Full text of Commercial and Financial Chronicle : September 30, 1916 : Electric Railway Section, Vol. 103, No. 2675

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Electric Railway
S E C T I O N
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C op yrig h ted in m e a c c o r d t o * to A c . o l C o n g r e s s .b r W I L L I A M D . D A N A C O M P A N Y . In o « i c e o f L lb ra rla n o fC o n g re s s, W a s h in g to n ,D ..

Vol. 103.

E

l f x t r i c

NEW YORK, SEPTEMBER 30, 1916.
R

a i l w

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a y

e c t i o n

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e x p l a n a t io n s

T h o E lectric R ailw a y Section, issued three times a year, in January,
M a y and September, is furnished w ith o u t extra ch a rge to every annual sub­
scriber o f the C om m ercial a n d F in a n cia l C h ro n ic le .
Tho R a ilw a y a n d In d u stria l Section, issued three times a year on the
last Saturday o f February, June and O ctober, is also furnished w ith o u t extra
ch a rg e to every C h ro n ic le subscriber.
T he R a ilw a y E arnings Section, issued m onthly, containing the sworn
returns o f earnings and expenses filed each month with the Inter-State
Com m erce Commission, is likewise furnished w ith o u t extra c h a rg e to every
annual C h ro n ic le subscriber.
The S ta te a n d C ity Section, issued semi-annually on the last Saturday
o f M a y and N ovem ber, is also furnished w ith o u t extra c h a r g e to overy
subscriber o f the C h ro n ic le .
T he B an k a n d Q u o ta tio n Section, issued m onthly, is also furnished
w ith o u t extra ch a rg e to every subscriber o f tho C h r o n ic le .
T he B a n k ers’ C o n v e n tio n Section, issued yearly, giving the detailed
proceedings o f the annual convention o f the American Bankers’ Associa­
tion, is likewise furnished w ith o u t extra ch a rge t o C h r o n ic le subscribers.
Term s for tho C h ro n ic le , including the six Supplements abovo nam ed,
are Ten Dollars per annum within tho United States, Thirteen Dollars
(which includes postage) in Europe, and $11 60 in Canada.
Filo covers for the C h r o n ic le are sold at 60 cents each (which Includes
postage). File covers for Supplements can be had at same price.
C H IC A G O O F F IC E .— 39 South La Salle Street.
L O N D O N O FFIC E — Edwards & Smith, 1 Drapers' Gardens, E . O.
W ILLIA M B . DAN A C O M P A N Y . P u b lish ers.
Front. Pine and Depeyster Streets, N ew Y ork.

M A R S

A P P E A R IN G

IN

T H IS

IS S U E .

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

pag<,'

o f

t e r m s

No. 2675.
a n d

a b b r e v ia t io n s

USED.
T h e f o l l o w i n g is a n e x p l a n a t i o n o f t h e t e r m s a n d a b b r e v i ­
a t io n s u s e d o n s u c c e e d in g p a g e s in t h e p r e s e n t a t io n o f th e
s ta te m e n ts o f th e d iffe r e n t c o m p a n ie s :
S T O C K A N D B O N D S .” — Under these words are shown__
.. ,f ‘S? C? ; " ~ T h e am ount o f st° c k a u th o r is e d im m ediately follows the word
a“ d aga,nst th,s ls the par value o f single shares. F or example
S tock. $200 000 ($100),” means stock, total issue authorized b y charter
or b y A ct o f Legislature, $200,000, divided into shares o f $100 each; ” f. p .”
following the am ount given as outstanding means “ full p a id .”
" P r e f.” means “ preferred sto ck .” “ P ref. 6 % cu m .” means prefer
stock entitled to dividends o f 6 % per annum , such dividends If not paid
accum ulating, all dividends due and unpaid to be paid in full for each an*
every year before the com m on stock receives anything. " P r e f 6 % n o n “ 0ans sim yly ‘ hat the stock is entitled to 6 % per annu m 'if earned,
but that if unearned In any year the dividend for that year will not be paid
subsequentiy. " D i v .” means dividend. T he last dividend paid is shown
under the colum n headed “ M a t u r i t y "
.. “ ^ • : : - “ M 0 rt - ." " m tg0’ ” or " M . ” means m ortgage. “ C onsol.” or
con . M .
means .consolidated m ortgage. "G e n . M .” means general
m ortgage.
R ef. M .” means refunding m ortgage. “ C oll, t r .” means
collateral trust. T ho am ount next following is the total authorized
amount that can be issued under the m ortgage. T he denominations in
which the bonds are issued usually follow In parentheses. T he word
" g o ld ” is usually spelled o u t. but in som e Instances is contracted to “ g .’
while “ cu r.” means currency.
“ C o n v .” moans convertible Into stock. " S . f . ” means sinking fund
“ c . " means coupon; " c * ” means coupon but m ay be registered as to prin­
cipal; " r ” moans fully registered (no coupons); “ r*” means registered con­
vertible into coupon bonds; “ c*& r*” means registerable in either form and
convertible from registered to coupon or the reverse; and "c* & r” means
that rogistorod certificates w ithout coupons as well as coupon bonds are
outstanding. T he lotters " p .m ." mean per m ile, so $15,000 p .m . means
that tho Issuo o f bonds ls restricted to $15,000 for each m ile o f track
"G u a r.” means guaranteed, and “ guar. p . & 1. (en d .)” means guaranteed
a s to principal and Interest, the guaranty being endorsed on each bond
R od. ’ means redeemable. “ T ru s.” or " t r . " means trustee o f the mort^
gago.

T A X E X E M P T IO N .— W here there is a provision In bond or m ortgage
Brooklyn Rapid Transit System______________________ __ which
would soom to make tho Interest free from the Federal incom e rax
t/le ^ac® ^ ack -fa ced letters— t f . moaning apparently tax-free*
Chicago Elevated Railways_____________________________ 29
enhZ e ^ 0rf° ls cn° 8U°h covenant wo insert the letters n t f! meaning a p p ^ -'
not tax-free. W here wo have no knowledge other than that the
Cumberland County Power & Light Co________________ 106
com pany has assumed or is paying the tax. we insert the letters c p t which
Detroit United Railway System________________________39 means that company p a y s t a x , a t lea st f o r th e p r e s e n t . Until tEe courts
have passed both upon the various features o f the tax and the effect o f
Eastern Pennsylvania Railways Co____________________ 108
mor^deffnite*Infommtion.116 ^
and mortga*<*’
impossible6' ^
Georgia Railway & Power Co_________________________
6
Havana Electric Railway, Light & Power Co__________ 1 3 2 the'wotME“Da(T”0 dat° ° f 1SSU0 ° n th® face of the bonds 13 bleated under
Illinois Traction System______________________________ 22
'•jj ^ T E R E S T .” — U ndor this heading is given the rate per cent yearly
o f the interest payablo on the bonds or (If guaranteed) o f the dividend
International Railway Co____________________________ 29 payabjo
on tho stocky also tho months when the Interest or dividend is
payablo; thus 6 J-J moans 6 % per annum payable January and July*
Lehigh Valley Transit Co. and Lehigh Valley Light &
correspondingly “ F -A ” is used to mean February and August* “ M -S ”
Power Co________________________________________
4 means M arch and September, and so on; whUe “ Q-J” means Quarterly
beginning In January and " Q -F ” quarterly beginning In February. (T he
New Orleans Railway & Light Co__ __________________
7 4 day whon tho interost paym ent is due can generally bo determined by
noticing when the loans m ature, the day o f the m onth there given being
Newport Nows & Hampton Ry., Gas & Electric Co____5 2
In m ost cases the same as for one o f the Interest dates.) “ s !-a ” means
semi-annual.
New York Municipal Railway Corporation______________ 26
“ R O A D ." — T h e word “ track” moans in street railway parlance a ll
New York State Railways_____________________________ 213 tracks, whethor main line, siding, switch or socond track. "R a ils are
80-lb. girder" means that oach rail weighs 80 pounds to the yard
“ k w ••
Pacifio Gas & Electrio Co___________________________ 217 moan kilowatts and " h .p .” means horsepower, “ k .v .a .” means kilo-voltsimpercs.
R -A -Y -R cars means pay-as-you-enter or prepaym ent cars
Philadelphia & Wostorn Railway Co____________
97
E xts., a d d n s and impts. moan extensions, additions and im p rove­
ments.
A uth. moans authority or authorized. “ Oth. Inc.” means other
Pittsburgh Railways Co______________________________ gg incom
e. ’ Cal. yoar” moans calondar yoar.
Public Service Corporation of New Je ley........... 80 and 81
R E F E R E N C E S TO "C H R O N IC L E .” — This supplement is expressly
intended for use in connection with the Investment news and official reports
Third Avenue Railway System_______ _____
7 3 published from week to week in the “ C hronicle.” Frequent reference is
therefore made to the volume and page o f the "C h ronicle" i as V. 103 p
United Gas & Electric Corporation_________________
3 2 000), where fuller information m ay bo found. Following also each state­
ment is given a reference to the latest news item in the “ C hroniclo” re­
United Light & Railways Co___________________________ 43 specting
the com pany. As every such item contains a reference to the
West Penn Traction Co. System____________________
103 last preceding item , tho roador can run back at pleasure. Annual reports
are in black-faced figures.
*




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S E C U R IT IE S A N D R E P O R T S
This is one of our s ix Sections or Supplements.
^6i™ st|1lt6'fr‘ “hb^ J ™ ™ ^ 68dt^e “ chronicle” contains from
the information ho needs in seeking a safe and remunerative lodgment for hi* money.
A fuT/ndex showing where each railway will be found is given m the closmg pages of the book.
ALBANY, N. Y.

AKRON, OHIO.
. W
1®
A H J r l R w v " k - I S . w . C la r k «.
C o. o f Philadelphia acquired over 90% o f the com m on stoc
P' .
•

S u i J r t S 'i o f S V l f o

»

S

S

o o „ o , . n y ..

«>“

— 'rhnhphiTric light and power properties are operated under
ri/h t« xv thout snecifiecUiinit as to duration. 70 miles o f the interurban
trick a ge areUon^/.rivate right-of-w ay; franchises for city linos and remaining

- •

,

g 5f f i BJ S ^ S ? i S V A . " S S S K ' * nu dsoii p o . _ T . 81. o . W B :
V. 82 p. 160. T he D . & f l . also owns the l r o y & New England and the
Plattsburgh T raction, and a half iutercst in the Schenectady K y .. the
Now York State llailwavs owning the other hair.
O R G A N IZ A T IO N — Chartered Dec. 30 1899 as a consolidation o f the
Aitvxnv R v (chartered in 1863), the W atervliet Turnpike & R R . (char1S28i and the Trc.y c i t y R y . (chartered Jan. 31 1866). See V. 69 .
rfr? 147 1300- V 70 p 77.y Has contract with Adirondack Elec. P ow . C prp.
Ff (/ions Falls for supply o f power. V. 69. p. 541. 909. F r a n c h is e s in T roy
and A lbany except that o f the Capitol Ky. on Delaware A vo. (a short line
on the outskirts o f A lbany), which expires A ug. 8 1951. are perpetual.
V 79 d 2698. Has traffic agreements with A lbany Southern R R ., SchenJi-'tiiv l i v a n d Hudson Valley R y., by which cars o f the first two roads
^ r u n t a t o Albany and cars o f the Schenectady R y . and Hudson Valley

R T h ^ C o h o ^ C i t y Ry'. was sold at foreclosure In 1904 and reorganized as
int,cnr O c ^ ^ f l K d ^ ^ y e a ^ n t r a c t for the lighting of the city o f Akron. Cohoes R y ? C o . with $120,000 stock and $84,000 bonds; all o f the stock
Sharehoklorl Jan. 24 1914 sanctioned Increase in auth. am ount ° f P r e ­ and bonds o f the new com pany are deposited with the Central lru s t C o . o f
.
_ ..
stock to $ 5 0 0 0 000 for financing further additions, extensions, & c. V . 98, New York as security for bonds o f tho Albany R y.
A c o u is U io n o f H u d s o n V a lle y .— in Dec. 1906 acquired a m ajority o f the
stock to so.uuu^y
appr0ved action of directors in providing for the pay­
stock5and bonds o f the Hudson Valley R y. C o. and increased Itsi own stock
m e n t o f Federal incom e tax upon the various Issues o f the c o .’s bonds
V - 8 4 . p. 52.
m r?n Anril 14 1914, after extended negotiations, conveyed to city o f Akron frotn $5,000,000 to $12,500,000 to finance the purchase
T ho P. S. Commission in A ug. 1915, m odifying its order ot D ec. 11 J914.
rurt-iin Cuvahoifa River water rights for $348,000.
.
On Oct 19 1915 the Ohio Supreme Court held that the franchise granted ordered the Immediate p u rch .o f 15 ne\v cars, to belli sorvice by Dec. 1■ J9L>
for an indefinite period by the Stark County Commissioners in 1892 (cover­ the Durchase o f 10 additional cars, to bo placed in service in 1916, the re­
building o f a number o f cars then in use and tho overhauling o f others.
in'’ about 4M miles between Canton and Massillon <mtside the city bniits)
“ I s not perpetual as claimed by the com pany— see V . 101. p. 1371. The
V A ? V , , S i ! 8 6i 9 1 6 “ i Pf res
? " » . ' » petition tor » „ locreoso
pomnanv has taken an appeal to the Fedoral Court.
.
.
Iii Feb 1916 the com . and pref. shareholders were given tho right to
subscribe at par for S I,518,400 6 % cum . p r e f.s t o c k b e iiig the remainder o f
a t S i n l r sin m *12 500 000
_
4 J-J
$12,500,000
See text
tho auth. issuo o f $5,000,000. V .1 0 2 . p. 1060, 1441.
On’&
« 1916the Ohio P. U CoVnm^auuV. tho co.' to issue $14.075,000
40-year 1st lien & r e t . 5 % bonds, o f which $12,000,000 to be used to re
tire underlying securities and the remainder for ext. and impts. $4,0()(),UUU
• w .M orooo. i o g .I J O * .
y u“ t ™ S !
o f the new bonds'havo been issued the proceeds being u s ^ to take up the
Ba rids - - O f thVconsoL m tge. o f 1904. $3,880,000 is roservwi to retire prior
81 300 000 outstanding coll, trust bonus o f 1913 and the Souu.uuu con.
Hens
N
o
sk
fd
and
bonds
are
not
s
u
b
j.
to
ca
ll.
Directors
may
fix rate or
trust bonds o f 1915 and for exts. and impts. see “ C h ron .-for Sept. 30 1916.
Stockholders are to vote on O ct. 2 1916, on increasing the auth. amount ILT. 'bu t not ex ce llin g 6 % : present issue is * t 4 J 4 % . Th<' d«bs ^ a y be
called on any int. date on 3 m os. n ?1*1’0. j
aa..5%v ln7t4 „ n i$
0f i T U C r A N f OBO? N D H D a le .’
M e r i s i . O u ts ta n d in g
M a l m ifp.
mm *t in
non 0001$
onn($l00)
Q -M 1 5°
$9,000.000
1 6 ,1
sotn
t o cnki . com
10.000
1 0 0 ) -----*4.665.600 S ept.
Oct TO.
IA
^ e f . $ 5 ,000,000(5100) 6 % cu m
..
y
4,000,000 Aug 11956
C o « » r 5 “ 500“ ,0 «)U g * U “ S o d
. W
"
"tS o 8 -J o n Mr ffl6
C (SI 1
000) (S j0 ° . _ c * ? n t f ) I n t e r e s t at Contral Trust C o
New Y ork.

£

r A V ? «• N-3vooSroS}°ysirT 1*19

R^ « « , 5 3 S 6 ^

Trust *Co., N e\v 6York f T ru /tom ^7
W at T €& / R K — 'eCUrUieS
i “Ayr ini itiiqp

1

1889
6 M -N
350.000 M a y 1 1919
n t f (B oston Safe D op. & T r. C o ., B oston, Trustee

cold 57.500,000____c * - t f l or at tirst N a t. B ank, JNew *oris.
A l? W ads & West m ortga ge,/ 1906
5g
See text July 1 1JJ.
l f H ’^ P r o r ri s ^ 00afl'orf 'part. at 110 and d lv ., on any d iv. date after
April 1 1919. Is pref. as to div. and assets and has full voting power.
V Bond?.— Additional lsM ie n ^ n d ^ e f.' bonds m ay bo issued (a) par for par,
for refunding or acquiring the $10,075,000 underlying lponds, (b) for 8o ,o
o f cost o f nevv construction, additions, bottermonts and extensions and
,..\
c r m qf cost or replacement value o f additional properties, under
conservative r e s t r i c t i o ^ T h e bonds are secured by mortgage on entire
nronertv subject to underlying hens, and by deposit or
ivor.
Flhio Tra’c & L t 4s o f 1933, $1,000,000 C anton-Akron consol. 5s o f 1933
and $200 000 Akron W ads. & W est. 5s. Red. as a whole or in part, on
anu szuu.uuu m
nr0vides for a maintenance and
depreciatimi fund o f 20% o f gross earnings for m aint. and replacements,
or for additions and betterments, against which no bonds m ay bo issued,
also nrovides for an insurance reservo for damage claims, & c., o f 4 % ot
erossPearnings until $ 100,000 is reached, at which figure the fund is to be
^
niriovi
Trustees are N ow Y ork Trust C o ., N . Y ., and Oitizons Savs.
maintained /l r u s t c c s
‘oUroniele)” for Sept. 30 1916. The Northern
Ohio Traction 5s o f 1899 were listed on the Philadelphia Stock Itxchango
in Oct 1901
O f the $7,500,000 Northern Ohio Traction & Light consols.,
$3 000,000 are reserved to retire tho N orth. Ohio Traction bonds. $1,000,­
000 are 5s, all outstanding; tho rest 4s.
C A N T O N -A K R O N C O N S O L ID A T E D R A I L W A Y .

Q T n r r f A N I) BON DS—
D a te .
I n t e r e s t . O u ts ta n d in g .
M a t u r it y .
M $2 500 000 gold . ( 1906
5 g J-J
$ 1.1 lO.OOO Jan 11933
° guar d & i b y North O h lo lln t. at Citizens Sav. & Trust C o ., Cleveland.
T ra c I L ightest ,000)
T m stee or First N at. Bank New York

$ 2j r 00^ * ^ ” yr R ervedn<i)iit ™?l7 oH5atkfn 1r n ^ e ^riervatl^^'ino^)eratlve^C*,
$254,000 waY ^ O H R T 1E8 OF T R O Y C I T Y R A IL W A Y .
°
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
con m g o ld .! 1892
5 g A-O
$ 2,000,000 O ct 1 1942
000.000___________ c*&r| Int. paid b y Trustee. Central Trust C o .,N . Y.
The T roy c f t y leased roads Include T roy & C ohoes, stock $o0.000 diva,
underlease, 7 % ; Lansingburg & C ohoes, stock. $15,000: divs. under lease,
7 % .^ T he W aterford & Cohoes R R . $25,000 stock receives 7 % yearly
UnD lV ID B N D S .— First quar. d lv ., 1 H % . was p a i d M a y 1 1900; same rate
to and incl July 1905. For year 1906 6 M % was paid . On
made *
3seml^nnusd

^^l^C K LO O ^'g’ cS l.O O O K ^ tflln tergh ^ C ^ v e^ lm id T r u s t C o .•Trustee, or
1st M Can & N P. $ 1,000 000 1903
5 g F-A
^ ^ ■ n ^ t o .^ T r u - t 9^3
iznlrl (Si 000)
- c * .tf\ I n t . at Am. Ln. & T r. < o. Boston, 1 rustee.
B o n d s — O t the' sY.oOO.OOO consolidated bonds. $ 1 ,000,000 are pledged
under N O T . & L. coll, trust m tge. and $290,000 are reserved for ext. and
hum s at 85% o f cost. S. Heed A nthony, Boston, is also trustee. V. 91,
o l628 1765. O f tho $2,000,000 Canton-Akron 1st m tgs., $850,000 are
Reserved to retire tho Canton-M assillon bonds. Neither issue is subject
to call
The Canton-New Philadelphia bonds m ay bo called as a whole at

10M

e l F d s . - V r e “ °stock w a r n e d in 1911 and dividends o f \ A % quar.
are regularly paid. Dividends on com . were begun lo 1906 by the declara­
tion o f 2 % , payable in quar. Installments o f 'A % from Juno 15 1906.
V 82 n 1° 13
In 1907 2 % was again declared, payable in quar. InJtkHmeSts f r o i June 15 1907. In 190§, June, u % ; SepL . M
D e c^ M
In 1909, 1 * 4 % . In 1910, 2 H % « In 1911. 3 > 4 % . In 1J12, 4 > i% . tn

19P L A N T .—'LIneJextendsUfrom Cleveland through Akron, C anton, M as­
sillon and New Philadelphia to Uhrlchsville In Tuscarawas C ounty, with
hranches to Ravenna (via K ent), to W adsworth (via Barberton) and to
Fast Greenville from M assillon. On Jan. I 1916, owned 241.04 miles o f
track, and operated 5 miles under trackage rights affording an entrance into
Cleveland. Owns Lakeside Park in Akron and M eyers Lalco I ark in
Canton. Also owns 1,011 acres o f coal land in N oble C ounty. Rails,
70 to 114-lb., standard gauge. 72 interurban, 228 city and 56 miscel­
laneous cars. Does the exclusive commercial electric light and power
business in Akron and supplies energy, directly or tod lre^ ly , to 9 other
communities. 3 generating stations with an aggregate installed capacity
o f 32,500 k. w .; 17 sub-stations. 2 additional 20,000 k. w . turbines have
*J°REP<O ItT !— F o r calendar years (1915 report in V . 102, p. 881):
C a len d a r
\rpsir .

G ro s s

N e t (a fte r

B on d

P r e fe r r e d

C om m on

B a l..

E a rn s
T a xes) .
In t.
D iv td d s .
D iv i d e n d s .
S u rp .
$3 890.751 $1,517,741 $628,309 (6)$199,281 (5)$450.000 $240,(51
io ia
0S5 1 398 656 606.898 (6) 182,364 (5) 450,000 159.394
Latest E a r n in g s . — For 7 m o s . ending July 31 1910, gross, 82,860,643;
net, after taxes/ $1,140,376; interest, $355,006; surplus $785,370.
O F F IC E R S .— Pres.. H. A. E verett, Cleveland, O., V .- l s . , E . W .
M oore Cleveland; V .-P . 3c Gen. M g r., Chas. Currlo, Akron; Ircas., J. It.
N utt Cleveland- Sec., C . F. M oore, Akron; A u d ., O. II. Lahr, Akron.
General offfc&s, A kron.— V . 101, p. 1371: V . 102, p. 610, 801, 881, 1060,
1441, 1897; V . 103, p. 407, 494, 666. 844.

™

aQR O O p e r a t e s 110.43 miles o f track, o f which 91.58 miles owned,
connecting Albany T ro y . C ohoes, Rensselaer. Watervliet, Lansingburg,
O rw lTlstond.^W aterford &c. Has 478 cars, including 15 snow-plows, 9
sweepers and 15 service cars. S ta n ^ rd gauge.
A N N U A L R E P O R T .— Years ending June 30.
1916.
1915.
1916.
1915„-„„
$911,597
Gross earn,gs.$ 2 ,3 9 l,0 82 $2,452,360 T otal net___- $507,627
641,534
727.594
Oper. e xp ____ 2,039,415 1.77j>,326 d i g s . & taxes.
- - — - (2)250,000
N o t __________
351,667
676.034 Dividends - Other incom e155,960 _ 235,563 Bal. for y e a r .d f.133,907 d e f.65.997
f c p M O B B S __p i a L F. Lm-ee? N UY.'; V ^ . T S l m s ^ A lbany; V>P'.
W ° H Wi liams; V.-P.'l H. B. Weatherwax; Asst, to Pres.. W. B. Schofield;
w
n v . “ rM G H Parker, N . Y .; See. & A p d ,, W , H. Elder; Treas.,
It. F. Atherton, Albany; C om p ., W .
Davies, N , Y .;G e u . M g r.. ChasF. H ewitt. Albany. Principal office. A l b a ^ .— V . 84, D. J32, 1368, 11-9 ,
V. 92. p. 131; V. 100, p. 310. 1350. 1834, V. 101, p. 016.

“
rv

Fn 1ZATHON —Hncorp ^Aug. ll'pjHH as a consolidation o f tho Glens
V nrn % F ort Ed?vard Street R y ., Warren C ounty Electric R y .,
M ^ iS t e ^ iU e S tS » t R
Greenwich & Schuylerville Street
Saratoga S i o n C o . and Saratoga Northern Ity.. the capital stock

E le f e E xp r^ C o

o v e / c a s t?^kV.‘ ° 's o % p d vaio right o f way.'

($ In iW 6 p lr t o f the cousot. to were converted into debentures in accor­
dance with a nlan for the re-adjustment o f the com pany s finances. V . 82.
n lOlO
In M arch 1906 authorized $2,500,000 preferred stock to provide
f o r the ronvertlbie feature o f the debenture Bs.
V. 82, p. 751.
STOCKLAND B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
$3,000,000
Com m on. $3,000,000. par $ 1 0 0 -----See toxt
Preferred ($ 2,500,000 ( s e e f -----F Irst/1c’o nso IFlat ix/1'nior tgage [ 1901
5 g J-J #
2.222.000 July 11951
•« non non (denomln&tionjInterest at Manufacturers N at. B k., Tioy.
• • l) - ° - " o * tf M ay bo called at 110 & Int. on any Int date
Dob “ A " Incom e, $700,000-- 1906
5 g
.4 7 4 .0 0 0 Jan 1 1951
Deb “ B” Incom e, $2,500,000. 1906
2g
2,500.000 Jan 1 19ol
«

1st hF (n o opt) 1 1891
($500 and $ 1 ,000) gold c /c e n t r a l
do

2d M ($500) g o ld .c / 1893^

do

3d M ($ 150,000) n tf I 1901bQ

6 J-J
100.000
Past duo
Trust C o .. New York, Trustee
m t ^ 0 0
^

82 000

April 1 1921

Still & M e ch first m ortga ge-1893 T rifst°C o .. N ew Y ork.
T ru stee"0'
rtn eensol mhzn
1898
0 A-O
202,500
past due.
$250 00d0
? . ” } Glens Falls Trust C o .,
Glens Falls, Trustee.
Bondi.— O f OM S 4.00 0 .0 0 0 M . o f 1901. $482,000 aro set aside for prior I ons

1915




was extended and is now past d ue.

B oth issues o f Stillwater & M echanic-

V' m t o r T — For6 fiscal year ending Juno 30 1916, gross. $787,330; not.
after^taxes,*$216 ?103*fothor°hic?,n$27,475; Int. and rents, $312,113; deficit.
$68,536.

.. R O A D - ~ M aJn Hne extends from T roy northward along tho Hudson
through the villages and towns o f W aterford, M ochanicvillo, Stillwater.
Schuyleryille. Thomson. Port Edward. Sandy Hill. Glens Palls and Caldweli to Warrensburg. The Saratoga Division, which branches o ff the
main line at M echanicvillo, provides a line from T roy to Round Lake,
Mansion Spa and Saratoga, with a branch from Saratoga Springs to Glens
Palls, via South Glens Palls, which branch was com pleted in June 1903.
lh ere is also a branch line from Saratoga Springs to Kaydeross Park on
r?£ a£?ga , , l t e and another from Thom son to Greenwich. Total first track.
miles; second track, 11.34 m .; sidings, 8.61 m .; making a total of
139.28 miles o f track. Rails, T , girder and grooved, 48 to 141 lbs. Stand­
ard gauge. Operates 94 passenger cars, 8 freight cars, 10 service cars, 7
snow plows, 2 electric locom otives and 7 express cars. C om pany owns
Kaydeross 1 ark, at Saratoga Lake; Ondawa Park, between Greenwich
and Thomson.— V. 89, p. 286.
A L B A N Y S O U T H E R N R R .— Third rail, except In cities.
O R G A N IZ A T IO N .— Incorporated In N ew Y ork Sept. 14 1909 and Is a
reorganization o f the A lbany & Hudson R R . C o. sold under foreclosure on
Sept. 8 1909 (per plan V . 89, p. 223). On Sept. 18 1909 merged A lbany &
Greonbush Brldgo C o. V . 89, p. 720. F r a n c h is e s are perpetual. D oes a
passenger, freight and express business and supplies light and power
along route.
STO C K A N D RON DS—• D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
$1,375,000
C om m on $1,375,000 ($100)........................ ..........
Prof .$2. 100,000 5% n-c ($ 10 0 ) ____
F-A
2,029,000 A u g 'T l'.H %
$1,500,000) 1909
5 g M -S
1,500,000 Sept 1 1939
First
gold ($1.000)_________c* tf/B an kers Trust C o ., N ow Y ork. Trustee.
B o n d s . — R ecording tax paid, m a k in g th em ta x -ex e m p t i n N e w Y o r k .
Sink,
fund o f 1 1 4 % o f bonds authorized from 1917 to 1921; 1922 to 1928. 2 % :
1929 to 1938, 3 % . Callable as a whole at 106 and int. on any int. da v.
V . 89, p . 1140.
v
*
D IV ID E N D S .— Initial semi-annua div. on p ref., 1 1 4 % paid F ob 1
1911. A ug., 44 % ; none since.
R E P O R T .— For year ending June 30 (1916 report in V . 103 p 575V
Y ea r end.
„ Jun e 30—

Gross
F o m in a s .

N et (after
T a xes).

Interest,
R en ta ls A c .

Balance '
S u rp lus

Passenaers
C a r r ie d

1 9 1 6 ................ $523,663
$146,996
$95,217
$51 779
1 4 7 5 42a
01,719
44,973
1,’452,’ 73g
19‘ 5 -.-n - n - 5U? J 7 h .. .
R O A D .— Operated by third-rail system from Albany via Rensselaer to
B iUiii3i°n ‘ iCom prises 37 miles o f main line and 9 miles o f sidings, with 2
additional miles o f overhead trolley road In Hudson
Total
1 milpq nf
JheC!Virks nIreH ', 1?r00itrn<? ^ contract giving it p r iv ile g e d enter'A lL ™ y over
the tracks o f the United Traction o f A lbany. Douhle-trarklm? o f roar! hn.
tween Rensselaer and1 Kinderhook Lake com pleted in 1910. 'Operates 19
passenger cars, 6 freight and 2 express cars, 2 snow-plows and 2 electric iocow y i h'
ja 8
aIV1 5 0-lb . stool; standard gauge. Also owns tho highI>a?rr? 1 b.r d *?° over Hudson River at Albany and a largo amusemont park
custom ersh0° k Lak0, ° n Juno 30 1910 had 2,405 electric and 2,536 gas
O F F I C E R S .— Pres., William Loeb Jr.; V .-P ., Richard Sutro; Soc. *
Treas
Irwin W . D ay; Gen. M g r., James E . Ilew es.— V . 99. p . 1832;
V . 101, p . 845, 1010; V . 103. p. 575.

B o t K ^ S t R y ^ S ^ :..^ ;
InteT eS t'
° t l 5 0 00T
Bonds ($150,000) ..............t f .
S ’ m '- N "
150 000 M av 1^ ic £>0
Allentown _Bridge 1st M . 1 1 9 1 2
5 J-J
218 000 Ju?v / 1942
Leh1gb°VaId L 1fe°0p )m n ;rC* t f ! Gioa.rQ P ‘ & *• b y L eh*K,] Valley Transit C o .
Coll10trust° bonds;'$925JKH) l ' i g ' l f * V g J ^ J 6 "
a r e S u ^ 'jr a n d * * ! 23'n n n i^ L ,^ ® *
$2,770,000 bear 4 % into-est and
bursoment for
* } ™ ° 0 o f the 5s aro reserved for reimnecdod t h e r X r m a v ^ f n n Q ^aker!town Traction C o .; any bonds not
Brown B r o t h e r t.y Me
and betterments. Interest at

pany’s office or at office o f Brown Bros & C o b ptdiadefidXableTh theKC° ^ ‘
are not subject to call. O f the s i 5 non nonpar’ i b'ladelphia. These bonds
are reserved to retire 1st M bonds- SMO OOO
i55-009-099
($354,000 to take up bonds shown ln ta b le '2nd S 2L <2 5 s2.1- I? tKe- bonds
taken up); $3,936.0(50 for im provem ents and l i m nnn
bonds.Previously

redeemable at par and interest on any interest da y.

otes or f»2 3 are

a n d 1 n te r I t.U% L 9 7 f ^ '3 b6°5ndS ^ SUbjeCt t0 Ca“ ° n any ln t- date at 105
D iv id e n d s . — Initial d iv. on pref., 1 % . paid N o v 10 1 0 1 1
in 1010
913 and 1914 2 % . In 1915, M a y . 1 % ; n 5 v ^ 2 J * % . in 1916 Feb
101 ^p ^ 4 6 5
A u g -’
T o t a f accumulated a lvs., 14 J.J % . y .
E A R N I N G S — For yrs. end. N o v . 30 (1915 report in V . 102. p . 249 258V
F is c a l
, n Y ? a,r;

O p e ra tin g
Jk^ en vu s.

N e t a f t e r O th er
T a xes.
In com e.

In terest,
R en ts .& c .

P r e fe r r e d
D iv id e n d s .

B a la n c e
S u r p lu s ’

~^?’§§S'SnS $852,489 $136,145 $665,246 (31^)$174,288 $14(f,10(j
19 3- 4 _ 1.869.006 718.351 122.948 633,178 (2% ) 99,593 108.528
E a r n in g s .— Year ending June 30:
} 91£ } 0 -$2,333,408 $947,358 3131,207 $635,888
N ot
$442,677
1914-15 - 1,924.298 766.548 128,455 657.682
stated.
237.321
? o ~ M P0r? tes i 6 l -97^miles o f railway, o f which 149.49 miles owned
rw v.ifhIS . LM1i ,easod- T he road connects Allentown, Bethlehem. South
Emansh M a^ ,nL ^ t o ain V.Naf arotM., Siegfried. C oplay. Oatasauqua, E gy pt,
town Amblor SanH
L,QuaISerto wn • Perkaslo, Lansdalo, Norrisglrder r-ilk
O w , ^ , b a d e lp h ia ‘ 89 and 95-lb. T and 96 and 116 lb .
town and Bethlehem
m,uM,ement park about m idway between AllenSoufh M le n tlV n rwas8

bulR b y

9*

«•

O . TPr « “

; IZ Z

b

Z Z J

B.

ALBIA, IOWA.
A L B IA L IG H T & R A IL W A Y C O .
O R G A N IZ A T IO N .— Incorp. in Delaware Juno 1916 as a reorganization
o f the Albia Interurban Ity. as per plan in V. 103. p. 937 (com pare Southern
Iow a Ity. & Light C o. in V. 101, p. 289; V. 102, p. 1812). Does tho light
heat, power, railway, gas and Ico business o f Albia and com m unity. F r a n ­
c h is e s expire; Electric, 1931; railway, 1932; gas, 1939.
S T O C K A N D B O N D S—
D a le .
In terest.
O u ts ta n d in g .
M a lu r it u
C om stock $400,000 ($ 100) - - ............
- ............
$400 000 ____
V
P f 6 % non-cum $100,000 ($ 10) . .......
.............
100X 00 _
1st M $500,000 gold ($1,0001 1916
5 g J-J
250,000
I 941'
and $100)------------- c & r .c p t l Int. at Empire Trlist C o., N . Y ., trustee.
N o sinking
B o n d s .— Remaining bonds aro for extensions and additions.
fund and not subject to call.
R O A D .— Oporates 11 miles o f street railway connecting H ockin'” Albia
and Hitem an. 60 and 70-lb. T rail; standard gauge.
uula
O F F IC E R S .— Pres., Albert L. Fowle; V .-P ., M erle R . WalkerA . S. Loland, all o f 60 Broadway, N . Y . C ity; Treas. & Gen M gr ’ Tiolnh’
W . B oyer, A lb ia — V . 103. p . 937.
M g r.. Ralph

$

E aston C o n s o lid a te d E le c tr ic .

$2 50 anti at sarife r i^ i® ^ ? iPia a n ‘ 4n D ec. 1905 declared a dividend o f
th n .ii. i t
1 s,lmo t ‘ ,m o called an assessment o f $5 per share on tho stork-

2k

V 83 n 637^

%

la,P .cJ

1906 with the payment o f

n8°r reCOrMKl- “

Transit C^o IZ Hio J? h i ' Consolidation by stock ownership o f tho Easton
(N J ) HorsJ O w R R nr n UniJ?at,ng C. ° ',0.f E aston- and ‘ he Phillipfburg
Owns all tho stock o f lhe Penn M o to ? C o in NeW Jersey M arch 11 1809‘

A - L afija a
B g g l° S ,.a

ALLENTOWN, PA.
L E H IG H V A LLE Y T R A N S IT C O .— A trolley road. (See m a p o n p . 4.)
O R G A N IZ A T IO N .— Incorp. In Pa. on N ov . 3 1905 and I. a
,
tion under foreclosure o f tho Lehigh Valley T r a c tio n C o
th^PhU a f l "
phia & Lehigh Valley Traction C o., the Aden town & S la t i n « n n « nMd. eJ '
Coplay Egypt & Ironton Street R y ., as per plan In V 79 n
In Oct. 1911 purchased tho M ontgom ery T ra c. C o. (V 93 ' n 01m ’ 1h 0 2 i
whose bonds and stock aro deposited under tho Lehigh Valiev TranoiV Jf J ° 1
Imp intgo. o f 1910: reconstruction o f M ont, Trac. cmnnlotod 1w s
&
cutting down running time between Allentown and Philadeloh iaM ciif l ? 1/?,*
from 4 >4 to 2 )4 hours. An 8-mlle cu t-off on this division was enmLVV 1?1.0
1914 and tho running time between Allentown and 69th s t ° lmP et^d ’ n
Philadelphia, is now l hour and 58 minutes.
St> r e r mlnal.
In April 1913 purchased controlling Interest In stock of Ea<itn« n
dated l-!lectrle C o. ( V . 96. p. 1022). On June 20 1913 s h a r e h o ld n ^ 0^ 0'1'
Izod an issue o f collateral notas to pay for the purchase
v ° o n 3 au,tilop1772. Also has half interest in Norristown Transit t o
F r a n r h h ? ' 1489'
On D ec. 31 1915 purchased tho franchises and property o f
V R fre 06*
town Trac. C o. (formerly leased) for tho sum o f $ l and tho cmm,?nQ,. or;
its indebtedness, all o f which was ownod by tho Lehigh V a M °^ in o ti ? o ° f
Under agreement made In July 1907 the Lehigh Valley T r . a n C. ?Philadelphia terminal in the Philadelphia Rapid Transit station at chMw
H ill. V. 85. i). 99. Late in 1912 made a contract for express s e r v ie fS m *
anda phlUX(felphla
0 ond ucts tbrougb frelght servico between Allentown
B ig h t a n d P o w e r .— In M arch 1913 tho Lehigh Valley L t. & P
rooa
organized as a consolidation o f the Allentown Elec. Lt. & P. C o and n n m S 8
ous smellier com panies, all previously owned by tho Transit C o
Nnw m m '
fiv the i e h ° v f?ifo y,? oti c?.ntlMualIy' wb,ch from tlme to tim o aro atworbed
outstanding", $491,106 *11 ow n ^ l b y “ ho Transit'C o ^ o ^ e n t ^ ^
and power business In Allentown°Bothlnhm n South BetMoh111 ro L ?b Jlng
ton Oatasauqua Emaus and i ^ ^ ^ f t ^
to Macungio and to several municipalities along tho Tranm? ^ bo.,asaIod
Including Coopersburg, Sellersvllle, Soudertmi and N or?h^ w ° .‘ 3 lin,°A ug. 1913 the com pany closed a co n tr a c H o sunnlv oloctdcItv
I,n
adelphla Suburban Gas & Elec. Co.^ » 's u b s i X r v n f thn Am ,t0 ^10 1 J1*1V . <57. p. 521. Also has numerotU^^ municlnal ^7treafr.llghtS2r U G<?3 C o ­
F r a n c h is e s , with one minor exception, are nornntnal
h Uln3 contracts.
Owns tho following stocks:
porpotuai.
N a m e o f C om pany—
k<? t ° c!cLehigh VaMoy Light & Power C o. (com m on)
tA Q i i n n 7
Allentown Bridge C o ........................................
... ...............'t o o
Rittersville Hotel C o ___________________
_______ fn o ’aRa J^J-lOO
Easton C onsolidated'E lectric C o. (5 0 % 'paid)................ *1 so2 '2 ?9 . IRR’ SSS
Norristown Transit C o .............................
................ 1,4? 2 ,5x9 ItOQO.OOO
Miscellaneous stocks ___________ __
_____ ____
i n ’ooM 12‘1'000

• ndtor” J‘ etbl°he" ' 4 N “ “ r“ 1
1
099V' ear» « 5% o
ST O C K A N D B O N D S—
D a te .
In terest.
C om m on, $3,000,000, par $50______
S S ?S '
Pref, $5,000,000. par $50___I ____
Q -F '
‘1.979,687 Aug '1 0 7 1 ^
5 % . cum after N ov 3 1910-1
First mortgage, $5,000.0001 1905
4-5 g M -S
4 993 non r»„ ,
gold (5 1 .0 0 0 ).................. ctf/G u a ra n ty Trust C o. N o w ^ n ^ V K9 3 5
Consol, intgo, $7,500,000.1 1905
4 -5 g J-D
' 3v7nnn n J , uf n“,9;
gold ($1.000)-----------------t f I Commercial Trust C o ., PhUa T r n s t n a 9 3 ^
R e f & Imp mtgo $15,000,0001 1910
5 g J-D
5 394 oon’
gold ($500 and $1,000) c * t f /Lehigh Valley Trust C o .. A llT to w n .V ru s te e




8>F o r,decfs1ion,o ?tiie N °rti?ed ^ ^ “ “ " co n s o l/d a tld ^ 1 ^ ° ° TransIt ° ° , " r, 1 V 'islo n o f the N ortham pton County C ourt at Easton Pa on D ec
V alley1Trans™ O o . W . l £ . I1' ^ n,natlng C ° - (a subsidiary), see Lehigh
onSth(3^>h I I a ^ lp h l? ^ t ^ k ^ x c h a n <gm t0ral trUSt 63 WGr° In J a n ' 1900 ,Isted
ri^uiit^I’^tO'OOO (par $ 5 0 )-.S to d £ e(50%i paTd*fn) ^ o w n ^ ^ b y l j . ^ F T ^ j O o ’
Collate<il trust 31,300,000 cf/ 1899
6 k M -N
s i 237 non \ fftv i i aj a
. (SI.000 and $ 5 0 0 ).. J. e n f Interest at Girard T m st Co^ P h ^ ^ ^ s ^
Pennsylvania M otor C o 1st] 1891
6 A-O
60.000 Apr 1 1941
m ort. (cannot be called) t flL a c k . T r. & Safe D ep . C o .. Scranton tru-tle
Eas Palmer & Beth 1st g o ld / 1899
5 J-J
200 n m b n ’
$2p0.000.(»nnotbocalle<intf i Int. at U. S. M tg . & T r. C o. N \
trustee9
EasASo Beth T r ia l M $500.-1 1906
5 g J-J
432 000 July 1 103«
flnm?,Uar'?>h1„dr(r, n '9 ? 0),tC^ flG ira rd T ^ ist C o .. Philadelphia, trustee. d6
B o n d s .-— T. iie coll, bonds have no s. f. and are not subject to call
Of
^ / n n n ^ f * 300,000!
Ls resesrvod to retire the Penn. M otor bonds8
ku’ rn rM tre<>s ' an<,‘ S I . 0 0 0 r e s e r v e d for small am t. o f outstanding scHp o f
Ed. HI. C o . Issiie Is secured by pledge o f $2,150,000 stock (entire Issue) o f
(new) Easton Transit C o .. 12.317 scares (entire Issue) o f KdlMn Rlnm
stock and 2,400 shares (the entire Issue) o f Penn. M otor stock l i t ™
Laston * So. Betb. Transit bonds Is payable at office o f Edw. B SmRh &
C o ., 1 hi la., or at com pany s o fflc o . T hey Are guar. p. & I by endorsement
J u n o ? 19asbS44Cnnn h iv e h^,n r tSii’^ inan run,d Q( 3 5 •000 ° - a - com m enced
lntl V1 S3 p . 323 haV b
retlred• Bonds are subject to call at 105 and
R E P O R T .— For calendar years:
C a len d a r G ro s s E a r n . N e t I n c . N e t I n c . T o ta l E . B o n d I n t . D i v s
Y ear—
— R a ilw a y D e p t . — E d .I ll.C o . C o n .E l. T a x & c
P a id
} 9 J5........... $534,644 $133,029 $19,833 $152,862 $67,806 S60 0 0 0

B a la n ce

‘ s 2 ‘ff)56
1914--------- 475,611 126,907 24,057 150.964 67,577 ( K o ' 13;°37
I?9 /M V ^ r Rmbra c°s practically the entire street railway svseem nf i r 7 fnn
and West Easton Pa and Phllipsburg. N . J .. with l i n e s Z m t t n
g
Bethlohom, South
Bethlehem, Nazareth, and Philllpsburg N J
totql track, 53..>.)9 miles, all standard gauge; operates through cars from
a n c f l 2 se°rvk:e cars®™’ S° Uth Bethlehom and Allentow n. 88 passeng™

I

s

A L L E N T O W N & R E A D IN G T R A C T IO N C O .— A trolley road
Fob 6 1902 leased for 290 years the Kutstown * ^ F ^etw ood Street r I
Control* tho Kutztowu Light, Heat & Power C o . Connects with UnUofi
u,wnttoniliad ln^ ?kS from lleadln* ‘ tb « 3 <ormlng a throusb line from Altenl
«J™ ?7

m

S oO “ r M O ® :... D “ “ -

1902

tund.

M a lu m .

5 8 J -J

2 0 0 .0 0 0 J a n ‘ i

T h e first m ortgage bonds are redeem able at par.

S

singing




* « H l ^ rl|^PS H ^ «0 r .yearo f5 <l ln,? D o c - 31 1914. gross. 5189,856:
568.536. In t., d isc., & c.. $52,788: surplus. $15,748.
47?10 m n S T ^ I c a ^ 08 39-60 ml103 maln llne*

7,50

not,

mllos sidings— t o ta l.

a
lr„reSvV H ' S ’ Aarons, Reading; V .-P .. W . D . M ohn; S e c ..
RfiAr
n a °?bi>rs; T rea s., G eo. B . Shaffer. Reading: Supt . W . J .
I 3 e a r .K u t2 t o w n .-V . 81. p . 1492: V . 82. p . 216.

ALLIANCE, OHIO.
S T A R K E L E C T R IC R R .— An electric railroad.
iorw
—Incorporated In Ohio and Is a consolidation In D e c.
19S ®
A 'J^ nce E lectric R y . and the Stark E lectric R y.
stopir «1
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
P°>.....................
Q-J
51.250,000 Oct, '16. 1%
™ n ? ’o.S f ’.000; 000,* 1 °ld ? 1903
5 K J-J
903.000 Jan. 1 1928
(51.000) sinking fund, call-] Citizens’ Sav. & T r. C o ., C leveland, trustee.
105 --,--------------- c t f l l n t . a t United Bank & Sav. G o ., Cleveland.
2 2 ?'— i n k in g fund o f 1% per annum from Jan. 1 1911 to Jan. 1 1915
Bnl l . i S p,er annum thereafter. $97,000 have been retired.
T-, « ini7p k ‘- 7 First fIiv-* H % . paid July 1908: H % paid auar. to and inch
J an . 1916. In April 1916 rate was increased to 1 % ; July, 1 % ; O ct., 1 % .
I Q April 1910 also a stock dividend o f 2 5 % . V . 90, p. 448, 700.
E A R N IN G S .— For calendar year 1915, gross, $313,524: net, $14 4 ,8 1 5 '
interest, taxes, & c.. $62,552; dividends, $37,500; surplus, $44,763.
« i ? ° A D ^ — Operates 34 miles o f track from Canton to Salem, including
on !unco. 9 ,ty lin es. Standard gauge. 67 and 70-lb. T rails and 70 and
90-lb. girder rails. Total mileage. Including double track, 36 miles
An
extension from Alliance to M arlborough and N ow Baltim ore and evontuallv
to Akron is being constructed, line partly graded.
O F F IC E R S .— Pros., C . It. M orley, Cleveland; V .-P ., D avid Morisnn
S ec.. E . S. C ook: Treas.. J. M . Blatt: A u d .. A . J. Sampson/ Gen
F . L . M ow ry .— V. 86. p. 1468; V. 90, p. 448, 700. 1171; V. 102, p . 977^

T t h r L - ^ e s ^ t o m 11
st<£a £ e ba tte rie s, a t A n d e r s o n , o p e r a te d on
b a U e r h ^ ^ S ^ M t R e s y s te m
’ 1Ikewlse eQ ulpped w ‘ tb stora g e

S e c / * Tro-S8 'WmreSTT
Ind"__v OR n fit io | ‘

’ RTra d y* Anderson; V . - P . , ----------------------------Anderson. General offices, A nderson,
» 3« « - V. 9S. p . 840. 005. 100°:'

(1) In d ia n a p o lis N e w ca stle & E astern T n r i l n n r n
T h e T ^ o p ro v k ta i ^ h e p S ^ e n V o f aHat ° n ° f V25 l 9 *2 (? r 999 yearethe 5c L ° nstock n
S
andt^ ^ e f i n i t e <3annual)<pa^mentUo f
P ^ p b le u ^ e r S ^ ’in c o m i i t i ^ J ^ ^ Q ^ jp ^ ^ y t . UP to S10.42(T a year, is
1916;asee t e n n ^ b e lo w * PortIand T raction C o. for 9 9 ? years from June 30
the*Indianapolis ^ e w ca s t? e & PTn?cHndlMna ° n June *0 1912 as successor to
p r iv a ^ r ig K f-^ S fn ta u m w id th
f foreclos^ e -„ H as
where shortest f r a n c h i s e ™pires Anr 7 t e n d <T Tep.t in, corPorate lim its,
with Ind. T rac. & Term C o extrnmm Jtn io3* Under. favorable contract
Indianapolis interurban terminal U
g
1933, operates through city into

100

CoSJmoCn$5A00.000 ?$I
)r .. ^
ln U r e sU
M a tu r ity .
Pref $500,000 5% cum ($100)______
" H ------I™ t a S P1? n?„tge S i.500,000 gold| 1912 6 g J-D
1.200.000 j £ “ U 19
n i .l r i .- - A -------- r*.— c * t f /I n t . at Fidelity Trust C o ., Phila. Trustee
filmenr*nf
remaining 1st M . bonds, $100,000 m ay be Issued upon fulf“ ™eont o f certain covenants and balance for 7 5% o f cost o f extensions
’ betterments or acquisition o f unencumbered properties. R ed as a

*500000

1

,'f ^ ;f f i f S 5 d 3“ oon 8 woo,“ ’

982

16260 j 16D9Srvnt e d p. ‘& Y 'v ° ni ( » I Pctl n p v .
° 4 ' P' ^
J .b ® iM u n cie & P o rtla n d T r a c t io n .— A trolley road.
n l H ^ V n * A 1 XP,N — Incorporated July 1905 in Indiana. F r a n c h i s e s in
cities and towns 50 years; in counties perpetual.

AMSTERDAM, n T y ,
F O N D A J O H N ST O W N & G L O V E R S V IL L P R A H R O A D r o
Steam and electric road. See statement in "R a ilw a y & Industrial SccT"

Newc-LstifT nr le,ased„;Ys o f dune 30 1916 for 999 years to the Indianapolis
izat7n^ w ^ t ‘dCr,I1 Trac- C o
tn conneetion therewith the c o .’s capitalp re f^ re ^ ^ Snrt^«?r»?<nno0m S I.000,000 stock, all o f one class, to $506,000
alI
» “ d 3500,000 com m on. 'I'ho lease provides for the paym ent o f
o f $4 530 an B ,nl,','al t0 5 7 ° ,°n P 10,P ref' s to ck - a definite annual paym ent
thigent^up^i 1certain^TOndUions.fUrt ler am ount up to $17,370 a year con-

ANDERSON, IND.
UNION T R A C T IO N C O . O F IN D IA N A .— A trolley road.

O F F IC E R S .— Pres., E . B. Ball; V .-P .. W
S n ^ - V
leased" to fhn i n H i f i r
Pm 895’ 809. 1041). T h e Matter com pany was
ilL
addition to
to operating
operating
^ eh ^ L an^ ?Vu
nl^ .1, ,L1 1.
rf„C-*a
‘ 151 rental (in
an addition
“ 580.OOO cumb p
^
.
8
foC
c
i
:
&
* ! ! & * * J & * ' * ™ v.W ,-R y ?
r
e
f'
s} ? £ “ :rY ', 83*J?•96. T h e o/d Union Traci C oV of Indiana
was
a consolidation o f the Union Trac.
— --^consolidation
T rac. C o. o f Indiana (incorp. in Juno 1890)
rr
~ — i A.
?i?d TtkP„I,ndian..ap(l,ts
^Northem T ra c. v^u.
C o. ^tiiuorp.
(incorp. in April lUUz).
1902). Leases'

.^ ! '? }

O

Ball- Sec

S T ' T o f t i 2342 S6C-‘ W -

Fon*

G

A RailA nderl

ANNISTON, ALA.
A N N IS T O N E L E C T R IC & O A S C O .
•
A , ^ W n Alarch 1915 with the Alabama Power C o ., a subsidiary o f the
Industria 1*Secti'on^'' & P o w ' C o ., for statem ent o f which see our “ R y . At

ASBURY PARK, N. J.
fho.cku

2 » « ^

c°- » d 576’°°° *

A T L A N T IC C O A S T E L E C T R IC R Y — T rolley.
)■^10 Indianapolis ISTorthern Traction assumed ijavmon#; nf
_ »
n ^ I V ^ A £ f * ^ T ^ ? * ' ^ * nco£,?orated *n N ew Jersey on D ec. 8 1905 as suecessor to the Atlantic Coast Electric Railroad C o ., sold under foreclosure o f
SSi^ S l f f l S ® ? ’ “r ‘b0 b0" d*
?.■£ aLk,????* ^1m o^ ? ^ e ° i the Uittar. Leases the Seashore Electric R y . o f
until June 6 1937 at $10,000 per year and owns $150,000 o f the
ocJ°|f i S “ f p S S S S A ‘ , S r s & S : S i SSr99! ^ ? ? , ” 8200,000 total capital stock o f that com pany (making net rental $2,500).
Iy d - ffow . & E . 1 rac. C o. form erly held wero transferred in
and owns all o f the stock o f the W est End & Long Branch R y. and o f the
° f obligations inciirred in leasing that com pany and acnuirlmr
t*?n Asbury I ark & Sea Girt R R .; tho form er is leased from A ug. 3 1896 until
July 17 1945 at a nominal rental, and tho latter for 99 years at 6% on stock
and in building the M uncio-N owcastlo lino, and in consideration ^
2d T;a nny? ,f,9 r J'op rov in g power facilities for that lino a f i i - j ° i / U^^thoE from Aug. 27 1898: both stock and bonds o f A sb. Park & S G a e w n r i
$521,000 (V. 100, p. 975). Loaso again m odified as o f iu n e -mU!o 7 r ab ° ut Also entire stock ($100,000) o f the Atlantic Coast Electric Light C o ., which
terms under Ind. N ewc. & Eastern T rac. C o. below.
June 30 1916. See supplies the electric lights o f Asbury Park. Allenhurst. Belm ar. OceaS
Beach, C om o and Spring Lake. T he Seacoast T rac. C o. (capital $100,000),
STOCK A N D BONDS.
D a te .
In terest.
O u ts ta n d in
running froniB elm ar to Spring Lake, 2 miles, has been leased to the Atlantic
C om m on, $5,000.000______________
r a s s S f r . . MT _ Uv_ :
1st pref, $1,000,000, 5 % c u m . ____
f 0f n % yie al*:
st« ck and bonds are owned. F r a n c h is e in
A-O
J ’990.000
See text
S ^ ai_
i r i expl^res
1947;
in Asbury Park in AOUI
1937:, in
In JU
Long
Branch, som
e UXex2d pref, $3,000,000 (see t e x t ) . ____
/e auH
Jin xu
' *npn
J-J 10
Dirfi in
In 1945
1n
9-l.i
nomotnol* In
1V. 1UK orilUUU,
_____ x »U
i _LU
iIn
.OrSea
«
3 .900,000
See text
P're
and nthprQ
others are
perpetual;
in Ocean m
Township.perpetual;
Ind Un Traction 1st M $5,-1 1903
„5» 1
g A-O
; _______________
1*620,000 July 11 1933 G irt, expire in 1926 and 1 9 53;6franchises
o f Seacoast T rac. C o . are perpetual.
000,000 (51,000) g o l d ., tffIn terest ati Girard
Union T r C o o f Ind 1st genM l 1899
5 g J-J rrUJ tcn n yJ oh^Ha ; •trustee.
/ “
•" ° S o nt ? ;
$ 5 ,000,000g(51,000)c& r*tf/E qu itable T r C o N t w ° v ,09 ° ^ uly 1 19I9 stock°$T ooAoNo o o B($ io o )s 7 : . . DaJ .° :
Collateral notes...................... 1914
6%
’ Now- J ^ k * *rust«o
F nnnm0rtgag0 B0ld 51’000
1895
5 M -N
5 800,000 M a y
1945'
0 0 0 . . . . . ------ - - _ . . . . n t f l Int. at Colum bia Trust C o ., N . Y ., Trustee.
fi g J-D
dp °00 Sept 1 1917
Citizens’ St R y (M ud ) 1st M l 1897
5250,000 s fsu b to call 1 0 5 ./Interest at Guar T r „ « f
^ ec ^ 1927 G crnMa^ , On ^ e $ 1 ’000’00x9 T1906
5 8 J-J
1.000.000 July 1 1945
gold ( $ 1 .0 0 0 ) ..- ..........-c tf/I n te re s t at Central Trust C o ., N .Y ..T ru ste e .
(5500 and 51.000)............c* ( Philadelphia trustee & Safe D eposl‘ Co
Seashore Electric R y stock _________
5
onn nnn
M arion C i t y j s t ^ $ 4 0 0 .0 00 1 ^ 18 9 5 . g f M ^ g s s . o o o M a y 1 1919 Seashore Electric R y first! 1892
6 g J-J
200.000
gold (SI.OOOJ................ .c tf/E q u U a b le T r u s t C o i w ’v 0 i ? ^ y 1 1{
m ortgajC6 $ 2 0 0 ,0 0 0 ... . . t f /I n t. at Seacoast N a t. B k.,A sbu ry Park, N . J.
36.
Indianapolis North T rac 1st f 1902
5 tr i t
S T H ' trustee
Coast Electric L ig h tf ____
5 J-D
196.000 June 1 1945
m
m tgo
tgo $5,000,000
$5,000,000 g
g (51,000)
($1,000) I Equitable5 T w C o .^ N m ^ ^ r k .^ u s l e o1932 Atlantic
first mortgage $500.000|lnt. at Asbury Park & Ocean Grove Bank
guar p & 1 b y Un T r a c c * t f
Indiana N orth T rac 1st mtgo
g o ld ....
............n t f l A sb. P k. M orton T r. C o ., N .Y .. Trustee.
!903
5
g
A-O
500;000
O
ct
1
1933
Neptune
Electric
C
o
_______________
6
%
40 000
5500,000 gold ($100, $500 Interest at * n 'u
500,000 Oct
and $ 1 ,000) guar_____ c * t f ,
B o n d s .— O f the 51,000,000 1st 5s, $200,000 are reserved to retire"a like
. T ^ N- J-) Trust 4
M II & Ft W pref stock c u m .. . .D Z ^ h o r.F
amount o f Seashore R y. 6s. T he latter aro subject to call at 105. Entire
__o
__o
_______
5^ . ,
500,000
See text bonds ($50,000) and stock ($100,000) o f the Anbury Park & Sea G irt and
d
d
first m tge $ 1,-\ 1905
^ ® ,bonds and stock o f the Seacoast T rac. C o. ($100,000 each) are d e ­
000,000gold (S l,00 0 )-C *tf| ln t.a tG u n £ d J^ L , x ^ 934,000 Jan 1 1935 ®“
M uncie & Un O M 5925,0001 1906
5 £u Sav. & T r. C o. O lev ., trustee. posited under the new general m ortgage.
D M d cn d j.— In 10O6 and 1907. 6% ; since 3 % per annum.
guar gold (51.000)
/I n t. at P l d 5 l / '^ r « . o 925i?i?.9 JuIy 1 1936
Broad RIpploN atatorium lstM
5°\r a
® ° " 1 hila.. trustee.
R O A D .— Belt line In Asbury Park. 5.85 miles; Asbury Park to Pleasure
S to ck . — D ivs. on 2d pref. stock' are cum «v„
40.500 M a r 1 1931 n 1 |fia! ! i £ 0r,th, Wng
14,i 60 ,nMos: A sbury Park to Manasquan.
14.16 miles: total track. 36.08 miles. Connects at Pleasure B ay with the
1913. scaling upward to 3 % semi-annuallyl«If V .n ?T oio% s.ci" ,-annual
N ew Y ork fz Long Branch Steam boat C o
B o n d s .— O f tho Ind. U. T rac. bonds o f on^ y« 1-,9^fna^ 1nthercaftor'
R E P O R T .— Years ending D ec. 31:
for extens. and lm pts., but under terms o f
1 i? ° 0,000 wore reserved
,
1915.
1914.
1913.
1912.
1911.
these bonds have been cancolod. 5349,000 arohSi!,
° ? i a? [? en?eS? o f 1912 „
Sinking fund, l > i% per annum o f outstanding S «
9 tko8 nk nK fu n d - Gross earnings........................5409,007 $428,763 $437,856 $427,883 $422,755
on July 1 1904. Fund Is to be Invested In thiPhmlSa n
V
0P®r,ative Operating expenses......... .. 255,872 248,953 236,783 225.683 216i014
Int., and bonds may be drawn at 105 and Int
„ ad^ ®x®n,° 9above 105 and
N et oarns. from o p e r.
S153.135 $179,810 $201.073 $202,200 $206,741
Union T ra c. C o. or Ind. gen. M . bonds aro
date. Remaining
See V. 71. T). 1013. Bonds are ILsted on PhHa ST99vf^ n 9 d 0r^ ngr b9 /,d s OFFTCPRqSC" PrC£ m 0Q$ 7P22R fi3C?d. charges. $127,795; surplus. $32,560.
Northern T rac. bonds are subject to call at
Kxch. T he Indiana
ores: ’ 5L' F. Ilazolrigg, N . Y .; T reas., H . II. R ogers.
T h ey are ? uar. p , & i. b y Ind. Un. T ra c C o
wr^
notlce. S ec., G . B . Cade; Supt., C . E . Ilereth.— V. 81, p. 974, 1435, 1722,
Hartford & F t. W ayne bonds can be ca lled j o n V,' ,8?.;rP’ 8d5. The M uncie
s in k in g f u n d o n those bonds o f 2t$ % o f am/1. " ' 1 1 9 2 j’ or after, at par.
A
ASHTABULA, OHIO.
1905. See V . 80, p. 1059. $ 1)6,000L v o Kh9nZearPa‘ .porm.nn;J J°8an July 1
C ity bonds are subj. to call at 105 and guar 9 £ tir° ? & Un'on
A S H T A B U L A R A P ID T R A N S IT C O ,
M arlon C ity 1st M . bonds originally m a tilrS d ^ i'’ by, I,n^VrU' / ’ T ra c- The O f thnFP n ; i 99 J o m trR o f •'his road was acquired !b y L . A . R obison. Pres,
tended to M a y 1 1919.
y matured M a y 1 1915, but wero ex- or the Penn. & Ohio R y .# and associates.
„ D iv id e n d s . — 5% was paid on first nref
__
O R G A N IZ A T IO N .— Chartered O ct. 7 1890.
D ivs. on second pref. stock have not been ^ a l d ^ n c ? Ju/v 1912 N°“ 0 sInco
^ R E P O R T .— For calendar year ( 191*5 ronnrt i . w , ! o
s t ^ k ° $ 5V o o ” B ° .N.D ! ~ . D 7 e:
_ ! nterest:
0ul ^ A
° M a tu r itv '
C a le n d a r
G ross
N e t (a fte r
o th e?
6
102, R) l 158^ ,
l 8tfS 1™ r .
575.000, g o ld r 1891 6 g" J-J
75.000 July l ' i 921
($1,000) . .
------ c*&r lin t, at Central Trust C o .. Trustee, N . Y . O.
$8»
2d m tge. $500,000.................. / 1907 5 M -S
307.000 Sept 15 1927
B on d *
« 7c non oh
l p ,t;*zens s - & T . C o ., Cleveland, trustee.
™ carried Tn 19L5.'T6.479353.f ? a g t f i j t n
« ‘iVi57ri'009 r d n}t? e; Ronds aro reserved for prior liens. 1st M .
L a test h a r n i n a s — For vear ondinir rnno on m ia ' iJW ilO l in 1014.
bonds originally matured July 1 1911 but were extended 10 years to July 1
surp1!us,X<$iAL040^.5^’ ° thCr lnC° m ° ’ $18’ 56'6 = U it- o n ^ o n d s ? Y a .1SSMJSO;
i^.OA
D ■ ^ O ^ v n s ^ h o f^ n m v in g llr ie s : M uncle-Anderson-Indianapolls.
5634
mllos;
I ndles;Gr^ 9 » H la n ^ n n H s -K V t k n m i? 'Ies; Aloxandria-Elwood» » ! ?
S I 'S *
and 4634 miles o f cltv llnw

Also l e a ^ W n ^ . l : 272 mUes o f Interurban

In^^ld^groM ^ S S ^ I^ s^ ^ m t^ sF e^ S s! 191^ ’ Bross’ 580,711; net. S22.733. .
? 2 ^r9 .'^T^perates 5 mIles o f f a c k on 514 miles o f street.
O F F IC E R S .— Prra., L. A . R obison. Pittsburgh; Sec. & T reas., W yn B .
V^°988p^ 76i bUrgb' G en' SuPt-* Palmer W ardman, Ashtabula. V .85.p.468:
P E N N S Y L V A N IA & O H IO R Y .— A trolley road.

^ a S ! z ' f f i { f “ ? i S ^ f f i a V 7 P,.d8 ^
J t a M d T y ! & “ dr f e

^ s M

p g B




‘ 00-

0, “,'s o o n r K ’

&

E

S , S S S

P^ n n m^£?h J600>000’ « oId* L 1?01
5 g M -s
’ooo.’ooo M a r Y s '1921
, *500 e a c h - — ----------c * (I n t . at Citizens Sav. & T r. C o. Clev Trus
Jesie0f)°nnnD Vte0n (* 500> * L 19°2
5 g M -S
100.000 M ar 15 1922
$ 1 0 0 ,0 0 0 .......
----------(In t. at Citizens Sav. & T r. C o .. Clev Trus
^
‘tnrn80’ $900*000- *°w | 1906
fi g M -S
200,000 Sept 151926
($500)------------------------------ c /I n t . at Citizens’ Sav. & T r. C o .. C lev ., T rus.

PJellieo
^Clarksville*., . „ >
x
N?Spnngfleld
’Gallatin

J {

w

Q ^ k e r la ttd

Is

(

Rogersvillec

C
L

^JLoJIonterey

.Lebanon''

, SOU.

\Morristown

Coal Creek <jf

N

E'

N

Murfreesbb.ro

S

Rockwood

y^Vc

(K N O X V I L L E

ash eville ) : .

\

W ilk e s b o r o W IN S T O N -S A L E I

y

N

° O

^ — ■■—

1

N ?5 o --''rS \ i i

'^ S a lisb u ry

j g Milburnie
,

V

/

Jaw River (ft

V o-

,.o:/5fcis RALEIGH

^

•
SmithfieL
*[8uChkorn

y

fa"°

Q

N

Waynesville,

. ^Goldsboro
I**-

--- S-^S<
Kinston i

J

/Aberdeen

Tullahoma'
Toxaway,

' ✓ __
^Fayetteville

ACat^wba

ilmingtonN

\

\Calhoun Falls

±

a - /L-L CEDARTjC/.,,..
AlabanwCityy

/Jacksonville'

MARJ

fja c k s o n Shoals

flalladega

•

i

"A ugusta

\

Roanoke■ o

°) M

»ir

I Alexander C itj-

A \ vB

\s

A

' Lafayette/

7A

❖

Blackville\

\0 c '" u

/

WaynesbbrQ

Griffin,

l
EamtsviUel
I La G range]

Millen

■gey.( ^

Thomaston"

” >»
Syl vania <

'f / M A C O N

MacorP'fty. & Light Co. o
"flacon Gas Co.
'

/rallasseeq

"l^^Aiken

Thomson

^

NEWNANV

\v

0
\

5Washington

ATLANTA]
jrfAnniston*/1^
jQ /^ '-'O t cAar
R iy
t\o llt cTn * ^ v
^ , tjxford _)
\
.

Conway.

vP.

’ Wrightsville
Statesboro!

a
‘
HFt. Valley

HIGH TENSION DISTRIBU TIN G SYSTEM
OF THE

AND INTERCONNECTING LINES
; Reidsville

. McRae,

Abbeville!




X ir

SYMBOLS
W ^G E N E R A T IN G STATIONS®
SUBSTATIONS°D^ r n - 0— - - T
Z , INTERCONNECTING LINES
------PROPOSED —
GENERATING STATIONS S
PROPOSED H

IVoI“ 103

GEORGIA RAILWAY & POWER CO.
Hawkinsville

* Greenvilli

ELECTRIC RAILWAYS

Deeatii
New Decatur

H

-r

Southern PublicL,
Utilities C o .^ H ,- h
( L enoir \Horseford Lookout
/& O
'Shoals
Shoals Statesville b ^ c y ^ R a n d le m a n s

Marion'

^■>rs wee twafers

■^Athens
f£/ K

j

N. C. Electrical
fTl Power Co.

E

3^

■McMinnville

, s

Greenville
V

A
y

^ g j/jo h n s o n Cltji

B o n d s .— O f the new gen. m tge. bonds, $700,000 are reserved to retire
prior liens.
E A R N IN G S .— F or calendar year 1015, gross, $126,704; net, $55,889.
In. 1914, gross, $123,247; not, $46,406.
r o a d .— O wns and operates the Connoaut city line, 3 miles, and has
built westward from Connoaut to Kingsville & Ashtabula, 13 miles, and
■outh from Ashtabula to Jeffersoa, 10 miles; total, 26 miles.
O F F IC E R S .— Pres., L . A . R obison, Pittsburgh; Sec. A T reas., W . B .
M orris, 1 ittsburgh; G en. S u p t., Palmer VVardman. O ffice at Ashtabula
— V. 82, p . 929. 987.

balance have been retired. R ed. on any int. date at 110 and int. A
became operative In 1907 which retires $10,000 o f bonds
each year from 1907 to 1911, Inclusive; $25,000 per annum from 1912 to
1916, inclusive, and $50,000 per annum thereafter. See V. 74. p. 629, 727.
A sinking fund o f $6 60 per $1,000 bond on the Atlanta Gas L t. C o . bonds
is operative; $213,000 bonds in fund. A tl. C onsol. St. R y . bonds are red.
*5
t 6ut $25,000 in Jan. o f each year for sinking fund at
at 105. O f the ref. & im pt. m tge. bonds, $11,230,000 are reserved to retire
prior Hens (including the $400,000 Atlanta <Sc N orthern bonds) and re­
mainder for extensions and improvem ents up to 75% o f actual cost. Bonds
?or sllWoct to call on 50 days’ notice at 105 and int.; a sinidng fun d o f
1% or bonds out began in 1910.
s in k in g f u n d

ATLANTA, GA.
Q E O R Q IA R A IL W A Y & P O W E R C O . — (S ee M a p o n p a g e 6).
O R G A N IZ A T IO N .— Incorp. in Georgia on O ct. 16 1911 to take over
the following properties (V . 93, p. 1191, 1725):
Ilnter-Stato Power C o.
Atlanta H ydro-E lec. Power C o.
ISavannah River Power C o.
Atlanta Water & E lec. Power C o.
Georgia Power C o.
I South Carolina Power C o.
In Juno 1916 purchased the Gainesville R y . A Power C o. (see p. 45 of
“ E l. R y . S ection " for M a y 1916) for about $180,000. V . 103, p. 144.
Also leases the Georgia Railway A Electric C o. (see below ).
It is planned to construct and operate in connection with the d evelop­
ment o f the water powers a system o f Interurban railways.
In June 1912 Judge Pendleton in the Superior C ourt sustained a demurrer
to the suit brought to have the com pany declared a trust in violation o f the
A nti-Trust law. V 94, p. 1763. An appoal was taken to the Supreme
C ourt but in Jan. 1913 tho suit was withdrawn. V. 96, p. 285.
In a suit brought by the Attorney-General o f Georgia In N ov . 1912 to
eject the com pany from certain property at Tallulah Falls, where a large
power-plant has been constructed, a Jury in tho Rabun C ounty Superior
C ourt at Clayton, G a ., In M ay 1913 gave a verdict In favor o f the com pany.
T ho Supremo Court o f Georgia on Dec. 13 1913 affirm ed the decision o f
tho lower C ourt. V . 95, p. 1472, 1541; V . 96, p . 1629; V . 97. p.1822.
In terest.
O u ts ta n d in g .
STO C K A N D BONDS—
D a te .
M a tu r ity .
C om m on, $15,000,000 ( $ 1 0 0 ) . ---- $15,000,000
1st pf$2,000,000 6% cu m ($ 1 0 0 )-----2,000,000
See text
2d pf$10,000.000 4% n-c($100) . . . .
10,000,000
5 g A-O
1st ft ref mtge $30,000,000 g l 1914
9,900.000 A .pr ______
1 1951
See text sinking fun d — c * /I n t . at Fldielity T r. C o ., Phila., Trustee.
D eb en tu res__________________ _____
..................
634.419 ..............
Bluo Ridge Elec 1st M l 1910
_
_____
____
____
_
5. J-J
1,100,000 See text
$1,370,000 g ($500)_____ c * /I n t . at Colum bia Trust C o., Trustee.
Savannah Riv Row C o 1st M . 1911 5 A-O
200,000 O ct 1 1921
Refdlng mtge $2,500,000 - - 1911 6 A-O
350,000 Oct 1 1941
Atlan W at & El P 1st M l 1903 5 J-J
1,346,000 Jan 1 1943
(closed) g ($ 1 ,0 0 0 )..c * c p t /I n t . at Colum bia Trust C o., N . Y ., Trustee
Gainesville R y . & P . M .l 1909 6 g J-J
130,500 Jan 1 1930
$150,000 ($500)-------- c*tf\ in t. at Cent. Ilk. A T r, C orp ., Atlanta, Trus.
cilock .— After the 2d prof, and com m on stocks have both received 4%
per annum l’or 3 successive years, the 2d pref. stock becomes com . stock.
B o n d s .— O f tho $30,000,000 lst& ref. mtge. bonds, $3,017,000aroreserved
to retire prior liens, and balance is for future additions, & c., under pro­
tective restrictions. Subject to call at 102)4 and int. on April 1 1919 to
1923. and thereafter at 105 and int. after 56 days’ notice. Bonds are
callablo for sinking fund at samo rates and dates. Annual sinking fund
payments aro as follows: 1919 to 1924, $75,000; 1925 to 1928. $100 000:
1929 to 1953. S i25,000. Coupon bonds $1,000 or £205 15s 3d. Tand $500
or £102 17s. 7d. The Bluo Ridge Electric C om pany First Mortcraeo

necessary funds
See V. ill, p. 1383. ' C olom bia Trust*'C oP 'ls' tnlstee
o f both Savannah River Power C o. Issues. The Atlanta W ater A Elec.
J p'v/ l)0,ntls arP sul>j•to call at 105. Tho issue was originally for $1,500,000
closccl at $1,400,000. Sinking fund Jan. I 190.8 to Jan. 1 1917
\r i Ao '0 , r r aL1Jlu% L t,.10ruafter until m aturity, $10,000 per aim. See
v - 102. p . 1540. $54,000 in sink. fd . Tho Gainesville R y. & P ow . bonds
aro callable at 105.
D iv id e n d s . — An initial d iv. o f $4 70 per share was paid Jan. 20 1913 on the
1st pref. stock, covering the 9 2-5 m onths since it was issued (M arch 1912).
N one since.
R E P O R T .— O f com bined properties (1915 report in V . 102, p . 1157):
C a le n d a r
Y ear—

G ro ss
E a r n in g s .

N e t (a fte r
T a x e s ).

O ther
In com e.

I n t . , R en ta ls ,
S k . F d s ., A c .

B a la n c e ,
S u r p lu s .

191 5 ................... $6,507,657 $2,795,576
$75,340 $2,378,742 $492,174
1 9 1 4 ................... 6.341,184 2,583.110
166,466 2,209,206
540^70
P R O P E R T Y .— Total mtlos single track, 237,903. Standard gauge.
70, 80 and 90-lb. rails. Owns water power sites in Northeastern Georgia
capable o f an ultimato developm ent o f over 346,000 h .p . A t Tallulah Falls
develops 80,000 h .p ., with transmission lines to Atlanta. 90 miles distant
Transmission and distributing lines aggregate 571.5 inilos. T ho interurban
lino from Atlanta to Stone M ountain was com plotod in N ov . 1913. Tho
hydro-olectric plant at Tallulah Falls was placod in operation April 1 1914.
O F F IC E R S .— Cliair. o f Board, II. M . Atkinson; Pros., P. S. Arkwright:
V .-P . A Gen. M g r., G . W . Urine; V .-P ., Oper. M g r., A S ec., W . II. Glenn:
Asst. Sec., Paul D . R eid; Treas., I. S. M itchell Jr.; A ud .. H . Flynn, all o f
A tlanta.— V . 97. p . 1504, 1822; V. 98. p. 689. 757, 1459, 1536, 1694; V. 100.
p. 555, 733, 807; V. 102, p. 885, 975; V. 103, p . 144.
(1 )

G e o r g ia

R a ilw a y & E le c tr ic C o .

L e a s e . — On Jan. 30 1912 the stockholders o f the Georgia R y . A E le c C o
approved the 999-year lease rrom Jan. 1 1912 to tho Georgia R y. A Power
C o ., which provides that the latter com pany guarantee all tho fixed charges
and dlvs. on pref. stock and dlvs. o f 8 % on com . stock, tho holder o f each

Northern R y . are not included in tho promises domisod under the hfa^n
but tho lessor assigned and transferred to the lessee, for and during Hie term
o f tho leaso, tho income arising from any and all o f tho said sharps* 110 tenn

for the greater part perpetual; others 50 years from"AugustTTsOQ r° Crlmf
prises tho street rallwav electric-light, gas power and steam-heating
interests o f Atlanta and Fulton C ounty, ifsos power supplied bv the
Atlanta W ater & Electric Power C o. from the latter’s plant at Bull
Sluice on tho Chattahoochee River, 15 miles from Atlanta— see V 70 n
153. 2149
By terms o f the ordinance permitting consolidation tlin m m '
pany paid tho city o f Atlanta $50,000 in cash, and agreed to nav a tax°on
gross receipts o f 1% for first 3 years, 2 % for the n o x t 20 y Z and W

S S U ttffi SSZSF*

ch-

"•’« «

In Juno 1903 acquired the entire capital stock f$(i00 000
n™r
S1
’625 com .) o f the Atlanta Gas Light C o ., com prising tho gas business
o f Atlanta and vicinity, by exchange o f stock, $ for $. V. 76 n 1406
The gas com pany, however maintains a separate organization. Also owns
entire capital stock o f tho Atlanta N orthern R y.
D a te .
S T O C K A N D B O N D S—
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on ($100)......................
Q-F
$8,514,600
See text
Preferred 5 % non-cumulative
5 Q-J
2.400,000
See text
„ *2,400,000 (par $100).........
R ef A imp m tge $20,000,000 1909
5 g J-J
3.809.000 Jan l 1949
C o ,..B o s to n . Trustee:
First_ cons mtge i l l . 000,0001 1902 Arn'
5 geiV
J-J;rrus‘ 5.835,000

tEai T rJlst 0 o ,< „N - Y ., Trustee.
Atl Cons St R y 1st consM $2,-1 ,oen
600,000 g ($ l ,d 0 0 each }-1 c’* {ln t . payable in N . Y . at°N ?’^ T r u s T c o *and
M erc. T r. A D ep. C o. o f B alt., Trustee
Georgia Elec Light C o 1st M l 1900
5 g J-J _
1,350.000 July 1 1930
$2,000,000, g old ,su b ject to{Interest at Old C olony Trust C o Boston
call at 105_____________
105______________ cc* l Trustee.
*
Atlanta
Coo, 1st M [ 1897
Janta Gas-Light C
5 g J -I
________
1.150,000 _____
Juno 1 1947
$1,150,000, g ($ 1 ,0 0 0 )._c*(interest at New York
u .« Trust (5o.,~Trustee^or
O o „ m—
—
Bank o f Scotland, London, Eng.
B on d s.
O f tho $11,000,000 Georgia Railway
Electric C om pany bonds
closed m tge.) o f 1902, $3,525,000 aro reserved to retire underlying liens.




f?i0? 5 6 ^ ’ 09' 6 % ;in 10. 6 )4 % ; in 1 9 1 1 ,8 % ; in 1912, F eb ., 2 % ; M a y , 2 % .
U f f A » M i M c a no''rr
under lease (see a b o v e ).
uni n
*?, repo/ t o f Georgia R y . A Power C o . abov e,
oh i
h
'
207. 74 miles o f track (single-track basis). 70, 80 and
9°OFFTr'Pn<jJ
46
T i ^ Seii ? er
2Tli0t,h er cars- 2 power stations.
° F F I C E R 8-— P res.. Frank E . B lock; V .-P ., T.. K . Glenn; Sec. & T reas.,
7 3 3 . ' W ight’— V ’ 97, p ’ 521: v * 98. p . 304, 386; V . 99, p . 1528; V . 100, p .
( ?im \ t !?rn7t ?TNrnrMher5 R a ilw a y C o — A trolley road.
O R G A N IZ A T IO N .— Entire stock is owned by the Georgia R ailw ay A
Electric C o ., which guarantees the bonds.
y «
Q ^ X ° « in n A™ P R O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
-----------xin nnnn
Stock, $100,000---------------------- --------5 g J-J
400 ^ 0 0 J u ly 'I " 1954
Firstm ortgage $400,000 guarl 1904
($500 and $1,000) g o l d ..c * /I n t , at Old C olon y T r. C o .. Boston, Trustee.
B o n d s .— Are guar., p. & L , by end., b y the Ga. R y . & Elec. C o .
Are sub­
je ct to call on any int. date at 110 and int. A s in k , f u n d o f $5,000 per ann.
began in 1909; $42,000 bonds are held in sinking fund but not retired.
See V 79. p. 680.
E A R N IN G S .— For cal. year 1915. gross, $122,634; not, $27,277: Int. &
taxes, $31,748; deficit, $4,471. 1914, gross, $133,422; net, $30,970; Int. &
taxes, $30,869; surplus, $101.
R O A D .— Operates 18 milas o f track from Atlanta to M arietta. 15.2 miles,
, £ “, - are own0d and m ostly on private right o f way. Has arrangements
with G a. R y. & El. C o . for terminals and trackage rights into the city o f
Atlanta. Standard gauge; 7 cars. C om m enced operation July 17 1905.
— V . <9, p. 680.

ATLANTIC CITY, N. J.
A T L A N T IC C I T Y & S H O R E C O .
I Z A T I O N .— Incorporated In 1909 In Delaware. Owns 2,995 o f
.9 shares o f the Atlantic & Suburban R y . C o. stock and a m ajority
™ ! l SS
SOM llnCentK l Passenger R y. C o. ($40,000 bonds) and Atlantic
£ IsP owns all o f tho $591,100 outstanding-1st m tge.
bonds o f Atlantic & Suburban R y.

M a tu r ity .
q t « X ° «Si I,000,000------------------Komw!nnB O N D S~
D a te'
In terest.
O u ts ta n d in g .
Stock,
------------«qqs ri00
Coll trust $591.100..............t f 1910
4 % '"
591,’ l0 0
See text
lh e collateral trust 4s aro secured by $591,100 A tl. & Sub 1st m tge.
bonds and 2,995 out o f 3,000 shares o f stock o f that com pany, T h ey fall
due Feb. 1 1928 or Feb. 1 1940.
O F F IC E R S .— Pres., Harry E . K ohn; S ec., L . R . Isenthal; T reas..
I. L . Stone.
(1) A tla n t ic C ity & S h o re R R .— An electric road.
D e f a u l t — Receiver.— Int. due D oc. 1 1915 was defaulted, due largely to
lossos caused by jitney buses. Judge Clarence L . Cole was appointed re­
ceiver. T he following bondholders’ com m ittee was organized: Geo. Burn­
ham J r., Harry C . Francis, Frank H . Bachm an, Tiighm an Johnson and
John M cllhen ny. V . 101. p. 1884.
O R G A N IZ A T IO N .— Incorporated in N ew Jersey O ct. 21 1905 with a
perpetual charter. Leases Atlantic C ity & Ocean C ity R R .— see terms
below— and owns $218,500 o f tho com m on stock o f the Atlantic C ity &
Ocean C ity C o m p a n y , which holds all tho stock and bonds or the Atlantic
C itv & Ocean C ity ItR . V .8 5 . p. 158. C ent. Pass. R y . Is operated under
traffic agreement.
C o n tr a c t w ith W e st J e r s e y A S ea S h o re R R .— An agreement has been
entered into with the West Jersey & Sea Shore R R . b y which the
Atlantic A vo. line o f the latter road, running from Atlantic C ity to Longport. 844 miles, is operated b y this com pany. T ho West Jersey & Sea
Shore R R . has an option to purchase until M ay 1 1918 a m ajority of
the Atlantic C ity & Shore R R . stock. V. 85, p. 158.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock, $1,000,000 ($100)................................... ..
$1,000,000 .....................
1st mtge & coll trust deed! 1905
5 g J-D
950,000 D ec 1 1945
$1,000,000 ($1,000) g . c * t f j I n t . at Girard Trust C o ., Phila., Trustee.
B o n d s . — N o sinking fund, but can be called at any time at 110 and Int.
R O A D .— Operates 47.45 miles o f track In and around Atlantic C ity , in­
cluding a road through Pleasantville, Linwood and Somers Point, to Ocean
C ity , the latter two points being connected by 2 miles o f trestle and bridge
owned by the Atlantic C ity & Ocean C ity R R .
E A R N IN G S .— For cal. year 1915. gross, $452,678; deficit after deduct­
ing taxes, rentals, and int., $60,128. In 1914, gross, $632,728; net, after
taxes and rentals, $66,392; int., $47,500; surplus. $18,892.
O F F IC E R S .— Pres., I. H . Silverman; V .-P s., Charles Evans and n . C .
Francis; Sec., J. M . Campbell; Treas., I. L. Stone; Gen. S upt., A . J. Purinton .— V. 85, p . 158: V . 86, p. 1099; V . 88, p . 685; V .90, p. 1424; V . 101, p .
1806, 1884.
(a) A tla n t ic C ity & O ce a n C ity C o m p a n y .
--<4
T he Atlantic C ity & Ocean C ity C o m p a n y was organized in Delaware
and owns tho entire ($180,000) stock and all the ($180,000) bonds o f the
A tlantic C ity & Ocean C ity R R ., and has pledged them as security for the
collateral trust bonds below. O f the com m on stock o f the Atlantic C ity A
Ocean C ity C o m p a n y , $218,500 is owned by tho A tl. C ity A Shore R R . T he
latter leases the A tl. C ity A Ocean C ity R R . for 999 years, tho rental be­
ing $19,500 per annum, and an additional contingent sum equal to 33 1-3%
o f the not surplus, but not to exceed $25,000 per annum.
STOCK AN D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y ,
C om m on, $350,000.................. .. .............................
$220,000 __ .
Pref 5 % non-cum $250.000......................................
175,000 . .
Collateral trust gold $500,-1 1907
5 M -S
350,000 M ar 1 1947
000 redeemable 110 & int t f (Girard Trust C o .. Philadelphia. Trustee.
S to c k . — The pref. stock Is redeemable at par.
R O A D .— The Atlantic C ity A Ocean C ity R R . owns 2.61 miles o f road
from Somers Point, across Great Egg Harbor B ay, on bridge and trestles,
to Ocean C ity . Rails, 85 lbs. V . 85, p. 158; V . 87. p. 165.
O F F IC E R S .— Pres., Penrose Fleisher; S ec., J . M . Cam pbell; T rea s..
Irvin L . Stone.
(2) A tla n tic & S u b u rb a n R y.
O R G A N IZ A T IO N .— Incorporated in N ew Jersey D e c. 7 1908 as a re­
organization o f the Atlantic C ity A Suburban T raction C o ., sold under fore­
closure o f 1st m tge. V. 87, p. 1237, 1532.
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, $750,000 ($50)...................... ..
..............
$150,000 ............
First
m ortgage,
$650,0001 1909
4 g F-A
591,100 Aug 1 1929
($ 1 ,0 0 0 )---------------------c * t f JInt. at Cam bridge T r. C o ., Chester, P a., T r.
Prior lien M , $100,000, g u a r l ____
5%
100,000 F eb 1 1925
p & 1, by A O & S C o
tf l
B o n d s . — Bonds have no sinking fund.
V . 87, p. 1237.
E A R N IN G S .— For calendar year 1915. gross, $80,197; net, $21,069;
othor incom o, $3,132: taxes & int., $34,875; deficit, $10,674. In 1914.
gross, $84,989: net, $21,483; other incom o, $3,289; taxes & in t., $34,791;
d eficit, $10,019.
R O A D .— Operates 16.13 miles o f track from Atlantic C ity to Pleasantvillo, Somers Point and A bsecon. Standard gauge, 80-lb. T rail.
O F F IC E R S .— Pres.. Harry E. Kohn; Sec., J. M . Cam pbell: Treas..
Irvin L . Stone.— V . 87. p. 1299, 1532; V. 88, p. 881; V . 90, p. 1424.

AUGUSTA, GA.
A U G U S T A -A IK E N R Y . & ELEC. C O R P O R A T IO N .
O R G A N IZ A T IO N .— Chartered in M arch 1906 under laws o f South
Carolina as Augusta A Colum bia R y . C o .; name changed to above in April
1911 and Is a consolidation o f the following com panies:
Augusta-Aiken R y. A E lec. C o .
Augusta R y . A E lec. C o.
Augusta A Aiken R y . C o .
| N orth Augusta E lec. & Im pt. C o

Owns and operates entire railway systems o f A ugusta, G a ., and N orth
A ugusta, S. C ., and a line from Augusta to Aiken, 8 . O . Also furnishes
entire electric light and power service in Augusta.and its su bu rbsan d owns
valuable real estate In central part o f Augusta. Rallway /ranchise ln
Augusta expires 1939; electric-lighting f r a n c h is e runs until 1939 or longer.
Intorurban division Is on private right o f way. V . 92, p . 1177. A lso owns
all securities o f N orth Augusta Hotel C o. (owner o f Ham pton Terrace
H otel), and 99% o f securities or N orth Augusta Land C o. Likewise owns
the $500,000 com . stock o f Georgla-Carollna P ow . C o ., incorp. in So. C aro,
to construct the hydro-olec. plant on Savannah R iver, which was placed in
operation F eb. 6 1914 with an Initial Installation o f 14.000 h. p .. ultimato
capacity about 28,000 h. p. Operation o f this plant was taken over b y the
Augusta-Alken R y . & E l. C orp. on July 1 1914. T h e com pany guarantees
prin. and int. and sink, fund on the G a.-C arolina P ow . c » .^ s t
5s.
On Juno 23 1915 the stockholders authorized an Increase In the 6 % cum .
pref. stock from $1,500,000 to $2,250,000, the now stock being Issued in
exchange for the $750,000 pref. stock o f the Georg a-CarolIna Invest C o .
(a holding co. form erly controlling the G a.-C aro. Pow er C o .), which has
been dissolved. V . 100. p. 1830; V . 101, p . 283.
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on $2,250,000 ($ 1 0 0 )....................................
$2,250,000
. .. .. .
Q-M
2.250.000
See text.
Pref 6 % cu m $2,250,000 ( $ 1 0 0 ) ____
First m tg $7,500,000 goldl 1910 5 g J-D
3.269,000 D ec 1 1935
($ 1 .0 0 0 ).................. c*& r*tf ICentral Trust C o ., N ew Y ork , Trustee.
Augusta R y & E lec 1st M g 1900 5 g J-D
922,000 June 1 1940
$1,000,000 ($1,000) - c * n t f In t. at M er. T r. & D ep . C o ., B alt., Trustee.

S to ck . — Capital stock cannot be increased without assent o f three-fourths
o f stock o f both classes.
B o n d s . — O f the 1st & rer. bonds or 1910 reported outstanding, $1,470,000
are Series A 6s; $1,074,000 are Sorlos B , bearing 5 % and $1,850,000 are
Series B , bearing 6% , and $ 1 ,668,000 are Serios C 6s (V . 100, p . 738). R e­
m aining bonds m ay be issued at not exceeding 6% int. for add ns. im p ts..
& c. at 8 5% o f cost under certain restrictions. Serios A callable at 10J H .
others at 105. First and refunding M . contains sinking fund provisions
calling for paym ents o f $ 100,000 annually (to be used partly for betterments
and additions and partly for redem ption o f bonds, Series A bonds having
preference over other series) from 1915-1924 Inclusive, thereafter ranging
from 214% annually o f bonds ou t from August 1925-1930. in cl., to 4 H %
annually from A ug. 1945-1949, lncl. V . 91, p . 1332. $30,000 Ser. A bonds
have been retired.
E A R N IN G S .— For calendar years:
C a le n d a r
Y e a r __

G ro s s
E x p ..M a in .,
N et
O th er
E a r n in g s . T a x . , & c . E a r n in g s . I n c o m e .

B ond
B a l. f o r
I n t ., & c . D e p r .,A c

1915
$1 769,814 $686 630 $1,083,184 S10.018 $518,740 $574,462
l o l l : : : : : : : : i.8 2 i:o 7 o 713:737 1 : 107.333 15.674 513.683 609.324
P R O P E R T Y .— Operates street railway In Bakersfield. Operates power­
houses with 57,860 h . p . capacity. Operates 2,560 miles o f transmission.
& c., lines. Does gas business in Bakersfield, M erced and Selma, and
operates water works in Selma and M adera.
O F F IC E R S .— P res., W . G . K erckhoff; V .-P ., A. C . B alcb: Sec.. L . M .
Farnham: Troas. & C om p .. A . E . Poat; Gen. M g r. A . G . Y ishon.— V . 100.
p . 1753; V . 101, p . 218, 2149; V . 102, p . 801, 2343; V. 103, p. 321.

Ga00Oag°($5°00 anVyi.OO’O)00’- } 1912 5 J-J
2,817,000 July 1 1952
iruar
_______________c * t f Central Trust C o .. N ew Y ork , Trustee.
B o n d s .— O l the $7,500,000 1st m tge. bonds, $307,000 are In treasury.
$39,000 in sink. fd .. $967,000 are reserved to retire A ug. R y . & Elec, bonds
and balance is for additions, & c. S u b j. to call as a whole (or in part for sink,
BALTIMORE, MD.
fd .) at 105 and in t. on any int. day on 30 days’ notice. Interest is payable
at Redm ond & C o .. New Y ork . Sinking fund beginning in 1916 Provides
S treet r a ilw a y s o f B a ltim o r e p a y a p a r k ta x o f f r o m 1 % to 9 % o f g r o s s r e c e ip ts
fo r payment o f $25,000 per ann. 1st 5 years, increasing to $40,000. $50,000 f r o m lin e s w ith in C ity L i m it s , e x c e p t o n tu r n p ik e s a n d p r iv a te r ig h ts o f w a y , a n d
and $65,000 for each successive period o f 5 years until m aturity or b on d s. a r e r e q u ire d to p a v e b etw een tra ck s a n d tw o f e e t o n e a c h s id e .
V . 92. p. 1177. Augusta R y . & E lec, bonds can be called In 10, 20 or 30
years from date at 105 and Int. on 6 m onths’ notice; sinking fund Is H o f 1 %
beginning June 1 1905 for 15 years, 1 % for next 10 years and 2 % for remain­
U N IT E D R A IL W A Y S & E L E C T R IC C O . O F B A L T IM O R E .— Trolley
ing 10 years. $78,000 was held In sinking fund Sept. 1 1916
O R G A N IZ A T IO N .— Incorporated at Annapolis M arch 4 1899. C om ­
T he G a.-C aro. Pow. bonds are sub), to call as a whole, or in part for
sk. fd . at 105 and int. $67,000 are in treasury. Sk. fd . beginning with prises all the passenger railways In Baltimore C ity and Baltimore C ounty
1918 will be sufficient to retire all the bonds at m aturity. T h ey are guar., and lines extend Into Anne Arundel C ounty and Howard C ountv. Through
the presont and previous consolidations, embraces the following:
p ., 1. & s. f., b y A ug.-Aikon R y. & Elec. Corp. V . 95, p . 179.
D iv i d e n d s .— Initial dividend on preferred— 1 H % — paid D ec. 30 1911. Baltimore Catonsville & E lllcotts Central Railway C o.
same rate quarterly to and incl. June 1914. N one since.
G w ynn’s Falls Railway o f Baltimore
Mills Passenger R R .
C ity.
R E P O R T .— F or year ending D ec. 31 (1915 report in V. 103, p. 318):
Baltimore C ity Passenger R y . C o.
M aryland Traction.
C a l.
G ro s s
E xp. &
N et
B ond. A c .,
A u g .-A ik e n
B a l.,
Baltimore Consolidated R y . C o .
Pim lico & Pikesvllle R R .
Y e a r — R ee ls .
* T a x e s . E a r n in g s . I n t e r e s t .
P r e f. D iv s .
S u rp .
Baltimore & Curtis B ay R y.
1915 __ $732,990
$381,255 $351,735 $348,568
$3,167 Balt. Gardensville & Bolalr Elec. R y. Shore Line Electric R y .
1 9 1 4 . : : . 738,373
393,886
3 4 4 ,4 8 7 , 276,423 (3% )$45,000 23,064 Baltimore & Northern Elec R y . C o. W albrook Gwynn-Oak & Powhatan.
A ls o ow n s all th e s t o c k , a n d h o ld s a lease o f th e B a ltim o re Spa rrow s
L a te s t E a r n in g s . — 7 m onths ending July 31:
G ro s s .
N e t , a f t . T a x . O th er I n c . B d . , A c . , I n t .
B a la n c e .
P o in t & C h esap eak e R y . C o .
1916 ____$437,125
$206,443
$15,718
$204,296
sur.$17,865
A l l i e d C o m p a n y .— In Aug. 1906 the M aryland E le c .R y ., which had agreed
1915........... 384,194
184,375
13,231
203,677
def. 6,071
to provide funds for needed Improvements and acquisitions o f the Un ted
R O A D .— Owns and operates 53.2 miles o f track, o f which 28.92 miles R y & Elec. C o ., was consolidated with the B alt. & Annapolis Short Line,
are city lines and 24.28 miles Interurban between Augusta and Aiken, 60 thus form ing the M aryland Elec. R ys. See statement o f that co . below.
t o 100-lb. T rails. Standard gauge. Owns Lake View Park on Lake
P o w e r C o n tr a c t. — In F eb. 1911 entered into a 15-year contract with Penn­
Olmstead.
sylvania W ater & Power C o . for supplying power in conjunction with
O F F IC E R S .— Pres., F . Q . B rown; V .-P ., J . n . Pardee and J. K . Choate; United Railways C o . for operation o f cars. V . 92, p . 467.
Sec. and T reas., D , H . Thom as; M grs., J. G . W hite M g t. C orp.— V . 99,
F a v o ra b le T a x D e c i s io n .— On June 29 1909 the Court or Appeals o f M ary­
p . 814; V . 100, p . 228, 1830; V . 101, p. 283; V . 103, p . 318.
land held that the park tax o f 9 % on gross earnings o f lines within city
limits was intended to be In lieu o f all other taxes, and that no further tax
on the intangible property can be levied without express legislative author­
ity . T he easements In 14 miles o f turnpikes in annexed districts were held
AUSTIN, TEX.
to be taxable. V . 89, p. 44.
AUSTIN STREET R Y — A trolley road.
In April 1913 Judgo B ond in the C ity C ourt at Baltimore decided that the
O R G A N IZ A T IO N .— Incorporated in Texas on Jan. 3 1911 as successor
com pany must pay cost o f repaving streets between tracks and 2 ft. on
t o the Austin E lectric R y . F r a n c h is e expires In 1942.
either side. See V . 96, p. 1090. On A ug. 5 1913, the C ourt o f Appeals o f
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
M aryland reversed tho ruling and unanimously held that com pany s obli­
C om m on $750,000 ($100)........................................
$560,000
See text.
gation with respect to the track aroa was to repair and not to re-pavo. In
P ref $500,000 ($100) 6 % n -c.............. ................
250,000
See text.
F eb. 1916 tho samo court again hold that co . is required m erely to keep
First & ref m tg $1,500,0001 1911 5 g J-J
786,000 Jan 1 1936
gold ($ 1 ,0 0 0 )________ c * t f Jlnt. at Equitable Trust C o ., N . Y ., trustee
ItSIn J u n e f o i O h o M aryland C ourt o f Appeals, reversing the lower C ourt,
B o n d s . — $714,000 1st & ref. bonds are reserved for additions, & c.
They held that tho State Roads Commission cannot recover from the electric
are subject to call on any Int. date at 102H - Annual sinking fund o f 2 %
railway companies tho cost o f changing and re-locating tracks In building
o f bonds out began in 1915. V . 92. p. 185: V. 93. p . 1461.
the system o f State highways. V . 98. p . 1995.
D iv i d e n d s .— Prior to 1915 paid 6 % on pref. and 4 % on com m on stock.
In 1915 divs. were declared for first quarter only.
I n t e r e s t . O u ts ta n d in g . D i v . o r M a t .
STOCK A N D BONDS—
D a te .
..................$ 2 0 ,4 6 1 ,2 0 0 J u l y . ’ 16. 1%
E A R N IN G S .— F or cal. year 1915, gross, $240,177: net, $82,407; Int. and C om m on, $24,000,000 ($50)..............
4
J-D
23,000 Juno’ 16, 2 %
taxes, $51,554; sink, fu n d, $16,112; surplus, $14,741.
Pref, cu m , $14,000,000 (£■>6) - - - - ____
4 g J-D
13,977,000
1949
Inc m tge, g, $14,000,000, 1899
R O A D .— Operates 20.95 miles o f track. 55 and 72-lb. rails; 41 cars.
cu m , tax free, M aryland Payable at option o f co . after M arch 1 1949.
O F F IC E R S .— Pres., W . J. Jones: V .P . . F . II. W atrlss; S ec., A . L . K alT r C o , Trus ($ 1,0 00 )-C*tf Int. at Alex. Brown & Sons, Baltimore.
loch; Asst. S ec., G . P . Gannett, Augusta, M o.; T reas., E . P. W llm ot; A sst. 1st con m tge, g, $38,000,000 1899
4 g M -S
26,450,000 M ar 1 1949
T reas., G . E . M acom ber, Augusta, M e.— V . 92, p . 185: V . 93, p . 526,
($1,000); Continental T r Interest at A lex. Brown & Sons, Baltim ore.
1461. 1531.
________
_ ________
.
C o , Baltimore, T r u s ..c * t f
5 g J-D
3.920,000 June 1 1936
Incom e fdg bonds ($100, $500 1906
& $1,000), $3,920,0 0 0 -c n tf M aryland Trust C o .. Trustee.
AYER, MASS.
1916
5
F-A
2.750,000 F ob. 1 1921
G old notes, $2,750,000 ($1,­
LOWELL & FITCHBURG STREET R Y .— A trolley road.
000) red, all or part, at 101 In t. at A lex. Brown & Sons, Baltim ore,
In 1913 W . W . Sargent, President o f the Fitchburg & Leom inster Street
& int. on 30 d a y s n o tic o c* tf (Safe Deposit & T r. C o ., B a lt., Trustee.
R y ., and associates acquired control.
_
O R G A N IZ A T IO N .— Incorporated In M assachusetts in 1903.
U N D E R L Y IN G S E C U R IT IE S .
STOCK A N D BONDS—
D a te .
I n terest.
O u ts ta n d in g .
M a t u r it y .
Stock $752,000 ( $ 1 0 0 ) .. ................................ ........
$275,000 .............. ..
1889
5 M -N
1,500,000 N o v 1 1929
B a ltim o r e T r a c tio n — 1st ($1,­
First m tge (see text) gold? 1906
5 g J-J
275,000 Jan 1 1926
000) mtge; Trustee M ercan Interest at M erchants’-M echanlcs’ Bank.
($1,000) no sinking fu n d .. (S ubject to call at 105 and Interest.
tile T r & Deposit C o .c n t f Baltimore.
B o n d s . — First m tge. was originally for $1,000,000, but has been closed
5 g J-D
1.750.000 June 1 1942
N B D iv 1st ($1,000) 5s, g: 1892
at $275,000.
T ru sM erT r& D op C o.cn tf Int. at M erchants’-M echanlcs’ Bank, Balt.
E A R N IN G S .— F or year ending June 30 1915, net revenue (after taxes C ity A S u b u rb a n R y B on d s — 1892
5 g J-D
3,000,000 June 1 1922
o f $1,231), $16,315; raise, incom e, $1,553; interest. $13,750; surp., $4,118.
1st m tge, g ($ 1,000) ------ tf Int. at Alex. Brown & Sons, Baltimore.
R O A D .— Operates 14 miles between N orth Chelm sford, a suburb o f
Safe Deposit * Trust C o ., B alt., Trustee.
Low ell, and the village o f A yer, with a spur running from N orth Chelms­ L a k e R o la n d
1892
5 g M -S
1,000,000 Sept 1 1942
E lev a ted — 1st
fo r d to W estford: connects at N orth Chelmsford with B ay State St. R y .
consol
m ortgage,
gold Interest at A lex. Brown & Sons, Baltim ore.
and at A yer with Fitchburg & Leom inster St. R y , Has 7 passenger
Baltimore Trust C o ., Trustee.
($ 1 ,000) .................... c*&r tf
1892
5 g M -N
700,000 M a y 1 1932
cars, 1 snow plow and 2 other cars.
C e n tr a l R y — Consol m ortgago
O F F IC E R S .— Pres., W . W . Sargent; V .-P ., O . F Baker; Sec. & T reas.,
$700,000. gold ($ 1 ,000) n t f Int. at M erchants'-M echanlcs’ Bank. Balt.
M ercantile T r. & D ep . C o. o f B alt., Trustee.
R . N . W allis, all o f Fitchburg, M ass,
5 g M -S
600.000 M ar 1 1932
E xt and Imp 1st mtge, 1897
$600,000, g ($ 1 ,000) . n tf Baltimore Trust C o ., Baltimore, Trustee.
Int. at M erchants’-M echanlcs’ Bank, B alt.
BAKERSFIELD, CAL.

SAN JOAQUIN LIGHT & POWER CORP.
S tock . — T he preferred stock reported above as outstanding Is all that
O R G A N IZ A T IO N .— Incorporated In California In July 1910 as a consoli­ remains o f the original issue o f $14,000,000, the rest having been converted
dation o f the San Joaquin Light & Power C o ., the Power Transit & Light fnto income bonds. C om . stock listed on Baltimore and Philadelphia
C o . (Bakersfield) and the M erced Falls Gas & Electric C o. A bsorbed the Stock Exchanges. V . 96, p . 1631: V . 97, p . 667.
Selma W ater W orks, M adera W ater W orks, M adera L t. & Pow . C o ., Lem B o n d s . — O f the $38,000,000 o f 1st consol, bonds $29,450,000 havo been
m ore L t. & Power C orp. and Bakersfield Gas & E lec. L t. C o. F r a n c h is e s In
(o f which $3,000,000 are In treasury); $8,550,000 set aside to retire un­
cities are perpetual: outside o f cities, with tw o exceptions, extend beyond issued
securities. Incom e funding bonds are red. on any Int. date at par
1950. A bou t one-half the total length o f transmission lines is on priv­ derlying
and
accrued
All bonds are listed on Balt. Stock Exchange and the
ate right o f way. Operations extend into the seven principal counties o f the 1st Consol. 4sInt.
and $14,000,000 Incom e 4s are listed on tho Phil. Stock E xch.
San Joaquin V alley, a territory 195 miles long and 78 miles wide. Fur­ $8,000
Central R y . 1st cons. 5s are In U. R ys. & El. C o. s treasury.
nishes power to the M idland Counties Public Service C orp. (See that com ­
In Fob. 1916 issued $2,750,000 5 % 5-yr. notes to retire tho $ 5 0 0 ,0 0 0 B alt.
pany in V . 98. p. 1849) and M t. W hitney Pow er & E lec. C o ., successor Catonsville & E llicott’s M ills 1st M . 5s duo July 1 1916 and the $ 1 .000,000
to Tulare C ou n ty Power C o.
5
%
coll. tr. notes duo Juno 1 1916, called for paym ent M ar. 13 1916, and to
In Julv 1916 the Cal. R R . C om m . auth. the issue o f $666,500 additional
1st & ref. M . 6 % Ser. C bonds to reimburse the treasury for add’ns and provide for certain capital impts. during tho 5 years following. N o new
betterments. V . 103, p. 321. N ew ly auth. bonds not included in am ount m tge. can bo created upon present property during life o f notes without
giving notes equal security with bonds issued under such new m tge. V.
reported outstanding.
102, p. 523, 610.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
D I V ID E N D S .— Dividends o f H o f 1 % were paid in June 1899 and 2 H %
Com m on $15.000.000................................................ $11,000,000 .....................
in D ec. 1899, and 2 % each six months after that to and IncIucUng D ec. 1903,
P ref. $10,000,000($100)6% cum . . . .
Q-J 15
6,500,000
See text.
6,062,000 A ug 1 1950 on both tho incom e bonds and tho pref. stock, the paym ent on the stock
1st <& ref m tge $25,000,000 g 1910 5-6 F-A
($ 1 ,000) sink fu n d .c* icrtf E qult. T r. C o .. N . Y . , trus.; int. In N . Y . (but not on the bonds) being subject to a deduction o f U o f 1 % for taxes.
2.588.000 June 1 1945 N one thereafter until June 1911, coupons being funded. On Juno 1 1911
San Joaquin L & P C o 1st M 1905 5 J-D
paid 2 % on both incom e bonds and pref. stock and 2% has boon paid oacn
$3,000,000 s f ($ 1 .0 0 0 )..c * . Redeemable at 110 and interest.
6 months since. On com . 1st d lv.— 1 H % — paid M a y 1912; N o v ., 1 H % 92.000
1942
8an Joaquin Power C o ...................... 5%
96.000 June 1 1933 In 1913 and since, 4 % per annum.
Power Trans & Lt M $ 2.5 00 -( 1903 5 g J-D
000 gold ($1.000)_________/M ercantile Trust C o ., San Francisco, trustee
R O A D .— M iles o f track, 404.5; cars, 2.001: g a u g o .^ ft. 4 H inch^Bails.
Bakersfield
akersrieici & Kern Elec
Kiec u
Ry(„1901
y ; ipul _5
s ggJJ-J
-J
_47,000
'W ,uuu ju
July
iy 1
i 1931
iwoi
— »***«»
»hnnratlng sta$250,000 gold ($1,000) - .. /U n i o n Trust C o ., San Francisco, trustee.
70-lb. 1 and 9-in. and 124H -lb . girder. Capacity_or (4) generating staakersfleld Gas & E lec L t m t g ____ 6 F-A 15
12,000 Periodically tlons, 42,155 k .w .; capacity o f (5) sub-stations. 36.000 k .w .




R E P O R T for the year ondlng D ec. 31 1915 In V . 102, p . 1621.
1913.
1912.
1915.
1914.
Oar miles run................... 29.522,100 30,250.194 30,203.185 29,472,537
Revenuo passengers_____ 181,744,023 185,296,350 182,180,767 172,233,341
Transfers............................ 75,807,256 77.102,879 74,634,030 69,344,828
Gross earnings................... §9,028,144 $9,203,839 $9,046,492 $8,571,489
4,146,431
3.868.876
Operating expenses____
4,142,699
4,312,439
N et earnings...................$4,885,445
Other incom e__________
8,333

$4,891,400
24,721

$4,900,061
6,945

$4,702,613
6,515

Total Incom e............... $4,893,778
$4,916,121 $4,907,006 $4,708,128
D e d u c tio n s —
Fixed charges & t a x e s ..
$3,066,832 $3,030,327 $2,987,468 $3,004,415
D epreciation....................
410,548
469.395
530.226
428,574
37,950
37.950
37.950
38,056
Exting. disc, on s e cn rs ..
Incom e bond lncerest___
560,000
560,000
560,000
560.000
Com m on dividends___(4% )818,448 4% )818,448(4% )791.362 *(3)463,050
T otal deductions____ S4,893,778 $4,916,121 $4,907,006 $4,031,045
Balance, surplus_______
none.
N one
N one
$214,032
* D ividends paid during 1912 wore not specifically declared out o f earn­
ings for that year. They wore charged to profit and loss account but are
hero shown for the sake o f comparison.
O F F IC E R S .— Pres., William A . House; V .-P . & Gon. M g r., T hos. A .
Cross; Sec., William Early; Treas., J. T . Staub; A u d ., N . E. Stubbs.—
V . 99, p. 50, 122; V. 100, p. 982, 1350, 1433; \ . 102, p. 523, 610, 802, 1437,
1621: V. 103, p. 146.

(1) Baltimore Sparrows P oint

& Chesapeake Ry.

call at 10744 and Int. on any int. date on 60 days’ notice. In c. at M erril1
Trust C o .. Bangor; also at J. & W . Seligman Sc C o .. N . Y . Trustee o f
Bar n a rb or Elec. Light C o . bonds is Union Safe D eposit & Trust C o .,
Portland, M e . O f Bangor P ow . C o . 1st M . bonds. $750,000 Series A (all
ou t), bear Int. at 4 % to Sept. 1 1916; 444% to Sept. 1 1921 and 5 % thereH a750'000 auth- B nt., 5 % ) . $520,000 Issued
al*
Ing, and $1,230,000 reserved for extensions, betterm ents, & c..
at 8 5% o f cost o f same. SubJ. to call at 105 Sc int. on any int. date on 60
days notice. N o . s. f. B oth series gu ar., p . & L , b y B angor R y . Sc E l. C o .
P®r annli ra PaW on the o ld stock (all o f one class) from
9 ^ '\
9 n 5 x190T9 ’ ?£ ,e,n
% (quar.) was paid, which rate was con 1910; ^ In 1911. ?%• In 1911 stock was increased and new
P n tn stt
9 ? wbich \ H % has been paid quar. from Jan. 1912
1916m ° n com ,m o n Initial d iv. o f 44% was paid M a y 1 1914
and 44% has been paid quar. since to and incl. A ug. 1916.
R E P O R T .— For years ending Juno 30.
J u V j r0 ~
.Y e o r -

„

G r° s s

N e t (a ft e r

In terest.

P r e f. D iv .

B a la n c e .

E a r n in g s .
T a x es).
& c.
(7 % ).
S u r p lu s .
.........................S5&?’241
$211,409 $105,000
$52,632
.................... /80,504
405,397
211,518
105,000
88,879
1914-lu
- H O A D . Operates 65.91 miles o f track In Bangor and Brewer, M e ., and
, H am pden• to Orono to Old T ow n and to Charleston.
Rails, 48 to 90-lb. girder and T standard gauge. 53 pass, and 21 freight
5
[Vvnn*;! cars’ 7 snow-plows and 1 sprinkler. 3 hydro-electric plants
with 14,700 h. p. capacity and 2 steam stations developing 3,000 h. p.
O F F IC E R S .— Pres., E . O . R vder; V -P ., Frank Sillinvm Jr.; V .-P .&
Gen. M g r., E . M . Graham; Clerk Sc T reas., Howard C orning. Under
management o f E . W . Clark & C o .— V . 87, p. 1009: V . 89, p. 777- V . 92
p. 1374; V . 93, p. 468, 1724; V . 98, p. 1243, 1458; V . 103, p . 1031.

O R G A N IZ A T IO N .— In Jan. 1903 was leased for 999 years to the Un.
R ys. & Electric C o. o f Baltimore, which guarantees the bonds below , both
BARRE, VT.
'
as to principal and interest, and also owns all o f the stock. Soe V . 79, p.
2643. Has 33.562 m . o f single track. Including a line 22 miles long connecting
MONTPELIER & BARRE LIGHT & POWER CO.
Baltimore with the M aryland Steel Works at Sparrows’ Point, and extend­
O R G A N IZ A T IO N .— Incorp. In M ass, on N o v . 12 1912 and owns a co n ­
ing beyond along the shore o f Chesapeake B ay, where summer resorts have trolling
interest In the Barre Sc M ontpelier T rac. & Power C o . Also owns
boon established.
all the stock o f the Consolidated Lighting C o .. Vermont Power Sc L tg. C o ..
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C orry-D eavitt-F rost E lec. C o ., M o lly ’s Falls E lec. L t. & P . C o ., and
Stock. $2,000.000.......................................................
$400,000 ___________ ,W aterbury Light & Power C o.
First m tge., $2,000,000, gold 1903
4 K g F-A 2.000.000 Fob 11953
F a r e D e c i s i o n .— In N o v . 1914, the Verm ont Supreme C ourt held that the
($1,000) guaranteed, prin- Fidelity Trust C o .. Baltimore, Trustee.
com pany Is obliged to maintain a fare not to exceed 5 cents within the city
cipal and Interest------c * t f [Interest at Alex. Brown & Sons, Baltim ore. limits o f Barre and M ontpelier and give transfers so long as the franchise
R E P O R T .— Operations Included in United R ys. Sc E lec. V. 80, p . 221. Is in force. V . 99, p . 1528.
(2) Baltimore H alethorpe & Elkridge Ry.
STOCK A N D BONDS.
D a te .
I n t e r e s t . O u ts ta n d in g .
M a tu r ity .
O R G A N IZ A T IO N .— Incorp. on D ec.
261905 In M aryland. Stock, Com m on $1,000,000 ($100)........................... ...............$1,000,000 .......... .............
6%
l,3 3 5.60 0 J u ly’ 16,$1.50
$100,000; outstanding, $10,000. Has made a $300,000 m tg. (n tf) to Fidelity Pref $3,810,000 ($100) cu m ------------1914 5 %
340,000 Oct 1 1944
Trust C o. o f Baltim ore, trustee. 20-year 6 % bonds, prln. and in t., payable 1st refund m tge $2.500.000J
($100 Sc $1,000)— c*& r*tf lA m er. Trust C o ., Boston, Trustee.
at Alexander Brown & Sons, B alt.; not guar, by United Itys. & E l e c . C o .
N one out. Owns 2.964 miles o f road, which Is operated by United R ys. Sc Bai T S A S i 09 i F ^ rac ,8t M « f l 8 9 7
5 g M -N
100,000 N o v 1 1917
Elec. C o.— V . 87. p. 543.
$100,000 ($500 eacn), n o t /Int. at American T r. C o ., B oston, trustee,
subject to call__________ c* [
THE MARYLAND ELECTRIC RAILW AYS CO.
Consolidated Lighting C o .................. 6 J-J
542,000 Jan 1 1926
339,000 M ar 1 1927
O R G A N IZ A T IO N .— In 1906 the charter o f the M aryland E lec. R y . was Vermont Power & Ltg C o . . . ............ 5 M -S
115.000 M ar 1 1930
acquired by Interests friendly to the United R ys. & Elec, for the purposo. C orry-D eavitt-F rost E l C o . . .............. 6 M -S
among others, o f using that com pany to finance the needs o f the United Itys.
S to c k . — $2,500,000 p ref. stock Is reserved for conversion o f 1st re f
Sc Elec. C o. for additional property, and charter amended by Legislature In m tge. bonds.
1906 to adapt It to that purpose. In A ug. 1906 was consolidated with the
B o n d s . — T h e above bonds o f light and power com panies are assumed
Baltimore Sc Annapolis Snort Line, which latter line has since been electri­
y tho M ontpelier & Barre Light & Power C o . T ho 1st ref. bonds became
fied. The M aryland Electric R ys. then acquired car-barn sites, terminals. b
convertible at holders’ option into p ref. stock at par on M a r. 1 1916. As
S e e . , and Is erecting buildings, constructing extensions, purchasing equip­
m ent. & c., which Is leased to the United R y . Sc Electric C o. for an annual o f A ug. 31 1916 $25,000 had been so converted. R ed. as a whole at 105 and
rental o f 6 % upon the actual cost o f the property. A t m aturity o f the int. on any Int. date on 4 weeks’ notice. $999,000 bonds are reserved to
$8,000,000 bonds of The M aryland Elec. R y s., tho United obligates Itself rotiro underlying bonds; $300,000 reserved for the acquisition o f the W aterto purchase the property so leased at a sum sufficient to retire the bonds. I’ r1 LiSfct & Powor C o. and $836,000 for additions and improvem ents at
See plan in fuil in V. 83, p. 158. There Is no guaranty endorsed on bonds, 7 5% o f cost. $158,000 C onsol. L tg. C o. bonds and $61,000 Vermont P ow .
6
L tg. C o . bonds are held in sinking funds. There are not lncl. In amounts
but the terms are such that rental will be more than sufficient to pay Inter­ shown
outstanding.
est. Stock listed on Baltimore Stock Exchange In Feb. 1908.
D iv i d e n d s .— A d iv . o f $2 50 was paid on the pref. stock A pr. 1 1913.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
covering the 5 months from date o f organization on N o v . 12 1912 to April 12
;- v x
July'08. 1%
Stock. $1,200,000 ($50)......... - - - - 1913; $1 50 paid July 15 1913 and $1 50 quar. since to and incl. July 1916.
First m tge, $8,000,000, gold ! 1906 5 g A-O
4,489,000 Oct 1 1931
E A R N IN G S .— For fiscal year end. June 30 1916. gross. $377,237; net.
(SI 000). sinking fu n dc*tf)M erca n tile Tr. Sc D ep . C o ., B alt., Trustoo. after taxes. $211,376: int. and rent. $100,658; surplus, $110,718.
Baltimore & Annapolis firs t/ 1906
5 g F-A
1,000,000 Aug 1 1946
R O A D .— T h e Barre Sc M ontpelier T ra c. Sc Power C o . owns 9.75 miles
m ortgage, $1,000,000___t f/F k le lity Trust C o ., Baltimore, Trustee.
[Interest at Alex. Brown Sc Sons, Baltimore. or track between Barre Sc M ontpelier. 58-Ib. T rail. Gauge 4 ft. 844 In.
O F F IC E R S .— C h. o f B d . o f D irectors, C . H . T enney: P res., A . B . T e n ­
B o n d s . — A s in k in g fu n d o f 1 >4% on M aryland E lec. R y . 1st mtge. bonds
out began M ar. 30 1910. Bonds are redeemable at 110 and lnt. on any Int. ney; V .-P ., D . Edgar Manson: 2d V . P ., H . T . Sands: C lerk, H. P. W ood ;
date upon 90 days’ notice. Interest payable at office o f Alex. Brown & T reas., E . A . Bradley; Asst. Treas. and A u d ., II. A . G idney.— V . 97, p.668;
Sons. See V . 83. p. 818. 970.
V . 99, p. 1578; V . 100. p. 144, 313, 1082; V . 103. p . 1122.
D iv id e n d s . — First dividend (144% ) was paid In Jan. 1907 and 2 % was
paid July 1 1907. In 1908. Jan ., 1 % ; July, 1 % ; nono since.
R O A D .— Operates 25.3 miles o f track from Cliffords to Annapolis, which
BATON ROUGE, LA.
has boon converted to electricity. An extension known as tho St. Paul St.
BATON ROUGE ELECTRIC CO.
Boul. line was com pleted In 1907; It Is leased to United R ys. Sc Elec. C o.
O R G A N IZ A T IO N , Scc .— Organized In Louisiana; does entire electric
O F F IC E R S .— Pres., John W ilson Brown; V .-P . Sc Treas., J. N . Shannalian; Sec., Austin M cLanahan; Gen. M gr., C . D . Porter.— V . 85, p . 1577; railway, electric-lighting, power and gas business In Baton R ouge. R ail­
way franchise expires 1940; gas 1942, electric-lighting and power 1988.
V. 86, p . 337, 1159; V . 88, p. 686; V . 98, p. 1608, 1694, 1767.
V . 8 8 ,p .8 8 1 .
STOCK AN D BON DS.
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on, $500,000 ($100)---- -------------------$300,000 J u n e ’ 16,3%
BANGOR, ME.
P ref. $250,000 ($100) 6 % .........
J-D
200.000 June’ 1 6 ,3 %
B A N dO R RAILW AY & ELECTRIC CO.
1st m ortgage, $750,000, g o ld \
1909 5 F-A
5 1 1,500 Feb 119 3 9
O R G A N IZ A T IO N .— Incorp. Feb. 16 1905 In M aine and Is a consolida­
($500 and $1,000). _ .c * . t f /I n t. at Old C olon y Trust C o ., Boston .trustee
tion o f tho Bangor Orono & Old Tow n I ty ., Bangor Hampdon & W inter- G old coupon notes, $300,000.1
1915 6 A-O
150.000 A pr 11918
port R y ., Public W orks C o ., Old Tow n Electric C o ., Brewer W ater C o
($500 & $1.000).................... I
Int. at Old C olony T r. C o ., B ost., trustee.
and Ponobscot Water & Power C o. On Feb. 1 1907 purchased tho Bangor
S tock . — D iv . on pref. Is cumulative after June 1912.
Redeem able at 110.
Sc Northorn R R .
V. 82, p. 333. Owns tho entire capital stock o f the
B o n d s . — $7,000 bonds, not Incl. In amount outstanding, are in treasury o f
Bangor Power C o ., also tho ontiro capital stock, with tho oxcoptlon o f one
share, o f tho Bar Harbor & Union River Power C o ., and all the capital com pany; remaining bonds m ay be issued at net to exceed 8 0% o f cost o f
stock o f tho Orono W ater C o. Owns and operates without com petition tho additions and improvem ents. M a y bo called, In whole (or in part for sink,
electric railway linos in Bangor and Brewer and the lines connecting Bangor fund) at 105 and Int. on any Int. da y. Sinking fund o f 1% per ann. o f
bonds out began Fob. 1 1914. $13,500 canceled. T he 3 -year notes are
with Hampden. Orono, Old T ow n , Charleston and intermediate towns
Also tho ontiro electric lighting and powor.business o f Bangor, Old T o w n ' callable as a whole at par and int. on 30 days’ notice.
D iv id e n d s .— On p ref., 3 % s.-a. from D ec. 1911 to and incl. June 1916.
M ilford , O rono. Brower, Hampdon. Veazle, Kenduskoag and O rrlngton'
with tho exception o f the m u n id p a lllg h tn g In B a n gor and furnishes the Initial dividend o f 2 % on com m on paid D ec. 1915. In June 1916, 3 % .
E A R N IN G S .— For 12 months ending Juno 30:
water supply to Veazle, Old T ow n , Stillwater, M ilford, Groat W orks
Y ear—
G ro ss.
N e t .a f le r T a x e s . I n te r e s t.
S in k . F u n d S u r p lu s .
and Brower. In addition to the above, the com pany, through its controlled
$98,794
$29,604
$5,329
$63,861
com panies, does the entire electric lighting and power business In Ellsworth 1 91 5 - 16..............$203,812
180,955
70,132
20.765
4,461
44,906
and on M t. Desert Island. Also furnishes the water supply to Ellsworth 1914-15............ ..
R O A D .— Oporates 6.23 miles o f track in form o f a single belt through
and O rono.
,
„
„
.
Baton Rouge; 13 cars; standard gauge. Power station capacity. 1.500 k.w .
F r a n c h is e s . — F ran ch ise fo r a b o u t 8 m iles o f tra ck In B a n g o r e xp ire s In
O F F IC E R S .— Pros., Harry II. H unt: V .-P ., Edw. Godchaux; Sec..
1937; fra n ch ise co v e r in g o p e ra tio n o f 2 m iles o f tra ck in th e c it y o f Brower
Alvah K . T od d ; T roas., Henry B . Sawyer; Gen. M grs., Stone Sc W ebster
expires In 1940. A ll oth ers are p erpetu al.
M g t. Ass’ n; M g r., Donald Stewart.— V . 84, p . 506; V . 88. p. 881; V . 89.
S tr ik e . — A striko begun on A ug. 26 1916 to enforce recognition o f the
p. 720; V . 100, p . 1508; V . 101. p. 1806.
union was declared o ff on Sept. 9. The co. won out com pletely.
STO C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
$2,000,000 Aug ’ 16, 44%
C om m on, $2,000,000 ( $ 1 0 0 ) . . -----BEAUMONT, TEX.
Pref $1,500,000 7 % cum($100) - - - 7 QJ
’ -- ---------“
- 1 73
EASTERN TEXAS ELECTRIC CO.

000 ($500. $ 1 ,000) - -'

c * n tf (ln t . at Old p o l o n y T ru sT c'o T B o sto n . T r u f
Bar lia r Sc Un R Pow C o 1stf 1907
5 M -S
331,000 Sept I 1935
Sc ref.$2,000.000($1.000)c*jjC om inercial Trust C o. Phila.. Trustee.
Bar n a rb or Electric Light Co 1901
444 M -N
100,000 M a y 1 1921
$100,000 ($500)......... c . n t f t o t. f t ^ t l a n d N at B ank, Portland1. M e
Bangor Powor C o. 1st mtge. 1911
See text
1,270,000 Sept 1 1931
$2,500,000 ($ 1,0 00 )___c * t f t o t. *t Union Trust C o. N . Y ., Trustee
Orono W ater C o, first mort­ 1905
444 J-J
60.000 July 1 1925
gage. gold, not subject to to t. r i K M
(^ e>)
B ank. Union
can ($500)_____ j ___ c * n t f
Safe Dep.& T r. C o.,P ortla n d , M e .. Trus.
B o n d s .— T he first consol, bonds are subject to call on 60 days’ notice at
10744 Sc Int. on any int. date. In t. at office o f trustee, N . Y . or Eastern
Trust Sc B kg. C o ., Bangor. See particulars, bonds, property &c
V
87, p. 1009. T ho Public W orks C o. bonds are not subject to call’; V .
80, p. 2456. $1,000 not reported outstanding owned by Bangor R y . Sc
Elec. C o. $976,000 Bar Harbor & Union River Power C o. bonds have
been Issuod, o f which $629,000 are deposited under Bangor R y . & EIoc.
1st cons. M ., $16,000 are owned b y that com pany and $331,000 In hands o f
public. O f the remainder, $100,000 are reserved to retire Bar Harbor
Electric Light bonds and $924,000 for extensions, & c., at 8 5% o f cost o f
same. T hey are guar., p . Sc 1., b y Bangor R y . Sc E lec. C o. and are subject to




O R G A N IZ A T IO N .— Incorp. In M aine In D ec. 1911 and owns the stocks
and bonds o f tho Beaumont Electric Light Sc Power C o ., P ort Arthur Light
& Power C o . and P ort Arthur Ice Sc Refrigerating C o ., which d o the entire
electric-lighting and power business In Beaumont and P ort Arthur and the
lce-manufacturlng and refrigerating business in the latter c ity , and also o f
the Jefferson C ounty T raction C o ., which In D ec. 1913 com pleted an Inter­
urban electric railway between Beaumont and Port Arthur, a distance o f 20
miles. A lso owns the $600,000 stock and $300,000 o f the $600,000 bonds
o f the Beaum ont Traction C o ., doing the entire electric railway business In
Beaum ont. V . 96, p . 1629. Light and power f r a n c h is e s in Beaumont
oxplro in 1963; In P ort Arthur In 1943: railway fr a n c h is e in Beaumont ex­
pires In 1961. T ho interurban railway Is chiefly on private right-of-w ay.
The notes due D ec. 1 1918 were issued to retire a like am ount o f 3-year
6 % notes due July 1 1916, but called for paym ent Jan. 1 1916. V .101.p .1972.
STO C K S A N D B O N D S .
D a te .
In terest.
O u ts ta n d in g .
M a t u r it u .
C om m on. *2.000*000 ($100)........................................$1,400,000 J u l y ’ 16.2%
P ref cum *2.000.000 ($ 1 0 0 )..
6 % J-J
1,400.000 July ’ 16.3%
1st m ortgage collateral trust 1912
5 g M -N
1.040,000 N o v 1 1942
gold($500& $1.000)c*A r tf Int. at State St. T r . C o ., B oston, trustee.
C oupon notes $500,000 gold 1915
6 g J-D
500,000 D ec. 1 1918
($100. $500 Sc * 1,000)c*. t f Int. at State St. T r . C o ., B oston, trustee.
Beaumont T raction 1st M
1903
5
300.000
1943
_________
$600,000 (call, at 105)- - t f Int.
at Interstate T r. & B ank. C o ., Trustee.
S tock . — Pref. stock Is callable
‘ at 110. $50,000 in treasury (In addition
to am ount shown a bov e).

O F F IC E R S .— Pros., F . L . Fuller; V .-P ., R . W . D ay: V .-P . & Gen. M g r..
D iv i d e n d s . — 6 % is being paid on the pref. stock.
Initial d iv. on com . i
C . S. Banghart; Sec., W . H. Hecox; T reas., E. M . W hite. O ffice, Bing­
— 2 % — paid July 1916.
_____ , ^
ham
ton, N . Y .— V. 93, p. 665, 1190, 1785; V. 94, p. 205. 349, 1117; V. 95.
B o n d s . —'Authorized am ount o f bonds not lim ited.
$160,000 In treasury
In addition to am ount outstanding as abov e. Additional bonds m ay be p. 360; V. 98, p. 522, 837; V. 99, p. 269: V. 100, p. 980.
Issued for 7 5% o f cost o f acquisitions, im pts., add'ns, & c., under certain
restrictions. Callable as a whole (or in part for sk. fd .) at 105 and int.
BIRMINGHAM, ALA.
Sink. fd . 1% yearly o f bonds out, begin. N o v . 1 1917. C ou p , bonds in deB IR M IN G H A M R Y . L IG H T & P O W E R .
nom . o f $1,000 and $500 and reg. bonds o f $5,000 and multiples. V . 95,
Controlled
by
the
American
Citios C o. (see under “ New Orleans ) , which
p . 1745. T he 3-year cou p, notes are red. at 100 & int. on 30 days notice.
owns 89.11% o f the com m on and 79.16% o f tho preferred stock.
E A R N IN G S .— For 12 m os. ending Juno 30:
„
,
O R G A N IZ A T IO N .— Consolidation on June 13 1901 o f the Birmingham
Y ear—
G ro ss.
E x p .& T a x .
N et.
In terest.
S u r p lu s .
Gas C o ., the Consolidated Electric Light C o. and the Birmingham R y .,
1915-16................ ........ $790,638 $413,726 $376,912 $106,072 $270,840
Light & Power C o. Owns and operates the greater part o f the streot rail­
1914-15.................... .. 672,518
385,290 287,228
104,567
182.661 way, gas and electric-light and power business o f Birmingham and all the
P R O P E R T Y A N D P L A N T S .— Com bined capacity o f power stations principal near-by cities and towns. F r a n ch is e s covering gas, electric-light
at Beaumont and Port Arthur, 5,700 k.w .; power is also supplied to Port and power business and street railway lines aro, with some unimportant ex­
A rthur Trac. C o. C apacity o f ice plant at Port Arthur, 75 tons per day. ceptions, stated to be perpetual. Owns and operates a steam-heating plant
M iles o f equivalent single track, 29.83: trackage, 2.63, standard gauge; in Birmingham. Has a contract with the Alabama Power C o. by which the
32 pass, anti 3 other cars. T he 20-m ilo electric railway between Beaumont latter furnishes electricity for operating the railways and also for light and
power service In Birmingham. V. 98. p. 1691.
.
and P ort Arthur was form ally opened on D ec. 15 1913. V. 97, p . 1822.
C o n s o l i d a t io n . — Seo Birmingham Ensley & Bessemer R R ., immediately
O E E IC E R S.— Pres., Marshall M . Phinney; Sec., C . M . Clark: T reas.,
H . B . Sawyer. Gen. M grs., Stone & W ebster M g t. Assn.: M g r., Edwin bolow .
In terest.
O u ts ta n d in g .
M a t u r it y .
D a te .
STOCK A N D BON DS—
J. Emerson.— V . 94. p. 1766: V. 95, p. 1210, 1745: V . 96, p. 1627, 1629:
J-D
$3,900,000
See text
C om m on ($100), $3,900,000V . 97, p . 49, 1822; V. 101, p . 1972: V . 102, p. 251, 1811, 2254.
J-D
3,500.000
Seo text
Pref($100) ,$3,900,000 6 % c u m ____
5 g J-J
885,000 July 2 1924
Birmingham Ry & El 1st M g f 1894
*1,250,000 ($1.000)____ c* 'Int. at Central Trust C o ., N. Y . Birming­
, BENTON HARBOR, MICH.
ham T r. & Sav. C o ., Birmingham , Trus.
N o t s u b je c t to c a ll.
BENTON HARBOR-ST. JOE RAILW AY & LIGHT CO.
Gen M . ref, $10,000,000,/ 1904
444 g A-O 8,720.000 April 1 1954
O R G A N IZ A T IO N .— Incorporated in M ichigan in Jan. 1906 and is a con­
gold ($1,000)___________ c * {I n t . at Coramerclal-Gormania’l r. & S av .B k .,
1 New O rl., T ru s., or at N . Y . T r. C o ., N .Y .
solidation o f the Benton Harbor & St. Joseph E lectric R y . & Light C o.
R ef & exten M $25,000,000/ 1907
6 g M -N
4,381,000 M ay 1 1957
and the St. Joseph River T raction C o.
($1,000) gold sink, ftin d .c*) Interest at Old C olony Trust C o ., Boston.
STOCK A N D B O N DS.
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
N
o
t
s
u
b
je
ct
to
c
a
ll.
I
Trustee,
and
N
.
Y
.
agency o f com pany.
C om m on ($100)--------------------- --------- - - - - -----$800,000 ------------------1.195.000 M ay 1 1917
Preferred, $400,000 (5100)................
6 P-A
400.000
See text 2-year notes $2,000,000 ( $ l.- f 1915 6 M -N
0 00 )____ ________________ c * )I n t . at Union Trust C o ., Now York.
R efund mtge *2.500.000 g o ld / 1909 5 g M -N
410,000 June
1935
B o n d s .— O f the new $25,000,000 bonds, $9,605,000 are reserved for prior
($500 and $1,000)_______ clln tores t at Columbia T r. C o ., Louisv.,trust.
liens, $1,200,000 for the cost o f new power house if first lien on sam e, ana
1st cons M . $1,000.000, g o ld / 1906 5 g M -N
825.000 N ov 11935
($500 and $1.000)_______ c l l m . at Colum bia T r. C o .. Louisv.. trustee. $9,811,000 for 80% o f the cost o f additions if tho net earnings are 1 44
140,000 Sept 1 192a times tho Int. on all bonds outstanding, incl. those to be issued, and provided
B II & S J El R y & L 1st M ,l 1900 5 g M-S
10% o f gross earnings have been expended for maintenance within previous
$ 2 0 0 , 0 0 0 . g o l d ( $ 1 . 0 0 0 ) ____t i n t a t A m T r & S a v . B a n k C h i c . , t r u s t e e
12 months. T he directors may make the rate o f int on succeeding Install­
B o n d s . — O f tho $1,000,000 1st consolidated bonds, $140,000 are re­
served to retire prior liens.
They are subject to call on any int. day at ments not to exceed 6 % . Sinking fund o f 44 o f 1% of bonds out commences
105. The bds. o f the old co . after 1910 have a sk. fd . o f $10,000 per ann. Sept. I 1918. Bonds purchased to bo held alive and int. thereon re-invested.
but bonds cannot bo called. See V. 71, p. 1268: V. 72, p. 282. O f the ref. For details o f bonds, property, & c.. seo V. 87, p. 1603. O f the gen M . of
1904, no more bonds can bo Issued. Sinking fund o f 44 o f 1% o f bonds out
bonds, $1,000,000 are reserved for prior liens.
begins Aug. 1 1924. T he bonds aro s u b . to ca ll at 105 & int. on any Int.
D iv id e n d s . — Pref. divs. at rate o f 6 % per annum are being paid.
day
on 60 days' notice.
For 1st 5s o f 1894 $12,500 per ann. is pay. Into
E A R N IN G S .— For year ending Juno 30 1916, gross, $422,097: net, after
taxes, $102,890; other incom o, $7,083; interest, rents, & c., $79,914; pref. a s in k , f d .: $365,000 have been cancolod. The 2-year notes aro red. at
1
0
0
'A and int.
Remaining
notes aro resorved for extensions, im pts., &c.
d ivs., $24,000; surplus, $6,059.
V . 100. p. 1591.
R O A D .— Operates 10.36 miles o f single track in St. Joseph and Benton
D iv i d e n d s . — First dlv. on pref. stock, o f 3 % , paid In Jan. 1902, and 3 %
H arbor, with extensions o f 25 miles through Eau Claire to Dowagiac and was paid s.-a. thereafter to and inch D oc. 1914; in Juno 1915, nono; D oc.,
11.33 miles to W atorvliet; also operates 4.73 miles second track, 5.7 miles 3 % . In Juno 1916, 3 % and 1% on acct. o f arrears. On com . stock In
sidings, & c., and 3 miles o f leased line, making total mileage operated, 60.12 1903. 3 % ; In 19J4, 4 % : in 19 j 5, 4 % ; in 1906, 5 % : in 1907 and 1908, nono;
miles. 60, 70 and 73-lb. girder and T rails. 44 passenger and 34 other cars. 1909. 2 % : 1910, 5 % : 1911, 7 % ; 1912, 8 % ; 1913 & 1914, 6 % ; none since.
R E P O R T .— For calendar years:
O F F IC E R S .— Pres., O . IC. M inary. Benton Harbor, M ich .; V .-P ., Hen
I n te r e s t a n d
S u r p .,fo r
G ross
N e t a fte r
nlng Chambers, Louisville, K y .; Sec., L. W . B otts, Louisville.— V.82,p.333.
O th . d e d u c tio n s , r e n e w . ,& c .
Y ear—
E a rn s.
T a xes.
$789,697
$231,002
S l.020.699
1 9 1 5 .......................... $2,987,251
730.791
594.430
1914 ......... ................. 3.217.826
1.295.221
......
.
BIDDEFORD, ME.
R O A D .— Operates over 154.05m . o f single track in cities o f Birmingham.
BIDDEFORD & SACO RR.— A trolley road.
Bessemer and in Jefferson C ounty.
Standard gauge. All but 26 miles 70
O R G A N IZ A T IO N .— Incorporated Feb. 19 1887.
to 100-lb. T girder rails.
A 20-mile extension from Birmingham to
S TO C K A N D B ON DS
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
W arrior R iver, it is reported, is under consideration. Owns 250 passonger,
Stock ($50) $100.000_______ _______
A-O
$100,000 A pr. T 6 , 5%
58 freight and 25 miscellaneous cars. T otal, 333. Power station, capacity
1st mort *300.000 ($1,000) f 1900
Ig J -D
150,000 June 1 1940 17,700 k.w . Also purchases hydro-electric power.
gold c*. N o s f but can be]Interest at Fidelity Trust C o ., Portland
O F F IC E R S .— Pros. & Gen. M g r., J. S. Povear. Birmingham; V .-P ., Lee
called in 1920___________ t f I M e ., trustee.
C . Bradley; Sec. & T reas., J. P. Ross; Asst. Sec. & Asst. T reas., N . II.
D iv id e n d s . — During years end. June 30: 1906, 4 % : 1907-09, 5 % : 1910,
Hawkins.— V. 97, p. 363: V. 98. P- 1535, 1691; V. 100, p. 395. 1708, 1509.
7 K % (changed to s.-a .); 1911 and 1912, 5 % : 1913 and 1914, 6 % : 1915, 8 % : 1591; V . 101, p. 2143; V . 103, p. 937.____
1916, 10% .
B IR M IN G H A M ENSLEY & BESSEMER R R .
,
.
E A R N IN G S .— For fiscal years ending June 30:
C o n s o lid a tio n . — A m ajority o f the bondholders o f this co. and tho Birming­
Y ear—
G ro s s .
N et.
I n t ., & c .
D iv i d e n d s .
S u r p lu s .
ham R y ., Light & Power C o. have petitioned tho Alabama P. S. Com m is­
1 9 1 4 -1 5 ......... ........ $72,222
$20,037
$8,116
$8,000
$3,921
sion for authority to merge tho two systems. V . 103, p .9 3 7 .
1913-14 .................. 70.619
23,047
7,980
6.000
9,067
S a le . — The property was bid in for $700,000 at public auction on O ct. 28
R O A D .— Operates 8 miles o f track between Saco, Biddeford and Old 1915 b y the reorganization com m itteo. V. 102, p. 152.
Orchard Beach.
o r g a n iz a tio n . — On Jan. 4 1916 Barber, W atson & G ibboney, as counsel
O F F IC E R S .— President, C . II. Prescott, B iddeford; Secretary and forR etho
roorg. com m ittee, wroto: “ T ho plan o f reorganization (datod
Treasurer, E . F . L ord.— V . 70, p. 1048: V . 73, p . 494.
Sept. 15 1915) approved by tho depositors is an altornatlvo plan, but which
alternative will do carried out has not yet boon docidod, and It will not bo
for some tim e.” The plan provides as follows: (a ) If it is possible to se­
BINGHAMTON, N. Y.
cure tho guaranty o f prin. and int. o f tho issue o f bonds shown belovv b y a
rosponsiblo guarantor, the proposed now com pany will bo organized with
S C R A N T O N & BINGHAA1TON R Y .—
the following securities:
O R G A N IZ A T IO N .— Incorp. in Delaware O ct. 15 1910. Owns entire Com
m on stock, not to exceed__________________________________ S I.590,000
stock o f the Scranton & Binghamton RR. and has assumed its bonds.
-cu m .p rcf. (p. & d .), equal voting power with c o m m o n .. 1,060,000
Tho Scranton & Binghamton RR. owns 98% o f the stock o f the Bingham­ 6 % nMon
. 5 % 30-yoar gold bonds. A uth., $4,000,000. Dated
______
ton R y ., the entire stock o f Scranton & Binghamton Traction C o ., a con­ 1stJan.
1 1916. R ed . on any int. dato at 101 and i n t ------ - — . . 1,500,000
trolling interest in the Northern Electric R y. and over one-half o f tho bonds
Depositing holders o f present 1st M . bonds will tecolve 50% o f tholr
o f tho Northern Electric Street R y. (whoso stock is owned by tho Northern holdings in the now bonds, amounting t o , say $1,262,650. Remaining
Electric R y .). Tho Northern Electric Street R y. Is leased for 900 years $237,350 presently to bo lssuod will bo sold for cash requirements.
from July 1 1910 to the Scranton & Binghamton Traction C o ., which has
Tho now stock will bo delivered in whole or in part to tho guarantor or
assumed the form er’s bonded debt.
the bonds, as a consideration for such guaranty, any part not so used to go
ST O C K A N D B O N D S —
D a le .
In terest.
O u ts ta n d in g .
M a tu r ity
Into com pany's treasury.
. ..
(6)
If It bo found impossible to carry out tho foregoing plan, tho 1st M .
Stock $6,000.000.........................................................
$6,000,000 ----------------Scran. & Bing RR $10,000,000) 1910
6 J-D
2,500.000 Juno 1 1960 30-year 5s shall be for tho auth. prin. amount o f $1,000,000, whoroof
g ($ l .000. $500 & $ 1 0 0 )--c * (ln t . at A nthraciteS. B k.. Wilkos-Barre, trus. $250,000 to bo lssuod for cash. In this case tho ontlro stock Is to bo de­
Northern Elec St R y $1,200.-) 1907
5 J-D
1.200.000 Juno 1 1957 posited with voting trustees for 5 yoars, tho first trustoos, 3 in number, to
000 ($500 and $ 1 ,0 0 0 )--c * fI n t . at Anthracite S. B k .. W ilkes-Barre,trus. be named by the com m ittee: trustees will have powor to sell the stock at
T ho voting trust cortificatos shall bo distiibutod
B o n d s . — Scranton & Binghamton R R . bonds are callable after Juno 1 any timo as an entirety.
1915 at 105 and int. Northern Elec. St. R y . bonds are red. at 105 and int. among depositing bondholders, who will rocoivo 4 0% o f tholr holdings In
pref. stock v. t. ctfs. and 60% in com . stock v. t. ctfs., calling for $1,009,­
S in k in g f u n d o f $10,000 per annum began D ec. 1 1912.
E A R N IN G S .— O f the combined properties for 12 m os. ending June 30 120 and $1,515,180 thoroof, respectively. A ny balance to go into treasury.
1916, gross,$886,742; net, $348,116.
Seo V . 101. p. 1013.
„
O L D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
R O A D .— 40 miles in operation between Scranton and M ontrose, with a
branch to Lako W inola. The road as projected will extend to Bingham ­ 1st M $3,500,000 g ($1,000.1 1911
5 M-S
2.650,000 M ar 1 1941
$500 and $ 1 0 0 )______ c * t f / l n t at Equitable Trust C o ., N . Y .. Trustee
ton. N . Y .— V. 100, p. 1833.
E A R N IN G S .— Receivers report for 12 mos. end. Aug. 31 1914 ( y . 99.
ft ) B in g h a m ton R a ilw a y C o .— A trolley road.
p. 1526) shows: Gross revenue. $220,655; not earnings. $69,151; bond Int..
T he Scranton & Binghamton RR. owns 98% o f tho stock.
O R G A N IZ A T IO N .— Is a consolidation Sept. 30 1901 o f the Binghamton $110,000; franchise tax, & c., $7,400; deficit, $48,249. Passengers carried
R R . C o. (chartered A ug. 11 1892 as a consolidation o f all street railways in 12 months ending Aug. 31 1914.4,790,724.
„
R O A D .— Owns and operates 19.162 miles o f 1st main track, 12.145 miles
city) and the Bing. Lestershire & Union R R . Principal fr a n c h is e s granted
by special Acts o f Legislature, and are perpetual and practically exclusive. 2d main track, 0.805 miles sidings. & c., 0.676 miles m isc.; total, 32.788
In Aug. 1915 the P. S. Com m . auth. the issue o f $90,000 6 % equip, trust miles. 85-lb. steel rails: standard gauge. Has 25 P -A -Y -E steel coaches.
certificates to pay in part for 20 now double-truck cars costing $118,503. 26 dum p cars. 3 flat cars. 8 misc. cars. 1 Baldwin locom otive and 1 ten-ton
crane.— V. 99, p. 673, 747, 814, 894, 1129, 1365, 1526, 1748, 1908; V. 100,
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
p. 732; V. 101, p. 129, 693, 1013, 1092, 1552; V. 102, p. 152; V. 103, p . 937.
8 tock , $1,150,000 ($100)..................
4 F-A
$978,995
See text
Binghamton R R C o m tge/ 1893 5 g J-J
507,000
See text
$900,000, g ($ 1 ,0 0 0 )-.c* tf\ In t. at M etropol. T r. C o ., N . Y ., Trustee.
BLUFFTON, IND.
Bing Lest & Un 1st M ($ 25 0 ,-/ 1895 5 g J-D
147.000 June 1 1925
M A R IO N & B LU F FTO N T R A C T IO N C O .— A trolley road.
000), gold, principal and] Interest at M etropolitan Trust, New York
O R G A N IZ A T IO N .— Incorp. in Indiana June 1914 as a reorganization
interest g u a r___________ tf ( Binghamton Trust C o .. Trustee.
o f the old Marion Bluffton & Eastern T rac. C o ., sold under foreclosure In
Bing Ry 1st consol m tgo, $2,-| 1901 5 g M -N
l,59S,O0o N ov 1 1931 Feb. 1914. T he old com pany was placed in receivership as a result o f
600,000 gold ($1,000) c * t f]l n t . at Fidelity Trust C o ., Buffalo, Trustee, a head-on collision on July 7 1912 in which four persons were killed and 60
[ or Seaboard National Bank. New York.
or more injured (V . 95. p. 297).
.
E quip trust certificates______ 1915
6 F-A
85,000
See text
S T O C K A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
B o n d s . — T he bonds o f 1893 mature $5,000 yearly 1910 to 1917; $10,000 Stock $216,000 ($100).........................
------*216,000 . . . .
yearly 1918 to 1922 and balance Sept. 1 1923. O f tho Binghamton R y. 1st 1st M gold $504,000 ($ 1,0 00 )/ 1914
6 g: J-J
504.000 July 1 1934
consol, m tge., enough are reserved to retire underlying bonds and the re­
S i n k . f d . 1% per annum.
\ Int. at Fletcher Sav.& T r. O o ., Indlanap.,T r.
mainder for acquisitions, extens., & c.. under careful restrictions. T hey aro
E A R N IN G S .— For cal. year 1915, gross, $111,254: not. $35,304.
subject to call at 110 & int. Exem pt from N. Y. State, county and m unici­
R O A D .— Operates 32 miles o f track botweon M arion, whoro connection
pal personal property taxes. See V. 73, p. 1312; V . 78, p. 701; V. 88, p. 748. is mado with Union T rac. C o. o f Indiana lines and Ind. Rys. & Light C o .,
The equipment (rust certificates o f 1915 mature $5,000 semi-annually.
and B luffton, Ind.. connecting there with Fort W ayne & Northern Indiana
D iv id e n d s . — 2% was paid Jan. 31 1902: 2 % M ar. 3 1903; 2% April 11 Trac. and Union T rac. C o. o f Indiana.
Standard gauge. 70-lb. T rail.
1904 and 2% April 10 1905. A scrip dividend o f 20% was paid April 18
O F F IC E R S .— Pres., James \V. Sale; V .-P ., Abram Simmon; Hoc. & A ct­
1905. In 1906 to 1910 incl.. 2 H % yearly. In 1911, Sept., 3 % . In 1912 ing Gen. M g r., James S. Clark; Treas., J. S. Gilliland.— V . 98, p. 1920;
and 1913, 4 % . In 1914, Fob., 2 % . N one slnco.
_______
R O A D .— Operates 49.74 miles o f track. Connects Binghamton with V . 99, p. 196.
Lestershire, Hooper, E ndicott, Union and Port Dickinson. Standard
B LU F FTO N GEN EVA & C ELIN A T R A C T IO N C O — A trolley road.
gauge, 60-lb. to 103-lb. T and girder rial; 75 m otor cars and 27 trail cars.
O R G A N IZ A T IO N , & c.— Organized in Indiana in 1907. Privato right
o f way. Stock, $450,000 co m ., $225,000 (5% cum .— J.-J.) prof. R oad,
E A R N IN G S .— For year ending D ec. 31:
19 miles o f track between Bluffton and Genova through Vera Cruz and Linn
Y ear—
G ro s s .
N et.
In t. & T a xes.
S u r p lu s .
G rove. Pres., H. C . Arnold; V .-P ., A . G . Briggs; Hoc., G . H. M arkloy;
1 9 1 5 ..................................... $546,300
$210,020
$130,261
$79,759
T reas., W . A. Kunkel; Aud. & Purch. Agent, James S. Clark.
1914...................... ................. 503,486
176.854
124,930
51,924




BOISE CITY, IDAHO.
IDAHO POWER CO,
[Tho following statement, while premature, is understood to be approxi­
m ately correct. N o official statement will be ready for several months.]
O R G A N IZ A T IO N .— Incorp. in M aine in 1916 with a capitalization o f
$17,000,000 as a consolidation o f tho hydro-electric and steam generating
roperties in Southern and Western Idaho, with their transmission and
istributing systems and som e allied elecrtic railways which were taken over
b y General Electric interests in 1915 and financed through the Northern
Securities C orporation (see this section for M a y 1916). Included in the
merger are tho Idaho-Oregon Light & Power C o., tho Idaho R ailw ay,
Light & Power C o ., the Idaho Power & Light C o., the Great Shoshone &
Twin Falls W ater Power C o ., tho Southern Idaho W ater Power C o ., the
Jerome W ater-W orks C o ., together with a number o f properties controlled
b y these corporations. The Electric Investment C orp ., which was or­
ganized to assist in the consolidation, will be dissolved. Tho Boiso Valley
T raction C o ., organized to take over the electric railway lines, will remain
in existence, but all its stock will be held by the Idaho Power C o.
T he new com pany will operate in every city and town in the Snake R iver
V alley with the exception o f two supplied with Governm ent power. It
now has 30,000 h. p. capacity and owns a number o f undeveloped sites
which are capable o f generating largo amounts o f power. It owns gen­
erating plants at American Falls, Shoshone Falls, lower Salmon River
Falls, M alad R iver. Swan Falls, Ox Bow and Horseshoe Bend, and leases
tho plant o f the Boise Payette Lumber C o. at Barber, the United States
reclam ation service plant on the Boise River and the Thousand Springs
P ow er C o. plant in the Hagerman Valley. Its electric generating plants
and transmission and distributing systems extend from B lackfoot In the
east to Huntington, Ore., on tho west, and, with the exception o f the
Governm ent power plants at Burley and Rubert, include all the generating
plants in that territory.
O F F IC E R S .— Pres., F. F. Johnson, Boise: V .-P . & Gen. M g r., W illiam
T . W allace: V .-P s., George E . Claflin and D . F. M cG ee, o f N . Y .; Asst.
Sec. & Asst. Treas.. E . P . Summerson and A . E . Smith.— V. 103, p . 760.

S

BOSTON, MASS.
B O S TO N E LE V A TE D R A IL W A Y .
O R G A N IZ A T IO N .— Charter granted in 1897 provides for an extensive
system o f free transfers. T he com pany also, in addition to regular street
railway taxes, has to pay 7* o f 1% o f gross "earnings o f all lines owned,
leased or operated by it ,” and a sum equal to the excess o f the dividends
over 6 % . Its charter, however, is understood to “ grant it exem ption from
reduction o f fares, and also other Immunities.”
(See Massachusetts R R .
Comm ission, V. 65, p. 1223.)
On April 29 1903 loased from the Old C olony Street R y . (now merged in
tho Bay State St. R y.) all that com pany’s tracks in the city o f Boston,
amounting to 23.753 miles. The lease is for 99 years and provides that
besides paying taxes tho Elevated C o. will pay 67*% o f replacement value
(appraised at $353,979, less the rental or certain short pieces o f track
appraised at $13,866) o f the property leased as o f date Feb. 16 1903, and
4 % on the cost o f all additions and betterments.
L e a s e o f W e s t E n d . — Tho W est End Street R y . is loased until June 10 1922
C o n s o lid a tio n w ith W e st E n d S treet R y . — In July 1911 Massachusetts
Legislature passed an A ct (signed by the Governor on July 21 1911) super"
sedlng that approved M a y 28 1908 (V 86. p . 917, 1342), permitting the
consolidation o f Boston E lev. and West End St. R y. at tho expiration o f
the present lease, on Juno 10 1922 . 8 % cum . 1st pref. stock o f B ost. Elev
(having the ordinary voting powers, but not “ entitled to participate in any
Increase or issue o f now stock, co m . or pref.” ) , to be issued, $ for $ for W est
End pref. and 7 % cum . (or 8 % if arbitrators so decide) 2d pref. (having
all voting powers without exception) for com stock o f W est E nd. After
the issue or the new pref. shares no other stock to be issued “ prior or eoual
to such 1st pref. and 2d pref. stock without the consent o f two-thirds o f the
holders o f such stocks, respectively.” The A ct also provided that the Street
R y . forthwith sell to the Elevated C o. all unused real estato, the proceeds
not exceeding $1,500,000 to be invested as a special trust fund and toaccu m ulateuntilJune 10 1922. Thereafter the annual incom e thereof shall bo
applied to cancellation o f 2d pref. stock. When all the 2d pref. has been
retired then said fund shall be applied b y the Elevated R y . C o to anv
purpose for which stock and bonds can legally be issued. See terms o f A ct
in V . 93, p. 344. Shareholders o f both the Boston Elev. and W est End
R y . approved the A ct; the former on A ug. 24 1911 and the latter on SeDt 6
1911. V. 93, p. 666. Holders o f West End com . and pref. stock m ay on
or before June 10 1922 exchange their stock at par for Elevated Ilv com m on
After June 10 1922 holders o f B ost. Elev. 1st or 2d pref m ay' exchange
their stock for an equal amount at par o f B ost. E lev. com m on
cnang0
On Sept. 6 1911. in a suit brought to test the constitutionality o f the
M erger A ct, Judge C olt in U. S. District C ourt sustained thed em urrernf
the West End St. R y . and dismissed the suit to prevent the merger
V 05
1 9 ?3 8 ' Seeev * 9 8
by * West Bnd shareho,der la France on Dec. 31
D ec. 1896 the W est End Street R y . leased the right to use
tho Trem ont S t. subway in B oston. Seo terms under W est End Street n t
On Dec 24 1904 the East Boston tunnel (under B ofton Harbor) was
leased by the Boston Elevated R y . until June 10 1922 for a rental o f
o f T lo f earnings o f all linos owned, leased or operated. The com pany a ls o c o llects a toll o f lc . per person, which goes to tho city; but under tlm denarii
extension or contracts made in 1911, this provision will bo eliminated after
June 10 1922. The tunnel was opened D ec. 30 1904
It extom?J fr „ ma
main land to East Boston, 1.4 miles, and cost $3,500 000
d fr0m the
On June 28 1902 W ashington Street Subway Dill became a law
T he d t v
constructed a tunnel for elevated trains and leased same to the Boston
Elevated R y. for 25 years at an annual rental o f 4
o f tataPJS?
struction. which at Jan. 1 1916 was $7,901,700 net. V S S n o T P ron o'
sition was ratified b y voters at D ec. 1902 election. V . 75 n l>9« ,io«

D a m a g e s b y N o i s e . — In A ug. 1902 Judge M ason, in the Superior C ourt
at B oston, held that the com pany is liable for damages from noise caused
by the operation o f trains. V. 75. p. 496. This was affirmed April 1903
oy Massachusetts Supreme C ourt. V. 76, p. 809.
W a g e I n c r e a s e . — For wage increase effective M a y 11916, see V . 103,p.320.
In O ct. 1915 sold $3,286,000 additional bonds. Under M ass, law bonds
m ay be issued only up to the par value o f the com pany’s stock plus paid-in
° ? I.J u?5,3P 1915 t0 $26,586,828. N o new bonds m ay
be issued, therefore, until additional stock has been put ou t. See remarks
I?
i 7e?o°rt £?r,7 eaf « n£in g June 30 1915 in V . 101. p. 1550.— V . 101.
Following G ov . M cC a ll’s message o f M a y 23 1916 to the
®
r.ehi V ’ 1? 2r’ p : 2 0 (6 ), a special recess com m ittee was appointed to
?? the next Legislature on the advisability o f the State's taking any
a° t i? “
enaPIe the. c o - t ? obtain net revenue adequate for its corporate
102P p 207™
IS seeklng an lncrease in fares from 5 to 6 cents. V .

a t ^ X ° « o q q 5n ? n n ? * in m —
D u te .
( $ 1 0 0 ) - - - . ____
Debentures, g o l d . . . c & r . n t f / 1905
_ n|j
A

Ouar
S 2 3 87Q 4 0 0
A n i z ’ lO 1 K
4 g M -N
s ilo o io o o M ay l i g »
Trust C o ., B oston, Registrar.

I?
B s S K tR W r fc 1
.' “ “

t h ..

S t o c k , 5 2 3 ,9 0 0 ,0 0 0

meet the cost. At the end o f 20 years the city o f Cam bridge is to have tho
right to purchase thoso subways by paying their cost plus 7 % int.. loss d ivi­
dends. V . 83, p. 93. On Jan. 4 1912 tho first through train was run In tho
now subway: it was opened for public travel M ar. 23 1912. V . 94, p. 1185.
N e w C o n s tr u c tio n o f S u b w a y s a n d O ld C o n tr a c ts E x t e n d e d __In July 1911
M ass. Legislature passed an A ct (accepted by tho city and Boston E lev.
In Sept. 1911) providing for tho construction b y the city o f three additional
Tu,.me1/ Boylston St. Subway and East Boston
Tunnel extensions, and the extension o f all existing contracts until Julv 1
1936, the date to wh ch contracts for new lines are to run. Annual rental
after expiration o f old contracts to bo as follows: Trem ont St. Subway
(see u.n der West End) .4 7 * % on net cost; East Boston tunnel (now expiring
June 10 1?22), 4 H % o n n e t cost (provision for tolls from passengers using
‘f T l v
M t o r e i K “ lon Period); Washington St. tunnel (now
expiring N ov. 30 1933), 47* /o on not cost. Annual rental for new lines:
Cam bridge connection, for first 20 years. 4 7* % on net cost; thereafter 4
o n not cost; Dorchester and Boylston tunnels and East Boston tunnel ex-

“

T r a p ” l°7gS“ ,oas“ w“ 9

Tho new Boylston St. rapid transit subway on which work was hpimn
Mar. 8 1912, w m opened for traffic Oct.3 19f4 from the Tremont St s^bi'mJ’ ini?ar Charles St., and the Public Gardens, westward toward Brookmu0' 1 ^ ml,,es- Tho subway cost tho city about $4,500,000 (V . 99, p.1213).
Tho extension o f the East Boston Tunnel, on which construction was hemin
Nov. 29 1912. was opened March 18 1916. permitting a n 1 8 -m iS u te'settle
from Central Square. Cambridge, to Maverick Squaro, Boston
Estimated
expenditure on this project, $2,400,000. V. 102, p. 1058. Construction
o f the Dorchester Tunnel, which Is to bo an extension o f tho Cambridge
subway, was begun on May 30 1912, and Is well under way. On April 4
1915 trains began operating to Washington Station, Just east of the
the Summer and Winter stations o f tho Washington Street Tunnel. Cost
of this tunnel without equipment is estimated at upwards o f $9,800,000.
The P . S. C om m , granted an extension o f
time for construction o f the E vorett extension till Feb. 20 1917 and the
Secrotary o f W ar an[extension[of time for the com pletion o f the bridge until
M a y liliilo *
E v erett E lev a ted E x t e n s i o n .—




O u ts ta n d in g .

