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Full text of "The Commercial and financial chronicle"






f 

I 






THE INVESTORS' 




SUPPL MENT 



or THE 



COMMERCIAL & f 1NANCIAL CHRONICLE 



GENERAL INDEX. 



RAILROAD DIVIDENDS FOR 8> 

INDEX TO RAILROADS CONSOLIDATED, ETC. 

8TEAJI RAILROADS 

)U8 OOMPAN 

Seeabo " MIRCTI.I 
NEW YORK AND BROOKLYN 
N. Y. AND BROOKLYN FIRE IN8URAM K CO'S 

:K AND BROOKLYN THUS \ NIKS- 153 

MONTHLY REPORTS OF RAILROAD EAitNINGS - 156 
MAI.K-YKAHLY RETURNS OF TRUST COMPANIES - 18S 



PAGE. 
8 
5 
7 

141 
155 
155 
- 156 



3O, 189V. 







\> 
WILLIAM R T)A\A COMPANY, PUBLISHER^, 

I'IXE STREET, oomm PEARL STREET, NEW YORK. 

,>y WILLIAM B. DAKA roMPAinr, In offloe of Librarian of Congmi, WMhinfton.D. C.] 



JOHN H. DAVIS & CO, 

BANKERS 

AND 

DEALERS IN HIGH-CLASS INVESTMENT SECURITIES. 

MEMBERS OF NEW YORK AND PHILADELPHIA STOCK EXCHANGES. 

Buy and Sell Stocks on all exchanges ON COMMISSION ONLY, and carry Stocks and 
Bonds on margin. 

10 \VALI^ STREET, IVETW YORK. 



BROWN BROTHERS & Co, 

PHILADELPHIA, IVE\V YOK-K, BOSTON, 

4th and Chestnut Sts. 59 WALL STREET. 66 State St. 

AND 

ALEX. BROWN & SONS, Baltimore and Calvert Sts., Baltimore. 

ALL CONNECTED BY PRIVATE WIRE. 

'I. mhrr of the New York, Philadelphia and Raltlmore Stock Exchange*. 

Execute Orders on Commission for Purchase and Sale of Stocks, Bonds, and all Investment 

Securities. Bills of Exchange Bought and Sold. 

< "man rrlul Letter* of Credit and Traveler*' Letter* of Credit i**ued, available In all part* of the World. 
< > n. < iloim mad* on all point*; Telegraphic TrauMfers of Money made between this Conntrjr and Europe. 
Account* of American Bank*, Rankers, Firm* and Individual* received upon favorable term*. 



Brown, Shipley & Co., Founders' Court, Lothbury, E. C., London. 

i 
;. 8. FARLKK. ROBERT D. FARLEE. 

J. S. FARLEE & BROTHER, 

NO. 11 WALL STREET, NEW YORK. 

Brokers and Dealers in Investment Bonds and Stocks. 
STATE, MUNICIPAL, AND APPROVED 

RAILROAD BONDS, 

PAYING FROM 4 TO 6 PER CENT, 

On hand for Immediate Delivery, suitable tor Savings Banks, Trust Funds and other 
Conservative Investors. Correspondence Solicited. 

SAMUEL D. DAVIS & Co., 

BANKERS, 

36 Wall Street, New York. 

MEMBERS N. Y. STOCK EXCHANGE. 

INVESTMENT SECURITIES A SPECIALTY. 

Interest Allowed on Deposits subject to sight draft. 



THE INVESTORS 

SUPPLEMENT 



-OF THE- 



QOMIVIERCIAL & PINANCIAL CHRONICLE. 



I KaHNd Minting to Act of Oamgnm In the year 1807. by WILLIAM B. DAA COMTAXT, In the 



of I.llirarUn of Oongreo*. Wuhlnrton, D. <X 



NEW YORK, JANUARY 3O, 1897. 



RAILROAD DIVIDENDS FOR 81VSN YEARS. 

The following table howi the dividends paid for seven yean past on all railroad stocks (of steam railroads) 
sold at the Stock Exchanges in New York, Hoston, Philadelphia and Baltimore. Stocks which hare been 
merged or consolidated, and hare no longer a separate existence, are not included. Dividends actually paid 
form the basis of a year's total. Those declared in one year and paid in another appear in the latter year. An 
on Railroad Dividends WM published in the COMXEBOIAL AM. Fis \VIAL CHROHICLB of January 16, 
1897, pages 106 and 107, in which the changes that occurred daring 1890 are discussed. 

DIVIDENDS OX RAILROAD STOCKS 




1M1. 



1SS4. 



ISM. 




y 




4o 4o WML QoMtaftr-JaB. 

fttttWMkoo A 8t rW April OB* Get 

*Mtkw* * f " r i 9 t SSi 



sr 



4. "ja 

d* PM.V.... 
*0i 



I -. i','r7f 
MjttlV.p.*TMolC*... 




rob! Md Ao. 



_ .. 

Do 4* orof 

Irr.LormlB A WlMTf. yra/ 

tb . KMT ilMMMt) Qoarlortr 
TUo7*TL, *.. 7*a. in.1 Julr 
r Mi. 



s 




RMF^SST::- 

D_ do . r 




r Alo. *CftioI.'frt 

-JOlTMod 

iCM*nl... 

8*. Lote.lt praf 

b BTaM 




Mar. Mid 
JOB. j>d 



April 



iriot 



7 
9% 



11 
1-93 



4 

I J 



M* 

JrVfefo^u^ 

F*^*f*fTo*1 . . 



* T 
V 




i 



5- 



I- 



** 
i"* 



B 



...... 

at 



7 
..... 



8 

4 

-i" 



s 
* 



..... 

3Sl 



131 



6 

0-7 
B 

4 

4% 

B 

4 Hi 

5 Hi 



A 
7% 

s- 



*9Hl 

* S 3 
10 



d A 2Hi 
. 

10 



7 
I 



I 



I 

"T 
I 



i 

B 

2-3 
B 



8 

4 

PS 



8 A 2Hi 1*1 i 
10 I* 



i 



4 



I 



11 
ft 

7 
9- 
6 



3 
ft 

4*4 



5 Hi 



.... 

3 Si 

B 

4 

8*3 
8*3 



7 
4 

9 

8% 

Ml 



7 
7 
1 



11 
ft 

7 
ft' 

4 



9 
4>4 



- V : 

V 



9-4 r> 



2 
B 



e 

6 

4 

7 
7 



7 
B 

7 

e 

11 
B 



e 
ft 

8 

...... 

I 
B 

8*9 

- A S 

S 

8 



INVESTORS' SUPPLEMENT. 

___========= 

DIVIDENDS ON RAILROAD STOCKS CONCLUDED. 



[VOL. LXIV. 



Mane of Company. 


Dividend Periods. 


1890. 


1891. 


1892. 


1893. 


1894. 


1895. 


1896. 


. T. PTOT. * Bojt-mtonliurtoni 
lew York Roea A West., prrf . . 


Quarterly Feb. 


10 


10 


u 

2 
2 
28 

4 
7 
7 
6 
7 

8 

I 
5 


U 

2 

16 

4 
7 
7 
6 
7 
8 
8 

5 


t 


t 


t 
4 


[erfoU A BonCseni - 


Qaarterly Jan. 


6 
16 


5 
16 
3 

7 

3 

7 

8 


"26" 
2 
7 

6 

7 
8 
8 


16 


"si" 

2 

7 

64 

8 
8 


reaasylraaia Coal. 


Qaarterly- Feb. 


Hub FVW * ChJc. jraar.O'sed) 
Do de special .. 
FlMab. Younflfn A Ashtabula. 
Do do pref. 


Quarterly Jan. 
Qaarterly Jan. 


7 
24 

8 

8 


7 

I 

7 
8 

a 


March and Sept! 
Qaarterly Feb. 
Jan. and July. 
Quarterly Fen. 
Qaarterly Feb. 
Jan. and July. 
March and Sept. 
Qaarterly Feb. 
Jan. ana July. 
Feb. and Aug. 


BeaseeUer A Saratoga (leased). 
bo Grande Western, pref 
Rom* Watertown A Offdensb'rf 
St. Lonl Alton A Terre Haute, 
t. Paul A Duluth pref 


6 


6 


5 


5 

5 
6 


6 
H 
6 


7 
7 
8 
6 
2 
5 
4\ 

8 

9 
6 

10 

7 


7 
6 
8 
6 
4 
5 
4% 

8 
7 
8 
6 
10 
54 


6 
8 
6 
2 
5 

8 
7 
8 
6 
10 
5 


5 
6 


5 

6 


It. Paul Mlnneap. A Manitoba. 
TeBneesee Coal A Iron, pref 
TsrreHanteA Indianapolis.... 


3 










00 do pref. 
WfcMttn* * Lake ErU. pr.... 


Quarterly Jan. 


3% 

8 
7 

3(0 
10 

7 


5 
2 

8 
7 
6 
6 
10 
44 


5 


8% 


Quarterly Mar. 
Jan. and Jnly. 
Qaarterly Jan. 
March and Sept. 
Quarterly Jan. 
Jan. and Jnly. 


8 
7 
6 
6 
10 
4 


8 
7 
6 
6 
10 
3 
3 


smnim A Lowell 


IfllV A Maine '. 


Do pref... 


n ml . _ m , , , 


Central Massachusetts, pref. . . 
Chicago A West Michigan 
On. Sand. A Cleveland, com .. 


Feb. and Aug. 


3 
6 
6 


34 

6 
2 


34 
3 


(t) 
6 

6 
6 
14 
6 

3 
5 

4 
2 


6 

6 
6 
6 
6 
10 
5 
3 
5 
3 


6 

(n) 6*4 
(n) 6 "4 
10 
5 
3 
5 
4 


6 

7 
7 
7 
7 
10 
ft 

3 
5 

4 


Do pref 


May and NOT. 
Qaarterly Jan. 


Concord A Montreal 
CUM I. (Bost-Oon. A Mon. pf.) 
CUM II. (Best. Con. A Moa ).. 
CUM III. (Bos. a A Mon. old) 
CUM IV. (Concord stock) 


Quarterly -Jan. 
Qaarterly Jan. 
Jan. and July. 
Feb. and Aug. 
June and Dee. 
April and Oct. 
Jan. and Jaly. 
Feb. and Aug. 
Mar. and Sept. 




6 
8 
5 
44 

2 
6 

2 
34 
8 
6 
10 
9 
6 A 25 extra 
8 
7 
5 

6 
10 
2 
6 
6 
6 


6 

8 
5 

3%&50stock 
5 
34 

2 
1 
4 
6 
10 
9 
6 
8 
9-90 (v) 
5 
6 
6 
10 
3 
6 
6 
6 


6 

8 
5 
3 
5 

4 


Oonneetieat A Passampsl'o.'pM. 


Buopean A North American ... 
FttehDarg, pref ........... 


Flint A Pere Marquette, pref. . . 
Ft. Wayne A Jack, pref (leased) 
Hartford A Conn. west, (leased) 
Kan*. City Ft. Scott A Memphis 
Kan. City Ft. Scott A M., pref.. 
aMBeCMinU 


2 19 


54 
2 


54 
2 


Feb. and Aug. 
Feb. and Aug. 


8 (u) 

10 
9 
6 
8 
7 
5 
6 
6 
10 
4 
6 
6 
6 


5 ft) 
6 
10 
9 
6 
8 

5 * 
6 
6 

144 (2) 

6 

6 
6 








6 
10 
9 
11 

8 
7 
5 
6 
6 
1O 
4 
6 
6 
5 

64 

7 
7 
8 
6 
4-58 
t>-38 
7 
5 

44 


6 

9 
6 
8 
7 
5 
6 
6 
10 
4 
6 
6 
5 

5 

7 
7 
8 
6 
4-56 
6-38 
7 
44 
7 
4 


6 
10 

9 
8 
8 
7 
5 
6 
6 
10 
2 
6 
6 
5 

24Cm 
7 
7 
8 
6 
4-56 
6-38 
7 
4 

4 


Manchester A Lawrence 


Hay and NOT. 
May and NOT. 
Quarterly Jan. 
Jan. and July. 
Quarterly Jan. 
Jan. and July. 
Jan. and July 
Jan. and July. 




orthera (N. H.) . . 


Norwich A Woroesfr pfd. (leas'd) 
Old Colony 


PHUfleld A No. Adams (leased) 
Portland A Rochester 


Portl'nd Baoo A Porton. (leased) 
ProTldenoe A Worcester 


Rutland, pref 


Jan. and July. 
April and Oct. 
Jan. and July. 
Jan. and Jaly. 


Vermont A Masaacbus'U (l'ed> 
Vermont Valley 


Woroester Nashua A Rochester. 
PHILADELPHIA. 

Oamden A Atlantic, pref 


Oatawlssa (leased), pref 


May and NOT. 
May and NOT. 
Quarterly Feb. 
Jan. and Jnly. 
May and NOT. 
Jan. and July. 
Jan. and July. 
Feb. and Aug. 
Feb. and Aug. 
May and NOT. 
Quarterly Jan. 
Jan. and July. 
Jan. and July. 
Mar. anil Sept. 
Quarterly Feb. 
Jan. aiiU July. 
May and NOT. 
Jan. and July. 


7 
7 
8 
6 
5 
7 
7 


7 
7 
8 
6 
5 
7 
7 
2 
7 
5 
5 
7 

8 
7 
6 
5 


7 
7 
8 
6 
4-65 
6-80 
7 

7 

r- 

8 

7 
6 

i* 
12 
10 
7 
5 
10 
7 


7 
7 
8 
6 
4-58 
6-38 
7 
5 
7 
6 
4 
7 

5 
8 
9 
5 A 2 scrip. 
6 


Do new pref. 


DeUware A Bound Br'k (leased) 
East Pen nsylTanla (leased) 
Kmlra A WUllamsport (leased). 


Harrtsb.Portsm.Mt J.A L.(l'sed) 
Huntingdon A Broad Top 


Do do pref. 
LehlghCoalA Navigation.. 


54 
5 
5 
8 

r 

8 
24 


Lehlgh Valley ~. 


Mlnehlll A Bohuyl. HaT. (leas'd) 
Neequehonlng Valley (leased) . . 
North Pennsylvania (leased)... 
orthera Central 


7 

5 
8 
7 
5 
2 
2 
12 
10 
7 
5 
10 
7 


7 

r- 

8 
7 
5 
2 


7 

8 
7 
5 


Pennsylvania Railroad 


Pennsylvania A Northwestern. 
PhlladelphU A Erie, common . . 
Phlla. Gennant. A Nor. (leased) 
PhlladelphU A Trenton (leas'd) 
Phlla. Wilmington A Baltimore 
BchoylkUl Vafley 


Quarterly Mar. 
Quarterly Jan. 
Jan. and July. 
Jan. and July. 
Quarterly Jan. 
Mar. and Sept. 
Mar. and Sept. 


12 
10 
6 
5 
10 
7 
44 


12 
10 
6 
5 
10 
7 


104 
10 

5 
10 

7 


12 
10 
64 
5 
10 

3 


12 
10 

7 
ft 
10 

3(m) 
24fm 

6 


United Cos. of N. J. (leased).... 
West Jersey 


West Jeney A Atlantic 
West Jersey A Seashore 


ii i i. i i MO HI:. 

Allan. A Char. Air Line (leased) 
Baltimore A Ohio Main Stem 


Mar. and Sept. 
May and NOT. 
Jan. and Jnly. 
May and NOT. 
Jan. and July. 
Jan. and July. 


54 


6 
20 stock. 
6 
10 
6 
6 

6 

12 


6 

10 
6 

6 

6 


* 

6 
5 
6 
10 
6 
6 

"T" 

6 
3 


6 

6* 
10 
6 
6 
...... 

6 


6 


Do. do. pref. stocks.... 
Do. do. Wash. Branch. 
Central Ohlo.com 


6 
10 
6 
6 


6 
10 
6 
6 

-p 


3 

10 
3 
3 


Do do pref 


Georgia Booth. A Fla., 1st pref. 
WMt Virginia Cent. A Plttso . . . 
Wll. Columbia A Augusta ... 
Wilmington AWeldon ! 


Annual in Men! 
Jan. and Jnly. 


6 
8 



May, 1896, Camden & Atlautlo! 
x"'i 1 T* r "I* 'T" *" lue D0 ton A Maine dividend periods "were o !"kV "TS 1 * ' P er oen t Per annum to Bostoii & 

^sS^sfyf^^^^j^,^SfiSSi^S_s^ 

-- 12 



. 

(ft IJttwoMitof tUs In bond sortp. m 4-9 of r his In toofc (?) F.]rSfrlv Bastorn nrl^r/ 61 6 ? t ,? S 

st Jersey and other roads were consolidated under uameof West JerseS & Seasl ?? NvT i r ^" ; 1 -? 
St!^ /%E'5 der '5" '" tne Bo ton * Maine TdlTldend peruX were Ta <^ to ami, ^ T t d at 7 pe 



JANUARY. 1897. J 



INDEX. 



1XDEX TO COMPANIES CONSOLIDATED, &c. 
Companies not given in the SUPPLEMENT tables in their alphabetical order may be found by reference to the Index below. 



WILL BE FOCKD C!DEK 

Akron A Chicago Junction. Baltimore A Ohio. 

Aifj^w.- central Southern Railway Co. 

t lt PHI* * Imni o rissMint On frntrsl of New Jersey. 
American Telephone A Telegraph.. American BeU Telephone. 

Annapolis A Batto. Short Line. Balto. * Annapolis Short Line. 

Aahtabula* PltUburg Ptttsburg Youngsto wn A Ashtabula. 

Aspen Short Line Colorado Midland. 

A tehison A Nebraska Chicago Burlington A Qniney. 

AtehUon A Pike'* Peak. Central Branch Union Pacific. 

Atlantic A Onlf Savannah Florida A Western 

Atlantic KkMtealppl 4 Ohio Norfolk A Western. 

,i''i fl ' 



Atlantic A Northwest 



kdianPac 



Baltimore Belt 

Baltimore A Cumberland.. 
I A Hanover. 



Baltimore A Harruburg. 
Baltimore A New York... 



Augusta A Knoxvllle. '..... Port Roral A Western Carolina. 

.Baltimore A Ohio. 
..Western Maryland. 
..Wsstecm Maryland. 
..Western Maryland. 

.Baltimore A Ohio. 

.Tort Bowthern. 

* A Michigan Southern. 
iO*BtraL 

icier: tin. Chic. A St. Lools. 

. IlllnoU Central System. 

. IllinoU Central System 



Baltimore * Lehlgh BB. 
Battle Creek A Storgia. 
Bay Clt j A Battl ' 
BeiMMtatne A I 

Belleville A CaroBdetat.. 
Belleville A Eldorado. 



BaUerUleA 
Bell's Gai 



.Oap.. 



.Illinois Central System. 
Pennsylvania A North* 



A New Bed Old Colony. 



I A Montreal 

el A Wi 



A N Y. Air Uae 

Wlathjvp A " 

Brooklyn A 

IrnaswtekA 
Brunswick A We 



..Fltchbnrg. 

JT. T. Hew Haven A Hartford. 
A Lynn. 



New Turk A Pennsylvania. 
Chicago Bte. A Qolacy. 



talro Arkansas A Texas . 
Cairo Short Line 




1PaelBo-Ot L. I. M. A Bo. 
Illinois Central Bystern. 

Chicago A Bt Louis. 



St. L. Cap* Gtrardean A 

! IlllnoU Central By stem. 
~ rolls* * OmtwrUnd 



qirardaan A Fort Smith 
Oap. 



DnhaqMABtoaxCttr. 
Burlington Cedar Rapids A North' n. 
.Chleago A North Western. 

f Oa. RR. A Banking Central of Oa. Ry. 

>wa Iowa Central. 

raahtactoa Northern Paelflc. 

QsMfanatl A Chicago... Ohio Bl ver A CharteXam. 

i Railway, 
i Ball way. 

(Of sf^ea * ! BMmQ *r s>_ \ 



a Fs A California 

ASt. Louis Atehlae 

> Bt. L**de A ew Or!****. . . mtaata 




Belt By. (of Cha 
SSr 




Mllwauh**A8t Paul. 

a 



&B83& 



.-'."..> i 



JABtL. 



AOraaha. 
A Pacific. 



M.FM] 

'ntta**s*Cratral. 
Chleaan A North 
j A Mlnns.SU.. ..WliTilTli Central Co. 

i Ball way Choctaw Oklahoma A Gulf. 

tlUmore Baltimore A Ohio South western. 

. Bt Loots A Chicago. Cleveland Cm. Chw. A Bt. LOOM. 



AOiioa>....PItUb-rK(-1netuatlChlrairoAHt.L. 
* CtoTMaad.. Cleveland Cto. nil*. A M. Lonl*. 



ew Orleans A Tex Pac. 

Cleveland CUn. Chic. A Bt. Louis. 
.Cleveland Cte. Chle. A St Loals. 
BalUmor. A Ohio Southwestern. 
Pennsylvania A Northwestern. 

nmmmllml flV^smmT 

Cleveland Canton A Southern. 
Cleveland CU. Chic. A St Louis. 

Union Paelflc Denver A Onlf. 

Southern Railway. 

International A Great Northern. 

Norfolk A Western. 

i A Hocking Valley Columbus Hooking Valley A Toledo. 

i A Indianapolis Central.. . Plttah. CtaataaetTChlc. A St Loom, 
i Lima A Milwaukee Ohio Southern. 

l A Hocking..... Columbus Sandusky A Hocking. 
' A Alabama. 

Valley A Toledo. 




Central of <(. Ry. 
.Concord 



._ A Montreal. 

(. Kansas City Suburban Belt 
Tenaont ...Central of Vermont 

A Antrim Fall Brook. 

lABoathern Cleveland Canton A Southern 

. . l .-.:... ... Kentucky Cent.-Iulsv11le A Nash 

.KMSMeCtty Fort Scott A ' 



f2oS_ 

IS 



Central Chicago* North Western. 

A Gnat Southern Chicago Milwaukee A St Paul. 

A Warn Missouri Kansas A Texas. 

A Norwalk New York New Haven A Hartford. 



NAME. WILL BK FOUND CKDBK 

Danville A Grape Creek Chliwo A East lUlnolu. 

De Bardeleben Coal * Iron Tennensee Coal A Iron (Mlsoel.) 

Delano Land Lehlgh Valley. 

Denver Pacific Union Pacific. 

Denver A Rio Grande Weatern Rio Grande Western. 

Denver Texas A Fort Worth Union Pacific Denver A Gulf. 

Denver Texaa A Gulf Union Pacific Denver* Gulf. 

Dea Molne* A Minnesota Chicago <& North Western. 

Detroit A Bav City Michigan Central. 

Detroit Bay City A Alpena Detroit ft Maoklnao. 

Detroit Lansing A Northern Detroit Grand Rapids & Western. 

Detroit Maoklnao A Mitrquette See MUeellaneou Companies. 

Detroit Monroe A Toledo i>ae Shore A Michigan Southern. 

Distilling A Cattle Feeding American Spirits Manufacturing. 

Duck River Nashville Chattanooga A St. Louis. 

Duluth A Manitoba Northern Pacific. 

Duluth Short Line St. Paul A Duluth. 

Duluth A Winnipeg Duluth Superior & Western. 

Dutches* County Phlla. Reading A New England. 

Bast Line A Red River Missouri Kansas A Texas. 

East River Gas New York A East River Gas. 

East Tenn. Va. A Oa Southern Railway. 

Eastern of Massachusetts Boxton A Maine. 

Eastern of Minnesota. Great Northern. 

Easton A Amboy Lohlgh Valley. 

Easton A Northern Lehigh Valley. 

KUsabethtown Lexlng. A Big Sandy. Chesapeake A Ohio. 

Klmlra State Line Tloga RR. 

Erie A Kalamaaoo Lake Shore A Michigan Southern. 

Eaeanaba A Lake Superior Chicago A North Western. 

European A North American Maine Central. 

Kvaasvllle A Crawfordsvule Evansville A Terre Haute. 

Evans vllle Henderson A Nashville. . Louisville A Nashville. 
Bvansvllle Bockford A Eastern Louisville Evansv. A St. L. Conso 

ranroA Southern _ Chicago Milwaukee A St. PaoL 

Florida Southern .W. Savannah Florida A Western. 

Fort Smith A Van Buren Bridge.... St. Louis A Han Kratclsoo. 

Franklin A Ptttaylvanta Southern Railway. 

Fremont Elkhorn A Mtseourt Val. .Chicago A North Western. 

Ceorgia Midland A Onlf Georgia Midland Ry. 

Georgia Pacific s..i,tl,,-rn Railway. 

Grand Rapid* Newaygo A L. Shore.Chlcago A West Michigan. 

Grand River Valley.... Michigan Central. 

Green Bay Winona A St. Paul Green Bay A Western. 

OrMsriUldA Northern Kansas City Ft. Soott A Memphis. 

Oreaawood AnAareosi * Western. . . Carolina Midland 



Blver A Portahester New York New Haven A Hartford. 

.1* Dakota Chicago Milwaukee A St. Paul 

HesmuTA Bed Mountain Northern Paelflc. 

mrHiii Maine Central. 

HoUy WarneA Monroe Flint A Pere Marqnette. 

nnilllislri New York New Haven A Hartford. 

HanUnbvrc Tall City ACaanellton lxtulv. Evansv. A St. Louis Conaol. 
Huttactoa A Big Bandy Ohio River. 



l :.-.. A -;.. . ....... Ixmlsvllle Evansv. A 8t L. OonsoL 

Indiana Block Coal .................. Chicago A Eastern Illinois. 

Indiana BloomingiAu A Western Peorta A Eastern 

Indiana A Illinois Southern ......... St. Louis I ndlanarpolls A Eastern. 

Indianapolis Cln. A Lafayette ....... Cleveland Cln. Chic. A St. Louis. 

IndtaaapoUs A St. Louis ............. neveland Cln. Chic, A St Louis. 

Ionia A Lansing ..................... Detroit Grand Rapids A Western. 

low. A Dakota ...................... Chicago Milwaukee A St Paul. 

Iowa Fall. A Hlouf City ............. Dubuque A Sioux City. 

Iowa Midland... ...Chicago A North Western. 

lowaAMlnassota ............. Chicago Milwaukee ASt. Paul. 

Michigan Central. 
Blv ... Florida East Coast. 
St. Louis.. .Jacksonville A St. Louis. 
Jacksonville A St. Louis. 
. .................. Northern Pacific. 

A Franklin ......... Lke Shore A Michigan Southern. 

Jashnon Madiera A Indianapolis. . PltUburg Cincinnati Chlo. A St. L. 
ollet A Chicago ..................... Chicago A Alton. 

OMttM A Breakwater ...... Delaware Maryland A Virginia. 

can A Or. Rapids. . Lake Shore A Michigan Southern. 




ASagtnaw 
. ATndian 

Louis v. A St. 

Southeastern 



St. Aug. 
' Louis v. 



Kalaauaoo 




A South Haven Michigan Central. 

A White Pigeon Lake Shore 4 Michigan Southern. 

A Arkansas Valley Missouri Pao. (St L.T. Mt A So.) 

City Bridge A Terminal Kansas City A Atlantic. 

Kansas City FortScott A Onlf Kansas City Fort Scott A Memphis. 

City A Indep. Air Line Kansas City Suburban Belt 

City A Memphis Ry. Bridge. Kansas City Fort Scott A Memphis. 

City A Pacific Missouri Kansas A Texas. 

City Bt Louis A Chicago.... Chicago A Alton 

Kansas City Southeastern A Memp: Kansas City Fort Scott A Memphis. 

City A Southwestern Bt Louis A San Francisco. 

City Springfield A Memnhls.Kansas City Fort Scott A Memphis. 

City Terminal Con.tr. Co. ..Kansas City PltUburg A Gulf. 

City Topeka A Western Atchlson Topeka A Santa Fe, 

City Wyaodotte A N'th'Wn.Kansa City Northwestern. 

A Missouri Kansas City Fort Boott A Memphis. 

_ Pndno Union Pacific. 

Ketthsborg Bridge Iowa Central. 

KanUiky Central Louisville * Nashville. 

Kentucky Union Lexington A Eastern. 

Knox A Lincoln Maine Central. 

Lacka wanna A Southwestern. Central N. T. A Western. 

Lacks wanna A Susquehanna Delaware A Hudson. 

PltUburg You n g. to wn A Ashtabula. 

Lehlgh A New York Ix-hUh Vii: 

Lehlgh A Stisouehanna Lehlgh Coal A Navigation (Mlsoel.) 

Lemlngtnn A Bt flair Canada Southern. 

UrwfACai 
Lexington A 
Lincoln A Northwestern V.7. ........ -Chicago Burlington A 'qulncy. 

Lincoln Park A Charlotte Buffalo Rochester A PltUburg 

Little Bock Junction Missouri Pacific. 

Little Rock * Fort Smith Missouri I'n.-iii,- 

Long Branch A Sea Shore Central New Jersey. 

Long Dock Company. Erie RR. 

Long Inland <'lty A Flushing Long Inland. 

Louisiana A Missouri River Chicago * Alton. 

i onl.rtlle Cincinnati A Lexington.. Loulsvllln * Naohvlll*. 

Loul.vllle A Frankfort Louisville A Nashv. L. C. A Lex. 

Loul.vllle New Orlean. A Texas.... Illinois Central (Yacoo A M. V.) 

Louisville Ml. I/. in. A Texas Louisville Henderson A St Louis. 

Lonlnvllle Southern Southern Railway. 

Lowell A Lawrence Boston A Lowell. 



Caney Valley Missouri Paclfir. 

on* Frankfort Louisville A NashVIe <L. C. A Lex.) 



INDEX 



[VOL. LXIV. 





WIU. M FOCTO UKDBB- 
. Georgia RR. A Banking Co. 
.Lake Shore * Michigan 80. System. 
...flt Lawrence A Adirondack. 
CoJunlUon Canadian Pacific. 

" 



'A ntonnfon.. 



IHihith South Shore A Atlantic. 
BalUmore A Lehlgh. 



arm . ...- ..... 

... Connecticut A Passumpsle. 

nirton . ... Kentucky (Vntral.-Louls. A Nash. 

' '- . 




. 1-ittnn.McKersport AYoughlogheny, 

: .iiiixMlle -V X:ihvillf. 

Kansas City Memphis A BtrmtBrm 
Kansas City Fort Scott A Memphis, 



WILL BB FOUKD UNDER 

Ravenswood Spencer * OlenviUe..Ohlo River. . 
Republican Valley ................... Chicago Burlington A < ilncy 

............ Kansas City Ft. Scott A Mem. 

Richmond A'Daiivllle ................ Southern Railway. 



. I . . 8t Louis Merch'U' Bridge Ter. RR. 
Chicago A North Western. 
Manhattan Elevated. 



. 

Chicago and Southeastern. 

New Vork Susquehanna A Western 



of Hew Jersey 
Suwisukee Lake Snore A^Weitern^.Chioago A North Western 

Milwaukee A Madison Chicago A North \\estern. 

Milwaukee A Northern Chicago Milwaukee A St Paul. 

Minneapolis A I nilnth Minneapolis A St Louis. at. i-aui tasrern wrauu iruu* i/ui*u .* .-.MH 

DuMpollsA |Pac"lc "- Mlnneap. St P. A Saul -te. Marie , Paul Mlnneal)0 li8 A Manitoba... Great Northern. 
" ' \' ' N| ' ' ' - ! --" " :l " ,, ,..,! , v |. ;l ,.jt u . (ireat Northern. 



Saglnaw A Western .................. Detroit Grand Rapids A Western. 

St. 'To'wph'A WMternV.".'."".'.".".'.:i;".8t. a Jotei>h * Grand Maid. 
St Lawrence A Ottawa .............. Canadian Pacific. 

St Louis Alton A Springfield ....... St. Louis Chicago & St. Paal. 

St. Louis Alton A Terre Haute ..... Illinois Central bystern. 

2 , , Arkansas 4 Texas ......... St. Louis Southwestern. 

g JJ gjf,^ 1 A Tlmne l ........... Terminal Association of St. LoulB. 

St Louis A Chicago .................. St. Louis Peoria A Northern. 

St. Louis Council Bluffs A Omaha... Wabash. 

St. Louis A Eastern ................. St. Louis Peoria & Northern. 

St. Louis Iron Mount'n & Southern-Missouri Pacific System. 

St. Louis Jacksonville & Chicago Chicago & Alton. 

St. Louis Kansas City & Northern... Wabash. 

St. Louis Keokuk A 8. W ............ Chicago Burlington A Qulncy. 

St. Louis Salem A Arkansas ......... St. Louis A San Francisco 

Ht Louis Southern ................... Illinois Central System. 

St. Louis Wichita A Western ........ St. Louis <& San Francisco. 

"8t Paul" ........................ Chicago Milwaukee & St. Paul. 

St. Paul Eastern Grand Trunk ...... Chicago A North Western. 



....Great Northern. 

Western .'.".' ........ .Great Xort hern. 

,. , . ..Chicago Milwaukee A St Paul. 

A Northwestern Chicago Great Western. 

Bt Crolx A Wisconsin.. .Wisconsin Central Company. 

_ Valley. Chicago A North Western. 

Oemtsqnol Valley Central Vermont 

Mississippi River Bridge Chicago A Alton. 

iriksjuaa A Eastern Missouri Kansas A Texas. 

Missouri Valley A Blair RR. Bridge. Chicago A North Western. 

Missouri A Western. Ht Louis A San Francisco 

Mobile A Olrard Central of Georgia Ry. 

-Motion Route" Louisville New Albany A Chicago. 

Montana Central... Great Northern. 

Mont.uk Extension RR. I-ong Island RR, 

Montgomery A Eufaula. Central of Georgia Ry. 

Montreal Portland A Boston Central Vermont. 

Morris Canal Lehlgh Valley RR. 

Mnskeron Grand Rapids A Indiana-Grand Rapids A Indiana. 
Kantasket Beach RK. New York New Haven & Hartford 

Nashua A Lowell Boston A Lowell. 

Hashua A Rochester Worcester Nashua A Rochester. 

Rational Cordage Standard Rone A Twine. 

Hebraska Chicago Burlington A Qulncy. 

Hew Albany Brit A Terminal Kentucky A Indiana Bridge. 

New Brunswick Canadian Paclflc. 

Rewbnrg A New York Erie RR. 

Hew Haven A Derby New York New Haven A Hartford. 

Hew Jersey Midland New York Susqiiehanna A Western. 

Hew Jersey Southern Central of New Jersey. 

Hew Orleans A Gulf New Orleans A Southern. 

Hew Orleans Mobile A Texas Louis. A Nash. (N. O. A Mobile Dlv.) 

Hew Orleans Pacific Texas A Pacific. 

Newport* Rlchford Connecticut A Passumpsic. 

Newtown A Flushing Long Island. 

New York Bay Extension Long Island. 

New York Elevated Manhattan Elevated. 

New York A Erie Erie RR. 

Hew York Lake Erie A Western Erie RR. 

New York A Long Branch Central of New Jersey. 

Hew York A Manhattan Beach N. Y. Brooklyn A Manhat Beach. 

Hew York A New England New England RR. 

Hew York A Northern New York A Putnam. 

New York Pennsylvania A Ohio .. Nypano RR. 

Hew York Providence A Boston New York New Haven A Hartford. 

Hew York A Oswego Midland New York Ontario A Western. 

Hew York A Rockaway Long Island. 

Nodaway Valley Kan. City St. Jos. A Council Bluffs. 

Norfolk Albemarle A Atlantic Norfolk Va. Beach A Southern. 

Norfolk A Petersburg Norfolk A Western. 

Norfolk Southern Norfolk A Southern. 

northern Illinois Chicago A North Western. 

Horth Missouri Wabash. 

Horth Shore Canadian Paclflc. 

North Wisconsin Clilc. St. Paul Minn. A Oniaha. 

northern Paclflc A Manitoba Ter... Northern Pacific. 

Northern Pacific A Montana Northern Paclflc. 

northwestern Grand Trunk Chicago A Grand Trunk. 

northwestern Union. Chicago A North Western. 

Horthwest Virginia Baltimore A Ohio. 

Steamship Central of Georgia Ry. 

snurg Transit Ogdensburg A Lake Champlain. 

Central Toledo A Ohio Central. 

Indiana A Western Peoria A Eastern. 

Land A Ry. Co Columbus Hocking Val. A Toledo. 

A Mississippi Baltimore A Ohio Southwestern. 

A West Virginia Col. Hooking Valley A Toledo. 

-" > Aqnebec Canadian Paclflc. 

Pacific, Oregon Central A Eastern. 

Short Line Oregon Hhort Line A Utah Northern. 

'ego A Rome Rome Watertown A Ogdensburg. 

Ottawa Oswego A Fox River Chicago BurlingtonADotnoy. 

Ottnmwa Cedar Falls A St Paul .... Chicago A North Western. 

aclHc Coast Oregon Improvement Co. 

tMM* Short Line Sioux City O'Neill A Western. 

Pawtiixrt Valley N. Y. New Haven A Hartford. 

snliiMilar (Mlch> Chicago A North Western. 

onsTlvanla A N. Y. Canal Lehlgh Valley. 

*saa.Potujhkeepsle A Boston l.chu-b A New England. 

'cot Shore Line. Maine Central. 

nola A Atlantic Louisville A Nashville. 

Inlphla Marlton A Mnlford.. .Camdeii A Atlantic. 

Philadelphia * Heading Reading Company. 

Ptttsburg Akron A Wwtrrn Northern Ohio. 

PUUtmr* Cincinnati A Ht Louis.... Pitts. Clnn. Chle. A St Lonls. 

ttuburg A < i>nnellvllle. Baltimore A ( )hli>. 

PlttKbnrg. Hlieiisngo A Lake Erie... I'll tsburg Bessemer A Lake Erie 
PltUrtrM A North Adams Boston A Albany. 

5****" 1 J"" S *} 8oto Kansas City Clinton A Springfield. 

Plymouth A Mlddlrborn Old Colony RR 

Port Huron A Northwestern Hint A Pere Marquette. 

Portland A kennrlw Maine Central. 

Portland A Ogdensburg Maine Central. 

Port Koyal A Western Carolina' ' \ Charleston A Western Carolina. 
Parumouth dreat Falls A Conway Boston A Maine. 

Postal Telegraph Cable Commercial Cable. 

Prairie du rhkin Chicago Milwaukee A 8t Paul. 

Qolocy Alton A Bt I ! Chicago Burlington A Qulnoy. 



St Paul A Sioux City Chic. St Paul Minn. A Omaha. 

St. Paul Stillwater A T. F Chlo. St Paul Minn. A Omaha. 

Sanford A Lake Eustis Jacksonville Tampa A Key West 

! Sault St Marie A Southwestern Chlo. St. Paul Minneap. A Omaha. 

Savannah Anierlcus A Montgomery.Georgla A Alabama. 
; Savannah A Atlantic Central of Georgia. 

Savannah Albany A Gulf Savannah Florida A Western. 

Savannah A Charleston. Charleston A Savannah. 

SavRnnali A Western Central of Georgia Ry. 

Schu' Ikill River East Side Baltimore A Ohio. 

Sciotb Valley A New England Norfolk A Western. 

Seaboard Air Line Seaboard A Roanoke. 

Seattle A International Seattle Lake Shore & Eastern. 

Seattle A Northern Oregon Improvement. 

Sheuandoah Valley Norfolk A Western. 

Sherman Denlson A Dallas Missouri Kansas A Texas. 

Sherman Shreveport A Southern... Missouri Kansas A Texas. 

Shore Line N. Y. New Haven A Hartford. 

Short Creek A Joplin Kansas City Fort Scott A Memphl*. 

Sioux City A Paclflc Chicago A North Western. 

Sioux City A St. Paul See Miscellaneous Companies. 

Smithtown A Port Jefferson Long Island. 

Sodus Bay A Southern Elmira A Lake Ontario. 

South Carolina South Carolina A Georgia. 

South Florida Savannah Florida & Western. 

South Georgia A Florida. Savannah Florida A Western 

South Side (Va.) Norfolk A Western. 

Southeastern A St Louis Louisville A Nashville. 

Southern Central Lehigh Valley. 

Southern Georgia A Florida Savannah Florida A Western. 

Southern Minnesota Chicago Milwaukee A St. Paul. 

Southern Pacific Branch Southern Pacific of California. 

Southern Pennsylvania Cumberland Valley. 

Spartanburg Union & Columbia. ..Asheville A Spartanburg. 
! Spokane A Palouse Northern Pacific. 

Steubenville A Indiana Pittsburg Cinn. Chic. A St. Louta. 

Stockton A Copperopolis Southern Pacific of California. 

Sturgis Goshen A St. Louis Lake Shore & Michigan Souther*. 

Sugar Trust American Sugar Refining. 

1 Sunbury A Erie Philadelphia A Erie. 

Superior Short Line Chicago St. Paul Minn. A Omaha. 

Syracuse Northern Rome Watertown A Ogdensburg. 

I Syracuse Ontario A New York West Shore. 

Taylor's Falls A Lake Superior St. Paul A Duluth. 

TarkloVallev Kan. City St. Jos. A Council Bluffs. 

Tebo A Neosho Missouri Kansas A Texas. 

Tennessee Midland Paducah Tennessee A Alabama. 

Terre Haute A Southeastern Evansvllle A Indianapolis. 

Texarkana A Ft Smith Kansas City Pittsburg A Gulf. 

Texas Mexican Mexican National. 

Tmirber-Whyland American Grocery Co. (Mlscel.). 

Toledo Ann Arbor A No. Michigan .Ann Arbor Railway. 

Toledo Belt Wheeling A Lake Erie. 

Toledo Cincinnati A St. Louis Toledo St Louis & Kansas City. 

Toledo Columbus A Cincinnati Toledo A Ohio Central. 

Toronto Grey A Bruce Canadian Pacific. 

Troy A Boston Fitchburg. 

Tunnel Railroad of St. Lonls Terminal Ass'n of St Louis. 

Union Northern Central. 

Union Railway of Chattanooga Belt Ry. (of Chattanooga.) 

Union A Logansport Pittsburg Cincin. Chicago A St L, 

Union Steamboat Line Erie RR. 

Union Ter. Ry. of Kansas City, Kan. Kansas City Suburban Belt. 

United States Cordage Standard Rope A Twine. 

Upper Coos Maine Central. 

Utah A Northern Oregon Short Line A Utah North'n. 

Utah Southern Oregon Short LineA Utah North'n. 

Utlca A Black River Rome Watertown A Ogdensburg. 

Valley Ry. of Ohio .*.. ..Cleveland Terminal & Valley. 

Venice A Carondelet Louisville Evansvllle A St. Lonls. 

Verdigris Val. Independ'oe A West.. Missouri Pacific. 

Vlckshurg A Meridian Alabama A Vieksburg. 

Virginia A Tennessee Norfolk A Western. 

Waco A Northwestern Houston A Texas Central. 

Ware Boston A Albany. 

Warren A Vonango Dunkirk Allegheny & Pittsburg. 

Warwick Valley Lehigh A Hudson River. 

Washington City A Point Lookout.Baltlmore A Ohio. 

Washington Ohio A Western Southern Ry. 

Waynesburg A Canton Cleveland Canton A Southern. 

\\ allston A Jackson Belt Columbus Hocking Valley A Toledo. 

Western A Atlantic Nashville Chattanooga A St. Louis. 

Western Minnesota St Paul A Northern Paclflc. 

western North Carolina Southern Railway 

Western Paclflc Central Pacific. 

West Jersey West Jersey A Senshore. 

West Jersey A Atlantic West Jersey A Seashore. 

West Wisconsin chic. St Paul Minneap.* Omaha. 

WUkesbarre A Eastern N. Y. Susquehanna A Western. 

Mllmar A Sioux Falls Great Northern. 

Vllmlngton A Conway Wilmington Columbia A Augusta. 

W Inona A St. Peter Chicago A North Western. 

Wlsoonsjn A Minnesota Wisconsin Central Company. 

W isconsln Minnesota A Pacific Minneapolis A St. Louis. 

Wisconsin Valley Chicago Milwaukee & St Paul. 

Vork APeaeh Bottom Baltimore A Lehigh. 

Eanesville Terminal Columbus Sandusky A Hocking 



STOCK AND BOND TABLES. 



NOTES. 

Theee table* are expreetly Intended to be used In connection with the Information concerning Investment matters published from week 
to week In the CHBOJOCLB. Frequent reference* are therefore made in the text to the page and volume, where fuller Information may be 
found, ami following each company** statement U given a reference to the latest Item in the CHRONICLE regarding the company. As every 
item In the CUBOMCLE contains a reference to the last preceding Item, the reader can run back over the company's history at pleasure. 
Annual report* are In black-faced figures, and italic* Indicate that the Information Is contained In a paragraph headed by the name of some 



Any company In this SCPFLBHEUT not in its regular alphabetical order may be found by means of the Index to roads leased and consolidated. 

The "MmAttntt" appearing in the text are those which have actually been paid during the calendar years named, irrespective of when 
they may have been tamtd: hence they often differ from the dividends reported with the earnings for the same years respectively. 

By "net toning*" a* used in this SUPPLEMENT Is meant the earning* remaining after deducting operating expenses, but not interest en 
debt, rental* or other fixed charges. Borne companies report net earning* before and some after deducting taxes. 

Abbreviations used are : M. for " mortgage; * gen. M. for " general mortgage; " con. M . or eonsoL M. for " consolidated mortgage; " Inc. If. 
for "Income mortgage;" g. for "gold;" guar. for "guaranteed;" guar. p. 4 1. for "guaranteed principal and interest;" cum. for 
" eommlaUve ; * BOB enin for " non-cumulative ; " conv. for " convertible ; " pref. for " preferred ; " s. f. for " sinking fund ; " 1. gr. for " land 
grant ; " r. for " registered ; " e. for " coupon ; " e.* for " coupon but may be registered a* to principal ; " o. 4 r. for " coupon and registered ; " 
br. for " branch : " end. for " endorsed ; " " red." for redeemable, meaning subject to call before maturity (so " red. at 100 " means subject to 
call at par); "d'rn" or "drawn" for subject to call for the sinking fond from tia>e to time when drawn by lot; "p. m." for "per mile," 
thus 915,000 p. m. means IS.OOO per mile. 

HiUi / gout. Opposite bond*, thl* means the mile* of road owned covered by the mortgage. 
Size mr Par roJu*. Show* (la dollars nrnle** otherwise marked) , the denominations or par value. " 100, Ac.," signifying $100 and larger. 



I Ptr Oent.TH Interest ptr annum I* given for bond*, and the ditidmtl* ptr annum for stocks ; g. means gold; x, extra ; s. stock or scrip ; 

per an. m*ns per annum, so per an. (M. A N.; means 6 per cent yearly, payable 3 per cent In May and 3 per oent in November. 
Wken fmyutU.-J. A J. stand* for January and July ; F. A A.. February and Aug-ist ; M. A 8.. March and September : A. * O., April and October ; 
M. A X.. May and MOT.; J. A O., June and Dee.; <J. J., quarterly from Jan.; <J. F., quarterly from Feb.; O, M., quarterly from March. 
t. fitmt(*>fl if ken O*M. **. Thai eol umn snow* the data when the bond* mature and the la*t dividend paid on ttoeki. 

<iab*4-rl*>er> will ronlVr a gnmt favor by (I vine Immediate notice of any error dUrovered la the** Table*. 



KA II.):' ' U>- 




OR DIVIDENDS. 



ate perl When Where Payable, and by 
Cent Payable whom. 



Bond* Princi- 
pal, When Due. 

-- 



Dividend. 



00,000 

_>,.,.. MM. 
1,000,000 



A J. 

* D. 

* D. 



-. N 



Pret teek. p. et.. aea ; no voting power . 
1** Mart., goar. pJrt. o4. Bev. Fie. * W.. (old..* 
l*t M.. Bpregoe to La vre 15.OOO p. mi gold, e* 
. Tn.4Ft.Jut.-l*itrTnA" 



"A"debwi.. red-aft. 



hare*. 

Left. Wo vX' 10. at 1 13 fleetest e 



p. e. cumulative. 
*t 115 So 
red. an** 1010 at 1 15. e 



ettoeallany Umeat 100 
by 4S4.103 " C " deb.) . . . . 



Mov. lMM.tjofcL.Mbj. to oall till 1897 



171 



141 

143 



l*M 

!-, 



1800 
1800 
1800 



1.750.000 
526.000 
134.000 



.. |..T .111 



t 
100 

91.000 
1,000 

*10 
10 

l-..i .'..- 

420 Ae. 
M M 



K :.:.... 
3.035.OOO 
1.000^00 
2,800,000 
500,000 
12.500.000 
1.500.000 
718.850 



A N. 

A J. 
D. 

A 



D. 



100 

: .. 



A28.404 
700,000 
1,000,000 



I' 


I, m M 

r. A j 










5"g. 
( 


M.' A 1 
J. A 1 






5"g. 

! "' 


M. A 1 

M. A i 
A. A < 






g. 


A. A ( 



Bslt.,Mer.Tr.* Dep.Oo. 

New York. 40 B'way. 

Dec.,'94, coup. last paid. 

N.Y.Of.,21 CortlandtHt 

Ix>ndon. 

do 

N. Y.,Farm.L.ATr.A Bo* 

London, Olyn Mill*. 

do do 

do do 



Jan., 1910 

Deo. 1, 1932 

Deo. 1, 1932 

Mar. 1, IMS 

Dee,, 1-:'- 

See text. 

Jan. 1, 1908 

Deo. 1, 1927 

Aug. 15. 1900 

By sluk'K fund 



N.Y..Met'polltan Tr.Oo. 



Bee remark*. 
Be* remark*. 
Bee remark*. 



Nov. 1, 1928 
Deo. 1, 1929 



Nov.1.1910-40 
Nov.1,1910-40 
Nov. 1, 1940 



New 
N. V 



Orlean*, Office. 

. i Vntnil Tru-t '.. 



Nov., '92, 3 
Apr. 1, ' 



AddUo 
York, to 



Prnn.rlTanla By. Own* road AddUon. New 
f* . 41 mile*; lee* Gala** to Uelatoa, Pa.. 5 m. 
in IBM. BTOCK aatkorUed-Ceaimoa. 0OO.OOO; pre- 
-ing Sent. 30. 1806-Oommon. 
aad bul* i>ayable, 256.670. 




bead, carry the endoned gnaraetf elf 

prlaoi pel and Intercut; the ! .000.000 t> 

extoaatoas al 030.000 per mil* of eompl 

Oa. IB year 

ether laesaii 

IB 189i 95. g_ 

106.285: act. 30.X44.-i 




OWM W 



1: aet.a0l.l02. 
59, p. 374. 1102.) 

He* lit 



N. Y.. 57 
.1. Stock 
; par. 100. The 
Delaware A Hudson as to 
may be *old for 
MM. U. rt. Trn*t 
190.244: net, *.; 
orplu*. *M.00. 
U 1803-Oi. gKM*. 



epented. 
Ry. of Ch 



ouili'-rii HK. '> JTo> JtowUUrn Railway.) 
to Mrtdiao. MKB., too mile*; branrh line* 
WsaiMefcte to Oatteanoge.. 5 mile*: Belt 
49 BUM. Traokag* to BtoektoaVala.. 8 mile*. 
OM mz vnox. -Controlled by Soathcrn Railway, but operated a* an 
lll|*a<llt property. Bee V. 01. p. 375. In May, 1895, the Southern 
By. O. aad the OlaoTatl Hamlltoo A Dayton made an a<reement a* 
i A Craaoeat route. See V. 60. p. 20. The 
Hy. LimtUd own* all of th tok. general 
tore* of the Ala. Great <k>. RR. and nai 



l*h*m Oreat Soathern 



MMU ptnee MUMBf It* own *toek. bowl* and debeatare* re*pee- 
relr for a like anoaat tne Bwrlfcib and American oompanle* own 
lolntly 1 .000.000 OtB*a*tl N. O. A T*XM PaaUto rtook. In 1800 th* 
Sill ay 



TOOK. -Of tkeoapttal u>ck of the English Company the Southern 
Railway Company la July. 1405, porohaMd A\34S,OOO "A" *hare* aid 
4000,000 "a*******. V. 01. p. 4T Of the preferred *hare* (EngUah 
Company) authorUed al23.930 were nnlawed June 30. 1805. A* to 
application of Bet ptwflt* *e* BorruuHVT of March. 1804. 

IB 1880, per oent; In 1800. 



0: In 1901, p. e.; la 1802,0; la 1803. BOM; In 1804. Bone; In 1195, 6. 
. WM paid la 1891 ; 1802, Deeember, l>*p. 



OB 



l 1*0.0. 



Bome.-Of the general mortgage nnlwted 484,OOO Is In trust to 
' lt mortgage bead* and debenture* at maturity. 



LATB*T K*jum>oe-a mo*., 186...aroM, 004.245; net.* 

July 1 to Nov. 30. Ut05...0ro**, 778,086; net, 301. -j U 

Airwuti. R*ror.- Report fnr rear ending June 3O, 1894. wasln T. 
3. p. 000. (bowing groe*. 1.634.O93: net, 500.792; lnterent on 
bead*. 205.4.: laeometax. et. 17.018: balance for tock. 9224,- 
30. la nui-'.r.. crow. 1^28.407; net. 4OO,.7J ; balance for itook, 
KIM A dlvld*Bd (Ontelaoe 1802) of 8 p. c. on i.rvf. " A ' -.took 
wasjMld la Deeember, 1805, amounting to 100,571. -(V. ill. p. 
M. Of.ftOO, 010. I I ii i ; .<). 600.1 

Al.h.m. nidland Ry.WJta* Map *J. Florida Wetlj-Owat 
BalaMMce, Oa.,tn Montomery. Ala., 175 miles; branch, Hpragne 



Junction to Loverne. 83 miles: total owned. 2os miles. Operate* Abbe- 
ville Southern. Abbeville Junction to Abbeville. 27 mile*; completed 
Nov., 1893. Interest on the lit mort. doe 1928 ha* been reduced from 
6 to 5 p. e. and bond* stamped principal and Interest guaranteed In 
gold by the Bav. Florida A west. No arrangement was made with 
Ike breach line bond*, mostly held by the Plant Investment Co.. which 
control* the Alabama Midland stock. Current account* pay able June 



EABVO. i month*. (1806 Oro*, 217,229; net, $34.829 

July 1 to Oct. 31. (1895 Urou, 210,967; net, 36,065 

For rear ending June 30. 1896. grou. 624.182; net. 91.729. In 

!.-,, k -r..... . M-,. : , :. .... ..-i.-.n I i 1- u .1. .T .... rM7.:.-.r,. 

Plant Investment Co. own* 2,425,000 common and 

1.2OO.OOO pref. stock. V. 59, p. 1057. 1102. 

%labaa*a *ew Orleans Txu * Parllir Junction Co. 
( Mail! e. r-Thl* I* an EngUah company oontroUlngAlabama A Vlok*- 
nurg. 143 mile*; VioksburgBhrevepon A Paolflo, 189 mile*; New 



.iov. i, iwiu, at 119. uoupon 
Ing Kay, 1896. all In full. Oi 
In 1802. 2> p. o.; In 1803, n 
1806; tor 1395, 1 p. c., paid M 



Orlean* A Nogn , 

Bone. The "A" and "B" debentures are subject to call after 
Nov. I. 1010, at 115. Coupon* paid: On A debentures to and Inolud- 
On Bdebentures : In 1891 2>* pnr oent; 
none; for 1894, 0-875 p. o. paid Mar. 1, 
Mar. 2. 1890. 

BaotmmB* OWXKD. Ala. A Vlokaborg 30.0OO 1st mort., 141, 100 
ooaeol*, 3^7,700 2d mort. Income* and 387.7OO stock; Vloksb. Bhreve- 
port A I'aclflo. 3.602.000 1st mortgage, 1.361.OOO 3d morteage. 
404300 4 p. e. Inoome* and 1.504.OOO stock ; New Orleans A North 
ftlMlia. 4.000,000 1st mortgage and 4.32O.OOO stock ; Cincinnati 
Southern. S82.OOO stock ; overdue coupon*. X. O. A N. E. and V. 9. A 
Pae. to Dee. 31. 1805, 923,U7. 



separate statement for each of the controlled oom- 
paalee. For 12 month* ending Deo. 31, 1895, net receipt* from invent- 



were A.M.3.1U: paid general expenses (43,M3!>). Inoome tax 
i. : . 1 7 1,. Interest on A" debentures (36.194), Ao., balance * 10,196, 
Including 341 surplus of previous year. 

Alabama*: Vlrk.bure Ry._ Own* Vlcksbnrg to Meridian. Miss. 
and hranrh. 143 miles, all steel rails. Controlled by Alabama New 
Orleans Texas A Paolflo Junction Co. which see. ReorganUation of 
the Vleksburg A Meridian foreclosed Feb. 4, 1889 (see V.48, p. 19O). 
DnriDBsns. Nov., 1890, to Nov., 1892, 3 p. c. yearly ; none since. 
BOKO*. The new seconds were Income till April 1, 1894, and are a 
first lien on the land* 02,000 acres. Trustees, Central Trust Co. O f 
the 1.8OO.OOO consols authorized. l.OOO.OOOare with trustee to retire 
T. AIL flmu. Vlckn. A Meridian bonds assenting to reorganization 
plan of 1889 are subject to call till 1897 ; a few did not axteiit. 

Ex!no.-Calend*r year 1890, gross. OIH.853; In 1895. $->S8.9 13. 
Report for fiscal year ending June 30. 1896, was In V. 63, p. 555, 650, 
showing results as follow*. Taxes are Included IB operating expense*: 
Ornu. Other inf. Inlrrnt. etc. Bal. tur 

.T75.072 IHO.9.VJ ...... m.Sll SS.U 

55.~s.677 i-"i.;7-J -'.i- 124,260 S,90 

1.-I.H7 159 129,346 1,23 

(V. 59, p. 736: V. 61, p. 514; V. 63, p. 5C5, 65O.) 



1805-06. 



SUPPLEMENT. 



[VOL. LX1V. 



will eomtor * IfcTor 



: immediate no.lre of any error discovered In these Tables. 



RAtLBOAM. 



MIlC* 
Of 

Road. 



8 



TSSTtor $18.000,000, 3 per cent cum 
Easfn Kit., guar. Penn. RB. .0 
1. yearly. ' 



1889 




*&**&** 

Stock, pref erred, .1 . 

OMeMo * 8L Louis 

f Toba Increased 

A- \ rWWMl Ml 



5 p. e.. non-cumulative... ..... 

l*l.t M.<$10,000per mile) . 
d to $107,891, 40$ to acquit e 



Date 

of 
Bonds 



143 
143 

142 

142 

12 

259 
259 
259 
259 
259 



141 



Bice, or 

Par 
Value. 



1889 
1889 

1865 
1876 

1890 



1870 

1S70 
1892 



(lOOAo. 

10(1 A-f. 

100 

1,000 

l.ooo 
100 

1,000 

50 
50 



1883 

1X91 
1 S'.l.i 

1880 
1879 
1879 



1885 



Amount 
Outstanding 



100.000 

1,000 



1,1X10 

100 

100 

1,000 

SHORT 

100 

1,000 

1,000 

1,000 

i'.bbo 

1,000 
100 



1,000 



9588.800 

662,000 

3,500,000 

250,000 

10,000,000 

600,000 

485,000 

10,544.200 

16,477,650 

9,998,000 

1,200,000 

5,391,000 

1,268.885 

45O.OOO 

3,250,000 

4,000,000 

7,000,000 

LINE. 

3;>8.000 

240,000 

133,000 

1.000,000 

244,000 

4,070,OOO 

54'2,OOO 

102,000,000 

U98.691.400 

1,500,000 



6g A7 

j 1>,T nil. 



INTEREST OR DIVIDENDS. 



Cent. Payable 



IT I 



. A O. 
A. A O. 

. A J. 
M. A N. 
A. A O. 
M. A K. 
F. A A. 



6 g. or 7 
o 

4g. 

dcposlte 
4 g. 



4 g. 

See text 
5 
6g. 

1* 

6 
6 



When Where Payable and by 



N. Y., Central Trust Co. 

do do 

N.Y.,Del.&Hud.Can.Co. 
do do 

do do 

Troy, N. Y. 
In default. 



A. A O. 
J. A J. 
M. A 8. 
d under 
J. A J. 



Q.-J. 

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

Q.-F. 

3.-F. 



M!A"S 



whom. 



pal, When Due 

Slocks Last 

Dividend 



Apr. 1, 1921 

Apr. 1, 1921 

Jan., '97, 3 

May, 1897 

Apr. 1, 1906. 

NOT., 1897 

In installm'ts. 



Phil. , Pa. RR. Co. & Lon. 
Pittsburg, Pa. 

Phlladelphla.Pa. RR.Co 
>. A R. coll. tr. of 1892 
New York and Phlla. 



April 1. 1910 
Jan. 1 ,'98, etc, 
Mch. 1, 1H42 
$1,073,950. 
July 1, 1919 



iRt coup, due Apl. 1, '97 
Baltimore. 



N. Y. ,H.Tallmadge& Co 
N. Y. , J. P. Morgan & Co 

Aug., '93, coup, last pd 
Aug., '93, coup, last pd 



N. Y., 59 Cedar Street 



July 1, 1995- 

Jan.2,'97,1%%* 
July 1, 1913 
July 1, 1911 
Jan., 199.* 
Aug. 1, 190O 
May 1, loa 
May 1, 1905 



Mch. 1, 1915> 



* Hnaro Ry.. uti changed In 1896. Earnin 
J^SOYll9r.ir**, $32,903; net, $831. 



ffTSJSfJr^.Si miCli& e wa ttSSsSS 
utow EM GianTlUe to Coons. 10 miles; total operated, 209 miles. 

ry, 1870, to Delaware A Hudson 
1 $450,000 stock. Lessee guaran- 
tor mi tin on atook till the Albany City loan for$l,000.- 
bTtOifciiio funil thereafter 9 per cent. (See wording of 
maranty In V. 56. p. 774.) The sinking fund (aggregating $003,192 
80 1895.) and It* Income of $1O,000 yearly lias been or will be 
Pd toward paving this $.1,000,000 loan, and the remainder necessary 
' \ $850,000) will be advanced by the company, which 
A .rom sinking fund before dividends are increased. Of 
750 OOO has been paid (In November, 1895, May and No- 
90,)' and the'balance ($250.000) Is payable May 1, 1897; see 



toe loan 

v'"; 2 n 907''AddlUolis"and^betterm'ent8' charged to lessors, and cost 
made' part of Investment. BONDS The consolidated mortgage Is for 
10 OOb.000, of which $3,OOO.OOO are 7 per cents, currency; the princi- 
pal of the 6s Is also payable In "lawful money," but the Interest in gold. 
AXMUAL RBPORT. Earnings for years ending June 30 : 

<,r< .Vet Charges. Bat.,tur. 

,,.,-.,; $4,212,763 $1.890,053 $1,185,039 $705.014 

3,872,786 1,591.348 1,084.962 506,386 
(V. O2.'p! 318. 907; V. 63, p. 855, 879.) 

Albany * Vermont RR. Owns road from Albany to Water- 
fonl Junntloii X. Y., I't 'nlles. Leased to Rensselaer & .Saratoga in 
I860 and now operated by D. A (I. Canal Co. Annual rental, $20,000. 
Allesrhrnr Valley Hallway. Owns from Pittsburg to Oil City, 
p. lli mile*; branches Red Bank, Pa., to Driftwood, 110 miles. 
ether*. 17 miles; total operated, 259 miles. 

OBOAKIZVTIOH. Ac. Reorganization March 1, 1892, of the Allegheny 
Valley KaUrnad, told In foreclosure Dec. 15, 1891. Plan of reorganiza- 
tionYeto., was In V. 53, p. 324, 368, 520 ; V. 54, p. 409. 524. Road con- 
trolled by the Pennsylvania RR. Co. as majority stockholder. 

B roc K. Stock authorized $30.000,000, of which $18,000,00018 cumu- 
lative 8 par cent preferred stock. Pennsylvania RR. Co. owns $9,- 
653,800 common and $10,906,106 preferred, stock. 

BoXDA. The general mortgage for $20,000,000 four per cent bonds 
has principal and Interest unconditionally guaranteed by the Pennsyl- 
vania RR. by endorsement on each bond. Of these bonds $12.202,000 
(being the principal and 8 per cent additional of the prior liens not 
divested) are reserved to take up the prior liens as they mature, and 
$1,000,000 were held for the future purposes of the company. The 
Fidelity Title A Trust Co. of Pittsburg Is the mortgage trustee. Cur- 
rent liabilities June M, 1896, $561,551; do assets, $24,2O5. 

To redeem the $4,000,000 first mortgage " 7-30" bonds due Mar. 1, 
1896. $4,000,000 general 4s were sold In June, 1895. 

KAKXIXOS. 11 months, ) 1896 Gross, $2,142,287; net, $755,366 

Jan. 1 to Nov. 3O. (1895 Gross, 2,355,637; net, 950,533 

ACTUAL BcroKT. For year ending Deo. 31, 1895. gross, $2,569.082; 
net, $999,428; Interest, $1.139.467; taxes, $47,777: balance, deficit, 
(or year, $187,816. In 1894, gross, $2,176,708. (V. 62, p. 776, 777.) 
Allesilown Terminal RR. Owns 313 miles of railroad In Allen- 
town Pa., connecting the East Pennsylvania (Philadelphia A Reading) 
with toe Central of Sew Jersey. Leased for 999 years to Philadelphia & 



DtRBCTOR9.-Elected September 1896: W. R. Biirt, G. W. Quintard. 
J Edward Simmons. R, M. Gallaway. R. C. Martin, C. J. Lawrence. 
John Jacob Astor. R. D. Murray, BenJ. Perkins, E W. Tolerton. William, 
C McClure, A. W. Wright. Amos F. Eno. President, W. R. Burt. (V. 
61, p. 239, 557, 792, 965; V. 62, p. 455. 

Annapolis & Halt. Short Line. See BALT. & A. S. L. 

Annapolis Washington & Baltimore RR.-Owns road from 
Annapolis to Annapolis Junction. 20^2 miles. Organized in 1886. No- 
bonds. Divi lends: In 18*7. 5; in 1888. 4H) ; m 1889.4; in 1890; 





and Central of New Jersev (by assignment from Lehlgh Coal A 
i Co.) at Interact on bonds and 5 p. c. on $450,000 stock (par 
_ j being guaranteed, principal ana Interest, by Philadelphia & 
c (foreclosed) and Lehlgh Coal A Navigation. (V. 50, p. 422.) 
Ann Arbor Rjr. ROAD. Owns road from Toledo. O., northwester- 
ly to Frank fort, on I-ake Mlchloan, 295 miles; operates oar ferries be- 
tween Frankfort, Mich.. Kewauneo and Malutowoo. WIs., and Mono- 
mlnrn and (fladotnne, Mich. The Flint A Pore Marquette uses the 
Toledo terminal* at an annual rental of $26.OOO. 

OMAKIXITION. Thl* company was Incorporated Sept, 20, 1895, 
(took poiweMlon Nov. 1) as luooeesor to Tot. Ann Arbor A No. Mich 
old In foreclosure July 2, 1895, and reorganized per plan In V. 59, p. 
782, the Encanaba Frankfort A Southeastern being formally absorbed 



ing Ju . , , , , , ,, 

dends, $15,197; balance, defloit, $527. In 1893-94 gross, $61,371. 

Ashevllle & Spartanbarg W.y. -( See Ufap of Southern Ry.)- 
Owus from Spartanburg Juno., ri. C., to Ashevllle Junction, N. C., 66- 
miles; Alston to Spartanburg (formerly Spart. Un. & Col.), 68 miles. 

The Southern Ry. owns $1,047,900 of the $1,050,000 stock and 
cuarantees the 8. U. & O. bonds, which cover the entire property. 
Central Trust Co. Mortgage Trustee. See V. 63, p. 3<x>- In year 
1895 96 gross, $372.881; net, $109,392; Interest and taxes, $53,193; 
balance, surplus, $56,199; rate per ton, 8 cents. (V. 60, p. 130; V. 63,. 
p. ?6o.) 

Vsliluiul Coal & Iron y. ROAD. Asnland to Straight Creek 
Junction Ky., 22 miles main track; 8 miles of sidings. Elizabeth- 
town Lexington A Bis; Sandy has trackage over this road. Capital 
stock, $1,494,500. Floating debt June 30, 1895, $135,548. EARN- 
INGS. Year ending June 30, 1895, gross, $104,106; net, $38,350. In- 
1893-94, gross, $91,778; net, $34,521. 

Atchlson Colorado & Pacific RB. Owns Watervllle, Kan., to. 
Lenora Kan., 193 miles; Greenleaf, Kan., to Washington, Kan. 7 
miles; Downs, Kan., to Alton. Kan., 24 miles ; Yuma, Kan., to Warwick, 
Kan., 31 miles; total, 255 miles. An extension of the Central Branch 
Union Pacific Ry., which leased it In 1879 for 25 years, and guaranteed 
the bonds. Operated by Mo. Pacific. STOCK, $1,522,400 (par *100) . or 
which U. P. owns $920.300. Interest Nov. 1, 1893. unpaid. Earnings 
below include Atch. J. C. A W. Current liabilities June 30, 1896 
$675,255. 

FORECLOSURE. Suits were brought Nov. 20, 1895, under Atchison, 
C. A Pac. and the Atoh. J. Co. & W. mortgages. V. 61, p. 924. 

EARNINGS. -289 miles, >1S96 Gross, $301,465; def., $24,792 

Jan. 1 to Nov. 30,11 mos.J 1895 Gross, 249,000; def., 45,46 

In year 1895, gross, $276,703; defloit under operating, $49,077. In- 
year 1894 gross. $355,828; net, $9,294. V. 61, p. 924. 

Atchlson Jewell Connty &. "Western RB. Jamestown, Kan., 
to Burr Oak, Kan., 34 m. Under same auspices and control as Atchlson 
Colorado A Pacific. Stock, $202,400 (par$100), of which Union Pacific 
owns $105.000. Rental, S33.875 per annum. Interest due Nov. 1, 1893, 
was not paid. See " foreclosure '' under Atchison Colorado & Pacific 
above. Current liabilities June 30, 1896, $89,820. V. 61, p. 924. 

(The) Atchlson Topeka A Santa Fe Hallway. (See Map) 
The system owned and operated in July, 1896, contained in the 
aggregate 6,435 miles of railroad, embracing 4,528 miles from Chicago 
to Denver, Doming, N. M., and El Paso, etc.; Galveston, Texas, (Gulf 
Colorado A Santa Fe Ry.), 1,058 miles; 499 miles in California (the 
Southern California Ry.) and 550 miles from Benson, Arizona, to 
Guaymas, Mexico, formed by the New Mexico A Arizona RR. and the- 
Sonora Ry., including various branches and extensions. 

ORGANIZATION. This company was organized on Dec. 12, 1895. 
under the general laws of Kansas, by the purchasers at foreclosure 
sale of the property and franchises of the Atchison Topeka A Saota 
Fe RR. Co. In accordance with a reorganization plan, dated March 
14, 1895, and published in the CHRONICLE V. 60, p. 658. 

The railway company holds the title to the railroad from Atehison 
on the Missouri River to the western boundary of Kansas, 471 miles, 
and also all, or nearly all, the bonds and stock of the various companies 
in which the title to the other lines is vested. A list of such holdings 
is in the general mortgage (in V. 62, p. 732, 733), the bonds owned 
aggregating over $168,000,000 and the stocks over $100,000,000 at) 
par, not including the stocks of the Atlantic & Pacific RR., the Colorado 
Midland Ry. and the St. Louis & San Francisco Ry. 

In April, 1896, all Interest in the St. Louis A San Francisco was sold,, 
that company being thereupon reorganized as an entirely indepen- 



STOCK AXD Bonn*, Common stock has equal voting power with the 
preferred. Of the $7,000.000 new Hrst mortgage bonds (trustee Met- 
ropolitan Trunt Co., X. Y.), $.1.902,200 were used to retire old bonds. 
the balaooe. $1.037.800. together with $437,900 of preferred stock 
wen sold, the proceed* to be oned for payment of all debts, purchase 
of Cseanab*, Frankfort A 8. E. Ry., new Toledo terminals, reduoini; 
gnde*. etc. The bonds cover entire property, Including terminals and 
ralftat boats. They draw Interest from Jan. 1, 1897. 



. 
In 1 



, Fiscal year ends Jnne 30. During 1896 the net earnings 
put Into the property. Calendar year 1896, gross, $1,160.426: 
8*5, $1.106.235. For year ending Aug. 31. 1895, on old Tol. A. A 

s* were $1.1 12.287; net over taxes, $336,755; betterments, 
~ $115,058. 



its $5,633,000 of St. Louis & San Francisco consols. 

In January, 1 897. arranged to acquire the Western Division of the 
Atlantic A Pacific, 564 miles, per offer in V. 64, p. 179. See also Gen- 
eral Finances below and A. A P. statement. 

STOCK. The preferred stock has preference as to dividends and 
assets, and entitles the holders to non-cumulative dividends after 
June 30, 1896, not exceeding 5 per cent per annum, as declared by the 
board of directors out of net profits. No other mortgage and no 
Increase in the preferred stock can be made without the consent of a 
tlon of the St. Louis & San Francisco, the Atlantic & Pacific and the- 
majority of all the preferred stock and of all common stock repre- 
sented at a meetlne. The total authorized amount of preferred stock. 
I is $131,486,000, of which $20,000,000 can be used only for the aequisl- 



J A.NCARY. 1807. J 



RAILROAD STOCKS AND BONDS. 




10 



UN VESTORS' SUPPLEMENT. 






Fw aaplaaattmof eolnmn headings, eto. 
on erst pace of tables. 



.. MC note* 



F RaU<r-<('ottuilt<ll 

at l (K). nold 

.of 18U9...c'*r 



IT** Uea ted^lTflOoToOO. redTa* 103. .o'*r 
General mortgage bond., g<>l. ; text 
it IncosBM. nn cum. till I*" 1 

\.. 9260.000 dr. y'ly at par., .c 




AlsMMc COy-isl M., gold. 
- ' - 1M Co. 



AUa*Hc Coi* Lint to-Stock. 910.000,000 
AU*I** Bon lstM..91^00,000,g.reu.at par..c 

fro be laoreased to 9106.253.50O to acquire 
. A Pa*.. West. Dlv. 



HUM Date 

of of 
Road. Bonds 



471 



1 i j 

Ma i 



278 



1888 



1895 
180 i 
1890 
1892 

1895 
1887 
1887 

1S.HO 

1871 
1882 

1877 
1877 

1HSO 

1896 

1897 
1896 

1881 
1889 



1895 



Size, or 

Far 
Value. 



Amount 
Outstanding 



..,,000 99,000.000 

1 .OOOAC None. 
500 Ac. II 97,853,500 
500 Ac. 51,728,310 
500 Ac. 1,250,000 



9,788 

18,794,000 

5,50<>,OOO 

12,OOO,OOO 

796,629 
1,823,000 
1,700,000 

500,000 
4,250,000 

750,000 
3,000,000 
1,500.000 



1,000 

1,000 

r,o AT. 

500 AT. 

1,000 

100 
1,000 
1,000 

500 



100 
1,000 
1,000 

100 
1,000 



1,232,200 
1,232,200 
2,200,OOO 
10,000,000 
1,238,000 



INTEREST OR DIVIDENDS. 



Rate per When Where Payable, and by 
Cent. Payable Whom. 



6g. 

Various. 

4g. 

J* 

5g. 



M. & N. 



A. A O. 

A. & O. 

J."A"J. 



4g. 



6 
6 

6 in '96. 
7 
7 
6 



5g. 



6 per an. 

6 

5 g. 
3 in '96. 

5g. 



New York and London. 



J. A J. 
M. A 8. 
A. A O. 

At Mat. 
J. A D. 
M. A 8. 
A. A O. 
J. A J. 
A. A O. 



J. A J. 



J. A J. 
J. A J. 

M. A N. 
A. A- 
J. A J 



(VOL. LXIV. 



Bonds PrincJ 

pal. When Dne. 

Slocks Last 

Dividend. 



New York, 59 Cedar St. 



New York, 59 Cedar St. 
do do 



Nov. 1, 1898 
Various. 

1925 
Oct. 1. 1995 

1995 
Jan.l '98-1902 



July '93 coup, last paid. 
In default. 



N.Y.Cent.Tr.Co.,54Wall Sept 
do do 

do do 

do do 



do do 

Atlanta, Ga. 
do do 

Phlla., Read. Ter. Bldg, 
Baltimore. 

N.Y.,Mer.Tr.,ALondon, 



Jan. 1, 1937 
Sept. 1, 1907 
Oct. 1, 1910 
Nov. 1, 1901 
June 1. 1922 



. 6,'96, 3% 
Apr. 1, 1897 
Jan. 1, 1907 
Anr. 1, 1900 



1947 

Jan'. 7,' '97. 3% 
Co's option. 

May 1, 1919 
Oct. 10/96, ls 

Jan. 1, 1950 



mOnixVi Midland, or for the comt rurtion of a new line In place of the 
s to * Pacific, eu-., to connect the line* In Southern California 
the Atehlson rood In New Mexico. wee V. 62, p. 777. 

The common stock authorized Is 9102.0OO.OOO. V. 62, p. 784. 

BoXM.-The new General Mortgage ( Abstract V. 62, p. 731-739) is 
_M to u,e Union Trust Co. of New York a* trustee, and gives a lieu, 
Ither by direct mortgage or by collateral trust, on the entire system 
of 6.435 miles of railroad, together with all the equipment and ter- 
minals owned by the company, and future acquisitions, subject only 
to the 9B.OOO.OOO of guarantee fund notes secured iiy mortgage on 
the line from Atehlson to the western boundary of Kansas, and sub- 
it to liens on certain equipment for about $1,500,000, to $1,500,000 
of Chicago A dt. Louis RK. Co. bonds (secured by lien on about 60 
miles InUllnols), and the remaining outstanding bonds of certain con- 
trolled companies, amounting In the aggregate to about $696,550. 

The total amount of bonds secured by the General Mortgage can 
never In the aggregate exceed 9165.490.50O, Including both the Gen- 
eral Mortgage bonds and the 917.OOO.OOO Prior Lien bonds, of which 
the latter are merely a precautionary expedient. No Prior Lien bonds 
will be Issued at present, and none later unless circumstances require. 

The general mortgage bonds have been, or may be. Issued as follows: 

To reorganisation committee for property transferred $96,990,500 

To retire at or before maturity the following 

a. Guarantee fund notes, equlpm't bonds and car trusts 

at not exceeding 91, 25O for each 91.OOO of old bonds. 15,500,000 

6. Non-assenting bonds from reorganization of 1889 

(1,56O,95O since reduced to $696,550) 1,600,000 

e. Chicago A St. Louis 1st mortgage 6s 1,500,000 

For UnproVt*. terminals, second track, equlp't, etc., under 

carefully guarded restrictions at not exceeding $3,000,- 

000 yearly, of which not over $750.000 for extensions . 30,000,000 
For aoqulltion of SU Louts A San Francisco, Atlantic A 

Pacific ami Colorado Midland, or to build a new line In 

place of Atlantic A Pacific, etc., connecting the South'n 

California Ry. with the Atchtson's road In New Mexico. 20,000,000 

The prior Urn boiutt are to be Issued only In lieu of general mortgage 
bonds, and In case of the Issue of prior lien bonds, $1,250 of the general 
mortgage bond* must be reserved for the redemption of each $l,OOOof 
prior lien bond*. Also, of the 917,000,000 authorized, $12,000,000 
can only be l*sued to replace a like amount of existing prior securities; 
and 96,000,000 are reserved for Improvements, and are to be used only 
In ease general mortgage bonds cannot be sold for 80 per cent, and in 
no event after year 19OO. 

The AdjHitmenl ilorlgage (Abstract V. 62, p. 739) Is to the Central 
Trust Co. as trustee. Interest Is payable only out of net earnings, 
and Is non-cumulative till July 1, 19OO, and cumulative thereafter. 
Present Issue Is limited to 951,728,000, but when the $30,000,000 gen- 
eral 4s authorized for Improvements as above have been Issued (i. e., 
not before June 30, 1905), 920.OOO.OOO additional adjustment 4s may 
be Issued for the same purposes at not exceeding $2.0OO,OOO in any one 
year, but only by a majority vote of the adjustment bondholders. 

OBXERAL FIXAHCKH. In January, 1897, a settlement was pending 
to purchase the Atlantic A Pacific, Western division, 564 miles, the 
Atohlnon to Issue 98,400,000 general mortgage 4s (making total out 
.landing 9106.263,000) and 9v,2OO,OOO of preferred stock, making 
total 9107,891,400. Atchlson will also assume the net floating debt 
of A. * P. receiver* and costs of foreclosure, eto. ($1,200,000). Re- 
newal* and repair* of A. A P.,lt Is said, will cost about $1,200.000, but 
It la probable that the rental paid by the A. A P. to the Southern 
Pacific for the u*e of Its Mojave division, 242 miles (9436.26(>), will be 
reduced or nrw line lie built replacing same. See full particulars in 
V. 64. p. 179 and A. A P. statement. 

LITEST Euunxoa. 5J 1896. ..Gross, 913,335,158; net, $4.135.885 
mos., July 1 to Nov. 30. j 1895.. .Gross, 12.643,334; not, 2,730707 

See statement as to oonditluu of property In V. 64, p. 40. 

RKroar. The first report, Issued In October. 1896, for six months 
ending Jane 30. given In full In V. 64. p. 791, 796, showed earnings on 
0,435 miles, a* follows; see also editorial pa <c 774. 

SIX MONTH!) BICDINO JDHB 30, 1896. 

' AX. Other income. Charge*. Bat Sur 

913^90.335 93.382.806 966,665 SS.Sofosi 9141,720 
For the Bseal years ending June 30 results (on 6,435 miles) were: 
ror tiding Jutu SO 1896. 1895. 1894. 

Oross earning. 928,999.597 928.532,983 930,385,646 

Operating expenses.. 22.071.276 22.3171355 22I557J359 

Met earnings 96,928,322 96,215,628 97,828,25 

OrrtccB*.-Aldace P. Walker, Chairman of the Board : E. P. Rlpley 
PresMeot; Paul Morton, Third Vice President ; Victor Morawetz, Gen 
ral Counsel ; K. Wilder. Secretary and Treasurer. 

DiiMrroM.-Edward J. Berwind, R. Somers Have?, Benjamin P 
Ofcener. Cyrus K. Ilolllday, II. Rleinan Duval, Victor Morawetz 

komas P. Fowlrr, (lorge A. aiekeraon, Edward S. Glbbs Thomas A 
to1n?!udlce M F%ralker Edw * rd P ' R| P'J'' Oeorge G. Haven, William 

Orncic. S9 Cedar 8t., New York. (V. 63, p 28 73 153 267 6O1 
774. 791. 79e.8G7.879.922.967, 1082. inf. V. 04, p i, 40,' Si. ITU 



.*i ar KK.-RoAD-Owns Western division from 
Isleta, N. It, near Albuquerque, to Big Colorado River, 564 miles, am 



Central Division, from Seneca, Mo., to Sapulpa, Ind. Ter., 112 miles. 
>eMM from Big Colorado River to Mojave, Cal., 242 miles ; trackage 
o Albuquerque; N. M., 13 m.; branches, 12 m.; total operated, 943 m. 
RECEIVERSHIP. Charles W. Smith Is receiver. (V. 62, p. 84, 231.) 
Securities held by the Mercantile Trust Co. for the 1st guaranteed 
trust bonds wf re sold April 22, 1895, to representatives of the first 
mortgage bondholders for $1,900,000. (V. 60, p. 479.) In December, 
1896, foreclosure sale was ordered but no date set. 

Sale to Hchixin. In January, 1897. the bondholders represented by 
the Frankfort and Amsterdam committees, amounting to $14,567,000 
out of the $18,794,000) guarantee trust 4s, had accepted a proposi- 
ion which will be voted on by the American bondholders Jan. 28, 
;hat the $16,000,000 Western Division 1st 6s held for their account 
jhall be sold to the Atchlson on terms that will net the holder of each 
il.OOO guarantee trust 4 per cent bond deposited about 447 in Atclil- 
sou general mortgage 4s and $490 in Atchison preferred stock. 

The committees will retain the $2,794,000 Central Division first 
mortgage 6s on the 112 miles to Sapulpa, Indian Territory, and will 
alfo retain one-sixth of the equipment now in use upon the \\estern 
Division, as the property of the bondholders, for use upon the Central 
Division.-See V. 64, p. 179. 

COMMITTEES. Francis S. Bangs, J. G. McCullough, Otto T. Bannard, 
G. J. Wetzlar and Wm. Basset are a bondholders' committee for the 1st 
mortgage 4 per cent guaranteed trust bonds, in concert with Amster- 
dam and Frankfort holders. In January, 1897, over 96 per cent of the 
guaranteed 4s had been deposited. V. 64, p. 40. 

Stock and Junior Bonds. Address T. W. Lillie, Mills Building, New 
York, V. 64, p. 133. 

STOCK AND BONDS. Stock issued, $79,760,300; the Atchlson and 
the St. Louis A San Francisco own $57,083,400, $51,503,800 ol 
ihls being ownedequally and deposited in trust. 

The second mortgage bonds are nearly all held by the guarantors. 
i Abstracts of mortgages In V. 49, p. 302.1 Deferred liabilities [due 
Atoh. and St. L. A 8. F.I June 30, 1895, $17,653,770, accounts 
and bills pay able $1,709,733; int., etc., due and accrued, $1,817,323. 
PURCHASE FROM So. PAC. In 1884 the Southern Paciflo sold the 242 
miles of road from Mojave to The Needles, to this company for $7.271,- 
100, payable in Apr., 1905, in A. & P. ttrst rnort. bonds, Issued on said 242 
miles to amount of $6,059,250, and $1,211.850 in cash. Until clear title 
to this piece of road Is given, the Atlantic <v Paciflo has possession and 
pays 6 per cent per annum on the $7,271,100. A reduction of the 
rental or the abandonment of the lease was mooted in January, 1897. 
See V. 64, p. 179, V. 39, p. 208; V. 40, p. 50. 

LAND GRANT. 25,600 acres per mile in Territories and 12,800 
acres in States. On the Western Division were earned 20,295,296 
acres of land, 5,333,505 of which were sold to June 30, 1895, 
leaving 14,961,791 acres undisposed of. Map of land grant in V. 36, p. 
468. In 1895-6 land grant and taxes exceeded receipts by $867; In 
1894-5 receipts exceeded expenses by $24,227. 

EARNINGS. 5 months, J 1896 Gross, $1,332,567; net, $309,994 

July 1 to Nov. 30. <1895 Gross, 1,458,918; net, 110,404 

The above earnings are on 831 miles, the Central Division of 112 
miles being excluded. On same mileage in year 1895-96 gross, $3,660,- 
076; net, $549,122; and in 1894-95 gross, $3,344,118; net, $463,793. 
Statement for year ending June 30, 1896, shows gross on 943 miles, 
$3,822,622; net $447,042; land dept. def. $867; rentals, etc., $368,1 1 1; 
bal., sur. for year, $78,064. (V. 63, p. 504, 797, 1157; V. 4, p. 40, 133, 
'S3, 179.) 

Atlanta St, Charlotte Air Line Ry. (See Map Southern Kail- 
ma\i System.) Owns Charlotte, N. C., to Atlanta, Ga., 269 miles. 
Belongs to Southern Railway system. 

LEASED on March 26, 1881, to the Richmond A Danville (now South- 
ern Railway) for 99 years, at a rental of $466,500 per year, equal to the 
interest on debt and 5 per cent on stock; if gross earnings exceed $1,- 
500.000, dividends to be 6 percent; and if they exceed $2,500,000,7 
per cent. The operating contract of 1881 (made with Richmond & 
Danville) was assigned to and accepted by the Southern Railway Co. 

EARNINGS. For fiscal year ending March 31, 1896, gross, $1,763,503 
against $1,540,687 in 1894-95 and $1,549 ,313 in 1893-94. 

DIVIDENDS have been From 1881 to 1889, inclusive, 5 per cent yearly 
In 1890, 5>a; In 1891, 6; In 1892, 6; in 1893, 6 p. o.; 1894, 6 p. c.; in 189o, 
6 P.O.; In 1896, Mar., 3 p.c.; Sept., 3 p.o. President, Charles S. Fairchild, 
New York City. (V. 60, p. 561 ; V. 62, p. 363.) 

Atlanta Knoxvllle & Northern By. ROAD OwnsfromKnox- 
vllle, Tenn., to Marietta, Ga., 205 miles ; and Murphy to Blue Ridge, 
25 miles ; total owned 230 miles ; trackage, Western & Atlantic Rail- 
road, Marietta, Ga., to Atlanta, Ga., 20 miles. 

HISTORY. Chartered June 4, 1896. A reorganization per plan in V. 
62, p. 1040, of the Marietta A North Georgia, foreclosed Nov. 25. 1895, 
Ol the $950.000 purchase money, $525,000 was paid by Nov. 1, 1896, 
and under agreement made with the Court the purchasers obtained 
possession of the property. The balance of purchase price is pay- 
able in $100.000 instalments, sixty days apart. (V. 63, p. 601.) Gross 
earnings year 1893 94, $119,355. 

OFFICERS. President. H. K. McHarg, 40 Wall St., S. Y.; Vice-Presi- 
dent, E. C. Spaldiug, Atlanta; Secretary and Treasurer, H. W. Oliver, 
Marietta, Ga. V. 63, p. 30, 601, 837. 



JANTARY. 



RAILROAD STOCKS AND BONDS. 



11 



tubMTltxT* will confer a great favor by clvliuc Immediate notice of any error discovered In these Tables. 



Hoiuit Princi- 
pal, When Due. 
Stockt Last 
Dividend. 



RAILROADS. 



For explanation c 



on ant 



of tabto*. 



i#s, Ac., see notes 



AstaitMs si At. iewrws-eXoek.e* rental UrandTTk 
4 OUs SBB SOCTUEBX RT. 

rental Central Oa 

1st eoaaoLM^ 9400.000, g....o 

AmttM 4 JTerU*Mslsn 1st mort g., gu. p A L . o'ar 

4 ML JTerris *Jt -Stock 

(. f.. drawn at 100). .r 



rjt IB* nnm i*. i. ( ure* u AW 

J AmnavT&^8toek (990O.OOO Is pfd) 

1st mort (4 per e*nl after Jan. 1, 1*7| gold.. ... 
Jaiasr Okmmmnltt 4 J .- l*t mort. fold . e* 
Bmltimon 4 ufy Ki.-Xori.. $250,000; no bonds 

1st aad 3d pref. stock, earn.'. o6o,ob6uit pref 
*.( V.6, p. 10391 .. red. June 1.97 
(V. 63, p. 97) red. after June 1. '97 
Om P. A C.. red. I year from date. 




lw.B 
st M. (ex*. l 



. W. Vbgtela RR. let M. (ext IB 1999) i 

B. A O. loaa 1879 tParmsrsb'g Br. boads ooUat.) { 

Mort oa Paila. Br.. with Bait. A Phlla. bda.as eoLc 

To" 



Mile* 

of 

Road. 



190 

53 

85 

103 



90 



28 

89 



Date 8Ue, or 

of Par 
Bonds Value. 



* i.ooo 



1887 



1894 
1891 



1880 



1894 

DM 



1896 
1807 
1896 
L8N 



naranteed. principal aad Interest hy the re- 
eatversaadtaeB.AO. RR.; dee July 1,1899, 

toeallalpar July 1. 189. or Jaa. 1. 

Y.CT.P.948; V. 63, p 153. 



Bi 

fil 

E 
m 



106 



. 

1878 
1874 

1---. 
1--7 

urn 

1895 



M 



$109 
1,000 
L.OOQ 

100 

'...KKJ 

100 

i'.obo 



100 

100 
1,000*0 
1.000 
L.OOO 
LOOf 

..... ,VC. 

500 Ac 
*1OO 



i.ooo 

200 

91.000 

l.'HH) 



Amount 
Outstanding 



INTEREST OR DIVIDENDS. 



rWhen Where Payable, and by 
Payable Whom. 



9325.00O 
5,484,000 

1,022,900 
400.000 

:.,OOO 

336,000 

90O.OOO 

600,000 

1,250.000 

80,000 

85,000.000 

5.OOO.OOO 

5.000.000 

956.000 

600,000 

3,400.000 

61,500 

1.709,500 

9,301.513 

9634.504 

160.000 

11.988,000 

6.690,048 

140,000 

3.000,000 

11.616,000 



6 per an. M. A 8. 



6 'J. A J. Balt.Nl.F-rm'rs'AP.Bk 



5 

5 

c text 




J. A , 
J. A I 
J. A , 

F.'A'J 


4 g. 


J. A 


5g. 


M. A 


8 






M A 


1-er an. 


J. A 

J. * 1 


5 


J. A 1 


5 


J. A 


6 g. 


J. A 




J. A 


g. 


A. A ( 


g. 


M A 


g. 


M A . 




J. A 


g. 


F. A j 


5 g. 


J. A 1 


8 


J. A 


6 


A. A ( 




A. A < 



A. Phlla. 

J. 



. . 

London and Portland. 

See text. 

N. T.,Talntor A Holt. 
N. Y., Cent Trust Co. 
New York, Erie RR. 
F.Ins.Tr.iS.Dp. 



See text. 



. 
New York.29 William St. 



July 1, 1917 
Sept., 1896 

Jn.l5,'972ia% 
Deo. 1, 1924 
July 1, 1941 



Bait. Office. Cent. Bldg. 

See text. 

N. Y.,Merc. Trust Co. 
Bait. Maryland Tr. Co. 

Bait., Trust A Quar. 
N. Y., Merc. Tr. A Bost 
Bait. Of., Central Bldg. 

do do 

Sep. '96. op. nd. when due 
I... !,.!...! - .M.,rc.iM\Cn. 

Baltimore, OBlce. 
N. Y., Union Trust Co. 
[xmilnn.J. 8. Morgan ACo 
Baltimore. B. A O. RR. 
J.P.MorganAOo.ABalt. 
lA>ud.,Br'u.8hlpleyACo 



Jan. 1, 1910 

Janl'l"," 1944 
Sept. 1, 1934 

Nov.'io". 1894 
Jan. 2, 1896 
June 1, 1899 
Deo. 1, 1899 
Jan. 1, 1900 
July 1, '98-99 

At will. 

Oct. 1, 1935 

Mch. 1, 1903 

May, 1910 

July, '97-1900 

Feb. 1, 1988 

June 1, 1927 

Hob. 1, 1902 

Apr. 1, 1S19 

Apr. 1, 1933 



.. m. *>! Point HH. Owas from Atlanta, Oa., lowest 
Point. Oa.. 80e mites. la April. 1881. control was acquired by UM 
Csatral RR, of Oeorgta throah lease of tits Oeorgta Railroad, etc. 

A. to suit Bled In December. 1896. see V. 63. p. 1158. 

in <r IVUM bejraa la 1*53 wen tor maay yners 8 per cent per annum. 
rresa Jaa. 1. 1**4. to Jaa.. 1907. InelnsjTs. 6 psr seat yearlyY J AJ. 



Earning* bare been 
94.775; later- 




gaaraatasd by old Philadelphia * 

has beeaequal-tnlMUl to about 

i 19w8 abOBt 7-9 p. a.; la 

Jaae 90. 1990. (roes 9842,364 ; 
$161.307.^ 



milr foul LIBW OS)- Tals evmaaay owa a majority f the 
I steak and a Una amnant of las beads la a (ettas of railroad 
kissxeifor seaTsasesx* tae Atlantic Coast Ui. 
I Iaela4as abevt 1^63 mllss as follow.. 

Hiltf. 
a 1 ........... 11O 

.f ............ 109 





____ 
Other UBSS 



npaay. 



9TOCK. 9teefc saUortsed by law 93O.OOO.OOO : by role of itockhold 
n.aad paid op. 9 10.000.000. BO preferred Mook awl DO funded debt- 
Dmt>t*-Ta* flrst tftrMaad was !> p. s. ' 



J payable Oet 10. 

1999; la 1899, April, !> p. s.; Oet, l>*p.e. 

OUABASTT.-Tbe A. C. U Co. 
Aacosta flrsts, p. aad L V. 61, p. 

lilanllr A Danville My. 
to DaavUle. Va.. MM mile*, thri 
Jaaettoa teClaiaial d feet gaa* 51 

HmT 9a r to the AUastta A Danville JUUroarf. sold la 

Osreeseeare April 8. 1994. bondholders paylag aa asseasmeat of 25 p. e. 
eJso reeveiBjff 30 i 




1990. West Norfolk. 
James Rlrer 



II .N .. 



hp.e.laaewl 
Uo Jsae goVuMU 



ari pafias; aa 
thereto See 



See plaa V. 58. p. 81 



I. f.,r! 



10 aad eeven the road aad 

it par OB 6 month*' notlee; 
*r Jan. 1, 1898. 8ee application 
,. _ V. 92. p 

< I .. .-.-..- 

LATMt F. A *.- BMW.. I199 O roes. 9 1.497; net, $58.408 

July 1 to Nov. 30. J1990 Oroes. 24 

An DAL RaroBT.-Konort 'or 1*90-96 was la V. 64. p. 81. howtac 
real, 956C.019 ; aet, 9139394; tBtore*t, 9U1.OOO-. balance to Improve- 
MM aeeovat. $V7J*4. IalA94-0. grossV9M>7O: net. $1O2.47.- 
<V. 93. p. 18*, M7V1096. 1137. lui; V. J. p. 837. 967; V. 64. p. 81.) 

ttlanilc T>na * Ohio stB_Chartotte. N. C., to Hlates- 

vllle, . a. 44 miles. IB 1899 absorbed by southern Railway Co. 

A (a. I* A Savannah HH. Owas from Mlllfn to Augusta, (is. 
99 miles. The >bareholder* la August. 1896, agreed to a new lease to 



Vas Oratral of Georgia, at 5 par *i* oa stock. (B place of 7 p. e. 

aUai*s.-ror year eadlaf June 90, 1895. rro, f 190,687; net, 
43.202. IaI>tW3-94.(roaf.lboi^o4: net 9o6^3X-(V.61. p. 239.) 

txca.la <toiiihrrn K K.-Owas from Aonsta to Handsrovllle. 
Oex, 90 m. Istaadard sraa-e), sad BsadsriTtlls ATeaallle Kit.. 4 inilm. 
A reomaaUaim perfected la April. 1896. of the Augusta Gibson A 
andeniTllle. First esasoL mortgage trustee Is Central Trut Co.. N.Y. 

9900,000; par, 9100. Them 




.all standard gauge. I 
par 9100. ef whleh the 
TV. Immd jrraal was 
iCo. The 5 per seats ai 



Oct. 31, 1896, gross, 979.3.V 
1,996: net, 912.664. - V. 60, p. 561.) 

R.-Owns 

Marble Fa 



In 1 

v.i.iln A Nertkweeterai HK. owns from Austin to Llano, 
. 99 m.; hraaeh. Kalrlaad to Marble FaU*.etc.. 8 mile*; total, 1O7 
, all ataadara |aaa. Stock aothorlsml aad outstanding f 

PaoUe Company owns 91.O08.- 



, 

__ gnat was 600,000 aeres. MOBTOAOB tm*tc Atlantic 
The 5 far seat* are for 92O,OOO per mile and have principal 
gnaraatoed by the Southern Paelnc Company. 

t 9193.097iaw 1 ** ""^ *' * roonU "' "" ' l90 ' 878 ta 
'year i999.9TMS.f944^38i net, 96X).3 : other Income, 99,328: 

etc.. 9105,033: balance, dsflelt, 915,066. In 1894 

; aet. 9108,094. 



Atoll .. M. .. .. A V||. Morrl. lilt. .<. r \l.,.j aVil JUL J Ottl 
from ML Morris to Aron. N. Y.. 18 miles. ~ 



eseoRR. 



_.. Successor In 1860 to Oen- 

Leased to Krie RR. at rental of 2% per cent on stock for 3 



[rears from Jan. 1^ 1896, 8 percent tor 1 year more and 3> per cent 



Pa. 



Valley HB. Owns from Vail Station, Pa., 
miles; branches to Sugar Camp, etc., 



to Look- 
miles. 



TO, BW| W m W OH^MK V^MU|f, ChV., OW 1U11OS. 

LeaaaJ to Pennsylvania RR. Co. for 99 years from December 7, 1864. 
' 4O per cent of cross earnlnn. Rental In 18959153.399; Int. 
rges, net, 9119.783; dividends (1O p. e.). 9140.625; balance, 
tor rear. $30.893. Rental In 1894 $139.21)1. Stock authorised. 
0.000; oatstaadlnc, 91,535,000 (par 950). of which Pennsylvania 
Jan. 1. 1896, owned $706.250. Dividends are paid F.AA. 
Halltotorr fhrsaprake A Atlanllr Ry. Owns Clalborne to 
Oosaa City, Md.. 87 mlW branch. 1 mile; total 88 miles; from Clat- 
beras to Baltimore. 43 miles, transfer Is made by water. HISTOBT. 
A reor gaalutlon In 1894 of the Baltimore A Kastern Shore, which was 
sold Aoc. 29. 1894 (V. 59. p. 971), the Maryland Steamboat 60.. Eastern 
Shore o. B. Co. aad Choptaak 8. B. Co. Fifteen boats are owned. 
STOCKS AD BOVDC. Preferred 1s 1 .5OO.OOO, entitled to 5 per oent 



eommon. 91.OOO.OOO. Atlantic Trust Co., N. Y., 

President. John K. Bearles. New York 
AXMDAL RBTOBT. Report for year ending August 31, 1893, was 
given la V. 62. p. 274. In 1895-96 gross, 9497.798; net, 988.599; 
rhar.es, 962 jSrf I bal.. .urplu*. 836.O99. in 1894-95 .TOM. 9514.108 
aet, 9189.806 ; laterest. etc.. 962,056; balance, surplus, $67,750. -<v! 
62. p. *74. 




loperatoaf 

weslerni belu IB July. 1896, 2,095 miles, of which 774 
west aad 1J2I miles east of the Ohio River. The "Blue Line" (see 
Ceatral RR. of N. J.) eaables It to reach New York, near which, on 
- Island. It has freight terminal*. Bee 8. I. Rapid Transit. 

s the Vafley RR. of Virginia. 63 miles. Controls Cleve- 
A Valley Ry. and Is Interested In the West Va. A Pltts- 
that oo.i Baltimore Belt line (tunnel line In Baltimore) was 
May 1, 1895. (V. 00. p. 358. 794.) 



Klatrn Ulan.l. 
Alee sparsu 

:...,.! Trt,,,.,,..! 

barf (sea that 



, LBAMES. Ac. -Chartered la Maryland Feb. 88, 1887, and In 
Tkftato Marrt 8jt887. Ftort seettoa opened May 24. 1830. TneTele- 



was sold to We 



graph Go's 

Cafea stock at par aad a rasital of 900.0OO per year for fi ft; 
Jaas 90, 1896, $4,910.000 of the Western OnloB stock was 
A contract or lease made with the Cblc. AN. Pao. In Dee., : 
n*e ef terminals In Chicago. 

In November. 1895, an Important change took place In the direct- 
ory, ibe following reprMeatatlves of New York aud Ixindon tiauklng 

Lotus Fltsgerald. President Mer 



for $5,000.000 Western 
for flfty years. On 
i still owned. 
1991, flTM 



Trust Co.,N. Y.; Kngene Delaao of Brown Brother*; XV I jj lain A. 
ef Vermllys A Co.. aad Howland Dsrl* of Blakn Holssorain A 



On. of Loadon. feabseqneBtiy Mr. Mayer resigned from the Presldeucy 
-Oee V. 61. p. 934, 1106. 1 158. 



KBCBivaaxHir. On February 29, 1896. the President. John K, 
Cowea and Vlee-Presldent Oscar O. Murray were appointed receivers. 

-.V. '.J.|. I'.'.. .--. 1 

VTIOX. The committee* are named below, but In Janu" 
nary, 1897. reorganization matters ware quiescent, pending a deter- 
mination of ton road's earning capacity undrr Improved facilities, 
the gross earning* then already bowing large Increase. With the 
proceeds ef receivers' oerUfleatea the rolling stuck h*s been Increased 
and various Improvements have been made. Early In the receivership 
a Bomber of Important loaas had their coupon* In default (*ee a list of 
- la SurrL&MEXT of July. 1896). but In Jan.. 1897. all the i 



.. . 

eoapoas, with the exception of those below mentioned, had been paid. 

rer* Kmrgamwition <'omm>tltt.-\<tm\* FlUgerald (Clmlriiian), 
Eureae Delano, Edward R. Bacon. Howland Davis. W. A. Read. Auiru* 
Bebaont, Henry Budjre; Seo'y. H. O. Deuilux.-(V. 6^. p. 455. 777.) 

Hal imar* Keorganltnlinn Com mttttt. Kepresent* all the securities 
of the system : ilstBniter Shaw, Chairman; O. Morton Rtewart, John 
(ill). J. O. Harvey. T. Ivlwsrd HamlileUiii. James K McLane, John M. 
Nelson. Secretary. Baltimore.- (V. 62, p. 547. 777.) 

Ttrmin.il Boiuu of /w dee V. 62, p. 588. 

Loon of iU}. 8peyer A Co., In New York, and Sneyer Brothers, In 
London, will receive deposit*. (V. 62, p. 455, 1039; V. (13. \<. 879.) 

Ootrro* PATMIXTH. Coupons In default are as follows: 



.Vsw.Mom.AHtratt5*.May 1, 18DU 
PUU.A West. I'd M. 5*.May 1, 1896 
Wa*h.C. APt.L.lstM.6s.Junel. '96 



Col. A Cln. Mid. prcf.ntk.Jnly 1, '06 

Irt M. 4H>* July 1,'96 

8and.Mans.AN.lstM.7s.Jan. 1. '97 



Vermllye A Co. purchased Akron A Chicago Junction coupons due 
Nov. 1, 1396. 

OAriTAL STOCK. Preferred stock carries 6 per oent dividends only. 

The July, 1896, dividend on preferred was not paid. As to the lien 
of the preferred stock see V. 62, p. 1086. V. 63, p. 152, 6O1. 

In Nov. 1891. the stock was Increased from 914,792.566 to 925.0OO,- 
OOO to pay a 2O per oent stpck dividend, 92.161. 8OO for purchase of 
PltUburg A West. RR. stock and about 9S.OOO.OOO for Improvements. 



INVESTORS' SUPPLEMENT. 



[.VOL. LXIV. 




ss ^^'SSKS^SSS:^ m 




1 0- 

yearly Apr. 1! 
Nov. l.o- 

k-. ik-il.ir.' 

nan. m n. i. nn., . , M iJPl"- - e % 
Akron A Chic. Juno. 1st in., gold. Int. gu.tr 
ialt.Blt.l*tM.for$6.000,OOO.g.,lntgu.o- 

2d mortgage, $2.5OO.OOO,gold 

* Wkto*M<*i*Mlr Oommon stock 



TST "S^ Sf.ajMO.OOoAie y-rly 

If Sosmy L R, East Side RR. 1st M., 

I* Kklljr.BlL.I.I M,gold,_g, 



P4f OJM* nottt* * t*rn vwuj 
1 *tock, 7 per cent, non-cumulative 
at! A Baltimore, 1st mortgage 

a 8.W. JUC..IM "v/ "!*"*!: fc l - en ^-'- c ; 

A Miss.. 1st eon. M., s. f. ($83,OOO are 6*).c' 
-. fund), no drawing.... c* 



oSp* Ti ust. "senSJsfdrawn yearly at 100. o' 
B. A o:k W. *.. Iteon. M., g., gu. (end-).o-Ar 

- Siimort., A A B (A, $8^50,OBO) .CJkr^ 

A O. B. W. Term. Co. 1st M. gold, guar., pAl.e; 

irletU By. 1st M., g., $175,OOO, gu., p. A 1. end. 



12 

147 



147 
147 



11 

5>* 
73 



5 

281 



393 



9O9 

we 



of 
Bonds 



1873 
1868 

1-fiH 

1-.I7 
1*76 

1886 

i-.il 
[889 

l-.iii 



is-.i 

l-'.MI 
Is'.HI 
IV.I-l 



1871 

1874 

1883 

87-'91 

1893 

1893 

1892 

IS'.W 



. 
1,000 

1,000 
1,000 

*200 



. 

1000 

1.000 
1,000 
1,0(10 
1,000 

1,000 
1,000 

"i'66 
100 
1,000 
1,000 
1,000 

1,000 
1,000 

1,000 
1,000 

l.OOOAo 
1,000 
1,000 
1,000 



$540.000 

1.451.OOO 

2,549,000 

See above. 

6,648,224 
lO.OOO.OOO 

H..-.00.000 
.100,000 

800,000 
4,500,000 

350.OOO 
1,500,000 
6,000,000 

10,000.000 

20,000,000 

333.00O 

10,667 ,OOO 

6,468,000 

2,952,000 

1,993,000 

:!2s.ooo 

191,000 

10,483,000 

18,750,000 

1,200,000 

125,000 



6g. 
5 g. 
4W- 
5 
5 

5g. 
5 g. 
5g. 
S g- 



7 

4*s g. 
6A7 

7 

7 

5 

6 
4i g. 

5 

5g - 

4 g. 



When I Where Payable, and by 
pByable 



J. A D. 
J. * J. 
J. & J. 
J. A J. 
J. A J. 
F. A A. 
J. & D. 
A. & O. 
M. A N. 
J. A I '. 
M. & N. 
M. & N. 
M. & N. 
A. A O. 



Deo., '95, coup, last pd. 

Jan. '97, coup, purch'd. 

N. Y., Vermilje&Co. 

Lond'n,J.8.MorganACo. 

N. Y.. Union Trust Co. 
N. Y., Brown Bros.ACo. 
Phlla., Fln'ce Co. of Pa. 
Phila., Fln'ce Co. of Pa. 

Phila., Solicitors' Co. 
N.Y.,J.P.M.d;Co.;.tBalt. 
Nov., '96, coups, purch'd 
N.Y., Brown Bros.& Co. 



& J. 
J. A J. 
J. A J. 
A. A O. 
M. A N. 
J. A D. 
Various 
J. A J. 
See text 
M. A N. 
M. A N. 



Whom. 



Owned by Bait. A Ohio. 



N. Y., Fanners' L. A Tr. 
do do 

do do 

do do 



do 
do 



do 
do 



N.Y.BarlngMagounACo 

New York. 

See text. 

N. Y., Farmers' L. A Tr. 
do do 



Stocks Last 
Dividend. 



June 1, 1913 
July 1, 1898 
July 1, 194* 
Jan. 1, 190O 
Jan. 1, 1928 
Feb. 1, 1925 
June 1, 1934 
Apr. 1, '97-'99 
N v.l, 1 98-1900 
Dee. 1, 1935 
May 1, 193 
Nov. 1, 1930 
Nov. 1, 1990 
Apr. 1, 1944 



Jan. 1, 
Jan. 1, 
Jan. 1, 
Apr. 1, 
Nov. 1, 
June 1, 
10 p. o. j 
July 1, 
July 1, 
May 1, 
Nov. 1, 



1900 
1990 
1898 
1911 
1905 
1932 



IS 

2043 
1942 

19'J6 



Divu>nMtlnoe'85..t '86. '87. '88-'0. '91. '92. '93. '94. 
Onoommoa . ...J 8 4 t>o e. 20* 3% 5 4s 

IB 1895, none. See V. 61, p. 703. (*In stock Deo. 31.1891.) 

RBCUYUU' CERTITICATM. In May, 1896, the Issue of $5,000,000 
MrtlBcalr* wa* authorized for material, supplies, etc., and for resto- 
ration of rolling stock and equipment. See V. 62, p. 1039. On Nov. 
2O 1896 certificates for $u5t;,OOO were authorized to finish Baltt- 
mo're Belt KB. and Initall It* electric plant, etc. They are a first Hen 
OB all the assets of the Maryland Construction Co., which built 
IK. Halt. Belt RR. and also on the Caiudeu Station Improvement*. 
OceV 63 p. 967. On Nov. 27. 1896. an additional Issue of $650,000 
certificate* was authorized. They are primarily an obligation of the 
receiver* and also a first and preferred lien upon all interest of the 
B. 4 O. BR. Co. In the property and securities of the Plttsburg A Con- 
nellnTllle and secondly a lien upon the Pitwburg A Connellsville road 
Itaelf. subject to the nmU of 1868 but ahead of the consolidated mort- 
gage of 1876. V. 63. p. 1008. 

Bon*. The various loons of the B. A Q. System, including the 
asaoutof eaeh outstanding, the road, etc., covered by the mortgage, 
and the earning power of a uumher of the Hues, were given in au arti- 
cle on pace 3 of the INVESTORS' BOPTUDUBT for April, 1896. In addi- 
tion to bond* given above an outstanding, the B. A O. sinking 
fund* held June 30, 1895, consols of 1887 to the amount of $4.865,OOO 
(Interest on which Is paid In consols themselves) and other first-class 
iBterest-beartng bond* to amount of 93,366. 196. V. 61, p. 928. 

The roiuoHdattd mart, of 1887 abstract V. 46, p. 804. 

The Itrmimil mortgage abstract In V. 59, p. 71, 72. 

Instalment of $10O,OOO due April 1, 1896, on B. A O. Equip. Trust 
loan wa extended for one year. 

OCARA.vriKa. In addition to the bonds given in the table, the com 
pany guarantees the following bonds. See statement for this co.U 



Columbus A Cin. Midland 4>as. f 
do do 3 p. o. on pref . 
MonoriKahela River 5s. H 

Pitts. Clev.A Tol., as to int., 1st 6s.H 
West Va. A Pitta., as to int., 1st f>s.i; 



B. A O. Southwestern 1st 4 <s. It 

do do 1st consols. 

Oeve. Term. A Valley Ry. 
Btaten Uland R. T. 2.1 5s. 1 

Taller of Va., $468.000 lit 6s. U 
Win. A Potomac, $147,250 1st 6s. 

OHIEBAL FniAXCES, Ac. The floating debt of March, 1896, was as 
follows: Bill* payable and claims audited to May 1, $3,632,741; 
additional claims, about $50O.OOO ; pay rolls for February, $866,801; 
total. $4,999,542 (of which $2,847,680 remained unpaid May 1) ; due 
receiver* for disbursements, *8O8,072 ; negotiable paper, including 
aadonements, $8,50O,OOO, for which are pledged substantially all the 
eeouritlts of the company, estimated at $18,000,000. V. 62, p. 1039; 
V. 83, p. 106 2. 

Mr. Little reported the floating debt of Nov. 30, 1895, as follows: 
Motes and loans secured by collateral, $3,744.674 ; unsecured debts, 

8,629,256; total. $12,373,930. Oflsets, excluding stocks and bouds, 
,913.430; balance, net debt, $6,460,500. In addition there were 
outstanding notes endorsed for other companies to a total of $9,752,- 
280. of which $1,950,000 for Baltimore Brit Ry., $2,048,000 for Pitts. 
A we*t. and $2,910,155 were equipment trusts secured by equipment. 

In June, 1896, wrre Issued $5.00O.OOO receivers' certificates for the 
payment of floating Indebtedness and for repairs of cars and locomo- 
tives ($1.050.898); repairs of roadway and track, etc. ($1,290,000). 
Car hrtut rtriiflruttt for $3,400,000 were also issued for purchase of 
O.OOO freight cars and 75 locomotives V. 62, p. 948. In December, 
1806, also were Issued $956,000 certificates to complete Baltimore 
Belt RR.. etc.. and $650,000 for Improvements, etc., on Plttsburg & 
ConnelUvllle RR. V. 63. p. 067, 1008. 

The report of expert accountant Little dated July 11, 1896, was 
quoted In V. (13, p. 1OO9, 1O62. It estimates that from Sept. 30, 1888, 
to Hov. 3O, 18"5, the company's profits were overstated uy $11,204 - 
. $59 through a inltaien method ol accounting, but shows thit never- 
the/BM there was a profit over fixed charges, excluding dividends, 
amounting to $300.000 on 1st and 2d preferred stocks as follows : 
, 2?J2 a - ea '* la ! JuDe *? 1899 ' W.56; for 1893-4, $286,575; for 
f $62,725; for U month* to June 30, 1892, a deficit of 

- I80l> 8uriiiu8 ' $974 - 544 * *" 



__.-._- In the CiiKo.Mi-i.K, however, on pages 1040, 1092 and 
I13A of Volume S3, give reasons for believing that Mr. Little was 
much too drs.tlc In Tilstreatment, and that the real profits were 
Creator than he states. On the other hand, when considering the com- 
pany's condition. It should be remembered, as stated In V. 63, p 901 
that when the receivers took poe*lon much of the equipment was 

?2)L? f . r * p *' r '.*J* .. Ul S t J tbe "U 8 * 1 onM * '<>' the year ending June 30, 
1806, Increased $443.211 ($300.000 for Interest on Baltimore Belt 
bond*) and that from May to December. 1896. wcr Issued In the 
aggregate $6.606,000 of receivers' certificates and $3,100.000 of ear 
trut certificate*, entailing *n annual outlay for interest of $584 000 
partly however In Hen of Interest on floating debt. 

m.nthi, 1 1896.. ..Gross, $11,335,545; net, $2,834,427 
' 11898... Grow. 10.671.976; net! 3 487:391 
hlrfly to Increase In maintenance of way and main- 
Unanceof cquipinrnt. 

AinniAL RKroKT. Fiscal year end* June 30. Annual meeting at 
Baltimore ou the third Monday of Novmnlier. Report for is r, ") 
was given In full In V. 63. p. 021 , 925. See also editorial, p. 901 ' 



$6,941,973 
1,982.858 



tear ending June 30 1896. 1895. 1894. 

Gross earnings $23,944,782 $22,817,182 $22.502,662 

Operating expenses 17,583,420 15,801,043 15,560,689 

Net earnings.... $6,361,362 $7,016,139 

Add Income from other sources 1,068,924 1,627,595 

Total net income $7,430,286 $8,643,734 

Net earnings Wash'n Branch.. 99,926 174,410 

Fixed charges 7,202,854 6,759,643 

Divld's on 1st and 2d pf. stock. 150,000 300,000 

Dividends on common stookH . 

Payments to retire bonds 694,835 770,164 



$8,924,831 

205,001 

6,522,581 

300,000 

U624.935 

700,347 



Leaving a balance of U df.$717,329 $639,517 $511,967 



H The dividend charged to earnings was only that paid In May. 

Tear end. June 30 dross. Net. Gross. Net. 
MainStem.&c . ...$11,249,986 $3,714,063 $10,806,337 $4,142,107 

Parkersburg Branch.... 742,217 150,010 731,421 167,717 

Washrngton'Branch 623,406 99,926 624,812 174,410 

Philadelphia Division... 1,679,134 450,389 1,776,317 558,482 

Plttsburg Division 3,105,872 782,494 3,015,727 921,141 

Wheelini & Pitts. Dlv.. 672,635 def. 1,216 633,775 81,161 

Midland Division 376,559 97,723 399,910 98,004 

Central Ohio Division... 1,199,105 152,986 1,096,602 206,833 

Lake Erie Division 845,680 149,572 714,171 108,487 

Straltsville Division.... 143,104 7,296 123,572 def.2,015 

Chicago Division 2,862,625 691,947 2,500,745 504,880 

Akron Division 444,459 66,171 393,794 54,931 



Total $23,944,782 $6,361,361 $22,817,183 $7,016,138 

OFFICEBS President, John K. Cowen: Secretary, C. W. Woolford; 
Treasurer, W. H. Ijams. V. 63. p. 793, 879, 901, 921, 922, 9!i5, 967, 
1008, 1011, 1040, 1092, 1114, 1135; V. 64, p. 40, 64, 82, 134, 180. 

Baltimore &. Ohio Southwestern W.y.(SeeMapofBalt. <e Ohio}_ 

Road Owned Mites. 

Elanchester to Hillsboro 22 

New Albany & Eastern 8 

Cincinnati & Bedford H 

Trackage in Cincinnati 1 

Total operated June 30,1896.921 



Knad Owned Miles. 

Cincinnati to East St. Louis 339 
No. Vernon to Jefferson ville ... 53 
Beardstown to Shawneetown..228 

Cincinnati to Belpre 1 93 

Marietta to Belpre 11 

Portsmouth to Hamden 55 



Second track, 15 miles ; sidings, 280 miles ; trackage, 1 mile. 

HISTORY, ETC. This railway co. was a consolidation on Nov. 1, 1893 
of the B. & O. 8. W. RR. and the Ohio & Miss, per plan in V. 56, p. 504. 

CAPITAL STOCK. Stock is $30,000,000, of which $20,000,000 Is 7 p! 
c. non-cumulative preferred. The $10,000,000 common Is held by the 
B. & O. and carries control. All the stock has been issued, but to 
Jan., 1897, only $19,301,900 preferred had been listed on the 
New York Stock Exchange. 

BONDS. Abstract of lirst mortgage ot 1889 (guaranteed by B. A O.) 
was in V. 51, p. 245. Of the $37^500,000 first consols., also guaranteed 
principal and int. by B. & O., $11,000,000 are reserved to retire at ma- 
turity the B. & O. 8. W. firsts ; $1,500,000 to retire a like amount of 
B, <t 0. S. W. Terminal firsts ; $20,500,000 were to be issued in ex- 
change for Ohio & Mississippi bonds of the several Issues and the pre- 
ferred stock ; and $4,500,000 will be available for improving the Ohio 
& Mississippi and for other purposes. The total may be increased by 
Issue of four per cent- bonds for terminals, double tracks, equipment, etc. 

The income mortgage 5 per cent gold bonds (Farmers' Loan A T. Co., 
trustee) are non-cumulative. Series A ($8,750,000) are prior to B ($10,- 
000.000) for p. A 1. In Jan., 1897, $8,651,000 series A had been listed 
on N. Y. Stock Exchange; series B listed, $9,655,000. 

Interest dividend of 2>4 per cent was paid Nov. 1. 1895 on "A" 
incomes; this is the first payment since the consolidation. 

Ohio <* Miss, general mortgage bonds were mostly deposited for ex- 
change; bonds of this and other issues outstanding June 30, 1896, are 
given in the table above, equipment trust 6s as of Deo. 15. These is- 
sues were originally as follows: 1st consols, $6,613,000; 2d consols, 
$3,213,000; Spring. Din., $2,009,000: O. A M. first geueral mortgage, 
$4,006,000; Cinn. A Bedford 5s, $135,000; New Albany A East. 5s. 
$150,000. For terms of exchange see Sept., 1893, SUPPLEMENT. It is 
proposed to extend O. & M. first consols for $6,468,000 due Jan. 1, 
1898, at 4 per cent. V. 64, p. 180. 



EARNINGS. 5 mos., 
July 1 to Nov. 30. 



)1896 gross, $2,593,748; net, $801,215 

51895 gross, 2,905,088; net, 1,083,726 

GENERAL FINANCES. Though this company is controlled by the B. & 
O., which went Into receivers' hands Feb. 29, 1896, the B. A O. 8. W 
was not affected by that receivership. V. 62, p. 455. In February, 
1896, $700,000 consol. 4^8 were issued for improvements, etc. Loans 
and bills payable June 30, 1896, were $129,610. 

ANNUAL REPORT. The fiscal year ends June 30. Report for 1895-6 
was given at length in V. 63, p. 1006, 1020. 






JANUARY. 1W7.J 



RAILROAD STOCKS AND BONDS. 



IS 




14 



INVESTORS' SUPPLEMENT. 



(VOL. I XIV. 






r 



si.rraa,\ ) Ctal 

.:n 




Edmnndsio^^o^ 8 " 11 If 

een Kiver 

if-""S ^. . O o r 



Eaa 




S [/ JV.*tr| 
VS JSofa 1 

-^-- 

Oi 

a 



CARIBOUj 



Presqu 



^^f.rand Falls 





c. 

(\roostook Jc. 
And over 



;LD 



nt 
} Florence vllle 



r 



Littleton 



/ 



<J SdrtT 

Uiw^l T. 



.M,.,,. I, 



North TwH 

^ Sebieisj 
KATAHDIN^x l ^ 



Bancroft , 
! Wytopitlock., 



!*' M 

T i\ 



\ i jBk 

ShlrU-yK 

^ink \\ % p 

Wj, BROWNVILLE JC 
],!?* 



Sttawuufc 

W'inn 



^Linco 



30 

T 



\ J^lr^ 



VCostigan 



M 



' 



-n 



Ifcnofl 




SFfrr, 






4 



,..- .. fWalifphor 

vY A& 



j ^= 

I 
Vf- I 




o 





8coK 

V"o ; mK 



F'.. ], 
. :'.-: IJ 






LJ N 



upon 



> .1. 



M.A OF THE 

BANGOR & AROOSTOOK 

RAILROAD AND CONNECTIONS. 



uth 



JANCARY, 1897.] 