M a tu r ity .

8“ ]

JS £ &
I S

B o n d s .— -T he coupon bonds are in denom inations o f $500 and $1,000
except 1911 issue, which are for $1 000 o n ly ), and registered bonds o f all
Issues are in denominations o f $1,000, $5,000, $10,000 and $50,000.
In D ec. 1908 the Massachusetts Railroad Commission sanctioned
$6,650,000 additional stock (raising stock to $19,950,000) at $110 per sharlf,
to defray the cost o f the Cam bridge subway and for the construction o f the
East Cam bridge and West End elevated lines. V . 87, p. 1662 V 88 d
1372. In D ec 1912 Increased its stock from $19,950,000 to $23,950,000
and offerod stockholders the right to subscribe for new stock a t $105 Der
share. V. 95, p . 1272: V . 96, p. 61.
p
D iv i d e n d s .—'First d iv .. 2 7 i % . was paid A u g. 15 1898.
In 1899, 5 7*%
In 1900, 4 74 % ; in 1901, 554% : In 1902 to 1913 inclusive, 6 % yearly: In
1914 rate was reduced and in Feb. 2% was paid. In July 1914 it was d e ­
cided toJ Pi
pay
and in Aug.
. dividends quarterly
.
. (V
. . 99,
_____p. 341)
______________
_ 1 A % was paid:
N o v ., I17*%
’ " " . In
T 1915, 'gall
^ (V.TOO.’
F eb., ---------------------------------1 7*% : in M a y only 1% was paid
1 1509, 1591). In A ug. 1915. 1 7*% ; N o v ., 1 7 * % .
1916, F eb., --------*
1 5 *% ;
d a y, 7 *% : A u g.. 174% (V . 103, p. 492).

A N N U A L R E P O R T .— R eport o f Boston E levated R y . for year ending
June 30 1915 in V . 101. p. 1550.
„
„
1915.
1914.
1913.
1912.
Revenue miles run.......... 57.805.695 57.990,436 57.784.319 54,790.173
Revenue pass, ca rrie d ..346,316.584 343,181.049 326,352.863 310.310,009
E a r n in g s —
w
$
$
P a ssen g er......................... 17.269.034 17.112,925 16,268.607 15.467.352
M ails, rents, a d v . & c ._
529,574
540.302
516,692
436,695
T otal ........................... 17.798.608
N et earnings___________
*
6,510.624
Interest on deposits. & cl
22.242
Int. from securs. ow n ed .
22,033
Int. charged to construe.
In c. from sink, fun d, & c.
33.395
M iscellaneous__________
10.272
T o t a l ________________
D e d u c ti o n s —
In t. on West End d e b t ..
Taxos, W est E n d ______
Taxes, Boston Elevated
Taxes on earnings______
Rental o f subw ay______
D lvs. on W est End stock
D ivs. on Som . Horse R y.
R ent. Old C . S t.R y .,& c.
Int.on B os.E l.fund.debt
In t. on unfunded d e b t ..
W ash’t ’n St. tunnel rent
East Boston tunnel rent
C am b’dge Connec. ren t.
B oylston St. subw. ren t.
M iscellaneous__________
R econstruc., & c., res’ves

17,629,617
6,331,755
35,278
63,969
47.833

16.808.909
5,673.328
50,419
69.460
34.141

15,904,047
4.927.413
52.508
69.460
496.527

9,282

5,400

6.598.566

6,488,117

5,832.748

5.545.908

819.792
546.793
371.107
151.289
183,929
1,430.323
9.180
65.993
963.619
86.166
355.488
64.838
70.859
150.382
4,588

790.997
550.638
340.362
149.947
188.913
1.406,808
9.180
57.216
981,000
86,900
354.605
64,263
70.120

762.610
610.218
376.462
141.342
188.068
1.392.969
9.180
56.529
887,807
207.700
370.256
60.575
68,409

725.593
613.839
454,759
153,159
185,740
1,387.710
9,180
56.040
706.000
131.033
3 4 0 .5 0 0

58,782
18,204

180,000

T otal d e d u ctio n s____ 5,274.347
5,230.949
5.132.125
4,840.539
B a la n ce________________
1.324,219
1.257,169
700.623
705,368
D ividends....................(574)1.313,367 (5)1.193,970 (6)1,197.000 (6)1.197.000
Balance fo r year-------- su r.10.852
R oad J u n e

S u b w a y s .— I n

1477°. W “ h ,n B “

In te re s t.

sur.63,199 def.496 377 def.491.632

30 1915 ( " R " S ta n d s f o r R a p id T r a n s it T r a c k ) .
M ile s .

M ile s .

M ain 1st track (13.680 “ R ” ) .244.641 Owned b y W est E n d .............. 420.924
M ain 2d track (13.460 “ R ” ).2 0 9 .9 63 Leases.tr k ’ge,& c.(36.853” R ” )99.798
Sidings, & c. (9.713 " R ” ) ____ 66.118
T otal (incl. 36.853 “ R ” ) . . 520.722
T otal (Incl. 36.853 “ R " ) . . 520.722 Electrically equipped..............527.388
W eight o f girder rails is 70 to 150 lbs. Cars, 3,746:
_ __ _horses,
_
231: electric
m otors. 7,955: snow-plows, 267: snow sleds, 620:
m ‘isc., 602. C apacity o f
'
all stations, 131,490 k. w.
O F F IC E R S .— Chairman o f the B d ., W illiam A . Bancroft: P res., M a t­
thew C . Brush; V .-P ., Charles S. Sergeant: Treas., Henry L. W ilson; S ec.,
Henry S. Lyons; Gen. A ud., J. Henry N eal.— V . lOO, p. 1509, 1591, 1751,
2008; V . 101. p. 287, 368,1369. 1550, 1712; V . 102, p. 1058,1625, 2076.
C o m p a n ie s

C o n tr o lle d

by

B o s to n

E lev a ted

R a ilw a y

C o.

(1) W est End S tre e t R a ilw a y .— A trolley road.
O R G A N IZ A T IO N .— Leased to Boston Elevated R y . until June 10 1922
at 7 % on com m on and 8 % on preferred in addition to the paym ent o f
rentals, interest and other charges. Elevated assumed possession Jan. 1
1898. See terms in V . 65, p. 1223. Consolidation authorized with the
Boston Elevated R y . See particulars under latter com pany.
In D ec. 1896 leased the right to use the T rem ont Street subway at 47* %
o f its net cost, stated approxim ately as $5,786,000 In Sept. 1898, when the
third and last section was opened. Entire length is 1 2-3 miles, with a
trackage o f about 5 miles. See V. 63, p. 1065, 1117; V . 67, p. 528. See
B ost. E lev. for extension o f contract and new construction.
In April 1916 the M ass. P. S. C om m . auth. two bond issues o f $815,000
and $1,581,000, the former to provide for the $815,000 4 % bonds which
fell due M a y 1 1916, and the latter to refund $1,581,000 serial deb. bonds o f
1915, due A ug. 1 1916. V . 102, p. 1347, 1542; V . 103, p. 321.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Com stock ($50) $13.445.150............
7 A-O
$13,445,150 O ct ’ 16. 37*
Preferred ($50) $6.400.000................
8 J-J
6.400.000 J u ly’16, 4 %
5% bonds o f 1914.....................
1914 5 M -S
2.600.000 M ar 1 1944
Gold bonds o f 1897, $2,700.-1 1897
4 g F-A
2.700.000 Feb I 1917
000 not m ortgage___c . n t f ]
Bonds ($1,000)........... c * _ n tf 1902
4 F-A
5.709.000 Aug 1 1932
Bonds ($700,000)— c & r .n t f 1908
700.000 Jan 1 1923
47* J-J
Bonds ($1,000)............c & r .n t f 1910
1.604.000 July 1 1930
47* J-J
B onds.......................
n t f 1912
5 M -N
600.000 N ov 1 1932
Serial deb bonds_______________ 1915
5 F-A
3.162.000
See text
Bonds .............................
51916
M -N
815.000 M a y 1 1936
Bonds ($1,000)....................
1916
5 F-A
1.581.000 Aug 1 1919
B o n d s .— Interest on all issues is payable at American Trust C o ., Boston,
except on tho 3-year bonds o f 1916, which is payable at Old C olon y
Trust C o ., Boston. The serial deb. bonds o f 1915 mature $1,581,000 yearly
A ug. 1 1917 and 1918.
O F F IC E R S .— Pres., Joseph B . Russell; Treas., Parkman Dexter.—
V . 101, p. 371. 450; V . 102, p . 713, 1347, 1542; V . 103, p . 321.

(2) Somerville Horse RR.
Owns 8.03 miles o f track. Leased to W est End Street R y . for $9,180
yearly— 6 % on $153,000 stock. Dividends are payable M . & N . in B oston.

R E P O R T .— R eport for the year ending Sept. 30 1915 (see ‘ ‘ C hron icle”
D ec. 18 1915. p. 2068), shows receipts from d lvs., $513,068; from int. on
notes, & c., $78,489; total, $591,557; expenses and taxes, $19,936; in t.,
$172,143; d lvs., $484,128; deficit, $84,6o0; previous surplus, $2,749,583;
tota l, $2,664,933; from this was doducted disc, on cou p, notes sold and
prom , on notes purchased, $103,661, loaving surplus Sept. 30 1915. $2,561,­
272.
D IV ID E N D S .— First d iv. on pref. stock. 2 % , was paid D ec. 1 1899; also
2% June 1 1900. D iv . period then changed to J&J and 2 1-3% paid Jan.
198l; July 1901, 2 % ; In 1902. 4 % : in 1903, 4 % ; In 1904. 4 % . T he Jan.
1905 dividend was passed and none paid until Jan. 1909, when 1% paid;
July, 1 H % . Seo V. 79, p. 2642, 2456: V. 85, p . 1646; V. 87, p. 1420,
and V. 89, p. 1597. In 1910. 3 A % . In 1911, 4 % . In 1912. Jan., 2 % ;
July, 2 % . See a bove for paym ent o f accrued dlvs. o f 1754% .
In 1913
and 1914. 4 % . In 1915. Jan., 2 % . T he July 1915 d iv . was om itted.
See V . 100, p. 1832. N one since.
R O A D icc.— T he Bay State St. Ity. owns 866.78 miles and leases 66.89
miles, a total or 933.67 m . o f main line; owns and operates 2,111 care.
Power capacity 49 engines, 43,775 h .p .. and 52 generators, 29,755 k .w .;
11 turbines, 22,500 h.p . and 15,100 k.w .
M a tu r ity .
D a te . In te re s t.
O u ts ta n d in g .
O F F IC E R S .— Pres., G ordon A bbott: V .-P ., Charles E . C ottlng; S ec.,
C om m on s tock ______________ __________________ 50,296 sh.
Everett
W . Burdett; T reas., J. H. Goodspeed; Gen. M g r., P . F. Sullivan:
July '16. 50c
Preferred acock, 54 per sh, c u m .____
Q-J
21,387 sh.
Gen. A uditor, II. II. Read. Executive C om m ittee; Philip Dexter, Chair­
Apr 1 1919
C oupon notes, $2,000,0001 1909 4 J-D
$1,125,800
man;
Gordon
A b b o tt, Charles Francis Adam s, Galen L . Stone, Percy
($100, $500 and $1.000 ) - - - \ Interest at Boston Safe D eposit & Trust C o.
O ffice, 84 State S t.,
N o t e s . —'T he 1909 notes are not specially secured, b ut are sim ple obliga­ Parker, Philip L. Saltonstall and Charles E . C otting.
tions o f the association, subject to call on any interest date on 60 days' B oston.— V. 98. p. 1460. 1920; V . 99. p. 969. 1673, 1746, 1832; V . 100. p.
556,
642,
733,
1832,
2167:
V
.
101.
p846,
1189,
2068.
notice at 1 0 2 'A - V . 89, p. 1068.
. _
„ .
.
R O A D .— Companies owned and controlled operate in the aggregate about
(1) B ay S ta te S tr e e t R y .— An electric road.
131 miles o f track from Needham on the south to Lowell on the north , and
O R G A N IZ A T IO N .— This was the Lynnic Boston R R . (lncorp. In M ass.
connecting at five points with the tracks o f the Boston Elevated R y . A t
April 6 1859), but on July 23 1901 name changed to Boston & N orthern
W estboro connection Is m ade with the W orcester Consolidated.
The
D iv id e n d s . — First o f $1 on preferred paid April 1902; also $1 July 1902 St. R y . and on A ug. 8 1911 name was again changed to present title.
and $1 O ct. 1902. In 1903, $4; in 1904, $2 50; in 190o, $2; in 1906. $2 75; following companies have been absorbed from time to tim e. T he latest of
In 1907, 53. Jan ., April and July 1908 d iv . passed. In O ct. 1908 dlvs. these absorptions was in June 1911, when the Bos. & N or. took over the
resumed, and paid 75 cents. In 1909, $3. In 1910 to 1913. incl.. $4. In Old C olony and Issued 7,767 shares o f prof, and 80,041 shares o f co m . in
1914, S3 50. In 191.., S3. In 1916, Jan ., SI; April. SI; July, 50c. A r­ oxchange for like amount o f Old C ol. Street R y. stock.
M ystic Valley.
Beverly & Danvers
rears o f dividends, $12.
,
„
. . . . . .
Needham & B oston.
R E P O R T .— For year ending Juno 30 1916: Incom o from securities held, Boston M ilton & B rockton.
New B edford M Iddleb. & B rockton.
S146.333; exp. and interest, $50,288; dividends ($3), $93,793; sur., $2,252. Braintree & W eym outh.
N orfolk Central.
{••OFFICERS.—'Pres.. Adams D . Clafiin; V .-P ., Sydney Harwood: Ire a s., Bridgow. W hitman & R ockland.
N orfolk Suburban.
Chas. W . Smith; S ec., A . A . Ballantlne; Asst. Treas., G . M . C ox.— V . 100, Brockton Bridgow. & Taunton.
N orth W oburn.
Brockton & East Bridgewater.
p . 138; V . 101. p . 845, 1188; V . 102, p . 152; V . 103, p . 60.
Old C olon y Street R y .
DIghton Somerset & Swansea.
(1) Middlesex & B oston Street R y — Trolley.
Providence & T aunton.
East Side Brockton & H olbrook.
O R G A N IZ A T IO N .— Organized in 1907 and took over the South M iddle- Georgetown R ow loy & Ipsw ich.
Quincy & Boston.
sax Street Ity ., sold at receivers’ sale July 1 1907, and has since acquired G lobe Street R y .
Reading & Lowell.
and merged the W estborough & U opkinton St. R y ., the N atick & C ochitu­ Gloucester Essex & B everly.
Reading W akefield & L yn fleld.
ate St. R y . (V . 87, p . 1420), the N ew ton St. R y . (into which W altham St. Gloucester & R ockp ort.
Rockland & A bington.
R y . had been m erged, and which had acquired Comm onwealth A ve. St. R y . Gloucester Streot Ity.
R ockport Street R y .
and W ellesley & Boston St. R y .), V . 89, p. 778, and the N ewton & Boston H anover Streot R y .
Salem & W akefield.
S t. R y . (V . 89, p . 993). On M a y 9 1912 M ass. R R . Commission granted Haverhill & A ndover.
South Shore & B oston.
permission to absorb b y consolidation the Lexington & Boston St. R y . and Haverhill Georgetown & D anvers.
Taunton & B rockton.
Issue $525,000 stock in exchange S for $ for stock o f absorbed com pany; II Ingham Street R y.
Taunton Street R y .
Wakofleld & Stoneham.
Lawrence & R eading.
^ " o ^ A u g . 1 1908 M ass. R R . Commission gave a decision sustaining N ew­ Lowell & W oburn.
W est R oxbury & Rosllndale.
ton S t. R y .'s right to charge 6-cent fares and to charge one cent extra Lowell Lawrence & Haverhill.
W hitman Street R y .
(b eyon d the ordinary 5 cents) for each transfer issued. See V. 87, p. 345. Lowell & Suburban.
W oburn & Reading.
In A ug. 1909 Coram. granted the M iddlesex & B oston the right (for an M iddleton & Danvers.
experimental period o f one year) to charge one cent extra (beyond the regular
L e a s e .— In 1903 the Boston Elevated Ry leased all o f the track o f the
6 cents) for each transfer Issued; In A ug. 1910 privilege was continued for form er Old C olon y Street R y . (now a part o f the Bay State St. R y .) In
another year and in A ug. 1911 privilege was again extended and was never the city o f Boston for 99 years. T he lease provides for the paym ent o f all
withdrawn. On O ct. 28 1914 Comm ission authorized the com pany to taxes and also 64$ % on replacement value (appraised at $353,979, less the
establish a uniform fare o f 6 cents throughout Its system , with free transfer rental o f cortaln short pieces o f track appraised at $13,866) o f property
privileges, but to sell 9 tickets for 50 cents and school tickets at rate o f ten leased as o f dato Feb. 16 1903, and 4 % on all additions and betterments.
for 30 cents, both good between fare limits where the cash fare form erly
In 1907 obtained permission to d o a freight business In a m ajority o f the
was 5 cents. V . 99. p. 1366.
.
towns along its lines south o f B oston, and is now handling express and freight
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
b y trolley over a considerable percentage o f this track. In Sept. 1911
S tock. S I.987.000______ ________ - ..........................
$1,987,000 In 1915. 4 %
M ass. R R . Commission granted authority to carry coal in car-load lots or
First and ref M , $5,000,000/ 1912
44$ g J-J
1,483,000 Jan 1 1932 less in Dracut, M othuen, M iddletow n and N orth A ndover.
gold ($1,000)................ ......c l l n t . at Boston Safe D ep . & T r. C o ., trustee.
In Sept. 1912 signod a contract by which tho Boston Elovated brings tho
1900
43$
g
A-O
'500,000
July
1
1920
Lex & B ost 1st M , $500,000,
com pany’s oxpress cars into Boston over tho form er’s linos to a freight
» ,000),________________
Interest at B eacon Trust C o ., B oston, trustee terminal. V . 95, p . 1123.
g ($ 1
callable 105.
T
. ,,
CmrentUabliltTes June 30 191^-------------------------------- 1,195,200 — •
-----D e c i s i o n r e g a r d in g c a r r y in g ch ild r e n f o r h a l f -f a r e .— In M a y 1912 the full
B o n d s .— Remaining first and refunding bonds are reserved for additions,
bench o f Mass. Supromo C ourt sustained tho constitutionality of C hap. 576,
extension and im provem ents. Callablo on any interest date on 30 days
Acts o f 1911, providing that street railways shall carry school children un­
notice as follows: Jan. 1 1917 to July 1 1921, inclusive, at 1073$ and int.; der 16 years o f ago for half fare. V. 94, p .1 5 0 7 .
. .
, ..
„ „
Jan. 1 1922 to July 1 1926, inclusive, at 105 and int.; Jan. 1 1927 to
F a r e D e c i s i o n .— In a decision m ade public Sept. 1 1916 the M ass. P . S.
July 1 1931. inclusive, at 1023$ and int. V . 94. p . 351.
C om m , denied the co .'s petition for a general increase in fares from 5 to 6
E A R N IN G S .— For year ending Juno 30 1916, gross, $1,039,310: not, cents, but indicated that It would approve an lncreaso in fares on certain
after taxes, $221,615; charges, $156,459; dlvs. (33$ % ). $64,578; su r., $578.
interurban lines. See V . 103, p. 937.
.
R O A D .— Owns 95.904 miles o f track in N ewcon. W altham, Water­
W a g e s .— 'For award by arbitration board In Juno 1915, soo V . 100, p .2166.
town N atick W ellesley, Framingham. U opkinton. N eedham . W estboro,
In April ’ 16 tho M ass. P .S . C om m . auth. tho com pany to issuo $735,700
S berbum . W ayland, Belm ont and Ashland, connecting with tho W orcester 6% cum . prof, stock at par. $400,000 1st M . bonds o f tho B oston & N orthern
Consolidated Street R y ., the Boston Elevated R y. (at 4 p oints), & c. St. R y . and $300,000 1st M . bonds o f tho Old C olon y St. R y . to p ro v id o for
Forms a link in a through line from Boston to W orcester. Also owns 32.356 floating debt Incurred in making additions, extensions, &o.
A provlous
miles o f track, leases 0.745 mile; total, 33.101 miles, extending from Arling­ order authorizing $1,281,900 prof, stock was rescinded, no stock havin g boon
ton Heights (terminus o f Boston E lev. system) through Lexington and B ed­ issued thoroundor. Seo V. 102, p. 1162, 1539- N ow securities woro Issued
ford to Billerica, where cars go through to Lowell without change, and also in M a y 1916.
, , ,
to the Sullivan Square, Charlestown, station o f the Boston E lev. R y ., with
Tho co. has applied to M ass. P. S. C om m , for auth. to issuo $2,766,277
branches to W altham and to C oncord. Total track ow ned, 128.254 miles. Of a now $3,500,000 issue o f 5 % sorial notes for con struction, replacem ent
264 pass, and 14 work cars; 26 snow plows. 60 to 75-lb. T . and 95-lb. o f rolling stock, &c. V. 102, p. 2165; V . 103, p. 1117.
girder rails.— V . 89, p . 778. 993; V . 93, p . 731, 1787; V . 94, p. 207, 351,
ST O C K S A N D B O N D S— D a t e . I n t e r e s t .
O u ts ta n d in g . L a s t d lv .,& c
1317; V . 97, p . 237; V . 99, p. 120, 343, 1366, 1598; V . 101, p . 2071.
Stock co union (par $100)------ --------- - - - - - ----I? ec. m « ’ Vm
F -A
3,484,300 Aug 16, 3 /o
M A S SA C H U S E T T S E L E C T R IC C O M PA N IE S .— Street railways. 1st prof ($100) 6% c u m -------- --------1912 5 F-A
1,864.000
See text
O R G A N IZ A T IO N .— Formed in M a y 1899. Is not an incorporated Serial notes, $2.000.000c-ntf|(interest
at
American
lru
s
t
G
o
., B oston.
com pany but a voluntary association managed by a board o f fifteen trus­
& N or ref m tge, 515.000,-1 1904 4 g J-J
8,075.000 July 1 1954
tees who hold tho title to Its assets. T he trust runs for 21 years, or until Bos
000, gold ($1,000) - c * . n t f (In t. at A m ortcanT rust C o ., B oston, Trustee.
June 29 1920, at which time tho affairs o f the Association are to be liqui­
3,723,000 D oc 1 1924
J-D
dated (the prof.shares having a first claim upon the assets for $100 per share Lynn & Boston 1st m tge, g,\ 1894 5 dg C
$5,379,000 ($1,000) c * .n t f| Int. at Ol v olony T r. C o ., B oston, Trustee.
together with all unpaid accumulations o f dividends) unless prior to that
180,000 Juno 1 1920
G
R
'&
i
1st
mtge
($
1,0
00
),I
1900
5
g
J-D
tim e, at a meeting called for that purpose, two-thirds o f the shares then out­
$180,000, go ld _________n tf[In te re st at C ity Trust C o„ ., B oston, T rustee.
standing shall vote to continue its existence. V . 97, p. 1823. Messrs. E .
5
'
35,000
M ch 1 1919
H
G
&
D
1st
m
tge.............
n
t
f
1899
Rollins M orse & B r. and Tucker, Anthony & C o . o f Boston, who pro­
405,000 April 1 1917
& B coup $ l 0 5 ,0 0 0 --n t f 1897 6 A-O
m oted the com bin ation, in June 1899, in offering som e o f tho stock for pu b ­ Lynn
_ _
125,000 D ec 1 1916
Es x & Bev 1st M .l 1896 5 g J-D
lic subscription (51,000 o f pref. and $500 com . was offered for $1,050), Gloucester
$125 16OO(SI,0 0 0 ),g . c * . n t f / Interest at Amer. T r . C o ., B oston, T rustee.
stated that ‘ ‘ the Declaration o f Trust contains strict provisions against the
The M ystic Valley St. R y . has out $60,000 gold 5s, duo Jan. 1 1919.
creation o f any indebtedness-whereby any shareholder or trustee can be held
T ho R ockport St. R y. has outstanding $12,500 0 % coupon notes due
to any personal liability.” Comprised originally between 30 and 40 sepO
ct.
15 1916, interest payable April and October.
rate properties, but through consolidation there is now only one operating
L ow ell L a w re n ce & H a v e rh ill.
com p any, nam ely, tho B ay State St. R y ., whose entire com m on stock is
owned b y tho Massachusetts Electric C os. T he H yde Park E lectic L t. C o .,
BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
form erly ow ned, was sold on Jan. 3 1912 to Edison Elec. Ilium . C o . o f Bos­ Lowell Lawrence is Haverhill 1893
5 g J-D
$669,000 Juno 1 1923
ton , but in M ar. 1912 the B ay State St. R y . bought back the power station.
1
st m tge, $1,900,000, gold ,' Subj. to call for the sink, fund at 105 & Int.
T he system comprises electric street railway lines In 22 cities and 70
$1,000.......................jc *- n tf Int. at American Trust C o ., B oston, T rustee.
towns In Eastern Massachusetts and Now Hampshire and Rhode Island, People's St R y, West N ew ­ 1898
6 J-J
64,000 Jan 1 1928
covering the greater part o f the street railway mileage north o f Boston
bury, M ass, first mortgage Interest at State Street Trust C o ., B oston .
as far as Nashua, N . H ., and Newburyport and Gloucester, M ass., and
bonds, assum ed_______ n t f
south as far as Fall River and New B edford, M ass., and N ew port, R . I .,
O L D C O L O N Y S T R E E T R Y . S E C U R IT IE S .
connecting directly with the street railway system o f Boston; also an electric­
lighting property in N ew port, R . I. T he cars o f tho B ay State St. R y.
M a tu r ity .
BON DS—
___ D a te .
In terest.
O_
u ts ta _
n d in g .
run into the subway o f tho Boston Elevated R y . as far as Scollay Sq. under R e f mtge, $10,000,000, gold ,) 1904
$6,937,500' July l 1954
4 g J-J
c * . n t f [In t. at Old C olony T r. C o ., B oston, Trustee
($1,000).
a ^ P a y m e n t°o f^ A c c r u e d D io s , o n P r e f . S to c k .— On Jan. 5 1912 pref. share B rockton (Consol) St _R y 1st 1894
689,000
5__g A -O
.............. O ‘ct '1 1924
____
holders were offered $3,649,000 in negotiable warrants for additional pref
callablo at 105 & int.
m ort, $750,000, go ld ___n t f /I n t . at State T r. C o
stock, to represent accrued dividends o f 17 A % on pref. shares. N ew pref Boston
______ M ilton & Brockton 1899
5 J-J
100,000 July 1 1919
shares Issued July 1 1912. V. 93. p. 1462; V. 94, p. 68.
1st m tge. $100.000____n tf [In t. at Internat. T r . C o ., B oston, Trustee.
W a g e s .— For award by arbitration board in Juno 1915 see V . 100. p. 2167
B rock Bridegwat & Taunton) 1897
5 g F -A
200,000 A ug 1 1917
S T O C K A N D B O N D S .—'The share capital Is represented by certificates
1st M g . $200,000 ($1,000) [In t. at A m er. T r . C o ., B oston, Trusteo.
o f participation which give the owners a proportionate interest In the shares
held b y the trustees. B oth classes o f shares are reported exem pt from taxa­ B rock & E Bridgewater, lstl 1898
5 g F-A
30,000 Fob 1 1918
tion In Massachusetts. C om . stock and stamped pref. stock listed on
m tge, gold, $ 3 0 .0 0 0 -.- n t f / l n t . at American T r. C o ., B oston. T rustee.
Boston Stock Exchange. T h e b a la n c e s h e e t o f th e c o n tr o lle d B a y S ta te S t. R y . T aunton & Brockton first)
1897 5 F-A
100,000 A ug 1 1917
shows funded dobt June 30 1915, $23,480,000. and notes for amounts due
m ortgago, S 1 0 0 ,0 0 0 ---n tf[In C . at State Street T r. C o ., B oston, trustee.
M ass. E lec. C os., $1,250,000
N
Bedford
M
’dieboro&
B
rock)
1900
5
g
J-J
325,000
Jan 1 1920
D iv id e n d s
R a te .
O u ts ta n d in g .
D a te .
1st M . $325,000 ($1,000). [In t. at American T r. C o .. B oston, Trustee.
............. $14,293,100
C om m on stock, par $1001 ____
($ 1 4 ,2 9 3 ,1 0 0 ).........................
O f'the MOTodd.OOb*Old C olony St. R y . ref. m tge., $ 2 , 2 0 1 .5 0 0 are reserved
24.128.611
See text
____ 4 J-J
Pref. stock, par $100 4 %
fo r prior Hens. Remaining bonds can only be Issued for 50% o f cost o f
cum ($24 ,20 6 ,4 0 0)..............
additions & im pr’ts. These bonds are not subject to call. V. 93, p . 1784.
1915 . 5
3.000,000
C oll trust coupon notes, g o l d . -----—g A,-O
- - - - - - - April 1 1918
O lo b e S tre e t R a ilw a y S e cu ritie s.
($ 1 ,000) $3.500,0 0 0 -c*c p tfO ld C olon y Trust C o .. B oston, Trustee.
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
• 'T h e 1915 coupon notes aro socured by com m on stock o f tho Bay State
1898 5 g M -S
$150,000 Sept 1 1918
Streot R y ., representing in amount a m ajority o f that com pany s total P rov & Taunton St Ry 1st g l
($1.000),auth.$200,000.n t f [ American Trust C o ., B oston, Trustee.
capital stock outstanding, both com m or and preferred. V . 100. p. 733.

BOSTON SUBURBAN ELECTRIC COMPANIES.— A trolley system.

O R G A N IZ A T IO N .— This com pany Is a voluntary association form ed In
N o v . 1901 on the same lines as the M ass. Electric Com panies. C o n ­
trols through stock ownership the M iddlesex & Boston Street R y . (Into
which the N atick & C ochituate St. R y ., the W estboro & Hopkln St. R y .,
the N ew ton & B os. St. R y .. the N ew ton St. R y . and the Lex. & Boston St.
R y . have been m erged). In 1902 purchased N orum bega Park and Lexing­
ton P ark. In 1908 Massachusetts R R . C om m , sustained action Increasing
fares on several o f the subsidiary lines from 5 to 6 cents. V . 87, p . 345.
Has acquired freight rights in several o f the towns along its lines.
S T O C K .— Shares have no par value, but in case o f liquidation the pre­
ferred shareholders will be entitled to $100 per share, with accrued dividends,
the com m on shares participating pro rata in the remaining assets. (See
V . 73, p . 1159, 1263.) In 1904 15,635 shares o f preferred and 15,635 shares
o f com m on were offered to shareholders at $66 67 for one share o f pref. and
on e share o f com m on Jointly. Listed on Boston Stock L xch . in A pr. 1905.
On M a y 22 1913 the stockholders authorized the cancellation o f the 32,387
shares o f cum . pref. stock outstanding and the issue o f notes in place of
sam e, holders having the option o f taking cash or notes for their stock.
V . 96. p . 1487.




S o u t h S h o r e & B o s t o n S t r e e t R a il w a y S e c u r i t i e s
B o n * . 1 . . M ($ 1 ,000 ) . g o ld .l ? S 9 9
/ «
“ '
“ T s 'S ®
$ 1 , 0 0 0 , 0 0 0 . . . ............. . . n t f l in t , at A m e rica n T r u s t C o ., B o s to n T ru s te e
B rain tree & W e y m o u th 1 st} 1897
5 g M -S
80 000 M a r 1 1 Q1 7
m tg e , g o ld , S 8 0 . 0 0 0 - . - n t f / l n t . a t In te r n a t. T r C o
B est™
B rid gew a ter W h it & R o c k , } 1897 * 5 g M - N
8 5 non N n v ^ l w
1st m tg e . g. $ 1 ,0 0 0 c * . n t f /I n t e r e s t a t A m e rica n T r u s t C o .^ B o sto n ^ 17
W e s t R o x b u r y & R o s l i n d a l e S t r e e t R a il w a y
D a te.
Interest.
Outstanding.
M a tu r ity .
N 9 £ eCentJ st? ? ’ g 0 ! ? ' SiO O .;} 1898
5 g J-J
27.500' J u Iv ' T ' io T r
o 2 ? t Subi eSt; *2 c a U — n t f / l n t . a t In te r n a t. T r u s t C o . . B o s to n T ru s te e
Stock and Bonds.— B y th o term s o f p u rch ase o f O ld C o lo n y b y B o s to n &
N o r . th e p r e f. s tock h old e rs o f b o th co m p a n ie s be ca m e 1st p re f. s to ck h o ld e rs
o f th o B a y S tate S t. R y .
P re f. s to c k is s u b ), t o ca ll at 120. T a x-exem n tG n
M a s s ., Incl. S tate in c o m o an d n o rm a l F ed era l in co in o ta x .
L is t e d o n
B o s to n S to c k E x ch . O f th e $ 1 5 ,0 0 0 ,0 0 0 B o s to n & N o r . b o n d s . $5 092 non
aro reserved to retire prior liens. R e m a in in g b o n d s can b o ia s u a l o n lv fo r
5 0 % o f c o s t o f a d d ition s and im p ro v e m e n ts . T h e se b o n d s h a v e n o sin kin g
fu n d a n d are n o t s u b je c t t o ca ll.
V . 9 3 . p . 1784. O f th e $5?379 000 1st M
b on d s o f th e L y n n & B o sto n R R „ $ 1 ,6 5 6 ,0 0 0 h a v e been c a n ce le d 1 T h e
c o u p o n n otes o f 1912 m atu re o n A u g u s t 15th as fo llo w s- T o 1 7
OOOi lO iS .?5 7 ,0 0 0 ; 1919. $ 6 4 ,0 0 0 ; 1920, $ 7 2 ,0 0 0 ; 1921, $ 8 0 000-’ 1922
1923, $ 9 7 ,0 0 0 ; 1924, $ 1 0 6 ,0 0 0 ; 1925. $ 1 1 6 ,0 0 0 ; 1926, $126 0 0 0 :
1927. $13 6 ,0 0 0 ; 1928, $14 8 ,0 0 0 ; 1929, $ 1 6 0 ,0 0 0 ; 1930, $174 000- 1931 ’
$ 1 8 8 ,0 0 0 ; 1932, $20 2 ,0 0 0 ; V . 9 5 . p . 618; $ 1 3 6 ,0 0 0 h a v o been r e t ir e d .19 3 1 '
D I V I D E N D S . — 6 % has b e e n p a id o n p r o f, sin ce 1908. In itia l d iv on
B a y S ta te St. R y . c o m .— 3% — p a id D e c . 30 1911; in 1912 Tune 2 ^ °
D e c 3 % ; in 1913, Ju n e, 234%; D e c ., 3 % . I n 1914, Ju n e, 2
D ec
2 3 4 % . N o n e sin ce.
/0’
’
R O A D .— See d escrip tio n u n d er M a s s , E le c . C o s . a b o v e

f88.°°0:

I N C O M E A C C O U N T O F B A Y S T A T E S T R E E T R Y . — F o r fis ca l v e a r
en d in g Ju n e 30 ( V . 101. p . 2 0 6 8 ):
1 o r iis c a i y e a r
1 9 1 4 -1 5 .' 1913-14.
G ross e a r n s ..$ 9 ,5 3 8 ,4 0 7 $ 9 ,614,153 D e d u c t t a x e s .
53,381 $ 6 4 3 ,3 2 3
O p er. oxponsos 6,8 9 7 ,7 5 2 6,4 2 7 ,8 6 3 B o n d ,& c .. i n t . 1 ,1 4 3 ,3 5 6
1 ,1 0 8 .6 2 4
R e n ta ls, & c ._
2 0 7 .8 2 7
20 0 lfis
N o t e a r n s . . $ 2 ,6 4 0 ,6 5 5 $ 3 ,1 8 6 ,2 9 0 D o m d i v s . (2 3 4 )5 1 2 ,9 3 0 (5 M ) 1077153
O th er in c o m e .
6 6 ,459
81,0 9 6 l s t p f .d l v s . ( 6 % )
164,916
1 6 4 .9 , 6
G ross I n c . . $2,7 0 7 .1 1 4 $ 3 ,2 6 7 ,3 8 6
B a l., s u r p ._
$ 2 4 ,7 0 4
$73 202
Latest E a rn in g s.— Y e a r en d in g Ju n o 30 1916, gross, $ 1 0 ,0 5 8 ,0 6 7 ; net
$ 2 ,6 8 5 ,1 1 2 ; in t., taxes, ren tals, & c ., $ 1 ,9 4 1 ,1 2 3 ; su rp lu s, $ 7 4 3,98 9
O F F I C E R S .— P r e s ., P a trick F . S u lliva n , B o s to n : V .-P . & T re a s C R
R o c k w e ll; V .-P . & G en . M g r ., R . S. G o f f .— V . 101, p . 69 3 , 845 1464­
V . 102. p . 1162, 1539, 1810, 2 16 5, 2253; V . 103, p . 406 , 9 3 7 ,1 0 3 1 . 1117. ’
(a) B o s t o n & C h e ls e a R R . — O w ns 4.37 m iles o f m ain tr a c k . L e a se d
t (L y n n & B oston S treet R y . C o . a t $ 7 ,2 6 0 p er a n n u m , e qu a l t o 6 % on
$1 2 1 ,0 0 0 s to c k , p a y a b le A . & O .
(5) B o s t o n & R e v e r e E l e c t r ic S t r e e t R y .
O R G A N I Z A T I O N .—-In co r p . Ju n o 24 1889. O w n s 3.7 1 m iles o f m ain
tr a c k . Leased fro m J u ly 1 1895 fo r 99 years t o L y n n & B o s to n (n o w B a y
S ta te S treet R y .) , w h ich gu aran tees in terost o n th o $ 5 0 ,0 0 0 m tg e . o f 1908
an d d iv id e n d s on $ 5 0 ,0 0 0 s t o c k fro m J u ly 1 1898 a t 5 % p er a n n u m .
STOCK AN D BON DS—
D a te.
In terest.
O utstanding.
M a tu r ity .
5 J -J
$ 5 0 ,0 0 0 See te x t
S to c k (par $ 1 0 0 ) . . . ................................
B o s to n & R e v e re E lec St R y } 1908
5 g M -S
5 0 ,0 0 0 S ent 1 1 9 2 a
$ 5 0 ,0 0 0 g old ( $ 1 ,0 0 0 )— c * / l n t . a t A m e rica n T r u s t C o ., B o s t o n . T r u s te e
Bonds. N o sinking fu n d , b u t b o n d s m a y b o ca lle d on a n y in terest d a te
on six w eeks n o tice .
(c) E a s t M id d le s e x S t r e e t R y .
. „J ?r/^ D A N IZ A T IO N .— O w ns 19.34 m iles o f m ain tra ck
L ea sed M a s 1
1893 t o L y n n & B o s to n (n o w B a y S ta te S t. R y .) fo r 99 years at a rental tin
l 9 o f * 24*000 fv518i 000 y e ? ri y in a d d itio n t o fix e d ch arges; th en till M a y 1
p - c e M

.

10E%

a
In terest a t O ld C o lo n y

!S8§ l
T ru st C o ., B oston .

Jgfe

Jan1

r

k

T h e lessee In th e lease agreed to s ta m p b o th Issues o f th e b o n d s w ith a
g u a r a n ty o f the Interost— p rin cip a l is n o t g u a ra n te e d . —v. 6 7 . p . 482 .
id) N a s h u a S t r e e t R a il w a y .— T r o lle y .
f
nT 11° i Nnn 7 ‘ n c o f ,) • A Vg 1885• O w ns 15.9 4 m iles o f m ain
t r a c k . O n J u ly 1 1900 w as leased t o th o L o w e ll & S u b u rb a n fo r 99 years
an d lease n ow runs t o B a y S ta te S tre e t R y .
y e a rs.
R ental.— D ivid en d s are p a y a b le J a n . a n d J u ly a t th o ra te o f 4 % In lo rn
6 % in 1902 and 6 % fo r th e rem ain in g 98 y o i r s o f le a s e ?
’
S T O C K , B O N D S , A O j—
D a te.
In terest. O utstanding. D iv .& M a t .
................................
$ 3 2 5,00 0 See te x t
S t o c k , $32 5,00 0 (p a r $100)
First m o rtg a g e,
$ 1 5 0 ,0 0 0 ,} 1901
4 g A -O
150 000 O c t 1 1 9 3 1
m .O O O ), g o l d . . .......... c * t f / l n t . a t O ld C o lo n y T r . C o . B o s t o n T r u s t e e .
B onds.— E n tire issue m a y b o ca lle d a t 105 an d a ccru e d in te re st.
(e) W in n is im m e t ( S t r e e t ) R R .
O R G A N I Z A T I O N .— O w ns 2 .0 9 m iles o f m ain tr a c k . L ea sed t o the
k $n5 0 .0 0 0 ? p ar $ 5 0 °

y0aM

° m 18 8 0 at 5 3 ,0 0 0 p or a n n u m -

A „i? ,tul,v 3f1 9 1 2 made a contract with the Boston Elevated Ry. for the
K n a l on S r^ n T v e ° Ver that c o m p a n y '8 tracks to the freight express
T^riSA7iiI?o1i r09 sll}?l5 fare unit raised from 5c. to 6 c.

“ *'1§i
Da“ -

! " ‘"

SL

K % 2 5 o S S ‘l m Mt S l t r “ “ -

Pref, $397,200 ($ 100 ) 6 % cum. . . . .
5 2 397 200 lin t M6 3<7
Bost & Wor 1st mortgage, $2,-1 1903 433 g F-A
2 40n’ nnn
1 '.n S
F
V
a
r n
C*H f terest at American Trust’ C o., Bos., Trus.
Pram So & Marl 1 st mtg . t f J -----5
60,000 Jan 1 1919
Notes payable Jan. 1 1916 . Unterest at American Trust C o.. Bos.. Trus.
* All held by B. & W. Electric CosT....................... 18 6,000 ...................
ii,^* 1ion5 dSoi^ 0 ‘?<7rpref' i3 ^ semi-ann. since Issued. On com. paid 3%
1904i also 3% scini-ann. until Dec. 1908 when 1
nain
/n
1909, June. 133%: in 1910, Jan., 13 3 ^ i n l 9 1 l i w
M
f i ,," 1
133%: Dec.. 133%. In 1913, 2’34%. In 1914.’ 3 % / ' \ n ° 1 9 1 5 ? 2 % % ?
REPORT.— For year ending June 30 1915 (V ini r>
$738,797; net, $307,671; int. & taxes. $170,025; dira pil’d S79°519’
elation, $12,000; surplus. $46,126.
(uvs- pala- 57y,519. depreROAD.— Owns and operates 83.39 miles of track.a considerable nnrMnn
u

r s s s

.

OFFICERS.— Pres.. William M . Butler: V .-P .. A . E Childs-Sec and
vT Toi’, p.U<1806; V ? 1 0 2 ? i,Gie6n25M gr’ ’ ° * D ’ Emmons— v - 99.' P- i299?
P U B L IC S E R V IC E IN VE STM E N T C O .

in = t 5 ^ NiIZ^ TION.’ &c-— Organized in Maine in 1909 to hold and to deal
In stocks, bonds, notes and other securities. On Oct. 30 1913 stock was
I?creased from $2 ,000,000 each of pref. and common to $3 ,000,000 each,
v • y / , p. lzo9.
STOCK.—
D a te .
In terest.
O u t s ta n d in g . D i v i d e n d s
Common $3,000,000 ($100)...............
F-A
$2,500,000
See text *
PrS
’ 00 B,0 ? 0 6 ^ ct/ m,,(S100)-----6 % Q-F
2,500.000 A u g ’ 16? 133
stock. Preferred stock is redeemable at option of company at 115.
BKckstenn
O w n e d ( S to n e & W e b s t e r P r o p e r t i e s ) .
® 1 --*$466.5001Tampa Electric C o . . . ___ b$205 000
JacksonvOk?
*500.0001
Gal v. Houston Elec. Co___ *500,000
Jacksonville
n o—
a ck so n v ille Traction
T r a c tio n C
o l . * 3 5 0 ’ non
000 Northern Texag E, c<}___ »500 poo
J
H o u g h to n C o u n t y E l. L . C o . *500 000
Sd. T r., L .& P ow .C o*l,466,800
H o u g h to n C o u n t y T r a c . C o . * 1 0 0 ,0 0 0 Pug.
Key West Electric C o____ a222,000
C o lu m b u s E le c . C o ________ alOO OOfl Key
West Electric C o____ *374,100
E l P a so E le c . C o ..........."
*600 000
* C o m m o n s t o c k , a P re fe rre d s to c k
See statem en ts o f the"se" co’m panies'V exc?>ntafhf.a i n ^

8 & . J "„c >9 1 2 - w

-

'»

i» a

litis ’

•S?,n ry^ 3 - BradlQe, R u ssell R o b b , C h a s . A . S to n e ,
E d w in S. W e b s te r , E lio t W a d s w o r th (P r e s .), J o h n W . H a llo w e ll. D w ig h t
V. K

T

l V

M

' ^

l ; 6^ . W

. ° A

? 8: V - 9 2 ' P ’ 4G 3: V ’ 9 5 ' p ’ 1 1 1 :

BOWLING GREEN, OHIO.
L A K E E RIE B O W L IN O O R E E N & N AP O L E O N R Y .
S afe.— T h e c o m p a n y ’s p ro p e rtie s w ere b id in fo r $ 1 4 0 ,0 0 0 a t fo r e c lo s u r e
) ^^ b y 1 h e o d o r e L u c e o f D e tr o it , re p resen tin g th e b o n d h d d e r s c o m m itte e . O n S e p t. 9 191 6 J u d g e K illits in th e U . S. D ls t. C o u rt
at T o le d o o v e rru le d a m o t io n t o s e t a side th e sa le. M in o r it y b o n d h o ld e rs
nia^ ° t n ? ,? 1 h ed (r o m .t,1° d e c is io n . T h e m a jo r it y b o n d h o ld e rs p ro p o s e d is I
r,aUF?Pd P /o p e r t y t o a v o id o p e ra tin g a t a loss b u t a tem p o r a r y
in ju n c tio n restra in in g th e m fr o m d o in g s o has be e n issu ed.
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io in 1902.

an d $ 1 . 0 0 0 ) -----------------------c * J I n t . a t U n io n T r . C o ., D e t r o it, T r u ste e .
E A R N I N G S . — F o r c a l. yea r 1 9 1 5 , g ro ss, $ 6 5 ,3 1 1 ; n e t. $ 1 4 ,0 2 1 .

.,P ° A D .— T w e n t y - fiv e m iles o f tra ck b e tw e e n T o n to g a n y , O ., an d W o o d S ^ d a r d g a u g e , 6 0 -lb . T rail.
C o n n e cts a t T o n to g a n y w ith O h io
E le c . R y . a t B ow lin g G reen w ith T o le d o B o w lin g G reen & Sou th ern
w aJ?R °in C o ; ; . atT P e m b erville w ith T o le d o F o sto ria & F in d la y R y an d a t
W o o d v llle w ith L a k e Sh ore E le c . R y . Fu rnishes electric lig h t an d pow er
a t B o w lin g G reen , as w ell as h o t-w a te r h e a tin g .— V 94 n 2 i»7 - v o f i r T
1 4 8 8 ; V . 9 9 . p . 3 4 6 ; V . 1 0 1 , p . 3 7 0 ; V . 103? p 4 0 6 , 6 6 6
P’
’
’ 96, P '

BRATTLEBORO, VT.
O R G A N I Z A T I O N .—
“ In c o r p o r a te d In C o n n e c tic u t on

S T O C K , B O N D S , E T C .—
D a te.
In terest. O utstanding. M a tu r ity .
S t o c k , par $ 1 0 0 -------------------------------J-J
$ 1 ,0 0 0 ,9 0 0
See text
N e w p o r t & Fall R iv e r 1st] 1898 5 F -A
240 000 A u g 1 1 9 1 8
m o r t g a g e ..............................t ffA m e r ic a n T r u s t C o . . B o s t o n , T ru s te e
C on s ol m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 ,} 1904 433 J -J
6 9 0 ,0 0 0 J u ly 1 1 9 5 4
g o ld ($ 1 ,0 0 0 )
c * & r t f ( I n t . a t A m . T r u s t C o . . B o s t o n , T rustee9 ' 1
N e w p o r t Illu m in atin g C o 2 d ) ------6 g
6 3 ,5 0 0 O c t 1 1925
)SSfrf?agei,j KO,d. - r ............ t f/C e n t r a l T r u s t C o . . N e w Y o r k , T r u s te e .
iMmds.— R em a in in g co n s o l, m tg e . b o n d s are rosorvod t o re tire p r io r liens
N o t red eem a b le.
V . 7 9 . p . 2 1 3 , 501 . 1462.
«*«™ ™ yn oru en s.
B O S T O N & W O R C E S T E R E L E C T R IC C O M P A N IE S .
is a v o lu n ta r y a sso cia tio n organ ized u n d e r a
s to c k l i o n nnn ,d Sted, D e?- 29 1902 . I t s jir o p e r t y con sists o f th e e n tire c o m .
A W o’rc«fi°pr°S? o m t s e - b o n d s a n d S 1 8 < 0 0 0 “ n o te s p a y a b le ” o f th o B o s to n
com
5 t' Ity ‘
h:aH i-s,sue<l 3 3 ,9 3 6 4 % c u m . p re f. shares and 3 4 ,614
each berorn Vho par ^alu0; b u t In ca so o f liq u id a tio n p re f. shares r e c e iv o $ 100
ton s to c k ^ = v b 2 ,p a rtlclPatI(?n o f c o m m o n . In J a n . 1905 w as listed on B o » In J u lv 190R
S to c k w as ln crea s« i t o p re se n t a m o u n t b y th e issue

silSi1“ S i f , ” M o f ' S J sf”i 6i,5tStol '" como- *91-5731908I ' l n d E I8 k Sl’„ ~ i o n o t ^ - 0 “ P fe f. 8t0<* . $ 2 , p a id J u ly 1 1904; 1905 t o
c i)

, •T‘ 1 i}CS-’ W illia m M . B u tler; V .- P . , A . E . C h ilds- S ec

&

V M O i ’, ? .1 1 8 8
2935^4? V?4190'381P5 :6 0 : " ’ P ’ 8 1 5 ’ 8 9 1 ' l7 '48:
B o s t o n & W o r c e s t e r S t r e e t R y .— T r o lle y .
O R G A N I Z A T I O N .— -In co rp o ra te d In M a ssa ch u se tts on N o v . 16 1 9 0 1
i n a m 5%miThl?nr0 .1 h
F ram in gh am U n ion Street R y ., F ra m ­
Ingham S ou th b orou g h & M a r lb o ro u g h S treet R y . an d the M a r lb o ro u g h
& Fram ingham S t. R y .
In M a rch 1907 M a s s . R R . C o m m issio n gran ted
rig h t to d ° an )°(?PIr<? ^ an d fre ig h t business o v e r en tire line.
O n F e b . 21 1911 M a s s . R R . C o m m . a u th . an Issuo o f $397 200 6 % cu m
($100) p re f. stock (a u th . b y s to ck h o ld e rs F e b . 2 191 1). o f w iilch $ 2 9 7,00 0
w as used t o retire lik e a m o u n t o f co m m o n issued in 1910 ( V . 9 0 . p 625 an d
rem ain der to fund flo a tin g d e b t .
V . 9 2 , p . 3 9 4 , 525 659 724.




F e b .. $ % :

E A R N IN G S .— F or year end. D ec. 31 1915, total incom e, $197,981- net
d e fic it* * !!’ 8 6 3 , 1 3 : pref’ dlv8, (6 % ) ’ s l5 0 -00° : ° ° m - d i v s - ’ (2 % ). $50.000

T W IN S T A T E Q A S & E L E C T R IC C O .

p o r t Illu m in atin g C o . E m b ra ce s 21 .4 4 m ! o t m ain t r a c k i n a n d b e t w e e n
N e w p o r t and Fall R iv er; also e le ctric lig h tin g
W as lw?s(yl on ln lv l T o m
for 99 years to the O ld C o lo n y S t. I t y . (sin co m erged 1 ^
n ow th e B a y S tate S t. R y .) fo r a r e n L l o f 6 % T e r ?n n u m a n d K S '
T h e M a s s . E le c. C om p a n ie s d isp o se d o f Its h o ld in g s in Feb^lQOS *0 0 b ° d '
In O c t . 1915 issued $50 ,9 0 0 a d d itio n a l s t o c k a n d $12 3 ono* b o n d s m ac
c o r d a n c o w ith lease t o B a y S ta te S t. R y .
812 3 .0 0 0 b o n d s In a c -

-

11

J u f n ' f ^ 0 0 - '‘ “ d “ “

C a p ita l s to c k

i f) N e w p o r t & F a ll R iv e r S t r e e t R y .

? & :S 5 o 7 .r i t&

ahp

on

io o r

IIoosTcl? F a u Ign L m 0in(tytin8g3 C ^ ’.
O ct
a W r J t o e S t 0 jb h n th tl
E le c tr ic C o . an d in A p ril 1914 th e C a s ca d e T t f i S
n „e
J° b n s b u r y
E le c . C o . Furnishes1gas,^ c l l c & i c 1 ® S id n o w e r T o D o v e r
B e n n in gto n an d B r a ttle b o r o , V t .; also ele ctric f ig h t an d p o w e r t o R o ch ester
°iTd ' S o ™ ersw o rth , B erlin, M ila n , G o rh a m and I lin s n ' 1iV u t ''p a o ^ h f lnU ry’ i S t ‘ J ° b n s b u r y C e n te r, P a ssu m p sic, D a n v ille
W ^ x r D a ? v b ° v ^ ? f i b B e n n ln g to n , B e n n in g to n C e n tre , W e s t B r a ttle b o r o
M
e ., ^
b o J ic i F M l I ^ N V th Be,r w lc k ■ S o u th B e rw ick an d L e b a nRon
A ie
ana H
h o o s ic k r a i ls , N . Y . , an d op e ra te s th e B r a ttle b o r o St
v?
P ros. Sam uel In s u ll, in a le tte r d a te d M a r . 25 1916, s a id , " a l l th e D rincinai
franchises w ere g ra n te d b y th e S ta te L egislatu re an d h a v e been c o ^ s tH ie d fiy
cou n sel as p erp etu al "
C o n tr o l is h e ld b y th o N a tio n a l L ig h t H e a t ^
t i^ C o

in ’0C?tn.1 9 1 2 ? W V ? 9 5 ? p . ‘ lVsO?* a c q u ir c d b y th e -N Iiddle ' ^ t U tilL

ST O O K _A N D _ B O N D S —

D a te .

Common. $2,500,000, ($ 100) ...........

Pref (5 %cum) $2,500,000 ($ 1 0 0 )____

In terest.

’

I I ............

O utstanding.

si

*50 CKJO

M a tu r ity .

5 i5 n n n o n

1st & r e f M $ 1 0 ,0 0 0 ,0 0 0 g o l d f 1913
5 g A -O - *998 100 O
O ct
ct"l"f9 5 3
($ 1 ,0 0 0 , $500 & S 1 0 0 )c * c p t (G u a ra n ty T r u s t C o . N Y ’ T ru stee
1st* r esf iMo .hJm
1 .-----5 0 0 .0 0 0 sg ($ 5 0 0 1 .1 9 0 6 433 A -O m ’ if .u
.6 4w0.u
.6u0u0 oOc t^ ' ll 1926
1926
lum
—'b ia
’ T
mr u s t- C
—o . N
-- Y
— T
—riiston
&. s i j i u u j ---------------------c * t f l I n t. a t C oolu
C o n v e rtib le g o ld n o te s $ 1 ,-( 1913
5 g A -O
763 2 0 0 O ct i io w t
000 .0 0 0 ($ 1 ,0 0 0 . $ 5 0 0 , a n d } In te re st p a y a b le a t N e w Y o r k
’ 1 19^ °
3100)
.
--------c * . n t f [U n io n T r u s t C o . , T r u s te e .
'
5-year d e b e n tu re s $ 3 2 5 .0 0 0 ...............
5
300 500
5
125 000 S R n t~ V io 5 £
D o v e r G as L ig h t c o n m o r t-} 1905
tt Bi i B r t 'r M a - p ? ---------. . . t f /U n io n S afe D e p . & T r u s t C o . , T ru ste e .
U <950 non & E e c ' m o U g a g e } 1897
----------250 ,0 0 0 Sept 1 1 9 1 7
_ 5250 ^ 0 0 0 - - - . . — - — n t f /U n io n S afe D e p . & T r u s t C o . , T ru ste e
B ra ttle b o ro G a s L C o m t g . n t f 1903
5
67 000 F eh 0 *10 0 0
H ooelck F alls I ll u m l n a f # C o l . . " I
75 500
19 35
$ 1 5 0 .0 0 0 .......... ............. . t f C o lu m b ia T r u s t C o . N Y
T ru s te e
H o o sick F a lls E le c t r ic C o ) ................. ....
’
65 000
1930
$ 7 5 ,0 0 0 -—
-------t f f O l d C o lo n y T r u s t C o . . B o s t o n , T ru s te e
B en n in gton W a te r P o w e r & } _______________
kanon 1 0 9 3
& L ig h t C o $ 1 0 0 , 0 0 0 . . . n t f )A m e r ic a n "L o a n '& T r u s t C o ’. ? T r u s te e
B e n n in g to n W a te r P o w e r
_______________
t o tnn , qoq
i 3 ° , q 00 ^ ...
n t f /O W C o lo n y Trus't C o . , B o s t o n , T r u s te e .
B e n n in gto n E le c t C o $ 1 7 5 .-) . . . .
ga s o n 1 9 3 5
-------v ;r -----------------t f (C o lu m b ia T r u s t C o . , N . V . , T r u s t s
r aJsca
S dt ee LTig^h tEi&9P o° wl es rt C
r fo-___
- t f______
1909 5 ______.
M'S ...
81
0 ,0
.0 0
00
0 M a r 1 192 9
C
7
* In clu d e s 8 9 1 6 ,1 0 0 p le d g e d as c o ll, t o c o n v . g o ld n o te s .
,9i 9 -0 0 0 l s t ,& re£-J5'3 are reserved t o retire u n d e rly in g b o n d s .
A d d itio n a l b o n d s m a y b e issued fo r im p ts . a n d a cq u is itio n s a t 8 0 % o f c o s t ,
p ro v id e d n e t earns, are a t least 134 tim e s th e in t . charges o n a ll bond s o u t -

sta n d in g . Inch th ose to b e ce r tifie d .

1st & re f. 5 s w a n d , o n o r a fte r O c t 1

c o n u n c n c e f D e c . '^ i
T m " T h e \ V v e r 7 i t f o note^
are c o n v e r tib le in am ou n ts o f $10 0 o r m u ltip les th e re o f a n y t im e be­
f o r e m a tu r ity in to 1st & ref. 5s. th e n otes t o be taken a t p ar a n d th e bon
a t 9 3 . C a lla b le as a w h ole o r in p a rt o n a n y in t. d a te a t p a r. $ 9 1 0 ,1 0 0
1st & r e f 5s are pledged as se c u r ity fo r th e Issue. V . 9 8 , p . t o o .
1 D iv id en d s.— 5 % yea rly h as b e e n p a id r e g u t o r iy io n p r e f. s t o c k 1907.
E A R N I N G S .— F or year e n d in g D e c . 31 1915. gross, $ 5 4 3 ,8 2 0 . n e t , » 2 i » ,
66 4 ; b o n d Interest, $ 1 3 6 ,2 6 8 ; s u rp lu s, $11 2 ,3 9 5 .
K O A D .— O perates 5 m iles o f tra ck in B ra ttle b o r o .
O F F I C E R S .— P res ., Sam uel l In su ll; V .- P . , I I . L . O lds S o ..., O . L . H al
s te a d ; T r e a s ., A . D . F oster. G e n . o ffic e s D o v e r , N . H .— V . 8 3 . p . 4JJ .
V . 9 5 , p . 1750; V . 9 8 , p . l o 6 ; V . 102^ p . 1988.

in o p e r a tio n A u g . 4 1913 (V . 9 7 . p . 297) an d th e o th e r ^ o w w e p l a c e d l n

operation from tlmo to time d u rin g the year 1914-15.

The rwonstructM

Sea B ea ch line w as p la ce d in o p e r a tio n M a y I 1915 fro m S ix ty -fir s t Street
an d T h ir d A v e n u e to C o n e y Isla n d. T h e F o u rth Avenuei S u b w a y w as
fo rm a lly o p e n e d Ju n e 22 1915 t o S ix t y -fift h Street. T h e e xten sion
t o 8 6 th S t. w as p la ce d in o p e r a tio n Jan . 15 1916. O n Ju n e 24 1916 cue
N o w U tre ch t A v e . elo v a te d bran ch o f th o F o u rth A v e . s u b w a y w as p la ced
in o p e r a tio n as far as 62d S t. an d o n J u ly 31 1916 line w as o p e n e d t o 2 o th A v .
(c) S u b w a y lino exten d in g fro m 6 th A v e . a n d 14th S t ., M a n h a tta n ,
across M a n h a tta n , u n d er th o E ast R iv o r , t o N o r t h 7 th S t ., B r o o k ly n , and
th en co part su b w a y and part ele va to d th ro u gh tho E astern D is tr ic t b y M e t ­
r o p o lita n , B u sh w ick , J oh n son an d VV yckoff A v e s. to jo in tho C y p r u s 11 ills
lino. C o n tr a c t fo r tunnel u nd er E ast R iv e r w as signod F ob . 29 1916.
[d )
. S u b w ay line In B ro o k ly n c o n n e ctin g M a n h a tta n B rid ge w ith th e

**r [T^a' 1d 1tl onCt o 11 h o' a b o v e , th ere aro several exten sion s o f present lines to
be b u ilt b y th o c o m p a n y as well as th ird tra ck in g an d m akin g a d d itio n s an d
im p ro v e m e n ts to existin g lines, so m e or w hich h a v e a lre a d y been c o m p le te d
and o th e rs are expected to bo co m p le te d in th e near fu tu re . S ee re p o rt fo r
A ls o furnish es e lectric ligh t and p o w e r, gas an d steam h ea t.
y e a r e n d in g JuneP30 1916 in V . 103, p . 413 . T h o c o s t o f co n s tr u c tio n t o
O R G A N I Z A T I O N .— O rga n ized S e p t. 21 1893. A gas p la n t w as c o m
D ieted in 1906. Franchises p e rp e tu a l. In D e c . 1913 R ic h te r & C o . or th e c it y o f lines in tho D u al R a p id T ra n sit sy ste m under c o n tr a c ts N o s . 3
a n d 4 (in cl 'b o t h th e In te rb o ro u g h an d B. R . T . soction s) n o w u n d o - c o n H a r tfo r d , C o n n ., p u rch a se d c o n tr o l o f th e p r o p e r t y .
V . 97, p . Ib b 2 .
In A u g u st 1908 a s to c k d iv id e n d o f 5 0 % was d e c la r e d , Increasing o u t- s t m e tio n was o rig in a lly e stim a te d at $ 16 4,29 1,0 79 (n o t in cl. allo w a n ce s fo r
the*expenses o f t h e P . S . C o m m .), an d th o to ta l c o s t o f c o n s tr u c tio n and
e o u in m lS t T o the B . R . T . at $ 6 5 ,0 0 0 ,0 0 0 .
It w o u ld seem , h o w e v e r th a t
B*^n^O ct.a ?914a stock^vas°lnc'reasod^from $ 3 7 5,00 0 t o $ 5 6 2 ,5 0 0 , now s to c k
th e c i t v ’s c o n tr ib u tio n w ill h a v e t o bo in crea sed, in asm u ch as a re p o rt p re« ^ r ^ h v C o m m it lo n e r T r a v is II. W h itn e y and C h io f o f R a p id T ra n sit
bo R o y yT C Ila rk n css s u b m itte d t o th e B o a rd o f E stim a te in J u ly 1916.
ohnwrni th a t the total c o s t to the city o f co m p le tin g said c o n t r a c ts w o u ld
l8t($5^or a n ! $ l $ 000)000 , ^ “ I l n t S e r t ^ firto to ? N a t i o n s B a n k * B rtotol. o xceed th e original estim ate b y noarly $ 2 2 ,0 0 0 ,0 0 0 , d u e c h ie fly to th o higher
($ o0 0 a n a $ i ,u u u ;............. - \ T reasurer o f S ta te o f C o n n e c tic u t, T r u s te e .
c o s t o f la b o r, m aterials and b o rro w e d m o n o y as represen ted b y in terest
' „ ' ; , „ hnr,,is
son V 103. P. 238 .
In a d d itio n , thcro m u st bo
Bon,ls — A re s u b je c t t o call a fte r 5 years at 102: a fte r 10 years a t par
D iv id e n d s — In 1899 t o 1909, in c h , 6 % p e r a n n u m ; 1910, 7 % ; 1911 t o a d d e d $ 3 ,5 4 5 ,0 0 0 fo r expenses o f th o I’ . S. C o m m , an d $ 4 ,1 9 4 ,7 9 7 fo r the
1913, in c h , 8 % ; 1914, 1 0 % ; s in c o , 8 % p e r a n n u m .
c o s t o f th o Q u een sboro tunnel m a k in g a i
*^d * 1033*— A s
D31 X76
See under R a p id l ransit in N ow Y o r k in v . lo .i, p . t u o o . a s
E A R N I N G S .— F or years e n d in g Ju n e o(L
o f Jun e 30 1916, the N . Y . M u n ic ip a l R y . C o r n , had o x p o n d e d o n a c c o u n t
R ailway
Railw ay Gas c'c E lec•
Interest
. . .
.
o f c o n tr ib u tio n to c ity -o w n e d linos, $ 1 1 ,1 4 8 ,8 3 5 : o n a c c o u n t o f e q u ip , o f
Y ear— G ro s s '
N et.
L tg ., N et.
A Taxes. D ivid en d s. Surplus.
1916 $119,311
$ 4 0 ,4 6 4
$ 5 4 ,7 2 8
$ 30 ,500
$ 1 5 ,0 0 0
$19 ,602 d t v - o w n e d lines. $0 ,1 5 3 ,1 2 0 ; anil fo r a d d ns, o xts. anil im p ts. o f oxistin g
i o i r ' ® t n s q 47
30 901
53.644
38,602
3 0 ,0 0 0
15,943 lines $‘>3 532 620; a to ta l o f $ 1 0 ,8 3 4 ,5 7 5 . T h o th ird track on tho F u lton
I tO A D — O perates a b o u t 1354 m iles o f track laid w ith 56 and 6 0 -lb . r rail St u’no betw een M a n h a tta n J e t. an d N o stra n d A v e . w as p la c e d in o p era ­
T h e third track o n tho B r o a d w a y lino fro m Ila v o m o y o r
fro m B ristol t o P la in ville, w ith bran ch es t o L a k e C o m p o u n c e a n d to tio n D e c 27 1015
S t t ^ M y r t l e A v e . w as p la ce d in o p e ra tio n Jan 17 1916.
O p e r a tio n o f the
T e r r y v illo . S tan d ard g a u g e , 32 ca rs, 3 snow p low s and l w ork car.
The N . Y .
O F F I C E R S .— C h a irm a n o f b o a r d , C h a s . I f . T e n n e y ; I r o s .. A - B . 'T en­ L ib e r ty A v e . e leva ted exten sion w as b e g u n S e p t._ 2 5 1915.•
M u n R v . C o r p . has been gra n ted exten sion s o f tim e to J u ly 2 / l j i s anu
n e y v . - P . , D . E . M a n s o n ; S e c .-T r e a s .. M o r ris ^ / T i f f a n y . B r i s t o l , C o n n .,
F eb 2 1918 w ith in w h ich to c o m p lc t o c o n s tr u c tio n an d b e g in o p e r a tio n o f
M a n a g e r , G . E . C o c k in g s . G en eral M a n a g e rs , C h a s . I I . T e n n e y & C o .
a dd ition al tracks on tho F u lton St. an d B r o a d w a y e le v a te d U nos.respectiv cly
V . 9 5 . p . 1330; V . 9 7 . p . 1662; V . 98^. p . 154 . 1535.
Seo N Y M u n icip a l R y . C o r p .— org a n ize d t o carry o u t c o m p a n y s
agreem en t w ith c it y — on a su bsequ en t p a ge .
iw n r e d
BRISTOL, VA.-TENN.
A s to fin a n cin g o f th e new c o n s tru ctio n w ork b y th o B - R - T . , see S ecured
O R ! JANUZiVIH O ^L— In c o r p . In V irg in ia . W a s fo rm e rly th e B risto l B e lt G o ld N o te s in table below and text rc at n g th e ro to . and also V . 94. p. 1694.
R
e
m
a
in
in
g
$2
0
,0
0
0
,0
0
0
n
otes
w
ero
sold
in
O
c
t
.
191.».
V . 101. p . 1188.
L in o R v C o . b u t on S ep t. 7 1911 filed a c e r tific a te ch an gin g n a m e t o a b o v o
T h o Brooklyn City lilt Co is held under a 99 9 -ye a r lease d a te d F e b . 14
t itle , and Increased a u th . s to c k fro m $10 0,00 0 to $ 3 0 0 ,0 0 0 , an d par o f sha
18 9 3 gu aran teein g all fixed ch arges, o rg a n iz a tio n expenses taxes and 10%
frnm *xn t o <100
V. 9 3 . D. 1323. O w ns en tire sto ck o f H olston V alley K y.
In S ep t 1916 Pres. D u la n e y a n n o u n ce d th a t o n O c t . 1 1916 s e r v ic e o n d iv id e n d on $ 12 ,000 ,00 0 o f s t o c k . T h e Icaso is n om in a lly t o the B rook lyn
H eigh ts R R . C o ., b lit the B ro o k ly n R a p id T ra n sit C o . ow n s the en tiro c a p ­
t h e c o ’s 3-m ile b elt lino o n tho V irgin ia sid o o f B ristol w o u ld b o d is c o n ­ ital s to ck o f th e B ro o k lyn H eights C o . In 1898 th o H eigh ts C o m p a n y
tin u e d as it c a n n o t bo p r o fita b ly o p e r a te d b eca u so o f jitn e y c o m p e titio n .
1 he lease w as re­
STOCK A N D B O N D S D a le . In terest.
Outstanding
M a tu r ity . leased the B ro o k ly n Q ueens C o u n ty <Sc S u b u rban R R .
n t e d y ear b y y e a r, rental being fixe d ch a rge s, taxes and orga n iza tion oxnenses y O n July 1 1901 th e B. Q . C . & S, began o p e ra tin g sep arately again .
B n A p ril 1 189'.)ythe H eigh ts C o m p a n y te m p o ra rily leaswl th^ loo-H frM um atrie R R .
L ater perm an en t lejvses w ere m a d e , b u t on Ju n e 30 1901. presum a
bly in co n se q u e n ce o f a decision ( V . 79, p. 102) co m p e llin g th e Issuance Qf
transfers the lease o f th e N assau E lectric R R . was ca n ce le d .
- ———
'l'h e B rook lyn H eigh ts R R . In A pril 1899 leased fo r th e period o f 999 years
1 O F F I C E R S .— P resj* B . L . D u la n e y ; V ,-P . & G e n . M g r ., F r e d . D u la n e y , th o P ro sp e ct Park & C o n e y Island R R ., tho N ow Y o r k & C o n e y Isla n d R R .
S ec. & T r e a s ., W in . E b o rh a r t.— V . 9 3 . p . 1323.
and th o P rospect Park St S outh B ro o k ly n R R ., b u t th o leases o f these c o m Danles w ero assigned in M a rch 1907 t o S ou th B r o o k ly n R v ..w h ic h h ad boon
BROOKLYN, N. Y.
se m d re d b v pu rch ase in F eb 1902.
V . 74. p . 479 .
In J u ly 1012. h o w e v e r ,
the* South B ro o k ly n R y . acq u ire d 495 o u t o f 500 shares o f P. P. & S o.
R R O O K I Y N R A P I D T R A N S I T — (See M a p s , pages 15 and 1 6 ).
„
O R G A N I Z A T I O N .— O rganized Jan . 18 1896 per plan *fn .
°}?* n B k ly n . s to c k and 820 o u t o f 1,000 shares o f N . Y . & C . . ( . 0 o , P* 4 / ) .
and In O ct 1915 w as au th . to pu rch ase th o l . 1 . * O . I. R R . v . 101, p .
ah n i i<i i to su cceed t o th e p ro p e rty o f th e o ld L o n g Isla n d Fraction
1464)
A s o f Sept. 16 1916. h o w e v e r, this tran saction w as still p e n d in g .
C o m p a n y . f o 'r ^ l o s X ^ y n d l c a t e P h<£ded b y th e late e x -O o v e r n o r F low er
T h e S o u th B r o o k ly n R a ilw a y o w n s th e d o u b le -tra ck road e x te n d in g
h a v in g then b o u g h t c o n t r o l.
Is not a railroad c o lo r a t i o n ,. bu t.w asi or
from N ew Y o rk B a v near 38th St . B r o o k ly n , t o 38th St. noar 9th A v o .,
B ro o k ly n an d in Jun e 1907 in crea sed Its s to c k fro m $ 1 5 0,00 0 t o $ 5 0 0 ,0 0 0 . •
Purchase o f Coney Island A Brooklyn M i .— In D e c. 1913 the s u b sid ia ry
" A S S E T . ' - T h e r o & f g ’ S f . r a r a . K f or t b , . t o c t a » » d b o n d , o w n e d C o n e v Island & G ra vesen d R y received perm ission fro m th e I . 8 . C o m m .
?o purch ase $2 6 3 7 .0 0 0 o f th e * 2 .? 8 3 90tf o u ts ta n d in g s to ck o f th o C o n e y
b y th e B r o o k ly n R a p id T ra n sit systein M a r c h 31 191b.
Idl'inrl it B rook lyn R R . V 90. p 10JO. 1088. V 9 / . P ■ 18.L
On M a y 21 1904 th e B ro o k ly n Ilo lg h ts R a ilroad C o . signed an aKre0"
E n tire ca p ita l s to c k B r o o k ly n H eigh ts R R . C o . ( p a r ) . . - - - . - - * 2 0 0 ,0 0 0
E n tire ca p ita l s to c k B k ln . Q ns C o & Su b iirban (U t. C 0 . ( p a r ) .
2 .0 0 0 .0 0 0 m ent w ith th e c ity fo r o p e ra tio n o f tro lle y cars o v e r th e new W illia m sb u rg
2 01 3, 2386.
Surraco cars b egan t o cross this
E n tir e c o m . s to c k o f th e N assau E le ctric R R . C o . , par - - - - - - 8,50U,UOU nViotre Xee V 78 o
B H d ffp 'in N o v 19 0 4 ’ V 7 9 . p . 208 4. L a te r th e B ridge O p e ra tin g C o .
63 9 4 3 .7 5 shares o u t o f 65,0 0 0 shares o f th e 4 % cu m u la tiv e p r e f.
s tock o f N assau E lec. R R C o ., p a r -------- ----------------------- 6 .3 J 4 .3 7 5
w ^ sF orm ed w iih $ 1 0 0 ,0 0 0 ca p ita l
79
4 7 ,8 5 9 .8 5 shares o u t o f 50,000 shares o f th e 5 % n o n -cu m u la tiv e
* nref s tock o f th e N ow Y o r k C o n s o lid a te d R R . C o . p a r . . - 4 .7 8 5 .J85 p ° 6 26 ^ y T h ro u g h e fe v a ? e d t r a fn 0s e ° v f t e o ev e r ^ h ifw d U a m s b m g h B rid g e was
P- 02b. 4
litio n x
O n A uk 31 1915 tho c o n tr a c ts betw een the
134 308?31 shares ou t o f 139.000 shares o f th e c o m m o n s to c k
c o m B » ^ operating6o v c ? 8tho^Hvilliainsburgh B ridge a n d th e c R y , n a m ely
o f th e N ew Y ork C on s o lid a te d RR C o ga r
—
- ............... 1 3 -430.831
E n tire stock o f C o n e y Island & G ra vesen d R y . C o ., p a r ...............
3 « i yuo Hie B ro o k ly n H eights R R ., tho B rld go O p e ra tin g C o ., ^ho C o n e y Island &
lirn e k iv n U R an d the N ow Y o r k R a ilw a y s, as assignee o f tho N ow Y ork
6 47 .82 shares o f B rook ly n R a p id T ra n sit C o ., p a r............................
61.782
E n tir e c a p ita l s to c k o f S ou th B ro o k ly n R y ., p a r - - - - - - - - - - - - - 5 00 ,000 C it y R a ilw a ys w ere term in ated b y B rid g o C o m m . K ra ck o , b u t o p e ra tion s
a r o b e i n " co n tin u e d a t the requ est o f tho c it y under te m p o ra ry perm its
9 ,8 0 0 shares o u t o f 10,000 o f th e A m erican R a ilw a y T r a ffic C o .
(ow n ed by T ran sit D e v e lo p m e n t C o .) , par — -----------------------iK n ’ nnn pe n d in g ^e^^ U ation s fo r a new c o n tr a c t. O n N o v . 15 1912 th e A p p e lla te
Ivision o f the S up rem e C o u r t, F irst D e p t ., a ffirm e d the ord o r o f the P . S.
E n tire ca p ita l stock o f th e T ra n sit D e v e lo p m e n t C o . , p a r .............
6?n 'n n o
500 shares o f th e B ridge O p e ra tin g C o . , p a r .......................................
50 0 UU Com m dsskfn re d u cin g1? h ijT a r e ch a r g e d o v e r the W ill lam s bu rgh B rid ge fro m
fn 9 rnnts or fchreo tick e ts fo r 5 ce n ts .
V . 9 5 , p . 14U*i 1
.
D ecision in Suit A gain st Brooklyn City RR,— O n Ju n o 8 1912 the A p p ella te
D iv o f X Y S up rem e C o u r t . 2cl D e p t ., h an ded d o w n a u nanim ous decision
afnrm inK t o the e x te n t o f $ 1 ,7 4 0 ,2 5 8 p rin cipa l (w ith in t. fro m M a rch 3
500 shares B k ly n . & N o rth R iv e r R R . C o - - - - ................................
io ooo
1910,
19 ^1 o T a am
^ o uou
nn
Utin
n ^gt oto$ is
1 i.o io .o
. n u ,6
1 „ ,6, ^ 7 . v ! *7 07 0 V/ as Tmn 'binA th
'h no «n
^ ilh
R
100 shares D e K a lb A v o . & N o . B k ly n . R R . O o - ------------------------2 500 b v th o low er C o u rt (V . 90. p. 558; V . 8 0 . p . 1174; V - 7 0 , p. 841) in tn o suic
(begu n in A pril 1900) o f B ro o k ly n H eigh ts R R . again st th e B ro o k ly n C it y
25 shares C o n e y Island & B r o o k ly n T e rm in a l, C o . - - i n OOO
R R . to reco ve r m on eys w h ich th o H eigh ts C o . c la im e d should h a v e been
100 shares B ’ w a y S u b w a y & H o m o B o r . C a r A d v . C o ...................
—
expen d ed b y tho lessor in fu lfilm e n t o f tho term s o f th e lease o f I* ob . 14 1893,
B on ds.
$ 4 0 ,8 )4 .7 7 3
u t m o d ifie d the Judgm en t o f th e low er 5 o i’ r‘nb|Rf tcU^ ln9g4 ,n ‘ er^ « 5 * 1625*
• 1 st M 5 % b o n d s B k ly n . Q ueens C o . & S u b . R R . ( p a r ) . . - - - - - $ 2 ,0 0 0 ,0 0 0 b
th e a m o u n t o f th e m o d ifie d Judgm ent S I .7 4 0 .2 5 8 .
V 94 p. l5 6 o . 1625.
1st con M B k ly n 9 'n s yC o > S u b .(o w n e d b y B k ly n . U t 8 C o . ) 50.000
•1st m ortg age 5 % b on d s B r o o k ly n C it y R R .-J g a r )...........................
1 ,7 2 R 0 0 0
• R efu n d in g gold m tg o. 4 % ..B r o o k ly n C it y R R ................................
nnn
• G old 5 % b on d s B rook lyn R a pid T r a n s it .
.......... .......................
Rfic nnO
R o f m tg 4 % b on d s B ro o k ly n R a p id rra n s it C o - - - - - - - ----------- 2 0 nbb.UJU
R e f m tg 4 % b on d s B . R . T . (o w n e d by N assau E l. R R . ) .............
1.76 .000 ^f^w hich M O ^^O O ^w M ^paS
o
!
a
m
0rt he^l ^l auu: e w as
C on s ol m tg 4 % b on d s N assau E le c R R ---------- - - - - - ----------- Ts . - - l.t o i.o u u
S a S b l e 1l f q u a r ? e r l v fnsPt a l l m B d f o f $ 5 0 ,0 0 0 w ith in t. a t 5 % (see annual
C on sol m tg 4 % b on d s Sea B e a ch R y . (o w n e d b y N assau L le c .
9 9 .^00
r r . C o . ) ----------------------------— ----------------------------------------------------s h oo e v e r 'w e r o an tfclpated *and'th e'la.st $ 2 0 0 ,0 0 0 ^ e r e p a l^ d u r lM ^ h 'e O^mon0 ^
Jam a ica & B rook ly n m tg o . b o n d s . ....................................... - ................ *7 7X6 000
e n d i h r o e c 31C^foil? I t w u e x p e cte d th a t th e Kill 10 % d iv id e n d w ou ld
N . Y . M u n icip a l R y . C o r p o r a t i o n . . -------- — .................................57 i x n n n
C o n e y Island & B rook ly n first co n s o l, m o r tg a g o ..............................
7 x 9 nnn
C o n e y Island & B rook ly n co n s o l, m o r tg a g e .......................................
7 nno
In fix in g sp ecial fra n ch ise ta x . see V . 91, p . 15 1. I<or s o ttlo m e n to f ta xes
B r o o k ly n C it y & N ew tow n m o r tg a g o ................................................... ~ o
_______
$8o,7o7,otHJ f0r|L^^” sa(l<T m n s / ^ j. — O u M a r U27 i9 1 4 P u b lic So'rvice C o m m issio n Issued
*T h n pnMrn a m ou n t o f B . Q . O . & S u b . RR. 1st 5s and B k ly n . C ity RR. an ord er pro v id in g fhr a universal system o f transfers a m o n g su rface
1st 5 s ' also $12 5,00 0 o u t o f th o $ 7 2 5,00 0 B . C . RR. ref. 4s h e ld , and $25 ,000 fines hi B ro o k ly n , and this was a cc e p te d b y th o several o p e ra tin g co m p a n ies
o u t o f th o $30 000 B . R . T . gold 5s and $ 2 5 0,00 0 B . It. T . r e f. m tg e . 4s h e ld , In th e B rook lyn R a p id T ra n sit S y s te m , an d b e ca m e e ffe c tiv e Ju n e 1 1914.
i m p o s e g u a ra n ty fu n d fo r p e rfo rm a n ce o f B ro o k ly n C it y RR. C o . ’s lease
T h e ^ n e w o rd e r "m ade a total o f l'o O S transfer p o in ts as a gain st 721 b efore
N ew Subways and E xtensions.— An agreem en t was teach ed ln M a y 1912
as to how th e rou tes o f th o new dual su b w a y sy ste m ln lowOT M a n h a tta n ‘ b r f r r a ^ i T o m l ^ t C o l ^ s B i r g a n i z L l ^ In A pril 1903 u nd er the
sh ou ld bo a p p o rtio n e d betw een th e In te rb o ro u g h and B k ly n .. R a pid I ran^JJ* B u s !n ^ s C o rp o ra tio n Law*, w ith $25 ,0 0 0 c a p ita l, and Is ow n e d ex clu siv ely
and th e C o u rt o f A p peals at A lb a n y h a vin g on Jun e 29 1912 a ffirm e d the 1 , thn intprm t n f tho B ro o k ly n R a p id T ra n sit C o .
It is au th orized t o
d ecision o f Ju stice B lackm ar ( V . 94. p. 1057) h o ld in g t o b e co n stitu tio n a l m an u factu re and se lf p o T c r and to d o general c o n tr a c tin g w ork
On
th e term s o f th o p roposed c o n tr a c ts w ith th o In te rb o ro u g h e n d B . R . 1 . , M a rch 1 1907spoclal arrangem ent was m a d e b y w hich t h e c o n c e r n will furnish
fn r m ii rnntrTPts w ere draw n u p b y th e P . S. C o m m , and w ere signed on nnw er and take ch arge o f the m ain ten an ce and repair o f all th e railw ay
M m 1 ^ 1 9 1 3 . V 96 , p 8 6 2 . See c a p tio n " R a p id T ra n sit In N e w Y o r k
In Ihn nrn n k ivn R a p id T ra n sit s y s to m . Inclu din g their o q u lp C i t y ” In V . 9 4 , p . 1384, 1449, 1566; V . 9 5 , p . 4 8 . l l l i 23 7 , 1040: V , 96. E i 8r v 8 * ! 11 669 In Ju n e 1907 capital s to c k was Increased to $ 5 0 0 ,0 0 0 .
n 63 136 488? 716, 864. T iio new s u b w a y linos, b u ilt and to bo b u ilt
M . i f D5e% o p V e « ' p r i ^ B e c . l l B W l f c . tr a c t o t . b o a t
jo in t ly b y th e B ro o k ly n R a p id T r a n sit and th e c it y are as fo llo w s:
(а) S u b w a y line traversin g th e B o ro u g h o f M a n h a tta n fro m
B a tte ry
t o 59th S t ., m ostly on B r o a d w a y , and c o n n e c tin g b y tunnel u nd er th e E a st A d v e rtisin g C o on A pril 30 1915. the c o m p a n y d e cid e d to h a n d lo th e a d v eru iv e r w ith su b w a y lines In B r o o k ly n , w ith rights o v e r th e B r o o k ly n , M a n ­ t is ln g ^ le n d in g anil now s p rivileges Itself, and o n M a y 21 1915 tho I roa d ­
h a tta n W illia m sb u rg and Q u e o n sb o ro brid g e s.
(T h e B o a rd o f E stim a te in w a y S u b ^ v and H o m o B o r o u g h s C a r A d v e rtisin g C o . w as In co rp o ra ted to
J u ly 1915 d e cid e d t o m ake th o c o n n e c tio n w ith th o Q ueen s lines b y tunnel
u n d er th o riv er Instead o f o v e r th e Q u e e n sb o ro B rid ge . C o m . V . 101.p . 15o4. ° a A tla n tic A re fra n ch is e * .— *1n F eb M O 16 M a y o r M Itch ol refu sed t o sign th e
C o n tr a c t for tunnel aw arded in S ep t. 1916V . 103, p . luoA .)
.
(б) C en tre S t. lo o p , c o n n e c tin g th o d iffe re n t brid ges arid etton(l(xl throiu ,h
N assau and B road S ts ., M a n h a tta n , t o a c o n n e c tio n w ith th e lo w e r E ast
R iv e r tunnel and th e 4th A v e . su b w a y In B r o o k ly n , w ith exten sion s to f ^ t e r ^ 6th e r o m p M j B v ^ t o ^ M ^ r u c t a n ^ o p e r a t e a*twfod ;ra ck ro a d ^ S om
8 6 th S t. an d C o n e y Is la n d . T w o tra ck s In th e C e n tro S t. lo o p w ore p la ce d

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F la tb u sh A v e . t o S h ep h erd A v e ., E a s t N e w Y o r k , a b o u t 5 m iles, c o n n e c tio n
t? ^ m a d e w i t h ex istin g tra ck s a t a b o u t A tla n tic an d F ifth A v e n u e s (see
V . 101, p . 7 7 2 ). T h e fra n ch ises fo r th e p ro p o s e d E ig h th A v e ., F resh P o n d
K o a d an d M e tr o p o lit a n A v e . lin es w ero a p p ro v e d .
bayorable D e c is io n .— O n O c t . 2 1915 S u p rem e C o u rt J u s tice E rla n ger
dism issed th o c it y s su it a g ain st th e B r o o k ly n Q ueens C o u n ty & S u b u rban
I t K ., seek in g t o c o lle c t $ 8 2 9 ,5 7 8 fo r th e op e ra tio n o f th o c o . ’s lines In B r o o k Iyn an d o v e r th o B r o o k ly n an d Q u e o n sb o ro b rid gos, b ein g 5 % ($ 3 6 1 ,7 5 3 )
o r th e c o m p a n y s earnings d u rin g 1901 t o 1907. p lu s a p e n a lty o f $ 4 6 7 ,2 5 8 .
on th o g rou n d th at th e c it y Is n o t o n tltlo d to m o ro than its fra n ch is e ro v e d e e f s io r / b r d g 0 to B s -— V . 101, p . 1271. T h e c it y has a p p e a le d fr o m th e
_ rfYn^e I n.crease-— F o r in crea se in w ages e ffe c tiv e S e p t. 1 1916, a ffe c t in g
“ •{“ P e m p lo y e e s in th o tr a n s p o r ta tio n d ep a rtm e n t a n d c o s tin g th e c o . a b o u t
$ 6 5 0 ,0 0 0 a y e a r , see V . 103, p . 843 .
M ortgages o f C onstituent Com panies to Secure A dvances bg Brooklyn R apid
T ran sit.—-In M a y 1907 th e N e w Y o r k S tate R R . C o m m , co n se n te d to th e
Sea B e a ch R y ., th e C a n arsio R R . an d the S ou th B r o o k ly n I ty . m ak in g
m ortg a ges o f $ 2 ,0 0 0 ,0 0 0 . $ 2 ,0 0 0 ,0 0 0 an d $ 4 ,0 0 0 ,0 0 0 , r e s p e c tiv e ly , to secu re
ce r tific a te s o f In debtedn ess issued b y th ose co m p a n ie s t o th e B r o o k ly n
R a p id T r a n sit fo r m o n e y s a d v a n ce d fo r ad d itio n s, b e tte rm e n ts , & c. In
Ju n e 1907 B r o o k ly n U n ion E le v a te d auth orized a m tg e . fo r $ 2 0 ,0 0 0 ,0 0 0
a n d th e N assau E le c tr ic fo r $ 5 ,0 0 0 ,0 0 0 fo r sam e p u rp ose; b u t in J u ly 1908
P u b lic S erv ice C om m issio n d en ied a p p lica tion fo r th e a p p ro v a l o f these la t­
ter t w o m ortg a g e s . See p articu lars V . 8 7 , p . 224 . N o b o n d s w ill b e Issued
u n d er a n y o f these m tg e s ., w h ich aro created s im p ly t o se cu re th e c e r tifi­
ca tes o f Indebtedness as issued fro m tlm o t o tim e . T h o ce r tific a te s ca n n o t
b e issued a t loss than p ar a n d are d ep osited u nd er th e B r o o k ly n R a p id
T r a n sit fir s t r efu n d in g m tg e .
V . 8 4 , p . 1181, 1246, 1550.
Stock In crea se.— O n J a n . 3 1913 increased its a u th . s to c k fro m $ 4 5 ,0 0 0 ,0 0 0
t o $ 9 0 ,0 0 0 ,0 0 0 . T h e new s to c k w as issued fro m tim e t o tim e u p t o J u ly 1
1914. ex clu siv ely fo r th e c o n v e rsio n o f 4 % b on d s o f 1902. V . 9 6 . p . 61.
STO CK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu rity .
Q -J
$ 7 4 ,4 5 5 ,2 1 3 O ct ’ 16. 1 A
S t o c k , $ 9 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )....................
4 g J-J
03,4 5 9 ,0 0 0 J u ly 1 2002
B r o o k R a p T r 1st r e f m t g e .f 1902
$ 1 5 0 ,0 0 0 ,0 0 0 , g o l d . c * & r t f]C e n t r a l T r u s t C o . , N . Y . , tru stee. C o u p o n
,
1 „5/?Pds ($ 1 ,0 0 0 ); registered ($ 1 ,0 0 0 , $ 5 ,0 0 0 )
B r o o k R a p T ra n g o ld m t g e ./ 1895
5 g A -O
17.000.000 O c t
1 1945
$ 7 ,0 0 0 ,0 0 0 -----------------c * n t f l d I n t . a t C e n tra l T r . C o ., N . Y . tru stee
B l i T s ecu red n otes $ 6 0 ,0 0 0 ,-1 1912
5 g J-J
5 7 ,7 3 5 ,0 0 0 J u ly 1 l Q is
000 ($ 1 ,0 0 0 ), g o l d -------c * t f (In te r e s t a t C e n tra l T r u s t C o . , N . Y . tru stee
B r o o k ly n C it y R R —
R e fu n d m tg e , $6,925,000 1 1906
4 g F -A
1 9 2 5 ,0 0 0 M a y 1 1956
($ 1 ,0 0 0 ) — ............... - n t f\ L o n g Isla n d L & T r C o , B k ly n , t r u s t e e /
F irst con sol m tg e -----------n t f
1891 5 J-J
t/4 ,373 ,00 0 a J u ly 1 1 9 4 1
N e w \V & F la t 1st M — n t f
. . . . 4 A F -A
2 0 0 ,0 0 0 J u ly 1 1 9 4 1
B r o o k ly n H eigh ts R R f ir s t /
1891 5 A - 0
2 5 0 ,0 0 0 A p r 1 1941
m o r t g a g e ............................. t f l i n t , a t P e o p le ’s T r . C o . , B r o o k ly n , tru stee.
B r o o k ly n Q ueens C o & S u b / 1894
5 g J-J
e 3 ,5 0 0 ,0 0 0 *J u ly 1 1 9 4 1
fir s t m o r tg a g e -----------n t f l G u a r . T r u s t C o . , N e w Y o r k , tru stee.
F irst co n s o l M , gu a r p & 1/ 1894
5 g M -N
m 2 ,8 8 4 ,0 0 0 * Ju ly 1 1 9 4 1
(e n d ), $ 4 ,5 0 0 ,0 0 0 — n t f lC e n t r a l T r u s t C o . , N ew Y o r k , tru stee.
J a m a ica & B r o o k R I i fir s t /
1889 5 g J-J
/ 2 4 0 .0 0 0 Jan 1 1930
m o r t g a g e -------------------- t flC e n t r a i T r u s t C o ., N e w Y o r k , tru stee.
B r o o k ly n U nion K iev I s t M , / 1899
5 g F -A
16.0 0 0 ,0 0 0 F e b 1 1950
g u a ra n te e d -----------------------t f l l n t . a t C e n tra l T r . C o . , N . Y ., tru stee.
K in g s C o E le v first m t g e .f
1899 4 g F -A
7 ,0 0 0 ,0 0 0 A u g 1 1949
$ 7 ,0 0 0 ,0 0 0 (S l,0 0 0 ) ,g ( g u ) n t f l In t. a t C e n tra l T r u s t C o . , N . Y . , tru stee
N assau E l R R C o co n s M l
1898 4 g J-J
p l0 ,3 4 7 .0 0 0 Jan 1 1951
b on d s ($ 1 ,0 0 0 ),$ 1 5 ,0 0 0 ,-1 G u a ra n ty T r u s t C o . , N . Y . , tru stee. B o n d *
000 — ............. — c * & r t f Iguar. b y e n d . b y B k ly n . H e ig h ts R R .
F irst m tg e b o n d s .................t f /
1894 F A - 0
6 6 0 ,0 0 0 A p r 1 1 9 4 4
1 H a m ilto n T r u s t C o . , N . Y . , tru stee
A tla n tic A v e . gen m o r tg a g e /
1891 5 g A -O
c 2 ,2 4 1 .0 0 0 A o r 1 i o n
g o ld
---------------n t f B r o o k ly n T r u s t C o . , tru stee
1 1931
A tla n tic A v e im p r o v e m e n t,/
1894 5 g J-J
220 000 Tan i i o i s
g o ld ($ 2 2 0 ,0 0 0 )............. t f C e n tra l T r u s t C o . . N e w Y o r k
1934
6B B & \V E 1st in o rtg a g o , . . . .
5 A -O
’
250 000 Jan
? ’io i7
Series B ............... ............t f T it le G u a r . & T r u s t C o tru stee
1 1917
1893 5 g A -O
1 2 lT o o 6 c t 1 1983
B . B . & W . E . g e n e r a l/

t e r jfl'F ’-S '/ls 'a S

n

Z

i i K
s W
7 .0 0 0 .0 0 0 5 0 -y e a r g o ld 5s o f th e B r o o k ly n R a p id T r a n s it .
$«J,UUU.UU0 w e n t t o sto c k h o ld e r s fo r a ssessm en t. F o r d e s c r ip tio n o f D roow t y co v e r e d ^ b y th e m o r tg a g e , see V . 6 2 . p . 113 8. S ee also a p p lic a tio n in
R
m o r tg a g e o f 1891 is fo r $ 6 ,0 0 0 ,0 0 0 a n d Is a fir s t lien
°°
o ld B r o o k ly n C it y r o a d a n d a c o n s o lid a te d lien o n th e lines a c q u ir e d
h a n ^ ^ Jh« 0rL /tn 18? ,° ;u ° J F10 $ 6 ,0 0 0 ,0 0 0 issu ed , $ 4 ,3 7 3 ,0 0 0 are in th e
p u b i*c a n d th e b a la n ce is h e ld in th e g u a r a n ty fu n d .
m oo rr tg
te a
ag
e ee tore^
°Q2^5ho
n0n ^to
°0 pk rlyo n
.5),,7
ly g .10 V
1906
o riz ed aT hnew
m
fo r 5 R
6 ,9
,0 0
v id
e fo r RrteV
fu nJduin
. 8 2 .a u
p th
. 1437.
e se
bo£ d8 ¥ 5 8,u b J « ? t o ca ll a t 110 a n d in te re st.
•« . p .
/ i
hese
R m n W v ^ o , a u th 0 ';ize(i issu e o f fir s t c o n s o lid a te d m o r tg a g e g o ld 5s o f th e
009 a™y ? e S . r ^ S('C o u n /;y
S u b u rb a n R R - is $ 4 ,5 0 0 ,0 0 0 , o r w h ich $ 1 ,6 1 6 .o n w b lc b tbey Will b e a fir s t lien. O f the
a n t v n f t/fo
$ 2 ,2 5 5 ,0 0 0 in 1898 w e re e n d orsed w ith th e g u a r 1899 p rovteion w alym i/i e l rhtS R R ’ C o -,as t o p r in . a n d in te re s t, a n d in J a n .
o f S i m p e r b o £ d B ^ t h Rf n g ^ a^ n l eeilng th e remai,n d e r u p o n th e p a y m e n t
The
p . B.u th B . Q . C . & S . loan s are s u b je c t t o call in 1916.
b y th e B r ^ k l y ^ l i e i E h t e R R M h b °mds a r e ? P a r;. ( b y e n d . o n e a ch b on d )
th e v are a Hen h i a
R ‘ B 0 sides co v e r in g th e m ilea ge d ir e c t ly ow n ed
Isla n d & G ra vesinrt g i ppJ®“ en.tal a g re e m e n t u p o n t h e s to c k o f th e C o n e y

Coney Islan d & Brooklyn B on d s.— O f th e $10 000 000 b o n d s

Name—

'

T}ark

B r o o k ly n H eigh ts R R ________
o 134
B r o o k ly n C it y R R ________________
105 688
B k ly n . Q ueens C o . & S u b u rb a n R R . . 2 9 .7 1 2
N assau E le c tr ic R R ___________________ 6 7 .7 7 6
C o n e y Isla n d & G ra v e se n d R y _____
3 .9 5 0
S ou th B r o o k ly n R a ilw a y ............ .............
459
P ro s p e ct P a rk & C o n e y Isla n d R R ___
9 .5 4 9
C o n e y Isla n d & B k ly n . R R ___________ 22.897
N e w Y o r k C o n s o lid a te d R R . an d
N e w Y o r k M u n ic ip a l R y . C o r p ____ 5 4 .2 0 3
T r a c k a g e o n N . Y . & B r o o k ly n B r id g e —
R a p id tran sit lin e s_________________
1.762
S u rfa ce lin es_________________________
1.802
T r a c k a g e o n W illia m sb u rgh B rid g e —
S u rfa ce lin es_________________________
1.741
N . Y . M u n . R y . — L essee C it y o f N . Y . 14.410

8 4 OOO non

Sidings,

s ' nog
22 208

<&c.
0.1 9 8
2 2 .7 1 3
3 .2 2 3
8 .0 7 9
.348
3.301
8 .4 6 0
7 .0 3 9

Tota
m.
4 .1 8 3
2 2 9 .1 2 9
6 1 .9 2 2
141 .872
7.4 8 6
4 .2 1 9
2 6 .9 3 5
5 2 .1 4 4

5 4 .1 7 2

3 5 .7 7 4

1 4 4 .1 4 9

1.762
1.707

.231

3 .7 5 5
3 .5 0 9

1.741
14.410

.218
1 5 .0 7 9

3 .7 0 0
4 3 .8 9 9

-z w t

m i
100 7 9 8
2 8 '9 8 7
66 0 1 7
3 188
450

S?,?rated.........................316.083 306.156 104.663 726.902
E Q U I P M E N T , J u n e 30 1915.— 4,661 ca rs . C lo s e d ca rs , 1.028- o p e n
CaT3 E r»*/r?,V,con V0r^** (,69: s e m i-c o n v .. 891: m is c e ll.. 526; t o t a l, 4 661 P
F F O R T ; — T h e ann ual r o p o r t fo r 1915-16 w ill b e fo u n d in V . 103 d 401
413. O perations o f C oney Isla n d <% Brooklyn included fro m Jan 1 1 9 1 4 "
6 8 ^ 1 ^ 7 ^ M -i 1^ 8 th e y e a r 6nd0d Jun0 30 191 6, 7 2 8 -4 65.5G 7. a g a in st
IN C O M E A C C O U N T ' B R O O K LYN R A P ID T R A N S IT A N D
CONi>c,.„,?,T I T U E N T C O M P A N I E S — Y E A R S E N D IN G J U N E 30.
rev e n u e —
1916.
1915
1914
191*1
T r a n sp c
M i^ o fr rtation.......... --S27,557,279 $26,b96‘,265 $25,246,453 $23,865?260
M
M iscella
is c e lla n e o u s ................
391,493
331,421
311,797
287,028
T o t a l .................................S27 9 4 8 ,7 7 2 $ 2 6 ,4 2 7 ,6 8 6 $ 2 5 ,5 5 8 ,2 5 0 $ 2 4 ,1 5 2 ,2 8 8

Expenses—

M a in te n a n c e o f w a y ____ $2 ,485,421
Maint. o f equipment__ 2 ,5 0 8 ,3 7 0
Operation of power plant 1,7 2 5 ,3 0 8
Operation o f c a r s _________ 6,942,972
D a m a g e s & le ga l e x p ___
925,121
G e n e ra l exp e n se s_______
797 .652
F re ig h t & m all expenses
3 0 2 ,1 0 3
A m er. R y . T ra f. C o . e x p .
6,961
T a x e s ____________________
1 ,837,683

3 2 ,3 9 1 ,8 1 5
2,4 0 1 ,8 4 1
1 ,553,178
6 ,5 3 2 ,2 6 5
9 2 2 ,2 6 0
819 ,7 5 4
3 3 8 ,4 1 4
854
1 .7 0 0 ,0 3 5

3 2 ,0 2 1 ,6 4 7
2 ,3 1 5 ,9 9 0
1 ,463,284
6 ,2 1 6 ,1 5 5
8 2 8 ,7 4 2
8 2 2 ,8 5 7
3 2 5 ,0 5 5
823
1 .7 5 2 ,8 8 0

3 1 ,6 7 8 .1 2 4
2 ,2 0 2 ,2 0 8
1 ,421,123
5 ,6 3 5 .4 5 7
8 8 4 ,2 3 7
746 ,871
2 6 4 ,3 2 4
1,112
1 .7 5 0 ,0 8 3

T o t a l ..............
$ 1 7 ,531 ,59 1 $ 1 6 ,6 6 0 ,4 1 6
N e t e a rn in g s....................--S 1 0 .4 1 7 .1 8 1 $ 9 ,7 6 7 ,2 7 0
O th er In c o m e .......... ..........
4 3 8 ,7 0 6
4 3 8 ,7 1 5

$ 1 5 ,7 4 7 ,4 3 3 S 14.583 539
S 9 .8 1 0 .8 1 7 $9 5 6 8 ,7 4 9
4 5 1 ,7 7 2
331L947

-j,.T c t o 1 in c o m e — ---------$ 1 0 ,8 5 5 ,8 8 7 $ 1 0 ,2 0 5 ,9 8 5
F ixed ch a rg e s (n e t ) -------- 5 ,2 4 4 ,0 5 5
4 ,6 9 3 ,4 2 4

$ 1 0 ,2 6 2 ,5 8 9
4 .9 4 6 !8 8 4

C o n e y Isl & B k ly n 1st co n so l i n } 898
0 0 ,0 0 0 J u ly 1 1948
M $ 2 ,0 0 0 ,0 0 0 g o l d ____ n t f M e r ca n tile T r u s t C3o2. ,0
. N ew Y o r k , T r u s te e
C on s ol m ortg a g e $ 1 0 ,0 0 0 ,­ J 994 . . 4 8 I-J
1 1955
000 g o ld ($ 1 ,0 0 0 )____ c * t f M e r ca n tile T r u s t C o*.2, ,2N3e2w.0 0Y0o rJan
k , T r u s te e
Bk
& n
Niemww
tow
w ii
n
“ ly
v un C it y «*.
1889
5 J -J
Ii2 000 000 Tiilv 1 1030
1st M $ 2 ,0 0 0 ,0 0 0 . _ . n t f / M e r c a n t i l e T r u s t C o . , ’ N cw Y o r k ^ T r u s t e e 9
R eal estate m o r tg a g e s.................... ..
5%
4 3 8 /0 6 2
e0‘
Rental paym ents in addition to p aym ent o f fixed charges— ’
.......................

S u n d u s -----------------$ 5 ,6 1 1 ,8 3 2 $ 5 ,5 1 2 ,5 6 1
$ 5 ,3 1 5 ,7 0 5 $ 4 ,4 9 6 ,9 2 8
D iv id e n d s -------------------( 6 % ) 4 , 4 6 7 ,3 18 (6 )4 ,4 6 7 ,3 1 8 (6 )3 .6 6 0 :0 4 8 (5 M )2 4 4 6 7 7 0

l y u j , b u t m a n y o f th em (h o w m a n y is n o t k n o w n ) h a v e boon RtAmmvl
releasing th em from th e lia b ility to c a ll.
n a v e Deen s ta m p e d ,

— -m§ 1 ’ 144-514 S I .0 4 5 ,2 4 3 $ 1 ,6 5 5 ,6 5 7 $ 2 ,0 5 6 ,1 5 8
ij. O F F I C E R S .— P r e s .. T im o t h y S . W illiam s; C h airm an o r B o a r d . N ich o la s
P . B r a d y ; V .- P . & T r e a s .. C . D . M e n e e iy ; V . - P . , S la u gh te r W . H u ff; S e c .'
J 'ir1 ' iBm n n D ^ n :^ m P ;^ H4l'Kar,d, A b e I - O f f i c e s . 85 C lin to n S t .. B k ly n .

O c t T190S3“ h en T h /cn V o °n la f

S

i * ; " 1- *

rk ^

tru stee o f thls m o r tg a g e until

' « « MM m ^ 'a T a u lS b ifT r a S C o J iS

g In clu d es $ 2 2 ,5 0 0 o w n e d b y B . R T
li In clu d es $ 7 ,0 0 0 held in tre a su ry * '

?p /ffi i a r o = i % DuBTT; s r ; s x 'w s k

v . ' S o S o 's s H 1v

co-

z N o t in clu d in g $ 2 2 ,6 2 7 ,0 0 0 o w n e d b y B R T a v s t o m
m In clu d in g $50 ,0 0 0 o w n e d b y B . R . t svsfem ‘ s y s t e m ’
n N o t in clu d in g 8 5 7 ,7 3 5 ,0 0 0 o w n e d b v RrnnklvTi
r,,
,. p
p N o t Inclu din g $ 1 ,1 6 1 .0 0 0 o r n T b y D r M
m
T r a n s it C o .
3 In clu d es $13 ,000 h e ld in tre a su ry .
' y om>
Stock.— In th e reorgan ization o f th e L o n s Island T ran tion t h « aih c o n
000.000
paW an aw .^sm .ent o f $ 1 0 p e r $ 1 0 0 sh a re , t i l e o l d s t o c k being

S

t

vn M S S s > ni &

18M'

S 9,9 0 8 .6 9 6
5 l4 1 ll7 6 8

20;0:

O O M P A N J E S C O N T 'K O L L E D B Y B K O O K L Y N R A P I D T R A N S I T O O
(1) N e w Y o r k C o n s o l i d a t e d R R .
O R G A N I Z A T I O N .— I n c o r p . a t A lb a n y o n N o v . 3 0 1912 as a c o n s o lid a RR
UR r °n iH eV? / e'm R/ i ' ’ s .“ B e a ch K y - an d C a n a n J e
n n n °k y n R a p ,d T r a n sit o w n s o r c o n tro ls $ 1 3 ,4 3 0 ,­
0 0 0 ,0 0 0 p r e fe n -« l s t o c k ’. ° ° 0 C° m m ° a StOCk a n d S 4 ’ 7 8 5 ’985
t h e $ 5 .O w ns all th e ou tsta n d in g s to c k o f th e N . Y . M u n ic ip a l R y . C o r p . (w h ich
h o ld s th e co n tr a c ts m a d e w ith th e C it y o f N e w Y o r k fn 1913 fo r t b e op era o 0Ii j 0£pSubw ay8’ &C-) a n d $ uaran tees Its b o n d s , p . & 1.. Join tly w ith th e

L ease.— A 11 r ig h ts. & c .. o f th e N . Y . M u n ic ip a l R y . Corp. u n d e r its c o n ­
tra ct w ith th e c it y h a v e been leased an d assigned t o th e N e w Y o r k C o n s o lidam ^
' £ o r ,te !™ 3 -s e e s ta te m e n t o f N . Y . M u n ic ip a l R y . C o r p . b e lo w .
T h e N ew Y o r k C o n s o lid a te d in 1915 leased fo r 999 ye a rs th e N assau
iT v fc v r " 8 v ™ 1! w a t C o n e y Is la n d , th e c o n s id e r a tio n b ein g $ 2 4 7 ,0 0 0 ,
w h ich th e N e w Y o r k M u n ic ip a l R y . C o r p - w-as a u th o riz e d t o ch a rg e a g ain st
th e c o s t o r c o n s tr u c tio n u n d e r th e dual sy s te m c o n tr a c ts .
See V .l O l .p .4 4 7
C o n tr a c t fo r c o n s tr u c tio n o f new term in al w as le t in M a r c h 1916. I t is’
a g a h i s / $J3.OOO fWO^of^L o n g ' [ sEm d 9T r a ct Ion 5 % b ° ndS b ° ,n g a u th 0 r lz o d ’ t o b e c o m p le te d in 2 y e a rs.
. -T H H den di.— FiraJ d i v .j 1 % . , p a id A p ril 1 1909; J u ly , 1 % ; O c t ., 1 % .
In
Favorable D ec is io n .— In A p r . 1916 S u p re m e C o u r t J u s tice E rla n g er held
13. J a n ., 1 A % : A p r .. l li< )
th a t u nd er th e c o n tr a c t w ith th e c it y , d a te d M a r . 19 1913, th e c o . w as
ar. sin co t o and in c l. O c t . ]
reU eved fr o m t h e o b lig a tio n o f p a y in g to lls fo r th e o p e ra tio n o f cars o v e r
in terest on
™ y a o te .— In terest o n th e B r o o k ly n R a p id
th e W illia m s b u rg h B rid g e .
T r a n sit m ortg a g e o f 1902 fo r $ 1 5 0 ,0 0 0 ,0 0 0 an d th o t w o E le v a te d Issues is
D ivision o f E arnings with C ity.— A s th e N e w Y o r k C o n s o lid a te d h o ld s
p a y a b le at th e CerUral T rust (J o .; on th e B r o o k ly n C it y R R . re fu n d in g b o n d s u nd er assign m en t an d lease, ail th e righ ts a cq u ire d b y th e N e w Y o r k M u n ic i­
a t c o m p a n y a o ffic e . p” t b 0 ^ assau E le c tr ic b o n d s, in clu d in g A t la n tic A v e ­ pal R y . C o r p . in th e la tte r ’s c o n tr a c ts witti th e c it y , all th e earnings w ill
n u e an d W e s t E n d issues, a t th o C en tral T r . C o . , N . Y .; o n th o B ro o k lv n a ccru e t o It. T h e d iv isio n o f earnings w ill b e o n th e fo llo w in g basisQ ueens C o u n ty 3c Sub u rban m o rtg a g e s an d t h e Ja m a ica & B r o o k ly n first
1. T o th e c o m p a n y , $ 3 ,5 0 0 ,0 0 0 , as rep resen tin g th e n et earnings o f th e
J/^ rtg a g o at th e B r o o k ly n 1 rust C o ., B k ly n . O n th o B . It. T . se cu re d
existing railroads w h ich a re t o fo rm p a r t o f th e new rapid tran sit s y s te m .
n otes o f 1912 an d 1o n N . Y . M u n . R y . C o r p . 1st M . b o n d s a t C e n tra l T r u s t
O u t o f this re serva tion th e c o m p a n y p a y s in terest charges o n ca p ita l in ­
ve
stm
e n ts p rio r t o M a r . 19 1913 In th e existin g railroad s.
N V I n r i 0 n t h ^ 0 T t/l/h ts &R lt ? nf' A ? m ls Is p a y a b l° a t C e n tra l T r u s t C o . ,
RR'
a t P eo p le s T r u s t C o ., B k ly n .
2 . T o th e c o m p a n y , 6 % o n its new in v e stm e n t in c o n s t r u c tio n a n d e q u ip - bteu red N o te s .— Th 0 n o te s are se cu re d b y pledge o f e o u a l am ount; n f m e n t p rior to th e be gin n in g o f p e rm e n e n t o p e ra tio n an d th e re a fte r in terest
1st M . 5s o f th o N e w Y o r k M u n ic ip a l U y . C o r p . and $ 1 0 ,0 0 0 000 B . Jt T
a n d 1 % sin kin g fu n d .
unVlVo4 ^ 1 r<; f - b o n d s - F r o c c e d s o f n otes aro d e p o site d as s e cu rity fo r n otes
3 . T o th e c it y , in terest a n d 1 % sin k in g fu n d o n its in v e s tm e n t in c o s t o f
n al R vXP/rn.dod/
T h e n o t ^ w e r o c o n v $ fo r $ , in to 1st M . 5s o f th e M u n ic E co n s tr u c tio n .
t0 J a n ' M
1 ’ sin ce w h ich d a te th e y aro rod. a t c o . ’s o p tio n
4. A n y surplus re m a in in g , a fte r m ak in g p ro v is io n fo r a m o d e r a te c o n t in ­
w o r /c o t v o r / f
anJ ‘v V u f n w 9? d a y s ’ n o tico . $ 2 ,2 6 5 ,0 0 0 o r th e n otes g e n t reserve fu n d , is to b e d iv id e d e q u a lly b e tw e e n th e c o m p a n y a n d the
f o o l , an d v . 10 1
,N i 18 « M
U y ' C o r p .’s 5 % b o n d s . Seo V . 9 4 . p . c it y . T h e c o m p a n y ’s p referen tial p a y m e n ts are to b e c u m u la tiv e .
Results o f T em porary O perations o f L in es U nder Contract w ith the C ity.
f ir s /p o ^ f n 1® , /° r $ 1 5 0 ,0 0 0 ,0 0 0 .— S to ck h o ld e rs au th o riz e d M a r c h 20 1902
Y ear End.
Y ea r End. A u g . 4 ’ 13
roUre all
4%
co p v e r B b l0 b o n d s fo r $ 1 5 0 ,0 0 0 ,0 0 0 . $ 5 9 ,3 0 4 ,0 0 0 to ^ . .
Jun e 30 ’ 16. Jun e 30 ’ 15. to J u n e30’ 16
B r Ran
existin g b o n d s o f th e system (in clu d in g th o $ 7 ,0 0 0 ,0 0 0
T o t a re v e n u e s .................... - .....................$ 9 ,9 0 3 ,5 2 0 $ 8 ,5 6 0 ,5 5 6 S 26 ,2 9 5 .0 6 7
m n e a ftd f S
5l,)' , a “ ? tlle
fo r ‘ m p r o v t s ., a d d ’ ns and a cq u is itio n s .
$ 5 ,9 7 9 ,0 5 3
$ 5 ,2 9 5 ,2 8 1 16,1 2 9 .5 6 5
T o t a l d e d u c t io n s ------000 000 hi
t im e - T h.° m o r tg a g e p ro v id e s th a t a fund o f $ 5 ,- C o m p a n y s p re fe re n tia ls ................
4 ,1 6 5 ,9 5 9
3 ,5 9 1 ,0 0 1 1 0 ,9 5 2 ,4 0 7
n ^ n v fnn v / . / o r their P roceeds b e a t all tim es a t th o disp osa l o f th e c o m d u c ld ffo r ahn v Pof7h<? ea m e n tio n e d . S ee V . 74, p . 377 . A s this fu n d Is reT o t ? 1! - - - T-----------------r - ....................... $ 1 0 ,1 4 5 ,0 1 2 $ 8 ,8 8 6 ,2 8 2 $ 2 7 ,0 8 1 ,9 7 2
h f t n . t n ^ n r i n iii0 Purnososi a u th o r iz e d , m ore b o n d s m a y b e au th e n tica te d D e B c it in c o s p re fe re n tia ls ....................
$2 4 1 ,4 9 2
$ 3 2 5 ,7 2 6
$ 7 8 6 ,9 0 5
e /n v e r tlh ? e 1 n S i ™ ' t2 th o c o m p a n y o n Its o rd e r. T h o so b o n d s w ere I n t. p a id b y c it y o n its c o s t o f c o n s tr ’n
.
en n v ertM *
p ar f or,Pa r. b e fo r e J u ly 1 1914, an d $ 2 9 ,6 1 9 ,0 0 0 w ere
o f p r o p e r ty p la ce d in o p e r a tio n p lu s
onnn ^ n n k n (i T , ! \ / a !i0 <S bi e c t t0 cal1 o n a n y Interest d a y u n til th e year
sin k in g fu n d o f 1 % ...........
6 0 4 ,0 0 6
4 0 4 ,6 6 1
1,3 1 8 ,7 2 8
m H O an d Interest; a fte r th a t a t p a r an d Interest. Seo listing a p p lica n °H n i
8§ n ’ fo r llst o f secu rities p le d g e d fo r th o b o n d s; also
T o t a l d e fic it
.....................................
S845.498
$73 0 ,3 8 7 $ 2 ,1 0 5 ,6 3 3
D e fic it s in c i t y s ch arges d u rin g t e m p o r a r y o p e ra tio n s t o b e a d d e d t o
e & o r V m . A S :, m ‘ v ' “ • » • 1523; » • » •
th e c o s t o f c o n s tr u c tio n o f c it y -o w n e d lin es.




STO C K A N D BON DS—
D a te.
C o m s t o c k . $ 1 3 ,9 0 0 ,0 0 0 ($100) . . . .
P r e f s t o c k , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 ). - - - Bk0 0 0 . UBoFd, 1

4% tUl® 1 9 0 ( d I n t e n t

In terest.
Q -M
Q -M
a s t r a l

K in g s C o u n t y V l ®lstlM ."g o ld ! f 1890 “ ‘ “ ’ g F -A

O utstand ing.
M a tu r ity .
, 1 ? ’ nnn nnn I m t - i s ' l H
1

K cT ,
7 ,0 0 0 ,0 0 0

VeSg
A ug l l9 4 9

c o m p a n ie s a re g u a r. p . & 1. b y B k ly n . H eigh ts K B ., g u a ra n ty to b e s tam p ed
u p o n b o n d s u p on presen ta tion .
In F e b . 19 0 2 b egan s ta m p in g b o n d s w ith
g u a r a n ty . C ertain d a y s each m o n th are d e sig n a te d fo r s ta m p in g . See
V 102, p . 9 7 5 . B o th issues are lis te d o n N . Y . S to c k E x ch a n g e .
The
$6 5 0 000 Sea B ea ch R y . 4 % b o n d s d u e S e p t. 1 1916 w ere taken u p a t m a ­
t u r ity b y th e B r o o k ly n R a p id T r a n sit C o . an d d e p o s ite d w ith th e trustee
o f th e B. R . T . ’s 1st r e f. g o ld m tg e . o f 1902.
V . 103 , p . 843 .
D I V 1 D E N D S .— T h e fir s t d l v ., o f 2 % , on th e o ld B k ly n . O n io n E le v a te d
R R . p re f. s to c k was paid J u n e 29 1901; In 1902 a n d 1903, 3 % , In 1 9 0 4 ,3 4 \ /o
In 1905. 4 % ; In 1906, 4 4 % : In 1907 to 1911. ln c l.. 5 %
D ee2
J u n e, 2 4 % : D e c ., 6 % .
O n c o m ., 1st d l v ., 5 % . p a i d .June 10 1910, D e c .,
24% .
In 191 1. 5 % .
I n 1912, J u n e , 2 4 % : D e c ., 6 % .
I n N o v . 1912 b eca m e p a rt o f th e N . Y . C o n s o l. R R . D iv s . o n b o th
classes o f s t o c k o f th e la tte r h a v e be e n as fo llo w s : In 1913. J u n e . 5 % ,
S e p t ., 1 M : D e c ., 1 % . In 1914, 8 4 % <
In 1915 a n d s in ce , 1 0 /o .
R O A D .— E m b ra ces 188.048 m iles o f ra p id tr a n s it'tra ck . T h e N ew Y o r k
& B r o o k ly n B rid ge has 3 .7 5 5 m iles o f track In a d d itio n . W h e n all th o lines
em b ra ced In c o n t r a c t w ith th e c it y h a v e been c o m p le t e d , w ill co n s ist o f
a p p ro x im a te ly 2^5 m iles o f tr a c k , Inclu d ng tr a c k a g e rig h ts o v e r th e A storia
an d C o r o n a (Q u een s C o u n t y ) lin es e n jo y e d m u tu a lly w ith th e I n te r b o r 0 U§ F F I C E R S .— P r e s .. Joh n H . IT allock; V .- P . & T r e a s .

O D M e n e e ly ;
S e c ., J . I I . B en n in gton ; C o m p ., H o w a rd A b e l.— V . 9 5 , p . 120 7, 127 4. 1608.
V . 9 6 , p . 3 6 0 , 653; V . 103 , p . 844 .
(a ) N e w Y o r k A lu n lc lp a l R a il w a y C o r p o r a t i o n .
(.See M a p page 16.)
O R G A N I Z A T I O N .— I n c o r p . In N . Y . on S e p t. 27 1912 to o p e r a te the
enlarged transit sy stem (elev a te d road s and s u b w a y s) c o v e r e d b y th e agreom en t 8 bet\veen th o c o m p a n y and th e c it y , and to i n s t r u c t
p arts o f th e system as a re s ch e d u le d fo r p r iv a te rather than P^DlIc o w n er
sh ip . V . 9 5 . p . 81 8 . T h e lines to b e c o n s tru cte d b y th e c it y are to be
leased t o th o c o m p a n y fo r a p e rio d o f 49 years fro m J a n . 1 1917 an d aro to
b o op era ted b y th e c o m p a n y In c o n n e c tio n w ith th e existin g railroad s o f the
__s o lid a teC
IV1
bAtt
N e w Y o rk C on
dl R
R%..• VyU.
C o . (as DUIdlUCU
enlarged anu
a n d jB
x teunudeu
^ )/ M^one I u 7u
a n d 'f o r a sin gle fa re. T h e c it y -c o n s t r u c te d lines m ay b e re ca p tu re d b y the
c it y a fter 10 yoars u p o n p a y m e n t to the c o m p a n y o f a fix e d pe rce n ta g e o f
th e la tte r 's In vestm en t in co n s tr u c tio n an d e qu ip m en t (1 1 5 % at th o end o f
10 yea rs and a gra d u a lly dim in ish in g a m o u n t In su cce e d in g y e a r s ), s o th a t
th e c o m p a n y w ill receiv e an a m o u n t w h ich , w ith th e a c c u m u la tio n s o f its
sinking fu n d , w ill a t least m a k e g o o d its In v e stm e n t.
. . . n m n l,
In M a rch 1913 the P . S . C o m m is s io n a p p ro v e d a c o n t r a c t w lt h t h e B r o o k ly n H eigh ts R R . for tho use o f th e L u th era n C e m e te r y lin e .
1 his line w as
elev a ted an d w as p laced In o p e ra tio n D eb. 22 191o. V . 100, p . 74 2 .
L E A S E T O N . Y . C O N S O L . R R . — O n M a r . 20 1913 th e ]P. S . C o m
sa n ction ed th o lease and a ssign m en t to th e N . Y . C o n s o l. R R . o f all rights
u n d er th e c o n tr a c t w ith th o c it y resp ectin g now ra p id transit lin es. (See
V 96 n. 360 , 9 4 7 ). T h e c o m p a n y also transferred to th e N . Y . C o n s o l.
R R . th e c ertifica tes fo r ex ten sion s and a d d itio n a l tra ck s , as well^as certa in
real esta te In B rook ly n and th e a b o v e -m e n tio n e d c o n t r a c t w ith th e B ro o k lyn
H eigh ts R R . regardin g th o L u th era n C e m e te r y lin o. T h e lease ca lls for
a 07 d iv id e n d s o n th e N . Y . M u n icip a l R y . C o r p . s t o c k .
° T h e M u n ic i p a l R y . C o r p . agrees to furnish all th e m o n e y n ece ssa ry to
c a rry o u t th e term s o r th e dual system c o n tr a c ts an d has th e o p t io n o f d o in g
all th o c on s tru ction w ork an d a cq u irin g all th o e q u ip m e n t, o r o f requiring
th e C on solid a ted C o . t o d o so on reason able n o tice .
In A u g u st 1913 th e P . S. C o m m issio n g ran ted a u th o r ity t o Issue $ 4 0 0,09 0
a d d ition a l s to c k , o f w hich $10 0 ,0 0 0 w as issued In A p ril 1 915. U
.
P
51
1916 o n lv $ 2 0 0,00 0 s to c k o u t . all ow n e d b y N ew Y o rk 5(.°^so lda
In M a r c h 1916 the c o . ap p lie d t o P . S. C o m m , fo r a u th t o Issue $ 6 9 7 ,5 0 0
a d d itio n a l s to c k to reim b u rse th o B . It. 1 . fo r c o m m is s io n s an d fees fo r
cou n sel p a id o u t In c o n n e c tio n w ith th o du a l s u b w a y system fin a n cin g .
ST O C K A N D BO N DS—
D a te.
Interest.
O utstanding.
M a tu rity.
___ _______ A ll o w n e d b y N . Y C o n s o l. K H . —
Ufnek $o nno 000 ($100)
5 g J-J
$2,265,000 Jan 1 1966
m orw age s 100 0 0 0 ,6 5 6 / 1912
( S I ^ 00 ^ 3 5 0 0 ) . g - C * & r .t f l i n t , a t C e n tra l T r u s t C o . . N . Y . . T r u s te e
D f c I. b y B . R . T . an d N . Y . C o n s o l. R R .S 6 0 .0 0 0 .0 0 0
w ore7*issued an d p led ged as se cu rity fo r B , R . T . secu red n o te s. $ 2 ,2 6 5 ,0 0 0
o f said n otes w ere c o n v e r te d in to b o n d s o f this Issue.
R ig h t o f co n v e rsio n
term in ated Jan . 1 1916. S em i-a nnual sin k in g fu n d a fter Ju ly 1 1918
^minim um
317 5% * m a x im u m , H % ) »
B on d s aro s u b je c t t o call as a
w h ole b«R n ot in p a rt, e x c e p t fo r sin k in g fu n d a t 107 4 o n 90 d a y s ' n o tice .
V m i n 2 0 /2
L iste d o n N . Y . S to c k E x ch a n g e in Ju n o 1916.
v.
102
2255 - V
9o, p 818; V . 96. p . 360. 863. 947. 1773; V . 101. p . 2072;
V . 102, p . 225 5.
(2 ) N a s s a u E le c t r ic R a i l r o a d . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h a rte re d M a r . 13 1893 u n d e r th e law s o f N ow
Ym k.
O p en ed In J u ly 1895 an d in A p ril 1896 leased th e A tla n tic A v e n u e
R R . , 3cc. A s stated a b o v e , th o R a p id T r a n sit C o . o w n s o r c o n tr o ls all
o f th o $ S .500 ,000 c o m m o n s to c k o f th e N assau E le ctric an d $ 6 ,394t37 o

R O A D .— F irst tr a c k , 2 2 .897 m iles; 2d tr a c k . 2 2 .2 0 8 m ills ; m isc. t r a c k .
7.0 3 9 m iles; to ta l o p e r .. 52.1 4 4 m iles. 462 p assenger an d 2 8 s e rv ice ca rs .
D I V I D E N D S .— In 1895, 6 % : In 1896. 5 % ; in 1897, 6 % ; In'1 8 9 8 . 8 4 % :
V . 6 7 , p . 95 5 . In 1899 an d 1900, 1 0 % ; In 1901, 1 3 4 % ; In 1902, 1903 and
1904, 1 6 % ; In 1905, 1 0 % ; in 1906, 8 % ; hi 1907, F e b ., 2 % .
N o n e th e re­
a fte r t o Jan . 1914. w hen 6 % w as p a id . I n 1915, J a n ., 6 % ; Ju n o, 1 4 /o.
D e c ., 3 % .
In 1 91 6, M a r ., 1 4 % .
O F F I C E R S .— P r e s ., S . W . H u ff; V .- P .& T r e a s .. CL D . M e n e e ly ; S e c ..
J . H . B e n n in g to n ; C o m p tr o lle r . H o w a rd A b e l.— V . 9 3 , p . 1105; V . 9 4 . p .
767 . 1185. 1695; V . 9 5 , p . 1122: V . 9 6 . p . 1020; V . 9 7 . p . 1898; V . 9 8 . p .
235 . 3 0 3 . 386 : V . 9 9 . p. 1214.
(4) P r o s p e c t P a r k & C o n e y I s la n d R R .
O R G A N I Z A T I O N .— In O ct. 1915 th o P . S . C o m m . a u th . th e S o u th
B r o o k ly n R y . (co n tro lle d b y B . R . T .) to pu rch ase a t $2 0 0 per share th e
1. 7 6 8 4 shares o w n ed b y th e L . I . R R . a n d th e m in o r it y h o ld in g s fro m tim e
t o tim e as o ffe r e d .
V . 101, p . 1464. A s o f S ep t. 16 1916 this tra n sa ctio n
w as still p o n d in g .
R o a d has been o p e ra te d u n d er lease at an annual re n ta l
o f $ 4 5 .0 0 0 .. In c o n sid e ra tio n o f a g u a ra n ty b y L . I. R R ., annual in t . on
tho groater b a rt o f l ’ ro sp . P k . 3c O . I . ’s b o n d e d d e b t w as re d u ce d fro m 6 a n d
7 % U) 4 4 %
S ce V & . p . 42; V . 6 2 . p . 187. A ll th e 2d M . 6s. $ 2 0 2,85 0
o f in co m e 6s and $ 8 0 ,0 0 0 o f 1st M . 6s are o w n e d b y L . I. R R .
STOCK AN D BON DS—
D a te.
Interest.
Outstanding
M a tu r ity .
_„ _____
__________
$ 2 5 0,00 0 --------------- - q f npir « inn

^ S&rj ill® 6 ^ - A A
Thg o W « e^hL^f^( llEl VfA***

^ $ 1 O O O eaS^’

H,0 ,0 0 0 F eb

184:808

1 1926

\181}

M ar
Interest o n a b o v o m o rtg a g e s p a y a b le b y T re a s u re r, P h lla .. I a.
In co m e b o n d s , n o n -c u m _____ 1880
6 M -N
2 5 0 ,0 0 0 M a y 1 1920
R O A D .— E m b r a c e s J.549 m iles o f fir s t tr a c k . 8 .9 2 6 m . s e co n d tra ck
8 .4 6 0 m . s id in g s, & c .; t o t a l, 2 6 .9 3 5 m iles.
E A R N I N G S .— N o w Inclu ded in th ose o f B . R . T . — V . 101 , p . 1371.

M A N H A T T A N B R ID G E T H R E E -C E N T L IN E .
O R G A N I Z A T I O N .— In c o r p . in N ew Y o r k . B egan o p e r a t ’g in S e p t. T 2 .
F ran ch ise t o o p e ra te fro m F latbu sh A v e . (B r o o k ly n ) t o M a n h a tta n a p ­
p r o v e d b y th o P . S . C o m m , o n A u g . 14 1912.— V . 9 4 . p . 912 : V . 9 5 , p . 4 - 0 .
F or tw o d ecision s han ded d o w n b y th e A p p e lla te D iv is io n o t the S u p re m e
C o u rt fa v o r a b le to th e c o m p a n y , see V . 9 7 . p . 1733.
STOCK __
D ividend.
O utstanding.
Last D lv.
C o m m o n , $ 1 ,0 0 0 ,0 0 0 --------- -Q -M
$ 4 5 0 ,0 0 0
M ar 1 6 ,1 4
R O A D .— O perates 4 .1 4 m iles o f tra ck fro m C a n al S t. and B o w e r y ,
N . Y . , o v e r M a n h a tta n B rid g e , th ro u gh F la tb u sh A v e . e xten sion t o F u l­
ton St’., B k ly n . 25 cars.
D ividends.— -in itial q u a r. d iv id e n d o f 1 4 % p a id M a r . 1914 ( V . 9 8 , p .5 2 3 );
sam e ra to q u a r. t o an d in.4 . M a r c h 1916. N o n o s in ce .
E A R N I N G S .— F o r years e n d in g Ju n e 3 0 :
,
_
‘
_ .
Y ear end.
Gross
N et
Other T axes .R entals,
D iv i- D" la.r} c?/
J u n e 30— E a rn s.
E a rn s. In co m e. A m o rliz n .& c .
d ends.
D e fic it.
1 9 1 5 -1 6 --S 1 2 8 670 $ 1 6 ,9 6 2
$ 2 ,0 7 0
$ 2 4 ,1 3 6
( 4 4 ) $ 2 0 , 2 5 0 $ 2 5 ,3 5 4
1 9 1 4 -1 5
1 3 6 ,4 9 8 4 2 ,9 5 9
5 .1 2 6
2 2 ,8 8 9
( 6 % ) 2o,.)7 7
78,1
T o t a l d e fic it , Ju n e 30 1./16, $ 1 7 ,4 5 3 . Passen gers ca rried d u rin g 1 91 5-1 6,
4 ,9 0 8 ,4 7 7 . again st 5 ,2 1 5 ,7 2 8 in 191 4-1 5.
O F F I C E R S .— P r e s .. F re d 'k W . R o w e ; V .-P r e s ., F re d e rick D . M a c k a y
and C h as. J . E d w ard s; S e c ., W alter H a m m ltt; T r e a s ., E d . T. H o rw ill.—
V . 96. p . 28 5 , 1557, 1840; V . 9 7 , p . 1733; V . 9 8 . p . 523 .

X a8/8S S 5!T iS S S I^ «?«?te*

Issued: par. $10 .
B o n d s, $75 ,0 0 0 1st m tgo. a u th o rize d ; $ 3 1 ,0 0 0 o u t .
T r a c k , 2 .3 2 m ile s , ch a n g e d to e le ctr ic ity in 1898. 6 pass. ca rs.
F or year
e n d in g Ju n e 30 1916, gross, $58 ,0 1 5 ; n e t, a fte r taxes, $1 9 ,4 6 2 ; o th e r In c o m e ,
$587; in te re s t, 3cc., $ 1 ,9 5 0 ; s u rp lu s, $ 1 8 ,0 9 9 .
O F F I C E R S .— I’ r e s ., John F . M u r p h y ; V .- I \ , D . \V. S u lliva n ; S e c. an d
T r e a s ., W y lly s T e r r y . O ffic e , 264 Van B ru n t S t ., B r o o k ly n , N . Y .

BUFFALO, N. Y.
B U F F A L O & L A K E E R IE T R A C T I O N C O — A tr o lle y ro a d .
R eceivership.— O n a p p lica tio n o f th e N o w Y o r k T r u s t C o.,. m o r tg a g e
tru stee, J u stice B row n In th e S u p rem e C o tw t a t B u ffa lo o n J u ly 7 1 91 5.
a p p o in te d G e o . B u llo ck rece iv e r.
V . 101 , p . 129. O n S e p t. 28 1J l o t n e
re ceiver w as a u th orized t o issue $ 1 3 5 ,0 0 0 re ceiver s c e r tific a te s an d on J u ly
15 1916 $16 0 ,0 0 0 c e r tific a te s .
In S e p t. 1916 re c e iv e r w as a u th . t o issu e
S I 4 0 000 c e r tific a te s . $ 1 3 5,00 0 o f w h ich t o re tire a lik e a m o u n t p r e v io u s ly

issued and tho remainder for improvements.

„

D efault.— T h e c o m p a n y havin g d e fa u lte d o n th o In t. d u o N o v . 1 1 9 1 - o n
tho first and ref. M . 5 % b o n d s (su b se q u e n t c o u p o n s also d e fa u lt e d ),
a p r o te c tiv e c o m m itte e requ ested th e b o n d h o ld e rs to d e p o s it th eir b o n d s
w ith E q u ita b le T r u s t C o .. 37 W all S t .. N . Y . , as d e p o s ita r y , or th e G ira rd
T ru s t C o . o f Phila. as su b -d e p o s ita r y .
________
T h o aforesaid co m m itte e also drew u p a plan o l re o rg a n iza tio n (see
V . 9 7 , p . 297. b u t In D e c . 1913 th e plan w as a b a n d o n e d . N e g o tia tio n s fo r
an other plan are under w a y .
O R G A N I Z A T I O N .— in c o rp o ra te d In N o w Y o r k an d P en n sylva n ia In
D e c. 1906 and is a co n s o lid a tio n o f tho H a m b u rg R y ., th e D u n k irk & Fredon ia H it ., th e B u ffa lo D unkirk 3c W estern R R ., th o L a ke Lrio E le ctric
A p ril 1 1000 t o D ro o k ly n n o , Bh « . T r a c tio n C o . and the Erie R a pid T ra n sit C o .
Leases the Erie E le ctric
M o to r C o . fo r 999 years, w hich c o m p a n y loases th e Erie C it y I assenger R y .
R . X o » d . ™ ‘,y c o ln c id o n tly w ith a
' t h e “ STuJtransfers from one leased line to a n oth er ( V . 7 9 , p . 102 ), th e le.we was ter
for 999 years fro m O c t . 1 1888 and the E rie R e e d I ark & L a k eside S treet
m ln a ted on Jun o 30 1904.
F or ord e r requ irin g universal tran sfers, e ffe c tiv e
Ilv for 999 years from M a rch 1 1901. In 1909 leased the B u ffa lo &
tune 1 1914 see " B r o o k ly n R a p id T r a n sit C o . fu rth er a b o v e .
K c k T r a c C o fo r 999 years.
V. 8 8 . P. 1001. A lso ow n s all the s t o c k
J F or lease o f C o n o y Island term in al to th e N . Y . C o n s o l. K K .. s e a r -enlarIts o f this c o m p a n y . and gu aran tees the b o n d s. A ls o ow n s all 8 t o c k ^ 7 o 0 ^000,
u n d er th a t c o m p a n y a b o v e a n d u n d e r B r o o k ly n R a p id t r a n s it C o . In all o u t) o f tho D unkirk S t. K v „ w hich c o m p a n y has a fra n ch ise In D u n k irk
and has bu ilt a b o u t 5 m iles o r tra ck .
..
„ . . . , 0,„0
V . 101, p . 447 .
M a tu r ity .
T h e N iag ara 3c F;rio P ow er C o . Is co n tr o lle d b y th o B u ff. 3c Laico E rie
STOCK AND BONDS—
D a te.
In terest.
Outstandlmg
T r a c . C o . and the N iagara L o c k p o r t 3c O n ta rio P ow er C o . interests, an d
C o m m o n s t o c k , $ 8 . 5 0 0 . 0 0 0 . . . --------- ------------ * «"= n n 'n n o
a
e
e
te
x
t
Its
b
o
n
d
s
aro
g
u
a
r
.,
p
.,
i.
&
s
k
.
fil.,
o
n
e
-h
a
lf
e
a
ch
,
b
y
these
tw o c o m p a n ie s.
P referred 4 % cu m , $ 6 ,5 0 0 ,0 0 0 . . . .
M -N
6 ,5 0 0 ,0 0 0
Hands.— F or details see R a p id T r a n sit sta te m e n t a b o v o .
STOCK A N D BON DS—
D a te.
Interest. O utstanding.
M a tu rity.
$
5
,0
0
0
,0
00
R O A D — E m braces 141.872 m iles o f singlo tra ck .
---------------C o m m o n , $ 5 ,0 0 0 ,0 0 0 ------------------------2 .5 0 0 .0 0 0 .......................
A tla n tic A v en u e R R . (n ow p art o f N assau E le ctric) o w n e d th e d o u b le
Pref, 5 % , $ 2 ,5 0 0 ,0 0 0 , c u m ) ...................................■
track steam roa d (sin ce c o n v e r te d t o e le ctr ic ity ) fro m J am aica to I latbush
fro m J u ly 1909---------------- - 1
T
7 .0 6 6 .0 0 0 N o v 1 1936
A v e n u e Station in B r o o k ly n , 9 4 m iles (19 m iles o f t r a c k ) . w h ich t e l eased
^8()0Cb<goldf ($ E § 0 0 ) - - t f { In te re st a t ^ e w ^ Y o r k ^ y s r C o .^ T im s t M L '
for 99 years from Ju n e 1 1877 to th e L on g Island R R . C o . , a ffo r d in g th a t
Erie El M 1st m tg o , $ 2 0 0 ,0 0 0 ! 1889
6 g J-J
148,000 Jan
1 1919
c o m p a n y en tran ce in to th e c it y o f B r o o k ly n — re n ta l, fo rm e rly ia p e rce n ta ge
31 000) « M « r ’
c t f \ Central Trust C o ., trustee,’ N ow York C ity .
o f receip ts, was ch a n ged In 1895 t o $ 6 0 ,0 0 0 y e a r ly .
V . 61, p . 8 - 8 .
L itlErieV il M 2 ( f rntgeT VlSO'.OOOj 189 2*' 6 g J-J
102.000 Jan 11919
station has arisen w ith L on g Island R R . r e g a rd in g th e use o f A tla n tic
ilV o )5 o ld !-’
, - c t f Central
G o .. T r u s t y , N ew Y ork.
A venue
See V . 74, p . 1139. In O c t . 1910 N . Y . C o u rt o f A p p e a ls d e cid e d
fg o i
’ 5 g A -O '
1 ,0 0 0 ,0 0 0 A p r
1 1941
th a t the c it y had th e rig h t t o tear up rails, b u t c it y has tak en n o a c t io n
Erie El M 1st re f sink fu n d ,
$ 1 ,2 5 0 ,0 0 0 , g o ld ( $ 1 , 00 0 ) . In terest at N ow Y o r k T r u s t C o ., T r u s te e .
look in g t o th e exercise o f th o rig h t.
,
C a n n o t be c a lle d -------- c * t f
D I V I D E N D . — First d lv . on prof, u n d er lease w as p a id D e c . 31 1900, 4 % ;
1906V Y ‘t rg M - N ’
7 4 5 ,0 0 0 N o v _ 1 1926
H a m b u rg R y 1st M , $750,
1901 to 1907 in ch , 4 % per a n n u m ; in 1908, N o v ., 2 % ; in 1909, N o v . 2 % O oV .'gold (S i . O O O ) t f l l n t . a t E q u ita b le T r u s t C o . , N . Y . . T r u s t s .
In 1910 and 1911, 4 % In 1912. M a y . 2 % ; N o v 2 % reg. and 4 % o n a c c o u n t
D un 3c F red re f M . $100,000.1 1902
5 g J-J
3 9 ,0 0 0 J u ly 1 1 9 5 2
o f arrears.
In 1913. M a y , 2 % ; N o v .. 4 % ; In 1914 an d s in c e . 4 % .
gold ($100. $500 3c $ 1 ,0 0 0 ) I F id e lity T r u s t C o . . B u ffa lo . T r u s te e .
N K ifara & E rie P o w 1st M . l 1911
5 J_J
olU,()l)(j
^
I n ^ D w ^ f o i ^ t h e O o ^ e y i s l a n d * G ra v e se n d R y . (su b sid ia ry o f th e B k ly n .
N f f 2 5 0 ,0 0 0 g (S l,0 0 0 )g u p& i\ G u a ra n ty T r u s t C o . , N e w Y o r k , T r u s te e .
R a p . T ra n sit) received perm ission from th o P . S . C o m m , t o a c q u ir e 26,3 7 0
shares o f the s to c k o f th is c o m p a n y . B k ly n . R a p . T r a n . C o . o w n s $ 6 2 5 ,­
O p t h e ^ 12 : 6 6 6 ,000 new bon d s,0 $ 2 ,0 3 4 ,0 0 0 aro reserved to take
up a like a m t. o f u n d e rlyin g liens. T h o se new b o n d s are s u b j. to call o n a n y
000 c o n s o l, m tg e . b o n d s o f 1904.
In t. on tho 1st an d 2d m tgos. o f tho F.rio E l. M o t o r
O R G A N I Z A T I O N — C h a rte re d D e c . 10 1860. C a rs c o m m e n c e d ru n ­ int. d a te at 110 an d Int.
( i 0 is nald b v K o u n tz e B r o s .. N . Y .
T h e Erie El. M o t o r ref. b o n d s are
ning o v e r tho B rook ly n B rid ge F e b . 15 1898.
See V .J )6 , p . 383 .
B rook lyn C it y 3c N e w to w n w as leased in N o v . 1897 fo r 999 yea rs. In secu refF by d e p o s it o f en tire s to ck s o f th o E rie C it y Pass. H y •
R eed Park & L a keside S t. R y . A s in k . f d . o f 1 % arm . o n these b d s b e g a n
1900 a cq u ired all th e s to c k o f th a t c o m p a n y , b u t legal p ro ce e d in g s c o m ­
p letin g m erger w ith C o n e y Isla n d 3c B r o o k ly n w ere n o t e ffe c te d until 1910. A o r . 1 1900 and will be increased to 1 H % in 1910. T h e H am bu rg R y .
b o n d s are n o longer s u b je c t t o c a ll. T h e D u n k irk & F redon ia refu n din g
STOCK AN D BON DS—
D a te.
In terest.
Outstanding. Last div. A c
m o rtg age b o n d s aro s u b je c t to call on a n y in terest d a te at 103.
I ho
____
____
$ 2 ,9 8 3 .9 00 M a r T 6 . 1 4
S to c k , $ 3 ,5 0 0 ,0 0 0 (p ar $ 1 0 0 ).
N iagara 3c FIrlo 1st M b o n d s aro s u b j. t o c a ll, a n y o r a ll, on a n y Int. d a y
1898
4
g
J
-J
*2,0pp,000_
J
u
ly
1
1
9
4
8
Flrst con solid a ted m ortg a ge
at 105
Sk fd fro m j a n . 1 1 9 1 6 . 1 4 % o f bon d s a u th .
B on d s a,reg-uar
M
e
r
ca
n
tile
T
r
u
s
t
C
o
.
,
N
ew
Y
o
r
k
,
T
ru
s
te
e
$ 2 , 0 0 0 ,0 0 0 , g o l d - . - - - . n t f
p . 1. 3c sk . fil., b y B u ff. 3c L a k e E rie T r a c . a n d N la g . L o c k p . 3c O n t.
1904
4 g J -J
2 ,1 2 5 .0 0 0 Jan 1 1955
C on s ol m o r tg a g e,$ 1 0 ,0 0 0 ,0 0 0
P ow er C o ., o n e -h a lf b y e a ch .
V . 9 2 , p . 530.
M e r ca n tile T r u s t C o . , N ew Y o r k , T ru s te e ,
g old ( $ 1 , 00 0 ) ..................c * t f
E A R N I N G S .— F o r y oar e n d . D e c . 31 191 5. g r o s s , $ 1 ,2 7 3 ,6 0 7 ; n e t .
rooklyn
inowiowiij
1889
5 J-J
2 . 0 0 0 ,0 0 6 J u ly l 1939
B ro
o k ly n C it y 3
3cc N
e w to w n
first ym ort $ 2 ,0 0 0 .0 0 0 ._ n t f \ M e r c a n t i le J r u s t C o . , JSL Y ^ T r u s t e e .
$ 3 4 4 ,2 7 0 .
„
.
R eal estate m ortg a g es ...........................
5%
z » s .u o z -------------------R O A D .— B u ffa lo . N . Y . , t o E r lo . P a ., an d L a ck a w a n n a t o H a m b u r g .
• In clu d es $ 13 ,000 held In tre a su ry .
N . Y . , 99.31 m .; teased lines (D u n k ir k S t. R y ., 4.21 m .; E rie E le c. M o t o r
5 .0 2 m .) ,
Bond In terest.— In teres t on all a b o v e b o n d s p a y a b le a t C e n t. T r . C o .,N .Y . C o . , 2 6 .7 9 m .; E rlo 3c S u b . R y .. 4 .6 3 m .lB u ff. & L a c k a . T r a c . <
Bonds.— O f the now $ 1 0 ,0 0 0 ,0 0 0 b o n d s . $ 4 ,0 0 0 ,0 0 0 are reserved fo r p rior 40 .6 5 m iles— to t a l. 139.96 m iles o f w hich In N ow Y o r k (ownou,_81.,19 m ..
9.23 m .) , 90.42 m iles and in P e n n sy lv a n ia (o w n e d .
2 lea sed .
Hens an d $ 3 ,7 6 8 ,0 0 0 are re served fo r e x te n sio n s an d im p ro v e m e n ts , $ 1 0 7 ,­ I leased,
9 n . 7 Q m • o n e r a te d . 4 .6 3 m .) 4 9 .6 4 m ile s.
S e c o n d tra ck (o w n e d . 16.78 m ..
000 in trea su ry. N o sin k in g fu n d a n d b o n d s c a n n o t b e c a lle d .

V




M A P

O IT T H E

IN T E R N A T IO N A L R A I L W A Y CO.

BUFFALO & VICINITY
3
b

A




"

lea sed , 16.88 m .; o p e r a t e d , 3 .5 3 m .) , 3 7 .1 9 m ile s . S id in g s, & c . (o w n e d ,
3 .9 7 m .; lea sed , 4 .4 3 m .; o p e r a te d , .47 m .) , 8 .8 7 m iles.
T o ta l tra ck o p
erated (o w n e d . 120.06 m .; lea se d , 5 7 .4 6 m .; o p e r a t e d . 8 .0 3 m . ) . 185.55 m .
O F F I C E R S — R e c e iv e r , G e o . B u llo c k ; P res, ( v a c a n t ) , V ^ P . & S e c .,
M . D . E v a n s ; G e n . M g r ., A . It. M y e r s ; T r o a s . & A s s t. S e c ., A . F . T i d e s w ell.
— V . 88, p . 2 9 3 , 1001; V . 9 2 , p . 525; V . 95, p . 1121. 1206; V . 9 7 , p . 297,
V . 101, p . 129; V . 103, p . 1117.
(1) B u f f a l o & L a c k a w a n n a T r a c t i o n C o .
O R G A N I Z A T I O N .— In c o r p o r a te d In N e w Y o r k In Ju n e 1906 t o fu rn ish
an en tran ce Into B u ffa lo for B u ffa lo & L a k e E rie T r a c . C o .
In A p ril 1909
w as lea sed t o B u ffa lo & L a k e E rie T r a c . fo r 999 y e a rs . S to c k 8 1 0 0 ,0 0 0 , o f
w h ic h 8 5 0 ,0 0 0 o w n e d b y B u ff. & L a k e E n o T r a c C o . a n d $ 5 0 ,0 0 0 in treas­
u r y . H a s u n iv e r s a l tra n sfers th r o u g h o u t c it y o f B u ffa lo th ro u g h co n tr a c t
'^ l iO N D H — 1
D a te.
In terest. O utstanding.
M a tu rity .
1st m tg o , $ 1 ,5 0 0 ,0 0 0 , g o ld ) 1908
5 g J -D
$1 160 .000 D e c 1 1 9 2 8
($ 1 ,0 0 0 ), g u a r a n t e e d - . c t f l In terest a t N e w Y o r k T r u s t C o . , T r u s te e
Bonds are s u b je c t t o c a ll a t 110 a n d in t.
T h ey h a v e n o s in k . fu n d .
R e­
m a in in g b o n d s are reserv ed fo r b e tte rm e n ts a n d e x ten sion s at 8 5 % or co s t.
B o n d s g u a ra n teed p rin . a n d in t. b y B u ffa lo & L a k e E r ie T ra ctio n C o .
V 'R O A & .— 3^90 m iles o w n e d a n d 1.12 m iles leased a n d u s e d jo in t ly w ith
I n t . I iy s . C o .; t o ta l, 5 .0 2 m iles. B e g a n o p e ra tin g D e c . 22 1909.
O F F I C E R S .— P r e s ., R . K G ris c o m ; V .- P s .. M . D . E v a n s a n d M . W
D o d g e ; S e c ., M . D . E v a n s; T r e a s ., A . F . T ld e s w e ll.— V . 8 8 , p . 2 9 3 , 748 ,
V . 9 0 . p . 23 5 : V . 9 5 , p . 1471.
_______
B U F F A L O & D E P E W R Y . — A tro lle y r o a d .
__
„
„ ,.
O R G A N I Z A T I O N .— In c o r p o r a te d on A p ril 27 1897. W m .
o f B u ffa lo , N . Y . . ow n s a b o u t th re e -fo u rth s o f th e s t o c k an d th e entire
O p eration s w ere su sp en d ed fro m N o v . 15 t o D o c . 18 1 91 5, I n c .
STO C K A N D BON DS—
D a te.
In terest. O utstanding.
M a tu rity .
S t o c k , $35 0 ,0 0 0 ( $ 1 0 0 ) - - - ------- - - - - - - - - - - - ____ $30 5 ,0 0 0 - - - - - - - - ­
B u ff & D 1st M , $ 3 5 0 ,0 0 0 ____ 1901
5 J-J
3 5 0 ,0 0 0 Jan
11931
E a rn in gs.— F or ca l. y ear 1915, g r o s s , $1 5 ,9 8 1 ; loss fr o m o p e r a tio n s ,
89 984
In 1914. g ross, $ 1 9 ,1 0 9 ; loss fr o m o p e r ., $ 3 ,0 9 5 .
R O A D .— O perates a d o u b le -tra ck ro a d fro m B u ffa lo t o D e p o w , 13.59
m *O F IN C lH ts’.— P r e s . m B ! C u tte r; T r e a s ., R . A . P llk in g to n ; S e c .,
P e r c y E a to n .— V . 7 9 , p . 2 6 9 5 . _______
B U F F A L O S O U T H E R N R Y . C O .— A tr o lle y r o a d .
.
o
R eceivership.— I n t. o n b on d s h a vin g b e e n d e fa u lte d . N . A . B u n d y w as
aP8 R G A N IZ iV T T O N S.— ^Incorporated In N e w Y o r k o n A u g . 26 A 904 a u d ^
a c o n s o lid a tio n o f th e B u ffa lo H a m b u rg & A u ro r a R y . a n d th e B u ffa lo
G a rd en v illo & E b en ezer R y .
V . 7 9 . p . 2 14 6. IVanchtsM p e rp o tu a l. H as
tra ck a g e rights in B u ffa lo o v e r tra ck s o f th e In te rn a tio n a l T r a c t io n C o .
Strike.— T h e strik e b e g u n o n M a y 24 1916 w as ca lle d o f f S e p t. 1 1916.
V 'S T O C K A N D B O N D S —

D a te.

...........11a f S

In terest.

A

S

O utstanding.

M a tu rity .

.

B O N D S .— N o s . f . , b u t f ro m $ 5 0 ,0 0 0 t o $1 0 0 ,0 0 0 b o n d s are s u b je c t t o call
a t 110 a n d Int. on a n y Int. d a te u p o n 3 m o n th s ' n o t ic e . $ 1 ,4 0 0 ,0 0 0 bond3
reserved fo r fu tu re ex ten sion s an d e q u ip m e n t.
__________ _
E A R N I N G S .— F o r calen d ar year 1915, gross, $ 8 6 ,3 7 7 . In 1914, gro ss,
$ 8 5 ,4 7 0 . In 1913. gross. $ 7 9 ,9 0 2 .
„
^
„
. „
.
,
r>R O A D .— O perates fro m B u ffa lo t o H a m b u r g , E a s t H a m b u r g a n d O r­
ch a rd P a rk , 15)^ m iles; also has a line fro m B u ffa lo th ro u g h G a rd e n v ille
a n d E b en ezer to L io n ’s P a rk , 5 A m iles. A n e xten sion to I ^ s t A u ro r a .
15 m iles, is u nd or c o n s tr u c tio n , 5 A m iles c o m p le t e d . 6 0 -lb . 1 a n a SU-i d .

se cu re d b y titlo t o 50 cars. T h e y fa ll d u e in s e m i-a n n u a l in sta llm e n ts o f
$ 1 2 ,0 0 0 M a r c h . 1 a n d $ 1 3 ,0 0 0 S e p t. 1 fr o m M a r c h 1 1908 t o S ep t. 1 1917.
D ivid en d s.— First d iv . o f 2 % o n o ld 4 % p r e f.s t o c k w as p a id l o b . 1 1913;
also an a d d itio n a l 4 % o n a c c o u n t o f a c c u m u la te d d iv s .; J u ly . 2 % a n d 2 %
a d d ’ l. In 1914, F e b ., 2 % a n d 2 % a d d 'l: J u ly , 2 % .
In 1915, F o b ., 2 % .
J u ly . 2 % .
In O ct. 1915 new 7 % p re f. s to c k w as o ffe r e d In e x ch a n g o fo r
o ld s to c k w ith a c c u m . d iv s . th ereon . A ll b u t $ 5 5 0 ,1 0 0 o f th e s t o c k w as so
ex ch a n g e d an d in Jun o 1916 th e 4 2 % a c c u m . d iv s . o n u n o x ch a n g e d s t o c k
w ero p a id in c a s h . 4 % Is n o w r e g u la rly p a id o n th o o ld p r o f, s t o c k .
N ew
7 % pref. s to c k is c u m u la tiv e fro m N o v . 15 1915, a n d a d i v . o f % % w as p a id
th ereon Jan . 15 1916; M a r . 1916, 1 i i % : Ju n o, 1 % % ; S o p t., 1M %• In itial
d iv . o n c o m .— 1 % % — -paid Ju n e 30 1916; S e p t., 1 % .
,
Franchises.— N e a rly fo u r -fifth s o f th o m ileage in B u ffa lo , in clu d in g ail tho
m o s t im p o rta n t lines, is m a in ta in e d , it is s ta te d , u n d er fra n ch ises m p er­
p e tu ity o r u p o n p r o p e r ty d ir e ctly o w n e d , o n ly 47 m iles o f m in o r tr a c k a g e
be in g o p e ra te d u n d er franchises h a v in g less th an 25 years [from 191b] to
ru n . T h e fra n ch ises o f th o lines o u ts id e o f B u ffa lo aro eith or fo r v a rio u s
lo n g -te rm p eriod s o r aro w ith o u t tim o lim it.
Consolidation o f Constituent C om pa nies.— O n F e b . 20 1902 th e In te rn a ­
tion al R a ilw a y C o m p a n y w as In co rp o ra te d In N e w Y o r k w ith $1 0 ,1 2 0 ,5 0 0
s to c k , a n d in A u g . 1902 this w as increased t o $ 1 7 ,0 0 0 ,0 0 0 , o f w h ich $ 1 6 ,­
707 .5 0 0 has been issued (all o w n e d b y th e In te rn a tio n a l T raction G o .) , as a
co n so lid a tio n o f th e fo llo w in g co m p a n ie s , w h ose shares h ad p r e v io u s ly been
held b y th e T r a c tio n C o .; V . 7 4 , p . 427 .
. _ „ ,
B u ffa lo R a ilw a y C o . (a fte r B u ffa lo T r a c tio n a n d B u ffa lo B e lle v u e &
L ancaster had first been m erged In th e s a m e ).
B u ffa lo & N iag ara Falls E le c tr ic R a ilw a y .
B u ffa lo & L o c k p o r t R a ilw a y (a fte r E lm w o o d A v e . a n d T o n a w a n d a E le c ­
tric R a ilw a y had been m e r g e d ).
B u ffa lo T o n a w a n d a & N ia g a ra l a l l s E le c t r ic R R . C o .
L o c k p o r t & O lc o tt R a ilw a y .
N ia g a ra Falls & Suspension B rid g e R a ilw a y (a fte r th e N ia g a ra F alls
W h irlp o o l & N o rth e rn R y . had been m erged In it).
N ia g a ra Falls Suspension B rid g e C o .
. .
. . „
.
O n J u ly 1 1902 th e In tern ation al R y . C o . a cq u ire d b y purch ase th e
N iag ara Falls P a rk & R iv e r R y ., th o C lifto n Susp ension B r id g e C o . , t h e
L e w isto n C o n n e c t. B r id g e C o . an d Q uoen ston H eigh ts B rid ge C o . a n d in
D e c . 1912 m erged th e E le c tr ic C it y R y .
In A p ril 1913 th e C r o ssto w n
S t. R y . was also m e rg e d , thus leavin g th e In tern ation al R a ilw a y C o . an d th e
F ron tier E le c . R y . th o so le o p e ra tin g co m p a n ie s an d th e In te rn a tio n a l 1 ra ctlo n C o . th o h o ld in g c o m p a n y .
L ie n s o f C o n s t i t u e n t a n d O w n e d C o m p a n ie s .
b o n d s __
D a te.
Interest.
O utstanding. M a tu r ity .
In tern at R y r e f & Im p m tg e ]
1912 5 8 M -N
$ 1 3 ,3 9 9 ,0 0 0 N o v 1 1962
860 000 000 g o ld
-_ c * & r | B ankers T r u s t C o . , N e w Y o r k , T ru s te e .
B u ffa lo R y 1st c o n m tg e / 1891
5 g F -A
5i.0 00 ,000 F e b 1 1931
($ 1 ,0 0 0 ) $ 5 , 0 0 0 ,000,g , c* & r [ In t . a t C o . s o ffic e . B u ff., R .W . C la rk & C o - .
I P h ila ., o r B ankers T r . C o . , N . Y . , l r u s t e e .
a T o n a w a n d a St R R 1st M . l 1892
6 J-J
,
60-000 J u ly 1 1922
$250 000 - ............... ................ /In te r e s t a t c o m p a n y s o tfic e , B u ffa lo .
a T o n a w a n d a E le c tr ic R R 1 st] 1895 4 A -O
,
40.000'A p r i l I 1917
m tKo
____________________ lln to r e s t a t c o m p a n y s o ffic e , B u ffa lo .
ftC rosstow n St R y 1st m tg o , g j 1892
5 g M -N
62.9 7 4 .0 0 0 M a y 1 1932
($3 0 0 0 ,0 0 0 ), gu p & i . . c * / l n t . at M e tro p o lita n T r . C o ., N . Y . , T rustee.
B u H aio T r a c t io n 1st m tg e ,
1898 5 g J - D
6 7 3 ,0 0 0 D e c 1 1948
$5 000 0 0 0 _________________ / i n t . at M e tro p o lita n T r . C o .. N . Y . , T r u s to e .
B u ffa lo B e lle vu e & L a n caster ! 1897
5 J -D
2 15 .000 Ju n e 1 1927
m tg o (red eem a ble a t p a r ) - / I n t . a t B u ffa lo Trust C o ., B u ffa lo .
_____
B u ff & N la g Falls E le c R y — 1 1895
5 g J-J
7 5 0 ,0 0 0 J u ly 1 1935
1st M . $ 7 5 0 ,0 0 0 , g o l d -------c fln t e r e s t a t B a n k ers T r u s t C o , N e w Y o r k .

^ O F F I C E R S .— P r e s ., W m . J . W h e e le r, B k ly n ., N . Y . ; V . - P . , A . S. M il l d lg g , B k ly n .; S e c ., D . K . H a r rin g to n , O rchard P a rk , N . Y . : Treas. & G e n .
M g r ., N . A . B u n d y , B u ffa lo .— V . 8 6 , p . 419; V . 103, p . 1031.
B U F F A L O & W IL L IA M S V IL L E E L E C T R IC R Y .
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Y o r k J u ly 1 189 1.
In M a y
1904 a u th . ca p ita l w as increased fro m $75 ,0 0 0 t o $ 3 ,5 0 0 ,0 0 0 , a n d in J u ly
1904 now m tg e . for $ 3 ,5 0 0 ,0 0 0 w as m a d e t o p r o v id e e x te n sio n t o R o ch e s te r.
In M a y 1914 B a ta v ia T r a c tio n C o . pu rch a se d th e tra ck s , ro llin g s t o c k ,
p r o p e r t y , & c ., o f this c o m p a n y in B a ta v ia . V . 9 9 , p . 2 6 9
,
In N o v . 1915 P . S . C o m m . a u th . th e Issuance o f $ 4 9 ,0 0 0 1st M . 5 % b o n d s
^ S T O ^ ^ A N I ^ B o 'n d s —d ° b /3ale.