RAILROAD STOCKS AND BONDS. 



Snaacrlker* will confer a great favor by lilvlii- Immediate notice of any error discovered In these Tables. 


RAILROADS. 


M::. , 
Of 

Boad. 


Date 
of 

.' ; . kj 


Size, or 
Par 

Value, 


Amount 

Outstanding 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 
Stock* Last 
Dividend. 


foe explanation of column headings, Ac., see notes 
on flnt page of table*. 


Rate per When Where parable, and by 
cent Payable whom. 


ML* A 
IstM.. 
COSMO! 

as 

ttLI 

ascaOn 

MUktl 

OaarfJ 
MiaarwJ 
MM. 
JatiJUt 
Prefer! 
Istmoi 
aUa>. 



MIL. 

i ..-.i in 

..M-- 
ajQOOi 


ttosjMM IstM. (tun.) g.,s. f.lp.e..notdr > n.e* 
roadwcuar.. gold, s. f. 1 p. e.,not drawn. .c' 
dated mortgage for $10.OOO,OOO, gold, .c* 
1 Jr.-lst M.*3,360,000<*16.000p.m.) g.c* 
Inge ! 060 OOO($5,OOOa mile), gold 


tt 
92 

211 


1871 
1871 
1889 
1893 
1898 
UM : 
UM 
1889 
1893 

1--.: 

!- .-J 
:- : 
i-- 
i,-,,, 


$1.000 
l.OOO 
l.OOO 
1,000 


*:..->"<>. 

3,000,000 
3.00O.OOO 
3.360.000 
See text 
3OO.OOO 
925.000 
100,000 
900,000 
5.5OO.OOO 
5,000.000 
500,000 
8O3.1OO 
J 16,000 
1.-J38.OOO 

1.. IMI.O 

500.000 
1,OOO,OOO 
300,000 

-'I. '"HP 

1.253,000 
1,000,000 
500.000 
749,000 
526,000 
475,000 

599.000 
25,000,000 
3358.000 

'450AIOO 
750.000 


f!: 

5 g. 
5 g. 

8* 

6A7 
5g. 

5 g- 
4 per an. 

6 

4 
Text 
6 
6 

:;i.. it..-. 

4 


J. A J. 
A. A O. 

J. A J. 
J. A J. 
J. A J. 
A. A O. 
A. A 0. 
J. A D. 
A. A O. 

J. 'A J. 
J. * J. 
J. A J. 
J. A J. 
J. A J. 
J. A J. 
Q. J. 
M. A N. 
J. A J. 


Bait Office and London, 
do do 
do Calvert St 
N. Y., Gnar. Trust Co. 
N. Y. U. 8. Mtge. A-T. Co. 
Boston, Meroh. Nat. Bk. 
Bangor, Me. 
New York City, 
do do 
N. Y., Grand Cent. Sta. 
do do 
do do 
N.Y.. Knickerb'r Trust 
July ,'94, ooup.lastpaid. 


July 1, 1911 
Apr. 1, 1911 
July 1, 1929 
Jan. 1, 1943 
July 1, 1945 
Apr. 2, 1913 
Apr. 1. 1899 
June 1, 1919 
Apr. 1, 1923 
Jan., 1897, 1% 
July 1, 1936 
July 1, 1936 
Jan. 1. 1940 
July 1, 1899 
Jan. 1. 1940 
Julyl5.'96.2<3 
Jan., '97, Us 
Apr. 30, 1911 
July 1, 1945 
1903-1925 


iPlaoata. Pref-M. Green Ext.-assumed.*' 
i held by City of Bangor, 6OO.OOO are 6s. 


77 
77 
10 
10 
150 
150 
150 

iba 

102 


500 Ac. 

! 
l.OOO 

1,000 
50 

:.,,,, 

LOOO 

100 Ac. 
1.000 
l.OOO 
50 
50 
l.OOO 


mortgage, gold. ... 


aStock (guaranteed 4 per cent by end.) 
guar p Ax(end-) oar 


$1 .000,000, gold. gnar. p. * L (end.) .CAT 
Bltum. Coal 1st M..lntgu. by Bh. Cr.,gold.c 
MM**iU40te. Prtorllen mort-.red.aUO5 
($862.000 raserved for prior lien bonds) . . 


Indianapolis, Oo. office. 
do do 
Phila., W. H. Newbolds. 
Bait, Merch. Tr. A Dep. 


oil A toe k .. - 






txajce for $1.OOO.OUO. currency . . 




i : 
IBM 


Ckail.) 1st M. (red. aft. July 1. 19O3) g.c* 
L Income to July 1. 19O3 


25 
35 




~btL Stoek B4.6OO.OOO 


5O 

1,000 
l.OOO 

1.000 

1,000 








64 

67 
67 
67 
59 

30 

.:- . 


1853 
1885 

:- . 
1877 

(88 


6 
4 
7 
5 

* para*. 

3 
4 
5 per an. 
7 per an. 


J. A D. 

M A - 
F. A A. 
J. A J. 
M. A N. 

J. A J. 


Philadelphia; Pa. RR. 
do do 
do do 
do do 
N.Y., Union Trust ry>. 

See text. 
B&ston.Of.Kiireland St 
do do 
do do 
do do 
do do 


June 1, 1902 
Sent 1, 1925 
Feb. 1, 1927 
Jan. 1, 1933 
Nov. 1, 1897 

Jan. 1, 1920 
Dec. 31, '90,2% 
Apr. 1, 1902 
Oot 1, 1913 
Jan.l,'97.2is% 
Jan.6,'97.34% 


S fguar: b^UaltedCo-s i Pa! RR.. if" r 
5.. J guar: by United Oo's* Pa. BR-.s. f..r 
DOOtSwue $600.000 reduced by s. ( 


hs "'in. ' ' 

E 
SB 

Flmmmmtl 


si sl'jViflfasMf 1st mortgage 


tf. * IBMI.JHP. See KBTHBB> AI.AB AM A. 
if*ll. JtJL-lst ML. 600.000 (dr. at pane 


BOt BM>rt)laaaaif to State forlu stock.. ..r 
not mortgage* for $S.OOO OOO ... n 




, .V ". 

A. A O. 
J. A J. 
J. * J. 




* * Vnrth A.lun. "-' -* SUwk 


19 
*9 


ion 

100 


Ware Rrror RR. stoek, 7 p. e. rental 999 yean ... 




teas*. 4t. *urmltu. 
9.598 $3.115,779 $63.889 
2,350 2,096,125 212.056 
4318 2.016.5H3 384.48O 

_. udetataresten debt. 81.761,486; taxes, 

nu, etc.. $374.639; rental B. * 0. 8. W. Terminal Co.. 86O.OOO. 

-(V.83,p.413,4657v.63.p.600,701. IOO6. 1OSO; V. 64. p. 180.) 

_ Potosnar RR.-Own* tram Daldmsiii, Md.. to 
; Bridge. Vs.. aad branch. 44 m.; aad tram Bowie to 
total. 93 mUea-taetadta. tanaal la Oty of Baln- 
OBBfeoUadby Penn. RR. Co. 
RR. own* 
, Consols are 

as they mature. Taa flnt mort- 
Ivanla RR. and tfortaarn Central. 




nding Get. 3 l,185.gros* earnings,* 1.974.671: 
oa baaa*. 490.004k fit. on Mnlpnwnt. 47,992 ; 

t *"* 



r * Aroo.lok 



'op.) Own* Brownvtlle to Honl- 
61 mile*, with branch of 13 



ton. MeT. W4 mite* ; Hoalton to Cariboo. 61 miles, with branc 
U**: kraaea. Oaknald to Asalaod. 43 mllw: total. SU m 
ijsrslss -lr- "-| -- ' - 1' -- V. 56. p. 204} ; tae Bango 
*alaaatsRK.,UldtowBtoUrenTme iMooseVead Lake). 77m.. 
liiTVl U 



Iroa Works, 18 



It 

tae Bangor *P1- 
ke). 77m.. with It* 
aad has assumed 



AXKUAL RKPORT. Fiscal year ends June 30. Report for 1895-96 was 
In V. 63. p. 753. showing gross 1.375.939; net. *718,3AO; charges, 
vtdends.t230.000; bal.. surplus, *130.877. In 1894-95, 
cross, $1, 273.725; net, $S78,934.-(V. 61. p. 79; V. 63. p. 78.) 

Rellalre Xanravllle A Cliirlnnatl Ky. Owns Bellaire. O., to 
Wilhelm Station. O., 1O3 mllest three foot gauge; Kiisklngum County 
RaUroad. WUhelm to Mill Run, miles; traokageB.AO. RK,. Mill Run to 
eaaasvllle, 1 mile; total operated, 112 miles. A consolidation In 1882 
aad reorganised In 1880. RKCBIVBBBBIP. In June, 1895. General 
Manager J. K. Geddea was made receiver. Interest due Jan. 1, 1895, 
on the prior lien bonds being In default Foreclosure suit has 
been brought. V. 61, p. 239. Slock I. : Common.88J2.OOO; preferred. 
795410; par $50. 6n June 30,1895. funded debt was 81.454.OOO ; 
other Indebtedness. $32.468. In year ending June 3O, 1895. gross, 
94.223; net,l.OOO. In 1893-94 gros*. $97,044--(V. 61. p. 26, 239.) 

II. ll Hllroa4 A; <tlrk Yard of Indlanapoll*. Owns 14 
mllesof belt road, etc., at Indianapolis. Leaeed for 999 years to In- 
dianapolis Union which see. Stock Is: Common. $1.000,OOO; pre- 
ferred 6 per cent (1 1 per cent O.. J.), $500,000 ; par,$50. 

DiviuEKlia euaea 1894: Onpnferrtd In full. On common. In 1895. 
Jan., 3 p. c.; July. 2 p. . . in M06. Jan., 2 p. c.: Julv, 2 "a p. o. In 1892 

> itook had r " 



the eom pan; stated that the "common 



nut paid less than 



I Fab. 13. 1891. From Houltoa to Caribou 
Jan! 1. 1896; from OakBeld to Asalaad Jan. 6. 1896. 

i aad natal of ta* Bangor A PUcataquls. leased from Cltf 

"1 The HtaU of Mala* rafunds 95 per 

on roadaadlMMdUaea. In addition to the 
tram boad* $5J0 per mile, derived prlaelpaUy from sub- 
i to BintBind stock, have baaa speat on uanaflBuilom. 
' Sax OBrnB.-Common, 1 .06O.OOO ; 1O.4OO shares fall paid and 100 
hares, S par cent paid; BrafcTmd, 5 p. c.. oon-cum., i .luo.ooo- paid 

uvtf3^L?'* ISl - KL? l ^ftK5a'S E fs^^*" i f^ 

of M Y. litasl min|Bt bead* for I7.ooo had baaa sold to Jan., 
1897, aad $B8S,OOO were a*U a* eoUatrral by the Arooatoek Const mo- 

1.050.000; those bald by the Con- 
tetss of eaat of road over 

. Car trust of 1897 coven 

to Guaranty Trust Co.. Xew York. 

Groas. $856324 : net. *256.944 

*. 676.400; n> 
>ths>.ie\8MBll8M; J1.40vlln 195. 



to, can only be 
rag* boad* aad i 



aUBiJio-ll moBta*.18e 
Jan. 1 to Nov. SO. ( 1895 



. . 

Surplus over charges (11 

A*i AL RKTOBT For rear ending June SO, 1896, gross, 8699,662 
aet. 8356.480; rwitai*. J&4>5O ; taxas. 1.223; latenst. JlO,18; 



. . 

b*laa.e, un>ltt,',789. A sIsUnuBt for tear aantnf Dec. 31 . 1895. 
waa In V. 637 p. 454. The actual sarptns tor OM rearlMS was 17.7 i o! 
Mroas earning, wan 872132% act. 239.2OO; axed charge.. 21U,971; 
balance, surplus, $19,229.- V. 62. p. 4*4 ; V. 63, p. 153. 

talk* llmm..nd.p..n KM. -Own* road from Bath. .V. Y.. to 
HasamondsMrt. . Y.. 1O mila*. Chartered In 1872. STOCK, 1OO.OOO; 
par^ioo. CJuiliioa.-For year rndlng June 30, 1895, poss. $34309; 



at.'17,Sl (art la 1893< 816^60); otkr lDeome,^t22; cbarfca. 

$16^89; balaace, surpta*. $X$M. 
Brrrk reek HR.-<M Map aayoJaJatt H. T. Central. ,-Kt> 

Jen* jBbor.. FB,.ta Maaafley . 1 IS m; branches, to PUllpsbu rg. to mines. 
mmt toaL 15O mflaat tnkag to WUtlaaaaport, 16 mile*, and 
. ete..36m.; ta^aloperatad. 192 mllea. Extension about 1OO 
.Uiwest to Pitta. McKeesport * Yough. RR. Is proposed, of 

wkteh 18 mile* ware aboal completed IB January, 1897. 
LBASE. A- .-From October 1. 1890, leased to the N. Y. Central A 

linn River Ra far 999 rean at latarest OB bond, and 4 per cent 



bonds and 4 per c 

.... ......> i UNM 

aad coke. 2.968, 






I operatlag expeaaes are relatively low since the trains carry 
;iy heavy loads of freight, tba average per train In 1895-96 
" 85 575 ton*. Ararat* rate par ton par mlla 



the New York 
__ V. 52, p. 570. IB 
of 81.000.OOO nw Mtcnnd 

w stock, both guaranteed 

sauailtlus will be Issued from time to 



STOCK A*D BOBIM.-TIM bonds are endorsed with 
Ceatrars guaranty of principal aad Interest See i 
Jaaa. ISM. tBkoMan autborlsed UM Issue of 61.OOI 
srtgsM ft par oeat bonds aad l.OOO.OOO new stock, 
by the Hew York CeatraL Taaa* saearltto* will be Is* 
tee to par far extension* of the road through Clearfleld In a south- 
IT iltreetloa about 7O miles, reaching nadeveloped coal Belds. 
, 1896. DOO^OO at taaaTs per ceat* aad 5oo,OOO of stock 
__a Isaaad to pay for extanalons. etc. Kqnlpment trusts (5 per 

IJraaSO. 1W96.J1M.000. interest parable at anlckarbookerTnMt 
' i *Uo4WM>OOof 4>i par eentsnf 1895. Tb* Clearflel.l Illtu- 
al CorpvratloB ha* capital stoek. $830^M>0 and bond* aiitnor- 
; retired by .Inking fund to June JO, 1895, C21.9OO. 




. 
aad dl 



1888 to 1888, Inclaslvc. 5 p. c. pr snnum; 
la Jaaoary. 1890, 5 p. e ; In 1891 stock alfaude common, 
of 4 per aaat guaranteed. Sea guaranty V. 52, p. 570. 



3 p. c. semi-aannally (J. A J.) and at times more for past nfteen years." 
The $000.000 6 of 1876 due Dee. 1. 1896, have been paid, leaving the 
6s of 1881 a nrst Urn.- V. 83, p. 153. 

Brlc Railway (of Chattanooga, Tnn.). Own* 25 miles of 
belt railroad In Chattanooga, Trim., connecting lines aalering that city. 

HISTOET. A reorganization of Union Ry. of Chattanooga sold In fore- 
closure June 17. 1895. The new company Is leased lor Ufty year* 
till July 1. 1945, to the Alabma Great Southern Railroad Co. at a price 
so mutant to guarantee the Interest on the nrst and second (when a 
fixed chargri mortgage bond* and payment of taxes and maintenance. 
STOCK U $900,000, o wned by Ala. Great So. Ry. See V. 63, p. 099. 

Bout*. First mortgage for 83OO.OOO, bears Interest at 3 p. c. for 2 
rear* from July 1. 1895; 4 p. c. for 2 yean more and 5 p. c. thereafter. 
The flnt mortgage bond* may be called at par after July 1, i-m.; 
Trustee, Mercantile Trust A Depn.lt Co., Baltimore. There are second 



rtgage gold bond* authorizeil for $24,000, uiiituring July 1, 
1945, with interest at the rate of 4 percent. If earned, to July 1. 11(03. 
non-cumulative, and from July 1. 19O3, to become a jlinl rluir,jr, the 
company, however, having the right at anytime to retire them after 
July 1. 1903, at par. For year ending June 3O. 1896, gross. 937,978 ; 
M-erating expenses. $39,272 ; .i.-iint. *l.-'!U. owing clilrflyto extra- 
ordinary repalr*.-V. 61. p. 112. 1O: V. 63, p. 356, txyy. 

Helrlderr Delaware RR. Owns from Trenton. N. J., to Ma- 
nunka <%unk. N. J., 67. m.; Fletnlngton KR..AC., 14 m.: operated cut-on 

l .n. . total ..|HT.I'.-.I. -j n. :. . i,. i -.-.it., i ttkMO pnutta, tod tram 

ferred to Penn. RR. March 7. 1876. Net earnings paid as rental. The 
l (convertible Into stock) and the$T,249,OOO 4 per cents of 
laraateod by th* United Companies, and their g 



guarantr 

by <he Peaa. RR. under Its lease. Bonds of 18* V HS7 and 
1M9S are secured brtheoonaol. mortgage of H7:. for$4,OOO,OOO, which 
provides for a sinking fun I of 1 per cent of outstanding bonds If 
earord. In 1896. gross. 1,124,214; net 313,791. In 1894, gross. 
1,002.054: net 240.270-. Interest etc.. 153,169; dividends (6 p. e.), 
69.OOO. Dividends of 6 per cent have been paid. On consolidation In 
March, 1896, the authorized capital stock was Increased from 1,15O,- 
000 to 84,000,000; outstanding In January, 1897, 1,253,(MX). 

Berk. hi rr KK. 8eeN. Y. Niw HAVEX A HARTFORD. 

lllooiii.bnrc * aalllvan RR. Owns road from Blonmsburg to 
Jamison City. Pa.. 3O miles. Road built In 1887 and lt>88. Stock 1* 
6OO.OOO; par. 85O. Sinking fund for firsts Is 85.OOO per annum; 
i>onda can be drawn at pur; truntee Fidelity Inn. Tnwt A 8. D. Oo.. 
Philadelphia. 

Flnt mortgage Interest due July 1, 1890. not paid, and to provldo 
fuBda for rebuilding bridge*, etc., a committee of bondholder*. In De- 
cember, 1896. proposed to fum! fimt mortgage coupon of July, 1898, 
and January and July.1897.-8ee V. 64. p?133. 

EARHIIKM. Year ending June 30, 1895. gross. 859,115; nper. exp. 
taxes and Intrn-t. 63,834; deficit under charges, etc., $1,2 19. In 
l895-6.gro*s. r .- 066 

President. C. U. Buokalew; Vloe-Prest and Treas., Samuel Wlgfall, 
Bloonuburg, Pa. V. 63, p. 115 ; V. 64, p. 133. 

* Albany RR. Owns from Boston, Mass., to Albany 
N. T. 9O2 miles; numerous branches, lot iulle; leased linen, 83 miles 
total operated. 389 mile*. A oonsolldatlon of December, 1867. 

This road owns tlOO.OOO stock (out or **OO.OOO) of tlie Boston Ter- 
minal Co. and, with others, will use the now Union Station In Boston 
When completed. (V. 62, p. 547; V. liJ, p. 308.) 

STOCK In 1889 obtained permlniilon from the Legislature to Issna 
10.OOO.OOO additional stock, 87,000,000 being for bonds due In 1892, 
the remainder for Improvements. 

I)ivii>Ki)OK Cash dividends at the rate of 8 per cent yearly have been 
pali! for many yean. Stook dividend, lOp. o. In 1883 ud 3 % p. o. In 1886. 

BONDS New bonds for 5.0OO,OOO were authorized In Sept. 1893 
V. 57, p. 547, of which In July, 1895, *S,627,OOO had been Issued. 



UJVESTOK8' SUPPLEMENT 



[VoL. LX1V. 



edlate notice of any error discovered In there Table.. 



.b~rih.r. will .r . mro*t fhror by HTJB tmm 



Bond*- Prtnel- 

pal.When Due. 

Stock* Last 

Dividend. 



INTEREST OK DIVIDENDS 



Where Payable, and by 



Jan.l '97,3 V/ 
July 1, 1899 
Mar 1, 1903 

1905-6-7-9 
Apr. 1, 1932 
Feb. 1, 1913 
Mob. 1, 1915 
July 1, 1916 

Oct. 1897 A'98 
July 1, 1900 

Jan.l '97,l I a% 
Sept. 1, 1896 
Feb. 2, 1905 
Feb. 1, 1907 
Feb. 1, 1937 
Aug. 1, 1942 
Jan. 1. 1944 
Sept. 1, 1906 
June 1, 1937 
Sept. 1, 1906 



Boston, at Office. 
do do 

do do 

do do 

do do 

do do 

do do 

do do 

do do 

Nashua, Co.'s Office. 
Boston, at Office. 
do do 

do do 

do do 

do do 

do do 

do do 



1879 

1883 
1885 
1809 
1893 
1904 

1*1(0 



3,675,000 
1,000,000 
1,000,000 

5OO.OOO 
750.000 
42r>.!IOO 
100,000 



A. A O. 
F. A A. 
M. A S. 
A. & O. 
A. A O. 
.1. .V ,1. 
Q.-J. 



Boston A Maine gives 
rental *uarante 
tor 99 years. 



100 
100 

1,000 
1,000 
1,000 



3 per an. I M. & 6. 



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



1,000,000 

500,000 

1,919,000 

2,500,000 

6.000,000 

8,558,200 

998,000 

597,800 



Boat.; Lond.. Baring Br. 



Boston, at office. 



Boston, Of., Sears Bldg. 



100 
1,000 

100 
1,000 



July 1, 1918 
Jan. 1,'97,1 
July 15, 18 

1927 
Sept. 1, 1906 



Mar.,'sJ6,pd.Mar.24,'96 



Brooklyn, N. Y. 



338,000 

2,286,400 

250,000 

238,000 



N. Y., Farmers' L. A Tr 




LATEST EABTOIOS. Quarter ending Sept. 30: 



Onts. 



Xel. 



IIS:::::::::::::::".".: TJfco.oio -969:139 

AjniCAL BEPOBT. Fiscal year ends June 30. 
In V. 63. p. 227. 308. 

Ttmr tndint JM 30- . 1896, 




Int. <e taxes. Sal., fur. 
$139,266 $510,93<> 
142,340 826,799 
Report for 1895-96 was 



1894. 

$9,190,276 

$2,469,988 

$381,410 

78,000 

2,000,000 



82,551,506 

$453,150 

78,000 

2,000,000 



$20.356 



8, 837.) 



$10,578 



ift-flt pTstMi: 276,-547, 86lfv 78 6 7 3, P- 

n, . -i . . M * Lowell RR. ROAD Owns Boston to Lowell. 27 miles 

.A", s Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles; 

12 miles; Middlesex Central, 11 miles; leases- Manchester A 

neBR. 29 miles (ownedjolntly with Concord & Mon. RR.); Central 

Massachusetts, 1O4 miles; Connecticut A Passumpslo, 147 miles; total 

leased. 280 miles; total owned and leased, 369 miles. 

r.grs. Leased In 1887 for 99 years to the Boston A Maine at 7 per 
sat per annum on stock till and Including January, 1897, dividend, 
and 8 per cent thereafter 

STOCK AKD BOND.-8tock authorized, $6,529,400. The debentures 
were described on page 2, SUPPLEMENT of April, 1895. In March, 
1896 82OO.OOO of additional stock was authorized for real estate pur- 
' and to take up a note for $100,000. The 20-year currency 4s 



i. switch and signal systems at junctions, $31,323; reconstruction 
f Eastern division mainline and branches, $140,870; new equip 
ient, $408,940; automatic couplers and air-brakes applied to engines 
id freight cars in compliance with United States statutes, $37E 1,477 
The earnings of the Concord & Montreal are included in 1896 but 
re not included for 1894 or 1895. The C. A M. had gross earnings of 
12 477 199 for the fiscal year ending June 30, 1895. 
tear Ending June 30. 1896. 

^nTrdlp-toentV.-.v::.-::*^^ ^gws 
M^gsre^::"."."."."-".".".". "ffi&S 

Total ...$20,460,091 $16,892,313 

)per. expenses," excl. taxes.... 14,547,693. 11,794,528 



,. 

1896 for 8750,000 were issued July 1, 1896, to retire like amount 
of 6s due on that date. In Dec., 1896, was authorized the Issue of 
200 <iOO 4 per cent 20-year bonds to refund $200,000 Lowell & Law 
fence Os due Oct. 1. f897. (V. 60, p. 176; V. 61, p. 27; V. 62, p. 456, 



Miles. 

Total operated July 1, '96.... 1,71 7 
Double track 310 

Controls Me. Cent, (which see) .822 

Portland & Rochester 55 

St.Johngbury ALakeChamp.131 

York Harbor A Beach 11 

Vermont VaL of 1871 24 

Sullivan County 26 



ence . 

601, 820, 1039; V. 64, p. 41.) 

II.,. i. ,n & malne RR. ROAD The system Includes: 

Una owned. Miles. 

Boston.Mass.,toPortland,Me. 116 
Boston to N. H. State Line.. 41 
Conway Juno., Me., to North 

Conway, N. H ............... 73 

Sundry brandies ............. 140 

Line* leased. 
Concord A Montreal ......... 414 

Boston to Sherbrooke, Can ... 29O 
Other branches leased ........ 643 

The leased lines Include : Concord A Montreal, leased June 29, 1895, 
Boston A Lowell, Central of Mass., Nashua A Lowell, Northern or N. II. 
Worcester Nashua A Rochester, Connecticut River, etc. for terms of 
leases see each company. 

OBOAXiZATiox. ETC. -In 1890 a consolidation was made with the 
Eastern Railroad of Massachusetts and the Portsmouth Great Falls A 
Conway, on terms In V. 50, p. 589. July 29, 1895, the Concord A 
Montreal was leased for 91 years. See V. 61, p. 513. From Jan. 1 
1898, the Connecticut River Road was leased for 99 years. V. 56, p. 245 

An agreement with N. Y. N. II. A II. regarding division of territory 
WMmade In '93. (V. 56, p. 464.) 

BTOCE. Common stock authorized, $18,754,200; preferred stock 
83,119,800; outstanding in July, 1896, as in table above. In 1891-92 
84,992,100 stock was Issued to stockholders at par. (V. 52, p 
164, 349.) Of common stock $945,200 held by mortgage trustees o 
Eastern RR. and$376,200 by B. A M. June 30, 1896, drew no dividends 

DIVIDENDS. On preferred, In full to date. 
OB common. ) '87 '88 '89 '90 '91 '92 '93 '94 to Jan., '97 
Jnee'89.P.C.. i 10 9 9 9>i 9 8 8 6 yearly, 

BovDs. A* to debentures see SUPPLEMENT of April, 1895. 

In November, 1894, the floating debt had all been paid off. B. & M 
guarantees 81,328,000 first 5s of St. Johnsbury A Lake Champlaln 
Also Interest on $113,500 Portland A Rochester and $274,000 Man 
ebester A Lawrence 4 p. o. bonds. Jointly with Maine Central guar 
antees $3OO,OOO Portland Union By. Station bonds. 

OCKEBAL FtHANCEB. The 1895 report stated that automatic coupler 
and air brake* for freight cars and engines would call for about $1,000 
OOOdurliiir 18115-0 and 1896-7. The new passenger station In Boston war 
opened In 1894. The lease of the Con. A Mon. In June, 1895, frees th 
company from all rail competition In Its peolnl territory. In Deoem 
ber, 1895, the Central Massachusetts Issued $100,000 of Its new 5s t 
Boston A Maine for claims to April 1, 1899. See V. 61, p. 1063. 

LATEST EABKIXOS. For the quarter ending September 30: 

3 me*. Groan. OIH. inc. Jut. 4 taxes. Sal., fur 

1896 ..... $9.512,249 $1,795,560 $107,570 $1,292,784 $610,34 
1899 ..... 5,973, ii'JJ -'.111,806 146,137 1,291,605 986,33 

AJTKCAI. REPORT. Annual meeting second Wednesday In Octobe 
Annual report 1895-96 In V. 03, p. 354, showed results as follows, th 
operating expenses In 1895-96 Including $1,060,663, against $895 
147 In 1894-95, spent for iMTinnnf nt lmpro%-cinonts as follows: Ne^ 



buildings and yards, $60,315; new steel bridges, $45,738; Interlock 



1894. 
1,293 

$7,894,968 

7,260,587 

806,721 

$15,962,276 
10,860,580 



Net earnings... -- $5,912,398 $5,097,785 









$5,101,696 

$5,754.570 

1,213,391 

2,311,370 

822,018 

1,321,031 

67,282 



$19,478 



Balance, surplus $71,466 $72,285 

-(V. 62, p. 318, 907; V. 63, p. 354, 356, 552, 879.) 

Boston A Providence KB. Owns Boston, Mass., to Providence, 
R. I. 44 miles; branches, 20 miles; leases to North Attleborough, 4 

. j a r.e\ , . ....;! 1 1QQQ in f~MH C*nlt\mr "RT? . TATlt.a 



Year. Gross. 

1895-9i5 $273,569 

1894-95 280,324 

1893-94 301,383 



ni'ile's. Leased for 99 years, April 1, 1888, to Old Colony RR.; rental. 
per cent yearly on stock. Old Colony to July 1, 1892, had invested 
11,671,938 in road on lease improvement account. 

Boston Revere Beach & Lynn RR. Owns narrow-gauge road 
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by 
company's ferry boats; Boston, Wlnthrop & Shore Div., East Boston to 
Winthrop, 5 miles, with branches 3 miles. In December, 1896, the 
ssue of $1,000,000 bonds was authorized for improvements and to re- 
tire 6s due July, 1897, and for floating debt. (V. 63, p. 967.) Divid- 
ends : 1888 to 1891 inclusive, 7 p. c. per ann.; in '92, 5 "a; in '93, 5 p. o.; 
n '94. 4> p. c.; in '95, 4 p. o.; in '96, Jan., 2 p. c.; July, 1 p. c.; in 1897, 
Jan., 1 p. c. 

EARNINGS. Fiscal year ends June 30. Report for 1895-6 in V. 63, 
p. 716. 

Net. Int. <t taxes. Div. paid. Bal., surp. 
$84,995 $54,536 $34,000 def. $3,541 
100,704 56,372 34,000 10,422 
95,521 53,021 42,500 None. 
(V. 63, p. 716, 837, 879, 967.) 

Brooklyn & Brighton Beach RR. Owns double-track road 
from Atlantic A ve.cor,ner Franklin Ave., Brooklyn, to Brighton Beach, 
L. I., 7 1 n miles. Reorganization after foreclosure in Oct., 1887. In 
August, 1896, connected with Kings Co. Elevated by extension along 
Franklin Ave., about % mile. This extension was leased to the Kings 
County Elevated in February, 1896. Through trains are run from Ful- 
ton Ferry to Brighton Beach. V. 63, p. 754. STOCK. Common, $500,- 
OOO; preferred., $500,000. Stock assessed 313 p. c. in 1893. 

BONDS, ETC. On July 1, 1895, loans and bills payable were $359,012. 
Profit and loss deficiency June 30, 1895, $316,431. March, 1896, 
coupons were paid at Central Trust Co., N. Y., March 24, 1896. Sept., 
1896, coupons were not paid. 

EARNINGS. Year ending June 30, 1896, gross, $67,604; net, $8,596 
charges, $48,205; bal., deficit, $39,609; terminal property (charge) 
$9,787; total deficit for year, $49,396. In 1894-95 gross, $99,300; net 
$32,080. Total deficit July 1, 1896, $364,527. President, E. L. Lang- 
ford (elected Sept.. 1896).-(V. 59, p. 4*1; V. 60, p. 561, 1107; V. 62, 
p. 276; V. 63, p. 268, 559, 754, 1009.) 

Brooklyn Bath & West End. ) See STREET RAILWAY 
Brooklyn Elevated. 5 SUPPLEMENT. 

Brooklyn & Rockaway Beach RR. Owns road from East 
New York (Brooklyn) to Cauarsie Landing, Jamaica Bay, Similes (of 
which 3 miles double track), and operates ferry to Rockaway Beach. 
Operations suspended during winter months. Rails 50-56 pounds 
steel. STOCK is $150,000 ; par, $50. DIVIDENDS. In 1890 and 1891, 
eaohSpercent; 1892, 6 per cent; 1893, 10 per cent; In 1894, (?) per 
cent. In year ending June 30, 1896, gross, $42,407; net, $2,574; other 
income, $5,643; charges, $24,272 ; bal., deficit, $16,055. In 1894-95, 
gross was $64,891 ; net, $20,818. 

Buffalo Bradford & Plttsburg RR. Owns from Carrollton, 
N. Y., to Gllesvtlle, Pa., 26 miles. Completed in 1866, and leased to 
New Vork Lake Erie A Western (now Erie) for 499 years. The Erie RR. 
holds all the $580,000 bonds due Jan. 1. 1896, and $2,189,900 of the 
capital stock of $2,286,400; par $100. (V. 62, p. 39.) 

Buffalo Creek RR. Owns 6 miles of terminal road in Buffalo, 
N. Y. In January, 1890, leased for term of charter less one day, to the 
Lehigh Valley and the Erie RR., which together own entire capital 
stock of $250,000. 



. 1897.] 



RAILROAD STOCKS AND BONDS. 



ir 



-^ ., 

1 / ^^- -r-^** * -* 



\\i* ,w,, 

t,M 



v ^f : !KJB 



Ss^ ' 



MAP OF THE 

BUFFALO, ROCHESTER 

AND 

PITTSBURG R'Y 

BrMomn 




INVESTORS' SUPPLEMENT. 



[VOL. LJtlV. 




notice of anr error dlscorercd In thee Tablea. 



RAII RO M'- 




.V. . 

**.*' 

PliM .gold, Rochester to Salam 
oL Btort.. 980.000 

twlieTifc t910. 
rtiEkOSr" Welst 
ptrrrKailroadliit mortgag 
R*l*aJniorte ... ..... 

B. B. * P. eartros&, gold. Deo. 1 






M . 
of 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTF.REST OR DIVIDENDS. j 


Bonds I'rmcl- 
pal.When Due. 


i: to I 1 '-?- 
Cent. 


When 
Payable 


When Payable, and by 
Whom. 


ng. *c.. see notes 


Dividend. 


UI.R'IUI. 

,6 B.C. non-com. 
Salamanca 0* 
rmllp.KOld. g.C" 
UO.OOO) gold....o' 
iort..gold.guar.e* 
, guaranteed 


ios 

276 
10 

1 


1887 

1--' 
-,--: 


$100 
liooo 

1,000 

1,000 

1,000 


$12,000,000 
1,300,000 
3,920,000 
4.4O7.OOO 
350.OOO 
20.OOO 
301,500 
586,000 

1,818,000 
1,289.000 
5,500,000 
6,500,000 
825,000 
1,905,000 
6,425,000 
150,000 
See text. 
*1,121,7OO 
$12,000,000 
2,232,000 
1,595,000 

1,300,5^,0 
1,279,000 

381,925 


"e'g. 

if: 

I* 

5 
5 

See text. 

4 in ial'6 
5 

eg. 

5g- 
5 g. 

6g. 

4%g! 
3g.A6g. 

"~5"g. 
6 per an. 


F.'A'A. 

J. A D. 
M. A 8. 
J. A J. 
J. A D. 
J. A J. 
J. A D. 

A."A"O. 

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

J. A> J. 

J."A"J. 

J. A J. 
J. A J. 

J. A J. 


N. Y., 36 Wall Street. 
N. Y., Union Trust Co. 
do do 
do do 
do do 
do do 
N. Y., IselinACo. 
do do 


Feb., '93, 114% 
Feb. 1, 1921 
Deo. 1, 1922 
Sept. 1, 1937 
Jan., 1939 
June, 1902 
1899 
June, '97-1905 

Jan. 11, '97,5% 
Oct., 1913 
Feb.1,'97,2% 
June 1, 19O6 
Oct. 1, 1920 
Oct. 1, 1921 
Apr. 1, 1934 
June 1, 1927 
1923 
July 1, 1910 


1 
RAILROAD. 







50 

100' 

100*0. 
1,000 
1,000 
l.OOOAc 
5OO Ac. 


dalla't par. .c'Ar 


112 


1893 


N. Y., H. Flsk A Sons. 
N. Y., Corn Exoh. Bank. 
N. Y., Central Trust Co. 
do do 
do do 
do do 
N.Y. Continental N. Bk. 




369 
55 

All 
12 

295 


1876 

1--0 
1-M 

1877 
|93 
1890 


^0^ 


t.,gold (assumed) 
jorl. $3.000.000. 
tge, red. at 110... 


100 

$1OO 
l.OOO 

1.000 

5OO 
50 
1,000 

25 


Lon.,Morton,Rose & Co. 




114 
114 
114 
50 
80 
RE. 


1867 
1871 
1875 

1891 


N.Y., S.Pao.Co.,23 Br'd. 
do do 
do do 


Jan. 1, 1911 
July 1, 1905 


i.OOO.'ooOareSs) 
150,000 auth 
c* 


Phlla., Broad St. Stat'n. 
Phila., Broad St. Stat'n. 


Jan. 1, 1941 
Jan. 1,'97, 3% 


:KKKY A SEA Sao 





II n M a I .. New Vork & Kite 1C It.-I n 1896 merged In Erie RR. 
lalo Korhralcr & Pltlnbure Railway. (See Map.) Oper- 
ates from Buffalo and Rochester. N. Y., to the bituminous coal regions 
around Walston, Pm , 340 mile* In all, including : 



Lines oteitrd infer 
Buffalo Creek, N.Y.. 



Miltt. 
to Howard 

81 



i ... j ' ^ 

CUrlon' Jun'c.i to WainUin. Pa. 66 
Boeheaterto Ashford, N. Y.... 94 
Four branches to mine* 



Leatetl-Entire fk oum'd Milts. 
Jolinsonburg & Bradford RR.-- 

Howard Juno, to Mt. Jewett. 20 

Lincoln Park & Charlotte 10 

Perry RR. 1 

Clearfleld <fe Mahonlng fl 

Clearllcld to Beech Creek RR. 26 
Mahonlng Valley RR 2 



Lines owned in fee 

Burlington, la., to State Line, 
Minn, (including 11 miles 

leased) 241 

itate Line to Albert Lea, Minn, 
(leased) 12 

Branches owned to Postville, 
Riverside, Holland and Dav- 
enport 204 



.340 



Brie Ml Jewett to Clarion J.. 21 
Buffalo Creek RR. into Buffalo. 4 

Total <H8* e Mparate statement for this company 
ORGANIZATION, rrc. Successor In March, 1887, to the Rochester A 
PltUburg, which wan foreclosed in October, 1885. See V. 50. p. 560, 
089 The entire capital stock of the Rochester A Pittaburg Coal & Iron 
Company Is owned, and through that company in May, 1896, control 
was acQulred of the Boll, Lewis A Vates properties, incorporated as 
the Clearfleld A Jefferson Coal Co. with $3,000,000 stock and $3,000,- 
OOO bonds. See this SDITI.EJIKST, p. 154 and V. 63, p. 755. The B. R. 
A P Ry controls the coal output from over 30,(K)0 acres of bitumi- 
nous coal lands in Jefferson and Clearfleld counties. Pa. V. 62, p. 

(MM* V fr3 li 115 

In May,'l893, tiie Cleartield A Mahoning RR. was completed and 
leased, and It* securities guaranteed. A line to Pittaburg has been sur- 
Teyed, but construction awaits better times. V. 63, p. 29. 

DITIBBHD*. On pref., In 1892, 5; in 1893, Feb., 1"4 p. o.; none since. 

Bonus. Of the general mortgage (trustee Union Trust Co. of N. Y.) 
for 910,000,000, there were $6,OOO,OOO reserved for prior bonds. The 
general mortgage 5s cover 22 miles of road built since 1887. 
There are also outstanding $5,000 incomes due in 1921, for which 
3,000 consols. (Included in table) are held by the trustee. Car trusts 
for 959,000 fall due June 1, 1897, and $55,000 on December 1, 1897. 

GENERAL FINANCES. Loans and bills payable Sept, 30, '96, $879,708. 

EARNINGS. 5 months, J 1896 ........ gross, $1,539,650; net, $526,921 

July 1 to Nov. 30. {1895 ........ gross, 1,372,425; net, 408,404 

ACTUAL REPORT. Fiscal year ends June 30. The animal meeting Is 
held at New York on the third Monday in November. The report for 
1895-96 was glv-n in V. 63, p. 752, 755; see also remarks p. 731. In 
1895-96 carried 2,433,165 tons of bituminous ooal (out of 3,775,504 
total tons of freight moved), against 2,535,008 in 1894-95. 

},.!:,,.,!.. in,,, :;n i-.n;. 1895. 1894. 1893. 

Gross earnings. ....... $3,141,889 $3,028,216 $2,780,237 $3,308,740 

Net earnings .......... $856,976 $756,927 $629,811 $857,235 

Other Income. ......... 37,889 38,225 39,588 45,724 

Total receipt* ..... $894,805 $795,152 $669,399 $902,959 

Interest on bond*.... 9003,901 $596,272 $594,368 $554,247 

Int. on floating debt.. 45.860 31,251 30,126 24,029 

Rentals ............... 127,460 124,960 123,932 72,981 

Balance ....... sur.9117,644 sr.$42,669 def.$79,027 sr.$251,702 

(V. 63, p. 29, 115, 226, 731, 7 2, 755, 793, 838.) 
Buffalo * Southwestern RR. Nov., 1895, merged In Erie RR, 
Buffalo * Muaqnrliaiina RR. Owns from Keating Summit, 
on the Western New York A Pennsylvania RR., to Ansoula, 
Pa., on the Fall Brook RR., 62 miles: Galeton to Wellsville, on Erie 
RR.. 37 miles, with branches 13 miles; total, 112 miles; trackage on 
Fall Brook Ry.,43 mile*; total operated, 155 miles. The road passes 
through an extensive timber section (upwards of 200,000 acres), to 
which It afford* an outlet to Buffalo and to New York and Philadelphia 
via connecting lines. 

CAPITAL STOCK Is 92.OOO.OOO. J anuary . 1895, paid dividend of 4 p. c. 
mod In January, 1896, paid 5 p. o.; Jan.. 1897, 5 p. o. 



- 1. Mortgage Is for $2,OOO,OOO (Mercantile Trust Co., Trustee) 
._ abstract In V. 67, f. 639, and application to the N. Y. Stock 
Exchange In V. 58, p. 1036. Bonds cannot be Issued to exceed $15,000 
per inlli- uf road completed and equipped. The mortgage is also a lien 
on about 89,394 acres of Umber lands, estimated as worth $1,700,000 
The .Inking fund will retire each year as many bonds as Indicated by 
ill t tiling toUl outstanding by the number of years the bonds have yet 
to run. purchasable In the open market, or subject to call at par in 
ordrr oT numbers, beginning with the highest. On N. Y. Stock 
Exchance amount listed to Jan., 1897, $1,470,000, of which $181,000 
retired by sinking fund, leaving $1,289,000 outstanding. 
EAKXIKO*. ( Orots. Xtt. Charges. Sal sur 

?. m ??" J ) K^2 $862.553 91411.579 $63,787 $89,792 

1 to NOT. 30. (1895 219.473 111,663 56,562 55,101 

AXM-AI. RKI-ORT. Sixty two miles opened for business Oct. 1 
1893; 13 mile* additional In < let., 1 *'.) I. ami :*7 miles Oct., 1805. Fisca 
rear ends June 8O. The amuml report for lHllf>.9(l was In V. 63 p 
55, showing: Grow, 9487,844! net, $217,746; Interest, $04,215 
klng_ fund. *78 C 921; rentals. $4,123: balance, surplus, $70,485. In 



Burlington Cedar Kaplds & Northern Ry. Operates : 



75 



Leased All slock owned 
Iowa City & Western RR., 

Iowa City to What Cheer,&c. 
Cedar Rapids, I. F. & N. W., 

Holland, la., to Watertown, 

So. Dak., Ac 493 

Ced. Rap. A Clinton RR., io. Ill 



Total operated Jan. 1,1896. 1.136- 

HISTORT Successor to the Burlington Cedar Rapids A Minnesota 
RR. Co., foreclosed June 22, 1876. Leases in perpetuity the Iowa City 
A Western and Cedar Rapids Iowa Falls A Northwestern, Cedar Rapids 
i Clinton and Chicago Decorah & Minnesota railways. 

STOCK Authorized. $30,000,000; outstanding, $5,500,000; par, $100 
The Rock Island Co. is understood to be a large stockholder. 

DIVIDENDS- (1893. 1894. 1895. 1896. 1897. 

Percent. i 3. 3. 3 4 Feb. 2 p. o. 

BONDS. Iowa Oily dt Western bonds for $584,000 were paid March 
1, 1896, and consols of 1884 were issued. V. 62, p. 39. Cedar 
tapids I. F. <* If. W. bonds are guaranteed, principal and interest, 
and so endorsed; the 6s are subject to call at 105 : of the 5 per 
cents of 1881 $825,000 are reserved to retire the 6s and certain others 
are deposited as collateral under the B. C. R. & N. consol. mort. There 
are also 5 per cents Issued under a $10,000,000 mortgage of 1884, 
which are all deposited under B. C. R. A N. mortgage of 1934. 

Of the B. C. Jt. <t N. 5s of 1884 (Central Trust Co., Trustee!, bonds are 
reserved to retire, If deemed best, all prior and divisional bonds. For 
extensions bonds may be issued at $15,000 per mile for single and $7,- 
500 per mile for second track, the total author, issue not being limited. 

Uinneapolis <t St. Louis bonds due June, 1927, numbered from 1,101 
to 1,400, for $500 each ($150,000 in all), were assumed by the Bur- 
Ington Cedar Rapids & Northern Railroad. 

EARNINGS. 11 months, > 1896.. ..Gross, $4,067,595; net, $1,019,17 
Jan. ItoNovSO. J 1895.... Gross, 4,060,147; net, 1,298,502 

ANNUAL REPORT. Fiscal year ends December 31. Annual meeting 
is held last on Tuesday in May. Report for 1895 was in V. 62, .. 



fear ending Dec. 31 1895. 

Miles operated 1,136 

Passenger earnings. $874,867 

Freight 3,439.866 

Mail, express, Ac. . . 189,599 

Total gross earns. $4,504,332 
Op. exps. and taxes. 3,049,960 

Net earnings $1,454,372 

P.O. op.exp.to earns. (67-71) 
Other receipts 49,480 



1894. 

1,134 
$831,770 
2,737,681 

179,378 

$3,748,829 
2,722,217 

$1,026,612 
(72-61) 
37,197 



1893. 
1,134 
$973,815 
3,084,481 
166,458 

$4,224,754 
3,078,435 

$1,146,319 
(72-86) 
36,949 



892. 

1,090 

$938,514 

3,249,818 

166,457 

$4,354,78 
3,193,141 

$1,161,648 
(73-32) 
22,922 



Total net Income.. $1,503,852 $1,063,809 $1,183,268 $1,184,570 
Interest on debt 811,080 811,280 810,680 788,180 



Surplus over Int.. 

Add cash assets 

Deduct Impts., Ao... 



$692,772 
$335,374 
$298,240 



$252,529 
$333,601 
$171,998 



$372,588 

? 323,281 
279,197 



$396,390 
$332,259 
$811,634 



Balance for year..sur.$729,9*06sur.$414.132 sr.$416.672 def.$82,985 

Add sale of bonds $514,000; balance, $431,015. 
-<V. 60, p. 834, 871 ; V. 61, p. 749; V. 62, p. 39, 501, 866.) 

li n IK- Anaconda & Pacific Ry. Completed from Butte via Ana 
conda, Mont., to the Bitter Root River, 40 miles. Operated in December 
1896, Butte to Anaconda, 26 miles. Bonds were authorized at 
$40.000 per mile. On June 30, 1895, the Great Northern owned 
$490,000 stock and $1,000,000 out of $1,950,000 of bonds and the 
Anaconda Copper Mining Co. $510,000 stock. 

For year ending June 30, 1895, gross earnings were $668,362 ; net, 
$374,530. Charges, $102,783. Balance, surplus, $271,747. 

Calgary & Kdmonton Ry. Owns 295 miles of road operated by 
Canadian Pacific, from Calgary on the Canadian Pacific, north- 
erly to Edmonton, 191 miles, and southerly to Fort McLeod, 104 
miles. Leased at cost of operating till July 1, 1896, to the Canadian 
Pacific, and from that date for 5 years at actual cost of operating, 
Canadian Pacific furnishing rolling stock without charge. See V. 62. 
p. 1086. By this arrangement the Government subsidy (of 16,OOO 
per annum for 20 years for transportation of Government freight) and 
total net earnings will be applicable to payment of interest on the 
bonds; for the balance of any coupon not paid in cash bondholders 
will receive scrip redeemable out of surplus earnings On Jan- 
uary, 1897, coupon 1 p. c. was paid in cash. The land grant 
was 1,888,448 acres, of which 407,402 acres held (Oct., 1896) by the 
Government against the subsidy, the balance having been disposed 
of to pay tor the construction of the road. Stock $1,000,000; par $100. 
V. 62, p. 6jS, 1039, 1086. 

California *. Nevada RR. See V. 63, p. 29. 

California Pacific Ry. Owns from Valle]o, Cal.,to Sacramento, 
( 'ill. BO miles; branches to Calistoga, Ac.. 54 miles: total, 114 miles. In 



JAN CART, 1W7.J 



RAILKOAD STOCKS AND BONDS. 



10 



luaswrtbers will confer great furor by firing Immediate notice of any error dUrovrred In these Tables. 



RAILROADS. 


M ' . - 
Of 

i:.> i.'. 


Date 

of 


Size, or 
Par 

Value. 


Amount 

I';!-!. t!!'l.!: - 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 
Stockt Last 
Dividend. 


Far explanation of eohnna tags, Ac., see note* 
on Int pace at tables. 


Rate per 

Cent. 


When 
Payable 


Where Payable, and by 

Whom. 






Oumlm Coim/p-lut M..g..|ru..p.*l. Phila.4R.o- 
Omimi* AsTanfb Stock ill .000.000 Is pref.) 
1st mortgage, gold (see V. 62. |>. -'77 e' 
l*OM4Mfa sfirAiMH 4 CMfttpe lit mortgage 


7 
138 


1890 
1889 


$1.000 

i'.obo 

l.OOO 
100 
1.000 

l.OOOAe 
1,000 
100 


$34.000 
3.OOO.OOO 
3,450,000 

15.000.000 
::;.>_:(. 7o- 
5,650,000 
130,000 
65,000.000 
7,640.666 
$1323333 
7,000,000 
3.424.000 
34.998,633 
3,650.000 
$15.000.000 
I.VU7.-K 

$2,544.000 
41.330,000 
$616,124 

J-_>CN>.,MI 

$8,000,000 
44.007381 
4719.000 
4600,000 
4317.872 
1,500.000 
734.000 
890.000 
1^08.700 

[$ 


5g. 

"s'g. 


A. A O. 

J."A"J. 


Oct-,'94,coup. last paid. 


Apr. 1, 1920 


N.Y.,Bk.Mont.,i Mont, 


Jan. 5. 1909 




456 
404 
4O4 

14 


1878 

iau 

MM 


><: teXt 

5 
5 
4 g. 

-,.,. taxi 

i |..T .in. 

:, .v .; 
M taxi 

!* 
li 

E& 

5c. 

8* 

(6) 4 

i I..T mi 
5 

if 
5,. 

it 

eg. 

. 


F. i A. 

J. A J. 
M. 8. 
A. O. 
A. O. 
A. O. 
Varloux 
A. O. 
A. O. 
J. J. 
J. J. 
J. J. 
J. J. 

J. D. 
J. J. 
A. O. 
IX vl> 
J. D. 
J. D. 
J. J. 
F. A. 
J. J. 
J. D. 
J. D. 
J. D. 
A. 0. 
A. O. 


X. Y., Or. Cent, Station. 
N. Y., Union Trout Co. 
N. Y.. Union Trust Co. 
Montreal, Bk. of Mout. 
N. Y., 59 Wall St. & Lou. 
London, Co.'s Office. 
Montreal. 
do 
Montreal.N.Y.orLond'n 
London, Baring B. i Co. 
do do 
do do 
London, Comp'y.i offloe. 

N. Y., 59 Wall* London 
London, Baring B. A Co. 
do do 
Can. Pao. office, London. 
Montreal and London. 
London. Morton, Rose. 
Toronto and London. 
London, 
do 
Deo., '93, oonp. puroh'd 
do do 
do do 
do do 


Feb. 1, '97,1% 
Jan. 1, 1908 
Moh. 1, 191S 
Oct. 1, 1945 
Oi-t. 1, 1896 
Oct.,1896, 2% 
1899 A 1910 
Mar.l, 1904-06 
Oct. 1, 1931 
July 1, 1915 
July 1, 1937 
July 1, 1938 
Irredeemable. 

June 1, 1934 
Jan. 1, 1937 
Apr. 20, 1904 
Bee text. 
Deo., -96, 3% 
Irredeemable. 
July 26, 2889 
Aug. 1, 1934 
Irredeemable. 
June 1, 1916 
June 1, 1916 
June 1, 1916 
Oct. 1, 1919 
Oct. 1, 1014 


la* mortgage tor $14.0OO,6ob. Bee V. 63. p. 188. 
84 M. for 86.OOO.OOO. Caaadn money. Uo.<t.c.tr 
Learn. A St. Clatrlst M.. cold. en.. p.*Mend>.. .c- 
C.MrfUi /x-irte-Stock (See text i 


Prat. stock for 98,000000. non-cum. (Bee text) . . r 
Oaa.CenlRRl<t aBd3dmorta..lstM.s.f.,dr.st lo>, 
9MBie PfOT. due oa Q. M. O. A O. and BTs, RR 
Can. Paeine, land mort. fold (redeem at llOi.... 


269 
370 

3,'Jlii 

183 


-- '88 
1881 
1885 
1888 
18M 

9B 

1884 

1--T 
I--.: 
1-7.; 


JlioOJic 


900 Ac. 
100 Ax 
100 sta 

XlOOJke 


Land nut bonds. Int n. by Can. Oovt. . >*r 


PBIXCU-AI. SCCUBITIU or LEASBU LIHES. 
lUnitoba 8. W. CoL R'y 813.0OO p. m.. Int. guar ( 
Atlantic A North went 1*1 mort. irold. ruar. .c-r 
Borth Shore Ry.-lst M. C. P. own* iI0.767. . . 
M. Lawrence A Ottawa lit Bert. cold, we text 
Ontario A Quebec stock guaranteed la perpetuity 
Oil A One. debea Interest guar. tn perpetuity , 


918 
MO 

...-. 
58 


1.000 
4100*0 
jeioo 
450 Ac 

$100 


Toronto Grey * Brno*. 1st M.. cold. 1st. as rental 
Nsw Bnuuwlck Ry. 1st M..gobUnt.from rental.c' 
Perpetual eoutoi. debenk stock. Int. guar , . , , 


ii 

174 


!--.< 

MM 


4100 
4100 


On** fSar 4 TmtUein roi.-lst Miseries AjokLe-Jkr 
lot M . Her "B ' cold (3d on 133 m.) e'Ar 


i'ao 

73 
82 
M 
10i 


1---; 

1---; 
!--., 
1-- 

DM 


$1.000 
l.OOO 
1.000 
l.OOO 
100 *c- 


1st .. series C. cold (id mort. en 225 mlles.).e-AT 
Ooasol. mort.. $15.000 per mile, cold c'*r 
a Car.Pae. Qineil) let M.BUM low to Benne tts v 





November, 1884, leased for SO yean to Biiillaoja Paeine Company 
In 1809. gross. 01.070350-. art. 8498.487; taxes. 838,889; rentals 
to., $17.110-. rental, $OO OOO. loss to lessee. $2lM59. In 1804 
mSl.njMHlX nei._$SLo8. .La-o.r- aooa.nt,.ataL $800.000 




from 



to Olen 



es. 40 Bile* : total. 
mar $9Oi: paid la 
RtCo.. which operates 



1 all owned by the Peaaiylvanla 
, ty under aa arisngamoat tenali 

IT. \etoarnlngsarepaldasrental. A full abstract ot the mortgage 
in V^ 52. D. 976. la jfoar 1909 gross. $394.06O L aet L $1 ,12,574; 



party. Net earnings an paid as reBtal. A full abstract 

was la V. 90. p7 07ft. In year 1495 gross. $324.060: __ _ 

Interest, 883390; taxes, $10.913; balanoe, surplus, $87319. In 1804 



terminable at option ofeliher 
of the 



t Atlantic atat. a Wavr JBBSBT A SBA BUOBB. 

CsUBCVn A BarllnartonConnly .-OwnsfromOamden.N. J.. 
to Famborton. N. J.. 23 mUeoi branch. Burlington, N. J.. to Mount Holly. 
7 miles; total. 3O miles. Operated by the Pennsylvania Railroad. 
watohgnarsatess 6 par canton stock. The $35O.ooo flnt 6s due Feb. 
1, 1887 (faar.prta. aad tat. by Fean. RRl.werc paid at maturity 
Lease natal. $44.415 Stock. J881398: par f 3 *- Wldends la Jaa 
and July. In 1806 gross, 8848.408; not. $lftS97les to losses, $34.903 
la 184 gross, 8999.070; aot. $52342; proOt la Samoa la 1884, 8739T 

faasden Connty It . -Owns from ML Eparalm to Spring Mill-! 
-. J.. 7 miles. Controlled by Philadelphia * Reading. Flnit mortgage 
dao April 1. IBM, M not paid. Bee V. 6O. p. 6O7 



Mono* at tsa.osa.aany from OMaw. to Parry Bo.ad.S60 aiSos. wai 
completed In December, 1808, bat no bonds bad boon Isoaod thoroaa. 

t^<w&^J^5^^J^L2Z^r a 

jao 80. 1806. gross. $V.'.93; new $174360. la 18844. 
I : not. $178.104. (V. 59, p. 808. lav. V. 63. p. 870.) 



Chlra C o._Boads 



8eoV.62.p. 



Fork Otnlrml * AWstooa H. 
station, lnclu.1 
ti 

miles are 




my was chartered IB 
1 1878. IB MOT.. 1889 
Central for 21 



The contract 
la December, 



agreed to give the Canada Southern 4O por ecnt and the 

-Oporceat of the Int $1.000.000 of not earning*, any 

asaoant over that to bs divided oa the basts of one- third aad tw^thlrds. 
aehelors. Bat uadtsMorllnaaooatrect each company wMocorde<{ 
aU boaellt to accrue trom redaction In Its axed charges V. 64. p. 5. 

i*JlU o* 1 ^ ->" 

be f^naai Southern not at all. 



200; the 

DtviixxDO.- 1888 '89 -90 '91 '92 03- -94 -95 '!6 -07 
8laeel8H7 ... 9i% 2", 31. 24 8 3 8 2S, 24 Below. 
|a 1896. Fob. m p. o. : Aacast, 1 ' p. c.; in 1807. Fob. 1 p. e. 

I by the New York 
'. guaranteed. V. 56. p. 606. 
. bonds are payable. 

68. p. 1155) showed 
r Income, $2.000; dlvl- 
,-.-... .... year. 3.5oo. la 1895 Canada 

share was $304,715: total surplus Jan. 1. 18V7, $19,6V7. 



* ^* v* . mk, i p. c.; m AOV/. r 

Bmnxk-Iatanot an the lot mortcaco to guaraatsnd 

Oanttal till 1888 bat the nrtSstJaT noTgaa?aote\ 

aoV. 63, p. 14i.astooarnncyiawhleh bonds are i 

AinrCAL RroT -Figures for 1808 (In T. 6 

&&m&Stt i !&ti 



anaillan Paclnr 

Coast In 





Ky. Ri> Owns from Montreal to Vancouver 
Brittsn Columbia. 9,008 miles. There are branches 
..- owned of 1319 miles, and 2.13 miles of Issie* 
oaed totntly: 776 miles operated Independently fora* 
a, tnetadlag the Calgary A Edmonton RK |se V. 62, 
ng the whole system on January 1, 189. T.iM'.t miles, 
MMaa In trarac retaras. 

the Mtaaaap. St. P. A Sault 8te. Marie (1 , 1 75 miles) com 
93. affording a direct route from the West tost. Paul and 
' ' ' '- Oulath South Shore A Atlantic, 584 miles, 

ton. 100 rolles-whlch see. 

. ETC. laonrporated F.- . under charter from Do- 

fnasli, receiving 825.OOO.OOO ID cash as a s.il.i.ly, also 
'acres of land, all to be dt for sottlomaafc Fhe Ontario 
MoaMal to Toronto Janotioa, 884 miles, was leased InUM 



, yean, and IU took aad bonds guaranteed. In July, 1800, 
the New Brunswick Ry. for 09O yean.-(8ee V. 51. p. 113.) 



hjf .' 

leased tl ..__.,. , 

STOC*. The company Bought of the Dominion Government an annu- 
ity of 3 p. e. per annum oa the stock for the ten yean 1884-1898, the 
U **P* T ~! B * having boon made In August. 1893. Preferred stock for 
$8.000.000. to bear 4 per cent Interest aad be non-cumulative, was au- 
thor! led by stockholder. May 10. 1893, for tniprov. and equip. ; but only 
41.570,000 of tail Issued M July, 1806. 



DIVIDBXM paid Oa common In 1983. 24 per cent; In 1884, 5; la 
1885.4; from 1886 to 1889 Inclusive. 3 p. o. yearly; from 1890 to 
fa. 9 per cent yearly, but only 2 per cent of it from 
; la 1* 



per c 

Ken.. 2> P.O.; Aug., 9>t p. o.; in 1895. none: In 
Oot " - -- v - 3.P- * On frtftmd from 



A- - -- . 

to October. 180A, at rate of 4 p. o. per annum. 

arraBB STOCK. OUABX*TI> Bovoa, ETC.- In May, 
1888. tao oompany reUaaulshed Its exclusive right to operate In Mani- 
toba lines to the International Bound 



guarantee of interest on 
a lien on 15,444.900 a 



undary, receiving 

$15,000.000 of 

res of land subjec 



too Dominion Gov- 



. . 

land subject only to $3,426,000 



, 

laad crant bonds of 1881. which are redeemable at 1 10 
As to oaigt< 0-itmmrs Hoc* see V. 63. p. 



Wt *-> If. *AO, 

hold against It Doe. 31. 1899. sec V. 62. p. 639. 
lost frurimtt 9 par coat loan, maturing In 1902 and 19O4. was 
in 1804 at 4 1*0 par oent (aTerage rate) payable In two equal 
Match 1. iftsYaad March l7l9O6. 



_ 

In Juno. 1800, company agreed to ywaraaMs the principal and inter 
est of $20.000.000 4 per cents, to be Issued br toe Dulutfi South Hho 
* Atlaaue; also 4 per cent Interest on bon.U of the Minneapolis St. Paul 



be Issued br the Duluth South Bhor* 
t on bonds of the Minneapolis St. Paul 
.50,p.874;V..51,jp,.839;V L 2..p._6O8.) Of 

Maine, 
yeartul 



the DaL 8. 8. * At coasols It owned Jan. 1. 1896, $14.923,000. 
T* the AlU*Ht 4 .VsrMtMs/ BaUroad. crossing the State of 
toe Dominion Government grants a subsidy of $186.000 per 
1008 aad Canadian PadBo guaranUMs the balance of Interest m< 



MM ana t.amamaa Paetflc guaranUMs the balance of Interest money. 
M. Lutrmtt * Odsusa bonds are endorsed with the Canadian Pacino's 



of a 000 yean* lease at a rental sufficient to pay 4 per oent 
Interest os bonds, and the bondholder.' agreement to accept Interest 
at 4 per cant (Instead of 6 per oent as formerly) . and to refrain from 
demanding payment of principal during continuance of lease ; the ma- 
turity of the bonds Is June 15, 1910. 
The Kt* trmtmtt* fuilitmi sonsoHdBtoa debenture stock has 



t guaranteed by a P.; Interest on the Bnt mortgage bonds, 
not guaranteed. Is paid oat of rental under 99O year lease. 

LAXDa.-Laods unsold Dec 31. 1895, were 16.027.32O acres of Can- 
adlaaPaotaecrantandl.l3O.216aores of Manitoba South Western grant 
aad 19O.OOO aoros of Columbia and Kootenay grant. Total sabs In 
1809, tram both grants, were 61.076 acres for $199,280, against 49,467 
aeres for $199.631 IB 1804. V. 62. p. 639. 

GIMIBAL Fimxciw.- In addition to 3 per oent dividend guaranteed 
by Government In 1119 i percent and tlinn till Auvuxt. 
oent yearly wan paid oat of earnings. In IH'.IS tsiineil <il.O74.ooo onns. 
deboataTS) stoek. As to preferred stock see a preceding parairrapn. 
Divtdaaas on preferred stock at rate of 4 percent have been regularly 
paid. Vo dlTldends were paid on common stock in 1895 hut In 1496 
I'tp.o. was declared pay able April 1. (V. 62. p. 319.) In July, 1890, 
4 per 



paid. Vo dlT 

I'tp.o. was 

452O.9OO debenture 4 per 

$45347,843) was Issued to retire a like amount of Mlnneapols A Pacific 



, , 
oent stock (making the total outstanding 



5s. thus reducing axed charges. V. 63, p. I Hi. 

Kis.itrwos.-ll months, 1 1896.. .Gross. $18,755,726 ; net, $7,183,149 

Jaa. 1 to Nov. 80. J 1895. ..Gross, 17,016,420 ; net, 6.606,486 

AJnrOAj. RSI-OUT. Fiscal year ends Dee. 31. Annual meeting Is held 

at Montreal oa the flnt Wednesday In April. The report for 1895 tn 

full was in V. 62. p. 632. 637. Bee also editorial p. 661. 

r*ev ensN** **. 81. 1889. 1 1 1808. 

titles operated December 31.. 6,444 6,844 6.327 

earnings ............ 84.683.134 84.840,412 $5.656,205 

............... 11.877.852 11,445,378 12.67a.O75 

miscellaneous 2.38O.047 2.466,377 2,633,037 




$18,911,037 

11,460,089 

oper. exp. to eanTgs. 60-5O 



$18.752.167 
12328.859 

r, . 7:. 



$20.962.317 

13,220,901 

88-07 



Net earning* 

Interest received. 



$7.480,952 $6.423,308 $7,741.416 
552.912 333326 209,863 



Fixed charges 

Contingent Interest. 

Um.l.-n.l- ... 



$8.033,864 $8,757,134 $7,951,279 
$6,659,478 $6,589,379 $5,338,597 



........ 

1 .231,060 n)0 2,275,000 



Balanne .nr. $142,426 df.$2.4OR,692 $337.682 

(V. 62, p. 632, 034,637,661,^71; V. 03, p. 1 Hi, 268, 1158.) 

Cape Pear A Vadkln Vallcr By. In operation from Wilming- 
ton, N. C.. to Mount Airy, 248 miles; branches to Bentiettavllle, etc., 
00m.; total. 334 miles, of which IO m. Uased. Mostly 50-pound steel. 

RacBiVKR. Mar. 31,1894, Gen. John GUI was appointed receiver. 
Foreclosure suit pending. Onlnr for Hale expected In February, 1897. 
The earnings by dlvlnlons as shown by the report to the Master In 
July, 1896, were In V. 63, p. 75 ; see also V. 63, p. 153. 



INVESTORS' SUPPLEMENT. 



[VOL. LX1V. 




!i First mortgage. 

to Block! 9 p. c. rental D. L. A W 
... *r. . ?^UtM. Atcn. A P. P. RR.. gold., c 
Fund Int. (mort.) bds. (coup, held In trust) gold.o 

SK3.ygSSKX stocffce uxii 

t.* morttf.ure . 

W.W boS7$00.000 



H. T.4 V*.rn-lst mort. f l.OpO.OOp. gjs* 
(Mistook ($411,550 of this Is preferred). 
. 1st*. (for$a,850.000> nowUUIen, gold..c 

Ofnlrnl /rf/e-8took for $68.000,000 

lit M.. er. A. ext 1895, subj. to call, gold, 5s. 
Ber. B, C. D ext. '96, MiMeot to call, gold. 5s. ; 
fteriM B. g., old 6s ext. '96. subject to call, 5s. 

Serte* rto I, Inclusive, gold (see text) 

Ut M. B. Joaquln Val. Br. g.(s. f.) not drawn 



34 
100 
100 
100 



99 
99 



137 



140 

598 
146 



1885 
1885 

1865 

IS71I 
66-7-8 



1886 

- 



1892 
1886 



\ isc-, 
}1866 
j 1867 
U68 

1S70 



Amount 
Outstanding 

.*2,<><>o,ooo 

15'-',OOO 

3.OOO.OOO 

fiO.IMMI 
1. -,0,000 



1,000 
1,000 
1,000 
1,000 
50 

500 Ac. 
500 



"so 

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

1,000 

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



Rate per When Where Payable, and by 
Cent. Payable Whom. 



2,OOO,OOO 
1,100,000 
300,000 
1 35.OOO 
3,200,000 
1.3OO.OOO 
230.5OO 
500,000 
50,000 
238,000 
589,110 
1,600,000 
630,000 
1,600,000 
3,949,102 
2,000,000 
1OO.OOO 
242,000 
2,860,048 
2,500,000 
67,275,500 
2,995.000 
3,383.000 
3,997,000 
15.508,000 
6.080.000 



INTEREST OR DIVIDENDS. 



4 (6) g. 
4(6) 

6g ' 



J. A J. 

J. A J. 

J. A J. 

A J. 

A J. 





5 g. 

6 g. 
5 per an. 

6 

7 

5 

6 

9 per an. 



ligin'96 
5 
5 

5 g. 
See text. 

41flg 

1 per an. 
5 (6) g. 
5 (6) g 
5 (6) g. 

6 g. 
6 g. 



See text. 
N. Y., Atiantic'Tr. Co, 



A J. 
A D. 
A J. 
A J. 
(t) 

A A. 
A A. 

A"A. 

A A. 
A J. 

A N. 

A N. 



AO. 

A O. 
A J. 
A J. 
A 8. 
& J. 
A J. 
A J. 
A J. 
A J. 
A O. 



pal.When Due. 

Stockt Last 

Dividend. 



In default. 

New York City. 

N.Y.,Grand Cent.8tat'n 

Philadelphia, Pa. 
Philadelphia Co.'s office 
Phila.,PhiIa.ARead.Co. 
Phlla., Phil. A Read. Co. 



C'skill.N. Y., Tan.Nl Bit. 
Divid'd pd. July_31,'96. 
New York, 52 Wall St. 
Nov., '93, coup, last pd. 
Nov., '93, coup, last prt. 
U.S. Treas., at maturity. 



Boston biflce A Int. Tr. 
Boston, 53 State St. 

New York, 54 Wall St. 
See text. 

Sopt.'96. pd. when due. 

N.Y.,8.Pac.Co.,23Br'd. 
do do 

do do 

do do 

do do 

do do 



July 1. 1920 

1920 

1910 A 191R 
Jan 1, 1927 
Jan. 1, 1927 



July 1, 1941 
Deo. 1, 1981 
July 1, 1931 
July 1, 1898 

D'c 18,'96,3i< 
Feb. 1, 1900 
Aug. 1, 1902 
Aug. 1, 1929 
Aug. 1, 1905 
Aug. 1, 1915 

Jan., 1897. 4% 
See text. 
See text. 
189G-1898 

Dec. 1, '96, %% 
Oct. 1, 1906 
Oct. 1, 1906 
Jan. 1, 1943 
Jan. 31, 1896 
Sept. 1. 1930 

Jan. 1, '97, 13% 
Jan. 1, 1898 
Jan. 1. 1898 
Jan. 1, 1898 
Jan. 1, 1893 
Oct. 1. 1900 



OoMnrrTKES. Firtt Mortgage Baltimore Committee W. H.Blaokford, 
H Perot John A. Tompkln*, Frank T. Redwood, Basil B. Gordon 
ITMlileiBlorf ; depositaries, Mercantile Trust & Deposit Co. of 



BStt^ or Farmers' n A Trust Co.. N. Y. V. 58 p. 1034 
jE*jr.ra " *ri A"-* tf'" fork Oommtttee.-C. A. Low 




RaOBOAifiZATioN PLANS. The plans of the two committees were com- 
pared In V.61, p. 1153, see also V 1 . 1, p. 830 and V. 62, p. 39, 232. The 
Sew York plan provide* for a rental from the Southern By. equal to 

iterest on at least *1,500,000 bonds ; the Baltimore plan suggests an 
Interest guaranty by the Seaboard Air Line on all the bonds to be is- 
sued. I. e.. $3,900.000. 

STOCK authorized, $3,000,000; outstanding, $1,972,900, of which 
July 1, 1892, North 8Ut Improvement Co. held $ 1,608,000. 

AmtUAL REPORT. Fiscal year ends June 30. For 1894-95 gross, 
48WI87- net!*77,4i;3; charges, $207,466 ; balance, dettclt, $130 043. 
1895-90, gross, $553,031 ; net, $ 85,021 ; taxes and rents, $24,614 ; 
balance, $60.407. (V. 61. p. 41, 180.) 

Carolina Central HK. Owns from Wilmington, N. C., to Ruther- 
ford ion, N. C., 267 tulles, of which 2>s miles (the Wll. R. Bridge) owned 
lolntiy Sold In foreclosure May 31, 1880. Controlled by Seaboard A 
Boauoke ana Raleigh A Uaston. Capital stock, $1,200,000 ; par, $100. 

BONUS. In August, 1894, the Seaboard Air Line guaranteed 4 p. o. 



annum for 5 years on the tlrsts, giving nou-oum. 5 p. o. Income 
p for the remaining 2 p. o. V. 59, p. 331, 600. There are also 
$32)000 Wilmington Railway Bridge 1st mort. bonds ($35,000 were due 



sur. $68,056 
def. 1S,269 
def. 319,436 



per ; 
crip 

$32.000 Wilmington tuuiw_, 

on October 1, 1896), due Oct. 1, 1897, guaranteed by Carolina Cent., 
WU. Col. A Aug.and Wil. A Weldon. A oonsol. mort. for $250,000 (5s, 
1943 ) upon the bridge wns authorized in 183 to retire the Ists as they 
mature, eto. Current liabilities June 30, 1896 (net), $172,847. 

KjLBIDioa. In year ending June 30 earnings have been as follows : 
(Iron. Net. Oharget. Balance. 

189596... $587,695 $185,138 $117,082 

1894-95... .. 508,001 94,758 113,642 

1893-94 490.289 105,008 424,444 

-(V. 58, p. 1109; V. 59. p. 28, 228, 331, 600.) 

Carolina A Cumberland Gap Ky. Road from Alkeu to Edge- 
field, S. C., 24 miles; projected to Abbeville, 42 miles additional. A 
reorganization Jan. 1, 1897, of the Carolina Cumberland Gap A Chi' 
cago, fold In foreclosure In 1896. Capital stock, $340,000; par, $100- 
Mortgage la for $210,000 currency bonds securing $60.000 prior lien 
5s and $150,000 Income bonds : bonds are sunject to call at par. 
Trustee, Atlantic Trust Co., New York.-(V. 62, p. 1176 ; V. 64, p. 81.) 

Carolina midland Ky. See GKBEN WOOD ANDERSON A WESTERN. 

Carolina A \orlli\volerii RR. Narrow gauge road from 
CbMter. 8. C., to Lenoir, N. C., 109 miles, of which 9 miles Is trackage. 
A reorganization In January, 1897, of the Chester A Lenoir, sold in 
foreclosure. Mortgage Is to be for $450,000, of which $100,000 are to 
be oed to build a line from Newton to Hickory, 9 miles, now run over 
Southern By. tracks. President, G. W. F. Harper. (V. 64, p. 180). 

C*rtbaa-e4c Adirondack Ky. f ve Map If. T. Central.) Owns 
from rarthage to Newton Falls, New York, 46 miles. The entire stock, 
$500,000, Is owned by the New York Central RR., which In April, 
1893. leased the property In perpetuity and guaranteed Its $1,600,000 
of new 4 per cent*, of which *5OO,OOO were reserved for Improvements 
or extensions If desirable. (V. 56, p. 502; V. 57, p. 218.) 



Watertown <k SarKrii - Harbor RK._ (See Map 
1T.T. Central.) Owns from Carthage to Sackott'sHarbor.N.Y., 29 miles. 
Controlled by N. Y. Central, which owns 483,3OO of the stock and 
guarantee* the bonds. Leased to R. W. A O. for 37"a p. o. of cross 
Rental In 1895-96, $37,421; In 1894-95, $36,764. Capital 
5,845 common and $2 1,500 preferred. 



CatawUca KK. Owns from Tamanend, Pa., to Wllliamsport Pa 
$$*mUea,and branch. 4 miles. LeasedNov. 1, 1872, for 999 years to Phi]'. 
* Beading, now controlled by the " Reading Co." Lease modified in 
DeeemiMT. 18i>6, and rental IK now Interest on the bonds, 5 p o divi- 
dend* on the preferred stock and $8,OOO for organisation expenses. 
$ee also V. 63. p. 969. 1116. Funded debt was assumed by lessees 
Of the preferred stocks $2,200,000 Is first preferred. Common stock' 
$1.159.5OO; oar $50. V. 63, p. 924, 969. 

i in. kill fountain Railway. Owns narrow-gauge road from 
CaUklll. up the CaUklll Mountain, to Palenvllle, N. Y.fl6 miles * leases 
Cairo RR.. Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles 
Beortantzatlon after foreclosure of June 15, 1885. Stock, $Si) ooo ' 
par, $100. Boxim. There are also tecond income* for $15 600 6 i> o 
Flrt Income, have one vote for each $100. EARNINGS.- Year ending 
Jane 30, 1896, grow, $56.986; net, $16,577; surplus over charges 
$10.581 : dividend on 1st Incomes, $1.344. In 1894-5 gross. $45,982 ' 
net, $13.230 : Mirplusover charges, etc., $6,930, from which July 31 
1890, paid dividends on 1st Incomes amounting to $6,186. 

Cayuira * Siicqnrlianna KK. Owns from Susquehanna River 

to Ithaca, V \ .. :t mil.-*. Leased during length of charter and renew- 

- 10 tho Ix-lawnn- Lnrkawa,,,,,, ,V Western at a rental of 

$54.600 a year. Under terms of lease (which expires Jan., 190O) tlio 

Cayoga A Susquehauna " at least two years prior to the expiration of 



lease ' shall and will make application to the legislature of the State of 
New York for an extension and renewal of the charter." 

Cedar Falls & Minnesota RR. Purchased by Illinois Central 
at foreclosure sale, 1896, and merged into Dubuque & Sioux City. 

Central Branch Uulon Pacific Ry. OwnsrromAtchison, Kan., 
to Waterville, Kan., 100 miles; leases Atehlson Colorado A Pacific, 255 
miles ; Atohlson Jewell County A Western, 33 miles ; total, 388 miles. 

ORGANIZATION. Leased to Missouri Pacific for 25 years from Sept. 
30, 1885 : rental, net earnings. Accounts payable Jan. 1, 1896, 
$2,276,841 ; interest on Government loan accrued and unpaid Jan. 1, 
1897, $2,131,660; principal is $1,600.000, of which $640,000 was due 
Jan. 1, 1896, $640,000 on Jan. 1, 1897, and $320,000 on Jan. 1, 1898. 
May, 1894, and subsequent coupons remain unpaid. 

STOCK. $1,000,000 (par, $100), of which Un. Pac. owns $874,200. 

BONDHOLDERS' COMMITTEE. A. A P. P. First 6s and Cent Br. 7. 
Simon Bnrg, James M. Ham, Edward H. Ladd, Jr., and Giliner Clapp 
request deposits of bonds with Union Trust Co., N. Y. In May, 1896, 
a majority of the bonds, exclusive of Government holdings, had been 
deposited. V. 62, p. 588, 908. Foreclosure pending. 

EARNINGS. On 100 miles. J 1896 gross, $395,708; net, $180,050 

Jan. 1 to Nov. 3011 mos.(1895 gross, 298,915; net, 86,631 

In year 1895 gross on the 100 miles Atohison <& Pike's Peak were 
$344,770 ; net, $74,708. In 1894 gross, $376,160 ; net, $91,760. For 
earnings of leased lines see Atch. Col. A Pacific. (V. 62, p. 908.) 

Central Massachusetts RR. Owns North Cambridge to North- 
ampton, Mass., 99 miles. The stock is $7,419,202 (par $100), of which 
$3,949,102 is preferred and controls the company until 8 pel 
cent dividends shall have been earned thereon In any one year. DIVI- 
DENDS -On settlement of certain accounts with Boston A Maine 
u dividend of IJa p. o. was declared on preferred payable Jan. 2, 96 ; in 
June, '96, paid ;< .i p. o.; Dec., % p. o. Leased to Boston A Lowell for 99 
years from October 1, 1886, at a rental of 20 per cent of gross earnings 
up tb $1,000,000, but with a guarantee of sufficient rental to pay in- 
terest. For year ending March 31, 1896, gross earnings were $788,177, 
against $725,344 In 1894-95 and $654,040 in 1893-94. (V.61, p. 1106 > 

Central N. Y. & Western RR. See SUPPLEMENT, Oct., 1896. 

EARNINGS For year ending June 30, 1896, gross, $70,683; net 
$9,837; other income, $54; interest and taxes. $16,163: balance, 
deficit, $6,272. In 1894-5 gross, $71,395; net, $3,960. (V. 63, p. 399.) 

Central Ohio RR. Owns from Bellaire, Ohio, to Columbus, Ohio, 
137 miles, of which Newark to Columbus (33 miles double tracked) is 
owned lointly with Pitts. Cin. Chic. A St. Louis; operates branch, 7 miles. 

Leases of Columbus A Cincinnati Midland and Sandusky Mansfield & 
Newark were assumed by B. A O. On June 30, 1896, the B. & O. owned 
$376,830 Cent. Ohio common stock. 

LEASED to Baltimore & Ohio till 1926, with option of renewal; rental, 
35 per cent of gross earnings, with minimum guaranteed of $166,000. 

In 1896 Court ordered net earnings applied to interest on bonds. It 
is said that $1,000,000 is due the Central Ohio from the B. & O. under 
the lease See V. 64, p. 82, 133, 180. 

Stockholder? Committee. Basil B. Gordon, J. H. Rieman and W. H. 
Conkliug. V. 64, p. 180. 

See description of mortgage, eto., on p. 6 of INVESTORS' SUPPLEMENT, 
April, 1896. Coupons due March 1, 1896, were purchased. (V. 62, 
p. 455) but subsequently paid by B. & O. receivers on June 9. Sep- 
tember, 1896, coupons were paid when due. V. 63, p. 356. 

DIVIDENDS on common stock since 1880 have been: In 1881, 6i 
from 1882 to January, 1896, both Inclusive. 6 per cent yearly ; no div- 
idend was paid In July, 1896. V. 63, p. 188. 

EARNINGS. In 1895-96 gross, $1,199,104; net, $152,985; rental, 
(paid only In part by lessee), $421,260; taxes, etc., paid by lessee, 
$33,346; bal.. loss to lessee, #301,621. In 1894 95 gross, $1,096,602; 
net, $206,833. (V. 63, p. 188, 1OO7 ; V. 64, p. 82, 133. 180.) 

Central Pacific RR. (See Map of Southern 1'aciflc.) ROAD. 



Miles. 

Branches to San Jose, etc 35 

Trackage 

Northern By,, Main Line 6 

Union Pacific into Ogden.... 5 



Lines owned Miles. 

Sun Francisco, Cal., to near 

Ogden, Utah 872 

Lathrop, Cal.. to Goshen, Cal. 146 
Roseville Junction, Cal., to 

Oregon State Line 296 

Total 1,360 

LEASE. -In March, 1885, leased to Southern Pacific Company. IB 
Dee., 1893, lease was so changed that henceforth the Central Pact tic 
stockholders should receive dividends only if earned. (V. 58, p. 819.) 

In March, 1895, Mr. Huutingtou undertook on behalf of the Southern 
Pacific that the Central Pacific shareholders should receive a minimum 
dividend of 1 per cent, guaranteed by the *o. Pac. the first payment 
of ig of 1 per cent to be made on July 1, 1895, and the second payment 
Jan 1, 1896. That the same rate of dividends shall be continued until 
satisfactory legislation has been obtained for the adjustment of the 
debt to the Government, when the dividend will be increased to 2 per 
cent for a guaranteed period ol two years. (V. 60, p. 1144.) 

SUBSIDY. Interest Is not payable on subsidy loan till the bonds 
mature, but the" Thurman" act provides for payments yearly to the 
sinning fund. See V. 50, p. 276. Jan. 1, 1397, principal due Govern- 
ment on C. P. loan was $25,885,120; interest, $34,904,970; on Western 
Pacific loan, principal, $1,970,560; interest, $3,195,919. Par value of 



JAXUAXT, 1807. | 



KAILKOAD STOCKS AND BONDS. 



boerikera will confer m great favor by giving Immediate notice of any error dUcovered In these Table*. 



HAILROADB. lMHe.tD.te 

fnroxplaflaOoBof column heading*, Ac.. ee note* of of 
on ant page of table*. I Road. Bond* 



Size, or 
Par 



INTEREST OR DIVIDENDS. 



Amount 



Bate peri When 



r*r r\... .... . "MH" lcr T, iit-u 

Value. Outetandlng cenr Payable 



Ctntral PatVlt(C<meltuicit>U. 8. Loan (2d lien). 
do do 



Bond* Princi- 
pal, When Due. 
Where Payable, and by Stock* Lait 
Whom. Dividend. 



do 
do 



Weot-Pae-.Baa Joe* to BrIibton.CaL. jwrte. A.g- 

do *erte* B, lit M., to Oakland, gold 

do Government lien. gold. 

CaL A O. l.t M., aer. A. g. (exte-d) ) . f. yearly. 
Do do aer. B, g. (exte'd) (not drawB.. 

Land grant l.t M.. gold. guar.. extended la 1890. 

Mort. gold 6*. UWCMTgr. a.J, not drawn 



737 
737 
737 
737 
737 
ISB 
24 

Lfi 

396 



1-.;-. 
1-,,,; 
1867 



Mort. gold. 3*. 1939. Id. gr..guar. .. f., not dr-n c 
Ofnt. pi *Vif.-Wllk~bl A WeU. 1st M.. g c| 

. . .c* 

B**W 
..'.'.'.'..ft* 



1,360 
31 



Of.*/C(or**> 

fV < .ioL T nSrSaVe. $18^06.000, gold . 
MobUe DlTtoJon lit awrtgage ($f.OOO.OOO)...g.c> 
Macon A North. Dlv. l.t mort..$64O.OOO.gold.c- 
Mid. Ga. A At. Dlv. lot M...ooo p. m.(aee text) 
Interest up to 5 p. c.. 



.91.000 

1869 1,000 
1867-9 

1868 1.000 
1872 1.000 

1870 1.000 
1886 1,000 
1889 1,000 

1.000 



let pref.. 
3d 



& t ~B m \ 

Sd do Ml 

^*** ^2M3**r 



If 



. 

at 110.0- 
..e 



312 

1,119 

124 

1O6 

65 



t *, . 

OeeanSB. Co. 1st mortgage, gold, guaranteed. 
Augurta A avanah *Toek tno bonded debt) 
Southwestern of Georgia .took (BO tinoitli de 



Southwestern of Georgia stock (BO 

^'-"iZiszMssr 



Long Br. A Boa 



:'" * 

;.':'i'-7i 

J vort.lntortoeitiu'i907 
1st m.. Hlghl'd* to L. Br.c' 



33 



:- .-. 
1MB 
IBM 
1895 

: tin 

IBM 
1MB 

1MB 

1"7 
1890 



iHi 

1883 
1869 



l.OOO 
1.000 

! .' ~ . 

1,000 

0QQ 

1,000 

1,000 

1,000 

1,000 

100 

100 

100 

1.000 

1.000 

1,000 

1 .... 



$2,362,OOO 
1,600.000 
2.112,000 

10,614.120 

9,197,000 

1,970,000 

769,000 

1,970,000 

5.982.000 

4.358.000 

2.596,000 

56,000 

12,283.000 

I.J. '."< 

5,000,000 

7,000,000 

16.500,000 

1.000,000 

840.000 

520.000 

4.000,000 

7.OOO.OOO 

4,000.000 

4,880.000 

1,000.000 
1.022.900 

.'..191,100 



6 g. J. A J. United States Treasury 

6g. J. A J. do do 

6g. J. A J. do do 

6g. J. A J. do do 

6g. J. A J. do do 

6 g. J. A J. N.Y.,8.Pac.Co.,23Br > d.| 

6 g. J. A J. do do 

6 g. Various United State. Treasury. 1 

5 g. J. A J. N.Y.,8.Pac.Co., 238^0.. 

5 g. J. A J. N.Y..8.Pao.Co.ALondon 

v A O. X.Y.,8o.Pae. A London. 

6 g. A. A O. do do 

5 . A. A O. N. Y. A San Francisco. 

J. A J.July ,'94, int. to be adj'd. 



5 

5 

5 

5 

3 

fpt.. 
i -pi.. :. 
rjytaB 

5 g. 



Jan. 16, 
Jan. 1, 
Jan. 1, 
Jan. 1, 
Jan. 1, 
July 1, 
July 1, 
1897 A 
Jan. 1, 
Jan. 1, 
Oct. 1, 
Oct. 1, 
Apr. 1, 
July 1. 



1895 

1*!I6 
1M!7 

1898 

1899- 
1899 
1899 

1S!>9 
1S1H 
1918 
19OO 
1936 
i:>:<9 
1926 



F. A A. i N.Y. Guaranty Trust Co. Nov. 1, 1945 



M. A N 

J. A J. 
J. A J. 



o 
do 
do 



Oct. 1 Oct. 1. '96, pd. m p. o. 
Oct. 1 New York, when earned 



Oct. 1 



do 



do 



M. A N. . Y.. Guaranty Tr. Co. 



J. * J. N.Y., Guaranty Tr. Co. July 1. 1920 
J. A J. Savannah, Oa. Jan..'!i7,'J~ ~ 

J. A J. Savannah and Maoon. Jan.,'97,2 



Nov. 1, 1945 
Jan. 1, 194ft 
Jan. 1. 194ft 

1947 

NOT. 1, 1945 
Nov. 1, 1945 
Nov. 1. 1945 
May 1, 1937 



22.497,000 3 In 1896 Q,-F. N.Y.Ot, 143 UbertySt. 



1.167.000 

3.836.000 

465.000 

197.0OO 



M. r. 1. ft .VM., ftW AJiWOTHO*. 

M. A N. N. Y., Liberty Nat. Bk. 



Q.-J. 
M* N 
J. A D. 



|o 

E 
B 



to 
,i.. 

G 



Feb.l'97,l>%. 
Nov. 1, 190, 
July 1, 189? 
May 1 190 fl 
Deo. 1. - 



In U. 8. .Inking fund Jan. 1. 1896, 
T*ated. $736.127. ~- " 

tr.ti.-i-T-. i- m M 



$5.633. OOO; each nnln- 
tlm* agaln*t the U. 8. for 



1- : 



UM 

v 



1MB 



IMS. 1B97. 

1 p. e. Jan., 4P-O. 



IDBDO-)18eB-' 
Per cent. ( 2 per ct. 
Bo*ua.-Of tbejlr* mmtfUft 6t o/ itH^t, Borto. A to D. anregatlag 
M.*78.000. eover the road aad ffaaebloM from BaeraWnto to the 
California state Uae. 14O mile*, and Borto. * to 7. aggregating $19. 
SO3.000.eoTertheroadaa4fraachl*eefromthe8tatoUBotoavemllei 



July 1. 1893 laeo T. 63. p. 1O86I and at 
of ft.) extended from July 1. 1896. aBd 
1. 1**7. to Jan. 1. IBM. B/ per ooBt, . 



York beta* tnutee. (V. 49. p. 34O.) of the 
are iaiiird to rattr* at maturity any 
$2.750.000 can be 




MeMMklp rt $1.78M.OOO Uualemala Central RK. ttnt 6*; al*o 
otter owulUea aad $498.707 IB eaaa. 

LAUD OBAVT. -Total laad graat wa* abovt 13.OOO.OOOaere*. of whlea 
abe*tl I MO I OOOaera*had baoa oald I* Deeeaibar 11. 1894. Sale* IB 
1893. 2M.092 aerw; iBiillllai. 187^*8 aera*. Laad eootrmct* on 
aaad' Jan. 1. t$M7$Ml.l3$t aoM* of OoBtral PBOUU R&. $4OO.OOO. 
EAB^IBOO.-!! montlia. / 109*1 ...Mroa*. $11.304^41 . Bet, $4.419.839 
JaB. 1 to Mov. aa Ue6....'iroM. 12.OO8.766; BO*, 4.4 

A*i:ti. lUrorr. -Report for 1895 wa* gltea M lOBftk In Y. 62, p. 
1083. 1096. .bowing earning! a* follow*; 

rMrraWiofDw. 31- 1MB l-<t 1MB 

Orooo oaralag* 13.O45.o57 $13.11$^49 $14.319.9OH 




loKufaola. Ala. 
lo OraoBvlllo, OB. 




Total $13.214^35 $12.973.6VI - 

orpin* over argil for year df $168,678 $144^93 $784.717 
<V. 63. p. 116.967, 10011. flit. 113* V. 64. p. 133, 136.) 
. ,,ir.l ..rueorgla Mall way.-< AX Jfoj-Bylom Include*: 

r ./*. MUtt. I Limit*** Mil" 

- I Bouth western of Oa. RR 3:13 

Maeoa to Columbus . 1O1 

Fort Taller to Perry 12 

Fort Taller to Bafaula..... HA 
Bmltbvllle to Columbia. ... 85 
Cnthbert to Fort Oalnes... 2O 
I Aogosta A Hav.nnah RK.- 



sWKnr to 

BarBoovtUo to 1 



i JVoorV Ln-Up*on O> KK. 
)tboma.ton.. 



M 



Euf aula to fnark 

UrlfflB to OBrroUtOBi '.'.'.'. ..... 

BvaBBah to Tybee 

StaBtboa to Beartgnt 

BBtBlflVTt llo t Go /., Oft* V 

. i O^*MMI StOBkflMblp Company, 
Total owned (aad oporMiM.124 I aated eqnl r alen t of . 3OO 
In addition own* IB foe Mel.lrlm to I.yoas. 06 mile*, now leased to 

CJoarfla A Alabama RR.. making total mileage owned, 1, 182 mile*. 




:.- 




>ny relation* with the Georgia RR. (which *ee) have 
lilJan..-97) The Uae troai Lyona to Weldrlm. 58 mil**, 

wa* taooad la April. IBM. to Ooorcte * Alabama. -V. 62. p. 456. 
The line from MUlodmvUlo to Oortacton. Oa.. fnrmerlv the Middle 

Oa. A AUaatle wa* pofSVuKI IB Dee.. 1896. T. 64. p. 82, 18O. 



M.--n Jlrtt mr1fmft of 1495 Ideoerlbed In V. 63. p. ll'IO) la 
Mm OB the mmtn Ibu from Atlanta to iavannah. In. lu 



inlinit the 




wa* (iToala fall In V : I. ,.. 11*0. 

mmiUMtit morituft (*M ab*trart In V. 61, p. H7:i. alo *ee 

i a Jlrtt Urn npon 31O mlle [Inelndlng 

HUWVUI RR.. Kav. A Wcwtern and Har. A At).,; ul" nn 

I of the *>ath Woitern an 1 Augarta A Movannab road* and 






OBI 



the itock of New England Steamxhlp Co., and a iteond lien upon the* 
main line, lu equipment, etc., and also on the Maoon A Northern and 
MobUe A Olrard. It alao cover* all leasehold*, eenrltle*. etc. It may 
be Inoreaeed f3.OOO.OOO from $16.500,000 to $18,50O.OOO, at the rate 
of not more than $5OO,OOO In any one year, for betterment* and for 
equipment. The eoiuoUdated bond* are the only fixed charge obliga- 
tion covering the entire lyitem. Tnutee. Mercantile Trust Co. of N. Y 

XoeUc Kftnun bond* are direct obligation* of the Central of Georgia' 
Ry.. eeared by a flnt lien on the former Mobile A Glrard RR., Colum- 
bu, (ia., to Searlght, Ala.. 122 mile*. 

if aeon 4 .ToHArrn Oi >uio* bond* are alao direct obligations of the 
Central By., with ttnt lien from Maoon to Athens, Oa.. 105 miles. 



Viddfe Oewyta 4 AlUmtic IHfitio* bond* are l-sued at $9,000 per 
nlle. of which $8.000 wa* for purchase of road and $1.OOO retained 
by Cent, of Oa. for bottermenu. V. 64. p. ISO. 

The mnftmtt ittetm* tondt, *ubject to the prior mortgage*, eover 
the main line and too former Bavaanab A Western, Columbu* A Rome 
A Kufaula, Mobile A illrard. Maoon A Northern and 
i Atlantic RRs.. aad their equipment, etc.; alao all 
iiomtlU.. and equities of properuea aequired by the new 
Tbo> are Boa-cnmnlatlve and bear Interest not exceeding 5 
per oeat In anr uue taeal year, but pa/able only out of net earning* 
a* itt.lar.it aad aeearad by the deed of tnist. On l.t preference In- 
come* paid 1 s p. c. I n Oct.. 1898.-V. 63. p. 601. 
Oillotoiit <nx mortgage abstract wa. In V. 45, p. -J U. 
LiTBtT Ktunxot, 5 mo*., < 18*6.. Oro*, $2.260,056; net, $853,563 
July 1 to Nov. 3O. (1895. .Grow. 2,365,216; net, 883,056 

.1. Rri-.>KT. Flacal year end* June 30. See report for 1895-6 
with balance aboot. etc., of June 30. In V. 6:1. p. 1160. Bee also edi- 
torial p. 1139. The flxed charges amount to $1.826,700. As the road 
wa. operated by the receiver* up to Nov. 1. 18U3 (some portion, to a 
later date), the result* above given do not Indicate the net Income 
the present company. For the 8 months .lurinic 
wa* IB the hands of the company, there w.i a sur- 



_ 

above all dxodcbargo*. out of wliloh a dividend of 1>< 
on the flnt preference Income* wa*pal<! Oct. 1. 1896. 



: ...i...f 

Average mileage'.. 1.454 

< into, earnings . ... $5,369.426 

Total operating expense* 3,450,498 

Taxea 138.989 

Net earnings from operation l.v 

Additional Income 4O7. 



IBM 

l.ll'. 

$4,991.408 
3,225.997 
_154,4'!4 

$l,niO,9t7 
273.456 



l-.M. 

i.iin 

$5.179,508 
*7A,M6 
154.474 . 

$1,649.148 
341,908 



Total, $2.167.309 $1,884.393 $1,991,056 

Deduct dencit Georgia HR. leaw 38.O65 106,264 .1.7-1 



Net tBOOBM for Hied charge*. $2,129,244 $1,776,129 $1,966,272 
OrriCBB*. Preslilnit. 11 M i ...i-r, Havinnah. (ta.; Vloe-Presldent , 
JohnM. Kga: p IIS4. 1168, 1160; V. 64, p. 83,1*0.) 

Central By. or <few Hrun.wUk.-ee V. 63, p. 116. 
Central HH. f Kew Jeraey. (Ot4 XaflRonD Operate* from 

Mterly to Wllkeibarre and 
alao south 

17 



J.-rsey City, opposite New York City, weal 
Hcranton. Pa., and the nelghborinc anthracite ooal field* ; alac 
erlr to the eaaabore reaorta along the coast of New Jersey, etc.: 
UnatoOTMrfU/M. Hilt*. Neaqnebnnlng Valley I.... 



78 

- : 



t.ntirt ttotl, 

Long Braaob A Ceaibore. 6 

w York A (nx Branch RR.. 

Perth Amboy to Bay Head.. 88 

>' Jersey Soiitli'li KK., Long 

Branch to AUlon, etc 78 

Other line* (no debt) 1 :: 



Lrlifgh A Mnsqnebabna. Phil 



., etc. 1. 172 



llpshurg to Union June. 

WliVesbarreA Boranton If 5 

Leolgb A LackawaunaTT 35 

Otherllne* 9 

AllentownTerm.(oper. Jointly) 3 

Trackage 

Union Coal RR 9- 

Pa. Pough. A Bocton 2 

OgdoB Miao Jtfci'l. .'. .'.'. '.. ~'.'.~. 10 Total operated Jan. 1, 1896.. 675 
f See this eompanr. I Bee Lehlgh Ooal A Nav. In "Misc. Companies." 
There ure 261 mile* of second and 3O mile* of four tracks. With the 
Bait. A Ohio and the Pnlla. A Reading operate* the " Blue Line" be- 
tween Washington and the Southwest and New York, I he B. A O. tracks 
being wed to Philadelphia, the Beading to Bound Brook and the Cen- 
tral N. J. to Jersey City, nee alao Leblgh A Hudson. 

HirroBT.-Chartered In 1849. From May, 1883, to Jan. 1, 1887, 
leaned to Philadelphia A Reading. Receivers were In possession from 
Jan. 1,1887, till January. 1888. Reorganized In 1887 without fore- 
closuresee plan V. 44, p. 714, 716. Operated from February to 
August. 1892. under lease by Port Reading UK. Co. Dividend* were 
resumed August. 1889. Concerning ooal properties see Lehlgh A 
re In " Miscellaneous." 

, <, '90. '91. '92. '93. 'P4. '95. '90. ,97. 
Percent. \ 6 6"a 7 7 7 5> 5 Feb., mp. o. 
- \r>rjrr**ti Kntilktrn rt carry the endorsed guaranty of the 
VOW York A Long Branoh. Central N. J. general 5s are reserved to 
item at mat urlt v. Total Issue $1,5OO,6OO, all but $411,OOO being 
i niler the Central's general mortgage. 



Wllkesbarre I 



INVESTOKS' SUPPLEMENT. 



| VOL. LXIV. 




, 17.J 



KAELROAD STOCKS AND BONDS. 



93 



MAP OF THE 

CENTRAL RAILROAD 
NEW JERSEY 




INVESTOBS' SUPPLEMENT. 



[VOL. LX1V 




fljral KaUnaH of .Vr Jtr 
ITJ SoTlrt M.. L. Br. to A 





3Z.ltimn?A) 






78 



40 

185 



1879 
1887 

1867 

1881 

I---' 
l-.U 



iss:t 



108 
73 




JlV-lit M.; guar." P.'A I. D.A 11. Canal 
-Jew. -Rome ACar-lton lstM.,g 



22 

138 



ISS'.I 
IS!) I 



ISM,", 




31ie, or 
Par 
Value. 


Amount 
Outstanding 




Bate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


$600 
500 Ac. 

OO'AO. 


$411,000 

4 l,r,, 14.000 
307.100 
2,310,000 


6 

eg. 


J. A J. 

Heete.Xt. 

Various 
J.AD.15 


N. Y., Liberty Nat. Bk. 
do do 
N. Y., 143 Liberty St. 
Phila., Leh.C.& Nav. Co. 


1,000 

l.ooo 
1,000 


4,987,000 
1,500,000 

1 I-J.OOO 


5 
5g. 
5 g- 


J. A J. 
I. A D. 

M. A 8. 


N. Y., Liberty Nat. Bk. 
do do 
do do 


1,000 

100A-C. 


300,000 
7,000,000 


5 g ' 


J. A J. 
J. A J. 

J. A J. 


N. Y., Cuyler, M. & Co 
July,'96,coup.last paid 
July ,'96, coupon unpaid 


1,000 

,000AM 
1,000 

1,000 


400,000 
1,750,000 
876,000 
1,000.000 


e|. 

6g. 

sf: 

5 g. 


J. A J. 
M. A S. 
J. A J. 
A. A O. 


Jan. ,'97, coup. pd. at mat 
Mch., '93, coup, last pd 
N. Y., Farm. L. A Tr. Co 
Phil.WstEndT.&S.D.Cc 


1,000 
1,000 


800,000 
1,500,000 
2.0OO.OOO 
2,720,OOO 


4 A 5 


J. A J. 

April. 
A. A 0. 


N.Y.,12 W.23 A Cha'st'r 
See text. 


50 


2,380,000 
645,300 


9 in '96. 


A. A O. 






1,000 


r>oo,oo<> 


7 


A. A O. 


Philadelphia, Peun. RB 




200 ooo 


6 


F. A A 


Plattsburg, N. Y. 


100 Ac 

1,000 


150,000 
2,O90,OOO 


6 g. 
5g. 


J. & J July, '92, coup, last pd 
M. A SjMar.,'92, coup. last, pd 


100 




5 g 


J. A J. 


New York. 




m 


5 if earn 









Sept. 1, 1938 
July 1, 1919 
Oct. 1, 1944 

1936 

Mch. 1, 1915 
Jan. 1, 1936 
Irredeemable. 
Oct. 1, 1946 
Oct. 1, 1946 

Oct. 1,'6,4% 
Oct. 1, 1901 



Aug. 1, 1907 
Jan. 1, 1916 
Sept. 1, 1937 



1925 
192"> 



* li% Ce^^ 



j on tre bu 



j on tre - 

The * rS ?LoZg Bro7* Is leased Jolntlv by the Central and the 
en? RB- t iruaranteed rental equal to Interest on mortgage debt, 

Is 



- 

cent dividends on stock and organization expenses. Its 
ee bonds are guaranteed principal and interest by the 
S? owiTall It. stock, and are so endorsed; Interest on 
ra is provided out of the reutal guaranteed by the Central 
rpenna. RR.,and bonds are so endorsed. Of the general 5s 
11.500,000 M* reserved to retire the 5s of 1882. 
UKKAL FlHAieCBS, Ac.-In August, 1835, $1,644,000 general mort- 
caire bond* were sold for Improvements, etc. V. 61, p. 324. 
KAJUTOMW.-11 months, > 1896. ..Gross, $11,634,355 ; net, $4,368149 
January 1 to Nov. 30. J 1895. ..Gross, 12,045,474; net, 4,810,696 



Mail exDreas. etc 
NY iCTDlvlslon 
Trackage 



505,064 

476,762 

92,434 



1894. 
$6,347,239 
5,273,822 
490,955 
458,440 
89,485 






6,788,543 
472,709 
485,233 
255,273 



Total groos earnings ........ $13,568,024 

Net over expenses and taxes.. $5,272,969 
Income from investment* ..... ) , 2 01 576 

Premium account. ............. 5 



$12,659,941 

$1,221,636 

i $958,247 

[ 183,150 



$14,967,956 

$5,850,904 

$888,617 

154,918 



Total net income 86,47,545 $5,363,033 

Rentals paid . $2,955,166 $1,557,356 

Interest on dbt.. 1,691,091 2,873,589 

O^rtdends. <5)1,124,850 (7)1,574,790 



$6,874,439 

$1,896,370 

2,839,279 

(7)1,574,143 



UUKX, sur. $703.438 def . $642,702 sur. $564,64T 

(V.6O, p. 889,656; V. 61, p. 280, 324; V. 62, p. 344, 3 MO.) 

Central RR. of Pennsylvania. Owns Bellefonte (Penn. BB.) 
to Mill Hall, Pa. (on Beech Creek BB.) 27 miles; branch 4 miles; 
operate* Nlttany Val. KB. and branch, 7 miles. For year ending June 
30, 1896, gross, $51.970 ; net over operating expenses, $207 ; charges 
944,053 ; balance, deficit for year, $43,846. Stock, $1,200,000. 

Central lilt, of Sooth Carolina. Owns from Lane, 8. C., to 
Sumter, 8. O., 40 mile*. Leased to the Northeastern and the Wilmington 
Columbia A Augusta BB. companies jointly; reutal $31,OOO yearly 
Stock $170,000, par $50. In year ending June 30, 1895, gross earnings 
489,454; net, $35,704. In 189394 gross. $86,698; net, $28,272. 

Central Vermont RH. Operates from Bouse's Polntatthe north 
end of Lake Chumplaln across Massachusetts to New London, Conn., on 
Long Island Sound, with branches. System includes: 

Leased Lines Oon'd. Miles 
Montreal Portland & Boston.. 4i 
Montreal & Vermont Juno... 23 

New London & Northern IT 15 

Ogdensb. A L. Chaiuplalu RR.1F127 



Total op'd (fl See these oo's.). 637 



Bntirr stork ownrd 
MontpeUer&WelUBIv. BR, .. 14 
Stanford Sheffield A Chambly . . 43 

Leased Line* 
CootoL BB. of Vt. 

Windsor to Roue's Point, etc.17!) 

Burlington * Lamollle 26 

MUtlxjuol Valley 28 

HurroBT. A consolidation of Central Vt. with the Consol. RR. of 
Vu.eto.. wa* officially reported in 1892, but apparently it was neve 
consummated, the report to the Inter-State Commerce Commission 
giving no road owned In fee. The Rutland RB., formerly leased, was 
orrepdered to IU owners May 8, 1890. V. 02, p. 868. As toOgdens 
burg A Lake Cham plain see V. 63, p. 1116. 

RBCKIVKUHIP. On March 23, 1896, Charles M. Hayes and E. C 
Smith were appointed receivers In the equity suit brought by th 
Grand Trunk. V. 2, p. 588, 634. Interest due Jan. 1, 1897, on the 
Consul. KB. of Vt. 5s was not paid. V. 64, p. 82. 

BoKDnouiKK*' COMMITTEE. Oonsol. A*. Benjamin P. Cheney, o 
Boston; Samuel E. Klluer, New York (Billings estate); Ezra H. Baker 
of Lee, Ulggliuon A Co., and Henry D. Day, of B. L. Day A Co.; do 
potlury, American L. A T. Co., Boston. V. 62, p. 634, 682, 908, 987. 

Report of expert accountant Stephen Little was In V. 63, p. 754, 

KtursjtmlsaUon Committee. Appointed In December, 1896, to pro 
Bare a plan: O. M. Hays (chairman); L. C. Lcdyard, H. D. Hyde, C. P 
fiearle, E. C. Smith, E. H. Baker (secretary .)-V. 63, p. 1062. 

STOCK. June SO, 1895. the Central Vermont had outstanding $1,000 
OOO *tock %od Consol. of Vermont $750,OOO pref. and $8OO,000 common 

The Meurltlcs owned June 30. 1895, were as follows: 
Ammtnl. 



M7*tp> W.II. R. RRJ.II .. -iioo/ibo I tol^offiuu,, ,IR. of Vu fSffiJ 

ordni>ur* A l.k.. Cnm... l.NH.OOO 1 Oiidenstaura Transit 6> m'o 

Uarord g*C. RR.(all).... 600.UOO Vermont (Vntral I, 

V SFOMfit Qsntrsl. ......... X AOO D * --- *' , ^ .. ..i-i . .. . . . . . . . v. 

<)]. Trn. nun i.l 

: Ul t):sml>at CM. ... 30,000 



Stan l.iril S'n'illvlU A Cliambly. ..511.00 

Town of Wllllam<it<iwn 3000 

('ana la At lam ic Ujr 18 00 



Balance, 

surplus. 

$18.881 

5.513 

16,263 



BONDS Of the consolidated mortgage fours for $15,000,000 [trustee 
American Loan A Trust Co. of Boston) $7,OOO.OOO are reserved for the 
retirement at maturity of the $7,000,000 fives due in 1913, and, if the 
trustee so requires, an additional $700.000 will be held for game pur- 
nose' $1 488 000 were to replace certain temporary bonds and $2,500,- 
30 to pay floating debt, the balance being issuable for permanent 
mprovements on the system, etc. The mortgage covers the road 
wned and all Interest in leases and securities owned. On March 19, 
896, the Central Vermont (exclusive of "Consolidated") had equip- 
ent bonds, $425,000; floating debt, $2,267,581; secured debt, $350.- 
00; consol. coupons, $324,051. Offsets include: bonds and stocks 
wned, $1,939,010; "cash and current assets," $843.638. 
ANNUAL REPORT. Fiscal year ends June 30. Receivers' statement 
oMay 31, 1896, was in V. 63, p. 226. Report for 1894-95 was in V. 
2, p. 315; gross receipts, including steamer earnings, were: 
Gross Net Int., rentals, Og. Tran- 

earnlnas. earnings. taxes, <tc. sit Co. 

894-5. .$5,108,980 $1,595,036 $1,528,180 $47,975 
893-4.. 5245054 1586,059 1,530,038 50,508 

892-3.. 5,574,398 1.588,791 1,471,602 100,926 
(V. 63, p. 29, 226, 358, 601, 754, 1062, 1116; V. 64, p. 41, 82.) 

Central Washington RR. Boad from Cheney to Coulee City, 
Wash., 109 miles. 

EARNINGS.- Year 1893 gross, $94,197; net, $17.793: charges, $12 5- 

)00; balance, deficit, $107,207. In 1892 gross, $130,713; net, $58,42 8. 

BONDHOLDERS' COMMITTEE. A. M. Hoyt, Chairman, No. 1 Broadway, 

T Barney and Charles E. Eddy; depositary. Knickerbocker Trust 
Co. 'Trust Co. receipts listed in New York in July, 1894. (See v. 63, 
>. 1114.) In May, 1895, receivers were appointed for Central Wash 
ngton. C. B. Chamberlain of Spokane Is now sole receiver. It is pro- 
posed to foreclose the mortgage. Knickerbocker Trust Co., New York, 
was appointed trustee of mortgage Sept. 29, 1895. (V. 63, p. 11 

Centralla & Chester RR. Owns and operates from Evans- 
ville, 111., to Salem, 111., and from Sparta to Bosborough, total 
ength about 94 miles; bonded for $12,000 per mile, covering rood- 
>ed, equipment and terminal facilities; stock issued and subscribed 
'or like amount. The road is standard gauge and laid with 56-lb. 
steel rails. Farmers' Loan A Trust C.>. trustee of the mortgage and 
registrar of the stock. For year ending June 30, 1895, gross, $59,271; 
net, $35,019; interest, $34,800; balance, surplus, $219. (V. 62, p. 987.) 

Charleston Clendennln & Suttoii RR. Owns road, com- 
pleted iu December, 1895, from Charleston, W. Va., via Clendenniu to 
3lay Court House, 51 miles, and under construction via Clay Court 
House toSutton, 49 miles additional, to be completed early m 1897. 
Capital stock authorized, $3,000,000 ; par, $100 ; outstanding March, 
1896, $367,300. First mortgage $3,000,000, ($30,000 per mile) is to 
West End Trust A Safe Deposit Co. of Philadelphia, Pa., as trustee. 

LATEST EARNINGS. 11 mos., ) 1896 ....Gross, $49,780; net, $23,628 
Jan. 1 to Nov. 30. S 1895.... Gross, 43,896; net, 24,629 

For year ending December 31, 1895, on 20 miles, gross, $61.440; net, 
$31,700; interest, $25,000. President, John H. Drake, Philadelphia; 
Vice-President, C. C. Lewis, Charleston, W. Va.; Treasurer, W. S. 
Drake, 1326 Chestnut Street, Philadelphia. V. 61, p. Iul2. 

Charleston & ntacon Ry. Projected from Charleston to Allen- 
dale, etc., about 60 miles, where connection will be made with the 
Greenwood Anderson & Western (Carolina Midland) and the Port 
Boyal & Augusta. The new road will give Charleston a direct line to 
the west. See V. 62, p. 1138. The bonds are "exchangeable for 
similar bonds of the Consolidated Railway Company to be formed." 
See G. A. A W. (V. 62, p. 1138; V. 63, p. 154, 357.) 

Charleston & Northern RR. See SUPPLEMENT of April. 1896. 

Charleston A Savannah Ry. Owns from opposite Charleston, 
8. C., to Central RR. at Savannah, Ga., 115 miles, and branch 6 miles, 
all steel. Operates from Ashley Junction to Charleston, S. C., and Cen- 
tral RR. of Georgia, crossing to S. F. A W. Ry. at 8outhover.il miles. 
Green Pond Waterboro A Branchville Ry., 14 miles, is controlled in 
same Interest but operated separately. Belongs to Plant system. 

SECURITIES. Interest on first incomes: for 1888, l>a P- or., for 1889, 
2; for 1890, 6; for 1891, 6; for 1892, 5: for 1893, 4; for 1894, 4 per 
cent (paid In April, 1895). Stock, $500,000 ; par, $100. 

EARNINGS.-4 months, 71896 Gross, $142,273; net, $17,310 

July 1 to Oct. 31. (1895 Gross, 136.5O2; net, 3,883 

In year to June 30, 1896, gross, $536,726; not. $107,196. In 1894-95, 
gross, $557,517; net. $96,978; o her in come, $4,151; interest, $103,- 
390; balance, deficit, $2,261. (V. 56, p. 887 ; V. 58, p. 81.) 

Charleston & Western Carolina Ry. Road from . Port 
Royal, 8. C., to Augusta, Ga., 112 miles, and to Spartanburg, Green- 
ville and Anderson, 230 miles ; total, 342 miles. 

HISTORY. A reorganization and consolidation in 1896 of the Port 
Royal & Augusta and Port Royal & Western Carolina. New company 
took possession Oct. 3, 1896. Stock, $1,200,000; par, $100. The first 
mortgage Is authorized at $8,000 per mile, Central Trust Co., N. Y., 
trustee; Income mortgage (Guaranty Trust Co., New York, trustee), at 
$7,OOO per mile, non-cumulative, 5 per cent. President, J. B. Cleve- 
land, Bpartanburg, 8. C.; First Vloe-President. Henry Crawford; Vlce- 
rresident, W. A. C. Ewen, and Heoretary, A. C. Jopling, 32 Liberty St., 
New York. (V. 63, p. 155, 407. 559.) 

Chartlers Ry. Owns from Mansfield, Pa., to Washington, Pa., 23 m. 



JASCARV, 1887.J 



RAILROAD STOCKS AND BONDS. 



Jubsrrlbcrs will confer a (real favor by giving Immediate notice of any error discovered In tneoe Table*. 



RAILROADS. 



For *ii.:.nt!..i: "' 



... , 



on flnt pa^e of table*. 



i heading*. Ac., see note* 



of 
Road 



li.it,- 

of 

Bond* 



Size, or 

Par 
fan* 



Amount 



INTEREST OR DIVIDENDS. 



Rate per When Where Payable, and bv 
Cent. Payable Whom. 



Bond-Prtne 

pal, When Due. 

Stock* Laat 

Dividend. 



CJUtnr*' 

1st i 



BKLT RAILWAY or CHAT TA*OO an. 
t LA>-CASTB A CHEATKK. 




I.OOO.. 
it M.. "Dlv. A," 
m Albany I ft 1 



lOOp.m.j.^.f.jJotd'rn.c' 
. nsoney landing, gold . <" 

_ . . t "A- Bee text c- 

..of 1911, Penla.Kxt,. gold. See toxt-c- 
tei") lat BL.1933. covering 8 m.. to Phoebu*.g c- 
iat land, mortgage torgo.OOO.OOO, gold . .e-Ar 
BJeh-AABDiv. IsteonsoLM-.rold. ieetext.c- 
. M., Rlchm. Tla. Lyaeab'g to dlftoa F. 
lay branch let mortgage, o*n. 



EUsa.Lex. ABIg Bandy 1st m..g..guar.p.*l.. e- 
--. A Ohio Equipment trust bonds, gofi e* 



37 

"35 

428 
<503 



655 
Ml 
M 

26 
33 

1.174 
100 



1889 

1889 
1890 
1890 

1-MI 

1890 
1892 
1871 

Var. 



50O Ac. 
1,000 

1.1MMI 
1.IMHI 

1,000 
500 Ac. 
1.000 
1,000 
1,000 
1.000 
1,000 
1,000 



(400,000 

S66XMO 

J Ml.! MX I 

300.000 



. 

2.-J-7.IKHI 
2.013.479 
2,000.000 
142.000 
23,553.000 
6,000,000 
1,000.000 
650.000 
400.000 



3 

5 

5 

7 

5g. 

gg- 

6g. 



|: 



J. 



1,000 




3.007.000 

8400 

211366 

820.000 



Manchester clty'r Imp bond* (8s, 045.2OOV... 
OkttaftaJce Oftto <f JiLfiiiiiitii 11 
Padoe. A BlfaL, lat awrt., otak. f*nd. dr-n at 1OO. 



186 



1-77 



1.000 



170.000 

200.000 

370400 

81.200 

473,000 



5 g. 




5* 

5A8 
6A8 



-v i> 
.v 

M. A 8. 

J.tfD. 

p. A A: 

J. A J. 

A. A O. 
A. A O. 
J. A D. 
M. A N. 
J. A J. 
J. A J. 
J. A J. 
M. A H. 
M. A 8. 
M. A S. 
Various 
Various 

A. A O. 

pat, i 

M. A N. 

M. A 8. 

M .V N 



F. A A. 



Baltimore. 

tj N.Y.OfM'lCortiandtSt. 

In default. 
N.Y..J. P. Morgan A Co. 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 

do 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 

do 



N.Y., J.P.Morgan A Co 

Richmond. 

do 



D'rlO.'9G,l>s&. 
Apr. 1. I'.'.f- 

Mi-li. 1. 1915- 
J une 15, 1899 
Aug. 15, 1937 
July 1, 1898 
July 1, 1908 
Jan. 1, 1911 
June 1, 1922 
May 1, 1939 
Jan. 1, 1989 
Jan. 1, 198 
July 1, 194O- 
Mob. 1, 1941 
Mch. 1, 1992 
Mob. 1. 1902 
Various. 
Vanoua. 

Oct. 1, 1938 

Oct. 1, 1988 

May 1, 1898 

Sept. 1, 1942 

Aug. 1, 1942 



Bond* to be paid. 



Fab. 1. 1897 



Loosed till 1971 to the Pm 

aAM.] 
-I MB, 

.-,, ,- , 



syl ra 



OaalaaaM A St Loul* (now Pitt* 
tal Uneteamlnn. 

***!!&& 

KSffW 

1880: la 1887. 

O. Mt. la 1891, 7%: la 1892. 8; In 
10 : IB 1894. 10; In 1896. 8; la 1896. April. 5 p. c.; Oct., 4 p. 




1888 and 1880.A percent; la 1 
1803. 



. oa the Delaware 

M<ll>t.M|.. 'I . 
li in;:.-. 

Plattaburg to Da 



road from Plattaburr, 
la the Adirondack 
_ jara to Lyon Mt., 
Lyoa Mt. to Boraaae 
aora RR- (so-called). 
to laaaad frasn the Btato 
tea of freight to the 
Railway I* baaed far 
Jdaal aad Interest by 
la Interest of an Iron 
travel to the Adirondack*. In 

yaan JolaUy wttt'taa Oaaiaaagiy O 

exat.Ha.ll7.MC <*J?tJ^ 9 lStfS^ deflcU for 
177I To**** BtaaaTr 

30. *L__ ^ 

-V. 64. p. 181. 




4 li.ll. 

Oa.. vi. 




BaaA <! KK.-Own* road Oarrollton. 
flKttaii -..-i. r.",n . Mi mil-. Cir.-h.i.^.l bf UK 
ra la IWW. but InMfwt doe 8*pi, 1. 1893. wa* not 
- property wa* plaonl In receiver.- hand*. 
Jaa. 1V 



lulaia*! doc Sept. 1. 18*3. wa* not 
plaonl In receiver*' hand*. 
. to 8. Berg A Co.. N. T.. for 



5a*aaa .. W. TTa** 4noatU oaa 
K. T. * T. 61. p. 7*3. lil*Vromf 



*rrr t.r. ll...l- 
1M1. 



la 18 



taaaBorg A Co. 
Oantral Trust Oo. 



-5. g 



V. 64. p. IM.) 



ttaa lo_OadaaM. Ate., 



97 *&*!*> and 

m'j'.r.'l -'-.'-' 

1W5. a>d reor*^B**ed p*~*4aa In V. ai/sL 830. Btoek, M.OOO.OOO. 

BomaTaa new flnu or* fft.OOO par mile ea preaaat mileage and 
10.000 n xtrasloas. The *4*VEaaaM*r* wan raqalraa to MbVcrlbe 
rer.the aew bond* at par to the aaaout of 38 percent of their holdings 



IB J 




New 



r*a) A Albany HK. owns from Cherry 
miles. In 1876 road 



In 1876 road wo* acquired 

i!*" "* 11 *"T A 8aaq.) by D. A H. Canal Co., which now operate* 
n. Stock. 0289.IOO: par, 05O. 

* Ohio RT.-/.V, jrs>.>-0perat* froai Newport 
Waahlagtoa. D. C.. to Cincinnati. Ohio, with branches. 



Li~mow+4iM/ot- 

**.&* f. - rVMB*A.a4 .& W^.- 

VIM rmni vovArori MM MVW< 



port ! T! ChAiioM(*v 

Ttlleto AW*Dd,Kj 

rtj^Lr-teSamfy to 
QwlHi F'-rif'*. \'A 

MayTvUla A Big Oaadt'lML'^ 



M 



Brldga-Covlnvtoa. Ky., to 

Cincinnati. Ohio 

DUabotktowa Lexlagton A 

BuBandyRR. 