In terest.

O utstanding.

M a tu rity .

1 s t Cm tg o'^ S ?i’<500 000h °g o ld | - 1904
5 g W " '
fS I ls B o J u l y T 1944
1 Bonfis5an d $ i . 0 0 0 ) - - . c * & r * l i n t , a t C o m 'w e a lth T r . C o . , B u ffa lo , T ru sto e
($ 5 0 0 .— A re s u b je c t t o call o n a n y Interest d a te a t 105.
S

S

R

l i i

S S i I ’& . i b . t .

G !O F p i c B RS^— P r e s e t . L . t e w l s J r .: V . - P . a n d G e n . M g r .. L . L . G r o v e ;
S e c ., G o d fr e y M o r g a n ; T r e a s ., L . K . W a rn ick .
V . 9J, p .
J.
I N T E R N A T I O N A L T R A C T I O N C O .— T r o lle y (See M a p . page 193
T h e U n ited G a s & E lectric C o r p . (see s ta te m e n t o f c o m p a n y under N ow
Y o r k ) ow n s o v e r 5 7 .5 6 % o f In te rn a t. T r a c . C o . co m s t o c k .
V . 9 4 , p . 1383.
O R G A N I Z A T I O N .— O rga n ized o n J a n . 18 1899 u nd er N . J . law s and
a cq u ired all th e electric railw ays c o n n e ctin g th e cities
p n ^ a ' n - N 'a «a r a
F a lls, L o c k p o r t , N o r t h T o n a w a n d a an d T o n a w a n d a , to ge th e r w ith all the
street railw ay system s in all o f said cities;uLs0,,tb«®tSc tri^ /a i s o ^ c m i i r e l l ^ h e
th e villages o f D e p e w an d L a n ca ster w ith B u ffa lo .
It alsoi acq u ire d the
C a n ad ian E lectric R a ilw a y , traversin g th e en tire le n gth o f t h e Q u ° eu V i e
toria N iag ara Falls P a rk an d c o n n e c te d It w ith th e A m e rica n system b y the
acq u isition o f th e steel arch b rid g e at N ia g a ra Falls an d th e Suspension
B r id g e b etw een Q u een stow n an d L e w isto n , w h ich
e q u ip p ed w ith trolley tra ck s . O w n s en tire s to c k a n d $ 4 ,9 8 4 ,5 0 0 b o n d s or
th e In tern ation al R y . C o .
H as tr a ffic agreem en t w ith N *a« a ra G o rg e R R .
fo r th e o p era tion o f cars o v e r th e latter s 8-m iie lin o. C o n tr a c t runs t o 1941.
In D e c . 1912 the P u b . S erv. C o m m , a p p ro v e d th e re o rg a n iza tio n pla n ,
ca llin g fo r exch an g e o f o ld c o ll, tru st 4s, $ fo r $ , fo r new c o l. tru st 4s o f
In te r n a t. T r a c . C o . d u e J u ly 1 1949, a n d lim itin g th e Issue t o $ 1 8 ,3 3 5 ,­
000 instead o f th e $3 0 ,0 0 0 ,0 0 0 p r o p o s e d . V . 9 6 . p . 6 3 q . T hf6 fe ' v rem ain ing
b o n d s o f 1890 w hich d id n o t assent to plan w ere c a lle d fo r p a y m e n t o n
Ju ly 1 1913 a t 110 and in t.
V . 9 6 , p . 1021.
.
. —
N ew P referred Stock.— O n O c t . 10 1915 c o m p a n y file d an a m e n d m e n t to
its ch a rtor p erm ittin g th o c o n s u m m a tio n o f th e p lan (V . 101. p . 527) ror
retirin g th e 8 5 ,0 0 0 .0 0 0 4 % c u m . p r o f, s t o c k , w ith a ccu m u la te d d iv s .
th ereon (4 2 % ) b y an issu e o f new 7 % c u m . p ro f.
5f*ape *or s|™r e *
$ 4 ,4 4 9 ,9 0 0 o f tho s to c k w as s o exch an g ed an d In Ju n o 1916 th o a cc u m u la te d
d iv s . (4 2 % ) on th e u n exch a n ged s to c k w ere p a id in ca sh .
V. 102, p . 210b.
In A p ril 1916 issued $ 1 ,0 5 0 ,0 0 0 Ser al 6 % se cu re d g o ld n o te s t o retire
flo a tin g d e b t an d p a y th e a ccu m u la te d d iv s . o n th e o ld 4 % p r e f. s t o c k u n e%N e w eLiHe.— T h o P . S. C o m m , has a u th . th o salo o f $ 3 ,5 7 0 ,0 0 0 In te r n a ­
tion a l R y . r ef. a n d im p t. 5 % b o n d s, o f w h ich $ 1 ,9 0 0 ,0 0 0 h a v e been issu ed,
t o p r o v id e for th o co n s tr u c tio n an d e q u ip , o f th e h igh -sp eed in te ru rb a n line
fr o m B u ffa lo th rou g h T o n a w a n d a an d N p r th l o n a w a n d a t o N ia g a ra F a lls,
16 m iles, o v e r p r iv a te rig h t o f w a y . T h is lino is e x p e cte d t o b e c o m p le te d
° a S T O C K ^ A N D ^ B O N D S — ^ °D a te .
In terest, ^ l a n d i n g .
M a tu r ity .
$ lQ ,Q^n, o9,9l
§
S to c k , c o m m o n , $ 1 0 ,0 0 0 ,0 0 0 . ------P r e f 7 % cu m ${>,000,000.......................
Q -£ t
M iJ n K n
m W
P r e f 4 % c u m $ 5 ,0 0 0 .0 0 0 ...........- - - Q -M
550 .1 0 0 Sent. 1 6 ,1 /o
C o ll tru st. $ 1 8 , 3 3 5 , 0 0 0 - - - - 1912
4 J-J
1 6 -3 9 5 ,0 0 0 J u ly 1 1949
Serial d e b e n tu re n o te s , $ 5 0 0 .-/1 9 1 3
6 F -A
n^FhlnM tv
000 ($ 1 ,0 0 0 ). g o l d ............ - . c l i j u f ^ f ( ^ T n j . s t e o . 0r
Serial secu red n otes $ 1 ,0 5 0 ,-/ 1916
6 A -O
A r i’ ^ v A r i ^ a v i i ^ n 0 tGXt
000 ($ 1 ,0 0 0 ) g o ld -------c * c p t \ C e n t r a l T r u s t C o . , N e w Y o r k , T ru ste e .
C a r trust c ertifica tes N o 31 1907
6%
2 pl?m ?
TVnstpn6
8250 000
____________ /C o m m e rc ia l T r u s t C o . . P h ila ., T r u s te e .
Ponds and N o te s .— $ 18,3 3 5 .0 0 0 c o ll, tru st b o n d s w ero is s u e d .b u t $ 1 .9 4 0 .­
000 h a v e been r e -a cq u ir e d , an d are p le d g e d as colla tera l t o th e Serial 0 %
secu red n o te s . T h e d eb e n tu re n o te s o f 1913 m a tu re $ 5 0 ,0 0 0 a n u u a lly
b eg in n in g F eb . 1 1914. $ 1 5 0 ,0 0 0 h a vo be e n r e tire d . C a lla b le a t 100 & Int.
on *an y Int. d a te . T h e n ote s o f 1916 are se cu re d b y $ 1 ,9 4 0 ,0 0 0 c o ll, tru st
4 % b on d s d u o J u ly 1 1949. T h e y m atu re $ 1 0 0 ,0 0 0 a n n u a lly o n A p ril 1
fro m 1917 to 1925 i n c h , and $15 0 ,0 0 0 o n A p r . 1 1926, t o b e re tire d e ith e r
th ro u g h earnings o r b y salo o f th o p led ged b o n d s at n o t loss than 6 5 . C a lla ­
b le , all o r p a rt, at 101 an d lu t. o n a n y Int. d a te on 30 d a y s n o tice . I enns y lv a n ia S tate ta x re fu n d e d .
V . 102, p . 1436. C a r tru st c t fs . N o . 3 aro




2 d M , $250,000. g, s f, red)

1896 5 g '-J

25,000 July 1 1921

S 3lo & L o c k p o r t 1st m tg e t, e 1
n 8 t9 8
6 ' B t5“ k
sr l r u s t 5 0 0 ,0 0 0 J u ly 1 1938
g f J-J
B u ffa
g o ld , $ 5 0 0 .0 0 0 ......................... E q u ita b le T r u s t C o . , N o w Y o r k , T r u s te e ,
x 01fcott__Ry
u i c o c i ity 1st
is q
1900 5 g J-J
8 0 0 ,0 0 0 J u ly 1 1920
L oicitporc
ck p ort &
m o rtg a g e , $ 1 ,0 0 0 ,0 0 0 . g o l d ) I n t . a t G u a r a n ty T r . C o . , N . Y . , T r u s .; also
( 8 1 000) - _______________c * l
at B u ffa lo . G u a r ., p . & I., b y In te r . T r a c .
N iag ara
F ails
S u sp e n sio n )
1897 5 g J-J
3 0 0 .0 0 0
Jan 1 1928
B r id g e , C lifto n Suspension T o r o n t o G en eral T ru s ts C o r p . T r u s te e .
_______________l i n t , a t A m e rica n E x c h . N a t . B a n k , N . Y .
B r ld e e
L ew iston C o n n e c tin g B r id g e )
1898 5 g A -O
125,000
O ct 1 1928
C o,
Q ueenston
H e ig h ts )T o r o n t o G eneral T ru s ts C o r p .. Trustee.
B rid g e C o
____________ l i n t , a t A m e rica n E x c h . N a t. B a n k , N . Y .
6 J-J
"ju !y ! I ooq
a N ia g Falls & Susp B rid g e R y - 1893
a N la g Falls W h irlp o o l & N o I ly 1894 6 J-J
o l n ’ n n o yi d i o ^ 2^
R e a l esta te b o n d s an d m o r t - f ------6 M -N
2 o 0 ,0 0 0
1919
g a g e s ________________________(I n t . a t F a rg o & C a ry E s ta te , B u ffa lo .
a A ll o w n e d b y In tern a tion a l T r a c tio n C o .
6 O f this $ 3 5 0,00 0 o w n e d b y In te rn a tio n a l R a ilw a y C o .
Bands.— O f th e In te rn a t'l I t y . re f. an d im p . b o n d s, $ 1 1 ,0 1 1 ,5 0 0 are r e ­
served t o re tire p rio r lien b o n d s; rem ain in g b o n d s m a y b e is*sued o n ly for
a d d 'n s , im p ts ., & c . t w ith co n s e n t o f th e P . S . C o m m . C o u p , b o n d s In
d o n o m . o f $ 1 ,0 0 0 and reg. b o n d s o f $ 1 ,0 0 0 an d m u ltiples.
R o d . o n a n y in t.
d a te a t 110 a n d in t. I n t. p a y a b lo a t o ffic o o r a g e n c y o f the c o m p a n y in
N e w Y o r k . E x e m p t fro m N . Y . S ta to , c o u n t y an d m u n icip a l taxes. S k .
f d . b egan in 1912 and w ill p r o v id e b y J u ly 1 1949 su ffic ie n t fu n d s t o ro tlro
all e x ce p t $ 6 4 1,00 0 o f tho o u ts ta n d in g u n d e rly in g b o n d s to a, to ta l p a r v a lu e
o f $ 1 2 ,6 5 1 ,5 0 0 . T h e b o n d s are secu red b y a 1st M . o n a b o u t 43 m iles o f
tra ck (in cl. 15>4 m . in B u ffa lo ) an d b y a m tg e . o n rem ain in g p r o p e r t y , s u b j.
t o divisio n a l b o n d s. T h e y w ill also b o a 1st M . o n th o now lino b o tw oen
B u ffa lo an d N ia g a ra F alls.
V . 9 6 , p . 62; V. 103, p . 1032. T h e T o n a w a n d a
E le c . R R . m tg e . d u e A p r . 1 1907 w as e xten d ed until 1917.
The N ia g . l a l l s
& S u sp en . E d g e . R y . b d s . o f 1893 an d N ia g . F alls & W h irlp o o l N o r . b o n d s
o f 1894 g iv e n in th e ta b le a b o v e m atu red in 1903, b u t w ere a cq u ire d b y the
In tern a tion a l T r a c tio n C o . a n d e x te n d e d ten yea rs, and then d ep o site d w ith
Tm.
Meow
th e n
G.u——
a ra n ty T
r uGt
s t C o . r*f
of N
w Y
Yco r k as a d d itio n a l s e cu rity u n d er the
In
in te
tern
rn aation
tio n a
all T r a c tio n <
Cj o .. couacurai
collateral trust/
— - ex te n d e d , m a tu r ity n o w b ein g J u ly 1 1923 an d bearin g Interest a t 6 % . A ll
th e o u tsta n d in g s to c k an d $ 4 ,3 4 4 ,0 0 0 r e f. & im p t. 6 s o f th e In te rn a t. R y .,
$ 60 ,000 T o n a w a n d a S t. R y . 1st 6 s , $ 4 0 ,0 0 0 b o n d s o f T o n a w a n d a E le c . R R . ,
$51 8,00 0 b o n d s o f th o N iag ara Falls & Suspension B rid g e an d $ 2 2 ,5 0 0 b o n d s
o f th e N iag ara Falls W h irlp o o l Sc N o rth e rn are p led ged as s e cu rity fo r th e
In tern ation al T r a c tio n co lla te ra l tru st loan .
E A R N I N G S .— -For y ear o n d in g D e c. 31 (1915 re p o r t in V . 103, p . 4 9 0 ):
Calendar
Gross
N et (a fter
Fixed
R eneivals. B alance,
Y ea r— •
E a rn in gs.
T a x es).
Charges. A c . , Reserve. Su rplus.
1915
$ 6 ,8 3 9 ,9 7 4 $ 2 ,9 3 3 ,9 4 6 $ 1 ,8 6 6 ,9 6 0
$39 6 ,5 8 2 $ 6 7 0 ,4 0 4
1914
. 6 ,7 6 0 ,5 8 1
2 ,7 3 5 ,1 4 8
1,823,381
3 5 9 ,2 4 4
552 ,523
Latest "Earnings.— 12 m o s . e n d . J u ly 31 1916.—
■„ . . .
1 9 1 5 -1 6 --..............$ 7 ,4 4 0 ,6 2 7
$3,2 7 2 ,4 9 1 $ 1 ,9 0 5 ,6 1 2
$ 5 1 3,82 7 $ | j)3 ,0 o l
2 ,7 5 6 ,4 9 5 , 1,8 4 3 ,7 6 2
3 2 2 ,0 2 8
6 9 0 .7 0 4
1 9 1 4 -1 5 ________ 6 ,7 1 4 ,4 7 7
R O A D , & c.— L en gth o f lin o , 22 4 .3 5 9 m iles (o w n e d . 199.516; loasod. 1 8 .1 9 6 ,
tra ck a g e . 6 .0 4 7 ); to ta l m iles o f tr a c k , in cl. s e co n d track cro sso v e rs s id ­
ings, <5tc. , 398 m iles.
G a u g o . 4 f t . S A In.
R ail (s to e l), 4 o t o 14o lb s .
1,038 cars o f all classes, in clu d in g 851 passongor cars.
G roa ter p a rt o f
electrical en ergy used is pu rch ased fro m th o N ia g a ra F a lls P o w e r O o . and
Its allied c o ., th o B u ffa lo G eneral E le c tr ic C o .
_
_
O F F I C E R S o f all o p e ra tin g co m p a n ie s .— P r e s ., E d w a rd G . G o n n e tte,
Y . - P . , E . J . D ic k s o n ; S ec. & T r e a s ., G o o . W . W ils o n ; A u d ., C h arles A .
ChO F I T C E R S o f In te rn a tio n a l T r a c t io n C o .— P r e s ., R o d m a n E . G r is c o m ,
V . - P . , E . G . C o n n o tte ; S ec. & T r e a s ., G e o . W . W ils o n : A u d ., C k a )- A .
C h a v e l.— V . 100. p . 47 4 , 733; V . 101, p . 527 , 1465, 1713, 207 1, 2 14 4; V .
102, p . 8 8 6 , 1436. 2 16 6, 234 1; V . 103, p . 490 , 6 6 6 , 1032.

BURLINGTON, IOWA.
B U R L I N G T O N R A I L W A Y & L I G H T C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p . In 1912 in D ela w a re and acq u ire d th e P e o ­
p le 's G as & E le c . C o . and old B u rlin g to n I t y . & L igh t C o . D o w e n tire
m u n icipa l an d co m m e rcia l e le ctric-lig h tin g an d pow er business In B u rlin g ­
ton and s u b u rb s. A ls o ow n s ste a in -h o a tln g an d gas pla n ts. R a ilw a y
franchises are p erp etu al, e x ce p t fo r tw o su bu rba n extensions o f m in or im p o r ta n c o . L igh tin g fra n ch ises In B u rlin g to n oxp ire In 1927.
S T O C K S A N D B O N D S — D a te.
In terest.
O utstanding.
M a tu rity .
C o m m o n . $ 3 ,0 0 0 .0 0 0
- - - - - - - .......$ ^ 0 0 , 0 0 0 - - - - - - - - - ­
P referred $ 2 ,0 0 0 ,0 0 0 6 % c u m
— - ...... 6 J-J
u „ Si
F irst m o rtg a g e , $ 7 ,5 0 0 ,0 0 0 . g ) 1912
6 M -S
1,7 1 9 ,0 0 0 M a r 1 1932
($ 1 ,0 0 0 ) sin k in g f d . . - C * t f /
I n t . a t E q u lt . T r . C o . . N . Y . , T r u s te o .
Bonds.— R em ain in g b o n d s are for a d d itio n s , b e tte rm o n ts or e x te n sion s,
under certa in restriction s, at 8 0 % o f c o s t . C a lla b le a t 105 and Int. on a n y
Int. day on 3 m onths* n o t ic e . S inking fu n d o f 6 % o f gros 9 earnings began
J u ly 1914. V . 9 5 , p . 678 .
,
, . ,
D ivid en d s.— 6 % is be in g p a id o n p r o fo rro d s t o c k .
E A R N I N G S .— F o r fisca l y e a r o n d . Ju n o 30 1915. gross, $ 3 9 4 ,3 8 5 ; n o t ,
X1S4.424: o th e r In com e S 5.899: to ta l n o t In co m o , $ 1 9 0 ,3 2 3 .

_ ? ? (A D . ' T ° . ! ,rn8 a p d op erates a b o u t 23 m iles o f tra ck In B u rlin g to n
* nn ™ o i ? o a >8' n 6® t o 8 5 -lb . T rail. 62 passenger ca rs .
w ^L1
R ?n,— Pr<? - ’^ G e o V n - H lg b e e ; V .- P s ., E . C . W a lsh a n d M . A .
W alsh . S e c ., Treas. & G e n . M g r ., C . H . W a ls h .— V . 95. p . 6 7 8 . 1039

1 9 1 4 ^ o Sb ^ ^ n n v ^ ^ 9 ^ , f | V s t o c k ' ° n TO m m on' ln » M 1 *>
c r ^ s V^
4 4 fi ? 8 8 ^ n L C0oI?.b ln e d P rop erties f o r y e a r e n d in g M a y 31 1916,
D rtM nt on hnn8H
8« X e ’ / o ? n CiIA~r - e x p ., ta xes, m a in t. an d ren ew als, $ 5 9 2 .$76,’5 0 0 ; surplus ’ $ 1% 5 ?7 U .
;*
dlVS” S 1 2 0 ’341 : c o m ' d l v s ‘ (4 « % ) .

BURLINGTON, VT.

of-way PutetanfiSlv i m W
80, r? ad 45H[miles long on private rightr iohnn•
il!. iIy . 0 tt. wide between Cedar Rapids, Iowa City and
Toledo’ and °Cedjfr rtlnm r a 14 a?? ln. 7M »rshalltown, Boone. Tama and

n<XPi^i"'TION CO*— A trolley road.

of^?L -°?on n A^ P / B ° ^ R « 7 “
D a te .
Interest.
Outstanding.
M a tu rity .
Q -F
$ 2 0 0,00 0 A u g .'1 6 , 2 H
S t o c k , $ 2 0 0,00 0 (par $ 1 0 0 )--------------3 0 -yea r b o n d s, $ 5 0 0 , 0 0 0 . . . t f 1912
6%
350 ,0 0 0
1912
Bonds^— 1 he rem ain in g $ 1 5 0 ,0 0 0 b o n d s ca n o n ly b e issued w ith p e rm is­
sion o f P u b lic S erv ice C o m m is s io n .
D ivid en d s.— P rev iou s t o 1903, 4 % y e a r ly . F ro m 1903 t o 1912. 6 %
y e a r ly .
In 1912, 1913 a n d 1914, 8 % .
In 1915, F e b .. 2 % ; M a y , 2 h i% ;
a n d sa m e rato q u a r. s in c e to and in c l. A u g . 1916.
im .
June 30—
Gross.
N et.
Charges.
D ie s .
Su rplus.
1 9 } 4 - 1 5 ....................................... $14 0,53 9 $59,107 $17 ,500 $17 ,000 $24 ,607
i S l p - H . . ..............................
129,398
4 8 .6 4 8
18.250
16,000
14,398
K O A D .— O w ns 12 m iles o f track In c it y o f B u rlin g to n .
B ails 0 0 , 70
T . O w ns 15 b o x ca rs, 18 o p e n cars, 1 c o n v e r t, c a r , 2 sn o w p lo w s .
O F F I C E R S .— P r e s ., E lias L y m a n ; V .- P ., J n o . J . F ly n n ; T r e a s ., W . F .
H en d ee; S e c ., O . W . B r o w n e ll— V . 9 4 . p . 1185.

m ?sc 8 * t o t S I f o earsP ld mntn '? M L V e r n o P- 42 pa ss. ca rs . 30 fre ig h t;
m is c .. 8, to ta l 80 ca rs. T o t a l ra te d c a p a c it y o f ge n e ra tin g p la n t, 2 4 ,0 7 6
than’
2 0f t.0
n0m0 h
,w n
it ba' tan
c asp. a c ity o f n o t less
tn
an 2
h . p . is u n d e r ecoo pn ls?treuncttio
C eudltim
a r Ra atep id
Isa^ c BIC^ Jd?h “ v Fp ’ aT
ntLG eA
n - M a n - W illia m G . D o w s ; V .- P . a n d T r e a s .,
Ra o i d s —
n' vL: v ro n A ‘
S ec”
s - W o o d w a r d , all o f C ed a r
R a p id s .
\ . 9 5 , p . 750, V . 100, p . 2 16 7; V . 10 1 , p . 1 4 6 5 ,1 8 0 6 ; V . 102 ,p . 1163.

CEDARBURG, WIS.
^

VTA U K E E N 0 ^ T H E R N R Y . — A n e le ctr ic r o a d .

BUTTE, MONT.

BUTTE ELECTRIC RAILW AY.— Trolley.

1 his c o m p a n y w as in co rp o ra te d in W est V irginia In D e ce m b e r 1899 as
su ccessor o f th e B u tte C o n s o lid a te d B y ., so ld a t fo re clo su re .
In teres t d u o on M a r . 1 1915 w as p a id S e p t. 1 1915 an d su b se q u e n t c o u ­
p o n s h a v e been p a id 6 m o s . a fter th o y b e ca m e d u e . S e p t. 7 1916 Interest
a ls o d e la y e d .
ST O C K A N D BO N DS—
D a te.
In terest.
O utstanding.
M aturitu
S t o c k , $ 1 ,0 0 0 ,0 0 0 (par $ 1 0 0 ) . ------M -N
$ 1 ,0 0 0 ,0 0 0 O ct '0 6 2 %
1st M . $ 7 0 0 ,0 0 0 , g o ld , $ 1 ,0 0 0 / 1900
5 g M -S
7 0 0 ,0 0 0 M a r 1 1925
ea ch
c * c p t ll n t e r e s t a t W . A . C la rk & B r o .. B u tt e .
B on d s.— M a y b e ca lled fo r p a y m e n t o n M a r . 1 1 9 1 5 o r on a n y in terest
d a y th erea fter. Sinking fu n d o f 10 % par v a lu e o f b o n d s b egan M a r 1 iQ ir,
D i v i d e n d s . - 1^ 1905, 4 % ; In 1 9 0 «. M a y , 2 % ; O c t ., 2 % T n o ™ s in ce .
R O A D .— O perates 3 6 .2 3 0 8 m iles o f t r a c k . 5 6 -6 0 -8 0 -lb . T rails
5?
passengor and 3 w ork ca rs .
*
E A R N I N G S .— Y ears e n d in g Ju n o 3 0 :
, Year—
Gross. N et (a ft. T a x es ). D e a r'n .
In terest.
Balance.
1 9 1 5 -1 6 ..........$ 5 5 0 ,0 3 7
$ 1 0 0 ,6 8 6
$53,288
$ 4 3 ,4 5 9
s u r .$ 3 ,9 3 9

1914-15------- 466,936

26,325

53,478

41,48i

aer.es,
6 33 '4
d e f .6 8 ,6

Passen gers carried in 191 5-1 6, 1 2 ,4 9 4 ,7 2 2 , a gain st 1 0 ,5 1 1 ,8 2 9 In 1J14-15
O F F I C E R S .— P res., W . A . C la r k , B u tte ; V .-P J R . W h a rto n ; S ec.
T rea s . J . I I . A n d e rs o n , 20 E x ch a n g o P la c e . N . Y . — V . 7 2 . p . 190: V . 100,
p . 1 0 7 8 ,1 5 9 1 .
•

CALAIS, ME.
C A L A I S S T R E E T R A I L W A Y .— A tro lle y r o a d .
O R G A N I Z A T I O N .— S to c k , $ 5 0 ,0 0 0 c o m . an d $ 5 0 ,0 0 0 p r e f.;
first
m o rtg a g e . 1910 ( n t f ) , 5s, J -J , $10 0 ,0 0 0 d u e J u ly 1 1930.
R E P O R T .— Y e a r en d in g Jun o 30 1916, gro ss, $ 4 0 ,5 3 0 : n e t, S 10 .90 8:
ln t. a n d ta xes, $ 5 ,777; dlvidon cls, $ 5 ,0 0 0 ; surplus fo r y e a r, $ 13 1.
R O A D .— C a lais Street R y ., low er w h arf to u p p er b rid ge , C a la is, 4 m iles
S t. S tephen E le ctric R y .. M illt o w n , N . B . , t o S t. S te p h e n , N . B . 3 m ile s ’
to t a l, 7 m iles. T h e S t. Stephen E le c tr ic S treet R y . is a se p a ra te c o r p o r a ­
tio n , b u t is ow n ed entirely b y th e C a lais c o m p a n y . 9 ca rs.
OFFICERS.— Pres., G e o rg e A . Curran; Sec., Treas. & G en Mgr
B en ja m in Y . Curran; Supt., C. F. Pray; all of Calais, M e .
'
gr”

CANTON, MASS.
S T o r rf
k / h ^ p'Jw rfsT R A / ? " ^ A ^ "T ~A tr o lle y r o a d .
S t o c k . $30 0 ,0 0 0 ($ 1 0 0 )_______
°
nter^ t .
Oiitetandfnp.
M a tu rity .
F lm t m o r tg a g e . $ 5 0 0 ,OOO,
1903
5 g A -0
O rff V 1923

StoSc \ ? c o KmmonD S

°Sfo O O O O O ’

MatUTit^

h..R O A P ' — )V lU
120 m iIcs lo n ^ ’ ru n n in g n o rth fro m M ilw a u k e e t o C e d a r b u rg , w h ere it fo rk s , o n e branch exten d in g t o S h e b o y g a n via P o r t W a s h in g ­
ton a n d th e o th e r t o F o n d d u L a c . O p era tes 69 m iles o f tr a c k , in clu d in g
in M ilw a u k e e , be tw e e n M ilw a u k e e , C e d a r b u r g an d S h e b o y g a n
Is d o u b le -tra ck in g th e lin e b etw een M ilw a u k e e & C e d a r b u r g 10 m iles
c o m p le te d . G a u g e , 4 f t . 8 H in . 7 0 -lb . T rail.
O F F I C E R S .— P r e s ., W m . A . C o m s to c k ; V .- P . an d G e n . M a n ., F . W
W alker; S e c . an d T r e a s .. H e n r y A . H a ig h .— V . 8 5 . p . 601 ; V . 9 2 . p . 72 5 .

CHAMBERSBURG, PA.
CHAA1BERSBURG & GETTYSBURG ELECTRIC R Y .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia D e c . 4 1900.
S t o c k T 2 2 V 0 0 0 D($B5 0 ) ! D. S7 . ^
IntereSL ° Uti & nA
M a tu r it^
S 2 2 5 ,000
( $ 1 ,0 0 0 ) ,/ 1903
B m '- N ’
2 2 5 ’. 000 M a > 'V i 9 3 3
n o t r e d ., n o s in k . f u n d . _ c * l I n t . a t N o rth a m p to n T r . C o . . E a s to n . T r u s t .
« t ^ ? N IN G S i77:F 0t y e ^r .e n d l? g D e c - 31 19 1 5 - s r o s s . S 35 .93 0: n e t. $ 5 ,509
0 t »Cr>iniA0 m ?-; S195: b ? n d in t. & ta x e s, $ 11 ,896 : d e fic it , $ 6 ,1 9 2 .
r.-<7» „ A G ' ia G b ? f a t ?S 13.25 m iles o f track b etw een C h a m b e r s b u r g , S t o freretow n , F a y e tte v ille , G r e e n w o o d a n d M t . U n io n . 60 t o 8 0 - l b T T an d
gird e r rail. G a u g e . 5 f t . 214 In.
S u p c f i L B ^ F r 7 z r0S‘ ’ T ‘ B ‘ K o n n e d y : S e c - a n d T r e a s ., W . L . R it c h e y

I f c - C ^ T a b l e 'a s a w hol'e a t
S
d
" " N m f t a ^ h l e Tn
'
EARNINGS.— For 12 mos. e n d in g D e c . 3 1 191? Kross 890 741 nPf
af
^ 7,468: Interest, $ 2 0 ,2 4 7 ; d e fic it , $2,779.’ 8
' S 90 ,74 1,
tf

liO A D .

I * * . . ^

2 d 1p'ref^SGOO ,000 ,^6 I l o T c u m .1111
l i t
’| 8 8 ’ oo 8 S e l l ’ l l
1st m tg e $ 4 ,0 0 0 ,0 0 0 g o l d / 1911
5 A -O
1 5 9 5 o o o A ,fr
($500 a n d $ 1 ,0 0 0 ) - .
c t f ( l n t . a t F t a t S a v . & T r / c o / . M ilw P T r u s te e
B on ds.— R em ain in g b o n d s m a y b e issued o n ly w hen b e t e a r n i n g I r e
tw ice in t. ch arges Incl. b e n d s t o b e issu ed, a t n o t e x ce e d in g 7 5 % o f c o s t
o f e xten sion s, a d d itio n s & c.
S u b je c t t o call a t 105 an d ln t V
92 n 725
D ivid en d s.— D iv id e n d s o f 3 % p a id s .-a . o n 1st p r e f fro m S e n t ’l o i 1 &
M a r . 1914 (in c l.) . N o n e to J u ly 1 9 1 0 . w h e n 8 % w u p l i d .
On 2d p rof
p a id 3 % s .-a . fro m S e p t. 1911 t o M a r . 1913, i n c l
N o n e sin ce .
P
E A R N I N G S .— F o r ye a rs e n d in g Ju n e 3 0 :
, . Year—
G ross.
E x p .& T a x .
N et. In terest. S u rn lu s
................................ S 3 3 2 .3 3 6
S 18 5.2 40
$ 1 4 7 ,0 9 6 S 79 .77 5 $67 321
19 1 4 -1 5 --------------------------- 3 3 4 ,5 6 3
192 ,383
1 42 .180
7 9 ,7 5 0
6 2 ,4 3 0

CHAMPAIGN, ILL.
ILLINOIS TRACTION CO.— (See M a p on pa ge 2 2 .)

Operates 19.7 miles of track from Al&ttap&n. where conneotfnn

— In c o r p o r a te d in M a in e o n M a y 13 1904
On
s i° 5Vnnn0non 1-? ,n c .reas.ed th e a u th . c o m m o n s to c k fro m S 1 0 ,0 0 0 ,0 0 0 to
f i ^ ° ? 7 d 0 0 - J n ord e r t0 a c q u ir e c o n t r o l o f th e a llied W e ste rn R a ilw a y s &
LJgM C o . T w o shares o f R a ilw a y & L ig h t c o m . w ere exch an g ed fo r on e
®f ‘ 1' la “ ls T r a c t io n c o m ., $ 4 ,5 0 9 ,2 0 0 o f th e $ 4 ,5 2 1 ,8 0 0 s t o c k o u t s t a n d f o !
Cquir<?d - ttT SS p r e f: ®t o c k o f th e R a ilw a y s & L ig h t C o . rem a in j
!)a n h « nd n g .
^ * 9 7 , p * 429 a n d 1504. C o n tr o ls th e fo llo w in g c o m -

CAPE MAY, N. J.

S c h e l S - 8° l i n d i n g PR R rayT1^
““
ow e? fo ? f r X h t
•
1 tocTk°p°aWfnN ( p a ? l i O ? - 8 ”
S

^

^

8

S

«

f 5

P o ln t R R -> an d
C^m M ay^
eCtrlC POWer f° r basseu ger se rv ice and

.. ^

; “

° f iM

™

:

I

) T

P u rity .

S

r I 11 1894 and 1895 b u t o n e interest^paym ent w as m a d e b y m u tu al con sen t
o f b on d h old ers
Interest w as re d u ce d t o 5 % fo r 5 years f r o S F eh 1 m m *
a n d rem ain s at 6 % . T r u s te e is N . J . T r u s t & S IV C o P n l i l 6 ' v r 1 r 6 '
R O A D .— O perates 12.0 8 9 m iles o f track e x t e n d i n g ^ ’ C w M a v P o in t
and Sew ell s P o in t, along th e beach fro n t th ro u gh <4tv
0 ,n t
E A R N I N G S .— F or ye a r en d in g D e c . 31 1 9 1 5 7 g r o s s r e c e ip t e ^ S ^ - 147o p e ra tin g expenses, repairs, & c ., $ 2 4 ,1 2 0 ; d e fic it
p t s ' 8 1 7 ,1 4 7 ,
V.

p ? 826^*9 8 2 f * ' ’ N e lso n Z ‘ G r a v e s ' Ph ilad elphia.'— V . 7 2 , p . 5 3 2 ;

CEDAR RAPIDS, IOWA.
IO W A R A IL W A Y & L IG H T C O .
/-,.P 1VPA I? I ? A T I G N ’—
a re -in c o r p . in 1912 o f th e C e d a r Rapids & Iow a
fo llo w in g ‘■compan<lesan d h M a cq u iro d th e pr0pertl08 fo rm e r ly o w n e d b y the
B ^ e E le c t r ic C o .
IN e v a d a (Io w a ) E le c tr ic C o
C b d a r R a n . & Io w a C y . R y . & L t .C o . |P erry E le c . L t . , P o w . & H e a t C o
M nrlhTU t tlt’ r i oa ij& ,>owcr C o .
[T a m a & T o le d o E le c tr ic P o w e r C o
M n w n » ^ s ni i ' ' P o w e r & I ly . C o . |Tam a & T o le d o R y . C o .
R a o id s M w ° K » n “ niti re e le ctric lig h t a n d p o w e r p ro p e rtie s In C e d a r
C h elsea T a m a 'rv.u.uUB ^ . no<r M a r io n , P e rry , B elle P laino, B la irs to w n ,
th ro u g h ’ its high tnni?on i? nd ^ j° y atla , an d supplies m ore th a n 50 tow n s
I o w a C l t v a n f r ™ ^ 1i / , 1Iinie s :Tl.n.t e rurban ro a d betw een C e d a r R a p id s and

* A tc h iso n R y . , L t . & P o w e r C o .
B loo m in gton D e c a tu r & C h a m p . R R
B lo o m in g to n & N o r m a l R y . & L t .C o
♦C airo C it y G a s C o .
♦C airo E le c tric & T r a c tio n C o .
♦ C airo R y . & L ig h t C o .
♦C airo & S t . L o u is R y . C o
♦C h icago O tta w a & P eoria R y . C o .
♦ C itiz e n s 'L tg . C o . o f L a S alle.
C itiz e n s P u re Ic e C o . , J ack son ville.
C lin to n (111.) G a s & E lec tric C o .
C o lfa x E lec tric L ig h t C o . (I o w a ).
♦C on su m ers W a t e r & L ig h t C o .
D a n v ille C h a m . & D e c . R y . & L t . C o .
D a n v ille & E a stern Illin o is R y .
D a n v ille & N o rth e rn R R .
D a n v ille & Sou th eastern R y . C o .
D a n v ille Stree t R ailw a y & L ig h t C o .
D a n v ille U rb an a & C h a m p a ig n R y .
D e c a tu r R a ilw a y & L ig h t C o .
D e s M o in e s E lec tric C o .
D e s M o in e s & C e n t . Iow a E le c . C o .
♦G alesb u rg R y ., L igh tin g & P o w er.
T1lln/\(n rs
*__^1 m__^i.1-----Illinois C e n tra
l T r a c tio n C o .

C o m p a n ie s m ark ed w ith * fo r m e r ly c o m p rise d W e ste r n R y s . & L t . S y s.
In A p ril 1907 ob tain ed a. ^ 0 -y e a r franchise on certain streets o f S t . L o u is
a° d
also g ven a u th o rity b y th e U . S . G o v e r n m e n t to bu ild a bridge
across th e M ississip p i R iv er b etw een V e n ic e .I ll., an d S t . L o u is . M o .
T h is
bridge w as op en ed to traffic In N o v . 1 9 1 0 a n d . w ith term in als in S t . L o u is
rep resents an in v e stm e n t o f o v e r $ 6 ,0 0 0 ,0 0 0 .
V . 92, p. 259.
O n J u ly f
l u l l began running express trains b etw een S t . L o u is & P e o ria , 174 mlfesT
w ith endy tw o stop s— a t Sp ringfield a n d L in coln — th e ru n n in g tim e bein g
5 H h o u rs, or a b o u t 3 2 m iles a n hou r ( V . 9 3 , p . 4 4 ) .
In A u g 1 9 1 1 th e
c o m p a n y op en ed o ffices in C h ic a g o , w ith th e p u rp ose o f secu ring freigh t
from p oin ts betw een C h icago an d S t . L o u is, tn ou gh c o m p a n y h a s as y e t
no direct en trance in to C h ic a g o .
V . 93, p .5 2 7 .
v *

m
w m

bu sin ess, ex ch a n g in g freigh t w ith fo u r ste a m roa d s

fre lgh t

l v - lo o ' p - 2 m >»

STOCK AND BONDS—

Com m on $ 3 , 0 0 0 .0 0 0 ...............

D a te.

P r e f. $3,000,000, 7% cum_________
51 0 -0 0 0 ,0 0 0 g| 1912
C e d R a p & I o w a ^ / t V i t & *L i

Interest
m erest.

Q-M
5 M -S

Outstanding.

* u i«

Maturitu.

$ 1 , 7 0 0 ,0 0 0 See “ e a r n s ."
2 , 4 5 0 ,6 8 5 S e p t. '1 6 ,1
4
642
000
Sent
4 ,6
4 2 ,0
00 S
ept 1
1 l'o
1932

19038 ^ 'r5 & T * n ' R a u k , C h ic a g o , trustee.

$5B<4 0 8 39 5 0 9 1 5 the b on d ed ln d e b ted n ess o f th e p roperties con trolled

STOCK A N D BON DS—
Date.
Interest
Outstanding. LastDivid.
C o m m o n , $ 1 5 ,0 0 0 ,0 0 0 ( $ 100) . _____
______
$ 1 2 ,2 5 1 ,4 0 0 A u g .’ 1 6 , J * %
P ref 6 % cu m S 1 0 , ( j 0 0 . 0 0 0 ( S 1 0 0 ) " "
O -J
7 , 1 3 5 ,5 0 0
O c t. '1 6 . 1H
D eb e n tu re go ld b o n d s______________
5%
1 ,7 6 6 ,0 0 0
Feb I 1925
Western Railways A Light Co.— "
P f cu m 6 % $ 3 , 5 0 0 ,0 0 0 ( $ 1 0 0 ) ______
Q -J
3 . 1 6 9 .0 0 0
See te x t
D e b e n tu re g o ld b o n d s .............. t f ____
5%
1 .6 4 5 .0 0 0
^ onal Pre£errc<! sto ck can o n ly b e issued w hen n e t earn ings
? re 5 ? ua r>to . 9 ^ > ,on pref er|\ed sto ck o u t an d th e a m o u n t p ro p osed to be
IssuedPreferred stock Is listed on M o n tr e a l S to c k E x c h a n g e .
41 ™
per , 4n? y m k b e t a ? paid on th e preferred s t o c k .
F irst
Raid M a y 15 1 9 1 3 ; sa m e rate q u a r . sin ce to a n d in cl.

sto ck s?nce o r ? i n f c l o n . ^

lie M

11

i 552

O o W

f e l8t &

‘^ R

o o o 1l? I r ^ e \ v ked for prior

are for extensions and additions at 80% o f post fnr

95?dp.f 7r50r.edem PtlOa ° f b ° n<Js ° r to e




' b e tte rm e n ts

V?

J ack son ville R a ilw a y & L ig h t C o .
J ack son ville R y . C o .
♦Jefferson C it y L t . , H t . & P o w . C o .
K a n sa s R y . & L ig h t C o .
M a d iso n C o u n ty L ig h t & P o w er C o .
M o n te z u m a E l . L t . , P o w . & H t g . C o .
M o n tic e llo E le c tr ic L ig h t C o .
♦ M o u n d C it y L ig h t & W a t e r C o .
N e w V a lle y Ju n ction W a t e r & L t . C o .
♦ N orth er n Illin o is L ig h t & T r a c . C o .
O sk aloosa & B u x to n E le c . R y . C o .
O sk aloosa T r a c tio n & L ig h t C o .
P eoria R a ilw a y C o .
♦ Q u in cy R a ilw a y C o .
S t . L o u is E le c tr ic B rid ge C o .
S t . L o u is E le c tric T e r m in a l R y .
S t . L o u is Sp ringfield & P eoria R R .
T o p e k a E d ison C o .
T o p e k a R a ilw a y C o .
U r b a n a & C h a m p a ig n R a ilw a y , G a s
& E le c tric C o .
U r b a n a L ig h t , H e a t & P o w er C o .
♦ W ic h ita R R . & L ig h t C o .

be<m PaW ° n W eStern R y s ’ & L ig h t C o ' ’s p r e f'

in V E 102R p ’ 7 8 0 7 C° m b ln ed p ro p e rtle sfo r calen d ar yea rs.
R e p o r t f o r 191 5
Gross Earnings—
1915.
1914.
1913.
1912.
In teru rb an lin e s .................... $ 3 , 5 5 9 ,0 2 8
$ 3 , 6 2 6 ,6 3 6
S 3 ,6 0 4 ,2 6 5
$ 3 ,3 9 5 ,6 3 4
C it y lin es.................................
2 .8 7 1 .0 3 5
3 , 0 2 1 .8 5 9
3 ,0 7 2 ,2 3 5
2 , 9 5 0 ,5 6 3
9 0 5 .7 0 3
G a s - - - ......................................
8 7 7 ,9 8 2
8 1 6 ,9 1 2
7 8 3 ,6 7 9
E l e c t r i c .....................
3 ,3 2 5 ,4 1 1
3 ,0 0 2 ,3 7 8
2 ,6 3 6 ,7 1 4
2 ,2 1 8 ,4 1 9
I l e a t , w ater & m i s c c l l ..
5 2 6 ,8 1 8
5 8 3 ,9 9 9
3 9 0 ,9 7 2
3 6 2 ,1 8 2




REPORT— (.Continued.)

1914.

1915.

1913.

1012

"f f i g
c S ^ « ad K w ffi;:; m t g i

* !& g ®

< 3 ,ii? S < 2 * ,® i$

3« ’517

STOOK AND BONDS—
D a te.
In terest.
O utstanding.
M a tu ritu .
Stock—$1,540,000 outstand’i All owned by Western Rys. & Light C o.
First cons and ref mtge, guar
1907 5 g J -D
$2,918,000 Dec 1 1938
$5,000,000 ($ 1 .0 0 0 )... tf ,Oentrai Trust Co. of Illinois, Trustee.
Illinois Val 1st M, $2,000,000 1905
5 g M-S
1.197.000 Sept 1 1935
g
($500* $1,000) Tgilarc - tf
B ondV — P h ,vB T i ^ ' V '- V P v ® * P vln« N a t . B a n k . N . Y . City,
/tonds. Gb. Ott. & Peo. 1st M. bonds are guar., p. & 1., by Western Rys.

<?nrnhf«. d e d u c t io n s -------$ 4 ,0 6 4 ,2 7 6 $ 4 ,0 8 6 ,3 0 7 $ 3 ,5 1 4 ,4 1 7 $ 3 ,0 1 6 ,9 4 9
F r o m f l m 'h d T V .......... , *4 6 6 ,1 5 0
$ 43 9,08 5
$807,809
$91 8 ,4 8 5
a b o Y° in p )15 thoro w as d o d u cto d $403,611 fo r d o r e s ^ t i ™ i £ £ ? n h 3! 6 f0r b o n d d is c o u n t, a gain st $30 9,58 0 an d $ 4 7 ,9 5 7 ,
resp e c tiv e ly , in 1914, lea vin g a surplus o f $8,143 In 1915, again st $ 3 1 ,5 4 8 .
pnmnptao o^/ tToo *n t0ru rban lines co m p rise 625.61 m iles o f track : c it y lines
2/ ° ’22 miIes o f track : total o f all Unas. 8 5.83 m iles.
In 1912
i „ ,to a c o n tr a c t w ith W a b a sh R R . fo r a p hysical c o n n e c tio n and
E
a
interchange a t D e ca tu r.
H as w ork ing agreem en t w ith all steam
roan s in its territory th a t ca n be o f se rv ice , e x ce p t th e P e n n sy lv a n ia an d
entral lines.
In teru rban lines h ave 150 passen ger, 128 express an d
750 freigh t cars: c it y lines h a ve 383 m o to r cars and 201 oth ers: 4 central
p o w e r s ta tio n s a n d 40 su b -sta tio n s. C o n stru ctio n o f a 5 0-m ilo lin e b e tw o o n
< jna m p aign a n d B lo o m in g to n , it is sta te d , is co n te m p la te d .
rT0 j r FJL9EJ i s -— B ras.. W . B . M c K in le y . C h a m p a ign ; V .-P . a n d G e n . M g r ..
H . E . O h u b b n c k , P eoria: V .-P . and T r e a s ., G e o . M . M a ttis . C h a m p a ign ;
SeCi”, ? V B . M a c a u la y , M o n t r e a l.— V . 9 8 , p . 839, 1392. 1456, 1528: V . 100,
P . 116 4, 216 6; V . 101, p . 4 4 3 ; V . 102, p . 1060. 1807; V. 1 0 3 ,p . 1 4 5 .4 0 6 .

1911; 110 cars; l locomo“ K
O R G A N iz A T I O N at er *

.

M 1 1374-^97 p ° 5 2 0 % ° 4 ,D DeC'

U ih t

'

®‘ ’ P " ^

534"

seiUes W a ter* Light C «CV ^ nc° rp’ lu ,I '1Inois in 1913 to succeed the MarSTOOK AND BOND 4(succe*s<?r ‘n 1910 to the Consol. Wat. & Lt. Co.)
om
eaapm uoN D SD aa llee .In terest. O utstanding.
M a tu r ity .
S to
c k ..........
u
$500,000 ...................
First & ref M S50CT.565111Z11 1 9 T3
fi'.f-'n '
75.000
Dec
1 1938
Marseilles W & L t bonds(ntf).
=<
7
11.000 April 1924
Consol W & L t bonds ( n t f ) . ; . ” ”
5$
30.000
Dec 1925

PROPERTIES CONTROLLED BY THE ILLINOIS TRACTION CO.
(1) A t c h i s o n R a ilw a y . L i g h t & P o w e r C o .
O R G A N I Z A T I O N .— Successor In 1895 o f th e A tc h is o n R v . E le c . L & p
C o . C o n tr o ls electric ra ilw a y , ligh ting an d gas p ro p e rtie s o f A tc h is o n .
STO C K A N D BON DS—
D a te.
In terest. O utstanding.
M aturitu
$ 5 0 0 ,0 0 0
S to c k . $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 )...................................................
F irst m tg e $ 1 .5 0 0 ,0 0 0 -------- t f 1910
5%
75 0 ,0 0 0 N o v
Toga
R O A D .— O perates 9.8 4 m iles o f tra ck . 23 ca rs . S u p plies c it v w ith
P r e f. 6 % c u m , g u a r ( $ 10 0 ) ______" e ' Q - j
* 3 500 000
" s p o V e V f”
104 arc ligh ts and 135 Incan descen t lam ps; also 14 arcs fo r commerT- ,
5 g M -S
3 .0 0 4 0 0 0 M ^ 1 1 9 3 8
lig h tin g ; 2 ,2 8 9 e lectric a n d 2 ,5 3 9 gas m eters in u so.— V . 91 p 1 0 2 4 ° U W 41 C o n s & r e f co l! trSLLOOO.OOO/ 1913
1628; V . 9 4 , p . 932 .
’ p’
1094>
g c * & r * . red a t 104 an d i n t ,{ I n t . a t B o s to n S afe D e p o s it & T r u s t O n
g u ar prin a n d in t e r e s t .. . t f
T r u s te e .
H . D . H e a th fie ld also T r u s te e
(2 ) B l o o m i n g t o n D e c a t u r & C h a m p a i g n R R .
O R O A N t Z A T t O N .— I n co rp o ra te d in Illin ois o n N o v . 29 1910 as a co n
s olid a tion o f th e C h ic a g o B lo o m in g to n & D e ca tu r R y . a n d S t. L o u is D ^ catS r
& C h a m p a ig n Ity. O perates on p riv a te rig h t o f w a y e x c e p t th ro u gh citie s
a n d tow n s (8 m iles) w hore franchises exten d to o r b e y o n d 1953
8
08
n a m 0t Si 7 n S S uJ!m £,y aI1 th e sto ck s an d b o n d s o f c o n s titu e n t co m p a n ie s
In M a r c h 1910 issued $50 0 ,0 0 0 5 % S e r . i A p r o f, s t o c k t o re tlro a lik e
n a m e ly $ 1 ,2 3 3 ,0 0 0 D o c . R y .& L t . C o . C o n s o l . & I t e f.5 s ; $S44 000 U rb an a
a m o u n t o f G en eral M o r tg a g e b o n d s .
UKe
r n COnm pi , ° ° 5 S? 1- * R e f- d0bs-: *1.131,000 D anville s t . R v & L t
STOCK AN D B O N D S D a te.
In terest.
O utstanding.
M a tu rity .
T
h ero
^ a n d , S1?-,0 0 0 ? rb,’ L t - H t . & P o w . C o M & 'R e f.A s ."
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ...........................
$3,000,000 ...........
a m o u n t n r 5c2n, 5 j 7 ’°*00 u nd0r'y in g b o n d s fo r p a y m e n t o f w h ich a lik e
P referred 5 % ($ 1 .1 3 7 ,5 0 0 )....................
1 " ...........
1,137,500 ...............: :
m“ v b e
b o n d s is re se rv e d .
R e m a in in n g $ 9 ,4 3 9 ,0 0 0
_1,500,000
l s t & rnoAUt* 0, ,1 £ * ^ a98P- 8 j 19 10
5 g ” v i :N
t.o u u .u u u rNuv
s o v 1 1940
1940 urTicr c n r ^ i le d
a d d *tlons a n d im p ro v e m e n ts t o c o n s titu e n t c o m p a n ie s
($ 1 ,0 0 0 c o u p & $ 1 ,0 0 0 o r In terest a t Illin o is T r u s t & S av in gs B a n k
m u ltip r e g .) gu p & i.c * & r * t fi
C h ic ., T r u s te e , o r C h a se N a t . B a n k N Y - a l?o s u b c n a . ^ a Ic9 0 a s -,. T b e y are * u a r - P- & L b y I d - T r a c . C o as are
and b o n d s hvb c n n ! f £ ° p0s ted und0r t,lis m tg o . A ll fu tu re Issues o f s to c k s
G en eral m o r tg a g e ......................./ 1910
5 M -N
8 9 0 ,0 0 0 N o v 1 1940
V 9 6 ° n 1 4 9 9 C° nn n V c o s : m u st be pled ged un d er a b o v e c o ll, tru st issu e.
t (Central Trust Co. o f Illinois, Trustee.

S

S

&

S

“

™ -r

di a r * a „ 5ii°„wv ^

«

1

Series*"lT

th° PrCf’ stock’ 5012,500 is Series “ A ” and $225,000 is

liond s.-—O f th e $ 1 3 ,5 0 0 ,0 0 0 “ 1st Sc r e f .” b o n d s reserved fo r various nnr
E?.s w ? i 6 ' 7 5 m00rr t r e re? e^ )d fo r a cq u isitio n s o f tw o c o n n e c tin g tn te ru rb a n
road s (D a n v ille U r b a n a * C h a m p a ign a n d Illin ois C e n tra l T r a c ) $1 262 too
to redeem the general m tge . b o n d s. $47 2 ,0 0 0 to r e p la ce g e n e r a l'm tg e b o 2 d ?
issued In th e fu tu r e an d $ 5 ,0 1 6 ,0 0 0 fo r 8 0 % o f c a s h c o s t o f arfHifin™

s

i

p

a

s

s

net

. V o l o o i , o ? ° Z i a DS

T l U<fo“o0 m - 0 f S1- ° ° 0 : reSL’ - b “ d ’ S 1 -0 0 0 -

S S S T M 8 ® or ,0“ 1braded 'lebt-

“ “ Mtuent cos. for cal. year 1915, gross. $1,896,399;

mar

lls s f v

,S

g T ’p

l l ^

V . ?03

p 4 oT ° C‘ " &C" S 6 9 5 ' ° " - - V - 9 6 . P- 1 « 2 .

(a) Danville Street Railway & Light.
O R g T n n v W T n w Vil1? C h a m p a ig n & D e ca tu r R y . & L ig h t C o .
t h ? ? t ? eet r a ^ t I l ^ M ? , CMrrJ,0,rat0d ,n P 60' 1899 as a co n s o lid a tio n o f all
S T O r i f A v n f i n ^ s llghA' ,g as anrd s t 0am -h e a tin g interests.

-------tim es th e in tor-

est ch a rge o n all bon d s o u ts ta n d in g >n,i

55 A

R e fu n d in g m o r t g ^ e . $700.-1 1900
5 g J -j'
658 0 0 0 J a n 'i Ti*7 * 9 S
25
g o ld ( $ 1 .0 0 0 ) ................ c * t f /l n t e r e s t a t N . W . H arris & C o “ 1
C o n so i and r e f d e b s . $ 7 .5 0 0 .; ^1913 , J M -S
1 131 ,TOO M a r 1 1938
,(6o - — -------------------------- t f/C e n t r a l T r u s t C o . o f 111.. T ru s te e
or,5°J,d * 'T " 5 e f ' b o n d s are d u e $ 6 ,0 0 0 an n u a lly J a n . 1 1910 t o 1924 In clu sive

s

(3) B loom ington & Normal Railway & Light Co.
—(Incorporated in Illinois on Feb. 23 1906 as a eon
solidation of the Bloomington & Normal Ry. Electric A H W inJ n J cQ
°„n,I

„ STOCK AND BONDS—
D a te.
Com stock, $ 1,200.000 ($100). .
Pref. stock, $450,000, 6% c u m ____

In terest.
- -- - --

Q-P_

O utstanding.
M aturitu.
$ 1 ,2 0 0 ,0 0 0 _________ _

450,000

jll^im ito Trust"1& S a v .

Trus-1^8

S lock.— T h e p ref. s to c k is rod. a t 105 an d accru e d d iv . a n d ls m r

n

f f i ? X
& c n0lS TraCti° n C ° " T a x 0 xe m p t lp O oS n .1? S - F la m J :
B on ds,— O f th e S 3,500 ,000 1st ftnd g e n . m tg e b o n d s c^ o n non ai*0 __
s erved for prior liens an d $ 1 ,8 0 2 ,0 0 0 fo r e x te n s io n s S n d V m n tq
fu i restriction s. A re gu ar. prin . an d Int. an d s f b y Ill T r a c C o Cin ?"
n N . Y . or C h ic a g o . C a lla b le as a w h ole o r In part fo r s f a t i n ? 'u
Int. on a n y int d a te . Sink. fd . 1 % o f b o n d s o u t V n n u a H y 1012 t n ^ 0 1 #
2 % 1920 t o 1928. O f th e b o n d s o u ts ta n d in g , $ 4 2 ,0 0 0 a r e ’ In sink0
’
V . 9 3 , p 665 . T h e R y ., E le c. & H eatin g C o . b o n X a r e
to V a B ^
110 and Jnt. S in k , f d ., $ 1 0 ,0 0 0 a n n u a lly , b egan J u n o 1908; $97 000 are
in sin k , fu n d a n d in clu d ed in a m o u n t o u ts ta n d in g .
®J7.uuu are
R O A D .— O perates 19 m iles o f track in , arou n d a n d b etw een ninnm
in g to n an d N o rm a l.
R ails 70 an d 72-Ib. H as 31 p a s s ? a n d 5 m iSc cam
P o w e r s ta tio n has 3 .3 0 0 k . w . c a p a c it y .— V . 9 3 , p . 665; V . 102. p . 1 0 5 8 .

(4)

Cairo Railway & Light Co.— A trolley road.

ElectricflCo?an'(l f f i o S S l f f i S f

8t o X ° * iKnmfnnn?«itnm3—

» « » » “ ••'»« « U » E„ ypi

\ u a te ' I n te re s l-

O utstanding.

M a tu rity .

In ca n d escen t ligh ts; also su pplies 40 co m m e rcia l a r c s .__ V . 8 8 , p . 2 9 3 , 3 7 4 . ^

w o ?k l:VJ,ner^fXtS „P H0 P E R T T ,T T b e c o m p a n y ow n s th e fo llo w in g ; 1. G a s
Sm W c
speci al ch a rte r a n d a p erp etu al fra n ch ise . 2 . A n
nt 1 0 P0rat0d u n d er a 9 9 -y e a r fra n ch ise; a ls o has d y n a m o s
fo r furnish ing p ow er t o stre e t ra ilw a y. 3 . T h e en tire stre e t ra ilw a v sv s runnim rlt r ft h rin i . i 7 PiiIo5 ,o f tra c!c; near|V all laid in b rick p a v e m e n t.
NaMnn£it <Lt& t? a P?rrk3> th e fa ir g ro u n d s , ce m e te r y an d r a ilw a y d e p o ts an d
w ith m
E q u ip p e d w ith 5 0 . 60 an d 7 0 -lb . J o h n so n T rails
! c “b 26 m o to r cars (G en eral E le ctric) an d 12 o th e rs.
F u rn ished e lectric
C h ris m an.6 W e s tv ille * G e o rg e to w n . R ld g e fa r m , I n d ia n o la , S idell a n d
O o?— VI.°7a!*S.i m i { ? l l o o ? 030 f0 r D a n v llIe U rb a n a & C h a m p a ig n R a ilw a y
(b )
D e c a t u r R a ilw a y & L i g h t C o .
i ' p m v VllIi C h a m p a ign & D e ca tu r R y . & L ig h t C o .
O R G A N I Z A T I O N .— In co rp o ra te d in Illin o is In D e c. 1903 t o takn o v e r
th e p r o p e rty o f th e D e ca tu r T r a c tio n & E le c tr ic C o
th e T W a flir r - ? 7 Z
E le ctric C o . an d th e D e ca tu r S team H eatin g C o . , o w n in g all th e s treet railr n T s u K s e,eCtr‘ C' ligh tIag bu s,aess a n d s te a m -h e a tin g p lan t?in* D e ca tu r

Decatur Gas & Electric Co
6 M -N
195 .TOO See text
first mortgage................ tf
laoo6 Ml5 r?
hT1L> * T r-90,000
S °-3CJan
h,c- 1Trustee
Decatur Gas & Elec Co 2d M 1899
J-J
1930
$400,000 ($300,000 reserved f o r e s t at Merchants’ Loan & Trust C o..
for above ($ 1,000). gold tf
Chicago. Trustee.
Dec Trac & Elec 1st M $300.- 1900
5 J-J
212.000 Jan 1 1921
000(.$500 & $ 1.000 each)c*tf
Bk.. Chic., Trustee
Dec Ity & Lt Co 1st <&cons M rnt. at Illinois Tr. Sc„ Sav.
743.000 Dec 1 1933
$1.300,000,g ($ l,000 ).c*tf
t .0 1 d C o l .T r .C o ..B o s .,T r ..& a g e n c y in N Y
Dec Ry & Lt con & ref mtge I n1913
5%
, 1.233.000 Mar 1 1938
$7,500,000
LUI
T”
r (red at 105). tf
>■I (.Central Trust Co of 111., Trustee.
_ _ •
$512,000 Decatur Railway & Light Co. first and consols are re­
a? °6ual amount of prior liens as above. A sinking fund
of 10% ° f the net earnings, or not less than 1% of outstanding bonds is
to be Invested In the bonds. Amount outstanding Includes $150 000 bonds
held In sinking fund. These bonds are subject to call at 107J4 and Int
on any interest date upon 60 days’ notice. Of the Decatur Gas & FJectrlc
Co. 1st M. bonds, $15,000 had to be redeemed on May 15 1910 at 105 and
a like amount each year thereafter In numerical order. These bonds
reSt’ J heat8000nd
mtge.
bonis
uecatur tias « Electric Co.and
arelnt£
redeemable
anv time
at 10
6 anrto tinfth e
but there Is no sinking fund on these bonds. Of the Dec Ry & L t consoi *
* r0L b0nds; * L 233.000 are deposited under the Danv. Cham p?* Dec R y ’
bonds and $4!9*7!oOO tor^new construction f 6

*» ^

(5) Cairo & St. Louis Ry.
n .,» r ;A r «

fO N .— In co rp o ra te d In Illin ois O c t . 1908 to c o n s tr u c t a
f r a n c h i s e d O a l^ , Mound

fifty and M n S i£ .BMt St" L0Ul9" HaS a
StoJk?$300t000D BONDSD a le‘
First mtge, $250,000*,g 'c& rtfl 1908

I n terest-

M a tu rity .

5g"M -N

250.'000 N 5 v T i9 3 8

^Cn)ntl^fi2Hhv&n Ch^fl,p ?,P n R ai,way- Qas & E lectric Co.
O R O A m A T fO M 7111*6 Champaign & Decatur Ry * Light Co.
F I«-trio8 fa ^ T J h lN
.A cS,'!s o I ,a " ! n ‘ a 1897 of Urbana & Champaign

A r « «3s,>g?sK 2»r~s
en g in e.— V . 8 8 ? p . 2 o f . ° f traCk c o m P,e te d a n d ln o p e r a tio n ; 10 cars; 1

( 6) Chicago Ottawa & Peoria Railway Co.
o u trig h t In 1909 th e Illin ois V a lle y R y
S

K

n

^

V

e ^

®




16 r ,g h t ° f w a y ‘

F r a n M s e * ,n va rlou a tow n s

8tock°$700 0004 B O N D 3 _
D a te '
I n terest0 u&7tftn'c\hn ’ MatHritV
G Ry G & E M $250,666? 1897 5 g'j'-D
*122 000 J u n e ! '1917
1 fooo t
a
y -1une{ 1nt. at Illinois Tr. & Sav. Bank. Chlc.-Vrus!
1 I JUOoc aft($l ,000) .c*. n tf I op at Chase Nat. Bank New York CMfv
" a f t o S W * - 55(>?^0b r 1? 99f U 5 ?
3M.000WjJlvrkl ^929
U (i c T y § ° * E'^nVol a ld J 1- ” 6
T r’ C ou Portland, &e..Trus
913 ^ Trust
5 M-S
8447000“ Ma‘r*T'i938
ref debs $4.000.000_____tf i I Central
C o.. Chicago, Trustee.

STO CK AN D BON DS—
S t o c k , $ 5 0 0 ,0 0 0 ($100)

B onds.— O f t h e c o n s o l, m t g e . b o n d s , s u ffic ie n t are r e s e rv e d t o retire first
m o r tg a g e b o n d s . T h e b on d s are s u b je c t t o ca ll o n any,\nnnn — n deD osited

I- %V i " feV iTSU !If

D a te.
1906

Interest.
5 g J-J

M a tu r ity
Outstanding.
$ 1 0 0 ,0 0 0 ---------5 7 3 ,0 0 0
Jan 1 1931

lfe .ro aZ d«

t o 'r 'e tir o 'o ? h e r b o n d s an d 5 2 .6 7 2 .0 0 0 fo r a d d itio n s a n d im p ro v e m e n ts .
R O A D .— O p era tes 12.60 m iles o f tr a c k in a n d b e tw e e n C h a m p a ig n a n a
O rb a n a . H as 3 2 m o t o r cars a n d 5 o th e r s .

E n tire s to c k is o w n e d b y Illin ois T r a c t io n C o .
STOCK AN D BO N DS—
D a te.
In terest.

O utstanding.

5 M -N

FII(

T r ' c o . o f 111.. T r u s te e . I n t . in C h ic .

$

1

I

C

° ‘ m o r tg a g e ^ “

e

n

T

d

r

a

l

1542; V . 9 7 . p . 1733. V . 9 9 . 174 8.

M a tu r ity .

Fh-s^nrtgtPl$56?6o6T$50~0)-C t f 1903

cm’ oOO

O R G A N I Z A T ” o N % c L— 8 ilp p u S a g M a n d ^ fe c tr ic it y t o J e ffe rso n C i t y .
M o . , an d furnish es cu rren t fo r o p e ra tio n o f th e s tr e e t r a ilw a y .
In N o .
1915 m a d e a 9-year c o n tr a c t w ith c it y fo r streot lig h tin g .
H as $ 2 0 0 ,0 0 0

le e fe x t’

C e n tra l Trust" C o . o f Illin o is. T r u s te e .

° 2l sm 3 “ i v 2 * V ™ “ i o « ” » ■ » « M t a o u r i r . s . 0 S S i »
Issuo $20 0 ,0 0 0 p r e f. s to c k an d $ 2 0 0 ,0 0 0 b o n d s for th e P u rch a se o f th e s t o c k
o f th e J e ffe rso n C it y B rid g e & T r a n sit C o . See V . 9 7 . p . l b b b .
fiW c o n asolidT tl?n°inni9 0 6 o f ’the<E d w ^ rd s v ?l?e L ig h t & P o w e r C o . a n d <h e

am t?^$lO .O O oV 'of°consol.C& °re f. b o n d s are d e p o s ite d u n d er D a n v . C h a m . &
D e c . R y . & L t . m o r tg a g e .
_
O F F I C E R S .— P r e s ., W . B . M c K in le y ; S e c .. E . A . M a c N u t t , I r e a s .
G e o . M . M a t t is ; G e n . M a n ., M . H . C h u b b u c k .— V . 8 9 . p . 16<.

srs

fra n ch ises aro p e rp e tu a l; n o n o expires earlier than 1956, o xc ° p t th o
u n d er w h ich th o c o . op e ra te s in G ^ M t e C i t y , w M c h e x p i r e in
D e c . 1912 increa sed its s t o c k fro m $10 0 ,0 0 0 t o $ 3 3 5 ,0 0 0 . Htocic
o r co n tr o lle d b y Illin o is T r a c t io n C o .
STOCK AN D BO N DS—
D a te.
In terest. O utstanding.

S t o c k ,a$ 1^ 5 *00* . ^ r e m p o r a r y , b o n S Jrto th e a m o u n t o f 5 5 0 .0 0 0 ( 5 % ) are
ou ts ta n d in g , d u e 1927.
( 10 )
D a n v i ll e & S o u t h e a s t e r n R y . C o .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin ois o n J a n . 14 l j u y .
<tTO O K A N D B O N D S —
S i u o i i a in u
u

(11)
D a n v i ll e U r b a n a & C h a m p a i g n R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin ois u nd er th e r a ilro a d law on
J u ly 28 1902. O w n s th e D a n v ille P a x to n & N o rth e r n R y . M o s t ly p riv a te
D a te.

In terest.

O utstanding.

M a tu rity.

g ld ..................
1 C e n tra l T r . C o . o f Illin o is, C h ic ., r r u s te e .
T in n d __ R e m a in in g b o n d s aro fo r o xts. an d a d d 'n s . S in k , fu n d o i l A o
r>f b o n d s n ro v io u s ly c e r tifie d be g in s O c t . 1 1916; b o n d s re tired to b o ca n ce led .
Guar^ p & i e S
by^ Illinois T r a c t io n C o . C a n b e ca lle d o n fo u r w e e k s ’
n o t lc o o n a n y in t. d a y a t 105.
in ig
1 9 ll
E a rn ings or Cal. V w .—
1915.
191 4.
1013.
5 0 3 ,5 5 0

D ate
Interest.
O utstanding.
M a tu ity r
o w n e d b y Illin ois T r a c tio n C o .

C e n ta l T ru st C ^ C h i c a g o f tm lto e .
B^rids°— S u b je c t 't o call a t 105 a n d in t. on a n y in t . d a te .
G u a r a n te e d ,
p . & 1., b y Illin ois T r a c t io n C o .
_ ^ _
R O A D .— O perates 2 .8 2 m iles o f ro a d fro m D a n v ille C it y lim its t o G ra p e
C r e e k c o a l d is tric t. 7 0 -lb . rails.
O F F I C E R S .— S am e as th o s e fo r Illin o is C e n tr a l T r a c t io n C o .

rIgST O C J< yA N D B O N D S —

easem en t
1925. i n
all o w n ed

plan” in H . r t n r t l S f f o U m i l t e
a eas^ p la n t a n d g a s -d is trib u tin g sy s te m in th o la tte r c it y ; h ig h -te n s io n
tra n sm ission l i n e s ,S u b s t a t i o n s . & c. T h e c o m p a n y p u rch a se s, u n d e r a
c o n t r a c t e x te n d in g u n til 1947. e le ctr ic ity ge n e ra te d In th o p o w e r s ta tio n
a t V o n ic o , c o n tr o lle d b y th e Illin o is T r a c t io n C o .
(18) N o r t h e r n I ll i n o i s L i g h t & T r a c t i o n C o . — A tro lle y r o a d .
O R G A N I Z \ T I O N .— In c o r p o r a te d In Illinois an d w as su ccessor in J u ly

M a tu rity .

% 1t e « 3 ,' s s 5 i s r s 5 . » w > .
P*ST O C K A N D B O N D S —

D a te.

In terest.

■>.«.
M a tu r iy .

r ,

upon” 9 0 '^ y s '^ io t ic e ^ a t 'lO S & ° in t ? T h e 'b o n d ^ a r e guar*!,Cp !* i? ° i.^ b y e n d ? % y

¥ il¥ * k -

O utstanding.

G °*AUab u t $ !k ^ . 0060 o f t¥e^e"borids are gu ar?, p . & 1 .. b y e n d o r s e m e n t, b y
W B on d».— :l l o sin k in g-fu n d an d b o n d s c a n n o t be ca lle d .
R e m a in in g b o n d s
are fo r 8 0 % o f c o s t o f a d d itio n s , exten sion s an d new p ro p e r tie s , u n d e r c o n -

n oticm 0 0 A ^ g u a r ? r p r.0& rh ^ 'b y I i l f T n ic . C m ^ T ^ e e s
D e p . C o . a n d T h o s . F y sllo .
r o a d — O nerates 76.1 6 m iles o f tra ck o v e r p r iv a te rig h t o r w a y , c o n ­
nectin'* th e cities o f D a n v ille , U rbana an d C h a m p a ig n , w ith bra n ch e s fro m
D a n v ille t o G e o rg e to w n a n d R id g e F a rm ; D a n v ille t o C a tlln an d O gden
t o H om er. 7 0 -lb . rails.
H as 2 2 m o to r ca rs , 11 e le ctric lo c o m o t iv e s an d
146 m iscella n eou s ca rs .
.
_
_
O F F I C E R S .— P re s ., W . B . M c K in le y : 8 e c ., E . A . M a c N u t t ; T r e a s ..
G e o . M . M a t t is .— V . 8 1 . p . 264: V . 8 3 , p . 435; V . 8 4 , p . 338, V . 8 8 . p . bbJ .

S e E a m I w s e- P o r 10y l a r e n d in g M a y 31 1916, g ro ss, $ 3 1 5 ,4 6 9 ; n e t, a fter
t a R O A ^ A N ^ D ^ P L A N T .— O perates 6 -5 m iles o f lin e, c o v e r h ig ^ h ^ p r in c ip a l
streets o f O tta w a an d ru a3 o u t o f th e c it y ‘ o E ^ ^ ^ h a u t a u -

a u x ilia ry , h a v in g a c a p a c ity o f 8 ,0 0 0 h . p .— V. 9 7 , p . 72J.
(1 2 )
D e s M o in e s & C e n t r a l I o w a E l e c t r ic C o . — A h o ld in g c o m p a n y . U 9 ) P e o r ia R a ilw a y C o . — A tr o lle y road
.
O R C t\ N I Z A T I O N .— C o n tro ls th e I o w a su b sid ia ry p ro p e rtie s o f the
O R G A N I Z A T I O N .— In co rp o ra te d u n d er gen eral railro a d law s o f Illin ois
Illin ois T r a c tio n C o . , w h ich Inclu de th e e le ctr ic -lig h t a n d p o w e r c o m p a n ie s ,
nervine D es M o in e s O sk a lo o sa . C o lfa x , N e w V a lley J u n ctio n , N o w S h a ro n ,
P ra iriif C it y and M o n te z u m a and th e stre e t r a ilw a y ;V r a iS t n r ffe T ? e h t° C o '
th e Illinois T ^ c t l o ^ c o .
F ranchises in P eoria expire in 1926 an d th o s e in
g * the»J g i M
o
t
a
e
B
B
.
*%
4 d p i t t l e f l S i i m ' O n ’ O c t . 26 1911 th e Illin ois S ta te S u p rem o C o u r t ,

rev e rs i ng-1 h oC A rc u?t C o u r t , h eld th a t th e C it y < £ % * * & * £ * & « £ % *
fra n ch ise to th o P eoria R y . T e r m . C o . o v e r streets t o w h ich th e l ooria l t y .
a l^ ^ e c ° 1 9 i a2 firncnreM ed its 's t o c k From S l ’.OOO.OOO t o $ 1 ,0 1 0 , 0 0 0 .
O n J u ly 2 1915 th o P . U . C o m m , g ra n te d a u th o r ity t o issu e $ 6 5 ,0 0 0
1st & ref. 5 % b o n d s. U p t o S e p t. 1916 those h a d n o t been Issuod.
STOCK AN D BON DS—
D a te.
In terest.
O utstanding.
M a tu r ity .

, svm

’f f l g

See to x t.

g o ld ( $ 1 , 0 0 0 ) - - - ...........c * t f ( I n t e r e s t p a y a b le in N e w Y o r k .

°

t
»
s 1nk^f u n (P. c * i In t ? a t U ? £ M t g e . & T m s t C o N . V ..T r u s .
Ti/ynri<t__ A d d ition a l sinking fu n d g o ld b o n d s c a n o n ly b e Issued fo r oU /o

5

k

;S

S

S

3

I

ateS10^ O,nsfnking> un°d.\ S% ^of b o n d s N o f l 1914-21; 1 4 % 1 9 2 6 ^ 1 : 2 %
1 93 1-3 7. O sk aloosa T r a c . & L ig h t b o n d s h a v e sin k in g fu n d o f $ 5 ,0 0 0 to
$ 4 1 8 ,4 5 0 ; b o n d

s r s & 3 iV &. ^ ^ W
in terest, $ 1 7 7 ,1 3 6 ; s u rp lu s, $ 2 4 1 ,3 1 5 . V .

? .* ® * * *
101, p . 287 .

(13) G a le s b u r g R a il w a y , L i g h t i n g & P o w e r C o .
o r o a n i k a t i O N — I n c o r p . in 111. S e p t. 10 1913 an d to o k o v e r th e G a le sb u ? g R y . & L t C o : th e G a L b u r g G as & E le c . L t . C o . , th o K n o x v ille
E le c . L t . & P o w . Co." a n d th e A b in g d o n L t . & P o w . C o .
M a tu r ity
STOCK AN D BON DS—
D a te.
In terest.
O utstanding.
------- 1934
S t o c k . $ 3 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) - - . - - - - - v - y - n—
° S

A

?

S f i i

l l £ £ S » - B » k or O j - d * . N . Y .

G a le s b R y & L t 1st c o n s .................................................
itA-XXX G ^ O T ^ s ^ - ^ S f k i e n t t consoi.* r e f.” m ^ e ." 6 o n d s " a r e r e s e r v e ! f o r ^ p r ^ ^ l e n s

g a s s ffu s s r i r a & . p s s 6y
(14)
I ll i n o i s C e n t r a l T r a c t i o n C o . — -A troU ey r o a d .
rai
O R G A N I Z A T I O N .— In co rp o ra te d in Illin ois In 1903 u n a er general
railroad law s. M o s t ly p riva te rig h t o f w a y .
STOCK AN D BON DS—
D a te. In terest.
O ufstondm tf.
M a tu rity .
S to c k 8 1 ,10 0 , 0 0 0 - - - - - - - - - - - - - - jj-g j * j j “
1 ’, 4 69,000 D e c 1 1933
18W H o l d f S : - - - - - c * t f ) I n t . at O l | c o l o n y T r . C o - . B o sto n ^ tru s^ e e .
T ^ n d s i — ^ r ^ s u b j w t 't o " call o n a n y l .n ^ e f ^ ^ a t e o n 6 6 d a y s ; n o t ic e at
A
of n e t ^ ln g s ^ a m e lg a t lv e p « . i
1908 b u t n o t t o b o less th an 1% o f b o n d s o u ts ta n d in g . $ 1 4 5 ,0 0 0 h old In s .fd .
R O A D — O nerates 4 5 .5 m iles o r tra ck fro m D e ca tu r t o S p rin g fie ld , w ith
a n* ex t e nsl o n f r o m 1B u f fa lo to M e ch a n ics bu rg; JO-1 b . r alls.
H as 13 m o to r
ca rs, 4 electric lo co m o tiv e s and 118 m iscella neous ca rs ,
rnj'T?TP]?R Q __ pppa
w
n A IcK in le y ; Sec»» EJ, A , ^ I a c N u t t , r r e a s ,
G e S . M a ttlk ; G e m M g c . M . E C h u b b u c k . V . 8 2 . p . 804; V . 8 4 . p . 33 9 .
S S l l A r f l Z A T i o N .— i n c o r p o r a t e d * !!^ M a in e in D e c . 1905 a n d is a c o n solid a tlon o f th o J a ck so n v ille R y . C o . a n d th e J a c k s o n v ille G a s L igh t c
C o k e C o . Franchise p e rp e tu a l.




1926
GeS ]
o ^ t h l 's s '. e b o 'o o o 1 ^firet°and r o f / b o n d s . $ 2 9 1,00 0 are ro sorv ed
fo r a d d itio n s an d Im Droveinonts a t 7 5 %
A ®'(u ®1i F u n o ^ T r a c t f o ^ O o !
T h o v aro gu a ra n teed , p . & 1., b y e n dorsem en t b y th e Illin ois -fra ctio n vjo
? h ls e s <of^ th o rp e ^ a r RaU w ay C o ? nowrtownedUor'horaa^tor^ acquired^ ^rl'h o

S

«

f e

f »

s

f »

»

f

B

I S

!

in 1923’ $125 000 in 1924.’ f l 3 0 .0 0 0 In 1925,’ an d th e rem aln fn g l ^ O O O
n 1926’ ” T h e y a re s u b je c t t o call o n a n y in t. d a te a t 105 an d in te re s t.
^ 8 1 . 6 1 4 : n e t. a fte r t a x e s .
$291 347.

p . 643 . 9 0 2 , 1079; V . 101. P- 21 3 .
(20) Q u i n c y R a il w a y C o .
O R G A N I Z A T I O N .— In co rp . In Illinois In 1912 as su ccessor t o th e Q u in cy

fra nchises m atu re fro m 1922 t o 1937
O utstanding.
M a tu r ity .
Interest.
STOCK AN D BON DS—
D ate.
$ 1 ,0 0 0 ,0 0 0 .................... S to c k , S t .0 00 ,000 ....................
---­
5 9 9 .0 0 0 F e b . 1 1932
— 5% ‘ "
B o n d s . $ i , 5 0 0 , 0 0 0 - - - - - - - - t f 19J2
4 0 0 .0 0 0 O c t 1 1918
5%
Q u in cy ilo r s e R y . & O . C o / 1898
? $ 5 5 0 .O O o T -- - - - - - - - - 1 P o r tla n d T r u s t C o . . T r u s te e .
R O A D .— O perates 2 2 .8 5 m iles o f tra ck ; 51 c a r s .
V . 9 4 , p . 1628.
(2 1 ) S t . L o u is E l e c t r ic B r id g e C o .
O R G A N I Z A T I O N — In c o r p o r a te d In J a n . 1907. O w n s a b r id g e fro m

T ills m tg e . replaced th e o ld (te m p o ra ry ) m tg o . o f 1J09.

v . 98, p. 74.

“ uT
»v«i
a b o u t 18 m iles o f street ra ilw a y In M a d is o n , G ra n ite C it y an d V on ico.

r w ^ £ K « w w ^ 2 ? * D 8—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y ..
C om m on, $1,000.000------------All owned b y Illinois Traction C o .
Preferred 5 % _________________
xi nnn ono
4-5 F-A
l',724',000 D e c 'I * 1929
82&0 ’ S3,500.000. g o ld ! 1909
($ 1 ,0 0 0 ), gu ar p & 1-------t f / I n t . a t M e r c h a n ts ’ B k . o f C a n a d a , M o n tr e a l.

B o n d s . — hirst M . (terap.) bonds
N o s in k in g f u n d . T h ey are

day.

are subject to call at par on any Interest
guar., p . & 1., b y Illinois Traction C o.

(23) St. Louis Springfield & Peoria RR.
O R G A N IZ A T IO N .— Incorporated In Illinois D ec. 1 1909 as a consolidaS °? n i.
& Springfield U y., the St. Louis & Staunton R y ., the
T ri-C ity T rac. C o. and the St. Louis & Northeastern Uy. Operates on
private right o f way except through cities and towns (about 17 m iles), where
B elt R y * 0Xtend t0 or boyond 1953. In 1911 acquired the Springfield
. 1? 1912 acquired the Peoria Lincoln & Springf. R y . C o ., the Peoria B loom
& Champaign T ra c. C o ., the Terminal P ow . C o. and the Springfield &
Northoastern T raction C o. (acquired N o v . 1 1913).
Has long-tim e contracts for use o f bridge and terminals o f St. Louis E lec­
tric Bridge C o. and St. Louis Electric Terminal R y ., enabling it to operate
directly into St. Louis
I n M arch 1916 issued $ 1 ,0 0 0 ,0 0 0 S er. “ A ” 5 % p r e f. s t o c k t o re tire a lik e

was made Mar. 15 1913.
Traction Co. below.

V . 96, p. 862.

See Charleston-Isle of Palms

Also owns the capital stock of the Charleston
S io n nnm
Charleston-Edlson Light & Power Co.
(5 Charh^ton d v l 92 p ^ s lo th6 ^
fleId ° f Ught and transportation
m«£n itock.h 1^.191st Sp.%99°fld6®io authorIzed the lssue of *500.000 new com­
STOCK A N D BONDS— ’ Dale.
Inte
ter
re
est
u ts ta n d in g .
M a tu rity .
Stock, com, $3,000,000 ($50).
in
st. O$2,785,950
See text,
Pref 6 % cum , $500,000 ($50). .r I- l- -l
Q-J
a
500,000
See text.
Charleston City first mtge t 1398 5 g J - J
Jan 1 1923
„ ($1,000), $850,000 goldctf In t. at M e rc. T r. & S. D724.000
. C o..B a lt.
Consol mtge, gold, $2,500,­ 1899
5 g M -S
1,756,000 M ar 1 1999
000.
coupon
($
1
.0
0
0
)..*tf
HoTd?rs“ can
™ Iater03t a & Baltim ore Trust C o .. T rustee
N ^ lo n a l Bank ' f h a ? l!S ? ^ ? ^ 0ns at Carollna Savings Bank and P eople’s
B on d s - S O f p r e s e n t e d
before the 10th o f the m onth,
amount o f city ^ R y first ^
53’ $724’000 are reserved to retire a like
D iv id e n d s .
See dividends guaranteed under lease above.

a m ou n t o f G en . M t g e . bon d s.

D a n ^ h £ 'r a n '^ l h l a ^ 3n«5 J miles o f electric road in Charleston.

STOCK A N D BON DS—
D a te .
In terset.
O u ts ta n d in g .
M a t u r it y .
$6,000,000 ............
C om m on $6,000,000 ($100)....... ...........................
Pref. $3,572,000 ($
) 5 % ................ - ..............
3,572,000 .....................
ls t & rof m tge $15,000,000 g f 1909 5 J-D
4,653,000 D oc 1 1939
($1,000 coup & $1,000 or] Illinois Trust & Sav B k, C hicago, trustee
multiples ro g .)____ c*& r* t f [Interest In N ew Y ork, Chicago or L ondon.
St Louis & Springfield 1st M l 1903 5 g J-D
451,000 D ec 1 1933
($1,000) s f g o l d guar c*_tf/In terest at C ity Trust C o .. B oston, trustee.

p

i t

e

K

i s

5 S r . O T s ,i a , i a

r

,,w

T h e com -

“ d " gl,t “ d

100

StLSp& PgenM $15.000,OOOtf------

5%

3,157.000

1939

Springfiold & Northeastern] 1906
5 g J-D
145,000 D oc 1 1936
Traction 1st m tge $ 1 ,5 0 0 .-]Int. at agency M erch. Bank o f C a n ., N . Y .
000 ($1,000) gold ............c* I Central Trust C o . o f Illinois, Trustee.
Peoria Bloom ington <& C h a m f 1906 5 g M -N
280,000 N o v 1 1930
Trac 1st M $3,000,000 gold] Int. at agency M erch. B k. o f Candaa, N . Y
($1,000)
..................c* t f l Central Trust C o .. C hicago. Trustee.
B o n d s . — O f the $10,347,000 1st & rof. bonds reserved for various purposes
$145,000 are reserved for Springfield & Northeastern Traction Co bonds’
O
# iu ,uug to rouro
pner lions,
uoua, $2,250,000 to
tu ruuiiuin
$715,000
retiro prior
rodeom a UK0
like amo
amount o f general

SO% of cash cost of additions' and‘ ex­
mortgage bonds and $7,237,000 for 80%
tensions. The $7,237,000 and the $2,250,000 for redemption of gen. mtge
bonds (total .19,48 / ,000), excepting 5500,000 (Issuable at any time for 80%
of cost o f add ns & impts.) can bo Issued only when, for the preceding 12
months. gross earnings have equaled five times and net earnings 1 ) 2 times
the interest chargo on all bonds outstanding and those proposed to belssund.
Redeemable at 105 on any Int. date. Bonds are unconditionally guar,
p. & !., by Illinois Trac. Co. V. 90, p. 304; V. 95. p. 177 Are listed on
Chic. Stock Exch. St. Louis & Springfield 1st M . bonds are subj. to call
A ro

» • '*

»»

ROAD;TTI?xtenu3 fr*ora vj?nlce- opposite St. Louis, to Peoria and Bloomngton. w to branches from Staunton to Hillsboro. Trackage 210 49 miles-

C H A R L E S T O N -IS L E O F PA LM S T R A C T I O N C O

SI

sc

S Islan^ ^ n^ sub-station at M ount Pleasant. & c. ^Owns and oneratS i S i 5 S R ; <? nd 3 frel« ht
and 2 ferry boats.
per
ton .— V ? 9 6 ! Sp 7 2 o T '8 6 J2araOS S° ttll6: ° hlef E ng” W ’ W ’ Puller; OharlesC H A R L E S T O N , W E S T V IR G IN IA .
S ^ ^ SA
T^
N T rE R U R B A N R R W M ? n m S Y n N ^ ~ i Inn1 )0T ; ln i 9,0^ ^ 1^ } 0 0 ’000 caPhal stock which
the^Ch?H?ston^ TrSSt^'n1^ 19^4 1I° 3 1 -500,000 in part for the purchase o f
L aL n o v e f i a
1lne f™ m 9*. Albans to South Charleston,
fvt,,- 1,o e ^ • that d a te- and in part as a stock d ividend, all earnings for
four years having gone into extensions and betterm ents
earnings ior
— Leases the Kanawha Valley Traction C o. (whoso S500 000 caDital
io°ioC ? owned by the Ohio Valley E lectric R y .) for 99 years from Jail 1
1910 at an annual rental beginning with $10,000 the first V ear and inl s t ^ ^ b o n d P ’0d0 lD 1913 and thereafter, and has assumed that co m p a n y’s
_
o f the Traction C o in the city o f Charleston expires in 1954;
nterurban lines aro operated alm ost entirely on private rights o f w ay.
D a te .

“ n T ‘ pgai,S ;

In ter es t.

CoR tr notes,’ S750.000 g o ld i 1915

(24) Topeka Edison Co.

:isSHESS:

O u ts ta n d in g .

6 M ¥ " $ 1 « 0 ,0 0 0

M a tu rity .

I S y T l9 1 8

T19° 6 ^ ^ f JC
- jT l ' ' L 0 6 0 B0 0 0 ' ^ “ ¥ 7 9 4 6
($1,000) g o l d c .................. t f ) Int. at Fidelity Trust C o ., P hila., T rustee.
o f prin. and int. o f the Kanawha Val. T rac. C o. bonds
has been assumed b y the Charleston Interurban R R . $1,000,000 o f the
li?n</ 3u i e. bec,n ^ P O ^ ted as security for the co ll, trust notes issued b y
the Charleston Interurban.
I . i 'i ’i esi;- S J0CUI'D t?y deposit o f $1,000,000 Kanawha V alley T raction C o .
lstrw rf1 ^ 1 d s ' 'r ? e d ‘ on any *?t- date at par and int. on 6 weeks’ notice,
life o f to e notes com pany has agreed to pay no dividends during the
B o n d s . — Paym ent

(25) T opeka Railway Co.
^ ^ oo^ T . 10^-T-Anc^ P • under general railway laws o f Kansas in
$1 250 nnn903n n Sb
m
Park oy ” and made a new mtge. for
hV ;00' ,.? n..June 4 1903 obtained a new 3l)-year.franchise, running from
wltb the provision that $400,000 be expended within 3 years on lnf A? ^ ^ G S ’“ TP o p ye a c 19i5 . gross. $245,168: net. after taxes, $111.447;
SOihM8 secuJ®d franchises in perpetuity on county roads now int. on bonds and notes. $55,710; rental, $15,000: surplus, $40,737.
ocoipled, with privilege o f hauling freight. City agrees never to reduce r’ a S £ A D r T ° P e^at.es 36.
o f track between St. Albans and Cabin
r ^ °? “ m w T T 7 will <?a!p lcss than 10% on stock. The city is to 7n m
be exAendcPd to, M on tgom ery, about 10 miles further on.
K m
n f \ ° / earnings remaining after 10% has been earned. Upon ex- 70^ h .„ T and girder
rail. Standard gauge.
.
plratlon o f franchise city has the right to acquire the property, but not T’ ^aP P I? E si^ ’T Pres”
M acC orkle; V .-P ., J . E . C hilton; Sec. and
before. V. 76, p. 866, 1302. On June 26 1916 authorized capital stock Treas.. F. M . Staunton.— V . 100.
p . 228. 1917.
was increased from $1,250,000 to $2,250,000
V. 103, p 62 P
* k
1 sq ^

b o f l f w t . ^ ' e ^ O a ^ ^ . 0^ ^ ! ^ ^ 001111531175

•
$ 1^ 6 ’000 ^ “ Porary

CHARLOTTE,

N.

C.

S O U T H E R N P U B L IC U T IL IT IE S C O .
st^X 0 *‘? o x n I(Sfw®iI^S S—
Date.
Interest. Outstanding. Maturity
Stock, $2,250,000 ($100)..................
.............
$ 1 2 5 0 .001 ) f n .
dustrial’ ’ section Southern Power C o - which see in our ‘ ‘ R ailway and InF1^ % & 0’ »1.250.000. 8Old ( 1904
5 g J-J
i:i30.000 Jan” l” 1930
($1.000).................— c* tf lint, at Oont.& Comm.Tr.& S.B..Chic..Trus.
®?Jl( ^ NI,Z A T K N •— Ineorp• in July 1913 In M aine as a consolidation
Charlotte Gas & Electric C o. and C harlotte
B o n d s .— Remaining bonds aro reserved for 80% o f cost o f now power- o f the Charlotte Electric R y
«?o«°r>™cLfor bettermojits andadditions. Subject to call at 105 and int. Power C o. (these three forming prior to Jan. 1 1911. the C harlotte E lectric
$120,000 have been retired. A s in k in g f u n d began Jan. 1 1910, which is R y -’ Light & Power C o ., which com pany issued the bonds shown in the
t a b ! e j - S e e ‘ ‘Electric R y. Sec. for M ay 1915); Greenville (S. C .) Gas &
sufficient to retire $15,000 per annum at 105 and interest.
Electric Light & Power C o .; Greenville T raction C o .; Fries M fg . & Power
®n§A.R.NINlGS’T^For yoar end- Juno 30 1915, gross, $437,828: not. $219
C o .. Winston-Salem, N . C .; W inston-Salem Power C o .; Anderson (S C )
693; interest and taxes, $88,144; dividends, $66,820; surplus $64 729
’
W ater, Light & Power C o ., Chester (S. O.) Power C o ., Thom asville (N . C .)
ROAD.— Owns 40.8 m. of track; 70.75 and 80-lb. rail. Operates 30 cars Power C o ., Greer (S. C .) Light & Power C o . and Thornton Light &
Power C o . (H ickory, N . O .). Owns entire $250,000 com m on stock o f
OFFICERS.— Pres., 4V. B. McKinley, Champaign, 111.; V.-P. & Treas
(26) W ich ita R a ilroa d & L ig h t.— T rolley.

ORGANIZATION.— Chartered May 1 1900 for 30 vears
qtmor ran
way franchise expires 1933, lighting in 1919. In 1910 entered into a mn
Uact, extending for 20 years, for purchase of power from Kansas Gas & Elec
STOCK AND BONDS—
Date.
Interest. Outstanding
Maturity
Stock. $1,500,000 ($100)......................................
$ 3 0 0 nnn'
MaturU« ‘
p iret mortgage, $300,000? 1900 5 g A-O
300!000 ' Oct 1919"
($1.000), gold...........c . . tf lint, at Portland Tr. C o., Portl’d Me Trus
R of.& con s.M .,$1,500,000,g.tf.1907 5 g A-O
1.671.000 Oct 1 1 9 3 2
B o n d s . — 1st M . bonds are subject to call at 105 on 6 months’ notice.
.,J?KtA H ’'T <l w.1is 32 m,les of Holley track in Wichita, Kan., including
Park
k ibr^
K° oy,cr tL"?
extensions
to Wonderland
Park rnnaw
and Fair
Grounds;
75 Arkansas
cars.— V. Rivor
93. p.and
941.
1192.
euuenanu

the Greenyille-Carolina Power C o. (there is also $200,000 6 % cum . pref.
stock outstanding) which owns and operates a 3.500 h. p. hydro-electric
plant near Greenville. The Charlotto E lec. R y . in M a y 1 9 1 through an
amendment in its charter, reduced its capital stock from $1.250.000 to $1,000.
F r a n c h is e s with one m inor exception aro either unlimited in tim e or run
beyond July 1943.
nnnn/vi ^ ? o o P S—
D a te .
In ter es t.
O u ts ta n d in g .
M a tu rity .
$5 000 00(1
Stock $5,000,000 ($100)______ _____
1st & ref M $30,000,000 gold) 1913
5 g‘ j - j '
3 250 000 J u 'ly 'i'l'q 4 3
($ 1.0 p0 .$5 .0 0 0 .& c.)c*& r*.tf/In t. at Farmers’ L . & T r. C o.? N Y . f Trustee
U n d e r ly in g B o n d s—

'

B o n d s o f C o n tro lle d . & c .. C o s .—

CH ARLESTON,

S.

C.

o S c ? M r 7 J m r n ^ 01^S 0L ,D A T E D R A »LWAY & LIGH TINQ CO.

................................ > ls

dn

“

-

.;i

V. 95. p. 297, 419, 1206; V. 96. p. 862.
(1)

f .A p S a ° v % ,.M
’

’ P* 2I4,

Charleston C onsolidated R y., Qas & Electric Co

s v „cs ' S

“ si

ferryboats, the railroad lino from M t. Pleasant to the Isle of Palms
hi1 » i tSA^rU!wnJhntTaa? ith,e power house on Sullivan Island. Sale was auto!
by an Act o f the Legislature approved Feb. 12 1913 and formal transfer




..............................

,

..........................

Gr(^in
n'nm . . .P. —
° Wer
lst “t f j/ ll nl ,t 1?
0 5 .Old^ C olon y T r.
m C278.000
M a ytrustee
1 1935
($1,000)
---------.
. at
o ., B oston,
B o n d s . — O f the 1st and ref. bonds, $1,716,000 are reserved for prior liens;
remainder issuable for 7 0% o f cost o f extensions and acquisition o f other
properties. Redeemable in whole or in part at 105 and interest. The
Charlotto Electric Ity.. Light & Power lst M . bonds have a s i n k i n g f u n d .
operative July 1 1900, o f 1% o f bonds out; to be Invested in bonds drawn
and
not obtainable at lower figure in open m arket:
$45,000 have been canceled. The ref. and ext. m tge. bonds have a s i n k i n g
/a n d operative April 1907 o f 1% o f bonds issued, for purchase o f bonds at
107H and Int.. if obtainable: otherwise, such investments as trustee deems
proper. V . 88, p. 1252. $19,000 have been retired. A s in k in g f u n d o f
1% on the Greenville-Carolina Power C o . bonds began M a y 1 1910.
E A R N IN G S .— For years ending D ec. 31:
C a len d a r
Y ea r—

S f c - I J S 's & J

’

Char Elec R y , L & P 1st M l 1899
5 g J-J
325 000 July 1 1Q29
$500 000 g ($1,000) s f c * n t f Int. at M erc. T r. & D ep C o . Balt , Trustee!
Char Elec R y, L & P re f & cxt\ 1906
5 A-O
466 000 April 1 1936
M $2 OOO.OOOg ($ l,0 0 0 )c * t f)ln t . at M erc. T r. & Dep Oo L ^ ^ T r u s t e e !
Fries M fg & P 1st M go ld ] 1900
5 g J-J
489,000 Jan 1 1940
($1,000) optional at 110
/I n t. at Equitable T r. C o ., N . Y . t tr u s t^ .
5nn
Anderson W ater Lt & P C o ____
Winston-Salem Power C o ........................................
At nnn .....................

G ro s s
E a r n in g s .

E xp en ses
& T a xes.

N et
In ter es t &
E a r n in g s . R e n ta ls .

B a la n c e .
S u r p lu s .

J 9 1 4 ........................ ^ .$1,472,992 $950,610
$522,382 $254,410 $267,972
191 3 - - - - - - T........... 1.527.499
992,872
534,627 254.410
280.217
L a te s t E a r n in g s .— F o r year end. M arch 31 1916 (electric railway systems
on y )
g,*?3 7,695; net. after taxes, $122,358.
P R O P E R T Y .— Operate? 70 miles o f street railway; 60, 70 and 90-Ib. T
and girder rails; gauge, 4 ft . 8 K In. Power and light primary lines aggre­
gating 1 644 miles and serving 16 com m unities; 2 gas plants, serving Char°H c and Greenville with 87.5 miles o f mains; water plant serving Anderson
with 2b miles o f mains. Leases Savannah Power C o . s plant near Anderson;
capacity 3.000 h .p . T otal capacity o f plants operated, 24,000 h .p .. o f
which 19.000 h .p . is hydro-electric generation. Also has favorable con ­
tract with Southern Power C o . for the purchase o f additional power.

O F F I C E R S — Pres.. Z . V . T aylor; V .-P ., A . V . H aw lll; S ec.. \V. O .
Parker; Treas., E . C . M arshall; Gen. M g r., E . F . T a ylor. V . 97, p . -4 1 ,
180; V . 101. p . 1886.
( _______
PIE D M O N T & N O R T H E R N R V .
O R G A N IZ A T IO N .— Incorp. on F eb. 24 1911 In South C arolina, and on
or about July 1 1914 took over the properties o f the Piedm ont T raction C o.
and the Greenville Spartanburg & Anderson R y . C o. The system as pro­
jected is to extend from Durham , N . O ., to Greenwood, S . O‘.. 320 m l les.
Power is obtained from Southern Power C o ., which Is controlled b y the
sam e interests.
STOCK A N D BON DS—
D a le .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om stk $15,000,000 (S 1 0 0 ).. - - - - - - - - - - - - $ 1 0 , 0 0 0 000
1
9i4
5
g
J-J
'S
e
e
text
July
1 1954
First m ortgage $50,000,000
($1,000), g o ld ............c* n t f In t. at Farmers’ Loan & T r. C o .. N . Y ., trus.
5 g J-J
See text
July 11919
1st M coll notes $8,500,000 1914
a ($1
()()() &
<5c $100)
S1UU) not
not Inter
inter Int. at Farmers’ Loan & T r. C o ., N . Y ., trus.
g
($1,000
B o n d s .— 'O f the $50,000,000 authorized, $10,000,000 are„Jfsl!„ dWhnle
pledged as security for the $8,500,000 notes. B ed. at; optioni o f c o . , in whole
or part, any int. date after July 1 1914 at 105 and int. O f the notes, it is
reported that a m ajority o f them have been taken
scribers to the road. T he remainder will be held in the treasury until

trainman who received an advance o f 3 cts. an hour for the first year and
4 cts. an hour for the second year’s servico.
The maximum wago was in­
creased from 32 cts. to 35 cts. an hour. T he changes were effective as
o f June 1 1915 (V . 101, p. 212). Tho Elevated C o . later oxocuted a new
wage agreement, granting^substantial Increases in p a y . which was approved
by referendum o f the em ployees, on practically the same basis as that o f
tho surfaco lines arbitration agreement.
R E P O R T .— O f ontiro system for years ending Jan. 31:
.
Y e a r e n d in g
G ro s s
O p e r a tin g
r ~ C R , ? fA 1^ C R v s
,ja n 31—
E a r n in q s .
E xp en ses.
R e c e i p t s . C . C . R y .A l /q
/o
1015-16
$31 690 761 $21,041,356 810,649,405 $4,366,256 $6,283,149
1914-15
I 3 l!9 6 6 048 19,889,275 12,076.773 4.951.477 7,125,296
O P E R A T IO N S .— Henry A. Blair, Pres, o f tho Chicago Railways C o . in
his report for the year ending Jan. 31 1915, stated that the Chicago Surface
Lines carry more than 1,100,000,000 passengors a year; serve a territory
o f approxim ately 190 square miles; own 1,000 mites o f track within the city
limits and have over 2,700 double-truck passenger cars in da ly uso
B o a rd o f O p e r a tio n . — Chairman Henry A . Blair, Leonard A . B usby,
Charles O. Adsit, Wallace Heckm an, Harrison B . R iley , John M . R oach .

Forlkyeara e n d : D ec. 31 1915. gross, 31 .010.547; not after
taxes, $398,287. In 1914, gross, $949,914; net, after taxes, $324,345.
R O A D .__Owns and operates 23 H miles from C harlotte to Gastonia*
(opened for traffic April 3 1912), 93.5 miles Spartanburg
S. O ., with branches from Belton to Anderson, 10.5 miles, and tiom
m ont Jet. to Belm ont, 3.19 miles (opened M arch 1 1916)- T he.section
from Greenwood to Bolton and Anderson was opened for
1912 and the lino from Belton to Greenville a m onth later.
I he extension
from Greenville to Spartanburg was opened up M arch 23 1914. E qu ip­
m ent consists o f 23 m otor-driven trolley cars, speed capacity 60 miles per
hour; 8 baggage and express cars; 8 trailer cars; 2 observation parlor cars
and 157 freight cars.
.
„
_
„ _
Tr T1 .
__Pres J B . Duke. N . Y .; V .-P ., W . S. Lee; V .-P . &
Gen. M g r., E . Thom ason; S ec., N . A . C ocko; A ud . & Treas., T . L . B lack,
all o f Charlotte.— V . 99, p . 199. 748.___________
C H IC A G O , IL L .
A U R O R A ELGIN & C H IC A G O R R .— Third-rail electric and trolley.
O R G A N IZ A T IO N .— Is a consolidation In April 1906 o f the Aurora Elgin
& Chicago R a ilw a y , the Elgin Aurora & Southern Traction C o. and the
C ook C ounty & Southern R R . V. 82 p. 279.d591. 1155. Chartered In
Illinois under law applying to steam railroads. Pres. L . J. W olf, In a letter
dated M av 90 1909 (V . 88. P- 161 8 ),stated that system is in the main oo
m ivato right o f way or protected by 50-year f r a n c h is e s or grants without

s t o c k h o l d v o t e d i l e f 18 1910 to purchaso t^0, c A l^,)Y ,heap oS 1* I7 ( ‘ i7
ern R y ., which runs from W est C hic, to Geneva, abt. 10 miles. V. 91, p .o l7 .
STOCK A N D BONDS—
D a te .
In terest.
O u ts t'd ’ g . D i v . & d u e d a te
<H
^ 100,000
See text
CoSJmoCnK $ 3 J ? '.0 0 0 (S 1 0 0 ).............
P ref $3.100,000(8100) 6 % cum
, Q-J 3,100,000 See text
Pirst and refunding m ortgagef 1906 5 g J-J
3,079,000 July 1 1946
«1 k qqq ooo gold ($1,000){I n t. at C it. Sav. & T r. C o ., C leve., and also
See* text
* _____ c* & r* tf l in N . Y . Trustee, N orth. T r. C o ., Chic.
Coll trust notes"$8~00,000 red.\ 1915 6 g Q-J
800,000 M ar i 1918
nf in 1 - 1 0 0 _____ j Citizens Savings & Trust C o ., C leve., T rus.
2,700,000 Apr 15 1941
A E & C R y first m ortgage! 1901 5 g A-O 15
* $3 000 000 ($1,000), gold {A m or. T r. & Sav. B ank, C hicago, Trustee.
cannot be called----------t f [Interest payable In C b*ca80 and New York
Elgin Aurora & Southern first f 1901
5 g J-D
1,568.000 June 1 1 9 1 J
m tge, $2,000,000 ($1,000)(I n t. at Amer. T r. & Sav. Bank, C hicago,
gold sinking fund____c * t f l Trustee, and First N at. B k ., N . Y . C ity.
S to ck . — Pref. stock was 5 % cum . until April 1 1909: since 6 % cumB o n d s — O f the $15,000,000 (originally $25,000,000, but reduced In 1910)
1st & ref’g bonds, $1,214.000 are in treas.. $4.223.000 reserved for prior liens
and the balance for im provem ents, extensions and self-supporting acquisi­
tions, under rigid restrictions. T hey are not subject to call now. See V.
88, p. 1618. Collateral trust notes are secured b y deposit o f $1,067,000 1st
and ref m tge 5 % bonds. Int. payable in N . Y . and Cleveland. V. 100,
p 811
On the Aurora Elgin & d h ic. R y . a sinking fund o f $50,000 per ann.
pecan on April 15 1911
See V. 74. p. 726. $300,000 have been retired.
Tlfe E l?dnA urora & South, bonds originally matured June 1 1916. but were
extended to June 1 1919 unless sooner red. b y co . at $1,005 per bond,
remaining $432,000 held in sinking fund.
D iv id e n d s .— First dividend on pref.— l k ( % — paid July 1906 (V . 82, p
1436), and the same am ount quarterly up to and including April 1909.
July 1909 dividend increased to 1 H % and same amount paid auar. to
Am* 1 1915
Oct 1915 d iv. om itted (V . 101. P* 1012) and none paid since.
O n w m m o n first div dond— M % — <
O ct. 7 1907. In 1908 to 1913, incl.
3 % yeT d y
In 1914, Jan .? y± % ; A pril. « % ; J uly, M % ; O ct. d iv. deferred
(V . 99, p. 894, 968), and nono paid since.
R E P O R T .— F or year ending June 30:
m in n r e
Y e a r e n d in g
J u n e 30—

G ro ss

N e t (a fte r

O th er

D ed u c-

D M -

l r E x e c u tiv e C o m m itte e . —-Leonard A . B >lsby. Chairman; 1^ iiry
O F F IC E R S .— Pres.. L . A . Busby; Sec. & Asst. Treas., I '. D . llottm an
T reas., M . B . Orde; Gen. A u d ., Jno. J . D u ck.
<

C H IC A G O C I T Y & C O N N E C T IN G R Y S .— A collateral trust.
Formed in 1910 under a trust agreement, to take over the stock o f the
Chicago C ity R y ., together with the securities o f the Calum et & South
Chicago Ry.', tho Southern Street Railway, the H ammond Whiting & Last
Chicago R y. and the Chicago & Western.
These properties comprisei ap ­
proximately 491.S3 miles o f street railway in southern division o f Chicago
and vicin ity. See outline o f plan in V . 90, p* 558, 625. Trustee, Gnicago
1 *On April'^lV 1913 the 111. Supreme C ourt affirmed the decision o f the
Superior5Court o f C ook C ounty in tho suit brought b y Clarence II. Venner,
w X h held valid the agreement dated Jan 1 1910. creating the C hicago
C ity and Connecting R ys. Collateral Trust (V . 96, p. 1364, 1627). An
appeal was taken to the U. S. Supreme C ourt, b ut to N o v . 1914 suit was
,iTAv,icooH
Sen “ n h ic. C itv R v . in V . 99, p . 1527.
M a tu r ity .
S TO C K A N D BON DS— D a te . In te re s t.
O u ts ta n d in g .
See t o x ..
s-a
150,000 shs.
C om part certs 150,000 s h a r e s .-----July '16, t $ l
Pref part certs 250.000 shares
s-a
250,000 shs.
Jan ,*■1 - v1927
Coll trust mtge $22,000,000) 1910 5 A-O
$21^790,000
vv
gold sinking fund c* & r* tf lin t . at l3t T r.& S .B .C h ic., Trus., or In N .Y .
P a r tic ip a tio n C e r tific a te s .— Preferred participatlon sharos have no par
value but are entitled to preferential cum . dlvs. aggregating $4.50, also,
after com . partic. shares shall have received $4 in any year the remaining
surplus not exceeding in any year $1,000,000, shall be paid ratably, % to
nref and
to com ., but in no case will the pref. certfs. b e entitled to m ore
than $7 each per annum; also have preference upon distribution o f trust
fund to tho amount o f $100 each and accumulated dividends.
B o n d s . — C oupon bonds in denom . o f $1,000; registered bonds $1,000 or
m ultiples. A sink, fund o f $105,000 o f bonds p . »• began
Bonds are rodoom. for tho s. f., or as a whole, at 105 and int. #2103)00
have boon redeemed. In case o f purchase o f property o f tho C hicago C ity
R y. by C ity o f C hicago, or termination o f trust agreement o f Jan. 1 1910,
then bonds are redeemable at par and accrued interest .S e e V.^ 0 , p . o58,
625. Bonds are listed on N . Y . Stock E xchango. V . 91, p . 1118.

B a la n c e .

E a r n in g s .
T a x e s ) . I n c o m e , (ions.
den d s.
fo r Y ea r.
in iA -ir.
SI .969.378 $655,004 $1,775 $437,728
N one sur.$219,051
I Q I jI lS .........
1 968 137 608,790
1,091 443,438
186.000 dof.19.557
2,027 418,759 279.000 sur. 1,633
1 9 1 3 -1 4 IIIIII 2!094,157 697,365
R O A D .— Operates from 5th A ve. station In C ity o f C hicago, over tracks
o f M etropolitan W est Side Elev. road, to 52d A v o ., Chicago; thence on its
own line to W heaton, with lines from W heaton to Elgin, Batavia, Geneva
and Aurora; also from Elgin to Carpcntorsvllle, Dundee, St. Char es,
Geneva. Yorkvilie and Bristol, and a lino from W heaton throughi W est.C hi­
cago to Genova. T otal single track. 169 miles. Third rail, s d a n d a r d r .
100 lbs.; track rails, 80 lbs.; interurban and city linos, 60-100-lb. 1 andgirrler
rails; i id passenger cars; 2 express cars; 6 snow-plows and sweepers; 5 other
cars;'total cars, 127.
O F F IC E R S .— Pres., L . J. W olf, Cleveland; V .-P ., M . J. M andolbaum ;
V .-P . and Gen. M g r.. Edwin C . Faber, W heaton. III.; Sec. and Treas.,
II. C . Lang, Cleveland; A sst. Sec., A . Born; Asst. Treas II. J M anning,
Ami
II A N ovins. Aurora. (11. Executive offices, Guardian B ldg.,
Cleveland, Ohio.— V . 100, p. 555, 811, 900; V .1 0 1 , p . 1012,1031; V . 102,
p . 1895.
_______

C H IC A G O S U R FA C E LIN ES.
Under the title o f Chicago Surface Lines the properties o f the C h ica go
Railways C o. and the Chicago C ity Railway C o. are now being operated
as a single system under tho control o f a joint board o f operation in accord­
ance with an agreement between tho two companies and the unification
ordinance which became effective Feb. I 1914. VVhilo under the terms o f
this ordinance and tho agreement the ownership o f tho properties remains
entirely separate and distinct, the combined oarnings are divided upon an
agreed basis. For tho two years ending Jan. 31 19lb the Chicago Railways
C o. received as Its share 59% o f the incomo remaining after the p ay­
ment o f ail operating expenses, including taxes and maintenance, the other
4 1% o f tho income going to the Chicago C ity R y. C o ., including the
Cafumet & South Chicago R y. and the Southern Street R y .. and, begin­
ning with Feb. I 1916 and until the expiration o f its franchise In 1927, the
Chicago Railways C o. will receive 60% o f the so-called residue receipts,
and the Chicago C ity R y. (including tho Calumet & South Chicago and
tho Southern Street R y .), 4 0 % . Tho plan provides for a 5-cont faro
throughout the city on surface lines, also through routing o f cars from one
division o f tho city to another. See details o f tho orclinanco and tho
agreement for unified operations under date o f Dec. 1 1913 in v . 98, p.
1693. An order permitting tho State Attorney to file .quo warranto pro­
ceedings to question the legality o f unification ordinance was denied in
M arch 1915. V. 100, p. 1078.
P r o p o s itio n to U n ite S u rfa c e a n d E lev a ted L i n e s . — See remarks under
Chicago Elevated Railways.
S trik e a n d W a g e A g r e e m e n t — A strike for higher wages and othor co n
cessions which tied up the surfaco and elevated lino3 o f the city for a little
over two days was called o ff Juno 16 1915. the men agreeing to submit all
differences to a board o f arbitration o f three members. M ayor lh om p son
being chosen the third arbitrator. Tho board awarded increases benefiting
all employees o f the surfaco lines, about 14,000 in number, including 9,000




S tock s a n d B o n d s D e p o s i t e d to S e c u r e th e C o il. T r . B o n d s .
S tock s ( p a r ) .
a B onds ( p a r ) .

C hic. C ity R y ., value $200 per $100 s b -®18.971.900
Calum et & South Chicago R y ................*10,000.000

N ono

............

flT m m ond W h R ln l& E ^ t" OhTc: R y '-I *UOT03)00 *1.000.000 new 1st 5s
C hicago & W estern...................................
*72,0 0 0 ____*74,000
T o t a l .........................................................$30,443,900 $1,074,000
a Under provisions o f tho trust mortgage these respective issues o f bonds
each as an entlroty may bo converted into capital stock o f the respective
C°D m d e n d s<— Oif^pref.atpart?6 ctfs . $2.25 per share was paid sem l-an.
from Juno 1910 to and inch July 1914. In Jan. 1915 SI 25 was paid; July,
$1 25
In 1916 Jan ., 75c. (V . 102, p. 152); July, S I. On corn, partic.
ctfs $1 per share was paid semi-annually from June 1910 to and including
July 1912. N one paid since.
____ _
R E P O R T .— For calendar year (V . 102, p. 344).
n nl
_______ —I n c o m e ----------- -—— B o n d
B ond
O th er D i e s . o n S u r p .
Y r .'
D io s .
O th e r .
G ross.
I n t e r e s t . R e d e m p . D|d. P a r i s h s . I n c .
i

c 1 7n'i qr.o 110*811 1 815 163 1,091,750 105.000 58,114 500,000 57,299
914:1 964:771 87,255 2:052:026 1.100.000 . . . . . . 61,113 875,000 15,912
C o m m itte e . — Chairman, Hairlson 11. Hjloy. s '
S
r
J
ii K
gan, John J. M itchell. Samuel Insull, John A . Spoor, B . E . Sunny, E . K .
U0O F F ? C E R S ^ S e c Sb& 'T r e a s ., W . W . C raw ford.— V . 99, p . 1213, 1831.
1908; V 100 P. 473:' V . 101 P- 2143; V . 102, p. 152, 344. 2341.
m C h ic a g o C ity R a ilw a y .— An electric road.
U n ifie d O p e r a tio n o f S u r fa c e L i n e s . —’Seo "C h icag o Surface Linos
for
details o f unification ordinance under which the lines o f this com pany
aro operated jointly with those o f the Chicago Railways O o. as a single systern under the control o f a join t Board o f Operation.
O R G A N IZ A T IO N .— Incorporated in Feb. 1859, and has °* ^ n s iv o sur­
face road privileges In the south division o f C hicago. In June 1908 ontored
into a contract with the Com m onw ealth-E dlson C o ., by which the C hicago
C ity R y. agrees to buy all o f Its electric power from that com p any until
June 1918. T he railway has aband >ned Its producing plants but rotains
‘ m Cltlquestion.
2 ? r o nCl1 *These
ordinances providing for a settlement o f the franchise
1 nose
ordinances wore approved at the city election on April 2 1907 and form ally
accepted by tho com pany s board o f directors on April l o 1907. Suit to
set aside franchise was dismissed in April 1912. V. 91, P- 1118. An ex­
tended outline o f these ordinances, one to the C hicago C ity Railway O o ..
and covering the lines operated by that com pany, and tho other to the Chi
cago Rys. C o ., and covering the lines o f the form er C hicago Union Traction
C o (now the Chicago Railways C o .), was given In V . 84, p. 1123. The value
o f the tangible and Intangible proporty o f the C hicago C ity R y. at dato or
the ordlnancM was fixed at $21,000,000. T h e city or any com pany au­
thorized bv it Is given the right on Feb. 1 or Aug. 1 o f any year, on six
m o n th s ’ notice to purchase tho entire property o f the two system s, or either
o f thorn, at their value at date o f ordinance, plus “ the cost o f rehabilitation
and extensions Including fair allowances for construction, profit and
brokerage’ ’
But if the properties are acquired for operation by a prlvatecorD or'atlon for Its 6wn profit, tho purchase price is to bo increased
20% __barring the case o f a private company’ which might be willing to
turn over to the city all profits above 5 % on the cost o f the Investment.
T he companies aro limited during their operation to an interest return
o f 5% upon tho agreed value plus the cost o f rehabilitation and e x t e n ­
s io n s
AU net profits^above this are to be divided on the basis o f 55%
to the citv and 45% to the com panies, but a deficit In any year is to be
made9good out o f the profits or subsequent years. After April 15 1910 the
companies are required to set aside 6 % o f the gross receipts for maintenance
and repairs and kn additional 8 % o f the gross receipts to cover renewals
and depreciation. W hatever portion o f the two funds is not « sed remains
in the funds and passes to the city or its liconseo upon purchaso. But tf
the two funds are not sufficient for the purposes nam ed, the com panies
are obligated to supply additional funds. T h e franchises granted b y the
ordinances run until F eb . 1 1927. Purchase price o f tho proporty Jan. 31
l0 o ! ; .fan ^9^1^12 C ity Council passed an ordinance providing for tho acqu?sItionnby Chicago e f t y R y. o f city lines o f the Chicago, &^ o u t h o m T ra c.
V Qt n 349 629. T he latter was sold at foreclosure in Fob. l i l z .
T h e lines outside the city were taken over by tho C hic. Sc Interurban R y .
S trik e a n d W a g e A g r e e m e n t . — See “ Chicago Surfaco Lines.
•
S T O C K A N D B O N D 3—
D a te .
In terest.
O u ts ta n d in g . L a s t D i v . ,A c .
Stock, $19,000,000 (S100) . . . - - - - T e x t Q -M 30 513.000.000 Sept 10, 2 %
1st m tge ($1,000) g - C * & r * t f ^ 1 ^ 0 7 ^ g ^
^ 2 .2 0 0 ^ 9 0 0 ^ ^ 0 ^ 1 9 2 ?
B o n d s .— There Is no limit to tho am ount o f bonds that may be issued
under tho above m ortgage. Under the Chicago city ordinance. In case o f
purchase by the city or its licensee, and only In such case, the bonds m ay be
called as a whole, for paym ent at par and in t., on any int. date before m a­
turity
V . 84. P. 1488. i5 50 . Bonds are listed on C hicago Stock Exchange
(V . 98, p. 386).

,
In 1893- 2 4 % ; 1894-1900. 1 2 % ; in 1901. 1 0 H % ; in
1902-09. 9 % ; in 1910. 1 6 % ; in 1911, 1 1 H % : in 1912. 11% ; in 1913. 1 0 & % .
In 1914, 9 % ; in 1915, 8 % ; in 1916, M a r., 2 % ; Juno. 2 % ; S opt., 2 % .
R O A D , & c. (incl. Southern St. R y .).— Com pany owns 334.73 milas of
slnJVi?,traCa>a 1 now °P erated by electricity. System covers the South Side
o f C hicago, extending from tho centre o f the business district south to 79th
Street and between tho South Branch o f the Chicago River and tho Bake.
R E P O R T .— For 12 m onths ending Jan. 31 1916. seo V. 102, p . 1157.
. The com bined results o f the “ Chicago Surface Linas” under the U nifica­
tion Ordinance, which wont Into effect Fob. 1 1914, were: gross. 831 690 761; operating exponses, 821,041.356; residue receipts, 810,649,405.
I n c o m e A c c o u n t C h ic a g o C ity R a ilw a y .

„
,
1916.
P ropor. o f resi§
duo receipts
(4 1 % )............ 4,366,256
Joint acct.exp.
int. on cap.
inv. & So. St.
R y.n et earns. 3,500,467

1915.

1916.
Corn’s propor8
tion ( 4 5 % ) . .
389,605
4,951,477 Int. on ca p ’l.z. 2,507,908

602,365
2,416,914

Inc. from o p . 2,897.513
Other in com e.
81,582

3,019,279
279,548

3,612,889

1915.

N ot Incom e- 2,979,095 3,298,827
865,789 1,338,588 Int. on b on d s. 1,565,555 1,529.410
Dividends . . (8) 1,440.000 (9) 1,620 000
476,184
736,223
Balance------def.26,460 sur. 149,417
interast on capital invastment is that certified by board o f
x I he
supervising engineers, as provided by tho ordinance o f Feb. 11 1907.
O F F IC E R S .— Chairman E x. C om ., L . A . Busby; Pros., L . A . Busby
V ice-P ros., II. B . Fleming: Sec. and Treas., F . D . Hoffm ann: A ud. John
.1. D u ck .— V . 98, p. 905, 911, 1244, 1692, 1919; V . 99, p. 1527, 1831; V
100, p . 981. 1164, 1831; V. 101, p . 212; V . 102, p . 250, 1058, i m :
(2) C a lu m et & S o u th C h ic a g o R y .— Electric.
U n if i e d O p e ra tio n o f S u r fa c e L i n e s . — See “ Chicago Surface L ines" for
details o f Unification Ordinance o f 1914, under which the lines o f this com ­
pany are oporated jointly with those o f the C hicago Railways C o as a sin­
gle system under the control o f a join t board o f operation.
O R G A N IZ A T IO N .— Is a consolidation formed in 1908 o f the Calum et
Electric Street R y. and South Chicago C ity R y . in accordance w ith the
terms o f ordinance passed b y tho C ity C ouncil M ar. 30 1908
Lines
are located In the south division o f the C ity o f C hicago. T h e ordinance
g «»?ts fr a n c h is e s until Feb. 1 1927 and provides that the city is to receive
55% o f net receipts after allowing for operating expenses, taxes and d e ­
preciation and 5 % on present value, together with amounts expended for
im provem ents and extensions. Unification ordinance o f 1914 establishes
a 5-cent faro and universal transfers. C ity m ay purchase property on
*T ? V I .or„ Au?- 1
aay 7®ar uPon sIx m onths’ notice for present value,
's fixed at 85,000,000, plus amounts oxpendod for Improvements
additions and extensions, but only for municipal operation, where purchase
Is made prior to Feb. 1 1927. With an addition o f 20% in price, city may
also purchase for the purpose o f turning property over to other parties (if
purchased for Chicago C ity R y . only 12% additional need bo p a id ), but
tnls additional sum need not be paid where these other parties agree to pay
over to the city a ll o f the profits above 5 % on the purchase price. V . 86,
p . 1223. On .Jan. 31 1916 certified value o f property and additions thereto
was 810,298.568.
M a tu r ity .
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
Stock 810,000.000 (8100)........................................ $10,000,000
First mortgage rehabilitation f 1908
5 g F-A
5,325,000 Fob 11927
($1,000) gold , no s fc* & rtf lin t, at First T r. Sc Sav. B k ., C h ic.. Trustee.
B o n d s . — T he Issue o f 1st m tge. bonds is indeterm inate, am ount to be
limited to am ount o f new work done on property. T h ey are subject to
call at any int. date before July 1 1912 at 105 and Int.; thereafter only in
caso city shall purchase property at par and int. on any int. date. N o s fd
E A R N IN G S .— For years ending Jan. 31:
a'
N et ea rn s ..
C ity ’s propor­
tion ( 5 5 % ) . .

Y e a r e n d in g

* In t. on

O th er

T o ta l

B on d

D ie s .

B a la n c e ,

J a n . 31—
C a p ita l. I n c o m e .
In com e.
In terest.
P a id .
S u r p lu s .
1915-16............. 8510,268 821,844 8532,112 $266,250 $225,000 840,862
1914-15----------- 497,523 13,270
510,793
259.625
125,000 126,168
* Representing com pany’s proportion o f 4 1% o f C hicago Surface Lines
residue receipts pursuant to unification ordinance effective Feb 1 1914
T> nO A D ’ w ° T n,» ^ d operA I p i.iO miles o f track reaching South C h ica go.
Pullm an. W est Pullman, Auburn Park, Burnside and M anhattan Beach
Also extends from Jackson Park to 106th St. and tho Indiana State lino
along Lakeshoroand both sidos o f Calum et Rivor 70. 75. 83 and 85-Ih rails
O F F IC E R S .— Pres., L . A . B usby: V .- P „ W . W . Crawford: S e c & Treas
F . I). Hoffm an: A ud .. Jno. J. D u ck.— V . 94, p . 629 ,13 1 1 V . 96 p 1088
1420, 1627: V. 98. p. 1070, 1243, 1603; V . 100, p. 1831.
’
(3) S o u th e rn S treet R a ilw a y C o .— A trolley road.
U n if i e d O p e ra tio n o f S u r fa c e L i n e s .— Seo “ Chicago Surface L ines” for
details o f Unification Ordinance o f 1914, under which the lines o f this com ­
pany are operated jointly with those o f the Chicago Railways C o . as a sin­
gle system under the control o f a join t board o f operation,
o
1Z A N
' ncorporat ed_in Illinois as a reorganization o f the
C hicago General R y ., which was bid in at foreclsoure sale on Sept. 30 1907
b y tho Southern Street Railway C o. V . 85, p 803.
P
a
nnn
D a te '
In terest.
O u ts ta n d in g .
M a tu r ity .
S tock, $2,400,000 ($ 100) ................................... ......
$2,400,000
B o n d s issued under 1st m tge. o f 1909 were from tim e to tim e canceled
and stock issued in exchange. N o bonds now out.
E A R N IN G S .— Included in statem ent o f C hicago C ity R y .
•
R O A D .— Included In Chicago C ity R y
°nF S
R S ’— IIrefi J4- A . Busby; V .-P ., W . W . C raw ford; Sec. & Treas
F . D . H offm ann; A ud ., Jno. J. D uck.— V . 91. p . 1631, 1712.
(4) H iim m ond W h it in g & East C h ic a g o R a ilw a y C o .— A trolley road
by th0 Chicago C ity & C onnecting Rys.
O R G A N IZ A T IO N .—■Incorporated In Indiana in Jan. 1910 a s . successor
TTammnm
Whltlni?
Rljisf. Chicago
nhlpnifo E
7*7/✓
/*/»»
iii*
- 1..• oxnimsTn
.
.
to Hamm
ond W
hiting & East
le c>
tr
ic R
y . /•’ranc/hse
1954. Power is furnished b y the Calum et & South Chicago R y
1 lros ,n
ST O C K —
D a te .
In terest.
O u ts ta n d m a ' D ir ir t e n u ,
Stock 81,000,000 (8100).................... ..
..............
$1.000 000
m m en d sFirst m tge, $5,000,000, gold? 1910
5 g F-A
1,000 000 Feb
($1,000) .................... c&
Bank.
‘ rtf
“ lin
IT- t*, at
“ * First
” * Trust‘ &
‘ Sav.
~
- C hic Trnst°
B o n d s . — Subject to call at 105 and int.
E . If. B oisot is also trustee USt'
R O A D .— Owns 30.64 miles o f track, extending from State lino between
Illinois and Indiana at 108th S t., C hicago, to W hiting, East Chicago and
Hamm ond in Indiana, and operates in connection with Calum et & Smith
Chicago R y. to 63d St, and M adison A vo., in C hicago. Standard gauge80-lb. T rail.
’
O F F IC E R S .— Pres., O. G . Talmadgo; V .-P ., Chas. L . Lawrence- Sec &
T reas., F. D . Hoffm an: A u d ., W . W . Ilill.— V . 79, p . 103.
'
*

Ar.

u*.„

in t e r u r b a n Y r a c t io n c o .
O R G A N IZ A T IO N .— Incorp. In Illinois Fob. 14 1912 to take over the
property o f the Chicago Sc Southern T rac. C o. (sold at foreclosure) outside
the city limits, ttm lines within tho city having beon acquired b y C hic. C ity

Stf?k??LOOO^OOOB(?100)SZ
^
I n t M
M a tu r ity .
™\m0’n £Olr ($100’ S 5 0 0 ,M 9 l2
5 g J - j"
l^SOiOOO Jan" 1" 1932
’ "m, f - - r r ------ c * t f lin t, at First T r. & Sav. B k ., C h ic., Trustee
„ |, /A0 a t
iaut
am oupt o f 1st M . bonds is not limited. Bonds are
m tori t
nuf n part,1beginning with lowest number, at 102
P A R M iM r a flaY- T here are also 8290.000 bonds in treasury,
u r ir
,y,car en','n g„F ol). 29 1916, gross, $296,347; net
$13o,221f Interest And taxes, $87,253; surnlus <*47 OHS
Rn id Ac h i* r S °ns*StSir°r ? ° . miles o f line between 119th St. and Vincennes
*5 KanIc a ^ 0, HI. Standard gauge. 70-lb. T rails.
_
P IC E R S .— Pres. & M gr., O. G . Talm adgo- V -I’
C F
•
Sec. & T reas.. W . W . C raw ford.— V. 0 4 . p . 697; V . 95, p. '968; V. io o , p . 1107.'

101? ('I’ .ioa p 'T fis, ™ 7 ? “klv .W 'p .

"°'d at 'or“ lo""-» A r

1

Owns r,^ ht o f way in W isconsin as far as tho city limits o f
Milwaukee; franch so In M ilwaukee expires D ec. 31 1934. Owns right o f
way In Illinois outsido o f corporate limits and to a considerable extent within
belng'pernetual.’ th° rcmaindcr ls covorcd by m u ^ X a f f r a n c & seyerk"
«m nAn oi? B O N D S ~

D a te-

In terest.

O u ts ta n d in g .

M a tu r ity .

P irst.M _$10,000,000 g ($1,-7 1916
5 g J -J * '* $3,620,000 J u ly ~ Y l9 3 6
000, $500 k $ 1 0 0 ).. _____
c * t f (Interest payablo in N . Y . or C hicago.
Collateral gold notes_________ 1916
5^%
400,000 Seo text
G en ’l M $1,500,000 gold ..........1916
460,000 A ug. 1 1936




S to c k .— The capital stock is in tho nom inal sum o f $100,000, which has
been m ade the basis o f the following participation certificates o f no par
value: (a ) 50,000 Illinois part, cerfcfs., bearing $5 dividends a year, curau»ative, l£ £ arned, a^(er Jan. 1 1918, tho d iv. on these certfs. having priority;
(b ) 58,000 Wisconsin part, certfs., bearing $5 divs. a year, cum ulative, if
’ f i t t e r Jan. 1 1918; (c) 62,000 com m on part, certfs., bearing such
dividends as m ay be earned and declared. T he stock will be held by George
M . R eynolds, Samuel Insull and R . F loyd Clinch as votin g trustees. For
basis o f exchange o f bonds o f old co . for certificates, see V. 103, p . 664.
B o n d s .— T he 1st M . bonds are secured b y a first lien on all the property
owned and b y pledge as additional security o f the entire capital stock o f tho
Chicago & Milwaukee E lec. Ity. o f W is., which owns the terminal facilities
in Milwaukee. Additional bonds m ay bo issued under conservative restric­
tions as follows: (a ) 8440,000 in substitution for $480,000 par value o f
Gen. M . bonds now deposited as security for tho collateral gold notes;

replacement and deprec n fund o f 12% o f annual gross incom e for first
5 years, 14% for second 5 years, 16% for third 5 years and 18% for the last
5 years, to be expended for m ain t., & c., or for retirem ent o f 1st M . bonds.
T he 1st M . bonds are callable as a whole or part on any int. date at 105 and
int. Continental & Com m ercial Trust & Savings Bank C hicago is trus­
tee. V . 103, p. 1031. T ho notes m ature serially A u g. 1 1917-1919 and
are secured b y 8480.000 gen. M . 5 % bonds.
E a r n in g s . — For year ending June 30 19 6, gross," $1,021,028: net
(after m aint. and taxes), $314,532; other incom e, $12,648; net inc. available
for int. charges, deprec’n , & c., $327,180.
R O A D , & c.— Owns ana operates tho electric railroad connecting E vans­
ton, 111., and M ilwaukee, W is., with a branch line extending from Lake
B lu ff, 111., to Area, 111., embracing 84.54 miles o f road and 167.60 miles
single track equivalent. T he principal com m unities served are E vanston,
W ilm ette, W innetka, Glencoe, Highland Park. Lake Forest, N orth C hi­
cago, Waukegan and Zion C ity , 111., and Kenosha, R acin e. South M ilwau­
kee and M ilwaukee, W is. 97 m otor, com bin ation, buffet, trailer, baggage
and express cars, aud 127 freight cars, 9 service cars, 2 electric locom otives
and 1 work m otor.
O F F IC E R S .— Chairman o f the B oard, Samuel Insull; P res., B ritton I.
B udd; V .-P ., R . F loyd C linch.— V . 102, p . 2254; V . 103. p. 664, 1031.
C H IC A G O R A IL W A Y S C O .— An electric road.
U n ifie d O p e r a tio n o f S u r fa c e L i n e s . — See “ Chicago Surface L ines" for
details o f U nification Ordinance o f 1914, under which the linos o f this
any aro operated join tly with those o f the C hicago C ity R y . as a
i system under the control o f a join t board o f operation.
O R G A N IZ A T IO N .— Incorp. in Illinois in O ct. 1903 and on Jan. 25 1908
acquired at foreclosure sale the property o f the old Chicago Union T ra ction ,
comprising the lines or the N orth and West Chicago Street R R . T he pur­
chase was made under a m odified plan o f reorganization and readjustm ent
dated O ct. 15 1907 and outlined in V. 85. p. 1269: see also p. 1576.
In D ec. 1912 purchased 6 miles o f the Suburban R R . inside the city limits
(V . 95, p. 1402) and issued $22,554 bonds to cover cost.
F r a n c h is e s . — On Feb. 5 1907 the C ity Council passed ordinances provid ing
Tor a settlement o f the relations between tho city and the street railway
com panies. V . 84. p. 338, 390. T he fr a n c h is e s granted by the ordinances
expire Feb. 11 1927 and were approved at the popular election held April 2
1907. On O ct. 10 1910 supplemental ordinance was passed expiring Feb.
1927, covering lines o f Chicago C onsol. T ra c. properties. V .9 1 , p . 1025.
In the remarks concerning the Chicago C ity R y . on a preceding page o f this
publication will be found a brief sum mary o f the main terms, requirements
and conditions o f these ordinances. A very extended outline o f the same
was printed in the "C h ronicle” o f M a y 11 1907, pages 1123, 1124 and 1125,
to which the reader is referred for detailed Information.
T he ordinance for the Chicago R ys. C o . provides that the valuation o f the
properties acquired shall be deem ed and considered to be $29,000,000 (the
value fixed by a board o f expert engineers acting for the city) plus $1,779,875
,tures fro,m the date o f the valuation on June 30 1906 to Feb. 1
I§X v^ 7P ol- g ^ a l valuation o fp r o p e r t ie s as recognized by ordinance
$30,779,875 as o f Feb. 1 1907. W ith the expenditures already m ade, the
valuation or road, equipment and franchises on F eb. 1 1916 was com puted
at 885,026,674.
All expenditures for reconstruction and extensions are being m ade under
th° direct supervision o f a board o f supervising engineers headed b y M r.
Bion J. A rnold, and the com pany is required, under conservative restric­
tions, to advance moneys for the construction o f subways by the city ,
l h e expenditures for reconstruction and extensions, including any contri­
butions for subways, after Feb. 1 1907 are to be added to the value o f the
properties recognized by the ordinance, together with 5% o f such expendi­
tures for brokerage. As com pensation for its services In construction
the com pany will receive an additional 15% o f all expenditures for recon­
struction and extensions, exclusive o f amounts contributed for subwavs.
T he com pany agreed to lower and reconstruct the tunnels under the
Chicago River at W ashington, La Salle and Van Buren streets.
R ig h t to P u r c h a s e by C ity . — Under the terms o f the franchise, the com pany
agreed to waive all rights under previous grants, and gave the city an
option to purchase all o f Its property for municipal operation at any time
rior to the expiration o f the 20-year franchise granted the com pany
y the ordinance. T he price to be paid b y the city to be $30,779,875,
the valuation o f the properties February 1 1907, as above m entioned,
plus all expenditures after that date for reconstruction, extensions and addi­
tions to the properties, including any amounts advanced to the city for
the construction o f subways in the downtown business district. In case
the property shall not be purchased, as above stated, prior to 1927 the
expiration o f the franchise, the city covenants that it will not then grant
a franchise to any other corporation for the operation o f a com peting system
In the com pany’s territory unless such other corporation shall purchase
the property or the com pany at said price. T he city also has the option
o f requiring the com pany to sell its property to any other licensee corpora­
tion o f the c it y . or o f purchasing the property Itself for municipal ownership
(with no requirement as to municipal op era tion ), at any time during the
life o f the franchise; but in case o f such purchase b y the city o r a licensee,
the price to be paid shall be 20% m ore than the price above mentionedbut the licensee shall not be required to pay the additional 20% if It shall
agree to pay over to the city all profits in excess o f 5 % on the investment
In any event, (1) the purchase price must be paid in cash and the first
mortgage bonds o f the com pany will attach to such cash as a first lien in
the event o f such purchase; or (2) such purchase (if made within said 20
years), must be consummated expressly subject to the lien o f the 1st m tge.
bonds, but if made at the expiration o f said 20 years, the am ount thereof
must also be paid in cash.
C o m p e n s a t io n to C i t y . — Provision Is m ade for special com pensation
to tho C ity o f C hicago, but this com pensation is payablo on ly out o f
the surplus earnings o f the com pany after paying or providing for all o p ­
erating expenses. Including the charges for maintenance and depreciation
prescribed in the ordinance and 5 % upon the valuation o f the com pany's
property at which It m ay be purchased b y the city for municipal operation,
as above stated. O f the surplus earnings so remaining, the C itv o f Chicago
receives 55% and the com pany 4 5 % . (See V . 99, p. 1831 for dispute with
city as to certain accounts).
C o n tr o l b y T r u s te e s . — T he trust indenture securing the participation
certificates provides that until A ug. 1 1912 and to the full extent thereafter
which m ay be permitted by law until all o f tho consolidated m ortgage bonds
o f the com pany shall be fully paid and discharged, the directors o f the
com pany shall be elected b y Messrs. A .C . Bartlett, Chauncey Keep, Charles
II. Hulburd, Albert A . Sprague and Charles G . Dawes o f C hicago, and pro­
vision is made in the trust deed securing the 1st m tge. bonds for the appoint­
ment o f a permanent finance com m ittee, com posed o f Messrs. H enry A
B lair, Seym our Morris and B . A . Eckhart o f C hicago.
A c Q u isitio n o f C h ic a g o C o n so lid a te d T r a c tio n P r o p e r t ie s . — On D ec. 27 1910
Judge Grosscup confirmed the sale o f the C hic. C onsol. T rac. C o . and Its
eight underlying companies on N o v . 30 1910 to Andrew C ooke and the
sale by the latter o f all properties w ith in the city limits to the C hicago Rail­
ways C o . (V . 91. p. 945. 1253. 1511). pursuant to an ordinance passed
O ct. 10 1910 (placing valuation at $4,021,982), like in tenor, am endatory
and supplemental to ordinance o f Feb. 11 1907 (V . 91, p. 1025, 1159)
Seo reorganization plan, V . 90. p. 1613: V . 91, p. 37. T he lines o u ts id e the
city were acquired by the C ounty T raction C o . (now the Chicago & West
Towns R y .) , which has no connection with tho Chicago Railways C o .
On N o v . 1 1910 a deposit agreement was entered into by the holders o f the
securities of the Chicago Consolidated Traction and its sub sidlaries, pro­
viding tor the exchange o f the said securities for Chicago R ys. C o . Purchase
M on ey 4 % to 5 % bonds and A djustm ent Incom e 4 % bonds, both dated

S

g

O F F IC E R S .— Pres., Clem ent O . Sm ith, M ilwaukee: V ice-P res., & Gen •
Jan. 1 1911 and maturing F eb. 1 1927. For description o f b on d s and term *
M g r., Charles F. Speed, Evanston; S ec., George A llison, M ilwaukee.
o i exchange, see V . 91. p . 1384, and com pare V . 90, p. 1013; V . 91, p . 214
T reas., J. J. Lewis, Evanston.
S trik e a n d W a g e A g r e e m e n t .— See “ Chicago Surface Lines.
F a v o ra b le D e c i s i o n . — In O ct. 1912 the U. S. Circuit C ourt o f Appeals
C H IC A G O E L E V A T E D R A IL W A Y S .— (See M a p o n p a g e 2 9 .)— A v o l­
affirm ed the decision o f Judge Kohlsaat, dismissing the suit brought to have
untary association similar to Massachusetts E lectric Companies.
the com prom ise franchise o f 1907 annulled. V. 95. p. 1206.
S e ttlem en t o f Y e r k e s S u it. — In April 1914 the com pany arranged a settle­
U n if i c a ti o n o f S u rfa c e a n d E lev a ted L i n e s a n d C o n s tr u c tio n o f S u b w a y s .—
ment o f the suit brought by the Yerkes estate on the guaranty o f the bonds E fforts havo been m ado from time to time to bring about tho inorgor. or
o f the C hic. C onsol. T ra c. C o. b y the Union T r a c .C o . V . 98, p. 1155.
unified operation, o f tho elevated and surfaco traction linos and for the con ­
In Juno 1915 the F. U. C om m , granted permission to issuo $2,726,OUU struction o f a subway to relievo the congestion o f theso linos in tho loop
additional 1st M . bonds, o f which $1,500,000 have been issued.
district, but so far without avail (V . 96, p. 651, 1364). Such plans, how­
ever, aro still under consideration, and pursuant to an ordinance passed by
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
STOCK A N D BON DS—
tho Chicago C ity Council on Jan. 31 1916 a commission o f engineers has
_______
________
See
text.
See
text.
S tock, $100,000
been appoin ted, consisting o f W illiam Barclay Parsons o f N . Y ., Bion J.
First m ortgage (see text),
1 1907
5 F-A
$54,455,000 Feb 1 1927
($1,000) gold ............c&r t f 11nt. at Harris Trust & Sav. B k ., C h ic., Trus. Arnold o f C hicago and R obert Ridgw ay o f N ew Y ork , to Investigate and
p o rt upon the transportation problem o f tho city.
„
I or at Harris, Forbes & C o ., New Y ork .
Following tho breaking o f f o f negotiations by tho C ity C ouncil in April
C onsol m tge, gold __________ t f 1907
5% .
See
* 1927 1913 for a general merger o f surface and elevated roads, tho com pany ex­
B o n d s C o v er in g C ity L i n e s o f F o r m e r C h ic a g o C o n s o l. T r a c t io n . ^
its willingness to through-route north and south elevated trains,
P urch-m oney M $6.000 ,600 g i 1910
5 J-J
$4,073,000 Bob 1 1927 pressed
using tho L oop for that purpose, and to establish free transfer stations
($500 and $1,000)____ c * tf(I llin o is T r. & Sav. B ank, C h ic., Trustee.
between
said trains and trains o f M etropolitan and Oak Park com panies.
A djust Inc M $2,500,000 g o ld / 1910 4 g M a y
2,500.000 Feb 1 1927
Soe V . 96, p . 1364, 1627. On July 28 1913 C ity Council passed an ordin­
($100&$500) (non-cum )c* t f l Central Trust C o. o f 111., Chicago. Trustee
ance to that effect, and at m idnight N o v . 2 1913 tho plan becamo operative.
S to ck . — T he capital stock o f the com pany, which is issued in the nominal
As the project for uniting under one control the elevated railway and sur­
am ount o f $100,000, has been m ade the subject o f a trust agreement, dated faco roads o f Chicago was not carried out by July 1 1914. the C om m on­
A u g. 1 1907 and executed Jan. 25 1908, by and between the Chicago Hall­ wealth Edison C o. purchased from the syndicate which underwrote the
ways C o . and Messrs. Adolphus O . B artlett, Chauncey K eep, Charles II. pref. shares approxim ately 200,000 shares o f C hic. E l. com . stk. for about
H u ibu rd , A lbert A . Sprague and Charles G .D aw es, as depositaries, and $6,000,000 in accordance with the terms o f an agreement said to have been
Central Trust C o. o f N ew Y ork as custodian. Under this agreement entered into in 1911.
,,
the stock serves as a basis for the issue o f the p a r t i c i p a t i o n c e rtific a te s ,
As to valuations by city's and com pany s experts, see V . 94. p . 1507.
representing in all 265,100 equal parts. Series 1 consists o f 30,800 parts,
O
R
G
A
N
IZ
A
T
IO
N
.—
Organized
in
1911
to
acquire
stocks,
bonds and
Series 2 o f 124.300 parts. Series 3 o f 60,000 parts and Series 4 o f 50,000 parts.
Series 1. 2 and 3 are entitled, in the order o f priority nam ed, to cumulative other securities o f the M etropolitan W est Side E lev. H R .. ^ o ^ b 'v o ste rn
dividends o f $8 for each part, beginning with year ending A ug. 1 1908, and In E lev. R R . and the South Side E lev. R R . ($21,202,312 being offered for the
the distribution o f capital to $100 for each said part. Series 4 is entitled S36.294.900 stock o f these com panies); also, if it so elects, the stocks or the
Union C onsol. Elev. R y .. Chicago & Oak Park E lev. R y .. Chicago & Oak
to any remaining profits or capital distributed. V . 85, p. 1269.
Dividends on participation certificates Ser. 2 are limited to $4 on each cer­ Park E lev. R R . and Chicago & Elmhurst R y ., which companies are con­
tificate so long as m ore than 50% o f Series O bonds remain outstanding, trolled by tho afore-mentioned com panies. These roads operate abou t
and thereafter to $5 per certificate until the remainder o f Series O bonds 189.54 miles o f track. T h e physical properties were valued at about
have been redeem ed. Series 2, how ever, is entitled to unpaid accumulation $90,000,000. exclusive o f franchise valuations, or $84,386,294, excluding
on account o f its $8 per certificate (beginning with the year ending A ug. 1 the C hic. & Oak Park E l. R R .; the mortgage debt preceding tho $14,000,000
1908), but only when earned, and after paym ent o f all accumulations of 2-year 5 % socured notes and $7,000,000 10-year 6 % debentures aggregates
sinking fund and o f dividends on Series 1.
,
. ,
.
$40,470,000, leaving an equity o f $43,916,294.
.
B o n d s . — First m tge. bonds are issued only to provide funds for rehabili­
Stockholders o f the M etrop. West Side E lev. R R .. Northwestern E lev.
tation. extensions, & c. T hey m ay be redeemed at par and accrued Interest R R . and South Side E lev. R R . were given the option o f two offers for d e ­
on any interest d a y. T he bonds have a first lien on the entire property, positing their stocks; one to receive full cash for their holdings, and the
rights and franchises o f the com pany. T h e authorized issue is limited to other to receivo part cash and part stock o f the Chicago Bdev. R ys. Seo
the aggregate o f the amounts approved from tim e to tim e b y the board of offers in V . 92, p . 1498. A ll tho stocks havo boen turnod In, a small
supervising engineers. O f the bonds reported outstanding, $500,000 are remnant o f Northwest. L pref. being bought In A ug. 1913. V. 97, p. 728.
July 1914 the N ational C ity Bank offered tho S14.000.000 gold notea
held b y trustees as security against any judgm ent which possibly could be In
recovered in various litigations going on. See full particulare or bonds
(V . 98, p. 1992), the proceeds o f which, together with the sale o f $ / ,000,000
10-yr. 6% debentures and $12,500,000 bonds o f the Northwestern E lev.
property, & c.. In V . 86. p . 545: V . 88. p. 1436, 1619: v j 90. p . 302: V . 93, p
R R . wero used to retire the $30,000,000 3-yr. notes which matured July 1
162. Bonds are listed on the N . Y . Stock Exchange. V . 103, p. 238.
___ _
. ..
T h e consolidated m ortgage bonds consist o f the following: Series A . 1914, and to provide working capital.
S u it a g a in s t C o n tr o lle d C o m p a n ie s . — On June 16 1913 State A ttorney
ssued, $17,403,200. o f which $1,006,000 are in tho treasury and can be
ssued only for acquisition o f additional property; Series B , $17,164,­ H oyne filed quo warranto proceedings in the State Circuit C ourt against
475, and Series O , $1,399,036. Series O bonds have sinking fund o f $250.­ the M e t. W est Side, South Side and Union elevated railroad co s ., claiming
000 per annum, if oarned, which began A ug. 1 1908, but cum ulative until that they violated their State charter b y issuing watered stock. V . 97, p.
paid. $1,196,000 Series A bonds have been retired. See particulars, 1772. On N o v . 17 1913 Judge Scanlan in the Circuit C ourt dismissed the
V . 86, p. 1223: V . 93, p . 1724. O f the remaining Series B . bonds. $4,000 are proceedings because o f a technical defect in failing to charge fraud in the
in treasury. $2,600,664 Series C bonds havo been retired b y sinking fund issuance o f the alleged "w atered s to ck .” An appeal was allowed direct to
a n d cancellation. Bonds o f three series boro int. at 4 % until F eb. 1 1912; the Supreme C ourt. V . 97. p. 1425. On A pr. 24 1914 tho Supreme C ourt
affirmed tho decision o f Judge Scanlon o f the C ircuit C ourt and dismissed
thereafter 5 % .
.
. „
P u r c h a s e M o n e y M t g e . bonds boro int. at 4 % per ann. during first 5 yrs.
tho suit against the elevated roads.
_ ____, •.
now 5 % p era n n . They are red. at par and Int. on any int. date.
S trik e a n d W a g e A g r e e m e n t . — Soe remarks under Chicago Surfaco Linos. •
A d ju s t m e n t I n c o m e M t g e . bonds are red. at par and int. on any in t.d a te
S T O C K A N D B ON DS—
Date. Interest. Outstanding M a t u r i t y .
Interest is payable only if earned and is not cum ulative. Paym ents o f
C om m on, 250,000 shares-------- --------------250,000 shs. - - - - - - - —
4 % each were m ade on M a y 1 in 1913 to 1916 inclusive.
Q -M
160,000shs. See text.
Interest on both purchase-m oney m ortgage and adjustm ent Income Pref. 160.000shares, 6% c u m . ____
2-yr gold notes (closed issue)? 1914
6 g J-J
$14,000,000 July 1 1919
m ortgages payable a t com pany’s office or at agency o f com pany in C hicago
($1,000). $14.000,000---c* 1 Illinois Trust & Sav. Bank, C h ic., tnistee.
D I V I D E N D .— An Initial dividend o f $4 was paid N o v . 15 1908 on Debentures $7,000,000 ($100/ 1914
6 g J-J
7 .0 0 0 .000 July 11924
Series 1 participation certificates. On Sept. 1 1909 $8 was paid on Series 1
a n d $1.000).................... c * t f Int. at N ational Q lty Bank, N ew Y ork .
certificates. N one to O ct. 1912, when $6 was paid. In F eb. 1913, $6: Equip tr certfs gold Ser “ A ” 1914
5 g F -A
See text,
M a y , $6: J u ly, $6; A u g ., $4. In 1914, F e b .. $4: A u g., $8, being full p ay­
do
do
Ser “ B ” ( --------------See text.
guaranteed b y endorsem’t-1 Commercial T r. C o. o f Phila., Trustee.
m ent o f all arrears. Feb. 1915 d lv. o f S4 was paid June 5 (V . 100, p. 1671)
T h e August 1915 d iv. o f $4 was |paid Sept. 1 1915. In 1916, A ugust, $8
S to ck . — C om . and pref. shares expressed at par value o f $100 each.
I he
In F eb. 1914 initial div. o f $2 per sh. was paid on Series 2. In 1915, Juno, $2
pref. stock Is redeemable at $100 and accrued dividends.
R O A D .— Comprises 515 miles ot track (Including 128 miles o f the
N o t e s . — Pending tho form ation o f a concrete plan for tho unification o f
form er Chicago Consolidated Traction Lines). 473 miles o f track laid with surfaco and elovated lines and appropriate municipal action in tho matter,
tho holders o f a large percentage o f tho $14,000,000 5 % notes duo July l
grooved rails weighing 129 lbs. to the yard.
1916 consented to extending same to July 1 1919 at 6 % in t., with a cash
E Q U IP M E N T .— Operates 1,907 double-truck “ p ay-as-you-enter" cars
paym ent o f $15 in respect o f each $1,000 o f extended notos. In addition,
R E P O R T .— T h e annual report for year ending Jan. 31 1916 will be found tho value o f tho security for tho notes was materially increased and an agree­
in V . 102 ,p . 1343. The com bined results o f tho “ Chicago Surface Lines” for ment made with the Comm onwealth Bklison C o. whereby all claims for
the year were: in gross, $31,690,761; operating expenses, $21,041,356; residuo power supplied to the railroad cos. after Juno 30 1916 and until m aturity or
receipts, $10,649,405.
tho extended notes will bo assigned to a trustee and will be paid only if and
as other floating debt o f subsidiary cos. (except capital debt) is not increased.
I n c o m e A c c o u n t f o r Y e a r s e n d in g J a n . 31.
In caso other collateral securities pledged for the oxtended notes shall upon
S h are o f
* A d ju s tI n t ., 5 % ,
B a la n c e , — — O f'w h ic h to— — sale prove insufficient to pay such extended notes in full, tho said power
R es. R e d s .
m e n ts .
on In v .
D iv i s ib le . C ity ,55% . C o . 45% .
claims then unpaid will be placed on a parity with tho oxtonded notes. N o
’ 15-’ 1 6 -36,283,149 D r.$20,327 $4,230,975 $2,031,847 $1,117,516 $914,331 provision was mado for tho paym ent or uncxtendeil notes. V. 102, p. 2341.
'1 4 -T 5 - 7,125,296 C r . 55,106 4,116,762 3,063,640 1,685,002 1,378,638 V . l6 3 , p. 578. Tho notes aro now secured b y plcdgo o f substantially all
* A pplicable to previous years.
o f tho stock o f the Northwestern E lev. lty ., the M etrop. W est Side E lev.
R y . and tho South SIdo Elov. R R ., having a total par value o f $ 36,291,000.
I n c o m e S ta tem en t ( N o n -P a r t n e r s h i p A c c o u n t ) f o r Y e a r s e n d in g J a n . 31.
and notes and claims against those cos. aggregating approxim ately $2,070,1916.
1915.
1916.
1915.
000. R ed. at par and int. on any Int. dato on 30 days notice. Int. pays
$
250,000
250,000
Sk.
fd.
res.
a
cc’t
C hic. R y s .,4 5 % . 914,331 1,37'8,638
17,828
16,436 abDet>. notes are red 'p a llo r any part, when drawn b y lot at par & int. on any
6 % on investm 't4,230,975 4,116,762 Fed. incom e tax
89,203
123,446 int. date up to and lncl. July 1 1919, a ftor that at 102)4 on 4 week s notice.
M isc. in te re s t.. 168,247
210,765 C orp. exp. & a dj.
V . 99, p. 195. T he oquip. trust as abovo is join t obligation o f tho M etrop .,
T otal ded uc--4,982,981 4,989,004 Northwestern and South Side E lev. cos. and not o f tho Chicago Elevated
Gross incom e.5,313,553 5,706,165
D ed u ct—
___ ____ R ys. T ho Series “ A ” certificates are duo in semi-annual installments from
T o t . int. on bds_4.625.950 4,599,122
N e t................... 330,573
717,161 Feb. 1 1917 to A ug. 1 1926. $102,000 each Feb. 1 and $103,000 each A ug. 1.
T hey are guar, by end. on each certif. b y tho M et. W ist Side S ie v e .. N orth­
O F F IC E R S .— Chairman o f Board ot Directors and P res., H enry A . Blair; western Elov. and the South Side E lov. V . 100, p. 53. Series “ B ’ mature
Vice-Presidents, Seym our M orris and J. E . Wilkie; S ec., F. L . H upp, $110,000 somi-annually from Feb. 1 1927 to F eb. 1 1929.
T reas., M . B . Ordo.— V. 101, p. 129, 212,369; V. 102, p. 250, 344, 1249,
Dividends.— On pref.. Initial d lv.— 1 )4 % — paid D oc. 1 1911. In 1912
1343, 2077.
_______
and 1913, 6 % . In 1914, M arch, 1 H % : Juno, 1>4% . N one since.
E A R N IN G S .— Com bined earnings (Intor-com pany rentals deducted):
C H IC A G O & W E S T T O W N S R A IL W A Y C O .
Gross
Net
Other Interest. Dlvi- Balance.
O R G A N IZ A T IO N .— Incorp. In Illinois in 1913 as a consolidation o f the June 30
Year— Income, Earnings, Income. Taxes, cec. (lends. Surplus,
C ounty T raction C o. and the Suburban R R .
1914-15.$8 !o45?264 S4.174.5 m $117,905 $2.88$.852 *1.105.373 S29S.837
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1913-14- 8,182,861 (Form o f statement changed) 1,164,378
13,229
C om m on, $1,000,000 ($ 1 0 0 )...................................
$1,000,000
Incom e account o f Chicago E lev. R ys. coll, trust for year ending D ec. 31
P ref (cu m ). $1,060,000 ( $ 1 0 0 ) -----6%
1.000,000
1914: Dividends. $1,109,798; int.. $718,251; gross incom e, $1,828,049;
B onds, $750,000, gold , red / 1913
6 g M -S
690,000
1918
at 101........................... _ c * t f lin t , at Harris T r. & S. B k ., C hicago. Trustee deduct int. on notos and debs., $1,316,000; gon. exp ., $33,351; dlvs. on
pref. partic. shares, $480,000; surplus, $4,698.
E A R N IN G S .— For year end. Juno 30 1916, gross, $533,158; net, after
O F F IC E R S .— Pres, o f constituent co s ., Britton I. B udd; S ec., W . V .
taxes, $178,759.
G riffin: C o m p ., Edward A . Brion.
R O A D .— Owns and operates 72 miles o f track, serving the suburbs west
T
R U S T E E S .— Henry A . Blair, Samuel Insull and Sam ’ I M cR ob erts.
ot C hicago.
. „
__
,
E X E C U T IV E C O M M IT T E E — Samuel Insull, W . A . F ox and Henry A .
O F F IC E R S .— P res., W illard M . M cE w en: Sec. & T reas., Charles N .
Hebner; Gen. M g r., F . L . Butler. V . 97, p . 443, 666.
Blair.
G O V E R N IN G C O M M IT T E E .— Samuel Insull. H enry A . Blair. B . I
EVANSTON RAILW AY CO.
............. . .
„
B udd. J. H . Gulick and W . A . F o x .— V . 99, p. 1872 ; X n W o p ' 53, 228,
O R G A N IZ A T IO N .— Incorp. Sept. 20 1913 in Illinois to take over the V . 101, p. 448, 1885, 1968; V. 102, p. 2341; V . 103, p. 320, 578.
lines in E vanston, 111., form erly owned b y the County Traction C o . (now the
(1) M e tro p o lita n W est S id e Elev. R y .— An electric road.
Chicago & W est Tow ns R y.)
F r a n c h is e . — T he com pany was granted a now 20-year franchise.
O R G A N IZ A T IO N .— Organized in Illinois Jan. 16 1899. Successor on
8 T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Feb. 3 1899 (per plan in V . 67, p . 126) to tho R
ailroadC o . sold under fore­
S tock, $500,000 ($100)..........- ....................... —
$500,000 . . .
closure on Jan. 4 1899. Franchise expires April 7 1942.
First m tge bonds, gold ___ c * / 1913
6 g F-A
270,600
1933
STOCK A N D BONDS—
D
a
te.
In
te
rest.
Outstand’g. Maturity,&c•
Redeem at 103 and int____ /I n t . at M erch . Loan & T r. C o .,C h ic., T rus.
---------- S 7 . ) J 0 2 S o e text.
C om m on, $7,500.000----------------------General mortgage bonds---------- -------------------90,300 . . . -----------Seo text.
Pref. 5 % non -c, $9,000,000............................. - - - 8.707,500
B o n d s . — Sinking fund o f 3 % o f outstanding bonds from 1917.
4 g I"-A
10,000.000 Aug 1 1938
First m ortgage, $10,660.600 1898
E A R N IN G S .— For yoars end. June 30:
„
„
„ ,
($1,000). gold ...............c * t f C ent. Trust C o ., N . Y . , and G . Sherman, T r.
Int. at C ent. Trust C o ., N . Y . and C hicago.
Y e a r e n d in g
G ro ss
E x p ., T a xes,
N et
In terB a la n c e ,
4 g J-J
a 5 ,000,000 July 1 1938
J u n e SO—
E a r n in g s . I)ep r.,< !k c.
E a rn s.
es t.
S u r p lu s .
Ext m ortgage, $5,000,000 1901
1915-16............................... $162,816 $117,699 $45,117 $21,542 $23,575
($1,000), gold, red at 105 N orthern Trust C o ., C hicago, Trustee.
1914-15............................... 150,835 107,664
43,171
20,310
22,861
on any Interest day on 4 Interest at com pany’s office in C hicago, or
Central Trust C o ., N ow York.
weeks' notice--------------c* tf
R O A D .— Length o f single track, 10.34 miles. 85-lb. rail. Gauge, 4 ft.
Equipm ent trust’ certificatos— See under Chicago Elovated Railways.
8 H in.




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a $507,000 included in this am ount is held b y C hic. E lev. R ys. coll, trust.
T h e extension m ortgage o f 1901 covers the extension as a first lien,
also 68 cars, a 3,500 h. p . engine and the new down-tow n termiual, tho
bonds also cover the rest o f the property as a second lien, subject to the
$10,000,000 first m tge. V . 72. p. 1080; V . 75, p . 29; V . 86, p. i1160.
lia s guaranteed $498,000 bonds o f Union Consolidated Elovatud.
L A T E S T E A R N IN G S .— See Joint statem ent under C hic. E lev. R ys.
N o s e p a r a te r e p o r ts n o w m a d e f o r th e s u b s id ia r y c o m p a n i e s .

D IV I D E N D S .— For dividend record see “ E lectric R ailw ay” Section for
M a y 1916. D ividends not now rep ortod as all the stock is owned by
Chicago Elevated R ys.
R O A D .— From terminal station at 5th A ve. westerly about 6 H mi lea,
with branches; total length o f road (including Douglas Park branch and
extension and Garfield Park branch), 23.65 miles. M iles o f single track,
ow ned, 45.29; under con tract, 6.53; total operated, 51.82 miles o f track,
exclusive o f 7.77 miles o f side tracks. Standard gauge. Right o f way Is
owned in fee. 286 m otor cars, 284 coaches and 15 miscellaneous.
On M arch 11 1905 the cars o f the Aurora Elgin & Chicago R y . began
operating over this com pany’s lines to the 5th A vo. terminal under a traffic
agreement, the M et. W est Side, in turn, securing the right to the territory
west o f the 52d A ve. terminal on the Garfield Park line as far as tho Des
Plaines R iver, about 3.3 miles o f double track. V . 79, p. 1704.
O F F I C E R S .— P r e s .. B . I . B u d d ;

S e c. & T r e a s ., W . V . G r iffin ;

A u d ..