8andry braaenw 

Trackage to Wa.hlnion... 



144 

821 Total system. 



103 
345 






I Total rtcm 1.36O 

I Trmtltmgt to Uml*vllle 84 

Of the above mileage 19mll I* aarrov-ganm road, rif the "ieaaed" 
mUa* to oa K. L. A B. B. and 9 a)Uw on Waialagton line. 

A Ohio wn* *old In fora- 
Md. la 1888, nnder 
I wltboat fonclomre, 
a with the Rich- 
The Ellxabetb- 
<aborbed In 1892. 

lOkaaapaaka A Palo taam*hlp Co.. controlled 
operation*. Bee below and V. M. n. 1078. 
raaged with the tanlsvUle A Nanhvllle for 
I. nctnn to IxinUvlllc, Ky.. 84 mile* 
I Apr. 1. 1896). Jointly with ther.C. C. A fit. I,.. theC. * 
1MO control of the IxraUvllle A Jaflanonvllle Bridie 
BBMli la bota Ikoat eMto* and brtdg* aeroM the Ohio 
I wiveral guaranty of the Bridge Company bondu (of 
(la all are now Iwuerti ha* t-een dven by the Clere- 
'iMaco A St. Ixrali and bv the Chea|ieak A Ohio. Any 
I to payable one- third by C. A O. and two-third* by Big Four. See 





I.. A J. Bridge In Mlaoellaneou* Companle* " and V. 60, p. 130; V. 
61. p. 327. 559 ; V. 62. p. 84. 

CAPITAL STOCK. Coarawa atoek I* 06O.493.oOO; Increased from 
845.000,000 to thl* ngure alace 1892 throogh exchange of praodoally 
all the 0^5.000^)00 of prererredctock* f or commonitock and general 
mortage 4>t par cent* la certain proportion*. Knt prtfrmd for 
832.500 and c4mt pnftmd for 028.9OOonly wa* ouutandlng July 
IT1896. Beeumuof exchange In V. 54. p. 643. 
BOKO*. The triti A bond* of 1878 cover, nuhlect to the purrAaic 
6*. the main line from Richmond. Va.. via Chariott*rUle to 
d, Ky.. 438 mllM. and are equally secured with the PctUiuiitor 
iM 6 by nnt mortgage on extension to Newport Hew*. 75 mile*. 
The BnneHoaiH aMrajaf* daa ta 1939 I* for 83O.OOO.OOO (tnutee. 

bond* are reserved to- 
rn aeonred by deposit In 
of the stock of the May*- 
Lj5 . ..,i.|,.ftlm 
________ ______ . ___________ (See abstract. V. 

49. p. 147. i 
Kekmtnd 



Taa aaaMNaW** *arajafi doe in 1MV I* lor 
Central Tract Company), aad aaikaimt bo 
provide far prior Uen*. tU* awrteage to ateo 
anwt of the il 1 .OOO.OOO bond* and two-third* of 
Till* A BUBaady RR.. Jon road Aahlaad to Oort 
Brtdga Maaetnnatl.au owned by the Che*. A O. 



4 AUtflung JNvittow bond* cover toe low-grade freight 
route from Richmond via Lynchborg to Clifton Forge and branohet. 
(Mort. abitracta. V. 51. p. 144.) 

Tha tmm'ul *arteaM / 1892 (Central Trust Co. and R. T. Wlckham 
trustee*) I* for 070.000.000. but additional amount* at 025.OOO per mllo 
may be toaaid tor double-tracking. Of the 870.OOO.OOO a* above. 
3-J.691.00O bond* were reserved to provide for the 83O.OOO.OOO con 
sols of 1880. 



old for 
82,000,000 



or to be l**ued. etc. 

rolling stock, ate., but 



TIUV ivr kuo vov,uw.yw 

The balance unissued may b 
not more than 




soqntred with 



In V. 54. p. 644:"atao V. 54. p. 
021.799,000; had beea llated oa 
The Mti*a6tikfn Lttti** 4 f 

hich ha* hew reduced to 8 par cent, have 
O. gnaroaty of pflnH pal anoTutereat, and 
been set aside u> retire them at maturity. 
r C*ty 80, 060.3OO, aad 5*. 036.OOO. 
non, Pi 
rol of the 



on which ha* 
C. A O. 
have 



In Jan., 18U7. 

. _ New York Stock Exchange. 

Lo*tn^t*n m Big tanrfy first mortgage bonds, Interest 
have baanaadoned with the 
eaaral mortgage bond* 
There are olio Man- 




Ac. Since the reorganisation In 1888, when 
ipany wa* placed for five rears In the hands of 
ha* been greatly ealarged and Improved. It 1* 

_ . 18M. wa* liable for bill* payable 0575.000, of 
which 0125.0OO on account of the Investment in steamship company's 
debentures, which ore wibject to sale ; the balance, 04.V5.OOO, repre- 
sented a part of the equipment note* and ear trust bonds paid off dor- 
big the last two year*. These loans are on long time, with a portion, 
of 01.074.000 4>* per cent bond* in the treasury a* collateral. O. A O. 
1* also liable a* guarantor on the Norfolk Wharf Warehouse A Ter- 
minal properties amounting to 0433.841. 

A* to Louisville A Jefcrsonville Bridge bonds. *ee History above. 

The Interact charge* for the fiscal yearl896-97 (including inlert-l oi 
*** 4 Jl f- * <*>ndi in (Ac Ireatury on /MM n, /4o; are estimated at 
83,l*Mn, against 03.109,366 In 1894-95. V. 63. p. 315. 

The steaai.nl p line wa* formally opened Sept. 7, 1893, and own* 
wharves at Newport New* and six new steamer*. 

KAJunve*, 6 month*. > 1896 Oroa*. 04,339.7 10; net. 01 ,50.1,:i27 

July 1 to Nov. 30. $1895 Oroa*, 4,274.849; net, 1.4V1.338 

A xx DAL RcroBT. Fiscal year end* June 30. Annual meeting I* 
leld at Richmond on the Tuesday preceding the last Tuesday In 
October. Report for 1885-96 wa* given In full In V. 61, p. 3Ot>. 314, 
aad (bowed the following. See also editorial p. 201. 

Trmgte. Of the total tonnage (6.544,833) In the year 1895-96, coal 
and coke tarnishes' 3,431.115 ton*, or 52>* per cent of the whole ; 
product* of agriculture furnished 9 percent. The average rate re- 
ceived oa seabosrd cool was only 2-53 mill* per ton per mile ; on all 
freight, 4-2H mill*. A ve'ge train food, 225 ton* In 189O and 325 In 95-9(1. 

Tear tMUng June 30- IBM 1MB. l-'M. 

Mile* operated. 1.3AO 1,360 LMa 

Passenger earnings 01,94!*.79O $1,847.148 02.011,977 

Freight. 7.810,508 7,304,816 6,630,201 

Eiprea*. mail and luiscel. 46O.743 444,067 401,930 



Total earnings 010.221,131 

Oper. expenses and taxe*. 6,96:<. I " < 
Prrot. expense* to earns.. '- 



Netearnlngs 83.257,978 

Other Income 18,847 



Total and net Income 83,28 1 .525 

Interest on bonds 03,126,140 

Rental* of track* net MO 

Lou* on grain elevator.... 7,110 

Discount and eirh'ire. Ac. 



09,596.031 
6,464.028 

(67) 

03,131,503 
11,445 

$3.142,948 

3,098.118 

VI I 

13.077 

7,132 



Balance, surplus 0147.34O 018.700 

-(V.62. p. 84. 683. 1086; V. 03. p. 2!it, 3O, 314.) 



09,044,108 
6,027.127 

(67) 

03,016,981 
13.3H6 

3,030,347 

03,948,112 

2,622 

9.78 



018,860- 



INVESTORS' SUPPLEMENT. 



(VOL. LXIV. 




JANUARY, 1897.] 



RAILROAD STOCKS AND BONDS. 



ub*erlhra will confer a great favor by fir las Immediate notice of any error discovered In these Tables. 



RAILROADS. 


\l,, 
of 

i:...,.'. 


Date 
of 

H..:i S- 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bondt Prtnol. 
pal, When Due. 
Btoekt Last 
Dividend. 




!:..;. I.,T 
Cent. 


When Where Payable, and by 
Payable Whom. 


on lint page of table*. 




353 
H 


1881 
1881 


$1,000 
1.000 
1,000 


96,176,000 
3.865.000 
563.000 
4.154,313 
18,751,100 
3.479,862 
4,379.850 
1.730.000 
1,750,000 
1.5OO.OOO 
230.000 
890.000 
1.785.OOO 
300.000 
300.000 
530,000 

,.,...-..,*, 

8.147.000 
3,450,000 
908,000 
230.000 
33.003.700 

2H.ea4.ooo 

A 2.315,000 


?' 
6 


F. A A. 
F. A A. 
8emt-an 


Feb., '96. pd. Jne. 30,'96 
AUK., '93, coup, last p'd. 
New York City. 


Aug. 1, 1911 
Aug. 1, 1911 
June, 1901 


a 0. A 8. W. lit mort.. gold (819.000 per miiei.c' 
M mortgage (811.OOO per mile) V 


Equipment trust bonds. .. o* 


Floating debt June 30, 1"5 






OMeaao <t AUoM Common tock 






100 
100 
1.000 
1,000 

100 

100 

1,000 

100 
1.000 
1.000 


< i" r .M. 
- i-r ;i:i. 
K- 
g. 
i: jn-r ..n. 
7 I>.T an. 
7 
7 per an. 

7 
7 per an. 
6g. 

i 

4101896 



Q.-M. 
> M 
JTA J. 
M. A N. 


5 H.Y.,Cuyier.Mon'ii ) 
( AOo AChlc.Tr.Offlee ] 
Lond'n,J.S.MorganAOo. 
N. Y.,Cuyler,Morg.AOo. 
do do 
N. Y.. C. 8. Trust do. 
N. Y.,Cuyler,Morg.AOo. 
do do 
do do 
do do 
Chlo., Treasurer's Offloe 
N. Y.,Cuylcr,Morg. A Co. 


Dee. 1, '96, 2K 
Deo. 1, '96, 2% 
July 1, 1903 
Ma/ 1. 1903 
Nv.2,'96. li% 
Jan.. '97, 13t% 
July 1. 1898 
Feb., '97, 31994 
Aug. 1, 1900 
Nov. 1. 19OO 

Jan.,'97,8i% 
Oct. 1. 1918 


Preferred stock (7 per cent yearly notenmulatlrei 
Oe*. M., JoUet to KTet Louis A br.. sterling. . .e- 
B.f.Dond(K.C.8t.L.*C.lititeoLi^oldjotdr-n c- 


833 
Mi 
Lfj 

37 
150 
101 
101 
101 


l-7.i 
1878 

1868 

1870 
1877 


Joliot * CUe., 7 p.c. stock. perpet..guar. by C.AAl 
M. L. Jack. * Cm!, 3d It (BOW 1st), (ad. by C.A A. 


Q.-F. 
Q.-J. 
J. A J. 
F. A A. 
F. A A. 

.3: 
A -.* 

A. A O. 
J. A D. 

r. A A. 

A. A O. 


1st saort. (guar. p. A 1. awl later assumed) .... 


3d mort. (guar. n. * 1. and later assumed) . 


Miss. Blver Br.. (took (7 per et, gnar. by C. A A)" 




336 
342 


1877 

ufi 

IMS 

1888 

I-'.. I 


1,000 
100 
500*0. 
1.000 
1.000 
10.000.4a 
100 
1,000 
1,000 


1st mortgage, sinrg fun.!, redeemable at 106. . o- 
MM.9t7afMOO.rad. after Kay 81. 1898 e- 


N.Y., P.L.AT.Co.ABost. 
do do 
do do 


Apr. 1, 1926 
June 1, 1918 
Feb. 1. 19O8 
Apr. 1, 1926 
Deo.l5. f 96,l? 
July 1, 19O3 
Oct. 1, 1901 


RflMss^:.!:7. 




Con. M. oor'ng Ck. Term, mow 1st lien) see teztie* 
ak-taad beads (1st M. a* coat notdr-n.o-tr 

A taM92.5o6.000; redeemed by .taking fund. 
81S5 noo; sinking fund assets, f 1 4O3.991. 


755 
384 


1-- i 

unt 


V M 

J A .1 

A. A O. 


N. Y., Boston and Chlo. 
N.Y.. Bk.of Com. A Boat. 
X.Y.. Bk.of Corn. A Bon. 





* Houlli... 

-.. W.MU;. , .. 

aa JuaeUon 



Haf lUim 
ulaa. and 



> CM- 

. TOML. 398 atUei. aad branch 
JuaeUon 6 Its*. 894 miles: of which ls 
_ LoolavUleA Nashville their Oeeffia* branch. 46 miles. 
Al*o operated soparatoly the Hudjmu vtlle A DUabethtown snd the 
Troy TlptonrUle railroads. 18 miles, most of whoa* securities are 




M forclotore sale under the satinad mortgag*. roaaosslon 
\ngn*t 1 bat the reorganlxatloa will aot take place till 
r In 1997. O. O. 4 f. W. fint sMrisMS anaM* 4m Fsbraarr. 1899. 
were paid Joe 80. V. 62^. 1176. The Padaeah A Ettxabelh bonds 
will bsTaJdo* Fob. 1.1897V 

EIBIM>S.-IBOS. ) 1995-9.. ..gTosa. 91.740.173; net. 9939.100. 
July It. Feb. 29. { 1994-6.... gross. 1.559.541; a**. - 

AntUL RBTOBT. Fiscal year ahaagod to sad Jwwsa 
Tfmr OrsMSsnu. jre* OUssrta*. /iU..aj. 

1994-99 93.339.662 9722.263 $4.739 9754.858 def. 937.859 

3.143(411 909.517 7.138 784.179 dot 167.534 
In 189943 gros.JW.410,308 ; U 1991-93. 92.397.935. 

(V. 99, p. 199. 897.) 

Narrow Caage . Narrow gar road 
Lsnotr. N. a. WO miles, of whtoh 99 mUes I. 
. .oreelasnre HOT. 3. 1999. at Chistor, 8. P.. to W. 

^^K 7 ^ 919 




Jotts* A 



A Uton HH. ROAD Operates from OUoago to 9L 
. as CMv. etc.. ownlag 543 miles aad opnrallag In all 843 
. of WBMB 119 Miles dMMe tracked. 

JTUs*. 

gotoJoKt .. 37 

kAMlSsoorl Rlr.- 

naloOsdarClty 1O1 

Kaa. CHySt. L. AChlcago- 

Moxtoo to rsnsasOlty. 163 

Mississippi Rlrsr Bridge ! 

Total of all owned aadlnuJfTOlb. atsol) 843 

In 




9loc Stock for 98.185^00 was sold to stockhotoon at U4. to 
nto 93.383.000 off per coat bonds doe Jaanary 1.1893. In August, 
1998. the oo.paay.oM 92.45O.3OO new stock to stockholders at 



114 to 




la any surplus. 

199ft to Dec.. 1896 

yearly (2 quar.) 



IBS. The aToMo* OUy ft. L**to * Oafaay* Is teased In per- 
Nov. 1, 1H77. at natal of 39 par osat of cross earnings. 
_ i held by the U. . Trust O*. as soourttr for the Chicago 
bonds of 1871. which hav a sinking fnad (In 1896) of 8I.LV 
saoa stork. 9271.7OO. of which 9157.6OO l owned 
Tldoadi of 7 per cent por annum were paid on K. O. 
till Nov. 1. 1994. andthaa sospBdid. 
The JoU* 4 OMMffe U iMsod from January 1. 1864. fortho torm of Its 
sartor, aad forms part of the main Uae. Rental. 7 por cent OB stook. 



bythec. AA. 

st. i. \<- 



ThaCovaikvM.iriaMMH to**r Kg. was laasod In srpetiill 

4er the agreemsnt of NOT. 13, 1894. the Alton asm 

ay. la lloa of Mots!., all Interest oa U fin* aad ammo 1 m 

bond* aad their prlaotDtl whoa da*, also 7 n. a. nor annum on ti 



lty. Aug. 
numad to 

ortgage 



wlr prlaelpU whea doe. also 7 p. o. per annum on tun vuar- 
rnd^oeluaadaUotoparchaMtheLA M.R. unguaranteed 
9295O per share idtbr e naawn at 91Opcrsaare. V. 
- 



re idtbr e naawn at 91Opcrs 
praf srresl stock U fl.O10.OOO and oo 
of which have evnr paid dividend* In Deo.. 
1MB of aagoaraatMd piofarrad and 474 ihares of 
purchased by Chicago A Alton. 



The JtttfUijfft ttftr Ur*t Is leased la perpetuity from Deo, 3. 1 877. 
M7a.. M jifo.OOOstook<aUowBedbyO. A A.) and p. e. en bonds- 
V. vi. ,, H9Y1 II. f , 




_ Alton lead has been par- 
Ma having a large local bilBin between Chicago aad 
Md lines an as completely controlled as If owned, 
I* very iuasorrativsly manamd. no extensions 
i built or BOW lines acquired of recent years. 
IAL Rar-.K r.-The aaaaal BMlMag to hold In Chicago the flrat 

I3.P.347. 




. 
In April. Aanaal rooor* tor 



was la V. 62, p. 347. 35U. 3A6. 



- 1895. :-: 1998 l-.ij. 

Miles operated ....... 843 -i. 843 -t:i 

Passeagen ........... 92.134.155 92.Oi3.912 92,900.820 93.351.242 

Preight .............. 4.389.909 3.881.544 4.373,117 4.9S3.596 

Mail, expenses, eto.. 378.421 366.78O 392.702 3115,772 

Total gross earns... 96. 802,495 96,292,336 97,566.639 97.730.610 

.Veteamlngs ........ .'92.H19.492 93,683^48 92.910.750 92.922.811 

Other reeefpsa, 



Prem'soa newstook. 



211,525 



2 73.0 19 



805, i 16 
131 



372. 66 
305.917 



Totalneotpts 93.06I.U17 93.281.3i6 93.316.317 93.501.594 

Rentals paid 9132.773 9933,987 9958,898 9674.O53 

Ooatruct.,oaulp..Ac; 18.765 36.318 917,838 333,841 

Interest on debt..... 579.618 527..VH 933.O37 801.108 

Dividends 1,778.448 1.739.434 1,593.396 1.4O7.560 

MlinillBIIMna. 34.5O6 168^37 57.342 169.986 

Balance 9336,908 9196.988 sor.972,727 sr.9.016.207 

In' addition 82O3.7O5 wa paid for oM claim* to Wlggtmt Ferry Co. 
-(V. 81. p. 3*0; V. 62. p. 34T. 849, 366. .'>- 



< hlrauro rllaton A Northern HR. Rout from Oregon, 
HI. toOt Paul. Minn-, 343 miles. Including trackage 25 miles (318 
miles owasd); 
I1L, 17 Bttae; to 
Jan.1. l- 
.. cj.. i 



miles owaod); ether trackage. 5 mllen; owns from Fulton to Savanna, 
1 11.. 17 mile* branches, 8 miles: total. 371 miles. Completed Aug., 1886. 
Jan. 1. 1999, C. B. A Q. owMd 99,555,600 of the stock. ee V. 50, 



BoDS.-The C. B. A Q. and Chicago A Iowa give a traffic guarantee 

>r 30 yean from '95 of one half of their netearnlngs derived from bust - 

sss to aad from the Northern (to ba not loss than 91OO.OOO per year) 

for the retlraaMstt of Chicago BurUngton A Northern Ants atlOS; and 

after March 31. 1899. the whole Issue BUT be retired at 1O5. The 

amount of ants outstanding has tho* beoa reduced from 99.OOO.OOO 



. OBtotnadlngl 

to amount IB table. Bee dessrtptlon of mortgage In October, 1896, 
In January 1897, New York Stook Exchange 



1. 



gavo 98.24i r .00o"flrst 5s as listed. 

ds ww^t called for 



HEj 

- ... .- 



I for payment at 105 on Feb. 1. 1898, 
retaining their bonds upon agreeing 
ring of the ulnklng fund provlnloo. 



lorest and the waiving . 

tar 9330.000 war* Issued In 1894. The debentures of 
1. 1896, were paid on that date, second 




< hlraxo BnrltBxton A: Qnlnry It lt.-/.4w Jfa, 

ratos a .! IS< system of road* extending; from Ohloafo 

Ing 9*. hoi sad XtnneaDolts. Minn.. St. Louis and K , 

Omaha. Web.. Denver. Cot. Cbeyeons.Wyo . Blaok HI1U. 8. D., ai 
lings. Meat The aeoompanylng map shows clearly the system. 
tint IHIM<, rssasrf, rte. jrUsr Conlntrd~op.eparatrly. 



.Col 1,046 



practically ownM. 4.51B 

Chicago Bart A Northern. . . . U 37 1 
Used jointly with other Co.'*. 166 



(rasa. 93361.155. V. 63. p. 879. 
M Jfap.) -ROAD.- Ope - 
TO westerly, reaoh- 
Kansas City, Mo., 
->.. andBII- 
. em. 

op.eparattly. 1 if {let. 
Kan. C. 8t. J. * Ooun. BlnifsT 

Kan. C to Conn. Blnth.eto. 310 
8t.LouUK.AN.W.(allown'd) 225 
Chicago Burl. A Kan. City ... 236 
Hummton A Shen. inoo below.) 95 

HannlbalASt. Joseph 1297 

Marrow-gauge 169 



properties r* separatelr described In this RnrpLcn BVT. 

i mUoage IO3 mllm srn already Included In the " road owned 

U" being operated Jointly, snd 1O3 miles are trackage. 



Total InoL In earnings 6.1O2 

Beonnd track 397 

?0fthto 
and leased. 

llumeato'n A Bbennndoah 5 miles, was purchased at foreclosure sals 
on March 81. 1896. V. 62, p. 635. 

Ac. This was a consolidation In July, 1875. of the 

_ jn A Qulncy In IlllnoU and the. Burlington A Mlmumrt 

River In Iowa. In I-*so the Burlington A Mluourl In Nebraska was 
The leased lines are practically owned and there Is no charge 
Is In the Income account, except as Interest on bond*. The 
wnershtp la the other roads above-mentioned Is In the stocks and 
bonds thereof, and their accounts are kept separate. 

LABTW. Only 4H.S2O acres remained unsold Dec. 31, 1895; land notes 
outstanding. Including Interest payable, 937O.437. 

CAPITAL STOCK. The stook has been Increased for the aooulnltton 
of new linos, and In 19SO a distribution of 20 per cent was made. Htock 
for 95,593,300 was sold at par to stockholders In February, 1893. 
DIVIDBXDS. > 1881-87 1888 1889 1890 '01 '92 '03 '91 '95 '98 

Percent { s yrly. 5 4 5 4U 5 5 4* 4 4 

In niMJ, Mar., 1 p. o.; June, 1 p. o.; Sept, 1 p. o.; Deo., 1 p. o. 

Fu*i>. Included In the bond* outstanding In the table 



above are niiodrv homU f the ooinnany which am neld alive and 
drawing Interest for account of the various sinking funds. 



B IIIH. Kor full dn<cr!ptln of each loan sne the ndltorlnl article on 
pages 3 to 6 of SOri-LKMBXr of Oct., 1896, nndOiiKovict.a V. 03. p. 775. 

TBesonsof. mortgage at H7.i n f..r .fl').n > ).i>ji). of uum f 
reserved to retire a like amount of Ottawa Oswego A Fox. 

> 



INVESTORS' SUPPLEMENT, 



[VOL. LXIV. 




JANTABY, 1897. 1 



RAILROAD STOCKS AND BONDS. 



Subscribers will confer m great favor by (trine Immediate notice of any error discovered In these Table*. 



RAILROADS. 


Mile* 
of 

aasl 


Date Size, or 
of Par 
Bonds Value. 


Amount 
Outstanding 


INTEREST OF DIVIDENDS. 


Bond* Prinol 
pal. When Dne 
Sioekt Last 
Dividend. 


For explanation of column headings, Ac., see notes 
on tint page of tables. 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


K^^'tt^^^l* 




(1879 


91,000 


r93.860.000 


5 


A. O. 


N.Y.,Bk.ofCom.ABost. 


Oct. 1, 1919 


Iowa Dtv., a. f. mortgage 4s, drawn at 100. CAT { 
Sink, rand 4s (for B. A T8. W.) drawn at lOO.cAr" 
Deaverexten. (collat. tr.) b'ds, s.f. dr'n at lOO.c* 


4l"5 


' 1-7'.. 
1--1 
1881 


1.IMHI 

1,000 
1,000 


(8,260,000 
a 4.3OO.OOO 


4 
4 
4 


A. O. 
M. B. 
F. A. 


do do 
do do 
do do 


Oct. 1, 1919 
Sept. 1, 1921 
Feb. 1, 1922 


Ch. Burl A O. Debentures for Han. A St. Jo tk.c- 
Nebraska ext-.920.000 p.m. (s.f.,notdf n).c-*r 


1,475 


1833 

1--7 


l.OOO 
l.OOOAc 


9,000.000 

H27051.000 


5 

4 


M N. 
M. N. 


do do 
do do 


May 1, 1913 
May 1, 1927 




121 


1893 


1 000 


2.32OOOO 


5 


F. A 




Feb 1 1905 


Oaarertible debenture* (See remarks) ... ft* 




189O-2 


1OO Ac. 


15 263,900 


5 


M. B. 




Sept. 1* 1903 


B. A Mo. RR In Neb. } Land grant, *. f.. dr. at 10O ) 
Con.M914OOOOOO I Exempt, not dr'n till 19O8 1 


584 


. 1-7- 

.1-7- 


600 Ac. 
600 Ac. 


e7,7 77,000 
5,000,000 


6 
6 


J. J. 
J. J. 


Boston, Bk. of Com'rce. 
do do 


July 1, 1918 
July 1, 1918 


Burl. A Mo. RR. In Neb.,*, f. for At.*Neb.RR.rk. . 




1880 


1..I.MI 


d3.347.000 


4 


J. J. 


do do 


Jan. 1, 1910 


Rep. VaL R-.lst M.g.,(dr.at 10O)s.f.,914,OOO yr-ly.e 
Ottawa Oswego A Fox River. 1st mortgage .... 
A tee- ANeb.. IstM., At. to Lin., Neb. etc.. gnar.c- 
Id mort. on Atch. A Neb. RR. (1st M. on bridge) 


90 
70 
146 


1879 

1-7.. 
1-7- 
1--7 


"l.lKNJ 

100 Ac. 


el,078,400 
1,076,000 
1.125,000 
See text. 


6 

7 

6 


J. J. 
J. J. 
M. 8. 
J. D. 


Boston, Bk. of Com'rce. 
N.Y., F.L. AT.Co. A Bort. 
Boston, Bk. of Com'rce. 
Boston. 


July 1, 1919 
July 1, 19OO 
Mob. 1, 1908 
Deo. 1, 1927 


Liac-n A H . W. BB-lstM. guar.. s.f.1 n.c..not or- n. . 
C. B. * Q. itftewt-K. /.. teokuk m X.W. 1st M ... 
0*4c * muH lUinoit Com stock (91 5.OOO p mile) 


73 


1880 

1890 


1,000 

"ibo 


600,000 
Bee text. 
6,197,800 


6 


J. J. 
F. A. 


Boston, Co.'s Office. 
Boston, C. B. A Q. office 


Jan. 1. 1910 
Feb. 1, 1930 


Preferred stock, 6 per cent (910.OOO per mile) 






100 


4330.7OO 


See text. 


Q. J. 


N.Y., Hanover Nat. B'k 


Jan 'J '97 m% 


1st mort. (a. f . 930 000 BO drawing*} ' 


107 


1877 


'.'HI A.' 


2989.OOO 





J D. 


N.Y.,4th Nst Bk A Boat. 


Deo 1 1907 


Danville A Grape Creek RB--lst ft.", assumed, .c- 


7 


1880 


1.000 


119.000 


6 


M. N. 


Boston. Globe Nat. Bk. 


May 1. 1920 


SilHiitsI n lit mortgage ... .......e* 


15 


1881 


l.OOO 


1O3.OOO 


6 


J. D. N.Y.. Fourth Nt_ Rank. 1 nnn. 1. 131 


ConsoL mortgage (for 9fl.obb.o6b). gold s. f c- 
OaUaleral trust bonds, sinking fund <- 


117 


1884 

1--7 


1.000 

1,000 


1,788,000 
42.000 


6 g. 


A. O. 
F. A. 


N. Y., Central Tr.* Bos. 
X. Y.. Central Trust Co. 


Oct. 1, 1934 
Feb. 1, 1911 


Okie. A Ind. Coal- 1st M. 935.0OO p. BL, assumed, c' 


174 


1887 

i--.; 


l.OOOAc 
1.000 


7,937.000 
4,626,000 


5 
5 


M. N. 
J. J. 


do do 
N. Y., Met Trust Co. 


Nov. 1, 1937 
Jan. 1, 1936 


The C. B. A Q. sinking fund* for the several loa 


ns re* pectlr 


ely held 


alive Jan. 1. 


1896, of the bon 


ds given above as outst 


andlng: Of a, 


9030.000: a.*!. 566.800: c.83.59,400(Jan.,'97); 
095.000: k.92.390.000. 


St. 91. 595,00 ' >: e. -*-'7 3.6OO. Also c 


anceledb 


onds not Included above, f, 814 


0.000; g, 93,- 



Rlvrr guaranteed bonds. The consols are a nrnt mortgage or flrst 
collateral lien OB 755 mils* of road In Illinois and on Chicago terminal 
tJ. aad OB payment of 81.O76.0OO Ottawa O.wego A Fox 
bonds July 1. 1900. will emliraee Its 68 Bute* additional. 
/OOT MvWM bond* are a flrst mortgage oa the main line In 
Barllaglon to East Plattemouth on the Mo. Rlrer. 278 miles, 
miles of branches: they are also a Orst collateral lien on 4'.>0 
aeass and eJBmlles of tieemt track. These bond* nave a 



The .. 
lows from 
and on 122 
Ulenof 

sinking funds! 1% per eeat 
eabtMt to call at 100. the 5s at l 



the 4s are 
.In line and branches 



covered ".hall sot exceed In the aggregate 9OO mllr,." at 9I6.OOO 
per mile: on second track (of which Jan. 1. 1894, there 



were 86 



mile*) may he Issue* an additional fU.OOO per mile. 

The /ttMr Exteaaioa bonds can be lariass< only for seeoad track 
at * 10,000 per mile. 

Ae euUsseral treat JTsirarte SS*HM<* boads of 1987(ir*w - 



Trust Co.. of Mass.. 
and 910.00O par auto tar 
\ i.xrarlof deed V. 45.D. 441. 



at 930.0OO per mil* for siagle 
track oa not STCCSitlng 1.5OO miles. 



i<jrisMiiHkTrs)jriirei>SMisi(.mortggef 18781s for 
.endUnowalstM. or 1st collateral Uea: all except tae 
>of Ml ns< bonds are subject to call for the sis king fund at 
aar. 9203.600 baring bMB retired la 1894. The " exempt " bond* may 
t oaUed artsr 1909T 

The 5 fr ami iliiilnrii of 18>0 aad 1893 are emesrelH* into stock. 
r tfaas) jrtor to December 1. 19O2, except when books are closed. 
5 of Us BcmasiEVT for Oct.. 1896. 
y b* drawni before maturity at 



Interest, as stated la the table above. 




OmaAt, roAiom. The Chicago Borllagtoa * Qnlac 
fees been one of the most yi IBUhfi la tae country. as Its 
traaeaaa Mbutary to the aula llac were bnUt Into ckrteea 



Qnlacy Railroad 



of the principal article* carried 

_._- , , _-jrdlng to the *iie of the crop. 

The company's staking faads hare msOsa to Jaa. 1, 1896. over 
916.000.000. With this money about 97.OOO.OOO of the company's 
beads havebeea aaaislia. while the remainder ef Ike each not sVusod 
beaeat of tke several slaklag fund loans 
alive drawing Interest aad are therefor* 
aadtasfoeM. la 1896 Ike aggregate 
l.OOO. of which about 8?'K).'HX> 



has 

fc beads 



beea Invested 



nvested for the 
that are held 



la the 



89.000.000 

wbleha, 



fund aad the balance 
merely as part Interest en funded debt. 

931.9iO.UOU; of this amount 
Hannibal A St. Joseph, from 



Mttseasvet 



la reretred (see that company), while 9> .047.OOO 
her steeks aad 91S.263.0OH for lejproremente, 



aise. ea Ike ether haul, the 
-i ifaaBibal A Ht. Joseph stock 



panr 

*i.ve 



owns 
meu- 



oaat ef Mocks aad heads, a list of the same being 
778 aad 877. The road owned oaliunded ami the 
are all owned were la 186. as fellows : 

1MB] 

; 




a V. 63. p. 775. 

ala beads 9o47j>OO, Jaa. 1; QaneyAltoYA Stil*. 9rst 5*'7lu!uoo'. 
Feb. 1 : Omaha A 9. W. nr*t 6* 966D.OOO, June 1. and !iraska Ky. 
7*8949^)00. Oct. 1. 

EABXIXO*. From Jaa. 1 to Kov. 3O (11 months) earnings. 



. 
Including U 



11 met. Orsss. ' ~ get. Okmrmte. 

1896 ..931,221,403 9U.649 8 tO 
1993... 30,736.470 MM t 

For year ending June 90, 1896, see V. 63, p. 877. 



n-tlanre. 
9-'."" 
1,7- 



AmrcAL Rtrnrr.- fleeal year cads Dee. 31 




- 

T" H 



r*arcit*1.IkK.31- 1895. 

~e aerated 

. _ . grsessej as. 984374. 192 
Oper. exv. A tax. 16.7 1O.539 

Wetesrnlng. 98.143.653 

' 

It't ...rt.n,.-, s- |.. : . t 

toV A ftrh't" . l.H 15.942 

IB.AM.LIT. 41.173 



18M 

834.667.132 

:. .-i I 



Annual meeting Is held 
iillhi-d at much 
operations for 
only In -other 

D 

- . : 18M 

5,5tHf 5,556 

831,042,969 933.002.394 

21.224.504 22,469,011 



*-. : M I 



810.533,383 



(66-02) (68-37) (68'O8) 

9***ajOM 80,818.465 610..-. 



1.771,092 



, 

i --!.-< m 



73J26 



1O8.422 



188.572 



910.610.476 910395,444 911,697,979 612.OO3.773 



189ft. !-!. 

Rentals paid.... 9229.860 9264,971 
Interest on debt 6,572,627 6,492.429 
Dividends..... (4) 3,280.108(4%)3.895.128 

Car.tosluk'grd. 76O.243 77.;. .-7 



1898. .-. 

9810,260 9314.573 

6.538,911 6,113,738 

(5) 3.960.252 (5) 3.819,922 

765,090 765,186 



Balance ...... def. 8232.362def.91,O3O,471 sur.9123,466 sur.9990,354 

-( V. 63. p. 458, 77S. 793. 877. 1114. 

< M. ago tc F.m.lrrn Illinois RR. fSee Hap.) Operate* road 
(double track to Danville. 1O6 miles) from Chicago, ni.,to Terre Haute, 
Ind.. aad the bituminous coal flelds. (USee this oo.) 



Line* SHIMS! < fee. MUa. 

Dolton to Altamont. Ill 

RossrlUeto Sldell. Ill 34 

Momeaee to Ind. State line 

June. Chic, A Ind. Coal Ky. 11 
Clssna June, to ClMna Park... 11 
ChJe.4IndianaOoalDlr.,Braill 

to La Crosse, In.l.. et 182 

Donbletraek. /at 

Bide tracks 117 



Proprietary line* (totted.) 
Evans. T.H. A Chlo. RR..1T.... 40 

Ind. Block Coal RR ............. 13 

Ch. Pad. A Memphls- 

Altamont to Marion .......... 90 

Tratkaat, tie, 

Otter Greek Juno, to Terre H.. 6 
Dotton to Chicago, Ch. AW. Ind. 17 



Total operated Feb. 1, 1897. .637 
HisTOBT. LIASES. Ao. Reorganixed under existing title September 
1.1877. On June*. 1894, formally consolidated with the Chicago * 
Indiana Coal RR. Bee V. 58, p. 987. Also owns control of Eransvllle 
Terra Bant* * Chicago RR. and 91.OOO.OOO stock of the Chicago * 
Western Indians -which aae, baring all the local traffic of the latter 
road from Dolton Into Chicago. In January, 1890, a ten-year tradio 
contract was made with the Kvansrllle * Terre Haute tor the opera- 
tion of a through line t~tweaa Chicago and Bran-Mile. V. 55. p. 995 

in i i -.. tti.- c A i: i BBBBBJI i |... ;..n ..,- rn.. Ohloago I-.I.IM 

cah * Memphis, which It will merge in the spring of 1897 and ri- 
lls bonds. A connection from Bhelbyrllle to Altamont, 25 



miles, was built and consols Issued thereon. (V. 63. p. 1 158.) 

CtrTTAL 8n>cK. The common stock Is entitled to all surplus after 6 
per eeat oa the preferred stock. In addition to the amount., outstand- 
ing In the table. 9--MS8.8OO common and 8407. loo preferred were held 



la the company's treasury June SO. 1899. 

IMVII.KKD* (1888 '89 '90 -91 

onpref..p. e. } 7t 6 6s. 4% 



92 to Jan.'97. Inol. 
6 p. o. yearly 



Bovoa. OOAJLUrnaB, Aa The Chicago A Eastern Illinois guaran- 
tees the Interest on Eraasrille Terre Haute A Chicago laau-> (see that 
company) aad Interest on 8150.OOO Indiana Block Coal 1st 7s. 

Tae ftiurml eonttHdulei mortgage of 1887 (trustee. Central Trust 
Company) provides for the retirement of 96.O42.000 prior bonds and 
for Issue of bonds on new road at 918.0OO per mile for single track 
also for bend* for equipment at 7.OOO per mile and for double track at 
98.OOO per mile. These bonds are a .Mrs/mortgage on 151 miles of road. 
Including the line from Roserllle via Bldell to Altamont, etc., also on 
equipment ralued at 9.2.3A3.OOO. and upon real estate In Ohloago cost- 
ing over 91.2OO.ooo. They also cover 1OO miles of double track from 
Danville to Dolton. 111., and rest of property subject to prior Ileus. As 
to Chicago Padneab A Memphis, see above. 

G'Aieeyo 4 Indiana Coal ftrtt mortgage of 1886 (trustees. Metropolitan 
Frost Company and R. B. r. Pierce) U for 9LOOO.OOO on road from 
Veddo to BrasU and 92S.OOO per mile (97,000 of this for equipment) 
for extensions; second track. 98.0OO per mile. The bond* hare been 
assumed by the C. A E. I. 

OUTKBAL PWAKCBS. This company own* most of the capital stock 
of the Brazil Block Coal Co.. and carries all Its coal. It carries also 
the coal of the Orape Creek region. It ha* bought within a few yean 
terminal property In Chicago worth over 91.2OO.OOO. In May. IH'.ltf, 
fl l.OOO consols was Issued for branches. On June 30. 1896, nay rolls 
ana current accounts were 93O4.765; "other liabilities," (807,856. 
Cask on hand, 9130.729; bills and account* receivable, 9310,263. 

EiBXixos. For 6 months, July 1 to Deo. 31 : 

6 montht One*. Net. In If ml. Bal., turn. 

1896 92,092,924 9783..VH) 9483,140 929H.42O 

1895 2,215,420 835,624 486,274 349,350 

AIOCCA L REPORT. Fiscal year ends June 3O. Annual meeting ls held 
In Chicago on the first Wednesday in June. The annual report for 
1895-96 was In V. 63, p. 455. The company receives low rates for Its 
freight, the rate per ton per mile being 54-100 of a cent In 189596; 
59TOO in 1894-95; 63-1OO In 1893-94 and 59-1OO of a cent In 1802-03. 
Of the traffic about H4 per cent in year 1893-94 was coal. 

Tear end. June 3O. 1896. IBM !-'! l-:i:i. 

Miles operated 522 Ul 516 !- 

Gross earnings 94.014.624 93,667.869 93.86O.115 94.440,950 

Oper. exp. A taxes... 2.433.888 2.508,371 2.4O0.710 2.990,314 



Neteamlngs 91,580.736 91.159.498 

P. c. op. ex. to earns.. (6O-62) (68-:N) 
Met(lncl.otb.tnoome).91,735,3MO 91,329,151 

Interest paid 968,995 962,901 

Rental* 234,478 234,959 

Div. on pref. stock . . (6) 289,842 (6) 289,842 



91.450,405 

(62-48) 
91^76,091 

942.788 

238.756 

(6)28(1.914 



91,456,644 
(67'24) 

91.523,386 
913.016 
221,071 

(6) 283,986 



Ralanoe sr.9242.O65 df.9158..tol sr.l07.34 sr.*lO.1.313 

-(V. 61, p. 6O9 ; V. 62. p. 988. 1039; V. 63, p 226, 228, 4S5, 1 158.) 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



O \ LT- ' -Q rrrr / 

-P^Frfv 
y _v. ^-e^Visv- 3 * 



Y^Si?\ i 

ISSNA PARKi.V.i^''/ I XT//!-//.. 



W^oU ^^>lColfaxV 
Wjffitt /\ \ 
aEDERSBUHc4. \y N 



Nckfl V/>S^PA^LNOcTTY i7~^ S 

JK/a//////sifSi\\nn : \Mi: I 



EASTERN ILLINOIS 



j ^^ * ^ -T! H"ft v"ndu *m 

.ewf^ ! /'"' VI \ 



prin gfield 
tlaKljsville 

S 
NASH VI LL^ 1 




JANUARY, 1887.J 



RATLEOAD STOCKS AND BONDS. 



31 



MAP OF TIIK 

CHICAGO GREAT WESTERN 



RAILWAY. 




LNVESTOKS' SUPPLEMENT. 



[VOL. LXIV. 



Mkwertfcara wll eoftr a re* faror by firing 


immediate notice of any error discovered In these 1 

TTCTWBTZflT r"R TTVTT>EN"Dfl. 


rabies. 


RAILROADS. 
r !* of column heading*. Ac., ee note* 
on Bnt page of tablee. 


Miles 
of 
Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


pal, When Doe. 
Stocks Last 
Dividend. 


OMnwe 4 r-8took (all held by Krle). ........... 
litfi.. iold. Intercut mar. till principal U paid, .c' 
lieoaie bond, for 910,000.000 5 p. o. non-oum... 


249 
240 


1800 
1890 

I*KH 
1891 


*loo 
l.ooo 
l.OOO&o 


$100,000 

1 '-',000, (100 

10,000,000 

300,000 
1,313,000 

74,750 
6,600,000 
546.000 
5,454,000 
6,000,000 
2.823.150 
8,121,300 
3,509,800 
61,208 
6,587,000 
4,569,400 
7,444,190 
20,809,145 
1,207,405 
969,697 


5 ft. 

Mostly 
5g. 
5 g. 


M. A N. 
owned 
J. & J. 
J. A J. 


New York, Erie RR. 
by Erie RR. 
New York, Erie RR. 


May 1, 1982 
Oct. 1, 1982 
July, 1918 
1911 


oSS^fori UaHiZn* btt Hoiiut- IM mort .gold 


.... 


1,000 




flMMW A OrM4 JVm*-8toclr 


66 
327 
327 
815 


1880 

1H80 

1HS-J 

1889 


500.U'. 
100<&c 
l.OOOAo 


6 
B 
5 
5 g. 
4 per an. 
4 scrip. 
No infM 


J. A J. 
J. ,v J. 
J. A J. 
J. A J. 
J. A J. 
J. A J. 


5 N. Y. Agency, Bk. of 
) Montreal ALondon. 
N. Y., Bk. of Montreal. 
tf.Y.,Lon. A Amsterdam 
London.R. Benson A Co. 
do do 


Jan. 1, 1910 
Jan. 1, 19OO 
Jan. 1. 1922 
Jan. 1, 1934 

Jan.15,'97,2% 
Jan. 15,'97,2& 


UtBoruam forW.OOO.OOO.f (cur.) A* c*r 
M atm li i tci (currency) o ** 


rflTwa!^8t.P.^UC.6.pr.loan.r^.atl05.aMUin 


100 

too 

100 
100 


Do. dividend In acrlp 
Debenture crlp (not Interest-bearing) 
Preferred 10011 A, 5 per cent, gold 






Do. dlTldend In icrlp... vji-ivA 
Pref. stock B.4 per cent 9K>.OOO,OOO 
Common tock. 930,000,000 -- 
C. St. P. * K. C. equip, lease wai-rant*. assumed. 
Bterltn* loan note* (no mort.). *2OO,000, (OML.. 
CAw-. Hammond * IV<-n-Utmort.,$2,5o6,OOO. 
OkU. J*nt. Rr*. * V*. 81k. Ford-See MISCBLLAN 
Okie, Kulamcuoo * &viiw-8tock (92,000,000 an.) 
lit M., 9a28.000.g5ld. sublect to call at 103... 0> 
Ckiraao Miticaukre * SI. Paul Common Block. 
Preferred stock 7 per cent yearly, not cumulative . 
Milwaukee A St. Paul loans- 
Iowa A Minn. 1st H. convert. Into pf. stock. .0* 
Prairie du Chlen 1st M. (Mil. to Pr. du Chlen) .0* 
2d mortgage, convertible Into pref. stock ..c* 
Iowa A Dakota 1st M., conv. Into pref. stock, .'o 
River Dlv. (8t.P.AC.> 1st M. con. Intopf.stk.g.o* 
HuUn A Dakota 1st M., conv. into pref. st'k 


BODS 
45 

230 
195 
195 
126 
129 


1896 
1897 

COMPA 

1895 

1867 
1868 
1K08 
1869 
1872 


100 
100 

siooAc 


7 
6g, 


M'thly. 
Sem-an. 


New York City. 
London.R. Benson & Co. 


1897-1901 

1901 

"l899" 


NIKS. 
100 
1,000 
100 
100 

1,000 

1,000 

1,000 
1,000 

$A 


450,000 
225,000 
46,027,261 
27,285,900 

1,736,000 
3,674,000 
1,106,000 
434,000 
3,796,500 
89,000 








6g. 
See text. 
7 per an. 

7 
8 
7-3 

7 

?" 


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

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


Detroit, Union Tr. Co. 
N.Y.Offlce,30 Broad St. 
do do 

do do 
do do 
do do 
do do 
London and New York 
N.Y.Offlce.30 Broad St 


Dec. 1, 190O 
Oct. 21, 1896 
Oct. 21,1896 

July 1, 1897 
Feb. 1, 1898 
Feb. 1, 1898 
July 1, 1899 
Jan. 1, 1902 
Jan. 1, 1903 



Chicago & Krle RR. (See Jfap SricRIi.) Owns from Marion, O., 
to Hammond, Ind., *49 miles, and leases trackage over Chicago 4 
WMtern Indiana to Chicago, 20 miles. Practically merged into the 
Erie RR. Co. 

BOKD8. The flnt mortgage (trustees Central Trust Co. and Edward 
Daniels) covers 249 miles of road, the contract with the Chicago A 
Western Indiana, $1,000,000 of that company's stock and $240,000 
took of Chicago Belt Ry. See f lUl abstract* of mortgages in V. 51, p. 
911 to 913. (V. 59, p. 781, 965; V. 81, p. 559, 750.) 

Chicago Fort RladUon tc. Dee JHolnee Ry. Road completed 
froni Fort Madison to Ottumwa, la., 71 miles. In December, 1892. 
Capital stock June 30, 1896 authorized, $5,000,000: outstanding 
91.97O.2OO; par, $100; the funded debt was $1,387,750, of which 
74,750 was Income bonds; current liabilities were $29,009. In year 
ending June 30. 1896, gross, 95,961; net. $31,759; interest ($65,650, 
of which 50 per cent was paid with Income bonds), $32,825 ; balance, 
deficit, $1,066. In 1894-95, gross, $91,809; net, $32,614. 

f 'till-ago it Grand Trunk II y. Owns from Port Huron, Mich., to 
Eladon, 326 miles; leases Grand Trunk Junction Railroad, 4 miles, and 
trackage Chicago A West. Indiana, *> miles ; total. 335 miles. Stock, 
96,600,000 In $100 shares. The Grand Trunk of Canada 
give* a traffic guarantee of 30 per cent of gross earnings. Third 
mortgage for 96,000,000 was authorized in April, 1893, but will not be 
Issued to the public. On Jan. 1, 1895, bills payable were $80,100; int. 
due Jan. 1, $223, 499; sundry outstanding accounts and wages, $1,- 
742383, against which the company had cash $110,622; "sundry 
aaseu," 9417,704, and outstanding traffic balance, $129,322. 

EAMIXOS. (11 num.). > 1896 Gross, $2,859,436; net, $251,508 

Jan. 1 to Nov. 30. $1895 Gross, 2,529,746; net, 85,628 

For year ending Dec. 31, 1895, gross earnings were $2,796,178; net, 
999.371: Interest on bonds, $660,OOO; rentals, etc.. $211,172; balance, 
detl,-n>771.-(H. cif wl.icli *(ii;o.oo<> was paid by <; i and Trunk of Can- 
ada under traffic agreement; deticlt carried forward, $324,640. In 
1894 gross, $2,731,749 ; net, $15,988. (V. 60, p. 794.) 

Chicago Great Western THy.ISct Map.) ROAD. Operates the 
"Maple Lear' route, radiating from Oelwein, la., northerly to St. Paul, 
easterly to Chicago and southerly to Kansas City, and embracing : 

Omud by deed Miles. \ Trackage, rtc. Miles. 
Ohio. St. P. A Kan. City Ry. | St. Paul to Minneapolis 11 

Chicago to 8t. Paul, Minn., I Chicago terminals 10 

and St. Joseph, Mo 690 I Dubuque to Aiken 16 

Branches to Hiiyticlil, etc 125 | DesMolnes terminals 3 

Owtudin/te Leavenworth to Kansas City.. 44 
Bee Creek to Beverly 23 | Sycamore to DeKalb, 111 6 



Total operated 928 

The Leavenworth Terminal Ry. & Bridge Is used into Leavenworth. 

HISTORY. The Chicago St. Paul A Kansas City was organized in 
May, 1886. and In December, 1887, merged with Minnesota A North 
western, chartered in 1854. First mortgage coupons, Jan. 1, 1890, 
to July 1, 1892, inclusive, were funded into priority loan for $2,823,- 
150. In August, 1892, reorganized per plan. Vol. 55, p. 856. Each 
91.OOO of Minn. A N. W. and Chi. St. P. A K. C. first mort bonda was 
given $500 debenture stock and $6OO pref. "A" stock. 

OBOAHIZATIOX. On Sept. 7, 1893, the company having become the 
owner of over 97 per cent of the 1st mortgage bonds and over 99 per 
cent of the general mortgage bonds, acquired by deed the title of the 
Chicago St. Paul A Kansas City Ry. (815-67 miles), subject to the 
mortgagee, the bonds which it owns being kept alive. It also acquired 
the title to the Leav. A 8t Joseph Ry. (23 miles), which Is unencumbered 

BBCtnunu. Total authorized laues of new securities: Debenture 
(took guaranteed 4 p. o., $15,000,000; preferred, A. $15,000,000; B 
910,000.000; common stock, $30,000,000. 

The holders of debenture and preferred A stock appoint the finance 
committee, which exercises general supervision of the company's 
finance*. Additional securities of said Issues can be put out, but only 
with consent of a majority of both said classes of stock present at ameet- 
Inr. Securities of other issues having a lien prior to preferred A can be 
created, but only with consent of two-thirds of both classes. The sev- 
eral dame* In case of liquidation will have principal paid in gold ac- 
cording to their priority right to dividends. 

Debenture stock outstanding June 3O, 1896, on which dividends 
are payable ID cash, $8,121,300; In scrip, $3,509,800; yet issuable 
In exchange for C. St. P. A K. C. first mortgage bonds. $180)000 ; issuec 
In trust to Finance Committee for redemption of interest warrants 
and scrip. 9l.488.900. On N. Y. Stock Exchange in October, 1896, 
913.297.fKX) debenture stock had been listed. Preferred stock A on 
whlru dividends are payable In cash, $0,587,000 ; in scrip, $4,569,400 ; 
Isiuable for Ont mort. bonds $216.000. 

Debentitrr Hrnp. Outtnndlng June 30, 1896, $61,272; issuable In 
payment of Interest, as It matures, on debenture stock, and dividends 
r erred stock, $690,424. The lerlp bears no Interest. 

Sterling Lnin.ln January, 1896, the company secured a loan of 
4200,000 without collateral, of which 70,OOO was for the purpose 
of paying loan due In 1896 and 130,000 for reducing grades and 
general Improvements to the property. (V. 63, p. 399, 702 ) 



GENERAL FINANCES. In April, 1894, debenture stockholders and 
preferred ' A" stockholders were asked to subscribe in the amount of 
[2*3 p. o. of their holdings of these stocks to additional debenture stock 
at 80 p. c. Stockholders so subscribing to receive their Interest and 
dividends in cash; those not subscribing 1 o receive Int. and divs. in 
debenture scrip until 12^ p. c. of their holdings has been so received. 
V. 63, p. 399. The Merchants' Warehouse Co. was incorporated in 
Oct., 1896, to build warehouses for storing grain along the Chicago 
Great Western. It is an entirely separate enterprise. V. 63, p. 968. 

DIVIDENDS -The company paid interest on all debenture stock In 
cash 1893, 4 p. c., and in cash to holders subscribing and in scrip to 
non-subscribers in 1894, 4 p. c.; in 1895, 4 p. c.; in 1896, 4 p. c.; in 
1697, January, 2 p. o. No dividend on preferred to January, 1897. 

FLOATING DEBT. On June 30. 1896, temporary loan from operating 
accounts was $22 1,449. Debenture scrip for $680,347 is issuable in 
payment of interest and dividends, as they mature, to holders who 
did not subscribe as above. 

LATEST EARNINGS. Calendar year 1896, gross, $4,652,032, against 
$4,089,572 in 1895. 

ANNUAL REPORT. Fiscal year ends June 30. Report for 1895-98 
was given In V. 63, p. 399, showing : 

Tear ending June 30. 1896. 1895. 1894. 

Averagemlleageownedandoper'd 927 922 922 

Total gross earnings $4,709,820 $3,636,098 $4,011,710 

Operating expenses and taxes... 3,454,243 2,936,749 3,002,897 



$699,349 $1,008,812 

$621,296 $545,82S 

448,616 454,963 



Net income $1,255,577 

Interest $656,982 

Rentals 436,602 

Balance sur.$161,993 df.$370,563 sur.$8,026- 

A. B. Stlckney, President, St. Paul, Minn. New York Transfer office, 
18 Wall St. (V. 62, p. 1136; V. 63, p. 399, 559, 702,968 ) 

Chicago Hammond & 'Western It It. A belt line around 
Chicago from Whiting to La Grange, 111., about 23 miles. Extension 
to Franklin and Desplaines is proposed. The Terminal RK. from 
Chappell to Union Stock Yards is operated by C. H. &. W. see Mich 1- 
gan Central. 

Intersects nearly all the roads entering the city. From Blue Man 4 
to La Grange the tracks of the old Calmuet Terminal are used under a 
long"time lease. 

Capital stock, $1,500,000. The mortgage is to be for $2,500,000. 

President and General Manager, J. P. Lyman, 218 La Salle Street, 
Chicago, I11.-(V. 62, p. 778 ; V. 63, p. 356, 793; V. 64, p. 135. ) 

Chicago Kalamazoo & Saglnaw Ry. Projected from Kala- 
mazoo, Mich., to Saglnaw, Mich., 125 miles, of which 45 miles. 
Kalamazoo to Woodbury, in operation. In December, 1895, $450.000 
stock was outstanding. The first mortgage is for $225,000 to Union 
Trust Co. of Detroit, as trustee, and covers 44 miles of road. The 
bonds are subject to call at any interest period upon "payment of an 
amount equal to six mouths' interest on said bonds as a premium for 
such payment." In 1893 gross, $53,514 ; net, $18,450. V. 61, p. 1063 

Chicago Milwaukee dc St. Paul Ky. (See Map.) Operates 
from Chicago westerly to Omaha, Neb., and Kansas, City. Mo., with 
lines, traversing Wisconsin, Minnesota and the Dakotas, including: 



Road. Miles. 

Lines owned (of which 11 
miles owned jointly) in- 
cluding Milw. A Northern, 
426milea 6,151 



Road. Miles. 

Trackage 61 

2nd A 3rd tracks 21ft 

Controlled, over, separately. 
Des M. No. & Western 150 



HISTORY, Ac. The Milwaukee A St. Paul RR. Co. was organized May 
5. 1863, and on Feb. 11, 1874, took its present name. The system has> 
since been greatly extended by the construction and acquisition of 
other lines. The stock of the Milwaukee A Northern was acquired in 
September, 1890, in exchange for common stock, and in Sept., 1893, 
the sale of the M. A N. to the St. Paul was ratified. In August, 1894, 
a controlling interest in the Des Moines Northern A Western had been 
acquired. The road will be operated separately. V. 59, p. 228. 

CAPITAL STOCKS. The preferred stock has a prior right over the 
common stock to a dividend of not over 7 per cent from net earnings in 
each year, but If not earned it has no cumulative right. After payment 
3t 7 per cent on preferred and 7 on common, both classes share pro rata. 
Common stock authorized, $47,062,560. Preferred stock on July 1, 
1889, was $21,610,900, and it has been increased to present figures by 
exchange of convertible bonds for stock. On July 1, 1896, $24.933,- 
500 prior lien bonds outstanding were exchangeable for preferred. 
DIVS. since 1888. ) 1889. 1890. 1891. 1892. 1893. 1894. 1895. 1896. 
On common. > 2 4 42 ? hp i nw 

On preferred. ) 4i* 7 7 7 7 7 7 ] Dt 

In 1896 on common, April, 2 p. c.; Oct., 2 p. c.; on preferred, April, 
3*2 p. o.; Oct., 3*8 p. c. 

BONDS. Abstracts of some of the principal mortgages were pub- 
lished in the CHRONICLE, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 83O. 



JAM'ABY. 1897.] 



RAJLKOAD STOCKS AND BOXDS. 




INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



KAII.UOAI 


. 

Mile* Date 
of ; of 
Road. Bonds. 


===== 

Sice, or 
Par 
Value. 


: 

Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Htmils Princi- 
pal, When Dne. 
Slock* Last 
Dividend. 


Rate 
Per cent. 


When 
Payable 


Where Payable, and b v 
Whom. 


For explanation of eolomn kj*^"**. *" *" noM " 


tl ( .jt JflliiBiiYcr 4 tt. raut<Contludtd) 
Oak!* MIL l.t mort. (conv. lnu> pref. stock).. e' 
Chleaco Milwaukee * m. Paul loan* 


83 

1,435 
1,435 
335 
212 
419 
183 
395 
395 
185 
107 
161 
351 
120 
1,117 
68 
230 
119 

159 

77 
525 

.-,.7-J'J 
126 
362 


1873 

1874 1 
1875 

1-7-i 
IST'.I 
mso 

1SSII 
1SSO 

l--.ll 

1879 

l-7:t 
ISM) 
l-so 
1-SO 

- 1881 
1881 

1-M 
1883 
1SS4 
IMMI; 
isst; 
1886 
1889 
1880 
1884 


$1,000 

.000 

,000 

,000 
.000 
.III HI 

,000 
,000 
,000 
,000 

500 
,000 

,000 
,000 

1,000 

1,000 
1,000 

1.000 
1.000 
1.000 
1.000 

1,000 

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


$2,393,000 

186,000 
11,298,OOO 
3,505,000 
4,000,000 
7,432,000 
2,840,000 
5,680,000 
990,000 
2,500,000 
1,106,500 
2,270,000 
6,470,000 
3,000,000 
25,340,000 
1,360,000 
4,755,000 
1,250,000 
4,748,000 
2,856,000 
3.083.0OO 
1,444,000 
Bee text. 
2,155,000 
5,092,000 
30,000,000 
390.0OO 
650,000 
28,855.000 
400,000 


7 

7 
7 
7 
6 
6 
5 
7 
5 
5 
7 
6 
6 
6 
5g. 
5g. 
5 g. 
6g. 
5g. 

! g - 

5 

6= g ' 
6 


J. A J. 

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


N.Y., Office, SOBroadSt. 

do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
Boston, Lee Hlgginson. 
N.Y. Office, SOBroad St. 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
N.Y., Cn.Mll.A StP.Ky. 
do do 


Jan. 1, 1903 

Jan. 1. 1904 
July 1, 1905 
July 1, 1908 
July 1, 1909 
Jan. 1, 1910 
July 1, 1910 
Jan. 1, 1910 
Jan. 1, 1910 
July 1, 1919 
Jan. 1, 1909 
July 1, 1920 
July 1, 1920 
Jan. 1, 1910 
Jan. 1, 1921 
July 1, 1921 
July 1, 1921 
Jan. 1, 1924 
July 1, 1914 
Jan. 1, 1916 
July 1, 1926 
Jan. 1, 1916 
May 1, 1989 
June 1, 1910 
June 1, 1913 




A D Kit 1st M.. convert. Into pref. utock.c' 
ft. W IMr l.t mortse Wwteni Onion RK. .0' 




Hart. A I>k. Dlv.. extension, lut mortgage.. 
do do o 


WiVal.RRCo.lrtM..TomahtoMi-rrill. WU.C 
Wfc. VaL Dlv.lit M. of 1880, .. f., not dfn.o- 
Dub. Wr.(Ch.CLD.AM.) l.tM.. *. f-.notdr-n.o 
Chic. A Pac. DlT. lt M. (Chic, to Klttredge) . .0* 
WwtoraOlT. litroort, (see text) gold o* 
Cale. A LakeHuperlorDlr. Ut mort., gold... o' 






Dakota A Great Southern 1 *t mortgage, gold 
Chicago A MUaouri River Dlv. tut mortgage... c- 
lae. M..oonvert., s. f. {80.0OO yearly (dr. at 105)c" 
Oam. mort. (forflM>.OOO,OOO). gold Series A.c'Ar 
MUw. A Niirtb'n lit mort., Sohwari.to Or. Bay..c' 
Con. M. ($17.000 p.m.). 1st M. north of Gr.Bay.o* 


Ckttaao* XortACT-K Parijle Stock 
Chicago A Great WeeternlrtM. gold 0' 


10 


1886 


I 8 ' 
7* 


J. A D. 


Chicago, 
do 
Apr.,'93,coup.la8t paid. 


June 1, 1930 
May 1, 1938 
April 1 . 1940 
1936 


CUi of Chicago purchase money mort cage 
IM M. for $30.000,000, g., abn. V. 52, p. 465..O-M 


65 >i 


1890 


1,000 


A. A O 
J. A D 













The following bond* are eonrertiblc into preferred ttock at any tune 
within tn day* after a dividend shall have been declared and become 
parable on the preferred: Iowa A Minnesota 7s, due 1897, Prairie du 
Stan 2ds. Iowa A Dakota 7s, Iowa A Dakota Extension 7s, River 
Division 7*. Chicago A Milwaukee 7s of 1903. Hasting * Dakota 7s of 
1903 and rh. Mil. A St. P. consols of 1875. The consols of 1874, also 
are convertible Into preferred within 15 days after dividend day. The 
convertible bond* were fully described in SUPPLEMENT for Mar. '93, p. 2. 

Ckicago 4 Paeijle Wetlern Dirifion 1st 5s were Issued at $20,000 
per mile for road, with additional amounts for equipment and 
bridge*; no further bonds can be Issued. The mortgage covers the 
following mile* of road: Farley, la., to Kansas City, Mo., 341 miles; 
Marlon, la., to Council Bluffs, la., 262 miles; Astor, la., to Aberdeen, 
Worth Dak., 352 miles; branches 162 miles; total, 1,117 miles. 

Terminal fin per tent bonds of 1884 cover terminal property 
of several hundred acre* In Chicago and Milwaukee. 

The "income" bond* of 1886 are convertible Into common stock 
within 60 days after any dividend day, and have a sinking fund of 4 
per cent, $80,000 worth of them being drawn for payment yearly at 
100 If not obtained for less. 

The general mortgage of 1889 (see abstract In V. 48, p. 830) is for 
$15O,OOO.OOO, to the United States Trust Co., of New York, as trustee, 
and covers the entire rail way property and franchises of the company 
(therein described) subject to prior liens as below mentioned. The 
prior lien bonds cannot be extended, but will be paid off at maturity. 

On July 1, 1896, the following amounts of general mortgage bonds 
bad been Issued or were reserved for the purpose Indicated, viz : 

Lteted on New York Stock Exchange $19,010,000 

Unlimed and In treasury of the company 3,163,000 

Total given a* outstanding 

Reserved for prior liens. 

Originally reserved for prior liens, which have since been ) 
eon verted Into pref. stock. Will evemually become > 
available for improvement*. (See also below) ) 

available tor improvements, etc. (see also below) 

Total authorized $150,000,000 

The 921,41 1.000 outstanding Include $6,000,000 Issued to pay for 
178 miles of sundry small branches on which the general mortgage is 
a flmt lien, and to retire the $2,500,000 first mortgage bonds of 
Chicago Eranston A Lake Superior Ry., a Chicago suburban road; 
alao $3,583.200 lasued to replace prior bonds paid and cancelled. 
The $9,775,000 "available for improvements, etc.," of bonds above 



1895-96. 1894-95. 1893-94. 

Interest on debt ^ $7,611,928 $7,629,377 $7,503,748 

Dividends on pref. stock (7) 1,846.313 (7)1,818,802 (7) 1,809,213 

Dividends on com. stock (3) 1,380,817 (3)1,360,818 (4) 1,838,307 

Miscellaneous 57,560 95,822 

Surplus $2,173,260 def.$402,734 $67,213 

CONDENSED GENERAL BALANCE SHEET JUNE 30. 

Atiet* 1896. 1895. 1894. 

Road and equipment, etc $221,809,232 $221,245,152 $220,198,172 

Cash ....' 5,593,619 2,791,724 3,676,586 

Total assets $227,402,851 $224,036,876 $223,874,758 

Liabilities 

Stock, common $46,027,261 $46,027,261 $46,027,261 

Stock, preferred 20.895,900 26,156,900 25,973,900 

Fundeddebt 139,161,000 139,321,000 138,801,000 

'ay-rolls, vouchers, &0 2,634,038 2,442,2B6 1,669,179 

nterest accrued, not due 3,603,585 3,582,251 3,581,983 

Loans and bills payable 1,000,OOO 

Sinking fund 660,725 669,680 82,02(1 

Rolling stock fund 258,406 260,610 110,669 

Renewal fund 387,154 

Miscellaneous 110,914 97,008 107,706 

Income account 7,663,868 5,479,880 6,521,040 



$22,173,000 
109,742,000 

8,310,000 
9,775,000 



are applicable for premiums paid In retiring or refunding 
convertible and other prior lien bonds bearing a higher rate of in- 
terest than 4 p. c., for cost of branches, second and side tracks, real 
state, bridges, rolling stock, equipment, etc. On July 1, 1896, of the 
prior lien bonds outstanding. $24,1)33,500 (maturing 1897-1908) were 
convertible Into preferred stock ; if from time to time so converted 
they will net free a like amount of general 4s which, with the $8,310,- 
000 reserved against bonds already converted, will become available 
for Improvement*, additions, etc., as soon as the balance ($9,775,000) 
of the amount originally reserved for Improvements has been so ex- 
pended. V. 48, p. 830; V. 50, p. 205. 

UEMHAL FINANCES, Ac. A considerable amount of the stock Is held 
by parties alao Interested In the Chicago A Northwestern, so that the 
two roads are operated as a rule In harmony. Dividends on common 
itock were resumed In October, 1892. See "dividends" above. 

* J' 8 ^ 11 E *change In Oct.. 1896, reports $19,010,000 "generals' 
luted. The earnings since July 1, 1893, Include the Milwaukee & 
orUMrn. Average freight train load In 1895-6 was 167 tons- rate 
per ton per rnllp, 1 cent. 

EARKISO* -5 month., > 1896.. .grow, $14.167,404; net, $5.543.868 
July 1 to Nov. 3O. (1895... gross, 15.303,OB9; net, 6,665,735 
v A .f!' L ? P ? T - Fiscal year ends June 30. Annual meeting is 
held In September. Report for 1895-96 was given in full In V. 62. p 
454.461. SeeaUo editorial, p. 429. The figures below include the 
Milwaukee A Northern. 



Mile* operated June 30 


1895-96. 
(1.151 
$6,147,679 
23,887,930 
2,646,220 


1894-95. 
6,169 
$6,852,781 
18,978,263 
2,504,325 


1893-94 
6,148 ' 
$7,311,687 
21,550,822 
2,465,442 


Fa.M8Oger earnings... 


Freight earning. 
Mall, expreu, Ao., earn. 


Total earning* 


$32.681,829 
. $4 374 724 


$27,r,35,369 

$3,703,466 
2,085,309 
9.748,364 
1,084,700 


o>r>. 


JffOtn99 

Maintenance of way 


$4,469,838 
2,698,45! 
11,284,675 
1,199,077 


Malnt car* and engine* 


2.942,295 
10,52(1,853 
1 082 084 


Transportation, gen. cxp.,etc. 


Renewal account" 


350,000 


Total expense* 


397,851 


421,914 


462,283 


$19,676,808 
$13,005,021 
(60-21) 
64 -v'.7 


$17.043,753 
$10,291,616 
(62-35) 
134,647 


$20,114,332 
$11,213,619 
(64-21) 

lOll.li-i 


Het earning* 


Paret. of op. exp. to earn*. . . 


Other Income 


Total net Income... 




HI 3. 069.878 


*1O 491! '2B.1 


*1 1 31 A Qrto 



Total liabilities $227,402,851 $224,036,876 $223,874,758 

(V. 61, p. 392,418,427, 1154; V. 62, p. 502,989, 429, 454, 461. > 

Chicago ic Northern Pacific RR. ORGANIZATION, PROPERTY 
)WNED, ETC. Organized In 1889 for the purpose of acquiring a term 
nal system of railways in Chicago. It owns 749-47 acres, of which 
65-54 acres are In the heart of the city, and 3,500 feet of docks fronting 
on the Chicag > River between Harrison St. and Fifth Ave. It has in 
operation 42-58 miles of main line, of which 25-7 Is double track, and 
>5-18 miles of spur and industry tracks. It also owns the Grand Cen- 
tral Passenger Station at Harrison und Fifth streets. 

The Chicago & Calumet Terminal Rv., which is to be included in the 
reorganization (its $5,000.000 of stock and $6,000,000 of bonds being 
owned by the Northern Pacific), owns 33 miles of main track and 33 
miles of side track, constituting a belt line located just outside the 
.Imits of Chicago. It has connection with almost every railroad enter- 
ing the city and many important Industries, and does chiefly a switch- 
ing and transfer business between them. It has always been operated 
by the Chicago A Northern Pacific. V. 62, p. 778. 

RECEIVERSHIP. Receivers were appointed Oct. 10, 1893. On July 
1, 1895, possession of the property was surrendered by the Wisconsin 
Central Co. to A. Lawrence Hopkins, Receiver, and has been operated 
by him since that date. V. 61, p. 68. 

SALE. Purchased at foreclosure sale Sov. 17, 1896, for $8.000,000 
under mortgage of 1S90 by the bondholders' committee. V. 63, p. 968. 
RENTAL, ETC. The Baltimore A Ohio, the Chicago Great Western and 
the receivers of the Wisconsin Central lines are tenants of the Chic. & 
N. P. and pay rentals, the former $175,000 per year, the Chicago 
Great Western $150,000 per year and the receivers of the Wisconsin 
Central lines $144,000 per year, last mentioned on account subject to 
adjustment. Also derives income from suburban traffic. 

The interest on the Chicago & Northern Pacific first mortgage bonds 
has not been paid since 54pril 1, 1893. The interest on the underlying 
mortgage of the Chicago & Great Western and the interest on the pur- 
chase money ol the School Board Mortgage has been paid regularly. 
The net earnings after payment of interest on these securities has been 
expended in improvements and liquidation of accounts due. 

REORGANIZATION. Bondholders' Committee consists of J. Edward 
Simmons, Chairman, Henry Budge, R. C. Martin, Simon Sterne, William 
Mertens, W. Allen Butler, Jr. and Alfred 8. Heidelbach. In July, 
1896, the U. 8. Trust Company's receipts had been Issued for 
1 st mortgage 5s deposited under this committee's agreement of Dec. 5, 
1893, and had been listed on N. Y. Stock Exchange. (V. 58, p. 306.) 

On Dec. 3, 1894, the committee submitted a general plan to which 
over 70 p.o. of the depositing bondholders assented within the required 
time, so that under the terms of the agreement the plan became oper- 
ative as to all bonds deposited. In January, 1897, a detailed plan was 
expected shortly. 

In April, 1896, a settlement was made with the Northern Pacific by 
which that company is to return the $2,500,000 C. & N. P. bonds held 
by it (see V. 59, p. 651), and the C. & N. P. agrees to include the Chi- 
cago & Calumet Terminal in its reorganization plan, the Calumet se- 
curities beingowned by the North'n Pao. The N P. and the C. & N. P. 
agree to relinquish all claims against each other. V. 62. p. 725. 778. 
The Northern Pacific will deposit its $20,000,000 of Ch. & N. P. stock 
under the plan, and for its Calumet securities will receive the same 
securities under the plan as $5,000,000 Ch. & N . P. bonds receive. 

EARNINGS 11 months, ) 1896 .gross, $748,400; net, $518.014 

Jan. 1 to Nov. 30, $1895 gross, 702,749; net, 483,654 

ANNUAL REPORT. Earnings for the year ending June 30, 1896. were 
gross, $726,077; net, $349,680; other income, $57,507; int. paid, $52,- 
200: balance, surplus, $354,987. In 1894-5, gross, $726,8112; net 
$361,681. (V. 63, p. 188, 559, 651, 922, 968, 1009). 



vRT, 1897.] 



RAILROAD STOCKS AND BONDS. 



boerlfeera will confer great favor bjr firing Immediate notice of any error discovered In theie Tables. 



for explanation of column heading*, Ac., see note* of 
on ant pace of table*. Road. 



Daft 

of 

Bund* 



Size, or 
Par 



Amount 

Outstanding 



INTEREST OR DIVIDENDa 



Bate per When Where Payable, and by 
Cent. Payable whom. 



Bond* Princi- 
pal, When Due. 
Stoekt Last 
Dividend. 



.Vor* Wtmtrnt Common stock.. 



[ (7 P. e. yearly, not cumulative). 
Ok. A N. W.eon. *. t. M. (912,90O.OOO). not dr-n.c- 
Chic. 4 MIL UtM. Chicago to MIL (a*umcd).. 



lit 



. 

RR. lt M.. convertible 
d* AXkkwurl Rlv.-Bond. auamed. 
Sd DtT.. De*. M. River to Mo. River 



row.Mldl'dl.tJ 



Mort. of 1884, Ced. R. to De*M. River 
dl*tM.,LyoutoAnamo*a( 

Ll*t M.,g. (aJ. 923.000, not df n) 



ext.ltM..r. M. f. 92O.OOO. not dr-n 
Union Irt M.,g.,MlLto Fond-dn-Lae. 




r l.t M.. two aerie* (aanuned) 
. A Mad. lot M., MIL to Madteoa (aaramed) .e 
lah itt mort, guar. (aaiumed) . . . \ 
AN.W.eon*troc, do ..J 
rlor RR. let M., (aaramed) 
'*tM.,De* M-to Jewell Je.,Ae. 
C.F.A Bt. P. lt (935,000 p.m.),gu.c- 
HI. l*tM. (990,0000. mUe).aMUmed..e* 




79(i5.6<5op.m.)red.atl05.cJH 1,041 

71 



..... 

IowaDtv.l*tM.for$1.411,000<$20.000p.m.)e* 
Staking fund debenture* of 1938 (not dr"n).e' Ar 



i of 1909 (*ee lexti e*ar 

for 910,000,000 e*r 

j 4*. $20,000.000 (93O.OOO p. m.)..e*r 

> Valley Ry. l*t mortgage 

PlalnvlewRR. lit mortgage 

Wmona A Bt. Petor 2d mortgage (now let) guar. 
MawrLtoaa,,*^U.lBaT$r^f^coar - 



la aadlttoateboBd* < 



r.. 5-'l,OOO (aad$l 10.OOO ontaad); 



4. -7:! 

4.-J7:i 

788 

85 



1869 
1863 



HOO 

10O 

1,000 

1,000 



$39,070.883 

22,351,100 

12,774,000 

1.700,000 



Text. J. A J. 
7 per an. 



in 

71 
129 
114 



31 

82 

152 

43 

57 
64 



1866 
1884 

1-7.1 
1-71 
1871 
1-7J 
1872 
- 



500 Ac. 2,332,000 
769,000 
1,000 1,350.000 
500 Ac. b 2.977,500 
500 Ac. 2.546,500 
500 Ac. d 3.365.OOO 
' 



1880 

(1880 

11883 

1881 

1889 

1884 

1885 

l7S 

1891 

1883 

1884 

1891 

1886 



500*0. 

i',obo 



1,000 

1.INMI 
1.0OO 

1,000 
l.OOOAc 

l.OOO 
l.OOOAc 



IM 

1-1 



1870-1 



1.000 



1871 ilOO Ac. 



above, t he linking f nndjun 



$1 81.0O O; nT,$ 1 . 143.O Oft' k..~$2O2 .BOO.' 



12,336,000 
560.000 
1,600.000 
1.528,000 

ec.Ot.IHH) 

720,000 
600,000 
1,600,000 
1,500,000 

- 



. . 

1,411,000 
9300,000 

l.OOOAo f 5^69 000 
1,000*0 
l.OOOAe 

1501000 
100,000 
1.592.000 



4,038,500 



7 
7 
8 

7 g- 
1 g- 

* 

6 

6 
6 
6 
7 
5 
5 

5*6 
4>t 
5 
B 
5 

7 
7 

7 
7 t. 



fc 
J. A J. 

INC. A y . 

iJ. A D. 
A. A O. 

E. A O. 
J. A D. 
M. A 8. 
J. A D. 
J. A J. 
M. A 8. 
M. A N. 
M. A N. 
J. A J. 

F. A A. 
M. A B. 
M. 4 8. 
X A O. 
A. A O. 
M. A N. 
M. A N. 
A 15*0 
F15AA. 
A. A O. 
M. A 8. 
M. A N. 
J. A D. 



N.Y.,Co.'eOffice,52Wall Jan 
do do 

do do 

do do 

do do 



^.97,215% 
Jn.6,'97, 1\% 
Feb. 1, 1915 
July 1. 1898 

ISO- 



e 1, 1896. he ldh..$17 2.5OO; r 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 

il.-.l !..-,< HI. ,1 



do May 1, 1916 

do June 1, 1909 

do Oct. 1, 1900 

do Apr. 1, 1911 

do June 1, 1911 

do June 1, 1917 

do Deo. 1, 1909 

do July 1, 1906 

do Sept 1, 1900 

do Nov. 1, 1906 

do Nov. 1, 1905 

do July 1, 1901 

do Feb. 1, 1907 

do Men. 1, 19O9 

do Men. 1, 1910 

do Oct. 1. 1929 

do Apr. 1, 19O2 

do May 1, 1933 

do Nov. 1, 1909 

do Apr. 15, 1921 

do Aug. 15, 1926 

do Oct. 1, 1908 

do Sept. 1, 1908 

do Nov. 1, 19O7 

do Dee. 1. 1916 
,$135,000; e.,9149,000; 



hicago. 111., with Omaha, Neb., St. 
lt* of Dakota. Nebraska, etc.. and 



Chicago A North Wr*lern Hy 
portant ryatemof road* uniting Chi 
Paul Minn., with the great wheat belt* 
with the mining region* of Michigan and the Black Hill*. Innlndlnj 

onooirM*V- Milt*. 
Line* owned In fee 3.O85 



A t .Peter. 



Dakota Central 
Princeton A Wwtern 
Milwaukee Lake Bbore AW" 

Total IncL In ran.... -.".. i 




Fremont Elk Horn* Mo. Val. 1.301 
Bloox City A Pacific 107 

Total Of all MM 

2d track . .... 396 

A l*o km* tmrgt intrrtil in Chi 
eago St. Paul MlnneapoU* A 
Omaha, i. 492 mile*. 

Railway wa* organiiad 

of 




BnrrpBT. Ac. - The (rhieago* 

twa* acquired la the 

lCOL.*Sl0B*Oa. 

_ City A Paetto ware acquired 
rot June. 1*85. aad prior lama. 
held bv Chle. AN. W.. are In table above. 
la DaomBbor.lS9lTtao MUwaokM Lake Shore A Weatora RR. wa* 
OBgat by an exchange of *toek. and on Bept. 1. lD93.lt wa* formally 
lull Into tboChT A 9. W.. an KB UaMUtio* and datto* being a* 

to WUooB*ln Northern 



-BBMha jaxeoptafew aterW of the Fre- 
aadtheBiouatyAPBetB* w 



. 

Mil 8M T. 57.D. 175: V. B6. p. 7*3. At 
j. M. V. 62, p. ST. 6S. p. 31 1, 313. 



CArrriL STOCK. Of the < 
1,795 remained la ihe W. i 



and y /"*< 



93,795 ramla*i1 la Iho ear* troarary la June, 18 Prof. 

arter right to 7 D c.; then common 7 p. e.; thoa preferred 3 percent 

ana common 3 per cent thoa both ilii*** aVaro. 

DiviDKroo- 83.'84. 1 8.'86toJnae30. > 94. Jan.. "95 to Jan. '97lnc 

Preferred:..." 8 8 7>t 7 yearly to Jan.. ft*?. 

DtrUoadi oa rommoa ware formerlr paid Jaao aad Doe. 30. The 

Jtiijt^^A AM A^M^M^^ * f Wj. Mt 1 ^OJ .... _ . .. . 

Bmojoan on eomaami awo 1^0. av, iowa* 
for2Hi rr c^-nt ln-t-i ..f :t i- r r-.-ut. *, . 
Ofmmtm tm 1997 January. 2 par oaat 
BOBIM. The ftturml eantol. 
the atouoitj of the company 
jna ho Eiereaaed only to retln a Ilka 

The HuJHaf f*4 *uU of 1879 are Mrea by dopOBtt la trurt 
of 91S.000.000 of lit mortgage bond* at $lS.OOOpar mile on *nb- 
idmry line*, the moot Important being deaerlbed la BcrnuuT of 
Of the (Inking fund bond* of 1879 96.187.OOO aro 6*; 
fnad I* at loaot 1 for coat of ooutandlag bond*, which 
to call at 100: andtaroagh IU operation the 



mtrtfmfi of 1879 I* mortgage < 
at the date of the mortgage ; the 
a like amount of prior bond*. 



on all 




tknmch IU operation 
m $1^.000.000 to the praarat ngnre. 



The /ova) Mrifint tonult of 1891 cover road from Wall Lake to 

y. low*. 71 mUe*. BM V. 55. p. 217. 

The nkiffu*4 dtttnhint of 1983 have a linking fund of $200.000 
year. If they oaa be naiaaiirl at ' 



. 
of 1884 aad 



i ; 



_ 10ft. TheM, M alM the tU 
1991, will be oeored by any future mortgage 
tgage * for the enlargement. Improvement orexten- 
yVproperty." 8o oeecrlptioB of all the debentoree 
BUT ofApril. 1998. The 25-year debenture mort- 
, to for 96.000.0(10. aad bond* onutandlng have been re- 
eat tgnre* by .Inking fond yuiuhaM* oadi 
I alive Jane 30, 1 

_ * J - -.*t 



'* 



aad 



> M.V.I 



lor which 9631,- 

1 are Moored bv depo.lt In tni.t of flnt 
i not exceeding $20.000 per mile. Included In 
".ware 910.675.000 Fremont Elk Horn A Mo. 
f Wyoming Central l.u (the Wy. Cent, hav- 
I with F. . A M. V.J. ote. To Oct.. 1896. Extaa- 
) had hooa lioted OB N. T. Stock Exchange, of 
1.143.000 were held alive In .Inking fund.. Bee 
w. Union Tm*t Co. of N. Y.. tnutee. 
* Mittmtri TmUrf eonnoU have a flnt lien on 
Hob., to Deadwood, D. T., 557 mile*, and 
i. Ac., 613 mile*), but bealde* the amount 
r In the table 910,675,000 are held a* part 
rthwaotern axtonaton bond* of 1886. The 

_...X>.000 of the Fremont Elkhnrn A MlMourl 

Valley bond* aad gaafaatoM the not. Bee guaranty V. 56. p. 650. 
The TJf I*MM*OT L*lu More *1 rcotam debenture* are oonvertihle Into 
par at any time within ton day* after the date Ixed for payment 
md* oa com. amafc. The oztonawa aad Improvement mortgage 
fnad nnaimiii In 1899, aad will receive not lew than 



> yearly ; theaa bond* are not inhjeot to call. 
In addmon to the company 1 . hono*.aa *hown In the table above, 
thr were May 31. 1896. $2.71 2..%OO .lire In the (inking fund. 
I AW. u*Airr -Th report for 18*5-96 ihowed that the total oon.lder- 

a on for the laad* aad lota Mid la that year amounted to $312.940. 
it e*h neetpt* were $40O.O92. The ctatoment of amount* iiecnrad 
K* paid to the eompaay by ouUtandlag contract* of sale In force at 
m and of the BOOB! yaar ahowed a total of $1,100,580. The l*ndi 
Bll aad BBeontraetod for May 31, 1895. were 698,392 acre*, ogalnit 



OKVBBAL FRIAXCK*. It wa* estimated (In 1895) that the elevation 
of track* In Chicago will occupy about four yean time and cost be- 
tween $1.000.000 and $2,OOO.OOO a year. V. 62. p. 456; V. 63. p. 328. 
In 1895-96 the average freight train load wa* 141 ton*; rate per ton 
mile, 1-04 eenu. 

LATWT KABXreo* Calendar year 1896, groii, $82,115,897, agatns 
#31,503398 In 1895. 

AnruAL RmroBT. Flaeal year end* May 31. The annual meeting I* 
held the flnt Thnnday In June. The report for 1895-96 given at length 
In V. 63. p. 309. 311. SM alao edltorlaTp. 289. 

The following >tatt*tie are for the Chicago A Northwertern proper- 
the .tatUtic* o< the Fremont Elkhom A Mo. Valley are given further 
below aad In the CHBUXICLB. V. 63, p. 3O9. 

TtarnuHnf Mat 31. 1896. 1 - <V 1894. 1893 

AveragomllMoper.. S.O31 .<>U 4.841 4.273 

nlBgl.. $7.48.827 $7.044.691 $8.226,467 $7,956,440 

24^154.622 19.484,415 21.244.929 23,3,7,715 

xprOBvAo.... 1,725.312 1.579.268 1.474.786 1.375.59J 



Total fiarnlng*... $33,488.761 988.106374 931.986.187 $32,709.747 
Malnten'nceof way ) ($4,471,160 

can,*c.S $20^73.402917,503.917 $19,867,628-; 3,386.053 
TraarptaAmlaeaL) ' 1:1. 1:1:1. 7.-.O 

1,075^69 1.OO7.811 1.O40.3O4 1.O02.190 

18,511,728 $20,907,930 922,293,153 
$9 .506.648 $11,078,252 $10,416.594 
(65-86) (65-37) (68-15) 

652.374 431,673 767,635 



Total expense*. .$21.448.971 

!et earning*. 912.O3U.79O 

P. c. *xp. to earning* (64-5O) 
IavMtmeata,etc 671.638 



Total roeoipta.... 912,711,428 910.248,920 $11.509,925 $11,184,229 

IntoreotOBdobt $7.122306 $7.071.135 $6375,232 $6.204,319 

DlrMead. 3.617,007 8.196.046 8.906,094 3,906.569 

Btnklngfund. 22O.99O 325.83O 327,100 2O0.20O 

Milwaukee Fire acct. 222370 

Total cUabaraBrt.9l0.86O.4O3 $10322311 911,108,976 910,533,951 
nr41351.025def.927il.591 9400.949 9650,278 
rBBMOJTT ELKHOBH MIBtoCBI TALLBT. 
1896. 1890. 1894. 

92,900.439 99,666,642 93334,706 

Set earning. 898.670 692334 1,O93,8'2 

Total Ihlljii 1,099,469 



1893. 



1,090,029 1,028,308 



.. 

1,151,236 
1.030,669 



def.$128.799dt-f. $332.195 *ur.$65,544 *r.$120,567 

BALAVCB BHEET. -Balance aheeto of Ch. A No. W. May 31 a* below : 



Block* ow 



Bill, and 



aeooanU receivable. 
fueLAe. 



Tnutoe* of .Inking fund. 



. . 

$170.283,880 $180,795.'91 $180,209.711 
23.406.942 22.834,958 28,921,022 
14,317,863 
406,925 
1.421.649 
1.866.13H 
7.311,461 
7.201,571 



Total aaaet*. 



14,317,742 
457,989 
1,700,008 
] ,777,254 
2,300.607 
6,817,106 



.$221,330,547 $231,216,056 $231,510,432 



14,318,904 
41,760 
1,777,148 
2,164,195 
2,746.812 
7,590,936 



I ,:,. 

Block, common and preferred^ $63.786320 
Bfck* of proprlefry road*, Ac, 

PurcbaM aect.M'.'L." s'.'i W". 
DlvUandi deelared. not due. 



Sinking fund* and acrretlnn* 
Hecurltle* for cap. .tock l*e'd 
Beeurltle* retired from Income 



131. 528 3OO 
8,447,000 
1,367,789 
7,590,936 



$63,726.321 

619,010 
13O.113.50O 
8.550.OOO 
1,562,434 
6,817,106 
2,334.267 

890,000 
1,802,232 

175,748 
1,440,077 

174.S69 
1346,387 

167,525 
3,624,345 
7,786,411 

Total liabilities $221,380,547 $231,216,056 $231,510,432 



Current bill*. pay-roll*. Ac.... 1,790.443 

Uncollected coupon*. Ac 147.S95 

Due to road* In Iowa 

Coiuolldatlon Coal Co 1 4.778 

A corned and accruing Inter'it. 1.848,015 

MlaeeUaneou* ~ 181,675 

Land Income, account ... 1 ,805,663 

Railroad Income account 2,851,533 



9$3,79391 

519.519 
131.664,500 

-...0. .0,1(1 

976,648 
7,201,571 
2,334.267 
1,136.000 
1,387,942 

155,614 



178.440 
1.849.134 

2S2.803 
3.832.484 
7,492,821 



Include* $13.235.OOO bond* pledged an collateral. 

1 1ncluding $2,333,608 common and $3,790 pref. In Co.'* trea*nry. 

J. j>. tjt, 256, 363, 413, 456, 683, 1O87; V. 63, p. 228, 270 
919. 30$, 311.) 



INVESTORS' SUPPLEMENT. 



[VOL. LX1V, 




vBT. 18D7.J 



RAILROAD STOCKS AND BONDS. 



37 



Snboerlfcera will confer a (real favor bjr giving Immediate notice of any error discovered In these Tables. 



RAILROADS. 



For explanation of 



on nnt page of tables. 



gs, Ae,, Me note* of 
Road. 



Data i Siae, or 

of Par 
Bonds Value. 



Amount 
Outstanding 



INTEREST OR DIVIDENDS. 



Rate per: When Where Payable, and by 
Cent. Payable whom. 



Bondt Princi- 
pal, When Dne. 
Btockt Last 
Dividend. 



aMco- 



Maple 
Book. * 

Dakota 



Co*.>- 



. 

River 1st 1C, Br. to Mapleton. (assumed) . . 
* No. Minn. IstM. .gn. (assumed by. W Aflt-P.) 



Dakota Cent. Ut mort., guar ................ 

Dak.0mt.lst M. on So'east Dtv. (to Hawarden) gn. 



Frem. 



text. 
.). 



. . . 

Elk. AM. V.oonaolM. 920.000 p.m. see tex 
Cttr A Pae. pref. stock (1st Bart, on 6 m. 
IstM. 8k>ux City to Fremont (assumed.) 
3d JtGoTt Uen (aecr.lnt.Jan. 1/97 $2,480.633. 1 
lillw. L. Sh. A W., OonsoL M. (now 1st) cold. . . 
tn^Mffmm Dtv. 1st mort. (for 93.00O.OW), g..e' 
Ashland Division 1st mortgage, goli ......... e* 

Conr. debentures, secured by mort of '89, f. .e- 
Ext. A Imp. M. for 5.000.000, f., s.f. not dVn c 
Income bonds (not cumulatlre) ................ r 

tank.Bx.lstM.forMOO.000 (815.000p.m.) c' 
M. P. K-Of dT. lst.lt r-.lnt.ini. 



00 
34 

71 

125 

1.17O 



.- 1st I 



) .c* Ar. 



1st mort..Chle..UL. to Council 
Chte. A Sooth w. 1st M. irdln 



fcJfarf5O.OOp.OOO) 
ear. brC.B.I.AP.>. 



r.bv 

- ! 



177 



m.) rod. aft. 94.OAT 2.153 
at 1OS> e-*r. 



"Preferred stock, non-cumulative (see tr . 
St. Paul Stillwaler A Taylors' Falls 1st mort ...e 
Hud. A River Falls 1st M..Rndson to Rlrer Falls c 
C3t.P,AMlnn.lstM..g..EIroytoL,8t.C.Bss'd 
tbondsoutsl 



. 
In addition to the 



outstanding as abors. 



12 

177 

B .. . 



I--7 

1878 
1883 
1883 



I--'. 
1887 
:" ' 
i - -.' 
1888 
1894 
1896 
i- M 

:--- 
1869 
1884 

:- : 



i--- 
187J 
1871 

Inking 



1,000 

100 

500 Ac. 

' * 

l.OOO 
1.000 

1,000 
1,000 

1,000 
1,000 
1.000 
1,000 
l.OOO 
1.000 
1,000 
100 

1.000*0 

100 

1,000*0 

1.000AO 

iSoT 

100 
5OO Ac. 
1.000 
5OO Ac. 



402.500 
3OO.OOO 
a 1,007,000 
2,000,000 
7,725.000 
169,000 



1,628.320 

5,000,000 

1.381,000 

1,000.000 
138.000 

4,148,000 
500,000 
40O.OOO 

1.120.000 

1.575.000 

4399.000 

2330,000 
46,156.000 See 
13.100,000 

5.000.000 
40,391,000 

4300,000 



7 
7 
6 
6 
6 

7 per an. A. 
6 

i 



eg. 

5g. 



k -. .1. 



It 

i text. 
6 

7 
5 
5 



.. 

11,259,912 
884300 
125,000 



J. A J. 
M. A 8. 
M. A 8. 
M. A N. 
A. A O. 

A O. 
J. A J. 
J. A J. 
M. A N. 
J. A J. 
M. A 8. 
F. A A. 
F. A A. 
M. A N. 
A. A O. 

A J. 

J. A J. 

J. A J. 

.1 IB : 

Q.-F. 

J/A J. 

M. A N. 

J. A J. 

M. A 8. 



N. Y.. Office, 52 Wall 8t 
do do 

do do 

do do 

do do 

do do 

do do 

U.S. Treas., at maturity. 

N. Y. Office, 52 Wall St. 
do do 

do do 

do do 

do do 

do do 

do do 

do do 



N. Y., Mere. Trust Co. 



New York and Chicago. 

N. Y.,13 William St. 

do do 

do do 

do do 



July 1, 1897 
Sept. 1, 1908 
Sept. 1, 1907 
Nov. l, 1907 
Oct. 1, 1933 
Oct. 1, 1896 
Jan. 1, 1898 
Mar. '98 &' 99 
May 1, 1921 
July 1, 1924 
Men. 1, 1925 
Feb. 1, 19O7 
Feb. 1, 1929 
May 1, 1911 
Oct. 1, 1922 
Jan. 1, 1918 
July 1, 1924 
July 1, 1925 
July 1, 1945 
Feb.1,96. >% 
July 1, 1917 
Nov. 1, 1899 
July 1, 1934 
Sept. 1, 1921 



See text. F. A A. 

7 J. A J. 

8 U. A J. 
6 g. lM. A N. 



fund Ju ne 1. 1896. h eld, a. 58.OOO. 



N.Y., Office, 52 Wall St. 
do do 

do do 

do do 



Aug. 20. 1896 
Jan. 1, 1908 
July 1, 1908 
May 1, 1918 



lilraco Pmdurah A JI>|>lil. 
lies; AltamoBl to WabashKJU unction 
On Dee. 19. 1896. the Chicago A Eastern 

will 



H. A 1 l 



ment to 
Ontanlied In 1 

possession 
1897. when 



. . 

perate the road under lens* until spring of 
tte merged and the bonds (all la flnt hand*) exehanged for a 
C. A E. I. Ustw. See T. 63. i ' -mis Trust Oo. Is tru.tee 

of the Padaaak mortxate. BAHUM*. Yoar ending June So. 1895, 
gross. 937,434 ; dctaader operating expense*. 89.005. President. W. 
t Huso. et. Lows. (V. 63. p.228. TiSt.i 



< hli-aa-0 Peorla * M. Lul. UK. of Illinois. Owns from 
Pekln. I1L. to Jackson llle.m.. and Havana to Bprlngneld. r.'Omlle.. 
and Llteaneld to las* *t- LouU. 3O miles: uses Merchants' Bridge Into 
trackage. 13 m ' 
one^inartor int. 
r Ulsist. Louts 



M. Loois. 2 miles.; 
graded. OWD. a 
Operates 



; ,. Man . I 



"int-notS 
i at 



to Book Island partly 

Peorla A Pekln f'nlon. 

of 990300 par month. 



OBOAXI 

s- :. ... 



A reorgnnUation In February. 1886, of the a P. A 
T. 61. p. MO. (V. 83. p. 233.819.) 



. ....... 



R*1slE* faj*73300 to the Msreanl 
to3M3008nu given as on 



..-.,' ;.:. -. :-. 1 

tile TrustOo, 



6>, p. 791.) Flnt mortgage 
additional 



5 P.C.. 

of N. v'as'Sustoa.^OfUM 84399.000 arets gtvi 
table above, 83.lol.000 wore oat as oollaloral for 
leaving 82^438 OOO drawing Interest. (V 63. p. 7 
..,, .' -\. . ,.^ mm ^tShJtttmomtnnfen 
*^^^^^'SS!antrTUtOo..y.r.^nMt M .tl,t OT 9l.MO. 
000 of aonoank*9vo4noreonta. The Railroad Company may at any 
time after July 1. 1887, and prior to July 1. 1899. convert this Issue of 
BMdamto 3 per e*ala,oonatrtuUaga axed charge. The Income mort- 
(age was orlglaallv for 94.22n.uOo, but by agreement July 29. 
lied to83.MO.OOv>. and thebalanei oTbonds oaaseled. 



LATEST EAB- runJuly 1 to Nov. so. 5 months. In 1888 gross. 9359.- 
4S5; net. 9108308 and la 1893 gross. 8418398. 

EA*ioe.- Including Jaeksoav. Lonlsv. A St. U. 1 12 miles. Opera- 
tions for the sU months (of new oompaay) ending Aag. 1: 

6 SMS. to Orsos. .v>i. Tmff.tU. /xlsrMl. Aataaes. 

Aug. l.'VI . 9I4.1.9M 9125350 838.9U1 872.76O 913.689 

Interest includos 848,780 oa82.43S.OOOrsU and 9*t.OOO on loan 
Of 8800.000. la roar 1896, grW 8*S8.m.a|[alnot 9824.841 In 1894. 
-(V. 61. p. 661. 708. 798. 87O| T. 83, p. 388. 919; T. 63. p. 791 . 

< 1,1. .go Ko. k I. land 4k Pnrlne Ky. /M Mmft ROAD. 
Operates from Chicago. 11L. vta Omaha, Nob., to Denver and Colorado 
jfrl^ Colt Bad via ksnae. city. Mo., to Fort Worth. Texas, with 

brtUMO**', fnM JVtaMB, oM WfU ** MWnl OB ftavMBtef IBAVp, laMUUdtM I 

mirf- JfUss. boats', sax- fl Which see.) MUa 

Council BlonVla. 
Iteh'a. Kan. 

to Liberal. Kan 

~ia.toTmU.T. 
., r . ... r, , .. 




843 



.. 
A Bareaa Valley....*; 47 

Keokuk A Des Motnes r 163 

Dos Mnlnes A Fort Dodge.. 1 143 
Traokage to Kansas City, 
No. Tooaka. Kan., Denver, 
CoL. Pueblo. Col., etc 888 



Total owned 2381 1 ToLUnwopar. Apr. 1. 1896.3.571 

The Chicago Boek Island * Texas, from Terral to Fort Worth. Tex., 
83 miles, was completed la July. 1*V3. It U owned by the Bock Island. 
and Its bonds an nil deposited for the B, 1. extension awl collateral 
nwrtgage. but the road Is oparatod separately. V.C1. p. 793. 

Book Island A 



itton Jnno 2. 188O. with 
dividend of 100 par eent 



. 
the 



Pactflo was a eon- 
anthorUed, and a 
of Boek Island stoek. 



l A Nebraska Is now owned In (ee simple. V. 53, p. 228. 
11888 '89 '90 "91 '92 -93 "94 '9.'. '96 97 
Mg-.nT.r.ts.i 8% 4484 4 1 4 2 Z Below 
U 1887. Fob.. % p. a. From 1881 to 1887,7 p. c. per annum was paid. 

BOWDO. Tho ilonolon and collateral trust par eent bond* (trustee 

1 at the rate of 




mile additional for eqm> 
They an secured by the 



with the trustee of an 



n 840.444 



On Doa. 39. 1894. there WL 

\Z^%fe&X Mtat **^ '" 




Him, and (slnoe Jn 
ibers.bsg1nnlng wit 
,000 of thmobonds 



equal 
nljr 1. 

with the 
ou^ 



won Issued at 810.OOO per mile 
dtytermin ' 
ab> tract. V 

JOB) were I* 

The Issue Is for 910,000,000 
any coupon day at 105. In 
sold for Improvements. See 



I miles of track ; 9l.2OO.OOO for Ksnsss City terminal oropertv 
- for equipment. See mortgage abstract. V. 47. p. 260. 
I ot 1891 (U. 8. Tract Co.. trustee) were Issued to pay 



aSffrrunuurr or April. 1890. 
le In Oct., 1894, of the Minneapolis A 
for the Rook Island 83.832.OOO In cash. 



1 788. Average freight train load 1893-96, 144 tons; rate par 
il-OSeenU. 
EAurnHMCalondar year 1898 (roar, 815,421.698, against 910,- 



<n full 



REI-ORT. The flseal year end March 31. 
We 



Is hold In Chicago on the flnt 

as InV. 82. p. 1O12. 1037. 



Ttmr tnding Xarrk :il- 
MUes owned and opersted. 
Paseenger earnings... 

F55ir.....;7:!::. 

Mall, express, rentals, ate. . 



Annual meeting 

edneaday In June. Report for 1895-96 
Earnings. Ac., have been : 



3,571 

, 445.953 

1, 754.600 



1895. 
3,571 

84,338.053 

11,206.686 

1,876,077 



1894. 

86,538.568 

[3,852,978 

1,647,527 



Gross earnings. 



.917,359.653 817.420316 821.039.O74 

. 11,866,594 12.682,261 14,977,480 

94.738.555 ~8,06 1,594 

(72-.Oi (71-14) 
15.644. 



Net earnings 90.493,008 

P. c. of oper. e xp. to earns. . . . (89-36) 

88.489 

.. 95331.498 94.754.189 96.104.632 

.. 9665,610 96943S4 9692,617 

3333,030 3318,030 3,199,825 

River bridge* 119.600 157.6O8 157,460 

.(3) 923.116 (3)1.384.674 (4)1,846,232 

BUT 90OO 593 def 980 1332 sur 9208 496 

M.A8UU bonds............. or. 1.102,079 

Surplus bal. for year 9500.592 9352,047 9208.498 

-(Y. 63. p. 989, 1019, 1087. 1039, 1043 ; V. 63, p, 879, 1009.) 

chlrafo nt. Paul A Kan. City. See CHICAGO UBEAT WESTEBB. 

Chleao M. Paul niiniea|>oll A Omalia Ky. {get Map OM- 
eajr* s Jfertt rssten./-B<>AO.-Maln llne-Elroy. WIs., to Omaha, Neb., 
091 miles ; other lines. 899 miles ; total. 1,492 miles, of which 1,428 
miles are owned and 89 miles leased. 

HUTOBT. This was a consolidation July, 188O, of the Chicago 8t- 
Paul A Minneapolis, the North Wisconsin and! the Ht Paul A Sioux City. 

In November. 18 

fortheOaloagoA] 



83. n controlling Interest In the stock was purchased 
orth Western Railway by the acquisition of 93,200 
and 33.80O shares of preferred. 



ST.K K.-Anthorted common. 921,403.293; preferred. 912,646.833. 
Held by the company Dec, 81, 1890, common stock and scrip, 82.844,- 
040; piofaind stoek and scrip. 91386331. Preferred stock has a prior 
right to nan oninulstlvs dividend of 7 per eent; but common Is never 
to raeetvo more than Is paid on preferred. 

DrvnMnriHV-ataiee'87. ( *88. '89. '90. '91. '92. '93. '94. '95. '96. 
Preferred. Per cent. I 6 8 4 8*j 7 7 7 below 

In 1896. Feb.. 34 o. o.; An*., 3>t P- e. 

BoKDe. In 1893 consols for 8276,000 were Issued. There are also 
875,000 Minneapolis Eastern 1st m.. guar., 7s. due Jan. 1, 1909. 

LAW DS.-TTM land sales In 1890 were 14.303 acres, for 936,390. In- 
cluding lots; land contracts and notes on hand December 31, 1893, 
974386; lands undisposed of . 440.072 acres. 

LATEST EAUfixee. From Jan. 1 to Nov. 30. 1896 (11 months), gross , 
97.496.239. against 86349.64O In 1893. 

For year ending June 30. 1896, see V. 63. p. 1114. 

A*CAL RKPOBT. Report for 1893 was In V. 62, p. 410. 

rsarcmMnf Dec. 31- IBM :-; i -. 

Oroasearnlngs 97,008,764 87.297,619 98,328,988 

Operallag expenses and taxes. 4.836.652 4.946.184 0,843.i33 

92,301,435 92.485,395 

109,137 141,720 

1.412.3OO 1,378,599 

(7) 787,976 (7) 787,976 



Net earnings 82.672,112 

Net rentals paid 113,044 

Net tat. on debt (less other Inc.) 1,4. 
Dlv. on prat stock (7)787,976 



Hurplns of RR. Co 
Net from land sales 



8,258 842,022 

389 9230.076 
-(V. 61, p. 280; V. 62. p. 410; V. 63, p. 1114.) 



8177,100 
9132,332 



< airmo A Wontheaslern Ry. Operates Anderson, Ind., to 
Brazil, Ind., 109 miles, of which 12 miles. Waveland to Band' Creek, IB 
trackage over St. U Van. A T. II., leaving 97 miles owned. Extensions 
tn Muncleand Lima were under connlderatlon in Nov., 1895. Formed In 
1891 to succeed Midland of Indiana, reorganized. The Midland of 
l n' I. mortgage (assumed) hax been limited to 9375,000 Midland 
Uy. of Ind. Interest due July 1. 194, was paid In Dec., 1894, and the 
January, 1895. Interest was not paid when due. (V. 61, p. 324, 921.) 

< M. goAftoath Hide Rapid Transit. ("Alley Blevated. 
8eo STBEET RAILWAY SUPPLEMENT. 

rhleag;o A Texas HH. Owns from Cape Olrardean, Mo., via 
Carbondale, 111., to Johnson City, 73 miles, and branch to Harrison, 
111.. 2 miles; 56 and BO Ih. steel. 

A consolidation In 1893 of Grand Tower A Cape Olrardeau and Qrand 
Tower A Carbondale. Common stock authorized, 61,5OO.OOO; non cu- 
mulative 5 per cent preferred, 91,oOO.OOfi; par, 8100. All outstanding, 
July 1, 1895, and bonded debt was 9972.O<K>; current liabilities, 
951,806. First On for 913OO.OOO are reserved for extensions. Year 
ending June 30, 1895. gross. 9140.375 : net, 938,396 ; charges, 905,406. 
I nl 893 94 gross, 8180,301; net, MSr.848.-CV. 97, p. 255.) 



(NVESTORS' SUPPLEMENT. 



[VOL LX1V.. 




JANCARY, 1897.J 



RAILKOAD ST(X!KS AND BONDS. 



39 



<4nb*rrlbrr. will confer a great favor by firing Immediate notice of any error discovered In these Table*. 



RAILROADS. 



r or explanation of column heading*, Ac., Me note* 
on tot pam of table*. 



Mile* 
of 



Date 
of 



Size, or 
Par 



Road. Bonds Value. 



Amount 



Rate per 
Cent. 



INTEREST OR DIVIDENDS. 



When 
Payable 



Where Payable, and by 
Whom. 



Bond* Princi- 
pal, When Due. 
Sloe** Last 
Dividend. 



Cafe. 8t. Panl Hinneap. * O*iaka(Contrd> 
Bt.P.ABrxC. lst-M.g.<97.000.000)910.000p.m.e 
No.Wls.lst M. Lake -t.C.ton'rSpooneraas'med.e- 
BaoltBM. Marie A South we*fn lit M., a**umed.c 
Ch.81 P.M.AO.eon.M,.*30.000.000(81S.OOOp.niic- 

Oaieap* d ajaOsastii M Mld-of Ind. 1st M.. gold.. c 



VsvaBfsmm-w * uv mH*vm>aw * 

ConaoL mortgage, 92O.OOO per mile, gold . . 
Olueago 4 Itau-lat mort.. 92.50O.OOO. gold 
CMC. 4 W. /md.-lst M.. g.. s. f.. sulij. call at : 

*. - - * ___^ .. .l_\^_^ #,.Kl4 KAA .AVt 



. ..e*r 
at 105-c 



*. wenjuea. g 

Ch.Ajro.Mlch.lstM., 



. . m.e' 
red. t lOO.r. 



my go m i^m"* ou. *" k *. **j 

l^!p-*Sn8!*18looO > p" 

L Equip. Co. 1st M.. gu-p. AL . *.f . red. at 1 

Coupon scrip Dee., 1896 

CJUcaav OfctaJtomarf OV *S.-Prlorllen,g..text.e- 
Oaneral mortgage 95.5OO.6oo. gol^. .c- 

Ote. Hams. 4 Oay.-New com. stock. 88 .OOO.OOO . 
l*t preferradMoek. Berte* A ABTt&OO.OOO each. 



607 
80 
37 

1.412 
94 
94 
60 

4- 

48 

"Y6 

1-; 
93 



220 



3d preferred 5 p. e. nocnm.. 98.OOO.OOO 

Consolidated mort. (now l.t> 9 A*, sink, fund c- 60 

! do e 60 

do c- 60 

Second mortgaga, gold * 69 

General mortgage, 97,800.000, gold c' 60 

Ota. Day. A Iron.. 1MM.. gold. goar. (aamawd. e* 164 

<H*.fi*mU*M4/a4taMB.-l**lf..giiar. p. Al... M 

General mort. for 93.800,000, gold, to be gnar .. 99 



1879 
1880 
1890 
1880 

lit? 

1891 
iv. .i 
1878 



1875 



1891 
18M 
1894-6 
I9M 
1894 



1875 
187B 
1878 

1"? 
18M 
i- .i 
1873 

i- i 



81,000 
l.OOO 

1,000 

1,000 

1,000 
i'.obo 

l.OOO 

1,000 

100 

500 Ac 
1,000 
l.OOO 
1.000 

i".oo6 

1,000 

100 

100 
100 



1.000 
l.OOO 
1,000 

1 ...... 

1,000 
1.000 
1.1(0 
1,000 



86,070,000 
800,000 

400,000 

14,006,327 
375,000 

(I) 

1,225.000 
1,234.000 
9.692,666 
7,511,800 

1 ..1,111 HI 

5,75s,000 
LM7.0OO 

293.000 

464.062 
1 ,000.000 
3.000,000 
S.OOO.OOO 
1,000,000 

625,500 
6,374.500 

996.000 
1.347,000 

389,000 
2,000,000 
S.OOO.OOO 
3.500,000 
2.500.000 
1,333,000 



5* 

5 
6 

5ft 
K 
5 R 

S g 

8 g 
o I.-xt. 
7 
5 
5 
6 
5 

f* 

5 g. 

> l.-M 

4 JUT n. 
4 per an. 
5 

6 
S 

* 
5 g. 



5 g. 



A. A O. 
J. A J. 
M. A N. 
J. A D. 
J. A J. 

A."A"O. 

11 A N. 
.1. M 
K. A A 
J. A D. 
J. A D. 
M. A N. 
J. A D. 

S.-Mit ;i!l 

A. A O. 
J. A J. 



N. Y. Offloe, 52 Wall St. 

do do 

do do 

do do 

See text. 



N. Y.. .1 l'" IIFUM n A Co. 
do do 

See text. 
N. Y., Un. Tr. A Boston. 

See text. 

See text. 

Boston. 



.-M. 
.-F. 

A: A o. 



Phil., Ot. 4-JO Walnut St. 

do do 

Cincinnati. 

do 

do 

do 

N.Y.,Ke**lerAOo54Wnll 



A. A O. do do 

A. A O. do do 

J. A J. do do 

J. A D. N.Y.,BlalrACo..83Wall 
M. A N. ir.Y.jr.e**lerAOo54Wall 
J. A J.'N.Y.,KeaslerACo54Wall 
J. A D.i do do 



Apr. 1, 1919 
Jan. 1, 1930 
Nov. 1, 1915 
June 1, 1930 
Jan. 1, 1917 
Oct. 1. 1921 
Apr. 1, 1933 
Nov. 1, 1919 
Deo. 1, 1932 
Feb. 15, 1893 
Jmne 1, 1905 
Deo. 1, 1921 
May 1, 1931 
June 1, 1902 

1904-5 

Oct. 1, 1919 
Oct 1, 1919 

See text. 
Jan.5,'97,1% 
Dec., '96, 1% 
Feb.6'97,li4% 
Oct. 1. 1906 
Ot. 1, 1905 
Oct. 1, 1905 
Jan. 1. 1987 
June 1, 1943 
May 1, 1941 
Jan. 1, 1908 
June, 1943 



hi. .. 
lyilamof it 
low. It* 

I... :..-,. 



* Mr.irrn Indiana 



Kit. own* a valuable terminal 
tele Chicago to the road* named 



Polk Street, Chicago. 
Une. 1O mile*, to 
; total. 48 mile*; total 



Cragln. 1 8 mlla*. and to South Chicago. 5 

traaVTiaelBdiat 3d. 3d. 4th track, aad sidings. 194 mile*; also own* 
9#0 acres of real istoti. uaiiiBgar aad freight yards, warehouse*, 
levators. etc. Tba Bait ByTofCnUsago lease* aad operate* 73 mlleaot 
ta*194mlle*owaedbyta*Ca.AW. T^tt**enrttte*bamg all bald by 
the nominal** leasing th* 



A W. I.; see V. 60. p. 1 



mi 

;. LOW 



company's read aad latmln*ls an laid 
toUww'abaah.tb* ~ 




f%i+ AOraad 

* Ert* aad the LoatevUle New Albany A 
tala* owas 91.000.000 (took. Thev 
mi J . . v l man .: : l l:. 

Hway. Tba annual raaails matt always tissr1 by at least 90 per 

aatt**latanata the ksafa at anytime outstanding 

OARTAL STOCK. 9a.OOO.OO9. all owned a* above Mated. Dividend* 
1992 to 18*4. 6 p. e. yearly; In 1*95. 7>t P.O.; la 1496,t)p.e. 

Eoana. BIk1gfaaipajmaHl*m<iBailMa year 1990 to 9161. OOO) 
aaaaally retire a portion of the Bret manga** bond* at 1O5 aad Inter- 
act, aad after la*y are all drawn tb* gaaeral mortgage boada beeoma 
nbjeet to same sinking fund aad will be drawn at eaaw prtoa In sach 
aaaaaJ aaaoaau a* win retire the debt at or before maturity. In Sept., 
1994. 914.153.000 iniril 9* had be*n laraai. of whleh 92.SOO.OOO 
van naarradto retire Irsu and 91.999.333 had bam paid back to 

tor 1995 wa* In 
ZlwTMMi 
groai,****.- 



taJair.iSMl.TrarernCnrtb 




aloaTr.ro N.Y.. and Ok 
rapon* of Chicago A Wert 
< Dec.. 1 896, taeTiulva. aad 
W NT. 1. 1 W4. to Nov.. II 




Elk Rapid* aad Bay Vtew.tfkmfia* total of aA. 575 miles. 
OBOAinsATloir. Ac -Orgaalscd Jam. 1. 187*. 

m on gaa. mort. were porehaaed a' 
. Traat Co.. Bsalaa. V.58. p. 841 
MMUgaa gaMralmort.. da* Dee. lTl994. 
> A North MJealgan flrst mort. 

FEB. W9W*l DmVad am IB |* Ami) aUUl ^* 

In id-year '5 K " ierip^ *ald ierlp to ba ratoamabU at option of 
"'\9m.l9S' mnj 

,J27 I i l ff r ?*TlL, 1 ?SZ;?'tS ; J? la ??' 3:tolM9 ' 8! io.3sta 

1991. 8% IB 1893, 8% la 1893. Feb.. m p. e.; aoaedaea. 
L*TMT K*uri<ioa.-rrom Jan, 1 to Nov. 3O (1 1 month*) : m _ i 

i::- :::1597^2 ^ 'SSTtt^S 

AirarAL Rarorr.- For 

.724.047: Baa. 8*19 Jam shinfu. 94O0.1 

:ilH.75M. In 

7. (V. 62, p. 83O: V. 03, p. 7 
i. ...law Oklahoma A Jinlf Hit. Wlsvnr. Indian Territory, 
Tla 8oath MeAlaatar and Oklahoma City, to Fort Reno. 216 mile*; 
4 miles; total. 33Omlle*. The extension. South 
-ma CHy, 1*0 mOaa, ecmalXad la September, 1895. 
i at 1* mJtai to f. O. Ptttobmrg A Onlf to proposal. 
HWTOBT.-A reorgaaUatloB of Ik* Choetaw Coal A Railway Co., (old 
IB foracbMore Sept. TlW4. Bald* valuable coal lease*. 

Jane. 1996, was Uraed 94.OOO.OOO of Sneroent 
(par. 950) to retire 91,300,000 (ont of 81.141. OOO) 
-'^ and all the 91.10O.OOO Income.; and to raise 



D 930. bowlag groM. 8t.734.O47; net. 
bal . ilalaKjiglOT. In 1894 now. 9 
1993 (TOM. 91.Mn.7iO; net. 93C567.-( 




l of 1O 

t.--,:.,.-.. ... T'i- 

..... ,. *:!., .... ... 



tmy 936^060 oar tnut*, and to build 
Kaa 6ty PltuburgA<iulf. torbet- 
BhargtMwete tha> reduced from 9825,- 
93. p. 588. 778, 931. 868. 

.J. 93.750.000: par. 95O; all held by voting trut 
till July I . I * . BtwnmdMoek. 5 per eant (cumulative after Nov. 1, 
1897). 94.000.odoT par. 5O-M V. 64, p. 134. 

BoTOa. Tna prior UaB 8* an raiUamabu at 105 after five years 
9ae adv. CttBOHMU, Sant. 33. 1994. Oeaeral 5s for 91 .OOO.OOO an 




la T. 64, 



oto. On Oct. 81. 1896. oar tnwu for 9125.OOO 
an to be retired April 1. 1807. when the la*t 
ctoek I* doe; no loan* and bill* payable. 
Rirnar. Year end* Oct. 81. Report for 1895-6 wa* given 



183 



(bowing earalac* a* follow*: 
. nti \>t /."> 

IM, n a/ratfrMA rmminft. ra<n(n 
199V6 ..... iiH.Oll 9;ni,rfl 8M.386 

1994-5 ...... 3*3.318 12H.459 64.O95 

latoraM nhai| oa baad* aow outstanding. 9200,750. 



amtnnlt. 

T: : MM 



Balanc* 

farinlfrett. 
9217,407 



Coal output In 1895-6 was 364, 11O ton* against 358,655 tons In 
1891-5, but the price received In 1895-0 was much lower than In the 
previous year. In the calendar year 1 894 the output was 3KO..VJO tons; 
In 1893 was 35O.567 tons. President, Francis I. Oowcn, Philadel- 
phia. (V. 64, p. 133, 133.) 

Cincinnati Dayton A Ironton. AM Oinfn. Ham. 4 Dayton. 

< Inrlnnatl Hamilton A Dayton Hy. (Stt Map.) Operates a 
direct line between Cincinnati and Toledo, Ohio, with branches to 
Indianapolis. Ind.. and Ironton. on the Norfolk A Western, etc. 
B_.< ___<_, .,-..,j...*.-.u.-i.. ttoad* controlled XUet. 

Cincinnati Hamilton A Ind...f 99 
Cincinnati A Dayton 13 

Totalofall 641 

Owns jointly with Big Four Day- 
.f!43 ton A Union. 



to Dayton, 6O 

Dayton A Ironton.. 164 
tin. Dayton A Chicago, etc. ... 1 43 
Trackaga^^ 2O 

Dayton* Michigan. 



BwrOBT, ETC. Chartered In 1846. Main line opened In 1851. 
leased line* added at varlon* time* since. In July. 1895. the Cln. 
Dayton A Ironton and (in. D. A Chicago were formally consolidated 
with the C. H. A D. Railroad under the name of Cln. Ham. A Dayton 
JteUnay. V. 60. p. 11O4: V. 61. p. 68. Indiana Decatur A Western 
took control wa* acquired In the Interest of the C. H. A D. In December, 
1895, aad that protwrty will be operated In connection with the C. H. 
A D. system. V. 61. p. !Oo4. 

Tba Cincinnati Hamilton A Dayton Traction Co. was organized In 
November. 1896, to build and operate rapid transit electric line* In 
connection with the C. H. A D. steam nad-aee V. 64, p. 83. 

8Toc.-Capltal stock of C. H. A D. Railway I* common 98.0OO.OOO i 
piefatied 5 p. c. non-cumulative. 9H.OOO.OOO. Old railroad common 
re salved !*,< shares of the new preferred and 3 shares of new com- 
mon for each old share. Old vrt/srrsrf (4 p.o. cumulative) ha* option 
of remaining aaehaageil or of exchange for new preferred, share for 
ban. The C. D. A f. aad C. D. A C. old stocks, which were all In C. 
H. A D. treasury, were extinguished. The new preferred Is entitled to 
9 p. o.. than common to 5 p. o.; then both share equally. 

Diviourna- 'H3. *4. '85. '86. '87. '88. '89. '90 to July. '95 
Common. P. ct.. 96676 nil 5 yearly 

Preferred, P.O.. 686 and since 4 per oent yearly. 

On new preferred of eonaol. company 1 1 p. c. wa* paid In Nov., 1895; 
in 1896, 5 p. e.: In 1897. Fab.. ! p. o. 

Bo!<Da.Tha general mortgage Is for 97,800,000, of which 94,800,000 
retire th* prior Tlea* i 



at maturity; the prior bonds must not 
ntlle Trust Company of N. Y. The mortgage 



covers the *rpstu*l lease of the Dayton A Michigan, the profits un 
der whleh an lam. V. 54. 799: V. 55. p. 373. ' 
rent liabilities ofC. H. A D. were 91.711.773. 



GDA-rris. The C. H. A D. guarantee* certain securities of the 
Cincinnati Hamilton A Ind. and Dayton A Michigan which see. 

In May, 1895, C. II. A D. Inn-rent* In Alabama Oreat Southern were 
sold to Southern Rv. Control of Cln. N. O. A T. P. stock Is held by 
C\ H. A D. aad Southern Railway Jointly. V. 02. p. 1139; V. 68, p. 228 . 

LTurr KAKXIXOS. Reported to Inter-State Commerce Commission 
for year ending June 3O, on 641 mile* : 

Yr.loJunt30. ilroti. Ifrl. Inl.,ttr. Dlritl'ndi. Bal., nir. 

1896-96. ...95,141,191 91.770,710 91,238,878 93O2.012 9229,820 
1894-95 .... 5,025308 1,735,578 1,226,164 269,112 210,302 

AmnAL Rarorr. Plaoal year end* June 30. For 1895-96. gross 
inrume wa* 95,228.264, against 95,115,845 In 1894-95. A statement of 
earning* for 1894-95 was given In V. 62, n. 142. The Internet on bonds 
Include* flxed charge* of Cln. Dayton A Ironton, Dayton A Mich., etc. 