T B M cR a e: Gen. M g r ., E . O. N oe. O ffice, 72 W est Adam s S t., Chica go.— V . 9 l ! p . 336; V 92. p . 396. 456, 1436; V . 93. p. 469.
(2) N o rth w e s te rn E levated R R .
O R G A N IZ A T IO N .— Incorp. in Illinois. R oad was form ally opened
for business on M a y 31 1900. V . 70, p . 1049. F r a n c h is e s extend beyond
_____
, .
the m aturity o f the bonds.
In Sept. 1901 the Union Elevated R R . was acquired. T he Chicago E le­
vated Rys. provided the cash to take up tho $18,000,000 Northwestern
Elevated 1st 4s which matured Sept. 1 1911.
, ^
...
On A ug. 21 1911 stockholders authorized $25,000,000 1st M . 5s (V . 93,
p . 527). N one o f these bonds sold at the tim e, but In July 1914 $12,500,­
000 were sold (V . 98, p . 1920) to a syndicate o f bankers and subsequently
disposed o f by them .
STOCK A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity •
_____ ______
________
$4,946,400 -----------------Stock 85 000 000
pV efsfk 5 % n -c $25,000,000............
M -3
4,944.400
See text.
5 g M -S
12,500,000 Sept. 1 1941
l s t fM $25,000,000 red as a? 1911
whole at 102 & lnt on 30U11. T r. & Sav. B k ., trusteo. under m tge.
days’ notice ($1.000)- c * t f (Central T r. C o ., N . Y .. trusteo und. sup. M .
E quipm ent n o t e s --------------t f ------6%
*'.?**’•
Equipm ent trust certificates o f 1914— See under Chicago Elevated Railways
T ho 1st M . bonds are an absolute first lien, subj. only to the Union Elev.
R R . 1st M . 5s; also secured by deposit o f $528,O0O Union El. 5s. 'lh o re­
maining $12,500,000 Northwestern bds. m ay bo issued only for cash cost o f
betterments, extensions and a d d ’ns acquired after July l 1914 under certain
conditions. S in k in g fu n d o f 1% outstanding bonds payable annually
^ iV otes1— Kqufpmcnt^notec payable in Installments o f $16,000 N o v . 1 each
year from 1916 to 1918. A m ount was originally $160 000 ,bu t$ 1 1 2.00 0 p aid .
L A T E S T E A R N IN G S .— See join t statement under Chicago E lev . R y s.
N o s e p a r a te r e p o r ts n o w m a d e f o r th e s u b s id ia r y c o m p a n ie s .
D iv i d e n d s . — An Initial d lv. o f 1% was paid on pref. O ct. 18 1909

and 1%
quar. to April 1911; none thereafter to M arch 1912, when 2 % was paid.
D ivs. not now reported, as entire stock is owned by Chicago Electric R ys.
R O A D .— M iles o f single track: Owned. 40.64 m .; operated under con
tract, 16.64 m .; total, 57.28 m . (o f which 7.62 m . side track). R ight o f way
Is all owned in fee except at street crossings.
Under an operating agreement with the Chicago M ilwaukee & St. Paul
Railway C o. made in 1907, this com pany’s service was extended M ay 16
1908 to Evanston over the Evanston Division o f tho former road. Ser­
vice on new track elovation to eliminate grade crossings was com m enced
Jan. 6 1916 on this division. Extension to Wilmette opened April 1912.
A ll track oper. (incl. lo o p ), 61.28 miles. 80-lb. T . rails. 230 m otor cars,
202 coaches and 4 miscellaneous cars.
O F F IC E R S .— Pres.. Britton I . B udd; Sec. & T reas., W . V . Griffin; Gen.
M g r. E . C . N oe; A u d ., T . B . M a cR a o. V . 95, p . 818; V . 98, p . 1920;
V . 99, p . 1131; V . 100, p . 230, 399, 1079. 1350.
(a) U n ion E levated R a ilro a d .
, u -vr
t. „
Is used by all the Chicago elevated roads and Is owned b y Nortnwestern
E levated R R .; receives lA c . for each passenger carried, besides all expenses
for operating, repairs and taxes. F r a n c h is e expires in 1945.
B O N D S __
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
IstM .$5 ,0 0 0,00 0 ,g(Jl,00 0 )cp t 1895
5jg A -0
$4,472,000 O ct 1 1945
I n te r e s t at Chase N at. B a n k .N . Y .,a n d 111. Iru st & bav. Bank, C hicago.
B o n d s . — O f the $5,000,000 bonds issued, So28,000 are deposited as se­
curity for the $12,500,000 Northwestern E lev. 5s.
R O A D .— T he loop Is 2.02 miles In length, double-tracked (80-lb. rails)
and runs on Lake St. to Wabash A v e ., to Van Buren S t., to Fifth A v e ., to
Lake St- R oad opened O ct. 10 1897. Trains o f the Chicago & Oak Park,
M etropolitan West Side, Northwestern Elevated R lt. and South Side
operate over the loop. Northwestern E lev. also owns .15 mile o f double
track from connection with loop at Van Buren & State streets to connection
with South Side E l. R R ., which is leased to tho latter. V . 97, p . 522.

C H IC A G O & O A K P A R K E L EV A T ED R R .
, . . _
.
R e c e iv e r s h ip .— On N ov. 13 1911 Judge Kohlsaat appointed Samuel
Insull receiver for tho R a ilr o a d . V . 93, p. 1386. On D ec. 29 1911 re­
ceiver was authorized to Issue $2,000,000 receiver’s certificates for Im prove­
m ents. V . 93, p. 1785. In Jan. 1912. Francis V. D obbins o f R a h w a y .
N . J ., was appointed receiver for the R a ilw a y C o . V . 94, p. 123.
F o r e c lo s u r e . — Judge Kohlsaat in the U. S. District C ourt at C hicago, on
July 17 1913, ordered the foreclosure sale o f the railroad.
I he am ount
found to b e d u e was $5,080,984. Up to Sept. 15 1916 road h a d n o tb e e n sold.
S a le o f S e c u r itie s .— On June 20 1912 G eo. U . Church bid in for $250,000
the following securities formerly owned by the C hic. & Oak Park E lev. Ry.\
$859,000 Lake St. E lev. R R . 5% Inc. bonds; dem and notes o f C h ic. &
Oak Park Elev. R R . variously dated from April 23 1904 to June 15 1910,
gregatin" $1,989,528; $5,850 Lake St. Elov. R lt. Inc. bonds scrip. A t
■cJeriff’s sale in N ew York on Jan. 20 1912, M r. Church bid in for $2,000
all title o f the R y .C o .in the foregoing bond and notes, also some $473,000
additional notes o f the Railroad C o ., and in certificates for 91,651 17-40shares o f C hic. & Oak Park Elev. R R . V. 94, p. 1763.
T he C hic. & Oak Park Elev. R y . was Incorp. in New Jersey on April 22
1904 to hold the securities o f the Chicago & Oak Park Elevated R a ilr o a d
C o ., form erly the old Lake Street Elevated R R ., reorganized per plan in
V. 77, p. 1874; V . 78. P. 1392. Northwestern Elevated owns 51% o f stock.
F r a n c h is e expires in 1930.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock
_
- - - - - —- - -------$10,000,000 - - - - - - - - - ­
Lake St~Ef 1st M,~$5,000,000, f 1893 5 J-J
4,432.000 July 1 1928
guar by N W E I _________t f 1American Trust & Sav. Bank, C hicago, and
8
1 Central Trust o f Illinois, C h ic., Trustees.
Income m tge, $1,000,000------ --------5%
Jon’nnR -----------------189.000 .....................
Equipment n o t e s ........................................................
Real estate m tgos------------------- --------- -------------6,862 -----------------Receiver’s certfs, $ 2 ,0 0 0 .0 0 0 - .------------------878,000 ----------------B o n d s . — F'irst mortgage bonds assenting to reorganization woro stam ped
subject to call at 105 and int. on any interest date. T ho old Income bonds,
with the exception o f $128,600. are held in treasury o f tho railway com p any .
R O A D .— Owns a double track elevated railway from Fifth Avenue and
Lake Street to 52d St. and Lake S t., with spur down M arket St. to M adison
St. Trains began running around the loop In O ct. 1897. C hicago &
Harlem forms an extension coraorising 4 miles m ore o f double track.
1 otal
single track, 22. 51 miles. 186 passenger cars.
R E P O R T .— For years ending June 30 for R a ilr o a d C o.
1915.
1914.
1913.
1912. _
Passenger earnings_____
$805,676
$834,385
$816,950
$835,505
Other earnings_________
38,006
44,420
74,87
39,918
T otal earnings---------Operating expenses------

$843,682
603,394

$878,805
629.581

$5862,737
633,409

$875,421
011.074

N et earnings-------------Other I n c o m e _________

$240,288
4,362

$249,224
3.714

$229,328
4,313

$264,347
3.515

T otal incom e_________
Fixed charges---------------

$244,650
433.845

$252,938
430,749

$233,641
399,956

$207,862
444,555

$166,315
$176,693
$177,811
$189,195
D eficit...........................
R E C E I V E R .— Samuel Insull.— V. 92, p . 1435; V .9 3 P -4 07 , 660. 939,
1380, 1785; V . 94. p. 123. 206. 278, 1763; V. 97. p. 175; V . 99, p . 9 6 9 ,1 2 1 3 .

UNION CONSOLIDATED ELEVATED R Y.
O R G A N IZ A T IO N .— Formed in 1890 and built-from Union Elevated at
oth Ave. west to Market St.; thence to M etropolitan W . S . E l.; total,
1-5 mile o f track; is operated b y tho M etropolitan West Side El. F r a n c h is e
° XOn°July 7 1914 Judge W lndes In the Circuit C ourt held that State A ttor­
ney H oyne should be prevented from proceeding against the com pany on
the ground o f overcapitalization. See item under caption o f ‘ C hicago
Elevated R ys.” In V. 97, p . 1425. and also see V. 99, p. 199.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock
---— -------$1,000,000
-------Series “ A ” Tst m tge, g o ld ,! 1890 5 g M -N
453,000 N ov 1 1930
gu p & I by M et W 3 E l.c p t f G . Sherman, V .-P . Cen. T r. O p ., N .Y ., T rust
M ortgage $1,000,000. o f w h ich $500,000 series A .
V. 63. p . 1065.
O f the $500,000 Series “ A ” bonds. $453,000 are outstanding (o f which $40.­
000 held by Chicago R ys. C oll. Trust); $45,000 are in treasury and $2,000
^ O F F I C E R S .— Pres., Samuel Insull: V .-P ., Gilbert E . Porter; Sec. and
T rea s., W . V . G riffin.— V . 99, p . 199.

C IN C IN N A T I, O H IO .
C IN C IN N A T I & COLUrtUJUS T R A C T IO N C O .— A trolley road
Union Sav. Bank & Trust C o . o f Cincinnati, trustee
o f both m ortgages, was on April 12 1913 appointed receiver o f com pany,
floods and Inability to meet maturiug bond issues being assigned as the
cause. V. 96, p . 1156. Interest on both mortgages is In default. On
July 6 1916 attorney Richard O. Swing was appointed special com m issioner
to sell tho property under foreclosure. V. 103, p. 665. Salo, it is stated,
will probably take place about Dec. 1 1916.
O R G A N IZ A T IO N .— Incorp. Jan. 21 1903. F r a n c h is e s expire in 1930.
For decision o f U. S. Supreme Court handed down on N ov. 11 1912. hold­
ing that the B. & O. Southwestern and the Norfolk & Western (steam)
(3)
S o u t h S id e E lev. R R .— (“ A lley E lev a ted ” ).— An electric elevatedroads cannot be com pelled to grant physical connection with the com p any,
road.
8ee V . 95, p. 1402.
O R G A N IZ A T IO N .— Successor January 1897 to Chicago & South Side
ST O C K A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
R . T . R R . (foreclosed per plan V . 63, p . 1158). July 31 1900 the A ppellate Com m on, $1,250,000 ($100)....................................
5979.500 .....................
C ourt sustained the validity o f the foreclosure (V . 71, p. 236). and on Feb- Pf 5 % cum $1,250,000 ( $ 1 0 0 ) . ------—
SHS’ARR t" . — 1*7575
21 1902 that decision was concurred in by the State Supreme C ourt. V . 74
First m ortgage. $600,000, J 1905
5 g J-J
600.000 July 1 1913
p. 477. F r a n c h is e expires M arch 26 1938. Leases the Chicago Junction
K0ld ____________________ c* (I n t . at Union Sav. B k. & T r. C o ., C in ..T ru st.
R R ., which see below.
Second m tge notes, $ 2 5 0 ,0 0 0 /-----5%
148,000 Jan 1 1914
tin t, at Union Sav. B k. & T r. C o ., Cincinnati.
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
B o n d s . — T he denominations of the first mortgage bonds are, respectively.
S tock. $10.231.400....... .......... - ____
Q -M
$10,231,400
---------0 $50,000: 30 $5,000: 100 $1,000; and 100 $500. T hey can be called at
First m ortgage. $8,000,000,1 1904
4 ^ g J -J
8,000.000 July 1 192
anv time at par. Bonds originally matured July I 1909 but were extended
gold ($ 1 ,0 0 0 )-......... - _ c * t f ) I n t . at 111. T r. & Sav. Bank. C h ic., Trustee
for 2H years. V . 89. p. 102. 720. On Jan. 1 1912 they were again ex­
Equipm ent trust certfs.— See under Chicago Elevated R ys.
tended 18 months. Second m tge. notes fell due July 1 1912 but wore
B o n d s . — Are subject to call at 105 and interest.
D iv i d e n d s . — See “ Electric R ailw ay” Section for M a y 1916.
Dividends extended for 18 months to Jan. 1 1914.
E A R N IN G S ,— For 12 m os. onding D o c. 31 1915. gross, $132,356; e x­
not now made public, as entire stock is owned b y Chicago Elevateu R ys
$92,398; net, $39,958.
.
R E P O R T .— See join t statement under Chicago E lov. R ys. N o separate penses,
R O A D .— Operates 54 milos o f track between Cincinnati and H illsboro,
reports now made for subsidiary cos.
.
_____ _
.
. put In com plete operation in Fob. 1900. Standard gauge, 70 lb . T rail.
R O A D .— Owns elevated road In operation In Chicago upon a purchased
O F F IC E R S .— Pres., H. H. Hoffm an: V .-P .. Lowis Seasongood; 2d V .-P .
right-of-way from Congress St. to Jackson Park and to Englowood. Elec­
tricity was introduced as m otive power late in April 1898. Operates 430 Harry J. Gibson: Sec., William Tople: T reas.. O . T. G oldberg.— V . 9 4 ­
m otor cars, 52 coaches and 14 misc. cars. On 16.24 miles o f structure has p. 278; V. 95. p . 1402; V . 96, p . 1156; V . 103, p. 665.
a total o f 36.50 miles o f single track main line incl. 6.22 m . leased. Also
CINCINNATI GEORGETOWN & PORTSMOUTH R R .— Steam and
has 9.66 miles o f side-track, making total track 46.16 miles.
O F F IC E R S .— Pres., Britton I. B udd; Sec. & Treas., W . V . Griffin
O R G A N IZ A T IO N .— Formerly a narrow-gauge steam road, but now
A u d ., T . B . M acR ao; Gen. M fg r., E . O. N oe.— V . 88. p. 296. 371; V . 90
operated by both electricity and steam. Under Ohio law remains a steam
p. 304. 367. 373. 978. 1426; V . 92, p . 264, 320, 597, 1437; V. 93. p . 104, 528
road. F r a n c h is e s perpetual. In Sept. 1911 entered into a management
agreement with the Felicity & Bethol R R . and tho Ohio River & Columbus
(a) C h ica g o J u n c tio n R R .—
R R . (a steam road). V. 93. p. 790. On Jan. t 1914. how ever, manage­
O R G A N IZ A T IO N .— Organized In the Interest o f the South Side Elevated ment changed and the Ohio River & Colum bus was again divorced from tho
R R . to build lines to connect that com pany’s track with the Stock Yards. other two roads. Has contracts to supply electric curront for m unicipal
Only a nominal amount o f stock has been issued ($$0,000), which is held in distributing systems o f Georgetown and Bethol, Ohio.
,
, ..
trust for tho South Side Elevated In case that com pany should at any time
F a re D e c i s io n . — On E'eb. 17 1914 the Ohio Supreme C ourt sustained the
wish to absorb it. Is leased to the South Side Elevated for 50 years (with right o f this com pany and the intorurban R y . & Terminal C o . to charge
right to purchase at cost within 20 years), rental being interest on bonds
10 cents from Cincinnati to California (Ohio) and Coney Island (O h io),
taxes, & c. F r a n c h is e s are without limit.
both now form ing part o f Cincinnati. V . 98. p. 010.
STO C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
STOCK A N D BONDS—
Date.
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock
___________________________ _________
See text.
----------------______ $1,500,000 ----------------Stock $1 500 000
- _____ ______
1st m tge, $2,327,000, gold) 1905 4 g M -S
$2,327,000 M ch . 1 1945 l i t m tge. $f;OT0.000. g o ld / 1902
5 g J-J
1,000.000 Jan 1 1932
1$ 1,000). guar p & 1____c* [First Trust & Sav. Bank, C hicago, Trustee.
($1 000)
- -C * [ln t.a t Union Sav. B k.& 'l r .,C in .,1 r.,& in N .Y
B o n d s . — Are subject to call at 105 and lnt.
in event oi consolidation with F e lV B e t h 1st M $100,000, g f 1905 6 g A-O
100,000 Oct 1 1935
South Side E lev., this Issue o f bonds Is to be retired. V . 80, p. 871. Bonds
($1,000). not c a lla b le .--c * (I n t. at Union Sav. B k. & Tr., G in., Trustee.
are guar., p. & 1., b y C hic. June. R ys. & Un. Stk. Y ds. C o. See V . 82, p. 508
R O A D .— Operates 53.7 miles from Cincinnati southeasterly to Russel,
R O A D .— Consists o f an elevated road (from Junction with South Side ville. including branches o f 3.5 m . to Batavia and 1.5 m . to C oney Island.
" L ” at 40th Street) to the Stock Yards, and a loop around the sam e, 3.75 T he Felicity & Bethel has 8.5 m. o f track betweon tho points named In Its
miles. Was com pleted In M a y 1908.
^ O F F I C E R S .— P res., & T reas., Henry A . H algh: V .-P r o s ..W . J. T h om ­
O F F IC E R S .— Pres., John A . Spoor: V .-P . & S ec., n . E . Poronto; Treas
R . B . Thom son; A sst. Treas. & Asst. S ec., J. W . Austin; A u d ., C . C
son; S ec.. A . L . O , H enry; G en. M g r., A . II. Elfnor.— V . 93, p . 229, 790;
Chaco.— V . 87. p. 346.
V . 98, p. 610.




R e c e iv e r s h ip . — The

CINCINNATI
LAWRENCEBURQJ&AURORA ELECTRICSTREET
RR.
— A trolley road.
R e c e iv e r s h ip . — On

June 23 1913 Judge Warner at Cincinnati appointed
F. B . Shutts o f Florida receiver on application o f Pres. J. O. H ooven, who,
it is stated, loaned the com pany $125,000. On Dec. 28 1914 C . E . H ooven
was appointed receiver upon the resignation o f F. B. Shutts. The com pany
suffered damage from the 1913 flood . V . 96, p. 1839.
O R G A N IZ A T IO N .— Incorporated In N o v . 1898. F r a n c h is e s expire In
1924 and 1925.
The Wost End Rapid Transit C o. was incorp. on Sept. 3 1915 in the
intorost o f tho com pany to givo It an entrance into Cincinnati by building
a lino from Anderson’s Ferry to the intersection o f Third and R ace streets
in tho city. A franchise, unlimited in tim e, was granted tho com pany
on April 18 1916.
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on, $750,000.................... ................... ............
$750,000 _________
Pref, 6% cum , $250,000_____ _______
Q-J
58,900 ........................
First m ortgage, $750,000____ / 1899
5 g J-J
750,000 July 11919
($1,000), g old ____________ (interest at Un. Sav. B k. & T r. C o ., C in ., T r.
S T O C K .— Pref. stock was Issued for m oney assessed on capital stock .
N o Interest has been paid.
E A R N IN G S .— For years onding Juno 30:
Y ear—
Gross.
N et.
F ix ed C h a rges.
B a la n ce .
$44,309
$44,644
def. $335
1915-16..................................... $123,468
1 9 1 4 -1 5 --................................. 125,776
47,087
43,824
sur.3.263
R O A D .— Operates 37.89 miles o f track from Anderson’s Ferry, at Cin
clnnati, to Aurora. Harrison and Lawronceburg.
O F F IC E R S .— R ec., C . E . H ooven.— V . 78, p . 2011, 2383; V .9 6 ,p .l8 3 9 .
C I N C I N N A T I M I L F O R D & L O V E LA N D T R A C T I O N CO .
O R G A N I Z A T I O N .— In co rp o ra te d In O h io In Sept. 1902 a n d p u rch a se d
fran ch ises and rights o>f
f th e C fn cln n at M ilfo r d & E aste rn Traction C o .

Interest. Outstanding. Maturity

S T O C K A N D B ON DS—
D a te .
C om m on, $1,000,000 ($100)..............

............
$1,000,000
............
- — ■ --649,425 N o d iv. yet.
First mortgage, $500,000, k ( 1 9 0 5
-------------5 8 J-'J
441,000
July- 1* 1925
($500)..................................c * lln t . at P rov. Sav. B k . & T r. C o .. C in ..T rust.
B o n d s .— Are subject to call at any time at 110.
See V . 81, p. 264.
E a r n in g s .— For year end. Doc. 31 1915, gross, $90,351; net, $8,475.
In 1914, gross, S101.390; net, $13,330.
R O A D .— Operatos 37 miles o f track from Cincinnati to Blanchester.
Gauge, 5 ft. 2 in.; 70-Ib. rails. Enters Cincinnati over the tracks o f the
Cincinnati Traction C o.
O F F IC E R S .— Pres. & Gen. M g r., Ohas. O. Harris; A ud. & Pur. Agt.
R . G . W a r e — V . 81. p . 264; V . 100, p . 53.
b *
-

P r e f, $ 65 0 ,0 0 0 , 5 % c u m .......... - - - -

& M fg. u o ., a creuitor tor »e,ouu, unarms a. Thrasher o f Cleveland and
Charles M . Leslie o f Cincinnati were appointed receivers. The Westinghouso C o. charged that the com pany had defaulted in the paym ent o f in­
terest on its bonds and is insolvent. T he com pany joined in the applica­
tion. See V . 99, p . 969, and 1052.
**
O R G A N IZ A T IO N .— Incorporated In Ohio on N o v . 3 1902 and Is a co n ­
solidation of the Cincinnati & Eastern Electric B y ., the Rapid Railway C o
and the Suburban Traction C o. In July 1907 obtained authority to issue
$1,000,000 pref. stock, of which $900,000 was in exchange for an equal
amount o f 1st mtge. bonds dated 1903. V . 85, p. 221, 469. T ho 1903
bond issue was canceled. In 1908 a new m ortgage m ade, as below.
R a te D e c i s io n . — On N ov . 19 1915 tho Ohio Supremo Court affirmed tho
the decision o f tho Circuit Court o f Hamilton C ounty holding that the com ­
pany is obliged to carry passengers for a 5-cont faro between Pleasant Ridge
and Kennedy Heights and tho business section o f tho city.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding
Alaturitu
C om m on, $2,500,000 ($100)______ _________
$2 500 000
AIa,urttJJ1 000 000 .....................
Pref $1,000,000 ($100) 5 % .........................
First mortgage, $ 1,650,000./ 1908
5 J -j~ ~ '
See text
............ 1998
gold - - - - - - - - - - - - - - - - - 1f 11nt . at Citizens’ Sav. & T r. C o ., Clev. Trus
Bonds.— Only $122,500 o f bonds woro actually Issuo.l, tho remainder
being used as collateral lor loans, but on Feb. 7 1910 tho Citizens'
Savs. * I r ust c .°-' Cleveland, as trustee, sold at foreclosure $1,324,000
$1,300,Goo! dated

“

° f * 6%

$ 1 5 ^ ^ /;nt a j ^ r $ ri5*,085^°net,Oafto^taxes,' $756.9 ^ ' O M “ * * 256‘79* “ *■
R O A D — Extends from Cincinnati to N ow R ichm ond, 22 miles; from
Cincinnati to B ethel, 33 miles (including 9 miles join tly operated with New
R ichm ond line) . and from Cincinnati to Lebanon, 33 miles. Owned track®8e, lncl. second, m ain, sidings, & c., 77 miles. Operated trackage, incl.
traffic arrangement in Cincinnati, 89 miles. Gauge, 5 ft. 214 in. Cars
and^oFlb0 T *rail0ver 4110 tracliS o f tho Cincinnati Traction C o. 70-lb.
O F F IC E R S .— Pres., G eo. II. W orthington; V .-P ., J. M . Hutton- Sec.
r v c - ^ o o ’ ° ’0'i ’0 W illiams.— V . 85, p . 221, 469; V . 86, p. 285; V . 95, p.
1331, V . 99, p. 969, 1052; V . 100, p . 140; V. 102, p. 522.
O H IO T R A C T IO N C O .

nr2.H ?an^lhoT If<? N - ~ I/ic?r? or<? te<l ,n 0 h ,° On-May 22 1905 and owns
ynninoSn.fi r fi re
8,tock .o f t,1Q Cincinnati Trac. C o., the Cinclun,nat ,<5ar °° -* hordes an intorost in the
1 onV
fc£ e.F ln<J ? na^ Wayt°n & Toledo Trac. Co. On July 6
bv^'thlfoin °Tn/J>r„Vvl^<Sri^am w ? r Fac- Co. was assigned to this company
n -h iV '.v im M n r iir ian F ° ’ ia!?u t la lattor company placed in liquidation,
w h lc h ^ n t injo Uquf^atUm.
Pr° ,,erty of the Traction Building C o..
Favorable Tax Decision.— On May 18 1915 tho Ohio Simromo Court rn.
nnF u nKin1fn,!10 Frank! 1n C ounty Circuit C ourt, held that* the
c!f i m ^
a b ,°i r an CiCCi S« ta,f ° P earnlngs derived from securities
o f subsidiary cos., said tax applying only to earnings o f railways from actual
operations. I h o com pany Is however, held liable for a tax on earnings
from other sources than mere investments, such as rentals from buildings.
V. 100. p. 1752.
____ Date. Interest. Outstanding.
Last Div
STOCK—
C om m on, $10,000,000 ($ 10 0 ). 1—
Q-J
$8,655,000 See text.
Pref, $10,000,000, 5 % cu m .....................
Q -F
8,500,000 See text.
First mtge, $2,500,000, g o ld ,/ 1911
fig
2,500,000
1936
sinking fund ($1,000)-------- (in t . at Fidollty Trust C o ., Phila., Trustee.
N otes $1,500.000 ($1,000)------ 1915
6 M -S
1,300.000
See text
S to c k .— Further Issues o f stock can only bo made for acquirement o f
other properties and additions to tho present properties.
B o n d s .— First mtge. covers holdings o f stock o f the Cincinnati Traction
'Jo. and Cincinnati Car C o. owned and controlled by Ohio Trac. and all
otnor Property and franchises exception Traction cos. ownership o f stock In
o . u . & i . ’ir a c . C o. and Cincinnati Zoological C o. Bonds are redeemable
as a whole on and after M ar. 1 1916, or In part for sinking fund on M ar. 1
r a ay ln t- dat0 thereafter at 103 and Int. Sinking fund provides for
M a re,? r nio ? « bonds at m aturity. V . 92, p. 726. A m ount in sinking fund
iq io
T he notes mature Sept. 1 yearly as fo llo w s:
nronnr?B?9,999, 1917 and 1918, $300 000; 1919 and 1920, $350,000; the
proportion o f maturities and accrued Int. to bo provided before divs. are

J^ ‘ B‘ dends.— First div. on pref. stock— 1 VK % — was paid A ug. 1 1905'
d
eferred 0 ^See 1Pres.
}? id qua£
,ncI’ ^°Tr’
div.
was
deferred.
S ch ot0
e pandi
fs letter
in V. 1915102, p.The
437.I(’eb-On1916
C om
., first
oh
l ~ p? ld , ^ ° ' r’ 1 l " 9 - In 191
° c t - 19% - In 1911, July, 1% ;
1 % ’ In0 i o n 1 I 91,?’ ;ranPr11’
Jnly, 1 % ; O ct., 1 % ; D e c!,
1
/o% ln *913, April, 1 % .
N ono Asince.
not"hmonio^^ 687~rnsT ?,car ending D ec. 31 1915, gross lncom o, $734,048;
Ttfnv
I s o . 38’. xed charges, $210,224; dividends (M a y A ug. and
N o v .), $318,750; surplus, $158,763.
O F F IC E R a .— PrM. w . KM iey Schoepf; 1st V .-P ., Chas. P . T aft; 2nd
n t
3,l;d V --P - and S ec.. W aiter A . Draper; A sst. Sec..
T * Fl/y^ppalfl8, Tr™o r*’ W ' } } ' M a c AILsfcer: A u d ., H . L . Sandora; Gen. M gr.,
i x - v T n n V Ts oo95i’ o ^ 8 § : 1473; v - " • P- 948, 1157, 1365; V ,9 7 .p . 50
1505, V . 100, p. 399, 1259, 1752; V . 102, p . 437; V. 103. p . 579, 759.
(1) T h e C in c in n a t i T r a c t io n C o.
,n 0,1,0 on F ob - 19 1901 wlth an auth.
\52 3)00.000 (which, all except 11 shares, Is owned b y the
S e e V 72° p 391 l ° ta^ ° 0ver under lease the Cincinnati Street R y . C o .




D e c i s i o n . — On M a y 18 1915 the Ohio Supreme C ourt, affirming the deci­
sion o f Judge H offheim or in Superior C ourt on D ec. 27 1911. held that
com pany is accountable to city for 6 % o f gross earnings from all traffic
within city limits, including the part o f it retained by interurban roads.
V. 100, p. 1831.
On July 20 1915 tho Ohio Supreme Court, reversing the Hamilton County
Court o f Appeals (which had previously reversed the decision o f the Superior
C ourt), held constitutional the law requiring the consent o f a m ajority o f
abutting property owners to be given before a car line can bo extended or
tracks laid upon a street. V. 101. p. 369.
A t the election hold April 25 1916 the citizens voted in favor o f a $6,000,­
000 bond issue for the construction o f proposed “ Rapid Transit L o o p .”
Valuation.— For reports on valuation o f c o .’s properties as o f April 1
1914, prepared b y the c o ., the P . U. C om m , and the c it y ’s expert In connec­
tion with tho hearings on fare readjustm ent, as provided in the franchise
agreement, see V. 103, p . 578.
NOTES—
D a te . In te re s t.
O u ts ta n d in g
M a tu r ity .
Eq notes“ A ’$200,0 0 0 g ($ l,000) 1908 6 g A -O
$30,000 See text.
Equip notes S e r “ B ” $360,000/ 1910 5 g J-J
144.000 See text.
gold ($1,000).................... c * i l n t . at Fidelity Trust C o .. Phila., T rustee.
Equip notes, Series “ C ,” J 1911
5 g J-J
110,000 See text.
$220,000, gold ($1.000).c * l Fidelity Trust C o ., Philadelphia, Trustee.
Equip notes. Series “ D ,” / 1912 5 g A -O
204.000 See text.
$340,000, gold ($1,000)-C *fF idelity Trust C o .. Philadelphia, Trustee
Equip notes Series “ E ” $200,-1 1914 5 g M -S
150.000
See text
000 gold ($1.000)............c*\Fidelity T r. C o ., P hila.. trustee.
Ser. “ A ” are 1st M .o n 50 new cars. They mature $10,000 every six m os.
from Oct. 1 1908 to April 1 1918, incl. Ser. “ B ” are a 1st M . on 100 new
cars and mature $18,000 every 6 m o s . from Jan. 1 1911 to 1920, incl. V .9 1 ,
p. 154. Series “ C ” notes are 1st m tge. on 50 new cars. T hey mature
$11,000 half-yearly from Jan. 1 1912 to July 1 1921. V . 93, p. 526. Series
“ D ’ are a 1st M . on 76 new cars and mature $17,000 half-yearly from A p r. 1
1913 to O ct. 1 1922, incl. V . 95, p. 889. Series “ E ” covers 60 new double­
truck cars and mature $10,000 somi-annually from A ug. 31 1914 to F eb. 29
1924. V . 98, p . 689. 999.
R E P O R T .— For year ending D ec. 31:
, ^ Y ear—
G ross.
N et.
In t.
T a xes.
R e n ta ls .
S u r p lu s .
1915------------ $5,301,292 $2,544,179 $44,124 $702,338 $1,134,337 S663,380
191 4 - - - - - - - 5,295,324 2,503,189 54,142 695,260 1,134,337 619,450
R O A D .— The Cincin. St. R y . comprises 227.48 miles of track in the city
or Cincinnati, Ohio, extending also to adjoining suburbs. T he last cable
h n ew a s converted to electricity in June 1902. Gauge, 5 ft. 2 34 in.
O F F IC E R S .— Chairman Executive C om m , and Pres., W . Kesley
Schoepf; V ice-P res., Dana Stevens; V ice-P res., W alter A . Draper; S ec.,
D . J. Downing: Treas., W . n. M acAlister; A u d .,
H. L. Sanders:
Gen M g r T . Fitzgerald.— V . 96, p. 1156. 1364, 1488; V . 98, p . 689, 999
V . 100, p . 732, 1831; V . 103, p . 578.
(a) C in c in n a t i S tre e t R a ilw a y .— Electric,
i ' j ? lease<I
Eeb. 21 1901 to the Cincinnati T raction C o . for the unex­
term o f tho franchise granted by the C ity o f Cincinnati on A ug. 13
189b, and all successive renewals and extensions o f the same. T he rental is
intended to provide dividends o f 5 )4 % for the first year, 5 )4 % for the secon
!°r
third and 6 % for the fourth year and thereafter. V . 72,
b - , ! 39- , , o n o n ts e s , it is claimed by com pany, mature April 22 1946.
F a v o ra b le T a x D e c i s io n .— In Juno 1915 the U. S. Circuit Court o f Appeals
at Cincinnati, reversing the lower court, hold that the Governm ent was
obliged to return to the Cincinnati Street R y ., D ayton & Western T rac. Co
Columbus Newark & Zanesville Elec. R y ., Ft. W ayne Van W ert & Lim a
I r a c . C o. and Indiana Columbus & Eastern Trac. C o. about $100 000
collected from these companies under the old Federal corporation tax law.
9 he question at issue was whether these companies carried on business
within the meaning o f the law, having leased their properties to other co r­
porations, and tho only business done by them being to collect and pay out
the rentals under the leases. T he Court held that they transacted business
only incidentally to that o f the lessor companies. V. 101. p. 212.
V a lu a ti o n . — See Cincinnati T rac. C o. a bove and in V . 103, p. 578.
O R G A N IZ A T IO N .— Incorporated June 21 1880 and In 1896 purchased
M t. Adam s & Eden Park and M t . Auburn roads.
S T O C K A N D B O N D S—• P a r .
In terest.
O u ts ta n d in g . L a s t d i v ., A c .
6 Q-J
$18,511,950 See text.
Stock, $20,000,000.................... $50
D iv id e n d s . —T o and including April 1901, 5 % per annum; July 1 and
O ct. 1 1901 and Jan. 1 and April 1 1902, 1.3125% each; July 1 1902, O ct. 1
1902, Jan. 1 1903 and April 1 1903, 1.375% each; July 1 and O ct. 1 1903
and Jan. 1 and April 1 1904. each 1.4375% ; July 1904. 1 H % ; O ct. 1904.
134% . Dividends since have been at the rate o f 6 % per annum and will
so continue to the end o f lease and its renewals.
O F F IC E R S .— Pres., B . L . Kilgour; V .-P ., Edward G oepper; Sec. & .
T r^ V
L J ?e ch t—
83, p. 1523; V . 84, p. 1551; V. 91. p. 1446; V . 97
p . 364; V . 103, p . 578.
(2)
C in c in n a t i & H a m ilton T r a c t io n .— A trolley road.
O R G A N IZ A T IO N .— This com pany was organized in A ug. 190 2 as a
consolidation o f the M ill Creek Valley Street R y . and the Hamilton Glendale
& Cincinnati Traction. V. 75, p. 497. On Sept. 30 1902 was leased to the
Cincinnati Interurban C o. (V . 75, p. 906), but on July 6 1905 lease was
assigned to the Ohio Traction C o. and the Cincinnati Interurban C o. placed
in liquidation. Rental, year end. Sept. 30 1903, $55,000. increasing to
SI00,000 for 1915-16 and thereafter.
On July 9 1914 Judge Sater in the U . S. D lst. Court at Columbus held
invalid tho ordinance passed by tho C ity Council on A pr. 2 ! 1914, providing
for a 5-cent instead o f a 10-cent fare from Cincinnati to Carthage and Hart­
well (see V . 98. p . 1392), and granted an injunction against its enforcem ent.
V . 9J, p. 196.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
L a s t D iv
S to c k .co m , $1,100,000 ($100) . . . .
Q-J
$1,100 000 Oct ’ 16 1%
Stock preferred. $1 lOd.OOOl — _
Q-J
1 100 000 O a ’ 6 .'1 «
($100), 5 % , cum ulative___/
^
D iv id e n d s . — 5% per annum Is being paid on the prer. stock.
T he first
div. on the com . o f J4% was paid Jan 1 1904 and Vs % was again paid on
April 1, July 1 and Oct. I 1904. In 1 9 0 5 ,1 % ; in 1906, 114% : in 1907 2%•
in 1908. 2 % ; in 1909. 2 )4 % ; in 1910. 2>4% ; in l O l l a n d 1 9 1 2 ?3 % ; since!
1% quarterly.
R O A D .— Owns and operates 31.32 miles o f track from the “ Z o o ” in C in­
cinnati to Hamilton and 15 miles from Cincinnati to Lockland. Gauge
5 ft. 234 In. Operates over tracks o f Cincinnati T raction C o . from “ Z o o ”
to Fountain Square in Cincinnati.
O F F IC E R S .— Pres., II H. Hoffm an; V .-P ., B . L . K ilgour; Sec. &
Treas.. A . J. B echt, all o f Cincinnati.— V . 75. p . 290, 497. 906; V .98. p.I3 9 2;
v • yj* p» iy o .

CLEVELAND, OHIO.

CLEVELAND RAILWAY CO.

T he receivers o f tho M u n i c i p a l T r a c tio n C o . having been discharged and
the debts o f that com pany provided f o r . t h o Cleveland R y. C o . on M ar. 1
1910 resumed possession o f its lines under ordinance (see below) o f D ec 1909
V. 90, p. 626. T he lease to M u n i c i p a l T r a c tio n C o . was canceled o f record!
h r a n c h is e O r d in a n c e .— A now franchise ordinance (V . 89, p. 1667) was
passed in D ec. 1909 by the C ity C ouncil, and accepted b y the railway co
based upon the valuation o f the c o ’s property as fixed by Judge T ayler. T he
ordinance grants franchises to operate on existing roads to M a y 1 1934 sub­
ject to tho right o f tho city to purchaso the property. In case o f purchase
the city must pay the capital value o f said property, as fixed b y Sec 16
plus at tho same time 10% o f so much o f tho capital value as is represented
b y capital stock, assuming and agreeing to p a y, in addition thereto, all the
obligations, indebtedness and liabilities o f the c o ., aud all liens other than
bonded debt upon its property then existing, which bonded d ebt the city
shall provide for b y assumption, b y paym ent or b y taking the property
subject thereto, as m ay be provided by law at the tim e. On and after
Jan. 1 1918 the city m ay designate a purchaser or licensee in place o f
the city on paym ent o f same am ount. On Feb. 17 1910 at a referendum elec­
tion the electors ratified the ordinance (V. 89, p. 1667: V. 90. d . 167. 502).
On July 10 1911 C ity Council passed an ordinance amending that o f D ec!
1909 providing, among other things, for additions to capital as required and
particularly for the immediate expenditure o f $2,500,000 for Impts. extens.
and equipt. T h e ordinance also provided that the right o f the city to pro­
pose exten., betterm ’ts or impts. shall terminate whenever the unexpired
term or any renewal thereof is less than 15 years, and also that during such
period the com pany m ay operate at the maximum rate o f fare and fix the
schedules subject to the police power o f the city. Provision is also made for
the use o f surplus earnings during this 15-yr. period, either in the paym ent o f
floating d ebt or the creation o f a s. f. to purchase securities and reduce
capital value. A t a referendum election on N o v . 7 1911, the electors ratified
the ordinance amending that o f D e c. 1909.

In April 1915 secured a new franchise from the city o f Lakew ood, expiring
M a y 1 1934, which provides for a 3-cent fare within city limits and a 5-cent
fare to Cleveland, and gives the city o f Lakewood the right to purchase the
com pany's lines within the city , subject, how ever, to the option o f the city
or Cleveland to purchase the entire proporty o f the com p a n y.
V a lu a ti o n .— Judge T ayler placed the value o f the physical property or the
Cleveland E lec. R y . C o. at $17,511,856 and the franchise value at $3,615,­
844: total, $21,127,700: agreed value o f property purchased from Forest
C ity R y . C o ., $1,805,600: total valdatlon, $22,933,300. T o this is added
$1 158 300 interest or rental accrued, making the entire “ capital value
$24 091.600. T h e bonded debt o f $8,128,000 and floating indebtedness
as o f Jan. 1 1908, $1,288,000, or $9,416,000 in all, is deducted, leaving
$14 675 600. T h e valuation is to bo increased for the purpose o f fixing the
price a t’ which the city or its nom inee m ay purchase the property b y the
am ount o f future requirements, including cost o f new pay-as-you-enter cars
and 75% o f the cost o f remodeling old cars as pay-as-you-enter cars.
F ares.— Under tho ordinance, fare to East Cleveland is same as city fare.
Fare to other suburbs 5c. or 11 tickots for 5 0c., according to contracts.
T he com pany’s schedules and routes are subject to the supervision o f the
city and the rates o f fare to bo fixed so as to not a return o f interest as stated
above on the capital value o f the property and permit o f tho maintenance at
all times o f a so-called interest fund o f at least $500,000. V . 89, p. 1667.
W hen this amount falls to $300,000 this shall be prima facie ovidonco o f
the necessity o f raising the fare to the next higher rate. An experimental
fare o f 3 c., with l c . extra for transfers w ithout rebate, was tried to see ir
It would yield the auth. int. on capital val.— 5 % on bonds, 6 % on floating
debt and capital stock. On June 1 1911 authorities ordered the fare re­
duced to 3c. cash faro, l c . extra for transfer, but the latter to be rebated
when taken up. V . 92, p. 1498: V . 93, p. 1190. On Sept. 1 1914, however,
the one-cent charge for transfers with no rebate on surrender was restored,
as tho interest fund had fallen below tho $300,000 mark. V . 99, p. 608, 342.
On D ec. 14 1912 the Council o f Cleveland passed an ordinance giving the
com pany the right to transport freight within tho city limits In interurban
cars and to charge tho interurban com panies 25c. per car mile.
O R G A N IZ A T IO N .— In 1908 changed nam e rrom the Cleveland E lec­
tric Railway C o. (which had in 1903 taken over the Cleveland C ity R y.)
to Cleveland Railway C o ., and authorized new stock to the am ount o f $35,­
000 000. T h e bid stock o f Cleveland Electric R y . was given a valuation
o f $55 por share, or $12,870,000 (having form erly been $23,400,000) and
was paid for in now stock Issued by Cleveland R ailw ay at par ($100
valuation. T h e Forest C ity R y. (which had first absorbed the Low Fare
R y .) was purchased for $1,805,600 stock o f Cleveland R y ., the shares o f the
Forest C ity R y . being accepted at their par ($100) value.
Early In 1912 made a contract with the Cleveland E lectric Illuminating
C o. for the purchase o f power.
..
„
.
In Feb. 1912 entered into an agreem ent with the N orth Randall R y . to
operate cars over an electric railroad built b y that com pany from the Broad­
way line on M iles A ve. to the N orth Randall race-track and fair grounds,
314 miles. T h e road was placed in operation July 29 1912. T h e N orth
Randall R y . guarantees tho co . against loss. A fter paym ent o f all ex p s., incl.
int. tho surplus earnings are to bo equally divided between tho tw o cos.
P u r c h a s e b y C ity D e f e a t e d .— A t the election held N o v . 2 1915 tho votors
rejected the ordinance authorizing tho city to purchase tho property, issue
and sell bonds and pass a franchise as security therefor. V . 101, p. 1552.
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y Stock $35,000,000 ($100)...........- - Q-J
$26,800,000 O c t '16,114
First m ortgage $35,000,000 g l 1911 5 M -S
5 495,000 M ch 1 1931
.........._ c*tflIn terest in N ew Y ork C ity or Cleveland.
($1 000)
B o n d s .— O f the first m ortgage o f 1911, $15,000,000 auth. m ay be issued for
8 5% o f cash cost o f extensions, betterm ents, & c., and remaining bonds for
50% o f such cash cost, when net earnings for previous 12 m os. shall have
equaled at least tw ice the int. charge, including bonds proposed to be issued.
B onds are red. on any int. date at 105 and int. Citizens’ Savings & Trust
C o ., C leveland, and Bankers Trust C o ., N . Y . , trustees. V . 92, p. 659
R E P O R T .— For calendar year:
C a le n d a r
Y e a r —•

G ro s s

N et

O th er

I n t ., T a xes &

Ject to call after 10 years at 105 and accrued Interest. T he Cleveland
& Southwestern bonds o f 1903 are subject to call at 105 and Int. $1,600,000
o f this issue are reserved to retire certain underlying bonds.
T he Cleveland & Elyria 1st M . 6s o f 1895 fell due M a y 1 1915, but were
extended to A u g. 1 1920. Callable any int. dato on 30 d ays’ notice, as
follows: T o N o v . 1 1916 at 101: in 1917, 1005*; 1918. 100 K ; 1919, 100>*:
thereafter at par and int.
...
. _____ _
„„„
O f the Cleveland Berea Elyria & Oberlin 5s dated M arch 1 1899, $300,000
remain in reserve for the retirement at or before m aturity o f tho divisional
6s to a like am ount. O f the $1,500,000 Cleveland Elyria & Western new
5s, $427,000 are reserved to retire prior liens. T he Ohio Central T ra c. C o .
consol, bonds m ay be called upon 30 days’ notice at 105 and Int.
E A R N IN G S .— F or calendar years:
Y ear—
G ross.
N e t ( a f t . T a x e s ) . O th .I n c .
I n t .,& c .
S u rv lu s.
1915 ..............$1,240,832
$375,788
$1,268
$330,370
$46,686
1914 ................ 1,255,284
439.485
167
328.114
111.538
R O A D .— Operates 209 miles o f track ( o f which 132 miles are on private
right o f way) in and from Cleveland to Berea, E lyria, Oberlin, N orw alk,
M edina. G rafton. W ellington. N orth Amherst. Lorain. Creston. Chippewa,
Lake Seville, W oostor, Linndale, Puritas Springs, G alion, Bucyrus, Crest­
line, M ansfield, Ashland, Nankin, P olk, West Salem, L odi and Lo R o y ,
60 and 70-lb. rails. Standard gaugo. Operates 70 cars. A lso does freight
and oxpress businoss. C om pany owns Puritas Springs and Seccaium Park
and roaches Chippewa Lake. Also owns and oporates electric-lighting
plant in N orw alk.
„
„
T T
O F F IC E R S .— Pres., F . E . M yors; 1st \ .-P ., F. II. Ginn; 2d V .-P ., L . J.
W olf; Sec. & T reas., J. O. W ilson; Gon. M g r., E . F . Schneidor; A uditor,
II. B . Cavanaugh. General office , Cleveland.— V . 98, p. 452, 911; V . 100.
p. 473, 1 16 7 ,1 3 4 8, 1437; V . 102, p . 8 00-

CLEVELANDPAINESVILLE&EASTERN RR.

O R G A N IZ A T IO N , & c.— Incorporated in Ohio on April 25 1895. R oad
com pleted in July 1908. F r a n c h is e s expire from 1920 to 1935. In June
1906 acquired control o f the C lev. Painesv. & Ash. R R . V .82, p.1322, 1379.
In 1913 purchased tho United Light & Power C o . (stock , $100,000
bonds, $100,000).
M a tu r ity .
STOCK A N D BON DS—
D a te .
In terest.
O u ts ta n d in g
Stock. $3,500,000 (par $ 1 0 0 )-- - - - ------­
First m ortgage, $500,000, ( _1896
5 g A-O
50O.0OO O c t 3 * 1 9 1 8
gold ($1,000 e a c h ) .c * .c p t interest at M orton Trust C o. N . Y ., or
Cleveland Trust C o ., C lev .. Trustee.
5 A-O
1,131,000 Oct 1 1918
C onsol, m ort. (closed $1,­ 1898
631,000 ($1,000), g o ld .c p t In t. at Citizens’ Sav. & T r. C o ., C leve.,
Trustee, or Trust C o . o f Am erica, N . Y .
5 g M -N
891,000 M a y 1 1948
R ef and extension m tge, $5,­ 1908
000,000, g old ($ 1 .0 00 )c*cp t Int. at Clevel Trust C o ., Cleveland, Trustee,
, or com pany’s agency in New Y ork.
B o n d s .— $500,000 consols are reserved to retire underlying liens.
T ho
m tge., originally for $2,000,000. was closed at $1,631,000 and the balance
cancoled. O f the refunding and extension bonds, $1,631,000 are resorvod
to retire prior liens, and $2,475,000 aro resorved for future extensions and
Improvements, to bo issued only when net earnings for preceding 12 m onths
have beon not less than 25% in excess o f interest charges on outstanding
bonds. Including those to be Issued. Subjoct to call M a y 1 1938 or on any
interest date thereafter at par and interest on 30 days notice. The 1st
m tge. bonds originally fell duo A pr. 1 1916 but wore oxtendod to O ct. 1 1918.
R O A D .— Owns road from E uclid, Ohio, to Painesvllle and hairport,
24.02 miles (“ M ain Line” ), and uses Cleveland E lectric R y. from Euclid
to Public Square, Cleveland, 10 miles; also owns “ Shore L ino,” extend ng
from YVilloughby to Cleveland (St. Clair A ve. & 110th S t.), 14.89 miles,
and uses tho Cleveland Electric R y . C o .’s track from that point to tho
Public Square, Cleveland, 5 milos. T otal track oporatod (including 4>4
miles o f d oublo), 46J4 miles. W ith the Clove. Painesv. & Ashtabula form s
a continuous lino from Cleveland to Ashtabula. 46 m otor cars and 8 othor
cars. Power-houso is at Painesvillo. Car-liousos at W illoughby, Painosville and N ottingham .
, ^
„ .
B a l., S u r .
R E P O R T .— For years ending D ec. 31 (excl. United Light & Power C o.)

or D eficit
I n c o m e . 6 % D iv id e n d .
E a r n in g s .
E a r n in g s .
1915.................$8,468,481 $2,685,767 $73,832 $2,344,565 sur..$4l5,034
43.334
2,169,256
def.313_L254
1,812,668
1914................ 7.692,343
D iv id e n d s .— First d iv .— 1 H % — under new franchise ordinance o f D ec
1909 paid April 1910 and 1 H % quar. since to and incl. O ct. 1916.
R O A D .— Operates 369.5788 miles o f singlo track, o f which 343.8754
miles are owned. M ostly 82, 95, 103 and 1 4 l-lb . standard; 103-lb. girder
rails. 1,399 passenger cars; 8 other revenue cars and 189 service cars.
O F F IC E R S .— Pres., J. J . Stanley; V .P s ., O . F . E m ery and R . A . Ilarm an: Sec. & T reas., H . J . Davies: A sst. T reas., W m . J . M ead; G en. M gr.
G L R adcliffe; A u d ., T hos. P. K ilfoyle.—
99, p. 815, 969. 1051. 1214
V . 100, p . 473; V . 101, p . 1369, 1552;
102, p . 800

C a le n d a r
Y ear—

G ross
E a r n in g s .

N et
E a r n in g s .

O ther
In com e.

In terest
and T a xes.

B a la n c e ,
S u r p lu s .

1 9 1 5 ....... .......... $404,051
$212,014
$2,978
$159,725
$55,267
1914 _________ 404.492
209.608
4,000
158.041
55.567
T he results o f tho United Light & Powor C o. for 1915, wore, gross, $21.­
116; net, aftor taxes, $9,399.
_
.
.. ,, _ „ _
O F F IC E R S .— Pres., E . W . M oore; V .-P ., II. A . E verett; V .-P . & Gen.
M g r., J. Jordan; T reas.. E . V. Hale; S ec., Fred. S. B orton: Asst. Sec. and
T reas., John P. W itt, Cleveland, Ohio.— V . 94, P. 692: V . 96, p . 359, 553:
V . 98, p . 522, 1315. 1684; V . 100, p. 473; V . 102, p. 885, 1811.
(1) C lev elan d Painesvllle & Ashtabula R R . — A trolloy road. E n ­
tirely over private right o f w ay, except through some o f the villages, where
ira n c h is e s expire in 1927.
. .
A trolley road
O R G A N IZ A T IO N .— Incorporated In Ohio In 1902.
In M a y 1913 stockholders and Ohio P . U. Commissioners approved a
STOCK A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
plan which, in Sept. 1916. was still held In abeyance, providing for: (1) au
S tock. $1,000,000 ( $ 1 0 0 ) - ................
-----t" . — 7-J555
thorizing $2,000,000 6 % cumulative preferred stock to be known as 1st First mortgage $1,000.0001 1902
5 g J-J
1,000,000 July 1 1922
preferred, present issue to be $l,5OO,00O; divs. Q .-J. (N o. 1. July 1 1913)
gold ($ 1 ,0 0 0 )...........c ’ .c p t l Int. at Cleveland Trust C o .. C lo v e .. T ru stee.
R ed on any d iv . date, or upon involuntary liquidation, at 110 and divs.
B o n d s .—-No sinking fund and bonds cannot bo called. See V. 75, p . 549.
or in case o f merger a t 105 and d iv . (2) T h e classification o f the present
R E P O R T .— For years ending D ec. 31:
_ ,
_ ,, ..
pref. stock as 2d pref. (present pref. to be exchanged for new 2d p rof., share
Y e a r s __
G ross.
N et.
O th er I n c . I n t . d c T a ie s .
D eficit.
for share, the holders o f present stock waiving accumulated divs.) and fixing 1 9 1 5 .. - - - $ 1 4 S 868
$51,559
$171
$76,996
$2.1266
the divs. to accumulate thereon at 4 % for 1914, 5 % for 1915 and 6 % for 1914............ 138,749
48.897
110
70.890
2 k 883
1916 and thereafter. (3) Authorizing a m tge. to Citizens Sav. & Trust
R O A D .— Operates 30 miles track between Painesvllle and A shtabula.
C o .? as trustee, to secure an issue o f $25,000,000 5 % bonds dated Feb. 1 Put In full operation on July 30 1904 . 70-lb. T and girder rail used. Track
1913 due Feb. 1 1943. int. F. & A ., and authorize the issue o f $5,103,000 standard gauge. Connects at Palnosville with the Cleveland Painesvllle &
bonds thereunder for the paym ent o f certain o f the bonded and floating Eastern R R . and at Ashtabula with the Pennsylvania & Ohio R y .— V . 82.
d ebt and to retire underlying bonds. See
95, p . 1607;
96, p. 947
p . 1332, 1379; V . 86. p. 337; V . 88, p . 374: V . 92. p . 322; V . 98. p . 386.

V.
V.
CLEVELANDSOUTHWESTERN &COLUMBUS RY.—

V.

V.

^^O R G A N IZ A T I O N .— Incorporated In Ohio on M arch 4 1907 and is a
consolidation o f the Cleveland & Southwestern Traction C o ., the Cleveland
Ashland & M ansfield Traction C o. and the Ohio Central Traction C o . For
terms o f exchange seo V . 83, p . 1590. Also owns the N orwalk Gas &

C LE V E LA N D & EA ST E RN T R A C T I O N C O . — A trolley road.
O R G A N IZ A T IO N .— Incorporated in Ohio on M a y 18 1910 to succeed
the Cleveland & Eastern division (V . 90. p. 1613) o f tho Eastern Ohio Tr a c­
tion C o. per plan in V. 89, p. 1541. 1596.
.
On M a y 3 1915 stockholders voted to amend the charter so as to perm it
E 'ln tJ a n ?1 9 l3 the Elyria Grafton & Southern R y . reduced Its capital stock com pany to engage In electric light and powor business. V . 100, p . 1509.
from $100,000 to $1,000. and the N orwalk Gas & E lec. C o . from $125,000
S T O C K A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
to $1,250. In M arch 1913 the Cleveland Southw. & C ol. reduced the C om m on, $600,000 ($100)........................................
5381,600
—
—authorized am ount o f com m on stock from $7,500,000 to $4,236,000.
Pref. $ 50 0 .0 0 0 ,5 % n-c ($1001. . . . .
------465.865 July 1 6 .1 %
In M a y 1915 the Ohio P . S. C om m , authorized tho com pany to issue Fir3t m ortgage. $1,000,000.7 1910
5 g J-J
763,200 July 1 l®32
$119,875 1st consol. M . 5s at 85 to reimburse treasury for expenditures in
gold ($1.000)___________ c * (I n t . at Guardian Sav. & T r. G o .. C le v .. T rus.
1913 and 1914, and. pending sale to hypothecate them at 65. Bonds are
B o n d s . — Remaining bonds reserved for extensions, &c.
Bonds subject
to call, any or all, on any Int. d a y, at 103 and Int.; began to draw Int. from
held in treasury.
.
,
In O ct. 1915 obtained a 25-year franchise from the C ity o f E lyria, p ro­ and after Jan. I 1912. V . 91. p . 336.
. . .
.
viding for 20-minute city service and 6 tickets for 25c.
D iv i d e n d s . — T he first d iv . on tho proforrod stock— H % — was paid in
In 1916, F eb .. J4% ; A pril, « % :
%• ,
.
STOCK A N D BONDS—
Date. Interest. Outstanding. Maturity. N oEvA. R1915.
N
IN
G
S
.—
For
cal.
year
1915.
gross,
$219,224;
not,
after
taxes,
$4,236,000 .....................
Com m on $4,236,000 ($100)......................................
$77,012; charges. 838.160; surplus, $38,852. In 1914, gross, $211,559.
P ref $2,500,000 5 % cum ($100) - - - - - - - - - - 2 -412 -090
- ------­
First general consol m ortgagel 1907 5 A-O
945,000 April 1 1927 net, after taxes. $71,176: charges. $38,160; balance, $33,016.
R O A D .— Operates 40 miles o f track from Cleveland to C hardon, Burton
$10.000.000'S 1.000)gc*& rcp t)Int. at Cleveland T r. C o ., C lev e.. Trustee.
Cleveland & Elyria first m ort-f 1895 6 Q -F
, 200.000 A ug. 1 1920 and M lddlefield. Ohio. Standard gauge. 60-lb. T rails.
O F F IC E R S .— Pres., H . P . M cIn tosh; V .-P ., H oratio Ford; Sec. and
gage on 18 miles ($500)(Interest at Citizens’ Savings & T rust C o .,
Sublect to ca ll________ c p t ( Cleveland, Trustee,
_.
_ Gen. M g r., R obt. D . B eatty: T reas.. O. A . T aylor. O ffice. 701 E lectric
Elyria & Oberlin first mort-1 1897 6 F-A
100,000 Aug 1 1917 B ld g ., Cleveland, O .— V . 100, p . 1509; V . 101, p . 1627; V . 102, p . 437.
gage on 9 miles ($500) g o ld !•Interest at Cleveland Trust C o ., Trustee.
C L E V E L A N D Y O U N G S T O W N & E AS TE RN R Y . C O .
O R G A N IZ A T IO N .— Incorporated In Ohio on June 1 1906
On M ar . 1
C lev B e r V ly r ^ 'o b e r lin <xmsl 1899 5 g M -S
127,000 M ch . 1 1919
1910 acquired tho Cleve. & Chagrin Falls R y . (incorporated F eb. 18 1910
M $500,000 g ($1,000 each)}Interest at Cleveland Trust C o ., Trustee.
to take over the C lev. & Chag. D iv . o f the East. Ohio T ra c.. sold Feb. 5 10).
Subject to ca ll._______ c p t
On D ec. 16 1914 Judge Estep in tho Com m on Pleas C ourt o f Cuyahoga
1,073,000 A ug. 1 1920
Cleveland Elyria & Western 1900 5 g F-A
ounty at Cleveland, appointed R ob t. I). B oatty (Sec. & Gon. M an . o f
first m ortgage $1,500,000 In t. at C leve. T r. C o ., C lev e., Trustee, or at C
tho
C love. Y . & East. R y .) receiver for tho lino or track lying between tho
N
a
t.
Bank
o
f
Com
m
erce
in
N
.
Y
.
,
M
a
y
be
($1,000) gold ______ c& rcpt
C uyahoga C ounty line and Garrottsvillo, O ., In a suit to foreclose the
called a t 100.
100,000 Jan. 1 1922 $52,000 m tge. o f 1910. having a first lion thereon. T h e operation o f this
Elyria Grafton & Southern 1902 5 g J-J
R y first m ortgage guar­ Interest at Cleveland Trust C o .. Cleveland, portion o f the road was discontinued after D ec. 28 1914 upon C ourt order
Tho lino from Chagrin
Trustee, and E quitable Trust C o ., N . Y . and tho receiver was ordered to soil tho property.
anteed by C E & W ($100,­
Falls to Cleveland was in no way a ffectod. (V . 99, p. 1909.)
Can bo called at par.
........................
000 ($1,000) gold ------ c * c p t
S
T
O
C
K
A
N
D
B
O
N
D
S
—
D
a
t
e
.
I
n
t
e
r
e
s
t
.
O
u
ts ta n d in g .
M a tu r ity .
1900
6
A
-O
110,000
April
1
1920
Norwalk Gas & Electric first
$152,500 ....... .............
m tge. $110,000 ($500). g. Int. at Guardian S. & T r. C o ., Cleveland, Stock, $152,500 ($ 10 0 ).........................
251,900 Jan 1 1930
6 g J-J
C lev & Ch Falls 1st M $ 3 00 .-j 1910
Trustee, or Chase N ational Bank, N . Y .
000 g ($100 & $500) — c*\ Int. at Guardian Sav. & T r. C o .. C le v .. Trus.
Cleveland
S o u th w e s te r n ! 1903” ’ T g 'F - A
M O O.000 Feb 1 1923
B o n d s .— Subj. to call any or all on any int. dato at 102 Vi and in t., $4o,10U
first and consol mortgage! Int. at Guardian Sav. & I r . C o ., Cleveland,
aro in treasury.
$3,000,000($1.000)gc& rcptl Trustee, orf E quitable'Trust C o ., N . Y .
E A R N IN G S .— For cal. year 1915, gross, $85,015; not, after taxes,
Ohio C T rac first m ortgagel 1899
5 g J-D
101,000 Juno 1 1919
closed ($1,000), g o ld c * n tf/I n t . N . Haven T r . C o ., N . H a v., C on n ., Tr. $22,945; charges, $15,114: surplus, $7,831. In 1914. gross, $113,860: net.
.
Ohio Central Traction consol- [ 1903
5 g M -S
299.000 M ar 1 1923 $21,002: charges, $18,119: surplus, $2,883.
R O A D .— Operates 37 milos o f lino between Cleveland and Chagrin I'alls.
ldated mortgage
closed! Int. at Clove. T r. C o ., Cleveland, Trustee, or
Standard gauge. 60 and 70-lb. T rail.
($500). g o l d _______ c * c p t ( at N ational Bank o f C om m erce, N . Y .
O F F IC E R S .— Pros., II. P M cIn tosh; V .-P .. H oratio Ford; Sec. & M gr
B o n d s .— O f the $10,000,000 new bonds, $3,510,000 are reserved for prior
liens and $5,545,000 for extensions, im provem ents, & c. T h ey are sub­ R o b t. D . B eatty; T reas., O . A . T a ylor.— V . 99, p . 1909.




LAKE S H O R E E L E C T R IC RY
O R G A N IZ A T IO N .— The Lake Shore Electric R y . was Incorporated on
Sept. 25 1901 under laws o f Ohio as a consolidation o f the Lorain & C leve­
land R y .. the Sandusky & Interurban R y ., the Sandusky Norwalk & South­
ern R y. and the T olodo Frem ont & Norwalk R R . V . 73, p. 784. A bout
half the road Is built on private right-of-w ay.
Controls the Lorain Street R R . and the Sandusky Frem ont & Southern
R y ., which see below. Also controls tho People's Light & Power C o. and
the Bellevue Illuminating & Power C o. In 1907 mado contract to supply
power to the T oled o Findlay & Fostorla and several other roads. V.85.P1646
In 1910 charter was amended so as to transform the then existing 5%
cum . pref. stock o f $3,000,000 Into $1,000,000 6 % cum . 1st prof, and $2,­
000,000 5% non-cum . 2d pref. stock: V 90, p. 698. A t tho same time
accumulated dividends on the old pref. stock (part o f which had been
Issued later than the rest) were adjusted. V . 90, p. 1170, 1296: V . 91. p.790.
In Jan. 1915 tho articles o f incorporation were amonded to enable the com ­
pany to sell and distribute electricity for light, heat and other purposes
In certain localities.
,
T ho Ohio Utilities C om m , has from time to time authorized the com pany
to sell additional gen. m tge. bonds, aggregating $ 3 .7 ,0 0 0 , which nave
been issued and are held In treasury. On Feb. 10 1915 increased authorized
am ount o f 1st pref. stock from $1,000,000 to $1,500,000.
STO C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
C om m on. $4,500,000 (par $100).................. - - - - S4.500.000 ................ .
1st pfS 1.500.000($ 100)6 % c u m -----Q-J
1.000,000
See text
2d p f $2,000,000($100)5% n-c............
-----2,000.000 N o div. yet
First cons m tge, $4,000,000/ 1903
5 g J-J
1,690.000 Jan 1 1923
($1,000), gold _______ c* tf-jInt. at Citizens Sav. & T r. C o ., Cleveland
[ Trustee, or Trust C o ., o f America, N . Y
General m tge, $ 7 ,0 0 0 ,0 0 0 (1 9 0 3 J , g P - A „
2.255,000 Feb 11933
& T r. C o ., Cleveland
($1,000). gold ..............c * t f Int. at Citizens’ Sav.
'
'
‘
Trustee, or com p a n y’s agency In N . Y .
6 g J-J
750,000 July 1 1927
Lorain & Cleveland 1st, gold 1897
($1,000), $1,000,000------ tf Interest at C itizens’ Sav. & Trust C o.
Cleveland, or com p a n y’s agency in N . Y
5 g J-J
1.500,000 Jan 1 1 9 2 0
T F & N 1st M $1,500,000 g 1900
guar ($500. $1,000) --C * t f [Int. at Union Trust C o .. Detroit. Trustee.
B o n d s .— O f tho $4,000,000 first consols, $2,250,000 are reserved to retire
prior liens: $60,000 have been canceled; $4,000,000 o f the general m ortgage
5 per cents are reserved to retire the first consols and $745,000 (o f which
$377,000 havo been certified b y tho trustee and are In treasury) for exten­
sions and Impts. at 80% or cost. Neither Issue is subj. to call. A s in k in g
fu n d retiring $10,000 o f first consols per annum com m enced Jan. 1 1909 and
runs until 1914
From 1920 to 1922, incl., $30,000 bonds per annum are to
be canceled. T he L . & C . bonds can be called after July 1 1917 at par and
Int. Tho T . F. & N . bonds can be called at 110 and int. on any int. date
upon 90 days’ notice. A s in k in g f u n d on the T . F. & N . bonds o f $10,000
per annum com m enced In 1905 and runs to 1909, 'n cl.; from 1910 to 1914.
$20,000 per ann.; 1915 to 1919, $30,000 per ann.; $239,500 bonds were held
in sinking fund A ug. 31 1916.
L i e n . — T he T . P. & N . bonds are a first Hen on the division between
T oledo and Norwalk; the L . & O . bonds are a first lien on the road between
Cleveland and Lorain; and tho 1st consol, bonds a first lien on all other
lines and also a second m tge. on the divisions noted above.
D iv id e n d s . — Initial d iv . on 1st pref., 1 H % . paid O ct. 1 1910; same
amount quarterly to and including April 1915. July 1915 dividend om itted
(V . 101. P- 4 7). N ono since.
R E P O R T .— For years ending D ec. 31, excluding Lorain Street R R .
Sandusky Frem ont & Southern R y . and light and power com panies. R e ­
port for 1915 in V . 102, p . 1431.
Y ear—
G ross.
N e t ( a f t . T a x .)
O th .I n c .
In terest.
S u r p lu s .
1 9 1 5 ............. $1,097,042
$377,982
$25,000
$336,444
$66,538
416,677
25,000
329,832
111,845
1914 ............. 1,120,328
Earnings for 1915 o f tho People’s L t.& P ow . C o.w ere: Gross, $13,166;
net, after taxes, $5,915: and o f the Bellevue 111. & P ow . C o ., gross, $25,096;
net, after taxes, $12,229.
R O A D .— Operates 172 miles, extending from Cleveland to T oled o and
Sandusky, and from Sandusky to Norwalk; also city lines in Sandusky;
standard gauge; 70 to 100-lb. rails. Through line from C lev. to T oled o was
opened for business about A ug. 26 1902. In addition owns the Sandusky
Fremont & Southern, 20 miles, and the Lorain Street R R ., 24.77 miles,
making a total o f 216.77 miles. 72 passenger, 5 baggage, 17 work and 47
freight cars. T otal, 141.
O F F IC E R S .— Pres., E . W . M oore, Cleveland and N . Y .; V .-P 's ., H . A ,
Everett and W . II. Price, Cleveland; V .-P . and G on. M g r., F . W . C oen,
Sandusky, O .; Sec. & T roas., Jno. P . W itt, Cleveland.— V . 99, p . 1910;
V . 100, I). 474, 733, 1592, 2163; V . 101, p . 47; V . 102, p . 800, 1431.
(1) L ora in S treet R a ilro a d C o .— A trolley road.
O R G A N IZ A T IO N .— Incorporated In Ohio on A ug. 3 1900 and Is a con­
solidation o f the Lorain St. Railway and the A von Beach & Southern R R .
Entire stock and $500,000 new consols owned by the Lake Shore E lec. R y.
Operates on private right-of-w ay except three miles In Lorain and E lyria,
on which fr a n c h is e s run until 1919.
STO C K A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock $2,500,000 ($100)..........- ................... ...........
$2,000,000 .....................
Lorain St R R notes ($1,000,1 1915
6 Q-J
200,000 Jan 1 1918
$500 and $100).................. . / I n t . at Citizens’ Sav. & 'T r. C o ., C lo v ., T rus.
550.000 N o v 1 1949
Lorain St R y 1st M $750,0001 1899 5 g M -N
gold ($1,000)------------- c * .t f /I n t . at G uaranty Trust C o ., N . Y ., Trustee.
First consol m tge $2,000,000/ 1906
5 g J-J
500.000 July 1 1936
gold guar $1,000)------ c * .t fj Int. at Citizens’ Sav. & Trust C o ., Cleveland,
l Trustoo, or A gency In New Y o rk .
B o n d s . — O f the $2,000,000 now bonds, $750,000 are reserved for prior
liens and $760,000 for extensions, & c. T h ey are guar., prin. and Int., by
endorsement by tho Lako Shore E lectric R y . T he notos are secured by
$200,000 Lorain St. R y . consol m tge. 5s (now a first lion) and $100,000 first
consol. 5s o f 1906. T hey are guar., p. & 1. (end.) b y the Lake Shore Elec.
R y . and are callable at par and Int. on any int. date on 15 days' notice.
C onv. into 1st M . 5s upon a basis o f 9 2 or upon adjustm ent o f discount
and interest. Tho notes were issued to retire $200,000 Lorain St. R y . 6 %
bonds duo Jan. 1 1915.
R E P O R T .— For calendar years:
C a l. Y e a r —
G ro s s I n c .
E x p . & T a x . N e t E a r n s . I n t . P a id . B a l . , D e f .
1915 .................$150,152
$104,126
$46,026
$64,500
$18,474
1914 ................. 173.086
116,465
56,621
64.500
7,879
R O A D .— Operates 24.77 miles o f track between E lyria. Lorain and
Beach Park. Standard gaugo. 24 cars. V . 99, p . 1598, 1673; V . 100, p.
2167.
(2) T h e S a n d u sk y F rem on t & S o u th e r n R y .
O R G A N IZ A T IO N .— Incorporated In Ohio In April 1900. Is operated
as part o f main line o f Lake Shore E lectric R y . between Cleveland and
T oled o. Lake Shore E lec. R y . owns entire stock. Private right o f way.
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
S tock, $2,000,000-------------------— Owned b y the Lake Shore E lectric R y .—
First m ortgage, $2,000,000,/ 1906
5 g J-J
$045,000 July 1 1930
gold ($1,000), guar— c * t f ( I n t . at Citizens Sav. & Trust C o ., C lev e.,
I Trustoo, or at A gency In New Y o rk .
B o n d s . — A re guaranteed, prin. and Int., b y endorsement, b y the Lake
Shore Elec. R y .; not subject to call. See V . 83, p . 1099.
R E P O R T .— For calendar years:
C a le n d a r
Y ear—

G ro ss
In com e.

E xp en ses a n d
N et
T a xes.
E a r n in g s .

In terest
P a id .

1915 .......... $76,687
$54,832
$21,855
$32,250
1914.............. 78.505
53,207
25,298
32,250
R O A D .— Operates a line from Sandusky to Frem ont, 20 miles.
— V . 83, p . 97. 1099.

B a la n c e .
D eficit.

10,395
6,952
14 cars.

CLINTON, IOWA.
C L IN T O N S T R E E T R Y .— Operates 18H m . o f track In city o f Clinton.
M ain line fr a n c h is e perpetual: others limited to 25 years from M a r. 1913.
72 to 80-lb. T rail. Stock $1,000,000 ($100). o f which $599,800 is outstand­
ing. Funded debt consists o f $400,000 ($1,000) auth. and out. 5 % 1st M .
bonds (c& r), dated 1906. due M ar. 31 1920, Int. A . & O . at 111. T r. & SavBank, Chicago, trustee. Subject to call at 105. Earnings for 1915, gross,
$178,810: net. $79,326. In 1914, gross, $172,681; net, $79,843.
O F F IC E R S .— Pres., C . H . Y ou ng; V .-P ., R . O . Langan; S e c., A . L .
Schuyler; T reas., O . O . C oan; G en. M g r., Bernard Bohnsen.




COFFEYVILLE, KAN.

THE UNION TRACTION CO.

O R G A N IZ A T IO N .— Incorporated Sept. 28 1906 In Kansas. F r a n c h is e s
expire 1957. R oad Is on private right o f way except In C offeyville, In­
dependence, Cherryvale and Parsons.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
Stock, $500.000------------------- ------------------------- $500,000 See text.
First mtge, $1,000,000, g o ld / 1907
5 J-J
978,000 Jan 1 1937
($1,000). sinking f u n d ., t f l Warren (P a .) Trust C o .. Trustee.
Second m ortgage----------------- t f 1911
6%
100.000 Oct 1 1921
B o n d s . — 1st M . bonds are red. ann. b y lot at 105 and In t., beginning Jan.
1912, through s. f.; $22,000 have been retired. S. f. o f 10% o f net earnings
annually began In 1911. Int. at N at. C ity B k ., N . Y .: Comm ercial N a t.
Bank, C h ic., and Tradesm en’s N at. Bank, Phila. See V . 88. p . 1003.
D iv id e n d s . — 6% is being paid on the stock.
R O A D .— Operates 67 miles o f road, o f which 9J3 m . In C offeyville, 7
miles In Independence and 5 0 H miles o f interurban road between C offey­
ville, Independence, Cherryvale and Parsons. 70-lb. T rails.
O F F IC E R S .— Pres., D H . Slgglns, W arren, P a .; S ec., H . A . Sigglns;
T reas., Sam. Q. Smith.— V . 90, p. 1172; V . 91. p . 590- V . 92. p . 120;
V . 93. p . 591,1727; V . 95, p . 4 9 .1 4 7 4 ; V . 97. p . 1428; V . 99. p . 1750.

COLORADO SPRINGS, COL.
COLORADO SPRINQS & INTERURBAN R Y.
O R G A N IZ A T IO N .— Incorporated in A ug. 1902 as a consolidation o f the
Colorado Springs Rapid Transit R y . and the C olorado Springs & Suburban
R y. T he consolidated com pany has issued $1,500,000 stock, o f which
$500,000 pref. Bonds ($1,000, 5. M .-S .. due Sept. 1932, Central Trust C o .,
N . Y ., trustee) auth., $1,500,000: issued, $1,000,000; $500,000 reserved for
underlying bonds. Other information refused— “ is a close corporation and
has neither stocks nor bonds on the m arket.” Facts below r e la te s o le ly to the
o ld C o lo r a d o S p rin g s R a p id T r a n s it R y.

C o lo r a d o S p rin g s R a p id T ra n s it R y .
S T O C K & B ON DS— M i l e s . D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock (par $100)...................................
..............
$500,000 f .p ..................
1st M , $1,000 each— c p t
1890
6 A -O
338.000 See text.
Consol M . $ 1,000 each. 127
1891
6 g A-O
162.000 Apr 1 1921
for $500,000. g o ld .c p t !
Central Trust C o ., New Y ork, Trustee.
I n te r e s t is payable at Chem ical National B ank, New York C ity.
C o n so lid a te d m o rtg a g e limited to $500,000 by cancellation o f $250,000 o f
Che bonds; $338,000 reserved for 1st m tge. First m tge. bonds matured In
1910 but were not retired, and are held presumably by friends o f the co .
R O A D .— Owns 38 miles o f track.
O F F IC E R S .— Pres., D . H . R ice; V .-P ., W . Lennox; S ec., W m . L lo yd ;
T reas., C . S. Chamberlin.— V . 70, p . 75, 175, 328.

COLUMBIA, S. C.
COLUMBIA RAILW AY, OAS & ELECTRIC CO.
O R G A N IZ A T IO N .— Does the entire street railway, electric lighting,
power and gas business in C olum bia, S. O .— N am e changed from C olum bia
Electric Street R y ., Light & Power to the above on M a y 15 1911. V . 92,
p. 1374. Is a consolidation on July 1 1905 o f the C olum bia Electric St. R y . .
Lt. & P ow . C o . and the C olum bia W ater P ow . C o . T he first-m entioned
was organized in So. C aro. Jan. 6 1892 and was a consolidation o f the C olum ­
bia Elec. & Suburban R y . C o . and the Congaree Gas & Electric C o . A c­
quired the Columbia & Eau Claire Electric R y . Owns all the stock and
bonds o f the Colum bia Gas Light C o ., which Is also leased. Operates under
rights granted by State o f So. C aro, (which owns the city streets), expiring
D ec. 16 1941. Gas fr a n c h is e s granted by State and city franchises covering
all departments are without limit o f tim e.
In June 1912 acquired Parr Shoals P o w e rC o . (stock $2,000,000 c o m ., all
ow ned, and $300,000 p re f.), which on M a y 30 1914 placed In operation Its
new hydro-electric station (present capacity 18,000 h .p .: ultimate capacity
30,000 h .p .) on the Broad R iver, near A lston, 8 . C ., 27H miles northwest
o f C olum bia, supplying the requirements o f the controlling co . (V . 95, p .
1122; V . 98. p. 154. 1844.)
T he 8400,000 Series " B ” notes o f the C ol. R y ., Gas & E lec. Securities
C o . outstanding (auth., $1,000,000), were called for paym ent April 1 1916.
Holders o f $160,000 o f the notes exercised the right to convert them into
an equal par value o f Parr Shoals Power C o . 1st M . 5s and $120 In cash
per note (see V . 101, p. 1370). V. 102, p . 1060.
STOCK AN D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on, $2,000,000 ($100)....................................
$2,000,000 ___________
Pref., $1,000,000, 6 % c u m .T -----Q-J
831.600 O c t.’16. I X
( $ 1 0 0 ) .................................... /
First m ortgage. $ 7,500,000,/ 1911 5 J-J
2.803,000 July 1 1936
gold ($1,000)_________c * t f { I n t . at c o .’s office or at Its agency in N . Y .
[Colum bia T rust C o ., N . Y ., Trustee.
Parr Shoals P pfd stk $300,000 ___
7%
300,600
.............
Parr Shoals P 1st m tge, $ 3 .-/ 1912 5 g A-O
3.000.000 A p r 1 1952
000,000 ($1,000), gold c * t f'C o lu m b ia Trust C o ., Trustee.
Col Canal C o m tg, $200.000t f ____
6%
200.000 See text.
B o n d s . — O f the outstanding first m tge. bonds o f 1911. $60,000 are deposi­
ted to guar. int. on Canal C o . 6s. O f unissued bonds, $200,000 are reserved
to retire Canal C o . bonds and $4,497,000 for Improvements, additions, ac­
quisitions, & c., under certain restrictions. Bonds are subject to call on any
Int. date at 105 and Int. Since July 1 1912 an amount equal to 1 % o f bonds
out must be expended for im pts., & c., against which no bonds may there­
after be Issued, and since D ec. 15 1915 a further 1% for retirement o f
bonds. See V . 93, p. 229. Colum bia Canal C o. bonds mature $100,000
Jan. 1 1918 and $100,000 Jan. 1 1919. Parr Shoals Power bonds are guar.,
p. & 1., by end., b y the C olum bia R y ., Gas & E lec. C o . S in k in g f u n d o f
M o f 1% semi-annually o f bonds out from 1918 to Jan. 1 1952, Incl. T hey
are subj. to call at 105 & Int. on 60 days’ notice. Int. payable In N . Y .
D iv id e n d s .— First d iv. on pref.— 3 % — paid July 1 1906; Jan. 1907, 3 % .
N one to July 1911, when accrued dlvs. were paid up in full; 1 H % paid
quar. since to and Including O ct. 1916.
E A R N IN G S .— For cal. year 1915, gross, $841,560; net, after taxes, Int.
on Parr Shoals bonds and divs. on Parr Shoals pref. stock, $244,863; in t.,
$153,823: surplus, $91,040. In 1914, gross, $764,840 net, after taxes, Int.
on Parr Shoals bonds and divs. on Parr Shoals pref. stock, $340,524; inter­
est, $146,695; surplus, $193,829.
R O A D .— Operates 25.15 miles o f track; 50 cars. Owns 2 power plants
with a total capacity o f abou t 14.000 h. p.
O F F IC E R S .— Pres, and T reas., E . W . R obertson: 1st V .-P ., H enry P ar­
sons; S ec., R . Charlton W right; Gen. M g r., A . W allace.— V . 98, p . 155.
1070. 1844; V . 101, p . 1370; V . 102, p. 975. 1060, 1625.

COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
O R G A N IZ A T IO N .— Incorporated In M aine on F eb. 6 1903 and owns all
the stock o f the Gas Light C o . o f Colum bus; the entire com m on stock
and $121,300 o f the pref. stock (out o f $350,000) o f the Colum bus Power
C o ., and all the stock and $370,000 o f the $423,000 1st cons. M . bonds
o f the Columbus R R . C o .; also owns all the notes o f these com panies and
guarantees the bonds o f the Columbus Power C o . as to principal, sinking
fund and interest. T he above companies d o the entire electric railway and
lighting, gas and power business o f Columbus and vicin ity and the adjoining
towns o f Phoenix and Girard, and a wholesale power business In N ewm an,
H ogansville, Lagrange and W est P oint. F r a n c h is e s perpetual. T he
freight lines are leased to tho Seaboard A ir Line R y . for 50 years from
O ct. 17 1901 at a rental o f $7,500 per annum. $100,000 pref. stock is held
by the Public Service Investm ent C o.
O u ts ta n d in g .
M a tu r ity .
S T O C K A N D B O N D S—
D a te .
In terest.
$1,500,000
C om . $1,500,000 ($100)............................................
1,200,000 July T 6 ,3 %
Pref, 6 % cum , $1,200.000—
---J-J
5 g A-O
758,000 April 1 1933
1st coll M , $1,500,000. gold 1903
($1 0 0 0 ) ...................... c * n tf Int. a t Old C olon y T r. C o ., B oston. Trustee.
6 g J-J
2.000,000 July 1 1917
3-yr notes $2,000,000 gold 1914
($100, $500 & $1,000)— c* Int. at Com m onw ealth T r. C o ., B o st., trust.
_ bus R R 1st m ortgage
_
1898
5 A-O
53,000 Oct 1 1937
Colum
(closed) gold ($ 1 ,0 0 0 )-. t f U n t . at W est End T ru st C o ., P b ila.. Trustee
Colum bus Pow 1st M $4,000,-/ 1906
5 g A -O
2,376,000 A pr 1 1936
000 gold guar_________c .t f l In t. at C om m onw . T r .C o ., B oston, T ru stee.

O H IO E L E C T R IC R A IL W A Y CO
O R G A N IZ A T IO N .— Incorp. M a y 10 1907 in Ohio. On Aug. 31 1907
purchased the Lima A T oledo Traction C o ., which owned the line from Lima
to T oled o, and leased the Lima Elec. R y. A L t. C o . (this co . being pur­
chased on Dee. 31 1909), which operates in the city o f Lim a, and the Ft.
W ayne Van Wert & Lima T ra c., with a line from Luna, O ., to Ft. W ay n e,
Ind. Also acquired b y lease the Indiana C o l. & East. T ra c., which co m ­
pany assigned to it the leases o f C o l. Newark & Zanesville E lec. R y . and
Dayton & Western T rac. On Feb. I 1908 purchased the C ine. Northern
T rac. (subsequently dissolved) and acquired from that com pany its lease
o f Cine. D ay. A T oledo T raction.
Including city lines in Zanesville, N ewark, L im a, Hamilton and other
points, operating mileage is 613.45 miles extending from Zanesville on
the east via Newark to Colum ous (including line from Colum bus to Orient
and Buckeye Lake and Newark to Granville branches), thence through
Springfield to D ayton, and from D ayton to Union C ity, where connection is
m ade with Union T rac. C o. o f Indiana for M u n cie, Anderson and Indianap­
olis, In d ., and from D ayton to R ichm ond, In d ., where connection Is m ade
with T . II. I. & E . T rac. to Indianapolis, extending north from Springfield
through Urbana and Bellefontaine to Lima, and from Lima to Defiance: to
T oled o, O ., and Ft. W ayne. Ind.; also from D ayton to Cincinnati, including
Germantown, M t. Healthy and College Hill branches. Electric light and
power business is conducted in cities o f Zanesville. Lim a and West Alex­
andria and steam-heating plant in Lima
In M ay 1913 was granted authority to Issue $3,500,000 2d m tge. bonds,
provided $5,000,000 o f outstanding stock was retired. This was accord ­
ingly done. V. 90. p. 1365. 1840" V 97, n. 299.
D e f a u l t i n R e n ta l. — A g r e e m e n t. — See Cin. D a y t. & T o l. T r. C o . below .
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
$8,000,000
C om m on. $8,000,000 ( $ 1 0 0 ) - - ____ _________
COLUMBUS, IND.
Preferred, $6,0o0,0o0 5 % non '
3,000.000
See text.
cum ($100)
IN D IA N A P O L IS CO LU M B U S & SO U T H E R N T R A C T IO N C O .
. _
4.200.000 Jan 1 1930
1st A ref. mtge. $15,000,000 ____
1910 _5 ,g J-J
L e a s e . — In D ec 1912 was leased for 999 years to the Inter-State Public
gold ($ 1 ,0 0 0 )---------------- c* Int. at Fidelity Trust C o ., Phila., T ru stee.
Service C o ., a subsidiary o f the M iddle W est Utilities C o ., at a rental o f 5% 2nd
2,497.200 Juno 1 1943
& gen mtge $5,000,000, 1913 5 g J-D
on the capital stock , or $92,OdO a year a bove all taxes. V .9 5 . p . 680. See
gold ($100) ($500) ($1,000) Int. at Fidelity Trust C o ., Phila., T rustee.
Inter-State Public Service C o. in V . 95, p . 1745: V . 96, p . 1157.
Equip notes Series “ A ” $160,- 1910 5 g J-J
64,000. See text.
O R G A N IZ A T IO N .— Formerly the Indianapolis Greenwood & Franklin
000 gold ($ 1 ,0 0 0 )______ c * /I n t . at Fidelity T rust C o ., Phila., Trustee.
R R ., which com pany was incorporated In Indiana in 1895. Name changed
Equip notes Series “ B ’ ’$130,-l 1911 5 g J-J
65.000
See text.
as above in Jan. 1903. In Sept. 1912 Increased its auth. stock to $1,840,000.
000 gold ($ 1 ,0 0 0 )______ c * f l n t . at Fidelity Trust C o .. Phila., Trustee.
luip notes Series ” O ” $120.-\ 1912 5 g J -D
72,000
See text.
ST O C K A N D B O N D S — D a te .
I n terest.
O u ts ta n d in g .
M a t u r it y .
000 gold ($ 1 ,0 0 0 )______ c * jln t . at Fidelity Trust C o . PM la., Trustee.
S tock. $ 1 .8 4 0 .0 0 0 ..-_____ _________
_______
$1,840,000
See text
5 g M -S
75.000
Seo text.
FirLt m ortgage. $1,000,000/ 1903
5 g F-A
932,000 Feb 11923 Equip notes Series “ D ” $ 10 0 ,-/ 1914
000 gold ($1,000)................lin t , at Fidelity Trust C o .. P hila., Trustee.
gold ($1.000)_________c * t f l Int. atC om m ercial Trust C o .. Phila., Trust
S to ck .— Preferred is red. at 105 on 30 days’ notice.
B o n d s .— C annot be called.
$68,000 are reserved for exten. and lmpts.
B o n d s . — $3,250,000 1st A ref. bonds are reserved to retire prior liens
at n ot exceeding $15,000 per mile. See V . 76. p. 654: V . 82, p. 1212.
R O A D .— Operates 62.38 miles o f track between Indianapolis, Franklin ($1,250,000 bonds o f Lima El. R y. A Lt. C o . and $2,000,000 bonds o f
and Colum bus and Seym our, o f which 3.86 miles belong to Ind. T ra c. & Ter. Ft. W ayne Van Wert & Lima T rac. C o .) and $7,550,000 for additions,
Entire issue is subject to call on any interest day
C o . Standard gauge. 60-Ib. T rail. M ostly private right-of-w ay. It betterments, &c.
N o sinking fu n d.
T he
connects with Indianapolis & Louisville E lec. R y .. thus forming a through at 105 and Interest on 60 d iy s ' notice.
2nd
&
gen.
mtge.
issue
Is subj. to call on any Int. date for paym ent In cash
line from Indianapolis to Louisville.
or for substitution o f 1st A ref. mtge. bonds o f 1910 exchangeable at par
O F F IC E R S .— Pres., W m . G . Irwin: V .-P ., L . I . Sweeney: Sec. A T rea s. on 8 weeks’ notice. Bonds to be delivered for purposes o f lm pts., as ap­
Hugh Miller: ail o f C olum bus, Ind.— V . 77. p . 823: V . 78. p . 1446: V . 82
proved b y Public Service Commission o f Ohio or other governmental
p . 928, 1212: V . 86. p . 421: V . 95. p. 680.
authority. N o sk. fd. M ortgage covers rII properties and leasehold
estate, subj. to underlying lien. Series “ A ” equip, notes mature $8,000
seml-ann. com m encing Jan. I 1911. Series
B equip, notes are 1st
mtge. on 26 cars. T hey mature seml-ann. ($7,000 Jan. 1 and $6,000 July l)
COLUMBUS, OHIO.
from Jan. 1 1912 to July 1 1921, Incl. All issues o f equip, notes are gu ar.,
p. & I., b y end. o f Ohio Elec. R y. Series “ C ” equip, notes are 1st m tge.
COLUMBUS RAILW AY, POWER & LIGHT CO.
on 43 cars and mature $6,000 semi-ann. beginning D oc. 1 1912. Series “ D ”
O R G A N IZ A T IO N .— Name changed Feb. 10 1913 from Columbus T rac­ equip, notes mature $5,000 semi-annually beginning Sept. 1 1914.
tion C o. (Incorp D ec. 26 1906 as successor to the Central M arkot St. R y .,
E A R N IN G S .— For cal. year 1915, gross from railway, $3,338,936; light
sold under creditor's bill in Feb. 1906. subject to the $500,000 bonds) and and
power, $364,848: m tsc., $13,873; total, $3,717,657; not, after taxes,
took over tho Colum bus R y C o. and the Columbus Edison C o. as per plan $1,379,822.
In 1914. gross from railway, $3,518,217; light and pow er,
In V . 96, p. 1839. The leases between theso two companies and tho C olum ­
bus R y . & Lt. C o. wero then canceled. Tho Columbus L t.. Ht. & P. C o. was $335,295; m lsc., $16,723: total, $3,870,235: not, aftor taxes, $1,525,419.
O F F IC E R S . — President. VV. Kesley Schoopf; V .-P ., Dana Stevens;
acquired In Jan. 1915 See “ Elec. R y. Section” for Jan. 1915.
Owns and operates the city street railway system o f Columbus and sub­ Secretary and Treasurer. F. A. Healy; General M anager, A. Benham:
urban lines to M a ’ bl<- C liff and W esterville, and the commercial electric light Gen. offices, Interurban B ldg., Springfiold, Ohio. V. 95, p. 237: V. 96,
and power systems o f tho city and vicinity. Also does a hot water heating p . 1365, 1557. 1840; V. 97, p. 299: V. 98. p. 690: V . 102. p . 801.
business. F r a n c h is e s for 20.84 miles o f railway are perpetual: others ex­
(1) C o lu m b u s In te ru r b a n T erm in a l C o .
pire in 1925 and 1926. except certain county franchises covering 16.19 miles
Entire stock owned by Ohio Elec. R y .. which guar, bonds.
which expire from 1916 to 1919. The franchises provldo for 8 tickets for
O
R G A N IZ A T IO N .— Incorp. in Ohio on M a y 24 1910. Owns and
25 cents and universal transfers. T w o o f tho light and power franchises
operates since Jan. 11912 passenger and freight terminal stations In C olu m b .
are perpetual; others expire 1926 to 1928.
S
T
O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
In Jan. 1916 $3,500,000 1st ref. & ext. sinking fund bonds wero sold to
$1,000 _____ ______
*E. W . Clark & C o ., Phila., and Kissel, Kinnieutt & C o ., N . Y ., to take up Stock $10,000 ($ 1 0 0 ).......................... ................
First
mtge
$1,000,000
gold
!
1910
5
g
J
-D
433.000
June
1 1935
$1,200,000 notes and $1,439,000 underlying liens on the power and ligli
($500) guar p & I..............c * /ln t . at Olt. Tr. A Sav. B k .. C olum bus, T rust,
properties, and provide for Im provem ents, extensions, &c. V . 102, p . 521t
B
o
n
d
s
.—
Remaining
bonds
reserved
for
acquisition
o
f
additional
real
ST O C K A N D ON DS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
additional stories on present bldg, and other im pts. N ot subj.
C om m on, $0.080,0.)0......................
..............
$0,041,230 A u g '10. 1 H estate,
to
call.
Prior pref stock $ 3 ,'4 5 .0 0 0 ......... ....
4%
13,000 Oct T 6. 1%
O F F IC E R S .— Pres., D ana Stevens: V .-P ., J . H. Sundmaker; Secretary
" A ” pref, $1,720.000..................................... ..........
1,270.116 Oct ’ 16. 1 4
4,178,125 Aug*16. 1H & T re a s .. F. A . H ealy,— V . 92. p. 1564: V. 93. p. 1532. 1599
■*B” pref. $ 4 ,2 0 0 .0 0 0 .--................................... — 1st ref A ext sink fd M $ 2 5 ,-f 1915
5 g A-O
3,500,000 Oct 1 1940
(2) T h e In d ia n a C o lu m b u s & E astern T r a c t io n C o . —A trolley road.
000.000 g ($ 1 ,000)-.c*tf< In terest in New Y ork. Phila. or Columbus
Leased to the Ohio Electric R y. A ug. 31 1907. Latter com pany guaran­
{
Girard Trust C o .. Phila. Trustee.
• tees Interest on bonds and 5% dlvs. on pref. stock and owns entire com . stk.
C ent M ar 1st m tge. $500.000,i 1902
5 g J-J
372 000 Jan 1 1922
O R G A N IZ A T IO N .— Incorporated In Ohio on April 14 1906 and has a c­
gold ($1.000)______ c * . n t f (Interest at N . Y . Trust C o ., N . Y ., Trustee.
5 g J-J
3,000.000 July 1 1932 quired the Dayton Springfield A Urbana Elec. R y .. the Columbus London
Col St R y 1st. $3,000,000,/ 1892
& Springfield R y.. the Columbus G rove C ity & Southwestern R y ., the
g o ld ________________ c * _ n t fj Interest at E . W . Clark A C o . Philadelphia
IColum bia-Knick. Trust C o ., N . Y .. Trustee. Urbana Bellefontaine & Northern R y ., the Springfield A Western R y .. the
Dayton & Northern Traction C o. and about 12 miles o f the D ayton &
Crosstown 1st m tge, g o ld ,/ 1893
5 g J-D
572.000 Juno 1 1933
Muncie Traction C o ., extending from Greenville to Union C ity on the
($ 1 .0 0 0 ).................... c * . n t f (C olum bla-K nick. Trust C o ., N . Y ., Trustee.
Col R y 1st consol mtge. $7.- 1899
4 Q-J
3.132.000 Oct 1 1939 Indlana-Ohio State line. Has also acquired the Columbus & Lake Michigan
000.000 ($1,000), g. c ’ .n tf Interest at Union Savings Bank A T rust C o. R R ., a steam road operating between Lima and Defiance, which has been
Bonds are redeemable after! o f Cincinnati, Trustee, at E. W . Clark & converted into electricity.
Leases the Dayton A Western Traction C o . and the Colum bus Newark &
Oct 1 1914 at 105 and Int. ( C o .. Philadelphia, or at com pany’s offico. Zanesville
Elec. R y., which latter com pany had previously absorbed the
S to c k . — Tho prior pref. 4 % stock is issuable only In exchange for the
Columbus Buckeye Lake & Newark T raction C o . and the Zanesville R y. L t.
$3,145,000 Colum bus R y . C o. 4 % bonds and is exchangeable any time & Power C o. These leases were assigned to the Ohio Elec. R y . A ug. 31 1907.
prior to O ct. 1 1924 into 1st ref. and ext. sink. fd. 5 % bonds on the basis
The uew general and refunding mortgage bonds were listed on the Phila
o f $850 o f bonds for $1,000 o f stock. As o f Sept. 1 1916 $13,000 stock had delphia Stock Exchango In February 1907. V . 84, p. 339. See description
been issued in exchange for Columbus R y. bonds.
o f bonds, property. A c . . In V . 83. p. 37
B o n d s . — O f the 1st ref. & ext. sinking fund bonds, $6,654,700 are reserved
Favorable T a x D e c i s ii m .— See remarks under Cincinnati Streot R y.
for underlying liens, $41.900 are in treasury and the balance are reserved for
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Im provem ents, extensions, & c., at 85% o f cash cost or fair valuation, which­ C om
_________
$3,025,000 .................
m on. $3,025,000 ($100)_______
ever is less, under conservative restrictions. Callable at 105 and int. on Preferred,
$1,000,000 ($100)..............
5%
1.000.000
See text.
arty lnt. date on 60 days’ notice. Penn. State tax refunded on 60 days' Gen and rof
mtge (see text)',
1906 5g M -N
6.65O.0o0 M ay 1 1926
notice. S in k in g f u n d o f 1% per annum o f bonds outstanding begins
gold ($1.000)___________ c * fln t . at Pa.C o.for Ins.on L.& G .A .,Phlla.,Trus.
O ct. 1 1920. T he Central M arkot bonds are redeemable at any tim e at Col
Lon
&
Spg
1st
mtgo,
Sl.-\
1900
5
g
A-O
500.000 Oct 11920
110 and int. on 60 days’ notice. S in k in g f u n d o f 5% o f gross earnings
500.000.
gold ($ 1 .0 00 )--c*| In t. at N . Y . T rust C o .. Now Y ork , Trustee.
began in 1907. $128,000 held in sinking fund. T he Crosstown St. R y. Day Spg A Urb 1st ratge.l
1898 5g M -N
750.000 N ov 1 1928
m tge. was for $2,000,000 but was closed at $572,000. Columbus R y. C o.
$750,000, gold ($1,0Q0) — /Interest at N .Y . Trust C o ., N . Y .. Trustoe.
m tge. has been closed. $3,428,000 bonds were issued theroundor, o f which
B o n d s .— T he gen. and ref. mtge. was originally for $12,000,000 but auth.
$283,000 were canceled, $13,000 had been exchanged for 4 % prior pref.
amount has been reduced to $10,000,000. O f the remaining bonds $250,­
stock to Sept. 1 1916.
000 are treas. bonds deposited with trustee and are available for extens. &
D iv id e n d s . — An Initial d iv. o f 1 M % was paid on the Series " A ” pref. stock
lmpts. when net earns, are equal to 1 14 times Int. charges on bonds out
April 1 1914; same ratequar.since to and incl. O ct. 1916. On Series " B ” and
to be Issued; $1,250,000 are held to retire tho underlying liens given
Initial d iv. o f 1
paid in M a y 1914 and same rate quar. since to and
table above. The remaining $2,100,000 are reserved for future better­
Incl. A ug. 1.'16. On prio-- pref. initial d iv. o f 1% was paid in O ct. 1915: In
ments, Improvements and extensions, and can only be issued as follows:
same rate quar. since to ana incl. Oct. 1916. On com m on, initial d iv. o f SI .100,000 when net Income Is equal to 1 H timas int. charges on all bonds.
1 34 % was paid in M a y 1914 and same rate quar. since to and incl. A ug. Including those to be issued, and $1,000,000 when net Is equal to twico Int.
charges, incl. Int. on bonds to bo issued. Those bonds are subject to call in
R E P O R T .— F or year ending D ec. 31 (1915 report In V . 103, p. 490):
whole, but not in part, at 105 and Int. T he Colum bus London A Spring­
D ed u c t—
1915. ' 1914.
E a r n in g s —
1915.
1914.
field bonds may be called at 110 and Int. A s in k in g fu n d on these bonds
R a ilw a y ____1$2,039,383 f $2,086.269 Interest, & c_____$476,281 $479,461
o f 5% o f gross earnings began with year ending Sept 30 1906. See V . 71,
40.978 p. 963. $162,000 in sink. Bind July 31 1916. Tho D ay. Springfield A Ur­
P ow , it.. & c - / 1,073,7921
980.029 Rentals...................................
Pref. d ivs., Ser. A 75,978
45.000 bana bonds are subj. to call at 110 and lnt. A s in k , fu n d o f 5% o f gross
do
Ser. B 209.145 199.145 earnings began In 1903. $150,000 in sinking fund July 31 1916.
T o ta l______ $3,113,175 $3,066,298
E xp . & taxes. 1,846.437 1.886.746 C om . dlvs. ( 5 % ) . 302,106 302,106
R O A D .— Columbus to Orient, Columbus through Springfield to D a y ­
ton, Dayton to Union C ity and Richm ond, Ind., Springfield to Lim a,
N et earn’g s.$ l ,266,738 $1,179,552 S urplus....... .......... $203,228 $112,863 through Lima to Defiance, O. Total miles o f track (olectric) owned. 257.2;
Passengers carried in 1915, 76.216,526, against 78,949,559 in 1914.
leased, 138.05: total operated. 395.25. Standard gauge. 5 power houses.
R O A D .& O .— 147.36 miles single track, including 14.21 miles operated 231 cars.
O F F IC E R S .— Pres.. Dana Stevens; V .-P ., J. II. Sundmaker: Sec. and
under contract. 434 passenger, 3 freight and 56 other cars. 5 steam
Treas., F. A. Healy: Asst. Sec. A Asst. T reas.. J. M . Pogue.— V . 85. p.
power stations with 26.330 h. p. capacity.
600: V. 86. p. 721: V. 87. p. 37.
O F F IC E R S .— Pres., Samuel G . M cM eon : V lce-P r., Gen. M gr. A T reas.,
(a) D a y ton & W estern T r a c t io n .— T rolley road.
E. K . Stewart: V ioe-Pr.. C . M . Clark: Sec. and Auditor. P. V. Burlngton:
O R G A N IZ A T IO N .— Incorporated on June 26 1898. Was leased on June
Asst. Sec. & Asst. A u d ., Herbert M . Burington. M anaged b y E. W.
Clark A C o. M g t. C orp .— V. 100, p. 53. 229. 397. 1256, 1509, 1831. 1917; 15 1906 to Ind. Oolum . 4; East. (V . 82, p. 1437). For term s, see below .
F a v o ra b le T a x D e c i s i o n .— See remarks under Cincinnati Stroet R y.
V . 101, p . 523. 923; V . 102, p . 521; V . 103, p. 490.

B o n d s . — T he bonds o f the Colum bus Electric C o. are subject to call as a
whole at 105 & Int. $53,000 are roservod to rotiro a like amount o f C olum ­
bus R R . bonds. An “ Improvement fund” o f 2% per annum o f outstanding
bonds com m enced in 1905. T h e 3-year notes are callable as a whole on any
lnt. day on 60 days’ notice at 101 and int. V . 99, p. 119. The remaining
$370,000 Colum bus R R . 1st M . bonds are owned b y the Colum bus Electric
C o . T he Colum bus Power C o. bonds are callable as a whole (or in part
for sinking fund) at 110 and lnt. on any int. day. A s in k in g f u n d o f 1% o f
bonds out began April 1 1912. $124,000 purchased for sinking fund and
canceled. B onds are guar., p. A i., and s. f . , b y Colum bus E lectric C o .
D iv id e n d s . — First d iv . on pref. stock, 3 % , was paid Jan. 1907: 3 % has
been paid semi-annually since to and Including July 1916.
P R O P E R T Y .— 25.9 miles o f equivalent singlo track, o f which 5 miles
leased to Seaboard A ir Line for 50 years. 56 cars: 2 steam locom otives
(leased to S. A . L. R y .). Standard gauge. Controls hydro-electric plants
with a capacity o f 21,650 k. w ., and a steam plant o f 1,750 k. w. capacity.
E A R N IN G S .— For 12 m onths ending June 30:
,
J u n e 30
G ro ss
N e t. a fter
I n te r e s t
S in k in g &
B a la n c e ,
Y ea r—
E a r n in g s .
T a xes.
C h a rges.
Im p t. F d s.
S u r p lu s .
1 9 1 5 -1 6 ..........$782,754
$450,434
$303,982
S40.160
$106,292
1914-15 .......... 696,498
378,358
305,871
40,160
32,327
O F F IC E R S .— Pres., Charles F. W allace: V .-P ., H arry H . Hunt: Sec..
A lvah K . T od d ; T reas., Henry B . Sawyer: Gen. M g rs.,S ton e& W ebster
M g t. A ssn., B oston.— V. 82. p. 509; V. 83, p . 1590: V. 93, p. 163: V . 99,
p. 119: V . 100, p . 1831; V. 103, p . 320.




ST O C K — «•
D in . P e r i o d . O u ts ta n d 'g . L a s t D iv id e n d .
Com m on, $900,000 (5 1 0 0 )___________
Q-J
5072.500
See text.
Href, 5850.000 (5100) 5% cu m ..............
Q-M
850.000
See text.
D iv id e n d s . — Lease taking effect June 15 1006 provide 1 for 5 % per annum
on pref. stock and 5% on com . stock in 1906 and 1907. 5 t j % in 1908 and
6 % thereafter, but under m odified loaso dated Fob. 7 1010 tho paym ent on
the com . stock was reduced to 3 % . Earnings in oxcoss o f the required
rental payments and 510,000 per annum for additions and botterm ents are
to bo paid to the com m on stockholders up to an additional 3 % per anil. for
1st 5 years. Beginning with the 6th year, tho operating com pany is en­
titled to recoivo, if earned, before paying tho additional 3 % on tho com .
stock, 510,000 per annum as com pensation for operations. As part o f tho
agreement, tho Ohio Electric Ity. surrendered 575,000 D ayt. & W . com . stk.
R O A D .— D ayton , O .. to Richm ond, lu d ., with branch from New West
villo to New Baris, 42.2 miles. At Richmond connection Is made with
Terre JIauto Ind. & East. T ra c., making possible tho operation o f through
cars from Indianapolis, via D ayton , to Columbus, a distance o f 194 milos.
V . 82, p. 1437; V. 83, p . 36, 9-1, 379.
O F F IC E R S .— Bres. and Treas., Valentine Winters; V .-P ., F. A . Funkhouscr; S ec., H enry L oy; Asst. Sec. & Treas., G . A . Funkhouser J r., all
o f D ayton .
(b) C o lu m b u s N ew ark & Z a n esville E lectrl R y . C o .— A trolley road
O R G A N IZ A T IO N .— Incorporated in Ohio on July 2 1902, and In April
1904 absorbed the Newark & Gnuiville Street R y. In June 1906 acquired
the Columbus Buckeye Lake & Newark Traction C o ., the preferred share
holders being given 5500.000 in pref. stock for their holdings. Also took
over tho Zanosv. Ry. Light & Bower C o. and was then leased on June 23
1906 to tho Indiana Colum . & East. T rac. C o. Tor length o f f r a n c h is e and
renewals thereof. Rental is interest on bonds, an amount equal to 6 % on
the preferred stock and 5500 for organization expenses. V. 83, p. 625.
Private right o f way from Newark to Zanesville; f r a n c h is e s on other lines
expire 1925 to 1928. Entire com m on stock is owned by Ohio Elec. R y. C o.
F a v o ra b le T a x D e c i s io n . — See remarks under Cincinnati Street R y .
ST O C K A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r itu .
C om m on, 51,525,000 ($ 1 0 0 )-.................................
$1,525,000 .....................
P f. 6 % cum , 5500.000 (5100)---------- 6 Q-J
500.000 See text.
1st m tge, $2,000,000, goldl 1904 5 g M -S
1.250,000 M ch 1 1924
(51,000) ......... .................c * (I n t . at Colum bia T r. C o ., N . Y ., trustee.
Gen & ref mtge, gold, $ 6.-) 1906 5 g M -N
1,211,000 M ay 1 1926
250,000 (51.000)............c * /I n t . at Girard Trust C o ., Phila., Trustee
O B L & N 1st mtge. 51,500,-1 1901 5 g M -N
1,243,000 N ov 1 1921
0 0 0 ,gold ($1,000)............c*JInt. at C olum bia T r. C o ., N. Y .. trusteo
Zanesville R y, Lt & Pow 1stf 1902 5 g M -S
750,000 M ar 1 1924
cons mortgage, $1,0 00.000{lnt. at Cent. T r. & S. D . C o ., C in e., Trustee.
(5500, $1,000), g o l d - - .. c * t or Trust C o. o f America, New York.
Registrar, Guardian Trust & Safe Deposit C o ., Zanesville, Ohio.
Zanesv Elec 1st intge, $ 3 0 0 ,-f 1899 4 g F-A
250,000 Feb 1 1919
000, gold, subject to call/ Interest at International Trust C o ., Boston,
after 1903, 51.000 e a c h ..c l Trustee.
B o n d s . — O f the 56,250,000 gen. & ref. bonds, 53,493,000 are reserved to
retire prior liens and $1,546,000 for betterments and extensions. T hey are
subject to call after 5 years at 105 and Int. Under terms o f this m tge., none
o f the 5750,000 1st mtge. bonds unissued can now bo Issued. T h e entire
Issue o f C ol. Now. & Zanesv. 1st 5s can bo called at 110 and int. on any int.
date. V, 80, p. 1234. Tho C ol. B uck. L. & N ew. bonds are subject to
call on any Int. date at 110 and Int. on 3 m onths’ notice. Zanosvlllo R y .,
Lt. & Power bonds fell due O ct. 1 1912 but were extended to M ar. 1 1924
$250,000 reserved to retire underlying bonds.
R O A D .— Operates 95.85 miles o f track from Columbus to Zanesville,
including the city lines in Zanesville. Newark and Granvillo and a branch
to Uuckoyo Lake. Operates lighting and power plants In Zanesville
Standard gauge; 60 and 70-lb. T rail and 90-lb. girder. Also owns amuse­
ment park on Buckeye Lake. Owns and operates its Hebron power plant
with its own natural gas.
O F F IC E R S .— Pres., Dana Stevens; V .-P ., J. H . Sundmaker; Sec. and
T reas., F. A . Hoaly.— V. 87. p. 37; V. 95, p. 47. 890, 1039.
(3) Lim a E lectric R a ilw a y & L ig h t.— A trolley road.
Acquired by purchase by Ohio Electric R y . D oc. 31 1909.
O R G A N IZ A T IO N .— Tho com pany is a consolidation com pleted A ug l
1900 o f the Lima Ity. (incorporated N ov . 5 1896) and the Lima Electric
Light & Bower C o. Was leased July 1 1905 to the Lima & T oled o T raction
which loaso was assigned to Ohio Electric R y . A ug. 31 1907.
ST O C K A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r itu
------$5,000 .............
Stock. $5,000 (5 1 0 0 )............ - - - - Lima Railway, first m tge, [ 1898
5 g J-D
75,000 D ec 1 1916
$200,000. gold ($ 500) . . . c * l Int. at Citizons’ Savings & Trust C o .. Clove
l Trustee; also at Fourth N at. Bank N Y
Lima Elec Lt & Power, g o ld ,( 1900
5 g J-D
5,000 J u n e 'l 1917
1st M , $85,000 ($1, 000) -c * lI n t . at Cleveland Trust C o ., O leve., Trustee
2d consol mortgage, $850,000,1 1902 5 g A-O
350,000 Apr l 1925
gold (5 1.0 00 )-- . . . . . — c * lin t , at Fidelity Trust C o ., Buffalo, Trustee
Lima Elec Ry & Light, ref( 1905
5 g M -S
820.000 Sept 1 1925
mortgage. 51.250.000, g o ld lln t. at Girard T r. C o ., Phila., P a.; Trustee ’

well as on the railway. Cannot bo called before m aturity, 5430,000 refunding bonds are reserved to retiro prior liens.
R O A D .— Owns 10.91 miles o f track, alsoasteam -hoating plant (franchise
perpetual, operated In connection with tho electric-lighting plant)
rv»„
tract ordinance for city lighting expires April 1919.
^ on
O F F IC E R S .— Pres., Dana Stevens: V .-P s.,
T rea s., F. A . Healy, Springfield, O hio.— V. 81,
3“ - *
(4)
F ort W ay n e V an W ert & Lim a T r a c t io n C o . — A trolley ro a d .
O R G A N IZ A T IO N .— On M ar. 1 1906 was leased, until expiration o f fran­
chises and renewals thereof, to Lima & T oledo Traction C o ., which guaran
teed the Interest. V. 82, p. 691. Lease was assigned to Ohio Electric Rv
Aug. 31 1907. The latter com pany owns all tho com m on stock. Incorpor­
ated in Indiana and Ohio. Road is entiroly on private right-of-w ay oxceot
In towns, whore it has 25 or 50-year franchises.
F a v o ra b le T a x D e c i s io n . — See remarks under Cincinnati Street R y .
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r itu
51.000,000 ____
C om m on, $1,000,000 (5100)...................................
Pref, $1,0 00 ,6 0 0 ,5 % n -c($ 100) .............................
1.000,000 __
5 a /- J
1.470,000 July 1*1930
First mtgo, $2,000,000. g o ld / 1905
guaranteed ($1.000)____c*\Int. at Fide.ity Trust C o .. Phila., T rustee.
B o n d s — O f the 52,000.000 bonds. $530,000 aro reserved for extension!.'
and Improvements
V. 82, p. 691. Are not subject to call.
R O A D .— 64.7 miles o f electric track from Ft. W ayne via New Haven
M onroeville, Van W ert. M lddlopolnt, Delphos and Elida to Lim a. C o m ­
menced com plete operation N ov. 15 1905. Connects at Ft. W ayne with
the F t. W ayne & N or. Ind. Trac. and at Lima with the Ohio Elec. R y
and forms part o f through line from Ft. W ayne to T oledo, D ayton and
Columbus. Standard gauge, 70-lb. T rails.
O F F IC E R S .— Pres., Dana Stevens; V .-P .. j . h . Sundmaker; Sec. and
Treas., F. A . Healy.— V. 82, p . 691, 804; V. 83, p . 37.
(8) C i n c i n n a t i D a y to n & T o le d o T r a c t i o n C o .— Trolley road
Leased to the Ohio Electric R y . C o .; see terms below
O R G A N IZ A T IO N .— Incorporated in Ohio on M a y 19 1902 and Is a eon
solidatlon of the Southern Ohio Traction C o ., thoy Cincinnati & North
western R y ., the Mlamisburg & Germantown Traction C o and the Ilam hfo ? 25 to 50nyears 1 ^ TranS’ C o ’ V ’ 7 4 ’ p ’ 884- 1037. F r a n c h is e s are
L e a s e . — Was leased to the Cincinnati N orthern Traction C o M ay 1 1905
for length o f franchise and ronewals thoreof. Lease transferred to Ohio
Electric Ity. C o. Feb. 1 1908. After the Ohio
was on
Juno 23 1913, by agreement with Ohio Electric R y. m odified (seo V Oft
p. 1556, 1839) to provide for payments as follows: («) June 24 1913 $92 noo:
(b ) for years ending June 30, respectively; 1913-14, 5266 500- ’ 1914-15
$266,500; 1915-16.3276,500; 1916-17, $286,500: 191^-18, $296 500 1918­
19, 5306,500; 1919-20, 5316.500; 1920-21, 5326,500; 1921-22 5346 500­
1922-23 and thoroafter, 5366,500 yearly. D ivs. on any pref. stock that may
bo Issued beyond the $250,000 outstanding at time o f agreement aro to be In
addition to theso paym ents. Lessee also pays $1,000 per annum for




[ lessor’s organization expenses and another $ 1,000 per annum to be invested
b y lessor to meet future expenses. Seo romarks below.
Under modified agreement o f lease o f June 23 1913. outstanding com m on
stock was reduced in N ov. 1914 from 55.000.000 to 32,000.000— the Ohio
Elec. R y. surrendering the $1,000,000 held by it and the other shares
being exchanged tw o for one. V. 99, p. 1597.
R en ta l a n d I n t e r e s t D e f a u l t e d .— T he Ohio Electric R y . having been unable
to m eet tho installment o f rental due D ec. 24 1915 under the lease, tha
int. clue Jan. 1 1916 on tho 52.700,000 O . D . & T . 1st cons. 5s. $250,000
* rac:
5s and 5400,000 C m . & H am. Elec. 1st 6s was defaulted
(V . 102, p. 152). Subsequently the com m ittee for tho C . D . & T . 1st
cons. 5s entered into an agreement by which tho Ohio E lectric R y . paid
into a trust fund sufficient cash to pay tho int. duo Jan. 1 1916 on the D ay­
ton Trac. 5s and the C m . & Ham. Elec. 6s, and the accrued int. on all under­
lying bonds up to Fob. 1 1916. The Ohio Elec. R y. also agreed to deposit
m onthly, beginning Fob. 1 1916, the earns, o f tho O. D . & T . lass oper
oxp s., making no charge for management. As part o f this arrangement the
directors o f the C. D . & r . agreed not to tako any action toward annulling
the loaso for at least 6 m os. V. 102, p. 800. T ho Ohio E lectric R y C o
Is seeking an arrangement b y which the rental w ould be reduced.
R e c e iv e r s h ip . — On July 1 1916 form er Judgo B enton S. Oppenhoimer was
appointed receiver to collect the rentals payable b y the Ohio Elec. R y .
V. 103, p. 406.
C o m m itte e f o r C . D . A T . ls( C o n s . 5 s .— Leo J. Van L ahr, James M .
H utton, Claude Ashbrook, Edgar Friedlander and O tto Arm leder. D e ­
positary, Provident Sav. Bank & Trust C o ., C incinnati. F or statem ent bv
com m ittee, see V. 102, p. 436. Seo also V. 102, p. 800.
C o m m itte e f o r C i n e . A H a m . E le c , lsl 6s.— W . S. Hayden and E . V . H a le,
with Gardner A b b o tt, Sec., 1215 W illiamson B ld g., Cleveland. D eposi­
tary, Citizens’ Sav. & T r. C o ., Cleveland. C om m ittee has arranged to a d ­
vance as a loan to depositing bondholders tho am ount o f the unpaid cou pon s.
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it u
C om m on, $2,000,000 ( 5 1 0 0 ) - . ____
J-J
$2,000,000 See text
Pref, $250,000, 5 % c u m ($ 1 0 0 )____
J-J
250,000 See text.
Cin D ay &
T ol T r gen & ref/ 1914
5 g
A-O See text O ct
m tge 57,500,000 gold no sk{Interest at Fidelity Trust C o ., Philadelfund (31.000)_____________ I phia, trustee.
Cincin Day & T ol 1st cons M ./ 1902
5 g J-J
2.700,000 July 1 1922
$5,000,000, g ($ 1 ,0 0 0 )..c*\Interest at Cleveland Trust C o ., Trustee.
Southern Ohio T rac 1st co n s/ 1900
5 g M -N
1,350,000 M ay 1 1920
$2,000,000 ($1,000), goldc*] Int. at Cleveland Trust C o ., Trustee, or at
__
„
I Standard Trust C o .. New York.
Cin & Ham Elec !st g ($500) 1898
6 g J-J
400.000 July 1 1918
3500,000,
not subj to c a l l ., lin t , at CIt. Sav. & T r. C o ., O leve., Trustee.
Da, ^ 0/?™Tr^ction lst M - 8/ 1896
5 g J-J
250.000 July 1 1916
(31,000) , int guar------- c * l l n t . at Finance C o o f P enn., Phila., Trustee.
na/ n
T ranl 1901
5 g J-D
250,000 July 1 1922
$ 2<>0,000, g ( $ 1 ,-}Interest at Cleveland Trust C o ., Trustee.
nnm
(% 5 0 d r 1901
5 8 J-D
50,000 July 1 1922
000), gold ($1,000)-------- c* (ln te re s t at Cincinnati Trust C o .f Trustee
n n n f the
subject to call except the gen. ref. 5s o f 1914••>00,000 gen- & ref. 5s o f 1914, 55.000,000 are reserved for prior
L1™3
110 rem afiing $2,500,000 areheld by the trusteofor future im pts.,
“ C- N one outstanding at pr«»ent. R ed. at par in whole or in part on any
t t ’ da,t,e ^nJhn 8
9n9i P 159L , ° f ( he *5.000,000 Cin. D ay. & T ol. Trac.
Issue, 32.300,000 is reserved to retire prior liens. See V. 81. p. 154.
.9 ^ 5 ^ $2,000,000 South. Ohio T raction bonds, $650,000 are reserved to
ffiSrS £ lnT\ *
Electric bonds and D ayton T raction bonds. Issue
sted on I hiladelphia Stock Exchange. A t the tim e o f going to press ardueSJulyn iS m o to^M ay 1f
th° S250’000 D ayton Tractlon
r,iirl}e H£ m - & Lind. EIec- Tran, and M iam lsb. & Germ , bonds originally
mV-Lw
t i ’
but arrangements were made at that time to extend
S g “ *9 dlj'y 1 1922. V. 93 p. 1386. 1387. Annual s in k in g f u n d o f 5% on
Lind, bonds began D ec. 1 1906, increasing 1 % each year up to 1911.
$51,000 in sinking fund July 31. 1916.
D iv id e n d s . — 5 % per annum paid on pref. stock up to and incl. July 1 1914none since. On com m on, under m odified lease, divs. were suspended until
year beginning July 1 1915, when ' A % was to have been paid, this increasing
4 % annually until the year beginning July 1 1921 (after a dividend rate o f
oV o had boon reached), when the increase was to have been 1 % per annum
until 5% was reached in the year beginning July 1 1922. N o dividends
havo been paid, how ever, owing to default in rental b y Ohio E lectric R y.
R O A D .— Owns 70 59 miles o f electric track, connecting Cincinnati with
D ayton , Inch Germantown. Mr. Healthy and College Hill branches- also
including the H am ilton C ity lines. Carries freight and express.
’
O F F IC E R S .— Pros., Theobald Felss; V .-P ., O . H. Rembold- V - P
W . A . Draper; Sec. & Treas.. F. A . Healy: Asst. Sec. & Asst.’ T re a s’
r,V,J -.P owninfL aI1 o f Cincinnati.— V . 98, p. 838; V. 99, p. 1597; V . 101 n
448; V . 102, p. 65. 152, 436, 800; V . 10$. p. 60, 406.
P*
COLU M BU S D E L A W A R E & M A R IO N R Y .— A holding com pany
R e c e iv e r s h ip . — Appointm ent o f Ell M . West as receiver was affirm ed
by the Circuit Court at Columbus in all respects.
Int. duo Aug. 1912 was paid in Feb. 1913: subsequent coupons have been
paid six months after they matured. Aug. 1916 int. will probably he paid

P e r s o n a l J u d g m e n t. — On M ay 13 1912 the C ourt o f C om m on Pleas o f
Green C o. gave a Judgment (affirmed M ar. 23 1915 by Ohio Supreme C ourt
— V . 100. p. 1078) to Receiver W est against John G . W ebb for $1 055 931
as balance duo In suit brought for an accounting. V . 94, p. 1448. ’
’
D e c i s i o n . — For decision holding that com pany is not liable for Its guar­
anty o f prin. and int. o f the 3500,000 bonds o f tho old C ol. M arion & B u cyrus R g ., see V . 101, p. 1713.
On A pr. 28 1913 Judge Kinkead auth. receiver’s notes for $25,000 to Day
for repairs necessitated by damage done by floods. T he notes will be
givon preference in claims against the receiver. V . 96, p. 1296.
On Dec. 8 1914 the Ohio Supremo C ourt, It is reported, affirmed the deci­
sion o f the Franklin C ounty Comm on Pleas and Appellate courts which
awarded N ewton C . Catrow o f M iamlsburg judgm ent for $72,963 against
the com pany. See V. 99. p. 1832.
against
On July 3 1915 Judge Kinkead refused to authorize the issuance o f $150 000 receiver’s certificates to take up receiver’s notes, bring deferred bond
int. up to due date and pay tho preferred claims against the com pany.
In M a y 1916 tho receiver was auth. to issue 5105,000 receiver’s certifi­
cates to meet c o .’s share o f cost o f street paving. V . 102. p. 1625, 1718.
O R G A N IZ A T IO N .— Incorporated In Ohio in Oct. 1904 and owns the
entire capital stocks o f the Columbus Delaware & Marlon Electric R R (Si 000.000), the Marlon R y .. Lt. & Power C o. ($300,000) and the C olu m bia
Northern R y ., Power & Equipment C o . ($300,000).
ST O C K A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it u •
C om m on. $2,100,000 ($100)....................................
.. .
52.100.000
...
’ref “ A ,” 6% cum . $500,000-...............................
500.000 .................
Pref " B . " 1-6% cum , 5400,000 .........................
400.000 ..........
First ref mtge. $2,500,000,/ 1904
5 g F-A
___„ „ „Aug
u. 1. 1944
la „ ,
920.000
gold ($500 & $1.000)------ c * )I n t . at Bankers’ Trust C o ., N . Y .. Trustee
R eceiver's notes______ _____ 1913
_
55.000
R eceiver’s certfs ($105,000).......................................... N otissu ed ..............
S to ck . — The pref. ’ ’A " and p r e f . “ B ” shares were created tn 1908 (V 86
. . 1284), and dividends on both are cumulative: but those on the ‘‘ B•^
shares are entitled to only 1 % the first year, with an additional 1% for each
year thereafter until 6 % is reached.
*
cn
B o n d s . — O f the new ref. m tge., $1,580,000 are reserved to retire the bonds
o f the C ol. N or. R y ., P . A: E. C o ., the Marlon R y ., L t. & P . C o and the
O. D . & M . E le c . R R .
u. ana ine
E A R N IN G S .— For year ending June 30:
Y ear—
G ross.
E xp en ses.
N et.
In t. A Tax.
S u r n lu *
1 91 5 -1 6 ......... $490,305
82Y8,896
$211,409
$159,563
$ 5 ?8 4 6
1914-15 .......... 479,710
295,335
184.375
155.262
29,113
O F F IC E R S .— A ud. for R eceiver, W . H . D avidson; Pres., H. G . C atrow
S ec., E. II. Turner; Supt. for Receiver, J. H. Lahrm er.— V . 100 n 1078
1437, 2009; V. 101. p. 129. 1013, 1713: V . 102. p . 1625, 1718.
'

(1) Colum bus Delaware & Marion Electric RR.
Interest duo N o v . 1 1912 was paid M a y 1 1913; subsequent coupons have
been pakHj mos. aftor they m atured. M a y 1916 Int. will probably be paid

1 19

O R G A N IZ A T IO N .— Incorporated in 1901.
O u ts ta n d in g .
M a t u r it y .
B O N D S—
D a te .
In terest.
Isr'm ortT , *1.000.000. g o ld / 1901
5 g M -N
S I ,000,000 M a v 1 1921
(SI 000)
___c * (I n t . at Cle\ /and lru st G o., Cleveland.
w
' ............
| Trustee, or N a t. Bank o f C om m , n N . Y .
B o n d s . — See V . 75, p . 76.
.
R O A D .— Operates an electric railway (of which 33 miles over private
right o f way) from Columbus to M arion, passing, through I ranklin, Dela­
ware and M arion counties. A lso 4 miles in t h d c it y or Delaware, a total
o f 57 miles. V . 80. p . 117; V . 91, p . 945; V. 93, p . 1190.
(2) C o lu m b u s N o rth e rn R y. P ow er & E q u ip m en t C o.
O R G A N IZ A T IO N .— Incorporated in Ohio on O ct. 24 1904 to erect a
power house at Delaware ana sub-stations to supply electricity Jor.
3
and heat. Receiver o f C ol. D el. & M arion R y . was authorized to borrow
m oney to pay Interest due Sept. I 1909. V . 89, p. 592. Interest since
then was paid to Sopt. 1913. The M arch 1914 couponi and^subsequent
coupons wero paid 3 m onths after they m atured. Sopt. 1J1C coupon will
probably be paid D ec. 1 1916.
BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
1st m ortgage, *300,000, g o ld / 1904
5 g M -S
*245,000 Sept 1 1934
(* 1 ,0 0 0 )_________________ c (I n t . at G uaranty Trust C o ., N . Y ., Trustee
(3) M arlon R a ilw a y , L ig h t & P ow er C o.
O R G A N IZ A T IO N .— Incorporated in Ohio on June 24 1903 and Is a
consolidation o f the M arion Street Railway C o. and the Marlon Electric
Light & Power C o. Jan. 1914 and subsequent coupons wore paid six
months after they m atured. July 1916 int. will probably bo paid Jan. 1 17.
BON DS—
1st m tge, gold ($1,000)— c

D a te .

In terest.

O u ts ta n d in g .

M a t u r it y .

1904
5 g J-J
*300,000 July 1 1924
J n t . at Guaranty Trust C o ., N . Y ., Trustee.
B o n d s . — N o sinking fund and bonds cannot be called.
R O A D .— 4 miles o f track in M arion . Standard gauge. 60 and 70-lb. rail

C O LU M B U S N EW A L B A N Y & JO H N S T O W N T R A C T IO N C O .— A
trolley road.
O R G A N IZ A T IO N .— Incorporated in Ohio on M a y 4 1899. In M ay
1905 canceled old m tge. for *200,000 and made the now mortgage in table
below . V . 80, p . 2399. F r a n c h is e s are for 25 years.
M a tu r ity .
O u ts ta n d in g .
D a te .
In terest.
STOCK A N D BONDS—
*200,000
C o m m on , *400,000 (* 100) — - -----200.000
Preferred, 6 % cum , * 2 0 0 , 0 0 0 /-----First1°m tgeV S450,bbo"," gold ! 1905
5 g J-J
n p ° nn i T r u s t e e 5
(*500 and *1 .0 0 0)..........n t flP r o v . Sav. Bank & Tr. C o ., C in e., lru stee.
R E P O R T .— For year ending Juno 30 1916, gross, * 4 0 ,0 2 7 ; net p rofits,
*13,219; taxes and m isc., *3,210; net gain from operation, *10,009.
R O A D .— Operates 8.8 miles o f track from Colum bus to Gahanna, includ­
ing perpetual lease o f 2.7 miles o f tracks o f the Columbus R y. as terminal,
gauge, 5 ft. 2 in.; 65-lb. T rail — V. 82, p . 1211; V . 91, p . 1160. 1629, V. 92.
p. 1032. 1498.
_______
S C IO T O V A L L E Y T R A C T IO N C O — Third rail.
O R G A N IZ A T IO N .— Incorporated in Ohio with a perpetual charter in
1904. Built on private right o f w ay. F r a n c h is e s extend beyond maturity
o f 1st m tge. bonSs. In 1908 canceled * 2.000.000 m tge. o f 1903 and made
new m tge. for *4,000,000, which see below. Stockholders voted Sept. 22
1908. authorizing *500.000 new 5 % f i r s t preferred stock, which ranks
ahead o f old preferred stock (V . 8 7 •p . 481 and 615) •
. , ■
In A pr. 1916 the Ohio P . U . C om m . auth. the issuance o f the remaining
*200,000 5 % 1st pref. stock to acquiro the entire stock o f tho Colum bus
D epot C o ., which was incorporated in 1912 in the interest o f the com pany
to build a terminal in C olum bus. V . 102, p . 1626.
STOCK A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
C om m on. *1,800.000 (*100)--------------------- - - - - M .800,000
---­
1st pref, *500,000, 5 % cum -------------Q-J
. 600.000 July 1 6 , 1 H
Pref,, n* 1 ,200.OOO, 6% c u m | -----Q1st^mortV." S4*,666,000, g o ld / 1908
6 M -S
1 ,551,000 Sept 1 1923
(*1 000)
_____ c * t f lin t, at Harris T r. & Sav. B k .,C h lc.. Trustee.
B o n d s . — Additional 1st M . bonds can only be issued for 75% o f cash ex­
penditures, and for permanent extensions and additions to property, and
only when net earnings are tw ice tho int. charge on outstandin„ bonds and
thoso to bo issued. Bonds have a sinfcing fund o f 1% per ann. on bonds out
1913 to 1917; thereafter 2% per ann. *49.000 have been retired. I hey are
not subject to call. Seo particulars, bonds, property , & c., in V . 8 7 , p. 679.
D iv i d e n d s .— Dividends on old issue of pref. stock were to accrue from
O ct. 1 1905, but amounts due Jan. 1 1906 and April 1 1906 were reilnqulshed
by shareholders, and 1st d lv. (1 >4 % ) was paid July 1906 and i f i A O ct.
1906 (V . 82, p. 1440); in 1907 and sinco, 5 % per annum.
f
j
S
‘. D ips. S u r p lu s .
«474 453
$213 801
$101,975
$7o,396
$35,430
i l i l i i f : : : : S463: i l i
195:111
98:664
75,000
21.440
r o a d __Onerates 72 miles o f track from Colum bus to Lancaster and
from Columbus to Chillicothe. Is operated by third-rail system . Standard
gauge 70-lb. T rail. W ithin city limits o f C olum bus, com pany operates
ovct tracks o f Colum bus R y .. P ow . & L t. C o . under oper. agreement.
O F F IC E R S .— Pres, and M g r., Frank A . D .a,vl^i J
«7 £*481”
Edwin R . Sharp; S ec., A . O . M oorhaus, S upt., C . Skinner.— V . 87, p . 481,
615, 679; V . 91, p. 871; V . 102, p . 1437, 1626.

101^ 1ft

CONCORD, N. H.
r n N C n P O S T R F F T R A IL W A Y .— A trolley road extending from tne
c e S S f f ^ ? o f ConcoTd'l o PenacSok. C o m g ise d 12.71 m llM o ft r a c k
In June 1901 control passed to the Boston & M aine R R .. and In 1903 the
New Hampshire Legislature authorized the C oncord & M ontreal R U ..
which is leased to tho Boston & M aine, to purchase the property and to
Issue stock and bonds to pay therefor.

COOPERSTOWN, N. Y.
SO U T H E R N N EW Y O R K P O W E R ,& R A IL W A Y C O R P O R A T IO N .
O R G A N I Z A T I O N — Incorp. in July 1909 as the Otsego & Herkimer
R lt ., succeeding tho Oneonta & M ohaw k Valley R R .
TsTamp ohanered to abovo in July 1916. Stock issued, $ 547,000. Itonus,
.^ -yea r 5 % Sa f ) ; dated 1912; auth., *2,500,000 outstanding, *1,200.000.
In April 1916 tho N . Y . Public Sorvlce Comm ission authorized the com panyPto issuo *250,000 additional bonds at n o t less than 80 to discharge
and refund *84,000 notes held b y tho Equitable Trust C o ., N . Y m and
floating debt. V . 102, p. 1541. N ewly auth. bonds not Incl. in amount
outstanding.
E A R N IN G S .— For yoar ending Juno 30 1916, gross, *264,470; net, after
taxes, *86,077. In 1914-15, gross, *272,634; not, after taxes, *80,221.
R O A D .— Operates 62.04 miles main and 6.47 miles second track between
Onoonta, C ooperstow n, R ichfield Springs and M ohaw k, from which p oint
it operates over the N . Y . State lly s . t o U tic a , 15.10 miles and to Herkimer,
1.40 miles. Total operated, 85.01 miles. Rails 60 to 90 lbs.; 22 passenger
and 21 freight cars; 1 locom otive; 16 service cars.
O F F IC E R S .— P res., Jos. B . M ayer; V .-P . & G en. M g r., C . L . Stono;
S ec., James L . D o Rosset.— V . 102, p . 1812.

CORNING, N. Y.
C O R N IN Q & P A IN T E D P O S T S T R E E T R Y — A trolley road.
O R G A N IZ A T IO N .— Incorporated D ec. 11. 1894. Com m enced opera­
tion N o v . 1 1895. Control changed hands in 1904. V . 80, p . 162.
STOCK A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
SfrM'k *100 000 ($100)
____
________
$100,000 1905-06,4%
le t m ortgage, $100,000-------- 7 1896
5 J-J
100,000 Jan 1 1916
1 Interest at Beacon Trust C o ., B oston.
E A R N I N G S — For year ending Juno 30 1916, gross, *6 i ,081; not, after
taxes, *823; other incom o, *679; in t., rents, & c., $10,220; deficit, *8,718.
R O A D .— Owns 5.9 miles o f track from Corning to Painted Post; 19 cars.




O F F IC E R S .— Pres., J. L . Greatsinger, Elm ira, N . Y .; S ec., K . V.
D ougherty, N ew York; T reas., D . W . B igoney. N ew York; C o m p t., O .
P . Craw ford, Now Y o rk .— V . 80. p . 62.

CORTLAND, N. Y.
C O R T L A N D C O U N T Y T R A C T IO N .— T rolley.
O R G A N I Z A T I O N — Is a reorganization on June 22 1901 o f the Cortland
& Homer T raction, sold at foreclosure on A pr. 23 1901. In June 1905 a b ­
sorbed tho Cortland & Homer Electric C o ., previously controlled
On
July 1 1915 was furnishing 240 arc and 27 ornamental lights to. fcbe eitios or
Homer and Cortland and also light to tho public. Carries coal and freight
as well as passengers.
'
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, com . $320,000 (* 1 0 0 )-- — —
4'g A - O
$ 180.OOO April 1*1921
First| m tge, $180,000 ($500). I“
y S a v . B k ^ & T r . C o -.^ c r a n to n ^ P a ..
K

......................................

I

Can be called on 6 m onths' notice.

N‘ #50 T lS d aI!'0 O 0 “ '00° ; - I
B o n d s .—

prior liens.

T r. S M
f
; Db|e „
o.05.000 dun„T M 0 6 7

By

O f the *500,000 Issue o f 1905. *180,000 are reserved to retire
They are subject to call at 105.

R O A D .— Operates 16-18 miles o f track (not including sidings and turn­

outs) between Cortland, H om er, Littlo York and Ire b le , and between
Cortland and McGravvvllle
Has 33 cars.
E A R N IN G S .— For fiscal years ending Juno 30 1916, gross. $88,405; not,
after taxes, *27,340; other incom e, *35,186; b on d , & c., interest, *29,172,
surplus, *33,354.
O F F IC E R S .— Pros., Edwin D u ffoy; V .-P s ., D . W . Van Hooson and
E . H Brewer; S ec., H . A . Dickenson; Treas. & Gen. M g r., G . II. Garrison.
— V . 81. p. 507.
|U|________

COVINGTON, KY.
C IN C IN N A T I N E W P O R T & C O V IN Q T O N L IG H T & T R A C T IO N
C O .— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r th e law s o f N ew Jor.s° y °P
M a rch 11 1902 and pu rch ased all th e s to c k o f th e U nion L igh t, H e a t &
P ow er C o . o f C o v in g to n aud o f th e C in cin n a ti N e w p o r t & C o v in g to n R a il ­
w ay.
V. 74, p . 576. T h e latter was organ ized In 1892 to buy up a n d con­
s o lid a te all th e roads on th e K e n tu c k y side o f th e riv e r o p p o s ite C in c in n a ti.
Lease ..— T he Union Lt.. fit. & Power C o. and the Cine. Newp & C o v .
R y. (both controlled through stock ownership bv the Cine. N ew p. & C o v .
Lt & T r.) were leased from A pr. 1 1907 to Columbia Gas & Electric C o .
(Incorporated in Ohio) for 45 years. T ho lessee guarantees Interest on
bonds and 1)4% per annum on preferred stock. <
<
to be 3 % for first year, increasing X % each year until 6 % is reached, which
is to be the rate thereafter. See V. 84, p. 449, 930; also^ terms in V 84, p .
1489 under Colum bia Gas & E lectric. Under agreement ratified In July
1915 for refunding o f Union L t., l i t . & P . C o.'s>4% bonds, tho exts. and
add'ns to that com pany's proporty are to be paid for b y the Issuo o f now
50-year 5 % bonds (soe below) instead o f by sale o f stock o f the Cincinnati
com pany as provided under the old agreement. \ . 101. p. 6J4.
roOQ i„
T he controlled Cincinnati C ovington & Erianger St. R y ., wb*9b was P”
corp. Sept. 1899 with *250,000 stock (shares *50), to build an ° xt ° 9slon to
Erlangor, 7Ji miles (about 3 miles com pleted) has also been leased to the

C0Onmju1noC25S 19 14 'company auth. $200,000 1st M . bonds to cover cost o f
tho i l t h St. bridgo botween C ovington and N ow port, which was com pleted
^ F n i n c l i i s e ^ D e c i s i o n s .—

On O ct. 19 1914 and N o v 17 1915 Juclgo Cochran
in the U. S. District C ourt held that the franchise granted b y the C ity
o f C ovington in 1882 to the South C ovington & Cincinnati Street R y .
w is in effect perpetual. See V . 99* p . 1214. On Jan. o 191o tno U . S.
Supremo C ourt declared void , as an unlawful interference with Inter­
State com m erco, the section o f ,tb 0 C ovington street railway ordinance
relating to overcrow ding. See dotails in V . 100, p. 139. A t a special
election hold M arch 9 1915 the voters o f C incinnati rejected by a m ajority
o f 8,903 out o f a total vote o f 56.423 the
ear franchise p a n t e d by
the Cincinnati C ity Council on Jan. 9 1915- In July 1916 the city or
N ew port grantod a new 20-year franchise which will bo submitted to tho
people at the election In N ovem ber 1916.
, ..
,
,
R e fu n d in g .— On July 28 1915 tho shareholders approved tho pUn for rofunding the Union L t., l i t . & Pow . C o. 4 % bonds duo M a y 1 1918 (*1,608.000 outstanding) at or before m aturity b y a now ls s u o o fS o ,000.000 6 0-yr.
5% bonds, as proposed by the Colum bia Gas & Electric C o. 1
wifi bo used to take up the present issuo and
additional f o u n t s will be
put out each year as are necessary to pay f o r P i 1?hnnds at or'before
Colum bia Gas & El. C o. guarantees a sink. fd. to rotire all bonds at or borore
m aturity. V . 101, p . 694. As o f Sept. 1 1916, *200,600 or tno now nonus
had been issuod.
,,
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r itu .
Q-J
*5,000.000 July 16,1)4
Com m on, *5.000.000 ($100)..............
Prof, 4 )4 % non-cum , *5.-\
4.500.000 J u ly ’ 16.1 X
4 )4 Q-J
000,000 (* 1 0 0 )--.................. /
So^ov& ^ln^cons fd *500.000/_1892

6

Jl JBank ^ T r ^ C o

C

.5 . W .

tru ste e 932

HS ? ^ J .1® fe a :::‘0SS?wSIS D*°ksI«;&°xSu’/7ii7
T

S

W

_ r

7 7 5 0 000

($1,000 each)____________ cl Farmers Loan & Trust C o ., N . Y ., lru ste e .
U n io n L ig h t, U e a t & Power Cm—
^ g M .N
1,608,000 M a y 1 1918
1st m tge *2 000 000, gold! Int. at N a t. Bank o f Com m erco, N . Y .; First
(5100 *500 & *1,000)-c& rl N ational Bank, Cincinnati, or a t German
\ N ational Bank, C ovington.
N ew mtge (*5,000,000)............ 1915
5%
200,600
1965
Licking1 R iv e r^ B ^ C o 1st M l 1914

5 M -S

185.000

1939

o f 1892 o f the O N . & O . R y .,
*250.000 are deposited with tbe trustee to retire all the UI?^^r*Ylng inortgfiKe
bonds
T ho perpetual charters o f constituent companies are kept alive,
and their capital stocks are deposited with the trusteoas c o lla t M a l^ r t h o
first consols. Interest on those bonds is payablo at tho National Bank o f
Com m erce, New Y ork, First National Bank, Cincinnati, and Oerman N a t.
Bank C ovington . T h o Union L ight, H eat & Power C o. bonds can be
callecf at 110 and int. For refunding o f these bonds see remarks a bove.
Licking River bonds are guaranteed b y Colum bia Gas & E lec. C o . and the
South CoVington & Cincinnati St. R y .
D IV ID E N D S .— On preferred 4 )4 % is being paid. On c°™ I/1(?,97 sto9^
first dividend o f M % was paid July 15 1907 and X % O ct. 15 1907. In
1908 3 X % ; in 1909, 3 X % : in 1910, 4 ) 4 % ; In 1911. 4 X % ; In 1912. 5 X % .
In 1 9 1 3 ?5 X % ; in 1914 and since, 6 % per annum.
B ^ d ’^ S t V h ^ f t r s ^ ^ o U d a U d b o n d s

Ludlow. T otal in operation, 68 miles; laid with 80-lb.
and 72-lb. “ T " rails.
_
O F F IC E R S .— Pres., Jamos C . Ernst; V .-P s ., James M .
ford P . G arvey; Sec. & T reas., Goorgo M . A b b o tt. V.
V . 100, p. 139, 397; V . 101, p. 448, 694.

Johnston girder
_ ..
.
H utton and C lif­
J9, p . 608, 1211,

DALLAS, TEXAS.
DA L L A S E L E C T R I C C O M P A N Y .— T rolley.
O R G A N I Z A T I O N — T ho Dallas Electric C o . was Incorp. In M aine on
M ay 3 1913 with *7,000.000 auth. cap . stock. M a r^ incorporation o f Dallas
Electric Corporation (Incorp. in Now Jersey in 1902). V. Jo, p.
Does an electric railway and eloctric-liKhtinpj and power business in I alias
b y ^ r t u ^ o V ^ e ownership o f securitias o f certain local com panies,
c h ise s o f subsidiary companies expire in 1922.
See V. 84 p. lo 7 . t or uoClSAlso0nowC
nC
sU?he enure ^ p R a l l t o c k o f the Dallas JnteVurban Terminal
Association which has constructed a m odern fireproof eight-story passengor
terminal and office building in tho buslnoss district o f Dallas.
Ih o term !-

Dividends.— In 1896-97, 4% : In 1897-98, 4% : in 1898-99, 2% ; in 1899­
n a l fa cilities h a v e been leased fo r 20 ye a rs t o th e three in te n ir b a n lines en ­
100. 1 X % : in 1900-01, 1H % ; in 1901-02, 3% ; in 1902-03, 3%
.. : in
terin g D a lla s. T h e term in al w as o p e n e d fo r s e rv ice S ep t. 1 1916.
F o r d ecision e n jo in in g th e e n fo rce m e n t o f th e o r d in a n c e passed a t th e 1903-04, 1)4% : 1907 to 1911. incl., 4% ann.; in 1912, Jan., 2% ; none
sp oclal referen d u m electio n o n A p r il 2 1912, p r o v id in g fo r th e sale o f 7 since.
tic k e ts fo r 25 cen ts an d fo r o n ly 3 -c e n t fares w horo p a ssen gers h a v e t o sta n d
R O A D .— T r o lle y ro a d in D a n b u r y , a n d fro m D a n b u r y t o B e th e l, an d to
see V . 9 5 , p . 113, 1472. 1541; V . 9 6 , p . 1772; V . 9 8 . p . 839.
L a k e K e n o sia , 15.031 m iles in all: s id in g s, & c ., 1.044 m iles; t o t a l, 16.075
O ption .— T h e U n ited E le c tr ic S ecurities G o . o f B o s to n has s ccu ro d an m iles. 42 passenger a n d 7 o th e r ca rs .
S ta n d a rd g a u g e .
o p t io n o n th o S ton e & W e b ste r h old in gs in D allas w ith a vie w t o re o rg a n ­
R E P O R T .— F o r y ear e n d in g Ju n e 30:
iz in g th e p rop erties in a c c o r d a n c e w ith th e c i t y ’s requ irem en ts an d fo rm in g
G ross.
N et.
I n t . & T a xes.
Balance.
t w o n ow foca l c o m p a n ie s to ta k e o v e r sep arately th o tr a c tio n anil lig h t and
$ 3 0 ,3 6 3
$ 4 3 ,8 6 4
d e f .$13,501
p o w e r p rop erties. See V . 102, p . 1896. T h o plan is be in g held u p , h o w ­ 19 1 4 -1 5 ....................................$ 1 4 1 ,6 0 3
4 0 ,4 9 8
3 3 ,1 1 9
su r. 7 ,3 7 8
ev e r, b eca u so o f th e fa ilu re o f the c it y an d tn e p u b lic u tility c o m p a n ie s 1 9 1 3 -1 4 ___________________ 136,111
O F F I C E R S .— P res. & G e n . M a n ., J o h n S an ders; S e c . & T r e a s ., 8 . W . C .
t o roach an ag reem en t as t o th e p h y sica l v a lu a tio n to b e p la c e d o n the
p r o p e r tie s , th e c i t y ’s ex p o rt h a v in g fixed a v a lu a tio n o f $ 7 ,1 0 0 ,0 0 0 th e re o n , J on es.— V . 8 6 . p . 1159.
w h ile th o c o m p a n ie s in v o lv e d aro h o ld in g o u t fo r a v a lu a tio n o f $ 8 ,5 0 0 ,0 0 0 .
A c c o r d in g t o la te s t a d v ic e s , th e c it y a u th orities h a v e expressed a w illin g­
DAYTON, OHIO.
ness t o g ra n t a v a lu a tio n o f $ 8 ,0 0 0 ,0 0 0 .
C I T Y R A I L W A Y C O .— A tr o lle y r o a d .
STO CK AN D BON DS—
D a te.
Interest.
O utstanding.
M a tu rity
O R G A N I Z A T I O N .— C h a rte re d M a y 12 189 3. I s a c o n s o lid a tio n o f th e
________
$ 2 ,8 4 9 ,8 0 0 .......................
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )________
D a y to n Street R R ., th e D a y t o n & S o ld ie rs ’ H o m e R R . , th e F ifth S treet
F irst prer, $ 2 ,0 0 0 ,0 0 0 , 6 % c u m
^
,.
R R . Franchises run fo r 50 years f r o m .F e b . 8 1892 a n d A pril 19 1893.
A -O
1 ,995,000 O ct '1 5 , 3 %
( $ 1 0 0 )........................................................
STOCK A N D BON DS—
D a te .
I n terest.
O utstanding. M a tu r ity .
2 d p f $ 2 ,0 0 0 ,0 0 0 5 % n -c ( $ 1 0 0 ) ____
A -O
l ,997..’i00 O c t ’ 15. 2 H
Q -M
S 2 .4 0 0 .0 0 0 J u n o ’ 16, I K
C
o m m o n , $ 2 ,4 0 0 ,0 0 0 ($ 1 0 0 )...............
N o te s $ 2 ,5 0 0 ,0 0 0 g o ld ($5001 1914
5 g J -D
1,5 0 0 ,0 0 0 Ju n e 1 1917
P referred , S 600,000 ($ 1 0 0 )--------------6 Q -M
6 0 0 .0 0 0 J u n e ’ 16. I K
a n d $ 1 ,0 0 0 ).
c * l l n t . a t A m e rica n T r u s t C o . , B o s t o n , tru stee.
o
n
d
issues
h
a
ve
been
p
aid
o
f
f.
B
T e r m M t g o n otes $ 1 ,0 0 0 ,0 0 0 / 1916
6 J-J
7 5 0 ,0 0 0 Jan 1 1 9 2 1
D ividends.— 6 % per an n u m is be in g p a id o n p r e f. O n c o m m o n , in 1900
($500 a n d $ 1 ,0 0 0 )_______ c * \ I n t . a t S ta te S t. T r u s t C o ., B o s t o n , T r u s te e
to 1903. in c l., 6 % : also 16 2 -3 % ($ 2 5 0 ,0 0 0 in n ew s t o c k a t p a r o r in c a s h ),
D a lla s E lectric C orporation—
. „
„ „„„
d eclared N o v . 1903, p aid Ja n . 1 1904; in 1904, 6 % : In 1905, 6 K % : 1906 t o
F irst c o ll trust m tg o , $ 4 ,0 0 0 ,-/ 1902
5 g A -O
3 ,3 8 1 ,0 0 0 A p ril 1 1922
1910, in clu s iv e , 7 % p er a n n .; in F e b . 1907 p a id a s p e cia l d iv . o f 5 % .
0 0 0 ,g o l d ( $ 1 0 0 , $ l ,0 0 0 ) c * t f l i n t , a t O ld C o lo n y T r . C o . , B o s t o n , T r u s te e .
(V . 8 3 , p. 1590); in 1911, 7 % , .and in A p ril 1911 a sp e cia l d iv . o f $9 09 1-11
N o te s , $ 3 ,5 0 0 ,0 0 0 , g o ld ($ 5 0 0 / 1912
5 F -A
1 ,0 0 0 ,0 0 0 F e b 1 1917
(V . 92, p . 1178); J u ly , 1 K % ; O c t ., 1 K % ; in 1912, J a n ., \ M % . In
an d $ 1 ,0 0 0 )....................c * t f l i n t , a t A m e rica n T r u s t C o . . B o s t o n , T r u s t e e .
M a r . 1912 began p a y in g d iv s . Q .- M . Instead o f Q .-J . a n d o n M a r . 3 l p a id
N o te s p a y a b le , J u ly 31 1 9 1 6 - - ----------------------9 5 0 ,0 0 0
1 K % ! Ju n e, 2 % ; S e p t .. 2 % ; D e c ., 2 % .
In 1 9 1 3 ,8 % . I n 191 4, M a r ., 2 % :
Stock and Bonds.— $ 1 2 9,00 0 c o m . s to c k is h eld in tre a s u ry , n o t in c h in J u n o , 2 % ; S e p t ., 2 % ; D e c .. 1 M % ( V . 100, p . 5 3 ) . In 191 5, 6 % . In
a m o u n t ou ts ta n d in g . T h o 1st p ro f, is red. a t 105. Sinking f u n d , 1 % p er 1916, M a r ., 1 K % : Ju n o, 1 K % a n n . o f b on d s o u t . $ 37 ,000 b o n d s in treasu ry n o t in c l. in a m o u n t r e p o rte d
E A R N I N G S .— F o r calen d ar y e a r 1915, g ro s s , $ 6 1 8 ,1 7 3 ; in 191 4, g r o s s .
o u ts ta n d in g . $ 5 8 2 ,0 0 0 w ere h o ld in th e sin k . fd . J u lv 31 1916. C a lla b lo
as a w h ole on a n y in t . d a te a t 105 a n d in t. 8 2 5 ,0 0 0 o f th o b o n d s are $66 9 ,8 2 3 ; In 1913, S 651.504; in 1912, gross, $ 6 5 9 ,8 4 4 .
in d e n o m . o f $10 0, rest boin g $ 1 ,000 ea ch . N o te s o f 1912 a n d 1914 are
R O A D .— C o n tro ls an d op e ra te s in all 3 6 -8 5 m iles o f t r a c k , n a m e ly : T h ir d
c a lla b le as a w h ole at 100 an d in t. o n a n y in t. d a y o n 30 d a y s ' n o tice .
N o S tre e t L in e , F ifth S treet L in e , G reen L in o , K a m m e r A v e . L in e a n d D a y t o n
fa rth er m ortg a g e ca n b o p la ce d o n p r o p e r ty w ith o u t e q u a lly se cu rin g b o th & S o ld ie r ’s H o m e L in e. G a u g e 4 f t . 8 K i n . ; rails 70 a n d 8 0 -lb . T an d
th ose issues o f n otes w ith th e o th e r o b lig a tio n s t o b o se cu re d th e r e b y . 70 a n d 9 0 -lb . girder; o p e ra tin g 42 G . E . 67 a n d 50 G . E . 800 m o t o r e q u ip ­
V . 98, p . 1608. T h e T erm in al m tg o . n otes are th o d ir e ct o b lig a tio n o f th o m en ts; 124 cars a n d 3 sprinklers.
D a lla s E loc. C o . an d aro socu red b y a first m t g e .o n th o term in al an d o ffic o
O F F I C E R S .— P r e s ., E . D . G rim es; 1st V . - P . , C . B . C lo g g ; 2 d V . - P .
b ld g , in D allas an d th o la n d u p o n w h ich it is c o n s tr u c te d ; to ta l c o s t a b o u t E. J . B a rn e y; 3 d V .- P ., G . G . S haw ; S e c ., M . H a ll; G e n . S u p t. & P u rc h .
$ 1 ,5 0 0 ,0 0 0 .
B e d . as a w h o le a t 101 an d in t. o n 30 d a y s ’ n o tice .
V . A g t ., T . E . H o w e ll. O ffic e , W e ste rn a n d A u b u rn A v e s ., D a y t o n .— V . 8 3 .
102, p . 250.
p . 1590; V . 9 2 , p . 1178, 1564; V . 9 9 , p . 1909; V . 100, p . 5 3 , 1256.
D ivid en d s.— O n present 2 d p re f. (fo r m e r ly “ p r e f ." ) , in 1905, 2 1 4 % : in
1906, 5 % ; in 1907, A p ril, 2 1 4 % ; n o n e t o O c t . 1909, w hen 2 % w as p a id ;
D A Y T O N C O V I N O T O N & P I Q U A T R A C T I O N . — A tr o lle y r o a d .
1910, A p r il, non e; O c t ., 1 % .
In 1911 t o 1915, 5 % . I n A p r . 1916 d iv s . o n
O R G A N I Z A T I O N .— T h is w as fo rm e r ly k n o w n as th e D a y t o n & T r o y
b o t h 1st an d 2d p re f. s to c k s w oro deferred .
T r a c t io n , b u t n am e ch a n g e d t o th o a b o v e in A u g . 1901. T h e D . & T .
E A R N I N G S .— F o r 12 m o n th s e n d in g Ju n o 30;
T r a c t io n w as In corp ora ted in O h io in J a n . 1900 t o b u ild a stre e t railw ay
Y ea r ending
Gross
N et (after Other
Interest Sinking B alance fro m D a v to n to T r o y , b u t r o u te w as c h a n g e d , a n d r o a d c o n s tr u c te d from
J u n e 30— •
E a rn ings. T a xes). In co m e. Charges.
Fund.
Su rplus. D a y t o n to C o v in g to n an d P iq u a , a b o u t 38 m iles. C o m p a n y a c q u ir e d th e
1 9 1 5 -1 6 ....................$ 1 ,9 0 1 ,1 3 6 $72 3 ,9 8 5 $ 1 3 ,2 0 0 $36 2,05 1 $61,981 $31 3 ,1 5 3 rig h t t o use th e tra ck s o f th e P e o p le ’s R y . in en te rin g c it y o f D a y t o n .
4 2 1 ,7 5 7
1 9 1 4 -1 5 ................... 1,968,304 8 22 ,830 ................ 3 6 6 ,6 0 8 3 4 ,4 6 5
STO C K A N D BON DS—
D a te.
In terest.
O utstanding.
M a tu rity .
R O A D .— O w ns an d op e ra te s 68 9 m . o f track in th e c it y o f D allas and
- ..........
$ 6 0 0 ,0 0 0 ......................
s u b u rb s. 237 ca rs. S ta n d a rd g a u g e . P o w e r s ta tio n c a p a c it y , 1 8 ,300 S to c k a u th , $60 0 ,0 0 0 ($ 1 0 0 )...................
P
r
e
f,
5
%
n
-c
,
$
5
5
0,00
0
(
$
1
0
0
)
................................
5
5
0
,0
0
0
........
..............
lc. w . A lso pu rch ased p o w e r fro m th o D allas Ico F a c t o r y , L t . & P o w o r C o .
F irst m o rtg a g e , $ 5 5 0 ,0 0 0 , g f 1902
5 g A -O
4 9 0 .0 0 0 A p ril 1 1922
O F F I C E R S .— P res ., J o se p h S . L o v o r in g ; V .- P s ., R o b e r t T . P a in o 2 d ;
( $ 1 , 0 0 0 ) - . .................. c * , n t f l l n t . a t O ld C o lo n y T r . C o . , B o s t o n , T r u s te e .
T rea su rer, H en ry B . S aw yer; S e c ., C h oster M . C la r k . G e n . M g r s ., S to n o
6 g M -S
6 0 ,0 0 0 S e p t 1 1919
& W ob stor M g t . A s s n .— V . 96, p . 1772; V . 9 8 . p . 839 , 1608; V . 100, p . 641 , S e co n d m o rtg a g e , $ 6 0 ,0 0 0 . n t f ____
V . 102, p . 25 0 , 975 .
_______
Bonds.— $60 ,0 0 0 1st m tg e . b o n d s are reserved fo r e x ten sion s an d im ­
p ro v e m e n ts; 2 d m tg e . b o n d s are s u b je c t t o ca ll o n a n y in t. d a te a t 105.
T E X A S IN T E R U R B A N R A IL W A Y .
E A R N I N G S .— F o r y e a r e n d in g Ju n o 30 1916, g ro s s , $ 1 5 0 ,1 1 9 ; n e t ,
O R G A N I Z A T I O N .— I n c o r p . In T e x a s in J u ly 1916 a n d is t o b o a c o n ­ $ 6 0 ,3 1 4 ; Interest an d ta x e s , $ 4 0 ,8 9 0 ; s u rp lu s, $ 1 9 ,4 2 4 . I n 1914-15, g ross,
s o lid a tio n o f th o T e x a s T r a c tio n C o . a n d S ou th ern T r a c t io n C o . (see h is to ry $ 1 4 7 ,5 1 2 ; n e t, $ 5 1 ,5 2 0 ; in te re st a n d ta x e s , $ 4 1 ,0 2 5 ; su rp lu s, $ 1 0 ,5 0 5 .
o f e a ch in “ E l. R y . ” Sec. fo r M a y 1916, p a ge 3 7 ). T h o se c o s . loaso fo r
R O A D .— T o t a l tra ck 38 m iles. S ta n d a rd g a u g e . 7 0 -lb . T , 80 an d 9 0 20 years fro m D e c. 17 1915 th o term inal fa cilitie s o f th o D a lla s I n te ru rb a n Ib. girder rails.
10 passenger ca rs , 2 express cars a n d 5 o th e r c a r s .
T e r m . A s s n ., w h ich see u nd er D allas E le c tr ic C o ., a b o v e .
O
F F I C E R S .— P r e s ., D . D w y e r ; V .- P . & G e n . M g r ., T h o s . T . R o b in s o n :
In A p ril 1916 the T e x a s T r a c t io n C o . issu ed $70 0 ,0 0 0 3 -y e a r 7 % g o ld
n otes t o refu n d $40 0 ,0 0 0 T e x a s T r a c . 2 d M . 8 % b o n d s a n d $ 1 8 5 ,0 0 0 D e n i­ S u p t., T . J . B re n n a n .— V . 77. p . 146.
s on & S herm an 2d M . 6s, d u o A p r . 1 1916, a n d p r o v id o fo r flo a t in g d o b t .
D A Y T O N & T R O Y E L E C T R I C R Y . — A tr o lle y r o a d .
.
STO C K A N D BO N DS—
D a te. in terest.
O utstanding.
M a tu r ity
O R G A N I Z A T I O N .— I n c o r p . 190 0. I s b u ilt o n b o t h p u b lic a n d p r iv a t e
C o m s to c k $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )..........................
$ 6 ,0 0 0 ,0 0 0 _______ __
rig
h
t
o
f
w
a
y
.
C
o
m
p
le
te
d
in
D
o
c
.
1901.
In
D
e
c
.
1915
re
c
e
iv
e
d
a 2 0 -y o a r
1st p r e f s to c k S i , 5 0 0 ,0 0 0 ( 8 1 0 0 ) .......................
1 ,5 0 0 ,0 0 0 .......................
e xten sion o f its franchise in D a y t o n .
R a ils, 7 0 -lb . T .
P o w e r h o u s e lo ca te d
2 d p r o f st o c k $ 3 , 0 0 0 ,0 0 0 (8 1 0 0 ) ........
3 ,0 0 0 ,0 0 0 .................. ..
a t T ip p e c a n o e C it y , O h io . S to c k , $50 0 ,0 0 0 ($100) c o m . a u t h . a n d issued
Texas T raction C o .—
a n d $ 8 0 0,00 0 ($100) 5 % c u m . p re f. a u th .; $ 6 4 7 ,2 0 0 issu ed . N o b on d s
F irst m ortg a g e sin k in g f u n d ,/ 1907
5 g J -J
2 ,0 2 0 ,0 0 0 Jan 1 1937
c o n te m p la te d . In M a y 1902 t o o k o v e r M ia m i V a lle y R y . u n d e r 9 9 -yea r
$ 3 ,0 0 0 ,0 0 0 ( $ l,0 0 0 ) g c * & r t f l ln t . a t O ld C o lo n y T r u s t C o ., B o s t o n , T r u s . lease a t a rental o f $ 9 ,600 p er a n n u m , w h ich is a p p lic a b le t o s t o c k o f
D e n & Shor first m o r tg a g e ,/ 1902
5 J-J
2 2 5 .0 0 0 J u ly 1 1927 $ 3 0 0 ,0 0 0 , m o rtg a g e h a v in g been c a n c e le d .
$35 0,00 0 ($ 1 ,0 0 0 )-------c * t f ( l n t . at H arris T r u s t & S a v . B lc., C h ic ., T r u s .
D ividends.— O n th e p re f. s t o c k 5 % per an n u m is be in g p a id . O n c o m .,
G o ld n otes - ..............................- - 1916
7%
7 0 0 ,0 0 0
1919
Ja n . 1 1904, 2 % : in 1905, 6 % ; in 1906, 6 % : in 1907, 2 % : in 1908, n o n e; in
Southern T raction C o .—
1909, 5 % : in 1910, 6 % : in 1911, 5 % ; in 1912. M a r .. 1 M % . In 1913. S e p t ..
F irst m tg e, $ 1 0 ,0 0 0 ,0 0 0 , g o l d / 1912
5 j? J -D 1
6 .0 0 0 ,0 0 0 Ju n e 1 1942
1 K % : D e c ., 1 M % ; in 1914, J u n e , 1 M % ; in 1915. D e c .. 1 K % ; in 191 6.
( $ 1 , 0 0 0 ) - - ------- iS S R -« .S v H lI n t - at S t ‘ £ ° uls U n ion T r . C o . , S t. L ., T r u s .
M a rch , 1 K % : June, 1 K % .
S econ d m ortg a g e, $50 0 ,0 0 0 t f / 1912
5 J -D 1
5 0 0 ,0 0 0 Ju n o 1 1942
E A R N I N G S .— F o r ca lo n d a r y e a r 1915, gro ss. $ 2 7 2 ,8 3 1 ; n e t, $ 8 3 ,4 3 5 ;
($ 1 ,0 0 0 ) — - - - - - - - - c * ) I n t . a t S t. L o u is U n ion T r . C o . . S t. L . , T r u s . d e d u ctio n s , $ 3 4 ,9 1 1 ; d iv s ., $38 ,6 0 2 ; su rp lu s, $ 9 ,9 2 2 .
In 1914, gross, $ 2 9 6 ,­
Bonds. -R em aining $83 4,00 0 T e x a s T rac. 1st M . b o n d s are reserved fo r
fu tu re im p ts. and exten sion s. B o n d s ca n b o ca lled at 110 an d a c c r u e d in t. 289 ; n e t, $86 ,0 0 4 ; d e d u ctio n s , $34 ,1 8 2 ; d iv s ., $ 3 8 ,5 2 5 ; s u rp lu s , $ 1 3 ,2 9 7 .
R
O
A
D
.—
O
w
n
s
an
d
o
p
era
tes
3
6
.2
9
m
iles
o
f
t
ra
ck
(1
0
.0 3 m . d o u b le , 11.19
on a n y Int. d a te u p on 30 d a y s ’ n o tice . A sin kin g fu n d o f 5 % o f g ross ea rn ­
ings began J u ly 1 1912, to b e used in th o p u rch ase o f b o n d s; $ 1 4 6 ,0 0 0 h old m iles sin gle , 5 .0 4 m iles sidin gs) be tw e e n D a y t o n an d T r o y . L eases th e
M ia m i V a lle y R y . . ex te n d in g fro m T r o y t o P iq u a , in clu d in g th e lo ca l lin e
in sin k , fu n d n o t in cl. in a m o u n t o u ts ta n d in g a b o v o .
D e n . & Shor 1st M
b o n d s are s u b je c t t o call o n J u ly 1 1917, o r a fte r, a t 105 a n d Int. o n fo u r In P iq u a , co m p r is in g 14.03 m . o f tra ck (4 .5 9 m . sin gle , 2.7 1 m . d o u b le ,
w eek s’ n o tice .
A sinking fu n d b egan J u ly 1 1905 o r 2 % p er a n n u m o f 0.71 m . sidin gs a n d 3.31 m . lo ca l in P iq u a ) . T o t a l In sin gle t r a c k , 5 0 .3 2 m .
b on d s o u t until 1913, w hen a m o u n t p a y a b le Is 3 % p er an n u m u n til 1917O F F I C E R S .— P r e s ., H . P . C le g g ; V . - P . , C h a s . B . C le g g ; S e c ., L . O .
C le g g ; T re a s. & G e n . M g r ., R . A . C ru m e ; A u d ., F . S p rag u e.
G en eral
o ffic e . T ip p e c a n o e C it y , O h io .— V . 9 4 , p . 123; V . 9 5 , p . 1744; V . 9 9 , p . 48:
V . 102, p . 152 .
_______

impts. under certain restrictions. Both 1st & 2d Mtgs. subj. to ca lla t 102 'A
and int. on'any int. date, and also for sinking fund on or after Oct. 1 1918
at same price. Bonds to bo held alive in sinking fund. Sinking fund of 1%
nor annum o f bonds out begins in 1918. V. 95, p. 421. Interest is paya­
ble at offico of trusteo or in New York.
.
E A R N I N G S .— F o r years e n d in g D e c . 31:
T exas T raction C o.—
G ross.
N et.
$2 3 1 ,0 4 6
1 9 1 5 - . - .................................... $56 5 ,6 2 6

1914 ........- ......................