Temr ending Junt 30. 1898 

Hroa* earnings 95.O39.136 

Net earnings 91,627,986 91,724.4( 

Intomtonbond* 9847.2OO 9849.K 

C. H. A D. dividends 269.112 264,833 

D. A M. dividends 180,788 180,788 



1894. 
95,094.812 
404 
153 



1998, 

95,412,912 

91.844.28u 

1000/469 

264,556 

UOfltt 



Balance, surplus 9330.886 9439.628 9598.474 

-(V. 62, p. 1 83, 232, 1038, 1139; V. 63, p. 153, 228, 5O4; V. 64, p. 82.) 

Innatl Hamilton A Indlanapoll* fly. (See Hap O. B. 

I D.t Own* Hamilton, Ohio, west to Indianapolis, Ind., 99 miles. 

K. Common stock (92.5OO.OOO) Is all owned by the Cincinnati 
Hamilton A Dayton, which operates the road. V. 57, p. 144. Pre- 
ferred non-cumulative 7 per oent stock, 9281,679. 

Bowna. The general mortgage, of which Continental Tnut Co. of New 
York and the Union Trust Co. of Cincinnati are trustees. Is for 93.80O,- 
OOO, of which sufficient reserved to retire first mort. bonds at maturity. 
lABsrxos. In year 1891-5, gross, 9660,073; net, 444,888; Interest. 
9126,000. In 1898-4, gross, 9737,181 ; net, 966,915. 

Cincinnati Jackaon A Mackinaw Hy. Owns from Carlisle 
O., to Addlson, Mich., 188 miles; Allegan to Dundee, Mich., 133 miles; 
branches, 3 m.: trackage to Toledo, etc.. 2 5 m.; total operated, 349 
miles. HIK traffic arrangement over B. A O.. Into Chicago, and Into 
Cincinnati orer C. C. C. A St. L., Cln. Lebanon A Northern and Middle- 



INVESTORS' SUPPLEMENT 



[Vou LX1V. 




JA.VUABY, 1897 J 



RAILROAD STOCKS AND BONDS. 



41 



will confer a err ml favor by clvlne Immediate notice of any error discovered In these Table*. 



RAILROADS. 



for explanation of column headings, Ac., see note* 
on first page of tables. 



Mile* 

of 
Road. 



Date Size, or 

of Par 
Bonds Value. 



Amount 

> L' -tan. line 



INTEREST OR DIVIDENDS. 



Rate per When 
Cent | Payable 



Bond*-Prlncl- 
pal.When Due. 
Where Payable, and by Stock* Last 
Whom. Dividend. 



Gin*. Jarkton 4 Hark. 



meek 



t mortgage 
Special morU 



: ..H.,, .,.,'.. 



331 



Special mortgage (to redeem certificates) 

Qlnclimmti4f*&ifum raUy-lst mortgage. . 
*MH * Ortemur. Tom* Pne</le-8tock. . . 

Receiver's certificates 

Ofau*a<i JtrtonMHOa 4 vir^ni 

Preferred stock (see text) 

JfSSS*fflffia& 

Ote. fafinm * **. - 1st M.. 93 



R*&o**T?r'n mrttflotoB 

yfcKtnaeK PvrlmmtU Tirr<Wto-Common stock 
rrw-n-a^kj.e.toxt). 

.lut-gu.c- 



88 

38 

148 

830 



Oanarsl mart (new let,) for 91 .800.000 gold. . . . o 
Ea nip. Trust A 2d mortgage, gold. (See text).... c- 

CltMlinid Belt 4 TfrminSZlri K. |l,OOO,OOO 

4Kme.Ce*A M 4oM.-PTet6p.c,itock(8eetexti 



107 

107 

UH 

80 

58 

20 

i"77 
177 
04 



1892 

J""'' 
1970 

1896 



1895 
1871 
1890 
liM 

1887 
1890 

l-'.-l 



91,000 



l.OOO 

100, *o. 

1,000 

100 



i'.obo 

1.000 

1,000 

l.OOO 

100 

500, Ac. 
1,000 



100 



$16,300.000 

4,234,000 

9O2.0OO 

200,000 

108,940 

1,5OO,OOO 

3,000,000 

60O.OOO 

1,506,000 

594.000 

95,000 

1,800,000 

1.68O.OOO 

050,000 

4,000,000 

l.SOO.OOO 



J. A D. 



5 

2 to 5 

7 
Bee text. 



J. A J. 
J. A J. 
J. J. 



Dec.,'94, coup, not paid June 1, 1991 

Clnn., Cen.Tri&S.D.Co. 

do do 

July ,'88,pd. Nov. 10,'96 



Jan., 1916 

July, 1914 

Jan. 1, 1901 

Oct. 19, 1891 



See text. J. A J. Cincinnati, Ohio. 

5g J. A D. Invertm'tTr.Co.,Phila. 

J. A 1). N. Y., Wlnslow, L. A Co. 

J. A J. New York and London. 




Chagrin Falls A Mo., 1st 
res, lien on rolling stock. 
A Canton 1st at. fold. 



GoBoral Istmortgage oa Zaaeevllle raal 
CL Cea. * Be., oomtol 



Real estate mortgage* on June 90, 1999 . 

MasaUon RR. (leased i Istmortgage 

m Pledged as collateral. 



1.000 
1.000 
1.000 
1.000 
1,000 



. 

9O2.OOO 
Bee text. 

I.'I.IHMI 

2,000,000 

1,121,000 
000.000 
20,000 

200.000 
1 SO.OOO 
200,000 

200.000 

76.000 
559,183 
106.700 
110.000 



5 S 

t.-I . 

2* 



5 <tk J. 





5 


!* 



J. A J. 
Ann'lly. 



M. A 8. 



. 
N. T., Guaranty Tr. Co. 



Hamilton Tr., Bk'lyn. 
do A SOB'way.N. Y. 
Boston, Co.'* office. 



Jan.1,'97, 294 
Jane 1, 1925 
June 1, 1921 
Jan. 1, 1920 
Jan. 1, 1943 
Oct. 3, 1892 
Men. 1, 1927 
Aug. 1, 1930 
Jan. 1, 1941 



July, 1895, not paid. 
Apr.,'93.coup.la8t paid. 
July, '93, coup, last pd. 



June, '93, coup, last pd. 



Boston. 



July 1, 1917 
July 1, 1917 
July, 1917 
Apr. 1, 1894 
Apr. 1. 1929 
May 1, 1896 
June 1, 1928 
Jan. 1, 1941 
May 1, 1943 



Men. 1, 1918 



9wa * Cincinnati 



Ry. V.98, 
20 miles. Is 



62. p. 11*7. 



* Jaekson Ry.) 

HnrromT.-In 1894 Messrs. C. B. Brtoe and others acquired control ot 
Interest on aew firsts due Dee. 1. 18*4. was not paid and F. 
Drake was appoiated receiver. Road sold oa Jan. 5. 1897, for 



look. 
B. Dr 



RBOBOAVIZATIOX Comnnma.- P. P. Oloott, Calvin B. Briee and O. 
B. 9b*Mrm; J. V. Wallace. Beeretary. 54 Wall Bt.. N. Y. Plan of Dee. 10. 

1800 I V. 94, B. 41), 
95 .fcXUrtdY pre- 
to call at par: 1st 
IT mile) 93.240.000 
id rolling stock and 



of 9 par cent will receive fl.OOO of the aew 
on paying asseeameat of 25 cents per 9100 
receives 920 in new commen 

EAJurixo*.-! I monthe.< 1999 grose.9044.O9O; net. 982.937 

Jan. 1 to Hov. SO. (1999 gross, 570.4O81 net, 78^03 

ACTUAL KsroRT -Report for 1903 In V. 93, p. 1 137. showed : 

Jbnl.4M*n. gal., nrm. 
941,319 




12 



1895 96S7.S99 



9*0.100 



948.711 

u m 



00.638 



1804. 037,008 

.3. p. 8*9. 102; V. 04, p. 41. 82. 
Cincinnati Lebanon A Northern 

Dodds. >.. 36 miles: branches. 8 mile*; total. ~ -~ . .-.., , .. 
May. 1890, by the Peaa*ylvaala Company. The " speelal mortgage' 
bears Interest until Jnly 1, 1899, at /p. e.. and thereafter at 5 p. c 

- 
Itirl 



p. 909, Amoant doe Pitta. Ola. 
91.mi.6l3. and en unpaid coo, 
Pront and lew defleftTan. 1. 




Cbleago A Bt. Louis Da*. 31 
eas.TDcl 

' 



I 754,000 of the bonds. 
H87. was paid oa April 

1.J 




Jan.. 1999, 
. Capital 
18B3. 



. _r. 900-of which I'enn. 
fmVMylvaala Railroad owns 
Pint mort. coupon due July 1, 
, ABVV. at Wtnalow. Laalcr A Co.. New York ; 
paid April 1, 1999i July. '98. coupon paid 




-rTCV.9.? 

EAni!ios.-Flscal year ends Pi mater 81; report In V. 02.P.9O6. 

1999. ' *1- *.'-'- MMfl 9110.7S9 def.975^79 

. rT3l 1121200 def. 34.750 

(V. 00. p. 522. 747; V. 01. p. 151; V. 62, p. 548, 9O9: V. 93, p. 870.) 
< in. Innall Mew Orleans A Trias lart*)r By. ROAD. Opa- 
rstes'lnnrnnatimrnlhsra By ,fllsalansrltiT f Tisttsninrgs Tsan .fffflm 
H0TOBT. ETc.-Organlied la 1891 under laws of Ohio to lease the 
CJaeWnatl Boatbera Railroad, owned by the City of Cincinnati. In 
October. 1805. a majority ef the capital stock (laeloding 9500.100 
Ry. Co. and 9M*o.ooo belonging to Ala. Qreat 
.. was held nnder agreement forjoial benefit of the 
' o. and the CbMtn. Hamilton A Dayton, (tee V.ttl. p.2O. 
, 1806. the Southern Ry. and Cincinnati Hamilton A Dayton 
le purehase the ^-t*- i" Southern from the City of Cladin- 
aatl. but their enfer was rejsetsd; see V. 03. p 939.391. 

Rental dne Ctty ef fftemnstl tljoilooo till Oct. 12. 1806: 
$1402.000 Ull Oct. 13. 1901. and 91.202.000 Ull 1900. Betterments of 
abovt 91 50XMX) revert to lessor annually. See V. 62. p. 332. 

RccBlTVBsair.-S. M. Peltoa was on March 19, 180*. appointed re- 
eslrer Car trusts. Jon* SO. 1999, 9*31.742 ; bills payable, 9130,177. 
LATEST K Ri*os.-5 moe.. ) 1996. .free*. 91.417.197; net. 9388.818 
July 1 to Nov. 30. \ IHOft.igroes. 1.087,507; net, 525.054 

AJDTOAL RETORT. -Report for 1805-9 was la V. 93, p. 049. 
Tear ntf. SIMM 90. 1806. 1899. .1804. 1998. 

learatagB 




Balance dcr.923.174 df. 970.000 def.91 72.203 df.9152.57O 

(T. 03, p. ii6, 158, 228. jo/, 949. 664.) 

< i. ,. Innall Portensenth * Virginia HH^-Owns from Idle- 
wild, O.. to Sctotoville, 1O8 miles: trackage (Cln. Lebanon A Nor. 
to Ctaetnaati. 4 miles ; total, 113 mlie*. Ohio A Northwestern was sold 
ta Hjiaiiisji March 13. 189O. and reorganlied. Preferred stock Is en- 
I per cent dindeads. then common to 5, then both pro rate. 
I la Jan., 1999. paid 3 p. c,; July, 1890. 3 p. c,; In 1807, 
Jan.. 2 p. c. 

Bone-In Jam*. 199ft. lamed a mortgage for 96OO.OOO of 5 per 
oat bands for lanweinoBt* and eqalpment. Bonds are subject to 

at 105 oa alaWy dav. aetlss In the order of their numbers. Trus- 
la vestmeat Trust Co. of Philadelphia. 

EAirijioe.-5BK)s.. 1 1906 Oross.9120.23O; net, 910,274 

Joiy 1 to Nov. 30. <19M Gross, 195309; net. 29,004 



S. sca year ens une 30. eport for 1895-90 was In 
1, showing (TOSS, 9289.104; net, 943,881; taxes. 96.300 ; 
1.646: dividends. 911.88O; balance, surplus. 924,055. In 
OSS, 9250,693 ; net, 945.6OO.-(V. 63, p. 791.) 



EABMXOS. Fiscal year ends June 30. Report for 1895-90 was In 
V.OS.p. 791, sho 
Interest. 91.646: 
1804-95 (TOSS, 

Cincinnati Richmond A Vert Wayne RR. Owns from Rich- 
mond, Ind.. to Adams. Ind., 80 miles ; leases 5 miles of P. F. W. A C. 
Now operated (January, 1897), by Grand Rapids A Indiana Ry. for 
net earnings as rentals. Interest Is guaranteed by the Peunoyl- 
vanla Co, aad PltUborf Ota. Chicago A Bt L. Co. Jointly. Stock. #1,- 
700^18-par, 95O. of which Peon. Co. Deo. 31. 1895, owned 91 ,256. 
000. Doe guarantors Dee. 31. 1895, 91,245,233. 

EAaxnra.-Calendar year 1896, gross, 9*93,041. against 9447,605 

. l '''>. 



Trarmd. Dtc.31. Press. 

1800 9447.605 

1804. 414.783 



\rl 

9103.449 
133.472 



Balance. 
9120.500 def.923.111 
157,040 def. 23.574 



la 1803, fn.ni 



n.. on Bun*. R. A P., 
dunng corporate. 



SKS 



and renewals thereo/ to Huffalo Rochester A PmiVmVi- 
> at a rental payable In gold and equal to per cent oa 
meek, par 950, and 5 per eent on bonds, the latter belnv uuar. 
Indorsement OB each. On June SO. 1890, 91OO.O4S was due 
P. tor advancements for Improvements -see V. 01, p. 710. 

Cleveland Akron A Colnnsbns Railway. Owns from Hud 
SOD, O.. to Columbus, O., 144 miles; Dresden branch. Kllliuck to Trln- 
way. 83 miles; coal spurs, 14 miles ; total owned, 191 miles ; trackage 
Hudson to Clevelsnd. 26 miles, and Trln way to Zanesvllle. 16 miles; 
total operated. t33 miles. 

HiirroKT. Reorganised under thl* title In January. 1886. In Septem- 
ber, 1805, Calvin i Brlce purchased control and was elected president. 

DlviDiXM. In 1886 and 1887, eaeh 1 >* per cent; for 1888, 1 p. c. 
for 1890 1 p. c.; In 1801 1 p. e. la Nov.; In 1892. 1> ; none since. 

Bonn*, The equipment bonds are redeemable at 100 and Interest on 
August 1.10OO. and at 1O5 and Interest on any August 1 thereafter 
prior to 193u. Bonds In excess of 973O.OOO bare been canceled and 
cannot now be lamed. Equipment trusts outstanding December 1, 
1990, 9324.438 payable monthly, bills parable June 3O/96, 9233,241. 

RBADJCBT* EXT. -The report for 1805-90 say s : The general results 
of the year's business are dlseoaraging , and demonxtrate the necessity 
for a radical readjustment of the flaaaees of your company and fur In- 
creased facilities for procuring and handling traffic." 

AjnroAL REPORT. Fiscal year cad* June 3O. Report for 1895-96 
was in V.OS.p. 1112, showing groa.9874,92O; net. 9343,958; Interest 
and rental, 9181.803: balance, 962.565: charges against this balance 
amounted to 9138.76O 'see report), leaving a deficit of 961.1115. 
Equipment payments (additional to charges above) amounted to 895,- 
779 during the year. In 1804-05 gross. 9857.930; net, 9283.3OO. lu 
1 893-94, groas, 9806.090: net, 9210,9O6.-(V. 03. p. 1113.) 

Cleveland Hell A Terminal HR. Owns 6>s miles terminal 
road, or 13 miles Including lde tracks, at Cleveland. Ohio. Block, 
common. 98.O01.OOO; preferred, 9178.000; par 9100. Mortgage 
trustee. International Trust Co.. Boston. Interest on the firsts 
Is payable la preferred stock. Loans and bills payable June 80. 
IStfe, 921.700. For year ending June 30. 1896. gross. 928,659; net. 
99,005; Int. and taxes, 92,872 ; balance, surplus. 90,188. In 1894-95. 
gross. 937.912; net. 912.4O9; Int. and taxes, 92,721; dividends, 
90.208 1 balance, surplus for year, 94.48O. 

I. v eland Canton A Southern RR. Owns Cleveland to Zanes- 
vllle.O., 140 mfles ; Canton to Sherrodsvllle, 43 miles; other branches 
16 m.; leases Masslllon RR. 6 m.; total. 210 miles. (V. 54, p. 844). 

REcniVERsiiir. J. W. Wardwell Is receiver. 

CnHBTTTKES. Olerrland 4 Cantunrtnt mortgage committee: Charles 
A. I'eabody, Jr., H. L. Tbornell and II. K. Pomror; depositary, Mercan- 
tile Trust Co. V. 59. p. 697. This committee's Trust Co. receipts for 
92.000.000 firsts have been listed on N. Y. Stock Exchange. 

OtneJmnd 4 Canton equip, trial and imprnrrmrnt bondholders' com - 
mlttee. Moraan Kotcb. H. B. Hoffins. II. F. Ulmock, C. T. Birney. 
Ororge P. Mcsaervy. (ieorge N. SmaUry, Charles II. French; deposita- 
ries Internatl- n.il Tnut Co., Boston, and U. 8. Mortgaie Co., N. Y. V. 
59. p. 92O, lOOfl. Cnntolidatrd Mortgage Robert Maclay, Louis C. 
Ledyard and William Roth. Ooenoclon A Southern p. W. Smith, O. 
W. Plummer and O. Presoott ; depositary Is International Trust Co., 
Boston ; more than two-thirds have been deposited. 

FORECLOSURE. International Trust Co., Boston, trustee of Cleve- 
land A Canton /Ir( mortgage, flled Its foreclosure suit In March, 1806. 
suit for foreclosure uf ('oshocton A Southern mortgage was Instituted 
In December, 1895. Knlckcrixicker Trust Co., trustee of oonsol. mort- 
gage of 1892, filed notice of foreclosure proceedings on Hov. Id, 1894. 

BaoBOAViZATio*. In January, 1897, negotiations were pending 
looking to a reorganization acceptable to all Interest. 

Coupon PAYMENTS. Coupons due Ju'y I, 1894, on Clev. A Canton 
<fr/were paid Dec. 31, 1894; Jan., '95. paid June 29. 1895; July, 1895. 
and subsequent, coupons were not paid. V. 62, p. 40. 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV, 




JANUARY, 1887.J 



KAJLKOAD STOCKS AND BONDS. 



43 




SUPPLEMENT. 



|Vou. LXIV. 



INVESTORS' 




_. *,' /K MLL. White Water branch, 1st, goui.c 
*ii'"'~' I_IAA rHninntt IstMort... 



119 
391 
391 

bin 

72 
73 
63 
45 
45 
-, ki-i'i. . 267 

old CAT 194 

..e-| 203 
i-AT 1,808 




(11,000,000, goiu ;.;:, 

monthly) Dec. 31, 1896. 



OS,! * Jfor. 



(dueWoOO monthly) Dec. , ... 
ra-Con.M.<now lst>*3,OOO,OOO,g.e*i 
.-lst M., . t., not drw., gold, gimr. . .c' 



125 
97 



1*7-1 
1 ss-1 
1869 



IH'.tO 

1871 

IS'.IO 
IS'.IO 
IS'JO 

1891 
1893 



1871 



1888 
1895 



(100 
100 

1.000 

,000&c 

l.OIHI 
1.000 
1.000 

1,000 

1,000 

1,000 
1,000 
1.000 

-,00 AT. 
1,000 

1,000*1 
1,000 
1,000 

1,000 
50 

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



l.OOOAc 
1,000 



8,000,000 

4,158,000 
3,205,000 
2,000,000 
500,000 
650.0OO 
78,000 
1,103,730 
5,000.000 
10,OOO,OOO 
4,000,000 
6,000,000 

792,000 

428,850 

2,571,000 

2,000,000 

125,000 

5,000,000 

7(10,000 

4,300,000 

400,000 

335,000 

2,935,000 

1,250,000 



7 
7 or 6 g. 



6g. 



4g. 
4 g. 
4g. 

u 

7g. 
6 per an M 

7 S ' 
7 

Text. 
7 
5g. 

I 6 ' 
5 g. 



M. A N. 
J. A D. 

F. A J. 

Various 
M. A N. 
J. A J. 
M. A 8. 
M. A 8. 
J. A J. 
M. A N. 
J. A J. 
J. A D, 

M. A 8. 

:. A N. 

J. A J 
A. A O 
J. A J 
Q. text 
A. A O 
A. A O 
J. A D 
J. A J 
See tex 
M. A N 



.. 

do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



do do 

New York and London. 

N.Y., J. P. Morgan&Co. 
do do 

do do 

N.Y., Blair 36 Wall St 
do do 

do do 

do do 



N. Y. ,Winelow,Lan. ACo 
N. Y. Farm. L. A T. Co. 



May 1, 192 . 
Aug. 1, 1936 
to Jan. 1, '99- 
May 1, 1899 
June 1, 1914 
Jan. 1, 1934 
July 1, 1919 
Nov. 1, 1912 
July 1, 1940 
Sept. 1, 1901 
Sept. 1, 194O 
Jan. 1, 193 
Nov. 1, 1990< 
July 1, 1991 
June 1, 199* 

Sept. 1, 1901 
Nov. 2, 1896 
Jan. 1, 1928 
Apr. 1, 1901 
Jan. 1, 1903 
Oct. 21, 1896 
Oct. 1, 1898 
Oct. 1, 1933 
June 1, 1936- 

Monthly. 
Jan. 1, 1938 
May 1, 1935 




!->.(:.. 

s?r~ 



were out merely as collateral, as were also 
;hn authorized issue of $2,000.000) of Cleve- 
and improvement bonds and $oel,ouu o. i/. 
'."for aloan of $900,000. 



tanning on the.various lines (exclusive of those on the Cairo division' 
hn Peoria division, the Michigan division and the St. Louis division 
west of Terre Haute) Of the balance $5,000,000 were authorized to 
be sow at once for double-track. equipment, .etc._,_an_d_thejemain,n g 



iamgs,ewj., ...>, u , $120,893. In 1894-95, gross, 

6737822 ; net, $99.151.-(V. 63, p. 75. 1 1 5 .) 

riereland Cincinnati Chicago dc St. LouU Ky. (SeeMap.l- 
an extenVive system ofroads radiating fr ,m Indianapolis, 
- ly to Chicago. Peoria, Cairo, 111., St. Louis, and east- 
iiisky Cleveland, Columbus and Cincinnati, Ohio, with 
x tensive terminals in Louisville, Ky., have been built and 
iver the IxniUvllle A Jeffersonvllle Bridge, the company 



erly to 
branches 



Jeffer<)iiviiTe"froin~Nortn Vernon over the B.'A O. 
H. w "V 62 P. 84. In Muy, 1896, trackage rights were acquired over 
thai AO C mto Tolwlo and over the Lake Shore into Detroit. As 
' - *J See this company. 



shown on map the system comprises : 

Owned directly- '<"> 

Cleveland, O.,to Columbus,O.-138 

Gallon, O., to Indianapolis 203 

Delaware to Springfield 50 

Cincinnati to Lafayette 175 

Indianapolis to Terre Haute 72 
Harrison Branch 7 

Leaied entire stock mcned 
Clneln. Lafayette A Chlo. Ry. 57 
Cairo Vlnoennee A Chlo. Ry. 

Cairo 111., toTllton & branch. 267 

St. Lou. Dlv. T. H. to E. St. L.193 
Columbus Sprlngneld A Cin. 

Columbus, O., to Springfield.. 45 
White Water Harrison, Ind., to 

Hagerstown, Ind. 62 

Cln.WabMh A Michigan Ry. 

Benton Harb. to Rushv. A Br.249 
Other lines (a) 44 



Leased and controlled. Mile*. 
Cincin. BanduskyACleve. Ry. 

Sand'sky, O., to Dayt'n,O.etc.l70 
Cincinnati A Springfield Ry. 

Lud.G've(6m.fr.Cin.)toDay'n 48 
Colutn. HopeAGreensb'gRR. 26 

Trackage Into Cincinnati, Ac. 32 

Total Included In earns... 1,8 38 
TracfcaffeintoJeffersonville.. 53 
Operated; earnings kept separate 
Peoria A East'n Ry. (J). 352 
Kankakee A Seneca RR. 42 

Mt. GileadShort Line 2 

Dayton A Un. RR. (H) 47 

Trackage 111. Cent, into Chicago. 56 



n* consols of 1888 are now a first 
lien of tUe $3,000,000 authorized, $428,850 can only be issued on re- 
tirement of like amounts of the preferred stock. ,,,,, th -, 
1 The Cincinnati a Spring field firsts are guaranteed, one-half of them 
by C C. C. & Ind. (now consolidated with Cl. Cm. Ch. A St. L.) and one- 
half bv the Lake Shore A Mich. So. 

GENERAL FiNA.HCE8.-On July 1, 1896, bills payable were *TO1.4a6; 
there wore $738,302 equipment notes, payable in yearly instalments, 
$362 f 321 becoming due in 1896-97; also $680,000 "Am. Express Co. 
advances The company held over $2,000,000 of its general mtge. in 
the treasury Guarantees intereston Louisville A Jefferson ville bridge 
bonds jointly with the Ches. * O. See -Miscellaneous Cos." Iiid .Cm 
A Lafayette 7s for $379,000, due Feb. 1, 1897, were paid and retired 

LATEST EARNINGS. From July 1 to Nov. 30 (5 months.)- 

Gross. Set. Int., <&c. Sal., sur 

189 $5,484,974 $1,334,530 $1,174,830 $159,700 

1895;".. 6,223,071 1,657,912 1,181,674 476,23g 

ANNUAL" REPORT.-Annual meeting last Wednesday in October. 
Report for 1895-96, with balance sheet. Ac., in V. 63, p. 552, 561. S 

Mail and express.... 847|982 815,317 803.078 

Total earnings... $13",46o",OOS $13,384,656 $12,774,814 $14,416,151 
Oper'g exp & tales. 10,2931703 10,254,068 9/750,503 10,964,787 
P. o. op. ex. to earns. 76-47 76-61 



y,/ou,o* 

74-80 



74-74 



Grand total, June, 1896. . . .2,390 
Double track 55 



Net earnings.... $3,166,305 
Rentals, luterest.Ao. 252,319 



a No debt, or bond* all owned by Cler. Cin. Ohio. A St. L 

The company l alo one-fourth owner of the Peoria A Pekin Union 
Ry one-seventh owner in the Terminal Railroad Association of St. 
Louis and two-fiftha owner of the Indianapolis Union Railway and 
partial owner of Dayton A Union. 

HISTOKT, ETC. A consolidation of the Cincinnati Indianapolis St 
Louis A Chicago Railway Company, the Cleveland Columbus Cincin- 
nati A Indianapolis Railway Company and the Indianapolis A St. Louie 
Railway Company, made in July, 1889. It is one of the so-called 
Vandermlt roads. The St. Louis Alton A Terre Haute main line and 
branch were piirchaxed In 189O tor $10,000,000 of 4 per cent bonds. 

In 1889 acquired the entire stock of the Cairo Vincennen A Chicago 
and In 1890 leased the Peoria A Eastern (which see). In 1890 also 
practically absorbed the Columbus Springfield A Cincinnati and the 
Cincinnati Bandosky A Cleveland. Entire common stock of the latter 
to owned, and under a lease running till 1969 Interest Is paid on bonds 
and dividends on preferred stock. V. 51, p. 457, 608. 

CAPITAL STOCK. According to Ohio statutes company has privilege 
of retiring preferred stock at par after June 27, 1892. On Jan. 1, 1890, 
the common stock was * 20,500,000, and it has been increased to pres- 
ent figure to acquire stocks of lines absorbed, etc. 
DiviDEHDS 1890. '91. '92. '93. '94. '95. '96. '97. 

Common ) 4 p. c. 333 none none none 

Preferred > From 1890 to Jan., 1897, Inch, 5% (I'-iquar.). 

Bonos. The sinking fund provision of the Cleveland Oolumbut Oin 
einna't <f Intlinnafnttm fontol. froiut* of 1874 may be canceled at option 
of bolder*, and the bonds so stamped. The principal of these bonds Is 



parable In gold, but the Interest Is payable at option of holder either in 
lawful money at 7 per cent per annum or In British sterling at 6 p. o. 

Of the Itulianapolii <t 81. Lnuit tlrst mortgage bonds series "A" are 
J A J.; series B." M. A 8.; series "C," M. & NT 

The 910.00O.OOO SI. lMU.it Diritinn bondi of 1890 Issued to the St. 
Louis Alton A Trrre Haute In payment for Its line from Terre Haute, 
Ind., tn Kast St. Loul. III., and branch, 193 miles, and now forming 
the St. L. I>lv. of the C. C. C. A St. L. are now a ttrst collateral lien on 
that line; #31O,OOO bonds are hld In the sinking fund. The bonds are 
not subject to call. Thry are direct bonds of the Clev. Gin. Ch. & St. L. 

dare secured brdrpont In trust of a purchase money mortgage for 
O.OOO.OOO executed by the Cairo Vlnceuiics & Chicago, which pur- 
chased the 8t Ixiuls Dlv. In 1890. For deed of trust see V. 52, p. 42-45. 
As to the Cine tnnait Wuliatn <t Mich. 4 per cents, see V. 52, p. 718. 
The 1OO year mortgage of 1893 Is limited to $50,000,000, of which 
929,252,000 reserved: to retire at maturity the bonds now out- 



$3,130,588 $3,024,311 $3,451,364 
263,744 259,235 252,904 

Total netinoome. $3,418,624 $3.394,332 $3,283,546 $3,704,268 

Interest on bonds... $2,639,863 $2,642,159 $2,554,235 $2,445,13; 

Rentals.eto 204,647 202,547 221,341 281,136 

Dividends 500)000 500.OOO 500,000 1,340,000 

Balance sur.$74,114 sur.$49,626 sur. $7,970 df.$362,003 

-(V. 62,p. 84, 948 ; V. 63, p. 189, 310, 458, 535, 552, 559, 561.) 

Cleveland Loraln & Wheeling y. (See Map.) Owns from 
Lorain, O., to Bridgeport, O., opposite vVheeling, W. Va., 158 miles; 
Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles; 
total, 192 miles, and has trackage into Wheeling. 

HISTORY. This railway is a consolidation Nov. 23, 1893, of the C. L. 
& W. railroad and the Cleve. A Southwestern. (See V. 57, p. 808.) 

STOCK. Common, $8,000,000, and preferred, non-cumulative, 5 p. o 
$5,000,000, par $100. After dividends of 5 p. o. have been paid on the 
preferred and common both stocks share alike. 

DIVIDENDS. On preferred in 1896, March, 1 p. c. June, 1 p. c.; Oct. 
1 p. c.; in 1897, January, none. 

BONDS The consolidated mortgage for $5,000,000 (U. S. Mtge 
Co., N. Y., trustee) covers 192 miles main line, including the extension 
of 28 miles to Cleveland, completed in Dec., 1894; also 70 miles sidings, 
equipment, terminals, etc., now owned or hereafter acquired. The 
mortgage provides the retirement of the Cleve. Tuso. Val. A Wheeling 
firsts at maturity. The general mortgage was issued for improvements. 
The car trusts were issued for $400,000, payable in 80 monthly instal- 
ments of $5,000 each; they cover 6 engines and 1,000 coal cars. 
Bills payable June 30, 1896, $54,709. 

EARNINGS.-- 4 months, ) 1896 Gross, $424,591; net, $127,055 

July 1 to Oct. 31. J1895 Gross, 619,529 ; net, 197,861 

REPORT. For year ending June 30, 896, was in V. 64, p. 39, show- 
ing: Gross, $1,586,917; net, $442,752; interest on bonds, $281,045 ; 
int. on oar trusts, $16,228 ; dividends, $100,000 ; bal. surplus, $45,- 
479. In 1894-95, gross, $1,360,464; net, $402,928. (V. 64, p. 39.) 

Cleveland & Malionlng Valley Ky. Owns from Cleveland, 
O., to Sharon, Pa., 81 miles [57 double track]; Niles, O., to New Lisbon, 
O , and branches, 44 miles. Leased to Nypano RR. (formerly N. Y. 
Penn. A Ohio) till 1962 ; rental $514.180 per annum, payable monthly. 
In 1896 consols for $155,000 were Issued to retire the last of the prior 
bonds and the consols are now a first lien on the entire road. Coupon 
interest is J. A J., registered interest, Q. J. Stock is $3, 259.200, of 
which $2,75H,250 Is held by "Atlantic First Leased Lines Rental Trust 
Co., Limited." of London. Dividends, 11 to 12^ per cent per annum. 
(V. 57, p. 179; V. 61, p. 966; V. 63, p. 968.) 

Cleveland & marietta Ry. Owns from Marietta, O., to Cana 1 
Dover, and branch, 97 miles, and 8 miles, Valley Junction to Canal 
Dover, leased. Pennsylvania RR. obtained control in Oct., 1893, having 
purchased about two-thirds of the stock. Stock, $2,000,000 par $100. 



JANUARY, 1887.] 



HAJLROAD STOCKS AND BONDS. 



nb*erlbrs will confer great favor by el vine Immediate notice of mn y error discovered In these Table*. 



KA1LROAD8. 



[Mile- e, or 



INTEREST OK DIVIDENDS. 



Por explanation of eolemn headings, Ac., see notes or of Par " o *j ?M__ Kate Per When Where Payable, and by 
on first page of table*, Road. Bonds Value. Cent. Payable Whom. 



,J?oiid-Prinoi- 
pal. When Due. 



Dividend. 



Ofew. 4 Pitt**. Stoek, 7 p. e. gnar. by Penn. Co.... 

Consol. sink, fund mort forfS.OOO.OOO.notdr'n.c 

Gen. M. for 910.OOO.OOO gold j series A c" 

gnar. p.* I. 'end.) Pa. RR. 5 series B 

Ooastr'nandequip-tlnc..Sr."A."dr'natlOO e 
OUt. Terminal f Fa/tey-Stock. 92.2OO.OOO Is pref. 

1st M., 86,000,000 gold. guar. by B.A O. end.e* Ar 
Ooarf K. of X. steel*. le! M. 95OO.OOO (9 * *) .e- 

00OTO~*"'~'- 1. *...,_,.. M 

15 ..-.,., 



intend HeceJ^rVeerUneates" 



1st mortgage. (925.000 per mile) irold e" 

~ teoLOTfor 96,000,000. gold (See text).... r- 
lipment bond., . C drawn at 103. cold c- 



. dr*n at 105 after 1894, gold. . .e. 
on Lte*, 1 it M., gold. Interest as rental 
1 R'y let M.. gold. gnar.. red. at 1O3.< - 
-o.-fst M., 96,6oo.OOO, g.. e' 
VM-lstM.for912.000 p.m.* 
jelmnlm 4 OfcMfcMMM JfMJoMl-ComiDon lock . . 

Preferred stoek (Me remark*) non-voting. 

lt M..ext. guar. p. A I. by Cent. O. and B. * O.c 
Ca/i< if>6 Harki^v >'< A TM. Common stock 

Pleterred 5 p. e. stock, non-com., red. at 100 

Col. * Hoek. VaL lit mart, Colam. to Atben c" 
Col. A Toledo 1st M. (Cohunbo* to Walbrldge)..e- 
CoL A Tol. 3d nwrt. (Columbus to Walbridge)... e 
QmJo * West Va. 1st mort (Logan t* Poa>eroy>..e' 
l.mrt.g..onroedandHoeklngCoel*RR- 
ort .gotten road A Hooking CoalARR.C<>.c 



Oar trast bonds s. f.. red. at par, gold, see text 
Ohio Ld. A Ry.Co.. M..g... {.. reat 1 lO.Me Mxt 
Wellston A Jack. Belt I. . 1st U.MOOjOOO.pM. gu. 

lit-ni-r.tl ii.-n n,..ri k -a.--. i:t... ....-... .-,.|.l , -A- 



199 
L99 
1*9 



87 
"13 



MO 
Wl 



7 
"63 



1897 

L8M 
1893 

1873 

1895 
1890 
1888 



50 
1.000 
L.QOO 
l.OOO 
1.000 
Text. 
I.OOO 
l.OOO 

II" A. 



1886 
1890 
1888 
1890 
1889 
1890 
1895 
1887 



71 






76 
118 
118 

88 



17 
346 



1867 
1875 
1880 
1880 
1881 
1884 
1894 
1894 
189& 
UM 



1.000 

1,000 
1,000 
1.000 

i',obo 
i'.obo 



l.OOO 

UM 
100 

5OOAC. 
1,000 
1,000 
1,000 
1.000 
1.000 
1.000 

] ..M> 

l.OOO 
UOOO.nl 



$11,226,050 7 

1.484.OOO 

3.OOO.OOO 

1,561,000 

97.OOO 

6.670,050 

:,.-.,H,.,,,M 

300.000 

ttOO.ix,.. 

147. 

6.250,000 

4,8 66.0OO 

200,000, 

127,000 

1O8.OOO 

1.250.000 

9OO.OOO 

706,000 

2.00O.OOO 
l.OUO.OOO 

2.000,000 



per an. Q. -M. N. Y., Window, Lunier. Deo. 1, '96, 1% 
7 M. A N.; do do Nov. 1, 19OO 

4ig. J. A J. do do Jan. 1, 1948 

4g.A. A O.| do do Oct. 1, 1949 

7 J. A J. do do Jan. 1/1913 



4 g. ,M. A N. N.Y.. Brown Brog.ACo. Nov. 1, 1995 

A. A O. Boston. X. Y. A- Ixmiliin. Out. 1, 1945 

6 J. a. D. Phlla., Phil. A R. Office. June 1, 1898 



6 g. J. A D. Deo.'93. coupon laatpd. June 1, 1936 

4 g. F. A A. AUK./HK.coup.laatpald.' Feb. 1, 1940 

7 g. M. A 8. 8ept,.'96, prt. wh-n due. Mch. 1, 1898 

6 g. J. A J. Jan., '97, lid. when due. Jan. 1, 19OO 
8g. J. A J. July, ];;>;. not paid. Jan. 1, 1919 

7 f. J. J. July. 1896, not paid. July 1, 1935 

5 g. M. N. Philadelphia. Mar 1. 1925 

6 g. J. J. Jan., 1937 



3 J. J. Jan., '96 dlv. last paid. Jan., 1896 
4% J. J. Jac., 'SMS, coilp.hmt paid. Jan. 1, 1939 



2.500,000 See text. J. A J. X.Y.,B.D.DavU,36 Wall Jan.2,'97,2>a 

1.401.000 7 A. A O. do do Oct 1, 1897 

2.500,000 7 F. A A. do do Aug. 1, 1905 

600.000 7 M. A 8. do do Sept. 1 1900 

1.584.000 7 M. A N. do do May 1, 1910 

8.000.000 6 g. M. A S. do do Sept 1, 1931 

J.OOO.OOO 6 g. J. A D. do do June 1, 19O4 

1.342.OOO 6 B. <}.-J. N.Y..AtlantlcTru8tCo. Apr. 1, 19O4 

See text ' 6 g. J. A J. N.Y..9.D.DavU,3n Wall Jan. 1, 1914 

See text. 6g. K. A A. do do AUK'. 1, 1915 

4 g. J. A J. New York City. July 1, 1996 



and 



-Nw nrst mortgage for 98.000.000 Is date 
uaranteed as to principal and (Merest by the 

Farmer.' I.. AT. Co.. S.Y.I. Sinking road 



dated May 1. 1895, 
Penn. Company 

. ... of 1 p. e. oom- 

nences July 1. 1896; bonds bought at par but not lubtrrt to call. 
REPORT for year 1 Wo In V. 63, p. 25. shows gross. 9367.753 ; net, 
rest on bonds. 947394; Interest on floating debt. et.. 
. balanee. surplas, 92,423 ; ton rale. -O93 eents. Year 1894. 



934,742 ; balance, surplas. 02.423; ton rale. 

(Toss, 93 .15,1 85: net. #6O.973.-< v! 6O, p. 991. 879. 1068; V. 63, p. *i.) 

< l > .-land A Plll.bure It It - V // 

Clrrrland.0.,u. Rochester. Pa. ' 
Kunaata . .. ;i 
ester to Ptmonrc 



.t.,K..-i,.-t,.r. P., .1. !!]. EnatthM Bnj .-...-.. N. 
Similes; YeUowCYeek to Bellalre. 48 m; trackage! Booh- 
bnrg (Ptttab. Pt Wayae AChie.1. 96 mlloa; tetnl. 394 miles 
1871, to Pennsylvania RR. 
Co. Rental. 7 per cent OB 
a, the loseoos assuming all 



i tram Dee. 1.1871. to! 

I to Pennsylvania! 



Co.. awl Ins IB __ 

..050 stock, and 
Babmttoa. Original stoek and 

Bo>De.-OeneraJ mortgage bond* are all equally secured ; they 
not lie called for the sinking fund. Bee guaranty. V. 56. p. 6O4. 



in 1894. lo_ In 1898 of 



! HOT. 30. 1896. was glren In V. 
42,901 In 13. S4fn.t lo o 



,792. proOt In 1893 of 9449, and 

lees ol 914.795 In 1891. (V. 6O. p. joi. 844 ; V. 62. p-yj. *46, 1O87.) 
< I. trland Terminal A !!., MM. *r* Hup Itaittmort 

<>wn from Cleveland. Ohio, to Valley Jnnotton. 75 miles, and 

13 miles of small branches. Bnanennr ns per plan In V. 6O. p. 437 

an.l V. .;i. ..f Ohloi sold In foreeloeare Sept- 

V The Haltimore A Ohto eontrols the new eompsav. A trafifl 

airnmienlwasmado wtu WlMvllng AI^eb1elall*S. r.63.p 155. 

STOCK Ortha8a.3OOJMM>wsMMfnarAM>t R.AO. awmsns 

Preft 



. par 910O. 



-Tbe arst mortom bonds are guaranteed, principal and In 
lerwtt. by the B. A O.. endorsed. Interest duo ov. 1. IWoVwas paid 
'MO*. Prom Oet 6, 80. to June SO. '96 111 mo*.), cross. 9659. 
90U; net.9188.436; Int on bonds. 9148.667; taxes. 913.412 : ball 
mrplns for 9 moe.. 8*8.857.- (V. 69, p. 890; V. 63. p. 153.791.! 
< -L.rado nidi.nd Rit.-Owas from Colorads Springs to New 
-*. miles; Aspen branch. 18 miles; Jerome Park branch. 
.5 mile.; leases New Castle to BMe Croak. 14m.; RtoUrande Junction 
RR. RlHe (-reek. CoL.toOrandJanetten. 6* miles; total. 336 miles. 

llorrom *HD BTca- -Completed Oet 15. 1888. and In October. 189O. 
Atentoan purchased entire capital stoefc at 9H.OOO.OOO. V. 51. p. 6O8. 
RBcmivmHir. ETC. -Receiver to George W. Rtottne. Consolidated 
mort Interest due Feb. 1. 1894. and Interest on nrst mortgage doe 
June 1. 1894. was not paid. Foreclosure salts under Brst and the eon- 
sol, mortgages have been nnaMnaetid and are still ponding. V. 61. 

Son" 8eeT*ffigl- ta * ^ ~ - '-" <"~- 
BonDHOLunne' CoimrTT.-For Colorado Midland flnt and cantol. 
4s. George Mosle. W. O. Rathbone. W. D. Sloaae, P. P. Olcott Charles 
Aver. Jarne* N. Jarvle; depositary. Central Trust Co.. N. Y. ueoar 
Buake. Secretary, 41 Well street. Hew York. There are 6S.883.OOO 
8rete (out of 96.2AO.000) and 93.967 ,OOO oonsols (out of A4.S86.0OO) 
deposited. (See T. 63. p. 709.) 

i coupons have been paid as follows : 

(mortgagee- J une"f*?894 

I mortgage - . Feb. 1,1894 

ment 7. of 1888 _ Boptl, 1896 

OBeatBeeof 18W) ... July 1,1896 



ITVn Paid. 
In default 
In default 
Sept 1.1896 
July 1.1896 



Coupons are paid at Central Trust Co., Hew York. <8ee V. 68, p. 29. 
Bon*. -Ab-tract of Mr* mortgage In V. 45, p. 540. and of consol. 
mortjragein V. 91, a. 873. Central frost Company Is trustee of both. 
The guarantee of the old Atehlson Co. on the console was wiped out. It 
tlstmsd. by the foreclosure of the Atehlson. The Butk Tunnel 
Is for 91.500.000. Due Ateblson July 1, 1895, 91.621.013. 



.,tl896...Oroes. 9735.23O; net. 9123,476 
J n If 1 to SOT. 90. { 1395. ..Gross, HU.9O9: neti 251349 

E*i i<,. -Th statement for yean ending Jnne 3O to: 

"t4/HM.Ki. 'Iron. Mml.Tatet.tU. Kalaiut. 

JS6->, .91^06,380 $558.067 t23O,6< snr.93:i7.428 

19M-0 1^99.661 369.151 15H.ni2 snr. 21O.539 

., EP 1 **** 121.667 <> def. 34348 

T.63. p. 2!>, 550. 700. 7irj. 1115; V, 64. p. 134.) 

rnd Wyoming A .rrt Northern Ky. Orcanlzerl In 
VMtobnlldarnadfrnintiranilJiin iinKlnOrandeWontara 

and Dearer A Rio rirannei northnrly -:iv^r. Wyo. (on the 

Union P.r ,rtir:tiri- trn-l..- in Security U A T. 

ITfwMent of the Constnietloa Owmpany IK II. C. 
W..|w,, r ii, \ . . IT. - '. \| i .. .. i- , :. Ipt , . 

ii KAM.WAT Co. 
Hap Hall. <f OMo.i 
iles; trackage to 



Columbus. 1 4 miles. In January, 1890, leased for 999 years to Central 
Ohio, by which assigned to Baltimore A Ohio. See V. 51, p. 718. The 
Baltimore A Ohio assumed the Central Ohio's guaranty of principal and 
Interest of the bonds (which are endorsed by the Central Ohio) and of 
3 per cent per annum, commencing with July 1, 1895. on the preferred. 
First mortgage Interest due J uly 1 . 1 896, wee not paid. V. 63, p. 3O. B. 
A O. Item. Bee description of mortgage, etc., p. 6 of SUPPLEMENT 
April. 1896. DmuKxiie On preferred. In 189.1. July, IM-p. c.: In 1896, 
Jan., m p. o.: none since. B. A O. owns the common stock. (V. 63, 
p. to. 10O7 ; V. 64. p. 134. 180. 

BoBDHOlDlu' (N >* WIT-TEE. Charles 8. llinchinan. Chairman: 
George Stevenson. Secretary, 138 South Third Street. Philadelphia; 
Harry P. West. Edward B. Smith and Charles Parrott Depository, 
'.iiaranteeTr. A S. a Co.. Pb.lla.-V. 64. p. 180. 

E*r*oe.- Year ending June 3O. 1896, gross, 8376.558; net, 
997.733; Intend taxes. 999.600; dividend*. 830,000; balance, def., 
931.878. In 1894-95 gross, 8899.910 ; net, 898.004. 

< olumbus Horklne Vallev A Toledo Ky.-(.s Jfap.)-Own 
- line from Pomeroy. O., to Walbridge, O., 250 miles, with trackage 

T miles; branches to AtheSsT 
Jackson Belt Line, from 



. ., , ., 

(Penn. RR. Systomt Walbridge to Toledo, 6 miles; branches to Athens. 
Nelsonvllle. eta.. 73 miles; Wcluton A Jackson Belt Line, from 
Mo Arthur Junction to Jaekson, 17 mile* (opened in February, 1896; 



1,918,OOO> 
42O.OOO 
462.00O 



10 miles to electric) ; total. 346 miles; second track. 35 miles. 

HISTOBT. Ac. A consolidation In July, 1881, of the Columbus A 
Hocking Vallev, Columbus A Toledo and Ohio A West Virginia. The 
capital stock of 98.000.000 of the Hooking Coal A RR. O.. controlling 
10.000 acres of coal lands, was purehaseTln 1881. 

DIVIDBXDO- >Jnly/92,toJan..97 I 1883. 1883. 

Pref., P. Ct > 5 per cent, yearly. | On Common 2" 13^ stk 

Booa OMsoManCerf mortgage was for 914,500.000. of which 96,- 
500.000 reset red to meet prior liens; but In 1893 9777.OOO consols 
reserved for 7 per cents due Jan. 1, 1892, were canceled, the 7 per cents 
having been retired with preferred stook, and In September, 1896, it 
was stated omolally that no further oonsols would be Issued for any 
purpose. Central Trust Co. Is trustee. The general mortgigtot 1884 
Is for 92.000.000; trustee (Oet, -96) Knickerbocker Trust Co., .. Y. 

The emr trum bondi sinking fund will retire almut one-tenth of the Is- 
sue yearly. Issued 81.75O.OOO-. retired by nlnklu fund. 94O8.OOO. 

The ainernl LU* M^rifagf of 1896 (Guaranty Trust Co. Trustee) 
covers all the property and securities of the company and ill Dropertr 
hereafter to be acquired with the proceeds of tne bunds. The total 
Issue authorised Is 93O.OOO.OOO, as follows (aee V. 63. p. 228. and ap- 
plication to 1C. Y. Block Exchange in V. 63, p. 1162). To January. 
1897. 81.181.000 generab. had been Issued in exchange for Ohio Laud 

A i: . i ii.|. 

Reserved to retire at or before maturity prior existing 

loans aggregating 17.50 l.OOO 921,926,000 

lesnable forthwith to take up 74.OOO Toledo dock mort if.. 7 l.OOO 

do ,).. 1,475,OOO O. Land it Ry. bonds 

do do 300,000 Welsfn A Jaok-B't L. 

do at company's option 

Available (slnee Jan. 1. 1897.) at not exceeding $40O,- 

OOO yearly, under carefully guarded restrictions for 

extensions, terminal*, railing stock and for betterment*. 5,20O,OOO 

GBUBBAL PINAXCES. In June, 1896, the entire floating debt was 
paid off by the sale of 8382.OOO gen. 6s of 1884 (making total Usued 
2.000.000) and 95OO.OOO preferred stook, making total 82.5OO.OOO. 

In October, 1896, the general lien mortgage was executed aooordlnir 
to plan In V. 63. p. 938 and 458. The bonds to be Issued at this time 
amount to something less than 92,500,000 and are Issued only in ex- 
change for branch line guaranteed securities and securities In the 
treasury, thus making these treasury securities available for future 
needs of the company. There will be no necessity of effecting a sale of 
a block of the new bonds until the * 1,401, (XX) first mortgage 7 per 
cent bonds mature In October. 1897. 

EAKKIMMO months. (1896 Grose, 91.862,791; net, 8758,722 

Jan. 1 to Sept 30. (1895 Grow, 1,840.298 ; net, 744,362 

AmrOAL RcroRT. Fiscal year ends December 31. Annual meeting 
will hereafter be held the third Tuesday In March. Report for 1895 
was In V. 62, p. 7'.'. Trsltlc Is mostly freight, and (14 per cent of this 
bituminous coal. The grades have lieen so reduced that the average 
train load of freight Is large In 1894. 45O tons. 

rr ending Dec. 31- 1895. l-'l 1-xl 1892. 

Grose earnings 82,676.421 S3.6H8.7OO 83,270.362 83.372.585 

if et earnings 81.2O0.6O7 61,245,926 91.461,627 91,567,457 

"IsoeUaaeous 19.6O6 10,000 10,000 10.OOO 

Total receipts 91,220.213 91.255,926 Sl.471,627 91,577,457 

Taxes 990,951 996,123 992,696 $85,31'! 

Interest on bonds 923.O3O 923,030 923.O3O 923,030 

Interest on car trusts 96,765 92,572 60.809 5 1 ,327 

Oth.-r Interest 19,004 !>,8<H 6,456 4.4.V, 

(nt to Pa. Co. on leane.Ac. IT 35,765 25.646 26,80 
Dividend on preferred. ..(5)100,OOO (5)100.000 (5)100,OOO(2ig)5O,OOO> 

Balance, surplus def. 89.537 98,572 9262,989 8436,525. 

'* charged In operating expenses. 
. p. 74 I . V. ii.1, p. 110, 153, 228, 458, 702, 1153, 1162.) 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



TOLEDO R'Y 



O ARi*in(ySUn u L--^ TTir=<-aarwi> 1K 

HEZ3Ki*rv* /'Wrr" * 



wadaTs 



VySVMCARTHUR'jC^: Offf Mlb 



fitt - s a -r 

H& * t^ 




JANCARY, 1887. i 



RAILROAD STOCKS AND BONDS. 



47 



b*ertera will confer a great favor hy giving Immediate noUce of any error discovered In these Tables. 



RAILROADS. 



r-or explanation of column headings, Ac., see notes 
on tint page of tables. 



Miles 
of 



Date 
of 

Bonds 



SUe, or 

Par 
Value. 



Amount 



INTEREST FOR DIVIDENDS. 



Outstanding Rate Per] When Where Parable, and by 
j Cent. I Pay able Whom. 




Bond Prlnel- 

pal.Wnen Due. 

BMckt Last 

Dividend. 



jOt.aan.m nocx. Kn. n*x t *>., wm v 

1st mortgage. r-2.OOO.OOO. gold 

General mortgage. 910.OOO.OOO, gold. 
1st M., scrip, for July, *96, and Jan., '8 



Col. San. 4 Hark. KK.- Rec'rsctf*., (old Co.)July.-9i 

. . ..O* 

o- 

IBI Ja., Btrrip. lur jui>. w. uu u., '97, t'OUpS 

Income bonds, non-enmulatlve. gold 

ZanesvUleTerm'l Co. 1st m. for 95OO.OOO, gold c- 

Col. Ter. * Transf. mtge. 935O.OOO gu. 0. 8. * H. 

Car trust notes, June 30, 1896 

Cvtumo** 4 Itmia Stock ,8H per eent rental... 

Ofttcord * dmrtmtnt (IT. H.> 1st mortgage e 

Montreal Stock. Class I. (B. C. A M. pf.) 



227 
227 



1895 
1895 



1895 
1890 
1893 



55 

71 



1894 



Stock. Class 1KB. C. A M. new) 

took. Class III. (B. C. AM. old stock) 

9*oek. Class IV. (Concord) 96.OOO.OOO auth. Text 

Beet. Cam. A Mon. Improvement mortgage. . . . . .c 



Concord A M> 

' 



ol.mort.for95.ftSO.000.c- 



OojWJ 1st M.. g.. *JOO.OOO; dm. at par.. 
. JtssM.-Pref . stock, 5-6 p. c.ren'l,99yrs.e- 
1st mort. (White Kir. June, to Canada line) goULe* 
dlv. as Conn. * Pass. 



swlppl sfk. guar. 

Newport A Rk-hford 1st mort. guar. by C. A P.o* 

*"~, 4 ^-^yfigtez&pv'* 

t tm ton years in cash or 



Scrip, redet 

Bends, not mortgage. for'91.OOO.OOO, gold e 

gmiMsnVig tnuU-jltt m.. gu. p. A L Pa. RR.en. c 



New 1st mortgage for 9800.000 i 

Oumttm* 0*&--Bo.Div.lst M., p.At go. by L.A N 



66 
262 



io 

87 
22 
47 
80 
80 

6"-75 
24 
34 



1881 
1890 
1890 

1893 
1881 



1893 

1- .J 
1864 

1891 



Northern Division 1st : 



, fooTtCnVffB 

( 1st mort. gold, guar 
jek (9484>00 Is preferred) 
1st and 3d ma., gold (3d 9109.000 a** Apr. 1908.) 



67 

"w 



1891 



$1,OOO 
1,300 



1.000 

1,000 



50 

"Too 

100 
IOO 
100 

1,000 

l.OOO 

1,000 

IOO 

1,000 

100 

1,000 

100 
100 

i'.bbo 

1.000 

50 

100 Ac. 



9500.OOO 
7-7.m>n 

7,446.591 
149.219 

1,150,171 
453.000 
271,000 
880,128 

1,786,200 
500,000 
800.000 
540.400 
459.600 

5,397,400 
500,000 

5,000,000 
190,000 

_',.-.. H...N -1 
l.'.hXI., ..... 

400.000 
350,000 
350.000 

- 



. 
J. 



New York. 
See text. 



N. Y., Hatch & Foote. 



Oct,"l,"i90O 
Jan. 1, 1946 



1945 

July 1, 1940 
1943 



1,000 

50 

MM A.- 



.. 

PHMUMO 

1,000.000 
991,000 
800,000 
766.100 
300,000 
300,000 
1,000.000 
1,777350 
270.500 



Columbus, O., Treasurer 
Boet., Treasurer's office. 
See text, 
do 
do 
do 

B'Bton, Faneull Hall B'k 

Boston Safe D. A Tr.Co. 

Nov.,'95.ooup. last paid 

Boston, 8. Dep. A Tr. Co. 

do do 

do do 

do do 

Manchester. N. H. 

Boston, Mass. 
Boston, Second NatBk. 
Boston. Ma 



Dec., 1896 
Jan. 1. 1914 
Jan., '97, l\% 
Jaii.l '97,134% 
Jan.l'97,l^% 
Jan.l'97,14t% 
Jan. 1, 1911 
June 1. 1920 

1914 

Feb., '97, 2 a% 
Apr. 1. 1943 
Feb., '97, 2>a% 
Jan. 1. 1911 
Jan., '97, 31 
Jan.lO,V7, 
Jan. 1, It . _ 
Sept. 1. 1943 



Phlla., Broad St. Stat'n 19OO-'l-'2-'3-'4 



Co.'s off., Lebanon, Pa. 



. 
do 



do 



N.Y.,L.*N.,120B'way 



. 
A. A O. 



N. Y.,ConsoL Coal Office. 
Phlla. A Chambenburg. 



do 



do 



Aug. 15, 1896 
Apr. 1, 1921 

Sept. 2. isn.s 

1899 

May 1, 1921 
Jan. l,'97.2 r 
Apr. 1 -' 



saa 



< ul.robu. H.ndu.k) A Horklng R Rv ROAD Sandusky Tin 
Columbus to ZanesvUle and southerly to Olooster, Shawnee and 
Bhawnee Junction, with branches: total. 273 miles, of which 236 
miles are owned and 47 miles leased. Trackage to Toledo, 51 miles. 
-<V. 63. p. 11 17.) 

HnroBT, ETC. A reorganlintlen Nor. 14. 1895 (per plan In V. 61 
p. M) of the OoL Bud. A Hock. Ry .. sold In foreclosure Oct. 19. 1895 

BBCXirr.Ksnir.-On Jan. 13. 1897, K. M. Poaton. of NelsonvlUe. O. 
appointed receiver. The action was made necessary by the large 
' | debt. ZanesTUle Terminal Interest due Jan. 1.H97. was paid. 

i. 97.300.000 authorised; outstanding Dec., 1496. 
pref. 4 p. e^ cumulaUre. 94.10O.OOO; outstanding. 94.O41, 

-First mortgage bonds were to pay aid ear trusts. 91,110.677 
jc debt, improvements and equtpowmt. f 1*0.000 

7.000 flrste had been avid to Jon* 30, 1896, the balaaoe being 



Onlv 9787.0 

held 7 la Ike treasury pending better market eoadlUons. 

the general mortgage bonds (t 



Of the general mortgage bonds (trustee. Metropolitan Trust Co.) 
total Issue 910.ono.000-92A44.000 to be placed In trust as follow.: 
9rj.000.9OO fi tdsmnU ef prhrr \tn trrn4a.9Hftff.OOT ftrr ml rttatu 
ees. 89.oou for coupon note* and 99MuMOir earnias bond* to 




1896 and 



1999 and 1899at3per cent and there- 
sortgage csaiiuns dne J 



l<W7at2> < per eent, 

after at 4 psr cent. Ctaneml mortgage aiaiiins to* Jaly 1. 181 
Jaaaary 1.1097, wmpnsdn nrsTmortgage atrip In July 18S 
Jane 80. 1999.nl addition to the eeeurl ties given In the table 
lanri ITIH ill irtmaolM aim fsjitli rrl Tin 

AUsr** Ckmrft -The Inters*! oharce of new company will be during 
the nnt and eaeond year. 93O2.39O: during the third and fourth year, 
999/100; daring Aflh and thereafter. 61 0.000.000. at 4 par cent) 



Jaly 1. 1896. and 
1896. On 
above, 



daring 

. Interest ehsrge en 9U 14.w 
renrned^woald add 990.MO annually. 



. at 4 per oent, 
bonds at 4 per eent, 

roTEABXixoeS me*. $!*... ...(mn*. 9974.1 14; net. 995.704 

July 1 to ov. 30. )1990 gross! 47O.1O1 ; net, 14O.698 

Kiroar -Report for 1996-6 was In V. 63. p. 6OO and 838. 

I- -. 

T---.1 '.' 

149,857 

94.781 



'sar 
Oross earnings 

>.-t . ..-:. tm 



. 101.171 
1159^71 

..... ; 



1 <r*-Tbe Jaly 1. 1896. bit 
ltd iBserip. Is Included sbore to 



OrriciWL-Prxsklent etoetod In July. 1996; W. E. Onerin: 8eoret- 
ary. H. I>. Turney; Treasurer, O. C. Hoover. (V. 62, p. 277, 949; V. 63. 

p 11. <K). 7<rj. g.i. 1 117; V. 64. p. 134.) 

rolambn. oaihern Ry.-ConaoUdntod with Oeorgla A 
nma (walca see) In January. 1897. (V. 63, p. 1115.) 

,O_toXenla.O., 
and Is leased for 
totbePltte- 
on stook. 
The 



eolumr,,,. a \,,,i. HM.-OwnsfromOolambns.Oto 
9ft miles. Operated as a division of the Little Miami, and Is 
99 yean from Deeembw. 1869. In connection with that road, t 
org rtnstgaan Chtoaae A 9*. LMBS. which pays 8 per cent 
The lease Is guaranteed br the PennsylTanla Railroad Company. 
Oslambae A Xenia pays H*. per erat dividend per annum. 21. per 
March 10 and Beptembw 10 and 2 per oent June 10 and Dec, 10. 