676,096

223,351

I n t. & T a x.
$ 1 8 9 ,9 6 2

184,570

S u rp lu s.
$ 4 1 ,0 8 4

38,781

D A Y T O N S P R I N Q F I E L D & X E N I A S O U T H E R N R Y . — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in 1909 as su cce sso r t o th e D a y t o n &
X e n ia T r a n sit C o . , sold a t fo re clo s u re . S t o c k , a u th . an d o u ts ta n d in g ,
$20 0 ,0 0 0 c o m . an d $3 0 0 ,0 0 0 p re f. P a r $ 1 0 0 .
1st M . a u th . and Issued.
$ 5 0 0 ,0 0 0 . E arn ings fo r year e n d in g Ju n o 30 1915, gro ss, $ 1 7 8 ,8 8 4 ; n e t .
$ 3 5 ,6 2 0 .
R O A D .— O w ns an d op e ra te s 3 5 .2 2 m iles o f tra ck fro m D a y t o n t o X e n ia
a n d fro m D a y to n t o Spring V a lle y . P r e s ., C . J . F ern ed ln g; V .- P . , T . A .
F ern ed in g; S e c. & T r e a s ., H . L . F e rn e d ln g . all o f D a y t o n .— V . 8 9 , p . 2 8 5 .

Southern T raction C o.—
___
19 1 5 ......
$ 1 ,0 5 1 ,4 1 8
$445,661
$ 3 8 1 ,9 4 9
$ 6 3 ,7 1 2
1 9 1 4 - ....................................... 1,1 3 6 ,3 3 4
421 ,7 0 3
3 6 7 ,3 8 6
5 4 ,4 1 7
R O A D .— -Tho c o s . t o b o c o n s o lid a te d o w n an d o p e r a te in to ru rb a n linos
b e tw e e n D a lla s an d D on iso n , 7 6 .3 9 m .; D allas and W a c o , 9 6 .8 9 m .; D a lla s
a n d C o rsica n a . 5 6 .1 9 m .; 2d m ain tra ck , sidin gs an d tu rn o u ts , 14.80 m .;
loca l linos in Sh erm an , D o n iso n , M c K in n o y , W a c o , C o rs ica n a an d W a x a h a ch io, T e x ., Incl. sid in gs. & c ., 3 2 .6 5 m .; to ta l, 276 .92 m . (in cl. 9 .9 8 m .
o f tra ck L i,B a lia ? op e r a te d u n d er tra ck a g o rig h ts).
G u a g o , 4 f t . 8 K in.
7 0 -8 0 -lb . “ T ” rail.
165 ca rs .
O F F I C E R S .— P r e s ., J . F . S trick la n d ; V .- P s ., O sce G o o d w in , R . B .
S tich ter, J . S. H oa rd , W . R . B ren ts; T r o a s .. I I . I . G a h a gon : S e c ., Jas. P .
G r if fin .— V . 103, p . 40 7 .

O A K W O O D S T R E E T R A I L W A Y C O .— A tr o lle y r o a d .
In A p ril 1915 M a jo r C h arles B . C le g g a cq u ire d c o n tr o l.
O R G A N I Z A T I O N .— I n c o r p o r a te d J u ly 22 1870 in O h io . F ran ch ise e x ­
pires 1941. In O c t . 1909 th e O h io S u p re m e C o u rt h eld th e fra n ch ise v a lid
o v e r th e o b je c tio n s o f th e C it y S o licito r . S to c k a u th . a n d o u ts ta n d in g .
$ 5 0 0,00 0 (par $ 1 0 0 ). N o b o n d s . O perates 8 m iles o f tra ck in D a y t o n and
su b u rb s an d leases (fr o m J a n . 1 1916) th o O a k w o o d R R . ’s lin e in O a k w o o d
v illa g e ; to t a l m iles o p e r a te d , 10. S tan d ard g a u g e . P re s . & T r e a s .,
C h arles B C legg; V .- P ., H . P . C le g g ; S e c. & G e n . M g r ., H e n ry G e b h a r t,
all o f D a y t o n .— V. 100, p . 1438.

DANBURY, CONN.

DECATUR, INDIANA.

D AN BU RY & BETH EL STREET R Y .

,

F O R T W A Y N E & D E C A T U R T R A C T IO N C O .
ORGAN IZATION .— Incorp. May 7 1886 under tho laws of Connecticut.
ORGANIZATION.— Incorp. in Fob. 1916 with $200,000 capital stock
Has a perpetual special charter, the only street car company serving the
city of Danbury and town of Bethel. Its lines also extend to tho Danbury to succeed the Fort Wayne & Springfield R y., bought in at receiver’s sale
on Dec. 2 1915 (see V. 101, p. 2144). On June 23 1916 the Indiana P. S.
I<air Grounds and the pleasure resort o f Lake Kenosia.
Comm, approved the purchase and authorized the Issue of $90,000 10-year
STOCK AND BONDS—
Date.
Interest. Outstanding. Last Div. ,&c gold
bonds and $ 150,000 stock at par to pay for the property. V . 103, p .60.
Stock, $623,000 (par $25).................
J-J
$320,000 Jan '12, 2%
ROAD.— Operates 21.6 miles between Decatur and Ft. Wayne. Total
hirst & ref mtgo $600,0001 1913
5 g M -N
339,500 Mav 1 1943
($500 and $1,000) n s f..c * /I n t . at American Trust Co. Bos., Trustee. track, 23.7 miles. 70-lb. T rail; gauge, 4 ft. 8K in. An extension from
Consol mtgo, $300,000, gold/ 1906
5 g M-N
100,000 May 1 1936 Decatur to Berne (12 miles), is being constructed.— V. 102, p. 975; V. 103,
I). 60.
________ ___________
and $1,000) — .........lint, at American Trust C o.. Boston. Trustee.
ire bonds, $75,000/ 1908
6 M-S
63.000 Mar 1 1918
($1,000 and $500).............c lln t. at City National Bank o f Danbury.
DELAWARE,
OHIO.
Debenture bonds. $150,000-- 1911
6 J-J
86.000 Jan 1 1921
C O L U M B U S M A G N E T IC S P R IN G S & N O R T H E R N R Y .
Bonds.— Tho 1908 debs, aro red. at 105 on any Int. date after duo no­
tice. Of the 1911 debs.. $75,000 aro reserved for like amount of debs, of
ORGANIZATION.— Incorporated In Ohio on Oct. 15 1906, and is a
1908. Of tho 5s of 1913, $100,000 are reserved to retire a like amount of consolidation of the Delaware & Magnetic Springs Ry. and the Rich w o o d
consol. 5s and $150,000 for retirement of tho two debenture issues.
& Magnetic Springs R y. Private right of way except in City o f Ri \\w ood.

S




STO C K A N D BON DS—
D a te.
In terest.
C o m m o n . ¥200,000 ($ 1 0 0 )............................................

O utstanding.
M a tu rity .
313 0 ,0 0 0 .......................

OM S

m ” ls tM ? S 4 0 0 % 6 6 ;g ] "1906
5 'g M -N
250 !0 0 0 N o v 1 1931
($ 1 ,0 0 0 ), cannot be called,!In terest at Colonial Trust C o . , Pittsburgh,
and no sinking fu n d ._ c * t f l Trustee.

E A R N I N G S .— F or y ea r en d in g Ju n o 30 1916, gross, $ 2 7 ,0 6 8 ; o p e r . e x p .,
$ 20 ,355 ; n e t, $ 6 ,7 1 3 ; taxes. $ 2,783; n e t, a fte r taxes, $ 3 ,9 3 0 .
R O A D .— O p era tes I s m iles o f tra ck fro m D e la w a re t o M a g n e tic Springs
__
„ _
,
„
an d R ich w o o d .
O F F I C E R S .— P r e s ., W . M . G a lb ra ith , P it t s .; V .- P . a n d T r e a s ., C .
M a g e e J r .. P itts .; S e c ., C h a s . J . F ile r. R ic h w o o d , O .— V . 8 3 , p . 1228, 146 9,

H as fre ig h t tr a ffic a greem en ts w ith D e n v e r T r a m w a y C o . an d a rran ge­
m e n ts fo r in te rch a n g e o f tran sfers o n D e n v e r C it y linos; also c o n t r a c t fo r
use o f T r a m w a y C o . ’s tra ck s in e n terin g D e n v e r.
STO C K A N D BON DS—
D a te.
Interest.
O utstanding.
M a tu r ity .
S to c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......................
------Si-ORO.OOO
--------­
In te r -M o u n ta in R y , 1st m o r t -f 1908
5 g J-J
oOO.OOO Jan 1 1938
g a g e , g o ld , $ 7 5 0,00 0 ($ 1 0 0 !In terest a t C o n tin e n ta l T r u s t C o . , D e n v e r ,
and $ 1 ,0 0 0 ) - .............- _ c * t f l
T r u s te e , o r B ankers T r u s t C o . . N e w Y o r k .
Bonds are ca lla b le a t 105 o n a n y in terest d a y a fter 1913.
R O A D , E Q U I P M E N T , & c.— I n c l. in D e n v e r T r a m w a y C o . — V . 9 4 .
p . 20 7 ; V . 9 7 , p . 1203; V . 9 8 . p . 1156.

DENVER, COL.

DERRY, PA.

THE D E N V E R T R A M W A Y SYSTEM.
(1 ) D e n v e r & N o r t h w e s t e r n R y .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N , & c .— In M a r . 1913 a sy n d ic a te h ead ed b y B o e t t c h e r ,
P o rte r & C o . o f D e n v e r acq u ire d a c o n tr o llin g in terest th ro u g h p u rch a se or
th e s to c k (a b o u t $ 1 ,6 0 0 ,0 0 0 ) h eld b y M a rsd e n J . P erry o f P r o v id e n c e ,
th is p u rch ase m a k in g its total h o ld in gs a b o u t a 7 5 % in t.
V . 9 6 , p . 863
T h is c o m p a n y , sin co th e plan in V . 9 8 , p . 1156, w e n t Into e f fe c t ,, is sim p ly
a h old in g c o m p a n y , p r a c tic a lly its o n ly asset b e in g the $ 9 ,0 0 0 ,0 0 0 c o m m o n
s to c k o f th e D e n v e r T r a m w a y C o . , w h ich is p ledged as se cu rity fo r th e $ 6 .
0 0 0 ,0 0 0 1st & C o ll, b o n d s o f this c o ., an d its o n ly lia b ility being $ 6 ,0 0 0 ,0 0 0
o f Its c a p ita l s t o c k ou ts ta n d in g in th e han ds o f th e p u b lic , the p a y m e n t o f
jts b o n d s h a v in g been assum ed b y th e D e n v e r T r a m w a y C o .
S T O C K A N D B O N D S .—
D a le . In terest. O utstanding.
M a tu r ity ,
S to c k $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )_____________
Q -J 10
$ 6 ,0 0 0 ,0 0 0
See taxi
F irst an d colla tera l m tg e (assum ed b y D e n v . T r a m . C o .— see b e lo w ) .
D ivid en d s.— P rio r t o J u ly 1909 d iv id e n d s w ere a t ra te o f 6 % per ann um
In J u ly 1909 q u a r. d lv . w as increased t o 2 % and sam e a m o u n t paid q u a r­
terly to J u ly 1913. In O c t . 1913 ra te w as re d u ce d and 1% w as paid
(V . 9 7 , p . 111 5). Sam e rate q u a r. t o an d in cl. A p ril 1915.
In J u ly
1915 rate w as fu rth er red u ce d t o 43 o f 1 % . O ct. 1915 d iv id e n d o m it t e d .
V . 101. p . 1188. 1370. N o n e s in ce .
O F F I C E R S .— P ros., S . M . P erry; G e n . M g r ., F . W . I lild ; S e c . & T r o a s ..
F . G . M o ffa t ; A u d ., W . A . D o t y .
•
I N D E X . — V . 9 4 . p . 413 , 1383, 1763: V . 9 6 , p . 1863. 1628: V . 9 7 , p . 236 .
2 9 8 , 59 4 , 1115: V . 9 8 . p. 1071, 1156: V . 101. p . 130. 1188.
(2) D e n v e r T r a m w a y C o . — O perating C om pany.
T h e D e n v e r & N orth w e s te rn R y . o w n s $ 9 .0 0 0 ,0 0 0 o f th e c o m m o n s t o c k .
O R G A N I Z A T I O N .— I n c o r p . M a r c h 30 1914 in C o lo r a d o as su ccessor
t o th e D e n v e r C i t y T r a m w a y C o . , w h ich h a d p r e v io u s ly a b s o r b e d th e D e n ­
v e r T r a m w a y P ow er C o . an d th e D e n v e r T r a m w a y T e rm in a ls C o . O w ns
en tire $ 5 0 0 ,0 0 0 s t o c k o f th e C o n s o lid a te d S e cu rities & In v e stin g C o . (in ­
c o r p . o n th e sam e d a te t o s u cce e d th e D e n v e r R e a lt y C o . , B o u le v a rd R eal
E s ta te C o . an d D o n v e r E x cu rsio n C o . ) , w h ich in turn o w n s all th e o u ts ta n d ­
in g s to c k a n d b o n d s o f th e D e n v e r & I n te r -M o u n ta in R R .
See p lan o f r e ­
org a n iz a tion u n d er “ D e n v e r & N o rth w e s te rn R y . ” in V . 9 8 , p . 1156.
F ran ch ises.— O perates w ith in th e c it y o f D e n v e r u n d e r a general fra n ch ise
g ra n ted F eb . 5 1885. A ls o u n d er a 2 0 -y r . g ra n t v o t e d b y ta x -p a y in g electors
o f th e c it y in M a y 1906, w hich a u th o rize s it to m a in ta in th ree-rail tra ck s,
gauges 3 f t. 6 in . an d 4 f t . 843 in ., o v e r all its presen t linos w ith in the c it y
a n d p erm its th e c o n s tr u c tio n o f ce rta in v ia d u c ts an d exten sion s.
See d e ­
cisio n in V . 8 4 , p . 220 .
U nder d ecision o f th e U . S . C ir c u it C o u r t o f A p ­
peal o n N o v . 11 1912 th o fra n ch ise o f 1885 w as held v a lid , th e C o u r t d e ­
cid in g th a t In view o f th e fra n ch ise o f 1906 it w as un n ecessary t o pass u p o n
th e d u ra tio n o f th e old er fra n ch ise at th a t t im e . T h e c o m p a n y cla im s th at
Its fra n ch ise is p e r p e tu a l. See d e c is io n in V . 9 5 . p . 1472.
Tax Settlem ent.— F or se ttle m e n t o f d is p u te be tw e o n th e c it y an d the
c o m p a n y o v e r taxes fo r th e years 1912, 1913 a n d 1914, soe V . 101, p . 370.
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a t u r it y

Common stock $10,000,000__ _____

_________ $10,000,000

----------------

P r e fs t lc $ 3 ,0 0 0 ,0 0 0 (7 % c u m ) ------- --

-----------------

-------------------

See te x t

Conv gold bonds $3,000,0001 1914 6 g A-O
2,500.000 Apr 1 1919
gold ($100, $500 & $1,000) lint, at Columbia Trust C o., N. Y.City.
D e n v & N W R y 1st & c o ll M f 1902
5 g M -N
525 .1 0 0 M a y 1 1932
g $ 6 ,0 0 0 ,0 0 0 ($500 a n d i l n t . a t B a n k e rs
T ru st C o ., N ow Y o rk ,
$ 1 ,0 0 0 ) _________________ c * l
trustee; also o ffic e o f c o . in D o n v e r .
R e d . a t 105 an d in t. on 90 d a y s ’ n o tice .
D e n C it y T r C o 1st & r e f M f 1908
5 g M -N
1 1 ,4 8 0 ,4 0 0 N o v 1 1933
$ 2 5 ,0 0 0 ,0 0 0 g ($500 a n d jl u t . a t B a n k ers T r u s t C o . , N e w Y o r k ,
$ 1 ,0 0 0 ) sin k in g f u n d - . c * t f
tru stee, an d In D e n v e r .
D e n v C it y T r a m pu rch a se ! 1899
5 g A -O
2 ,0 0 0 ,0 0 0 A p r l 1919
m o n e y m tg e g $ 2 ,0 0 0 ,0 0 0 ! I n t . a t C e n tra l T r u s t C o . , N . Y . , tru stee.
($500 a n d $ 1 . 0 0 0 ) - .c * t f
D e n v C o n s T r a m c o n s m tg e j 1893
5 g A -O
1 ,1 6 7 ,0 0 0 O c t
1 1933
$ 4 ,0 0 0 ,0 0 0 g o l d ............... n t f 1I n t . a t B k rs T r . C o . , N . Y . .trusteo & In D e n v e r
D e n v T r P ow 1st im p t m t g e f 1903
5 g A -O
1 ,0 7 4 ,0 0 0 A p r
1 1923
$ 1 ,5 0 0 ,0 0 0 g ($ 1 ,0 0 0 ) gu ar! I n t . a t In te r n a t. T r . C o . . D e n v e r , tru stee,
p rin cip a l an d i n t e r e s t . o r G u a r a n ty T r u s t C o . , N e w Y o r k .
D e n v T r T e r m 1st m tg e $ i , - f 1910
5 g M -S
1 ,3 3 3 ,0 0 0
See te x t
5 0 0 ,0 0 0 g ($100 & $ 1 ,0 0 0 ) ! In te re s t a t B a n k ers T r u s t C o . , N . Y . , trusgu ar prin & In t............... c * t f l te e , an d In D e n v e r .
Stock.— $ 9 ,0 0 0 ,0 0 0 c o m m o n o w n e d b y D e n v e r & N o rth w e s te rn R y . and
$ 7 5 0 ,0 0 0 is held for co n v e rs io n o f D e n v . T r a m w a y c o n v . b o n d s , th o rem ain ­
in g $ 2 5 0 ,0 0 0 b e in g set aside fo r expenses o f o rg a n iz in g D e n v e r T r . C o .
P referred s to c k is reserved fo r co n v e rs io n o f b o n d s.
Bon ds.— O f th o b o n d s re p o rte d o u ts ta n d in g as a b o v e , $ 8 3 8 ,5 0 0 D e n v e r
C i t y T r a m w a y 1st & rof. 5s an d $ 1 8 ,0 0 0 D o n v e r T r a m w a y T e rm in a ls 1st
5s a ro o w n e d b y th e D e n v e r T r a m w a y C o m p a n y . C o n v e r tib le b o n d s
are r ed eem a b le a t p a r an d a ccru e d in terest o n n in o ty d a y s ’ n o tico . C o n ­
v e r tib le o n o r a fte r A p ril 1 1915 u n til A p ril 1 1918, b u t n o t th o re a fto r,
in to an eq u a l a m o u n t o f 7 % c u m u la tiv e pre fe rre d s t o c k , a c c o m p a n ie d
b y c o m m o n in a m o u n t equal t o 2 5 % o f th o fa c o v a lu o o f th o b o n d s c o n ­
v e r te d . O f tho D e n v e r & N . \V. 1st & c o ll. M . b o n d s, $ 5 ,4 7 4 ,0 0 0 h a vo
been exch a n g ed fo r D o n v e r C it y T r a m . 1st & r o f. 5s. O f th e D e n v . Cents.
T r a m . 1st c o n s . 5s, $16 3 ,0 0 0 h a v e been ca n ce le d a n d $ 2 ,6 7 0 ,0 0 0 h a v o boon
exch a n g ed fo r D e n v . C it y T r a m . 1st & r e f. 5s. T h o D o n v e r C it y T r a m w a y
C o . , p r io r t o tho salo o f its p ro p e rtie s , e x e cu te d a m tg o . u p o n all its ph ysica l
p ro p e rtie s (o th e r th an th o s o fo rm e r ly b e lo n g in g t o th o D o n v e r & N o r t h ­
w estern R y . C o .) ju n io r to th o lien o f its F irst & R o f. S. F . M t g o ., as a d d i­
tion a l s e c u r ity fo r th e [$6,000,000] F irst & C o lla te ra l b o n d s o f th o D e n v e r
& N orth w estern C o . , the p a y m e n t o f w h ich N o rth w e s te rn b o n d s th o D e n v e r
T r a m w a y C o . has assu m ed . D e n v e r C it y T r . C o . 1st & R e f. b o n d s aro
re d . a t 105 & in t. a fte r 1913 u p t o N o v . 1 1923; th o re a fto r a t 1023-3 & Int.
o n 60 d a y s ’ n o t ic o . Sinking fu n d o f 1 % o f b o n d s o u t b e g a n N o v . 1 191-1
u n til an d in c l. N o v . 1 l()2 3 ; th e re a fte r 2 % o f b o n d s o u t ; $ 3 1 6 ,0 0 0 rotired
th rou g h sin k in g fu n d . T h o D e n v e r T r a m w a y P o w e r C o . 1st Im p t . M t g e .
b o n d s are s u b j. t o call a n y Int. d a te a t 105 an d in t ., sin kin g fu n d o f $ 5 0 ,0 0 0
per a n n u m , t o retiro b on d s at 105 an d in t ., co m m e n ce d in 1908, and $ 4 2 6 ,­
000 h a ve been r e tired . I n t . p a y a b le in N e w Y o r k a n d D e n v e r . T h o r e ­
m ain in g D e n v . T r a m . T e r m . C o . b o n d s are fo r im p ts . T h e y m atu re
$ 6 0 ,0 0 0 an n u ally S e p t. 1 1916 t o 1940.
R e d . as a w h o le on a n y in t. d a y
a t 105 & in t . on 30 d a y s ’ n o tice . V . 9 8 , p . 1156.
R E P O R T .— O f D o n v e r T r a m w a y System fo r fis c a l y e a r e n d in g M a r . ;ji
(in te r -c o m p a n y tra n sa ctio n s e lim in a t e d ). S ee r e p o rt fo r 1915-16 in V . 102,
p . 233 7.
M a rch 31
Gross
N et (after
Other
D ed u c B alance,
Y ear—
E a rn ings. T axes, & c .) . In co m e.
lio n s.
S u rp lu s .
$ 2 0 ,6 0 8
$99 0 ,5 5 4 $ 2 0 7,75 7
1 9 1 5 - 1 6 . .................. $ 3 ,1 7 4 ,6 6 6 $ 1 ,2 6 7 ,7 0 3
1 9 1 4 -1 5 .......... ......... 3 ,2 6 3 .9 5 4
1 .3 0 0 ,7 7 5
3 2 ,2 9 5
1 ,0 1 0 ,7 6 5
322 ,3 0 5
P assengers ca rried in 1915-16, 7 3 ,9 0 6 ,7 1 4 , a ga in st 7 6 ,5 2 8 ,8 1 9 in 1914-15.
R O A D A N D E Q U I P M E N T .— In c lu d in g th e D o n v e r & In te r -M o u n ta in
R R . , ow n s 2 5 1 .7 6 m iles o f ele ctric t r a c k , o r w h ich th ere are 2 1 2 .4 6 m iles o f
c it y lines an d 3 9 .3 0 m iles o f in teru rb an lines; g a u g e , 3 ft. 6 in . an d 4 f t.
83-3 in . 252 m o to r passenger ca rs , 141 trailors, 155 fre ig h t an d 72 m is c .
cars; to ta l, 620 ca rs. A ll fre ig h t e q u ip m e n t leasod t o D o n v e r & In te r ­
M o u n ta in R R . C o . C a p a c ity o f ce n tra l ge n e ra tin g p la n t, 9 ,5 0 0 k . w .
5 s u b -s ta tio n s , t w o o f 1,500 k . w . e a c h , t w o o f 1,000 k . w . a n d o n e o f 900
k. w .
O F F I C E R S .— C h a irm a n o f B o a rd , C . K . B o o ttc h o r ; V . - P . , S . M . P erry;
G e n . M g r ., F. W . I lild ; S e c ., II. S . R o b e rts o n ; T r o a s ., I I . J . A le x a n d e r. T . 100, p . 2162: V . 101, p . 370 , 1188, 1370; V . 102, p . 1896, 225 4, 2337.
(3) D e n v e r & I n t e r -A lo u n t a in R R , — O perating C om pany.
T h e C o n s o lid a te d S ecurities & In v e s t. C o . o w n s all th e s to c k a n d b o n d s.
O R G A N I Z A T I O N .— In co rp o ra te d In C o lo r a d o a b o u t O c t . 29 1907 as
In te r -M o u n ta in R y ., b u t on A p ril 2 1909 ch a n g e d n am e t o presen t title .
P r iv a te rig h t o f w a y . Franchises in D e n v e r an d G o ld e n are p e rp e tu a l.




W E S T M O R E L A N D C O U N T Y R A IL W A Y C O .
O R G A N I Z A T I O N .— I n c o r p o r a te d in P e n n sy lv a n ia o n D e c . 27 1904.
Is
a co n s o lid a tio n o f th e B r a d e n v ille & D e rr y S treet R y . an d th e B la irsvillo &
D e rry Street R y .
STOCK A N D BON DS—
D a te.
In terest.
O utstanding.
M a tu rity.
S to c k , $5 0 0 ,0 0 0 ( $ 5 0 ) - - - .................... ................
$ 5 0 0 ,0 0 0
--------­
First m o rtg a g e , $ 2 5 0 ,0 0 0 , g| 1905
5 g M -S
2 5 0 ,0 0 0 M a r 1 1935
(S100)
________________ c * \ I n t . a t E a st E nd S a v . & T r . C o . , P it t s ., T ru s.
M -S
10,200
See tex t
C a r trusts ............................. ......... 1915
Bonds.— N o sinking fu n d , and b o n d s are n o t s u b je c t to ca ll.
T h e ca r trusts m a tu re $600 s .- a ., M a r c h an d S e p t. 15. $ 1 ,8 0 0 r o tired .
E A R N I N G S .— F or y e a r e n d in g Ju n o 30 1916, gro ss, $43 ,0 6 6 ; nob, $ 2 0 ,
905; in t ., $ 1 3 ,8 1 7 ; taxes, $ 1 ,4 0 6 ; d e p r e c ., $ 5 ,0 0 0 ; su rp lu s, $68 2.
R O A D .— O perates 7 m iles o f t r a c k .
O F F I C E R S .— P re s.. Joh n E . P o tte r ; V .-P s ., F . VVm. R udell and J . A .
M c C o m b i S e c ., II. S. C a lv e rt; T r e a s ., J . G . V lls a c k , all o f P ittsb u rg h ; S u p t..
S. F . S c h w e rd t. D e r r y .— V . 8 2 , p 50.

DES MOINES, IOWA.
D E S M O IN E S C I T Y R A I L W A Y C O — A tro lle y r o a d .
In M a rch 1911 N . W . H arris o f C h ic a g o a cq u ire d p ra ctica lly all th e
s to c k n o t p reviou sly o w n e d b y him o f th e D es M o in e s C it y R y . C o . and
o f its allied c o r p o r a tio n , th e In te r-U rb a n R y . C o .
V. 9 2 , p . 794.
O R G A N I Z A T I O N .— A c o n s o lid a tio n in 1893 o f th e D es M o in e s S t. R R .
C o . and th o D es M o in e s S u b u rban R y . C o .
Is a u th o rize d t o ca rry fre ig h t.
F ran ch ise.— A now 25 -y e a r fra n ch ise w as gra n te d a t an e le ctio n o n N o v . 29
1915 w h ich places on tiro c o n tr o l o f s e rv ice in th o han ds o f a co m m ission
(o n o m e m b e r a p p o in te d b y c it y an d th o o th e r b y th o c o .) an d p ro v id e s for
a rb itra tio n w hen th o co m m is s io n c a n n o t agroo. A lso p ro v id e s fo r 6 tick ets
fo r 25 c ts . h a lf-fa re fo r ch ild ren u nd er 12 and 20 tic k e ts fo r 50 c t s . fo r h ig h s c h o o l stu d e n ts. T h o c it y , w hen e m p o w e re d t o d o s o , m a y p u rch a so th e
p r o p e r ty on 6 m o n tlis ’ n o tice o n th o basis o f a $ 5 ,0 0 0 ,0 0 0 v a lu a tio n as o f
A u g . 1 1915.
F o r fu rth er details see V . 191, p . 1885. T h e fran hiso also
p ro v id e s fo r new ro llin g s t o c k , 8 m iles o f exten sion s In 3 yoars an d the
ex p e n d itu re o f $ 1 ,5 0 0 ,0 0 0 w ith in 3 years for re h a b ilita tio n .
R efin a n cin g.— A now G eneral & R e fu n d in g M t g o . w as cro a to d In 1916
t o ca rry o u t th o term s o r tho a b o v e franchise an d p ro v id e fo r fu tu r e ca p ita l
e xp en d itu res. O w nors o f th e $ 2 ,2 0 2 ,0 0 0 5 % R e f. M . b o n d s o f 1901 d e ­
p o s ite d w ith th e co m m itte e fo rm e d u p o n d e fa u lt o f int. d u o A p r. 1 1915
bn said b o n d s (V . 100, p . 1348) w ere g iv e n tho o p p o r t u n it y t o (1) ox ch a n g e
c e rtifica te s o f d e p o s it fo r now b o n d s, $ fo r $ , an d ro co iv o a b o n u s o f 5 %
($50) in cash w ith a d ju s tm e n t o f in t. in casti o r (2) ro co ivo p a y m e n t in full
in ca s h . T h o co m m itte o w a iv e d all d e fa u lts u nd er th o R e f. M . (V . 100,
p . 1348) an d con sen ted t o th o disch arge o f th o receiver (V . 101, p . 130 ).
V . 102, p . 712 . A ll b u t $ 6 2 ,0 0 0 o f tho $ 2 ,4 1 3 ,0 0 0 R e f. M . b o n d s o u ts ta n d ­
in g h a v o been acq u ire d an d d e p o s ite d under th e G e n . & R e f. M t g o .
G u a ra n te e s th e I n te r-U rb a n R y . C o . 1st M . b o n d s , p . & I. See b e lo w .
STOCK AN D BON DS—
D a te.
In terest. O utstanding.
M a tu rity .
C o m m o n . $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......................................
$ 1 ,0 5 5 ,0 0 0 .......................
P re f, 6 % n o n -c u m , $ 2 5 0 ,0 0 0 -. - - - - — ■ --250 ,0 0 0 - - - - - - - - - ­
D es M o iu e s Street R R 1st M , ( 1889
6 g A -O
131.000 O ct 1 17 to
g o ld U.I.UUU
($ 1,000 ee a
a ec h
tegxat)y B k _ ,C h ic.
O c.tru
t 1 stee.
1919
gum
u )..........
,-------un
e tf!
& C o m m (S
Tee
r &
5 g A -O
6 2 ,0 0 0 A pril 1 1921
D es M o in e s C it y R y r o fu n d ’g [ 1901
m tg e .
$ 3 ,0 0 0 ,0 0 0 .
g o ld I n t . at H arris, F o rb e s & C o .,
N . Y .; also
( 3 1 . 0 0 0 ) ___________c * . n t f (
H arris T r . & S . B k .. C h ic . Trustee. 111. T r .
’
| & S a v . B k . and W m II ile n k le o f C h ic .
D os M o in e s C it y R y G en
1916
5 J-J
3 ,6 3 2 ,0 0 0 Jan
1 1936
R e f M , $ 1 5 ,0 0 0 ,0 0 0 , g o ld
H arris T r . & S a v s. B k ., C h ic a g o , Trustee.
($500 and $ 1 ,0 0 0 )____ c * - - (
Intoresb at N ow Y o r k an d C h ic a g o .
D e b e n tu re s ($ 2 ,COO,000) g o ld f 1916
6 g M -S
1 0 0 0 ,0 0 0 M a r 1 1926
(5 1 .0 0 0 ) ........................ c * n t f\ I n t . a t 111. T r . & S . B k ., C h ic a g o , tru steo.
Bonds.— $ 2 1 8,00 0 G e n . & R o f. M . b o n d s o f 1916 aro reserved t o retire
u n d e rlyin g lions.
F rom th o p ro ce e d s o f th o present Issue, $ 5 0 0 ,0 0 0 In cash
has boon d e p o s ite d w ith th o tru steo an d m ay b o used fo r c o n s tr u c tio n , re­
c o n s tru ctio n an d r e h a b ilita tio n , o r fo r p e rm a n e n t o x ts ., en largem en ts an d
a d d itio n s. A n ad d ition a l $ 1 ,0 0 0 ,0 0 0 b o n d s m a y bo issu ed fo r th o full
a m o u n t o f sim ilar expen d itu res; rem ain in g $ 1 0 ,1 5 0 ,0 0 0 b o n d s m a y o n ly
b o issued fo r 8 0 % o f o x p on d ltu res fo r p o n n . o x t s ., e n largem en ts an d a d d n s.
u nd er c o n s e rv a tiv e re striction s.
B o n d s aro rad. on a n y in t. d a t e a t 105
and in t. M tg e . p ro v id e s fo r an annual e xp e n d itu re , b e g in n in g w ith 1920,
o f 2 0 % o f gross earnings fo r m a ln t., ropairs a n d renew als fo r o x ts.
and ad d n s. fo r w hich n o b o n d s m a y bo issuod, o r fo r th o p u rch a so o r retire­
m en t o f o u ts ta n d in g b o n d s.
V. 102, p . 975 . O f th o $ 2 ,4 1 3 ,0 0 0 re f. m tg o .
b o n d s o f 1901 o u tsta n d in g , $ 2 ,3 5 1 ,0 0 0 h avo beon a cq u ire d a n d d e p o s ite d
under th o gen . & ref. M . , leavin g $62 ,0 0 0 in th o h an d s o f th o p u b lic .
R e f. M . b o n d s ca n b e ca lle d on a n y intorost d a to a t 106 a n d in t . S 'n k .
fu n d $10 ,000 yea rly on A p ril 1 fro m 1906 to 1910, $ 15 ,000 fro m 1911 t o
1915 an d $25 ,000 fro m 1916 to 1920. T h o D os M o in o s S tre e t R R . 1st M .
6s aro d u o $25 ,0 0 0 an n u ally fro m O ct. 1 1914 to O c t . 1 1918 in c l. an d
$10 0 ,0 0 0 d u e O ct. I 1919. T h o d eb en tu res o f 1916 aro c a lla b le oil a n y Int.
d a te u p t o an d Incl. M a r . t 1921 a t 10243 and In t.; th e re a fte r at 101 an d Int.
R E P O R T .— F or y e a r o n d ln g J u ly 31 1916, gro ss, $ 1 ,3 6 8 ,3 9 4 ; n e t, a fter
taxes, $ 4 4 3 ,6 8 9 .
137
R O A D .— O perates 9 5 .1 5 m iles o f tr a c k , 35 t o 1 2 9 -lb . rails.
passenger and 17 s e rv ice ca rs.
OFFICERS.— P r e s ., E m il G . S c h m id t; V . - P . , E . P . S m ith ; S e c ., O . II.
B ern d ; T r e a s ., F . M . H arris: A sst. S e c. & A s s t. T r e a s ., I I . A . D o w .—
V . 9 5 , p . 818 : V . 9 6 . p. 947; V. 9 8 , p . 763; V . 9 9 , p . 1672; V . 100, p . 5 4 ,
308 , 1348. 1672; V . 101, p . 130, 1188. 1885. 214 4; V . 102, p . 712 , 975.
I N T E R U R B A N R A I L W A Y C O .— A tro lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in Io w a t o c o n s tr u c t a sy stem o f
Interurban road s c o n n e c tin g w ith D es M o in e s . T h e D os M o in e s C it y R y .
C o . gu aran tees th e b o n d s, p rin cip a l a n d interest.
STOCK AN D BON DS—
D ate.
Interest.
O utstanding.
M a tu r ity .
________
$ 1 ,1 6 0 ,0 0 0 — ............. S to ck $1 200 000 (3 1 0 0 )____________
1st m o rtg a g e ! sin k in g f u n d ,! 1901
5 g A -O
1 .1 6 0 .0 0 0 A p ril 1 1 9 2 1
gold ($ 1 ,0 0 0 ), g u a r a n te e d !C o n t . & C o m m .T r . & S a v . B k ., C h ic ., 0 rus.
p . & l. b y D es M o in o s C it y I n t. a t H arris, F orbes & C o . . N ow Y o r k , and
Ry
..c * -n t fl
H arris T ru s t & S av in gs B a n k , C h ic a g o .
D e b e n tu re s. $35 0 ,0 0 0 ($ 1 .0 0 0 1 1913
6 J-.I
o , 250 000 Jan
l 1923
and $ 5 0 0 )........................... n t f l l n t . at H arris T r . & S a v . B k ., C h ic ., T r u s te e
Bonds.— O th er b o n d s m ay b o Issued fo r acq u isitio n s an d extensions at
n o t o v e r 8 0 % o f c o s t and at n o t o v o r $16 ,J00 por m ile for now r o a d , b u t o n ly
when net earnings equal 143 tim es all in t. ch arges on b o n d s o u t and th ose to
be issued.
B on ds are s u b j. to call at 105 and in t.
A sin kin g fu n d o f 5 %
o f bal. o f annual net e a rn s., a fte r p a y m o n t o f all ch a rgo s, b e c a m e o p e r a tiv e
A pril 1 1906, and b on d s s o p u rchased are to be kept a llv o fo r p u rposes o f the
fu n d ; $ 1 6 ,0 0 0 Is hold in sin kin g fu n d .I n c lu d o d In a m t .o u ts t a n d in g a b o v e .
D e ben tu res aro red. on a n y in t. d a to a t 101 and Int.
E A R N I N G S .— F o r y e a r e n d in g J u ly 31 1916, g ro ss, $ 37 5,19 4; n e t,
a fte r ta x e s , $ 1 1 3 ,0 6 1 .
R O A D .— O peratas 74-76 m ilas o f track (In cl. sid in gs) c o n n e c t in g D es
M o in e s and C o lfa x , D es M o in e s an d P orry, w ith bran ch to W o o d w a r d .
S tan d ard gauge: 60 and 7 0 -lb . T ra il.
12 p a ss., 132 fre ig h t, 5 s e rv ice cars;
4 lo co m o tiv e s ; 2 express and 2 ca b o o s e c a r s .
C a rs e n ter D es M o ln a s o v e r
tracks o f D es M o in e s C it y R y .
O F F I C E R S .— S am o as fo r D es M o in o s C ity R y . — V . 74 p 680.




R E P O R T .— A n n u al r e p o rt o f th e D e tr o it U n ite d R y . fo r th e y e a r en d in g
DETROIT, MICH.
D e c . 31 1915 w as p u b lish ed in V . 102 , p . 603 .
D E T R O I T U N I T E D R A I L W A Y .— (See M a p page 3 9 .) — T r o lle y .
D e t r o i t U n it e d R y ., R a p id R y . S y s ., S a n d w . W i n d . & A m h e r s t b . R y .,
D e t . M o n r o e & T o l . S h . L i n e R y . a n d D e t . J a c k . & C h ic .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ic h ig a n D e c . 31 1900 an d to o k
1915.
1914.
1913.
1912.
o v e r fra n ch ises and p rop erties o f th o D e tr o it C itize n s ’ Street R y ., th e D e ­
tr o it E le c tr ic R y ., t h e D e tr o it F t . W a y n e & B ello Isle an d th e D e tr o it S u b­ R e v e n u e p a ssen gers_____ 2 7 5 ,5 7 6 ,4 0 9 2 5 2 ,9 6 1 ,2 2 1 2 4 0 ,9 4 0 ,1 3 3 2 0 8 ,5 3 8 ,5 9 4
8 5 ,3 5 4 ,1 3 1 7 4 ,8 3 0 ,2 8 5 6 1 ,3 9 3 ,8 7 7
u r b a n . V . 72, p . 44 ,i8 3 . E m b ra ce s all th e stre e t railw ay lines In D e tr o it . T r a n sfe r passen gers_____ 9 8 ,5 4 1 ,2 1 4
L a ter a b sorb ed b y purch ase th e D e tr o it Sc N o rth w e ste rn R y ., w h ich Is G ro ss e a r n i n g s ............... $13 ,235 ,55 1 $ 1 2 ,2 4 0 ,0 0 4 $ 1 2 ,7 2 3 ,8 2 9 $ 1 1 ,6 9 5 ,5 3 0
O p e ra tin g e x p e n s e s _____ 9 ,3 3 1 ,8 0 4
8 ,7 0 2 ,6 6 0
8 ,6 9 4 ,2 3 1
7 ,7 3 0 ,4 0 9
k n ow n as th e O rch a rd L a k e d iv isio n , th e D e tr o it & P o n tia c R y ., k n ow n
as th e P o n tia c d iv is io n , th e W y a n d o tt e Sc D e tr o it R iv e r I t y ., k n ow n as the
N o t earn s, fr o m o p e r . $ 3 ,9 0 3 ,7 4 7
3 ,5 3 7 .3 4 4 $ 4 ,0 2 9 ,5 9 8 $ 3 ,9 6 5 ,1 2 1
W y a n d o tt e d iv is io n , and th e D e tr o it & F lin t, fo rm e rly th e D e tr o it R o ch e s ­
I n c . fr o m o th e r s o u r c e s .
2 86 ,815
2 7 3 ,7 2 8
2 5 1 ,9 3 7
2 0 8 ,8 5 7
ter R o m e o & L a ke O rion R y ., an d k n o w n as th e F lin t d iv isio n .
O w ns en tire ca p ita l s to c k o f th e D e tr o it & P o rt H u ron S h ore L in e (R a p id
I n c . fro m all s o u r c e s - $ 4 ,1 9 0 ,5 6 2 $ 3 ,8 1 1 ,0 7 2 $ 4 ,2 8 1 ,5 3 5 $ 4 ,1 7 3 ,9 7 8
R a ilw a y S y s te m ); S an d w ich W in d s o r & A m h e rs tb u rg R y . (a cq u ire d in
$ 2 ,1 6 6 ,0 7 2 $ 2 ,1 5 1 ,0 5 8 $ 2 ,1 2 3 ,5 1 3
A u g . 1901): D e tro it M o n r o e & T o le d o S h ort L in e R y . (a cq u ire d in h o b . In te re st a n d ta x e s...........$2,229,801
D iv i d e n d s ................... . . ( 6 % ) 750,000
(6 )7 5 0 ,0 0 0
(6 )7 5 0 ,0 0 0
(5 )6 2 5 .0 0 0
1906) an d th e D etroit J ack son & C h ic a g o R y . T h e last-n a m ed Is a re
750 ,0 0 0
2 9 4 .0 0 0
5 0 0 ,0 0 0
5 0 0 ,0 0 0
org a n iz a tion o f th e D e tr o it Y p sila n tl A n n A r b o r & J ack son R y ., th e J a c k ­ D e p r e c ’ n ch a rg e d o f f ___
C o n tin g e n t lia b . reserve
----------5 0 ,0 0 0
1 00 ,000
100 ,000
s on A n n A r b o r & D e tro it R y . an d th e D e tro it P ly m o u th & N o rth v ille R y .
w h ich w ere a cq u ired in Ja n . 1907. A ls o ow n s th e en tire ca p ita l s to c k o f
$ 3 ,2 6 0 ,0 7 2 $ 3 ,5 0 1 ,0 5 8 $ 3 ,3 4 8 ,5 1 3
T o t a l d e d u c t io n s ____ $ 3,729,801
th e D e tr o it A lm o n t & N orth ern R R ., w h ich it leases fo r 50 years fro m 1915,
$460,761
$ 5 5 1 ,0 0 0
$ 7 8 0 ,4 7 7
$ 8 2 5 ,4 6 5
an d gu aran tees and assum es its b o n d s as a d ir e ct o b lig a tio n , b y endorsem t. Su rplu s in c o m o ............. ..
In A u g . 1901 p u rchased 180 shares (all) o f th e s to c k o f th e C it y E le ctric
D I V I D E N D S .— First d iv id e n d o f 1 % o n D e tr o it U n ite d s to c k w as paid
R y . an d th e P e o p le ’s E lectric L igh t plan t o f W in d s o r, O n t
.
M a r c h 1 1901 and 1 % qu a rte rly thereafter until A u g . 1 1905, w hen rate
F ran ch ises.— O n M a y 22 1916, P res. J. C . H u tch in s w ro te :
C ertain o f was raised to 1 ) 4 % q u a rte rly .
On N o v . 1 1905 1 J 4 % - 1 ° 1906 5 % .
In
t h e fra n ch ises in D e tr o it h a v e exp ired d u rin g th e p a s t several y e a rs.
Those 1907, F e b .. 1 ) 4 % : M a y . 1 ) 4 % ; A u g ., 1 ) 4 % .
N o n e t o M a r . 1911, w hen
fra n ch is es , w h ich rela te t o a b o u t 1 5 % o f th e to ta l m ile a ge , h a v e n o t been 1 ) 4 % w as p aid: sam e a m o u n t q u a r. t o and in cl. D e c . 1912. In M a r c h
re n e w e d , b u t th e D o tr o lt U n ite d R y . co n tin u e s t o o p e r a te these lines in ’ 13 rate w as in crea sed t o 1 ) 4 % q u a r.; sam e a m t. q u a r. t o an d in c l. M a r . '1 6 .
q u estion as h e r e to fo r e , h a v in g m a d e agreem en ts w ith th e c it y a u th orities In Ju n e 1916 in crea sed t o 1 * 4 % : S e p t ., 1 J 4 % fo r rates o f fa re an d exten sion s o f its lines. T h e se co n d itio n s h a v e created
R O A D .— O n J a n . 1 1916 o p e ra te d 838 .6 6 6 1 m iles o f tr a c k , as f o llo w s :
w h a t m a y be ca lled an in d e te rm in a te fra n ch ise w h ich th e m a n a ge m e n t
a n ticip a te s w ill c o n tin u e in fo r c e as h e re to fo re s o lo n g as th e c o . furnishes D e tr o it U n ite d , In clu din g W y a n d o tt e & D o tr o it R iv e r R y ., D e tr o it &
its p resen t e ffic ie n t s e rv ice , a t e x istin g low a vera ge r a t e s .”
F o r d ecision s N o rth w e s te r n , D e t r o i t * P o n tia c , D e tr o it & F lin t, 4 7 4 .6 0 7 5 m iles; D e tr o it Sc
P o r t H u ro n S hore L in e , 133.5146 m iles: S a n d w ich W in d so r & A m h e rstb u rg
rela tin g to F o r t S t. fra n ch ise, seo V . 95, p . 890; v . 9 6 , p . 947 , 1556.
R y ., 4 0 .7 8 8 7 m iles; D e tr o it M o n r o e * T o le d o S h o rt L in o , 8 0 .1 8 0 2 m iles, D o ­
A p p r a is a l o f C om pa ny's P rop erty .— In O ct. 1915 P r o f. M o r tim e r E . C o o le y
filed a re p o r t o f his app ra isal o f th e c o m p a n y ’s p r o p e r ty , w h ich fixes tho tr o it Jack son & C h ic a g o R y ., 109 .575 1 m iles. R a il s ,7 7 . 8 5 an d 9 8 -lb . s te e l,.
v a lu e in the on e-fa re zon e o n J a n . 1 1915 a t $ 2 9 ,7 1 4 ,0 7 9 , o r less d e p r e c ia ­ D o e s an express s e rv ice . H as 1,468 clo s e d passenger ca rs, 263 op en passenger
tio n , a t$ 2 3 ,6 0 8 .6 6 5 ; p h y sica l va lu e o f en tire s y s te m , $ 4 8 ,4 0 0 ,7 6 4 , w ith d o - ca rs , 255 fre ig h t an d c o n s tr u c tio n ca rs . 39 line c a r s , 8 2 express c a r s , 17 m is­
c. con sid ered , $ 4 3 ,0 5 1 ,6 6 2 . T h e v a lu e o f all franchises Is p la ced at cella n eou s c a r s , 4 lo co m o t iv e s , 3 ,9 3 2 m o to rs a n d 3 ,1 8 7 tru ck s. T h e re are 9
Sre
7 ,7 8 3 ,4 8 1 . T o t a l va lu e o f D . U . R y . s y s te m . $ 5 6 ,1 8 4 ,1 6 5 , o r less d e p r o c ., p o w e r h o u se s, w ith a c o m b in e d c a p a c ity o f 6 6 ,8 5 0 h . p . , 2 sto r a g e b a tte r ie s ,
w ith a co m b in e d c a p a c ity o f 4 ,5 0 0 am peres an d 18 su b -s ta tio n s w ith a
$ 5 0 ,8 1 5 ,0 6 3 .
V . 101, p. 1464. C o m p a re V . 100, p . 139, 308.
co m b in e d c a p a c ity or 19.100 k .w .
City Purchase Plan D efeated.— A t th o e lection o n N o v . 2 1915 th o v o te r s
O F F I C E R S .— C h a irm a n o f th o B d ., J . C . H u tch in s , D e tr o it : P res. &
d efea ted th e p lan (V . 1 0 0 ,p. 811; V. 101, p . 614) fo r the a cq u is itio n b y the
c it y o f th e c o m p a n y ’s lines an d p r o p o r ty w ith in th e o n e -fa re z o n e . V . 101, G o n . M g r ., F . W . B r o o k s , D e tr o it ; V .- P s ., A r th u r P a ck , D o tr o it , E . W .
M o o r e , C le v e la n d , an d A . J . F e rg u s o n , M o n tr e a l; V .- P . & T re a s , A llen
p . 1553.
„
„ ,
_
„
G en eral o ffic e s . In te r ­
T em porary A greem ent with C ity.— O n A u g . 8 1913 th e C o m m o n C o u n cil F . E d w a r d s , D e tr o it ; S e c ., A . E . P eters, D o tr o it .
V . 102, p . 1625, 1896, 2 07 7, 2166; V . 103, p . 320 .
rescin d ed th e o rd in a n ce a d o p te d O c t . 26 1909 fix in g th e rental on lines on u rb a n B ld g ., D o tr o it .
w h ich franchises had expired a t $30 0 p er d a y , an d a d o p te d th e re co m m e n ­
(1) D e t r o i t & P o r t H u r o n S h o r e L i n o R y .— A tro lle y r o a d .
d a tio n o f M a y o r M a rx fo r a te m p o ra ry agreem en t fo r th e se ttle m e n t o f
E n tir e o u tsta n d in g c a p ita l s to c k is n o w o w n e d b y th e D e tr o it U n ite d R y .
existin g d iffe re n ce s , i. e. ( V . 9 7 , p . 4 4 3 ):
1. A rate o f fa re (p u t in to e ffe c t A u g . 15 1913) o f 7 tick e ts fo r 25 cen ts
O R G A N I Z A T I O N .— In c o r p o r a te d in M a y 1900. Is a c o n s o lid a tio n o f
o n all c ity lin es, 5 cen ts for sin gle cash fares w ith rig h t o f tra n sfer, w o rk in g ­ th e R a p id R a ilw a y C o . , th e D e tr o it M t , C lem en s & M a rin e C it y R y . (th e
m e n ’s tick ets (u n ch a n ged ) a t 8 tick e ts fo r 25 ce n ts fo r t w o h ours each p urchaser o f th o p rop erties o f th e M t . C lem en s & L a k esid e T r a c tio n C o . and
th e D e tr o it & R iv e r S t . C la ir R y .) , th o P o rt H u ron S t. C lair & M a rin e C it y
m orn in g an d even in g.
2 . T h e p rop osed crosstow n lin e on o r n ear J u n ctio n A v e ., t o b e co n s tr u c t­ R y ., th e C o n n o rs C reek & C lin to n R iv e r P lan k R o a d C o . an d th e C it y
e d ; also c o n n e c t th e M a c k A v e . a n d M y r t le A v e . lin es, as p r o p o s e d , an d E le c tr ic R y . o f P o rt H u ro n . T h e new c o m p a n y ow n s th o ca p ita l s t o c k o f
each r o a d . T h e co n s o lid a te d c o m p a n y op e ra te s all th e tra ck s in M t . C le m ­
oth er extensions (see V . 9 7 , p . 4 4 3 ).
„ , „
3.
$ 75 ,000 to b e p aid t o th o c it y fo r F o rt S t. lin e p rivileges sin c e J u ly 24ens and P o rt H u ro n , and th e th rou gh r o u te fro m D o tr o it t o P o rt H uron
1910: also to pay all b a ck taxes. It is cla im e d b y th e C it y T re a su re r th a t ru n n in g th ro u gh M t . C le m e n s, N ew B a ltim o re , A lg o n a c, M a r in e C it y an d
S t. C la ir . A ls o ow n s th o c a p ita l s t o c k ($ 2 5 ,0 0 0 ) o f th e D e tr o it & L a k e
th e b a ck taxes ag g reg a te $ 5 0 0 ,0 0 0 .
..
4.
T h e co m p a n y to b e re lieved o f th e p a y m e n t o f $300 per d a y in co n sid e r­
S t. C la ir R y .
a tio n o f th e foreg oin g .
STOCK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
5 . T h e existin g rights o f c it y o r th o railw ay shall n o t b e Im paired b y this S t o c k , $ 2 ,5 0 0 ,0 0 3 ($ 1 0 0 )............... ......................... ..
$ 2 ,0 0 0 ,0 0 0 ......................
te m p o r a r y a g reem en t. V . 9 7 , p . 4 4 3 .
____
,, ,
1st m tg e , $ 2 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) / 1900
5 g J -J
2 .1 9 7 .0 0 0 Jan 1 1950
Back Taxes P a id .— O n O c t . 14 1913 taxes ag g re g a tin g $32 3 ,5 9 2 (in cl.
c a n n o t bo c a lle d , g o l d .c * * r l U n ion T r u s t C o . , D e tr o it , T r u s te e .
$ 6 4 ,8 1 4 in t. at 6 % ) w ere p a id t o th e C it y T re a su re r in pu rsu an ce o f the
[I n t. at A m e rica n E x ch . N a t . B a n k , N . Y .
re co n t settlem en t w ith th e c it y (seo a b o v e an d V . 9 7 , p. 4 4 3 ). T h e $ 7 5 ,0 0 0
Bon ds.— R e m a in in g $ 3 ,0 0 3 1st M . b o n d s aro set a sido to rotiro th o b o n d s
fo r b a ck rental o n F o r t S t. w as also p a id .
V . 9 7 , p. 1115.
o f th o P o r t H u r o n S t, C la ir & M a r in o C it y R y .
V . 9 8 , p . 1693; V . 9 9 , p .1 1 9
N ew N o tes.— In D e c . 1915 Issued $ 3 ,5 0 0 ,0 0 0 , 2-y e a r c o ll, tru st n o te s , a
P o r t H u r o n S t . C la ir & M a r in e C it y R a il w a y .
p o r tio n o f proceed s bein g used t o retire n o te s m a tu rin g F o b . 5 1916.
V.
BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
101. p . 1972: V 102, p . 65.
„ „
1st m o r tg a g e , g o ld . $300,0001 1900
5 M -S
$ 3 ,0 0 0 M a r 1 1920
F o r o ffe r in g o f 1st. c o n s o l. M . 4J^s in J u ly 191 6, seo Y . 103 , p . 320 .
($500 an d $ 1 ,0 0 0 ) ............ . . / U n i o n T r u s t C o . , D e tr o it . T ru s te e .
S T O C K A N D B O N D S — 1 D a te.
In terest. O utstanding.
M a tu rity .
T h e rem ain in g $ 2 9 7 ,0 0 0 b o n d s h a v e been ca n c e le d ; $ 1 ,0 0 0 in D o tr o it
U n ite d R y . treasu ry as o f D e c . 31 1915.
S t o c k , $ 1 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . ..................
Q -M
$ 12 ,500 ,00 0 S e p t '1 6 , l ) 4
1st con sol m tg e , $ 2 5 ,0 0 0 ,0 0 0 , f 1902
4 « g W
1 6 .2 7 0 ,0 0 0 Jan
11932
D e t r o i t & L a k e S t . C la ir R y . C o .
g o ld ($ 1 ,0 0 0 )________ c * c p t {G u a r a n t y T r u s t C o . , N . Y . , T r u s te e . I n t .
BO N DS—
D ate.
Interest. O utstanding.
M a tu r ity .
I a t A g e n c y B a n k o f M o n tre a l.
1st m o r tg a g e , $ 4 0 0 ,0 0 0 , g o ld ! 1900
5 g A -O
$39 0 ,0 0 0 A p ril 1 1§20
C o ll tru st n otes $ 3 ,5 0 0 ,0 0 0 g . . 1916
5 F -A 5
3 .5 0 0 .0 0 0 M a y 5 1918
( $ 1 . 0 0 0 ) _________________ c * / I n t . at U n io n T r u s t C o . , D o tr o it , T r u s te e .
D e tr o it U n ited R y . s to c k listed o n th e N o w Y o r k , M o n tr e a l, D o tr o it
Bon ds.— T h e b o n d s are g u a ra n te e d , p rin cipa l and Interest, b y th e D e tr o it
a n d C lev ela n d S to c k E x ch a n g e s.
& P o r t H u ron Sh ore L in e R y ., th e R a p id R a ilw a y C o . and th o D e tr o it M t .
B on ds.— O f th e $2 5 ,0 0 0 ,0 0 0 first co n s o lid a te d m o rtg a g e b o n d s a u th o riz e d , C lem en s & M a rin e C ity R y . T h e y are n o t s u b je c t to ca ll. O f th e $39 0 ,0 0 0
$ 7 ,6 8 0 ,0 0 0 are reserved to retire u n d e rly in g lions. C a lla b le a t 105 an d in t. re p o rte d o u ts ta n d in g , $ 1 0 0,00 0 w ere held b y th e D et U n it. D e c . 31 1915.
rR O A D .— T o ta l D e t. & P ort H uron S y s te m . 133 .514 6 m iles.
o n a n y in t. d a te on 60 d a y s ’ n o tice .
See V . 73, p . 1111; V . 103, p . 320 .
L is te d o n N . Y . S to c k E x ch a n g e . T h e c o ll, trust n o te s are secu red b y
E A R N I N G S .— N o w In clu ded In r e p o r t o f D e tr o it U n ite d R y .— V . 7 7 , p .
d e p o s it o f $ 2 ,5 6 5 ,0 0 0 b on d s o f tho c o m p a n y an d $ 5 ,1 8 1 ,0 0 0 p a r v a lu o o f 3 4 ; V . 8 4 . p . 338 .
b o n d s an d s to c k s o f its su bsidiaries. N o te s are red eem a b le as a w h o le at
(2) S a n d w i c h W i n d s o r & A m h e r s t b e r g R y .— T r o lle y .
101 a n d in t. o n 30 cla ys’ n o t ic e t o F e b . 5 1917, th ereafter a t 100
an d in t.
O R G A N I Z A T I O N .— in c o rp o ra te d u nd er special ch a rte r fro m P r o v in c e
o
f
O n ta rio . O w ns en tire c a p ita l s to c k ($ 1 0 0 ,0 0 0 ) o f th e W in d so r & T e c u m D e t r o i t E l e c t r ic .
seh E le ctric R y . E n tire st o c k o f S a n d . W in d s . & A m h . is ow n e d b y D e t . U n .
D a te.
Interest. Outstanding.
M a tu rity .
S
TOCK AN D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
D e tr o it R y 1st M . g ( $ 1 ,0 0 0 )/ 1895
5 g J -D
$ 1 ,6 0 0 ,0 0 0
1916-1924
S t o c k , $35 0 ,0 0 0 ($ 1 0 0 ).................................. ..............
$ 2 9 7 ,0 0 0 ............. .........
on 56.34 m iles............... c*& r\ In te re st a t C le v e la n d T r . C o ., T ru ste e .
C
o
n
s
o
l
M
t
g
e
,
g
o
ld
,
$600.0001
1902
4
H
g
J
D
6
0
0
.0
0
0
D
e
c 1 1922
Bonds.— First m ortg age bon d s o f th e D e tr o it R y . n u m bered l to 600 m a­
o ld ($ 1 .0 0 0 ) ____________c * /N a t io n a l T r u s t C o . , L t d ., T o r o n t o , T r u s te e .
tu re in order o f n um bers at $ 50 ,000 per a n n u m , begin n in g D e c . 1 1912;
m
l
&
T
e
c
E
l,
$30
0
,0
0
0
,
1907
5
g
M
-S
2
189,000
S
ept
2 1927
n u m bers 601 an d a b o v e m atu re D e c . 1 1924; $ 2 0 0 ,0 0 0 h a v e been r e tire d .
____
________ „gu .p & I ..C * /N a t io n a l T r u s t C o . , L t d ., T o r o n t o , T r u s te e .
g
o ld ($1,000)
B on d s’— S. \V. Sc A m h . b on d s a r o s u b j . to call a fte r D o c 1 1912 at 105.
D e t r o i t F o r t W a y n e & B e lle I s le .
$11 0 ,0 0 0 o f th e b o n d s w ere in th e D e tr o it U n ited R y . treas. D o c . 31 1 91 5.
1st m tg e , g o ld , $ l,2 0 0 ,0 0 0 f 1898
5 g A -O
$ 1 ,2 0 0 ,0 0 0 A p ril 1 1928
W in dsor & T e c u m , b o n d s are g u a r ., p . & 1., b y S an d. W in d so r & A m h e rs tb .
( $ 1 ,0 0 0 ) _______________c * & r }N e w Y o r k T r u s t C o . , T r u s te e . S u b je c t to
R y . T h e y are red. on an d a fte r S e p t. 2 1917 at 105 and int on 60 d a y s '
( call at 105 an d in t. on 60 d a y s ’ n o tice .
n o tice .
Interest on b o th m ortg ages is p a y a b le a t c o m p a n y ’s o ffic e .
In terest a t K e a n , T a y to r Sc C o ., N e w Y o r k .
R O A D .— O perates 4 0 .7887 m iles o f tra ck in an d b etw een W in d s o r , W a lk ervllle . S an dw ich and A m h e rstb e rg, Inclu din g C it y R y . o f W in d s o r (2 .5 2
Detroit & Northwestern Ry.
m ile s), op e ra te d und er lease.— V . 7 5 . p . 1303, 1400.
1st m tg e , $ 1 ,0 0 0 ,0 0 0 . g o l d / 1901
414 g M -N
$ 8 5 5,00 0 M a y 1 1921
(3) D e t r o i t M o n r o e & T o l e d o S h o r t L in e R y .
($100, $ 1 .0 0 0 )___________c * (I n t e r e s t a t U nion T r u s t C o ., D e tr o it, T r u s t.
Bonds.— A ro g u a r ., p . & L , b y D e tro it U nited R y . b y e n d . an d are s u b ­
O R G A N I Z A T I O N .— In c o r p o r a te d In M ich ig a n on D o c . 11 1902.
je c t t o call at 105 an d Int. o n 60 d a y s ’ n o tice . See V . 7 3 , p . 494 .
In F e b . 1906 en tire s to c k was a cq u ire d b y D o t. U n it. R y . V . 8 2 , p . 3 9 2 .
ST O C K A N D BO N DS—
D a te.
In terest. Outstanding.
M a tu rity .
Detroit & P ontiac Ry.
S t o c k , $ 3 ,0 0 0 .0 0 0 .............................................................
$ 2 ,5 8 1 ,0 0 0 .......................
1st m o r tg a g e . $ 0 0 ,0 0 0 , g o l d / 1897
5 g F -A
$50 0 ,0 0 0 F e b
11922
1st
m o rtg a g e ,
$3,00 0 ,0 0 0 ,1 1903
5 g J-J
2 .9 4 1 .0 0 0 Jan 1 1933
( $ 1 , 0 0 0 ) _________________ c * { W a sh in gto n T r u s t C o ., N . Y . , T ru ste e .
g o ld ($ 1 .0 0 0 )____________ c * /U n lo n T r u s t C o . , D o tr o it . T ru ste o .
[In te re st at P e o p le ’s S ta te B a n k , D e tr o it.
Bonds.— Interest is p a y a b le in N e w Y o r k . N o sin k in g fu n d and bond 9
1st c o n m tg e, g o ld ( $ 1 ,0 0 0 ) ,/ 1901
414 g J -D
600 ,0 0 0 Jun e 1 1926 are n o t s u b je c t t o ca ll.
$ 1 ,1 0 0 ,0 0 0 ___________c * & r i l n t . a t W ash in gton T r . C o , N . Y . , T r u s te e .
R O A D .— O perates 50 m iles o f r o a d fro m T o le d o t o D o tr o it and 4 m iles o f
Bonds.— $50 0,00 0 con solid a te d m tg e . 4 1 4 % b o n d s are reserved t o retire r o a d fro m M o n r o e t o L a ke E rie; c o m p le te d N o v . 5 1904. A t T o le d o c o n ­
n
e
ctio
n is m ade .w ith th e L a ke S hore E lectric R y . for C le v e la n d .
Is o f
lik e a m ou n t o f 1st m tge. b o n d s. B o n d s are s u b je c t to call at 105 and Inter­
est on 60 d a y s ' n o tico a fter Ju n e 1 1911. P rincipal an d interest o f b o th steam ro a d co n s tr u c tio n , on p riv a te rig h t o f w ay; sta n d a rd g a u g e , laid w ith
70 lb . T rails. T o t a l tr a c k , 8 0 .1 8 0 2 m iles.— V . 8 2 . p. 392; V . 9 8 . p . 23 5 .
Issues gu aran teed b y D e tr o it U n ited b y e n d orsem en t.
(4) D e t r o i t J a c k s o n & C h i c a g o R y .
W yandotte & Detroit River Ry.
O R G A N I Z A T I O N .— A h o ld in g c o . orga n ized in M ic h . In 1907 b y D e tr o it
U nited interests t o tak e o v e r th o D e t. Y p s il. A n u A r b o r & J a c k . R y .. th e
1st c o n s o l, m tg e , $ 4 2 5 ,0 0 0 / 1898
5 g J -D
$42 5 ,0 0 0 D e c
1 1918
J a ck . Ann A rb o r & D o t. R y . an d th o D e t. P ly m . & N o rth v ille I t y ., p a yin g
($ 1 ,0 0 0 ), g o ld ___________c*\ In te re st at U nion T r u s t C o . , D e tr o it , T ru s te e
th erefor $ 1 ,2 3 0 ,0 0 0 .
E n tire s to c k o w n e d b y D e tr o it U n ited R y .
ST O C K A N D BO N DS—
D a te.
In terest.
O utstanding.
M a tu r ity .
Detroit & Flint Railway.
................
$ 2 5 ,0 0 0 ............... ..
T h e D e tr o it Sc F lin t R y . w as organ ized t o a cq u ire th e D e tr o it R o ch e s te r S t o c k . $ 2 5 ,0 0 0 ( $ 1 0 0 ) . . ................. ..
F
irst
co
n
s
o
l
m
tg
e
.
$
4
,0
0
0
,0
0
0
/
1907
5
g
F
-A
1
,4
0
0
.0
0
0
F
eb 1 1937
R o m e o & Lake O rion , togeth e r w ith th e N o r . D e t. E le c. R y . and th o D e t.
($ 1 ,0 0 0 ), g o ld ___________c * l lilt , a t S e cu rity T r u s t C o . . D o tr o it. T r u s te o .
U tic a Sc R o m e o R y . T h e co n s o l. M . is a 1st lien on those last tw o p r o p 'tie s .
1st co n s M D et Y A A r& J a ck l
1901
5 g F -A
1 ,6 1 0 ,0 0 0
F ob 1 1926
D a te.
In terest. Outstanding.
M a tu rity .
$ 2 .6 0 0 ,000($500.$ 1,0 0 0 )g e * \ I n t. a t D e tr o it T r u s t C o . , D o tr o it, T r u s te e .
D R R & L O R y 1st m t g e ,/ 1900
5 g J -D
$ 1 ,1 0 0 ,0 0 0 Ju n o 1 1920 D Y & A A r 1st M ($ 6 0 0 ,0 0 0 )/
1897
0 g M -N
6 0 0 .0 0 0 N o v 1 1917
sin k in g fu n d , g old ( $ 1 ,0 0 0 ) .{ In terest a t A m erican T r u s t & S av in gs B a n k ,
g o ld ($500 o r $ 1 ,0 0 0 e a c h ) . ( In t. a t U n io n T r u s t C o ., D o tr o it, T r u s te e .
$1,50'>.000; unissued b on d s I C h ic a g o , T ru ste e ; also G u a ra n ty T r u s t Co'.
D e t Y p s & A pn A r c o n s 1st M l
1899
6 g F -A
3 3 0 .0 0 0 F e b 1 1924
h a v e been c a n c e le d _____ c * i
N ew Y ork .
$ 1 ,0 0 0 ,0 0 0 , g ($500 & S l , - f l n t . a t U n io n T r u s t C o ., D e tr o it , T r u s t e e .
D e tr "* t Sc Flint 1st co n s o l M .J 1901
5 g F -A
1,4 0 0 ,0 0 0 A u g
11921
000) sinking fu n d a n n u a lly }
g,
$ 3 ,0 0 0 ,0 0 0 ( $ l , 0 0 0 ) - . c * l l n t . a t T r . C o . o f A m e r ic a , N . Y . t T ru sto eY. p sila n tl Sc Saline 1st M ......................
6 J -J
6 0 .0 0 0 J u ly 1 1 9 1 9
O f th o now D e t. Y p s . & A n n A r b o r & J a c k s o n 1st M . o f $ 2 ,6 0 0 ,0 0 0 .
Bonds.— O f th e con solid a te d m t g e ., $ 1 ,1 0 0 ,0 0 0 aro reserved t o retire
$ 9 9 0,00 0 are reserved fo r u n d erlyin g lions. F irst co n s o ls c a n n o t b o c a lle d .
b on d s o f like a m ou n t o f cho D . R . R . & L a ke O . R y . and $50 0,00 0 h a ve been
c o n c e le d .
C on solid a ted b on d s are u b je c t to call at 100 and Interest See V . 75. p. 666.
B onds.— B on d s o f D e t. J a c k . Sc C h ic , aro s u b je c t to call on a n y Interest
on 60 d a y s ' n o tice .
B oth Issues are gu aran teed b y th e D etroit U nited
R y .; see form o f gu a ra n ty in V . 7 6 , p . 1300; as "a d d itio n a l collateral d a y at 105 and in t. G u a r ., p . Sc 1., b y th o D o tr o it U n ited R y s .; en ou gh
b o n d s are reserved to retiro b o n d e d d e b t o f th o D e t. Y p s . Ann A r b o r * J a c k .
s e c u r ity ” on th e F lint bon d s 1st co n s o l. 4 1 4 % b o n d s o f th o D e tro it U nited
a r e d e p o s ite d , $ for $ , w ith th e G u a ra n ty T r u s t C o . o f N ew Y o r k , and w ould
Ry.
V . 85, p . 345. O f th o a m o u n t r o p o rte d o u ts ta n d in g , $ 5 2 0 ,0 0 0 w o r e
b e a v a ila b le In th e ev en t o f d efa u lt on th e D e tr o it & F lin t b o n d s.
on D e c . 31 1915 In th o D e tro it U n ited treasu ry.




wfi

R O A D .— C o m p le te d a n d In o p e ra tio n fro m D e tr o it (th ro u g h VVayno and
Y p s ila n ti) to A n n A r b o r a n d to J a ck s o n ; m aking m ileage 100 m iles, o f w hich
4 0 m iles o v e r p riv a te right o f w a y. T o t a l tra ck , 109.5751 m iles. R alls
7 0 a n d 7 5 -lb . T g ird e r. D o e s a fre ig h t business.— V . 7 9 , p . 269; V . 8 1 ,
,p . 1723; V . 8 4 , p . 51. 450.

(5)

D etroit Alm ont & Northern R R .—

O R G A N I Z A T I O N .— O rga n ized un d er th e G en eral R a ilr o a d L a w s o f
M ic h ig a n .
Is leased fo r 50 yea rs fr o m 1915 t o th e D e tr o it U n ited R y ..
w h ic h ow n s Its e n tiro ca p ita l s t o c k .
BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
F irst m tg o , g o ld , $ 2 ,5 0 0 ,0 0 0 ] 1915
6 g F -A
$ 40 0,00 0 F e b 1 1940
($ 1 ,0 0 0 & $ 5 0 0 )______c * t f l i n t , a t U n io n T r . C o ., D e tr o it, T r u s . , & N . Y
T h e b o n d s are g u a r, an d assum ed as a d ire ct o b lig a tio n , b y en d o rse m e n t,
b y th o D e tr o it U n ited R y .. w h ich , in th e e v e n t o f an y now issue o f r e fu n d ­
ing o r general m o r tg a g e b o n d s be in g p la c e d o n th e D o t. U n. R y . o r Its s u b ­
sidiaries, w ill reserve s u ffic ie n t new b o n d s fo r th e retirem en t o f th e a b o v e
issuo a t m a tu r ity .
R e d . o n an d a fte r F o b . 1 1925 at, 103 an d in t.
R e­
m a in in g b on d s t o boa r ra te o f in terest as fix e d b y th o d ire cto rs w h en issued
b u t n o t t o o x ceed 6 % .
R O A D .— E x te n d s fro m R o m e o , th ro u gh A lm o n t t o I m la y C i t y , a b o u t
2 0 m ilos; b u ilt o n p r lv a to rig h t o f w a y ; 7 0 -lb . rails.— V . 101, p . 130.

DOYLESTOWN, PA.
P H I L A D E L P H I A & E A S T O N E L E C T R I C R Y . C O .— A t r o lle y r o a d .
R eceivership.— O n A p ril 5 1912 J u d g e R y a n in B u ck s C o u n t y C o u r t a p ­
p o in te d A . H . S ick ler (P res, o f C o .) an d G o d fr e y S ch m idh eiser o f P h ila .
re ce iv e rs . V . 9 4 , p. 699 , 1057. P lan s o f re organ ization a re in progress.
O R G A N I Z A T I O N .— O rga n ized in 1907 as s u ccessor to th e P h iladelph ia
& E a s to n R y . (fo rm e rly th e D o y le s to w n & E a s to n S tre e t R y . ) , s o ld a t
tr u s te e ’s sale M a y 31 1907.
ST O C K A N D BO N DS—
D a te.
In terest.
O utstanding.
M a tu rity
C o m m o n , $ 2 6 5 ,0 0 0 ($ 5 0 )---------------------------$ 2 5 8 ,8 0 0 ------------------P r e f. $ 3 6 5 ,0 0 0 , 5 % n o n -c u m . — 3 5 3 ,8 0 0 ------------------1st M , $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ,? 1907
5 g M -S
9 1 1 ,0 0 0 S ep t 1 1927
$50 0 an d $ 1 0 0 ), g o l d . . _ c * l l n t . a t G irard T r u s t C o . , P h ila ., T r u s te e .
Stock.— Preferred shares h a v e n o v o tin g p o w e r.
B on ds.— N o t s u b je c t t o ca ll an d n o sin k in g fu n d . In te re s t w as 4 % t o
S e p t. 1 1911; is n ow 5 % .
E A R N I N G S r — F o r y e a r e n d in g Ju n e 30 1916. g ro ss, $ 1 0 4 ,6 2 2 ; net*
$ 2 2 ,8 4 5 . In 1 9 1 4 -lo , gross, $ 10 4,26 6; n e t, $ 1 2 ,3 1 8 .
R O A D .— O perates 31 m iles o f ro a d betw een D o y le s to w n a n d E a s to n .
O perates 8 ca rs.
O F F I C E R S .— P r e s ., A . I I . S ick ler, P h ila .; V . - P . , A m o s J o h n so n ; S ec.
W . S. C h a m b e rs , D o y le s to w n ; T r e a s ., H . G . R u s h , L a n ca ste r.— V . 8 5 . p .
_________
470; V . 9 4 , p . 6 9 9 . 1057.

DU BOIS, PA.
D U B O I S E L E C T R I C & T R A C T I O N C O .— A tr o lle y ro a d an d e le ctric"
lig h tin g plan t.
O R G A N I Z A T I O N .— I n c o r p . In N e w Jersey on N o v . 15 1901 as th e A m e r­
ica n T o w n L ig h t C o . and n am e ch a n ge d later as a b o v o .
Is a co n s o lid a tio n
o f th e D u B ois E lec. C o . and th e D u B o is T r a c . C o .
V . 76, p . 9 7 2 .
F ran­
chises fo r b o th s treet railw ay an d ele ctric-lig h tin g are p erpetual an d exclu siv e .
T h o U n ited T r a c tio n S t. R y . (w h ich is a co n s o lid a tio n In 1908 o f th e
U n ited T r a c . S t. R y . an d U n ited T r a c . E x te n . S t. R R .) , w ith $ 2 0 0 ,0 0 0 o f
5 % b on d s an d $ 2 0 0 ,0 0 0 s t o c k , w hich op e ra te s a line 14 m iles fro m D u B o is
t o S yk esv illo a n d B ig R u n , is c o n tro lle d a n d o w n e d b y sa m e interests th a t
c o n tr o l th e D u B ois E lec. & T r a c . C o .
ST O C K A N D BO N DS—
D a te.
In terest.
O utstanding.
M a tu rity .
- ——,•- - $ 3 0 0 ,0 0 0 ..................
S t o c k . $ 30 0,00 0 ($ 1 0 0 )-------- - - - - C o lla t tru st m tg e . $ 3 0 0 ,0 0 0 ? 1902
5 g M -N
2 9 7 .0 0 0 M a y 1 1932
.
g o ld ........ - C * n t f l i n t , a t C o lu m b ia T r u s t C o . , N . Y . , T ru ste e .
B
— N o sin kin g fu n d , b u t s u b je c t to call a t a n y tim e a t 105 an d in t.
E A R N I N G S .— F o r y e a r e n din g Ju n e 30 1916.
U nited Traction St. « y . — G ro s s . $45 ,516 ; n et, a fte r taxes, $ 1 4 ,9 3 4 ; Int.
o n b o n d s . $10 ,000 ; d iv id e n d s ( 2 % ) , $4,000: surplus, $934.
D u B ois T raction C o .— G ross, $52 ,249 ; n e t, a fte r ta x e s, $ 1 9 ,0 7 1 ; b o n d
In terest, $3 ,5 0 0 ; d iv s. ( 3 H % ) . $1,750; d e p re cia tio n , $ 4 ,4 1 7 ; s u r ., $ 9 ,4 0 4 .
R O A D .— O perates 19 m iles (In clu din g U ntted T r a c . S t. R y .) In D u B ois
a n d extensions t o Fall C re e k , S yk e sv illo an d to B ig R u n , w here c o n n e c tio n
Is m a d e w ith tra ck s o f th e Jefferson T r a c tio n C o . S ta n d a rd g a u g e ; 60 an d
7 0 -lb . girder a n d T rail.
O F F I C E R S .— P re s .. A u stin B lakeslee; V . - P . , W a lte r H a tte n ; S e c ., M . I .
M c C r e ig h t; T r e a s .. B . B . M c C r e ig h t. all o f D u B o is .— V . 8 9 . p . 1667.

DUBUQUE, IOWA.
D U B U Q U E E L E C T R IC C O .
.
O R G A N I Z A T I O N — O rganized in D ela w a ro Ju n o 3 1916 a n d a c q u ir e d
t h e U n ion E le c tr ic C o ., o f D u b u q u e , (see E l c c .R y . ” S e ctio n fo r M a y 1916).
D o e s th o en tire ele ctr ic lig h tin g , p o w e r a n d s treet r a ilw a y business in D u -

v___ _ .. .. .1 . . L i l . i l f A Ion col la UfUVPP In f be IP

r___ v . n •»

1904 h a v e been called fo r p a y m e n t o n N o v . 1 1916 a n d 105 a n d in t .— E d .]
STO C K A N D BON DS—
D a te.
In terest. O utstanding.
M a tu rity
C o m s to c k $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ).........................................
$60 0 ,0 0 0
P r o f 6 % cu m $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ) ------Q -M
7 5 0 ,0 0 0 _ ...............
1st M $ 6 ,0 0 0 ,0 0 0 ($500 & $1 , - ( 1 9 1 6
5 J -D
2 ,3 0 0 ,0 0 0 J u n oT i925
000 ) red a t 101 & in t o n ( I n t . a t C h ic a g o o r N o w Y o r k . C en tral
60 d a y s ’ n o t i c e ------------ c p t l
’Ir u s t C o ., o f Illin o sis, T r u s tc o .
Stock.— P r e f. s t o c k is ca llab le a t 110 an d d lv s . a n d has equ a l v o t in g p o w e r
w ith c o m m o n .
V . 103, p . 410.
B on d s.— S ecu red b y an a b so lu te fir s t a n d o n ly m o r tg a g o o n all th e c o ’s
p r o p e r tie s , rig h ts a n d fra n ch ises. A d d 1 b o n d s m a y b o issued fo r o n ly 8 0 %
o f c o s t o f p erm a n en t a d d ’ns an d im p ts . an d th en o n ly w h on n e t earn s, fo r
p re ce d in g 12 m on th s h a v o been a t least 1 'A tim es th o in t . o n b o n d s o u t­
s ta n d in g and th oso t o b o issu ed. Sinking fu n d fro m Ju n o 1 1917, 1 0 % o f
gross ea rn s., e ith er t o p u rcliaso b o n d s o r call th em a t 101 a n d i n t ., o r fo r
im p ts ., & c. V . 103, p . 410 .
E A R N I N G S .— F o r y e a r e n d in g M a y 31 1916, gross, $ 5 5 3 ,6 8 6 , a g a in st
$ 5 1 1 ,2 4 8 In 1914-15; n e t, $ 2 4 1 ,2 4 1 , again st $2 0 2 ,6 2 3 .
P R O P E R T Y . — P ow e r s ta tio n w ith 9,5 0 0 k . w . ge n e ra tin g c a p a c it y ;
a b o u t 220 m ilos o f transm ission and d is trib u tin g lines; 2 0 .7 m iles o f tra ck
in c it y an d s u b u r b s , s u b sta n tia lly all 7 0 -lb , rail; 9 0 cars.
O F F I C E R S .— P r e s ., I . C . E ls to n , J r ., C h ica g o ; V .- P ., I I . B . M a y n a r d ,
W a t e r lo o , l a . — V . 103, p . 410 .

DULUTH, MINN.
DULUTH-SUPERIOR TRACTION .— Trolley.
O R G A N I Z A T I O N .— In co rp o ra te d in C o n n e c tic u t In 1897. O w n s entire
s t o c k o f th e D u lu th Street R y ., th e L a keside S treet R y . an d th e S u p erior
R a p id T ra n sit. T h e c o r p o r a te e xisten ce o f th o D u lu th S treet R y . is m ain­
ta in ed . b u t all o r Its s to c k ($ 2 ,0 0 0 ,0 0 0 a u th o riz e d , $ 1 , 8 0 0 ,0 0 0 o u ts ta n d in g )
is held b y the D u lu th -S u p e rio r T r a c t io n . T h is latter c o m p a n y has n o
b o n d e d d e b t . T h e D u lu th S treet R y . w as organ ized under A c t o f M in n e ­
s o ta a p p ro v e d N o v . 17 1881 an d possesses “ an exclu sive fra n ch ise ” w hich
runs u n til 1931.
See de cisio n w ith regard to fra n ch ises In S u p erior
in V . 8 0 , p . 1911.
T h e D u lu th -S u p e rio r B rid ge betw een
D u lu th .
M in n ., an d S u p erior, W Is ., is used b y tho ra ilw a y b u t is a s ep arate c o r p o r a ­
t io n , an d has Issued 1st M . b o n d s fo r $ 65 0,00 0 and 2d M bo n d s fo r $30 0,00 0
— see bridge Item s. V . 6 3 . p. 310 , 504. In 1903 en tered Into c o n tr a c t w ith
th e Oro-at N orth ern P ow er C o . t o s u p p ly s u fficie n t pow er to o p e ra te th e
street railw ays In b oth citie s. T h e d e liv e ry o f p ow er was begun In 1908.
Franchise D ecision .— On M a y 23 1914 J u d g e C a n t In the S ta te D is trict
C o u r t han ded d o w n a d ecision fa v o r a b le t o th e c o m p a n y In the suit b ro u g h t
b y th e c it y o f D u lu th to ca n ce l th e fra n ch ise gran ted to th e D u lu th Street
R y . o n N o v . 17 1881 (V . 9 8 . P - 1694) .a n d this de cisio n w as a ffir m e d b y th e
M in n e s o ta S u p rem e C o u rt on Jan . 29 1915.
V. 100, p . 473.
D ec is io n .— O n Ju n e 21 1916 tho W ise. R R . C o m m , rescin d ed Its ord o r
o f N o v . 1912 req u irin g th o D u lu th St. R y . to establish a ra te o f 6 tick e ts
fo r 2 5 c . o n its S u p erior lines, in a d d itio n t o th e 5 -co n t cash faro in fo rc e .




STO C K A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
Q -J
$ 3 ,5 0 0 ,0 0 0
See tex t
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ($ 1 0 0 )............. P r e f 4 % c u m ,$ l,5 0 0 ,0 0 0 ( $ 1 0 0 ) ____
Q -J
1 ,5 0 0 .0 0 0 O ct. T 6 , 1 %
D u lu th St R y M , $2,5 0 0 ,0 0 0 ,1 1900
5 g M&N
2 ,5 0 0 ,0 0 0 M a y 1 1930
g o ld ( $ 1 ,0 0 0 ) - .......... .. - c * t f l i n t , a t C e n t. T r u s t C o ., N . Y . , T r u s te e .
D u l St R y gen xM $ 2 ,5 0 0 ,0 0 0 ./ 1910
5 M -N
9 1 0 ,0 0 0 M a y 1 1930
g o ld ($1 ,0 0 0 ) sk f d . . c * n t f (I n t . a t C en tra l T r . C o . , N . Y . , T r u s te e .
Stock.— B o th c o m . an d p re f. are listed o n N . Y . S to c k E x ch . V . 9 0 , p . 8 4 8 .
Bonds.— T h e m tg e . o f 1900 c o v e r s all th e m ileage o f th e D u lu th Street R y .
th e p r o p e r ty o f th e L a keside S t. R y . a n d o f th e S u p erior R a p id T ra n sit
h avin g first been c o n v e y e d t o the D u lu th S t. R y .
T h e g e n . m tg e . b o n d s are
s u b j. t o c a ll o n a n y in t. d a y a t 105 an d in t . $ 8 1 ,0 0 0 n a v e b e e n c a n c e le d .
R e m a in in g b o n d s m a y b e issu ed fo r a d d itio n s , e x te n sio n s, & c . T h e y are
g u a r ., p . & i ., b y D u l.-S u p . T r a c t . C o .
V . 9 0 , p . 1296; V . 9 1 , p . 276 ;
V . 9 2 , p . 186.
D ividends.— O n th e p re f. s to c k 4 % p . a . is b e in g p a id . O n c o m ., 1st d iv .
— 1 % — O c t . 1909. S am e a m o u n t q u a r. t o a n d in cl. J u ly 1910: In O c t .
1910, I M % .
Sam e am o u n t q u a r. t o a n d in c l. A p ril 1913.
In J u ly 1913
redu ced t o 1 % ( V . 9 6 . p . 1772); sam e a m o u n t q u a r. to an d in c l. J a n . 191 5.
A p ril d lv . o m itte d ( V . 100, p . 9 0 0 ); p a y m e n ts ch a n g e d t o sem i-a n n u a l
basis an d a d iv . o f 1 % p a id J u ly 1915 (V . 100, p . 143 7). N o n e sin ce.
R O A D .— T h e system em braces a b o u t 87 m iles o f tra ck a n d in clu d es a ll
th o lines in D u lu th an d Superior. A n exten sion t o th e n ow U. S. S te e l
C o r p s .’ p la n t lo ca te d a b o u t 3 H m iles b e y o n d th o c o . ’s w estern te r m in u s ,
w as co m p le te d an d p la ce d in o p e r a tio n J u n e 12 1916. 127 p a sse n ger a n d
12 o th e r cars.
R E P O R T .— F o r ca le n d a r y ears (1915 r e p o r t in V . 102, p . 1 2 4 4 ).
Calendar
G ross
N et (a fter I n t. & P r e f.D iv s . C om m on
B a t.,
Y ear—
E a rn in g s. D e p r e c 'n ). Taxes.
(4 % ).
D ivid en d s.
S u rp .
1 9 1 5 ..................$ 1 ,1 7 9 ,9 6 0 $ 33 8,95 2 $ 24 2,53 0 $ 6 0 ,0 0 0 (1 % )$ 3 5 ,0 0 0 $ 1 ,4 2 2
1 9 1 4 ............. .... 1.31 3 :5 6 4 4 5 3 :5 7 2 24 3 ,8 9 2 6 0 ,0 0 0 (4 % )1 4 0 ,0 0 0 9 ,6 8 0
In 1915 ca rrie d 2 3 ,1 8 5 ,9 7 0 ro ve n u o an d 4 ,0 3 5 ,7 5 2 tran sfer p a ssen g ers,
aga in st 2 5 ,9 1 2 ,1 5 5 and 4 ,3 7 5 ,2 1 7 in 1914.
O F F I C E R S .— C h a irm a n o f th e B o a rd , A . E . A m e s; P r e s ., A . M . R o b e r t ­
so n ; V . - P . , E d m u n d Z a ch e r; V .- P . & G e n . M g r ., H e rb e rt W a rre n ; S e c . &
T r e a s ., S. L . R e ic h e r t.— V . 9 8 . p . 522 , 906 , 1694; V . 9 9 . p . 406 ; V . 100, p .
4 7 3 , 8 1 2 , 9 0 0 , 143 3, 1437, 2 00 9; V . 102. p . 1060, 1244.

EAST LIVERPOOL, OHIO.
EAST LIVERPOOL TRACTION & LIGHT.
W a s leased t o T r i-S ta te R y . & E le c . C o . , b u t lease w as su rren dered
A p ril 1 1914 (V . 101. p . 9 2 4 ).
O R G A N I Z A T I O N .—-In co r p o r a te d in O h io o n S e p t. 30 1905 a n d is a
c o n s o lid a tio n o f th e fo llo w in g c o m p a n ie s (see V . 8 1 , p . 1791):
C e r a m ic C it y L ig h t C o .
G la sg o w R R .
C h e ste r L igh t & P ow er C o .
Isla n d R u n C o a l C o .
E a st L iv e r p o o l R y .
P e o p le ’s L ig h t & P ow er C o .
E a st L iv e r p o o l B ridge C o .
U n ite d P o w e r C o .
E ast L iv e r p o o l & R o c k S p g s. S t. R y . W e llsv ille E le c tr ic L ig h t C o .
E a stern O h io R R .
T h e R o c k S prings P a rk .
F ran ch ise ex te n d s t o 1950.
STO C K A N D BON DS— '
D a te.
Interest.
Outstanding.
Maturity.
C o m m o n , $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )...............
.............
$2,500,000 ...................
P r e f.. 5 % n .c .,$ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ------.............
500,000 ...................
First m t _______________
g e ., $ 5 ,0 0 0 ,0 0 0 , __________
g o ld ! 1905
5 g M -N
2,850,000 Nov 1 1925

($1,000)------------------------ c /In t. at Union Trust C o., Pittsburgh, Trustee
___
5%
150,000 June 1 1917
East Liverpool Ry first mtge
Bonds.— Of the $3,000,000 first mortgage of 1905, $150,000 are reserved
to retire like amount of East Liverpool Ry. bonds. Are subject to call on
any Interest date at 105.
ROAD.— Owns and operates 35.85 miles of track In and between East
Liverpool and Wellsville. Standard gauge, 73-lb. girder and T rail. At
Wellsvllle connects with the Steubenville & East Liverpool Ry. & Light C o.
and at East Liverpool with the Ohio River Pass. Ry. By traffic agree­
ments with these two companies operates a through line between Steuben­
ville, O., and Beaver, Pa. 55 cars.
OFFICERS.— Pres. & Treas., Edward McDonnell, East Liverpool!
V.-P. & Gen. M gr.. C. A. Smith, Chester, W. Va.; Sec., Geo. H. Faulk.—
V. 81. p. 1791; V. 82. p. 804; V. 90, p. 1490; V. 93, p. 163.
STEUBENVILLE & EAST LIVERPOOL RAILW AY & LIGH T CO.
Was leased to Tri-State Ry. & Elec. C o., but lease was surrendered
April 1 1914 (V. 101. p. 924)
ORGANIZATION.— Incorp. In Ohio April 1906 as successor to the Steu­
benville Trac. & Light C o., which in Jan. 1901 had taken over the Steuben­
ville Gas & Elec. Co. and the Steubenville Trac. Co. Owns the Pleasant
Heights line. Light franchises perpetual; street railway franchises expire
1925 to 1928. Bonds listed on the Philadelphia Stock Exchange.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. $3,000,000 ($100).............- .................
$3,000,000 .............- - ­
First mortgage. $3,000,0001 1907
5 J-J............2,210,000 Jan 1 1927
($1,000) .gold........ ............c/In t. at Commercial Tr. Co., Phila., Trustee.
8teuben Trac & Lt 1st mtge,) ___
5 g M-N
790,000 May 1 1926
$1,000,000 ($1,000). g-.c*| Int. at Metropolitan Tr. C o., N. Y .. Trustee
Bonds.— Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens. Cannot be called. Steubenville Trac. & Light bonds are
guaranteed, principal and interest, by American Gas Co.
ROAD.— Owns and operates 41.04 miles of track In and between Steu­
benville and Toronto, thence to Wellsville. 85-lb. rail. 17 closed and 14
open cars. Also electric-light and gas plants and pleasure park of 85 acres.
OFFICERS.— Pres. & Treas., Edw. McDonnell; Sec., Geo. H. Faulk.
Gen. M gr., W. R. W. Griffin.— V. 93. p. 165.

OHIO RIVER PASSENGER R Y .
ORGANIZATION.— Incorporated In Pennsylvania. Was leasod to the
Steubenville Wellsville & Weirton Ry. Co., but lease was canceled.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
stock. $ 1 ,0 0 0 ,0 0 0 ($50)................ .
--------------­
First mtge. $1,000,000, g old -. 1907
5 J-J
1,000,000 Jan 1 1957
ROAD.— Connects Rochester and Beaver, Pa., and East Liverpool. O.
Length of line, 22.48 miles.
OFFICERS.— Pres, and Treas., Edw. McDonnell; S.ec., A. Bacon;
Gen. M gr., W. R. W. Griffin, all of East Liverpool.

EASTON, PA.
NORTHAMPTON TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p . In P e n n . O c t . 3 1902 as a c o n s o lid a tio n o f
th e E a sto n & N azareth R y . and E a ston T a ta m y & B a n g o r S treet R y .
O w ns p r a ctica lly all th e s to c k ($ 1 ,2 5 0 ,0 0 0 ) o f the N o rth a m p to n E a s to n &
W a sh in g to n T r a c . C o . (see th a t c o m p a n y b e lo w ).
Franchises p e r p e tu a l.
In th o la tte r p a rt o f 1915 a b so rb e d th e B a n g o r & P o r tla n d R y . o p e ra tin g
8 % m iles b e tw e e n th o poin ts n a m e d , an d issued $13 7 ,0 0 0 a d d itio n a l r e f. &
c o n s , b o n d s t o e ffe c t th e m erger. V . 102 , p . 345 .
ST O C K A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu rity .
S to c k . $ 5 0 0 ,0 0 0 ($ 5 0 ) ...................................................
$ 50 0,00 0
. . . ................
F irst m o r tg a g e $ 4 0 0 ,0 0 0
\ 1903
5 g J -J
3 4 9 .5 0 0 Jan 1 1933
g o ld .................................. c ’ t f / I n t . a t N o r th a m p to n T r . C o (E a s t o n ), T r u s .
R e f & co n s m t g e ______________ 1912
5%
4 3 7 ,0 0 0 Jan 1 1942
B onds.— A sin k , fu n d o f 10 % o f n e t earns. Is n o w o p e r . o n N o rth a m p to n
T r a c . 1st M . b o n d s , b u t b o n d s c a n n o t b e c a lle d .
E A R N I N G S .— C o m b in e d earn in gs o f N o rth a m p to n T r a c . C o . a n d
N o rth a m p to n -E a s t. & W ash . T r a c . fo r y ear en d in g A u g . 31 1916, g ross,
$19 6,35 7; n e t, a fter taxes, $83 ,723 ; ch arges, $ 4 4 ,7 0 0 ; su rp lu s, $ 3 9 ,0 2 3 .
R O A D .— O porates 33 *4 m iles o f tra ck fro m E a s to n t o T a t a m y , N a z a r e th ,
B a n gor a n d P o rtla n d , c h ie fly o n p r iv a te r ig h t -o f-w a y . S ta n d a rd g a u g e ,
6 5 , 70 an d 8 0 -lb . steel rail.
O F F I C E R S . — P res.. D a v id K in g ; T r e a s .. W m . L . D o y le : G e n . M g r .,
W . O . H a y .— V . 9 2 . p . 726; V . 9 4 , p . 1384; V . 102, p . 3 4 5 .

(1) N ortham pton-Easton & W ashington T raction Co.
O R G A N I Z A T I O N .— I n c o r p . In 1910 In N e w J ersey a n d Is c o n tr o lle d
b y the N o rth a m p to n T r a c . C o . (see a b o v e ) .

STO CK A N D BON DS—
D a te.
In terest.
O utstanding.
M a tu r ity .
S to c k $ 1 ,2 5 0 ,0 0 0 ($ 1 0 0 )_ _________ _______________
$ 1 ,2 5 0 ,0 0 0 ....................
1st M $ 3 ,0 0 0 ,0 0 0 g ( $ 1 0 0 ,/ 1910
5%
539 ,000 M a y
1950
$50 0, $ 1 , 0 0 0 ) ____ s f c * t f (B a n k e rs T r u s t C o . , N e w Y o r k , T r u s te e .
R e fu n d & c o n s o l m o r tg a g e ) 1912
5%
2 0 0 .0 0 0 J a n . 1 1942
$ 1 .0 0 0 ,0 0 0 ---------------------------(E a s t o n T r u s t C o . . T r u s te e .
Bon ds.— N o r t h a m p .-E a s t . & W a s h . T r a c . b o n d s are ca lla b le . In w h o le or
In p a rt, from M a y 1 1915 u n til 1925 a t 110: thereafter until 1935 a t
1 0 7 th ereafter until m a tu rity a t 105 an d ln t. M t g e . Is clo s e d . Sink,
fu n d 1 % a n n u a lly o f a v g e . a m o u n t o f all b o n d s o u t fro m 1915 t o 1925: 1 14 %
t o 1940 an d 2 % th erea fter. B o n d s are u n c o n d itio n a lly g u a r ., p . & 1.,
b y N o r th a m p . T r a c . C o . ( V . 9 2 , p . 7 2 6 ).
T h e re are d ep o s ite d to secu re th e N o r t h a m p .-E a s t . <fe W a s h . 1st M . 5s
th e fo llo w in g b on d s o f the N o rth a m p to n T r a c tio n C o .: $ 4 4 ,0 0 0 1st M . ,
$ 1 0 0 ,0 0 0 2d M . (en tire Issue) an d $ 8 1 ,5 0 0 g e n . M . (en tire Issue).
E A R N I N G S .— In c lu d e d In N o r th a m p to n T r a c . C o .'s sta te m e n t.
R O A D .— O p erates 17 m iles o f tra ck fro m P h llllp s b u rg , N . J . , t o W a s h ­
in g to n . N . J .

EAST ST. LOUIS, ILL.
T H E E A S T S T . L O U IS & S U B U R B A N C O .— T r o lle y .
R E O R G A N I Z A T I O N , & C .— A s per plan In “ C h r o n ic le " o f D e c . 20
1913. p. 1822, this c o m p a n y w as In co rp o ra te d Ja n . 7 1914 In D e la w a re to
su cceed th e old E a st S t. L o u is & S u b u rban C o . o f N . J .I n O c t . 1914 au th .
ca p ita l o f th e la tter w as red u ced from $ 1 4 ,0 0 0 ,0 0 0 t o $ 1 ,0 0 0 ,0 0 0 . co n sistin g
o f $60 ,0 0 0 pref. s to c k an d $9 4 0 ,0 0 0 c o in , s t o c k .
See V. 100, p. 474.
O w ns a<I th e o u ts ta n d in g ca p ita l s to c k s (w ith th e e x ce p tio n o f d ir e cto r s '
shares) an d b o n d s as s ta ted o f th e fo llo w in g co m p a n ie s .
T h e a m o u n ts
p led g ed w ith th e S t. L o u is U nion T r u s t C o . as c o lla te ra l fo r th e E a s t S t.
L o u is & S u b u rban C o . c o ll, trust b o n d s are also sh o w n .
--------------- Stock-------------------------------Bonds-------------Owned.
Pledged.
Owned.
Pledged.
E a st S t. L . & S u b . R y . C o . . $ 4 .0 2 5 .0 0 0 $ 3 ,8 2 4 ,3 0 0 $ 4 ,0 0 0 ,0 0 0 $ 3 ,8 3 4 ,0 0 0
E a s t S t. L ou is R y . C o _______ 1 ,889,700
1.8 0 5 ,5 0 0
1 .8 8 9 ,0 0 0
1 ,799.000
S t . L . & E . S t. L . E l. R y .C o .
5 0 0 .0 0 0
4 9 9 .5 0 0
5 0 0 .0 0 0
5 0 0 .0 0 0
S t . L . & B e lle v . E l. R y . C o . .
7 5 0 .0 0 0
750 ,0 0 0
E a st S t. L . L t . & P ow er C o . .
9 7 6 .5 0 0
7 3 3 .0 0 0
A lto n G ra n . & S t. L . T r . C o . 3 .0 0 0 .0 0 0
157 ,000
A lto n G as & E le c tr ic C o ____
500 .000
T h e se c o m p a n ie s ow n and o p e ra te all e le ctric ra ilw a y lines In E a s t 8 t .
L ou is an d A lton an d Interurban lines t o B e lle v ille , E d w a rd s v ille . C o llin s ­
v ille , C a s e y v ille , O ’ F a llo n , M a r y v ille , L e b a n o n , B r o o k ly n , V e n ice , M a d i­
s o n , G ra n ite C it y a n d A lt o n , and th e o n ly e le ctr ic lino across th e E a ds
B rid g e— th e la tter u n d er a 5 0 -y r . e x c lu s iv e c o n tr a c t fro m 1902 t o o p e ra to
cars o v e r this b rid g e . T h ro u g h arran gem en t w ith III. T r a c . C o . th e Inter­
u rb a n cars fro m A lto n are ruu Into th eir term in al In S t. L o u is . A ls o d o on tlro
e lectric lig h tin g and p ow er business in E a st S t. L o u is an d the e le ctr ic , gas
a n d steam h ea tin g business in A lt o n . A large co a l business is also ca rried o n .
Fran ch ises in E a st S t. L o u is , E d w a rd s v ille , C o llin sv ille and B e llo v illo
ex p lro in 1947, 1948 an d 1952: L e b a n o n and O ’ F a llo n In 1922; C a s e y v ille ,
1919. T h e A lto n r a ilw a y , e le ctr ic -lig h t an d p o w e r fra n ch ises exp ire In
1948: th e A lto n gas fra n ch ise is p e rp e tu a l: G ra n ite C it y an d M a d is o n fr a n ­
ch ises ex p ire in 1925: V en ice fra n ch ise In 1920; .B r o o k ly n fra n ch ise In 1921.
T h e in teru rb a n lin e t o A lt o n , o u ts id o o f c it y lim its, is e n tire ly o n p riv a te
rig h t o f w a y . C o u n t y fra n ch ises c o v e r in g rem ain in g su b u rb a n linos exp ire
fr o m 1919 t o 1948. E le c t r ic lig h t an d p o w e r fra n ch ise In E a s t S t. L o u is
expires 200 7.
P ow er.— E a rly In 1913 m a d e c o n t r a c t w ith M ississip p i R iv e r P o w e r C o
fo r s u p p iy o f h y d r o -e le ctr ic p o w e r fro m K e o k u k fo r stre e t r a ilw a y , light
a n d p ow er p u rp oses.
STOCK AN D BO N DS—
D a te.
In terest.
O utstand ing.
M a tu r ity .
C o m m o n , $ 7 ,0 0 0 ,0 0 0 ($ 1 0 0 )_______
________
$ 7 ,0 0 0 ,0 0 0 ......................
F irst p ref. 6 % c u m _________________
________
See text
____________
P referred $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) 1 ........
...............
6 .0 0 0 .0 0 0 A u g /1 6 . % %
5 % c u m ___________________ I
C on vert
b on d s $ 3 ,0 0 0 ,0 0 0 ), 1914-6 J-J
2 ,0 0 0 ,0 0 0 Jan 1 1919
($ 1 ,0 0 0 . $50 0 & $ 1 0 0 ) - c * t f P e n n a . C o . fo r In s . on L . & O r . A n n ., P h lla .,
tru stee. I n t . a t o ffic e o f c o m p a n y .
C olla tera l trust m o r tg a g e $ 8 ,­
1902
5 g A -O
8 .0 0 0 .0 0 0 A p ril 1 1932
0 0 0 ,0 0 0 g old ( $ 1 ,0 0 0 ) .c * t f In te re st a t S t. L o u is U n ion T r . C o . , T r u s te e ,
or at E . W . C lark & C o . , P h ila d elp h ia .
A G & St L ou is T r a c C o 1st 1904
5 g F -A
2 ,4 8 3 .0 0 0 A u g 1 1 9 4 4
co n s o l M , $ 3 ,0 0 0 ,0 0 0 gold I n t. at Illin ois S ta te T r . C o . , E ast S t. L o u is,
(..$ 1 .0 0 0 ) ........................... c * t fT r u s te e ,
or a t N a tio n a l C it y B a n k , N . Y .
A lto n R y & Iliu m first m tg e l
1895
5 g A -O
2 5 0 .0 0 0 O c t . 1 1939
$ 2 5 0 ,0 0 0 g ( $ 1 ,0 0 0 ) ..-C * tf| I n t . a t B ankers T r . C o . , N . Y . , trustee.
A lto n R y G as & E le c tr ic C o f 1899
5 g A -O
2 50 ,000 O c t . 1 1939
m tg o
$ 5 0 0 ,0 0 0
($ 1 ,0 0 0 )( I n t . a t E q u ita b le T r . C o . , N . Y . , trustee.
g o l d ---------------------------- c * n t f (
N o sinking fu n d : b o n d s c a n n o t be ca lle d .
E a st St L L t & P ow 1st M f 1910 5 g J -D
9 7 3 ,0 0 0 Jun e 1 1940
g , gu ar p & 1 ($ 1 ,0 0 0 ) c * t f j I n t . at M e rca n tile T r . C o ., St. L ouis, T ru ste e
( and a t C h ase N a t . B a n k , N ew Y o r k .
Stock.— T h e 5 % c u m . p r e f. m a y b e e xch an g ed a t a n y tim e fo r 5 0 % o f
6 % c u m . p ref and 5 0 % c o m . s t o c k . T h e 6 % p re f. takes pre ce d e n ce b o th
as t o d iv id e n d s an d assets o v e r th e 5 % p r e f. an d th e co m m o n s t o c k .
V.
0 7 , p. 1822; V . 0 8 , p. .104, 155.
Bon ds.— C o ll, tru st b o n d s are r e d e e m a b le o n a n y ln t. d a y at 105 and
Int. on 4 w eeks' n o t ic e . See V. 76. p. 3 8 2 . T h e c o n v e r tib le 5s are c o n v e r t ­
ible a n y tim e b e fo r e J u ly 1 1918 Into an e qu a l a m o u n t o f 6 % cu m . pref.
s to c k and In a d d itio n 33 1 -3 % In new c o m m o n s t o c k . T h e rem ain in g $ 1 ,­
0 0 0 ,0 0 0 m a y b e issued a t a n y tim e . $ 5 0 0 ,0 0 0 o f th e A lto n G ra n ite
& S t. L . T r . 1st c on sols are reserved fo r p rio r liens an d $ 1 7 ,0 0 0 for im p ts .,
e x t s ., & c. T h e y are also a lien o n p r o p e r ty o f A lto n G as & E le ctric C o .,
w h ich was ow n ed b y the A lto n G ra n ite & S t. L o u is T r a c tio n C o ., w hen the
m tg o . was m a d e.
N o sin k in g fu n d s, b u t b o n d s are s u b je c t to call on an y
Int. d a te a t 110 an d ln t. u p o n 90 d a y s ’ n o t ic e . T h e A lto n R y . & Iliu m . 1st
M . 5s or ig in a lly m a tu red O c t . 1 1915, b u t w e ro e x te n d e d t o O c to b e r 1
1939.
E a st S t. L ou is L ig h t & P ow er b o n d s are g u a r a n te e d , p r in c i­
pal a n d In terest, b y e n d ., b y E a st S t. L o u is & S u b . C o .; c a lla b le a t 105 and
in t. on 30 d a y s ' n o tice . A u th . Issue u n lim ite d , b u t a d d itio n a l b o n d s are
issu able o n ly for 8 0 % o f th o c o s t o f a d d 'n s and Im p ’ ts . and then o n ly when
n et earns, are a t least 1>$ tim es in t. ch a rg e on b o n d s o u t as well as those to
b e Issued.
D ivid en d s.— 5 % p er ann um w as p aid q u a rte rly o n old pref. fro m Its Issue
M a y 1 1906 up to and in clu d in g F e b . 1914. O n new p re f. 1st d iv .— 1 ' 4 % —
w as paid M a y 1914: A u g ., \\4%\ N o v .. \ H % .
In 1915, F e b .. 1 1 4 % : In
M a y rate w as red u ced t o
% ( V . 100, p . 143 7): sam e ra te q u a rte rly sin ce
t o a n d ln cl. A u g . 1916.
E A R N I N G S o f op era tin g c o m p a n ie s fo r 12 m o n th s e n d in g Ju n o 30:
Y ea r—
Gross.
N e t.a ft. Tax. I n t .,& c .
P ref. D ivs.
Surplus.
1 9 1 5 -1 6 — $ 2 ,7 0 2 ,7 6 3 $ 1 ,0 9 0 ,1 1 3 $75 2,60 1
(3 % )S 1 8 0 ,0 0 0
$15 7,51 2
1 9 1 4 - 1 5 - - - 2 ,4 6 6 ,9 2 3 1,006,282
755 ,8 1 2
( 4 ^ ) 2 7 0 ,0 0 0
d e f.1 9 .5 3 0
R O A D , & c .— O perates 192 .518 m iles o f sin g le -tr a c k , o f w hich 3 .8 3 5 m iles
op e r a te d u n d er lease.
H as 172 passenger ca rs. 4 express ca rs . 830 freigh t
ca rs , 34 w ork cars an d 3 sn ow sw eep ers, 2 e le ctric an d 2 ste a m lo co m o tiv e s .
H a s 3 p ow er s ta tion s w ith 16,940 k . w . c a p a c ity .
O F F I C E R S .— P r e s ., C . M . C la rk ; V .- P s ., I I . L . C la rk an d W . B . K u rtz
S e c ., G . L . E s ta b ro o k ; T r e a s ., T . W . G re g o r y : A s s t. S e c ., C . A . P ea rson
J r. O ffic e o f T h o S u b u rban C o ., W ilm in g to n , D e l., o p e ra tin g c o m p a n y at
E a s t S t. L o u is .— V . 9 8 , p . 7 3 , 155, 30 4 , 452 ; V . 9 9 , p . 1366, 1832; V . 100,
p . 4 7 4 , 1437, 208 5.

ELMIRA, N. Y.
E L M IR A W A T E R . L I G H T & R A I L R O A D C O — C o n tr o lle d b y th e
U nited G a s & E le c . C o .— See U n ited G as & E le c . Corporation u n d er N . Y .
O R G A N I Z A T I O N .— I n c o r p . In N o w Y o r k M a y 26 1900 as a co n s o lid a ­
tion o f all the w ater, lig h tin g , pow er and s treet railw ay pro p e rtie s In E lm ira
O w ns en tire c a p . s to c k o f R o r ic k ’s G len P a rk A ssn , an d m a jo r it y o f sto c k o f
W e s t W a te r S t. R R . T h o la tte r c o . o p e r a te d u nd er 9 9 9 -y r . leases. In A p ril
1913 it w as s ta te d th a t all fra n ch ises h a ve a t least 72 years t o ru n , w hile
s o m e o f them are p erp etu a l.
In F eb . 1910 w as a u th . to a cq u ire all sto ck
o f M o n t o u r Falls E lectric L ig h t C o .
In S e p t. 1914 a b s o r b e d th e W est Side
R R . , all o f w h ose s to c k w as o w n e d .
V . 9 9 . p . 815.
O n M a r . 17 1914 th o s to c k h o ld e r s a u th o r iz e d th o c r e a tio n o f $ 3 ,0 0 0 ,0 0 0
7 % c u m . first p ref. s t o c k .
In 1915 sold th o w ater su p p ly sy ste m to th o c it y o f E lm ira fo r $ 1 .5 0 0 ,0 0 0 .
th o p roce ed s, tog eth er w ith th o pro ce e d s fro m tho sato o f $ 2 3 2,00 0 5 % co n s.
M . b o n d s , bein g used to retire th e $ 1 ,6 6 1 ,0 0 0 5 % b o n d s d u o J a n . 1 1949,
w h ich w ere called fo r p a y m e n t a t 105 and in t. on J u ly 1 1915. V .1 0 0 , p . 1592




In Ju n e 1916 th e P . S. C o m m . a u th . (a) th e a b s o r p tio n o f th e E lm ira
T ra n sm ission C o . an d th e E lm ira & Sen eca L a k o T r a c . C o . (all o f w h ose
s t o c k an d b o n d s w ero o w n e d ) , an d (6) th e Issuance o f $10 0,00 0 1st c o n s . M
5s a t n o t less th a n 9 2 )4 a n d $ 1 2 5,00 0 1st p r e f. s to c k an d $ 2 0 0 ,0 0 0 2 d p r e f.
s to c k a t p a r , t o p a y flo a tin g d e b t , fo r c o n s tr u c tio n , & c.
In S e p t. 1916 ap p lie d t o P . S. C o m m , fo r a u th . to issu o $ 2 2 2 ,0 0 0 a d d i­
tion a l 1st c o n s o l. M . 5s t o p r o v id e fo r th o c o n s tr u c tio n o f a gas p la n t.
STO C K A N D BON DS—
D a te .
In terest.
O utstanding.
M a tu r ity .
S ee te x t.
C o m m o n $1,U 00.000 ($ 1 0 0 )............................................ $ 1 ,0 0 0 ,0 0 0
1st p f, $ 3 ,0 0 0 ,0 0 0 (7 % c u m ) ...............
7 Q -M
1,400.00 ) S e p t '1 6 , 1J*
SQ M
1,200.001 ' S e p t '1 6 , 1 H
2d p r e f 5 % cu m $ 1 .2 0 0 .0 0 0 .......... ....
1st c o n m o r tg a g e $5,000.0001 1906 5 g M -S
3 ,6 6 7 .0 0 l S e p t 1 1956
($1,000) ------------------ g c * t f / I n t e r e s t a t N e w Y o r k T ru s t C o . , T r u s te e .
Stock.— First p re f. Is re d . a t o p tio n o f c o . a t 115 and d lv .
D ivid en d s.— O n 1st p r e f ., I K % q u a rte r ly is b ein g p a id . O n 2 d p r e f .,
2 H % p a id s e m l-a n n . fro m S e p t. 1907 t o an d ln cl. M a r . 1914. O n J u ly 1
1914 1 2 -3 % w as p a id , co v e r in g fo u r m o n th s , a n d in O c t . 1914 d lv . o f 1 bt %
w as p a id , th e ra te bein g 5 % q u a r. Instead o f so m i-a n n . ( V . 9 9 , p . 6 0 8 ).
S am e rate q u a r. sin ce to S ep t. 191 6.
O n c o m m o n , 1st d iv .— 1 % — p aid
O c t . 1910. In 1911. 1912 an d 1913, 4 % .
In 1914, O c t ., 2 % . In 1915.
J a n ., 2 % ; A p r il, 1 % : J u ly , 1 % .
In Ju n o 1916 p a id 2 % fo r 6 m o s . e n d in g
D e c . 31 1915 (d e cla re d in D e c . 1915) a n d 2 % fo r 6 m o s . o n d . J u n e 3 0 1916.
In S e p t. 1916 p a id 1 % .
R O A D . & c . — C o m p rise s 4 5 .2 6 m . o f sin gle track in E lm ira and c o n n e c tin g
th e su b u rb a n to w n s o f E lm ira H e ig h ts , S o u th p o rt and U o rse h e a d s, fro m
H orseh eads t o W a tk in s , via M illp o r t an d M o n t o u r F a lls, t o S eneca L a k e .
122 ca rs . 75 an d 9 0 -lb . gird er rails. O w n s R o r lc k G len Park.
Gas D ep artm en t.— S u p plies n a t. and a r t. ga s. A rt. gas d e p t , co n sists o f
c o a l gas pla n t w ith d a lly ge n e ra tin g c a p a c it y o f 150 ,0 0 0 c u . f t . and 2 0 0 ,0 0 0
cu . ft . h o ld e r c a p a c ity an d 3 8 .6 6 m iles o f m ain s. A ls o has 65 m iles o f
natural gas m ains.
E lectric D e p t.— T w o 5 ,2 5 0 k .w . tu rbin es an d fo u r 750 h .p . b o ile r s . O ld
pow er s ta tio n has 4 .2 5 0 k .w . c a p a c it y , w ith n ow 823 h .p . b o ile r an d th ree
800 k . w . s te p -u p tran sform ers.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31:
Y ear—
G ross.
N e t A fte r T axes. Charges.
S u rp lu s.
$45 0 ,4 4 8
$ 2 1 4 ,5 0 5
$ 2 3 5 ,9 4 3
1 9 1 5 - - .................................. $ 1 ,0 7 3 ,5 1 4 .
191 4.......................................
9 9 5 ,9 0 9
3 9 3 .0 7 9
2 1 0 ,4 6 8
182.611
N o te .— R e su lts o f W a te r D e p t , h a v o been elim in ated fro m th e figu res
fo r 1914 fo r p u rposes o f co m p a ris o n .
O F F I C E R S .— P res., R a y T o m p k in s ; V .- P r ., G e o . B u llo c k ; S e c. & T r e a s .,
C . A . K o lsta d ; G e n . M g r ., F . I I . H ill.— V . 9 9 . p. 608 . 815; V . 100, p . 54.
4 7 8 , 1592; V. 101, p . 1013; V . 102, p . 440 ; V . 103, p . 103 2.^

EL PASO, TEXAS.
EL P A S O E L E C T R I C C O .— In c o r p o r a te d In N e w Jersey an d o w n s th e
secu rities o f th e E l P a so E le c . R y . C o . , E l P a so & Ju a rez T r a c . C o . an d R io
G ra n d e V a lley T r a c tio n C o . , w h ich d o th e en tire e le ctric r a ilw a y , e le ctric
lig h tin g an d po w e r business In E l P a so , T e x ., and J u a ro z , M e x ., an d o p e r ­
a te an ele ctric railw ay betw een E l P aso and Y s le ta . Franchises In E l
P a so exp ire in 1951 an d 1952.
R a ilw a y fra n ch ise in Juarox expires in 1988.
Interu rban a lm o s t e n tire ly on p riv a te r ig h t -o f-w a y .
In 1909 Increased
p re f. fro m $ 5 0 0,00 0 t o $ 1 ,0 0 0 ,0 0 0 . V . 9 0 , p. 109. In M a r . 1914 increased
a u th o rize d a m o u n t o f c o m . s to c k fro m $ 2 ,0 0 0 ,0 0 0 to $ 3 ,0 0 0 ,0 0 0 . V. 98,
p . 83 9 . $ 5 0 0,00 0 c o m . s to c k is ow n e d b y P u b . S o rv ico In v e s tm e n t C o .
Strike.— A strik e o n th o c o m p a n y ’s lines has b e e n in progress sin ce J u ly
1916. T h e c o . is m a in ta in in g an a lm o s t no rm a l s ch e d u le w ith m e n r e cru ite d
fro m o th e r S to n e & W e b ste r co m p a n ie s .
ST O C K A N D BO N DS—
D a le.
Interest.
O utstanding.
M a tu rity .
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )...............
Q -M
$ 2 ,3 7 3 ,7 0 0 S e p t' 16.2 j-4%
P ref $ 1 ,0 0 0 ,0 0 0 6 % n -c ( $ 1 0 0 ) ____
6 J-J
1 .0 0 0 .
000 J u l y '16, .1%
5 g J-J
C o lla t trust m tg e $1,000,0001 1902
1 ..0 0 0 .
000 Jan 1 1932
($ 1 ,0 0 0 ) g o ld
— c t f I In t. at S ta to S t. T r u s t C o . , B o s to n , tru ste e .
Stock.— $ 9 5 ,7 0 0 o f th o p r e f. s t o c k Is In tre a s u ry .
Bonds.— C o ila te ra l tru st b o n d s c a n n o t b o c a lle d a n d n o s in k in g fu n d .
D ivid en d s.— F irst d i v ., 3 % , o n p r e f. s t o c k , w as p a id Jan . 12 1903, an d
3 % p a id s .-a n . s in ce . O n c o in ., 1st d l v ., 2 % , M a r . 1910; S e p t ., 2; in 1911
5 % ; in 1912, M a r ., 3 % ; S e p t., 3 lA % : In 1913, M a r ., 3 ' A % : in Ju n e 1913
b e g a n t o p a y q u a r. d iv s . a n d p aid 2 % ; also S e p t., 2 % ; D o c ., 2 % ; M a r . 1914
t o S e p t. 1915, 2 M % q u a r.; D e c . 1915, 2 ' A % .
In 1916, M a r ., 2 f4 % \ J u n e ,
' ^ )A R N 1 * N G S .— 6 f c o m b in e d c o m p a n ie s fo r 12 m o n th s e n d in g J u n e 30:
Y ear—
Gross.
E x p . & Tax.
N e t.
In terest.
S u rp lu s.
19 1 5 -1 6 ____$ 1 ,0 4 6 ,5 7 0
$53 7 ,6 4 3
$ 5 0 8,92 7
$ 5 3 ,4 7 8
$ 4 6 5 ,4 4 9
1 9 1 4 -1 5 ____
9 9 7 ,4 1 4
5 10 ,820
4 5 6 ,5 9 4
5 0 ,3 2 8
4 0 6 ,2 6 6
R O A D .— 48.77 m iles o f e q u iv a le n t sln glo tra ck ; sta n d a rd g a u g e . 84 ca rs.
P o w e r s ta tio n has c a p a c ity o f 11,000 k .w .
O F F I C E R S .— P r e s ., M arsh all M . P ld n n o y ; V .- P . , J o se p h K oin ick ;
T r e a s ., H e n ry B . Saw yer; S e c ., Chester^ M . C la rk G e n . M g r s ., S to n e &
W e b ste r M g t . A s s n .— V . 9 4 , p . 559; V . 9 5 , p . 616; V . 9 6 . p . 135, 202 . 1556;
V . 9 8 , p . 610 , 839 .

ESCANABA, MICH.
ESCANABA TRACTION CO.
O R G A N I Z A T I O N .— R e o r g a n iz a tio n In A u g . 1909 o f E sca n a b a E le c t r ic
S t. R y . an d E s ca n a b a P o w e r C o . C o n tr o ls th o E s ca n a b a P u lp & P a p e r
C o . D o c s e le ctric lig h t an d p o w e r bu sin ess In E s c a n a b a , G la d s to n e an d
W e lls , M ic h .
Is a llo w e d t o c a r r y fre ig h t.
S T O C K A N D B O N D S — 1 D a te.
In terest. O utstanding.
M a tu r ity .
S to ck $ 5 0 0 .0 0 0 ......................................................................
$50 0 ,0 0 0 ....................
1st & re f m tge $6 0 0 ,0 0 0 g o ld 1 1909_______ 5 J -J
5 7 0 ,0 0 0
See text
( $ 1 , 0 0 0 ) _____ _ . .c * . c o t I In t. at F irst S a v . & T r u s t C o . M ilw a u k e e
S e co n d m tg e , $ 2 0 0 ,0 0 0 g o l d / 1909
5 g A -O
2 0 0 ,0 0 0 Ja n . 1 1934
($100 & $ 1 ,0 0 0 ) -C * & r -c p t {M lc h ig a n T r u s t C o ., G ra n d R a p id s , T r u s te e .
R e d . at 103 an d In te re st___ ( I n t . a t F irst T r u s t C o ., M ilw a u k e e .
Bonds.— 1st & ref. b o n d s m atu re $10 ,0 0 0 a n n u ally fro m 1914 to 1933,
ln c l.. rem ain der in 1934. $30 ,0 0 0 h a v o been retired. T h e y are s u b je c t t o
call a t 103 and in t. o n a n y in t. d a te .
M ic h ig a i T r u s t C o ., G ra n d R a p id s ,
tru stee.
V . 9 2 , p . 1564; V . 103, p . 406 .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1915, g r o s s , $ 1 2 4 ,7 8 4 ; n e t,
$7 1 ,9 9 7 ; o th e r in c o m o (earn s, fro m E s ca n a b a P u lp & P a p e r C o . ) , $ 1 0 ,9 3 1 ;
in te re st, $ 3 1 ,3 0 3 ; s u rp lu s, $ 5 1 ,6 2 5 .
R O A D .— O w ns an d o p o ra te s stre o t ra ilw a y In E scan aba and an in ter­
u rban road t o G la d sto n e , w h ich w as p la ce d in o p e ra tio n in J u ly 1910. P o w e r
p la n t c a p a c it y , 7,9 0 0 h .p . A now d a m o n E sca n a b a R iv e r , p r o v id in g
3 ,4 0 0 a d d itio n a l h . p ., w as c o m p le te d Ja n . 1 1916.
O F F I C E R S .— I’ ras., J. K . S ta ck : V .- P ., J . C . K irk p a trick ; S ec. & G e n .
M g r ., IL L . U tle y ; T r e a s ., M . N . S m ith , all o f E s c a n a b a .— V . 103, p . 578 .
-----------H g H ------------------

EUREKA, CAL,
HUMBOLDT TRANSIT CO.

O R G A N I Z A T I O N .— In c o r p o r a te d In C a lifo rn ia J u ly 31 1903.
STOCK A N D BON DS—
D a le.
In terest.
O utstanding.
M a tu r ity .
S to ck $ 1 ,0 0 0 X 0 0 ($ 1 0 0 )..............................................
$ 5 0 0 ,0 0 0 ......................
1st m tge S I .000 ,000 ($ 1 ,0 0 0 )1 ____
5 g A -O
184 ,0 0 0 O c t 1 1934
g o l d ______________ c & r . n t f j U n i o n T r u s t C o . o f San F ra n ., T r u s te o .
Bonds are nor. s u h j. t o c a ll. A sk . f d . o f 2 % o f b o n d s o u t b e g a n O c t . 1910.
E A R N I N G S .— F o r c a l. y e a r 1915, grass, $ 7 7 ,9 4 7 .
In 1914. gro ss, $9 0 .
626.
R O A D .— C om p rises 13 m iles o f tra ck in c it y o f E u re k a . 4 5 -6 0 -lb . T rails.
O F F I C E R S .— P res.. W in . B u tte rw o rth ; V .- P .. O . P . P o m e r o y ; S e c. and
T r e a s .. H o ra ce R . H u d so n ; M g r ., J . W . ITale.

EVANSVILLE, IND.
E V A N S V IL L E R A I L W A Y S C O .
O R G A N I Z A T I O N .— In co rp o ra te d in Indiana In A u g u st 1907 t o c o n tr o l
th e E v a n svllio & E astern E le ctric R y .. the E v a n s v ille & M t . V ern on E le c­
tric R y . and th e E v an sville T e rm in a l R y .
In A p ril 1913 a b so rb e d these
lines ou trig h t an d acq u ire d th o c a p ita l s to c k o f th e H en derson T r a c . C o .
an d th e O w e n sb o ro C it y R R .
V . 9 6 , p . 1488.
O n A u g . 25 1911 th o E v a n sv ille H enderson & O w e n sb o ro R y . w as Incorp.
in Indiana vcom . s to c k a u th . an d o u t ., $ 5 0 ,0 0 0 — ad o w n e d b y E v a n s v .
R y s .; p r e f., $25 0,00 0 a u t h ., $15 0 ,0 0 0 o u t .) t o bu ild a lino fro m E v an sville
to H enderson an d u ltim a te ly t o O w e n s b o r o . N o w c o m p a n y has leased
6V$ m lio» o f Illinois C e n tra l tra ck s betw een E v a m v illo a n d H enderson an d
has electrified sam e.
L ino was p la ce d In o p e ra tio n fro m E v a n sv ille t o
H enderson July 28 1912. V . 9 3 . p . 730.
In A pril 1913 increased Its a u th . c o m m o n s to c k fro m $ 1 ,0 0 0 ,0 0 0 t * $ 2 .OOO.COO. V . 9 6 . p . 1156.

Interest.
Outstanding. Maturity.
STOCK A N D BONDS—
D a te .
_______
$1,164,500 ................ ..
Com m on $2,000,000 ( $ 1 0 0 ) - . ____
J-J
354.900 ............ ........
Prof., $500,000, 6% cu m .
ling monr-i iai.5
5%
See text.
1953
gago $5,0 00 ,0 0 0 _______ tf/P ittsb u rg h Trust C o ., Pittsburgh, Trustee.
N otes..........................................tf 1913
6%
52,900 April 1 1918
Evans & Ifi Elec R y 1st m ort-( 1906
5 g A-O
684,000 Apr 1 1936
gago, $750 000, gold ($500] Int. at Amoriean Trust & Sav. C o ., Evansand $1,000 (closed M )c * t f ( ville or Pittsburgh Trust C o ., Trustee.
Evans & M t V Elec R y 1st M l 1905 6 g A-O
350,000 Oct 1 1925
$350,000 gold ($1,000) e * tfI In t. at Amer. T r. & Sav. C o ., E vansv., T rus.
Evansv Torm R y 1st m tgof 1908 5 J-J
295.000 Jan 1 1939
$300,000 gold ($1,000) - - t f{I n t . at A m . T r. & Sav. C o ., E vansv., T rus.
gu p & 1 by Evans R ys C o . I and Ills. T r. & Sav. B ank, C hicago.
Stock and Bonds.— Pref. stock can be called at any time at par. O f the
$5,000,000 m tge. bonds o f 1913, $1,331,500 are set aside to retire underly­
ing issues. $2,868,500 for future requirements and $800 000 were immediately
available, and have been used as collateral for $500,000 Evansville Rys.
6-year 6 % notes.
O f the 6 % notes, auth., is298,000 had been cer­
tified up to Sept. 1 1916 by authority o f the Indiana Public Service C om ­
mission, o f which $52,900 sold and outstanding. T hey are secured
by $800,000 first and refunding bonds, and all the com m on stock o f
the Evansv. B end. & Owensboro lty ., Owensb. C ity HU. and the Hender­
son Traction C o. O f The Evansville & Eastern Electric R y . bonds, $51,000
are reserved for extensions & impts. at 85% o f cost. Are subject to call,
in whole or in part, at 105 and interest on any interest day upon 90 days
notice; $2,500 is payable annually to a sinking fund from 1910 to 1J20;
from 1921 to 1936 $5,000 per annum; $12,500 bonds were held in sinking
fund Sept. 1 1916. Sinking fund o f $10,500 per annum began Oct. 1 1 9 1 0 on
E vansv. & M t. Ver. E lo c .'R y .. to bo invested In ton bonds ann. at 105.
Subject to call at any int. period at 110. Evansv. Term , bonds are red. at
105 and int. on any int. day at 60 days notice. Sink fund began 1912.
E A R N IN G S .— For year end. June 30 1916, gross (not Incl. TIend. T ra c.
and Owonsboro C ity R R .), $249,676; net, $110,353. In 1914-15, gross,
$252,259; net, $104,663.
r o a d __The Evansville & Eastern road consists o f 31 miles or track
from Newburgh (from which point it enters Evansville over tracks o f the
Evansville Terminal R y ., 10 miles) to Grandview, including a 4-mile branch
to Richland. The Evansville & M t. Vernon road consists o f 20 miles of
track from Evansvlllo to M t. Vernon. Evansv. Henderson & Owonsboro
comprises 1014 miles o f track from Evansville to Hondorson. T otal length
o f lines, 71)4 miles. First tw o roads d o an interchange car-load freight
servico with steam roads.
O F F IC E R S .— Pros., W . II. M cC urdy; V .-P ., \V. A . K och ; V .-P . & G en.
M gr. VV. A . Carson; Sec. & Troas., O. II. B attin.— V. 90, p. 1362; V. 93.
730; V . 96, p. 1156, 1488; V. 97, p. 594, 802.
(1) H en d erson T r a c t io n .— Street railway.
Acquirod by Evansville Rys. In April 1913. V . 96. o . 1488.
O R G A N IZ A T IO N .— Incorporated in Kentucky Fob. 22 1907 as a suc­
cessor to the Henderson C ity R y ., sold at foreclosure on F eb. 18, 1907
Franchise extends to 1936.
„
, ,
,
„ . ,
,
STO C K A N D BON DS—
Date.
Interest. O u ts ta n d in g . Maturity
F lr a ? ’ ^mortgage? 10$ 150,6667 1907
5 g 'X - o "
^ 105,000 A‘ prV l5'l927
($1 000. $500, $100) gold tf\In t. at Ohio Bkg. St Trust C o ., Hondorson.Tr
B o n d s — $133,000 bonds Issued but $28,000 held in treasury.
Remaining
$17 000 are reserved for extensions and im provem ents. Subject to call on
April 15 1917 and 1922 at 105. N o sinking fund.
E A R N IN G S .— For year ending Juno 30 1916, gross, $30,348; net, $10,­
981. In 1914-15, gross, $30,444; not, $7,816.
R O A D .— Operates 6 miles o f street railway. V . 90, p. 1363.
(2) O w e n s b o r o C ity R a ilro a d .— Street railway.
Acquired by Evansvlllo Rys. In April 1913. V. 96, p. 1488. A n exten­
sion down the Ohio River is contem plated. V . 90, p. 1364.
O R G A N IZ A T IO N .— Chartered In 1886. Franchise runs till 1936 and
gives exclusive rights to oporate street railway in said city.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on, $75,000 (par $ 5 0 ) - - ____
__________
$ 7 5 ,0 0 0 f.p .-------------1st m tge., $200,000. gold! 1902 5 g J-J
200,000 Jan. 1 1932
($1,000), C&r, not r o d .. t f I Interest at Louisville Trust C o ., Trustee.
General m ortgage.$200.000tfI 1910 6M N
200,000 M ay 1 1933
\ Am er. T r. & Sav. C o., Evansv.. Ind., Trustee
E A R N IN G S .— For year ending Juno 30 1916, gross, $62,475; net, $23,­
419. In 1914-15, gross, $60,675; net, $21,235.
R O A D .— Owns 12 ^ miles o f street railway in Owonsboro and suburbs;
56 and 70-lb rail; 30 m otor cars, double W est., 68 G . E. 800: 7 trailers;
25 10-tou and 5 25-ton coal cars. Power house 600 k. w . ca p a city . V . 90,
_______
p . 1364.
E V A N SV ILLE S U B U R B A N & N E W B U R Q H R Y .
O R G A N IZ A T IO N .— Incorporated in Indiana in Dec. 1888, with a per­
petual charter. Pass, business hauled by electricity and freight b y steam .
Does a car-lot freight and oxpress business. Has private righ t-of-w ay _
S T O C K A N D B O N D S—
D a le .
In terest.
O u ts ta n d in g .
M a tu r ity '.
S tock, $500,000 ($100)...................................................
$307,400 .....................
1st mortgage, $500,000, gold f 1904 5 g J-J
485,000 July 1 1 9 3 4
($500 and $1,000)____ c*tf{In terest at Evansville Trust & Sav. C o .,
\ Trustee, or N at. Bank of Com m erce, N . Y .
B o n d s . —A s in k in g f u n d o f $2,500 per annum com m enced July 1 1910,
which will retire bonds at 105. All or any part o f bonds redeemable
after 15 years at 105. $15,000 have been rotirod. V . 96, p. 1365.
E A R N IN G S .— For year end. June 30 1916, gross, $121,524; net, $36,931 _
R O A D .—Operates 25 miles o f track from Evansville to N ewburgh, with
a branch o ff the main line through Stevens Station ami Chandler to B oonville; has also 5 miles o f side-track: total, 30 miles. 70-lb. T rails.
O F F IC E R S .— Pres.. Lee Howell: V .-P ., Ohas. W . C ook; Soc. & G e n .
M g r., Gus Mulhausen.— V . 83, p. 271; V. 96, p. 1365.

FAIRMONT, W. VA.
M O N O N O A H E LA V A L L E Y T R A C T IO N C O .
O R G A N IZ A T IO N .— Organized In W . V a. on M ay 16 1912. Is a con
solldatlon o f Fairmont & Clarksburg T rac. C o ., la lrm on t & N orthern
T rac C o and (^larksburj* & Weston Blec. Hy. Owns and controls entire
street railway business in Fairmont and Clarksburg and an interurban road
connecting the two cities, with branches extending to various cities and
towns, and the entire electric-light and power and gas business In 1 airm ont.
F r a n c h is e s In Fairmont are porpetuai.
In other cities and towns extend for
50 years, the shortest expiring in 1952. Interurban linos on privato right o f
way. F r a n c h is e s over county roads and bridgos In Marion and Harrison
counties are perpetual
On Fob. 1 1911 the Fairmont & Clarksburg T ra c. took over the Fairm ont
& Manning ton T rac. C o. (17 m iles), and has acquired 7.780 shares o f stock
(7 8% ) and $550,009 o f total Issue o f $600,000 1st ML 5 % bonds o f said co .
On D oc. 1 1915 acquirod tho Fairm ont Gas C o. ($2,000,000 com . and
$728,150 prof, stock) through oxchange o f stock as follows: (a) One share
prof, stock ($100) and M share com . stock ($25) and $17 cash for each two
shares ($100) o f Fairmont Gas C o. prof, stock; (6) one share ($100) com .
stock and S l 8 75 cash for each 2)4 shares ($125) o f Gas C o. com . stock.
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
C om m on, $9,500.000........... ....................................
$6,782,037 J u ly '16, 1 %
Pref, 5% (cu m .), $3,000,000______
Q -F
2,687.100 Aug. ’ 16, 1 )£
First & ref M , $15,000,000, gl 1912
5 J-D
3.500,000 Juno 1 1942
($500 & $1,000) _c*&r* t f [Fidelity T r. C o .. Balt... Trus. Int. in N . Y .
Falrm & Clarksb 1st M , $2,-1 1903
5 g A-O
2,500,000 O ct 119 3 8
500.000 g ($ 1 .0 0 0 )--c* n tf| In t. at Guaranty Trust C o ., N. Y ., Trustee
S lo c k . — In N ov. 1915 pref. stock was made convertible into com m on on
any d iv. date, on tho basis o f 11 sharas o f prof, for 10 shares com .
B o n d s . — Of tho 1st (& ref.) bonds, $2,500,000 arc reserved to retire prior
lions and $9 ,000,000 are for add'ns and extons, under certain restrictions.
Rod. at 105 and int. on any int. day on or after .Tune 1 1922. Tax refund,
in Pa. See V. 102, p. 1346; V. 94, p. 1508. Fairm ont & Clarksburg 1st
m tge. bonds subject to call at 105 and int. Listed on Philadelphia Stock
E xchange.




D iv i d e n d s . — 5% Is being paid on the pref. stock.
Initial d iv. on com ­
mon— 2 % — paid Jan. 1913: July 1913. 1 )4 % : O ct.. 1 )4 % . In 1914. M a r..
1 )4 % ; July, 1 )4 % . In 1915, none. In 1916, Jan. A pr. and July, 1 % ,
each.
E A R N IN G S .— F or year ending D ec. 31 1915, gross, $1,009,834: net,
$611,049; interest, taxes, & c.. $326,371; surplus, $284,678. In 1914, gross,
$968,389; net, $552,665; interest, taxes, & c., $308,642; surplus, $244,023.
R O A D .— Operates street railways in F airm ont, W . V a ., and in C larks­
burg, W . V a., and an interurban line o f 25 miles connecting the tw o with
various small branch lines: also lines from Fairm ont to Fairview. 14 m ..
Clarksburg to Bridgeport, 7.6 m ., and Clarksburg to W eston, 24 m .: Fair­
m ont & M annington operates 17 miles: total track in operation. 111.42
miles. A n extension from O ’N eil to W o lf Sum m it, 2 f i miles, is under
construction: expected to be com pleted N o v . 1 1916. Other extensions are
contem plated. Standard guage. 80-lb. T -rall.
O F F IC E R S .— Chairman o f Board, S. L. W atson; Pres., Jas. O . W atson;
V .-P ., Smith H ood; Sec. & T roas., W alton M iller; G en. M g r., E . B .
M o o re .— V . 95, p . 176; V . 96, p . 1840; V . 97, p. 1115; V . 98, p . 1993; V .
100, p . 901; V . 101. p . 370, 1465; V . 102, p . 437, 1346.

FARGO, NORTH DAKOTA.
F A R G O & M O O R H E A D S T R E E T R A IL W A Y C O .— A trolley road.
O R G A N IZ A T IO N .— Incorporated July 19 1902 in N orth D akota. In
June 1912 new 25-year fr a n c h is e s were granted in Fargo. M oorhead and
D ilw orth. S tock, $300,000 ($100), all owned b y the N orthern States
Power C o ., which see in our “ R y . & I n d .” Section.
During 1916 $195,000 1st M . and $72,000 2d. M . bonds were retired
In connection with tho refinancing o f the N orthern Statos Power O o. com ­
pleted in April 1916. See V . 102, p . 1441, 1543.
R O A D .— Operates in Fargo, N . D ., and M oorhead, M in n ., and an inter­
urban to D ilw orth. M in n ., a total o f 15.547 m . Standard gauge. 70-lb.
M anagers, H . M . Byllesby & C o ., C hicago, 111.

FISHKILL-ON-THE-HUDSON, N. Y.
FISH K IL L E L E C T R IC R A IL W A Y C O .— A trolley road.
Leases the Citizens' St. R R ., L . & P . at a rental o f $8,255 per annum.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
Stock, $50,000__________________ _______________
$50,000 ' ___________
First m ortgage, $50.000.......... 1895
6 J-J
50.000
July 1915
E A R N IN G S .— For year ending June 30 1916, gross, $53,052; net, after
taxes, $13,964; in t., rentals, & c., $15,057; deficit, $1,111.
R O A D .— Owns 4)4 and leases 3 miles. T otal, 7)4 miles.
O F F IC E R S .— Pres., John T . Smith; V .-P ., W . J. C onklin; S ec., W . H .
Southard; T reas., G . W . Patterson.

FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET R Y.
In April 1905 absorbed the Leominster Shirley & A yer Street R y . through
oxchange o f stock, share for share. V . 80, p. 1478. In Sept. 1907 M ass.
R R . Commission sanctioned increase In stock from $450,000 to $700,000,
new stock to be issued at 110. C om pany then petitioned Comm ission to
allow stock to be issued at 100 (V . 85, p. 722) but In Sept. 1908 Com m is­
sion denied application. V . 87. p. 812.
S T O C K , B O N D S , & c.—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock $700,000 ($100)..................................
$450,000
See text.
Fitch & Leo 1st mtge ($500 ) , \ 1897 5 A-O
150,000 April 1 1917
$150,000 ________________c (Interest at First National B ank, B oston.
150,000 Feb 11921
Fitch & Loo con m tge, $350,-1 1901 4)4 F-A
000 ($1,000)_______________(In t. at B oston Safe D ep . & T r. C o ., Trustee.
L S & A 1st m tge, $100,000 ( 1905 5 g F-A
100,000 Feb 1 1921
gold ($1,000)___________ c*-j Int. at B oston Safe D ep . & T r. C o ., Trustee.
(Guar. p . & 1. b y F itch. & L eom . Street R y .
822,234 ___________
Current liabilities June 30 1915___________________
B o n d s . — O f the new consol, m tge. $150,000 are reserved to retire the
1st mtge. at m aturity.
D iv id e n d s . — For many years up to and including 1900-01, 8% ; from then
on to 1914-15, 6% per annum.
R O A D .— Owns 41.19 miles o f track. R oad extends to Leom inster
Lunenburg, Shirley and A yer. 30 closed passenger cars, 24 open passenger
cars, 3 express cars and 5 snow plows.
E A R N IN G S .— For year ending June 30 1915. net (after taxes, $18,507),
$87,712; other Incom e, $1,088; in t., & c., $61,176: d ivs., $27,000; sur..$625.
O F F IC E R S .— Pres., Supt. and Purch. A gent, W . W . Sargent: V .-P .,
n. I. W allace; Clerk and Counsel, C . F . Baker, T reas., R . N . YV’allis, all Of
Fitchburg.— V . 80, p. 1478’ V . 85. p. 438. 722; V . 87. p. 812.

FOND DU LAC, WI3.
E ASTE RN W ISC O N S IN R A IL W A Y & L I G H T .— T rolley.
O R G A N IZ A T IO N .— Incorp. in Wisconsin on Sept. 23 1903 as a consoli­
dation o f the Fond du Lac St. R y . & L t. C o. and the Fond du Lac & Oshkosh
Elec. R y. C o. Comprises the entire street railway, electric-lighting and
gas plants In Fond du Lac. F r a n c h is e s expire in 1947 and 1951. Owns all
the stock and guar, bonds o f the W isconsin E lec. R y . V . 88, p. 1252.
ST O C K A N D B O N D S .— D a t e .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock $500,000 ($100)........................
Q-J
$500,000 July ’ 1 6,1)4
Fond du Lac St R y & L m tge) 1899
5 g J-J
187.000 July 1 1924
$250,000 ($500) g .r& c’ n t f (In t. at N at. E xch. Bank, M ilwaukee.
1st mortgage $1,500,000 gold! 1903. 5 g A-O
1,215,000 O ct 11923
($ 1 ,0 0 0 )_____________ c * t f)I n t . at First Sav. & T r. C o ., M ilw ., Trustee.
B o n d s . — $206,000 1st M . bonds are reserved for prior liens and $79,000
are in treasury. Bonds are subject to call on any int. date at 103 and int.
upon 6 m os.’ notice. The Fond du Lac St. R y . & Lt. bonds cannot be
called. T hey are assumed b y the Eastern W isconsin R y . & Light C o.
D iv id e n d s . — 4% per annum was paid from 1907 to 1912, inclusive.
In
1913 and since, 6 % per annum.
R O A D .— Operates 27 miles o f track In Fond du Lac and between F on d
du Lac and Oshkosh. 70-lb. T rails.
R E P O R T .— For years ending June 30:
T a x es
F ix e d
B a la n c e ,
J u n e 30
G ross
O p e ra tin g
M et
Y ea r.

E a r n in g s . E x p e n s e s .

E a r n in g s .

A c c r u e d . C h g s j n e t ) S u r p lu s .

$19,597 $56,331 $76,384
191..-16______ $352,970 $200,658 $152,312
19,253
62,673
62,682
1914-15............ 330,608
186,000
144,608
O F F IC E R S .— Pres., II. F .W h itcom b , Milwaukee; V .-P ., J. F. Pritchard,
M anitow oc, W is.; Sec. & T reas.. H. F. W hitcom b J r., Milwaukee; Gen.
M an.. J. P . Pulliam .— V . 87, p . 346; V . 88. p. 1252; V . 98, p . 999, 1130.
(1) W is co n s in E le ctric R y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated A ug. 14 1908 in W isconsin and
succeeded the W innebago T raction C o ., sold at foreclosure A ug. 6 1908
as per plan in V. 85. p. 655. Latter com pany was a reorganization o f
Citizens’ Traction C o. In 1900. Eastern W isconsin R y. & L t. C o . owns
stock and guarantees bonds o f the Wisconsin E lec. R y . V . 88, p. 1255.
F r a n c h is e s expire Jan. 1 1932.
ST O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
$350,000 -------- --------Stock $350,000.......................... - - - .......................
1st intge $1,500,000 gold! 1908
5 F-A
801,000 A ug. 1 1938
($500 and $ 1,0 00 )--C *tf (In t. at Wisconsin Trust C o ., M ilw ., Trustee.
B o n d s . — Bonds are subject to call at 105 on 3 weeks’ notice.
R E P O R T .— For years ending June 30:
J u n e 30
G ross
O p e ra tin g
N et
T a xes
F ix e d
B a la n c e ,
Y ear—
E a r n in g s . E x p e n s e s . E a r n in g s . A c c r u e d . C h g s .N e t S u r p lu s .
1 9 1 5 -1 6 ............ $190,607 $131,094 $59,513 $8,303 $41,571
$9,639
1914-15................ 192,820 130,605
62,215 9,792
40,823
11,599
R O A D .— Owns 46 miles o f road— 18.5 miles in Oshkosh, 26.5 miles o f
Interurban road running from Oshkosh to Neehah and to Omro and 1 mile
In Neenah,
O F F IC E R S .— Pres., TI. F. W hitcom b; V .-P ., Clement C . Smith; V .-P .
& Gen. M g r., J. P. Pulliam: Sec. & Troas., II. F. W hitcom b J r.— V. 87.
p. 348, 481; V. 88. p. 1255; V. 98, p. 1001.

$2,000 each F eb. and $3,000 each A ug. to F eb. 1923. Ser. " B ” m ature
$1,000 s.-a. to M a r. 15 1923.
,
. ..
The notes o f 1914 are secured b y $1,941,000 1st & rer. 5 % bonds o f the
com pany which are included in the $3,000,000 outstanding reported above.
An additional $500,000 o f notes m ay be Issued, but only with the approval
o f the Commission and under the terms o f the m ortgage securing the
FORT SCOTT, KAN.
bonds pledged as collateral. V . 98, p . 1156.
D iv i d e n d s . — On p ref., \ lA % quar.. from organization to Sept. 1912.
In
T H E F O R T S C O T T G A S & E L E C T R IC C O .
M a y 1913 a scrip d iv. o f 3 % was paid, covering dlvs. payablo D oc. 1912
O R G A N IZ A T IO N .— Incorporated in Kansas in 1900, and is successor and M a r. 1913. See statement in V . 96, p. 1422. N one since.
to the Port Scott Electric Light & Power C o ., Citizens’ E lectric Street R y ..
R O A D .— Operates 209 m . main track connecting Ft. W ayne, Hunting­
F ort Scott Steam Heating C o. and Fort Scott Gas C o. Fran-hise expires ton, W abash, Peru, Logansport, Delphi, Lafayette and B luffton; also local
April 23 1922. Operated b y the Light & D evelopm ent C o. o f St. Louis, M o . lines in F t. W ayne, W abash, Peru, Logansport and L afayette. T otal track,
STOCK A N D BONDS—
Date. Interest. Outstanding. Maturity.
220 miles. A t Logansport, Peru, Wabash and Bluffton connection is
made for Indianapolis over tracks o f Indiana Union T raction C o. In M a y
sV a-o
aSSTmi* 1906 began through service between Ft. W ayne and Indianapolis over
($500), sinking fu n d _c*n tf (In t. at C hicago T itle & Tru st O o ., Trustee. tracks o f Union T raction C o. o f Ind. See V . 82, p. 1101. Rails, 60, 70,
R e f m tge $300,000 ($500) n t f f -----„ 6%
m 139,000
- - - - - - - 72, 80 and 90-lb. Owns 2 power houses and 4 pleasure parks. Owns
(in t . at Vandeventer T r. C o ., St. Louis, M o. 180 pass, cars and 60 other cars. C ontrols entire electric light and power
B o n d s .— O f the 1st M . bonds, $39,000 have been retired.
Sinking fund business o f F t. W ayne.
began A pr. 1 1908 as follows: In 1908 and 1909, $3,500 per ann.; n 1910 and
R E P O R T .— For calendar years ending D e c. 31:
1911, $4,000 per ann.: in 1912 and 1913, $4,500 per ann.; in 1914 and 1915,
le n d a r
G ro s s
E x p en ses
N et
In terB a la n c e ,
$6,000 per ann.; in 1916 and 1917. $7,000 per ann.; and from 1918 to 1921 C a Y
ear—
R even u es,
and T a xes.
R ev en u es.
c sl.
S u r p lu s .
in cl., $ 10,000 per annum.
$582,555
$1,357
1915_____ _________ $1,654,605 $1,070,693 $583,912
R O A D .— 9 miles o f track in F ort S cott.
„ _ „ m
_.
1,121,338
717,054
575,012 142,042
O F F IC E R S .— Pres., H . W urdack, St. Louis; V .-P . & Treas., H orace W . 1914_______________ 1,838,392
O
F
F
IC
E
R
S
.—
Chairman
o
f
B
oard,
J.
Levering
Jones;
Pres.,
James
M.
B eck , St. Louis; Sec., E . C . Gates. F ort S cott, M g r., A . L . A bington,
Barrett, Ft. W ayne; V .-P . & Treas., H onry O. Paul, F t. W ayne; V .-P . &
F t. S cott.— V . 77, p . 1294.
E fficiency Engineer. T . L . Miller, F t. W ayne; Sec., H . E . V orderm ark,
F t. W ayne; Asst. Sec., H . J. Alker, Pliila.— - V . 94, p . 826, 982; V . 96, p .
1296, 1422; V . 98, p. 1071, 1156, 1244.
FORT SMITH, ARK.

FORT DODGE, IOWA.

F O R T D O D G E DES M OIN ES & S O U T H E R N R R .— See "R a ilroa d and
Industrial” section.
_______ _______________

1565

F O R T S M IT H L IG H T & T R A C T IO N C O .
Standard Gas & E lec. C o. (V . 93, p . 1327) owns $949,900 co m ., $798,700
pref. stock , $150,000 1st M . bonds and $300,000 deb. 6s o f the com p any.
O R G A N IZ A T IO N .— Incorporated in Arkansas on April 13 1903 as a con­
solidation o f the Ft. Smith-Van Buren Light & Transit C o. and the F t. Smith
T ra c., L t. & Pow . C o. Owns all physical property, contracts, rights and
franchises o f V an Buren Fuel & Light C o. (now d issolved). Does the entire
electric-light, gas and street railway business o f the c ity , and the electriclight and gas business o f Van Buren; operates an interurban line betweon
F t. Smith and Van Buren. Street railway and electric-light franchises
in F t. Smith expire in 1955; gas in 1953. Gas and electric light franchises
in V an Buren expire in 1957; street railway in 1962.
S T O C K A N D B O N D S—
Date.
Interest.
Outstanding. Maturity.
C om m on, $1,500,000 ($100).....................- - - - - $950,000 - - - - - Q-J 15
1,410.000
Seo text
Pret $5,000,000 ($100) 7 % cu m ------First m ortgage $6,000,000 g ( 1911
5 g M -S
2,587,000 M a r 11936
s f ($500and $1,000)___ c * ]l n t . at Illinois Trust & Savings B ank, C h ic.,
I Trustee, or at agency ol co. In N .Y . or Bos.
6 M -N
300,000 M a y 1 1918
Debenture notes, $300,000___1913
Stock and Bonds.— Pref. stock Is red. at any tim e after 3 years from Issue
at 110 and accrued d iv. Remaining 1st M . bonds can only be issued for
7 6% o f cost o f additions, improvem ents and extensions under certain re­
strictions. See V. 92, p. 956. Subj. to call as a whole or in part on any
Int. day at 105 and int. Cash sink. fd. of 1% yearly 1914 and 1915, I H %
yearly 1916 to 1918, 2 % yearly 1919 to 1923 and such amounts thereafter
as b v July 1 1935 will make total sk. fd . 4 0% of bonds certified. V. 92. p.
956. $113,000 have been retired. Bonds are listed on N . Y . Stock E xch.
V . 94. p .4 8 7 .
Dividends.— Pref. is cum . from Jan. 1 1912. 1st d iv . on pref.— 1 M % —
aid April 15 1910: July. 1 H % : O c t.. 1 » A % and I M % quar. since to and
lcludlng
April 1913; none since.
____ _
^ K E A R N IN
G S .— For year ond. July 31 1916, gross, $474,720; net, after
taxes, $141,471.
R O A D .— Owns and operates 31 miles o f track on 12 miles o f streets in
F t. Smith and suburbs. Standard gauge, 60-lb. and 80-lb. T rail. 53 cars.
Owns a park of 110 acres. Also gas works tor distributing natural and arti­
ficial gas, with 72 miles o f mains, and electric power and lighting plant—
generating ca p a city , 4,062 horse-power and pole line of about 131 miles.
O F F IC E R S .— Pres., A . S . H uey; V .-P ., H . M . Byllesby: S e c.. John
Brizzolara; Gen. M g r., II. O. Hoagland: Treas.. N . I. Garrison; A ud .,
W . J. Parker; M grs., H . M . B yllesby & C o ., In c., C hicago.— V. 94. p . 487;
V . 95, p . 47; V . 97, p . 298; 1733; V . 101, p . 1553; V . 102, p . 1060.

FORT WAYNE, IND.

FORT WORTH, TEXAS.
NORTHERN TEXAS ELECTRIC CO.— A holding company.
O f the com m on stock. $500,000 Is ow ned b y P ub. Service Invest. C o .
O R G A N IZ A T IO N .— Incorporated in M aine N o v . 16 1905 and owns the
entire stock and participating bonds o f the Northern Texas T r a c tio n C o .,
which does all the electric-railway business In Fort W orth and operates an
interurban lino betweon that city and Dallas, 35 mllos, and the capital
stock o f the Tarrant C ounty T raction C o. (narao changed from I<t. W orth
Southern Traction C o. in 1914), which operates a line botweon F ort W orth
and C lobum o, T e x., 31 miles. It Is_proposod to extend the line from
Cleburne to Denton, tho rights o f tho F ort W orth-D enton Intorurban C o.
having been acquired. V . 99, p . 121, 122. Also owns tho capital stock or
tho Arlington Light & Power C o ., which does tho electric light and power,
ice and water business in Arlington, T ex.
Enters Dallas over its own
tracks. See V. 89 p. 411. Has Ioased for 20 years from D ec. 17 1915 the
terminal facilities o f the Dallas Interurban Term inal Assn, which soo under
Dallas Electric C o. on a preceding pago.
F r a n c h is e s o f Northern Texas T rac. C o. In F ort W orth oxpiro in 1973; in
Dallas in 1920 and 1953; others about 1950; has prlvato right-of-w ay ou t­
side o f cities. Tarrant C ounty T rac. C o . in F ort W orth and Cloburno
expire in 1936; between theso cities has privato right-of-w ay except in
towns & c., in which cases its rights expire in 1961. V . 92, p. 1243. R oad
was com pleted in Aug. 1912 and began operation in Sept. 1912. F r a n c h is e
In ^ n *F ^ .0 24ei § 13UbicVoasetl auth. pref. stock from $4,500,000 to $5,000,­
000 and the com . from $2,500,000 to $5,000,000 (V . 96, p. 488, 654), and
holders o f both classes o f stock wore given the right to subscribe for $650,000
new com m on stock at par. V . 96, p. 790.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g L a s t D iv .& c .
Q -M
$3.150.000Sopt. ;1 6 ,1%
C om m on $5,000,000 ($100)-----------Pref 6% n-c $5,000,000 ( $ 1 0 0 ) -----M &S
4.000.000 Sopt. 10, 3%
Coll trust M $l6,000,000 gold ! 1910 5 g J-J
3.630,000Jan 1 1940
sink fund (see toxt)c*& r* t f ( Int. at Com m onw ealth T r . C o . , Bost. .T r u st.
N o Tex T r a c 1st M $2,500,000 f 1903 5 g J-J
2,500,000 Jan 1 1933
($1,000) gold— no sin kin g/In t. at C itizens S av. & Tr. C o ., C le v ., Trus.
f u n d .......................... _ _ c * t f l or at Chase N at. Bank. Now Y ork.
N o T ex T r a c participating M .. . . . .
- - -----*2,024,000 - - - - - - - - - * All deposited as part collateral for the collateral trust 5s o f the N orth
Texas E lectric C o .
S to ck . — T h e pref. stock is redeemable at 110.
V . 94, p . 1449. B oth
classes o f stock are listed on the Boston Stock Exchange.
, __ ..
B o n d s . — O f the coll, trust bonds, $2,500,000 are reserved to retire N orth ­
ern Toxas T raction 1st M . bonds; $130,000 liavo been retired. C oupon
bonds are in denom . o f $1,000; registered bonds, $1,000, $5,000 and
$16,000. Callable as a whole or in part, for sink. fd . only, at 105 and int. on
any int. date. S in k in g f u n d o f 1% o f bonds out began N ov. 1 1911. B onds
are secured b y deposit o f all the stock o f the N orth. Toxas 1’rac. C o . V . 90.
p . 373. 1239. T he Northern Texas T r a c tio n C o . bonds are subject to call
as a whole on any interest day at 105 and interest.
D IV ID E N D S .— First d iv. on pref. (1 % ) paid M arch 1 1906 and 2 %
Sept.
annum. First
dividend
com m on stock,
pt. 1 1906;
19U6; since, 6% per annum,
r irso m
viueuu on
uii wiujuuu
paid Sept.
1 1909; in 1910,
5 54 % : in 1911 and 1912, 6 % : In 1913
2 ;,
............................
m
"*
in m
1914,
M arch, 154%
;June, 1 % ; Sopt., 1 % ; D e c ., 1 % ;
6 *5;%
%; m
i* , 7< %
Vo\: in
m l1915.
y i o , iviaren,
1 y\ y0;jui
In 1916, M arch, 1 % ; Juno, 1 % ; S ept., 1 % .
E A R N IN G S .— O f com bined companies for 12 mos. end. Juno 30:
Y ear—
G ro s s .
N e t ( a ft . T a x .)
In terest.
S in k . F d s .
Surplus.
1915-16
$1,831,954
$714,185
$304,602
$35,080
1 9 1 4 -1 5 .-- 1,819,725
762,254
291,378
33,081
437,795
R O A D .— Subsid. cos. operate 157.77 milos o f track, standard gauge; 207
passenger and 16 other cars. In July 1916 com pleted an 1,800 ft. viaduct
over tho steam roads ontoring Union D op ot In Dallas. I ower station has
capacity o f 10,800 k. w .; also purchases powor from tho Dallas E lectric
Light & Powor C o.
__
,
O F F IC E R S .— Pros., Marshall M . Phinnoy; Soc., Chester M . Clark;
Treas., Honry B . Sawyer; Gen. M grs., Stono & W ebster M g t. Assn.,
Boston.— V . 96, p. 488, 654, 790; V . 97 p . 444; V , 98 p . 1157; V . 99 p .
121; V . 100, p . 1593; V . 102, p. 154.

F T . W A Y N E & N O R T H E R N IN D IA N A T R A C . C O .— A trolley road.
Controlled b y same interests as the Ohio E lectric R y . and the Terre
Haute Indianapolis & Eastern.
O R G A N IZ A T IO N .— In co r p .in ln d ia n a o n F e b . 13 1911 to take over tho
F t. W ayne & Wabash Valley T ra c. C o. per plan in V . 92, p . 394, 594.
T he F t. W ayne & Wabash Valley Traction C o. had previously acquired
through consolidation or purchase the following com panies:
F t. W ayne Bluffton & M arion T r.C o . Lafayette Street R y.
Logansport, Railway C o.
F t. W ayne El. Lt. & Power C o.
Logans. R och . & N or. T ra c. C o.
F t. W ayne & Southw. T ra c. C o.
W abash-Logansport Traction C o .
F t. W ayne Traction C o.
Wabash River Traction C o .
L afayette & Logansport T ra c. C o.
AJso controls Fort W ayne Power C o. and Carroll E lectric Light C o.
Furnishes electric light In F t. W ayne, Roanoke and Delphi; municipal
fr a n c h is e s extend to 1935 and 1998. except In F t. W ayne, which for more
than % of street railway are perpetual, the balauce being tor outlying exten­
sions and extending to 1937. Lighting fr a n c h is e s in F t. W . extends to 1935.
$ 1 ,000,000 co m ., $ 1 ,000,000 pref. and $ 1 ,000,000 1st and ref. bonds of
the Ft. W ayne & N or. Ind . T rac. were issued tor $1,500,000 new cash.
Holders o f F t. W ayne & Wabash Valley com . received only 44.4 4% in the
com . stock of the Ft. W ayne & N or. Ind . T ra c.; holders o f pret. received
$ for $, but had to pay $17 50 per share In cash.
S T O C K A N D B O N D S—
D a te .
I n terest.
O u ts ta n d in g .
M a t u r it y
C om m on. $4,000,000 ($100)............................... ........ $4,000,000
2,500,000
See text
Q-M
Pref,6% (cum ).$4,000,000($100) - - .
FOSTORIA, OHIO.
3,000.000 M a r 1 1931
1 s t * ref m tge $15,000,006. t f 1911
i n notes *
i.zoo.u u u ($1,-1
,-1 i1914
v i*
o5 g
a M^S
1,164,000 M a r 2 1919
Coll
$1,200,000
F O S T O R IA & F R EM O N T R A IL W A Y C O .
000) red at 100 & int on 30}C entral Trust C o .. N ew Y ork . Trustee,
O
R
G
A
N
IZ
A
T
IO
N
.—
Incorp.
in Ohio in 1909. Ownership is largely
days’ notice __ ___ ____ c* i
F t W & W Val T r 1st cons M l 1904
5 g M -S
6.966,000 M a r 1 1934 represented b y interests identified with the Lako Shoro Eloctric R v . C o.
and
Western
Ohio
R
y.
C
o.
Besides
passenger business, does a freight and
$7,500,000 g ($1,000) _ c * t f/I n t . at Comm ercial T r. C o ., P hila., trustee
express business and handles coal for use b y Ohio Stato Power C o . at
F t W & W Vail T r car trusts—
___
„
Frem ont.
Series " A ($1,000 e a c h ) . t f ____
5 F-A
30,000
Seetext
F t W & N Ind T r—
Outstanding.
M a t u r it y .
S T O C K A N D B O N D S—
D a te .
In terest.
See text C om stock, $200,000 ( $ 1 0 0 ) - - -----Series “ A ” ($ 1,0 00 )........................
5 F -A
32,000
$200,000 -------- -------------------See text Pref stock <200.000 ($ 1 0 0 )--. — Series " B ” ($1,000 e a c h ) . t f -----5 M -S
13,000
200,000 -------- --------- - - - ­
1931
5 g F-A
275,000
W abash R iv T r C o 1st m tgo 1901
200,000
O ct 1 1930
First m tge $250,000 ($1,000) \ 1910
5 A -O
_
$350X00 ($1,000) g _ .* n t f In t. at N . Haven T r . C o ., N . I ia v en , trustee
gold . _________________ c* (I n t . at Cleveland (O.) Trust C o ., trustee.
4 g A -O
29,000 O ct 1 1929
F t W ayne T r mtge $1,500.­ 1899
B o n d s .— Norm al Federal incom o tax paid at source.
000 gold ($ 1 ,000) .........c * tf Int. at Guard. T r. C o ., C leveland, Trustee.
D iv id e n d s . — Paid a dividend o f 3 % on p rof, stock in Jan. 1913; subsequent
5 A J -D
225.000 June 1 1923 surplus earnings have gone into tne properties.
Lafayette Street R y 1st m tge 1893
($1,000 each) $225,000c* tf Int. at Real Estate T r. C o .. P hila., Trustee.
E A R N IN G S .— For year ending Juno 30 1916, gross, $58,823; net, after
5 g J-D
849,000 June 1 1936
L a f & Log T r 1st M $1,000,­ 1906
000 g ($ 1 ,000) g u p & l c * t f Int. at G uar. T r. & S. D . C o ., Phila., Trustee taxes, $8,530.
R O A D , & C .— 21.38 miles o f olcctrtc Intorurban railway on prlvato right5 g J-J
400,000 July 1 1935
F t W B & M 1st M $400,000 1905
gold ($ 1 ,000) guar p & i . t f Int. at Guar. T r. & S. D . C o.,P h ila ., trustee of-w ay, connecting Fostoria and Frem ont. Form s tho connecting link
1907
5 M -N
57.700 N ov 1 1937 between tho Western Ohio Ity., T oledo Fostoria & Findlay R y. and Lake
F t W Power C o m tge_____ t f
In t. at Guar. T r. & S. D . C o..P h ila .. trustee Shoro Electric R y ., all o f which uso tho lino under traffic contracts.
O F F IC E R S .— Pres., F . D . Carpontor, Lim a, O .; Sec. & T reas., J. D .
S to c k .— B oth com . and pref. stocks are listed on Phila. Stock Exch
M cD o n e l.— V. 101. p . 1885; V . 102, p .5 2 1 .
B o n d s '.— O f the 1st & ref. m tg e., $8,807,000 are reserved to retire under­
lying bonds and remainder for acquisitions, extensions and additions.
Subject to call as a whole on any interest day at 105 and int. In addition
FOXBORO, MASS.
to bonds noted above there are $3,500 lost bonds o f tho Loganspt R y. out­
standing, due Sept. 1 1929. Tho Ft. W . & W . V . consols o f 1904 are not
N O R F O L K & B R IS T O L S T R E E T R Y .
subject to call before m aturity. T h ey are listed on Phila. Stock E xch. The
O R G A N IZ A T IO N .— Incorporated in M assachusetts in N ovem ber 1901.
W ab. R iv . T ra c. O o. 5s o f 1901 are subj. to call at any time at 105 & int
F a r e I n c r e a s e .— On A ug. 19 1915 tho M ass. P . S. C om m , grantod per­
L afayette & Logansport 1st M . is closed: no m ore bonds can be Issued.
mission to increase tho faros from 5 to 6 conts or 18 tickets for $1. Seo
T h e Lafayette St. R y . 1st M . 6s were extended for 10 years to June 1 V . 101, p. 694; V. 103. p. 1031.
1923 at 5 A % interest.
, „
m
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
F t. W ayne & W ab . Val. car trusts are guar., p . & I., b y end. b y F t. W ayne
$200,000 - - - - ­
& N o r. Ind. T rac. C o. T hey mature $5,000 s.-a . to Sept. 1 1919. Trustee Stock, $200,000 ($100)..........................................
5 g J-J m
200.000 July 1 1928
is Fidelity T r. C o ., Phila. T he Penn. C o. for Ins. on Lives & Granting 1st m tgo, $200,000 ($1,000 ) , \ 1908
gold, sinking fu n d................ /I n t. at American Trust C o ., B oston, Trustee
Annuities is trustee o f F t. W . & N . I. T rac. car trusts. Ser. “ A ” mature




B o n d s .— B onds aro subject to call at 105 after 1913.
E A R N IN G S .— For 12 m os. end. Juno 30 1916, gross, $94,853; not,
$5,274. In 1914-15, gross, $88,551; not, $3,712.
H O A D .— Owns 21.723 miles o f track between N orw ood, M ansfield and
W rentham ; 21 passenger cars, 3 snow plows and 2 service cars.
O F F IC E R S .— Pres., Roger A m ory; Sec. & Troas., George L. Aspinwall;
Gen. M g r., M . A . C avanaugh.—’V. 87, p. 936, 1238; V . 101, p. 694.

FREEPORT, ILL.

D IV I D E N D S .— On com m on. 114% sem i-ann. from Sept. 1909 to and
Incl. M ar. 1912. am ount then Increased and paid 2% in Sept. 1912. In
M ar. 1913 Increased to 2 1 4 % . In Sept, to 3 % and In M ar 1914 to 3 1 4 % ;
19A 5 ;£ 4ar-'2 .5 * ^ - SePt - 1915 d iv. om itted. (V . 101.p.845.)
E A IiN IN G S .— O f the com bined com panies for 12 m os. ending June 30:
in ™ r
N e L & % - T a x . ) . I n t e r e s t . S in k . F u n d s . S u r p lu s .
1915-16..............$1,903,533
$695,905
$320,646
$115,814
$259,445
1 9 1 4 - 1 5 - ------ 2,185,512
944,280
346,519
89,225
508,536
R eport for calendar year 1915 in V. 102, p . 1983.
R O A D .— Operates 159.34 miles single track; 267 passenger and 34 other
cars
Power stations have capacity o f 6,582 k.w .
O F F IC E R S .— Pres., Marshall M . Phinney; S ec., Chester M . Clark;
T reas., Henry B . Sawyer; Gen. M g rs., Stone & W ebster M g t. Assn.—
V . 95, p. 679; V . 96, p. 419, 652; V . 97, p. 666, 802, 1024; V . 98, p T l5 5 ,
386, 522; V . 101. p . 845; V . 102, p . 153, 1718, 1983.

IL L IN O IS N O R T H E R N U T IL IT IE S C O.
, ,
C ontrolled b y the M iddlo W est Utilities C o., which soo in our “ R ailw ay
& Industrial Section .”
O R G A N IZ A T IO N .— Incorp. in 111. in April 1912 and as o f J u ly 31 1916
merged with itself the T ri-C ounty Light & Power C o. V . 97, p. 669) and
tho Freeport Ity. & Light C o. (seo this Section for M a y 1916) V. 103, p.
496. Operates gas and electric properties in tho western li If o f tno
northern part o f Illinois adjoining tho territory sorvod b y the Pub ic Service
GARY, IND.
C orp. o f N o. 111. Also operates street railways in Sterling and D ixon and
G A R Y & INTERURBAN RR.
an intorurban lino botweon tho tw o cities, total 1st track, 16.71 milos, and
R
e
c
e
iv
e
r
.
—
In
O
ct.
1915
Charles
E . D avidson o f G ary was appointed
9 miles o f track in Freoport. F r a n c h is e s in Freoport oxpiro M arch 1 1923.
Has tra ffic arrangement for 50 years with tho R ockford & Intorurban R y . receiver. V . 101, p . 1370, 1464.
D e f a u l t .— Interest due Oct. 1 1914 on the $250,000 Valparaiso Sc N orthern
C o ., allow ing cars o f that com pany to enter Freoport.
1st 5s was paid after some delay; subsequent coupons in default. D ec 1
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1914 and subsequent coupons on the G ary C onnecting 1st 5s and Jan
$8,191,300 ....................
Stock ($100)___________ ________ _______________
1915 and subsequent coupons on the Gary & Interurban R y . refunding and
First and rof M gold ______ t f 1912
5 g A-O
3,293,000 A p r 1 1957 first m ortgage 5s are also In default. P rotective com m ittees have been
U n d e r ly in g B o n d s —
_
form ed, with Dlm ner Beeber, Pres, o f Com m onw ealth Trust C o ., Phila
D o K alb C ounty Gas____________ __
5%
199,500 ____________ as Chairm an, and deposits f bonds have been called for. V. 100, p . 733!
Sterling Gas & E lectric____________
5%
249,500
______
Int. and prln. o f the $350 0 0 ) notes due Sept. 1 1915 was defaulted and a
A m b oy Lighting & Pow or_______ __
5%
3,000
_____
protective com m ittee was or,nod with Douglas II. G ordon. Pres, o f Balti­
Freeport Ry Lt & P 1st m tge/ 1903
5 g M -N
312,000
Seo text m ore T rust C o ., as Chairman, and deposits called for. V. 1 0 1 ,p .8 4 6 . Int
$350,000g ($1,000)_____ c* l American T r. & Sav. B k ., C hicago, trustoo. and prin. o f tho $100,000 coupon notes duo N o v . 1 1915 also in default. T he
Freon R y & Lt mtge $2,000,-1 1910
5 M -N
504,000 N o v 1 1935 Central T rust C o. o f Chicago, as trustee, has brought suit to foreclose under
000 g ($100, $500 «& $ 1.0001 lin t, at C ont. & C om m T r. Sc S. B ..O h .,tr u s.
tho $10,000,000 ref. & 1st M . 'V . 101, p. 1370. T he Baltim ore Trust C o .,
B o n d s . — Tho 1st & ref. M . bonds o f 1912 aro rod. at 105.
Additional alleging that it holds notes against tho road, has asked for an extension o f
amounts m ay bo issued (a) $454,000 to refund underlying bonds, ( 6) in tho rocoivership to cover the notes and collection o f all tolls and revenues
exchango, par for par, for mortgage debt oxlsting at tlm o o f acquisition o f with a viow to settling tho prin. and int. on tho notes, and has petitioned
properties acquired in tho futuro; (c) $ 1 ,000,000 for future additions; (d ) for tho salo o f tho road undor foreclosure.
expenditures over and a bovo $ 1 ,000,000 mado in acquiring futuro property
»9 .£t(?A'N'I^ ArI’ I C>N'-— Incorp. Jan. 28 1913 In Indiana as a consolidation
to oxtont o f 75% o f cost thereof. V . 94, p. 1383; V. 95, p. 1123.
Int. on F. R. L. & P. bonds is payablo at offices o f R udolph K loybolto o f the G ary & Interurban R y ., G ary Connecting R ys., Valparaiso & N orth­
ern
R y . and the Goshen South Bend & C hicago R R . V. 96, p. 1422.
C o ., In c., Cincinnati. Aro subjoct to call by lot at 105 & Int. $38,000
liavo been rotired. M aturity o f bonds is as follows: $5,000 duo in each o f Prior to consolidation the last-named had owned all the stock o f tne G ary
tho yoars 1910, 1912 and 1913 and $5,000 annually from 1915 to 1921 in cl., C onnecting R ys., 51% o f the stock o f the Valparaiso & N orthern R y. and
tho remainder in 1922. A s k . f d . provides for tho paym ont o f $2,000 per a oou t 40% o f tho G ary & Interurban R a ilw a y s stock, the four com panies
ann. for first 10 yrs. and $5,000 per ann. thereafter. O f tho Froop. R y. Sc haying been operated under Joint con tract.
M e r g e r D e c i s i o n . — On N o v . 10 1914 Judge Tuthill In the Superior C ourt at
L t. bonds, $350,000 aro reserved for prior liens. T hoy aro subject to call
at 102
on 30 days' notico from 1915. Sinking fund began in 1915; m ay bo Valparaiso, In d ., denied the application o f m inority stockholders to set
asido the merger. V. 99, p. 1451. See also V. 102, p. 975.
used for im pts., &c. V . 91, p. 716.
O F F IC E R S .— Pres., Samuel Insull.— V . 101, p . 612; V . 102, p. 1163; n r . u t er i m ent. ;"T . assessment o f 10% on the outstanding capital stock
Interurban R R . was called In 1914, payable within 60 days.
V . 103, p . 496.
9* 9 a7 floating debt, & c. Under the laws o f Indiana, in which State the
°P erat« 3- stockholders can bo assessed without foreclosure, and
hniVi£!L
ray* H10 assessment within the prescribed time subjects share­
FRESNO, CAL.
holders to forfeiture o f their stock. V . 99, p. 674.
FR ESN O T R A C T IO N C O .— A trolley road.
^
^ ,
1914 the ^ ity Council o f Gary caused to
In 1910 Southern Pacific assumed control and owns all tho stock except h n
Is , a notice that the com pany must sell 8 tickets for 25 cents,
directors' shares.
i ty, nnS tbis °,rder 's based on the franchise granted to President
O R G A N IZ A T IO N .— Incorp. in California In 1903. Leases tho Fresno G avit in
1907, w ho. It was claim ed, offered a 3-cent fare for 5 years, after
C ity R y . Purchases power from San Joaquin L t. & Power C o.
the lino was placed in operation. V . 99, p . 608. N o effort has been made
to enforce the order.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
- ................. $5,000,000 .......................
Stock $ 5 ,0 0 0 ,0 0 0 .-($ 1 0 0 )................F r a n c h is e s o f old Gary & Interurban R y . expire as follows- In G ary, 1957.
First m ortgago, $5,000.0001 1904
5 J-J
724,000 July 1 1944 T olleston, 1959: East C hicago & Indiana H arbor. 1949; H am m ond. 1939.
($1.000). g old ............c n t f/I n t . at Union Trust C o ., San Fran., Trustee.
An
Judge Anderson in the Federal C ourt authorized the issu­
B on d s o f L eased C om p a n y—
ance o f $39,000 receiver’s certificates.
Fresno C ity Ry first m tge/ 1902
6 g J-J
84,000 Jan 1 1922
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
$150,000 gold ($1,000) c * t f (U nion Trust C o .. San Francisco, Trustee.
C om m on $4,000,000 ($ 100) .......................................... $ 3, 722,875
B o n d s . — Fresno T rac. 1st M . bonds have a sinking fund com m encing In
6 % n on -c$ l,0 0 0 ,0 0 0 ($ 1 0 0 )____
__________
997 975
1909 o f $2,500 per annum for first 5 years and increasing $2,500 per annum Prof
C a r y A I n te r u r b a n R y —
for each 5-yoar poriod thereafter to $17,500 per annum from 1939 to 1943. Refunding and first m ortgage/ 1910
5 J-J
1,000,000 July 119 3 0
Fresno C ity bonds have a s in k in g f u n d o f $3,000 per annum for first tw o
$10,000,000 gold ($500 and] Int. in N . Y . or C h ic.,o r through Lawrence
yoars. $5,000 por annum for next flvo years and $7,500 per annum for
$ 1,0 00 )------ . . . . . .
...
I B a rn u m & C o., Central Tr. C o ., C h .. T r.a
next 10 yoars, com m encing Jan. 1 1905. Bonds cannot bo callod. In­
C ° ^ ™ not^ .? ? & 9 .-000 S old] 1912
6
g
M-& 350,000 Sept 1 19 15
terest payable In Now York and San Francisco.
($500 and $1,000)----------c*\Baltim ore Trust C om p any, Trustee
G a ry C o n n e c tin g R y s .—
C O M B IN E D E A R N IN G S .— Incl. Fresno C ity R y . Year ending June
30 1915, gross, $231,331; net, after taxes, $37,624; other Incomo, $18,958: First m tge $400,000 g o ld / 1911
5
g
J -D 400,000 June 1 1921
interest, & c., $87,048; deficit, $30,466.
($500 and $1,000) g u a r .,c * (W e s te rn T r. & Sav. B ank, C h ic., T ru stee.a
V a lp a r a is o A N o r th e r n R y .—
R O A D .— M iloage operated (incl. 8.14 miles leased from Fresno C ity R y .)
5 g A-O
250,000 April 11930
45.01 miles. Also owns 8.51 miles o f single-track operated b y Southorn First m tge $250,000 ($100) g ( -----callable at 1 0 5 . .......... — c l l n t . at M e t. T r. & Sav. B k ., C h ic., T r.a
P acific C o. Standard-gauge, 75-lb. “ T ” rail. 35 passenger, 2 work and
G a ry
I n te r u r b a n R R .—
1 com bination car.
6%
100,000 N o v 1 1915
O F F IC E R S .— Pres., W . F. Ilerrin. San Francisco; V .-P ., Paul Shoup; C oupon notes $100,000 ($500/ 1913
and $1,000) (closed) gu p&Il
Soc. & A ud ., II. A . Gulloden, Los Angelos; Gen. M g r., F. \V. WebsterR
eceiver’s
certificates_______
______
_______
See
text
.
T roas., M . S. W ade.— V . 76, p . 1192; V . 77, p. 1746; V. 78, p. 122 2 /
a William T . A bb ott, associate trustee. V . 99, p . 608.
S to c k . — A uthority has been given to increase stock to $7,500,000 as re­
quired. Pref. stock is to share In dividends on same basis with com m on
GADSDEN, ALA.
after latter has received 4 % .
A LAB A M A C IT Y G A D S D E N & A T T A L L A R Y.
G a ry & I n te r u r b a n R y .— Remaining bonds m ay be issued for 90% o f cost
O R G A N IZ A T IO N .— Incom orated under a special charter from the State o f extensions. Improvem ents, & c., under certain restrictions. Subj. to call
o f Alabam a. Operates, besides street railway, a light plant, an ice plant at 105 and Int. Sk. fd . o f 1% o f bonds out each year from 1915 to 1920 and
and a coal yard.
*
2 % thereafter. V. 91, p. 1385. Convertible notes are secured by deposit
o f $500,000 (entire Issue) East Chicago R y. 1st M . 5s, due 1928. and all o f
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it o
Its $500,000 stock. Were convertible Into said bonds at 90 and interest
Stock $500,000 ($ 10 0 ).............................................. ..
$330,000
‘
Sept. 1 1915. The East Chicago bonds are guar., prin. and int., by the
New mortgage $300,000 g o ld / 1906
5 g M -N
298,000 N o v " V 193ft on
Gary & Inter. R y. T he deed o f trust provides that the Gary & Inter. R y
(SI .0 0 0 ).............................t f l Interest at Trust C o. o f A m or.. N Y Trust
acquire the E. C hic. R y. upon the m aturity o f the notes, when an equai
B o n d s . — The unissued bonds are reserved for further additions at 9 o V
amount o f Gary Sc Inter. R y . ref. 5s. due 1930 will be reserved for the re­
o f cost. New bonds are subject to call on any Interest date at 105.
dem ption o f the E. C hic. R y. 1st M . 5s due 1928. V. 95, p. 890. Notes
!*•" R O A D .— Operates 11 miles o f track, connecting tho points named in the aro listed on Baltimore Stock Exchange. The Gary & Interurban R R
title. Standard gauge. 40 and 70-lb. T rail.
y
n cno notes are red. at 102 and Int. on 60 days’ notice. G uar., p. Sc 1 b y the
O F F IC E R S .— Pres., E .T . Schuler, Gadsden. A la .; V .-P ros.. G rr
Gary & Interurban R R ., the Valparaiso N orthern R y . and G ary Sc fntarSchuler, Jacksonville, Fla.— V . 83, p. 817.
urban R y . V . 98, p . 610.
Interest due Sent. 1 1914 on the 3-year convertible 6 % notes o f the
Gary & Interurban R y . was paid N o v . 29, 1914. V 99. n .6 7 4 ; V 100
GALVESTON, TEXAS.
p. 305. M arch 1915 interest was paid when due. Sept. 1915 int. and
O A L V E S T O N -H O U S T O N E L E C T R IC C O .— A holding com p any.
prin. defaulted; see remarks abovo.
O R G A N IZ A T IO N .— Incorp. in Maine on M ay 8 1907. Controls
G a ry C o n n e ctin g R y s .— First m tge. bonds are subject to call at 105 and Int
through ownership of stock the Galveston Electric C o. and the H ouston Int. at Lawrence Barnum & C o ., New Y ork. T he bonds are uncondition­
E lec. C o ., which companies do the entire electric railway and part o f the ally guaranteed by the Gary Sc Interurban R R .
electric lighting and power business in Galveston and the entire electric
E A R N IN G S .— O f Gary Sc Interurban R R . for year ending June 30 1915.
railway business in Houston. Also owns stock ot G alv.-H ous. Elec. R y ., gross, $278,556: net. $22,093: Interest and taxes, $152,328; deficit, $130,234,
an Intorurban road betwoen Gaiveston and Houston, 50 miles, and guar­
R O A D .— Operates local lines In Gary and extension through Tolleston
antees Its bonds, p .. I. and s. f. F r a n c h is e s expire in Galveston In 1950, In to H amm ond and East Chicago (connecting at Hammond with lin ^ running
Houston, 1935. Tho Intorurban Is on private right-of-w ay. $500,000 to centre o f C hicago). 22 miles; an extension to Indiana Harbor, 13 milesA
lHKr°"oe< l by Public Service Investment C o.
La Porte to Goodrum . 22 miles: Gary to Goodrum . 16 miles; from Chester­
STO C K A N D BON DS—
D a te .
I n t e r e s t . O u ts ta n d in g . L a s t D i n . A c .
ton and Porter, through Goodrum to Valparaiso, 12 miles; total miles o f
Common, $5,000,000 ($10 0 ) . . ___
M -S 15 $3 988,000
Seo text
track. 85. Standard gauge: 60 and 85-lb. T rail.
J ^ e'S ^ ’OOO.pOOeroCum ($ 10° ) -----M -S 15
3.000.000
Sept. T O .3 %
O F F IC E R S .— Pres., F. N . G avit, W hiting, Ind.; Sec., O. W . Chase
Gary; TreaST, L . E. W oodw ard, Gary; Gen. M gr.. J. O. N elson.— V . 100
G nnnE™ ?,w C« ,
5 2 •6,).0.'.'f , 1905
5 g M -N 1,344.000
M ay 1 1946
000 gold ($1.000)------c * t f ] Int. at Old C olony Trust O o .f B oston, Trusp. 305, 397, 642, 733; V. 101. p 773, 846, 1370. 1464; V . 102, p. 975.
I tee,or at com pany’s agency In New York.
ua>v-»iouH rci u y 1st
1st M $$5.-1
6 g A-O 2,914.000
2 914.000
5 ,-( 1909
6
O ct. 1 1954
000,000 g guar......... c * & r t f/I n t . at Old
GENEVA, N. Y.
’ ' C olony T r C o ., 1
B ost., Trustee.
lec *** l8t M $2,500.-1 1900
5 g F-A
1 950 000
O E N EV A SEN ECA F A L L S & AU BU RN R A IL R O A D C O .. IN C .
) Bost ug'p 1 1925
000 g ($1,000) sk f d . . c * t f l i n t , at Internet. Trust C o ."1
O R G A N IZ A T IO N .— Incorp. M ay 28 1913 as successor o f the Geneva Sc
19 callable at 120 and accum ”*d l UBoth prof- a ru /a itn ! Auburn R y. sold at foreclosure M arch 14 1913. Public Serv. Commission
aro listed on Boston Stock Exchange
authorized the sale o f $524,000 bonds at not less than 85. V. 97 p. 298.
Efee/rtc C o .— O f the bonds $1,026,000 reserved for additions
T he Public Service Commission In M ay 1915 auth. the Issue o f $37 i50
a ? ( hn pts.at 80% o f cost and $130,000 have been rotired. A s in k in g f u n d 6% 8,er‘ aI notes maturing within 6 years, the proceeds to be used for
0 f I H * ?r1,}ond9 certified began July 1 1906. Callablo as a whole or in
Improvements, & c. In Dec. 1915 applied for auth. to issue
part for sinking fund on any int. date at 110 and int. on 30 clays’ notico. $38,477 ado 1 notes at not less than an average price o f 96.
oee v . 01» p. 97o.
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
E K c,tric. Rl' ~ 0 t th0 remaining bonds. $26,000 aro Stock. $200,000----------------------- .
.
________
$157 100
hem In trust for benefit o f com pany and $2,000,000 are reserved for Bonds. $524.000— ..................... 1913
5
%
501.000
J
u
l y 'i " 1943
acquisitions and Improvements; $60,000 have been canceled. D enom • Serial notes................................. 1915
6%
27.000
See text.
coupon, $500 and $1,000; registered, $1,000 and $5,000. Subject to caii
E A R N IN G S .— For year ending Dec. 31 1915, gross, $99,356: net,$44 . 171 .
on any Interest day In whole, or in part for sinking fund at 105 and Int
S in k in g f u n d o f 1% o f bonds to 1944; thereafter f u % .
F l i t fivo pay­
R O A D .— Extends from Geneva to Cayuga Lake Park through W aterloo
ments waivable. Bonds aro guar., prln., int. and sinking fund b v Galv - and Seneca Falls. Length o f main tracks 15.916 miles; sidings, .871 miles;
Hous. Elec. C o. Seo V. 90, p. 697.
y
miscellaneous, .36 mile; total, 17.147 miles. Rails. 70, 80. 90 and 100-lb.
H o u s to n E le c tr ic C o . — Entire issue, but not any part, can bo called at T ; track standard gauge.
107H and Int. S in k in g fu n d o f I M % o f bonds outstanding payablo on
O F F IC E R S .— P res.. R . R . Quay, Pittsburgh, P a.; Sec., L . G . Hoskins.
A ug. 1 each year. See V. 74, p. 680. $550,000 o f bonds n o t reported
Ge^ e n»’ N ’ ,XkvA ct!n,i SuPe- * T roas., W . A . Shirley, W aterloo. N . Y .
outstanding was hold by this fund on July 31 1916.
— V . 96, p. 1629; V. 97. p. 298.




GIRARD, PA.

D e d u c t—

C L E V E LA N D & E RIE R A IL W A Y C O .
O R G A N IZ A T IO N .— Incorporated in June 1909. Is successor to C on neaut & Erie Traction C o ., sold at foreclosure. Owns all the stock and
bonds and leases the Conneaut & Erie Traction O i . o f O hio, which owns
1.99 miles o f track. F r a n c h is e s are for 999 years.
S T O C K A N D B O N D S .— D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
$300,000
...............
Stock. $300,000................ .....................................— First m tge. $800,000. gold ! 1909
5 J-J
500,000 July 1 1929
($250 and $500)_________c j l n t . at Fidelity Trust C o ., Phila., trustee.
Incom e bonds $500,000 ($250t 1909
5 July
500.000 July 1 1929
and $500).______ __________ /l n t . at Fidelity Trust C o ., Phila., trustee.
B o n d s . — Remaining first m ortgage bonds are reserved for extensions,
betterm ents. & c. They are subject to call at 105 and lnt. on 3 m onths'
notice. In t. on Income bonds Is only payable If earned, and Is non -cum .
T hey are subject to call at par. Bonds have no sinking fund. N o Interest
has been paid on Incomes.
E A R N IN G S .— F or 12 m onths ending June 30:
J u n e 30
G ro s s
N et
O th er
I n t . , T a x e s E s t . D e p r . , B a la n c e ,
Y ear—
E a r n in g s . E a r n in g s . I n c o m e . & R en ta ls . & R e p la c e .
D eficit.
1915-16 -..$ 1 2 1 ,8 3 7
$45,556
$960
$39,597
$16,248
$9,329
1914-15 . . . 117,532
44.890
418
38,810
16,248
9,750
R O A D .— Owns 31.29 miles o f track. Operates between Conneaut and
Erie. Standard gauge: 60-lb. rail; 9 passenger and 8 other cars,
O F F IC E R S .— Pres., C . E . W illock, Pittsburgh: V .-P ., H . E . Fish,
Erie, R a.; T reas., J. R . M cD on a ld . Erie, Pa,; S ec.. J . M . Sm ith, G irard,
P a .; A cting M g r., J. M . Smith, Girard, Pa.

GIRARDVILLE, PA.
S C H U Y L K IL L R A IL W A Y C O .
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on July 20 1903 and
purchased the property o f the Schuylkill Traction C o . and the Lakeside
R y . C o . V . 80. p . 1729.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock. $400,000 ( $ 5 0 ) ............ .............................
$400,000 .....................
First consol m tge. $1,450,000,1 1905
5 g A -O
640.000 April 1 1935
gold ($500 and $ l ,0 0 0 ) ..c * ] l n t . at Fidelity Trust C o ., Phila., Trustee.
B o n d s . — O f the remaining first consol, bonds, $760,000 are reserved to
retire the underlying lions In statement below and $50,000 are In treasury.
Are subject to call at par and Interest.
E A R N IN G S .— F or year ending June 30 1915, gross, $240,483: not,
$115,249; int. and taxes, $81,718: m isc. deductions, $25,959: sur., $7,572.
O F F IC E R S .— Pres., Powell E vans, Phila.; Sec. & Treas., J .A .M c K e e !
Phila. ;Gen. M g r., W .S . Leib. Pottsvllle.— V . 80. p. 1729; V . 82. p . 1157!
V . 87. p . 286.
(1) S c h u y lk ill T r a c t io n C o .— A trolley road.
O R G A N IZ A T IO N .— Chartered Sept. 26 1892, In perpetuity, under the
M otor Traction A ct o f M arch 22 1887. Road opened June 1 1893. On
Jan. 6 1893 leased for 999 years the M ahanoy C ity Shenandoah Girardvllle
& Ashland Street R y .
On O ct. 6 1893 leased for 999 years the Ashland
Locustdale & Gentralla E lec. R y . Owns all the stock o f these tw o roads,
which Is pledged under the first m ortgage. On April 27 1900 leased for 999
years the Lakeside R y .. which connects the tw o ends o f the com p a n y’ s
routes from M ahanoy C ity to Shenandoah and purchased 2.600 o f the 5.000
shares o f the capital stock. On Jan. 24 1901 leased the Shenandoah &
Pottsvllle Street R y . for 999 years (Incorporated A ug. 1 1900), and from
Pottsvllle to Shenandoah. 13 m iles, and bought all its capital stock . T he
Lakeside Shenandoah & Pottsvllle stock Is pledged under consol, m tge.
S T O C K & B O N D S — M i l e s . D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1st M . $500,000. g ,$5001224* 1893
5 g A-O
$500,000 April 1 1943
& $ 1 ,0 0 0 ------------------- /I n t. at C on t.-E qu it. T . & T . C o . , Trustee, Phila.
1st M . Lakeside R y. g .f 5)4 1893
4 g M -N
150.000 N ov 1 1923
$150,000, guar'd by (In t. at C on t.-E qu it. T . & T . C o ., Philadelphia,
Schuylkill T r a c t io n ., l Trustee.
1901 4 )4 g J-J
105.000 July 1 1951
New consol m tge. s e e l-----text ($1,000). g ___c*/In terest at Fidelity Trust C o .. Phila., Trustee.
Power-house m ortgage______ _____
_______
5.000 ___________
B o n d s . — T h e 1st M . bonds o f 1893 m ay bo purchased for sink, fund at
105. Sinking fund o f $10,000 por annum began A pril 1 1898. In June
1916 the trusteo brought suit for an accounting o f net profits from operation
o f the properties under the m tge. and asked for the paym ent o f $10,000 or
such part thereof as can bo determined to be duo, with interest, for each
year from A pril 12 1905 in which net p rofits were oarned, in accordance
with the sink, fund provisions. A uth. am ount o f consol, m tge. was $2,­
000,000, but m tge. has been closed with $105,000 out. O f the outstanding
bonds $36,000 aro held in the treasury. Subject to call at 105 and interest.
S in k in g f u n d o f 1% o f bonds out becam e operative A ug. 1 1907.
R O A D .— Schuylkill Traction D ivision, 22)4 miles o f track, beginning at
Locustdale. thence through Ashland, Holmosvlllo to Girardvllle, form ing
there a Y , one branch running through Lost Creek to Shenandoah and the
other branch to M alzevllle. Gllberton and M ahanoy C ity . Lakeside D ivi­
sion. 5)4 miles. T ota l, 28 miles. 60 and 70-lb. T rail. Extensions o f 43
miles proposed and charters obtained. Operates 51 m otor cars, 4 work
cars and 2 snow sweepers.— V . 80, p . 1729.

GLOVERSVILLE, N. Y.
FON D A JO H N S T O W N & Q L O V E R S V IL L E R R . C O .— Steam and
electric road.— See statement In "R a ilw a y and Industrial” S ection.

GRAND RAPIDS, MICH.
C O M M O N W E A LTH P O W E R . R A IL W A Y & L IG H T C O .
O R G A N IZ A T IO N .— Incorporated In M aine Feb. 19 1910 to carry out
the plan outlined in V . 90. p. 108, 447. for amalgamating certain gas,
electric light, power and street railway enterprises (n M ichigan.
Controls through stock ownership the following companies:
Consumers Power C o .
ISaginaw-Bay C ity Railway C o .
Grand Rapids R y .
Grand Rapids Holland & C h ic. R y .
M ichigan Light C o .
Springfield (O .) L t.. H t. & P ow . C o .
Michigan R a ilw a y C o .
[U nion R ailw ay. Gas & E lectric C o .
M anistee Railway C o.
On June 30 1916 constituent companies had outstanding In hands o f
the public $69,134,000 bonds and $13,938,000 preferred stock.
On M ay 15 1913 the com pany acquired (through exchange o f new stock
on basis shown in V . 96. p. 1296) the outstanding capital stock o f the Union
R y ., Gas & Elec. C o. and the Springfield (O .) Light C o . (V . 96. p . 1298)
and the M ichigan R ys. C o.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
$18,466,800 A ug '16, 1%
Q-F
C om m on ($ 1 0 0 )___________________
Preferred (6 % cum) ($100)-------------Q-F
17.556.000 Aug '16, 1)4
O o n v b d s. $10,000,000 ($100.1 1913
6 M -N
............ ...........................
8,444.000
M ay 1 1918
$500 and $1.000). . c * . . t f (In t. payable In New York and Philadelphia.
S to c k .— Preferred stock Is redeemable at 105 and accrued dividends.
B o n d s .— T h e proceeds o f the con v. bonds were used (1) to retire the
$2,000,000 notes maturing June 10 1913; (2) for the acquisition o f $2,100,­
000 pref. stock and approximately $1,500,000 notes o f Michigan Rvs. C o .;
remainder was available for com pany’s purposes.
Bonds are cou v. (in
amounts o f $1,000 or multiples thereof) Into an equal amount o f pref. stock
at par, and upon conversion bondholders will also receive com m on stock
equal to 3 0% o f bonds so converted. V . 96, p. 1296, 1556. As o f Sept 25
1916 $1,556,000 bonds had been converted. Bankers’ Trust C o ., Now
Y ork , is trustee.
D iv id e n d s . — Quar. dlvs. o f 1 )4 % on pref. have been paid since organiza­
tion. First d lv. on com .— 1 % — paid M a y 1 1913; same rate quar. since to
and incl. A ug. 1916.
R E P O R T .— For year end. D ec. 31 1915 will be found In V . 102. p . 603.
C o n d e n s ed E a r n in g s S ta tem en t f o r Y e a r s e n d in g J u n e 30.
1915-16.
1914-15.
1913-14.
Earnings on sub. co. stocks.................. $2,776,500 $2,382,175 $2,463,862
Interest, & c., earnings...........................
580,811
603,367
549,569
Gross earnings......................................$3,357,311




$2,985,542

Expenses and taxes__________________
Interest charges.......................
Am ortization o f d ebt discount______
D ividends o f preferred stock _________
D ividends on com m on stock (4 )_____

1915-16.
$149,948
630,183
28,932
971.075
721,999

1914-15.
$140,584
640,350
28,932
960.000
620.000

1913-14.
$137,197
654,822
14,078
960,000
620,000

Balance, surplus.................................
$855,174
$595,676
$627,334
C om bined earnings for the 12 m onths ending Juno 30 1916, gross, $15.­
841,539; net, $8,277,298; in t., taxes, & c.. $5,729,050; surplus, $2,548,248.
P R O P E R T Y , & c.— Through its constituent com panies, owns and oper­
ates electric railways serving 75 cities and towns with 858.27 miles o f single
track; rovenue pass, carried during year end. D ec. 31 1915, 90,652,013;
electric light and power com panies serving 98 cities and towns with sales
during the year ended D ec. 31 1915 o f 243,394,854 k. w . h.; 17 hydro­
electric plants; 19 steam electric plants with an Installed capacity o f 180,000
h. p ., high-tension transmission lines aggregating 1,208.11 miles in length;
as com panies serving 14 cities, with sales during the year ending D e c. 31
915 o f 2,220,128,000 cu bic feet; miles o f gas mains, 875.
O F F IC E R S .— Pres., A nton G . H odenpyl; V .-i\ , C . M . C lark. Phila.;
V .-P ., G eo. E . H ardy; Sec. & Treas., Jacob Hekma; Asst. Sec. & Asst.
Treas., C . A . Pearson J r., Phila.— V. 100, p. 471, 1592; V. 101, p. 444,
1552, 2144; V. 102, p . 603, 714, 1718; V. 103, p. 490.

f

(1) M ich ig a n R a ilw a y .
O R G A N IZ A T IO N .— Incorp. July 22 1909 as the M ichigan & C hicago
R y . and on M ar. 21 1914 changed its name to M ichigan Ry. On Jan. I
1916 leased for 999 years the M ich. United Rys. (form erly leased to M ich .
United T raction C o.) and the Grand Rapids Holland & C hicago R y .
F r a n c h is e s . — T he com pany owns In fee the right o f way on line from Grand
Rapids to Kalamazoo: from Allegan to Battle Creek and from Saginaw to
Bay C ity, and for 17 miles o f its line from Saginaw to F lint. Franchises
on the balance o f the Saginaw-Flint line are regarded as perpetual.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on stock $6,000,000____ ______
_________ *$4,392,000
1st m tge $15,000,000 gold 1914
5%
See text June 1 1944
($1,000, $500, & c).............. M ich . T r. C o . and Frank A . Gorham , trust.
5 g J-D
6.000,000 June l 1919
1st lien gold notes $7,000,000 1914
($1,000, $500 & $100) guar Bankers T r. C o ., N . Y ., and D otrolt T r.
rin & lnt_______________c*
Int_______________c*
prln
C o ., D etroit, Trustees.
All owned b y Commonwealth Power R y. & L t. C o . and deposited as
security for the 5-year gold notes (V . 98, p . 1993).
B o n d s . — O f the $15,000,000 auth. bonds, $7,500,000 is deposited as
part collateral for the notes.
N o te s . — T he remaining $1,000,000 notes may be Issued only to extent
o f 8 0% o f cash expenditures for extensions, im pts., & c., under certain
restrictions (V . 98, p. 1993). Guar. prln. & lnt. unconditionally by Com m on
P ow . R y . & L t. C o. by endorsement. In t. payable in N . Y . or London at
$4 8665 per £. R ed. on int. dates at 103 & lnt. in 1916; 102 & Int. in 1917,
and 101 and int. In 1918. $lO.3O7,70O par value o f stock o f several com ­
panies controlled b y the C om . P . R y .& L . G o. is deposited as collateral se­
curity.
R O A D .— Owns and operates an interurban electric railway 34.52 miles
long, extending from Flint to Saginaw, with branch to Frankonmuth; an
interurban railway from Saginaw to Bay C ity , 10.83 miles, in operation
since M a y 1 1914; a railroad from Allegan to Battle Creek, 42.42 miles,
form orly operated b y steam but was electrified; a new high-speed Interurban
lino, 52.98 miles, extending from Grand Rapids to Kalam azoo. Construc­
tion on this line com pleted in D ec. 1914 and regular servico was bogun
M a y 17 1915. Leases the M ichigan United R y s., 256 miles, and the Grand
Rapids H olland & C hicago R y ., 77 m iles.
O F F IC E R S .— Pres., B . O. C obb; V .-P s ., H . H . C row ell, Frank Stillman
Jr. and J . F . Collins; S ec., G . B . D ob b in ; T roas., J. VV. Glondening,
O ffico, K alam azoo. M ich .— V . 98, p . 1993; V . 99, p . 407. 1451, 1598;
V . 100, p. 398. 1752; V . 102, p . 522.

S

(a) M ich ig a n U n ite d R y s .— A third rail and trolley systom . Leased to
M ichigan Railw ay C o . for 999 years from Jan. 1 1916.
O R G A N IZ A T IO N .— Incorporated in M ichigan on M arch 31 1906 and
on M ay I 1906 took over the M ichigan Traction C o ., the Michigan Traction
Extension C o ., the Jackson & Battle Creek T raction C o . and the Lansing &
Suburban T raction C o . The Lansing & Jackson Railway C o . has also been
deeded to the Michigan Un. Rys.
In 1908 purchased Jackson Consolidated Traction C o . V. 84, p. 1183,
and V. 87, p. 285. Latter com pany’s f r a n c h is e s in Jackson expire in 1960.
The C ity o f Jackson has the right to purchase the Jackson Consolidated
Traction at an appraised value in 1930 and each 5 years thereafter.
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on, $6,000,000 ($100)........................................ $6,000,000 ____________
Prer $1,000,000 ($100) 6% cu ............
M -S
1.000.000
See text
1st & ref mtge $12,500,000/ 1906
5 g M -N
9.632,000 M a y 1 1936
gold ($1,000, $500. $250,(In t. at Colum bia T r. C o .. N . Y ., trusteo.
$100 and $50)_____ c& r.tfl or N a t. Provincial Bk. o f Eng.. London.
M ich T rac 1st m tge................( 1 9 0 1
5 g J-J
329.000 Jan 11921
$700,000 ($1,000) g c * ..n t f] Interest at N ew York Trust C o ., Trustee.
M ichigan T rac Ext 1st m tgef 1903
5 g J-D
316.000 D ec 1 1923
$500,000 ($1,000) g ___c . t f l l n t . at C olum bia T r. C o .. N. Y ..T ru ste o .
Jackson & Battle Creek first/ 1903
5 g J-J
1.200.000 Jan 1 1923
m ortgage, $1,200,000 ($ l,-{In te re st at Citizens’ Savings & Trust C o .,
000) g o l d .................... c * . t f
C leve., Trusteo. or First N at. B k.. N . Y .
Jackson Consol T rac 1st m tgef 1904
5 g M -N
790,000 M a y 1 1934
$1,000,000 gold ($100.$500[ Interest at Guardian T rust C o ., New Y ork,
and $1,000).................. c * t f ( Trustee.
B o n d s . — O f the $12,500,000 first and refunding bonds, sufficient are
reserved for prior liens and remainder fo r addns., betterm ts and Impts.
Subject to call at 110. V .8 2 , p. 1157. Soo also V . 87, p. 167, 285: V . 88,
p .1 4 3 7 . B onds are listed in L ondon. V .9 0 ,p .9 1 4 . T he Jackson C onsol.
T rac. C o. bonds aro subject to call on any int. dato at 105.
On the M ichigan T raction C o. bonds a sinking fund o f 5 % o f gross earn­
ings com m enced in 1903. to be used in buying bonds at not to exceed 110;
otherwise to be Invested in other standard securities. V. 72. p. 391:
$371,000 M ich .T ra c. 1st M .b o n d s and $184,000 M ich. T rac. Ext. 1st M .
bonds wore hold in sinking fund on Juno 30 1916 and aro not included In
the amounts above.
The Jackson & Battle Creek bonds are subject to call in any amount
after 10 years at 105 and Interest. V. 75. p. 1147.
D iv id e n d s . — 6 % Is being paid on preferred stock.
R E P O R T .— Earnings are no longer reported separately.
R O A D .— Operates ail city lines in Jackson. Battle Creek, Kalam azoo
and Lansing and Interurban lines between Jackson, Battlo Creek and Kala­
m azoo. and between Jackson. Lansing and St. Johns, Lansing andO w osso,
and from Jackson to Grass Lake and W oir Lake; total operated. 256 miles.
Through service between Jackson and Lansing began in N ov. 1909. Op­
erates through service to D etroit over D etroit United R y . lines under traffic
agreem ent, connecting from Jackson. V . 90, p. 106, 914; V. 91, p. 1026,
1096,1157; V . 92, p. 1178; V . 93, p. 1787; V . 94, p . 68, 207; V . 96, p . 1423.

(b) G ra n d R a p id s H o lla n d & C h ic a g o R y .
Com . Pow., Ry.&Lt. Co. owns all the prof, and practically all the com . stk.
Leased to M ichigan Railw ay C o . for 999 years from Jan. 1 1916.
O R G A N IZ A T IO N .— Incorporated In M ichigan in July 1904 and is a re­
organization on Aug. 1 1904 or the Grand Rapids Holland & Lake M ichigan
Rapid R y . See V. 79, p. 627. Power is supplied to com pany b y Grand
Rapids-M uskegon Power C o ., but com pany maintains own station in readi­
ness to operate in case o f em ergency. F r a n c h is e s In city o f Holland and
village streets expire in 1928 to 1930; remainder on private rights o f way.
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
C om m on. $500,000..........................................................
$487,900 .....................
P ref, $850.000. 6 % ..........................................................
836.800 .................. ..
1st m tge. Grand Rapids H o l.f 1900
5 g F-A
1,475.000 Aug 1 1920
& Lako M ich , $ 1 .5 00 ,0 0 0 ,/Int. at American T r. & Sav. Bank, C hicago,
gold ($ 50 0 and $ 1 ,0 0 0 ).n t f l Trusteo, or at Guaranty Trust C o, N . Y .
B o n d s . — A s in k in g f u n d Is provided o f $5,000 per annum for first 5 years.
$10,000 per annum for second 5 years, $15,000 yearly for third 5 years and
$25,000 per annum for fourth 5 years. Bonds are not subject to call.
R O A D .— Operates 77 miles o f track from Grand Rapids through Holland
to M acataw a and Saugatuck, with steamer connection at Holland for C hic.
O F F IC E R S .— Pres., J. F . Collins; V .-P ., B . O . C o b b , Now York; Sec.,
G . B. D obbin; Troas.. J. W . Glondening.— V . 78. p . 702; 768; V . 79. p. 627;
$3,013,431 1 V . 96, p . 1422;. V .100, p. 140.

(2) U n ion R a ilw a y . G as & E lectric C o.
ALCT-£?er.— Under the plan dated April 28 1913. practically all the $5,250.
000 pref. stock was exchanged for $5,250,000 new prof, and $525,000 new
com . stock o f the Com m onwealth P ow ., B y. & Lt. C o ., and the $8 000 000
com . for an equal am t. o f new com . or $1,500,000 prof, and $4,500,000 com .
O R G A N IZ A T IO N .— Incorp. In New Jersey June 29 1909 and ac° f Springfield (111.) R y . & Lt. C o.. the R ockt0. ! /
^ & Inter. R y . C o ., tho Peoria L t. C o ., and tlio Evansvillo
Light G o. per plan In V. 88. p. 1501; also all the stock and bonds of
H * £ w « ^ 7nIonTraCa 0?. F„°’
stock. $50,000 b onds), and all the
stock ($497,500) and all the 1st ref. bonds ($382,000) o f the De Kalb-Syca« °n n n nnn^erurban r Fac,- C o -, The Evansvillo Light C o. owns the entire
cointnon stock and $950,000 o f the preferred stock o f the Public
Utilities C o. (Incorp. June 1912), which com pany merged the Evansville &
South Ind. T rac. (see Elec. B y. Sec. o f M ay 1912), Evansville G a s & E le a
L t. C o. and Evansv Pub. Serv. C o
On Oct. 14 1912 Circuit Judge WII
h?^a „h lafk e?.i 8USitalll<ld tbe dem urJ*r o f the Public Utilities C o . in a suit
brought to dissolve the com pany, holding that tho consolidation was in ac­
cordance with the statutes (V . 95. p. 1040). and In D ec. 1912 he dismissal
the suit. V . 95. p. 1747. The Peoria Light C o. owns all the $2 500 000
o o m - pref. andfthe $5,000,000 com . stock o f the Central Illinois L t ° C o °
»
I }^2) which was incorp. In April 1913 and took over the properties
o f the Peoria Gas & Electric C o .. Citizens' Gas & Elec. C o o f Pek n and
its subsidiary com pany, the Pekin L t., H t. & Power C o ., W ashington (fu .)
L t. & I ower C o ., Elm wood Elec. Lt. C o ., Farm ington L t. & Pow C o and
the Elec. Service System. The Union B y ., Gas & Electric Subsidiary
companies own and operate street railway properties In Springfield and
R ockford. III., Evansvillo, In d ., and Janesville. W Is” and hitorurban
linos from R ockford to Freeport and Belvidero. 111., through Beloit Wis
to Janesville. W ls.. from De Kalb to Sycam ore .I I I . , a n T frorn E vansville
to Princeton and Patoka, Ind.; also gas, electric and steam-heating nroDerties in Peoria, Springfield and Pekin. 111., and Evansv Ho Ind ? el^ tric
light and power and steam heat in Do Kalb and Sycam ore 111.! and electric
properties In numerous other cities and towns in Illinois.
E x c h a n g e o f P e o r ia L ig h t C o . B o n d s . — Holders o f the collateral trust
5 % 30-year bonds o f the Peoria Light C o. have t h e o p M o n o f exchanghig
their bonds for Central Illinois Lt. 1st & ref. 5s (see b elow ). dollar for doflar
also receiving 3 % in cash. As o f July 31 1916 all hut ssn non o f the
$2,500,000 bonds had boon so exchanged.
* 350,000 ° r tno
„ In A pr. 1916 issued $3,000,000 3 -yr. 5 % notes to rofund $1,500,000 Un.

p *ed£ ?<Kt°rTS^cur?>Un. R y ., G . & E . C o . 3 -yr. gold notes and $23,000 are
?»wnc uib y Union R y ., Gas & E l. C o . Int. at Hodenpyl, Hardy & C o ., N . Y .
Callable on any int. date at 107% & int. T he Evansville Gas & Electric
J/!giot9? ° i ’„ ^.V s1t caU
and interest $10,000 annually on June 1 1913
to 1922, Inclusive, and $15,000 on Juno 1 1923 to 1932. inclusive; $40,000
have been retired. T h ey are subject to call at 105 and interest. O f the
Evansville & Southern Indiana first consolidated bonds. $1,609,000 are
/nn'fMM/f
nnn3’ T h e Evansville & Princeton first 5s have a
s in k in g f u n d o t ^$10,000 per annum, which began Feb. 1 1908. said fund to
w h h?obi°nds a r JP5 ^“Binning with N o. 1. $40,000 have been
p i ™ „o rf nCleveland
th(P 0 PSnds
m ay bo ocalled
atortgage.
any tlm e Eatvans­
HO
an®
"• ' w
W •' Prior
is co-trustee
f this m
ville E lec. R y . bonds cannot be called. T he Evansville Public Service
C o - ’ p I ? PniPnnn f
J110 Bankers Trust C o ., N . Y ., to secure an isfPfhUn fTHm?^rPnbf^.diS^ .T h c^° bonds have been issued to reimburse the
P n l Cfi!Pw.t e
S
b
u
t
nono outstanding in hands o f public.
D iv id e n d s .— F ir s t d iv ., 1 % % , on pref. paid O ct. 1909 and same amount
nuar. sinco to and including July 1916. Pirst d iv on com —
paid
April 1 1913: July 1 .1 % : O ct.. 1 % . In 1914, Jan .1 %
C om . p 6 w ..PR y .
& Lt. C o. owns practically all the stock and divs. no longer made public.
E A R N IN G S .— Combined earnings o f subsid. cos for 12 mos ending
. f. . . ^ . S2.3d . K L ^ s ; . s s g

& Freeport Electric R y. between points named in title, and 35 miles be­
tween R ockford, 111., and Beloit and Janesville, Wis
Total 111 39 m
Springfield B y. & L t. C o. o p e ra te 42.91 miles In Springfield. Janesville T rie'.
C o . operates 5 m . in Janasviile W is.. and De K alb-Sycam ore & Inter. T ra c.,
8 m ., connecting De Kalb and Sycam ore, 111. Public Utilities C o oneratn.
abt. 69 m . in Evansville and between Evansville. Princeton and Patoka. I n d .
O F F IC E R S .— Same as for C om m . P o w ., R y . & L t. C o a b o v e __V Q3*
p . 290. 528; V . 95. p . 1747; V . 96. p . 137. 71 / . 1299; V7 102. pT 1541.'
'
(3) S p rin g fie ld (O .) L ig h t. H eat & P ow er C o .
Entire capital stock Is owned by C om . P ow .. R v . & L t. C o .
O R G A N IZ A T IO N .— Incorporated in M aine in A ug. 1908. Franchises
extend beyond m aturity o f bonds.
., In Fob. 1916 the Ohio P. U. C om m . auth. the issuance o f $181,000 5 %
Gen. & R ef. M . bonds and $100,000 pref. stock to reimburse the com pany
for capital expenditures. &c. V . 102, p . 614, 810.
p y
„ c> ? ^
O o- c %
trS T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
C om m on stock ($1,000.000)............................. : ____ $1,000,000
l v lu lu r u v 200,000
om£oO« V 000.000( » ? 0® : .
«wToobToo#*
* * »«* •
%
e x i Preferred stock ($1,000.000)........................................
Pref $12,000,000 -----cum ($100). .
5 A -O
481.000 April l"l9 3 3
6 Q-J
5.250.000 J u ly '1 6 . 1'■ Spring L t. H & P gen & ref M f 1913
Collateral trust m tge, g o ld / 1909
_
$5,000,000 ($1,000). R e d /In t. at N . Y . and L ondon. M fch . Triwt
4.000.000 July 1 191
5.J-J
at 105 and in te re st._ c* n tf l C o ., Grand R apids, Trustee.
($500 and $1,000)
c*..tflConTm crcial Trust Co?,‘ l»hila /7 T ru stee.
5 F-A
703.000 Feb 1 1929
G old n otos ( f i.O O O je * -----— m e
5 A -O
3,000,000 A pr. 1 1919 Springfield Light, Heat & / 1909
S p r in g fie ld R y. A L ig h t C o .—
Power first m o r t g a g e ..-t flin t , at State Sav. B k. & T r. C o. Col O T r
8prlngfield Ry& Lt coll tr M ( 1903
5 g J -D
3,075,000 June 1 1933
B o n d s . — Sufficient gen. and ref. bonds are reserved to retire at or before’
$5,000,000 g ($1,000) c ^ .t f ) Fidelity and Colum bia T r. C o ., Loulsv.,trus. m aturity the outstanding 1st M . bonds. Remainder for extensions en­
Springfield Con By con sol/ 1893
5 g J -D
750,000 June 1 I 933 largements and additions at 8 5% o f cost with certain restrictions
See
V . 102, p. 1352. $47,000 first m ortgage bonds in sinking fund.
m tg $750.000g($ 1,000) c.tflC oIu m b ia Trust C o .. Louisville. Trustee.
R o ck fo r d A I n t e r u rb a n R g . C o .—
E A R N IN G S .— For cal. year 1915, gross. $328,885; net. after taxes
R ockford & Intor - U rban-/ 1902
5 g A-O
1.710,000 O ct 119 2 2
1st m tge. gold ($500 and] Interest at First N a t. B k ., N . Y ., or at C on - $158.439.— V . 100 p . 1923; V . 102, p . 614, 810, 1352.
(4) G ra n d R a p id s R y .— T rolley.
$1,000) $3,000.000..c*..n tf l tlnen. & C om . T r. & Sav. Ilk., C hic, trus
.A ll the com m on and $500,000 pref. stock is owned b y C om . P ow ., R y . &
R ockford & Freeport first/ 1903
5 g M -N
573.000 M a v 1 109-1
m tge. $750,000. gold, guj Int. at C on. & C om . T r. & Sav. Bk C hicago Light C o .
p & 1 ($ 1 ,000& $500)c*..ntf 1 Trustee.
” ^mcag0
O R G A N IZ A T IO N , & C .— Incorp. in M ichigan in A pril 1900 as a suc­
R ockford Bel & Janesville 1st 1 1905
5 g A -O
996.000 O ct 1 1010 cessor
com pany to the Consolidated St. R y . Owns and operates the entire
mtge g ($1,000) s f ,_ c * ..t f / Int. at C ont. & O om . T r. & Say Bk Chic
street railw ay system o f Grand Rapids and vicin ity. F r a n c h is e s expire in
Trustee, or First N a t. Bank N ew VriCt/’ 1921 and in 1929.
D e K a lb -S y c a m o r e A In te r u r b a n T r a c . C o . —
* N ew Y ork.
STOCK A N D B ON DS—
D a te .
In terest.
De K alb-Sycam ore E lectric/ 1907
J-D
5 qoo
1000
O u ts ta n d in g .
M a tu r ity .
Stock com $2,000,000 ($100)..............
$2,000,000
See text
first m ortgage................ n tf\ In t. at C on t. & O om . T r. & s B k C hic nv
P ref $2,000,000 cum 5 % ($ 1 0 0 )____
P e o r ia L ig h t C o .—
** v' u lc"
2,000.000 A u g ’ 16, 1 %
5 g J -D
3,500,000 June V 1919
Peoria Lt. C o. coll. tr. mtge. I 1906
6 J-J
Sno text Tni,r 1 m io First m tge $5,000,000 g o ld / 1916
-------- c *U n t. in N . Y . Bankers Trust C o ..N .Y .,tr u s.
($1,000)
$5,000,000 g ($1,000) .c * .tflB a n k e rs ’ Trust C o .. New York Trustee 1938
Bonds.— $3,500,000 were sold in July 1916 to refund $3,023,000 old 1st
Peoria (las & Elcc. C o. 1st M.J 1903
5 J-J
2 500 Oflri Tan 1 io<v»
$2,500,000 g ($1,000) ..c*tflB ankera Trust C o .. New York T n steo 1923 M . bonds due Juno 1 1916 and for other corporate purposes. Remainder
ca n ,o n ly bo Issued for 8 0% o f cash cast o f extensions, enlargements and
Cent III Lt 1st & ref M $15.- 1913 5 g A-O
’ 3605 000 A n rlM -1
additions, when annual net earnings are twice the total Interest chargo in­
000.000 ($100. $500. $L -{B a n k ers Trust C o ., New
cluding bonds proposed to be Issued. R ed. as a whole at 101% and int
Cltizons'Oas &"EIec'trrcis‘ t'M
1902
5 F-A 15
66 000
1099 on D ec. 1 1916; 101 and int. Juno 1 or D ec. 11917, and 100 % % and int'.
Juno 1 or D ec. 1 1918. T ax-exem pt in M ichigan. V . 103, p.144
I Z S
L W C o : - - n t , i l n t - at M crchantS' ^ a n 6| ’?r°r°ust C o ..
D iv i d e n d s . — 5% has been regularly paid on prof, stock since organization
Pub Util C o 1st lien & ref M f 1912
5 J-J
10 nnn t„ i„ t , n , n On com m on 4 % has been paid since 1906.
$10,000,000 ($ 1.0 00 ). . . t f Commercial Trust C o . P h »a ? a n !T C h lr te
R E P O R T .— For years ending June 30:
Y ea r—
G ro s s .
N e t ( a ft . T a x .) I n t e r e s t .
P r e f. D iv .
S u rv lu s.
Pub Util prof $3,000,000 cu m ------ eaweaver, Trus|e^.
1915-16............. $1,255,468 $421,372 $166,667 (5% )$79.166 $175,539
Evansv & So Ind 1st con M / 1907
5 g J-J
^ ' 4 1 non Ta!,y t i n S k
1914-15............. 1.226.269 391.566
163,156
(5% )75 :0 0 0
l& M lO
$ 4,000 OOO g ($1,000) ..c* tf ICommercial Trust C o .. Phl a ° trusted 193?
R O A D . & C .— 28.48 miles doublo and 10.5 miles single track; total single .
Evansville El B y 1st m tge/ 1901
4 g M -N
*
-U Stee.
track equivalent, 67.45 miles. 155 passonger and 21 misc. and service cars.
$ 1 ,200,000 g ($ 1 ,000) _ c * t f r * — K
JN
2 pleasure parks, & c. Power is obtained from Consumers Power C o.
E vansv * "
'
under satisfactory long-tim e contract.
O F F IC E R S .— Pres, and Gen. M g r., B . S. H anchett; V .-P ., B . O . C o b b :
Evansv G as& El Lt 1st & roff 1902
5 J -D
1 9in hnh" i.........."’ .no., Sec. and Treas.. L. J. De Lamarter; Asst. Sec. & Asst. T reas., S. E . W olff*
New Y ork. O ffice, Grand Rapids, M ich .— V . 81. p. 220. 749- V 85*
mortgage $1,250,000 gold!Int at Cont. & Oom. Tr. & 'sa r. Bk Chic
p. 40; V. 95. p . 891; V . 100. p. 555. 1672; V . 103. p . 144.
Stoc*!— ProL'stc^^
tcTcall'at 105 a n tf^ c ru e ^ 'd lv k i’o nds^
(5) S a g in a w -B a y C ity R a ilw a y C o .
B o n d s .— Tho Union B y .. Gas & Elec. colL trust mtge l
l 6, ™ ; ,
Entire stock (except directors’ shares) Is owned b y C om .P ow . R y & L t C o
posit o f practically all stocks (com . & pref.) o f subsidiary cos
AdrfhTnn®
O R G A N IZ A T IO N .— This com pany is a consolidation o f the Saginaw’
bonds may be Issued only under rigid restrictions (V . 89 d 226) Additional Valley Traction C o . and railway dept, o f the B ay C ity Traction & E lec. C o .
■ o Interest
Is payable at H odenpyl. Hardy & C o .. N . Y „ and E. W . C ark & C
G
rm .a
o .. Phila.
S T O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Bonds redeemable at par & int. on 60 days’ notico. T h e v a r o
(
Stock. $2,600,000____________ All owned b y C om m onw . P r., R y. & Lt C o
a ai. ha 1. 1,
9 . 1, , , TT n
71
0- 528. ^ lie 3-year° notes First and refunding mortgage) 1910
5 M -S
$1,100,000 M ar 1 1935
$5,000,000 ($ 1 .0 0 0 ).. . c * t f (M ichigan Trust C o ., Grand Rapids Trustee
Saginaw Val i r 1st M .$850.-i’1899
5 g F-A
v6 9 5 ,000P Feb 1 1920
000, g ($1,000 e a ch )_ c* n tf lin t , at Boston Safe D ep . & T r. C o ., T rustee.
B
o
n
d
s
.
—
O
f
the
1st
&
ref.
bonds,
$850,000
are
reserved
to retire Sag. V al.
A d dlt. notes m ay be issued with certain restrictions. See”V .’ 102, p i 541
Red. on any Int
S p r in g fie ld R a ilw a y A L ig h t S e c u r itie s .— O f the Springrield R »liw „„ *1 T rac. bonds; remainder for 85% o f cost o f additions, &c.
date
on
60
days’
notico
at
105
and
int.
In
t.
at
H
odenpyl,
H ardy & C o
Light collateral trust mortgage o f 1903. $128,000 are reserved for a d d f
tions and Improvements to constituent companies and $750 000 fop A im , New York.
A
s
in
k
in
g
f
u
n
d
o
f
$8,500
per
annum
on
Sag.
Val.
T
ra
c.
bonds
begins Feb 1
liens. The bonds are subject to call on 60 days’ notice at 107 U arid
1907 and runs for 5 years, after which $17,000 per annum is payable, said
Int. Interest Is payable at Columbia Trust C o ., Louisville and a t iinHr.,.
fund to be invested in the bonds at not above 107% and int. Sinking fund
p yl. Hardy & C o ., Now York, and E . W . Clark & C o ., Philadelphia
Int
*
on Springfield C on. B y. bonds Is payable at Fidelity and Colum bia Trust held on Juno 30 1916 $155,000 o f bonds
cos., Louisville, and at H odenpyl, Hardy & C o ., New York.
U1
E A R N IN G S .— For 12 m onths ending D e c. 31 1913. gross, $642,680: net
, J } ° S kX or. a
i n t e r u r b a n R y . S e c u r i t i e s — S in k in g f u n d o n R ockford & after taxes, $230,689.
nnn'rV v ba? Vond,s o f 5 % o t gross receipts com m enced In 1908. *209 R O A D .— Operates about 63 miles o f street railway track in Saginaw and
Kl0^ c °fd.
f i ,On aS( ? i ah d n to thoso reported outstanding above are hold In the B ay C ity , incl. Interurban line between the tw o cities.
sink.
85%
O F F IC E R S .— Pres., B . O . C o b b ; V .-P s., H . T . W iekes, J. E . Davidson
R od
and J. A . Cleveland; S ec., G . B . D obbin; Treas., J. W . Glendening; 4sst
Inter_
Sec. & A sst. T reas., S. E . W o lff.— V . 94, p . 983; V . 95. p . 298, 481.
0 1
sinking fund
(6) M ich ig a n L ig h t C o .
Bonds
aro
subject
to
call
e a r n r n M g a n jr ig iO .
All the com m on stock is now owned b y C om . P o w ., R y . & Light C o .
O R G A N IZ A T IO N .— Incorp. In M ich . In 1914 and took over and con ­
solidated the following companies:
Jackson Gas C o .,
I Flint Gas C o .,
| ity Gas
___ C o .
IB ay C
Pontiac Light C o .,
ISaginaw C ity Gas C o ., IKalam azoo Gas C o.
P e o r ia L ig h t C o . S e c u r itie s .— Peoria Gas & Electric bonds are snE W r
As o f Jan. 1 1916 acquired gas property o f the M anistee Pow. & L t. C o .
In Feb. 1916 issued $1,125,000 1st & ref. M . bonds to retire $857 000
A y& rS A , fe w *
jS7Y\ mV Saginaw C ity Gas C o. bonds due M ay 1 1916 and to reimburse the co . in
part for permanent exts., & c., m ade.
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
$40,000 have been retired through sin k ln g fu n d °O en ?ra f Iliinolsb ?
Comm on stock______________ _____
__________ $3,153,100
_
.
Preferred 6 % cum ulative-------- --------Q-J
2,350.000
See text
1st & ref M gold ($1,000, 1916
5 M -S
1.280.500 M ar 1 1946
$500 and $ 100) . . . . . . . . c * Union Trust C o ., D etroit, Trustee.
Bay C ity Gas 1st M . $500,000 1900
5 g J-D
371.500 June 1 1920
g ($500 A $1,000)------ c * tf Interest at N ew Y ork T rust C o .. Trustee.
a - a s M T S g s
Gas C o 1st M . $500,000 1904
5 M -N
495,000 N ov 1 1924
restrictions (V. 99, p. 1132). S in k in g f u n d o f % o f 1 % ^ a ’ u ' " / " *'nHi ? Flint
($500 & $1,000)------ c * n tf Int. at M ich . T r. O o ., Grd. R ap., Trustee.
1917. o f total amount o f bonds o f this issue outstanding1^ ' all umlcrVvIni Jackson Gas C o m tge, $350.­ 1897
5 A-O
349.000 April 1 1937
000
gold
($
1
,
000
)
—
c
*
n
t
f
Illinois Trust & Sav. Bank, C h ic.. Trustee.
K . ! V
V U99 P °1132heS6 b° ndS (° r Ca" at 1^5)*or"for*acqu?s°ltions*
Kal Gas C o 1st M . $450,000 1900 5 J-J
400.000 Jan 119 2 0
E v a n s v ille L ig h t C o . S e c u r itie s .— O f remaining Public Utilities C o ref
($ 1 .000) ....................... c * n t f Int. at M ich . T rust C o ., Grd. R ap., Trustee.
m tge. bonds, $4,358,000 aro reserved for prior lions and $4,700 000 are for Pontiac Light C o consol m tge 1902 5 J-J_
188.000 Jan 1 1927
additions and improvem ents. $900,000 o f the $942,000 bonds iM did are
$230,000. g ($ 1 ,0 0 0 )._ c* tf In t. at M ich . Trust C o ., G rd. R a p .. Trustee

AMn F

.I VlAM/lflA




A

T




B o n d s . — $1,803,500 1st St ref. M . bonds are roservod to retire prior liens.
Additional bonds m ay bo issued for 75% o f casli cost o f perm anent exts
& c., under conservative restrictions. R ed. at 105 & int. on any int. date
on 30 days' notice; tax-exem pt in M ich . V . 102, p . 613, 890. Hay C ity
and Jackson bonds are red. at 110 & int. K alam azoo, P ontiac and Flint
issues aro red. at 105 & int. Int. on Jackson Gas C o. bonds Is payable at
H odenpyl, H ardy & C o ., N . Y .
D iv id e n d s on pref. have been paid regularly since organization.

a fte t a x M N $612*249* ' 2 m0S' ° n d ’ D0C' 31 1915, gross’ $1,627,531; net

STO C K A N D BON DS—
Date. Interest. Outstanding. Maturity.
N<®ti?on H W & 000,,, ($ 1.000. ( 1915 6 g J-J
$2,250,0001 Jan 119 1 8
$500 & $100) g o ld ---------- c*\ N . Y . Trust C o ., trustee.
/Jan 1 1920
Cad Gas Light C o 1st m tgel igO5 5 F-A
100,000 Feb 1 1925
1- at 105 & i n t ) -------- t f /I n t . at M ich . T r. C o ., Grand R ap ., T rustee.
Chattanooga Gas first m tgef 1907 5 J-J
562 000 Jan 1 1097
$1,500,000 g ($1,000)_ c * t f lin t , at C on . & C om . T r. &’ Sav. B k ., C h ic /
, , ____ ( Trustee, or First N a t. Bank, N ew Y o r k .
Chatt Gas C o p f stock ($100)............
6 Quar
500.000 —
* E1 Gcn
r19P 6
£ A' ° . „
370,000 April 1 1931
$ 5 0 0 ,0 0 0 -.----------. - -------- t f 1 In t. at Central T r. C o .. C hicago. Trustee

P R O P E R T Y .— Constituent companies own and operate the gas proper­
F o r s e c u r itie s c o v e r in g r a ilw a y p r o p e r t ie s s e e s e p a r a te c o m p a n ie s b elow
ties in Jackson, Kalam azoo, M anistee, Pontiac, F lint, Saginaw. B av C itv
S to ck . — 1st pref. stock is red. at 105 and accr. divs.
The 2d pref. stock
Birmingham and R oyal Oak.
*
y
was conv. into 1st pref. or com . stock, share for share, in 1915. Com is
votln g p o w e r V . 91. p. 96. 519; V . 92. p. 1110; V . 95. p.421.
S A L E S .— Year 1915, 1,311,147,000 cu . ft. M iles o f m ains, 478.87.
<°£ tbe outstariding C h a tt. Gas C o. p ref. stock is owned b y the
O F F IC E R S .— Pres.. B . C . C ob b , N . Y .; V .-P s ., W . H . Barthold and
United Light & Railways C o .
'
T . A . K enney; S ec., F . G . P otvin; Treas., A . B . Sim oneau.— V . 102, p
Bonds.— Int. on first and ref. m tg. bonds is payable at o ffice o f trustee
613* 890.
or Continental St Commercial Trust & Savings Rank. Chicago. M ortim er
N . Buckner is co-trustee. $3,000,000 bonds (not included in am ount out­
(7) Consumers’ Power Co.
standing above) are deposited as security for 6 % notes. Additional bonds
A ll the com m on stock is owned b y C om . P ow ., R y . & L t . C o .
m ay be issued for refunding underlying bonds and for 7 5% o f par value o f
preferred stocks o f underlying com panies redeemed or purchased 7 5%
O R G A N IZ A T IO N .— Incorp. in M aine in 1910, and In N o v .*1914 merged o f cost o f betterments, im provem ents and additions, and for 7 5% o f cost
the following 11 companies (previously controlled b y stock ownership)- o f additional property, under certain restrictions. Redeem able as a whole
C om m onw . Power C o ., Grand R apids-M uskegon Power C o ., Grand Ranids or in part on any interest day at 1 0 2 ^ and interest on 60 days’ notice
Edison C o ., Flint Elec. C o., Saginaw Power C o .. B ay C itj Power Co
Bonds have a depreciation fund beginning 1917 o f 2 % on all bonds ou t,
P ontiac Power C o ., Consumers’ Power C o. (M ich .), E conom y Power C o ”
but a portion o f the earnings for this fund are now being set aside. See
Au Sable Electric C o. and Central Power C o.
description o f bonds in V. 102, p. 1898. S98.000 o f the $100,000
This merger m ade the Consumers’ Power C o. (o f M aine) an operating outstanding Cadillac Gas Light 1st 5s are owned b y U . L . & R ys C o •$22 com pany instead o f a holding com pany and on July 20 1915 it was granted 000 additional are held in treasury. C hatt. Gas C o . bonds have a" sink fund
a certificate o f authority to d o business in M ichigan. V . 99, p. 1528 1597­ o f o'/',000,
anr*um from 1912 to 1926, inclusive, on first $500,000 bonds
V . 101, p. 369. A t the same timo the R R . C om m , approved the then and 2 % additional
on any further bonds issued. Subject to call at 105 and
outstanding issues o f com m on and preferred stocks and 1st lien and xef
int. V. 84, p. 805. $6,000 o f bonds reported outstanding ow ned b y
5 % bonds and authorized the com pany to issue additional bonds from time U . L . & R vs. C o.
*
to tim o upon procurem ent or retirement o f the underlying bonds shown in
T he $2,250,000 notes o f 1915 are secured b y deposit o f $3,000 000 1st
the table.
V . 101, p. 369.
& ref. 5s duo 1932. N otes due in 1918. red. at par and Int.; those due in
In Jan. 1916 acquired tho Cadillac W ater & L t. C o . and the electric 1920 at 101 and in t., both on 4 weeks’ notice. Additional notes m ay be
p roperty o f the M anistee P ow . & L t. C o.
Issued upon deposit o f additional 1st St ref. 5s. but the am ount o f notes ou tftaHdjng never to exceed 75% o f the par value o f bonds deposited as socuritv
STO C K A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
tnereror.
J
________ $10,500,000
.
C om m on $12,000,000 ( $ 1 0 0 ) . . ____
During the life o f tho notes the com pany agrees to provide a m ainte­
P ref $ 10,000,000 ($ 100) 6 % c u m -----Q-J
7,675.000 " 'S e e l t e x t
nance and depreciation fund o f not less than 1 2 H % o f its gross earnings
1st lien and ref M , $35,000,- _*■
1911
36
»■*•* . 5” g» J-J
“ “ „ 14,839,000
ii.M B .u u u Jan
Jau 119
1 judo
any part or which not actually expended In any calendar year for maint ’
000. gold ($l,00’0 ) - - - ’ -C *tf Int. at Harris T r . & Sav. B k ., C hicago
<xc., to be used for additional property against which no refunding bonds
Trustee, or Harris, Forbes & C o ., N . Y .
’ i A supplemental Indenture containing a similar provision
Oom m Pow 1st M , $4,000,­ 1904
5 J-D
1,118,000 D ec 1 1924
000 g sink fd (S 1.00 0 ).c*tf Int. at First Trust & Sav B k .. C h ic.. Trustee w11'h e / i 'e d under tho 1st & ref. M . before the m aturity o f the notes
5},ave been paid quar. on 1st pref. since O ct. 1910 to
Grd R ap-M usk Pow 1st M
1906
5 M -S
674,000 M ar 1 1931
w lfl'« . T he second prof, received % % quar. from O ct. 1910
$7,500,000, g old _______ tf Int. at 1st T r.& S .B ., C h ic., or ls tN .B .,N .Y
w as.then converted Into 1st pref. and com . stk. A s to stock
C adillac W & L t 1st M,$200,- 1905
5 M -S
132.000 Sept. 1 1925
° " w m .. see V . 94, p. 1250. Divs. o f 1% on com . were paid quar!
000 ($500 & v$*l ,0
M ich . T r. Ca oji.,
., G
u rd.
u a iuRua p ., Trustee
vuv
,w0v0v )-.c
/- -v * t f In t. at -----------------iv
UP a?
lucl. July 1914. N one to O ct. 1916, when 1%
S tock . — Pref. stock is red. on and after Jan. 1 1920 at 105 and accr. div.’
A ^ iP ‘1 i o u Aint o m m lvld? n<k ° r 1 % ’ Payable in com m on stock, was paid
B o n d s .— O f 1st & ref. bonds, sufficient are reserved to retire underlying
regular dividend o f 1% paid on the
bonds: remainder are reserved under certain restrictions for extensions and date 1 V 9 98 p a525tl° n t0
additions at 8 0% o f cost. SubJ. to call any Int. day at 105 and int. Sink
R E P O R T .— R eport for cal. year 1915 In V . 102, p . 1536, 1545.
fund o f 1% o f bonds out annually began Jan. I 1915. V . 92, p . 465, 526,
1458.
June 30 Y e a r - ^ A ^ E x ^ &f S S T lfc ^ n Z T s i &c
Surplus
D iv id e n d s on pref. have been paid regularly since organization.
S2 ,666,768 $1,396:668 $1.27(f,100
1914*15------------- Sr ’? 4 d ’gnn
1 9 1 4 - 1 5 - ........... 6,144,306 3,767,067 2.377,239 1.346,182 1,031.057
E A R N IN G S .— For 12 mos. ending June 30:
Incom e Account, United Light & Railways Co. for Years ending June 30.
Y ear—
G ro ss
N e t (a f t . T a x es ) I n t e r e s t , & c . P r e f . D i e s
S u m iu *
„
1915-16. 1914-15.
„
,
1915-16.
1914-15.
1915-16 ---$ 4 ,3 4 0 ,2 0 9
$2,507,885
$894,252
$428,625
31 18?00R
Earns, onstks.
Bond interest- $372,681
$360,599
1914-15 — 3,555,536
2,064,228
866,685
388.000
809:543
or sub. c o s .$1,252,089 $1,032,608 Bond discount
Other in com e.
579,567
484,170
P R O P E R T Y .— Owns and operates electric light and now™
& int. on
tios in Grand Rapids, Kalam azoo. Jackson, Flint, Saginaw B a v ^ t - T
„ n o t e s ...........
179,702
129,897
T otal............$1,831,656 $1,516,778 Preferred divs.
P ontiac, Battle Creek, M uskegon, C adillac, Owosso, M anistee and a number
591,053
525.984
139,110
117,873
o f interm ediate cities and towns. H ydro-electric plants have about 66 000 Exps. & taxes.
ca p a cfty1about*1lj3 ?0 0 0

ST ^

51.398.905 T '
a ? P ^ i ^ E R S - — Pres., Frank T . Hulswlt, Chicago; V .-P s ., Richard
Clark Phlla • Schaddelee. Grand Rapids: J. F. Porter, D avenport, la .: O. M . Hurd and
T . J. W eber, both o f Grand Rapids: Sec., L. H . Ileinke, Grand RapidsT reas., C . M . H urd, Grand Rapids. General o ffice , Portland, M e ’
executive office , C hicago; operating headquarters. Grand Rapids: operating
headquarters for Iowa district, D avenport, Iow a.— V . 101 p 450 Q24K
1887 V . 102, p . 155, 1536. 1545. 1898" 1988; V . 103. p. 321. 759.939.' *
(8) M a n istee R a ilw a y C o.
(1) G ra n d R a p id s O ran d H aven & M u sk e g o n R y .— E lectric ro a d .
r>AInC°*ipr In M ich , in March 1913. Successor to M anistee L t. St T ra c. Third-rail system . Entire stock owned b y United Light & Rys. C o .
~ 7' ’ r;-----nu
lviiuiidLuu
r oow
w ., «& L
IjC.
1CI1 took
tOOK
E ld at„
Tah
e M
anistee P
t. <JO.
C o. M
then
O R G A N IZ A T IO N .— Incorporated ln M ichigan on M arch 6-1899. Owns
over the gas and electric properties but in Jan. 1916 these were respectively and o p e ra te an electric road on fenced right o f w ay. connecting the three
Eight
and tne
the con
Consum
ers’ Power C o.
7hei M ichigan u
ig p t C
u oo.. ana
su m ers'
cities named in the title, a distance o f 39 miles. Franchises in all towns
et railway business in
nnH piia *
through which it passes extend to 1929; otherwise private right o f w ay!
30 y ^ r a hf1^me i904 Way buslness ln M anlstee and Filer C ity . F r a n c h is e
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, $1,200,000 ($ 100) .....................
.................. $1,200,000
' U lu rllv l s f m t g ^ 5 i ? 0due0i9 4 3 OWn0<i b y C ° m ‘ P ° W” R y * & L t ’ ° ° ’ : also S60’000
5 g J-J
1.500.000 J u 1 y -'fl9 2 fi
1st mtge, $1,500,000 ($1,000)1 1901
g o ld ---------------------------- c * t f /I n t . at Guaranty Trust C o ., N . Y Trustee
l b RT
track- Gauge 4 ft. 8 H in. 35 to 100 X ,'sl" :c^
Kntlr,Q s,t o ck - except directors’ shares, deposited under United'
lb . r and 8o-lb. girder rails. Operates a 50-acro park on Lako M ichigan. Light & R ys.
C o. 1st and rer. m tge.
B o n d s . — The interest on outstanding bonds was g u aran teed for 5 years
D o b b i n ^ M s ’” rP w ” m * J,i n ,oIme? : v -*p -. W . H . B arthold; S ec., G . B . b y the Security Investm ent C o . o f Pittsburgh. See V. 76 p 479
s ? nnn
— V .8 5 ’. p .8 6 4 ; v ! 8 8 , '£ 168enhl8: ASSt* S cc' & A sst’ Treas-* s - E - W o lff. o f outstanding bonds held b y United Light & Railways C o . 4 / J‘ 5 2 ’000
R O A D .— Extends from Grand Rapids in a northwesterly direction to
M uskegon, with a branch to Spring Lake and Grand H a v e n / C onnects a t
Grand lia v e n with Goodrich Line o f steamers for C hicago and C r a b v Line
U N IT E D L IG H T & R A IL W A Y S C O .— ( S e e M a p . p a g e 48.)
o f steamers Tor M ilwaukee, which are ln operation all the v e a r r o u ^ T o V l l
O R G A N IZ A T IO N .— Incorporated in M aine in July 1910. per plan In
51.48 m U « . o f which 4.22 m. ln Grand Rapids a n f l . 43 m in K
V . J l, p . 96. Owns all except directors shares, or a In.ri?n nrnnnrtinn Mn track,
kegon are operated under favorable trackage agreement with
only one case less than 9 8 % ) o f the capital stock o f the folFowing ?om p a n lS l Rapids R y. and the M uskegon T ra c. & Ltg '* O o ? 7oT b T rah
O pera^
Cadillac (M ich .) Gas Light C o .
21 passenger. 12 express and 8 work cars. A lso does a freight m a u ln d
La Porte (In d .) Gas & Elec. C o .
Cedar Rapids (la .) Gas C o.
U
d
Mason C ity & Clear Lako (la .) R R . American Express business.— V . 94, p. 207: V . 100 p 901 1672
Cedar Rapids & Marion C ity R y . C o. Ottumwa (la .) Gas C o.
(2) T h e T ri-C ity R a ilw a y & L ig h t C o . '
'
*
Chattanooga (Tenn.) Gas C o.
-n0? / ] ? .8 9La s * Elec. C o ., M ason O ’y . t . i r h UDn . 19j 2 [ m S 1 ivas acii u ireil by the United Light & R y s . C o .
F ort D odge (la .) Gas & Electric C o. T ri-C ity R ailw ay & Light C o .
LsiftC b
if
° o roc®!ved In exchange for their shares
Grand Rapids Grand Haven & M us­
kegon (M ich .) R y . C o.
3 % s t d k . ^ h ’9 4 !6p ?67683 U n,ted R ya- 6 % l8t Pref- and $12 50 2d pref.
. T h e Grand Raplds-Grand Haven St M uskegon R y . was acquired in Jan
.I I . — ; i
i ui -u
C onnecticut
M arch
arch 3
3 1906
1906 and
a
i in
n _C.onn^
! c’i t , M
lo J oi Xr 9a i ,)- 202\„ T he T ri-C ity R y . & Light C o. was taken over in June owns ail
au the
tne stock,
stocK, except directors’
aire
shares, o f the following com panies
ity Railway G
C o. n
orf T
Iowa.
T’ ri-C
ri-Cltv
o »«
M oline-R ock Island M fg C o f
acquired" InXjJ'ly 1912 T h ° Cedar Raplds & M ar,on Clfcy K y. C o . was T
T ri-C ity R y. C o. o f Illinois.
People’s Light C o .
1913 purchased the People’s Gas & E lectric C o. and the M ason M oline R ock Island & E ast. T r. C o . Davenport Gas & E lectric Co'.
?miy thn Tnwr I 'am’ R R - I® 1913 also acquired tho Iowa & Illinois R y . M oline E . M oline & W atert. R y . C o Clinton Davenp. & M uscat. R y C o
OQMollfl
J A R?k T orm - C o ., but in Jan. 1916 these two cos. were People s Power C o .
Muscatine Lighting C o
y‘ ° ‘
& Power
C o.
IJavennorV \-'^TM=Ah.0i Da.v«nport & M uscatine R y . (form ing tho Clinton Iowa C
\ ityv Light
Ti
1
v>
aicniow
er« iCam
ampbells
On
W
atch
tow er*
pbells' IIs
IIs.
Pk
o.
. Pk
.. .C
rh
Hmv
AAmnnnlnA
—__
& LIghX°Co& Muscatlne R y.) under the management o f the T ri-C ity R y .
Controls all gas plants, electric-lighting
companies and
street'railw
ay
lines In the cities o f D avenport, Iowa C ity, M uscatine, B ettendorf and
(sim n^inffTi i ? ^ « i ’ih7Ph “ 2nHro P s business In D avenport. Cedar Rapids Rockingham , I a „ and R ock Island, M oline. East M oline and other smaller
territorv?8 F
o f M arion and K enw ood Park and Intervening towns in Illinois, and an Interurban connecting M uscatine, Davenport and
C linton. I opulatlon served, approxim ately 167,252. Railway fr a n c h is e s
extend to 1930, 1935 and 1951; electric f r a n c h is e s to 1935 antf 1943 and
gas fr a n c h is e s to 1929, 1933 and 1943.
m o o ana
and
In Jan. 1916 the properties o f the Iowa & Illinois R y and Iowa A iiiirmie
Terminal Ity. com panies (form erly owned by tho United Light & R ys C o I
a a
a ,A
S
were acqulrod and merged with the D avenport St, M uscatine R y form ing
the Clinton D avenport & M uscatine R y. All but $8,000 o f t h e $ i 063 00§
m i K W 8 r f j ! d M ,X S f v 5 g ; i»rff ^ S ‘ f f K r ' g <1g r ‘ o S ! & ? g S
Co
R y ' ° utstaadln« bave bw n 'a cq u ired
OC>•l^
a vuo
rn n niii-vivv
i/ t xrn ivy.
n/v»T
. llC
° IL
,
STO C K A N D B ON DS— ' ~ D a te.
I n terest.
O u ts ta n d in g .
M a t u r it y .
Comm on $9,000,000 ($ 100)
-----------------$9,000,000 Juiy'16, 1%
Pref $3,000,000 6% cum ( $ 1 0 0 )____
c
«
3,000.000
Oct
’ 16. 1 U
Coll trust first lien m ortgage! 1906 J K-A-O
7.777.000 April 1 192
$9.000 000 s f --------c& rtf j l n t . a t N . Y Trust C o
N Y P T rUs ^
approxim ately 73% aro indeterminate or extend b e y o n T 1932
1960, 1st & ref mtge $20,000,000 1910
5 g J-J
77473.000 July l l930
BOM...
..............c* & r* tf(In t. at Central Trust C o / N Y Trustoe°
T ri-C ity Railway 1st M . . . . t f 1902
5 M -S
54.000 Sept 1 1 9 2 2
in
o S S S & H X o 7 . K . S i f er8 r v : 1? 7 T n1|,& “ l" ed " ■ * « * •
Citizens R y & L t ( $ 5 0 0 ) c * t f l 9 0 2
5 A -O
257.500
1 1917
Iowa C ity Lightt &
& P
Power
_ S T O C K A N D B O N D S .—
D a te .
ow
er/
1912
5
M
-S
400,000 Sept 1 1932
In terest,
O u ts ta n d in g . M a t u r i t y .
refunding m ortgage ($ 1,- Interest at Continental & C om m 'l T rust &
Com m on $12,500,000 ($100)
Q -M
$6,899,902
O
c
t
’
1
6.1
%
. 000.000 ($1,000).........c * tf
1st prof $12,500,000 ($100)1
. S ' Bank, C hicago. Trustee.
Iow a C ity Gas & Electric 1st 1909
6 % cu m ......................
/
6 M -N
244,500
See text
9,962.000 O ct '16. 1 V6
tf Inh at ° h lc- T r - & Sav. Bank. T r u s t s !
First
($10*07/ 1912
•irst *St ref m tge gold ($100,?
5 g J-D
8 4 5 T ’ 500 jTTne i " i o>32
^
Im
^ ortgage
Bag^ J $400.000_____
5
r400*’,^ V - - atr
$500 & $1,000)
c*& r.tf\ N ew Y ork Trust C o .. N . Y . . Trustee.
' p . f f i . L ^ L l on M o m r e l l ^ o r e n t o 'and L ^ u ^ v m ^ S t ^ E x ^ h a n g J 27'
O F F IC E R S .— Pres., B . C . C ob b , N ew Y o rk : V - P




E W

1

j

B o n d s .— O f tho $9,000,000 coll, trust bonds, $850,000 havo beon retired
by sink. fd . Subj. to call on any int. date at 105 and int. A s in k in g fu n s s
o f $50,000 per ann. from Jan. 1 1908 to 1913; $150,000 for succeeding 5 year
then $250,000 per ann. to m aturity. C oupon bonds are In denomination
o f $1,000 and registered bonds in $1,000, $5,000 or $10,000 and multiples.
They are listed on N . Y . Stock Exchange. O f the 1st & ref. bonds, sur
flcient are reserved for prior lions, and remainder for 85% o f cost or ad
ditions and improvements. S ubject to call at 105 and int. on any int. date.
Sinking fund o f \ X
A % o f bonds out begins Feb. 1 1924.
V. 93, p. 146o.
$4,267,000 o f outstanding 1st & ref. bonds are owned by United L t. & R ys.

C itizen s’ Ity. & L t. C o. bonds fell due April 1 1912 but were extended for
5 years. Are subject to call on an^ int. date at 110 and int. Int. at Cloveland Trust C o ., trustee, or N ational Bank o f Com m erce, N . Y .
O f the Iowa C ity Lt. & l\ C o. bonds, $244,500 are reserved to retiro
prior liens and $314,500 for new construction at 857o o f cost. Tho Iowa
C ity Gas & Elec, bonds mature serially $4,000 to $9,000 annually from M a y
1 1912 to M a y 1 1927 and $135,000 In 1928. Subj. to call at 105 and int.
on any int. date after M a y 1 1919. Additional bonds m ay bo issued for
80% o f cost o f extensions and betterm ents.
D iv i d e n d s .— First d iv. on p ref., 1 )4 % , paid July 1906, and 1 )4 % quar.
since to and including O ct. 1916.
A dividend o f 1% was paid on the com ­
mon stock Jan. 1 1915 (practically all o f this stock Is owned by United Light
6 Ity. C o. and previous disbursements were not m ade p u b lic), and quar.
sinco to and incl. July 1916.
R O A D .— Operates over 170 miles or standard-gauge track, connecting the
cities o f Clinton and D avenport, Iowa, and R ock Island, M olino and East
M oline, 111.; including an extension to M uscatine placed in operation in
1912 and city lines in M uscatine. 80-lb. girder and 60 to 75-lb. T rail.
O F F IC E R S .— Pres., J. F. Porter, D avenport: V .-P ., Richard Schaddelee. Grand Rapids: V .-P s., II. R . T o b e y , N . Y ., and B . J. Denman, D a ven ­
port: Sec., II. E. W eeks; Treas., Frank T . Hulswlt.— V . 93, p . 1465; V . 94,
p . 280, 488, 768, 1384. 1444; V. 95, p . 818: V . 96, p . 1158; V. 100, p . 56.
(3) C ed ar R a p id s & M arion C ity R y .
O R G A N IZ A T IO N .— Incorp. M a y 1891 In Iow a. F r a n c h is e , in Cedar
Rapids expires 1941 and Indeterminate on intorurban.
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock $1,000,000 ($100).........., ........................- - - - 5650,000 - - - - - - - - - ­
First mtge $250,000 ($ 1,0 00 )/ 1891
5 J-J
184.000 July 11931
c . n t f l l n t . at Araer. T r. C o ., B oston. Trustee.
B o n d s .— O f remaining bonds, $30,000 aro in treasury and $36,000 are
held in sink. fund. $171,000 o f outstanding bonds held b y U .L .& R y s .C o
R O A D .— Owns road in operation, 28.90 miles in length, extending from
Cedar Rapids, Iowa, to M arion; second track, 2.28; sidings. 3.17: total o f
all, 28.90 miles. Rails, 45. 60 and 80-lb. T .
(4) M ason C ity & C lea r L ake R a ilro a d C o .— A trolley toad.
In Feb. 1913 the United Light & R ys. C o. acquired con trol.
O R G A N IZ A T IO N , E T C .— A trolley road. Operated since July 1897.
Owns right o f way 33 feet wide from M ason C ity to Clear L ake, 9 miles
Length o f line within and between tho two cities, 18.6 m . Handles all
freight com ing over M inn. & St. Louis, C hic. R . I. & P ac., C hicago & N orth
West, and C hic. Great W est, railways between M ason C ity and Clear L ake.
F r a n c h is e s run until O ct. 31 1935.
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock $1,000,000............................. - .................- - - - - *400.000 - - - - - - - - - ­
1st mortgage $100,000 gold ! 1897
6 J-J 15
* *pl7
($1,000) _____________ c . t f / I n t . at 111. T r. & Sav. B k ., C hic.. Trustee.
General mortgago $2,500.0001 1912
6 g J-D
316.000 June 1 1932
gold ($ 1 ,0 0 0 )................ c * t f/I n t . at First T r. & Sav. B k .. C h ic., Trustee.
B o n d s .— O f the 1st m tge. bonds, a sinking fund retires $3,000 yearly at
103. $36,000 1st rof. bonds are reserved to rotire old 1st M . bonds; re­
maining $2,170,000 bonds are for extensions and betterm ents at 75% of
cost, provlcling annual net earnings are 154 times Int. charge (incl. bonds
to bo Issued). Red. at 105 and int. on any Int. da y: Sinking fund o f 2 %
per annum began June 1 1913 to provide for additions and betterm ents
or for purchase o f bonds. V . 94, p . 1764.
G R E E N B A Y , W IS .
W ISC O N S IN S E C U R IT IE S C O .— A holding com pany.
O R G A N IZ A T IO N .— Incorp. in Wisconsin on D ec 12 1911 and Is pure­
ly a financing com pany (V . 94, p. 632). Controls Wisconsin Pub. Sorv.
C o. and owns $550,000 bonds o f that com pany placed in escrow. Also
owns the $150,000 outstanding com m on stock o f tho Sheboygan Gas Light
C o. (V . 100, p. 738.)
„
„ , ,
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock, $1.000.000........................................................... $1,000,000 .....................
S h eb o y g a n G a s L ig h t C o .—
, .
.
Com m on, S250.000................($150,000 out— A ll ownod b y W ise. Sccur. C o.)
1st & ref mtgo, $750,000 g j 1915
5 J-J
Soo text Jan 1 1935
(S I.000. $500 and $ 1 0 0 )--(I n t . at First Trust C o ., M ilwaukee, Trustee
First m ortgage 8250,000 gold ! 1901
5 g J-J
250,000 July 1 1931
($1 000 & $500)
--C * tf) Int. at Union Trust C o ., D etroit, Trustee.
B o n d s .— Or tho Gas Lt. C o. 1st & ref. 5s, $250,000 aro reserved to rotire
1st M . bds. and $50,000 are available for impts. Red. on 60 d a y ’s notice.
O F F IC E R S .— Pres., Clom ent C . Smith; V .-P s., Oliver C . Fuller and
W m . Bigelow; Sec. and Treas., Howard Greene; Asst. S ec.-T rcas., George
Allison.— V. 94, p. 632; V . 100, p. 1924.
(1) W isco n sin P u b lic S ervice C o.
O R G A N IZ A T IO N .— Incorp. In Wisconsin tn Jan. 1912 as reorganization
and merger o f the Green Bay T ract. C o. and Northern H ydro-E lec. C o .
Owns and operates entire city and Interurban railway system (except about
1.66 m. o f track) centering at Green B ay, and furnishes gas. electric light and
power to Green Bay and suburbs. On Jan. 1 1914 tho entiro property o f
the Green Bay Gas & Electric C o. and the Mlnahan Electric C o. was pur­
chased. For particulars o f Green B ay Gas St EL C o ., see V . 82, p. 573 , 631,
and V. 86. p. 172. Streot railway f r a n c h is e is perpetual and exclusive
until 1918.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
C om m on, $1,000,000 ($100)...................................... St-Q00,000 - - - - - - - - Pref, $600,000 6% cum (S 1 0 0 ) ................ - ..............
600,000 N o d iv. yet
1st m tgo. & ref. $15,000.0001 1912
5 g J-J
2,438,000 Jan. 1 1942
gold ($1,000) ______ c * t f J Int. at Wisconsin T r. C o ., M ilwaukee, trus.
5 g M -N
447.000 M ay 1 1935
Green Bay G & E 1st & rer M ( 1905
$750,000. g ($1.000)------ c * l i n t , at W isconsin T r. C o .. M ilwaukee, trus.
Green Bay Light & Pow first/ 1899
F-A
34.000 Feb 1 1919
mortgage
................\Flrst National Bank o f M ilwaukee, Trustee.
B o n d s . — W ise. P ub. Serv. bonds aro su b j. to call on any Int. day at 105
and Int. S550.000 o f the $2,438,000 bonds issued are held in escrow (all
owned by Wisconsin Securities C o.) to bo Issued under certain restrictions.
Remaining bonds aro for acquisitions and to rotiro underlying bonds under
certain restrictions. See V . 94, p . 1697. S in k in g f u n d o f 2 % o f bonds
outstanding, com m encing In 1917. The Green Bay Gas & Electric bonds
are subject to call at 105 until 1924; thereafter at par; $41,000 have been
paid and canceled. $34,000 Green Bay Gas St E lectric bonds aro In hands
o f a trustee to rotire tho Green Bay Light & Power bonds.
E A R N IN G S .— O f com bined properties for year ending Dec. 31 191o,
gross. $510,961; not, after taxes, $246,874; interest, $153,959; surplus,
$92,915.
R O A D , & C .— Owns and operates all lints In the city o f Green Bay; also
a lino from Groen Bay to East De Pere, and branch to Duck Creek and a
line from Green Bay to W est De Pere, Little Rapids, W rightstown and
Kaukauna; to ta l,4 2 .6 8 miles o f track. 70 and 85-lb. ‘ T ” and girder rail;
26 m otor cars; 4 trailers. Gas meters, 3.450; electric meters, 2.575.
O F F IC E R S .— Pres., Clement C . Smith; V .-P s., L. Patton and Henry
L . Rice; Sec. anti Treas., Howard Greene; Asst. Sec. and Asst. Treas.,
George Allison, all o f M ilwaukee.— V. 94, p. 632, 1697.
G R E E N F IE L D , M A S S.
M A S SA C H U S E TTS C O N S O L ID A T E D R A IL W A Y S .
O R G A N IZ A T IO N .— Organized In Boston on N o v . 16 1911 as the M assa­
chusetts Northern R ys. In M ay 1913 name was changed to tho M assa­
chusetts Consolidated Railways. Is a voluntary association managed by
a board o f seven trustees. V . 93, p. 1462. 1599. 1787. C ontrols through
stock ownership the following companies:
„
.
Concord M aynard & Hudson St. R y . IMillers River Street R y . (proposed).
•Connecticut Valley Street R y .
iN orthern Massachusetts Street R y .




The system comprises 114 miles o f road, serving 20 cities and towns In
Central and Northern M assachusetts. B oth passenger and express service
are provided. Rights o f way havo been partly secured on the proposed line
from Orange to Millers Falls.
S h a res —
O u ts ta n d in g .
L a st D i v .
Comm on $1,640,300 ($100)......................................-$ 1 ,6 1 9 ,9 0 0 O ct. '13, )4
704.600 Aug. 16. \ V%
Pref $1,100,000 ($100) cum (see text) Q -F ................
S T O C K .— Additional pref. shares only to be issued when net earnings Tor
12 inos. ending not more than 180 days prior to date o f issue shall havo been
1 <4 times amount necessary to pay d iv . on shares out and applied for.
D ivs. on pref. are 5% to N o v . 1 1914, Incl.; 514 % to N ov. 1 1917., Incl.,
and 6% thereafter. In case o f liquidation pref. Is entitled to $110 per share
up to N ov. 1 1914, $115 to N ov. 1 1917 and $120 thereafter. V. 93. p. 1599.
D iv id e n d s . — On pref., 1912 to 1914, 5 % per ann.
In 1915, 5 14 % . In
1916, F eb ., l 3/ s % ; M a y , l 3A % ' , A u g., 1 /4 % . On com . a d iv. o f >4% was
aid O ct. 15 1913.
IN C O M E S T A T E M E N T .— For year end. Juno 30 1915 divs. rec’d from
sub. co s., $32,774; misc. int. rec’d , $4,622; total incom e, $37,396; expenses,
$12,218; net, $25,178; pref. d ivs., $36,991; d eficit for year, $11,813; crodit
balance June 30 1914, $4,957; profit and loss balance Juno 30 1915, d e ficit,
S6.856.
E A R N IN G S .— O f subsidiary cos. for year ending June 30 1915. gross,
$520,o44: net, $164,198; int. & taxos, $121,187; prof. divs. o f constituent
cos., $16,200; com . divs. o f constituent co s., $33,138; doficit, $6,327.
O F F IC E R S .— Sec. St T reas., D . P . A borcrom blo Jr.; Greenfield, M ass.—
V . 94. p. 351; V . 96. p . 1489: V. 97, p. 365, 951; V. 100. p. 1168. 1671.
(1) C o n n e c tic u t V alley S tre e t R y .— T rolloy. The M ass. C onsol.
Rys. owns 4,917 shares or the stock.
O R G A N IZ A T IO N .— Incorporated in 1899. C om m enced Jan. 22 1900.
Is a consolidation on April 1 1905 o f tho N ortham pton & Amherst Street
R y ., the Greenfield Sc Turner’s Falls Street R y . and the Groonfield Deerfield
& Northam pton Street R y .. as per plan In V. 80. p. l i l t .
In M ay 1915 tho G overnor o f M ass, signed a bill authorizing tho Northern
M ass. St. R y. to absorb tho com pany by consolidation or purchase.
V. 100, p. 1833.
O u ts ta n d in g .
M a tu r ity .
ST O C K A N D B O N D S —
D a te .
In terest.
$500,000 A ug’ IS.Jf %
Stock, com , $500,000 ($100)....................
Q-F
120.000 S opt.’ 16.3%
Pref,$120.000(6% cum) ( $ 1 0 0 ) ----------M -S
120.000 Sept.
1 1920
Connecticut Valley St Ry 1st/ 1900
5 g M-S
.
m ort gold ($ 1 ,000)..c*..ntf lin t , at Old C olony T rust C o ., Boston, Trust.
Northani St A m b 1st m tg o ,/ 1900
5 g M -S
180.000 Sept. 1 1920
$180,000 g ($ l,0 0 0 )..c..n tf\ ln t. at Old C olon y Trust C o ., B oston. T r u s t.
Greenfield Deerfield & N orth f 1903
5 g J-J
150.000 July 1 1 9 2 3
first m ort, $150,000. g o l d /Int. at M ercantile Trust C o ., B oston, T ru st.
(S I ,000 and $500)—c * ..n tf (N o sinking fund and bonds cannot be called
G reen& T urn F allsconsm $130.-/1903
5 g J-D
130,000 June 1 1923
000 g ($500, $1,000) c * .n t f lInterest at Beacon Trust C o .. B oston. Trus.
N otes payable June 30 1915-- ----------------175,000 -----------------B o n d s . — T he N ortham pton Sc Ainhorst bonds aro subject to call at 105
on 4 weeks’ notice, as are the bonds o f the Connecticut Valloy Street R y .
The $120,000 C onnecticut Valloy bonds wero Issued under the first m tge. of
tho N ortham p. Sc Atnh. St. R y ., which was originally drawn for $300,000.
D iv i d e n d s . — On pref., 3 % semi-ann. since Sept. 1910 to and Incl. Sept.
1916. On co m ., in 1906 (year end. Sept. 30), 2 % : In 1907, 2 % : In 1912,
1 %; In 1 9 1 3 , 2>4 %; In 1 914,3 % . In 1915, F e b . , H % ; M a y , % % ; A u g. X % .
N one since.
E A R N IN G S .— F or year end. Juno 30 1915, gross, $242,633; not, $77,515;
int. & taxes, $51,733; pref. d iv s., $7,200; com . d ivs., $14,988; balance,
$3,594.
R O A D .— Owns and operates 47.054 miles o f track botwoen M iller's Falls.
T urm er’s Falls, Greenfield, N ortham pton and Am herst. 41 passenger
cars. 2 snow-plows, 3 other cars and 134 electric m otors.
O F F IC E R S .— Pres., O . W . Ilazolton; V .-P . & Gen. M g r., D . P . A borcrom bio Jr.; Sec. & T reas., II. A . Crano; Supt., J. A . T aggart.— V . 95.
p. 297; V . 96. p. 1296; V . 97, p . 298; V . 98. p . 1392; V . 100. p. 1167.
(2) N o rth e rn M a ssa ch u se tts S tre e t R y.— T ho Massachusetts C onsol.
R ys. owns all the com m on stock ($350,000).
O R G A N IZ A T IO N .— Incorp. in M ass, on July 1 1894 as tho A thol Sc
Orange Street R y. N am e changed to a bove on M ay 1 1913. In Jan. 1913
purchased the property and franchises o f tho Tem pleton Street R y. and on
Mar. I 1913 absorbed tho Gardner W estminster & Fitchburg Street R y .
As a result o f these acquisitions, stock was Increased from $74,500, all o f
one class, to 3500,000, o f which $150,000 is 6 % cum . prof, stock.
T h o G overnor o f M ass. In M ay 1915 signed a bill authorizing tho com ­
pany to absorb tho C onnecticut Valloy St. R y . by consolidation or pur­
chase. V . 100, p. 1833.
S T O C K S A N D BON DS— D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
C om m on $350,000----------------- -------------------$35
ref 6% cum $150,000...................................... ..........
150.000 i n i 4- 15.6%
st& refM $ 5 ,0 0 0 ,0 0 0 ($1,000 / 1913
5 g M -N
315.000 M ay 1 1943
red ! on
% int bas _ c * t f ( ln t . at American Trust C o ., Boston, Trustee.
Gard W estm St Fitchburg 1st I 1900
5 F-A
185.000 Feb 11920
mtge ($1,000) g o ld - - c * n t f l I n t . at Old C olon y T r. C o ., Boston, Trustee.
N otes payable June 30 1 9 1 5 . . ----------------—
250,000 ------------.—
Bonds.— O f tho $5,000,000 1st Sc ref. bonds, $185,000 aro reserved to
retire an equivalent amount o f underlying bonds. N o sinking fund.
E A R N IN G S .— Year ending June 30 1915, gross, $201,494; not, $59,925
int. & taxes, $52,139; pref. d iv ., $9,000; com . d iv ., $8,750: doficit. $9,964.
R O A D .— 17.7 miles o f track.— V . 97. p . 365. 1357; V . 100, p. 1168.1833.
(3) C o n c o r d M ayn ard & H u d so n S tre e t R y .— A trolley road. Tho
M ass. C onsol. R ys. owns 2,319 shares o f the stock.
O R G A N IZ A T IO N .— Organized In Massachusetts M ar. 27 1901 A c­
quired C oncord Sc Clinton St. R y. Feb. t 1902. On Aug. 25 1911 acquired
Lowell A cton & M aynard St. R y . V . 93, p. 1786. F r a n c h is e s perpetual.
STOCK A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock $235,000 ($100)......... ...............
— ..............
$235,000 See earnings
1st mortgage $250,000 g o ld / 1902
6 g J-J
230,000 July
1922
($1,000)
_________c & r n tflln t . at Am er. Trust C o ., Boston, Trustee.
--------------50.000 ------------■--N otes payable Juno 30 1 9 1 5 - - -----R O A D .— Owns 19 miles o f track between C oncord, M aynard, A cton ,
Stow and Hudson. At C oncord connects with Lex. & Bos. and at Hudson
with W orcester C onsol, and Boston Sc W orcester.
E A R N IN G S .— For year ending Juno 30 1915. gross, $76,517; net, $26,­
759; int. Sc taxos, $17,315: d iv .. $9,400; surplus, $44.
(4) M illers R iv er S tr e e t R y.
,
Rights o f way havo been partly secured on this com pany s proposed line
botween M illets Falls and Orange.
GREENSBORO,

N.

C.

N O R T H C A R O L IN A P U B L IC S E R V IC E C O .
O R G A N IZ A T IO N .— Chartered In N orth Carolina in 1909. Purchased
the Greensboro Elec. C o ., Greensboro Gas C o. and High Point Elec. Pow.
C o. In 1911 acquired m ajority o f the stock o f Salisbury Sc Spencer Ity. C o .,
which com pany it also leases for 50 years. V .9 .3 .p . 1324. Does entiro gas,
elcctric-Hgut and power and streot railway business o f Greonsboro (and its
suburbs o f Proxim ity. R evolution. W hite Oak and Pom ona). Salisbury,
Spencer and East Spencer, ontire street railway and electric and gas busi­
ness o f High Point and streot railway business o f C oncord. Power Is
purchased from Southorn Power C om pany. In 1910 fr a n c h is e s had the
Following number o f years to run: Groensboro, 28 yrs.; High Point, 59 yrs.;
Salisbury and Spencer. 51 yrs.; W inston-Salem , 58 yrs.; also has a 30-yoar
fr a n c h is e In Guilford C ounty and township.
In 1013 obtained a 60-y oir
fr a n c h is e for a street railway In Lexington and Thom asville.
STOCK A N D BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock $3,500,000 ($100)
$3,322,900
---­
First St rof mtge $3,500,000/ 1909
5 A-O............. 2.138,300 A pr 11934
($100, $500 and $ l,0 0 0 )tfc\ ln t. at E quitable Trust C o .. N . Y . trusteo.
Greensb El C o 1st M gold ) 1902
5 g A-O
170.500 April 1 1932
($500 Sc $1,000)............c t f /I n t . at E quit. T r. C o ., N . Y .. trustee.
Greonsb El C o fund Sc im ptf 1905
5 g J-D
30,500 June
1930
M ($500 & $1.000)____ c t f /I n t . at Bankers’ T r. C o ., N . Y .. trustee.
Sal isb Sc Spen Ry 1st M g o ld / 1905
5 g M -N
827,000 M ay 1 1945
$1,000,000 ($ l,0 0 0 )_ _ c* tf{ Int. at M ich . Trust C o ., Grand R apids.
( trustee, or W . N . Goler St C o ., N . Y .

B o n d s .— O f tlio 1st & ref. m tgo., $201,000 are reserved to rotiro like
amount of m ortgage bonds o f Greensboro Elec. C o. and S I .100,700 aro roservea for future impts. and acquisitions undor proper limitations. V . 88,
E
:
‘ , V ,p ; 60°- Subject to call on any int. date at 105 and int.
i non i no */n< ° f i f a p,°,Lann' o f Kfoss incom e, July 1915 to 1919; l ' A % July
1920-1924, and 2% 192o to m aturity. T he remaining $173,000 Salisb. 5
Spoil. Ivy. bus. are reserved for future ext. & im pts. Rod. at 105 and int
•oo-r o q o i ? S £71Por fis c ,a l year end. M a r. 31 1916, gross, $513,391: net
* 227.938: int. & taxes, $162,903; surplus, $65,035.
R O A D .- Owns 27.8 miles o f track. 60 and 70-lb. T and 9 0-lb. girder
rails. Standard gauge. 39 cars. Connecting extensions between the
various cities are proposed. Owns Lindley Park at Greensboro. Electric
plants capacity 2,800 h. p. 178 miles transmission lines. Gas plants
capaelfy ^26.600 eu. ft ., 70 miles o f mains.
O I-F IC E R S .— Pres., C . B . Hole; V .-P . & Gen. M g r., E . O. Deal; Sec. &
Treas., L. II. Hole Jr.— V . 94, p . 699; V.95, p.361; V. 96, p. 790; V .97, p . 50.

G U L F P O R T , M IS S .
G U L F P O R T & M IS SIS SIP P I C O A S T T R A C T IO N C O .
O R G A N IZ A T IO N .— Incorporated In Mississippi in 1905. Purchased
the Biloxi Electric R y. & Power C o. and the Gulfport D evelopm ent C o .
In 1907 increased auth. stock from S I,000,000 to $2,000,000.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
..............
$1,000,000 ____
Stock $2,000,000 ($ 100) .................... ..
1 st. m ort 31.000.000 g o ld / 1905 6 g A -O
1,000,000 Sept 30 1935
($ 1 ,0 0 0 )________________t f il n t . at Hibernia B k. & T r. C o ., N . Orl. Trus
6 g J-J
692,000 July 119 3 2
2d M gold ($1,000)___ c t f / 1907
(Hibernia Bank & Trust C o ., Trustee.
Bil. E l. R y . & P . 1st m tg e .,g .( 1903
6 g J-J
155,400 Jan 1 1924
($100, $500 & $ 1 ,0 0 0 ).. - t f 1Int. at Hibernia B k. & T r. C o .. N ow Orleans
B o n d s . — T he bonds o f 1905 are subject to call on O ct. 1 In any year at
105: no sinking fund. Interest on 2d m ort. is payablo at First N a t. Bank
G ulfport. Bonds havo no s. f. and aro not subject to call. T h e Biloxi
Electric Railway & Power bonds aro subject to call at 106 and interost
E A R N IN G S .— For year ending Juno 30 1916, gross, $226,905' net *63 315. In 1914-15, gross, $245,173; net, $110,650?
’
'
‘ ®bd’
R O A D .— Operates 13 miles o f track from Gulfport to Biloxi and 11 miles
from G ulfport to Pass Christian; also 6 miles o f track in Biloxi- total 30 m
O F F IC E R S .— Pres.. J. T . Jonas; V .-P ., W . T . Stewart; Sec.’ J O Shorn
son; Treas. P. A . Stllwell; Gen. M g r., W . F. G orcnflo, all o f Gulfport"
~ v . o,}, p. y j .
H AGERSTOW N , MD.
T H E H A G E R S T O W N & F R E D E R IC K R Y . C O .
O R G A N IZ A T IO N .— Incorp. A pr. 7 1913 In M aryland as a consniMn
tion o f the Frederick R R ., Frederick Gas & E l. C o ., M yersville A^Catoe"
tin R y ., Hagerstown Ity., Hagerstown & Boonsboro R R ? Hagerstown *
M yersville R R .. Hagerstown & N orthern R R . and Frederick & II?ace?sTown
Power C o. V 96 p. 947, 1422. In 1914 purchased properties o f the F ro ltburg Ilium . & M fg . C o. f r a n c h i s e s are perpetual or extend at least 15
years beyond life o f bonds.
10
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
__
C om m on $2,000,000 ($50)____ ______
$2,000,000
Prof, 7% cum ($2,200,000) $ 5 0 .......................1
635,000 . . .
iUOfr rI oUIfM
1Vi_af10.000,000
?I O.UUU.UUU ($100\l J 9 1 4
1 (IMf) (inn A pr 1
1 st&
6OgKA -O
1.050.000
1944
Adjustment m ortg a g e_______ _____
5%
Hager & M yers R y $ 12 5 ,0 0 0 .. 1904
5%
120 000 h‘iiv i t o o l
Hagers & Boonsb Ity 1st M I 1902 5 F -A
110 000 F b J i a o o
$120,000 ($500& 3 1,0 0 0 )c*(ln t. at M aryland S. & T r
T T »£ ««ti922
Hagers & N or R R 1st m tge 1908
5 g F-A
200 000 mT
u S
$200,000 gold ($1,000. 3500 Int. at M aryland S. & T r C o ° w l t o J J 927
and $100)...........................c * ( Trustee. W m . JenM ngs'
” H agerstown*
M eyersv & C atoc 1st M ............ 1904
5%
35 non
i m en
126 non ' I } I 9? 9
Fred & M iddletow n 1st m tg e/ 1905 5 g J-J
$250,000 gold ($ 1 ,0 0 0 )...cl Fidelity T rust C o Baltimnr2°mn
1 1935
Fred Gas & Elec 1st M $200,- 1904
5 J-J
I7q nnh TL,1s.kT ',r ,o n
000 g ($500&$1,000) g.p& ll Interest at W est End
, U L , l ? 2,9
b y Fred R R ; not sub to call! phia. T ru s te e
“ T rust O o" lhlla<lc'M on ocacy Valloy R y first/ 1908
5% *
on nnn
1f.or
- .......................- - « s s s
J U S *
Frostburg 111 & M fg 1st M j 1899 ’ 5 J- j
rustees30-year bonds____________ iTnt. at First
n , J°;0 0 0 Ju,y 1 1929
S to c k .— The pref. stock is r e d e e m a b le ^
£ rosi burS ; M d .
stock has been placed in a voting trust, ‘ v . 9 8 n l i 08d ? 60<' Coramon
Bonds.— O f the now $10,000 000 mtirn is r S in m
1694.
prior lions and 88,150.000 reserved f o r ^ d d n s ^ i m m aro(.rcsorvc<1 t 0 retire
restrictions (soo V . 98,
p
.
1694)
Reserved
'
h
i
S'
,.
&C"
I 'inder to
certain
» , ij. i o j p . - . r e s e r v e d bonds when Issued
boar
os ana y i iu i nous; 1U2/-PJ34, 2 % ' 1
on any int. date. T ax refund in P i
niu-"iT-"
‘ " in u iu im>.
bds. aro red. at par. Hagers & Nor R ,]10. , ( aKCrst ° wn & B oonesboro R y .
Fred. & M idd? bonds are red at in ? n n
ca," a ft- 1917.
bonds aro guar., p. & i., b v Frederick °
R
‘Ji? 40- Ercd. Gas & E l.
E A R N IN G S (Incl. Frostburg l nm £ ,y r?altA Trust C o ., trustee.
Juno 30 1915. gross $424 347•'nJw 3lfia‘ o™
9o ) '— For year ending
& c.. $ 113.257? surplus $65 379 ’ $168'9 ,4 : othor ,ni;" 39.662: in t., taxes'?

T ^ 'h ? V

Interest day at 60 days notice.
sassw vss.1 T

T he Citizens’ Railway

c o S m o ^ b k w ^ p a M J & r i l 9 T 6 . Pref- St° Ck'
•— £ or year ending D ec. 31:
Y ear-— r

F a r n in n s

1015

M if - i
8 f t ............. " S8 3 861

*T a x ? {$ e r

{ .r r r T jg 1

m -w

A d iV ‘ ° f 3 % ° n the

oth er
In co m e.

33.089

In terest,
R e n ts , A c .

B a la n c e ,
S u r p lu s

$235,911

$ 1 2 ®

H AN O VER, PA
HANOVER & M cSH E R R Y ST °W N S T R E E T *R A IL W A Y CO
®

tr01’ V ’ 10<)- P- 1257*

PtHroMOo.
Stock $2 00?000D(.WOK D.S _ " D a t6 '
In te re s t° uLs! ^ d^ - . M a t u r i t y .
First ratg $500,000 g ($ 1 ,000) ) 1908
5 'g J - D
*400 000 { n n ^ f ’iQo^
subject to call at 1 0 5 .. c* tf/In te re s t at Y ork Trust C o Y n r i / o ? 1J 928
B o n d s .— O f remaining bonds $100,000 are reserved fnr '„ ,,o rF '•* a -. T rus.
, D iv id e n d s . — In July 1894. 2 £ % ; ln l8 9 5 , jT n 2 i s o W n S 8'
lost- ,1903 and 1904 none. In 1905. Jan!. 6 % . In I9068|nd ?o n -recbrd?
Jan. 1908 to Jan. 1913, Inch. 6% per annum
In Julv 1913 ^5ncv’ n on9'
div. paid; Jan. 1914 (re g .), 4 % ; J uly, 2 % . I n i9 1 5 Jan 3913
8.t ock
E A R N IN G S — ° f the H an. & M c S . St. R y . for yea^end% D e^ 3? l o f ? '
gross, $40,732; net, after taxes, $12,038; other incom e 38 M i c i i n i
in t., $20,698; accident reserve, $880; loss $699
58,841, bond . & c..
R O A D .— Owns 12.22 miles o f track In and between H anover
f t
E R tostow n ahd Conewago C hapel. Standard gauge. 6W b . T and
a OF^ 'P p E R S .— Ih 'e s.,J . A . Linen J r., Scranton; V .- P ..J .E W eissenflnhSec. & T reas.. F . B . A therton.— V . 98. p . 1459; V . 100? p . 12577 enfluh’
H A R R IS B U R G , P A .
H A R R IS B U R O R A IL W A Y S .
G a n .i z a t i o n -— Incorp. in Penn, on N o v . 29 1912 and
the Central Pennsylvania T raction C o . (see “ E lectric R ailw ay” Sectinrwff
Sept. 1912) and its subsidiaries. V . 96, p . 2 0 2 /
« a,lway Section o f
— ° n J uly 16 1916 the com p a n y’s men went out on strike and
r>nSTatil?ns wero hampered for abou t four weeks, but early in S e p t 1916
norm al
r re p o rte i that the operation o f cars and receipts w e ^ ba^k to
h. ° N

’T ‘ “ -

musSoSS-

M“ m “

m in

9s s a f s e m a m i

42
($ 1,000 and $50 0 )..........tf/IIarrisb u rg Trust C o ., Trustee.
C i 7? l PS
ger first m ts e L 1894 ^ 6 8 M -N
75.000* M a y 1 1924
S T O P K 8' I r f ' V w - - - ' In t; ® * P om w th Guar. T r. C o .. Han-isburg
1 car end.

l&

G ro ss

r —

«

N et

»

R e n ta ls

Tnr

Tnt

c

* * &582&245&

»

1914-15 -------973,622
548,615
dPf'S33 n?o
d e f' 33,630
R O A D .— Owns and operates 73-51 miles o f line
O F F IC E R S .— Pres. & Gen. M gr?. F . B . M a k e r H arrish,,^- v n
F M yers; Sec.. J o h n O Connell. O ffice. H arrisburg_ Isburg; V .-P
96. p. 209; V. 98. p . 155; V . 101. p. 1013. 1272
’ ° 5 ’ p ’ 1745:

B.
V.

V A L L E Y R A IL W A Y S .
« o ° ,U? m ? IZ^ T I .O N - ~ I nco,rporate(1 ,n Pennsylvania in July 1912 and in
8
ep t. l912, after increasing its stock from $ 10,000 to $2 500 onn rnf
$500,000 is 6% cu m . p re f.). purchased control o f the Valley TracUon Go
f h lc h In turn controlled the Harrisburg & Mechaniasburg Elec- K y W hite
I J . ^ Mechanics burg Pass. R y ., Carlisle & M echanicsburg St Itv' West
S K I ;

t & s A f l S i

I * e f e S S S S S *

\T.

c„8
„ T r . Ks a Do.oo°o?' ( J t e . . D ”. ' e;
, M
I S fS ffig Pref cum $500,000 ($100)................
6%
500 000
................
Collateral trust S i,700 ,00 0 ..tf 1912
5%
1 0 0 0 0 0 0 A 'u g '3 'io R o
Valley T rac 1st M $700,000) 1903 5 g A -O
7 0 0 0 0 0 O c t 1 lo o a
gold ($100 & $500) _ .c * n t f [In t. at Farmers' T r. C o .. Carlisle Pa 1 T ™
Bonds.— Remaining coll trust bonds ($700,000) aro reserved to roHr«
prior liens. Valley T raction bonds aro subject to call at n n 1
fund
o f $5,000 per annum com m enced O ct. 1 1908
^ s tn *tn 0
M d .? h ^ 'h ^ ^ ^ g ^ b ^ n T a l f w a y OTtend^ngefrornH^ w l e r ? r w anrr Freder,c k •
with extensions from Frederick to Thurm ont \td
to Hagerstown,
E A R N IN G S . — For yr. end. Dec.31 1915. gross $279 163- net
e re
Shady O rovo, P a .,a n d with branch iin «^ S fn iC T “ c also r*Pm Hagerstown to
road from Harrisburg to M a ^ h l e ’ and
M ileage operated aggregates 87.5 miles.
°°n sb oro and to Jefferson, M d . t o RCarlisle_ 0 p e r :U ,‘S 44 ^
O F F IC E R S .— Pr&s. & G en. M g r., C . H . BishoD L « m n m ,
.0
.
*
Henry H olzapfel? Ilagerstowrg ^ .p M .^ P ^ K lo U O T ^ lla g e re to w n ^ T re '38' ' T reas., C . M . D avidson. General officas. L e m o y n e ^ -V ? 96,'p ! ( j ^
Thom as H . Haller, Frodorick; Gon. M g r.? M A Pnnh>rge v ° oc ’ T ^ ? 3 ’
1422, 1488; V . 98. p . 1608. 1694; V . l Q l , p j o H ; V . ^ 10 2 .'^ 134o ’, ? 8 i l
’
H A V E R H IL L , M A S S.
NEW H A M P SH IR E E L E C T R IC R Y S
HAM PTON, VA.
O R G A N IZ A T IO N .— A voluntary association succeeding th« t v w ti
N E W P O R T N EW S & H A M PTON R Y .. G A S & E L E C T R IC CO
shire Traction C o. on Aug. 24 1905. Owns a I' H i t - 1oekS o f ?
tv, n ^ P'
(See m a p o n p a g e 5 2.)—
1 K ,c c o .
companies: In New Hampshire. D o v .. Somersworth & Roch^er^^°o'0w‘ Dg
Alien & Pock, Inc., o f Syracuse, acquired con trol o f the nnmmr,,,
C o .; Rockingham C ounty Light & Power C o (V 103 ti 4QoTn Juno 1916 at $30 per share.
A bout 10,500 shares o f tho com m on stock State Land C o .; in M aine, KIttery Electric Lt Co ’in M oss’ M i l «
havo been placed in a voting trust for 5 years (to 1921). V otin^ruste??? eastern St. R y . C o. Also owns all the bonds o f the
No/ tli '
are: M oreau Delano, New York; B . Howell Griswold j r ., Baltim ore a??d Rochester St. R y . (except $74,000), o f tho Am esbury & Harnntn??^?1^ &
C . Loom is A llen , Syracuse.
x»«usunore, and (except $49,000) and o f the C itizens’ E lec. St. R y (Except $” §0 000) '
y'
•— This com pany was organized in 1914 as tho ennsnii
c t ° ^ } !Wp‘ .N ews & OI<1 I’ 6- RY- & Elec. C o ., Citizens’ R y Li^ht
the w lm itn n ouamKton. fU)a<ls Traction C o ., N ew port News Gas C o and
wav ga^andDfii?.c?rinUn h .F or! M onroe Gas Corporation and provides rahF r a n r h L i l i l aRrfJ ,ow er facilities for the Virginia Peninsula

1

E i s S ' s S S r “ v r a a s s S w s s s s is ± i
STO C K A N D B O N D S —
D a te .
In terest
Com m on $1,125,000
in ter e s t
Preferred $1,250,000 6 % c u m ! .............................

O u ts ta n d in g .

M a tu r ity

$1,125,000 July ’ 16 3 %
1,000,000
See text
3.579,000 Jan 1 1944

N e w p o r t N e w s & O ld P t. Ity . & E l .—

E1S

W

« , , 900'000c8. t , ( i a t

N„OT l w » »

First m tge Citizens’ R y L& P 1900 T
W
a«cn cy Ini Now York.*
"
$800,000 ($1,000) g o ld ..c* | M aryland Tr'int Cn
-,??0 M a y 1 1940
Guaranteed prln A lnt
I n t P P M t ^ ^ g t G o ., Baltim ore, Trustee
H ampton Roads T rac 1st M ! . 1905 1 4 U ? I -jBrown &flSons, Baltimore.
B o n d s .— O f the first and ref. bonds SI Os^ non
t
^
1030
as a bov e.$3.000 aro In treasury an?l tHo r v n v ilnlnc
nonfor 2 r,0,r ,,ens
& exts. Bonds subj. to call at 105^& Int? m H S y % t * !(2 5 3.;22S^S?-for
notice. Int. payable at Alexander Brown & Sons H'dicn™?2n ° no D10ntl',s
agency In N . V . The M aryland Tr. C o ., Balt , Is trustee o f h o th T h ^ fiL ?
and general mortgages o f tho N ew port News *
,, e
Th»
* OlS P o iM b S n J , Srd1898'”. ere,S ; t e £




r

ConTmoCnK$ r 000.000($ 100) . . . . 7?. a±
^
D i’
J -J * "'
3 3 9 0 M ir ,;-- - P r e f4 % n -c . $ 4 .0 0 0 .0 0 0 (3 1 0 0 )____
D IV ID E N D S .—-C om pany paid 1% each 6 mos. on pref from lulv^innl
to and inch Jan. 1910.; July 1910 to Jan. 1912, l k % , ? ■ Ti,ilUf n i o .
July 1915. 2 % s.-a. In Jan. 1916. none; July 1916. 2 % a ’ ’
y 1912 to
O F F IC E R S .— P ro ;. . D . A . Belden, Haverhill; V .- P .’ m N Buckner
N ew Y ork; Sec. and Treas., F . J. H om e, N ew Y o r k __v ’ o r!' n i i Ur n5 ’
° 6 ’ p ‘ 863: V ' 9/ ’
p. 803: V. 98, p. 236; V. 99. p . 673; V. 103, p. 493
(l), M a ssa ch u setts N o rth e a ste rn S tre e t R y.
All the stock o f this com pany is owned by the New Hamnshi™
n
O R G A N IZ A T IO N .— A M tes. corporation. O m is andPnnc® f ' eC' ? y s ;
and interurban railway in Northeastern M ass, and SoutheM ten? N ° h
M aintains a through service between Haverhill. Lawrence
'
Amesbury and Newbury port. Power is purchased from ’ the R ockir^ham
C ounty Lt. & P ow . C o. under a contract extending bevond luiv 1 ro?!?anl
On O ct. 1 1915 asked the P. S. C om m , for p em lM lon t o 'in cL L L 93.4 * ,
cash fares from 5 to 6 cts. and the price on ticket books b y abou t 2 0 ^ S 08 6
S T O C K A N D B O N D S—
D a te .
In terest
Com m on stock ($100)..............
in terest.
O u ts ta n d in g .
M a tu r ity .
Pref 6 % cum ($100)............
6 % ............
665 000 .....................
ref,JM 52,000.000/ 1914 5 g J-J
707 000 Ju lv" i " i o 5 I
_ ($ 1 ,0 0 0 ) gold .................... c * (ln t . at Am or. T r C o
Boston m L o U 934
Citizens' Elec St R y 1st M l 1900 5 g J -D
”930°onon ’r»TrU,stfn 5n
$230,000 g o l d ., r . . . . . : . 1 Beacon T r S s l C o .. B J t o n ^ T r u ^ t e e 1 192° ’
Amesbury & Hampton 1st M J 1899
5 g A-O
mm
gold $ 100,000 ( $ 1 . 0 0 0 ) .. ..{ l n t . at B e lco n T r. C o .6 B ^ t o ^ T r u i t e e 9
— T he } st * ref. 5s o f 1914 are red. at 110 and Int on m v inf
on 43 days notice. O f the remainder o f these bonds auth * 9Q3*rin'odate
reserved for prior liens and $ 1 ,000,000 r e s o l d ^ o r % £ t ^ o f
impts. under certain restrictions (V . 100, p. 55).
or additions and
t a £ £ .R$ 10S 98S6 ~ FOr'year

endIn8

D e c’

31

l9 u ’ t™ * '

5 7 ° 6 ,635: net. after

/H A M p T O N ^ /* ^
NEWPORT NEWS.
SHIP YAR0^}~
AND ‘T ^
DRY D O C K S !

ptuu Institute
-36TH-

*

BUCKP.CE
. HOTEL'S

£W P -Q R T . N E W S

feTTH ■HpWMMMMETlfarTO.
:UB-ST ATiON OF-N.Nt&;HtRY; GA
2 3P7ST.

IttltB a T v
Soldiers Uom^

E L E C T R I C R A IL W A Y S

raom*■Jr^Grain
KkVumi f

O L D P O IN T C O M F O R T fe d
CHAMBERLIN HOTEL^vj

small boat

L HARBOR

fortress Monroe

Fort Wool
(Rip Raps)

Willoughby Spit>Cviii£*lt

Sewall Point

W IL L O U G H B Y

BAY.

ELECTRIC RAILWAY LINES OF THE




Ocean View
PORTS-

[Vot. 103.

NEWPORT NEWS & HAMPTON RAILWAY,
GAS & ELECTRIC COMPANY

» ? P A D - &? - ~ ? wns and operates about 126 miles o f single track (80 miles
if}..
and 46 *P Now Hampshire), extending east and west from H aver­
hill, M ass., entering on the east N ow buryport, M errlm ac, Salisbury and
Am osbury, M ass., and Plalstow and N ow ton, N . H ., and on tho west
Lawrence, M ethuen and Dracut, M ass., and Salem. Pelham and Hudson
N . H . Enters Lowell and Nashua under trackage rights. Owns and oner1103 & N ow buryport and Am esbury. C onnects with the Day
State St. R y ., M anchester & Nashua St. R y. and the Exeter, H ampton
& Amesbury St. R y . Also owns a largo amusement park on C anoblo lLako
plow s0m’ N . H . 80 open and 49 closed cars and 25 work cars and snow

Helena Gas Light & C oke C o .; comprises the city ’s entire street railways
and gas and electric-light plants. F r a n c h is e s expire April 4 1926.
M ontana Sup. Court In F eb. 1913 held that city could
ordinance which required the com pany to light its tracks
within tho city limits without expense to tho city— see V. 96, p . 1422.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Com m on $900,000......... ................... ..
o -F
$561 000
S up trit
Preferred $600,000 5% cu m -----------5 Q -F
374,000 Aug ?16 l k
8 2 •®0 0 ’002 ) t W ,
M -S
1.043,000 Sept' 1 1925
F
gold ($1,000)----------------- c * /I n t . at C olum bia T r. C o ., N . Y ., Trustee.
Bonds.— The ist M . bonds are su b j. to call at 105 and Int.; $1,295,000 are
reserved for ex tons, and im pts., at 85% o f cost, and S2.000 in addition to
amount reported outstanding are in treasury. A s in k in g f u n d o f 1 U % per
ann. o f bonds out com m enced June 1 1908. which will be increased to 2 H %
per annum June 1 1918, said fund to be used in retirement o f bonds at not
wn 10v. d ,n t’ 8ee V .8 1 . P. 1550. $160,000 have been retired.

O F F IC E R S .— P res., D . A . Belden; T reas., F . E . W ebster; Gen M g r
Franklin W oodm an.— V. 100, p . 53.
» ■ » « » , u e B .M g r .,
(2) D over S om ersw orth & R o c h e s te r S t. R y .
All the stock and 8226,000 bonds owned b y N ow Hampshire E lec. R y s .
O R G A N IZ A T IO N .— Chartered under tlio laws o f N ew Hampshire
Is
consolidation o f the Union E lec. R y . and the Rochester St R y
*
a tS T 3 ?5 “

oD( « ™ D.3 “ . . D f “ ;

0 “S X , T

^ a ,U H W -

B o n d s .— All

the bonds except $74,000 aro owned b y New Hampshire
E lec. R ys. C o. Sink, fund o f $5,000 per ann. began in 1904.
P
J 2 ?0 2 5 N IN G 8 '— F° r CaI' year 1915, gros3’ $108'0 15: net, after taxes,
R O A D .— Owns and operates about 21 miles o f line.
O F F IC E R S .— Same as for Massachusetts N ortheastern St. R y .
H AZLETON , PA.
W IL K E S -B A R R E & H A ZL E T O N R R .
O R G A N IZ A T IO N .— Incorporated In N ow Jersey M a y 1901 and acmiirnri
the entire ($1,500,000) capital stock and ($1,500,000) bonds o ft h e W ilkesBarre & Hazleton R a ilw a y C o. (Pennsylvania incorporation) and deposited
tho same, together with $140,000 (entire Issue) o f the Lehigh Traction C o ’«
6% certificates o f Indebtedness and $922,200 o f tho $1,000,000 stock o f
tho Lehigh Traction C o. as security for tho Wilkes-Barro & Hazleton R ail­
road C o. Issue o f first collateral trust m ortgzgo 5 % gold bonds
V 72
p . 1281. F r a n c h is e s aro 999 years In and around Hazleton and perpetual
worn Hazleton to Wilkes-Barro.
I n t e r e s t N o t P a id . — T ho M a y 15 1914 Interest on tho collateral trust m tge
o f 1901 duo M a y 15 1951 was not paid when duo. In lieu o f paying the
Interest bondholders were requested to surrender their coupons, due M a y 15
1914 to N ov. 15 1916, and In return the com pany issued non-interest-bearlng
certificates for tho coupons as they bccom o due. See V. 98, p. 1539. Tho
default was the result o f a striko o f tho em ployees o f tho Lehigh T raction
C o ., a subsidiary. See Lehigh Traction C o. below. Tho interest duo
M a y 15 1914 was paid June 15 1916, and interest due O ct. 1 1914 was paid
A ug. 15 1916.
ST O C K A N D B O N D S —
D a te .
In terest.
O u ts ta n d in g . M a t u r i t y .
Com m on $2,500,000 ($100)_______
________
$2,500,000 .....................
P ref 6% non cum $700,000......................................
185,600 ................
Collateral trust mortgage $2.-1 1901 5 g M -N 16 1,900,000 M a y 151951
600.000 gold ($1,000)___c * )ln t . at Guaranty Trust C o ., N . Y ., Trustee
Collateral trust m ortgage $ l ,- ( 1905
5 g A-O
1,227,000 Oct 1 1945
500.000 gold ($1,000)____ c /I n t . at Guaranty Trust C o ., N . Y ., T ru stee.
B o n d s a n d S to ck . — O f tho authorized Issue o f $2,500,000 coll, trust bonds o f
1901. $600,000 are reserved to retiro all bonds o f the Lohlgh Traction C o A
sinking fund o f $20,000 per annum, which began Juno 1 1908, Is to be In­
vested in the collateral trust bonds or in bonds purchasable b y savings
banks in New York Stato. See V. 72, p . 1281; V. 78, p. 289. Tho collateral
trust bonds o f 1905 have a s in k in g f u n d o f $10,000 per annum , which began
In 1910. Bonds can bo called at 110. Preferred stock can, at option o f
com pany be changed at any time into tho bonds o f tho com pany, at par
said bonds to boar not loss than 5 % , or m ay be red. at nar in cash
p a r'
E A R N IN G S .— For cal. yr. 1915 (Incl. allied com panies) gross' $466 675net, $224,310; i n t „ taxes and ronowals, $226.411 deficit $2T o i * ° 0 ,6 7 5 ’
O F F IC E R S .— P res., A . M arklo; V.-I*. & Gen . M g r . C B . H ouckS ec., N . C . Y ost; Asst. S ec., A . M arklo Jr.; Troas. Win II Rom iek *
V . 83, p . 1292; V . 87, p . 679; V . 98. p. 1539.
R om lck.—
(1) L eh ig h T r a c t io n C o .— A trolley road.
O R G A N IZ A T IO N .— Chartered N o v . 7 1892. F r a n c h is e nn m nhui
TTft?ietn0ni r 0ii3 atuIloas<*) for 9991 years at an annual rental o f $1 each the
S f t ? L l 8S burban
WcaPItal *30.000; Hazleton & South
^ oCiJ
'> c,a P*ta' $75,000; Ilazloton & N orth Side Electric R v .
5.000. Tho $140,000 certificates o f indebtedness and $922,200
Hazleton* R R " b o n d s 'o f 1901dop0slted M sccurlty for
Wilkes-Barre &
r J , [ n i T T ^ res, 1 P ef^ ull, e^ ~ 0 la D o c- 31 1913 a strike was begun which
JS*uJt®lU n rtho JcfauR o f tho paym ent o f tho interest duo Juno 1 1914 on
Pj® 18d M ' 53 ° ? thi? c °on 1st M . bonds o f the Wilkes-Barro & H azleSi° defaulted, V .9 8 , p. 1539). Bondholders were requested
to surrender their coupons falling duo Juno 1 1914 and tho five succeeding
1 perl°d?1and accept in lieu thereof non -int.--bearing scrip payable
ar° Pa kJ and callable at par. A protective com m ittee
was forme*! and asked deposits o f tho bonds at Northern Trust C o ., Phila
i
1G01. Juno and D oc. 1915 coupons on tho $500,000 1st M 5s

1913*5%
N o5 S .‘S ; 3 % ' ,n
'»
£ i &
5 % ! “ri
E A R N IN G S .— For 12 m os. end. D e c. 31 1915 gross 8391 iq o - net
after taxes, *100.977; int, & sink fUnd, S 7 0 .0 6 9 ;^ ^ I i i s f » 3 0 .9 0 8 - &
c c n t ’o ? ross' $315,862, net, after taxes, $100,367; Int. and sink, fund,
$o9,827; surplus, $30,540.
R O A D .— Operates 23.55 miles o f track.
O F F IC E R S .— Pres., P . G . Gossler; V .-P s ., J . H . Pardee and A CoppellSec. & A sst. T reas., T . W . M o ffa t; T reas., R . B . M archant; A sstP Sec’
H . B . Brown (all o f New Y o r k ), and Asst. Sec. & A sst. T reas., A . B Sibley
H elena. Operated under the general m anagement o f J. G . W hite M g t
C o rp ., N ew Y ork C ity .— V . 88, p. 1061; V . 91, p . 1095; V . 96, p . 1422*
H O L Y O K E , M ASS.
H O L Y O K E S T R E E T R A IL W A Y .— Trolley.
O R G A N IZ A T IO N .— Incorp. in M ass. June 11 1884. Leases the M t .
t OI? ^ 9 c,in0) R K - untl*June 1 1922 at 6% per annum on the $100,000 stock.
ln 1907 purchased the Hampshire Street R y . (previously leased). V . 8 5 .
P- 40.. I n A ug. 1907 purchased the Amherst & Sunderland Street R y . (V .8 5 ,
p. 294), giving a through connection from H olyoke to Amherst and Sunuerlana.
nnnrl-M ^r ’
issued $850,000 20-yr. 5 % 1st m tge. bonds to retire $250,V 1 0 0 p ' 7.T? 1< ^ tured April 1 1915 and for I)aying floating indebtedness.
i r t $ ? & T A 8tr,ke for a 9 -in -ll-h o u r day with the same wages as paid for
r.re a „ „
which tied up the com pany's lines for 8H days, was called
— k u . . , ! . , ,,,
. en an agreement was reached to submit the dispute to
h a ck to
I ?11 A u g- 2 7 tho men struck again but went
back to work Sept. 10 1915. V . 101, p . 923.
D a te .

"

S

g i% .a" m

-

l

S

r

y . - .o o o i ji .-S U 1's l i , ? ' %

I n t e r e s t . O u ts ta n d in g . M a t u r i t y , & c

6 *i >

w
D ^ .f.o S

5

itrs

8 2 t . Tf , S

£ S n2 '
h k 1903
5 A-°
265-000 AprU 1 1 9 2 3
stock 6 % __________________ ______
6
100,000 _____
i-n m S k T i* '350,000 1st M . bonds are reserved to retire the debenture bonds',
nt'Vnv e!i
6 f0E add*tions and impts. under certain restrictions. R ed .
at 107 and int. on and after April 1 1920. V . 100, p. 982
iP tw est on debenture bonds payablo at n o ly o k e N ational Bank.
D iv i d e n d s .— From 1892 to 1915, inch, 8% yrly.
In 1916, 6% .
^ <??in r D.’T Has 6 9 -975 miles o f track, Including M t . T om (Incline) R R
4,900 feet long, and connecting with tho W oron oco Street R y . to W estfield,
M ass.; with Springfield St. R y . to Springfield, M a ss., and with N ortham pt ° n St. R y to N ortham pton, M a ss.,a n d direct to C hicop ee.C hicop ee Falls.
South H adley, Amherst and Sunderland. Passenger cars, 120; other ser­
vice cars, 27; snow-plows. 10: other vehicles, 7: electric m otors, 269.
E A R N IN G S .— F or year end. June 30:
„
1915.
1914.
„ ,
1915.
1914.
Gross earnings— $708,586 $643,861 Balanco for d lv s ._ $96,233 $87,497
N et.
193,340
177.642 Dividends ( 8 % ) . . 107.360
96,624
In t., taxes, & c___ 97,107
90,145 D e ficit.................... SI 1,127
$9,127
O F F IC E R S — P res., Louis D . Peilisier; Sec. & T reas., S. D . N evin . all
l

v .” o S T s ! v &

v -"■

»«•

H O U G H T O N , M IC H .
H O U G H T O N C O U N T Y T R A C T IO N C O .— T rolley road.
o . OI\G^ N I Z 4.T I^ °?r-— ^Organized in 1908 and took over H oughton C ou n ty
Street R y ., which latter com pany was incorporated in 1899. F r a n c h is e
on public streets expire in 1929, 1930. 1932, 1933 and 1938. Largely on
private right o f way. $100,000 co m . stk. owned by P ub. Serv. Invest. C o .
ST O C K A N D B O N D S—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity •
C om m on $750,000 ($100)..................
A -O
$750,000
See text
P ref 6% cum $500,000 ($100)...........
A -O
207 200 O ct ’ 16 3%
IS couponsS<havo
1915 ,nt1st consol m tge $1.600.000\ 1908
5 g J-J
739,000 Jan 1 1037
($500 and $1,000) gold t f Int. at Old C olon y Trust C o . B oston. T ra st.
S t^ k °$ T oo 1 iN000B($ 100)S~ ... DaJ f :
InterC S tsimoon nn’n '
H ough C o St R y m tge $750,-1 1900
5 g J-J
297 000 Julv 1 1920
006 gold ($1,000)......... c*tf| Int. at Boston Safe D ep & T r. C o . Trastee
Certificates o f indebtedness... ...................
140 non
’ irUhtC0, r
is ^ “ mahle at 110. $297,000 con sol,
Hazle Park bonds, $ 6 0 ,0 0 0 .... 1895
5 g A-O
60 000 ' " T « 25” ‘ m tge. bonds reserved for prior liens; $28,500 are in treas.; $414,000 for fu­
ture additions at 80% o f cost; $52,000 owned b y com pany; they are subE qu ip trust ctfs, Series A ____ 1916
F -A
60 000
109ft
The equipment trust certificates aro dated A ug. 1 i d l e and cover in jeet to caU as a whole or In part for sinking fund at 105 and int. Sinking
fund 1 H % ° f outstanding bonds, $66,500 have been canceled. T he
steel cars. Penna. C o. for Ins. on Lives & Granting Annuities Phila
P a ., is trustee.
’ xuud” » H oughton C ounty Street R y . bonds can be called as whole or in part at
R O A D .— Operates 22 miles o ftra ck , now 90-lb. steel T ra ils oak ties well 49§ . ? I?d int. V . 87, p. 614. $453,006 have been canceled.
D iv id en d s^ — On pref., 3 % s .- a .f r o m O ct. 1908 to O ct. 1916, inch
On
ballasted. R oad extends from Hazleton to W est Ilazloton to YorirVown
(connecting with Pennsylvania R R . and Lehigh Valley R R .) to McArlnn com m on, 2% O ct. 1909. In 1916, A pril, 2 > j% and same am ount s.-a .
to
and
including
April
1914.
N
one
since.
(south) and Mlinesville, Latimer Mines and Frooiand (north)
„ O F F IC E R S .— Pres., A . M arklo; V .-P .. O . B . H ouck; Sec. and Troas
E A R N IN G S .— F or 12 m onths ending June 30:
N . C . Y ost; Gen. M g r., C . B . H ouck.— V . 99, p . 984, 1598, 1673.
”
, Fear—
G r o s s . N e K a f t .T a x .) I n t .
S k .F d . S p e c .R e s . S u r p lu s .
} 9 }5 -1 6 .................$294 -420 $134,681 $54,401 $11,205 $3,337 $65,738
( 2)
W ilk es-B arre & H a zleton R y .— A trolley,steam and third-rail ro a d 1914-15-------------265,299
97,020
55,696
11,345 ______
29,979
t O R G A N IZ A T IO N .— Chartered D ec. 13 1899 under General Railroad
R O A D .— Owns 32.2 miles o f track, including lines from H oughton to
Law A ct o f April 4 1868, Stato o f Pennsylvania. Tlio W ilkes-Barro & H ancock
and
from
Hancock
to
Laurlum,
Red
Jacket,
Lake
Linden
and
Hazleton R R . owns tho entire stock and bonds.
H ubbell, and the mining locations o f Quincy, Osceola. W olverine. Allouez.
Ahmeek and M ohaw k; 34 cars and 7 plows. Standard gauge. Power sta­
H t^ r 0« i IrooI^ ? ? i ND.S. ~
D a le .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock $1,500,000 full paid____ __
$1,500,000
u
tion capacity 1,000 k.w . Also purch. power from Houghton C o .E l.L t.C o .
First
5
gM
M -N
-N
J11500!()()(
,500,000 M a y ' l j 951
‘ vnM_ mortgage $1,500.0001
*1.500.6661 _1901
1561
6 'g
O F F IC E R S .— Pres., Frederick P . Iioyco. Boston; V .-P s., F . J. Bowden
Trn..i,7 f
7.77" o " . — r — /Interest at Guaranty Trust C o ..
,
T
ru
s.
H oughton, and T . N . Perkins. Boston; Sec., Alvah K . T o d d , BostonE quip trust ctfs, Series A ____ 1916
F-A
80 000
io o e ’
The equipment trust Certificates aro dated A ug 1 1916 and cov er in T reas;, Henry B. Sawyer, B oston; M gr., Gardner R ogers, H oughton,
M ich .; Gen. M grs.. Stone & W ebster M gt. Assn., B oston.— V 87. p 614­
PaT,Sis°trustco.
° 0 ’ for In s’
GraXting A nnS rtU °P hiIa1(! V . 88. p . 1499; V . 89. p. 666; V . 94, p . 1763: V. 99, p . 816; V . 102, p . 1436.
. R O A D . -Owns 27 miles o f road from Ilazloton to W4!kcs-Barro and ncea
tor terminals 1 mile Lehigh Traction
rack a t S t o n and 1 m T
Wilkes-Barre Terminal R R . C o. track at W ilkiX B arre t X ^
IN D IA N A P O L IS , IN D .
KnO F F IC F 1RSlaC%1r ^ °S ?ratl0M M , Y y ® 0 3 - Rails'. 9 5 ’ lb sf ’
T E R R E H A U T E IN D IA N A P O L IS & E A S T E R N T R A C T I O N .
S e ? .T d CTre|8'7 N .eo : Y ^ t? Markfo: V ’' 1>’ aH<1 G en .M gr.,iO .B .H ou ck;
O R G A N IZ A T IO N .— Incorporated In Indiana on M arch 23 1907 and
acquired by purchase (1) Indianapolis & Eastern R y .; (2) Indianapolis
(a ) W ilk es-B arre T erm in a l R R .
C oal Traction: (3) Indianapolis & Western T raction, and (4) R ichm ond
Entire stock and bonds owned b y VV. B . & Ilazloton R R .
Street & Interurban R y.
On M arch 25 1907 leased the Terre H aute Traction & Light C o . for 999
and ^ iits tand In'^ J ^ ’ nnn rPr°
° n ° c,t ’ 9 1903- Stock authorized
years (see terms under that com pany below ), and in April 1907 leased for
999 years the Indianapolis & Northwestern Traction and the In d ia n a p o lis*
<cAr,: M
artinsville Rapid Transit (see terms under respective com panies).
_ ?.G ^ D -— 3 miles, between W . B . T er. R R . June and Wilkes-Barre
In April 1910 purchased 46.717 o f the 50.000 shares o f the stock o f the
N ? CL Yost.' 1 gaUg°* 4 f t ,n ’ 1>res- ° ’ J ’ K i r s ^ n X r X c - T r ^ s ; Indianapolis T rac. & T erm . C o ., giving its own com m on and pref. stock
in exchange (V . 90, p. 1103. 1240); and since that tim e has acquired the
remainder o f this stock except directors’ shares.
HELENA, M ONT.
On M a y 1 1912 leased for 999 years the Indianapolis Crawfordsville &
Danville Elec. R y . (see terms under latter com pany below ). V .9 4 p 1567
p oX ^ gH
asE!igEhNtAanLd, r . T & R A ,L W A Y C ° - T ro l,e y *
apd
F r a n c h is e s .— In a letter to bankers in M a y 1910, President o f the com ­
pany said: “ T he great m ajority o f tho franchises under which the system is
O R G A N IZ A T IO N .— Incorporated ln C onnecticut in Sept. 1905 as sue" operated extend well beyond tho life o f these bonds [1st & ref. m tg e .l. T he
cessor to tho Helena Light & Traction C o . V. 81, p . 1043. Controls th
f r a n c h i s e s in the city o f Indianapolis expire in 1933.’ ’

no




&

Co.

S T O C K A N D B O N D S—
D a te .
I n t e r e s t . O u ts ta n d in g . M a t u r it y . A c .
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
stock ($100)_______________
J-J
July’ 16. 3%
Com m on $12,500,000 ($100)
59.100.000 - - - - - - - - - ­ Capital
Indianapolis Street R y gon( 1899
4 g J-J
6.000.000 Jan 1 1933
Preferred $12,500,000 ($100)---------Q-J................ i ’ iSR’SSS a S<n i* K L k
m ortgage $6,000,006 gold! Interest at Guar. T rust & Safe D eposit C o .,
1st & ref m ortgage $ 8 .OOO.0001 1910
5 A -O
6,500,000' AprH 11945
($1,000) guar____
c * n t f l Philadelphia, Trustee.
gold ($1,000) s f ............c * t f/I n t . at Fidelity T rust C o ., Phila., Trustee
5 g M -N
4.000.000 M a y 1 1933
Citizens Street R v 1st M l 1893
Indianapolis & Eastern ls t f 1902
5 g J-J
See text J u ly 1 192I
$- 4,..............
000,000 g ($ 1,0x—
00 )-c** t- f'^Central T ru st C o ., N ew Y o rk , Trustee.
Cons M $1,000,000 g o ld (In t. at M ercantile Trust C o .. N . Y . , or at
1909
5 M -N
60.000 See text.
E
quip,
certificates
Series
"
A
”
($1.000)slnking fun d. _c*tf l Central Trust C o .. Indianapolis. Trustee
$200,000 ($ 1.0 00 )________ Fidelity T rust C o .. Philadelphia, Trustee.
I n d * Green 1st M , $300,000 1 1899
5 g J-J
l l l.OOOJan 1 1929
1911
5 J-J
45.000
See text
Equip,
certificates
Series
"
B
”
($1,000) gold ................ c * t fU n t . at C it. S a v in g s* Trust C o ., T r .. C leve..
$ l 60.000__________________ Fidelity T ru st C o .. Philadelphia. T rustee.
f
or at First National Bank. N ew Y ork C ity .
1913 5 M -S
65.000
See text
S lo ck . — P ref. stock is 5% cu m . after July 1 1910.
Should com . at any E quip, certificates Series *‘C " Fidelity T rust C o ., Philadelphia, T rustee.
$100,000____________ _____
tim e pay 6 % , pref. will pay the sam e. V . 90, p . 1555.
1913 6 J-D
75.000
See text
certificates Series “‘ D ’
B o n d s .— Remaining 1st & ref. bonds are reserved for additions and Im­
provem ents. under careful restrictions. Callable as a whole from April 1
Interest on 'Citizens" consols at Fourth Street N a t. B ank, Philadelphia.
1915 at 105 and Int., or In part, for sinking fund only at 102H and Int.
T h e m ortgage o f 1899 was for $7,000,000, but $1,000,000 has been can­
on any Int. date. $448,000 held in sinking fund M a y 18 1916.
celed. N o bonds reserved for the Citizens’ consols. T ho com pany binds
S.
f. $55,000 p . a. first 5 years and $106,675, p . a. thereafter: bondsitself to pay to the Indiana Trust C o . a sum annually sufficient to redeem
acquired for s. f. to be alive and int. added to s. f. V . 90, p . 1491.
at m aturity the greater part o f tho entire issue o f Indianapolis Street R y .
O f the $1,000,000 Ind. & E ast, consols auth., $300,000 are reserved to bonds; this provision Is guaranteed b y the Indianapolis Traction & Term inal
retire the Ind. & G reenfieldlst 5s. $54,000 have been canceled b y sink. fund. C o . See V . 76. p. 542; $732,000 held in sinking fund A ug. 1 1916. Equip,
O f the remaining $646,000 ou t, $597,000 are owned by Terre Haute Ind. & certificates Series " A ” mature $10,000 on M a y 1 and N o v . 1 each year until
East. T ra c. A s in k in g f u n d , 1% o f bonds ou t, began July 1 1908. Fund Is paid in full. $140,000 havo been retired. T hey cover purchase or 54 new
to be Invested In the com pany’s bonds If they can be bought at n ot more cars. Y . 88. p . 1499. Series " B ” mature S5.0OO on Jan. 1 and July 1 in
than 105 and Int. B onds cannot bo called. See V . 75. p. 342. On the each year until paid ,n full. $55,000 have been retired. T hey cover pur­
In d . & Greenfield bonds. $12,500 Is payable yearly to a sinking fund be­ chase o f 25 new cars. Series “ O'* m aturo $5,000 on M arch 1 and Sept. 1
ginning O ct. 1 1904, with which bonds beginning with N o . 1 are being pur­ each year until paid In full. T hey cover 25 new cars. $35.000 have been re­
chased at 105 and accrued Int.; $186,000 were so purchased up to tired. Series “ D ” mature $5,000 on June 1 and D ec. 1 each year until
A u g .31 1916.
paid. Covers 25 now cars. $25,000 have been retired.
Stock and bonds listed on Phila. Stock Exchange. V. 69. p. 851.
D i v i d e n d s .— InItlal d iv ., 1 M % . on pref. paid O ct. 1910: same amount
quar. to and lncl. Jan. 1914. N one paid since. See V . 98. p. 914.
ROAD.— 116.69 miles of track; 182 single-truck and 52 double-truck

passenger and 5 service cars.

R E P O R T .— F or e n tir e s y s te m t o r calendar^years:
Gross earnings_______________________ $6,436,317 $6,667,263
Operating expenses and taxes_______
4,114,246 4,261,102

1913.
$6,533,014
3,964,864

$2,322,071
Rentals and other deduc’ns, sub. co s . $1,628,708
159,417
Sinking funds, subsidiary com panies.
27.500
In t. & sk. fd . on divis. bds. o f this c o .

$2,406,101
$1,625,478
152,247
27,500

$2,568,150
$1,594,732
150,813
27,500

$506,446
$309,184
118,184

$600,876
$325,000
55.000

$795,105
$325,000
55.000

Interest on T . II. I. & E . T . b o n d s ..
Sink. fd . on T . II. I. & E . T . b o n d s ...

$415,105
$220,876
$79,078
B a la n c e _____________________
N o t e .— In addition to sinking funds as shown above, there was paid as
Interest on bonds already held by trustees in sinking fund which was ap­
plied to the purchase o f additional bonds, $63,215 in 1915, $80,110 In 1914
and $60,540 in 1913. making total received for sinking fund account by
trustees $361,616 in 1915, $299,857 in 1914 and $278,853 in 1913.
R O A D .— Operates a modern high speed electric railway over lines
which com prise a continuous route from and including the city o f I arls in
Illinois through the city o f Terre Haute and towns o f Brazil. Greencastle
A m o, Clayton and Plainfield, to the city o f Indianapolis, and thence, through
the towns o f G reenfield, Knightstown, N ew Castle and Cam bridge C ity , to
the city o f Richm ond In Indiana; also a line running south from Indianapolis
to M artinsville, Ind.; a line running west from Indianapolis to Danville,
Ind .; a line running northwest from Indianapolis to Lafayette, with a
branch to Crawfordsville; a line running northwest from Indianapolis direct
to Crawfordsville and from Terre Haute a line north to C linton, In d ., and a
line south to Sullivan, Ind. A lso operates the city lines In Indianapolis,
Terre Haute and R ichm ond. T otal miles In single track: city lines, Indi­
anapolis, 141.08 Torre Haute, 27.63; Crawfordsvillo, 1.64, and R ichm ond,
12.81; total. 183.16 interurban lines, total. 367.03. Grand tota l, entire
system, 550.19 miles.
O F F IC E R S .— Pres., R ob t. I. T od d ; V .-P s., Marshall S. M orga n . E . B
Peck and John J. Appel; Sec. & Troas., Jos. A . M cG ow an.
D i r e c to r s . — R obt. t. T o d d , Randal M organ, W . Kestey Sehoepf, Harry
S. N ew . J. J . A ppel, Jos. A . M cG ow an and E . B . Peck. V. 94. p. 209,
1567; V . 95, p . 892; V. 96. p. 717; V . 98, p. 525, 914; V. 99, p. 1911.

(1)

Indianapolis Traction & Terminal Co.

In April 1910 control was acquired b y the Terre H aute Indianapolis &
Eastern Traction. V . 90, p. 1101, 1239.
O R G A N IZ A T IO N .— Incorporated in Indiana on A ug. 4 1902 with
$500,000 capital, which was Increased In Jan. 1903 to $5,000,000 to lease
the Indianapolis Street R y . and to provide terminal facilities for all In­
terurban electric roads now entering or yet to enter Indianapolis, f r a n ­
c h is e is for 31 years, under the terms o f which the com pany Is to pay the
city 4 cents per car for the first 11 years. 6 cents for the next 10 years and.9
cents for the remaining 10 years. On D ec. 29 1902 leased for 31 years the
Indianapolis Street R y . V . 75, p. 1301.
Interurban railways enter the city under agreements b v which they pay
3 cents per passenger for all passengers carried in the city limits and an
additional 1 cent for those using the terminal station. V. 81, p . 264.
STOCK AN D BONDS—
D a te .
In te re s t.
afrtni/'** nnn non
J-J
$5,000,000D ec 13 1*4%
ls t m o r t g a g e $ 5 .OOOjjOO g O ld fiO O ^ 5 g A -0
S.OOOOOO J a n l 1 9 $
($1,000) sink fu n d ____ c * t f /I n t . at G uaranty T r .& S. D . C o ., Phila., Tr.
B o n d s .— A s in k in g f u n d provides for the paym ent annually o f l 1-5% o f

D iv i d e n d s . — First dividend on stock, 1 % , was paid D ec. 31 1908; In
1909. 2 % : In 1910. 2 % ; In 1911. 5 % ; in 1912, J uly, 2 % ; D e c .. 2 % . In
1913, June, 2 % : D ec., \ \ i % . N ope since.
R O A D . & c.— Has com pleted 24.39 miles or single track and owns 9-story
office and terminal building, train-sheds and 3 freight depots centrally
located in Indianapolis; also real estate on which same are constructed.
T his terminal Is used by all Interurban roads (13 In number) entering Indi­
anapolis. A lso leases the Indianapolis Street R y ., 116.69 miles. Owns
electrical and steam equipment o f 7,000 k. w. capacity. Owns 274 double
truck passenger and 113 service cars. Also operates under lease 182 single
truck and 52 double-truck passenger cars and 5 service cars ownod b y the
Indianapolis Street R y .
E A R N IN G S .— F or calendar years;
Y ear—

G ro s s .

N et.

C h a rges.

D iv i d e n d . S u r . o r D e f .

1915..............$3 ,3 6 2 ,3 9 2 $1,429,429 $1,423,230
..............
sur.$3 199
1914
3,378.757 1,383,080
1,409,591
d ef.
26.511
i 9i 3 i : : : : : : :
3 .321:688 1 :442:144 1 .371,200 $ 162,500 d ef. 91.556
O F F IC E R S .— Pres., R obt. I. Tod d : V .-P s., E . B. Peck, Marshall S.
M organ and John J. Appel: Sec. & Treas.. W . F. M llholland.— V. 81. p.
2 6 - p T 8 2 ™ 627;V . 83, p. 1411; V . 87. p . 1664; V . 90. p. 1101,1239; V. 94.
p . 207; V . 97. p. 1426; V . 98, p . 523.
(a) Indianapolis S tr e e t R y .— A trolley system .
O R G A N IZ A T IO N .— Incorporated In Indiana M arch 7 1899. After
acquiring the Citizens’ Street R R . o f Indianapolis and the C ity Railroad,
m ade a con tract with the C ity o f Indianapolis agreeing to suirender the
rights and franchises o f both com panies and accept a new franchise running
onlv thirtv-four years. T h e contract also provides that cash fares are not
to exceed flvo cents, with free transfers, and tickets are to bo sold at the rate
o f six for tw enty-five cents and tw enty-five for one dollar.
T he com pany also binds itself to pay over to the city (vvhich is to expend
ito n the public works) the sum o f $30,000 yearly from 1890 to 192 >. and
$50,000 yearly from 1926 to 1932, Inclusive, the contract expiring In 1 9 3 3 see V . 68. p . 723. T h e city dots the right to purchase the property at
any time within tw o years and not later than one year bofore the expiration
o f this con tract,” nothing to be paid for the value o f tho franchise. Law
8UA s to^ho^th^ee^cent faro^ase, which the U. 9. C ourt o f Appeals decided
in ravor o f the Citizens C o. In D ec. 1897, see Supplem ent o f N o v , 1898. and
V . 64. p. 842, 1180; V . 65, p . 51, 181. 1172.
.
Guarantees tho ($400,000) bonds o f Broad Ripple Traction C o .,a n d owns
7
ec . 29 1902 was leased to the Indianapolis Traction * Ter.
mmal C o. for 31 years. See V . 75, p. 1301. Lease provides for dividend o f
1 % Jan. 1 1903, then 3% in somt-annual Installments for first year, 4 % for
second year, 5% for third year and 6 % after July 1906.




90-lb. rail.

O F F IC E R S .— Pres., H enry Jameson: V .-P ., H . 9. N ew ; V .-P ., H . J .
HIbben; Sec. & Treas., Jos. A . M cG ow an; A sst. Sec. & T reas.. W . F .
M llhollan d, Indianapolis.— V . 79, p . 151; V . 88. p . 1499

(2)

Terre Haute Traction & Light Co.

L e a s e d .— In M arch 1907 was leased to the T erre n a u to Indianapolis &
Eastern T ra c. C o . foe 999 years. T he latter com pany guarantees 6 % on
the outstanding pref. stock and 2% on com m on for \ % years, 3 % for
1 year. 4 % for 1 year, and 5% thereafter, and $1,000 per year for organi­
zation expenses. V . 84, p. 750.
. , ____ .
T ho Terre Haute Ind . & East. T ra c. owns all the com m on stock except
directors’ shares.
O R G A N IZ A T IO N .— Is a consolidation In 1904 o f the T erre Haute E lec­
tric C o. and the Terre Haute Electric Traction C o . Principal railway
f r a n c h is e s expire 1952; principal lighting f r a n c h is e perpetual; other f r a n ­
I,oases
T orre Haute & W estern
c h is e s averago 30 years from Jan. 1 1908.
T
Railway C o .
I n terest.
O u ts ta n d in g .
M a tu r ity .
STOCK A N D BONDS—
D a te .
M -S
$2,000,000
See text
Com m on $2,000,000 ($100)..............
M -S
1,000.000 S oot TO. 3 %
Pref. $1,000,000 ($100 6% cu d
5 g M -N
3.179.000 M ay 1 1944
First cons m tge $5,000,000 1904
gold......... ................... ........ tf Intorest at State Street T rust C o ., B oston.
5 g J-J
1,500.000 July 1 1929
Terre H aute Electric 1st mtg 1899
_______________
$1,500,000 gold ____
($1,000) c* In t. at B oston Safe D ep . & T r. C o ., Boston.
B o n d s . —-The Union Trust C o. o f Indianapolis and tho Boston Safe D eposit
& T rust C o . are join t trustees o f the Terro Hauto Electric m tge. O f the
$5,000,000 consols. $1,500,000 aro reserved to retire prior liens. 1 he now
bonds aro callable as a whole at 110 and Int. on any Int. date. A s in k in g
fu n d o f 1% o f outstanding bonds com m enced M ay 1 1906.
$321,000 was
held b y this fund Juno 1 1916- T ho United States Trust C o. o f Torro Haute
and tho State Street Trust C o . o f Boston aro trustees o f this m ortgage.
See V. 78, p. 2013.
E A R N IN G S .— For calendar years:
,
Y ear—
G ro s s .
N et.
O t h .I n c . D e d u c ’ n s . S i n k .h d .
B a la n ce .
$1,000 $268,083 $32,216 $278,102
1915_______ $1,296,157 $577,401
1914............. 1,419,173
643.910
1.000
267,780
33.247 343,883
R O A D .— Embraces 87.26 miles o f track In Terre H aute. Including lines
from Terre Hauto to West Terre Haute, C linton, Brazil, Sullivan and San­
ford, Ind. Rails, 60 to 80 lbs. Owns 108 city passenger and 15 inter­
urban passenger cars, 6 freight and 20 sorvico cars.
O F F IC E R S .— Pres., Demas Dom ing; V .-P ., R obt. 1. T od d ; Soc. & Treas..
Joseph A . M cG ow an.— V . 84, p . 750; V . 90, p. 1555; V . 98, p . 525.

(a) T e rr e H a u te & W e ste rn R a ilw a y C o .— An electric road.
Leased to Terro Haute Traction & Light C o . for 999 years from N o v .1907.
O R G A N IZ A T IO N .— Incorporated in 1907 in Illinois. Road extends
from the Indiana State lino near Sanford, Ind., to Paris. 111., 10.63 miles.
Began operation O ct. 25 1907. Is entirely onjpr vato right-of-w ay. Entire
com . and pref. stock owned b y Terre Haute Ind. & Eastern Trac. t o .
S T O C K A N D B ON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock com m on $200,000..........................................
8200.000 -------- --------Pi-I>fi>rrpfi S1Sfl COO
__
150,000 ___________
First mOTtgage $2507666 go ld ] 1907
5 g M -N
250.000 N o v 1 1937
guar p & i ($ 1 ,0 0 0 ) ... c * t f (In t. at N ew England T r. C o ., B oston. 1 rus.
B o n d s . — Are guar. p. & 1. b y endorsement b y Terre Haute T r. & L t. C o .
E A R N IN G S .— For calendar year 1915, gross, $46,890: not, after taxes,
$17,983; other incom o, $500; deductions, $12,500; surplus, $5,983. In
1914, gross, $51,235; net, aftor taxes, $20,858; other incom o, $500; deduc­
tions', $12,500; surplus, $8,858.
O F F IC E R S .— Pres., T . F . G rover; V .-P ., F . T . O ’ Hair; Sec. &
Treas., John T . B easley.— (V . 90, p . 1555).
(3) In d ia n a p o lis & N o rth w e s te rn T r a c t io n C o .— An electric road.
L e a s e . — In April 1907 was leasod to the Terre Hauto Indianapolis &
Eastern T raction for 999 years. T he latter com pany will pay the interest
on the bonds; also \ V i % quar. or 5 % per annum on the $450,000 prer.
stock and $500 per year for organization. V . 84, p. 869.
, ,
'
Entiro issue o f com m on stock, except directors shares, Is owned b y the
Terre Haute Indianapolis & Eastern T ra ction .
O R G A N IZ A T IO N .— Organized In 1902 In Indiana. Operates a modern
high-speed Interurban railroad, standard-gauge, located upon private right
o f way outside o f tho city corporate lim its. Extends northwesterly from
the city o f Indianapolis through tho cities o f Lebanon and Frankfort to the
city o f L afayette, with a branch from Lebanon to Crawfordsvillo, each or
which cities Is tho county seat o f Its respective cou n ty. Has trackage
rights to the business centres o f Indianapolis and Larayotto.
T he franchises run for 31 to 50 years from 1907 and permit the carrying
o f freight, express and m ail, as woll as passengers
ST O C K A N D BON DS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Com m on $2,550,000--------------- --------~'
Pref t$l 000 000) 5% cu m ________
Q-J
450,000
See text
First intgo $3,000,000 g o ld f 1903
5 g M -S
2,470^000 M ar 1 1923
($ 1 ,0 0 0 ).........................c * t f lin t , at C olum bia T r. C o ., N . Y .. I rus.
B o n d s. — T he remaining $530,000 for im provem ents, & c .. at 50% and 75%
o f cost. N o s . f., but bonds can be called on any int. date at 110 and int.
E A R N IN G S .— For year ending D oc. 31 1915, gross, $426,808: net, after
taxes, $125,914; othor incom e, $500; bond intorost, $123,500: surplus $2,914.
In 1914 gross, $444,909; net, after taxes, $141,533; othor Incomo, $o00.
bond interest, $123,500; surplus, $18,533.
R O A D .— Embraces 84.15 miles o f track botween Indianapolis, Zlonsvlllo Lebanon, Frankfort and Lafayette, Including a branch from Lebanon
to Crawfordsvillo. Standard gauge; 70-lb. T rail. Owns 20 passenger.
5 freight and 5 servlco cars.
Power house and car barn aro at Lebanon,
V . 88, p . 295; V. 92, p. 59.
O F F IC E R S .— I’ res., R obt. I . T o d d : V .-P s ., C has. M u rdock and Harry
S. N ew; Sec. & T reas., Jos. A . M cG ow a n .
(4) In d ia n a p o lis & M a rtin sville R a p id T r a n s it C o .— An electric road.
In April 1907 was leased to tho Terro Haute Indianapolis *
East. T rac. for 999 years. Tito latter co . will pay the int. on tho bonds: also
$500 per year for organization. V. 84, p. 749. T he Terre Haute Ind. &
Eastern owns entire issue o f stock except directors snaros.
O R G A N IZ A T IO N .— Incorporated In Indiana on April 24 1901. ©per1 ______ _
wav PYPonf, In inrnrnoratod towns.

Leased.—

STO C K A N D BON DS—
Date.
S toc k 3 7 5 0 ,0 0 0 ( 3 1 0 0 ) ..............................

Interest.

Outstanding.
3 7 5 0 .0 0 0

Maturity.

L c f p o ^ '& l t 5 Rv0 istAT R5?/' S ’T ' auth’, th0 ?aI° of SI00,000 Ashland
of a 1 506k w tnr'h n i
a* not lass than 75 to defray the cost
In oo’eration In MirehPl19l 6 AshIand’ whlch was completed and placed
STOCK AND BONDS—
D a te .
In terest
Outstanding.
Maturity.
Common $500,000 ($100)___ .
in ter e s t.
$ 5 0 0 ,0 0 0 ________
Fref $400,000 ($100) 7% cum_____J
"~0-M~
3 0 0 .0 0 0
See te x t

......................

1 .5 8 5 ,0 0 0

I K r S H S Ais | “ f

r^SsSS^SS'MkfS L r ^ S ^ & .,° Mar“n'
V ? 8 4 fS S ^

j P AS
p p e ? 0 bStecI ; E L b ! L

^

t

S

, 8*

,

M cG ow an :

^ h ^ r e ^ f n ^ l ^ T o ie m 0
Ashlan^ Lt

(5) Indianapolis Crawfordsville & Danville Electric Ry.
K a^ rn T W K
N i w n j i r i anCf /P fr
arm im i hi L ° >,l s t
N ov lo ld ^ S r
N ! v ^>1 9 1 4 t0 M a y

„ 1 9 1 2 w as leased t o th e T o rre H a u te rn d ia n a p o lis &
^ 9 yearsU n der th e lease the la tte r c o m p a n y gu aran -

M - b ° n d s , 5 % d lv s . o n 3 20 0,00 0 pref. s to c k and sem i,r^ V « vi.z; ;
fro m N o v . 3 0 1 9 1 2 t0 M a y 31 1914, 1%
1919, 1 ^ % N o v . 1916 t o M a y 1918 an d 2 % th e re a fte r.
— I n c o r p . In In d ia n a on A p ril 20 1912 as su ccessor to
i a n a p ? ,ls C raw forsd vU le & W e s t. T r a c ., sold a t fo re clo su re . B u ilt
W ® ‘ y on P fly a to r ig h t -o f-w a y . In citie s and tow n s has 5 0 -y e a r fra n ch ises
w m cn p erm it th e ca r r y in g o f fre ig h t, express an d m ail m a tte r.

r w J OCK«£S[ ™!?ONDS— D a te .
In terest. O utstanding.
M a tu r ity .
M -N
3 4 0 0 .0 0 0
See te x t
S S K K ff l .f S S P *000 « 10° ) - ..................
P r e f $ 4 0 0 .0 0 0 5 % cu m (8 1 0 0 )_______
J -D
20 0 .0 0 0
See te x t
Pirst m t g e 3 2 .5 0 0 .0 0 0 g o ld ) 1912 5 g M -N
1.00 0 .0 0 0 M a y 1 1952
(3 1 .0 0 0 ) g u ar p & l_ _ c& r t f ) Interest a t G irard T r u s t C o . , P h ila ., T ru s te e
B on ds.— O f rom atnln g first m tg e . b o n d s, $ 1 ,0 0 0 ,0 0 0 are fo r exten sion s
an d $ 5 0 0 ,0 0 0 t o b o Issued o n ly under certa in c o n d itio n s . S u b j. t o call as
a w h ole b u t n o t In p a rt a t 102 H and ln t. o n a n y in t. d a y . S in k in g fu n d o f
3 9 ,0 0 0 per a nn um on Initial 3 1 ,0 0 0 ,0 0 0 b o n d s o u t co m m e n cin g M a r c h 1 1 9 1 3
W h en a d d ’ l b o n d s are Issued fu n d shall b e Increased b y su ch a m o u n t as will
retire^2-3^of^such a d d ’l b o n d s issu ed. $4 0 ,0 0 0 h e ld a liv e in sin k in g fu n d
J 5 A R N I N G S .— F o r ca le n d a r y e a r 1915, gross, $ 2 2 4 ,2 0 0 ; n e t , a fte r taxes
$ 5 9 ,3 6 7 ; o th o r in c o m o , $500; b o n d in terest, $ 5 0 ,0 0 0 ; sin k in g fu n d $10 5 3 3 :
d e fic it , $ 6 6 6 . In 1914, gross, $22 5,79 6: n o t, a fte r taxos, $ 5 7 ,4 7 0 ;’ o th e r inc o m o , $50 0: b o n d in terest, $ 50 ,000 : sin kin g fu n d , $ 9 ,0 0 0 : d e fic it , $ 1 030
R O A D .— O perates 4 3 .6 2 m iles o f road betw een In d ia n a p o lis a n d ’ c r a w fo rd s v illo .
Stan d ard g a u g e . 70 and 8 5 -lb . T rails. A n ex te n sio n fro m
C ra w fo rd s v ille t o w estern b o u n d a r y o f In d ia n a east o f C i t y o f D a n v ilio
I n d .. is p r o p o s e d .
O F F I C E R S .— P res., Jo h n J . A p p e l: V .- P ., R o b e r t I . T o d d - S e c & T r m «
J os. A . M c G o w a n ; G e n , M g r ., R o b t . I . T o d d . V . 9 4 , p . 144 9, 1 5 3 5 , 1 6 9 5 "
B R O A D R I P P L E T R A C T I O N — A ~ trolloy r o a d .
O R G A N I Z A T I O N .— O rganized as s u ccessor t o th e In d ia n a p o lis & Brnart
R ip p le T ra n sit C o . , sold a t foreclosu re J u ly 1899. T h e I n d la n a n o h s
Street R y . ow n s a b o u t 7 5 % o f s to c k , b u t o rg a n iz a tio n is so n arato
Hnlrt
is Jointly op era ted b y the tfn io n T r a c tio n C o . o f In d ia n a ^ a n T th e Indianan
oils T r a c t io n & T orm ln al C o .
STOCK AN D BON DS—
D a te .
In terest. O utstanding
M aU irin,
3 100 000 *
M a tu ™ VS to ck $ 100 .000 (p a r $ 1 0 0 )- .............................................
M t g $ 4 0 0,00 0 g ($1,000) c * n t f - f 18995 g J-J
% 0 0 .0 0 0 j f i f l F T i w S
Bonds.— A r e g u a r . p. * 1.
b o ca lle d . T h e I n d . N o r . T r a c . C o . (subSM U entfv AonsnHH ,
,c a n n o t
U n ion T r . C o . o f In d .) gu aran tees p . & i. o f L l f f$ 2 0 0 .0 0 o 1 o f^ h e bonds®
R O A D . 7 Vi m iles o f tra ck fro m In d ia n a p o lis t o B r o a d R ip p le P a rk
O F F I C E R S .— P ra s.. R o b e r t I . T o d d - S ec
Jos a
91,10 1 a r k E . B . P eck.
V . 6 9 . p . 180; V . 7 3 . p . 1 3 7 ,1 8 3 :’ V . 7 8 ,£ .‘ i m !
' T reasIN D IA N A P O L IS & C IN C IN N A T I T R A C T I O N C O .
O R G A N I Z A T I O N .— I n co rp o ra te d in In d ia n a on \ r n „ ' i 7 , 0 , 0
cessor to the old In d ian ap olis & C in cin n a ti T r a ^ C o ^ s A i T n t 9?1 0 a ? s u c '
N o v . 10 1910.
V . 91, p . 1385. 1025.
C o •, so ld a t fo re clo su re
In 1911 a cq u ired the In dian ap olis & S o u th ea stern T r a c C o t-ill nr
,
c o m . and 3 3 0 ,0 0 0 1 st M . b o n d s th e old In d ia n a p o lis & C in c in n a ti T r i r % , e
had ow n ed an d to w hich c o m p a n y th e In d . & S o u th ea stern w as le a s e d )'L d can celed its c o m . s t o c k . V . 9 2 . d . 8 8 1 9 5 6
PHvoVn
l~ leased) and
cities and tow n s . C o u n t y franchises1 p e r p e t u a L Fran ch ises T n ^ R i c f a V 'i

C ,lnC,,M

t e

,80“ *, f n d i S o l i k T r a « i o n aJ o a te r b ° m erged W ,t i th e

Ind & S E 1st M $ 1 ,0 0 0 ,0 0 0
gold ( $ 1 ,0 0 0 ) ..............................
In d S h e lb y v & S o u th e a st 1st
M .‘5 5 0 0 .0 0 0 *; ($ 1 ,0 0 0 ) s f „
t
( ,: in - T r a c 'p r e f . 'i s e n titled t o 'n o ii-c u 'm . d i w o ? 2 °< 7 u
J u ly 1 1911. then increasing 1 % y early to J u ly 1 19 L3; t h e r e a f t e r ? ^ until

per
s ivid
i a ernid. d
, ka te . ”* &s“e'e
,% V
• .*8 1 .‘ p 7 i 3 7 5 t | r“ “ " ' “ “
A accrued
i o s s s r ds lsv r- .on
a ,a n y
d
“- UU
Bonds.— In d . & C in . T r a c . 1st M . is d ivided into throo classes A 11 an ,i r<
C la ss A . $ 1 ,3 0 0 ,0 0 0 , all o u t; C lass B . $ 2 0 0 ,0 0 0 , n one Issued- a m i
n'
$ 3 ,3 5 0 ,0 0 0 ( o f w hich $ 1 0 0 ,0 0 0 o u ts t’g ) , reserved for extons.', Im p ro v e m ’ t s ’
*c.
E n tire series o f bon d s o f oach class Is su b je c t to call on or a fte r J u l v i
191 3 a t 105 an d ln t .
A s to priority o f different series, see V 9 2 p W
O f the $ 1 ,0 0 0 ,0 0 0 In d . & S . fe. b o n d s, 8 4 2 4 .0 0 0 is reserved tor prior lions
T h e y are s u b je c t to call on a n y in t. d a te a t 105 and In t.
O f th e In d . S h e lb y
s t o f c i n n 'r w 1a ; V i 0 on^lro '^ n o m a y bo called on a n y In t. d a to a t 1 1 0 .
A
mhir-hfh t t on tu CS0 bon d s or $ 1 0 ,0 0 0 per an n u m began J a n . 1 1 908 tor

<& ■

* & ! ? * * > *•105

h a v e been retfred b 0 Ca' Ied a t 1 0 5 ’ bli« ln l,ln « w lth low ost
Dividends. O n p re f. p aid In 1 9 1 1 . 1 J * % ; In 1 9 1 2 , 1 % .

s a a iH

Feb 1 1936

C o ^ g t o n f T r u iS S 8
. 1.000.000 s o f t I S t e o f i l . i S ' o . v . Bt% ° « ° c J
„rT ru S
B onds .— Remain Ing^lronwood f e
? Thompson o f Chic., Co-Trustee,

$ 7 6 ,0 0 0

8

OFF!
M u n c ie
s p o ils .
________ . uv..
956: V . 9 6 , d . 1297.

fromC6d% JerT ^ u S tT .annUm ln bClng pald on preferred (^creased in 1916

in I r o n w ^ ° g u r atey a7n^ GUe“ flo c a l r o a l f W

and a'S° ;Sbout ™ miles

l a ^ ^ T r ^ .^ A ^ ^ u l s ’w fiii^ s ^ B o s ’t o ^ .^ -V ^ f.^ '.'i^ s o ;'v ,/ 9Qte^ 1Q3 Asb~

ISHPEMING, MICH.

MARQUETTE COUNTY QAS & ELECTRIC CO.— A trolley road.
Indu”trial'^S^ytlonddle WeSt UtUltieS ° ° - wh,ch see In^ r "Railway and
O R Q ^ M I O N . — Incorporated In Maine on N ov. 19 1906 as roorfore»losure°f V ° & arquet.te County Gas Li« ht.& Traction C o., sold under
N e S e e eAndVish8
p3Am‘lngW37' DO0S gaS and electr,c-'ight busI« ^
*

s

s

g

s

x

i &

J S S & c W iS r

10to

ishp“ ,,,s -

OoSm 5 S V 5 0 . 0 0 0 ? » 5 S l t : . .
° “J S i o o « J u
Monthly
25 000
S v -'.eS
Pref 6% cum $250,000 ($ 100) ____ I
m o o o f S1-000-000 Kpldl iOH) 6J-J *
379.000 J a ^ f i o l o
.c * t f / Int, at First Tr. & Sav Bk., Chic., Trustee.

IshpeminAT^PerateS 4J4 mUeS ° f track ,n aad betW00a Negaunee and
T Sy
V L ’ .E ’ M yers: v --p -- M . J. Insull; Gen. Supt.,
i r J ? ,dM cP ^ gS1.1.’ IshJPenilng; Sec. & Treas., W . H. I>. Weston, 1117
Monadnock Building, Chicago.— V. 91, p. 1767; V. 94, p. 279, 351.

ITHACA, N. Y.

ITHACA TRACTION CORPORATION.
M "7rnCOrP ’ ln N> Y - M ar- 30 1914 as successor o f the
-ci?f?, ,St TOt.K y’ spM at,foreclosure under bondholders’ reorganization plan!
rhp now co. is controlled by the Central N. Y. Southern Ul{ Corn an aN
r<S«st nrv?ir0a? Vby ownership of all the ($400,000) outstanding stoc^'knd til
($488,000) outstanding 1st & ref. bonds. The Central N. Y. Southern RR
Gor.P- ,'s » reorganization of the New York Auburn & Lansing R R. and fa
f
: Common stock, auth.. $1,275,000; outstanding

‘ S S S K to’
M “ “ r" u1Stic ref M $ 2 ,0 0 0 ,0 0 0 , g . red
w ,5 £ ' °
* 4 8 8 .0 0 0 A p r 1 1 9 6 4
an y ln t d a te a t p a r & in tc *tf
C o lu m b ia T r u s t C o . , N . Y . . tru stee.
Ith a ca S treet R ailw ay 1st M
1892
6 J -J
1 7 5 .0 0 0 J u ly 1 1 922
„ $ 1 7 5 ,0 0 0 ........... .....................t f
jLiiif.
I n t . a t F a rm ers L o a n & T r C o .. N . Y .
2n d M $ 7 5 ,0 0 0 ......................t f . . 1894
6 J -J
7 5 .0 0 0 J u ly 1 1 9 2 2
C a y u g a L a k e El R y 1st M . t f 1894
6 J -D
2 5 .0 0 0 J u ne 1 1 9 2 2
♦ A l l ow ned b y th e C en tral N . Y . S ou th ern R R . C o r p .
hr
M W
re,f; m t8 0 -, 6 s . $ 4 8 8 ,0 0 0 are Issued an d are all ow n ed
S.3! 1? 0
X - S o - , R em ain in g b on d s are reserved for fu tu re req uire­
m en ts, Including th e retirem en t o f th e three u n d erlyin g prior lien as a b o v e .
E A R N I N G S . — F o r years en d in g J u n e 3 0 :
dune 3 0
Oper’g Net (after Other
Bond
Other Balance.
, T e a /—
Revenue. Taxes). Income. Interest. Dcduc. Surplus.
J 9 1 5 - 1 6 ...................... - . - $ 1 9 3 , 9 0 2 $ 5 0 ,4 3 5
$ 1 ,1 3 9 $ 3 8 ,6 5 2
$ 1 ,9 1 4
$ 1 1 ,0 0 8
9 B e A n — 5 ------------- 1 8 6 ,4 9 8 4 0 .7 9 5
5 ,7 0 0
3 4 ,7 6 0
1 ,1 5 7
1 0 ,5 7 8
O F F r r 'F ^ . wnSpa Ld ° H
^
. ; 4 9 m ile s o f tr a c k .
R a ils, 8 0 -I b . “ T . "
i *—
5*
W illia m s J r ., I th a c a , N . Y • i s t V -]>
H W
C V- P3 d V U<p etS ^ ' l : h 2 d V ^
’ C„hasA’ E -, H o tc h k iss, 3 4 N a ssa u S t.’. N . Y .
V', y , y d v - - 1 -. s e c . & G e n . M g r . . H . A . C la r k e . Ith a c a ; T r ea s
Asst G en
M g r . & P u r c h . A g e n t , T . P . C la n c y , I t h a c a .— V . 9 9 , p . 6 3 8 .

JACKSON, MISS.

JACKSON LIGHT & TRACTION CO.

C o n tr o lle d b y A m erican P u b lic U tilities C o .
e i i ^ , G ^ J , ZA TJ O N •— In c°,r p : ln M is s , in M a y 1912 to c o m b in e local g a s ,

c o sm1S .°n K» ^ . S . g S N( ? f c - “ “ :
P re f 6 % cu m $ 600,000 ...............__
..............
5 20 00 0 ---------------F irst m tg e $ 2 ,5 0 0 ,0 0 0 g o l d f 1912
5 A -O "
8 n9 800 A n V l f j 'f q 5 5
l ? 199, $50 0. $ l ,0 0 0 ) s f.c * t f /C h i c a g o S avin gs B a n k & T r u s t C o ! . T r u s te e .
Bonds.-— R em ain in g bon d s are fo r im p ts .. a d d ’ns and e xten s und er c e r ­
tain restriction s
S u b je c t t o call o n a n y in t. d a te on o r a fte r April 1
P . 1 4 m t n 2 ‘? ancl i n tl
'S l' lkl'i g f u n d o f 2 % o f b o n d s o u t b egan F e b . 1 191 4!
J 1566
an d
N ' Y ' ° f f 06 ° f P ’ W ’ B ro o k s & C o -- I n c .
See V . 9 4 ;
E A R N I N G S .— F o r 12 m o n th s e n d in g Ju n o 30:
.~
G ro ss.
E x p . & Taxes.
N et.
Interest
S n rn lu«
............. SI 8 7 ,238
$ 1 0 0 ,8 0 5
$4 4 ,4 9 0
$56^315
Si i n l n " n - ‘29? 7 1 1 n
,^ 0 0 ,8 2 6
8 9 .2 9 2
4 5 ,4 8 5
4 3 ,8 0 7
- f q i
v or
S tA n d a r d g a u g o .
18 passen ger ckre!
v . 9 4 , p . 1566, V . 9 8 , p . 1244; V . 101, p . 773 ; V . 103, p . 4 0 6 , 6 6 6 .

JACKSON, TENN.

JACKSON RAILW AY & LIGHT CO.

IRONWOOD, MICH
IR O N W O O D & BESSEM ER R A IL W A Y & L IG H T CO
O R G A N I Z A T I O N . — In co rp orated in W isc o n sin
i - '. . . . , . ,
, , ,
lig h t, pow er an d street railw ay business in A sh la n d L n n
Si t *l? olcctrlc
H u rley an d G ile ; th e gas b u s lu ^ s i S
pantos in Iron w oo d an d H u rlo v .
A ls o o w n s aom o o f d i « ™ SU.PP yi co,n? '
n a tu ral w a te r pow ers In W is c o n s in . T
h ^ r S ^ ^ ^ g ^ ^ “ ?
o p erated b y th e c o m p a n y , the last bein g p u t in op eration In A la r c h I o m
franchises In Iron w oo d an d B essem er expire in 1 9 4 1 . I n W l s c o r S n o n e r'
ates under in d e te rm in ate fran ch ise.
W iscon sin o p erln J a n . 191 3 increased Its a u th . p re f. sto c k from $ 2 0 0 ,0 0 0 to $ 4 0 0 ,0 0 0




O R G A N I Z A T I O N .— In co rp o ra te d In T en n e sse e In J u ly 1906 and Is sn eh fu m
& s n bu rban Street R a ilr o a d C o . Fran ch ise expires

10

in a d d itio n to s t S t ra ilw a y !
aCr0S'
1Igbtlng an d P° w er bus^ 0ss
STOCK A N D B O N D S D a te.
In terest.
Outstanding. Maturity.
C o m m o n $ 60 0,00 0 ($100)
3 4 5 0 .0 0 0 ......................
P referred 6 % c u m . . .
100 .000 ...............
Ft™t m tg e 360 0 .0 0 0 (Sl.O O O ji 1906
5 g 'J - j '
Jan
4 9 4 ,0 0 0
Jan ,1 lq
1937
N °s f.
R ed eem a t 105. . c /C o l u m b l a T r u s t C o . . L o u is v ille T ru s te e
F T i m r m n ^ dS i7"? 1 -()0,° c o m ’ an d $ 6 ,0 0 0 b o n d s are held In tre a su ry .
b A A S I N « S ’~ r ° r eca,len‘.,.ar y ear 1914, g ro ss, $ 1 1 9 ,2 3 4 : n e t, $59 113
O A D .- O p e r a t e s 6 .2 m iles o f tr a c k . 6 0 -lb . rail.
a
J
O ° , iA/ E R S ’T 7 I>re?^- 1Iarry W eissinger; V .- P . A G e n . M g r ., S. S . B ushS e c. & T r e a s ., G e o . W . L ew is, all o f L o u is v ille , K y . — V . 8 3 , p . 9 5 .
’

JACKSONVILLE, FLA.
J A C K S O N V IL L E T R A C T IO N C O .-T r o t lo y .
„
O R G A N I Z A T I O N .— I s a re -in c o r p o r a tio n In M a s s , in M a r c h 1911 ( V .9 2 .
p . 881 ) o f th o J a c k s o n v ille E le c . C o . . w h ich w as a co n M U d a tlo n o f pth e J a ck
so n v illo S t. R y . C o . , th o M a in S t. H R . C o . a n d the^JactaonvIU e E le c .L t .C O ;
citnplr n f nlrl c o m n a n v w as e x ch a n g e d , share fo r share, fo r s t o c k or new c o m
p a n y . M i d w a y W c h ^ S e s Tn 1932. D o e s en tire e le ctr ic ra ilw a y b u s ­
iness in J a c k s o n v ille . $ 3 5 0 ,0 0 0 c o m . s to c k is h e ld b y F u b . S c tv . .I n v a st. C o .
O n F e b . 28 1914 sh areh old ers a u th o riz e d S5 0 0 ,0 0 0 aciaition al pror. an a
3 5 0 0 ,0 0 0
a d d itio n a l c o m m o n , m a k in g 3 1 .0 0 0 ,0 0 0 p r e f. a n d $ 1 ,5 0 0 ,0 0 0
c o m m o n . V . 9 8 . p . 763 , 6 9 0 , 611 .
STOCK AN D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n 3 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) - - ------Q *g
non A n l Mfi I f
P r e f 6 % cu m $ 1 .0 0 0 ,0 0 0 (3 1 0 0
6 Q -F
5 0 0 .0 0 0 M a r ' 1 1931
F irst c o n s o l m tg e $5,000,000 1 1911
5 M -S
B o sto n Tr'iis
($500 and 3 1 .0 0 0 )____ c * t f | ln t . a t S ta te S t r w t T r u s t C o . , B o s ^ . l r u s .
J a 0 0 0 °g o ld ‘ ( 3 L 0 0 0 L . c ^ C n t fI In ?, a t A m e rica n T r u s t C o ’ B o s to n Trustee^
S t l t o i t . T ru st
S S . « , T r u s t s ..
S to c k __ $100 000 c o m m o n s t o c k n o t r e p o rte d o u ts ta n d in g h e ld In tre a su ry .
Bond's.—- O f the 1st c o n s o l, b o n d s, $ 1 ,2 4 5 ,0 0 0 are reserved t o retire J a c k ­
so n v ille E le c. 1st M . an d $ 2 ,9 0 5 ,0 0 0 are fo r a d d itio n s a n d im p ro v e ­
m e n ts a t 8 0 % o f c o s t . S u b je c t t o ca ll as a w h o le o r in p a rt fo r sin kin g
fu n d a t 105 a n d in t. S in k. fu n d . 1 % per an n u m o f b o n d s o u t begin s M a r . 1
1917
V . 9 2 . D. 1564. J a c k s o n v . E le c . C o . b o n d s are s u b j. to ca ll as a
w h o le a t 105 a n d in t. o n a n y in t. d a te . A sin kin g fu n d o f 1 /0 a n n u a lly o f
b o n d s o u t co m m e n ce d M a y 1 1 9 0 7 . w h ich m a y
u se d .^ L p * itu n q ^ M im n o r i
o r in p u rch a se o f b o n d s. $ 5 ,0 0 0 b o n d s h a v e bo o n c a n c e le d ,
lh o coupon
n o te s are c a lla b le as a w h o le a t 100 an d in t. o n 30 d a y s n o tice .
D ivid en d s.— P a id 1V2 % q u a rte rly o n p re fe rre d t o M a y 1915;! in A u g . o n ly
VC % w a s Daid ancl sam e r a te Quar. s in ce . O n o ld E lectric C o . com * b To an n .
fr o m A u g 1 1905 t o A u g . 1 1910. w h e n ra te w a s ^ c r e a s e d t o 7 % a n d sam e
a m t . p a id t o F o b . 1911. O n now T r a c t io n C o .
I n itia l cUv.— 1 M %
p a id in M a y 1911; sa m e ra to a u a r. t o an d in c l. N o v . 1914. N o n e s in co .
E A B N iN O S .-F o r n

m o ,, o u d lu g J u n e .3 0 ;

4 C ._ F d s .

s

R O A D .— T o t a l le n gth o f all tr a c k , 25 m iles, e xte n d in g fro m J o lie t t o
C h ic a g o H eigh ts. 6 0 -lb . T rail; sta n d a rd ga u g e.
O F F I C E R S .— P r e s ., J o y M o r t o n , C h ic .; V .- P ., R o b t . T . K e lly , J o lie t ,
S ec. E H. Stearns, C h ic .; T r e a s ., D a n iel P e te r k in , C h ic .; G e n . M g r ..
F . C . E c k m a n n , J o lie t .— V . 9 9 , p . 1832.

T h i^ is ? h e d i v i s i o n ^ t h o fo rm e r JoO et & S ou th ern T ™ w ^ li.V ch a se d ' b y
fr o m Jo lie t t o A u ro r a , 20 m iles, a n d 2 m iles o f tra ck in J o lie t P u rch a sed b y
th e b o n d h o ld e rs ’ co m m itte o a t fo re clo su re sale in ^ . 1 9 1 4 .
I t Is b e in g
o p e ra te d fo r the b e n e fit o f th o b o n d h o ld e rs . F o r t b e d iv is io n o f th e o ld
Jo lie t & S ou th ern T r a c . C o ., e x te n d in g fr o m J o lie t t o C h ic a g o H e ig h ts ,
see J o lie t & E a ste rn T r a c t io n C o . a b o v o . I r e s ., 1 . K . S h ra d e r, C h ic a g o ,
G e n . M g r ., R . A . M o o r e .
_______
R i O O W I N G T O N P O N T I A C & J O L I E T E L E C . R Y — A tr o llo y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d in 1903. P r iv a te rig h t o f w a y e x c e p t
In citie s , w here fra n ch ises run 50 y e a rs.
STO C K AN D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k 3 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )--------- - - - -~ -j-5
Q m ’ inn q'enV 1*1935
F irst m o rtg a g o $ 2 ,5 0 0 ,0 0 0 g l 1905
5 g M -9
C h ic T r
/.a in i «Knn and
000)
f ln t . at C o n t. & C o m m , l i . ocjs. ij ., u n i c . , u *
I n t . o n b o n d s is gu a ra n te e d fro m M a r . 1 1916 b y th o P u b lic S o rvlco C o r ­
p o r a tio n o f N o r. III.
O FF’ r n R R S — Pres
F ra n k .T. R a k er; V . - P . , C h a s . A . IVIunroe, S e c .P a u l D . S e x to n ; T r e a s .. J o h n H . G u lic k , all o f 72 W . A d a m s S t ., O W cagO .
111. O ffic e a t P o n tia c , 111.— V . 8 5 , p . 1 0 0 4 , V . 9 0 . P - - 3 5 , V . J b . p . 05 1 .

,,

* 1 9 5 .1 6 6
$1 6 3 ,9 8 9
S{ o ’4?o
$3 1 6 7 2
1 9 1 5 -1 6 -------$ 6 1 5,18 1
1 9 1 4 - 1 5 ____ 6 4 5 ,2 8 3
197 ,715
153,593
12,450
31,b< 4
R O A D .— O p era tes 5 5 .8 9 m iles o f tr a c k . H as 118 ca rs . G a u g e 5 fe e t.
P o w e r p la n t c a p a c it y , 2 ,4 0 0 k . w .
O F F I C E R S .— P r e s ., G e o . J . B a ld w in , N o w Y o r k ; V . - P s ., C h a s I .
W a lla c e a n d H a r ry H . H u n t; T rcas... H e n ry B - S aw yer; S ec. A lv a h K .
T o d d ; M g r ., H a r d y C r o o m , J a c k s o n v ille , F la ., G e n .
S to n o * v,?!?
ster M g t . A s s n ., B o s t o n .— V . 92, P* * 8 1 , 1564; V . 9 7 , p . 117; V . 9 8 , p . 611 ,
6 9 0 , 763 ; V . 100, p . 308 ; V . 101, p . 288 ; V . 102, p . 1625

JAMESTOWN, N. Y.
J A M E S T O W N S T R E E T R A I L W A Y . — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d O c t . 18 1883. F ran ch ise runs till 1982.
STO CK A N D BON DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k 325 0 ,0 0 0 (p ar $ 5 0 )--------- - - - ------S 2 o 0 .0 0 0
........
6 g J-J
, ? ? 0 . 0 0 0 YJ aA ,2 192(
F irst m o r tg a g o $ 3 0 0 ,0 0 0 g o l d ! 1893
( 5 1 , 0 0 0 ) _________________ c * / I n t . a t G u a r a n ty T r u s t C o . , N . Y . , t r u s t e e .
C u rr e n t liab ilities Ju n e 30 1915 ------------------13 2 ,2 o 0 --------------E A R N I N G S . — F o r y e a r e n d in g Ju n o 30 191 5 , ^ ° s s : * 5 6 6 ,6 7 8 ; n e t, $59 ,
4 0 0 ; oth er in c o m e , $ 2 3 ,0 3 4 ; ch arges an d ta xes, $ 1 0 3 ,0 1 3 , d e fic it , $ 2 0 ,o 7 J .
R O A D .— O w n s 2 6 .5 4 5 m iles o f t r a c k , 55 c a r s , 2 sw e e p e rs.
O F F I C E R S .— P r e s ., A . N . B ro a d h e a d ; S e c. & T r e a s ., S . B . B r o a d b e a d ; G e n . M g r ., G . E . M a l t b y , all o f J a m e s to w n .
C H A U T A U Q U A T R A C T I O N C O .— A tr o lle y ro a d
O R G A N I Z A T I O N .— In c o r p o r a te d in N e w Y o r k o n M a r c h 7 190 3.
c o n t r o lle d b y th e sa m e in terests as th o J a m e sto w n S tre e t R y .

KANSAS CITY, KAN.

r s g s a
u S i S B . " ‘■ a ™ * S ' U f e c S W
t o T o p e k a , 26 m ile s b e y o n d L a w re n ce . C o n n e c tio n is m a d e
stre e t r y . sy ste m o f K a n sa s C i t y . Fran ch ise in L a w re n ce e x te n d s
STOCK AND BONDS— D a te.
In terest. O idsiandinff.

Stock, *1,500.000 ($ 1 0 0 )----- - - - -

a

5S^nnf )

u ..t e n d
w ith th o
t o 1946.
M a tu rity.

A u g 'l ‘ 1924

rin nds__ T h e issu an ce o f fir s t m tg o . b o n d s fo r th o c o n s tr u c tio n o f th e
ro a d is lim ite d to * 2 0 ,0 0 0 p or m ile; a d d itio n a l b o n d s m a y o n ly b o issued
fo r 9 0 % o f c o s t o f im p ro v e m e n ts , b o tto r m e n ts , a d d itio n s an d ex te n sion s,
u n d er c o n s e r v a tiv e re strictio n s.
R e d ., a ll o r p a r t, a t } lV nlT tml tn'<S°12 500
in t. d a te o n 60 d a y s ' n o tice . T h e g e n . m t g . b o n d s a io lim ite d t o $ U ,o 0 0
p er m ile .
V . 102, p . 1625.
E A R N m O S - Y e a r s o n d h ig Ju n e 30:
Jntercst.
Surplus.

iB iT f-- « S

M l#

*11:518

‘f e

And
C II. R e a d . O ffic o , F ir s t N a t . B a n k B ld g ., K an sas C it y , M o .
_________
m
V . 102 , p . 1625, 216 6.

KANSAS CITY, MO.
KANSAS C ITY RAILW AYS.
on °F ob “

rm

™

&

^
k

S S ' o IW

L ig h t

Is

K a n ; uoD u lation s e r v e d , o v e r 4 0 0 ,0 0 0 .
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity . #, n,l R o se d ale
^fJrdinahce ^
— ‘T h o e x clu s iv e 3 0 -y o a r fra n ch ise g ra n ted
-------* 5 0 0 -0 0 9 . - - - . r y T S q i
S to c k $50 0 ,0 0 0 (3 1 0 0 )----- - - - - - - b
v
K
a
n
sa
s
C
it
y Ju” y 7 1914 fix e d th o ca p ita l v a lu e ot ^ o p r o p e r t y in
F irst m tg o , $ 6 0 0 ,0 0 0 . g o ld ] 1904
5 g A -O
6 0 0 ,0 0 0 A p ril 1 1 9 3 4
M is s o u r i at * 2 5 ,6 4 8 .8 0 6 , p lu s ca p ita l a d d itio n s a fte r Ju n e 1 191 3. (V a l( $ 1 , 0 0 0 ) ___________________c l l n t . a t T it le G u a r . & T r . C o . , N . Y . , T r u s te e
n a tio n p la c e d o n p ro p e rtie s in M is s o u r i an d
°fo /th v fith ° u n d er
C u rr e n t liab ilities Ju n e 30 1915 -------------5 8 4 ,6 8 0
-------in c lu d in g $ 1 0 0 0 ,0 0 0 now m o n o y t o b o p r o v id e d fo r fo rth w ith u n d er
Bonds.— N o sinking fu n d an d are n o t s u b je c t t o c a ll.
reorga d z a tlo n pla n , 3 3 3 .4 1 2 ,0 2 6 .)
O n this a m o u n t th o c o m p a i y is t o reE A R N I N G S .— F o r y e a r e n d in g Ju n o 30 1916, gro ss, $ 1 5 4 ,4 9 1 ; n e t,
ce ?v o a 6 %a cu m u la tiv e , a n y b a la n co o f e arn in gs, a fte r th o a p p lic a tio n o f
$ 3 8 ,3 1 8 ; oth er in c o m e , $ 1 ,2 2 4 ; taxos an d ch arges, $66 ,8 7 2 , d e fic it . $ 2 7 ,3 3 0 .
36 300 000 o f su rplu s earnings t o a d d itio n s anil e x te n sio n s, t o b o c n .d it e d
N o t less than 1 6 %
R O A D .— O p era tes 26.7 3 m iles o f tra ck fro m L a k e w o o d , w here c o n n e c ­ 1 tw o -th ird s t o th e c it y a n d o n e -th ir d t o th o c o m p a n y
tio n is m a d e w ith th e Ja m e sto w n S t. R y ., t o M a y v ille . th ero c o n n e c tin g
w ith th e P en n sy lv a n ia R R ., an d t o W e s tfie ld , N . Y . , c o n n e c tin g th ero w ith
«
r t t g T S /s 0
th e L a k e Shore7* M ic h . S o . a n d th o N . Y . C h ic a g o & S t. L o u is I t y ., and
fr o m W estfield t o B a re e lo n a -o n -L a k e E rie. S tan d ard ga u g e, 8 0 -lb . r r a il. I ^ / c h i l d r e n b l t ^ n l w d ™ ? . “ T h e ^ cT tV ^ iu 'h a vo th e V V g h A o p u rc| a se the
O F F I C E R S .— P re s ., A . N . B ro a d h e a d ; V . - P . , W in . B ro a d h e a d ; T r c a s .,
S . B . B ro a d h e a d ; S e c ., W . R . R e y n o ld s ; M g r .. G e o . E . M a lt b y ;
i MM t o b S u n c t o r m o S u p e r v i s i o n ‘o f?a B o a rd ^ ^ f o L h W t y ^ O R y ^ s o
K e a lv fo r th e R a ilw a ys C o . a n d R o b e rt J . W o o d s tor th o c it y - w il y aw o
n om in a tes 5 o f the 11 d ir e cto r s . Soo fra n c h is e o r d in a n c e in d e ta il in V . 9 9 ,
JERSEY CITY, N. J.
|p . 196, a n d also V . 9 9 , p . 119.
P U B L IC S E R V IC E C O R P O R A T IO N .
„
C apitalization Outstanding or to Be P resently Issu ed .
See sta tem en t an d m a p u n d er N e w a r k . N . J .
STOCK AND B O N D S D a te.
Interest. Outstanding. 8 M a t u n lii.

JOHNSTOWN, PA.

fl-f

mZ

!8U

J O H N S T O W N T R A C T I O N C O .— A tro lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p . in P e n n sy lv a n ia on ^ e b - 24 1910. W a s
In corp ora ted orig in a lly t o ta k e a lease fo r 18 years fro m J a n . o 1910 o f the
J oh n stow n P a ss. R y . fro m tho A m e rica n R y s. (P h ila .).
In J a n . 1914 tho
J oh n stow n Pass. R y . an d th o J o h n sto w n I’ ra c. C o . w ere m e rg e d u n d er th e
title o f tho J oh n stow n T r a c tio n C o . , t h e A m o r ic a n R y s . C o . h a v in g so ld Its

1 « m t . o g o l d ............
2d M (* 5 .2 9 1 .0 0 0 )a8 o r « A . .

*n VioW ers o / t h ^ J o l m s t o w n co lla te ra l 5s o f A m o r. R y s . h ad th e p riv ile g e
(u n til Jan . 15 1914) o f e xch a n g in g their b o n d s for- th e new 1st & re f. 5s o f
th is c o m p a n y (see A m erican R a ilw a y s u n d e r P h ilad elp h ia ) , p r a c tic a lly
a ll a v a iled o f th e priv ile g e .
M a tu r ity .
STOCK A N D BON DS—
D a te.
In terest. O utstanding.
* 8 7 5 ,0 0 0
C o m m o n $ 1 ,0 0 0 ,0 0 0 p ar $ 5 0 - . ------------------1 ,0 0 0 ,0 0 0 .................... P f * 1 ,000,000 7 % cu m ( $ 1 0 0 ) . - - - ------­
2 .0 0 0 .0 0 0 J u ly 1 1943
F irs t & r e f M $ 5 ,0 0 0 ,0 0 0 s f ] 1913 _ 5 g J-J
($’500. $ 1 ,000)” g o ld - ,c * n t f [ L o g a n T r u s t C o . P h ila d e lp h ia , T r u s te e .
3 9 9 ,0 0 0 D e c 1 1929
n n sP
s i’ a s s ity
vi,4
ou u ,u u u i 1899
lo a - j
4
J -D
Jlo
oh
R y com
con M
,$800,0001
g (31,000) red a n y in t d a y c * t f ) I n t. a t G u a r a n ty T r . C o ., N . Y . , T r u s te e .
J oh n s Pass R y r e f M $2,0 0 0 .-1 1901
4 g J -D
1,6 0 1 ,0 0 0 D e c 1 1931
000 g o ld ($ 1 ,0 0 0 )___ c * n t f j I n t e r e s t a t J o h n sto w n T r u s t C o . , T ru ste e .
Bonds.— O f th e first & re f. m tg e . 3 2 ,0 0 0 ,0 0 0 are reserved t o re tire Jo h n s­
to w n Pass. R y . 4s; th e rem ain d er (3 1 ,0 0 0 ,0 0 0 ) reserved fo r fu tu re exten
s ion s, & c.
R e d . a t 102 an d in t. Sinking fu n d o f 1 % a n n u a lly fro m O c t .
1917 t o O c t . 1942, in c l. O f th e J o h n sto w n Pass. m tg e . o f 1901, en tire issue
m a y b e ca lled a t a n y tim e a t 105 u p o n six w eeks n o tice .
E A R N I N G S .— F o r ca le n d a r y e a r 1915, g ro s s , $65 6 ,9 0 9 ; n o t, a fte r ta xes,
* 3 1 4 ,7 9 6 ; b o n d in terest, $18 0 ,0 0 0 ; su rp lu s, $ 1 3 4 ,7 9 6 .
R O A D , & C .— O w n s a n d o p e ra te s u n d er p erpetu al ch a rte r an d fra n ch ise
th e en tire street ra ilw a y sy ste m o f J o h n sto w n , P a ., and v ic in it y ,
lo ta l

o a r v a fu o f ^ r n i s t o e s fo r th o s t o c k are R o b e r t J . D u n h a m anil C h a rles W .
Tf
n r o v id o d th a t w h o n o v e r a c o r p o r a tio n ca n b o la w fu lly
A r m o u r . I t is i
shares o f n o s p e c ifie d p a r v a lu e , w it h a u th o r ity
fo rm e d w ith pre •
_ alJo t jier c o r p o r a t io n as its assets, th o tru stees shall
t o ta k e over. t h « .s t o c k ^ a n o t ^ c o r p o r a ^
th o st0CL lu th eir c u s t o d y ,

tF£0 F I N C E R 5 !— P res., E . M . d u P o n t .— V . 9 0 , p . 698 , 849 ; V . 9 2 , p . 187:
V . 9 7 . p . 1823; V . 9 8 , p . 155.

JOLIET, ILL.
J O L IE T & E A ST E R N T R A C T IO N C O .
............
O R G A N I Z A T I O N .— T h is c o m p a n y , in c o rp . In 1914 in Illin o is, repre­
sen ts th o reorgan ized p o r tio n o f th o J o lie t & S ou th ern I rac. C o . , o p e ra tin g
betw een J o l ie t a n d C h ic a g o H e ig h ts . T h is p r o p e r ty w as ap p ra ise d b y th o
Illin o is P U . C o m m ., w h ic h a u th o r iz e d s to c k t o b o Issued to th e a m o u n t o f
$ 2 6 9 ,0 0 0 and a d d itio n a l $ 3 1 ,0 0 0 fo r ca sh re ce iv e d .
T ho c o m p a n y is c a p i­
ta liz ed fo r $30 0 ,0 0 0 (s to c k ). N o b o n d s.
STOCKD a te.
In terest.
Outstanding.
M a tu rity .
S to c k $ 3 0 0 .0 0 0 ..................................................................
$30 0,00 0




1915

S ^ l d ^ f e w e d V S t t e s lnfc' ^Nm

S S S S S fflr e S S S S “

“ A W cS ,
7
L o o o i o o o J u ly 7 1944

0 J -J

5Y ° r k STOUt e x ? ° ' ’ s^ e t o x t ^ J u ly >

b l 1S S f f l

1944

™ la c o d by , ,„ r

wo^n iisim d u n d lr p la n in re tire m e n t o f se cu ritie s o f predecessor c o s ., a n d
nnnrw io to^ o r o v u S i fo r r e c e iv e r ’s c e r t fs ., ca sh req u irem en ts o f reorgan iS-LOOU.UUU t o p ro \ m e m 1
«u 7 1 4 2 0 O b o n d s are p le d g e d as s o cu rity

^ i iL S
o nnn
cr 0
non
nn,i
o KS5
(0a
n iT310
s H Lnon.
O O tr ' iIn
n tt.. p a y a b le in N . Y . ,
C h ic a g o o r K ansas C i t y 'C a l l a b l e as a w h o le o r
and ^nt on
?>n y i r i m e l f f o 11 ^ S e e ^ S 1 0 2 t p ° 2 2 5 4 rilSL °s to d V m ISL Y .°8 h 3 c 'k ^ E x c h a n g a.V S"
^ S ^ d W t a a f f f ^ n ^ I ' a ^ k l i i g fu n d o f 310 5 ,8 2 0 per a n n .. w h ich
h ^ r t u D e f ^ e d 's ^ u r ^ -

S c h a n g e f o r all a p p ro v e d

n n i? n n f S f n o t ’ e a m K .
N o t a lion o n p h y s ica l p r o p e r t y , b u t
statu s shall be, as again st ow n ers o f th o s t o c k , su b s ta n tia lly sim ila r t o th a t
0t D ie h /r n(H°— A iT hi it ial d iv . o f $2 50 o n th o p r o f, b e n e ficia l ce r tific a te s
has been declared p a y a b le O ct. 1 1916.

«

*|M

P R O P E R T Y .__ O v e r 300 m iles o f sin g le tra ck e q u iv a le n t, a b o u t 7 o %
p a v e d - rem ain d er o n brid g e s o r p r iv a te r ig h t -o f-w a y ; 2 p o w e r hou ses, c o m c a n a e R y 60 00() k w .. a n d 9 s u b -s ta tio n s ; 675 m o t o r ca s a n d tra llers in a d d itio n t o w o rk ca rs.

t
r °A^S a n d O F F I C E R S .— R e p re s e n tin g th e c o m p a n y : R o b o r t
1,'la;*1. , (V ' 1^ o s - -fc^ D hairm an), C h ig a g o ; P h ilip J . ICealy (P r e s .),
J am es E . G ib s o n (G e n . M g r .) , C ly d e T a y lo r (G o n ’l C o u n s e l), C h a rles W .
i t o i P 00^ 0 .§• H o v o y , a ll o f K a n sa s C it y , M o .
R ep resen tin g
th e c it y . W iU iain 1 . K e m p e r, P ran k O . N ile s , D a v is M . P in k e r to n , Jo h n
' * a£ 5 er am l J ° h n I I . W ile s, all o f K an sas C it y , M o . J . A . H a rd e r is
S ec. & T roas.— V . 102, p . 88 6 . 2 2 5 4 , 234 1; V . 103, p . 66 6 , 938

K A N S A S C IT Y L IG H T & P o’ w E R C O .
{ Z A T I.ONA ~ 'I n c o r P- J a n - 3 1916 an d in F o b . 1916 t o o k o v o r
th e lig h tin g an d b o a tin g p ro p e rtie s o f th o K ansas C it y R y . & L t . C o . as
p o r reorgan ization plan . Soo V . 101, p . 61 4 , 689 , 162S. L ig h tin g fr a n ­
chises are p erp etu al.
,
o
t
u Po n C onsum m ation o f R eorganization.
at i /
A N D R O N D S .—
D a te .
In terest. O utstanding.
M a tu r ity .
S to c k (soo te x t,)
F irst m tg o red a t 103 a n d in t i 1915
5 J -J
$ 3 ,0 6 0 ,0 0 0 J u ly 7 1944
oi
i
I C o n t . & C o m . T r . & S a v . R k ., C h ic ., tru sto o .
2 d m tg o $ 1 ,9 1 7 ,3 0 0 rod a t p a r / 1915
6 J -J
1 ,917,300 J u ly 7 1944
a n d In terest------ -------------------\C ontral T r u s t C o ., N o w Y o r k , T r u s te e .
s to c k .— 1 tie c a p ita l s t o c k is in th o n om in a l su m o f $ 2 ,0 0 0 a n d is re p ­
resen ted b y 3 1 ,8 1 0 .3 c o m m o n a n d 3 1 ,3 5 8 .3 preferred p a r ticip a tin g c t fs .
o f n o p a r v a lu o . Joh n I I . L u ca s, T . J. C o n n o rs a n d O scar F e n le y aro th o
tru stees l o r th o s t o c k .
I t is p r o v id e d th a t w h en ever a c o r p o r a tio n c a n b o
la w fu lly fo rm e d w ith p ro f, an d c o m . shares o f n o sp e c ifie d par v a lu o w ith
a u th o r ity t o ta k o o v o r th o s to c k o f a n o th e r c o r p o r a tio n , as its assets, th o
tru stees s h a ll cau so o n e t o bo org a n ize d an d sh all turn o v o r t o it th o s to c k
in th eir c u s t o d y , th o b e n e ficia l ce r tific a te s t o bo ca n ce le d an d r e p la ce d b y
p r o f, a n d c o m . shares.
B on d s.— A d d itio n a l 1st M . b o n d s m a y b o issu od, w ith in t. t o b o d e te r ­
m in e d a t tim e o f issue, n o t t o e x ceed 6 % , fo r o x t s ., a d d ’ ns & im p ts ., o n a
fix e d ba sis. A sin k in g fu n d o n tho 2d M . b o n d s o f $ 3 8 ,3 4 6 por a im . fro m
n ot earnings oth erw ise a v a ila b le fo r d iv s ., begin n in g J a n . 1 1916. is ox n e cto d
t o retire issuo b y m a tu r ity . $ 2 0 ,0 0 0 in sin kin g fu n d .
D ivid en d s.— A n initial d iv . o f $ 2 .5 0 u p o n ea ch i>ref. p a r ticip a tin g c o r tific a t o has boon d ecla red , p a y a b le o n O ct. 2 1916.
E A R N I N G S . - G r o s s oarnings o f th o lig h t an d p o w e r p ro p e rtie s o f th o
K . O . R y . & L t. C o . fo r y ear e n d . M a y 31 1915, $ 2 ,5 1 3 ,4 2 4 - 1913-14
$ 2 ,4 0 8 ,7 3 6 ; 1912-13, $ 2 ,1 5 6 ,9 5 2 .
’
'
'
O F h N C E R S .— P r o s ., J o h n H . L u ca s; S e c. & T r o a s ., U . J . C la r k .—
V. l U o , p . I12J<

K A N SA S C IT Y C L A Y C O U N T Y & S T . JO SEPH R A IL W A Y C O .
R eceivership.— I. D . H oo k and J . G . L . I la r v o y w ore o n J u ly 14 1 9 1 5 a p ­
p o in te d receivers b y J u d g e B ird o n a p p lic a tio n b y tho In te rsta te Ity C o
w h ich o n J u ly 5 1915 w as a w a rd e d a v e r d ic t fo r $ 1 ,5 0 0 ,0 0 0 a g a ia st th e c o m ­
p a n y a m i th o esta te o f G e o rg e T o w n s e n d b y a ju r y in tho C ir c u it C o u r t ,
In th e su it b r o u g h t b y th e In te r -S ta te C o . It w as a lleg ed th a t th o d o fe n d a n * ^ ° ™ P a a y *.lad b u ilt its lino bo tw e o n K an sas C it y an d S t. J o so p h on
a p a r t o f th o r ig h t-o f-w a y o b ta in e d b y th o p la in t iff ( V . 100, p . 130. 2 8 8 ).
T h o c o m p a n y has ap p ea le d fro m th o v e r d ic t.
^ 0 R ? A rN r Z ^ r.Io0^ - - r - In c ° rP- in M is s o u ri in 1911 u n d e r a 2 0 0 -yo a r ch ar
cer. In Ja n . 19IJ tho lino fro m K an sas C it y to E x ce lsio r S prin gs, M o ., was
o p o n o a , and on M a y 5 1913 o p e n e d fo r o p e r a tio n its lino botw eon K ansas
C i t y an d S t. J o s e p h . 5 2 H m iles. V . 96. p . 1423. A ls o han dles fre ig h t.
In D o c . 1914 term in al se r v ic e w as begu n to K an sas C it y fo r th e Q u in cy
O m a h a & K a n . C it y I t R . (C . 13. & Q . s y s t e m ). See d etails In V . 99, p . 1910.
Com m utation Rates Ordered.— T h e M issou ri P . S . C o m m , o n D e c. 7 1914
Issued an o rd o r requ irin g the c o m p a n y t o issue co m m u ta tio n tick ets b e g in ­
n ing J a n . 1 1915 botw eon K ansas C it y and L ib e r ty , 14.4 m iles, on th o E x c e l­
sior Springs D iv ision , and to a d ista n ce o f a b o u t 10 m iles on th o S t. J o so p h
D iv is io n .
O n D e c. 29 1914, h o w e v e r. J u d g e V an V a lk on bu rgh in th o U . S
D is tr ic t C o u rt gran ted a te m p o ra ry o rd e r p re v e n tin g th e C o m m issio n fro m
p u ttin g tho now rates in e ffe c t .
V . 100, p . 140.
ST O C K A N D RO N DS—
D a te .
In terest.
O utstanding.
M aturitu
S to c k co m $ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 ) . .............................
$ 4 ,0 0 0 ,0 0 0
See text
1st m tg e $ 10,000,000 ($ 1 ,-7 1911
5 g M -S
3 ,1 3 5 .0 0 0 S e p t 1 I T U
000 g o ld s f red a t 105 a fte r) E q u ita b lo T r . C o ., N . Y . , an d .). F D o w n S e p t. 1 1915---------------c * t f (
in g, K a n . C it y , T r u s . I n t. p a y a b le N Y
B onds.— D f tho escrow b o n d s, $ 3 6 5,00 0 m a y be issued fo r 8 0 % o f th o c o s t
o f p erm a n en t a d d itio n s an d exten sion s t o tho p r o p e r ty . T h o rem ain in g
$ 6 ,5 0 0 ,0 0 0 can o n ly be Issued fo r 8 0 % o f th e c o s t o f p e rm a n e n t a d d itio n s
a n d exten sion s, p ro v id e d th a t th o net earnings a fte r all o p e ra tin g expenses
(in c l. taxos, in su r., d o p r o c ’ n , & c.) fo r th o pre ce d in g 12 m o n th s shall h a v e
been equal to a t least 1 2-3 tim es th e ann u al in terost ch argos on all b o n d
o u ts ta n d in g , togeth er w ith th o se p ro p o so d to bo issu ed. Sinkinn furui Jw
1> *% o f b on d s ce r tifie d , b e gin n in g S e p t. 1 1917.
p Juna o r
D ividends.— In 1914. 2 % % p a id ; 1915, Ju n e, 1 % % .
In D o c 1915 a
d iv . o f 1 % % w as d eclared p a y a b le o n d isch arge o f r e ce iv e rs.
’
E A R N I N G S .— F or y ea r e n d in g D o c . 31 1915, gro ss, $ 64 3,23 8- not a fte r
taxes, $29 1 ,9 1 6 ; in t ., $15 3 ,9 5 0 ; d iv s . p a id , $55 ,0 0 0 ; su rp lu s, $ 8 2 ,9 6 6
R O A D — O perates 5 2 .5 5 m iles betw een K an sas C it y an d St J osep h
M o ., an d 28.24 m iles betw een K an sas C it y an d E x ce lsio r Sorin'vs V t ,,
tota l 77.61 m iles. 70 and 8 0 -lb . T -r a il; stan d ard ga u g o .
Rassem nir
e q u ip m e n t, 20 ca rs, 5 oxp . m o to r ca rs, 5 express trailers, 11 o th e r cars -in .1
1 A m orica n ole ctr ic d itch e r.
u
O F F I C E R S .— P re s ., P h ilip L . S a lto n sta ll, B o s t o n , M a s s • V - P
*... R e y n o ld s , N . Y .; S e c ., I. D . H o o k ; T r e a s ., \V. S. T u lo v - G e n ’ \ r £ .a’
J . R . Ila rrlg a n , K ansas C it y , M o . — V . 96, p . 1423; V . 97 p 1286-’ v <»»’
p . 52 3 , 1157; V. 99, p . 196, 816 , 1910; V . 100, p . 140; V . 101, V 1 30,’ 288 .

KANSAS CITY-W ESTERN RAILW AY.— A trolley road.
F o r m e r ly th e K a n s a s -C ity -L e a v o n w o rth R a ilro a d an d n a m e r h u i m i tr.
K a n sa s C ity -W e ste r n R y .
H as lo n g -tim e fra n ch ises in te rrR o ry s e r v e d .
ST O C K A N D BONDS—
D a te.
In terest.
O utstanding
M m u ritu
S to c k $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . ............................................
$ 2 ,0 0 0 000 '
M a tu r itV1st ref m tg o $ 5 ,0 0 0 ,0 0 0 g o ld ? 190 5
5 g M -S
1 .6 5 0 ,0 0 0 S e n t f i 'i c >95
(cou p $ 1 ,0 0 0 , r $ 1 , 0 0 0 , { In te r e s t a t G u a r a n ty T r u s t C o N e w V n r £
$ 5 ,0 0 0 , $ 1 0 .0 0 0 ) ................. t f {
T r u s te e .
^ o , y e w Y ork,

Stock and Bonds.— $ 1 ,4 0 0 ,0 0 0 o f b o n d s w ere Issuod t o refu n d a like a m o u n t
o f b o n d s ou ts ta n d in g o f old c o m p a n y , all b u t $ 4 2 ,0 0 0 o f w hich h a v e b e e n
r etired , $10 0 ,0 0 0 for general c o r p o r a te purposes and $ 1 5 0 ,0 0 0 fo r i m p r o v e
m on ts; rem ain in g $ 3 ,3 5 0 ,0 0 0 to b o issued fo r a c q u is itio n s , e x ten sion s an d
Im p rov em en ts u nd er c u s to m a r y re strictio n s. E n tire o u ts ta n d in g Issue is
r e d . on a n y Int. d a te a t 105 an d in t. V . 8 9 . p . 1183.
K
uo 13
. R E I ! ,9 F X ; — For y®*'11' en d in g J u n o 30 1914, gro ss, $ 3 0 2 ,6 6 2 ; n e t . a fte r
ta xos, $ 8 4 ,7 9 8 ; fix e d ch arges, $ 8 2 ,0 0 0 ; su rp lu s, $ 2 ,7 9 8 .
KOi ^ I?-T 7 0 w .ns an d op era te s 43 .7 5 m iles o f ro a d , o f w h ich a b o u t 18 m iles
Pmi'Tr 1 n t
L ea v en w o rth an d 2 5 M m iles betw een F t. L e a v e n w o rth
«y w F a n ; E,ntors K an sas C it y , M o ., o v e r track s o f th e K a n sas
G*Ay VJaduct & Term inal R y ., w h ich o w n s and op erates a steel an d c o n K ansas C it y , K a n ., w ith K ansas C it y , M o .
Has
se c o n d en tra n ce in to K an sas C it y o v e r tra ck s o f th o M e tro p o lita n Street R y .

KENNETT, PA.

WEST CHESTER KENNETT & WILMINGTON ELECTRIC R Y .
ORGANIZATION. Incorporated In Pennsylvania on M av 24 1905
to AprUri905an^ n W
W
T
i
name sold^mde/foreriosSre
WestP G r o v e & A v o n d a le I I X
A v o n d a le t o O x fo r d . See V . 86

* w h l c h t a s ^ ^ b ^ n d ^ h ^ 01? 11^ ° x/ o r d
o . 670
S l ° JU1 d t b o e x tension fro m

Co^mmmKS92N5 ^ 0 0 °NDS~
D oU ‘
Pref ($75,000) 6% non-cumll I I I I
K' «

S

a

si «

. °

0.

. f c i KOsf « i r w

in teresl-

. S

■u

0 u i s& ? < » n g .

.........”
r

M a tu r ity .

3 7 x’ooo ....................
,

Tr / l v l o j w

i9; s s

«

Ab(iut,JR n^1Ies of track between West Grove Avondale

K en

The
von^ale* to^xfOTcR1^
m i f ^ has'been^om p^tedas
W an d W b ! T ^ g h d e r ^ n^peration to that point. Gauge. 5 ft.
in.
OFFICERS .— Pres., Geo. Kessler, Phlla.; V .-P ., Clarence L Harner
1 hda.. Sec. and Treas., Philip E. Guckes, Phila.; Gen. M gr H 13-iluss’
Kennett Square. Pa.— V. 91, p. 1575, 1631. 1712; V.94, p.831; V.95, p m !

KEOKUK, IA.
CENTRAL A1ISSISSIPPI VALLEY ELECTRIC PROPERTIES.
^ION.— Formed in Illinois by a trust agreement d a t e d
Dec. 12 1913, under which there are deposited with trustees all the common
«*Ock o f the Keokuk Electric Co. (see below) and all the capitTstoSks o f
l-ort Madison Eiec. Co. and Dallas City Light Co. These companies do
Ia° °thetrei;eef'ri Wt?iy •. f.,ectric ,i8bting power and gas business in Keokuk,
la . the electric lighting and power business in Fort Madison, la. and
\v-G ty> Ilii' tbe electric railway and lighting business In Hamilton
K eokuirH lm ilton and °^aSaw .an
electric rall^ ay between
F r a n c h i s e s .— 1
The electric railway and elec, lighting franchises In Keokuk
expire in 1936, the gas franchise in 1928. The electric lighting franchise
In Hamilton expires in 1936; the Important railway franchise In 1931.
in 1938*1 ° lighting franchises in Fort Madison and Dallas City expire
S T O C K ( N o B o n d s )—
D a te.
In te re st.
Com 7.500 shares (no par val)
Prof (6% cum) $750 0(fo ( $ 1 0 0 ) -.:;
6'Q -'m "
P r e fe r r e d S to c k . — Redeemable at 110.

O u t s ta n d in g .

7 .5nn«harp«

D iv id e n d s.

$750,000 S e5 r’ i 6 7 ij j

E o *J?aL ye a r 1915 (co m b in e d c o m p a n ie s ), g ro s s , $ 2 8 2 ,( K e o k u k P M ^ c S 3,
‘ n te re st. $ 1 7 ,4 5 5 ; s in k , f d ., $ 5 ,0 0 0 ; p r e f. d lv $4^5,000^su rp lu s! S 12 ? 2 f(j0 0 0 ’ Pr e f‘ d i v s - < « . M is s . V . E l. P r o p .) . 6 % .
p r e f ' s to c k

p ureh^ ^ ^om
Mi^sslpid'^Etiver* Pcwo
° ars’ 20’ A , , ^ oris
OFFICERS.— Pres., Goo. Higginson Jr.; V.-P. Chas F Wallace-Sec
•^opb L ; Valentino. Chicago, 111.; Treas., H. B. Sawyer Asst Sec Alvah
K. lod d , Gen. Mgrs., Stone & Webster M gt. Assn.— V. 9s! p. 72, 610.
(D Keokuk Electric Co.
K w k i ^ AlG e c A R v ° v ^ p ^ w C<rip ' ' v 111; ° n D e c . 5 1911 as s u cce s s o r t o th e
& P o w e r C o ' and K eeSnV 9 .° \ v Kc; ° k u k G a s * K le c - C o -: H a m ilto n L t .
purchasmil I n 'l 9 l h.> a ^ k
„VV ? t.ern, i ': , e c -. C o - c o n t r o l o f w hich w as
w a v e le ctric livhM nv S^ n0 & ' y u b s tcr M g t . A ssn .
D o e s th e e le ctric ra ilraih vay an d ^ electricgiWPm m 7 an d , ^as business n K e o k u k . l a .; th e e le ctr ic
o p e r a t L an b
^ business in H a m ilto n an d W a rs a w . 111., an d
VVarsaw a a r g e l ^ o n l T a s ^ l f n a s r

* 7 b 0 t'Veea K e o k u k - H a m ilto n an d

O o n jm m i 8 6 5 0 .0 0 0 V m 0 0 ) 7 I . . ° a‘ e '
°
'A u g f H 6
P r e f $ 25 0 .0 0 0 ($100) 6 % c u m _____ Z
Q -P
250 000
See tex t^
K e o k u k E l R y & p ° w 1st M l 1901
5 J -J
m io O O
S ee te x t
(clo s e d m tgo) ---------------n t f (C e n t. T r u s t C o . a n d H . E . A m b le r T ru s te e s
K e o k u k G as L & C o k e 1st M 1 1898
5 J-J 15
150 000 J a n lS l E f s
---------- - - -W I U n io n T r u s t C o . . S t. L o u is , T r u s te e .
H a m L ig h t & P o w e r 1st M l 1902
6 M -S
4 ,5 0 0 M a r 1 1922
< 5 1 ° ^ c g e ------- -----n tf fC o n t . & C o m m . T r . & S a v . B k ., T r u s te e .
P r f f ? s t o ^ ° s “ e d °a tS l°lC0k ^ & o w n e d b y C e n t. M is s . V a il. E le c. P r o p e r tie s .
'i*Q9 ? e ^ ° , k u k EIe<; - R y * * P(>w er firs t m tg e . 5s aro d u e seria lly
1
nbf«.d ' a n y ,n.t -ud a y aul 105 an d i n t - 3 8 0 ,0 0 0 ca n c e le d .
Hivr ]Pxderids~ ^ VS* ° A Pref* h a v e been p aid sin ce o rg a n iz a tio n .
Tnitial
d i v .o n c o m . — 2 % — p aid In F eb . 1914: M a y . 1 5 ^ % ; A u g 2 % (V 99 d 4671N o v .. 2 % . In 1915. 6 % . In 1916. F e b ., 1 ^ % ; M a y ? i H % . A n g l l 4 % .
p ? r y e a r e n d in g Ju n e 30 1916, g ro ss, $ 2 3 7 ,2 7 8 ; n e t .
$ 8 6 ,6 7 4 ; su rp lu s, a fte r c h a rg e s, $ 6 4 ,0 7 2 .
1
*
H O A D . See C e n tra l A liss. Vra lle y E l. P ro p e rtie s a b o v e .
A S S .F k ’^ R L — ^ re3-’ H a rry T ; , E d g a r; V .- P s ., G e o . H ig g in so n J r .; S e c ..
1 0l^rd r o a s ; ^ 0a ry P • S a w y e r; G e n . M g r s ., S to n e & W e b s te r
M g t . A s s n .— V . 9 3 , p . 1725; V . 97, p . 1583, 1898; V . 9 8 , p . 73; V . 9 9 , p . 4 6 7 .

KEWANEE, ILL.
G A L E S B U R G & K E W A N E E E L E C T R IC

RY.

f > o, ?G
^ a<^losb
A ^ urZ
tT ^
rp R
S rat?
th
rgA&
O?nN.h
eid a_r,?.co
E le c.
y . C?o . M a y 190 2-

Is a r e o r g a n iz a tio n o f

STO CK AN D BON DS—
D a le.
In terest.
O utstanding.
M atu ritu
C o m m o n $2 0 0 ,0 0 0 ( $ 1 0 0 )............................................
$ 2 0 0 ,0 0 0
a la lu r llv '
P r o f $4 0 0,00 0 ($100) 6 % c u m ........................... .........
1 1 0 .8 0 0
m tg e $4 0 0 ,0 0 0 ($500 & I 1906
5 g J -J
4 0 0 .0 0 0 J 'u l y '2 'l 9 2 6
$ 1 ,0 0 0 ) g o l d ....................c & r / I n t .a t C o n t .& C o m . T r .& S a v .B k ., C h i c . ,T r
B on ds.— A re red. o n a n y Int. d a y a t p ar a n d Int.
N o s. f.
E A R N ! NO.S .— F o r 12 m o s . e n d in g A p r . 30 1916, g ro ss, $ 7 0 ,6 8 4 ; n et
(a fte r d e p r e c ia tio n ), $ 1 7 ,0 7 9 ; Int. a n d ta x e s, $ 2 4 ,6 6 8 ; d e fic it , $ 7 ,5 8 9 .
^ R O A D . - I I a s c it y line In K e w a n e e an d W e th e rsfie ld a n d In teru rban
b otw een K ew an ee an d G a lv a . T o ta l tra ck o p e r a te d 14 m iles. 7 0 -8 0 -lb .
T a n d gird e r rails. G a u g e 4 ft. 8 H in.
O F F I C E R S .—-P r e s ., W . I I . L y m a n ; V . - P . , II. W . C ra n e ; S e c ., F . M .
L a y ; T reas., J . II. B a e th k e ; G e n . M g r ., R . I I . H a y w a rd .

KEYPORT, N. J.

J E R S E Y C E N T R A L T R A C T I O N C O .— T r o lle y .
N ew C ontrol.— O n M a rch 27 1915 L aird & C o . , W ilm in g to n , D e l., a c t in g .
«
3i
°.n b e h a lf o f th e D u P on t in te re sts, a c q u ir e d c o n t r o l. V . 100,
^ 2 . 0 v 1 flE n S
; Ui H o,IS e s - I>ros-: O - F . H u tch in g s, V .- P . an d G e n . A t p . 1168.
H avin g been in fo rm e d th at th e new o w n ers p r o p o s e d ce rta in
Ai’. f P 'rsllU^c ^i
SOr" a n d T r e a s .; J . G . H e rrio n . S u p t.; W . M
an ge* in th e m a n a ge m e n t an d fin a n cial p la n , a c o m m it t e e re p re se n tin g
R < n o , 368.’ °
offlce> L e a v e n w o r th . K a n .— V . 8 9 , p . 1483; V . <M)\ ch
th e m in o rity s to ck h o ld e rs was fo rm e d . S ee V . 100, p. 1592. In M a y 1 9 1 5
th o N a tio n a l P ro p e rtie s C o . t o o k o v e r th e m a n a g e m e n t o f th e p r o p e r t y .
^ ^ A N S A S IN T E R U R B . R Y . — K n o w n as “ S tran g L in o .’ * . O R G A N I Z A T I O N .— C h a rte re d M a r . 26 1891, In N . J . . as th e K e y p o r t
& M atavvan S treet R y .; a horse lin e , b u t has been o p e r a te d as an e le ctr ic
, N A T I O N . — In c o r p o r a te d In K a n sas u n d e r G en R R law
r„
C om ­
1909 receiv er a p p o in te d th e p re vio u s y e a r was d isch a rge d and old' c o n'nanv ra ilw a y s in ce J u ly 1901, an d n am e c h a n g e d as a b o v e in N o v . 1901
resum ed c o n t r o l.
V . 86 n. 1467- V 89 n io Q ,
V r .V V .,V ,.,!. lu U!>an^ p a n y o w n s franchises Tor the c a r r y in g o f fre ig h t an d tra n sp o rts b rick
*
fro m Stran g ga solin e cars to e le ctr ic ity hi 'l o o s ! 2'8 V S ^ p 6 61 JP I l L p riv a te g r a v e l. & c .. fo r lo ca l in du stries.
?*s.° ° w n s 462 o f th e 500 shares o f s t o c k a n d all o f th o b o n d s
rig h t o f w a y a b o u t 80 feet w id e fro m K a n sa s C it y to O la th e . "
P 1 te
($1 0 0 ,0 0 0 ) o f th e M id d le se x & M o n m o u th E le ctric L ig h t, H eat & P o w er
a ° T i Wa1
supplies b o th c it y lig h tin g an d p riv a te p o w e r a n d lig h tin g In
s tock0 ^ [fJ)00 J)00B($ lorn3 D a te In te re s ts T n n n n n t i'
M a tu rit^
S o u th A m b o y , K e y p o r t, M a ta w a n , K e a n sb u rg , B e lfo r d an d o th e r citie s .
Fli;'lt, ,^ m gaKH 3 0 0 0 '000 goldF 1906
5 ~g J-J~
6 0 0 0 0 0 j V n ' T " 1 9 5 ft
g tn
'
D a te '
In terest.
O utstanding.
M a tu r ity .
S
n -............... c )F id e li t y T r u s t C o . , K a n « ’& . T ru L ti® * ®
S to c k $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 )____________
________
$ 1 ,5 0 0 ,0 0 0
E A R N I N G S .— F o r c a l. y e a r 1915, g ro s s , $103 129- net g a s 7 9 1
r„
i s t m o r tg a g e $ 7 5 0,00 0 g o ld l 1901
5 g M -N
2 3 0 .0 0 0 N o v T m i
1914. gross, $ 1 0 7 ,1 2 5 ; n o t, $ 4 0 ,1 8 0 .
- j i u o . w , n o t, $ 3 8 ,7 2 1 .
In
($500 an d $ 1 ,0 0 0 )-----------t f / I n t . a t C o lo n ia l T r u s t C o . Ph ila
T r u s te e
R O A D .— O perates 20 m iles o f road fro m K a n sa s C i t v th rou gh S e „ n ,
G en & r e f m tge $ 1 ,5 0 0 ,0 0 0
1904
5 g J -D
1.2 7 0 ,0 0 0 D tc 1 1 9 5 4
rid g e, M o r ris o n R id g e , M ilb u r n P lace, O verlan d P ark a n d L o n e x a to O la H m ' Grm°
< S ' 0° ) r v ...........f . t r f r n t . a t F id e lity T r u s t C o .. N e w a rk . T r u s te e .
E n ters K a n sa s C it y o v o r track s o f th e M e tro p o lita n S treet R y
7 0 d b ra s
G en & re f. lin p t & extm tg e ) 1914
5 g M -S
N o n » M ch 1 lo g o
$ 5 ,0 0 0 ,0 0 0 ($1,000) g — c * / I n t . a t G ira rd T r u s t C o . . P h ila ., T r u s te e .
H as 13 cars in ch .d ln g passenger an d fre ig h t.. C o n s tr u c tio n o f a 1 no fro m
O la th e t o O tta w a , 26 m iles, is u n d e r c o n s id e r a tio n .
lo in
t h i ? ? i i s f 'x r ° m h 10K®1,,?Odi’Oi(f?iA> o n d so J 1904, $23 0 ,0 0 0 are reserved to retire
,, O F F I C E R S .— P res ., W . B . S tran e; V .- P . , H . O . B re n t; S e c. & T re a s
datnf a f I5n 7 i / h°gbi°sn n nnn9iH
red ee m able M a r c h 1 1917 or a n y Interest
n n n Q2s i i
3 1 .5 0 0 ,0 0 0 b o n d s are reserved t o re tire p rior liens.
Som e
E . N . D aniels; G o n . M g r T h o s . R ilo y . G eneral o ffic e s . O v e rla n d P a rk
$
2 o 0 ,0 0 0 o f those b o n d s h a v e been issued fo r v a rio u s c o r p o r a te p u rposes
K an sas.— V . 8 7 , p . 614; V . 8 9 , p . 1281.
o f th o c o m p a n y b u t so fa r n o n e so ld to p u b lic . V . 9 9 , p . 269 ; V . 98, p . 1694.




R E P O R T .— F o r ca len d a r y e a r 1915. gross, $ 2 3 9 ,0 3 1 ; n o t, a fte r o p e ra tin g
ex p en ses, repairs, & c ., $ 11 8,12 7R O A D .— O w n s a n d o p e ra te s 36.03 m iles o f ro a d fro m S o u th A m b o y .
K e y p o r t a n d B elford t o R ed B a n k; B e lfo rd th ro u g h A tla n tic H igh la n d s to
H ig h la n d B each ; Freneau th ro u g h M a ta w a n t o K e y p o r t. N . J .
S tand ard
g a u g o 6 0 -lb . T an d 7 0 -lb . gird er rails.
N e a r ly all o v e r p r iv a te rig h t o f w a y .
32 p assenger ca rs, 2 e le ctric lo c o m o t iv e s , 29 fre ig h t cars an d 1 s n o w -p lo w .
A n exten sion from S o u th A m b o y th ro u g h M e c h a n ic s v illo a n d o v e r th e
R a rita n R iv e r B rid g e t o P erth A m b o v w as c o m p le te d in 191 0.— V . 7 b , p .
1300; V . 9 2 . p . 461 ; V . 9 8 . p . 1694; V . 9 9 , p . 269 ; V . 100, p . 1168.

KEY WEST, FLA.
K E Y W E S T E L E C T R I C C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in N e w Je rso y In 1898 a n d d o e s en tire
ele ctr ic railw ay an d ele ctr ic -lig h t and p o w e r business o f th e c it y ; also ow n s
fra n ch ises fo r m a n u fa ctu re o f gas. Fran ch ise oxpiros 1997. In Ju n o 1906
w as a cq u ired b y S ton e & W e b s te r o f B o s to n an d r e -ca p ita lize d as b e lo w .
V . 8 2 , p . 1496. P u b lic S e rv ice In v e s tm e n t C o . o w n s $3 7 4 ,1 0 0 c o m m o n
s t o c k and $ 2 2 2,00 0 p refe rre d s t o c k .
STOCK AN D BO N DS—
D a te.
Interest.
Outstanding.
M a tu rity .
C o m m o n $50 0 ,0 0 0 ( $ 1 0 0 )....................
...........- 350 0 ,0 0 0 .......................
P r e f $ 3 5 0 ,0 0 0 ($100) 6 % c u m . . . . .
Q -M
2 7 0 .0 0 0
F irst m o rtg a g e $1,000,000 1 1906
5 g F -A
481 ,0 0 0 A u g 1 19o6
g o ld
t f f l n t . a t S ta te S tre e t T r u s t C o . . B o s t o n . T r .
P ref. Stock'.— R em a in in g $ 80 ,000 p re f. s to c k is held in tru st fo r th e b o n o fit
o f th e c o m p a n y .
R e d ee m a b le a t 110.
B on ds.— A ro s u b j. t o call as a w h o le o r in p a rt fo r s. r. a t 105 an d ln t. at
a n y tim o. A sin k , fu n d o f 1 % o f b o n d s o u t began D e c . 1 1907. if earned;
o n D e c . 1 1912 b e c a m o o b lig a t o r y .
$ 8 3 ,0 0 0 In treasu ry n o t in ch in o u t ­
s ta n d in g a m o u n t. $ 2 3 ,0 0 0 ca n c e le d .
E A R N I N G S .— F o r years e n d in g Ju n e 3 0 :
. , „
, „
,
Y ear—
Gross.
N eK .aft.Tax.) Interest.
Sink. F u n d .S u rp lu s.
1915-16 .................... $ 1 1 3,44 5
$37 ,192
$24 ,7 5 3
$5,6 9 9
$ 6 ,7 4 0
1914-15 ....................... 122,637
3 5 ,4 1 3
2 4 .9 4 5
5 ,7 6 5
4,7 0 3
R O A D .— O perates 5 .4 m iles o f tra ck ; 10 ca rs. G a u g e 5 f t . 244 in.
P ow er s ta tion c a p a c ity , 840 k .w .
O F F I C E R S .— P ro s ., G e o rg e J . B a ld w in , N o w Y o r k : V . - P s ., H e n ry G .
B rad leo an d H arry H . H unt; S e c ., A lv a h K . T o d d ; T r e a s ., H on ry B .
S aw yer; M g r ., I. M a x w e ll S to v e r , K ey W e st, F la.; G o n . M g r s ., S to n o &
W eb ster M g t . A s s n ., B o s to n .— V . 82, p . 1496; V . 9 4 , p . 1508.

STO C K A N D BON DS—
D ate.
In terest.
Outstanding.
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
F -A
$ 2 ,0 0 0 ,0 0 0 A u g T 6 , 2 %
P ref cu m $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) ...............
6 Q -M
385 ,000
See t e x t
5 g J-J
1 ,180,000 J an 1 1943
1st & re f M sk fd $5,000,000 '! 1912
($500 an d 8 1.000) g c * . t f / U n i o n T r u s t C o . o f In d ia n a p o lis , T r u s t e e .
K o k M a r & W 1st M $1,000,-1 1903
5 g J-J
650 ,0 0 0 J u ly 1 1933
000 g ($500 Sc $ t .0 0 0 ) c * n t f (In te re s t a t S e cu rity T r . C o .. I n d .. T r u s t e e .
Stock.— Preferred s to c k is n o n -v o t in g . S u b j. to call at 105.
B onds.— O f th e 1st & ref. b o n d s, $ 6 5 0,00 0 are reserved to retire the K . M .
& W . b o n d s, $50 ,000 fo r c o r p o r a te purposes and $ 3 ,1 2 0 ,0 0 0 fo r a d d itio n s ,
b e tte rm e n ts, & c ., u nd er ce rta in re strictio n s. R e d . o n a n y hit. d a te a t 105.
S k . fd . 1% b e gin n in g Jan . 1 1917.
In lieu o f retirem en t o f b o n d s, c o m p a n y
m a y at its o p tio n set aside a n n u ally fo r p e rm , a d d 'n s , Im pts. * e x te n s io n s ,
at n o t exce e d in g 8 0 % o f c o s t th e re o f, a sum e q u iv a le n t to 1 '4 . % o f to ta l
a m o u n t o f refu n d , b on d s o u t .
In t. p a y a b le a t S p on cer T ra sk & C o . , N . Y .
V. 95. p. 1684.
K . M . & W . 1st M . b o n d s aro s u b j. to call a t 105 an d in t.
See V . 7 6 . p . 1143: V . 77, p. 451.
D ivid en d s.— 6 % is b ein g p aid on the pref. s to c k .
O n c o m m o n . 1 % s .- a .
t o A u g . 1915. w hen 1 14 % w as p a id .
In F ob . 1916, 1 4 4 % ; A u g ., 2 % .
E A R N I N G S .— F or year e n d . D e c . 31 1915. g ro s s , $ 4 6 3 ,0 9 9 ; n e t, $ 27 3,
632; o th e r in co m e , $ 2 ,620: in t., taxes, d e p r o c ’ n. p ro f, d i v ., & c ., $ 1 5 9 ,2 2 3 ;
su rplu s, $ 1 1 7 ,0 2 9 .
In 1914, gross, $43 4,72 1; n o t, $ 2 1 9 ,9 7 8 ; o th e r in c o m e ,
$ 1 ,1 1 1 ; in t ., taxes, d e p r e c ’n , p ro f, d i v ., & o .. $15 6,31 3; s u rp lu s, $ 9 4 ,7 4 6 .
R O A D .— O perates 3 6 ^ m iles o r track in K o k o m o an d fro m K o k o m o to
M a rlo n and 2 5 (4 m iles o f tra ck , incl. sid in gs, b otw een K o k o m o and F ra n k ­
fo r t to ta l m iles o f crack, 62.
Is c o n n e c tin g lin k b e tw e e n the T o r r e H a u te
Ind. & E a st. T r a c . C o . a n d th e U nion ’ fr a c t io n C o . o f In diana., S ta n d a rd
ga u g o. 70-Ib. T rail. O n D e c. 31 1915 had 5 ,7 7 8 ligh t a n d p o w e r a n d 113
heat c o n su m e rs.
.
. ,
„
O F F I C E R S .— P res., G e o . J. M a r o tt; V .- P . , L . J. K ir k p a tr ic k ; S e c ..
Treas. & G e n . M g r ., T . C . M c R e y n o ld s : A sst. G o n . M g r .. P . II. P a lm e r ;
A sst. S e c., It. M . B la ck m a n -.— V . 9 5 . p . 1684; V . 96, p . 486.

LACONIA, N. H.

L A C O N IA S T R E E T R A I L W A Y .
. _
t
.
.
.
In N o v . 1906 c o n tr o l ch a n g e d h an d s, a n d th e new Interests also a c q u ir e d
c o n tr o l o f the L a co n ia E le ctric L ig h tin g C o .
O R G A N I Z A T I O N .— F o rm e rly th e L a co n ia Sc L a k e p o r t S treet R y . . bu t
n am e ch a n g e d to a b o v e In 1894.
S T O C K , -fee.—
D a te.
In terest.
O utstanding.
M a tu r ity .
C o m m o n $ 1 0 0,00 0 (p ar $ 5 0 ) --------------------------------- -- — “
P r o f 6 % cu m $ 40 ,000 ($ 1 0 0 )------- --- -- - -(tO-OOO - - - - - - - - ­
First m o rtg a g e $ 9 1 ,0 0 0 ($1.-1 1899
5 M -N
9 1 ,000 M a y 1 1919
KINGSTON, N. Y.
000)
............... ............/In te r e s t a t A m erican T r u s t O o ., B o s to n .
K IN G S T O N C O N S O L ID A T E D R R .
S e co n d “ m o rtg a g e
$40.0001 1 9 0 1
5 M -N
t
4 0 .000 M a y I 1919
($1 000)
___________ ( In terest at P e o p le s N a tio n a l B a n k . L a con ia .
O R G A N I Z A T I O N .— T h is is a c o n s o lid a tio n o n D e c . 11 1901 o f th e K in gs­
D ivid en d s.— In 1893-94 p aid 5 % : In 1894-95 p aid 4 % ; n o n e sin ce.
ton C it y R R . an d th e C o lo n ia l C it y T r a c t io n .
M a tu rity
O utstanding.
R O A D .— O w ns 8 .8 7 m ilos o f track fro m L a co n ia t o W eirs. S tan d ard
STOCK AN D BON DS—
D a te.
In terest.
$ 2 0 0,00 0 ....................... ga u g e.
11 passenger an d 2 o th e r cars.
------------C o m m o n $ 2 0 0,00 0 ($ 1 0 0 )----------------2 00 ,000 A u g . ’ 16, 3 %
P referred 4 % cu m $ 2 0 0 , 0 0 0 . . -------------- - ­
E A R N I N G S .— F o r y e a r e n d in g J u n e 30 1915. g r o s s , $ 36 ,401 ; n o t, $ 5 ,9 5 9 ;
532 .000 O ct 9 1951
First c o n s o lid a te d m o r tg a g e ! 1901 _ 5 g J - J
^ntorest
a
n d ta x e s, $ 9 ,3 2 0 ; d e fic it . $ 3 ,3 8 1 .
’ $ 7 0 0,00 0 ( $ f.0 0 0 ) g o ld c * tf f I n t . a t B a n k ers T r u s t C o . , N . Y . , T r u s te e .
..............
....................
.........................
.........
Jan l 1939
S econ d .........
m o rtg
a g e $250,0001
1909
5
J-J
N one
t " ($ i,6 o d j
___ - ____/ l n t . a t B a n k ers T r u s t C o . , N . Y . , T ru ste e .
LA CROSSE, WIS.
C o n s o f $ 1 5 0 0 0 0 ) n o t l 1893
5 M -S
149 .000 M a r 1 1 9 2 3
s u b j t o call b e fo r e m a t y . t f j I n t . a t F a rm ers’ L o a n & T r u s t C o . . N . Y .
5 q u a r.
6,0 0 0 On ciom an a.
M o r tg a g e o n c a r b a r n ________ ______
B on ds.— S 156,000 o f th e $ 70 0 ,0 0 0 co n s o lid a te d m o rtg a g e is roservod to re­
tire the K in gston C it y R R . u n d erlyin g liens; $ 1 2 ,0 0 0 h a v e been c a n c e le d .
D iv id e n d s — 4 % was paid y e a rly on pref. s to c k fro m co n s o lid a tio n up to
1908, w hen 2 % w as p aid A u g . 1. N o n e to Ja n . I 1911. w hen 4 % w as p a id .
N o n e up t o S ep t. 1 1914, w hen 3 % w as p a id .
In A p ril 1915 p a id 3 % , and
In A u g . 1915 6 % .
In A u g . 1916 p a id 3 % .
R O A D .— E m b ra ces 8 m iles o f tra ck .
R a lls, 7 0 , 80 an d 9 0 -lb . 40 cars,
2 snow plow s.
R E P O R T .— F o r year e n d in g J u n e 30 1916, gro ss, $ 1 4 5 ,5 8 5 ; n e t, $57 ,015
In terest, taxes, & c ., 846 ,3 9 3 ; su rp lu s, $ 1 0 ,6 2 2 .
O F F I C E R S .— P ros., F red. T . L e y . S p rin g fie ld . M a ss.: V .- P .. H on ey C
P age, W orcester, M a s s .; S e c ., G . B . te B o w , K in gston : I r e a s ., A b m
H a s b r o u c k , N ew Y o r k .— V . 8 9 , p. 225 , 529; V . 90. p . 303 .

KNOXVILLE, TENN.
K N O X V IL L E R A IL W A Y & L IG H T C O . „
^
,
u, u
C o n tr o lle d b y A m erica n C itie s C o . (see under N e w O rle a n s), w h ich o w n s
all th e s t o c k .
_
.
,
O R G A N I Z A T I O N .— In co rp o ra te d In T en n essee o n A u g. 5 I 9 0 5 a s a c o n s olid a tion o f th e K n o x v ille T r a c tio n C o . an d the K n o x v ille E le c tr ic L ig h t *
P ow er C o .
D oes all the street railw ay an d all m u n icipa l an d co m m e r c ia l
electric-lig h tin g and p ow e r business in K n o x v ille an d servos va rio u s n e a rb y
com m u n ities. A ls o co n tro ls th e K n o x v illo P ark A sso cia tio n , o w n in g tw o
a m u sem en t parks. F ranchises are n orp otu al, o x c o p t as t o 144 m ilos o f
street ra ilw a y, w h ich latter run until N o v . 28 1946.
4* In 1911 $ 1 ,5 0 0 ,0 0 0 c o m . a n d $ 5 0 0 ,0 0 0 p re f. s to c k w as all m a d e o n e class
and increased to $ 2 ,0 5 0 ,0 0 0 .
_
H as fa v o r a b le lo n g -te r m c o n t r a c t w ith T en n ossee P o w e r C o . fo r th e pur­
ch a se o f electric p ow er.
D a te.
Interest.
O utstanding.
M a tu rity .
C STO C K AN D BON DS—
J -D
$ 2 ,0 5 0 ,0 0 0
See text
S tock $ 2 ,0 5 0 ,0 0 0 ($ 1 0 0 )------5- J--D1 .778.000 Ju n o 1 1946
R e f & ext m tgo $ 1 0 ,0 0 0 ,0 0 0 , 1911
------(3500 an d 8 1 ,0 0 0 )___ c * c p t / l n t . at G u a ra n ty Trust C o . . N . Y . , tr u s te e .
C o n s o lid a te d m ortg a g e $3,-1 1905
5 g M -S
1,0 9 3 .0 0 0 S e p t 1 194;>
0 00 ,000 g old ($ 1 ,0 0 0 )— c * ( I n t . a t G u a ra n ty T r u s t C o . . N . Y . . T ru ste e .
K n o x v ille T r a c 1st M $850,-1 1898
5 g A -O
8 1 7 ,0 0 0 A pril 1 1938
000 g tax-free ( $ 1 .0 0 0 )- . c * / I n t . at B a ltim o re T r u s t C o .. B a lt .. T ru ste e .
C ollateral n o te s__________ 1915
6%
^ , 0 0 f l J u ly 1 1917
G o ld n o te s ............................ 1915
6%
100,000 D e c
1 1916
Bonds.— O f th e ref. * e x t. m o r tg a g e , * 3 ,0 0 0 .0 0 0 are reserved fo r prior
liens an d $45 7,00 0 aro in treasu ry (n o t in c l. in a m o u n t rep o rted ou tsta n d lo g ).
B on ds are red eem able a t 105 and in terost on 60 d a y s n o tice o r m ay
be pu rchased In op en m arket at a p rice t o n et n o t loss th a n 4
% • A n nual
sin kin g fu n d , b egin n in g O c t . 1 1915, equal t o 3^ o f 1 % o f to ta l a m o u n t o f
b on d s o u t . O f th e S 3,000 ,000 co n so ls, $ 8 2 4,00 0 aro roservod t o re tlro K n o x ­
ville T r a c . C o . b on d s; S I ,003 ,0 0 0 h eld b y trustee o f ref. & e x t . m t g e . a n d
$80 ,0 0 0 w ere in sink. f d . on Ja n . I 1916. B o n d s aro re d e e m a b le a t 107
and ln t. o n 60 d a y s ’ n o tice . S in k. fd . an n u ally o f ^ o f 1 % o f all b o n d s
o u t (Incl. K n o x v illo T r a c . bon d s) bogan S e p t. 1 1910, an d a fte r 5 yoars
Is in crea sed t o 1 % a n n u a lly . T h e K n o x v illo T r a c tio n C o . first m o r t „ a „ o
b on d s aro n o t s u b je c t t o c a ll. $33 ,0 0 0 h a v e been ca n co le d .
D ividends. — First d iv id e n d o n c o m m o n — 2 % — 1 1 1 0 0 ^ 2 9 ^ 1 9 0 7 ,^ % was
paid S ep t. 1907 and
in 1911, 1 0 % . T h on

W IS C O N S IN R A IL W A Y , L IG H T & P O W E R C O .
O R G A N I Z A T I O N .— In c o r n . In W isco n sin on Ja n . 16 1913 a n d has a c ­
q u ire d an d n o w o w n s In fee all the p r o p e r ty fo rm e rly be lo n g in g to th e La
C ro sse W a te r P ow er C o ., the La C ro s s e C it y R y . an d the W in o n a ( M in n .)
R y . & L t. C o .
D oes o lo ctrlc-lig h t an d p o w e r business In W in o n a . M in n .,
an d O nalaska. W ls ., and o p era tes stre e t railw ays in W in o n a an d La C r o s s e .
O w ns h y d r o -e le ctr ic p la n t a t H a t fie ld , W is ., w ith tran sm ission linos t o La
C ro sse and W in o n a , a t w h ich citie s it also h a s s to a m rosorvo p la n ts.
STOCK AN D BON DS—
D a te.
In terest. O utstanding.
M a tu rity .
C o m m o n S I . 2 3 0 .0 0 0 ........ .....................................................$ 1 ,2 3 0 ,0 0 0 ..........................
First & re f M 8 1 0 ,0 0 0 .0 0 0 / 1913
5 F -A
2 ,2 0 0 .0 0 0 F o b 1 1 9 3 3
(81 000)' 7
g o. ..ld
______c * t■»fcl F
s t T r u srrt CI o T
. , M ilw .,
T ru
sto oI,,I
.
> i ir1909
,-vrvrt
OOrt
AAD
5 g J-J
2
20 ,000
J u ly l 1929
La’ C rosse C it y R y 1st M
I n t. a t W isco n sin T r . C o . , M ilw ., T r u s te e .
(clo se d m tg o ) ( $ 1 ,0 0 0 ) -Stock.— E n tire s to c k p la ce d in escrow fo r 5 yoars under a v o tin g tru st
agreem en t fo r the esta b lish m e n t o f a d e fin ite m a n a ge m e n t and c o n tr o l o f
p r o p e r ty , th o vo tin g trustees c o n sistin g o f F red . V ogel J r ., F ran k O . W e t m ore. F . B. H ixon . H L . S tu a rt an d C le m e n t O . S m ith .
Bonds.— O f the $ 2 ,2 0 0 ,0 0 0 1st & re f. b o n d s o u ts ta n d in g . 8 8 0 0 ,0 0 0 h a v e
been d e p o s ite d w ith trustees b y o w n e rs, u n d or an a greem en t w h ich p rov id es
th a t w hile so in e s cro w , th e y shall b o s u b o rd in a te an d Junior in o v o r y
resp ect to $ 1 ,4 0 0 ,0 0 0 b o n d s sold to th o b a n k s. S uch escrow b o n d s ca n b e
released fro m oscrow o n ly In lots o f 8 5 0 ,0 0 0 o r m u ltiples th e r e o f, u nd er
certa in restriction s. T h e m tg e . p ro v id o s th a t 8 2 .2 2 5 .0 0 0 m a y be issu ed at
par for c o r p o r a te purposos o f th o c o m p a n y .
B on d s in a d d itio n to th e
$ 2 ,2 2 5 ,0 0 0 m a y b o issued as fo llo w s: $ 2 2 0,00 0 to retire La C ro sse C it y
b o n d s and $75 ,000 to retire a Uko a m o u n t o f b o n d s w h ich m a y be Issued for
certa in ad d ition al p r o p e r ty ; rem ain in g b o n d s aro Issuable a t par (a) to
redeem at par a n y u n d e rlyin g b o n d s o r a n y m tg e . d e b t existin g a g a in st
a n y p ro p e rty a cq u ir e d , n o t e x ce e d in g , h o w e v e r , a t par, th e re a son a b le
value o f such p r o p e r ty ; an d (5) for n o t oxco o d in g 7 5 % o f c o s t o f a n y a d d i­
tion al p r o p e r ty , w ith certa in re strictio n s.
B on d s red. on a n y in t. d a t e a t
105 and ln t. Sinking fu n d . 2 % p er a n n u m , b e gin n in g 1918.
ln t p a y a b le
a t o ffic e o f trustee, or at o ffic e o f c o m p a n y o r a t its N ew Y o rk a g e n c y .
E A R N I N G S .— F o r y o a r o n d ln g M a r c h 3 l 1916, gro ss, $40 2.11 2; n o t ,a ft e r
taxes. $17 2 ,6 7 0 ; in t. o n $ 1 ,4 0 0 ,0 0 0 fir s t so c u r ity b o n d s and $ 2 2 0 ,0 0 0 u n d er­
ly in g b o n d s, $ 8 1 ,0 0 0 : in t. o n $ 8 0 0 ,0 0 0 te m p o r a r ily s o co n d so c u r ity b o n d s.
$ 40 ,000 : m isc. in t .. $ 2 ,0 4 7 , s u rp lu s. 8 4 9 ,6 2 3 .
R O A D .— 24 m iles o f t r a c k .
O F F I C E R S .— P ro s .. C lo m o n t C . S m ith : V .- P s ., L u d in g to n P a tto n and
H o n ry L . R ico; S e c .-T r e a s ., H o w a rd G roon o; A s s t. S ec. & A sst. T r e a s .,
G o o rg o A llis o n , all o f M ilw a u k e e .
O p e ra tio n s aro d ire cte d fro m Presi­
d e n t 's o f fic e in M ilw a u k e e in c o n n e c tio n w ith th o o p e ra tio n s o r th e W isc o n ­
sin P u b lic S e rvice C o . an d o th e r p u b lic u tility p ro p e rtie s.
V . 9 8 , p . 692:
______
V . 99. p . 1 7 5 0 .13 3 0 .
W IS C O N S IN M IN N E S O T A L IG H T & P O W E R C O .
C o m m o n s to c k all o w n e d an d p rop erties m an aged b y A m e rica n P u b lic

U O R G A N I Z A T I O N .— In c o r p . In W iscon sin . D o c. 2 1901 as th e L a C ros s e
G as & E lec. C o . (su ccessor to th o La C rosse G as L ig h t O p ., th e L a C rosse
Brush El L t . * P o w . C o . an d th e E dison L t. * P o w . C o .)
O n Ju n e 24
1914 c h a n g e d nam e to W iscon sin M in n e s o ta L ig h t * P ow er C o . an d In­
creased Its a u th . s to c k fro m $90 0 ,0 0 0 to 8 1 0 .0 0 0 .0 0 0 an d m erged the
C h ip p e w a V a lley R v . L t. & P ow er O o . (in c o r p . in W ls. in 1898) and the
C h ip p e w a V a lley C o n s tr u c tio n C o .
O w ns an d o p e ra te s e le ctr ic lig h t and
nowter. stre e t and Interurban ra ilw a y, gas. d o m e s tic w a te r, and h ot w ater
heatin g properties In Eau C la ire . La C r o sse , C h ip p e w a Falls and M o n o m inio W is ., an d W in o n a an d R od W in g , M in n .
O perates u n d er an in d eter­
m in a te p erm it g ra n te d b y th e W isco n sin R R . C o m m , a n d is p rotected
Juno,' 2 % . ° S to c k all o w n e d b y A m e rica n C itie s C o . an d d iv id e n d s no a g a in st c o m p e titio n b y a n y o th e r p u b lic u tility d o in g a sim ila r business.
lon ger m ad e p u b lic.
"’ in D e c. 1914 th o W ise. R R . C o m m , a u th o rize d th e c o m p a n y t o Issue
$.867,000 pref. an d $ 2 4 4,00 0 c o m m o n s t o c k , c h ie fly fo r tho pu rpose o r a c ­
R E P O R T .— F o r catondar yea rs.
„
„
_
,
qu irin g the p ro p e rty o f th e W in o n a G a s L igh t * C o k e O o ., R e d W in g G as
Y ear— ■
Gross.
N et after T a xes. In terest, A>c.
S u rp lu s
L igh t & P ow er C o ., M in n e s o ta -W is c o n s in P ow er O o . Eau C la ire G a s L ig h t
1915
.$ 9 3 9 ,4 5 1
$ 3 4 9 ,5 2 0
$20 9 ,6 3 7
$ 1 3 9,88 3
C o . and N elllsvllle E le ctric C o .
V . 9 9 . p . 1758.
1 9 1 4 : : : : : : : : : : : : : 9 0 2 ,6 5 5
4 1 2 ,6 6 5
2 0 1 ,0 0 8
2 0 s ,6 0 7
H as c o n tr a c t w ith C o n s u m e rs ’ P ow er C o . o f S t. i aul t o s u p p ly it an d
R O A D .— O n D e c . 31 1915 o w n e d 54.7 2 3 m . o f tr a c k , Incl. 1 3 .317 m iles
th e M in n e a p o lis G en oral E io ctrlc C o . w ith e le ctr ic on ergy fo r 30 yoa rs b e ­
o f d o u b le track ; sta n d a rd ga u g e; 7 0 -lb . an d o v e r T an d gird e r rail.
H as 6 1
op en ca rs, 82 c losed and 14 w ork cars; to t a l. 160.
P ow er s ta tio n has g in n in g w ith 1917.
In terest. O utstanding. M a tu rity.
STO C K AN D BON DS—
D a le.
6 ,8 0 0 k .w . c a p a c ity .
...............
$ 1 ,2 3 2 ,0 0 0
..................
O F F I C E R S .— Pres. & G e n . M g r ., O . II. H a r v o y ; V .- P . , W . S. S h ield s; C o m m o n , $ 5 ,0 0 0 .0 0 0 ------------------------Q -S l
2 ,8 5 9 .0 0 0 S o p t'1 6 . 1 H
P
r
o
f..
8
5
,0
0
0
.0
0
0
(7
%
c
u
m
.)
.
.
.
.
S ec. & T r e a s ., C . J . F lem in g; A u d ., C . A . B rig g s .— V . 83, p . 38: V . 85,
5
g
M
-N
4
,7
0
2
,0
0
0
M
a
y 1 1941
1st * re f M . $ 20 ,000 ,00 0 g o ld l 1914
p . 34 5 , 40 5 , 793; V . 8 8 , p . 1620; V . 9 6 , p . 71 6 . 1021; V . 102. p . 1163.
ln t . p a y a b le In N . Y . or C h ic a g o ,
(8 5 0 0 * $ 1,000) c * ($ l .000) r *
__•
at...*
red „a ptft M
a y ir i 9 @ l 0inr.trlnL
5 * l n t ! H . a r r i s T r u s t * S a v . B a n k . C h ic a g o : T r u s te e .
I A tb o rt W . H arris C o . . T r u s te e .
KOKOMO, IND.
C h lp p V R y L * P ow 1st M l 1907 5 g J-J
6 6 7 .0 0 0 J u ly 1 1924
IN D IA N A R A IL W A Y S & L IG H T C O .
...
(clo
s
o
d
)$
2
,0
0
0
.0
0
0
(8
l,0
0
0
)g
)
I n t. a t H arris T r . * Sava. B k .. C h ic .. 3 ru stee
O R G A N I Z A T I O N .— I n c o r p . in In d ian a o n D e c . 7 1912 as a c o n s o lid a ­
Stock.— Pref. s to c k is prof, as t o assets and d iv id e n d s .
The prel. s tock
tio n o f th e K o k o m o M a r io n & W estern T r a c . C o . . K o k o m o 1 ra n k fo rt *
m ay e lect a m a jo rity o f the d ir e cto r s w hen ever fo u r co n s e c u tiv e qu a rterly
W estern T r a c tio n C o . a n d K o k o m o P u b lic U tility C o . .A c q u ir e d th o G al
d iv id e n d s rem ain u n p aid o r th o p ro p o rty Is sh ow n t o bo In e fficie n tly m a n ­
aged or d e p le te d . See V . 9 9 . P- 54.
B ondi — O f the 1st * ror. b o n d s o f 1914. $ 6 6 7 ,0 0 0 are reserved to retire th e
C h ip p e w a V alloy R y .. L t . & P o w . b o n d s . E scrow b o n d s ca n be issued to re­
tire p rio r lions an d fo r 7 5 % o f c o s t o f e x t. an d a d d 'n s (p r o v id e d 8 2 5 0 .0 0 0 is
(s u b je c t to ren ew al) an d e x te n d toJ1932 o r b o y o n d .




* ® - ’ T ,th o u t \tu> *ssue °.f b o n d s ) , b u t o n ly as regard s th e
rlrst $ 2 ,7 5 0 ,0 0 0 b o n d s . In ca se th e ann ual net earnings are 14* tim es th e m 2 I 2 ! J S ? 5 ? - “ P S i - v 'S - . J Pw Gi Iost: v - p - G e o rg e B u llo c k ; S e c ., .1. A .
^ 4^3 M 47- ^ -93H p J ’l 7 8 3 Chard: A sS t' S c c - 'T r e a s -- J - M . G r o f f .— V . 9 1 .
L0t,a, y ^ ' c b a ,r« 0 '
• b o n d s a p p lie d fo r: b a la n ce m a y be Issued w hen net
Is
\
A
.tim
es
in
t.
ch
V.
1995. am
Sinking
fu n a
d payab
le on
o n in
the
ir ‘ I 'V o lt :—r V. .''“ "arge.
‘ b 'j ' • 9 8 ._p.
u. i-jKo.
icing ju
o ie
e .
' ' idln
‘Including
“
‘
i foI'o w ln8 porcentasns of the bonds outstanding.
underLANCASTER & Y O R K FURNACF S T P P P T P V
A tm iin v
_____________
# P
£ 1 % y?arly 19,13 to 1928. 1 4*%
1929 to19f.______
1938. and 2% 1939 to
OltGANIZATION.— Incorp May i f 1916 In P e n M ^ tn lL a ^ u ^ L r
m u.either
, tor retire
------- ---or —
sion s a
nd a
d d itio n s .
1943.
Bonds
for exten
extensions
and
additions.
I to old Lancaster & York Furnace Street B y . (iS o r o ? “ u ly 2 2 1 9 0 1 ) b S S S rt
Sn F
Paid S e p t. 1 1914; sam e
in, ^ n n n ,Yrndbo, d ®r s J?£>A Prr ’ / F 1916 f ° r $12 5 . s u b je c t t o th e m o r tg a g e fo r
rate q u a r. sin ce t o an^d Yin’ cl.
S e ep ft.- sro,:k
1910 o f
=
y e a r e n d in g M a r c h 31 1916, g ro ss, $ 1 ,1 9 0 ,1 3 1 ; n e t.
phis $ 1 6 8 ’3*30 3 ,7 1 3 : b o n d b 'te r o s t , $2 6 8 ,4 5 0 ; p r e f. d lv s ., $ 16 6,95 0; su r■ « ih S ,« b i P R O P E R T Y , & C .— O w ns an d o p e ra te s 25 m iles o f ele ctric
ra ilw a y , in cl. in teru rb an lino o n p riv a te r ig h t-o f-w a y betw een E au C laire
1 p PevYa I'alls an d lo ca l lines In th o se c itie s .
Present ra te d c a p a c it y o f
co m p a n y s h y d r o -e le c t r ic an d ste a m plan ts a p p ro x im a te s 2 1 ,0 0 0 h. p .
U ltim a te d e v e lo p m e n t, 100,000 h. p . O w ns o v e r 200 m iles o f h igh -ten sion
transm ission lin es a n d has m o r e th an 90 m iles u n d er c o n s tr u c tio n .
A ls o
m a t a s ^ d ° P erates gas p r o p e rtie s In L a C ro sse , c o m p r is in g 55 4* m iles o f
ST68 - J o s - H . B r e w e r .— V . 9 8 , p . 1995; V . 9 9 , p . 5 4 . 610 ,
906, 1453. 1758; V . 100. p . 647 , 1919; V . 101, p . 775; V . 102, p . 1898.

1 st M

$500

g o ld $ 1 5 0 ,0 0 0 ($1001 1908
5 "g" j-J " "
150 0 0 0 J a 'n " 'l" iQ 2 8
& $ 1 , 0 0 ) . . c & r n t f l I n t a t N o rth e rn T r . & S a v . C o ? , L a n c .,V u s t ?
noY
t o ,? aI1 an d h a v e n o s in k in g fu n d .
M llle r e v ille a n d Y o r k

187; V . 101, p . 212 , 2 14 5; V . 102, P M 5 3 , 1 2 4 9 ? 1540? 1 6 2 5 ? 2 0 7 7

P’

LAWRENCE, KANSAS.

KANSAS ELECTRIC UTILITIES CO.

LAKE CHARLES, LA.
k £ K § „ 9 , ! 3 A !$LF.S R A I L W A Y . L I G H T & W A T E R W O R K S C O .
O R G A N I Z A T I O N .— In co rp o ra te d in Lou isiana In 1909.
In Jun e 1909
th e c o m p a n y a cq u ired th e L ake C h arles S treet R y . C o . , o p e r a tin g an ele ctric
ra ilw a y in L a k e C h arles and L a k o C h arles I c e , L ig h t & w a t e r W o r k s C o .
w h ich op era tes an Ice p la n t, e le ctric-lig h t an d p o w e r d e p a rtm e n t and
w ater sy s te m .
F ranchises expire; stre e t-ra ilw a y , 1941: e le ctric lig h t a n d p o w e r , 1920w a ter-w ork s, 1916, self-ren ew in g e v e r y 5 years th erea fter unless c it y b u y s
STO C K A N D BON DS—
D a te .
In terest. O utstanding.
M a tu r ity
S to c k $ 2 0 0 .0 0 0 .........................................
- ...........
$ 2 0 0 ,0 0 0
^
First m ortg a g e $ 5 0 0 ,0 0 0 g o l d / 1909
6 g F -A
195.000
S e e tw it
($500 an d $ 1 ,0 0 0 )_______ c * t In to r-S ta te T r . & B k g . C o . , N o w O rl T ru s
Hands.— R em a in in g bo n d s are fo r im p ro v e m e n ts and exten sion s oil basis
o f $1 in b on d s fo r each $1 33 o f im p ro v e m e n ts , & c.
B o n d s m a tu re $15 000
som i-an n . fro m A u g . 1 1912 t o F o b . 1 1922, b o t h in c l.; r e d o o m a b lo o n ’a n v
ln t. d a y on 30 d a y s ’ n o tico . I n t . is p a y a b lo a t o f f i c e o f tru stee o r a t C h ic a g o
S av in gs B a n k & T r u s t C o ., C h ic a g o . $10 5 ,0 0 0 has boon ro tiro d .
.« .? ,A .R N I N G S -— li,or c a l - y ear 1914. g ro s s , $ 2 4 7 ,9 6 5 .
In 1913. gross
$2 3 1 ,4 4 4 .
R O A D .— C on sists o f 9 m iles o f tr a c k . 6 0 -lb . rails.
O F F I C E R S .— B ras.. J . A . L a n d r y ; S e c ., P . O .M o s s . — V . 8 9 , p . 919 .

LANCASTER, PA.

O R G A N I Z A T I O N .— O rga n ized in K an sas in S o p t. 1915 t o a c q u ir e th e
p rop erties o f th e L a w re n ce R y . & L t . C o .. E m p o r ia R y . & L t . C o . an d
P arsons R y . & L t. C o . Sup pllas e le ctr ic lig h t, p o w e r an d s tre e t r a ilw a y
HioVo1Cei o ? i
E ? p o rla ,an d p a r s o n s , K a n . F ran ch ises e x p ire in
1929, 1931 an d 1938 an d c o n ta in n o b u rd e n so m e r e s tric tio n s . A ls o ow n s
all th e ca p ita l s to c k o f th e S id n ey (O .) E le c tr ic C o ., U n io n C it y (In d )
E le ctric C o . a n d U n ited L ig h tin g C o . o f A lb io n , P a .
v v
'
STOCK A N D BO N DS—
D a le .
In terest.
O utstanding.
M a tu r ity
S to c k , $ 1 ,7 5 0 ,0 0 0 _________ __________
___________
$ 4 0 0 ,0 0 0
U'
Pirst m tg e , $ i . 7 50 .000 ( $ 1 .- / 1915
5 A -O
1 ,1 5 0 ,0 0 0 O c t .- 1*1925
0 0 0 , $500 & $100) g .c * t f / I n t . a t C o n t. & C o m m . T r . & S a v . B a n k
Tax re fu n d in P e n n sy lv a n ia l C h ic ., T r u s te e , a n d F irst N a t . B k . N y ’
B on ds.— R e m a in in g b o n d s m a y b e issued fo r 8 0 % o f cash c o s t o f exten s
Im pts. a n d a d d n s. und er c o n s e r v a tiv e re strictio n s. C a lla b le o n 60 d a y s '
n o tice , all o r p a r t, a t 1024* an d in t. S in kin g fu n d b e g in n in g J a n . 1 1 9 1 7
o f 1 % o f b o n d s o u t fro m 1917 t o 1920 in c l., an d 2 % th e re a fte r. B o n d s t o
be hold a liv e in s k g . f d . In a d d itio n a fu n d is t o b e se t asid e a n n u a lly fo r
b e tte rm ts w h ich w ill a m t. t o a b t . $ 17 2,50 0 b y 1925. V . 102. p . 8 0 3 .
„ A o m /n tfs .— O f c o n s o lid a te d c o s . fo r y ear e n d . S e p t. 15 1915, g ro s s ,
$2 9 0 ,7 0 6 : n e t, a fte r ta x e s, $ 1 2 0 ,5 5 0 . In a d d itio n th o n e t earn in gs o f c o n a p p lic a b le t o d lv s . fo r th e y e a r e n d . A u g . 31 1915 w ere $ 2 3 ,5 0 9 .
a 0K
— O w ns a n d o p e ra te s 10 m iles o f street r a ilw a y in L a w r e n c e ,
4 .8 m iles in E m p o r ia an d 7 .8 m iles in P a rson s; t o t a l. 2 2 .6 m iles. 6 0 -7 0 -lb .
1 X v /u r A ,, ,rP,?torT? a r s - 7 tra H cars an d 1 co m b in a tio n w o rk a n d sn ow ca r.
O F F I C E R S .— P re s .. A lb e r t E m a n u e l, D a y t o n , O .; V . - P . , Ir v in g H ill,

L A N C A S T E R C O U N T Y R A IL W A Y & L IG H T .
V ? 102 ? p.’ 8^ 3 ns k 9 rreaS " L ' A ‘ 1>ettit’ D a y t o n ’ ° - — v - 1 0 1 . p . 1811;
C o n tr o lle d b y th e U n ited G as & E le c. C o r p .— See u n d o r N o w Y o r k .
O R G A N I Z A T I O N .— I n co rp o ra te d o n Ju n o 15 1901 In N ew Je rse y. O w n s
an d co n tr o ls th e follow in g r a ilw a y , gas a n d ele ctric p ro p e rtie s , w h o se s to c k s
„„„„„„
LEETONIA, OHIO.
are p la ced u n d er th e m o rtg a g e o f 1901:
C o n e s to g a T r a c tio n C o .,
I E d ison E le c tr ic C o .
P r ^ ? h V £ i9 ^ T O W N & O H I O R I V E R R R . — A tro lle y an d steam r o a d .
L a n e. G as L ig h t & Fuel C o .
A x r A ,?FYr;Yted b y steam ; passenger s e rv ice b y e le ctr ic ity .
A ls o c o n tr o ls th e C o n e s to g a R e a lty C o .
I« m 5 f A n ( ? A T I O l^ .—i n c o r p o r a t e d in O h io on D e c . 8 1905. In 1906
Franchises are p erp etu a l.
D o e s all the gas an d e le ctric lig h tin g In citie s
years S alem R R . fro m P ittsb u rgh L isbon & W estern R R . C o .
o f L a n ca ster a n d C o lu m b ia , an d p ra c tic a lly all In L a n ca ste r C o u n t y .
7°n iilo s 0 p e r an n u m : fl 16 fo rm e r runs betw een Salem an d W a s h in g to n v ille .
STOCK A N D BON DS—
D a te .
In terest. O utstanding.
M a tu rity
In 1910 ro a d w as re -ca p ita lize d an d new se cu ritie s Issued as b e lo w .
Q -M
$ 1.447.500 S ep t ’ 16 4
S to c k com $ 1.500.000 ($ 5 0 ).................
P r e f $ 1 ,5 0 0 ,0 0 0 ($50) 5 % c u m ------Q -M
1.000.000 S e p t ’ 1 6 ' 1 /
ST O C K A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
M t g o $ 1 ,0 0 0 ,0 0 0 g old ($ 5 0 0 / 1901
5 g J -J
1 .0 0 0 .0 0 0 J u ly i1t 1' 9- 5- 1 S to c k c o m m o n $ 1 .0 0 0 .0 0 0 ___________
...............
$ 1 ,0 0 0 ,0 0 0 ____________
e
an d $ 1 ,0 0 0 )______ c * n t f ___ l In terest a t L a n ca s te r T r u s t C o . , T r u s te;ee.
Preferred $1,000,000 5% cum..........
Q -M
1,00 0 ,0 0 0
See text
I b Irst _ mortgage $2,500,000/
1910
Securities o f L in e s Controlled—
------------------1 , -------5 A -O
1 ,0 5 0 ,0 0 0 A p r 1 1 9 3 5
g o ld ($ 1 ,0 0 0 )-------------------c * j l n t . a t C itize n s S a v . & T r . C o ., C le v e la n d ,
C o n e s t T r a c 1st M $ 2 ,0 0 0 ,0 0 0 / 1900
4 J -J
1 ,2 7 7 ,5 0 0 Jan
1 lo c o
($100, $ 5 0 0 & $ 1 ,0 0 0 )_ _ c * t f ’ Int.
T" f- at
»*■ Prov.
**— ’ Life & m
i ,f 4 i .',“
‘ Ouu>
ja nT
_ rl 11 1950
e, .
, „
,
„
l T r u s te e , o r F irst N a tio n a l B a n k . N . Y .
T r.'Co
Phiia*U
Stock and B on ds.— P r e f. s to c k d iv . is c u m u la tiv e fr o m J u ly 1 1913.
L a n ca ster C it y R R 1st m tg e
1890
5 g A-O
160.000 Apr 1 1920
B o n d s s u b je c t t o ca ll on a n y in t. d a te a t 105 an d in t.
R e m a in in g b on d s
($100 and $ 5 0 0 )_______ c * t f
189*
s K * " T r o S ?’g N . £ , Trustee! are reserved fo r a cq u is itio n a n d ex te n sio n u n d o r ce rta in re strictio n s.
W E St R y 1st M $ 22 5,00 0
D ividends.— D iv id e n d s o n p re f. began in 1910 a n d in th a t y ear 1 ^ % w as
($100 an d $ 5 0 0 )______c * t f Int Jit Metropolitan T r ® ? ? . ¥ V u ^ i ?
L a n cas T r a c 1st M ($100,
p a*d > Inr
1912. 4 4 * % : In 1913 and 1914. 3 ? * % : in 191 5,
1893
5 A -0
225 600 Anr n a o i
__________
$500 and $ 1 ,0 0 0 )...........c * t f r ? L a t L a n ca s te r T r u s t C o . ” L a n e ., T r u s t y 3 '1 % • 1
° 1916. M a r c h , 1
0 : June, 1 \i% an d
% extra a c c t . o f a c c u m u la tio n s; S e n t., l 'A % and % '/c extra a c c t . o r a c c u m u la tio n s .
L a n e G L & F 1st M $ 30 0,00 0
E
A
R
N
I
N
G
S
.—
F
o
r
years
"ending J u n e 30:
( $ 1 , 0 0 0 ) ............................ e n t f l £ t L a n ca ste r T r u s t ^ T a n ^ T A t s ^ 5
Y e a r ending
G ross
E x p ., T axes
N et
Bond
S econ d m o r tg a g e $ 4 0 0,00 0
B a lan ce,
—
E arn ings.
& R entals.
E a rn in g s.
In terest.
( $ 1 . 0 0 0 ) ....................... c * t f
S u rp lus.
f
T
t A JS 1 1, „9,1 5 - 1 6 ---------T h ir d m tg o $ 1 0 0 ,0 0 0 g o ld ■
$ 3 0 9,88 3
$ 1 9 6 ,9 3 8
$ 1 1 2 ,9 4 5
$ 51 ,345
$6 1 ,6 0 0
( 3 1 , 0 0 0 ) ....................... c * t f
1914-15 ---------- 29 0 ,1 6 4
185 ,674
1 04 ,490
5 0 ,0 0 0
5 4 ,4 9 0
C o lu m b ia G as C o 1st m tg e
R O A D .— O perates fro m th e term inus o f th e S tark E le c tr ic R y .. in
$20 0 ,0 0 0 ( $ l , 0 0 0 ) - . c * t f
-----------------------k lu a ie o 1
.. I Haiem , O h io , throu gh th e c it y o f Salem t o a co n n e c tio n w ith th e Salem R R .,
T
r
C
O
.
,
S
S
S
,
S
"
Trait”
E d ison E lec C o 1st & r e f M , 1913
5 F -A
1 ,3 4 2 ,0 0 0 F e b 1 1 9 4 3 a n d o v e r th e Salem R R . fro m Salem th rou gh W a sh in g to n v ille , L e e to n ia .
$ 5 ,0 0 0 ,0 0 0 . . . . ------- - - - - t f L a n ca ste r T r u s t C o ., L a n ca s te r, T r u s te e .
L isbon an d W e st P o in t t o E a st L iv e r p o o l, O h io , a d is ta n ce o f 36 m iles.
E d ison E lec Iliu m C o 1st
A t L e e to n ia . O ., co n n e c tio n is m a d e w ith th e Y o u n g s to w n & Sou th ern R v .,
M $ 3 0 0,00 0 ($100, $500
G w n s 3 2 .1 9 m iles o f track an d leases 6.81 m ile s. S ta n d a rd g a u g e , m o s tly
& $ 1 ,0 0 0 ) ................c & r t f
7 0 -lb . I ra il. Pass, e q u ip ., 7 cars; fre ig h t, 3 lo c o m o t iv e s , 15 cars.
C o l E l L II & P 1st M g o ld
O F F I C E R S .— P res. & A sst. T r e a s ., C h a s. S. T h ra sh e r: V . - P . , G e o . A .
$ 12 5,00 0 ($ 1 ,0 0 0 ) . c & r t f
S tan ley; S e c. & T r e a s ., W a rren B ick n e ll; G en . M g r ., J . D . D e w e e s; O p era t­
C o n e s to g a R e a lty C o 1st M
1908
5 M -N ____
248 000 M iv i iqrq in
g M g r s ., W arren B ick n ell C o .; A u d ., R . F . M ille r.
G eneral o f fic e , L e e $50 0 ,0 0 0 sink fu n d g c . _ t f
In.taVaL La» . er T r u s t C o .’! L a n e ., T rustee8 to n ia . O .; e x e cu tiv e o ffic e s , 304 C itizen s B ld g ., C le v e la n d , O h io .— V . 9 9
p . 409 , 1912; V . 100. p . 644; V . 101, p . 450 , 1887, 2146; V . 102, p . 523 ; V .
103, p . 4 9 4 , 1 1 2 0 . _________

■If* *~

T™st

ass

d a le o n 3 m os. n o tice . C o lu m b ia G a s C o . b o n d s a ro red ™
j V
.
105 and ln t. on 9 0 days* n o tice . $ 1 2 5 ,0 0 0 raserved fo r fii?n»*«niy ,n t ‘
8 5 % o f c o s t th e re o f. O f K dlaon E & .^ C o^ ? Sst a n d " o f b o n fu P,4>^ t‘n ^
reserved to retire u n d erlyin g b o n d s; rem ain der h eld in tr'eas?irv fo r
e x to n .. A c . , a t 8 5 % o f c o s t th e re o f. C o lu m b ia E le c . L t I T & p
red . a t 110 an d Int. on a n y Int. d a te . T h o b o n d * a r e g u a V b v t W l ™ 6
C o u n t y R y . & L t. C o . C o n e s to g a R e a lty C o . b o n d V a r e ^ d f 'a t n ar a n d 1 S 5 ‘
on a n y Int. d a to u p on 3 m o s .’ n o tico . S in kin g fu n d an a m o u n t
m o n th ly s u ffic ie n t t o retire b o n d s a t m a t u r it y /
a m o u n t s o t up
D ividends.— T h o firs t d iv id e n d on th e preferred s t o c k ( 3 % i w as nairi
J u ly 1 1904 an d 3 % w as again p aid o n O c t . 1 1904 . In 1o b . W a n - t e ?
(see V . 79. p . 2 7 9 6 ): J u ly . 3 % : D e c ., 4 H % .
In 1906, 6 H % . In 1 9 0 7 ’ 7 V 6
In 1908 an d sin ce, 5 % . O n c o m m o n , in 1908 t o 1912, incl i o r/ • in l o r ? '
1 2 % : In 1914, 11 y3 % .
In 1915. 1 4 > * % .
In 1916, M a r c h , 2 % ; Ju n o, 3 % : ’
R E P O R T .— F or y ear e n d . D e c . 31 1915, earns. (less expenses and nrn
p ortion o f su rplu s o f s u b . c o s .) , $ 32 7,24 9; b o n d in t., $50 ,0 0 0 : p r o f. d iv°
$50 ,0 0 0 : su rplu s. $2 2 7 ,2 4 9 .
' “ v ..
i '. J 'b o,c ° '! 'l >lne<1 results o f th e su bsid iary c o m p a n ie s fo r th e 12 m o s . end

?435.!oS!0suVruT\$&o!*744,6l7: aet- aftor t!‘xas* $706-981: charKos:
. K O A l) — T h o C o n e s to g a T r a c tio n C o . ft.ho oneratins; c o m m n v i |Q„ „ __

LEWISTOWN, PA.
L E W 1 S T O W N & R E E D S V IL L E E L E C T R I C R Y .
C o n tr o lle d b y th e P en n C en tra l L ig h t & P o w e r C o . o f N . J . ( V . 9 6 , p . 493 )
a n d o p e r a te d in c o n n e c tio n w ith th e Penn C e n tr a l L ig h t & P o w e r C o .
(P e n n a .).
A ll o f th e s to c k and s o m e o f th e b o n d s are s u b je c t t o th e lien
o f th e m o rtg a g e s o f th e P en n C en tral L t . & P o w e r C o .
O R G A N I Z A T I O N .— In co rp o ra te d in P e n n s y lv a n ia o n M a r c h 24 1892:
STO CK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu rity .
S to c k $ 1 5 0 ,0 0 0 ( $ 5 0 ) . ...................................................
$ 1 5 0 ,0 0 0 ’ 0 7 -’0 8 , 5 %
1st m o r tg a g e g o ld ($500 a n d / 1899
5 g J -J
150.000 Ju n e 1 1919
$1,000) $150,000---------c& r l i n t , at M e rch a n ts U n io n T r . C o . P h ila. T r .
2d m o r tg a g e g o ld ($500 a n d ) 1902
5 g M -N
125,000 M a y 1 1917
$ 1 ,0 0 0 ) $ 1 2 5 .0 0 0 ______c& r) I n t. a t C o m ’ w ealth T r . C o . , I la r r is b 'g . T ru s
Bonds.—-T h e ls ts a re n o t s u b . t o call, b u t th e 2ds ca n b e ca lle d a t par.
•— 1 9 ° 2 t - ° 1908. in clu siv e . 5 % p er a n n u m . N o n e sin ce .
E A R N I N G S .— F o r 12 m o s. e n din g J u lv 31 1916, gross, $ 1 3 9 ,3 1 7 ; n et,
a fte r taxes, $ 1 3 ,6 0 9 ; ch arges, $13 ,669 ; b a la n c e , n o n e .
R O A D .— O perates 10.55 m iles o f track fro m L ew lstow n t o R e e d s v ille and
L ew istow n J u n e ., w ith a b ran ch t o B u rn h a m . 60 and 7 0 -lb . T and 7 0 -lb .
girder rail.
O F F IC E R S ^ — Pres, and M g r .. J . 1. Q u ig le y . L e w isto w n : V . - P . , Joh n E .
Z im m e rm a n . P h ila .; S e c. an d T r e a s ., C h a s . D a y . P h ila ., S u o t .. C . E .
G o ss a rd . L e w isto w n .— V . 8 8 . p . 1128: V . 8 9 . p . 919; V . 9 6 , p . 487 .

LEXINGTON, KY.
M ille r s vllle
R y .. 4 .3 0 m iles: L a n ca ste r W ill6 w S te e e t L a m p e te r & Strasbu rg R y ., 1 1 . 1 2
m iles: th e L a n caster P etersbu rg & M a n h eln
i R v 8 30
3f m iles; th e E p h ra ta &
--------------A d a m s to w n , 8.11 m ., and tho Laa n£
n caster
& R ocky S
8r)riri"s
a s te r &
prings, 4 .5■)()
0 m ile s. T h e
latter fou r c o m p le te d and leased fo r 999 yw irs a t a roiR al‘ o f- % o n s t o c k .
S u b sid ia ry gas an d ele ctric co m p a n ie s h a d 1 1 3 2 5 m ^an d 7 I 25 e le ctric
m eters In use on J a n . 1 1916.
i i . 3 2 5 gas a n d 7,3,
,,

, ^

Lines Leased to Conestoga Traction C o

L a n caster M och a n ?csb u rg & N o w H o l l a n d . . . $300?000

Rental~(
il e s 8 % ) - M2 0
.7 6
6
13.15
6
8.11
6
4 .5 6
5 .0 0
430 non 65
17.84
6
8 .3 9
6
6.4 0
6
10.69
6
8.3 0
6
11.12
20
8.4 3

E p h r a t ^ & ^ d a ^ s t o w n 1.0.* .! !^ * " .? ? !! ! 1 .............. 225 000
L a n ca ster & R o c k y S p rin g s____
" 2 0 0 ’non
N ew H ollan d B lu e B all & T o rre H i l l . . -.".
120 on o

Lancaster & Eastern.............................
Lancaster & Quarryvlllo..........

225 000

E liz a b eth & F l o r i n . . . ............................ ............ ..

o^O non

Christiana & Ooatesvillo_____________

365 000

ZZZZZ

L a n ca ster P etersbu rg & M a n h e im ....................I 175’, 000
L a ne. W illo w S t. L a m p e te r & S tra sb u rg____ 2 25 ,000
L a n ca s ter & C o lu m b ia __________________ ZZZZ 3 7 is 0 0




K E N T U C K Y S E C U R I T I E S C O R P O R A T I O N .— A h o ld in g c o m p a n y .
o „ & R O A N I Z A T r o N ’— ^Incorporated in Virginia on Jan . 23 1911 ( V . 9 2 . p .
322) as su cce sso r to the L exin gton & In teru rban R y s. C o . per plan In
V . 92. p . 4 6 1 . O w ns the entire s t o c k o f th e K e n t u c k y T r a c t io n & T e r m i­
nal C o . a n d L e x in g to n U tilities C o .
STO CK A N D BON DS—
D a te .
In terest. O utstanding.
M a tu rity .
C o m m o n $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 ).............
.
$ 2 ,0 5 2 ,2 8 7
P re f $ 2 ,5 0 0 ,0 0 0 ($100) 6% 1
cu m fro m Jan 1 1913_______/ _____
Stock.— B o th c o m . an d p r c f .'a r e listed o n ‘ P h ila t ’ an d ^L ou isvlU e ^^teck
e x ch an g es.
Pref. is also listed o n C in cin n a ti S to c k E x ch a n g e .
P ref.
s to c k is red e e m a b le a t par a n d a c c u m . d iv .
D ivid en d s.— Initial d iv . on p r e f., 1 4 * % . p a id J u ly 15 1913: sa m e ra te
q u a r. t o a n d Incl. J u ly 1916; in O ct. 1916 p a id 1 4 * % an d 4* o r 1 % ex tra
a c c t . o f a ccu m u la tio n s .
t E A R N I N G S . - O f c o m b in e d p ro p e rtie s (K e n . T r a c . & T e r m . C o . an d
L o x . U til. C o .) fo r years e n din g Jun o 30.
June 30.
Gross
N et
Other S in k .F u n d .
Bond
B alance.
1 ear—
E arn ings. E arnings. Incom e. T a xes, A c . In terest.
Surolus
1 9 1 5 -1 6 --------$ 85 0,68 5 $41 2 ,5 2 2 82 9 ,2 0 6 $3 8 ,7 7 4 $ 20 6,80 2 $196 152
1914-15-------- 8 1 1 .6 2 8
379,226.
28.288
3 3 ,3 2 4 2 0 3 ,9 0 5
170.284

O P E R A T I O N S .— C o n s titu e n t c o m p a n ie s o p e r a te 9 5 .5 m ile s o f t r a c k .
T h e y d o th e e le ctric-lig h t a n d p o w e r, ga s. stre e t ra ilw a y an d ice business o f
L e x in g to n . A lso o p e r a te c it y lines in F ra n k fo rt an d ines
L e x in g to n t o G e o rg e to w n , P a ris, N ic h o la s v ille , V ersailles a n d fro m I ran k f ° O F F I C E R S . — P r e s ., P . M . C h a n d le r; V . - P . . J o h n A . M c C a r t h y ; S e c . &
T r e a s ., J . K . T r i m b l e — V . 9 3 , p . 2 8 6 , 1191; V . 9 4 , p . 1185; V . 9 j , p . 176,
V . 9 9 , p . 53 8 . 1130, 1906; V . 101, p ; 6 9 4 , 2068; V . 103, p . 1118.
(1 ) K e n t u c k y T r a c t i o n & T e r m i n a l C o .
O R G A N I Z A T I O N .— In c o r p o r a te d in K e n t u c k y o n M a y 18
s o lid a tio n o f the L ex in g ton R y .. B luegrass T r a c . C o . a n d C e n tra l K e n t u c k y
T r a c t io n C o .
V . 92, p . 1436. T h e en tire s to c k is o w n e d b y K e n t u c k y
S ecu rities C o r p . Fran ch ises p e rp e tu a l e x c e p t th o se o n 1 m ile In W in ch e ste r
exp irin g in 1927.
STOCK A N D BON DS—
D a te .
I n terest. O utstanding.
M a tu rity .

S S l K

f t B

^ coiri
'k ($1r oooi
ra &

w

mi

SV-f-a

B on d s.— R e m a in in g $ 2 5 0 ,0 0 0 new L in c o ln T r a c t io n C o . b o n d s are resorvedi
f ° rD ?ridends.— 1 1 4 % p a id q u a r. o n p r e f. fr o m M a y 1 1909 t o A u g . 1 1 91 6.
in clu sive . O n c o m m o n , 2 % p a id S e p t. 191 2. 1 % p a id M a r . 1 5
1914 an d
1 % p aid S e p t. 1 1914. In 1915. M a r c h , 1 % ; J u n e , 1 % , S e p t ., 1 % .
In.
191 6, A p r ., 1 % ; J u ly , 1 % ; A u g ., 1 % .
E A R N I N G S - F o r j e a r s e n d in g Jurm 3 0 ; ^
^
_
1 9 1 5 -1 6 ........................$ 9 2 9 ,5 7 6
$27 7 ,5 7 0
$ 1 9 4 ,6 7 9
.
* 8 2 ,8 9 1
1 9 1 4 -1 5 I I I I " ____ 8 7 4 ,7 4 8
2 6 0 ,4 5 4
190,311
7 0 ,143
R O A D .— O w ns 5 4 .5 9 m iles o f tr a c k .
O F F I C E R S .— P r o s ., W . E . S h a rp ; V .- P . & G e n . M g r .. J . M . B r a m le tte ;
T r e a s ., S . I I . B u rn h a m ; S e c ., O . J . S h a w .— V . 8 8 , p . 506 , V . 9 0 , p . 1363,
V . 9 1 , p . 94; V . 9 4 , p . 912; V . 9 7 , p . 521 , 1898.

‘lS % « -T i9 B i

s

c*tf tint, at Continental Tr. C o., Baltimore, irus.

B lu e G rass 1st m tg e $ 7 0 0 ,0 0 0 j 1904
5 g M -S
2 9 4 ,0 0 0 M a r 1 1934
tr r«e;nn and $1 0001 c & r t f l l n t . a t C le v e la n d I t . C o ., C le v e la n d , i r u s .
G e o r g e t o w n * I .e x i n g t o n fir s t
1901
5 g M -N 1 5
2 0 0 ,0 0 0 N o v 15 1921
m tg e 825 0 ,0 0 0 g o ld ($100,1 In te re st a t C inchm atd T r . C o . , I r u s t e e , and
c);nn ,tr «1 n ooi
c& rtfl
a t S tan d ard T r u s t C o . , N e w \ o r k .
,
Bonds&— O t t o e 1 s t & r e f b o n d s , $ 1 ,8 4 3 ,0 0 0 are reserved t o retiro prior
liens an d rem ain der for exten sion s, im p ro v e m e n ts , & c ., a t n o t exce e d in g
9 0 % o f c o s t under certa in re strictio n s; $ 1 4 9 ,0 0 0 are in tre a su ry .
T h ey
aro red eem a b le as a w h ole on F e b ru a ry 1 1914 o r a n y ln *orost d a y th eroa fto r , or in p art fo r sin k in g fu n d o n a n y in terest d a y a fte r N o v o m b o r l
1921 a t 105 and Interest. B o n d s are g u a ra n te e d p rin . & in t. b y e n d . b y
th e K e n tu c k y S ocu r. C o r p .
Sinking F u nd K % per a n n u m o f b o n d s o u t .,
1 0 9 1 t o 10*10* 1
1031 t o 1950. V . 9 2 , p . 1564. r h o b o n d s aro lis te d on
P h ila . S to c k E x ch a n g e . V . 9 4 , p . 111 9. Sinking fu n d w ill
}n ?p °
L e x in g to n R y . b o n d s a n n u a lly ; $ 1 3 1 ,0 0 0 w ore h eld in s. f. Ju n e 30 1916.
R O A D .— O perates 9 5 .5 m iles o f tra ck co m p r is in g all stre e t ra ilw a y s in
an d a b o u t L o x in g to n , 16.2 m iles; F r a n k fo r t, 6 .7 m iles; W in ch e s te r, 1.2
m ilos; in teru rb an lin os ra d ia tin g fr o m L o x in g to n t o G e o rg e to w n , l aris,
F r a n k fo r t and N ic h o la s v ille , 6 7 .6 m iles; sid in gs an d sp u rs, 3 .8 m iles. 50 to
8 0 -lb . rails. S tan d ard g a u g e . O w n s 34 c lo s e d and 15 o p o n ca rs .
15 in te r­
u r b a n passen ger, 1 ic e , 2 fre ig h t an d 4 se r v ic e ca rs.
O F F I C E R S .— P r e s ., P e r c y M . C h a n d le r , P h ila .; V . - P . , F . W . B a co n ,
L o x in g to n - Sec T . D . M u r r a y , L e x in g to n ; A sst. S e c ., W . J. D e v in e ,
P M la ” T r e a s ., J . W ill S to ll, L e x in g to n : A sst. T r e a s . . J e r r y W . M c M e e ld n ,
L e x in g to n — V . 9 2 . p . 1178. 1436. 1564; V . 9 4 . p . 6 3 1 . 8 2 6 , 1119; V . 95
p . 1472; V . 97. p. 23 7 ; V . 9 9 , p . 1130.
(2 ) L e x i n g t o n U t i l it i e s C o .
O R G A N I Z A T I O N , & c .— I n c o r p . o n Ju n e 5 1909. S t o c k a u th . a n d o u t ,
$1 0 0 00 0 . A ll s t o c k is o w n e d b y K e n t u c k y S ecu rities C o r n .
D o e s ice and
ele ctr ic -lig h t and p ow er an d gas business in L e x in g to n .
L ig h t an d p o w e r
fra n ch ises expire in 1936. G a s a n d ic e fra n ch ises are p e rp e tu a l.

O M A H A L IN C O L N & B E A T R IC E R Y .
Is t o c o n s tr u c t 56 m iles be tw e e n L in co ln a n d O m a h a , o f w h ich 7 m iles
fr o m L in c o ln t o B e th a n y H eigh ts is c o m p le te d a n d in o p e r a tio n , o r tn e
7 m iles Just m e n tio n e d , X o f a m ile is an e x te n sio n In to th e m ain
c e n tr e o r U n iv e rsity P la ce . S ta n d a rd g a u g e .
7 0 -lb . T r a i l ,
b ra n ch ises,
99 years and po rp e tu a l. S to c k a u t h ., $ 2 ,2 5 0 .0 0 0 ($ 1 0 0 ); o u t s t a nd 1n g ,
$20 ^ 000 . T h o c o . has ap p lie d t o th e N e b ra sk a R R . C o m m , fo r a u th o r ity
t o issue $ 2 ,0 0 0 ,0 0 0 c o m m o n a n d $ 5 0 0 ,0 0 0 p r e f. s to c k a n d P ’ ^OO.OOO b o n d s,
t o c o v e r , it is s a id , th o c o m p le te lin o fro m O m a h a t o L in c o ln , b u t n o t in clu d ­
in g th e e x te n sio n t o B e a trice . V . 103, p . 844 .
E A R N I N G S .— F o r 12 m o s . e n d . D e c . 31 1915, gross, $ 3 5 ,0 0 0 .
O F F I C E R S .— P r e s ., H a r v e y M u s s e r; S e c ., J . O . M u sse r; T r e a s . & G e n .
M g r . .1. M . B r a m le tte ; A u d ., O . J . S h a w . O ffic e , 115 N o r t h 9 th S t .,
L in c o ln .— V . 103, p . 84 4 .

LIMA, OHIO.
W E S T E R N O H I O R R . — A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n Ju n e 7 1910 t o ta k o o v e r
u n d e r loaso th e W e s te rn O h io R y. b u t loaso w as c a n c e le d b y v o t e o f s t o c k ­
h old ers o n J u n e 28 1915 an d th o c o m p a n y 's e le ctr ic lig h t a n d p o w e r p la n t
a t S ld n o y sold t o th e S ta n d a r d P o w e r & E q u ip m e n t C o . a n d all its o th e r
p r o p e r t y an d assets t o th e W e ste rn O h io Railw ay C o . e x c e p t th e s t o c k o f
th a t c o m p a n y o w n e d .
H o ld e r s o f c o m . s t o c k o f W e ste rn O h io
had
r ig h t t o exch a n g e b e fo r e Jan . 1 1911 th e ir s to c k forvs t2£k ° f \%zRtGr2 ^ 2 7 8
R R . o n b a s is o f 3 shares o f R y. / o r o n e sh a ro o f RB . V •9 0 . P . lo 5 6 . 2 9 ,2 7 8
shares w ero s o e x ch a n g e d . S to c k a u t h ., $ 1 ,0 0 0 ,0 0 0 , issu e d , $97 2 ,6 0 0
(1) W e s t e r n O h i o R y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io on O c t . 11 1900. T h is is o n e
o f th o M a n d e lb a u m roa d s a n d fo rm s a lin k in th e th ro u g h ca r s e rv ice fro m
C le v e la n d t o L im a . O u tsid e o f m u n icip a litie s has p r iv a te ri.8 b t-o f-w a y .
Franchises in tow n s are Tor 25 y e a rs . O w n s en tire c o m m o n an^ Pr^ 8tt<^
o f th e L im a F in d la y & T o le d o R y . V . 8 3 , p . 9 7 , 157, 38 1 .
H as c o n tr a c t
t o fu rn ish pow er until A p ril 30 1923 t o L im a & '1 o le d o T ra ctio n , I1t. \V a y n e
V a n W e r t & Lim a T r a c t io n an d In d ia n a C o lu m b u s & E a stern T raction .
W a s leased t o th e W e s te rn O h io R R ., b y w h ic h it is co n tr o lle d th ro u g h
s t o c k o w n e r sh ip , b u t leaso w as c a n ce le d in 1915. See rem ark s a b o v e .
S to c k h o ld e r s o n Ju n e 28 1915 v o t e d t o m a k e th e 1st p ro f, s to c k re d e e m a ­
b le a t 107 Yi to p u t th o c o m p a n y in p o s it io n t o re tire th o s t o c k w h en th e
$ 2 ,5 0 0 ,0 0 0 1st M . b o n d s m a tu re o n N o v . 1 1921 a n d a rran go a c o m p r e ­
h en siv e fin a n cia l p la n .
M a tu r ity .
O utstanding.
STO C K AN D BON DS—
D a te .
In terest.
$ 3 0 ,0 0 0 ____________
C o m m o n $ 3 0 ,0 0 0 ( $ 1 ) ----------------------------------4 7 6 .0 0 0 O c t ’ 16,1 % %
Q -J
1st p f $5 0 0,00 0 ($100) 7 % c u m ------4 5 0 .0 0 0 J ly ’ 14,1 H %
Q -J
2 d p f $ 5 0 0,00 0 ($100) 6 % c u m
2 ,5 0 0 ,0 0 0 N o v 1 1921
5 g M -N
1st M $ 3 ,0 0 0 ,0 0 0 g ($ 1 ,0 0 0 ) ( 1 9 0 1
$26 500 pm m " 8
'iI n L a t C it V 's Y v . & T m s t C o . . C le v e la n d .
$ 2 o ,a
p
-| fj>rust e0j o r p ir s t N a tio n a l B a n k , N . Y .
C o lla te ra l
tru st
m o r tg a g e ! V '1 0
6%
2 4 ,0 0 0 J u ly 1 1 9 3 0
$50 0 0 0 0 _________________ tf\ C le v o la n d T r u s t C o . , T r u s te e .
L F & T 1st m tg e $6 0 0 ,0 0 0 f 1905
5 g J -J
3 4 6 ,0 0 0 J u ly 1 1925
g o ld ( $ 1 , 0 0 0 ) . - - ............. c t f l l n t . a t C itize n s S a v . & Trust C o . . O le v e 8
>
) la n d . T r u s te e , o r in N e w Y o r k .
Bonds — T h e W e s t O h io 1st M . b o n d s h a v e n o sin k . fd . a n d b o n d s are n o t
s u b je c t to call. $47 5 ,0 0 0 h a v e been c a n c e le d .
See V . 76, p . 160, fo r a gree­
m en t a m on g b o n d h o ld e rs . C o ll. tr. b o n d s are c o n v e r tib le in to 1st p r e f.
s to c k an d aro secu red b y d e p o s it o f $ 3 0 ,0 0 0 1st 5s. $ 4 7 6 ,0 0 0 h a v e been
w n v e rt^ .
N o T n k f d 7; r e * , o n N o v 1 1921 a t 110. A s b o n d s are c o n ­
v e r te d . p r o p o r tio n a te a m ou n ts o f th o 1st 5s w h ich aro co lla te r a l w ill be
Car i n 'eiJ m a F in d la y & T o l . b o n d s h a v e a slnfcinff fu n d o f $ 1 0 ,5 0 0 p er a n n ..
w h ich b egan in 1911. A r e s u b je c t to ca ll a t 105. $ 5 4 ,0 0 0 h a v e been reUrD ivideri(U 0— O n I s t p 'r e f. regular q u a r. d iv s . are p a id . , 9 ” ? d T^ 5 f 1 q 1 4 6
d t v ., 1 )4 % , p a id O c t . 1910, a n d sam e a m o u n t q u a r. t o a n d in c l. J u ly 191 4.
N o n e sin ce.
E A R N I N G S .— F o r fisca l y e a r e n d in g Ju n e 30:
Gross
N e t (.after
------D ividends------, B alance,
Y ear—
E a rn in g s. T a x es).
In terest.
1st P r e f. 2d P ref. S u rvlu s.
1 9 1 5 - 1 6 _______ $69 0 ,9 6 9 $25 1 ,2 5 8 $ 1 6 8,70 1
$ 3 3 ,3 2 0
........
191 4-1 5---------. 655 593
2 2 6 .5 8 8
169,061
3 3 ,2 8 5
-----2 4 ,2 4 2
1 9 1 3 -1 4 ” _____ 6 7 0 .8 6 4 2 4 9 ,3 2 2
102 ,360
3 3 .1 1 0
2 7 ,0 0 0
2 6 .8 5 2
R O A D .— O perates fro m L im a th ro u g h W a p a k o n e ta an d S t. M a r y s t o
C elin a ; from S t. M a r y s to M in s te r , and fro m W a p a k o n e ta to I *9 ua: a to ta l
o f 82.01 m .; also L im a t o F in d la y , 3 1 .9 7 m .; thus c o m p le tin g a th ro u gh lin e
t o T o le d o . T o t a l, 113.98 m .. single tr a c k . S ta n d a rd ga u g e. O w n s 20
pa ss, m o t o r cars, 7 fre ig h t m o t o r cars an d 60 fro ig h t an d oxpross trail ca rs.
O F F I C E R S .— P r e s ., F . D . C a rp e n te r, L im a ; V . - P . , E . F . G o u ld , C lo v e .;
S ec & T r e a s ., L . B . W e b s te r , C le v o .— V . 8 8 , p . 626; V . 8 9 . p . 667; V . 9 0 ,
p . 50 4 , 1426. 1492, 1615; V . 9 1 , p . 4 0 , 155, 872 : V . 9 4 , p . 1450; V . 9 9 , p . 8 9 5 .

LINCOLN, NEB.
T H E L I N C O L N T R A C T I O N C O .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In N e b ra sk a in 1909.
Is a c o n s o li­
d a tio n o f the old L in coln T r a c tio n an d th e C itizen s lt y . C o .
V . 8 8 , p . 506 .
H old ers o f the o ld L in coln p ro f, s to c k ($7 0 0 ,0 0 0 ) re ce iv e d 110 In th o now
b o n d s. H olders o f th o old L in co ln c o m . ($3 3 0 ,0 0 0 ) re ce iv e d , fo r e v e r y share
o f o ld , tw o shares o f new p re f. a n d f o u r sh ares o f new c o m m o n .
H o jd e rs
o f C itize n s ' R y . s to c k ($ 4 1 5 ,0 0 0 ) r e c e iv e d 1 0 0 % in new p re f. an d 8 0 % In
Favorable D ecisio n .— O n Jan . 3 1912 N e b ra s k a S u p re m e C o u r t a ffir m e d
th e de cision o f th e lo w e r C o u r t in q u o w a rra n to p r o c e e d ngs b y th e S ta te ,
refu sin g t o o rd e r th e ca n c e lla tio n o f $ 1 ,5 0 0 ,0 0 0 s t o c k , it h a v in g b een
c la im e d t h e s a m e w as " p u r e w a te r.” V . 9 4 , p. 912; see a ls o V . 9 3 , p . 13b3.
•T O C K A N D B O N D S —
D a te.
In terest. O utstanding.
M a tu rity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................................- - - - -

P r e f $ 1 ,5 0 0 ,0 0 0 ($100) 6 % c u - - - - 1st m o r tg a g e $ 1 ,5 0 0 ,0 0 0 g o ld ( 1 9 0 9
t $ l , 0 0 0 ) _____________ c & r t f (In te r e s t
Ola L in c o ln T r a c t io n M g $1.-1 1899
100) ($ 2 5 0 ,0 0 0 )_______ c * t f \ In terest




$ 1 ,6 5 2 ,0 0 0 A u g

16. 1%

Q -E
1 .1 3 8 .1 0 0 A u g 1 6 , 1 H
5 g .J -J
1,25 ),0 0 0 M a r l l O . S J
a t N e w Y o r k T ru st C o . , tru stee.
5 g J-J
2 5 0 ,0 0 0 J a n 1 1 9 „0
a t N e w Y o r k T r u s t C o . , T ru stee

LITTLE ROCK, ARK.
I IT T L E R O C K R A IL W A Y & E L E C T R IC C O .
A m o r . C itie s C o . (see u nd er N e w O rleans) o w n s 8 0 .8 7 % o f c o m . an d
8 0 .1 2 % o f p re f. s to c k s .
O R G A N I Z A T I O N .— In c o r p o r a te d in A rka n sas o n M a r c h 17 1903 a n d Is a
c o n s o lid a tio n o f the L ittle R o c k T r a c t io n & E le c tr ic C o . (g ra n te d a n ew
fra n ch is e o n S e p t. 28 1901 fo r 50 years; V . 7 3 , p . 7 8 4 ),

L i Inet h < ? l a t t e ) ' i V a w i u i r o d c o n t r o l o f t h e

j^ ^ ^ U e s

SSEf?*SI£SSf-^“aSciSS

" in ' F o b ? <I9tlT in c r e a s o (l th o c o m - s to c k fr o m $ 1 .5 0 0 .0 0 0 t o $ 2 ,0 0 0 ,0 0 0 t o
a cq u ire th o assets o f th o M e r ch a n ts ' L ig h tin g C o ., a c o n tr o llin g m e r e s t in
th o C en tral Floating & M fg . C o . an d p r o v id e fo r fu rth e r a c q u is itio n s , o x t s .,
& c. $ 4 1 1.70 0 o f th o now s to c k w as sold a t par; b a la n c e h e ld in tr e a s u r y .
STO C K A N D BON DS—
D a le.
In terest. O utstanding.
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...............
som l-an n
$ 2 ,0 0 0 ,0 0 0 July. 16, 3 ^ ,
6
J
-J
7
5
0
.0
0
0
J
u
ly '1 6 , 3 %
_
P r o f 6 % c u m $75 0 ,0 0 0 ($100)
1903
5 g A -O
1 ,9 1 1 ,7 0 0 A p r 1 1933
F irs t m tg e $ 2 ,0 0 0 ,0 0 0 g o ld
( $ 1 , 0 0 0 ) ........................... - - c * In te re st a t C o m . G e rm a n ia T r u s t & S a v in gs
B a n k , N e w O rlean s, T r u s te e .
1908
6 g A -O
1 ,6 1 5 .0 0 0 A p r 1 1 9 3 8
R e fu n d in g an d e xten sion m tg
$ 5 ,0 0 0 ,0 0 0 ($500 a n d $ 1 ,­ I n t. a t B a n k o f C o m m e r c e & T r u s t C o . ,
M e m p h is ,T r u s t e e .
yjyjyj/
000) g o ld _________________
........ ..................... c *

G°Stocfc°— Pref7stock is redeemable'at 110 and accrued dividend.

$88,300

C° « o n d s .— F h 4 t M o r tg a g e b o n d s are s u b je c t to c a l l ° nf 60 t a j ^ R n ^ b o n d a
a n v intGT6st p eriod a t 107^6. S in k , fu n d o f ^ o f 1 % o f o u ts ta n d in g b o n d s
1 9 0 8 t o 1917; l % t h e r e a f t e ? .
O n J a n . 1 191 6, $ 9 1 .0 0 0 w ere h eld in sk . f d .
T h o re fu n d . & exten sion b o n d s c a n n o t b e c a lle d ; $ 2 ,0 0 0 ,0 0 0 a re reserved t o
retire 1st os an d rem ain d er fo r 8 0 % o f c o s t o f a d d itio n a l p r o p e r ty If n ot
earns for 12 m os. previou s h a v e beon tw ice th o ann ual Int. ch arges o n o u t stan di n g b o n d s ^ ln c l. th o s e t o be Issued
A sin kin g fu n d o f H o f l % o n o u t
sta n d in g b o n d s co m m e n cin g A u g . 1 1 9 i3 Is t o b e in v e s te d in these b o n d s a t
n o t higher than a 4 H % basis, b o n d s to b e k e p t a liv e in fu n d . O n J a n . 1
1916 .fl2 ,0 0 0 w ere h eld in sin k in g fu n d an d $ 8 ,0 0 0 c r e e l e d .
S i 000 000 issu ed as 6s; rate o n su b se q u e n t b o n d s t o b e a t d iscre tio n o f b o a r d
o f d ire cto rs a t n o t e x ce e d in g 6 % .
Seo fu ll p a rticu la rs reg a rd in g b o n d s ,
Vr<SivUiend^ C^ -O n p r o f ! / 6 % *p*er ann um p a id u p t o an d in clu d in g J u ly 1 9 1 6 .
On co “
06 2%^ 1907. 4 U ; 1908. 4 * % : 1959. 8 % : 1910. 8 %
in 1 91 1.
2 0 % . In 1912 t o 1915. in c l., 1 0 % . In J a n . 1916, 1 % , J u ly , 3 % .
E A R N I N G S .— F o r c a l. y e a r s (passongers c a rrie d in 191 5. 1 2 ,3 9 2 .6 5 1 ):
Vpar__
G ross.
N et a f t .l a x ,
I n t . ,<xc.
s u r p lu s ,
^8,81 861
$ 3 7 2,71 4
$ 2 0 5 ,3 3 6
$ 1 6 v ,3 7 8
i n i r f ar
i 9 i 4 " " : : : : : : : : : : : : : : : 8 7 3 :9 7 2
4 0 2 :0 8 6
1 7 8 .3 5 3
2 2 3 .7 3 3
R O A D — O perates 3 9 .5 9 m iles o f tra ck , in clu d in g 12.10 m iles o f d o u b le ­
tra ck
R a lls 7 0 -lb . an d o v e r . 26 o p e n , ^7 c lo s e d , 22 se m i-c o n v e r tib le a n d
7 w o rk cars; t o ta l. 92. O perates F o re st P a rk , lo c a te d a b o u t 6 m iles fro m
th e ce n tre o f th e c it y .
o f f i o f . r s __ Pres
D . n . C a n tre ll; V . - P . & T r e a s ., W . L . H e m in g w a y :
G e n M g r C h a s. J . G r iffit h ; S e c ., W . J . T h a r p .— V . 9 6 , p . 1022; V . J 7 ,
p . 1898;gV . 100. p . 1510; V . 101, p . 2145; V . 102 , p . 1163.

LONG BRANCH, N. J.
AVONMOUTH COUNTY ELECTRIC CO.
O R G A N I Z A T I O N .— In c o r p o r a te d A p ril 1 1901 as a r e o rg a n iz a tio n o f
th o A tla n tic H igh lan ds R e d B a n k & L o n g B ra n ch E le c tr ic R y .
In A p ril
1903 w as g ra n te d a 4 5 -y o a r fra n ch ise t o o p e r a to in Lorn, B ra n ch , in c o n ­
sid e ra tio n o f w hich th o to w n Is t o re ce iv e
o f 1 % ° f gross r e ce ip ts.
R rcrivers__ D efa u lt.— O n A p ril 20 1916 C h a rles 1^. S exton o f L o n g b r a n c h
a n d W m . G . B exlor o f lie d B a n k w ere a p p o in te d re ce iv e rs . I n t . o n b o n d s
has b e e n in d e fa u lt fo r s o m e tim e . T h o p r o p o r t y is a d v e rtis e d t o b o s o ld
a t p u b lic a u c tio n .
STO C K A N D BON DS—
D a te .
In terest.
O utstanding.
M a tu r ity .
Pkstk m t g o ° 3500 W)0 ' ($ 1 0 0 T 1901
5 ‘g J: . ! '
$500,’000 A p r ’ l " 1951
an d $1 OOof g o ld - - - - _ c * } l n t . a t H a m ilto n T r . C o . . B r o o k ly n , T r u s t e e .
O th er d e b t s , D e c 31 1 91 5---------------------------153 ,417 ------------------R O A D .__ O perates in a n d bo tw o o n R o d B a n k an d L o n g B ra n ch a n d fro m
R e d B a n k t o O ce a n ic . T o t a l tr a c k , 17.71 m ile s.
E \ R N I N G S . — F o r ca le n d a r y e a r 1915, g ro ss, $ 7 6 ,3 5 5 ; o p e r a tin g e x p s .,
& c ., $ 8 7 ,4 9 4 ; rep airs, $ 1 9 ,8 4 4 ; d e fic it , $ 3 0 ,9 8 3 .
O F F I C E R S .— P r e s ., W illia m F . H o g a n , B r o o k ly n .— V . 7 2 , p . 8 6 , 39 1 ;
V . 102. p . 2 2 5 4 . _________________________

LONG ISLAND CITY, N. Y.

nAMfne

LONG ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
O R G A N I Z A T I O N .— E n tiro s to c k is o w n e d b y th o L o n g Isla n d R R . I n c o r o o ra te d in N e w Y o r k . O w ns on e -h a lf th o s to c k (th e In ter b o ro u g h R a p id
T ra n sit C o . o w n in g tho o th o r h a lf) aud b o n d s o f N . Y . & L . I . I r a c . a n d
L o n g Isla n d E le c . l t y .
STOCK A N D BO N D S—
D a le .
In terest. O utstanding.
M a tu r ity .
S to c k 825 000 ($100)
____
A ll o w n e d b y L o n g Island I iK .
C o ll trust b o n d s $ 1 0 ,0 0 0 ,0 0 0 ) 1905
W i B
N ono_ v
„ 191.5
g o ld , g u a ra n te e d -----------i i t f / U . S . M t g e . & T r u s t C o ., ^ • Y . , l ru steo.
B o n d s — A re g u aran teed , p rin cipa l an d in te re st, b y L o n g Island R R .
O F F I C E R S .— P re s., R a lph Peters; V . - P . . O . L . A d d is o n ; S e c ., I r a n k E .
H a ff, N . Y .; T r e a s ., J. F . F a h n e sto ck , P h ila d e lp h ia .— V . 8 3 , p . 890 .
O R C L V N IZ A T lO N ^ -^ C h a rtcre d M a y 13 1890.

1USTOCK' a N°D '15OND3— '

^ D a te .

S to c k $ 3 0 ,0 0 0 ($ 1 0 ).................. - - -

In terest.

g -j-jj-

F irst m tg e $ 3 0 ,0 0 0 ( $ 5 0 0 ) - - c U t e ^ ^ ^

$ 2 8 ,9 5 0 o f s t o c k an d all
O iits ta n d in g .

M a tu r ity .

5|6% °0°0° j - o i V r i W O
1>a‘

E A R N I N G S .— F o r y e a r e n d in g D o c . 31 1915, gross, $ 4 4 ,9 5 8 ; n e t , a fter
ta x e s (lo s s ). $ 6 ,2 5 0 : ch a rge s, $ 1 ,7 5 6 ; d e fic it , $ 8 ,0 1 5 .

R O A D .— O w n s a n d o p e ra te s a cross-isla n d lin e fro m H u n tin g to n t o
A m it y v ille v ia F a rm in g d a lo . 18.6 m ile s. O p en ed fo r tr a ffic A u g . 25 1909.
V • oJ» P« 59o>
(2) O c e a n E l e c t r ic R y .
O R G A N I Z A T I O N . — In c o r p o r a te d M a y I 1897. A ll t h e s to c k an d
b o n d s are o w n e d b y L o n g Isla n d R R . O n S e p t. 21 1898 a c q u ir e d R o c k a w a y V illa g e R R . C o .
_ STO C K A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S to c k $ 5 0 ,0 0 0 ( $ 1 0 0 ) . . ....................................... ..
$ 3 5 ,0 0 0 ____
F irst m o r t g a g e $ 2 0 , 0 0 0 . . . n t f 1898
5 A -O
2 0 ,0 0 0 A p r 1 1918
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1916, gross, $ 1 5 1 ,9 0 5 ; n o t, a fte r
t a x e s , $ 5 3 ,1 6 6 ; o t h e r in c o m e , $302; d e d u ctio n s , $38 ,033 ; su rplu s, $ 1 5 ,4 3 5 .
R O A D .— O w n s 8 .4 0 m iles o f first tra ck , 25 passonger cars a n d 3 o th e rs.
(3) L o n g I s la n d E l e c t r ic R y .— A tro lle y r o a d .
In J a n . 1900 c o n tr o l passed t o the In te rb o ro u g h R a p id T r a n sit C o . an d
th e L o n g Island C o n s o lid a te d E le ctrica l C o m p a n ie s , each o w n in g o n e -h a lf
th e s to c k an d b o n d s.
O R G A N I Z A T I O N .— C h a rte re d M a r c h 13 1897 as N e w Y o r k & N o r t h
S h ore R y . O n O c t . 11 1899 w as c o n s o lid a te d w ith th e fo rm er L o n g Isla nd
E le c tr ic R y ., now c o m p a n y h a v in g $ 2 ,1 0 0 ,0 0 0 ca p ita l s t o c k an d $ 2 ,1 0 0 ,0 0 0
b o n d s . O n M a y 7 1902 the lines n o rth o f Jam aica w ere so ld u n d er fo re ­
c lo s u re t o th e Q u een s R y . C o ., w h ich c o m p a n y w as then m e rg e d in the
N ew Y o r k & Q ueens C o u n t y R y . O n A u g . 28 1903 o ld n a m e o f “ L o n g
Isla n d E le c tr ic R y . " w as re su m e d . In A u g . 1909 s to c k w as re d u ce d from
$ 2 ,1 0 0 ,0 0 0 t o $ 6 0 0 ,0 0 0 b y ca n ce lla tio n o f $ 1 ,5 0 0 ,0 0 0 s to ck o rig in a lly issued
t o represen t the p iece o f ro a d w hich su b se q u e n tly b e ca m e th o Q ueens R y .
an d n o w fo rm s p a rt o f th e N . Y . & Q ueens C o u n t y R y .
V . 8 9 , p . 4 2 , 593.
STO C K A N D BON DS—
D a te.
In terest.
O utstanding. M a tu rity .
S to c k $60 0 ,0 0 0 ($ 1 0 0 )...........................
- .............
$ 6 0 0 ,0 0 0 ......................
L I E lec 1st M $ 6 0 0,00 0 f 1895
5 g J -D
60 0 ,0 0 0 Ju n e 1 1925
($ 1 .0 0 0 )___________ c & r .n t f j H a m il t o n T r u s t C o . , B r o o k ly n , T r u s te e .
( In terest p a id b y T rea su rer, N e w Y o r k .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1915, g ro ss, $ 2 5 1 ,8 8 1 ; n o t,
a fte r taxos, $ 2 7 ,0 0 6 . In 1914, gross, $ 2 4 5 ,9 9 7 ; n o t, a fto r ta x e s, $ 7 ,6 8 8 .
R O A D . — C o m p rises 25.23 m iles o f tra ck on 16.30 m iles o f ro a d fro m
O rescen t A v e n u e , B r o o k ly n (a t th e term in u s o f th e K in g s C o u n t y E le v a t e d ),
t o J a m a ica , H ollis an d Q ueens, an d fro m Ja m a ica t o F ar I to c k a w a y . 30
p assen ger cars a n d 8 o th e r s .— V . 8 8 , p . 101: V . 8 9 , p . 4 2 ,5 9 3 ; V . 102, p .1 5 4 0
(4) N e w Y o r k & L o n g I s la n d T r a c t i o n . — A tr o lle y r o a d .
O n Ju n e 20 1905 c o n tr o l w as purch ased jo in t ly b y th e I n te r b o r o u g h
R a p id T r a n sit C o . a n d th e L o n g Isla n d C o n s o l. E le c . C o s . V . 8 0 , p . 2 62 2.
O R G A N I Z A T I O N .— T h is w as fo rm e r ly th e M in e o la H e m p sto a d & F r e e ­
p o r t T r a c tio n (in c o r p . F e b . 27 189 9), b u t n a m e ch a n g e d as a b o v e S e p t. 22
1902, and s to ck in crea sed fro m $12 5 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 .
Fare D ec is io n .— O n Jun e 15 1912 P . S. C o m m ., 2d D is t ., d e c id e d th a t
c o m p a n y Is n o t o b lig e d un d er its fra n ch ise t o lim it its e lf t o a 5 -c e n t fa re
betw een H em p stea d an d B e lm o n t P a rk . V . 9 4 , p . 1696.

t o ^ R« l 1^ S ? TiFor<yoar ondItl« June 30 1916, gross, $291,815: net, after
taxos, $82,488, other income, $2,960; rents, $19,474; surplus, $65,974.
ln tlhe G' ty of New York
operate a street
r«i ro~ dp2ver the Queensboro Bridge from the Manhattan terminal
a
A/ £ ‘ • 1Ioffraan Boulevard, and other streets and
nf S f v ! r t h! nH fh oeh Of Queens to the boundary line between the City
an<1 the S ou,nty of Nassau, together with the right to operate
n n o r a H n n H p ° t h Bridf° - Jho lino has been completed and cars are in
Ounen«
rtlon
8utPhIn Road and Lambertville Ave. in
Tho extension from the L. I. ItR. station at Jamaica. to Tjamhoru
^ aS complet<xi April 26 1916. Total miles single track equiv., 21.
OFFICERS.— Pres., Robt. S. Sloan; V.-P., Harold B. Weaver- Sec
Treas. & Gen. Mgr., S. B. Severson; Asst. Treas. Frederick II Adler- Asst'
v !C98 p .J523?hnSt0ne-_ V - 95’ p / 1 20 7' 1274: V.r 96 pk 3 6 0 ^ 7 9 0 ,^ 3 ;

LOS ANGELES, CAL.
PACIFIC ELECTRIC RAILW AY.
Ail the stock except directors’ shares is controlled by Southern Pacific Co
?Jr- O . E . Huntington owns considerable amounts o f the various bond
Issues of this company, and has pledged them as security under the Hunting­
ton Land & Improvement collateral trust issue.
uunnng.
« f? h t<rAFIr^ATICLNi^7“ I? corp’ ln California on Sept. 1 1911 as a merger
fo ° w‘ “ S subsidiaries of the Southern Pacific Co. (V. 93 p 007V
Han
p'.,uuOPacific Electric Ry.
San Bernardino Valley Traction
C o.
Los Angeles Interurban Ry.
Redlands Central Ry.
Los Angeles & Redondo Ry.
San Bernardino Interurban R y.
Riverside & Arlington Ry.
Los Angeles Pacific Co.
th o ^ P a cific^ E ?e ctrlc‘ i ^ d C n g k ‘ X w ^ a n W l T a i f K f t ’e q u ip m e n t o f
& s L Antonio H e igh te R R
p u rch a se d ‘ h e p r o p e r t y o f th o O n ta r io

servi)cerao ^ y UUder

^

th° Riverslde

& Pacific R R .-p assen ger

s t o 7 k ° 1 1 U o No ? , ( g r ( ? i s6 m . . - 0a<-e; - .

Z

M a tu r itv -

Pac El Ry 1st mtge $10,000,- 1902
^ 5 g J-J
8,411,000 Jan 1 1942
000gold ($1.000)___ c .n t f
at Union Trust C o., San Fran., Trustee.
Los Ang & Pas El Ry M $1,­ IaL
1898
6 g J-J
950,000 Jan 1 1928
000,000 g guar ($1,000) c* Int. at 111. Tr. & Sav. Bk., Chic., Trustee,
« Gan be called at 105— ntf
or at Chase Nat. Bank, New York.
° n t & San Ant Heights 1st M l ^ O S P - A m
236,000 Feb 1 1935
$1,000,000 ($1,000) s f. ntf Int. at Southern Tr. Co., Los A ng.. Trustee.
Pas & Mt L 1st M $500,000 1900
4 g J-D
480,000 June 1 1930
„ Kold ($1.000)...........c*_ntf Int. at Union Trust C o.. San Fran.. Trustee
On June 22 1914 County Judge James P. Niemann held that the company, Cal Pacific Ry
1st *“
mtge
gold 1901
,VJ' lou
»#» koiu
5 g J-J
$480,000 July 1 1941
under its franchise, could not charge more than 10 cents for a 10-milo ride. t
guar.............c -n t fjln t . at C o.’s office in N . Y . & Chase Nat Bk1
V. 99, p. 407. The Appellate DIv. reversed this decision and case Is now
arniv; /v/v iirst
pending In the Court or Appeals.
mortgold $1,000 000c* ntf
Los
Ang-Pac
RR 1st con mtge 1901
STO CK A N D BO N DS—
D a te .
In terest. O utstanding. L a st D ie .
5 A-O
1,465,000 Apr 1 1931
C o m m o n , $ 7 5 0 ,0 0 0 ($ 5 0 )____ ______
.............
$750,000 ................... r „#1 iSOO.OOO g ($1.000) . . n t f Int. at Crocker Nat. Bank, San Francisco
P r e f 5 % cu m $ 2 5 0 ,0 0 0 ($ 5 0 )________
----------250,000 No div. yet Los Ang Her B & Red 1st M 1902
5 g M -N
74,000 May 1 1942
F irst
m tg o ai.uuu.uuu
$ 1 ,0 0 0 ,0 0 0 guiui
g o l d f iu
1902
uu
4 l/ i g M -N 1,000,000 Nov 1 1942
lrso mtge
$500,000 gold ($1,000).ntf Title Ins. & Tr. C o., Los Ang., Trustee.
($1,000)-------------- c& r.n tf 1Intorost paid by Treasurer, New York.
Los Angeles-Pacific RR first [1 9 0 3
5 g M-S
3,242,000 Sept 1 1943
iCitlzens’ Sav. & Tr. Co., Cleveland. O..Trus.
and ref mtge $5,000,000 Int. at Los Angeles Trust Co., Trustee, or at
B onds. — Aro subject to call at 107 on 30 days’ notice, but no sinking mnd
gold ($1,000) s f ___ c* .n tf
u 8 Mtgo. & Trust Co.. N Y ., Co-Trus.
EARNINGS.— For year ending Dec. 31 1915, gross, $428,387 -not aftor Los Angeles Pacific Co ,,u
genf 1906
5 g J-J
1,233.000 Jan 2 1946
taxos, $87,643; other income, $5,422; int., rents, &c., $70 546- sur 899 5ia
consol mtge $12,500,000 Int.
at Union Trust Co., u
San
-----~
uia Fran.,
»i.c*n. , Trustee,
11UOI/CC.
ROAD.— Operates an electric lino connecting Mineola, Hempstead and
gold ($1,000) sinking fund
or at Farmers’ & Merch. Nat. Bank, Los
Freeport, 7.84 miles. Also operates line from Hempstead west 5 58
Angeles,
or
Chase
Nat.
Bank,
New
York.
miles to Queens, where connection Is made with the tracks of tho T.nnS Los Ang-Pac Co 1st ref mtge
1910
4 g J-J
8,298.000 Jan 1 1950
Island Electric Ry. Co. Also a lino 17.01 miles long from Freeport westert?
$20,000,000 g ($1,000) c*tf
Trust Co. o f San Fran., Trustee.
via Rockville Centre, Lynbrook and Valley Stream, to a connection wRh the Los Ang & Redondo 1st mtge .Union
I ? 02. 5 g J-J
500,000 Jan 15 1932
Kings County Elevated Ry. at Brooklyn. Also a line from Oiioons tn
$500,000 g ($1.000) -c * .n tf
I?8Qot
C o’A8aa F r a n ., Trustee.
Mineola via Jericho Turnpike, 5.86 miles. Total, 36 29 miles U Tota*!
Riverside & Arlington 1st M T1?
99
4
p
-A
14
200,000 Aug 14 1919
including second track. 41.31 miles. 30 passenger and lO other cars
’
$200,000 g o ld .............. ntf
Mgr*;?'VV? O^Woodf'Long’island CHy°, N.PY ? “ sw .a& T^cas.’ ’ Frank's" Haff'

v!^;?%77v?”b2“ p.iMi; “ •- « * v- «• ■>-

ffeSs

s.|os » - r v v n * crti5 :/T; & ,,“ i
In t. a t Los A n g . T r . & S B k

of C a ^ T ru ste i

NEW YORK & QUEENS COUNTY R Y .
Redlands St Ry 1st M g $50,­ 1 8 9 9
6 F -A
5 0 .0 0 0 A u e 1 1 Q1 Q
32,048 shares out o f total issue o f 32,350 is owned by tho Interborough
000 ($1,000, &c) redeem T it le In s . & T r . C o .. L o s A n f . , T r u s
R apld rr£ nslt C o..w hich also owns one-half of the stock of the Long Island
at par; no sink fu n d -, ntf , 1 5 5 - a t F irst N a t . B a n k , R e d la n d s, C a l.
Electric Ry. and tho Now York & Long Island Traction.
s
R olan ds St R y 1st M gold . 9 0 1 T 6 M - S
931
$150,000_____
n tf T itle I n s . & T r . C o ., L2 o7 s,0 0A0 n Sg e.,p tT r1u s1te
e.
T„nil™V2oo^AT» ONW— 'IJfcorporaJed June 29 1896 and reorganized on
Juno 30 1899. Purchased tho various lines o f railroad in Long Island City
I n * - a t F irst N a t . B a n k , R e d ia n d s, C a l.
known as the Newtown Ry. C o., tho Riker Ave. & Sanfords Point R R ., the Redlands Central R y 1st M
^ h E lP i? 9 '^99 ( * * 1 ^ 0 0 ) -n t f | l n t . a t L o s A n g . T r .& S B^of^Cal?.1^Trusteed
r0' Mav
« a,n
odnoCthe
& Queens Ry? was’consolidatedwith
Ry.’ J t h e Flushing It
&
T o ta l b o n d s ou tsta n d in g Juno 3 0 1 9 1 5 , $ 5 8 ,4 3 8 ,0 0 0 .
College Point Rv. LIn
1902
and thereuponn increased iIts
» ovwa
o ,000,000. The
stock nuui
from oz.ouu.uuu
$2,500,000 co
to s$5,000,000.
Elec' Rv- If*/ « / . mtge. are to p ro vid e fu n d s to retire
2 l1Sv5?t,R«ih succeeded to the property sold a t foreclosure o f the New York K i l t
g b o n d s; also fo r acq u isition s an d fo r corp orate pu rp oses. B o n d s to
w i K ,ih r r° R y., comprising a lino o f 6 miles from Flushing to Jamaica, bear Interest a t such rate or rates as m a y b e fixed a t tim e o f issue b y °d ir e c ’ i h 0 " ® v e r •, 5 % per a n n u m .
T h e b on d s are Issued in
BaysWo'ant^Manhasset?°V?°74
and C° ,,eg0 Po,nt’ F,ushln« and series, Serita A bein
g th e on ly series Issued.
D e n o m . Series “ A ” $1 000
iono10 «e„Wa? ^ O0Vnb?n^^5;Id??,.acro-ss Blackwell’s Island was opened ln ^ o l b e r ser e s, $ 1 ,0 0 0 , $ 5 0 0 an d $ 1 0 0 . Sinking fund $ 1 0 ,0 0 0 per yea r
,8ept" LI 1^09 the City o f Now York’s municipal trolley across
? ls.,su?,Jec^ to . ca, , frora Sepfc- 1 1 9 1 6 a t 110 an d in t .
O tlm r series
ionobMn?f v «?£ n*,°r>erat 0n7. T .10 round trip fare Is 5 cents. On Dec. 16
p i r f f i c FlJr a r n r ^
‘ X i , 1916
pri £ e ,to be fixed b y board o f d irecto rs,
to°inin*car^nvpr&t?n^ h H lCoUn y rty; was granted a permanent franchise
r a c m c alec. Co. 15 / Mtge .— A su fficien t a m o u n t Is reserved to ratf™
™ oiW car? over tho bridge. Operation began on Fob. 5 1910. V. 90
’000
n nJ
uamn’. c1o m
m e-n c*in
Jan! 1
Parers c h a r g e d 'passengers on,y aro carried across the bridge and no extra ?1 9J n0077 , ffor 6 oyea rs; j th en/ U.n,d
$ 1n
0 ,0J?^5
00 5
per
a n per
n u m ato
1 917
15g ono
| a n n u m to Jan 1 1922 ; $ 2 0 ,0 0 0 per a n n u m to J a n . 1 1927 -’ $ 2 5 0 0 0 n w
Strike .— See Now York Rys. on a subsequent page.
oi/uuii .jo.uuw.wuu

I T l i 40 JJin ’ 1 1? 3 2 : 8 3 0 ,0 0 0 per a n n u m to J a n . 1 1 9 3 7 a n d $ 3 5 0 0 0 an nu?
a lly th e re a fte r, said sin k in g fu n d to bo used In pu rch ase o f th e b on d s b u t

____

fu n d m a y be in vested in oth e r secu rities If b on d s c a n n o t be o b ta in e d tdi' n u
Flushing ,1c College Point 1st 1895
5 g J -D
" ’ 50,666
Los Angeles & Pasadena ls< Mtge .— B o n d s b ea r th e g u a r a n ty o r t h e
"1925
mortgage $50,000 gold____ Now York Trust C o., Trustee.
A n g e le s R y . b y en d .
Sink, fund o f $ 1 0 ,5 0 0 per y ea r o u t o f ^ e t e a m s frm S
Newtown Ry first mortgage .„ 1894
5 g J-D
150,000 Dec 1 1924 I D e c . 1 1 908 t o an d Incl. 19 2 6 ; callab le a t 1 0 5 on .any in t d a te
f
$150,000 gold - ................. Now York Trust C o., Trustee.
Pasadena & M t. Loire b on d s are g u a r. p . & i. b y b o th L o s A n g e le s R v
Stein way Ry first mortgage !892
6 g J-J
1,500,000 July 1 1922 an d L o s A n g e le s & P asaden a E le c . R y . A sinking fund for th o se b o n d s
$1,500,000 ($1,000) g— _c* Int. at Guaranty Tr. Co., N . Y . City Trus gan 10 yea rs from d a te o f bon d s o f $ 5 ,0 0 0 per a n n . fo r first 5 yearn $ 7 500
New York & Queens County 1896
4 g A-O
1.300.000 Oct 1 1940 per a n n . for second 5 veare. $ 1 0 ,0 0 0 per a n n . fo r n e x t S h e a r s an d $ 1 2 ’5 0 0
first consol mtg $3,000,000 Mercantile Trust C o., New York, Trustee per an num for rem ainin g 5 yea rs. R e d . a t 104 an d in te n S t
* 12 ' 500
gold $1,000 each_________
_______________________
____ New York"
Interest at office o f company.
is
ntv' lst,? IlW- *s fo f no s ta te d a u th o rized a m o u n t b n t
Pl^ A ^ rundlng mtge, $10,-1 1906
M-N
ov 1 1930
IS
4 g M^N
See text N
Nov
is lim ite d to $ 2 0 ,0 0 0 per m ile o f co m p le te d tra c k .
N o sinkin g f u n d ’ and

o

a

M

&

a

w “

[, o c

T n u tM -

S i f i r Interborough Rapid Transit and $3,065,000 are reserved for
pr ^
No sinking fund and lionds are not subjoct to call. Under the
staml'lmrQhnf
COD8k
there were originally $2,500,000 bonds outtnn w M m ! S ? n S jmpail.? having defaulted ln payment of Int., reorganlzaw a s S r S n ’a v d, m r n CMth0 holders surrendered $1,200,000, Inter^t

’ •^rg g?

5 S V 28 p“ ' ' c" “- 36

1915-16
„ Other I n c . I n t.& T a x es . D eficit.
1914-15.....................Sl 3«f'n 4?
S2’ 156 $353,533
$294,570
O FFIC E R S^Pr-es.’^w ’ o Wood-’ V P 2vv°°? „ 345’321
312.352
Z e T

v : 8' a T i l 7 5 . n - o - P M . - v . - s s ’. ’» * # &

v ? C s i « ?

v '.'s S :

MANHATTAN AND QUEENS TRACTION CORPORATION

b on d s c a n n o t be called . G u a r . p . & I. b y L o s A n g . T r a c C o • see V
T it le In su ran ce & T r u st C o ., L os A n g e le s, f t u s t e e .

,S f f l K

t S t par*blsat IU1“ « ?; 1

Los Angeles-Pacific RR. 1st Cons. M tg e . — N o t c a llab le

75 n 7 «

5 ’ P’76’

Sinkina fund

a n r H n <4DA n H / ? V o o o d
$.1S.’ 5 0 ? a n n u a U W o u t o f n e t earns o n l / “ to
a n a in cl. A p ril 1 1 9 2 9 . C itizen s Trust & S a v . B a n k . L o s Ancreles t.niQtAo
Ii er^ sa Beach & Red. Rv. 1 st M fp e - i b v p a y a b fi a t C rock e r
nertar^,ail 7 i , ? a ?
Sink, fund began M a y 1 191 3 and retires $ 1 0 5 0 0
p e r a n n . (o u t o f net in com e o n ly ) to an d in c l. M a y 1 19 4 2 .
N o t ca lla b le ^P
rntb?i AnffNcs-T’ a c i/ic RR.lst & Ref. M tg e . — S u fficie n t b o n d s are reserved to
Is n a v a b le f l ^ t >
began ,n 1908c
is p a y a o ie i lrst 6 v e a rs, $ 6 0 ,0 0 0 per a n n . n e x t

$ 5 0 ,0 0 0 p « “ m
6 ywe ahich
rs, $ 7 0 000 nnr ann

*?nn n n n ^ ’ ¥ 0-,°$°yearlyfollow fcg5 years, $90,000per ann.’ n e a t5 y 4 “ ‘
fub?ect to call 7 follow,ng 5 years and 8160.000 per ann. thereafter. S
aik°nn^n° c,es Paci^.cJf9' Geri'S 9 nsoE b on d s h a v e a s i n k , fu n d , 1911 to 1 9 1 5
$ 1 0 ,0 0 0 per a n n .; 1916 to 1 9 2 0 , $ 1 5 ,0 0 0 per a n n .; 1921 to 1 9 2 5 84f» nnn
? an, i 92.8nM
° , $ 7 5 ,0 0 0 per a n n .;’ 1 9 3 1 to 194 4 $ 8 0 1 0 0 0 an n ’a n d 1 9 4 5
to 1 9 4 6 , $ 9 0 ,0 0 0 per a n n .
O f th e $ 1 2 ,5 0 0 ,0 0 0 a u t h ., $ 5 0 0 0 0 0 0 are r ^
served for prior liens.
B o n d s are n o t ca lla b le.
ao.uuu.uuu are re^
Cs°\ & l Ref‘ ^ - — S u b je c t to call as a w h ole or in
aP d a lte r J a n . 1 1 9 1 5 on a n y in t. d a te a t 1 0 5 an d in t. on 3 m o n th s ’
c ? i06'
lu te r e st p a yab le a t c o m p a n y ’s office or a ge n cy in N e w Y o r k
c r n * l’ a c {fic dC o * 5 ’990 P<3r a n n u m began in 1 9 1 0 .
G u a r ., p . & L , b y S o u th n u d ’™

und”

§!'S8! T

as

Action on tho bond issue was deferred until tho company should havo filrd
,tsH pp?rsod mt80-for $10,000,000 with tho consent o f stockholders ^ V Q fl
p. 790; V. 98, p. 523. In 1915 application was withdrawn.
9° ’




• a D)2i 1<^ a r oiPay * 75% o f net in com e an d proceeds from sale o f nroDertv
|
Redlands St. Rv. 1st Mtge. 5 % B o n d j.— $ 5 0 .0 0 0 are r ^ e r ? e < ? fo r th e
I p re viou s issue o f 6 % b o n d s.
N o sinking funds an d b on d s are n o t c a lla b le .

Rrdlands Central III!- Is) M lg e .— Sinking fu n d b egan J u ly 1 1912 a n d retires
« 1 000 nor ann um t o J u ly 1 1917. $ 2 ,0 0 0 n ext 5 y e a rs . $ 3 ,0 0 0
an n u m fo l­
lo w in g 5 vears $4 000 next 5 years an d $ 5 ,0 0 0 fo llo w in g 5 y r s -_ 1^°*' c a lla b le .
Los A n geles A Redondo 1st M lg e .— Sinking fu n d retires $1 0 ,0 0 0 per ann um
nut o f curnlus an d n et ea rn in gs. B o n d s are n o t re d e e m a b le .
1A.
San Bernardino Valley Traction l si M iQ«- b o n d s are s u b je c t t o call a t l0->In t p a y a b le a t F irst N a t . B a n k , R e d la n d s , a n d a t f i r s t N a t . B a n k .

D ivid en d s.— On T r a c tio n p r e f.. 5 % per a n n u m . O n c o m . th e first sem i­
annual d iv id e n d , 1 ) 4 % . was paid O c t . 1 1904.
in 1905, 3 % .
In 1 9 0 6 .
and 1907. 4 % .
In 190S. 3 % .
1909 an d s in ce . 4 % p e r a n n u m .
R O A D .— T h e L o u isv ille R y . C o . ow ns 175 H m iles o f track on 7 7 H m ile s
o f stre e t, w ith 13)4 m iles o u tsid e c it y lim its; all is e le ctr ic . A ffo r d s e n tra n ce
into L o u isville fo r tho L o u . & N o r . R y . A L tg . C o . an d L o u . & S o u . In d .
T r a c . C o . T h o L o u is v ille & In te ru rb a n op e ra te s 102 m iles o f track in J e f­
ferson C o u n t y , in cl. exte n sio n s t o L a G ra n ge and t o S h e lb y v illo in O ld h a m

L °S fln I/ft>rnadino Valley Trac. I s ! A ref. M lg e. b o n d s are re d . a t 105. Sink,
fund retires a t I05 an d int. 12 b o n d s d u rin g 1913-15 (ln c l.) d u r in g 1916 p a y s
oft' 13 b on d s- d u rin g 1917 14 b o n d s; d u rin g 1918-27 p a y s o f f 2 5 b o n d s y r ly .,
HiiHfur 1 3 7
b o n d s y r ly .; 1031 a n d 1932 38 b o n d s e a c h year.
Ontario A San A n t. H eights 1st M tg e. b o n d s are re d . at 101 an d Int. ^ in k fund 1914 a n d follow in g 4 years 1 % o f o u ts ta n d in g b o n d s. 2 % thereafter.
E A R N I N G S .— F o r y ea r en d in g J uno 30 1916, o p o r . r e v e n u e , $ 8 ,8 5 6 ,/9fr
n et reven u es, $ 2 ,8 6 2 ,1 8 5 ; to t a l n o t in c o m e (a fte r ta x e s ), $ 2 ,3 8 3 ,9 2 9 , intoi
est, r e n ts , & c ., $ 3 ,2 0 5 ,6 6 4 ; d e f ic it , $82 1 ,7 3 4 .
R O A D . — O perates an Interurban e le ctric ra ilw a y sy ste m centering^ a t
r
Amreles oxten d in g in to th e c o u n tie s o f L o s A n geles, San B ern a rd in o
R iv ersid e arid O range an d serves th e citie s o f P a sadena, San B ernard ino
R iv ersid e C o lto n , R ed la n d s, P o m o n a , O n ta rio , S an ta A n a , L o n g B e a ch
V en ice. O cea n P a rk , San ta M o n ic a , R e d o n d o , San i 'er n a iid ° , O w ens
m o u th an d L a n kersh im .
T o t a l m iles o p e r a te d , sin gle tr a c k , 1,0 5 8 .3 7
.vliieli 612 33 m iles m ain tr a c k , 3 2 0 .8 6 m iles s e c o n d an d o th e r n v d n track
am i , 95 73 r a t e Of sid in gs a n d tu rn o u ts . S ta n d a rd ga u g e. 49 e le ctric
fo c o m o t iv c s 1 steam^ lo c o m o t iv e . 673 m o to r cars an d 1,260 n o n -m o to r
cars (inel 25 tra ilers); 3 p ow e r sta tio n s. 43 s u b -s ta tio n s a n d 3 p o r ta b le
sub-staM ons
P o w e r p u rch a se d fro m P a c ific L ig h t & P o w e r C o . an d S o u th -

U1 REPO* r Y — o 'f L o u isville R a ilw a y C o . fo r fiscal ye a rs e n d in g D e c . 31.
Cal.
Cross
N et
Other
I n t. A
P f . D w . Com m on B alance.
Y ear. Revenue.
E arn ings. In co m e.
T ares. ( 5 % ) . d ivid en d . S u rp lu s.
1915 $2 940 501 $ 1 ,4 1 4 ,7 7 0 $1 8 0 ,0 0 0 $92 2 ,1 4 4 $12 5 ,0 0 0 $ 5 4 5 ,6 5 0 5 1 ,9 7 6
1 91 4. 3 ,1 6 6 .4 8 2 1,3 6 9 .8 1 8 180 .000 876 ,2 2 5 125 ,000 5 4 o ,6 5 0
2.943
O F F I C E R S .— P re s., T . J . M in a r y ; V .- P .. A . I’ . H u m p h r e y ; S e c . &
T re a s
Sam uol G . B o y lo .— V . 9 4 , p . 35L, 82 6 , 1179; V . 9 6 . p . .>.>3, i9 0 ,
l O l ls V 9 8 . p . 83 2 ; V7 100, p . 733 , 975; V . 102. p . 71 3 . 880.
IN D IA N A P O L IS & L O U IS V IL L E T R A C T IO N R Y .— A t r o l le y r o a d .
O R G A N I Z A T I O N . — I n c o r p . i n M a r c h 1912 i n I n d i a n a a s s u c c e s s o r t o
t h e I n d i a n a p o l i s & L o u i s v i l l e T raction C o ., s o l d a t f o r e c l o s u r e o n M a r c h 21
1912. V. 9 4 , p . 911 . Franchises i n c i t i e s a n d t o w n s a r e f o r 50 y e a r s f r o m
1905; r e m a i n d e r is o n p r i v a t e r i g h t o f w a y .
STOCK AN D BON DS—
D a te.
C o m m o n s to c k $ 6 0 0 ,0 0 0 -------------------

Interest.
-------------

O utstanding.
559 6 .2 0 0

M a tu r ity .
-------------------

LO S A N G E L E S R A IL W A Y C O R P O R A T IO N .
T h n en tire $ 2 0 ,0 0 0 ,0 0 0 s t o c k , e x c e p t d ire cto rs q u a lify in g shares. Is
Huntington,and, along w ith certa in a m o u n ts o f d iffe r ­
ent hontl Issues o f this c o m p a n y an d th e P a cific E le c tr ic R y . (see a b o v e ) . i s
p led ged as secu rity for th e H u n tin gto n L a n d & Im p r o v e m e n t co lla te ra l

F ?M t'm o r t g a g e l i L 5 0 o ! o o 6 ~g\ 1912
5 g A -0
8 B L 8 0 0 A p r l l l 'i 9 4 2
($1 0 0 , $500 Sc $ 1 ,0 0 0 )_ c * t f ( I n t . a t C o lo n ia l T r u s t C o . , P it t s b ., T r u s t e e .
Bonds.— O f rem ain in g 1st M . b o n d s $65 0 ,2 0 0 are fo r im p ts . a n d e x te n s .
a t 8 0 % o f c o s t . S u b j. t o ca ll on a n y in t. d a te at lOo an d in t.
S in k , f u n d o f
2 % per an n u m begins O c t . I 1917, in cre a sin g 1 % e a c h y ear t o an d in c lu d in g
A p ril 1 1921, thon r e d u ce d t o 1 % por ann um th e re a fte r.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1915. g ro s s , $13 7 ,9 0 2 ; n e t , a fte r
♦a xes, $ 4 5 ,7 5 9 . In 1914, gro ss. $14 2 ,9 5 1 ; n o t, a fte r taxes, $ 4 6 ,4 8 /.
R O A D .— 4 0 .9 m iles o f tr a c k fr o m Selleraburg (fr o m w h ich p o in t ca rs
are run in to L o u isv ille o v o r tra ck s o f L o u is v ille & N o rth e r n R y . & L tg . C o .)
t o S e y m o u r , fro m w h ich p la ce it en tors In d ia n a p o lis o v e r th e tr a c k s o f tho
In d . C o l. & S o u th . (In te r s ta te P u b lic S e rvlco O o rp .)
T h rou gh c a r s fro m
L o u isv ille to In d ia n a p o lis w ere p u t Into o p e r a tio n in 1908. S ta n d a rd

t r T h e l.M _ A i w L

8 ao 1 ° F I C K R S .— Pres. & G e n . M g r ., J o h n E . G ro o le y , S c o t t s b u r g , I n d .:

CrnO F F I C E r‘ 1 . - r ? r a . , °P a u l S h o u p . San F r a n cis c o ; S ec & A u d
H. A.
r iiilllim
os A n gelos; T r e a s ., I . W . H e ilm a n , San F ra n cisco ; G e n . M g r .,
J M c M illa n
G e n w i i o ffic e s . P a c ific E le c tr ic B ld g ., L o s A n g e lo s.—
V . 9 9 ? p 4 6 7 . 1367, 1598, 1675; V . 101. P - 132; V . 102. p . 251 .

o w n e d l>v M r . l i . E .

R y .1^Company w as org a n ize d D e c . 2 1913 t o m erge the

V . - P . , M a r k S to re n , S c o tts b u r g , In d .; S e c ., N a th a n ° . E y s t e r , l i t t s b u r g h , P a .; T r e a s ., Jas. C . C h a p lin , P itts b u r g h . P a .— V . 100, p . 733 .
execu te a m tie7 u nd er w h ich $ 2 3 ,5 4 4 ,0 0 0 b o n d s w ere t o b e issued in ex?h em C Vr T 0 0 t a pClin901,On91832Ot’ T h e s e s ™ A r S S t e R a ilw a y Corporation
w - « in co rp o ra te d in C a liforn ia o n N o v e m b e r 7 1910 as su cce sso r t o L os

m ain lin e and p r a ctica lly all d o w n -to w n lin e fra n ch ises ex te n d b e y o n d 1940 .
O w n s en tire $5P.000 0 0 0 s t o c k o f th e C it y R y . o f L o s A n g e le s, in co rp o ra te d
in D e c. 1910 to bu ild new linos fo r th e c o r p o r a tio n .
V . 31.
f !rt
Favorable D ecision .— In a d e cisio n h an d ed d o w n A pril 6 1915 the D is trict

sS tS sS sa a

s s s a s t f f e a ss a a r a a

‘ " s T oV k A N D B O N D S — ’ D a le .
^ H l o . i f o 0.000° ?

In terest.

M a tu r ity .

( I l S o m l L o s A n g e lJ T rust & b a lin g s B a S T T n it e ^ .

SRS2 ®

3

O u tsta n d in g

i % & & & &

Bankers' T r u s t C o .. N ew Y o r k , and b y arran gem en t a t A m jio &; L o n d o n
i , ‘ iy
Rk San F ran
B o n d s are n o t s u b i. t o ca ll. B o n d s h ave sk . id .
o ? S 1 0 0 0 0 per month (hicL s f. o n u n d e rly in g b o n d s) t o b o i n v i t e d in
firat & ref. Pb o n d s°a t 105 an d in t. o r less o r in a p p ro v e d securities; first
& ref. b o n d s pu rchased for s. f. t o b e k e p t a liv e • S 50 5.0 00„bon d s are held

bonds h a v e a sink

fd . 2 % p er an n u m o f p rin cip a l a m o u n t o f b o n d s
w h ich began J a n . 1 1916.
E A R N IN G S .
F o r fis c a l ye a rs e n d t a J J u n e 30
Batanee>
SS
U0e53
, « 2 4
2 :3 0 9 .4 1 6
u e s -e a e
i . m o .too
P R O P E R T Y .— C om p rises 3 8 9 .0 8 m iles o f tra ck ; 6 0 , 7 2 . 87 and 116- ,.
rails
O w ns and con trols 878 p assenger ca rs , o f w h ich 474 " e o f P - A - Y -E
ty p e , 182 cen ter an d ‘J 22 m is c . ca rs, an d
& c. Has
1 0 1 3 - 1 4 : : : : : : : : : s t :oo 3 : ooo

“« £ £ l 2 &

■ W H K i& S I S fir T -

S y t o m . co m p risin g 432.5C
v ..f

.V

; » . 2M 2 f e n o , » S ,

LOUISVILLE, KY.
L O U IS V IL L E T R A C T IO N

C O . - A h o ld in g c o m p a n y .

A n p vat\r/ ATTON__IncorDorated in Now Jersey on July o I” O'? <*nu

L O U IS V IL L E & N O R T H E R N R A IL W A Y & L I Q H T I N Q .
In terests Iden tified w ith th o M id d le W est U tilities G o . are in c o n t r o l.
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r th e general railroad law s ot
In d ia n a In D o c . 1905. $90 0 ,0 0 0 o f th e $ 1 ,0 0 0 ,0 0 0 s t o c k o f th e U n ited
O m & E le ctric C o and $23 2 ,7 0 0 s to c k o f th e N ew A lb a n y W a te r -W o r k s
C o are de p o slto d u nd er th is c o m p a n y s m o r tg a g e .
H as pu rch ased th e
e lectrical e q u ip m e n t o f th e K e n tu c k y & In d ia n a B rid ge C o . an d leases th e
brid g e fo r 25 years, thus a ffo r d in g in d e p e n d e n t e n tr a n c e in to L o u is v ille .
C o m p a n y d o e s ele ctric lig h tin g an d oxnress an d fre ig h t business in a d d itio n
♦o passenger business, lt o a d is m a in ly o n p r iv a to rig h t o f w a y .
STOCK AN D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
J3'
'"
‘ s ^ V e it"
C o m m o n $ 3 .5 0 0 .0 0 0 - - - - - ........................... K y
t O f i S S S s lS o o fo o o " j m
« « £ d
s o o io o o d I T i “ m j
(855 0
0 a
an
SIi.u000
- c ^ ' InT
t.r u
a ts te
x\m
erican
. Sz
, C
icna.g o ,
($
UU
nd
a ^
u u);.............^
e or
a t KTUrot
NS
a av.
t . B aBnakn.k B
o shto
Bonds.— U nissu ed b o n d s c a n o n ly be issu ed fo r 8 0 % o f c o s t o r p r o p e r ty
b u ilt o r a cq u ire d . A re s u b je c t t o call at 105 aud in t.
V . 8 2 , p. 8 6 8 .
S T O C K — T h e Series A p r e f. s to c k Is 0 % c u m ., th e Series B fs c u m . and
is en title d to 2 % in 190 6. 3 % in 1907, 4 % in 1908, 5 % in 1909 an d 6 % in
1 9 DiridCT»ds0— D iv id e n d s fro m J u ly 1 1906 o n b o th cla sses o f p re f. s to c k
w ere paid a t rates c a lle d fo r up to A p ril 190 9, When 3j, % w as p aid o n b o th

ClUF?OY r f — O o^r^tes 20 nUU-sVif tr a c k , L o u S v llle t o S ellorsbu rg, w ith a line
b r a n c h i M t f ^ W a t o M £ d r o n n ln g t o C h a rle s to w n . A t S ellersbu rg
.yith In d & I.ou isv T r a c . R y . C o . , running to S e y m o u r , w hero
“ “ “ S ' u m a d e w ith th e in d C o l. & S o. (In te rs ta te P u blic S e rv ice C o . ) .
t h S ? “ o m i n g T th ro u gh Une b e tw e e n L o u isv ille an d In d ia n a p o lis
The
lin e fro m L ou isville to C h a rle sto w n w ill fo r m p a rt o f a th ro u gh lfn e b e tw e en
L o u is v ille an d C in cin n a ti. S tan d ard g a u g e . 7 0 -lb . 1 rail.
O F F I C E R S .— l’ re s ., C h ester I’ . W ilso n ; V .- l ., I'ra n k S m ith , S e c ., Ira
E G u tiirie all o f In d ian ap olis; T r e a s .. J . F. S tr a tto n , N o w A l b a n y . In d .
V -. 8 2 . p . 50 9 . 8 6 8 ; V . 9 4 . p . 1626.
(1) U n it e d Q a s & E l e c t r i c C o .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a In 1902 an d a c q u ir e d th e
N ew A lb a n y G a s lig h t & C o k e C o ., N ow A lb a n y L ig h t, H e a t & 1 o w e r C o . ,
h 'ffo rs o n v llle E le ctric L ig h t, H e a tin g , G as & C o k e C o . a n d J e ffe rs o n v ille
i i.rhf 'v W ater (^o * also c o n tr o ls th o L o u isv ille A S outhern In d ian a I ra c .
Co® D o « ^ t l r o
a n f e l e ” w ic-llg h tln g business In N ew A lb a n y and
»nrt Siinnlies a ls o i’ o r t F u lto n . S ilver G r o v e and C la r k v llle .
F ranchises. 45 y e a rs in N ew A lb a n y an d 50 yoars in
Jr o m 1902;
in o th e r to w n s fro m 20 t o 40 years. G u aran tees th e $ 2 5 0 ,0 0 0 first m o r tg a g e
b o n d s o f N ew A lb a n y S troet I ty . C o .
STO C K A N D BO N DS—
D ale.
Interest.
O utstanding.
M a tu r ity .

g o l d -----------------

\

C h lc

'prua

and a t KJtot N a t. B k .. B o s .

Bonds — $ 6 7 1,00 0 first co n s o ls are reserved to retlro a lik o a m o u n t o f
first 5 s - and $79 000 h a v e been rotired.
B o th issues m atu re seria lly from
1907 t o 1942 . b u t th e b o n d s o f 1902 m a y b e c a lle d a t 105 an d in t .: th e new
co n s o ls are cA ltablo a fte r J u ly 1 1924 a t 105 and Int. See) V - 7 9 . p . 2458
Y ea r ending Jun e 30
J,:,!.
«T*.i 730 S 3 17 025* $31 2 ,6 8 2
O pera U n g 'o x p e n s cs a n d V axral 1111 I ^ ^ o jilb -t $ 2 2 l ’, 579 ' 202',361 2 0 0 ’, 702
i n f e ? L f ? & c n-83- : : : : : : : : : : : : : : : : : '-$ 1 8 o : l s 9 $ 1 76'.728 S 1 73',454 n 7 i f m

share o f

t o bo used fo r

the^ T ractlon C o . w as Increased fro m $ 1 2 ,0 0 0 ,0 0 0 t o $ V r n m '.500 OTkA o
* qqi
in Anril 1908 p referred s to c k w as increased fro m $ 2 ,5 0 0 ,0 0 0 to
i i l o o i o o o a n c f th e a d d ition a l $ 1 ,0 0 0 ,0 0 0 o ffe r e d t o s to ck h o ld e rs a t p a r, all
0 f ^ h e ColdWL ou isvin e R y . C o . w as In corp ora ted Ja n . 22 1867. and Is a K e n IteCs^bu0rbsPanI t h a s 's l S o o S o o '^ o m m o W c k V n d 6 $2.50°0 000 preferred.
M
S
a ll'^ w n e d 3 b y th e L o u isv ille 'f r a c t io n C o . F ranchises are
H

Z

in th e in terest o f

............. ..
820 .4 3 2 $ 3 6 ,4 2 3 $ 4 1 ,8 0 9 $40 ,587
n p m F ' B S ' — P r e s " " O h w t o f "P." W ils o n ; V .- P ., F ran k P . S m ith ; S e c ..
Ira. E . G u th rie , a ll o f’ ’In d ia n a p o lis ; Tro.as J . F . S tr a tto n , N o w A lb a n y .
l na . _ V . 8 1 . p . 1794; V . 8 2 , p . 871; V . 8 5 , p . 73 7 . 1466.
(n't I n u i« v ille & S o u t l i e r n I n d i a n a T r a c t i o n C o .
O R G A N I Z A T I O N .— I n c o r p . In Indiana u nd er the G en eral R a ilr o a d
I aw s in 1*903 a n d is su ccessor to th o Sou th ern In d ia n a In te ru rb a n R a ilw a y
Co
Leases the N ow A lb a n y S treet R a ilw a y C o . fo r 25 ye a rs fro m A u g . 1
1903 (w ith privile ge o f renew al fo r 25 years) at a y e a rly rental o f $ 5 0 0 , th e
in t ch arges an d taxes an d d iv s. o f 4 % on $ 1 0 0,00 0 Preferred s t o c k .
V . 77.
d 769
In S e p t. 1904 a cq u ire d th o H igh lan d R R . f o r ,$103)00 In b o n d s .
V 70 p . 1643. In D ec. 1905 a cq u ire d th e J e ffe rs o n v ille C it y R y .
See
v ! s i .’ p. 1792.
Is c o n tr o lle d i>y th o U nited G as & E octrl^c C o . . 'w llilch see
above.
Franchises o w n e d are fo r 50 yoars; also p e rm itte d to c a r r y f r e ig h t .
STOCK AN D BON DS—
D a te.
Interest.
O utstanding.
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ($10) .........................................
$ 2 ,?S2*X§X .......................
M ret 6 7 m ? ?tg a g o ' 0 <3)l' 00°000 0 0 0 ( 1903
5 'g M * -S 1 5 1 .000.000 S e p V l f 1923
g o ld ($500 an d S l . b o O l I - c ^ I n t ^ a t A m e n T r u s t & ^ v . B ^ n k . ^ c a g o

A N D BON M

-

DM .

M ere?.

N^

l

»

«

pRr f n ^ ? f f l l K t U 5 9 ? T r u s t

1 0 5 * * I n r 1 S^e V b? 7 d p ^ 769,n2 33 9. ^ N e w ^ l ^ a n ^ S t M l y .'i?on?B a n j s u b J.

flf A T .fs S

. a

.

^IG^OOl.Tooo’ . l l s t t . Y ) —.c * t f j ln N a t

&

4

S

S

w

.

.9 3 0

o / ^ o m m e r c o ^ N ^ Y ..

L ou isv ille R y 2d m t g o . $ 2 .- 1900 4 « g M - S
2 ,0 0 0 .0 0 0 M a r 1 1940
000 000 gold (Sl.OOO)___ t f j In terest a t G e rm a n B a n k , L o u isv ille .
ft/rn/ts__ 000 000 o f th e g e n . m tg o , b o n d s o f 1910 are reserved t o retire
D rk gdien s; th e rem ain d er Is fo r exten sion s an d Im p ro ve m e n ts
B o n d s are
n ot s u b je c t to ca ll. F id e lit y -C o l. T r u s t C o . . L o u is v ille , tru stee.




t o w n on any I n t d a te at 105 & Int and are gu ar, by U n ited G a s & E lec.
R O A D .— O perates 33 m iles o r tra ck , in clu d in g 1 0 Mi m iles l.e^ ‘.1 l™ m
N ew A lb a n y Street R y . an d also lin o betw een N ew A lb a n y an d J e ffe r s o n ­
ville and c ity linos in J e ffe rso n v ille . A n exten sion to L o u isv ille w as c o m nleuxl in S ept. 1905.
Has a c o n tr a c t w ith " B i g F o u r
R R . fo r th e use
o f i t s brid g e o v e r O h io R iv e r an d w ith L o u is v ille U a ilw a y C o ^ a U o w in g lt s
cars to en ter L ou isville.
H as e re cte d an in teru rb an term inal o n T h ir d S t ..
L o u isville .
G ird er rails. 90 lb s .; T 1‘ n«1^ i" ll)' ' ^
^
8 1 d 1792
O F F I C E R S .— Sam e as for L o u is v . & N o r . R y .& L t g . C o .
v .s i.p .u w

McALESTER, OKLA.

C H O C T A W P O W E R & E IG H T CO .
O R G A N I Z A T I O N .— I n c o r p . in D ela w a re o n Ju n e 27 1916 to ta k e o v e r
the ligh t and p o w e r business o f th e C h o cta w I iy . & L ig h tin g C o
foreclosu re (V . 102, p . 1539) and ow n s th e e n tire § 6 0 0 ,0 0 0 c a p it a l’s to c k o f
th e P ittsb u rg h C o u n t y I iy ., in c o rp . in O k la h o m a J u n e 24 < 6 t o h i m
over
r a ilw a y p rop erties.
S to c k , c o m m o n . S l.0 0 0 ,0 0 0 - ( i 4 cu m
$ 5 0 0 ,0 0 0. B o n d s , first m o rtg a g e 5s, o p e n issuo authorized'.
’
„ B O A D .— 1 he I itts b u rg C o u n t y l i y . o p e ra te s in citie s o f M c A le s te r and
H artsh orn e, an d an in teru rb an lin e, o v e r p r iv a te rig h t o f w ajE betw e e n the
tw o cities. 2 3 .2 6 m . o f tra ck .
S ta n d a rd g a u g e f ra il. 6 6 -7 0 -lb T
12
passenger ca rs, 7 o th e r cars.
,
l o - L • **
O F F I C E R S .— P ros., C . N . M a s o n , N . Y .; V .- P . j . A T ra w ie k
S ec.-T re a s S. M . B a ch m a n , N . Y .: G e n . M g r . W . n V o rce
N . Y . o ffic e , 71 B r o a d w a y .— V . 103, p . 940.
o r c e , M c A le s te r .

tal s to c k and
V

b o n d s are o w n e d By G a

93*. p1! 1 5 3 6 A 1670U ’

LC

P ow S &( RvT?

h

r>

n .n n in ^ ^

T ° ta ' ' ‘!n gth ° f tra a s'n ission lin M .’ V 2 5 m O ^ . -

MADISON, IND.
MADISON LIG H T & RAILW AY CO.

McK e e s p o r t , p a ,
Pit t s b u r g h

,. im B O P E R T Y .— Q w n s h y d r o -e le ctr ic p la n t (c a p a c it y 16 0 0 0 e le c

Mc K e e s p o r t & W e s t m o r e l a n d r y

A s o f S ep t. 8 1910 the A m e rica n W a te r W ork s & E le c tr ic C o acauirerl
c o n tr o l an d is n o w op e r a tin g the r o a d , w liich runs betw een Irw in and
M c K e e s p o r t , a b o u t 11 m ile s .— V . 99, p . 467; V . 100, p . 1438.
m n and

O R G A N I Z A T I O N .— I n c o r p . in In d ian a J u ly 25 1896
o l¥.r.,,„,. ,
tl2?st rail 7 a y in M a d iso n and su p p lies lig h t an d p o w e r t o M a d is o n
N o rth M a d is o n , H a n over an d rural d is tric t. F ran ch ises e xp ire in 19 5 0
s . i I ° . i 5 o A(J!oD -B 0 .ND. S .

D a le -

, M

MACOn T GA.

GEORGIA LIGH T. POWER & RAILW AYS.
O R G A N I Z A T I O N .— Is a v o lu n ta r y asso cia tio n fo rm e d u n d er m -iss »
c h u sotts law s In S ep t. 1911.
H as a cq u ire d all th e c o m . s to c k o f M a c o n R v
6 L ig h t C o . . p r a c tic a lly all th e c o m . & p re f. s to c k s o f M a c o n O m p /
§ 3 .6 6 0 ,0 0 0 [o f th e $4,0 0 0 ,0 0 0 ] s to c k o f th e C en tra l G e o rg ia P o w e r C o anH
th e en tire c a p ita l s to c k o f the C en tral G e o rg ia T ra n sm issio n P n
n ow Sc o n s rt ructlo7n ,'°&c ,®% seCuritles o f its c o n s tltu e n t co m p a n ie s Vssued to?
STOCK AN D BON DS—
D a te.
In terest. O utstandina
M a tu rity
M a tu r itv ‘
C o m m o n $ 8 ,0 0 0 ,0 0 0 ($ 1 0 0 ).................................. ............$73560 Q oS'
P ref $ 2 ,0 0 0 .0 0 0 6 % n -c ($100) . . . .
Q -J
500 000 "S n n V «V f”
Flrst lien m tg e $ 6 ,6 0 0 ,0 0 0 / 1911
5 M -S
3 ,5 7 4 Of f) S en t / t o i l
g o ld ($ 1 .0 0 0 ).............c * & r _ . N ew Y o r k T r u s t C o . . N e w Y o r k t r u s t e e 9 1
C o n v d o b s $ 5 0 0 ,0 0 0
g o l d / 1914
6 P -A
500 000 Peh i^ i o v r
( $ 1 . 0 0 0 ) ................................. c\
N e w Y o r k T r u s t C o . N Y T ru s io n 917
Stock and B onds.— P r e f. shares are c a lla b le a t 110 and are n r » f , ,
an d d iv id e n d ; arc listed on P ittsb u rg h S to c k E x ch a n g e
C o m m o n * s to c k
is listed on the P ittsb u rg h , C h ic a g o an d L o n d o n s to c k exch m iges
The
rem ain ing 8 2 ,9 2 6 ,0 0 0 first lien b o n d s are reserved u n d e r c a n t o r restriction ),
fo r a cq u isition s o f o th e r secu rities and fo r e xten sion s a n d im p ts
B o n d s are
secured b y d e p o s it o f all th e se cu rities o w n e d b y G a . L t P A R vs
R ed a ?
105 & Int on a n y to t. d a t e on 30 d a y s ’ n o tice . P rin . & in t. p a y a b le a t o ffic e
o f A .1 1 . L ea ch & C o ., N . Y . , or B ank o f S c o tla n d , L o n d o n . A n nual sk fd
$50 000 1916 t o 920 $75 000 1921 t o 1925 an d $ 1 0 0 ,0 0 0 1926 t o 1946!
V . 9 3 . p . 1532.
B on d s are listed on C h ic a g o . P itts b u rg h a n d L o n d o n s to c k
ex ch an g es. T h e d eb en tu res o f 1914 aro c o n v e r tib le in to p r e f s to c k

R e m a in in g b o n d s are reserved fo r a d d ’ ns an d im p ts . a t 9 0 % o f en st
Sinking fund o f $ 1 ,0 0 0 per ann um fro m J u ly 1 1917 t o 1922 an d $2 000 a n ­
n u a lly th e re a fte r, ca lla b le a t 10 2 H and in t.
* * ’ uuo a n , J A R N I N G S -— f o r y e a r e n din g D e c . 31 1915, g ro ss, $ 5 3 ,5 3 8 - net <$I6 ? ? S
anr1 taxe3v * 1 .3 2 3 ; b o n d i n t ., $6 ,8 4 0 ; s u rp lu s, $8?320
’
r> <'m £ I V E 5 S ’~ 7 Pr»os7 Ti '? asA & ,G e n - M 8 r -. M . F . T e n u is ; V . - P . . C h a s
C.
T e n n is ; S e c . & A u d ., M . R o b in s o n .— V . 9 8 , p . 1767.
as‘

4 8 o :w

MADISON, WIS.

MADISON RAILW AYS.

R v ° R S ^ ? t I^ J « I„ ° ^ V ~ SuU.CCv.essor *2 A Ia y 1 9 1 6 t o t h 0 S ou th ern W iscon sin
expire in
s co i his S ection fo r M a y 1916. Franchises
1JJ2, 1938 a n d 1944, a n d are p r a c tic a lly e xclu sive.
Stock*^6TO.000D($R 00T D S ~
" L T 8* !

D a le '

V om OMO ‘ & “ ,? /,i ®

b o n a , o r im p ro v e m e n ts . &

lnlerCSL

0 , g g 4 nnnnff-

,

M a lu r il» -

s o o f f l M a y I 103s

fh S T o M .

Ifl

191 5 8in cl t o o n e s l n c e ^ d iv S ’ o f 1 ^ % w ero p a id fro n i Jan - 1 1913 t o ’J a n . 1
* i ^ M i ^ G S : r r Por* th2 l 2 ” ?o s - °,n d ; P c c - 31 1915 in terest a n d d iv s .
$ 1 1 5 ,5 7 6 . less all in c o m e d e d u ctio n s , in cl. in t. ch arges and general expenses
A c . . S I 82,439; d e fic it . $66 ,8 6 3 . T h e c o m b in e d results o f th e c o a n d fts
su bsid iaries, w ith in te r-c o m p a n y item s elim in ated w ereanU lts
P eriod Covered—
G ross. N e t (aft. Tax.) Interest
B alance.
7 m os . en d in g J u ly 31 1 9 1 6 . . .$ 5 2 1 ,790 $ 2 6 4 ,0 7 9 $227 677
s
u
r.$
3 6 ,4 0 2
7 m os . en d in g J u ly 31 1 91 5
4 66 ,457 208 428
«
d e f. 13,790
C a len d a r y ea r 1915----------------- 8 39 ,203
4 01 ,773
3 8 1 ’ T70
on Kn a
su r. 2 0,594
P R O P E R T Y .— T h ro u g h co n tr o lle d co m p a n ie s O D e r a t o s e r . Z ' J ° ’ ? 9,4
ra ilw a y and gas business In M m n . f, ■ „ i..V.... * 7 .
Vf a o n G.r o e le ctric
M acon , I
H a m p ton

^

l?nVne m x ? t s ’ * c -= M a y 1 1916, $ 1 5 ,0 0 0 ; N o v

i 1916 a n d v

M ; y 50r0:i 9 1 9 ;, j l 7 i § o y “ “ M a y 1 1918- * 16-00l>t a ^ W

“

1 T o f-

v .Y V w '^ 'd

o S ! ’ - F ° r y e a r Cndlng D e c ’ 3 1 1 91 5’ g r o s s ' * 2 8 1 ,6 7 8 ; n e t. a fte r

B ° A 1.^"“ I 0 w .n s 1 5 nBIes o f sta n d a rd -ga u ge tr a c k , in clu d in g linos In M a d iM a d fs o n .6*
F alr ° a k s ’ E lm sid e. L a k e P a rk C e m e te r y an d S ou th
W Fi ,r^
R S w PreS' ’ M ' 7 ’ M o n tg o m e r y ; V .- P .. D u d le y M o n t g o m e r y ;
320 * T r e a s ., AYarren M o n t g o m e r y ; S u p t., D . M o n t g o m e r y .— V . 103, p .

MANCHESTER, N. H.
A lA N C H E S T E R T R A C T I O N . L I G H T & P O W E R C O .
O B G A N IZ A T I O N .— In co rp o ra te d in 1901 In N e w H a m p sh ire and c o m ­
prises th e severa l lig h t, p o w e r an d street railw ay p rop erties in an d a r o u n d
A ^ n c h e s t e r . T h e c o m p a n y ow n s th e s to c k o f th e M a n ch e ste r E lw tr lc C o
M a n ch e s te r E le c. L t . C o ., M a n ch e ste r St. R v ., M a n ch e s te r & N a sh u a S t ’
B y - < nan\e ch an ged from G o ffs F alls L itch fie ld & I ln d s o n S t R y i n F e b
i 9? 7 ) . and M a n ch e s te r & D e rry S t. R y .
M a n ch e s te r S t. R y . s to c k n ow
a u th o rize d an d issued S I ,219 .5 0 0 . A ls o ow n s e n tire ca p ita l s t o c k o f th#»

(1) M a c o n Railway & Light C o .
O l i O % 0I 7 m n M Ck rS ° Wne<i b y G e o r <?ia L t . . P o w e r & R y s .

C o n tr o l o f the Cieorgia P u b lic S erv. C o r p . (in corn in G a in ivTmv io io \
w as acq u ired in O ct. 1913 b y interests frie n d ly t o th e M a c o n R y & I t P n
an d C en tra l G eorg ia P o w . C o .
V . 97, p. 1286.
c o n i t y . & E t. C o .
In Jun o 1914 G eorg ia R R . C o m m issio n sa n ctio n e d th e Issue o f $ 70 0 0 0 0
ad d ition a l c o m m o n s t o c k , m ak in g th e to ta l $ 1 ,6 0 0 000
9 0 9 ,0 0 0
onH
rtA 2 L 19,>15utha R R . C o m m , do n ie d th o p e titio n s o f th e co m p a n y
i ^ M a c o n . See V ^ l O I ^ p ’ e o T 9 ’ l ° Incroaso 0 ,c ctr ic llg h t an d P ow er rates

^ aNashuLa .’ ’NH H & I>OW’ C ° ” Wh,Ch d06S th ° U ght’ ^ k n d ^ b u s i n e s s
Franchises p e rp e tu a l. In teru rb a n ro a d s a n d m ain tran sm ission linns
onr,Prlv.at° right o f w a y , e x c e p t th rou gh citie s and to w n s
‘
1 oes
n o te s w ere issued t o retire $41 5 ,0 0 0 flo a t in g d e b t in cu rred
fo r a d d itio n s t o p la n t and t o p r o v id e fo r th o co n s tr u c tio n o f a now steam
tu rb in e reserve s ta tio n w ith an initial c a p a c ity o f 8 ,3 0 0 h . p . in clu d in g a
a t M a n c h e s t e r ! tran sm lssion lin o 011 Pr i™ to rig h t o f w a y . an d a s u b -sta tfo n

OomT^oCnK$lA ^)0.0I0 0 I?$I l ^ . ' .

| !lcTkOS 5 f c . 0 0 0 ( » 1 0 0 ) ............. D f “ :
& \ f % T < $ dJS8 - j u i ' ? T i % F irst c o n s o l m tg e $ 2 . 0 0 0 ,0 0 0 / 1901
5 g A -0
1 , 75 0 .()0 0 ApHI M o f ?
x * goUv, ( * I ’01P ? b
.c * n t f ! I n t e r e s t a t A m e rica n T r u s t C o ., B o s to n T r

^ 8 8 7 7oT

19-03
i 'S S T
I
’I o ° lan‘S' f S i
g $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) . c * t f ) I n t . a t E q U itablo T r . C o
N Y
Trmsten3
M a c o n Klee L t & R y 1st m t g e / 1899
6 e l-T
ao znn
$10 0 ,0 0 0 ($500) g o i d . c n r - l i n t , a t E q u ita b le T r . C o . , ’ N . Y a T ru stee9
a te
to a
a^
o ^and
n d ^in
n tt..^.^' w
s 'n i Vinn
t0, ^ J l o n ^ n y T m e r e s t
da
t .iT
110
d f io M
aro held b y Sav an n ahl T r u s t C o . t o retiro th e $ 4 2 ,5 0 0 b o n d s rem ain in g o u t .
See V . 76. p. 212.
1 9 H M n d d'S'’~ 6 % P° r annUm haS been

paId a --a - on P r e f.. 1903 t o O ct.

b o r r i^ ja ,® a i ° « n i ,rri.36u mnra ° r"-”

k-

^

>.»

E A R N I N G S .— Eor years e n d in g D e c. 31.
Y ea r ending
G ross
N et (after
Interest on
P r e f. D iv . B alance,
D ec. 3 1 —
E a rn in g s.
T a x es).
Bonds, the.
(6 % ).
D e fic it.
1915
.................... $ 4 3 0 ,8 6 9
$ 1 0 2 ,4 1 5
$ 95 ,005
8 1 7 ,0 1 6
8 0,606
- “- - - -----;----— . . . 4 5 5 ,5 2 2
100,016
8 8 ,0 8 6
191.4
v‘ 7
1UU,U1U.
DO.WOO
l17,016
/.lllfi
K (\oa
5 .083
Latest E arnings .■—For 7 mos. end. J u ly 31 1916, gross 8264 9 7 ? •
no*
a fte r taxes,
■os. ....
$79,132; int. on bonds, &c., $56,815; pref d V , $9 ;®2 0 ; Z r ’
plu s, $12 ,3 9 1 .
_
O F F I C E R S .— P r e s ., W m . II. F eIton ^ V .-I> .. P . G . G ossler; Sec E W
O abaniss; T r e a s ., R ic h a r d O u d erslu y s.— V . 97 v>. 1286; V . 101, p .'6 9 4 ^ ‘
'
(2 ) M a c o n G a s C o .
r *01fr0 w N. , Z ' V f , 0 £*-— I n c o r p . in G a . In 1852.
W a s fo rm e r ly M a c o n G as
L*-- & J'?fa t 9r c ° . . Out In O c t . 1911 transferred Its w ater p lan t t o th o e ltv
P r a o * n 1^i»me to p resen t titlo. C o n tro ls entire gas busin ess o f M acori^
1 racR eally all tho $48 0 ,0 0 0 c o m . an d $ 2 0 ,0 0 0 p re f. s to c k is o w n e d b y G a ’
* ^ i y xV C o m p a n y has n o b o n d s.
y
a’
t-ilned
(ic m o r r o rT if3**/9 ^ Ju d il0 M a th e w s in th e S u p erior C o u rt sush o l d c r s ^ V l n ^ f o r th o L the 7°™ P a n y to » p e titio n o f tw o m in o rity s t o c k -

i S

S

m

T

' ul 1897

68A-°

. » « . ’o r f i 3 &

^ M S o o ^ r ^ S x ) ) 1.*? l i t 90! , a S , ! S T r .
M a n A D e rr y St R y 1st m t g e / 1907
5 J -D
125 000 D e c 7 ^ 0 9 7
$ 5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g u a r _ _ t f In t. a t A m e rica n T r . C o ? B o s t o n T r u s ten
C oupon
n otes
$ 2 ,0 0 0 ,0 0 0 / 1915
5 g J -D
1 000 000 Innn i i o ^ ‘
g o ld ( $ i . 000 & S500) c * t f 1 In t. a t A m e r. T r u s t C o . B o sto n T r u s t e d 18
/ / on lu T ° r .tho, now fir s t c o n so lid a te d m o rtg a g e . $ 2 5 0 ,0 0 0 are ra se r??d to
retire th e b o n d s o f th e M a n ch e ste r E le ctric L ig h t C o . $77 000 o f th at c o m °
p a n v ’s b o n d s h a v e been purchased Tor th e sin kin g f u n d . T h e M a n c h ^ ^ r
& N ashua S t. R y . and th e M a n ch e ste r & D e rry S t. R y bo n d s are <rnnr^
to e d . prin . and in t ., b y M a n . T r a c ., L t. & I>ower C o
T lm n o t ^ L - e a ? a"
bio as a w h ole at l 6 l and in t. o n an y Int. d a y on 3 0 d a y s ’ n o tice .
c a l,a ~
P R O P E R T I E S .— T h o d iffe re n t road s co n tr o lle d co m p ris o 65 479 m iles
o f tra ck as fo llo w s: M a n ch ester S treet R a ilw a y . 4 2 7 >6 m iles- M a n
» haer«CrJ , J aSli'AS Street B y •• 14 335 m iles; M a n ch e ste r & Dc“ r y ^ ’t. R y
8 .418 m iles.
106 passenger and 18 m isc. cars. 4 h v d r o -e le ctr ir n la n ti
p resent ca p a c ity a p p ro x . 10,000 h. p .; 2 steam reserve sta tlo ^ s a t M a n c h ^
ter and N a sh u a , c a p a c ity 2.6 0 0 h . p . and 2 .0 0 0 h . p. resD ective v
D ivi d r n d s .- V l r s t divid e n d o f 3 % o n J u ly 15 1901; 'p a 7 (f6 % ner ann um
t o and in clu d in g 1906; since 8 % per an n u m . 5 % e xtra d iv in
a . ^ . p& R T i r y,2 U hS , 5 ] S ' j S 3 o T r“ - - L t - 81 r ° ” - ° ° - ” d
' ’x s r i 1 9 1 5 -1 6 .......... $ 1 ,4 2 0 7 9 2
191 4 -1 5 -------- 1 .3 2 5 ,9 5 5

S z l ,.
$630,431
550 ,009

e

$ 1 3 5 ,3 3 2
140,157

$ 3 ,0 0 0
3 000

f

$ 4 Qo h o o
dOKSv*

C h L L T ,9Y,fc.PT t . 0 & ° fp ^ ? ha ? . er S t ’ R y ’ SUrPlUS DOt a p p lic a b le *
C I?rk F EdwPnSi T j Porn1e;

u™ -

^ T t o ’n s t t ^ f A s s t p T re a s B ^ ie m e n t ' r *’

99,rp ’.- r 6 7 3 ? V . ? 0 0 J p ? :i M 4 ? V 7 ? 2 p 2 W f e ; ^ f 10^,3p p 6 6 ? ’ V * 9 8 ‘ P ’ 1 15 7= V ‘

T r r ’-

A

-

* sr.

taxes, $ 2 3 ,0 1 9 ; in t . o n n o te s , $7,147; p r e f. d i v . ° S r ^ s u t m l n s fi
Has 3 gas holders and o v e r 50 m iles o f m ains t o n * VvVf3?..Vs ’ * A°-2 8 8 .
1 00 .000 .00 0 c u . ft. per a n n u m . - V . 93. p . 942 1 537- v o o n now o xceed s
(3) C e n t r a l G e o r g i a P o w e r C o .
...................
P'

S to c k $ 4 ,0 0 0 ,0 0 0 ............
M^e

$3 000 0 0 0 g ($ 1 ,0 0 0 .)

in terest.
1908

5 M N '"

O utstandina.

M a tu rity .

2 .9 6 4 0 0 0 M V v V i o h s

t le n t) . 1 ! 0 0 : ° ; . £. c X r i K m p lrc TrUSt
n I v Y o rS 0 T r u s U . 1938
& m d s.— I n t . o h b o n d s is p a y a b le a t o ffic e o f A . B . L e a ch & C o N v
o r B ank o f S cotla n d . L o n d o n . S u b je ct t o call a t 105 an d int fo r sk fd oV
a n y or all a t c o m p a n y ’s o p tio n o n a n y in t. d a y . Sinking fu n d o f I V n f
b on d s o u t began in 1913. V . 8 8 , p . 1199.
V1
a or
of




MANSFIELD, OHIO
M A N S .-I E L D P U B L I C U T I L I T Y & S E R V IC E C O .
O R G A N I Z A T I O N .— F orm ed In 1915 b y th e h o ld e rs o f th e S350 000
p re f. s to c k o f th e M a n s fie ld R y .. L t . & P o w . C o . (see “ E le c. R y ’ ’ S e c ’ fo r
^ P t - 191 5). w h o had b ro u g h t su it against th e c o m m o n s to c k h o ld e r s o f
th a t c o m p a n y , ask in g fo r th e d isso lu tio n o f th e c o r p o r a tio n .
T h e C o u rt
o rdered its disso lu tio n and th e sale o f its assets (appraised at $1 430 000 )
w h ich w oro a cqu irod b y the new c o m p a n y in S e p t. 1915 fo r SI 0 nno s n h w t
to th e $ 94 2,00 0 b o n d s sh ow n in th e ta b le 7
101 7 l
S'
V- 9 5 . P- 1542: V . 96, p . 63. S to c k o f new c o m p a n y PWa.s n x e d £ t “ ?500

?n^hec?tfy $1 C l $ fraZ hife r S n s f i l l f f i ^ 11^ 7 aDd
ltocTk°$3 ^OO 7$?) .BON. D.S~

sy^

a

^
lTUereSL
M a tu rity .
C1f)omnSt*7on i m tg e (* 4 0 0 - l T1 9 0 l
* -g — —
2 ^ - ^ A- ” , n - i 9 2 3
u 000 t . (
................. - - - - / I n t . a t C le v e la n d T r . C o ., C le v o . T ru ste e
M a n s R y L A P gen m tge $1,-1 1903
5 g A -O
742 000 A n rll l I Q ls
0 0 0 .0d0 ($ 5 0 0 & $ 1 .0 0 0 ).c * f U n io n S a v . B k . & T r . C o . . C in ® " v U t e e 8

B on ds.— In terest o n th e b o n d s o f th e M a n s fie ld R a ilw a y L ig h t & P o w o r
C o . Is p a y a b le a t U n ion S av in gs B a n k & T r u s t C o . , C in c in n a ti.
$ 2 0 0 ,0 0 0
b o n d s are reserved t o retire th e b o n d s o f th e o ld C itiz e n s ’ C o m p a n y and
$ 5 8 ,0 0 0 fo r fu tu re a c q u isitio n s and lm p ts . A reserve fu n d o f $ 1 0 ,0 0 0 per
an n u m Is m a in ta in ed , t o b o used fo r e x ten sion s and I m p r o v e m e n ts . N o t
s u b je c t t o ca ll. S ee V . 7 6 , p . 810.
I- E A R N I N G S .— F o r y e a r e n d . D e c . 31 1915, g r o s s , $ 2 4 8 ,4 9 6 ; n e t , $ 3 5 ,6 0 7 ;
b o n d in t ., $47 ,1 0 0 : d e fic it , $11 ,4 9 3 .
R O A D .— O w ns an d op era tes 9 m iles o f track In M a n s fie ld an d an In ter­
u rb a n lino o f 12 m iles to S h e lb y; 60 an d 7 0 -lb . T ra il. 24 ca rs .
O F F I C E R S .— P r e s ., F red erick H erten stein , C in cin n a ti; V .- P ., R e id
C a rp en ter, M a n s lfle d ; S e c ., S. A . F o ltz . M a n s fie ld .— V . 101. p . 118 9.

In S e p t. 1916 n e w p la n t w as o p e r a tin g sa tisfa c to r ily b u t h ad n o t y e t b een
co m p le te d .
R O A D .— C o m p rise s 1 2 )4 m iles o f tra ck ; 24 ca rs. O w ns a b o u t 42 5acres
o f va lu a b le real e sta te , in clu d in g 75 acres o n " F la g s t a f f H e ig h ts .”
O F F I C E R S .— P r e s ., W m . D o d s ; V . - P . , O . I I . L o t t a ; S ec. & M g r ., J . F .
G e ise r, M a u c h C h u n k ; T r e a s ., G e o . H . M a y o r .— V . 9 0 . p . 1674.

MEADVILLE, PA.

NORTHWESTERN PENNSYLVANIA RY.

O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n sy lv a n ia In M a r c h 1911 as
successor o f th e M e a d v ille & C o n n e a u t L a k o T r a c . C o . , V . 92, p. 187 (a h o ld ­
ing c o m p a n y ) , an d its c o n tr o lle d co m p a n ie s , th o M o a d v ille T r a c . C o . ( V . 92,
p . 262) an d th e P e o p le ’s in ca n d e s ce n t L t . C o ., V . 92, p . 1033. F ranchises
MARION, ILL.
in M e a d v ille expire in 1944. In teru rban fra n ch ise p e rp e tu a l. A ffo r d s c o n ­
COAL BELT ELECTRIC RY.
n e ctio n fo r P en n . R R . S ystem w ith M e a d v ille .
In 1904 passed Into c o n tr o l o f the S t. L o u is Ir o n M t n . & S o u . R y . C o .
In th e latter p art o f 1912 p u rch ased th e E rie T r a c t io n C o . an d th o M e a d STOCK A N D BON DS—
D a te.
I n terest. O utstanding.
M a tu r ity .
villo & C a m b rid g e Springs Street R y .
S to c k $ 3 0 0 ,0 0 0 ( $ 1 0 0 ) . . . .................................................
$ 3 0 0 ,0 0 0 ____________
Fran ch ises.— T h e re are 23 fra n ch ises, o f w h ich 16 aro p e rp e tu a l, 3 fo r 9 9
E A R N I N G S .— F o r fis c a l y e a r e n d . J u n o 30 1916, g r o s s , $84 ,1 9 0 ; n e t, yea rs, and the s h ortest d oes n o t expire until 1937.
$ 2 0 ,7 6 2 ; ta x es, & c ., $ 2 ,7 6 7 ; in te re st, $18 ,5 5 3 ; d e fic it , $558.
S T O C K A N D B O N D S — • D a te .
In terest. Outstanding.
M a tu r ity .
R O A D .— O p erates 15.33 m iles o f track fro m M a r lo n to O a r te r v ille an d
C o m m o n $ 1 ,0 0 0 ,0 0 0 ( $ 5 0 ) . ................................ ..............$ 1 ,0 0 0 ,0 0 0 ................ .........
H e rrin . S tan d ard ga u g e . 52 t o 7 0 -lb . T rail.
P r e f $50 0 ,0 0 0 ($50) 5 % n o n -c .............
....................
500 .000
__________
O F F I C E R S .— P res ., J . G . D rew ; V .- P ., A . R o b e r ts o n ; G e n . M g r .,
5 g M -S
6 5 0 ,0 0 0 M c h 1 1941
First m o rtg a g e $ 1 ,2 5 0 ,0 0 0 / 1911
J . F . M u r p h y ; S e c ., F . W . Irlan d ; T r e a s ., F . M . H ic k m a n ; G e n . A u d .,
g o ld ($ 1 ,0 0 0 )_________ c * t f\ I n t . a t C e n tra l T r u s t C o . , N . Y . . tru stee.
J . G . L lv e r g o o d , S t. L o u is ; S u p t., II. II. B e rry . I llm o , M o .
P e o p le 's In ca n d e sce n t L ig h t! 1900
5%
150.000 D e c 1 1920
C o 1st m t g e ______________t f l D e la . C o . T r . S afe D e p . & T it le I n s .C o .,t r u s .
1st M (E rio D iv ) $ 1 ,5 0 0 ,0 0 0 t f 1912
5 J -D
250 ,0 0 0 S e p t 1 1947
MARION, OHIO.
2d M (E rio D iv ) $ 3 0 5 .0 0 0 .. t f 1912
See te x t
3 0 5 ,0 0 0 S e p t 1 1947
COLUMBUS MARION & BUCYRUS RY.
E rio T r a c (E rio D iv ) $ 5 0 0 ,0 0 0 / 1907
5 g J-J
500 ,000 J u ly 1 1 9 2 9
g o l d ____________________ c * t f i In t. a t S ecu r. S a v . & T r . C o ., E rio, T r u s te e .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io In M a y 1913 as a reorgan iza­
tion o f th e C o lu m b u s M a r lo n & B u cy ru s R R ., sold u nd er fo re clo su re per C o lla t trust n otes $ 1 6 5 ,0 0 0 / 1913
5 M -N
1G5.000 M a r 1 1918
plan V . 9 6 . p . 1488. 1839.
($100, $ 50 0, * 1 , 0 0 0 ) . . . c t f l In t. a t th e S e c. S a v . & T r . C o ., E rie , T r u s .
S T O C K A N D B O N D S — ■ D a te .
In terest. O utstanding.
M a tu r ity .
Stock.— E n tire c o m m o n s to c k is h e ld in v o tin g tru st.
S to c k , $ 3 5 0 .0 0 0 ............................. ................................
$3 5 0 ,0 0 0 ....................
Bonds.— O f th e 1st M . o f 1911, $15 0 ,0 0 0 aro reserved to retire p rio r lions;
F irst m tg e, $ 1 0 0 .0 0 0 ............. t f 1914
6% g
3 5 .0 0 0
1934
rem ain in g b o n d s aro fo r lm p ts ., extensions an d a c q u isitio n s u nd er certa in
G e n * R e f M , $ 3 5 0 ,0 0 0 , g o l d t f 1914
See te x t.
2 5 0 .0 0 0
1944
re strictio n s. S u b j. t o call on a n y in t. d a te a t 105 an d int. A n n u al s. f.
Bon ds.— T h e 1st M . 6s a re re d . a t 10214 an d ln t. o n a n y ln t. d a y .
o f 1% o f b o n d s o u t began N o v . 1 1914. B o n d s retired to b e k e p t a liv e .
R e m a in in g $ 6 5 ,0 0 0 Is h eld b y tru stee p e n d in g co n s tr u c tio n o f p o w e r-h o u se .
V . 92, p . 1033, 1436. O f th e $ 1 ,5 0 0 ,0 0 0 1st M . Erie D iv . b o n d s, $ 5 0 0 ,0 0 0
T h e in terest on th e g e n . & re f. m tg e . b o n d s Is 3 % fo r th e 1st and 2d are reserved t o retiro th o E rio T r a c . b o n d s and $55 0 ,0 0 0 fo r exte n sio n s and
y ea rs, 4 % 3d an d 4 th ye a rs an d 5 % th e re a fte r. $ 1 0 0 ,0 0 0 reserved to b e tte rm e n ts an d $20 0 ,0 0 0 aro in tre a su ry. Sink. fu n d . 1 % a n n u a lly , c o m ­
retire 1st M . b o n d s. V . 9 6 , p . 1488, 1839.
m e n cin g A p ril 1917. E rie T r u s t C o . , E r ie , tru stee. T h o 2d M . b o n d s bea r
E A R N I N G S .— F or c a l. y e a r 1915. gross, $ 3 2 ,0 1 9 : n e t, a fte r ta x e s , $ 6 ,4 6 7
2 % ln t. the first y e a r, a d v a n c in g 1 % ye a rly t o 5 % .
I n t . J .- D . C o lo n ia l
O F F I C E R S .— P r e s ., G e o . W h y sa ll; V .- P . & T r e a s ., Jas. H . C a ld w e ll, T r u s t C o . , P itts b u rg h , tru stee. T h e E rio T r a c t io n b o n d s h a ve a sin k, fu n d
T r o y . N . Y . ; S e c . & A s s t. T r e a s ., R . O . O sw a ld .— V . 9 9 . p . 19 6 , 537 .
o f $20 fo r e v e ry $ 1 ,0 0 0 1st M . b o n d , b e g in n in g J u ly 1 1917 (d e n o m . $ 1 ,0 0 0 ,
$ 5 ,0 0 0 & $ 1 0 ,0 0 0 ). T h e c o ll, tru st n o te s aro secu red b y d e p o s it o f $ 20 0 ,0 0 0
MARION & SUBURBAN RAILW AY CO.
p u rch a s o -m o n e y m o r tg a g e b o n d s .
R e d e e m a b le a t 101 a n d a ccru e d in terest
on 4 w e e k s’ n o tice .
R eceiv ersh ip — I n t . d u e O c t . 1 1909 Is In d e fa u lt.
In F e b . 1910 G e o . W h y
R O A D .— O perates 11 m iles o f tra ck in M e a d v illo , 16)4 m iles b e tw een
sail w as a p p o in te d r e ceiv e r. Suit has been b ro u g h t against th e d ire cto rs
fo r an a c c o u n tin g o f th e pro ce e d s o f b o n d s. T h e hearing w as begu n b e fo re M e a d v ille and L in esville, tn cl. a 2-m iIo exten sion t o C o n n e a u t L a k e ,
U . S. D is trict J u d g e H ollister a t C in cin n ati o n O c t . 19 1914. V . 9 9 , p . 1528. and 42 m iles betw een M e a d v ille an d E rio . T o t a l t r a c k , 70 m ile s . A t
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io S e p t 25 1906 t o bu ild th e L in esville c o n n e c ts w ith th o P en n . R R . S y s te m .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1915, gro ss, $ 2 6 9 ,0 2 7 ; n o t ,
necessary extensions o f tra ck a g e to th e loca l M a rio n C it y lines d em a n d ed
In 1914. gross, $ 3 6 1 ,7 0 1 ; n o t, $ 8 3 ,1 4 5 .
b y th e C it y o f M a r io n .
1)4 m iles c o m p le te d ; n o n e In o p e ra tio n ; n o w o rk Is $ 6 4 ,9 8 0 .
O F F I C E R S .— P r e s ., G e o rg e A . G a s to n , N . Y . ; V . - P . , F . F . C u r t z e . E r ie ,
bein g d on e.
STOCK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu rity . P a .; S e c ., W m . G o o d m a n , N . Y . ; T r e a s ., C h a rle s F a h r, M e a d v ille : M g r ..
S t o c k . $ 2 5 0 ,0 0 0 .............................. ........................ ..
$25 0 ,0 0 0 ....................... C h arles M . H a tch , E rie . G en eral o fflc o , M o a d v ille ; N . Y . o fflc o . 30
F irst
m o r tg a g e .
$ 2 5 0 ,0 0 0 ./ 1906
5 g A -O
2 5 0 ,0 0 0
1936 B ro a d S t.— V . 9 2 , p . 1033, 1436; V . 9 5 , p . 420 ; V . 9 8 , p . 7 4 , 237; V . 9 8 . p .
1246.
g o ld ($ 5 0 0 )_________________ (In te r e s t a t C in c in n a ti T r u s t C o . , T ru ste e .
Bonds.— S u b je c t t o call a fte r 1912 at 110. S in k in g fu n d o f $ 5 ,0 0 0 per
an n u m a fter 1912.
O F F I C E R S .— P res., G e o . H . H o lz b o g ; V .- P . , J . G . W e b b ; T r e a s ., N . J .
MEMPHIS, TENN.
C a tr o w ; S e c ., H . B . H a n e .— V . 9 9 , p . 1528.

MEMPHIS STREET RAILW AY CO.

A m e rica n C itie s C o . (see u n d e r N o w O rleans) o w n s 8 6 % c o m m o n and
8 8 % p referred s t o c k .
CENTRAL ILLINOIS PUBLIC SERVICE CO.
O R G A N I Z A T I O N .— C h a rte re d In T en n essee on M a r c h 28 1895 a n d c o n ­
C o n tr o lle d b y M id d le W e s t U tilitie s C o . , w h ic h see In o u r " R a ilw a y & s o lid a te d w ith tho C itize n s’ S t ., E a st E n d S t ., C i t y & Sub u rban an d M e m ­
p h is & R a loigh S prings linos; fra n ch ises run u n til N o v . 1945. O w ns a n d
In d u s tr ia l” S e ctio n .
O R G A N I Z A T I O N .— I n c o r p . In Illin ois In 1902 as th e M a t t o o n C it y R y . op e ra te s th o en tire stroot ra ilw a y business o f th o c it y , in clu d in g s u b u rb s o f
an d on A u g . 25 1910 ch a n g e d Its n am e t o th o a b o v e . V . 91, p . 65 5 . U p B in g h a m to n , R a lo ig h S prings a n d S o u th M o m p h is an d a lino t o L a k o V lo w ,
t o A u g u st 1 1912 d id an ele ctric lig h t, po w e r and h e a t business in M is s .
In M a r . 1913 pu rch ased th e p r o p e r ty (e x clu d in g th o b u ild in g o w n e d In
M a t t o o n an d an electric ligh t an d pow er business In C h a rle sto n and K a n sa s,
111., besides o p e ra tin g s treet railw ays In M a t t o o n and C h a rle sto n and an M e m p h is and th e car barns) o f tn e L a k o v ie w T r a c . C o . (sold a t fo re closu re
Interu rban ra ilw a y b e tw e e n th o s e t w o p o in ts . S in ce A u g . 1 1912 has a c ­ in S ep t. 1912) fo r $16 0,00 0. p a y m e n t t o b e m a d e in 2 0 -ye a r L a k ovlow
q u ired n u m erou s a d d itio n a l p u b lic se r v ic e p ro p e rtie s a n d n o w serves 116 T r a c tio n b o n d s bearin g 2 % in t. fo r 2 yoars, 3 % fo r 3 years, 4 % fo r 8 years
tow n s w ith an es tim a te d se rv e d p o p u la tio n o f 2 7 5 ,0 0 0 . A ll o f th o 116 an d 5 % fo r th e last 7 y e a rs . V . 9 6 , p . 8 6 3 .
D ecisio n as to Fares.— O n S e p t. 7 1907 the S u p rem e C o u r t o f T e n n essee
to w n s are serv ed w ith e le c tr ic ity , 6 w ith g a s , 11 w ith w a te r, 13 w ith Ice.
6 w ith h eatin g an d 6 w ith stre e t ra ilw a y s e r v lc o , an d th e c o . co n tin u es rendered a decision h o ld in g Invalid th e M a lo n e o rd in a n ce p r o v id in g fo r
t o o p e r a te th e ele ctr ic in teru rb a n lin o b e tw e e n M a t t o o n a n d C h a rle s to n , certa in redu ced fares. V . 8 5 , p . 654 . T h e S u p rem e C o u rt has co n fir m e d
th e c o . ’s fra n ch ises In all re sp e cts. In clu din g rig h t to ch a rg o 6 -ce n t fa re.
111. In a d d itio n ow n s fra n ch ises in a n u m b e r o f to w n s t o w h ich s e r v ic e w ill
T h e S tate S up rem e C o u rt sustain ed th o d e cisio n o f th e C o u rt o f C iv il
b e s h o r tly r en d ered , b r in g in g th e to ta l n u m b e r o f c o m m u n itie s se rv e d u p t o
A p p e a ls o f T en nessee In M a y 1915, h o ld in g th a t th e co m p a n y w as n o t
134 . (C o m p a r e V . 9 5 , p . 1744.)
In N o v . 1913 Increased a u th . ca p ita l s to c k fro m $ 6 ,0 0 0 ,0 0 0 ($ 3 ,5 0 0 ,0 0 0 o b lig a te d to Issue transfers u p o n Its tick e ts sold a t th o rate o f 11 fo r 50 cen ts .
City Ordinance N o t Yet E n forced .— O n M a r . 13 1914 C h a n ce llo r Fen tress
c o m . an d $ 2 ,5 0 0 ,0 0 0 p r e f.) t o $ 1 0 ,0 0 0 ,0 0 0 ($ 5 ,0 0 0 ,0 0 0 o a c h ).
V . 97, p .
1583. I n J u ly 1916 a u th . s t o c k w as fu r th e r in crea sed t o $ 7 ,5 0 0 ,0 0 0 p r e f. gra n ted an in ju n ctio n restraining th o c it y fro m e n fo rcin g a v e x a tio u s an d
un reason a ble o rd in a n ce w h ich w as to h a v e b e c o m e e ffe c t iv e M a r . 14 191 4.
an d $ 7 ,5 0 0 ,0 0 0 c o m m o n . V . 103, p . 40 6 .
F in a n cin g .— A s o f J u ly 1 1916 an ag g re g a te o f $ 1 ,5 0 0 ,0 0 0 o f d eb en tu res F o r d etails o f the o rd in a n ce see V . 9 8 . p . 912 .
Strike Settlement— A g reem en t.— S ee V . 103 , p . 666 .
an d n otes held b y th e M id d le W e s t U tilitie s C o . fo r cash a d v a n ce s w ere
c o n v e r te d In to c o m m o n s t o c k , p a r fo r p a r . F u rth e r cash a d v a n ce s o f th e
STO C K A N D BO N DS—
D a te .
In terest
O utstanding.
M a tu r ity .
M id d le W e s t U tilities C o . th e n rem ain in g o u ts ta n d in g a n d rep resen ted b y C o m m o n $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )___ ______
Seo t e x t
________
$ 2 ,5 0 0 ,0 0 0
n otes w ill b y c o n t r a c t b o m a d e ju n io r t o th e p re f. s t o c k , a n d o n D e c . 1 1916 P referred $ 2 ,5 0 0 ,0 0 0 5 % cu m l
th o M id d le W e s t U tilitie s C o . w ill d e liv e r t o th e C en tral Illin o is P u b lic
2 .5 0 0 .0 0 0
8 e o te x t
5 Q -M
($100) red a t 110 & a c c r d lv sj ____
S e rv lco C o . an a d d itio n a l $50 0 ,0 0 0 o f d eb en tu res a n d ta k e th e re fo r a C o n s m o rtg a g e $ 1 0 ,0 0 0 ,0 0 0 ! 1905
8 .4 0 6 .0 0 0 J u ly
5 g J -J
_ 1 1945
fu r th e r $50 0 ,0 0 0 o f c o m m o n s t o c k .
V . 103, p . 496 .
g o ld (seo te x t) c lo s o d .c * & r ] I n t . a t C e n tra l T r u s t C o . , N . Y . , T r u s te e .
C apitalization U p o n C onsum m ation o f Foregoing F in a n cin g.
G en m tg e $ 3 0 ,0 0 0 ,0 0 0 g o l d / 1915
6 g M -N
Seo to x t
N ov 11935
STOCK AN D BON DS—
D a te .
In terest. O utstanding.
M a t u r it y
($100 & $ l , 0 0 0 ) - . c * ____ t flG u a r a n t y T r u s t C o . , N . Y . , T r u s te o .
C o m m o n $ 7 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . ............................................ $ 6 ,0 0 0 ,0 0 0 .................. ..
2 -y e a r co lla te r a l g o ld n o t o s / 1915
6 g M -N
1 ,500,000 N o v 1 1917
P r e f 6 % cu m $ 7 .5 0 0 ,0 0 0 ( $ 1 0 0 ) ____
Q -J
3 .2 2 5 ,0 0 0 O c t . T 6 ,’ l H
( $ 1 ,0 0 0 ) _____________ c * c p t (U n io n T r u s t C o ., N o w Y o r k , T r u s te e .
First an d refu n d in g m o r tg a g e ! 1912
5 F -A
4 .8 3 8 .0 0 0 A u g 1 1 9 5 2
1-yoar gu a r g o ld n o te s ( $ 1 ,- / 1915
6 g M -N
600 ,0 0 0 N o v 1 1916
g old ($ 1 ,0 0 0 )____________c * lI n t e r e s t p a y a b le In N o w Y o r k .
000) c g u p&I b y A m C It C o \ U n io n T r u s t C o . , N o w Y o r k , T r u s te o .
U n d erly in g b o n d s _________________
____ ______
8 0 5 .0 0 0 ____________
Bonds.— T h e co n s o l. M . b o n d s aro In d e n o m . o f $ 1 ,0 0 0 co u p o n an d $ 1 0 ,­
Stock.— P r o f, s t o c k is r e d . a t 110 an d d i v . n a s fu ll v o t in g p o w e r. T a x - 000 registered. A r o n o t s u b je c t t o c a ll. S in k in g fu n d $25 ,0 0 0 p er a n n u m ,
e x em p t In Illin o is.
R eg is tra r, 111. T r u s t & S a v in gs B a n k , C h ic a g o .
1910-14; $ 3 0 ,0 0 0 , 1915-19; $ 3 5 ,0 0 0 , 1920-24; $ 4 0 ,0 0 0 , 1925-29. an d $ 5 0 ,0 0 0
Bonds.— T h e first an d r e f. b o n d s are re d . a t 105 on a n y Interest d a te .
193 0-4 5. See V . 8 2 , p . 6 2 8 , 1496. $1 7 8 ,0 0 0 h o ld a llv o in sin k in g fu n d ;
A d d itio n a l b on d s m a y b o Issued u nd er certa in r e s trictio n s . See V . 9 5 , p . rem ain in g $ 1 ,4 1 6 ,0 0 0 d e p o s ite d as s e cu rity fo r c o ll, g o ld n o to s. M o r tg a g e
1744. $ 1 2 4 ,0 0 0 b on d s In a d d itio n t o a m o u n t r e p o rte d o u ts ta n d in g are clo s e d . $ 4 9 2,00 0 g o n . M . b o n d s aro d e p o s ite d as c o ll, fo r 2-y o a r n o te s .
In trea su ry . C o n t. & C o m m . T r u s t & S a v . B a n k , C h ic a g o , tru ste e .
D u rin g life o f n o te s to ta l issue o f g o n . M . b o n d s c a n n o t o x coed $65 0 ,0 0 0 oxc e p t w ith co n s o n t o f 2-3 o f c o ll, n o te h o ld e rs a n d M o f gu ar, n o te h old ers .
D ivid en d s.— 6 % Is b e in g p a id o n p re fe rre d s t o c k .
E A R N S .— - 5 M o s . en d . M a y 3 1 ------------------Calendar Y ea rs---------------- O r th e u nissued g e n . M . b o n d s, $ 9 ,8 2 2 ,0 0 0 a r e r o s e r v o d t o retire th o co n s . M .
b o n d s an d rem ain in g $ 1 9 ,6 8 6 ,0 0 0 aro fo r a d d ’ ns, o x t s ., & c ., u n d er certa in
1916.
1915.
1915.
1914.
1913.
r e s trictio n s .
R e d . a t 102)4 an d Int. o n a n y Int. d a to . V . 101, p . 1886.
G r o s s .................... $ 8 4 0 ,2 1 8 $71 6 ,0 3 3 $ 1 ,8 9 8 ,9 8 5 $ 1 ,8 5 1 ,1 4 2 $ 1 ,6 9 9 ,6 0 7
T h e 2-y e a r c o ll, n o to s aro c a lla b le in w h o le o n 30 d a y s ’ n o tlco a t 101 an d
N e t ,a f t e r ta x e s . 3 3 2 ,1 5 8
2 5 8 ,1 0 6
7 0 7 ,7 8 8
6 6 6 ,0 3 2
574,551
O F F I C E R S .— P r e s ., M a rsh a ll E . S am psell; V . - P . , G . W . H a m ilto n ; in t. on or b e fo re N o v . 1 1916 an d a t 100 )4 an d ln t. thereafter. S o cu red b y
S e c ., E . V . G ra h a m : T r e a s ., H e n ry M . B r o o k s .— V . 8 8 . P- 52; V . 9 1 , p . $ 1 ,4 1 6 ,0 0 0 c o n s . M . 5s an d $ 4 9 2 ,0 0 0 gon . M . 6s. T h o 1-yoar n o tos aro
V . 101, p . 1092.
655 ; V . 9 5 , p . 6 1 8 ,1 7 4 4 ; V . 9 6 . p . 1020; V . 9 7 , p . 1583; V . 103 , p . 4 0 6 , 49 6 . g u a r ., p . & 1., b y th e A m e rica n C itie s C o .
D ivid en d s.— O n p re f. s to c k 5 % w as p a id fro m lssu an co u p to a n d In clu din g
D e c . 1914. N o n e sin ce. V . 100, p . 1257. O n c o m ., first d iv .— 1 % —
MAUCH CHUNK, PA.
p a id Ju n o 1912.
In 1913, M a r ., 1 % ; D e c ., 1 % .
In 1914, J u n o , > 4 % ;
C A R B O N T R A N S I T C O .— A tro lle y r o a d .
D e c . , ''2 ) 4 % ; n o n e sin ce.
R E P O R T .— F o r y e a r en d in g D o c . 31:
O R G A N I Z A T I O N .— In c o r p o r a te d In J u ly 1908 In P e n n s y lv a n ia as a r e ­
Gross E a rn s. N e t a f t .T a x e s ,A c . In t.O th .D ed u c.
S u rp lu s.
org a n iz a tion o f th e C a rb o n S tre e t R y . so ld a t fo re clo su re sale M a y 16 1908.
$ 6 3 7 ,0 4 9
$55 3 ,8 3 9
$ 8 3 ,2 1 0
P r o p e r ty Is bein g Im p ro v e d b y re c o n s tru ctio n , new e q u ip m e n t, & c ., in­ 1 9 1 5 ........................$ 1 ,6 8 4 ,1 0 9
8 4 2 ,6 7 8
5 39 ,283
3 0 3 .3 9 5
c lu d in g th e d e v e lo p m e n t o f F la g s ta ff P a rk on F la g s ta ff M o u n t a in , w h ich is 1 9 1 4 ........................ 2 ,0 0 5 .9 6 3
850 feet a b o v e and o v e r lo o k s th e p ic tu re s q u e M a u c h C h u n k .
R O A D .— O w ns 129.56 m iles o f tra ck . R a lls , 60 t o 8 0 -lb . T t o 10 7 -lb .
STOCK A N D BON DS—
D a te.
I n terest. O u tstand ing.
M a tu r ity .
g ird er. 328 passenger an d 27 m iscella n eou s cars.
S to c k $15 0 ,0 0 0 ($ 5 0 )......................................... ................
$ 1 5 0 ,0 0 0 .................... ..
O F F I C E R S .— P res. & G o n . M g r ., T h o s . II. T u tw lle r ; V . - P . , L . E .
1st m tg e 815 0 ,0 0 0 ($100 a n d ! 1908 5 g F -A
150 ,000 A u g
1 1938 W r ig h t; S e c. & T r e a s ., W . I I . B u rro u g h s; A u d ., L . L o M a y .— V . 100, p .
$ 50 0) g o ld ______________c * t f j l n t . a t M a u c h C h u n k T r u s t C o . , M a u c h
1257, 1752; V . 101 , p . 37 0 , 1092, 155 3, 2 14 5; V . 103 , p . 666.

MATTOON, ILL.

S econ d m tg e $ 1 0 0 ,0 0 0 g o l d ! 1910 5 g i - D
4 6 ,1 0 0 Ju n e 1 1940
($100 and $ 5 0 0 )_______ c * t f\ I n t . a t M a u c h C h u n k T r u s t C o . , T r u s te e .
C u rren t liab ilities D o c 31 1 9 1 5 ____
- ........................
3 5 ,4 4 5
............
B onds.— First m tg e . b o n d s m a y b e ca lle d a t 105 an d ln t. on a n y Int. d a y .
S econ d m tg e . b o n d s are re d . In a n y a m o u n t o n a n y In t. d a y a fte r Ju n e 1
1915 a t 105.
E A R N I N G S .— F o r ye a rs e n d in g D e c . 31:
Y ea r—
Gross.
N et.
Charges A Taxes.
Surplus.
1 91 5...........................$ 5 5 ,2 7 6
$ 1 5 ,5 5 7
$ 1 2 ,5 4 8
$ 3 ,0 0 9
1 91 4........................... 6 5 ,347
2 0 .8 3 5
11.753
9,0 8 2
19 1 3 ...........- ........... - 51,6 3 7
"
17,481
10.798
6 ,6 8 4
N o te .— E a rn in gs fo r 1915 an d p a rt o f 1916 w ore a ffe c te d b y u n fa v o r a b le
w ea th er co n d itio n s an d in su fficie n t p o w e r d u rin g ch a n g e s an d enlargem en t
o f p o w e r sy s te m t o u tllizo th o largo ban k s o f ch e a p fu e l o w n e d b y th o c o .




MICHIGAN CITY, IND.
CHICAGO LAKE SHORE & SOUTH BEND RY.
O R G A N I Z A T I O N .— O rga n ized in In d ia n a D e c e m b e r 1901.
N o securities in han ds o f p u b lic . A ll o w n e d b y s y n d ic a te , w h ich has
used th em as co lla te ra l o n ly .
STOCK AN D BON DS—
D a te.
In terest. O utstanding
M a tu r ity .
C o m m o n $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )___ ______
__________
$ 5 ,0 0 0 ,0 0 0 .......................
P re f $ 1 ,0 0 0 ,0 0 0 ($100) 6 % n -c ..................................
1 ,0 0 0 ,0 0 0 .......................
1st m tg e $ 6 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 )/ 1907
5 F -A 15
4__________
,4 5 7 ,0 0 0 A u g 15 1947
g o ld _________________________ 1In te re st a t C le v e la n d T r u s t C o ., T r u s t e e .
Bonds.— R e m ain in g b o n d s aro rosorvod fo r fu tu ro extensions an d Im ­
p ro v e m e n ts . T h o y are s u b je c t to call a t 102 )4 a t a n y ln t. p e r io d . S in k .

8 8 $ r o 5 S f i t e ja y a a g S * *

15 1917

Is leased to C h ic a g o L a k e S hore & S o u th B e n d .

19 W

.

7 0 -lb * T -r a il

a m

2% of

en trai R R ••

w n.
& A s s t. T r o a s ., A r t h u r W e lsh .— V . 8 6 , p . 51, 167, 420 , 1528; V .’ 98 p . 386 .

Calendar
Y ear—

J a S ^ F FCEF o g ; 7 y - r Trea.sa3 G ? o ' R ^ h ^ n - W

MIDDLETOWN, N. Y.

(1)

r e t t t a s 'X h ^ r g e d T p d l M

lfl09.“ lndebtedness haviu« bee« Pa‘ d olf.

S t S ° S 3 5 0 ^ 0 0 D(SB50)N D S _
DatBi s t m tg o * 3 5 0 .0 0 0 g o ld '( V l0 0 j7 1905

InterCSL
5gM-N*

OUS350 0 0 0 M a tu rit« ‘
3 0 0 ,0 0 0 M a 'v V 1 9 3 5

3500 and 1 1,000)------- c* tf(ln t. at Com’w’lthTr.Co.,Harrisburg Trust
aftOT lo 7 e a r s ’a t ° l o f erVCd f° r fUtUr° lmprovements- Are subject to call'
t a ^ R« ? ^ 7 n iS^ T F o r y ° a r ending' June>30i 1916, gross, S73 .79 5; n e t, a fter
taxes, 82 ,5 7 0 ; n et co r p o r a te d e fic it , * 1 3 ,3 3 9 . In 1914-15 gross <577 in s n e t, a fte r ta x es, $ 1 8 ,3 3 3 ; n e t c o r p o r a te in c o m e , * 2 ,6 9 1 .
* 7 7 ,1 6 8 ,
R O iV D .— O p erates 12.84 m iles o f track e x te n d in g fro m M id d le t o w n
r ^ i h " f p ° M i <i n a y IX r^ ’11a o s .h o n ’ Inclu din g s w itch e s , tu r n o u ts , & c . R a lls
65-Ib. r an d 8 0 a n d 9 0 -lb . g ird e r. S ta n d a rd g a u g e .
O F F I C E R S .— P res. & G e n . M g r ., D e W Itt O . M c M o n a g lo ; V - P
Chas
A . K u n k e l; S o c ., J . F . W eiss. H arrisbu rg, P a .; T r e a s ., W . M O g le s b y H a r­
risb u rg , P a .; A n d ., F . N . B o y d .— V . 8 0 , p . 998 , 105 9, 1425, 234<L

HL ^

e ;

S e c ..

M ilw a u k e e L i g h t , H e a t & T r a c t i o n C o .

F R , ,D Q E S T R E E T R Y . — T r o lle y .

StocTk °com $ 4 4 ^ 0 0 0 ] $ ? O o T
^
P referred * 1 0 0 ,0 0 0 ( 3 1 0 0 ) . . 11
M . I Toll. & P ram . 1 s t m t s c f ] 5 qq

j*

j .j
_ y t

and 1n t e r u r b ^ n ^ ’7and°e^2 1 rle^iih?0‘ l ? 96' D ° M
extensive street
waukee, South M ilw a n k e ^ n i^ n ?, Bght and power business, serving M ilMil waukee, Whitefish b ! v ^ o x P oin^ tv^ V ^ lM 05^ ’ Wauwatosa, North
ILartland, Oconomowoc. Watertown
,v7 alfkesha. Pewaukee.
wonago. East Troy, WMerford* Roch^V^?
A MHske*0 Lakes, MukControl Purchased— In 10 07 n,,n„hCbS te£ and Burlington.
T h e M ilw a u k e e E lo c t /ic R y .7 1 L W
fr o m 9 T
h
« ni m o n .s t o c k o f
T h is w as d o n e in o rd e r t o r n a k ? M i l r f c h ! . S L T 'i 0 ^ o r t ^ A m e r ic a n C o .
trollin g C o m p a n y instead o f T h e M i i w a u l c e a ^ l ^ * ^ ^ r ? 9 ? ' th e c o n *
fo rm e rly th e ca s e . V . 8 6 p 2 8 6 u n w a u K e o E le c. R y . & L t . C o . , as w as
F a re I n c r e a s e . - See M ilw . E l e c .'R y .f c L t . C o . b e lo w .
C o m m o n Csto?kD* 3 ( L ^ 0 , 0 0 0 - - ZJaW'
M ilw L t H & T r C o 1 s t Ilf tr) I qqq

I n te re s l- £ ^ f i n d i n g .
M a tu r ity .
£~~\~r~5 1 0 ,0 0 0 ,0 0 0 ------------

- S

h f

- S

. i l

M g * 3 0 .0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ). M e tro p o lita n T r . C o . . N . Y
tru stee
a t c o m p jin y ’s N e w Y o r k o f fi c e
lst M . b o n d s m a y b o callec
” by"end*orsMnent,a by^T ? h e ^ n h r a id m e dE?ec

In t*

Hons Bonds may be called on any tnt d ^ ° a t 1 1 nV^ i°, r.ctlr^ P rior
not over 5 ^ S l l ’° 00’000 are to ffi5 ^ % n dtayanad%e1i°ai^ n dg i*nit7.00Vd.08040

MILFORD, MASS.

fj

6 5 8 .8 4 7 6 5 ,7 6 3

?*

O R G A N I Z A ^ T ? p r a c tic a lly a11 ° ' vnod b y th e W isco n sin E d is o n C o .

= i , £ ? o ? ^ N I Z ^ T I,O N -7“ ,n c o r P ° rated in N e w Y o r k o n M a r c h 30 1905 as
?h n M M H iiin der fo re c lo s u r e , to th e M ld d lo to w n -G o s h e n E l e c t r i c B y a n d
t h e M id d le to w n -B lo o m s b u r g E le c. R y . See V . 8 0 , d . 1059 1425
o<?rn
han ds o f r e ceiver O c t. 1908 on a c c o u n t o f a ju d g m e n t fo r

a% tH

B alance

si?
‘IffSl
472l4 .6! l1 1f
i!‘t ::::::::........
..........................1
.1 1S
9 ,2 lf
05
3 9 4 ,5 9 4

W A L L K IL L T R A N S IT C O .

0 1 & T m^

In co m e A cco u n t o f W iscon sin E d iso n C o.
D iv s .& I n i. E x p ..I n t.&
N et
DM -

2 3 R 72A m i i ^ TOt8n jmh“ T g,flan XClm e o f c o n tr o lle d M ilw . E le c . R y . & L t . C o
gToOO k w ? i a p i c i t y . T ralL
1 3 7 passcn ger c a r s '
S tea m p o w e r p la n t &
R E P O R T .— F iscal years e n d in g D e c . 31:
„
1915.
1914.
1914.
g r o s s ............... * 1 ,4 8 0 ,6 2 5 * 1 ,4 9 3 ,6 6 7 O th er I n c o m e .
* 6 9 8 .5 5 2
E x p e n s e s ____
783.491
7 7 7 Sftg
D e p r e c ia t io n .
8 8 ,6 3 5
75 3.095 G ross i n c -------* 1 ,1 8 8 ,6 9 3 S 1.246 .25S
r a x 0 3 ...................
118
,450
115,003 Interest...........
_______________
662,660
645.071

SSi n o 'n o o A § r '
i pI
'
_ S co t e x t .

l^^engers"’ care^din41915!?^L2.5?5,1608UagaVnst "l2,13'6^5488?n 1914.1’ 187

K° d ------------- c * n t f l l n t . a t A m e r . T r u s t C o . . B o s t o n , T r u s te e

E A R N I N G S .— F o r fisca l y e a r e n d in g Ju n o 3 0 :
JUYear—
Nr ? W ! er t y d u c - P f.D iv . C o m .D iv. Surp. or
. _ f _eaf ~
E a rn in g s.
T a xes).
tion s.
(6 % ) .
(5 % )
D eficit
1 9 1 5 -1 6 .................. * 2 7 2 .3 1 8 * 5 8 ,0 9 0 * 2 9 ,9 2 4
* 6 ,0 0 0 * 2 2 .0 0 0
s u r .* 1 6 5
1911
l o - .............. 2 o o ,592
5 9 ,494 3 3 ,6 8 3
6 ,0 0 0
2 2 ,0 0 0 d e f.2 ,1 8 9

E ,e C tr lc R a h w a y & L i g h t C o .

r_ R 0 m u >771? Y n\ t6 .P11108 o f V’aI<7k> ,fr,om S o * F ram in gh am t o U x b rid g o a n d
rCpm M ilfo r d t o M e d w a y an d I lo p k in to n . A ls o o p e ra te s th e G ra fto n &
n ^ h 'i m Qf’ f r ? m Io9 p c d ‘? 1° to N o r t h G ra ft o n , 14 m ilo s, an d th e M e d w a y &
H ^ b a m S t - B y - . 21 m iles. A ls o co n tr o ls L a k e N Ip m u c P a rk . 60 n a i
senger c a r s , 13 s n ow p lo w s a n d 4 m is ce ll.; 134 e le ctric m o to rs .
P
O F F I C E R S . — P r e s ., Jo h n T . M a n s o n , N e w H a v e n , C o n n • V -P
Tnni a
S p erry . N e w H a v e n ; S e c ., W en d ell W illia m s; T r e a s ., J . E.’ W a lk e r M O ‘
ford ; S u p t W L . A d a m s . M ilfo r d , M a s s — V . 7 4 . p 1308; V 76 n 1 0 9 ­
V . 8 8 . p . 375: V . 9 0 . p . 914; V . 9 1 , p - 463 , 1160.
P- 1 ° 2:

o ? S ? n to V 60 ? 'T 0 0 9 TC^ m b r U in V ^ e° St' R y' C o' Jaa- 29 1896.

1911

SU^ V ? 9 7 , p

164^

valu ation b y W isco n s in R R . C o m m . In J u ly

and ^

Pt o fc& u e t*3 0 0 O0001n o ^ } th P ° ) Ver ° ° ' o f ^ b w a i i k ^ C r Y i a O ^ O W 6

MILLVILLE, N. J.
M I L L V I L L E T R A C T I O N .— A tro lle y r o a d .
STOCK A N P BONDS—
D a te.
In terest.
S to c k * 1 7 5 ,0 0 0 .
1st m o r tg a g e * 4 0 0 .0 0 0 'g o ld ] 1894
5 g F -A

O uM am U njj.

M a tu r ity .

208 000 A ' n i 'i * i o t 3

“ O th er d e b t s ” D e c 3 1 1 9 1 5 ___ __
B on ds.— N o t s u b je c t t o c a ll.

161.814

E A R N I N G S .— F o r y ea r 1915. g ro ss. * 5 0 ,4 0 2 ; d e f. fr o m o n e r
an*.
I n 1914, g ross, * 5 1 .4 9 0 ; d e f. fr o m o p e r .. * 7 .2 5 4 .
per-> M > 3 6 5 ‘
R O A D .— O perates 6 .4 7 m iles o f tra ck in M illv ille . 0 .5 3 6 m ile* in v i „ . i
^
a n d 5.541 m iles In T o w n s h ip o f L a n d is; t o t a l, 1 2 ;M 7 m ile s “
In V lneIand
m O F F I C E R S — P r e s ., G o o rg e W o o d ; V .- P r is .. i
n
y ' H.
„
T h o m a s ; T r e a s ., D a n iel O . L e w is.
w o o d , S e c ., G . H .

MILTON, PA.
L E W I S B U R G M I L T O N & W A T S O N T O W N P A S S . R Y — T r o lle v
O R G A N I Z A T I O N — C h artered S e p t. 3 1897
In
oinw h !

S S f iS f A S ”11“ cUo“ « ro“d- “ »”“ "■>* » '“•
StoWlMioO®” ? ” ? 3 -

^

SeCUrod

lio m and *6',772 .O O O ^ r fd e ^ ^ s it^ '^ c o U a to r a ? ^ to ' ^ n . I n V r ^ f rm ^ e f °boPndsr"

M a tu r ity .
First m o r tg a g o *3 0 0 .0 0 0 g o ld l 1910
B 'g F -A
160 000 F e b " f i M R
(* 5 0 0 ) ............. ....................... c * / l n t . a t L a n d T it le & T r . C o P h i& T’L i S i 0
B onds.— R em a in in g b on d s ca n o n ly b e issued fo r im p ro v e m e n ts

Feb!°1920*i

b y b o n d s o f t h ^ S liiw a u k e e E le c . R y . & E t?PC o — V . f o V p l o T

STOCK A N D BON DS—
D a te.
In terest
O utstanding. D ivid en d s.
C o m m o n s t o c k $ 2 0 ,0 0 0 ,0 0 0
m erest.
_ (Par * 1 0 0 ) . . .........................
$ 9 ,8 5 0 ,0 0 0
...................
In fe rre d
stock
$ 4 ,5 0 0 ,0 0 0
...........
„ 6 % n o n -cu m (par $ 1 0 0 )
4 ,5 0 0 .0 0 0 J u l y '1 6 . 1 ]
T h e M ilw a u k e e E le c H y J &
1896
5 'g F - A
L ig h t C o c o n s , m tg e $ 8 ,c s i f w o l . ! . . W ; S ? „ F sU
1$
OOO.OOOgoId ( $ 1 . 0 0 0 ) . . . c *
T h e M ilw E le c R y & L igh t
I ° 7 W o % i N,- ? * ,
C o r e f & e x t m tg e $ 2 0 ,0 0 0 ,000 g o ld ( $ 1 . 0 0 0 ) . . - l . _ c *
T;s i % i ? tA
c S 5 ^ r m i ,ort- T™»t“
Q en & r e f m tg e *9 0 .0 0 0 ,0 0 0
g o ld ($1 ,0 0 0 ) Ser " A ” . c * t f j to.91.1.
T“ «
N o te s (see te x t)
„
,
.....................................
1 .3 0 0 ,0 0 0 . .
’
S to ck a n d B on ds.— T h e b o n d s an d th e p re f. s to c k are lisfrwi r>„
^

Da“ -

^

™ o r t* a*a b e c o m e s d u e o n th a t d a te .
B o n d s o f Series A a ? £ re rw .7 ^ !
a b le o n a n y in te re st d a te o n a n d a fte r D e c . 1 1916 a t 105 a n d inter**?"

*° Ca“ M a Wh° le o n ^ ^ d a ^ M ^ r

a fto r Ra ™ * 8 .773 FOr 12 m 0 n th s e n d ln g D oC' 31 191 5* g r o s s - * 4 8 ,1 8 6 ; n e t.
o n ? r a M ^ '7 ^ i? o ? "? 9 o f tr,a ck betw een p o in ts n am ed in title .

1 1 overh ead -

i r e a s ., D . L . D ie h l, A s s t. S e c. & T r e a s .. W . B . R a n k in — V . 9 0 . p . 1363.
V .A1 0 2 ! BA9B 9R E P O R T ' — F,SCal yea rs e n d ,n g D e c - 3 1 ( f ° r 1915 r e p o r t see
T H E W IS C O N S IN E ^ f s w J c o . ^ I N c '

W IS ’

N o ^ ^ A S c ir o ^ r h o ffi iS

N ° v . 7 1912 to take o v e r th e
utilities. O w ns o r c o n tr o ls , th rou gh s t ^ n w a n d o t h ° r W isco n sin p u b lic
M ilw a u k ee L ig h t, H e a t & T r a c C o S k ! ? , " 111? ' th e fo llo w in g c o s .:

^ .s W

a ^ ^ c ^ 0^

i ^ L \ T :r 6 ko°.eLleht&PoworCo-

191 5.
191 4.
]_
G r o s s ................* 5 ,9 7 1 ,7 1 5 $ 6 ,0 0 5 ,4 9 5 Other Income.
E x p o n so s . . . 3 .0 8 5 .8 7 7 3 ,0 9 7 ,2 0 7
D e p r e cia tio n .
65 6 .1 2 5
698.516
T a x e s ...............
4 2 2 .8 7 9_________
436,701 m S a i h ”

1915.

1914.

$29,321

S65?806

%

j

Passengers clrH ^l in3419$15,.7 91 ’,400 946g a i n s t 9'7.874 M
p r?f!CsIn ceV b RT9U
00.r QUarterly d,y,denda of
STOCK AN D BO N D S—
D a te.
In terest.
O utstanding.
M a tu rity .
S to c k 4 0 0 ,0 0 0 shares (n o par
v a lu e )________
.............21 5 .0 0 0 sh . J u n o ’ 16$1.75
D ob on s * 1 0 , 0 0 0 , 0 0 0 '(S IT oW ,
$50 0 an d * 1 0 0 ) . . .............c * 1914
6 g M -N
D eben tu res c o n v e r tib le in to s to c k a t I s i) ™ r s h ir e 0 * # 00 ™ a y J } 5 ? 4
and p rio r t o M a y 1 1923; re d . a t 102 o n 60 d a v n 'M i w ®f®er- M ay 1 1916
D ivid en d s.— A d i v " o f $ 1 7 5 w a s p a id J u n o T l O U I n n V ' ? § ’, P ' ,1 12 8$1 7 5 . I n 1915, J u n o , * 1 7 5 1 D e c P. * l
I n 1916^ Jm m f i ^ l 4 also p ald
R E P O R T .— F o r ca l. years (com bined p ro p e r tie s ).
’
'
Calendar
O perating
N et (after N o n -O p .
In terest
T\nin„r.

i 9 f r r . .. .. * | ® | o

1914 .................... 8 ,5 5 2 ,8 0 8




% % es
2 ,5 8 3 .4 4 8

8 7 ,1 9 6

&

&

1 ,3 5 4 ,4 1 5

* S ls
1 .3 1 0 .2 2 9

i

ln$19145 ’5° 3

have been paid on the

807,P2F0 8 5 ? V .S i ^ ^ 9 » . Y 4 f t 5 / v : i % ; ^ 8 0 0 ? 9 6 9 ; y ° ' m , ' p ° 4 9 ^ 4 7 4 *
( b ) W i s c o n s i n Q a s & E l e c t r ic C o .

» a

; w

a

» s

?

" !S

S

S

S n s l n E d is o n C o !)a n ° 4 t o d is ch a rg e $ 1 6 2 ioOO f lo a t in g d e b t Incurred in m a k ­
in g a d d itio n s a n d b e tte r m e n ts .
STOCK AN D B O N D S D a te .
In terest.
Oxtlstanding.
M a tu rity .
C o m s t o c k $ 1 ,7 6 0 ,0 0 0 ($ 1 0 0 ) . - ..................- - - - $ 1 'o 0 0 0 0 0 " " H U "
P r e f cu m $ 1 ,0 0 0 ,0 0 0 (| 1 0 0 )- - - - - .
2 ,3 5 0 ,0 0 0 Ju n e 1 1952
F1i 8t« ^ tg a g e g ° ld
’° c * { I n t e r e s t £ a fa b t o in N e w Y o r k .
H arris T r .
& 5 5 0 0 )..................................
( & S a v in gs B a n k , C h ic a g o . T r u s te e .

1 9 0 ftf M T n c
sVo p e r a n n .;P1910 an d s in ce , 6 % p er a n n u m .
R O A D __ C on sists o f 4 4 0 .4 6 m iles o f tr a c k , in clu d in g fo u r in tcru rb a n lin es

30 th c itie s.
See V . 6 4 , p . 704 .
A N N U A L R E P O R T .— F isca l y e a r ends D e c . 3 1 . R e p o r t fo r 1915 w as
in V . 1 0 2 7 p . 7 9 6 . s h o w in g results o n th e e n tire p r o p e r t y ^ f o l l o w s ^

R e v e n u e p a s s , c a r r ie d - 1 8 5 . 6 5 4 , 9 8 5 184.352.-963 175 .895 ,81 1 1 6 2 .4 0 7 ,9 9 3
ta x i & c

S M S ,900; o t h o r i n c o m o . $ 1 5 ,4 1 6 ; in te re st ch a rg e s, $ 1 3 7 ,7 6 6 .

S
5
K
f c
! S
R o c t s . fr o m o t h .so u r c e s .

sUp R O P E R T I E S . — M ile s o f s in g le t r a c k , 7 .8 5 1 ;m lle s o f gas m a in s, 203 :
r n r i M P F R S __ P res
J D . M o r tim e r ; V . - P . , S . B . W a y : S e c .-T r e a s .,
P .0JP Bo0e h m S- V P 9 6 ; P 434i V . 101, P- 375; V . 102, p . 1352.

o p

W IS C O N S IN T R A C T IO N , L IG H T . H E A T & P O W E R C O .
O R G A N I Z A T I O N .— T h is c o m p a n y w as in c o rp o ra te d a t M ilw a u k e e in
r

S

S

S

S

H

H

s

g & p S S H S S S a S S E a S S
i& W

S S w im

S

- S

W

^

6
s E :I| | | |
72,U4d

^ s i s f f
o t .i o o

$ 8 ,1 4 7 ,1 9 9
’ T-

: : : :

jssw sk k -

- f t f g VM M m a n s »
E - l H s B l i d t i S o iJisffl . a s
..« 8
"UBJB ,3« S ’ W M ^ M * * *

m i m m p a p o i m ST PAUL RO C H . & DUBUQUE ELEC. T R A C . C O .
— C o m m o n ly k n o w n as “ D a n P a tc h E le c. L in e .”
O p erates a u n it p o w e r

c a L sZ?!^™ ;',,n — C h arles

b

|
7 6 ,6 5 8

P

B r a tn o b e r

of

M in n e a p o lis

w as

a p p o in te d

T r" . ’ d o . ’,MM, il
w ”..TTrruusstte
F TOO g o f d V o s S u n d L $. c * Tnt a t F irst S a v . *& ’r
lw
e ee-.
I 1901t
5 g A -O
3 5 0 .0 0 0 A p ril 1 1921
P o x R iv e r V a lley first m tg e M
e r ch a n ts ’ L oa n & T r u s t C o . . C h ic ., T r u s t ,
$ 3 5 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld . c
scon sin T r a c t io n . L ig h t H e a t & P o w e r C o

b o K r . t e j S ’S.0^

ESS

lYoofoO O r e c e iv e r ’s c e r tific a te s t o tak o c a r e o f o b lig a tio n s th en e x istin g o r
s h o r tly e x p e c te d t o a rise. See V . 103, p . 844.

^SASHT1“ •
_
'ItlS.
$5^ .213
4 4 .9h0 6

R O A D — O p era tes 15.82 m iles o f tr a c k , c o n n e c tin g N e e n a b . M e n a s h a ,
fr o m R a n d o lp h l o M a n k a t o .

*S Is

2
p.

764: V .

3 &
101. P- 1093

in t o M in n e a p o lis te rm in a l a n d a d d t o e q u ip m e n t. M in n e a p o lis T r u s t
C o . is tru ste o o f th o m o r tg a g e .
M a tu r ity
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanding.
$ 4 ,9 5 1 ,8 0 0
C o m m o n $ 1 5 ,0 0 0 ,0 0 0 -

^

MINNEAPOLIS, MINN.

6 - j - j - -

T W I N C I T Y R A P I D T R A N S I T .— A n e le ctr ic r o a d .
J u S e ^ s W

3J

»

/a r

. ™

'8

R f l 000 S000rVsftCM e 3l P y ? .' 5 % b ^ n tls a re V l^ d g e d as c o lla te ra l fo r t t f e n o t w .

^

^ i 7 T ^ e^ ett l t0 ? ^ T Sr ^ ° em ab- ________1 V . - P . , C . N . B o y n t o n . S t.
P a u l S ^ . M H^ B o ^ l l e f - v V 9 3 . p . 731; V . 9 9 . p . 197; V . 100. p . 1832;
V . 103, p . 4 0 6 , 8 4 4 .
_________

MOBILE, ALA.
f r a n c h i s e a n d F a r e s . - M k y o r H a y n e s o f M in n e a p o lis o n F e b . 18 1907
s i ^ e d ^ n | o r ^ n a n ^ r ^ u i r i^ s t r e e t ^ a H w a y s
Ju d g o L o c h r e n o f th e U . S . C ir -

O R G A N EI Z A T I O N .— a ^cVnsSidat?o‘^ n rS e K ' l 1901 o f th e M o b ile L ig h t
& R a i? r o id a n d th e M o b ile Street R R .; th e fra n ch ises o f b o t h co m p a n ie s
W6I n S
ndl w r t h e ePM o b V e 9 i n u m t a a ^ C o p u rch a se d t h e ^ e f c t r ^ l t e h t
p la n t o f L o c o m p a n y a n d u n d e r c o n t r a c t o f p u rch a se p a y s t o th e M o b ile

n f°J iid ire L o c hr o n . T h is de cisio n sustains th e c o m p a n y s cla im t o g 6 0 -y e a r
frnnnhTsn fro m J u ly 1 1873, w ith th e rig h t t o c h a rg e 5 -c e n t fares. V .9 0 .P .1 1 1 .
T h o T O m p a n 'y is n e g o tia tin g w ith th e c it y fo r a ren ew al o f th e fra n ch ise .
V ' o*? , } ' p ‘ / ,nuh r u n o f St P a u l.— F o r d e cisio n as t o rig h t t o b u ild now
P a u l M e ^ 7 9 , p . 271 , 2 08 7, an d fo r s e ttle m e n t w ith C it y o f S t.
lin es In S t. l a u i, see
nnulshes its rig h t o f ap p eal fro m this d e cisio n an d
P a u l b y w h ich th e c it y re im q u u n e s usi n g n i' « w p
Dors o n a l nroD erty

o f°S M
c e W
b T W
“d S S S f t o M a y l 9 1 0 o n i e H n g th eS t.
P a u P Oity R y t S ^ o S t r ic t a car line on St. Clair Ave.. branching from

L ST&O ^ A 7S
^
&
PayDma r
In terest
atOCK
52.ZOU.UVRf
•J.1VJU/S to c k $
2 .2 5 0 .0 0 0 ,ip a r J
1 0 0 )i i - - - - g — j- j j
$ 2 ’g f5 ',0 0 0 J m y 1 1 9 $
F irst m tg e g o ld ( $ 1 . 0 0 0 ) - n t f ,I n t . a t F a rm e rs’ L o a n & T r u s t C o . , N . Y .
1893
6 g M -N
27 0 ,0 0 0 M a y 1 1923
M o b ile Street R R fir s t m tg e
F a rm ers’ L oa n & 'rrust; C o . , N . Y . , T r u s te o .
g o ld $ 3 0 0 .0 0 0 ............... c * n t f In torest a t N a tio n a l C it y B a n k , N o w Y o r k .
1901
5 K M -S
1 ,4 60,000 S e p t 1 1941
C o n s o lid a te d m o r tg a g e , g o ld
S2
($ 1 ,0nnm
00) $
2 .2250
5 0 ,0000
00
- cc *^ tt ft In te re st at N ow Y o r k T r u s t C o . , N . Y . , T r u s .

^ M e i^ S ifh s id ia r ie s .— Because^ o f a" d e cis io n o f th e S u p rem e C o u rt h o ld in g
i-hat s u b u rb a n lines as ra ilw a y s , are am e n a b le t o th o M in n e s o ta 4 % gross
th a t suburbanM in es, a s /if i id
M a r 1910 t o In co rp o ra te th o M in n e a p o lis

S

S

-

S

3

£

|

£>a ie .
p os es .
. 90, j ) . 850-----ST O C K A N D BO N DS—
T w in City R apid T ransit—
C o m $ 2 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - - - - - - P r e f c u m $ 3 ,0 0 0 ,0 0 0 ($100) - 1895
M in n e a p o lis Street Railway C o.—
1 st c o n M g $ 5 ,0 0 0 ,0 0 0 - c * c p t 1889
St P aul City Railwau Co—
F ir s t m tg e on real estate an d l 1882
? S e C? o T g o fd W ” S t r t ? t i l l r

In terest.

S

s

O utstanding.

s

4

M a tu rity .

$ 2 2 ,0 0 0 ,0 0 0 o c t ; i e . 1 H
3 .0 0 0 .0 0 0 O c t ’ 16, 1 H

6 Q-J
7 Q-J
6 g J -J 15
6 g A -0
5 1 J - i 15

J r 6 a D°’ & c L o w n s 61 m iles o f tra ck in M o b ile an d e xten sion s t o M a g a ­
zin e P o in t Spring H ill, W h istle r a n d M o n r o e P a rk . C o m p a n y a ls o ow n s
‘ ‘ TVTnnrofi P a rk ” an d w a te r p o w e r an d 260 acres o f la n d a d jo in in g .
^ F F I C E R S . - P r e s f j . I f . W ilso n ; V . - P . . O . D . W illo u g h b y ; S e c . & A u d ^
M W . G lo v e r ; T r e a s ., O . W h it e S pu n n er; G e n . M g r ., J . H . W ils o n .
_________ _
________
V . 8 6 . P- 1529.

MONMOUTH, ILL.

5 .0 0 0 ,0 0 0 Jan 15 1919
2 24 .000 A p ril 1 1932
3 ,7 0 8 ;000 J a n 15 1937

i

S

S

S

t

i

S

f

a

K

a

s

^ O R G A N I Z A T I O N . — I n c o r p . In 1906 u n d e r S team R R . A c t o f I llin o is .
O p erattrf b y e le ctr ic ity Tor passengers a n d sto a m fo r fro lg h t. /■ ranchises
ln AppU™at4on foT a ^ o c o iv o T b y th o o rig in a l p r o m o te rs o f th e r o a d w as d o -

M a tu r ity .

BOND3 ^ -' ° b S .'
t a 57 o c * a- S Vtocklis°?ed on N , Y . S to ck E x ch a n g e .
S ^ e M
W
l i i 's tZ T ila ilw ^
a n d s e v e ra lly w ith
th e M in n e a p o lis L y n d a le & M in n e to n k a R a ilw a y C o . , Issu^ A 5 >000-000 5 %

E S fi s w

A

r - s S t t r a e« . “s s a . a

a l T h l o S ^ P u d C ^ R a i l Z b C o. ^ s tesued $ 4 ,3 8 8 ,0 0 0 ^

SSSS
m tg e . w as $ 5 ,5 0 0 ,0 0 0 . b u t
1

S

S t onR F ? n i? R U4?— P ros M A W a ls h ; V . - P . , W ill H a lste d C la r k . C h ic a g o ;
Soc & T ? e a s . ? j . w ! w K lsli; G e n M g r ., G o o . W . Q u a ck o n b u sh , R o c k Isla nd.
111.— V . 101, p ; 104; V . 102, p . 886 .

T

MONTGOMERY, ALA.
b y th e jo in t c o n s

m tg e

1M 3 n o i W h f f a

th e st c o n s ^ S t g o . o f t h e S t .SP aul C i t y , $ 22 4,00 0 are h e ld b y th e F arm ors
L o a n & T r C o . t o b o exch a n g e d fo r th o $22 4 ,0 0 0 first m.?§0 i , nt^3 ' _ n n »
T h e M in n ea p olis Street Ry A St. P aul City R y. c o n s o lid a te d m o r t g ^ e Of
1903 is a jo in t Issue o f th o M in n e a p o lis S treet R y . a n d th e S t. P a u lT flty J fr r .
G u a r a n te e d , p r in . an d in t .. b y e n d o rs e m e n t, b y T w in C it y R a p id T ransit
C o . (see V . 7 7 . P- 2281 a n d 2 3 4 0 ).




1 W » *...........................
S 2 ? t2 2 « l » o o 6 - ; i'
5 g J -}‘
6 2 1 .0 0 0 j i n ' i ' i M ?
FI7«1 non W a t 105
. c l n t f a t A m e r . T r . & S a v . B k . C h ic T r u s te e .
^ tO A f?.— 16 m iles b e tw e e n G a le s b u rg a n d M o n m o u t h . 7 5 -lb . r a il.

M O N T G O M E R Y l I G H T & T R A C T I O N C O .— A t r o lle y r o a d .

V 'w i> "‘£ S

i”

?■ ? ? J iV n ? n n w nrfm ertv

„

“ r . r . S S r r ' " ' ii! om.ooom “12.000 .boo:
V . 9 4 , p . 1764.

s y s te m In M o n t g o m e r y a n d its su b u rb s.

S to c k h ad p r e v io u s ly been d o S treet r a ilw a y fra n ch ises th a t are

franchise °runs S f M ? * " 6® 1932 and 1942’

E»~ M e »* h t and power
began J a n ^ i ^ g i t o f ^ ’ ^ Y ^ ' o f J[iehonri?0ti? e.

Stock^^.OfJO^oVcS 100)!“ _. D <U e'
1 s t* ref M $5,000,000 s k f d „ 1912

5% ------

w&sj&t * T * m

Mss«3S C iJfr.

D iv i d e n d s .—

j2 <000<00ft" M a t u r i t « lOOo’fnn AnViTVIS^

In terest-

1908

8°m i-annual sinking fund
,v - 95. p. 1331.
.

£ % '

v a1?‘

lien fmd $ 3 % o hm rf f & ro,^l.n<II? g, bonds, $350,000 aro rasorVed ’ forUpr?or
tlon o?rofu n d 50'«fn rf« r ^ dh n3, & betterm ’ ts at 8,0% o f cost, or ifor aSqulsL
Sirik fd nmVni *#£ , ® 3 ' (.o f, )01!1<is,o f othPr Properties which m ay bo acauirod
1915. V 95, p° i f , 0 f a11 bonds autbonticatod annually bogan i*pril l

O F F IC E R S — PrtS
W.
M . C u t l ^ L o P^

R n n ! River about 5 miles from M uskogee.
1
f ^ . ^ ^ ^ ^ ^ . Sp .Bf f i n: S ec‘ & T reas.!

69F;An ^ /a f^ 'r 7 a 3 fe s °^ 0 6 ,? 8 1 ).rOPCr*i*eS f0r CaL yCar 1914’ gross- *396.ten n essff

Mon^gome7v°amiatf^S w n ’P i l f ’ a * V ack ^ elud ing 4 milos of double track) in
anri q*
? I1C*
Pickotfc Springs; 56 cars. Standard gauge* 70dh T
and 95-lb. girder rail. Power-house capacity, 4,000 k.w .
S ’ 'u
T
n h9 r
^
Pr<? / ’ Ray Rushton; Sec., H. F. Crenshaw Treas
v!*95. p.*47 °V ?looi^p. 734;Py.310^t p! { f a f * 1026: V - ^ . P 2 0 7 ^ 4 !
M O N T O U R S V IL L E ,

PA.

MONTOURSY.LLE PASSENGER R A ILW A Y.— A trolley road.
r»ioM?,>;iA^ T ^ .T f9 N .— Chartered in Pennsylvania Juno 28 1897
ComF h w n i <rIi°mt ^ as 9 e c . 10 1897. Owns all the stock o f tho Montoursvllle
Electric Light Co. Stock auth. and issued, $75,000. Funded dobt anth
and Issued SH2 °00 5% 30-yoar gold bonds (tf) dated M a y l 1 9 0 8 iSS*
\ O p e r a t e s 514 m. of track from Williamsport to Montoursvllle’ p » '
An extension of l A miles to the borough limits on the east is^proposed
mos- ending Aug. 31 1916 (inch Mont. Elec Lt C o )
gross, $28,307; expenses, taxes, interest, &c., $28,677; deficit $370
CoudorspOTt^ Soc?"&’ Treas".

^

v

H V IL L E > T E N N .

am ount,
^ i ^ GS
<G rojjinCd N ™ ( n f L ° f C«
.D e c . 3 1 Earnings.
Tax%

^ eelm ?S9V^liia]mspor^''G'o^°0\Vard’

p f 2 0 7 / 1764;ngv ! ’ 95r.° p '04 7 f Vll,0’ ~ V* 8 8 ’ P ’ ’3 75: V ' 9 1 - P- 1028:* V ^94,’
M O R R IS T O W N ,

d a i.

ORQANIZATrONr1LVy A Y ’ L.,Q H T & POWER CO.
Is a holding c o m p a i^ M d Swns iiH h alnf ° ? A P ^ ‘ 23 1912. V . 94, p. 1120.
tlcally all the com m on and $335
Tennessee Power C o ., pracC o. and practically all com a n d n f f ' ? !° p k o 7 t b ? Nashville R y. & L t.
STOCK A N D B O N D S - '
?
r
° f C h a tt- K y ’ & L t ‘ ° ° Com m on S20.000.000 ($100)
1
lnteresl- Outstanding. Maturity,
P f $50,000,000($100)6% cu m --------------------- $18,000,000
................
Secured
notes
$3,500 0001 1916
e " f Y i '_
10,250,000
See text
(Sl.OOOJred at 104 & in t ° c * {Bankers Trust C o m2 ’50v ’0(I0 Juno 1 1918
The secured notes were issnnd
S J i rust»S(0,-A N ow Y ork, trustee,
participating receipts duo Juno 22 10? f w v ° f?-5 0 0 ,0 0 0 ono-yoar 6 % note

t o i l : : : : : : : : : : $3 7 6 2 is7
Six Mos. end. Juke 3 0 -

•LSZ?-fe|
’ ^’398

M i :— - :^ 8 K B

“ «

tu,ent com panies;
A , * D iv s ± ° \

™ *n ce.

sT os^
109,049

$2 ^ 1 3 9
187)929

s i . 3 2 0 ',2 6 3
1.194,420

N . J.

MORRIS COUNTY TR ACTION .— An electric road

»|m

«

^ ^ S ^ W S ^ IS S S ^ S L & f e S y t a K t0? bafer

R yri?L
L XV!
* t t1• fv jof .

W On Feb
Fob?21^1*913
t h evT jr. W Tr?.r.?.p^rpetual or *for
* 35
*
°
211913 the
3 5 years’
y °ar3$ 3 0 (L (W 0 c a p .1 s t o c k 1 t o ^ r ^ 'ir ^ t h e ^ $ 3 * 0 0 0 O l^ e x t a ^ P n a s t o c k ^ fo n !.911 t o ^ u o

P0wer^nK
dr^ t 4 C i w p e r t f ^ i n ^ h v i l l e °OhaattannPerato .e,ec! rIc' 11* ht •

S

“

£

3

: . . “

;

,n ," a L

Ma‘ urU‘ -

° n StOCks 0f constItu°nt cos. not owned by Tenni
x o ilii.

a K S ro n v & ft:

p
98i ? S P I ?f bf ^

r ““^

T o n n r R y r ; L t r <e repIowa n CoPr

Bonds.— Of the gen. mtge. bonds SI nnn nnn

NI

Arustce.

**1

fun°dndV l3/ ^ ’Sned atr%e5VCd t0 r°tiro the

I n W
5 ^ . * » ! S i g ^ * « » . $3307225; not. $112,596
«5l®AP "— Is to build 75 miles of road from Elizabeth -w t .
.
with a branch from Denvillo to Boonton and n i w v S * u J ” t0 Netcong,
operation from Morristown to Lake HoDatcrmc o»7iJ,ra?iCbos’ . Road Is in
to Boonton, 5 miles, and to Wharton
miles, with branches
Springfield, 6 miles, and from Maidewo^f
ai 2 ? E ^ a b e t h to
tu .v o inuos or road. Total trmL- i „ 7 ,„ '*.i
J-viaui3 miles o f road between Danforth R oad andivrJ>^.?of^fc o n ’ 58 ra,les- Tho
M orris R R . and aro operated undor loaso 1fiS S S J ° ? 1V.a ro P ^ ? * 1 b y t,l°
T rail in country, 80-lb. girder in cities
Tho moV??’ 4 i t ‘
,n - 70-11).
“ n m o B D ? 1'
un<lor consideration".
building o f a lino from Land-

Ohoate!MBo r t e ^ f s ’ecHe&nrTyr e ^

0°" o T h ^ r o ^ . V

R-

O . O. W o id m a n .-V . 95. p. 680. 1608. 174ft! V . 9 6 ,’ p 63 65°3T V .^ 7 ? p S
MOUNT

H OLLY.

N

’

.T

reorganIzat[o’^l^of1tim Nasliville0 Ralhvav rnHn0SSi?i° o n .Ju" e 28 1903. Is a
latter’s first consol, mtge. T ho Nashvilln^Rv8 wd under foreclosure o f the
o f the Nashville Street^Railway t t o Na.shv^i»” ^ aa consolidation ln 1900
zens’ Rapid Transit. the Omnbm-Ianri F ilH li &T Suburban and the C itiUnlon Light & Power C o
r K S L u Ieci f e Llght & Power and the
morcial lighting and power b u ^ im ^ h ?
‘I
str?.ct railway and com v * p ’ F r ™ c h i s e s perpetual;
thoso covering tho princiDa 1 r a ib v n v n
city the righ t to p u rch ^ s e after 1923. 1 nos contaln a Provision giving the
C om m on! t o o o . o o n D a t e .
K

\ V f ? s 2o S 0^

0ffiM T '

In terest.

im

° ’ lls E n d i n g .

I W

M a tu r ity .

^ ® ) » r ; - ' i I65 i , g

($100. $500 & $ 1.000)- c n t f/ Nashvillo Tr Co Tr„ J 55,0? 0 Ju'y, 1 1928
Second series ($l.OO0.cntf 1887
6 I -j
”
?os, ° m «3
Nashville & Edgefield 1st M l m * llef i 'j ,'r0 0 ” Trust, in t. a t 'c o ’s office
($100. $500 & S 1.0M )^e n t f N a sh v ille V r n .. ™ ?9 .0 0 0 Jan 1 1017
Oousoi M (closed) ($500.{ 1?89
6 J-J ° "1 Tru§Vs l “ ‘ -a‘ Tc o's office
xt
Jan 1 1920
_ _ and $1,000)_______ _ e n t f iNashvrnin T r
NashvilleiSt R y 1st mortgage 1 1895
5 „ j j N as^ . ’.!l“ - T erm -. Trustee

O RG A NIZ I t rON ° UrNT Y TRAN SIT CO ^—Trolley.

‘"

*K ® S

o n i ' S S N,<1 ? 6 7 ,' f f
M 8 .1 8 C not from
dividends (4 % ), $4,750; L i-p lS s ?si.Y lO .101’ not from operations, $6,160;
and lla h io s n o rtT o ^ lL ^ a s to w n ^ e O lb ° T
Unr-t0n thr-°^gh M ount Ilo lly
1
91 6 !)
tire com pany’s
“ y ? {IIf gcars
i, 2
b^
J com ™
M ^ ?’ 5ftJ
^
1916
9 o f "the
W2C± T
n ifiV el^
, cOn Mh a n * 29
now cars ordered at cost o f $6 200 each for (Soli™™4™ troy?d b y fire. T w o

moncod July

1 1913

but oniv

.

1

annum, com -

3').949.900 are roservoci for prior liens w , i nn m r d ' ia nd e^t. bonds,
$4,889,000 m ay be issued at rato o f $1 000 for e lch « ri°oFntreasur/ ’ and
future Improvements and equipments not over * 7nnCn o o l ,2i>0 ,e xPcnded for

nS5lf«Ji5t*g
flUSKBOON T R A C ^ K ^ M
* T rS on ” l “ T
o lt,

F ,m A U „

l 8 “ *’p " 1« “ ' ' ° Ck

expire: K , ”

a

S 0^
ao<Il" rod t o » » A m erican Light

g ' f f i K

®

®

s

*assg& ss 5 s g * g i s g ;

» " » * k» p * t u v e .
^.1
(te n d s .— T ho first d iv. on nref storlr
01s o ?
.. _
then 2 1 4 % somi-annually to July 1910
In O c t 2 ioirw»vfr Pa *d Jan.

1 1901, and „
“ r a lf™ ^ g S S & f„r

1 1905;

in Fob. N one to xVprii 1915, when 1 % 'was n a i r f ^ ,an d l ^ i% special
all com . stock .acquired by Tennessee l i v Ft *• T w rx n?0Y r l ract*cally
E A R N IN G S .— Years ending
3^ "
& ° W ' C ° ’ In M a V 1912.

FI4 r ^ f la^ ^ 9o6,^ oC,gP'a? 1991

5 g M-S

600.000 M a ? ! ^

^
f f l a V i 0K 5j —
------------t f- <In»Wilkes-UarTO,
e s - an l Z y rP a,nC
Y^ y
Dinirif^nHa
7- -------.. Trustee.

!

^

, Cal Y e a r -

?5emir^d oft^ k ? % year'y from 1902 to date.
Rapids Grand Havon & M n I i ^ d &£ d scrY«s,as a terminal for tho Grand
between points Indicated^fn^h®t?tle.y ” Whlch °P°rates 40 mllos of track

N Taze {

f

In i% f U

Pre/ i P iv -

™ an ce,

iifesoo SffS&
2 § T 0 7 2

t o

n . P. Lewis1,SM uskegon3 Asst US e?: ^ aP-; J.'n T ‘ Youn«: Sec- & Treas.,

James Lawrence; Gen. Sunt

E a r n fn g s .

*IUf4l *%$$%

r o a d ! —Owns

I

W al p . n Asst. Treas., C . N . Joliffo; A n d .,

r

J tessssz

V. 96, p. 1840; V. 10i. p.P774 a,ter Eyko-— v - 92, p. 595; V. 91, p. 1387.:
(2)
O UGA N PzA TI0Ln I —fInTOrporatedin^

troIloy road’

$450,000 and In part payment for the Peordn’nVKS1'^ an cari*or issuo of
gona 1 bonds will bo issued In final payment
Uyi 5200'00° a<l<litwice tho Interest charges on bonds out incliuiin'i aPnual net earnings aro
chisesnee unlimited as to time.
' ln c ,u c U n 8 theso $200,000. FranRight of Purchase bg City.— The cltv han thn
pany s property within city limits in lT U an d at *ih0 pur.chaso a*> the cornperiod thereafter, at a price determinable by arhitS„eMd or,°very 15-year
such purchase tile bonds must be either paid o ffb^ tlon’ ^ut ln caso ° r
and ln the latter event tho com pany must bo aMnx^ifs.u,nod by the city,

C h a tta n o o g a R a ilw a y & L ig h t C o .

29 1999 ~ »
0 0 per plan V 88. p. 1497. V S9 p 285 6 ,™ 2 , > nU n0? .^ Electric
Lookout M ountain R y. C o) D o e a '^ t i ^ Rtr^T ^ n i L ® ^ P ita l stock o f
interurban line, and practicallv all the pleptrir^Moa?.- wa? ’ excepting one
In Chattanooga and
b ^ ‘ nG83
Chlclcemauga Park and Lookout M ountain. In 1911 made »Df r ? R *d80»
Ira ctw ith Tennes-see i’ ower C o ., under which It w illn h ta le e i ? ° 'y r- co n *
F ra n cK s™ ,

w i t ^ m h S ? e ^ c e p t T o M ^ w i t t o u ^ m i t ^ t i m e .^ rese^ ® ron l'^
In terest.

8 TO ?K °A N l” ' UONDsT
”'
’ l,h “ »« « » * » « Oca A El. Oo.
Stock $500,000 ($100).
‘
Interest. Outstanding. Maturity
Mrst mtge $5,000,000 sinking! 1912
5 g M -N
nnn a n „ 8co t,ixt
fund g Id ($1.000).........c* Unt. at Equitable Tr ^90,000 M ay l 1934
Remaining bonds may bo Issued for iddiiinnQ nnfi t
^ T ru ste o .
of cost, with certain restrictions. Subjectto'cafl a s t w h & M n 5 L t ? S




P XD^b-

com m on arui $2.00o!()00 pref." Ktock°WnS pract,ca" y aIl o f the $3,000,000

D'HOHtRUHty,
O u ts ta n d in g .

___
^y .
M a t u r it

$3,000,000 See text
1 rer $2,000,000 5% c u m ($ 1 0 0 )___
O -f
2.000,000
See text
Fiwt and refunding mortgage) 1909
5 sc M -N
2,395,000 M ay 1 1 9 5 5
$15,000,000 g ($ l,0 0 0 ).c * tf/ Fidelity Trust Co
pb'a
Trustee 6
C hatt Rys 1st cons mtge, seel 1906
5 tr \r~w' ’ P^il1
o iade'
c s f\
n n ~'iS
May U
1 1955
f8'r>00 & $1,000) g . c * t f ) Int. at Com m TV C o 2.165.090
2o f Phn2° nmiV
956
C hatt El R y 1st M $625,000 1898
5 gY j
^
69? n n n p b iiav Trus.
g not sub to c ($ l ,0 0 0 )c* n tf/In t. at M aryland Trust C . ’ 0°n,i<J a m 1 1919
Tw o-year 5 gold notes $ 1,-1 1915
5 e j n 1 V ,V erSH 6-’ T rustee000.000 ($1.0 00 )..........c n tf/P e n r f C o f for Ins. on L iv ^?0* ^
^ 7

R O A D .— Operates 6 miles o f track; 12 cars.

R a tcliff

^ S S tS e S S :. * * & £ » & * & J g . i f l f t . m . ’
h s w s & s s r ffif*
office o f trustee.

o f ^ ’f cSS’S

« •b o s s -

V . 89, p . 846.

&

" ” »■ - d *•

tn the extent o f 7 5 % o f the face value

S

'

S

S

:

S M , J0. u ’S . S S f » a prof. stock is
Tennessee K y., Light & Power C o.
E A R N IN G S .— Years onding Juno 30:
In terest.
Cal
G ro s s
E xp. *
£*•*
& c.
$357,341
i-Y s s r
, r . « 2
* ® 5 4 ®
s
349.613

t£

P U B L IC SE R V IC E C O R P ^ R W H O N ° F8n ^ n r fS lJlE R S E Y '~""9treet
railway, gas and electric.— (Sea m a p o n p a g e s 80 a n d 81.)
d
O R G A N IZ A T IO N .— Incorporated in New J e r s e y ^ M a y 6 J ^ b U c

b y the

E d. cl°

B a la n c e ,
S u r. o r D e f .

sur.$76,957
clef. 14,834

’Jersey
,3g^and the gas and lighting “ ‘ terests or tne

s«arasar-

ht & Power C o .,
Also owns entire
t C o (V * 9 1 f p ?9 5 h N?chois Elec. Light & Power C o . o f
Morristown Gas Light C o. (V . J i ,P j o c
Power C o. (Berth A m b o y ,
N u t lo y .N . J .. Citizens ®>«c. I - ® * * * (& !, PubU cService R R . and W ee-

S j s m & . sk

stations o f 9,400 h . p . capacity as reservo stations.
O F F IC E ItS .— Pres., C M . Clark; V .-P s. M ^ H o j p W n s . H . L . Clark
« £ £ % m H m £ n k m ^ V 8 9 ^ 2 8 5 . 840; V . 95. p . 543. 1122; V . 101. P ­
1013; V . 102, p. 1625; V . 103. p. 843.

© E S S # « a a i» r ts
STOCK A N D B O N D S D a te .
Stock ( $ 5 0 0 , 0 0 0 ) . . - - - - - - - - - - —

In terest.

O u ts ta n d in g .

5‘ g Y f - N

389’,000

^

U

°pPueb
« « eeG ^
P * * • 721. 817.
In July 1910 all leasehold Interest in o l^ tric light a n d power^proportles

y .

May" 1 1950

011’a ^ b se q iie n t pag0See Public Service R y . below.
affirmed the
decblon^of^the^N bw^er^y^Coi^^^Errors^anS^Appoal^ho^ldhig th a tjjh e
Chosen F r e e h o ld ^ o f H u ^ o n C ou n ty. N ^ ^ n a *gtaton lsiand) & Bergen
to 6 cents P®r_r0 u n
r PJH .A.1?q owned bv tho Public Service C orporation.
N e w T e r m in a l .—

&

S S ^ ^ S S t V .0
pending a hearing.
a u tb . ca p |tat st0ck was increased from
« o W r t W t o $ 5 0 ^ 0 0 0<fc26Shlreholdem 0Pf record Oct 2 1910 m ay subS^ock0a]|no\\Sn e d ^ T re n n ra s e e R y .. Light * ^ * f f 2 4 ° i 9 1 2 as a consollO R O A N IZ A T IO N .— Incorp. In Tennessee on April 21 1J 12 as a co i
_

I r s f a w S ' DMW d

--o jt o jo M . r - M

T1n n o^o?d ($

as collateral on advances, o f which $2,50U,UUU a

ooof S

^ s e o ^

s ®<»q 4 kq non aro

r& ?a i f

S e ^ ^ e^r^xtoii^lons,^c^u^W O T^aiK ?^m ^rovem ents^ fo^ ex tra o ^ ln a ry

C
. S

l lm

‘d £ l ' S

pledged as security tor t o trust eertltlcatg,. T o M C ,f l _
„ T o ta l

T o ta l
S tock .

t r i b u t l S 5 W080t:e X t|1M . i l i : 1'?tot’a 1! '° $ 50L 6 36 ;*^i n terest (n et). $465,598;
8
pro perty
& C._Owns water-power sites on the Ocoee R iver near
Parksvlllo, T on n .. with an ultim ate capacity o f 80.000 h . §• Optlo
■
heen aecu rod on sites for the developm ent o f 30,000 h. p . auaiuonai
G reat Falls. T en n .. owns a site capable o f developing §0.000 h. p. — — developm ent In operation. N o. 1 was put in oneratlon Jan. 1912 and
o.

D e p o s it e d .

IVclU lulu,*
C e r t if l - I f A l l S lock
c a te s . E x c h a n g e d .

•North Jersey Street R y . . - -$15.000.000 $14,994,400 40% $6,000,000
•Jersey C ity H oboken & Pat­
19.984.600 35%
7.000.000
erson Street R y - - - - - - - - - - - 20.000.000
900.000
3,000.000 30%
Je^ey R ? C ? - - - - 3.000.000
300.000