.,,,r..r.l A 
~ 



In all. 



It It .-Operates from Nashua, N. H., via 
to Oroveton and the White Mountains. 400 
sr Keene. 80 miles, owned jointly, 
Co.). of which 35 m. doable track. 
LBA*B^-On Jan* 29. 199ft. lnl M Boston A Maine for 91 
renn at natal of 7 per oant par annum on nil elassns of stock. (V. 
1. p. ,>/ 

AmrcAL RnroBT. Fiscal year ends Jane 30. Statement, with bal- 
anes sheet of June 30, 1896. was given In V. 63. p. 7OO. The earnings 
1990-99 an not reported, for 1894 95 gross. 92.477,199 ; net, 

.TffiftJPV, ? 1 *M*-JrW,>111.98: ">!. 

. . i.". i 



i ; dividends, 93OO.OOO ; balance, surplus 
at.94.312. In 1899-91 gross, 92.413,907; 



Mt,9l.MKl rSf ,'p. 37, 68." 871 ; V. 63. p. 70O.) 
Concord * Portanaonth RR. Owns Portsmouth, N. H., M 
s If . 40>i miles, and branch 7 miles. Leased to Concord 
for 99 years. Lease, rental. 920,000; 7 per cent on stook. 

fluenoe. 

Leased to B. A O. 
B. AO. 
In par- 
Bond* No*. 1 to IOO may be 
second five year*. Trustee, Ft- 
mmm^t Co. of Penn>lvanla. Stock U 9200,000. 

ronswilrni A P.nmp.lr Rivers RR. Owns White River 
Janetton. VL. to ranada Line. 1 1O m.; leases for 999 years Massawlppl 
Valley. 37m. 

I.sB.-rrom January 1. 1847, leased to the Boxton A 
Lowrtl for 99 years a basis to pay ConneMMOt A Passumpslo stoeh 



nlso sgrsss to eeoept and cancel HO.O 
ent of freight on lntorehange.1 trafflc 
snHrt In Int Bre yitan. balance In s 




5 per eent per annum for ten years and 6 per eent thereafter. 
October. 1887. tne Boston A Lowell, oarryinj; Oils road, was lease 
Boston A Maine. Stock authorised. 93.OOO.OOO; outstand ing, as in ta 



In 

leased to 
in table. 

. Maawlppl stock receives same dividends as stock ol 
lessee, and 94OO.OOO of It [not Included In the amount outstanding] 
Is pledged as part security for" 4s of 1893 [91,900,000 authorized] 
which replaced 91.500.000 of 7s due April 1.1893. (V. 57, p. 1O40.) 

DIVIOBVM since 188O In 1881, 5 per cent; In 1882 and 1883, 6; la 
1884. Ste In 1885 and since at rate of 5 yearly. See rental above. 
Average annual net earnings yean 1890 to 1892. 9219,883. 

OonuaeeUent River RR. Owns from Springfield, Mass., to 
Keene. N. H.. 74 miles (double tracked, 36 miles) ; branches, 6 miles; 
total, 80 miles. 

L>A*B. Leased for 99 yean from Jan. 1. 1893, to the Boston A 
Maine, ""' rental being 9258.000 (equal to 10 per oent per annum 



on present capital stook). payable In semi-annual Instalments Jan. 1 
and July 1 . and In addition thereto interest on 4 per oent bonds and scrip 
and 92.000 for organisation expenses. Lessee pays all taxes, opera*- 
Ing expenses, etc.. bat lessor shall Issue 1U stock or bonds to meet 
the east of permanent Improvements. 

DIVIDBUM 1876 to 1892 Inclusive 8 per eent per annum, and now 
under lease 10 per eent. In January, 1893, paid > per cent extra. 

Boma. In 1893 81.0OO.OOO bonds were sold to pay floating debt; 
total proBt and loss denolt June 30. 1895,9300,463. (V. 61, p. 470.) 



r..iinr. ilnu Id . (I'lilln.!. l|>lil>. >A - 'r .'i, M mtu i .lim.-ti.in 
to Frankford Junction, Pa., 6-75 miles; total mileage Including 2(1, 3d, 

iladelp 



, , 

4tt tracks and sidings, 47 miles. Leased to Philadelphia A Trenton for 
999 years, and with that road operated by Pennsylvania Railroad. 
- taxes and 6 per oent on 91.278.3OO capital utook 
91,277,700 owned by Pennsylvania Railroad. 
5. 91.259. 



Reataipays Interest. I 

Oarrent UabUIUes December 31, 1895, 91.259.572. 

Cornwall A Lebanon. <>wn from Lebanon, Pa., to Conewago, 
22 miles; branches. 3 miles. Dividend*, formerly 4 to 4" per cent 
yearly, were in 1493 6 P.O.: also In : - _ . paid a special dividend 
of 13 p. o,; In 1894. Feb., 8 p. o.; in 1895, Aug.. 2 p. c.; Feb., 1896. 2 
p. c.; Aug.. 2 p. o. In year ending Jane 30. 1896. gross, 9272,960 ; net, 
91 43.B78; Interest, 940.000: taxes, 99,193; dividends (4 p. o.),932,OOO 
balance for year. 962.740. In year 1894-95 gross. 9215,804; net, 
91O7.64O. Car trust 6s (due 10 p. c. annually), in July, '96, 911O.OOO. 

Orsaean * Irvona RR. Owns from Cresson, Pa., to Irvona, Pa., 
27 miles, and branch to Rlchland Mines, 2 miles. Successor to the 
Cresson A Utonrfleld County A Xew York Short Route RR., which wit* 
bought In Interest of Pennsylvania RR. at foreclosure sale early In 
1894. The road is operated br Penn. RR. for net earning*. Stock. 
950O.OOO ; par, 950. All owned by Penna. RR. Karulngs for year 
1890. gross, 951,171; net, 90,735; Interest, taxes, etc., 923,320 ; bal- 
ance, deficit, 917,5"' 



585. 
< nmh. rl.nd A Ohio RR. 

Owns as follows : Southern 



IR.WAe Hap Louinille 4 \atkrille.)- 

Division, Cunilwrland <fe Ohio Junction to 

Oreensbunr, Ky.. 31 miles; Northern IHvUion, Hlielbyrille to Blnom- 
fleld. 27 miles. The Southern Division was leasexl to L. & N. Sept. 19, 
1878, for 25 years, and the 7s of 1898 guaranteed principal and Inter- 
est. The Northern Division was leased July 28. 1879, for 30 years to 
the Louisville Cincinnati A Lexington (now Loulnvlllu * NaHhvllle), the 
net earnings to be applied tolnteresloq bond* and sinking fund. Interest 
on Northern Dtv. bonds was In default In 1893. On Jan. 21, 1896 
John A. Mlddletou was appointed receiver for the Northern Division ; 
the Louisville A Nashville will operate this division for account of tue 
receiver. (V. 62, p. 277.) In year 1894-95 net earnings of Southern 
Division. 914,601, against 915,932 In 1893-94; and of Northern Dlv.. 
gross, were 938.28O, against 929,021 In 1893-94.-(V. 62, p. 277.) 

Cumberland A Pennsylvania HR. Owns from Cumberland 
Md.. 10 Piedmont. Md., and several branches. 57 miles. Owned and oper- 
ated by Consolidation Coal Co., which guarantees by en tenement the 
Hint mortgage. V 62, p. 390. Stock, Il.5OO.OOO; par, 91OO. 

Cumberland Valley RR. Owns from Harrisburg, Pa., to Potomac 
River. Md.. 82 miles (and with leased lines operates to Winchester, a 
otal distance of 116 miles). It leases Cumberland Valley A Martin * 
burg Railroad, 34 miles: DUlsburg A Meehanlosburg Railroad, 9 miles; 
Southern Pennsylvania Railroad, 21 miles; controls Mont Alto Railroad , 
.8 miles, but accounts are kept separate; total operated, 165 mlleo 
South Pennsylvania unfinished road, purchased In 1895. V. 61, p. 152 
STOCK. Authorized, 92.0OO.OOO; outstanding, 91,292,950 common' 
9241,900 flntpref. and 9243,000 second pref.; of this 9975,800 com- 
mon and 9237,200 preferred are owned by Pennsylvania RR. Co. 
DIVIDBICM. In 188O to 1884, 10 per oent yearly; from 1885, to 
in.. 1897, both Inclusive, at rate of 8 per oent yearly. 

EAKHIHOS. 11 months, > 1896 Gross, 9756.OO1 ; net, 9281.133 

Jan. 1 to Nov. 3O. J 1895 Oross, 781,193; net, 259,393 

RIPORT for 1895 was In V. 62, p. 546. Earnings entire line as follows: 

Year. Ornii .( Int.rlr. Dteittentlt. Bal..t\irn 

7 *2W.M7 943,138 (8 p.o.)142,228 903.281 

' Si.H.'li) (8 p.c.) 142,228 58832 

1893 U19.:6 -'O.'.'Jdl 51,984 (8 p.c.) 142,228 8062 

-V. 61, p. 159; V. U2, p. C49. 



INVESTORS' SUPPLEMENT 



LX1V. 



======= 

MI i.^rllM-rs will confer a real favor by clvlnt 


Immediate notice 


of any error discovered In these Table*. 

jjj T irni.-sT m? mviDFUTiH Bonds Prinol 


RAILROADS. 

tt explanation of column headings, Ac., see no te 
on Ont page of tables. 


MOM 

of 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


Rate Per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


pal, When Due. 
Stock* Last 
Dividend. 


Dmliat Terml. Ky. rf Cim /Xp.-M. 850O.OOO, g.CJ 


v H > 


1895 

1:11 IM 

1871 

1SS1 

1S7H 

l-7!l 

1864 
1892 

1875 
1879 
1882 


1,000 

D. 

50 
50 
1,000 
1,000 
1,0(0 
1,000 
25 
500 Ao. 
100 
1,000 

1,000 

1,011(1 
100 

1.IKMI.V,. 

1,000 
50 
1,000 
25 


(t) 

2,403,243 
1,211,250 
2,728,000 
225,000 
51,000 
495,000 
2,687,325 
5OO.OOO 
1,800,000 
1,500,000 
300,000 
400,000 
35,000,000 
5,000,000 
300,000 
26,200,000 
3,067,000 
526,758 
185.OOO 
250,000 
200,000 
400,000 
7,750,400 

1,300,000 


6 g. 

3>ap. an. 
8 per an. 
5 
7 
6 
6A7 
6 per an. 

8 per an. 

6 
4 

7 per an. 
7 
4g. 
7 per an. 
7 

"s" 

4 
3 

4g. 


J. & J. 

A. A O. 
Q.-J. 
J. A J 
J. A D. 
J. A D. 
J A J. 
J. A J. 
J. A J. 
Q.-F. 
F. A A. 
M. A N. 
F. A A. 
Q-Mch. 
M. A 8. 
J. A J. 
Q. J. 
M. A 8. 

J."A"J. 

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

F. A A. 


St.Louis, St. Lou.Tr.Co. 

Cincinnati, 
do 
N.Y.,KesslerACo.,Cin. 
N.Y., Am. Exch.Mat.Bk. 


July 1, 1925 

Oct. 1, 1896 
Jan. 5, '97, 2% 
Jan. 1, 1911 
Deo. 1, i<>< i< 
After 1910 
Jan. 1, 1905 
Jan., '97, 3% 
July 1, 1932 
Nov.20,'96,2% 
Aug. 1, 1905 
May 1, 1899 
Feb. 1, 1912 
Dec. 15,'96,13t 
Sept. 1, 1917 
Jan. 1, 1940 
Jan. 20,'97,1% 
Sept. 1, 1907 


mortow*. mur. p. .VI. end by ( '. H. A D r 
Jlartir2?HMM l*t iuort-, "Ink. fund (notdrawn)c 


142 
32 
32 
37 
100 
117 

"27 
4 
54 


rsaiinn 4 Wmttt M 1st M mir L. M. and C. A X.o 
KUJTJ Ptrrli f r ' f"" till 1898, P.W.AB.... 
o3Sralmort#aiw. wr. A, for 82.OOO.OOO, gold.c' 
aSTySKIIsaPStoek-S p. c. gu. Phlla. A Read. 


N. Y., Bank of America. 
Dover, Oo.'s Office, 
Philadelphia. 
Phila., 240 So. Third St. 
Phila., Guar.T.AS.D.Oo. 
Phila., Of., 240 So.Sd St. 
Phlla., Broad St.8tation 
N.Y.Of.,21 CortlandtSt. 
do do 
do do 
N. Y., 26 Exchange PL 
do do 


\ ttort. on Trenton Br., 2d luort, on main line. 
Mawon* CA<MjM<i*-lst M., guar. p. A 1., our.c 


IsVmorton Pennsylvania Dlv. <$10.0OO,OOO)o*r 
Bluff Point I<and Improve. Co. 1st M.,gold,guar.o 





1877 
1890 


foS^DOW*lstM l onroa<l A equip ($10,000,000)0 


195 


1877 




44 
44 

19 
35 
100 


1860 

1879 
1874 
1876 


Phlla., Broad St.8tatlon 
do do 
do do 
do do 


Jan. 1, 1933 
Feb., 1899 
Jan. 1, 1933 


1,000 


Bus* A Frank. 1st m. to State, red. aft. Jan.'95. 
Worcester RR. 1st. H. (s.f. not in operat'n) gold.o* 


500 Ao. 


/totemire Siftr RR. 4 Bridge- 
lit M., 81,*00,000, gold, guar. p.*l.,Penn.RR.o' 


1896 


1,000 


Philadelphia. Fa. 


Aug. 1, 1936 



Dallai Terminal Ry. .V Union Depots. Organized in 1894 
to f nrni'li terminal facilities to all roads entering Dallas, Texas. 
The entire line will have about 16 miles of track. Construction begun 
In August, 1895, and In January, 1896, five miles were ready for 
operation. Began operating Sept. 25, 1896. A union station is to be 
built. It Is said electric locomotives will be used. The St. Louis Trust 
Oo. is the mortgage trustee. President Is W. G. Connor. 

Dayton & Michigan. (See Map Cincinnati Hamilton <f Dayton.) 
Owns Dayton. O., to Toledo June.. O., 141 miles, and leases Desh- 
ler to Kindlay, 11 miles. Trackage (Lake Shore) into Toledo, m miles. 

LEASE. Leased Hay 1, 1863, in perpetuity to Cincinnati Hamilton A 
Dayton. Rental Is the Interest and sinking fund of debt, and 8 per 
cent on preferred stock and 3>a per cent on common. 

SECURITIES. Guaranty on preferred Is secured by mortgage of 1871, 
but the preferred carries no voting power. V. 56, p. 813. Mortgage of 
1856 Is held alive under mortg. of 188 1, which Is therefore a first lien. 

EARNINGS. Gross earnings in year ending June 30, 1895 (Including 
Troy A Plqua branch, 8 miles), were $1,877,695; net, $666,591; in- 
terest, $136,400; dividends, $180,788; bal.. surplus, $349,403. In 
1 893-94. gross, $1,594,166. Current liabilities July 1, 1894, $952.453. 

Dayton tL Union. Owns from Dodson, O., to Union City, Ind.. 

43 miles: leases Dayton to Dodsdon, 15 miles ; total operated, 47 miles, 
Operated by Cleveland Cincinnati Chicago A St. Louis, which, jointly 
with the Cincinnati Hamilton A Dayton, owns the capital stock. 
Trustee of 1st mortgage (In June, 1896,1 Central Trust A 8. D. Oo. of 
Cincinnati. All turplus earnings over interest goes to a sinking fund 
for tlie redumption of bonds at not above loo. Capital stock, $86,300. 
For year ending June 30, 1895.Kro.ss, $148,703; net, $63,404; charges, 
23.395; balance, surplus, $40,009. In 1893-94, gross, $136,926. 

Dayton * Western. Owns from Dayton, O., to State line, Ind., 
7 rnfles, and leases 4 miles to Richmond, Ind. Leased from January 1, 
1865. for 99 years, renewable forever, to Little Miami, and so operated 
by PlttMli. Ob. Chic. A St. Louis. These companies are virtual owners 
and answerable for all obligations. Of bonds $32,000 are 7s. 

Delaware RR. Owns from Delaware Junction (Phila. Wilm. A Bal- 
timore), Del., to Delmiir (Maryland line), 95 miles; branches, 22 miles, 

Leased till 1897 to the Philadelphia Wilmington A Baltimore, 
which owns $1,364,675 of the stock. Rental, 6 per cent on stock and 
Interest on bonds; any surplus of net earnings, after paying rental, 
divided equally between lessee and lessor. In year ending October 3 1 . 
18P6, gross, 81,296,359; net, $466,209; Interest and taxes, $50,350; 
dividends, $161,240; balance, surplus for year, $254,619. In 1894-95 
ross, $1,259,129; net, $428,447. 

Delaware Ic. Bound Brook. Owns from Bound Brook (Central 
of New Jersey) to Delaware River, 27 miles ; branch to Trenton, etc., 7 
miles. In connection with Central of New Jersey and North Pennsylva- 
nia forms a line between New York and Philadelphia. In May, 1879 the 
property W M leased for 990 years to Philadelphia A Reading, the lessee 
paying interest and 8 per cent on stock. Rental $275,000. 

Delaware it Chesapeake Ry. ROAD. Clayton, Del., to Ox- 
ConLMd., 54 miles. A reorganization in 1878 of the Md. A Del. RR 
The Phlla. Wilm. A Balto. owns all the stock ($600,000, par $25) and 
operates the line, guaranteeing the bonds principal and interest. Earn- 
ings for year ending Oct 31, 1896. gross, $119,363 ; net, $28,774; int. 
and taxes, 820,230-, balance, surplus,.* 8,544. 

Delaware & Hudson Canal Co (See Map.) Owns canal from 
Rondout, N. Y., to Honesdale, Pa., 108 miles (completed In 1828), and 
operates railroad lines extending from Wllkesbarre, Pa., via Albany 
,, Y 'il Ron e ' Point, on Canada line, with branches, 685 miles in 
all. The system Is well shown on the adjoining map, and Includes : 
Lints owned- JfiJet. LinciUatedlfSeethesecos.aHle*. 

U Albany A Susquehanna 142 

KNew York A Canada 150 

11 Eensselaer A Saratoga ... . 192 

UUnion RR 

JeOerson RR. (trackage) 35 

Otherllnes 4 

Ustal operated ^ 

aJssleases Utioa Ollnton A Blnghamton and Rome A Clinton RB., 

44 nsHes, sub-let to New York Ontario A Western. 

HliTOBT, ETC. This company was chartered April 7, 1823. It Ii 
one f the largest miners and carriers of anthracite coal and controls 
A Iron Oo. See V. 54, p. 799. D. A H owns 
1 81,000,000 common Rutland RR. stock. 

'83. '84. '85. '86. '87. '88. '89 to Dec., '96. 

7 o 5 96 7 vi^jirl v 

' fixed at 5 p. o., payable quarterly. (V. 64, p. 82.i 
BoMim. -Adirondack Railroad bonds carry the endorsed guarantee 
& if' *** P rino| P' 1 <">< Interest. See that company. In 18')6 
teed Mte tl f Canada debentures were Issued and guarau- 

SSss^^s^^sss^^ss^^ 1 ^ 

^S^Sf^SS^^^^^i^^ff^S^^ 



Coal (anthracite) carried in 1895, 6,151,147 tons; in 



V. 62, p. 410i Coal (anthracite) carried in 1895, 6,151, 

1894, 5,751,386 ; In 1893, 6,177,659 ; In 1892, 6,225,296. 

Tear ending Dee. 31. 1895. 1894. 1893. 

Receipts from coal. $7,369,379 $7,864,154 $9,939,648 

Railroads . 10,129,082 9,448,993 10,212,412 

Miscellaneous 1,321,157 755,074 520,258 



Laokawanna A Susquehanna.. 22 
Valley Ra of PaTT? 

Gravity RR 56 

Sehenectady A Mechanloville. 10 
5<3herry VaL Sharon A Albany 21 
f Soheneetady A Duauesburg.. 14 



1892. 

$9,629,333 

10,356,443 

452,765 



Total . ... $18,819,618 $18,068,221 $20,672,318 $20,438,541 

Operating expenses. 13,376,733 12,529,548 14,050,131 13,977,757 

Net... . $5,442,885 $5,538,673 $6,622,187 $6,460,784 

Int., taxes A rentals. 3,078,492 3,319,960 3,407,637 3,425,320 

Balance for stock. $2,364,393 $2,218,713 $3,214,550 $3,035,464 
Dividends, 7 per ct. $2,450,000 $2,187,500 $2,100,000 $2.100,000 
(V. 60, p. 218, 389; V. 62, p. 84,228, 410; V. 64, p. 64,82,181.) 

Delaware Lacka wanna & Western. ROAD Operates main 
line from Hoboken, N. J., opposite New York City, to Buffalo, N. Y. 
409 miles, with branches to coal region, etc., 492 miles, including : 



Lilies leased H See each co. Miles 
81 



ITSyracuse Bing. A N. Y 81 

H Utica Chenango A Susq 105 

H Valley RR. of N.Y 12 

TTWarren 18 

Sussex, Ao 50 

Total operated 901 



Lines owned Miles. 

N. J. State line to N.Y. line ....115 
Br'nehesto N'rthumberl'nd,Ao. 80 

Lines leased 

HMorris A Essex and branohes.157 
TIN.Y. Lackawanna A Western. 214 
IT Cayuga & Susquehanna ...... 34 

ifOswegoA Syracuse ........... 35 

HISTORY, ETC. This is one of the most important of the anthracite- 
coal roads. No sub-companies (coal and mining) are controlled, the rail- 
road owning its mines. Original company chartered in 1849 ; present 
title assumed in 1853. Its leased lines are mostly held under long 
leases, and the system is compact. In 1894 representatives of the 
Vanderbilts entered the directory. See V. 57, p. 721. 

DIVIDENDS $1881 '82-'84 '85 '86 to Jan., '97 

Since 1880, p. o. < 6\ 8 yearly 73i 7 yearly. 

GENERAL FINANCES. On Deo. 31, 1895, accounts receivable (cash, 
coal on hand, Ac.), $3,041,259; accounts payable, $7,839,916. 

EARNINGS. The leased lines in New York State for fiscal year ending 
June 30, 1896: Gross, $3,827,848 ; net, $4,710,823; balance, surplus, 
over interest and taxes, $2,295,998, against surplus, $1,886,766 in 
1895 and $1,349,826 in 1894. 

ANNUAL REPORT. Fiscal year ends Deo. 31. Annual meeting is held 
on the Tuesday preceding the last Friday in February. The report for 
1895, with balance sheet, was in CHRONICLE, V. 62, p. 228. The fol- 
lowing includes all lines except Syr. Bingh'ton A N. Y. ana Sussex RR.: 

rear end. Dec. 31. 1895. 1894. 1893. 1892. 

Passenger earn's... $3,486,691 $3,550,504 $3,820,908 $3,655,560 

Coal freight ........ > , 7S7 = 7q S lfi 2R1 Q o 7 S 10,949,533 10,448,277 

18.787.O7B s,:u,WB7 



MdseAmiscel ...... 



9,390,334 9,302,187 



$22,274,270 $21,812,441 $24,167,275 $23,406,024 
Coal receipts, etc... 21,927,639 21,246,421 24,623,698 22,820,259 

Total gross receipts. $44,201,909 $43,058,862 $48,790,973 $46,226,283 
RR. oper. ex. A tax. 13,834,420 14,645,398 16,479,729 15,605,979 
Mining, Ac., expeu. 23,606,589 21,363,797 24,057,843 22,640,441 

Net receipts.... 6,760,900 7,049,667 8,253,401 7,979,863 
Interest and rentals. 5,406,239 5,412,323 5,360,490 5,366,406 



Dividends (7 p.o)... 1,834,000 1,834,000 1,834,000 1,834,000 
Balance after divs..df.$479,339df.$196,656sur.$l,058,911sur.$779,457 
-(V. 62, p. 828, 319, 413, 908; V. 63, p. 268, 879; V. 64, p. 181.) 

Delaware Maryland Se. Va. See SUPPLEMENT of October, 1895 

Delaware River RR. A Bridge Co. Owns a bridge over the 
Delaware River near Philadelphia and about 10 miles of connecting 
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania 
RR., which guarantees the bonds, principal and interest, by endorse- 
ment on each. Sinking fund is one per cent, but bonds cannot be 
called. See description of bonds and guaranty in V. 63, p. 1062. 

INDEX. V. 63, p. 153, 1011, 1062, 1159. 

Delaware Susquehanna A Scnnylklll RR. Owns main line 
from Drifton, Pa., to Gowen, Pa., 31 miles ; branches, 17 miles; total 
owned, 48 miles. Trackage Leuigh Valley RR., etc., 135 miles. 
Opened Feb. 15, 1892. The road Is controlled fcy Coxe Brothers & Co., 
the coal miners. DIVIDENDS Oct. 18, 1892, 40 p. c. In cash ; Nov. 25, 
1893, 20 p. c. in cash and 50 p. o. in stock; Sept. 26, 1894, 2623 p. c. in 
cash. Mortgage trustee is Trust Co. of Nortli America, Philadelphia. 

EARNING*. Fiscal year ends June 30. In year 1895-96 gross, 
$1,218,452; net,$194,002; charges, $41,772; in '94-5 gross, $1,240,106. 

Denlson A Northern Ry. Under construction in July, 1896, 
from Dougherty, Ind. Ter., on the Gulf Col. & Santa Fe. to Colgate, 
Ind. Ter., and Danlson, Tex., 104 miles. In May, 1896, Receiver 
Moran Scott was ordered by the Court to build the road, issuing 
thereon not exceeding $1,144.000 receiver's certificates at $ll,OOOper 
mile. In August, 1896, 25 miles of grading and bridge work had been 



U07.J 



RA1L.UUA1) STOCKS 



BONDS. 



MAI' OF THE 

DELAWARE & HUDSON 
CANAL COMPANY'S 

RAILROAD & CANAL SYSTEM. 




INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



. 

RAILROADS. 


Miles 
of 
BMd. 


== 

Date 
of 

Ulllllll. 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bonds Prinol 
pal, When Dne. 
Stocks Last 
Dividend. 


Mr explanation of column headings, *c., see notes 
on first page of table*. 


Rate Per 

Cent 


When 
Payable 


Where Payable, and by 
Whom. 


Dftarfre 3tua. 1 8. KK. Block (aiith. 91,800,000) 


"48 


1894 
1896 


$50 
1,000 

"i'66 

100 

-.00 Ac. 

;,oo AC. 
500 
1OO 
1OO 
1,000 
1,000 
1,000 
100 

1,000 

l.OOO 
100 

1,000 

JOO Ac. 

100 

i'.ooo 

500 &c. 


$1,5OO,OOO 
60O.OOO 

:!.-,. OIK, 
2,3O8,OOO 
ns.ooo.ooo 
23,650,000 
6,382,500 

2H,tjr>o,IMIO 

8,103,500 
4,283,100 
763,500 
1.2OO.OOO 
1,200,000 
672.OOO 
800.000 
See text. 
2,902,000 
569,000 

2,000,000 
3,200,000 
1,350,000 

2,510,000 
3.183,500 
770,000 
3,912,918 


See text 
i* 

4>4g. 

See text 
7g. 
4g. 
8 g. 

See text. 
4 
2>* 

"fg. 

4- 
5 g. 

6 
6 
4 per an. 

.... 

4 


See text 
A. A O. 

M." "i" N. 
J. A J. 
J. 4 D. 

August. 
J. A J. 
J. A J. 
J. A J. 

j'. & J. 

M. A N. 

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

A. & O'. 


Drifton, Pa. 
Phlladel., Co.'s Office. 
Denlson. 
New York. 


Sept. 26, 1894 
Apr. 1, 1909 

Nov""l," 1918 

Jan.*fo"/971% 
Nov. 1, 19OO 
Jan. 1, 1936 
June 1, 1928 


rvu<mrf .Vor(*. Ky.-Rrc > ver > soert-,$11.0OOp ; m. 
BMSMT Ittmitiltr 4 Gunnison 1st M., cold... *r 


Office, 47 Wm. St.N.Y. 
N. Y. , Fourth Nat. Bank, 
do do 
do do 


1st mortT 1.000 gold or 42O6 sinking fund. .o'*r 
2 SSSol mortgage (for 42.000.000> gold. o'*r 
Kt.rimeiMSTr<5,OcSper mile) gold. .o'*r 


295 
1,621 
1,621 


1871 

1SSU 

1888 


AM Mtlntt 4 fort Dedgt Cemmon stock 






Chicago, C. R. I. <fe Pao. 
N.Y.,Chlo.R.I.&Pao.Co. 
do do 
do do 

N. Y.. Metropoi'n Tr. Co. 
N. Y., Central Trust. 

< N.Y.Ag'cy Bk. Com., ) 
/ Canada A London, s 
N. Y., Farm. L. A Tr. Co. 


Aug. 1, 1896 
Jan. 1, 1905 
June 1, 1905 
June 1, 1908 


IslM Des M. to Ft. D^dge, Series A,lntguar.,eBa 
1st mort.. Series B, Income, Int. guaranteed, end.. 
1st mort. on cxten.. Tara to Ruthven. Int. guar. . 
O MoiHts 4 Kansas C'Uy-Stook, f 10.OOO.OOO. . 
1st M. funding and Imp. ($2,000.000), gold..0'*r 
Dtsstointt Korlktrn f IT-lst M. $5,415,OOO,gold.o 
SZlSSZ r/i<m-l.t M. for $800,000, gold c" 
Dttraii Bat Oily * 4<p.-8ee DETROIT A MACKI 
DtUrvil Ornnd Haven *JfU.-lst equip. M. gu . ..c- 


88 
88 
56 
112 
112 
150 
2.7 
BAC. 
189 
189 
65 

"85 
320 


1874 
1881 

1892 

IK!).-, 
1887 

1878 
1878 

1869 
1897 


Jan. 1, 1932 
Jan. 1, 1015 
Nov. 1, 1917 

Nov. 14, 1918 
Nov. 15. 1918 
Jan. 5/97, i% 


DilroUHUMal'r * 8. ir.-8fk,4 p. o. reufl.U8.iM8. 
Detroit Oraml Rapids 4 Western 
Common stock 
Preferred stock. 5 i-r ivnt 
Ionia A lj>nlng lot inert., oxt. in 1889, guar.c* 
1st consol. mort., fU.OOO.OOO, lawful mi ney...o* 






See text. 


July 1, 1899 
Apr. 1, 1946- 





11. in. r i ....HIM. & u ii nli.oii.-A narrow-gauge road from 
llrnverto Leadvllle, Col.. 151 miles; Comoto Baldwin Mine, 131 miles: 
branches 43 mile*; total. $325 miles. The bonds were deposited to 
secure 42.0SO.OOO Union Pacific 4 >a per cents of 1889, which are rep- 
rewuted by the following committee: Henry Budge, 26 Broad St., 
N Y.; Charles A. Peabody, Jr., and Henry De Coppet. Receiver is 
Frank Trumbiill, appointed in August, 1894. An order of sale was 
applied for In Dec., 1895. but temporarily refused iu Jan., 1896, pend- 
ing settlement of Union Paciflceross-bllls, etc. (V. 62. p. 139.) 

Denver * Hlo Grmnde RK.(S<t Map) ROAD The lines of this 
company, well shown on the adjoining map, reach all the important 
point* In Colorado, while Its standard gauge line from Denver via Pueblo 
westerly. via Leadvllle and Grand Junction, forms a link in the trans- 
continental route to Ogden, Salt Lake City, Ac., Including : 



llilc*. 

Road owned and operated ... 1 ,586 
Rio Or. Jc. RK.. eto. (leased) . 62 
Leated to Rio Grande West. . 18 



Miles. 



Of the preceding: 

Standard gauge 682 

((Of which 296 is 3d rail.) 
Narrow gauge only 984 

Total June 30, 1896 1,666 2d track and sidings 357 

The U. P. Denver & Gulf uses Denver &. Rio G. tracks from Walsen- 
burg to Pueblo, 57 in., at a rental of $85,000 per annum. V. 61,p. 421. 

HIBTORT. Reorganization of a railway company of same name fore- 
closed July 12. 1886. The Rio Grande Junction Is leased jointly by 
this company and the Colorado Midland, and its bonds guaranteed. In 
July. 1895. the Rio Grande & Santa Fe (formerly Santa Fe Southern), 
39 mile* road, waa acquired In Interest of Den. & Rio G. V. 63, p. 403. 

DIVIDENDS since 'SO ) 1891 1892 1893 1894 1895 1896 1897 
on pref., per. cent. i 2 "a O 2 2 Below. 

On preferred In 1897, Jan., 1 percent. 

HONDO. Coupons of the Jirsl mortgage sevens are payable at option ot 
holder either In N. Y. City $35 U. S. gold, In London, 7 4s. 5d. sterling, 
or In Amsterdam 86 florins, all free of U. 8. taxes. Of the .first con- 
inliilairil gold bonds (United States Trust Co., trustee) $6,382,500 were 
reserved to retire the first seeens when due, and they can be issued at 
uch rates of Interest up to 7 p. c. as will retire said bonds. Upon pay- 
ment of the first 7s the flrtt consols will be a first lien on all the prop- 
erty, as they are now on about 1,300 miles of road and all the equip- 
ment. Consols for $6,iKX>,OOO are also reserved for extension to Ogden, 
U deemed advisable. Those unissued may be used with the consent of 
a majority of the preferred stock for extensions at not exceeding 
920,000 per mile. See abstract of mortgage In CHRONICLE, V. 47, p. 228. 

The improvement mortgage (U. S. Trust Co., trustee), Is Issued on the 
property covered by the consolidated mortgage, and so eovers all the 
company's property, following immediately after the consolidated. 
Mortgage abstract In CHRONICLE, V. 47, p. 229. 

GRHRRAL FWASCES. On June 30, 1896, the company held in its 
treasury stocks and bonds valued at $1,729,986. The "special renewal 
fund" held $437,517. Denver & Rio Grande in 1895 advanced Rio 
Grande Southern $169,839 in cash and endorsed $573,498 notes given 
for Rio Grande Southern floating debt, receiving therefor $671,000 Rio 
Grande Southern firsts, one-half of the stock, and all surplus earnings 
over fixed charges, taxes, etc., for three years from Jan. 1, 1895. See 
Rio Granite Southern report for 1895-96 in V. 63, p. 397. 

LATUT KABMIHOS. July 1 to November 30 (5 months): 

6 mot. Oroti earn' as. Net earnings. Interest, etc. Balance. 

1896 $3.201.894 $1,320,591 $981,819 $338,772 

1895 3,489,866 1,555,671 984,242 57l|429 

AmDAL RRPORT. Annual meeting U held at Denver the third Tues- 
day In October. Full report for 1895-96 In V. 63, p. 397, 403. See also 
editorial, p. 384. Construction account was closed In September, 1891, 
since when all Improvements have been charged against income. 
Tear ending June 30 1896. 1895. 

Average miles operated 1.663 l.i;:,7 

Gross earnings $7,851,187 $6,916,840 

Hot earnings 3,202,406 2,925,028 

Other income 57,334 14,600 



Den M ..! in - & Kaiiaas City Ky. Des Moines. la., to Van Wert, 
72 miles, standard gauge; Van Wert to Calnsvllle, Mo., 40 miles, 3 ft. 
gauge. (V. 63, p. 879.) Entire stock and bonds purchased in December, 
1895, by the Keokuk & Western. V. 62, p. 680. Under the mortgage 
for $2,000,000 (Massachusetts Safe Deposit Co., trustee), $480,000 
bonds were pledged as collateral for notes given for new equipment, 
repairs, etc. the authorized issue is $8,000 per mile on narrow gauge. 
$16,OOO per mile on broad gauge road. On June 30, 1895, loans and! 
bills payable, $98,452. In 1894-95 gross, $88,614; net, $9,153. 

LATEST EARNINGS 10 mos., ( 1896.... gross, $96,643; net, $26,176 

Jan. 1 to Oct. 31. <1895 gross, 80,410; net, 20,941 

(V. 61, p. 1064; V.62, p. 680; V. 63, p. 879.) 

I >. s laolnes Northern & Wentern RR. Owns from Des Moines 
to Fonda, Iowa, 115 miles, and from Cllve (7 miles from Des Moines) 
toBoone, 35 miles; total, 150 miles all standard. In August, 1894, a 
controlling interest was acquired by Chicago Mil. & St. Paul, which 
will operate the road separately. V. 59, p. 228. Successor of Railway 
sold fii foreclosure Dec. 18, 1894. Capital stock is $4,372,500; par 
$100. Theflrst mortgage trustee. Metropolitan Tr. Co.. N. Y. 

EARNINOS llmos., ( 1896 gross, $409,593; net, $126,469. 

Jan. 1 to Nov. 30. < 1895 gross, 344,492; net, 118,815. 

In year ended June 30, 1896, gross $444,033, net, $161,219. In 
1894-95, gross, $334,234; net. $101,375; other income, $201; charges, 
$126,610. Balance, deficit, $25,034. President, F. M. Hubbell, Des 
Moines, la. (V. 59, p. 738, 879, 968, 1103.) 

I Dei Moines Union. A terminal road, 5 miles In length, In Des 
[ Moines. Leased to Wabash RR., Chicago Great Western and Des Moines 
N. & W. Rental equal to expenses and fixed charges paid monthly by 
lessees on wheelage basis. Stock authorized, $2,000,000 ; outstanding, 
$400,000 par $1OO. Loans and bills payable June 30, 1896, $22,712. 
Earnings for year ending June 30, 1895, were, gross, $121,061; net, 
$29,959. In 1893-94, net $32,284. 

Detroit Bay City & Alpena. See DETROIT & MACKISAC. 

Detroit Grand Haven & Milwaukee. Owns from Detroit, 
Mich., to Grand Haven, Mich., 189 miles. A reorganization of Septem- 
ber, 1878. The bonds are guaranteed by the Grand Trunk of Canada. 
Stock. $1,500.000; par, $50. Real estate mortgages, $226,000. Loans 
and bills payable Deo 31, 1894, $100,000. 

EARNINGS. 11 mouths,? 1896 Gross, $875,213 ; net, $99,167. 

Jan. 1 to Nov. 30. $1895 Gross, 926,757; net,108,093. 

For year ending Dec. 31, 1895, gross earnings were $1,001,091 ; net. 
$101,648; deficit under interest, etc., $264,285 advanced by Grand 
Trunk Ry. In 1894 gross, $1,012,584; net, $150,942. 

Detroit . i :i ml Rapids & Western It It. A reorganization 
January 1, 1897, of the Detroit Lansing &1Northern and allied lines, 
foreclosed per plan given in V. 62, p. 319. Extends from Detroit 
westerly to Grand Rapids, northerly to Big Rapids, etc., including : 

Miles. 



1894. 
1,654 

$6,476,044 

2,503,493 

10,300 



Total net Income ............... $3,259,740 $2,940.228 

Interact on bond* ............... $1,997,950 $1,997,950 

Taxes and Insurance ........... 352,786 342,256 

Kew equipment. ................ 143,568) _' 

Miscellaneous ................... 74,046 ( 71,332 

Dividend on preferred stock.. . . 473,000 NIL 

Balance, surplus ............... $218,390 $528,690 



$2,513,793 

$1,993,873 

347,227 



sri.ono 



#-i7,r,t;:) 



OrriCBR-Presldent and Gen. Man., E. T. Jeffery: Treas., J. W. Gll- 
!r. : . Sec.- "n> Wsgner; Comptroller. Stephen Little. Olttce, 47 
UUarn Street, New York. (V. 63, p. 225, 384, 397, 4O3, 754, 838, 

J L M I I i 

Des Itlnlnrs* Fort Dodge. Owns Des Moines to Fort Dodge, la.. 
88 m.. and Tara to Ruthven. 55 miles ; trackage, Illinois Central, Tara 

-'-'ve. Leased Jan. 1, 1887, to Chic 



ntaeof4 



Trackage. 
Detroit to West Detroit 

(Mich. Cen.) 3 

Laiising to No. Lansing (Jack. 

L &S.) 1 

Other lines 10 



Road Owned. Miles. 

W. Det. to Howard Clty,Mlch.l57 

J uno. i o Big Rapids, etc 63 

Belding Branch >.. 1 

Alma to Howard City 43 

Or. Rapids to Gr. Ledge, etc. 55 

Ithaca to Palua 36 

Total operated 369> 

BONDS. -The first consolidated mortgage is for $6,000,000; bonds are- 
reserved to retire, by exchange or otherwise, the underlying Ionia & 
Lansing first 5s, $770,000. and $1,317 ,082 for Detroit terminals and 
other property, If deemed desirable. Mortgage trustee is old Colony 
Trust Co., Boston. 

The holders of old securities deposited will receive on or about Feb. 
15,1897: 

. Will receive . 

Holders of reorg. cert if. New 4s. Pref. stock. Com. stock* 



Detroit Lansing A Northern 7s $750 

Grand Rapids Lansing & Detroit 5s. . 750 

Saginaw & Western 6s 750 

Sagiuaw Valley & St. Louio 8s 750 

Saginaw & Grand Rapids 8% stock.. 750 

Coupons due In 1893* t par 

Ionia ife Lansing coupons! par 

Preferred stock 



$737-50 
529-17 
487-50 
470-83 
470-83 



par 

* Purchased and still unpaid. t With Interest at 5 per cent to- April 
1 , 1896, also to be paid in bonds 

KIXKD CHARGES AND EARNINGS. The immediate fixed charges will 
be : 4 per cent on $3,912,918 general mortgage bonds, $156,517 ; 5 per 
cent on $770,000 Ionia & Lansing 5s, $38,500; Detroit Terminal 



. charges, $48.000; total, $243,017. The net earnings applicable to 

(ercentof gross earns., with above i-harges for three years past have been : In 1895, $272,743; in 
the first mortgage and extension 1891, $221,h90; In 1893, $313,778. 



Jim; ART, 187.1 



RAILROAD STOCKS AND BONDS. 



\ 

MAP OF THE 

DENVER & RIO GRANDE 
RAILROAD 




. o 



INVESTORS' SUPPLEMENT. 



[VOL. 1XIV. 



,...,., a ,,,.,. ....- b, B lvl.. U ....,,,.-,11.,..- ..,- .,!,,> rrrnr ,ll-.,v,.r,.d I,, ,1,,,, Table,. 

_^ ^ ^~ ^~ rt ^-r,TTXT^VTT-\0 !,F>OHO ] 



RAILROADS. 



or explanation of oolnron beadtngs, Ac., see notes 
on nrnt page of tables. 



DtlroU 4 Uatktnaf-Sloe* $3.000.000 -; 

"first Hen" lM>nd1.500,000 gold o' 

" Mori bonds " $2.5o6.0o6 gold, red. atnar. ...c' 
L 4 6 pro., rente! 9TO yean 
1st 



all 1895 
all 1895 



joV."a^*%u^tVl.t if .^a- F. to 8 . ftty - . 
CtorADak ^Oeda, L R., L A_CWc.l.tmortS oAr 

,'$5.66b,oooo- 



GRAKD RAPID B AWE STERNE 

tflOO 

1.00(1 

1,000 

100 
1,000 
100 

1,000 

-.01) A-.-. 



. CUrmUVjt rHMWMiW wv m.m t ^vn" r -- 

Ife/u/A JfiwoAc i .Vort**nt-lst mort.. gold, s. f ... 
nl tnortCttsCQ* 83 ftOO 000 (fold .......... 

General 2d mortgage ($3,50O,OOO) gold, link. fd. 

Dent trusts June 30, 1895 

,,. Kmr * .Vo.-lst M.. $2,250.000, g..o' 

_ w *o/i /WlA*wvntlla <'*r 



Ar 



TKuVttSnttttoVeV AUan, lt mort.. gold.. o*r 

Pint eonsol. mort., gold. Interest guar . . . .c"*r 

Inc. carts. ($3.000,000 held by C. Pao. Jan., '94) 

Car trust*. Dec. S 



M,:. - 

of 
Road. Bonds 



Date 
of 



6 1881 
600 ' .... 
218 ! 1895 
184 i 1869 
197 i 1888 
173 1887 

IS'IO 



1893 
1894 

1895 
25 1888 
156 1885 

366 , 1887 
572 1890 

1W.I2 



100 
20 



1896 
1891 



Size, or 

Par 
Value. 



I.IMIOA-.- 

1,000 

i',000 



1,000 
1,OOO 
1,000 
1,000 
1,000 



100 

100 

1,000 

1,000 



Amount 



R. 

$2,000,000 

9OO.OOO 

1,250,000 

140,000 

35.000 

See text. 

:., I'.!.-..'"'!! 

See text 

3.930.OOO 

6,332,000 

4,500,000 

1,174,000 

2.326.OOO 

1,900,000 

264,608 

728,000 

500,000 

1,077,000 

4.000,000 

14,923,000 : 

3,000,000 



. 

1,000,000 
1,000,000 
1,5OO,OOO 
1,180,000 



INI 


IM'.KST 


OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 


K.ltc ]'! 

Cent 


When 
Payable 


Where Payable, and by 
^vhom. 


Slocks Last 
Dividend. 










||; 


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


N. Y.. J. P. Morgan A Co. 
do do 
N Y 143 Liberty St. 


June 1, 1995 
June 1, 1995 




J & J 






See text. 

r 

i 

11: 

4g. 


F.'A'A. 

A. A 0. 
J. AD. 
A. A O. 
J. A J. 
J. A J. 
J. A J. 
J. A J. 


N.Y., Office, 214 B'way. 
do do 
do do 
do do 
N. Y., Office, Mills Bldg. 
do do 
N. Y., Central Trust Co. 
do do 
do do 
N. Y. , Post, Martin A Co. 


J'ue,'96,3p.o. 
Aug. 1, 1951 
Oct. 1, 1917 
Deo. 1, 1935 
Oct. 1, 1937 
Jan. 1, 191 
Jan. 1, 1922 
Jan. 1, 1923 
Jan. 1, 1924 


ig 
!* 


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


N. Y., Chemical N. Bk. 
N. Y., Central Trust Co. 
N. Y., Third Nat. Bank, 
do do 
New York or London. 
New York. 


Jan. i", 1924 
Jan. 1, 1928 
Apr. 1, 1925 
Jan. 1, 1937 
Aug. 1, 1990 
Dec. 31, 1912 
1903 & 1905 


















4g. 
6g. 


J. A J. 
J. A J. 


N, Y., Third Sfat. Bank. 
July, '95, coup, last pd 


July 1, 1996 
Jan., 1921 



Itulitnee. 
def.$76,597 
def. 74.867 

1892. 

$1,265,572 
'234306 341,502 
328,036 314,909 
def. 93,730 sur. 26,593 
def. 13,559 def. 16,907 



LATEST EARXTNOS OF OLD COMPAHT. From January 1 to November 
30 111 months). 

1 1 month* Grofi earn'gi. Net earn'gi. Interett, <te. 
UM '..$^070389' $142.30$ $218,90i 

1898." l!o58,961 234,085 308,952 

AKXCAL REPORT. Earnings of the old company were 
1895. 1894. 1893. 

$1,149,055 $1,098,723 $1,205,093 
>.~Ataxes. 254,303 200,169 
Interest paid... 362.130 IT 366,280 

Balance ...def.lO7,827 def.106,111 
STVTA St. L. RR def.24.632 def .20.959 

IJTncludes $16.322 for Detroit terminals; in previous years Included 
In operating expenses.-^. 63, p. 458, 794, 880, 1062.) 

Detroit llllUilnlt- & Southwestern. Owns from YpsilanU, 
Mich to Bankers, Mich., 65 miles. Leased in perpetuity from July 1, 
1881 to the Lake Shore A Michigan Southern Co.; the rental Is $54,000 
per year i per cent. Gross earnings in 1894, $40.259. 

Detroit Lanalne & Northern RR. SEE DETROIT GRAND 
RAPIDS A WESTERN RR. above. 

Detroit & .Mm-k Inn.- Ry. Owns from Bay City, Mich., to Alpena, 
131mlles; Loon Lake Branch, 32 miles; Mud Lake Branch, 38 miles; 
other branches, 71 miles; Alpena & Northern, 60 miles into timber limits 
(which forms part of the extension to Mackinac) ; total, 332 miles. 
Fxtenslon from Omer south to Bay City, 32 miles, was completed in 
August, 1896. Much of the branch line mileage is temporary, built 
only to bring out lumber. Bee V. 61, p. 558. 

HlBTORr,ETC. Formed in December, 1894, to succeed the Detroit 
Bay City A Alpena, sold In foreclosure. " Mortgage bonds " for $500,- 
OOO are reserved for betterments, etc., at not over $50,000 per year. 
The stock and $750,000 " mortgage bonds " are to be held for a time 
in trust, and If deemed best may be converted into preferred stock. 
Full data in V. 60, p. 130. 

8TOCK.-The capital stock Is $3,000,000, of which $1,000,000 is pre- 
ferred, to be Issued only for conversion of bonds as above. 

LATEST EARNINGS. 11 mos. > 1896. ..gross, $376.853; net, $117,468 
Jan. 1 to Nov. 30. s 1895... gross, 336,346; net, 127,631 

EARNINGS. For year 1895, gross, $363,212 ; net, $137,736. In 1894 
gross, $232.640 ; net, $98.610. 

OFFICERS. President (elected Deo. '96), J. D. Hawks of Detroit. V. 
6O.p. 43, 130,711; V. 61, p. 281, 470, 558; V. 63, p. 1,009. 

Dover & Rockaway. 'See Map Central RR. of N. J.) Owns 
Port Oram to Rookaway, N. J., 5 miles. Leased to Central of N. J. In 
April, 1881, for 999 years at 6 per cent on stock and bonds, taxes, etc. 

Dnbnque Jc Sioux City n\l.(Her. Slap of Illinois Central) 
Owns Dunuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux 
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa, 
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line, 
76 mile* ; total owned, 6OO miles. 

LEASE, ETC. Controlled since April, 1887, by the Illinois Central 
RR. Company, which owns practically all of the capi- 
tal stock, and which Jan. 1, 1895, renewed Its lease of tho road until 
Aug. 1, 1951. This lease Is subject to the Dubuque & Sioux City mort- 
gage securing the Illinois Central bonds. See terms of lease V. 61, p. 560. 
The Cedar Falls A Minnesota In July, 1890, after foreclosure sale, was 
absorbed by consolidation. The D. A 8. C. capital stock prior to the 
consolidation was $7,999,600. (V. 63, p. 29, 402.) 

BONDS. The Illinois Central RR. Company In 1895 Issued $3,550,000 
of Illinois Central (Western Lines) 4 per cents, secured by a first mort- 
gage of the Dubuque A Hloux City RK. Co. upon the mail from Dubuque 
to Iowa Falls, 142 miles, and In July. 1896, $1,875,OOO more was 
iMuatili- on the former Odar Falls & Minnesota from Cedar Falls to 
Minnesota State Hue, 70 miles. The Illinois Central owns all the Chero- 
kee A Dakota and Cedar Rapids A Chicago 5s; due In 1935, which are 
pledged a* part security for Its 4 per cents of 1952. Iowa Falls A Sioux 
City mortgage U for $2,800,000, of which $460,500 July 1, 1893, held 
In the Dnbuqne A Sioux City treasury. 

DIVIDENDS In 1888, of 1 percent; In 1891, 2; In 1892. about 1 B of 
1 P.O.; In '93.114 P.O.; in '94, 2>s P.O.; in '95, Dec., 1 P.O.; in 1896, June, 3 
P.O. 

EARNINGS. In year ending June 30, 1895, gross, 182,055,963; net, 
$603.247. In 18:i-94.grosB, *2, 538,023; net, $870,329. In 1892-93, 
gross, $2,548,768; net, $732,914. (V. 60. p. 794; V. 63, p. 29, 402.) 

lini u n> A Iron Ranee. Owns Duluth to Ely, Minn., 116 miles, 
with branches to Mesaba Range Mines, Fayal, etc.. 57 miles. Also owns 
ore docks, shops and yards on Lake Superior costing over $1,500,000. 

STOCK. ETC. Stock authorized, $3,000,000 ; outstanding. $500,000 
par $100. Land grant from Minnesota about 506,000 acres, of which 

208,OOO acres had I n i:itnted to It prior to April 30, 1895. See 

V. M. p. 875. The Minn. Iron Co. Oct., 1896, owned the stock and 
$4.r>oo.ooo second iiiiirtKiiiti- IK, nils. The first mort. bonds are au- 
thorized at the rt of $25,OOO |HT iniln for construction and $7,OOO for 
equipment, the Mntropolltan Trust Company of New York I>elng trustee. 

The 2d mortgage was authorised In 1896 for $5,000,000, of which 
$3,500,000 retired the 6 per cent income certificates and $1,000,00( 



were Issued for improvements; the bonds are subject to call at 105, to 
be drawn by lot; trustee. Central Trust Co. 

LATEST EARNINGS. 11 mos. ) 1896 Gross, $1,983,686; net, $904,403 
Jan. 1 to Nov. 30. < 1895. Gross, 2,155,613; net. 1.219.656 

Balance, surplus over charges, $366,687 in 1896; $941, 183 in 1895. 

EARNINGS. In year 1895 gross, $2,188,372 ; net, $1.202,897 ; other 
ncome, $17,083; interest, *290,202; rentals, $1,890; improvements, 
$8.239; balance, surplus, $919.649. In 1894, gross, $1,516,837; net, 
$799,588. President, J. L. Greatsinger, Duluth. -(V. 63, p. 228.) 

Duluth ITIlBsabe & Northern. Owns from Duluth to Mountain 
Iron, Minn., 77 miles; branches, 53 miles; trackage to Union Depot, 
Duluth, 2 miles; total, 132 miles. In September, 1893, control of this 
road was obtained by the Lake Superior Consolidated Iron Mines, with 
a capital of $30,000,000. Stock of D. M. A N. (authorized $5,000,000) 
ssued $2,512,500; par $100. On June 30, 1896, funded debt, including 
equipment obligations, was $5,564,277. EARNINGS. For year ending 
June 30, 1896, gross, $1,791,980; net, $1,210,635; other income, $16,- 
525; total deductions from income, $1,320,621; balance, defict, 
$93,461. In 1894-95, gross, $1,378,268; net, $802,247; in- 
terest, taxes, etc., $696,480; balance, surplus, $105,767; sink- 
ing fund charges, $163,922. In 1893-94. gross, $743,805; net. $310,- 
344. Total tonnage in 1894-95 was 1,805,255 tons, of which 1,704,- 
679 was ore. Ton mile rate 0-996 cent. 

Dulntl, MiMiHMl|>pl River & Northern RR. Operates from 
Mississippi Lauding, Miun., via Swan River, on the Duluth & Winnipeg, 
to Hibbing on the Duluth Missabe A Northern, 36^ miles. Over the 
latter road it has connection with all points on Missabe and Vennilliou 
iron ranges, and over Duluth & Winnipeg with Duluth. Capital stock 
authorized is $25,000 (par $1OO); outstanding $4,800. The 1st mort- 
gage is for $2,250,000 to the Central Trust Co. of New York as trustee. 

EARNINGS. For year ending June 30. 1896, gross, $145.327; net, 
$52.842. int. on bonds, $33,250; bal., surplus, $19,592. President, A. 
W. Wright, Alma, Mich. V. 61, p. 281. 

Duluth Red Wing & Southern. Projected from Duluth via 
Red Wing, Minn., and Sioux City, Iowa, to a point opposite Omaha. 
Neb. In operation from Red Wing, southerly to Zumbrota, 25 miles; 
branches, 3 miles. Stock, $375,000, of which $125,000 pref ; par, $100. 
Trustee of mortgage is Central Trust Company. In year ending June 
30, 1896, gross, $79,461; net, $25,980; charges. $20,016; balance, 
surplus, $5.964. In 1894-95, gross, $76,622; net, $25,139. President, 
T. B. Sheldon. (V. 56. p. 403.) 

Dnluth South Shore & Atlantic. Operates Duluth to Sault 
8te. Marie, 409 miles ; "Soo" Junction to St. Ignace, 43 m.; other, 12O 
m.; trackage. 10; total, 582 miles. Connects with Canadian Pacific. 

ORGANIZATION, Ac. In July, 1888, a controlling interest In this 
company's stock was sold to Canadian Pacific parties. The Marquette 
Houghton A Ontonagon was sold in 1890, except its franchise, to the 
Duluth South Shore A Atlantic, which assumed its debt. 

CAPITAL STOCK. Common stock is $12,000,000 ; preferred, $10,000,- 
OOO: par both $100. Preferred stock is 6 per cent, non-cum. Canadian 
Pacific Jan. 1, 1895, owned $6,100,000 com. and $5,100,000 pref. stock. 

BONDS, Ac. Abstractors* mortgage, V. 45, p. 274. 

The first consolidated mortgage of 1890 has interest at 4 per cent, 
guaranteed by Canadian Pacific, which Jan. 1, 1896, held the entire 
outstanding issue [$14,923,000] in its treasury as security for its 4 p. c. 
debenture stock ; consols for $5,077,000 are reserved for prior bonds 
and additional amounts may.be issued at $20,000 per mile of new lines, 

GENERAL FINANCES.- On Deo. 31, 1895, loans and bills payable were 
$2,980,764. Earnings from Jan. 1 to June 30, 1896, six months, 
were : Gross $1,019,883, against $899,143 in 1895. 

LATEST EARNINGS. 9 mos. ) 1896. .gross. $1,544,015; net, $582,174 
Jan. 1 to Sept. 30. J 1895. .gross, 1,327,400; net, 485,146 

EARNINGS. For year ending Dec. 31, 1895, gross, $1,811,823; net 
$654,718; other income, $55,076; interest on bonds, $866,385; 
rentals, etc., $26,736; balance, deficit, $183,327. In 1894 gross, 
$1,670,987. In 1893, gross, $2,072.848. 

linlinli Superior & Western Ry. Road completed in 1892 
from New Doluth to Deer River, Minnesota, 100 miles. Superior Belt 
A Terminal Ry. also owns 12 miles. A reorganization, per plan in 
V. 63, p. 189, of the Duluth & Winnipeg sold in foreclosure July 25, 
1896. The new company wok possession Deo., 1 1896. New common 
stock authorized, $1,500,000; preferred stock, 5 per cent non-cumula- 
tive. $1,500,000; par of shares $100. Common stock for $500,000 and 
preferred for $500,000 to be issued only "for additional considerations 
as authorized by law." The Canadian Pacific through the medium of 
the Duluth South Shore & Atlantic is understood to control the prop- 
erty. New 1st M. is for $2,OOO,OOO ($500,000 in treasury) and $20,000 
per mile additional for extensions; interest accrues from July 1, 1896 
President, W. F. Fitch, Marquette, Mich.; Secretary, Benj. Whitfley 
44 Wall Street, New York. 

EARNINGS. In the fiscal year ending June 30, 1895, gross, $133,- 
258; net, $31,418. Charges, $112,393. Balance, deficit, $80,975. In 
1893-94, gross, $163,000; net, $54,035. (V. 63, p. 504, 601, 1063; V. 
64, p. 133.) 

Dnlnth Transfer Ry. Mileageof roadinJune,'94, was 20 in. The 
mortgage for $2,000,000 is to the Metropolitan Trust Co. of New York, 



JANUARY, 1*7.] 



RAILROAD STOCKS AND BONDS. 



x.ii,.. rii..-r trill confer a great favor by giving Immediate notice of any error discovered In these Tables. 



Bonds-Princi- 
pal, When Due. 
Sloekt Last 
Divldeud. 



KAILROAP8. 1 Mile. Date 

Por explanation of column beading*. Ac., ee note* of of 

un ant pace of table*. Road. Bond* 



Size, or 
Par 

V ,: :,. 



Amount 
Outstanding 



DunJc. At. Vol. 4 PUM -W. A Venango 1st M.. g.e 35 

" 

M.1.0 56 
auth . . 

" Ooii^Vst mortgage ..... r 
Btoefc8p.ega.999yrs.PhU.AK. 36 .... 
i>.ALbvrTilLARead.(end.).c- -36 1888 

JCaK K. * 4 Cmrndtlii *. -Stock 

c 

-1st mortgage, gold f 

raided wDppn scrip (laf cStsoL wrtages> 




I mortgage, gold c' 

L st and ednaoL mortgages) 
A. at 105 A Int. any M.AS 



3d M. (9300,000). g., red. at 105 A Int. _, - 

fa* TrxH. 4 Wtttern -V. Car. Pint mortgage 

Mat* res* fit-Stock 81.500,000 

ck (81.779.500 1s pref.) 

10 

94 

0.000) gold o- 187 1891 
i anmaraAJUt A um >. 



Jalitt* *aWr?^lst g Su81 

l&JOVlt frflT 4 Ate JOJHQM 

OsrttVnU 4 .VortLm-lst pref. M.. gold, .e" 
let mortgage, cold. guar. by Lehlgh Valley .... c' 

M..guar. (see text) 

ln*BayA8o.-latM.,g.e 
k. ootu.. 5 p. e. ren'LN.C. 
ek. 7 n. e. rental. 999 yn.. No. Cent. 
vnrUble into common stock at pai.r 



I---- 
l-.,,, 
1894 
1899 

1-71 



l jo 

l M i 



, 

i bonds. 999 years to run e' 

mrit * fVO. -Stock. 7 p. c. rentaL999 yrs-PennCo 
ConsoL rnort. (for OOO,OOO> free of Stale tax . c 

Equipment bonds c 

L.4.5OO.OOOserles A. gold.cuar. 



34 

75 > 
75 > 
75>* 

"85 
81 
81 
81 



1884 
1884 
1886 
1884 



1-.:- 
1870 
U , 



*1,000 

1,000 

IJOOO 

1,000 

100 

i'.boo 

50 

!. ..... 

100 

1, ..... 

l.OOO 
Text. 
1.000 

"Too 

100 
100 
100 

1,000 
1,000 

1,000 

i',obo 

50 
50 



. 

MM 

50 

1.IHNI 

: ,H> 
1,000 



Bate Per When Where Payable, and by 
Cent. Payable Whom. 



-1..M M1.IMMI 



1,000.000 
6OO.OOO 
-90.100 
I5O.OOO 
500.000 

1,730,450 
499,000 
130.000 
200,000 

1,000.000 
166,480 
277AM 
250,000 

1,500,000 



7* 



See text 
6 

4 
6 
4 g. 

"7" 
5'. 



. 

738,750 
3.OOO.OOO 
6,633,000 

750.000 
1.250,000 
300,000 
MMMKM 
500,000 
5OO.OOO 
963,000 
S70.000 
1.998,400 
2,109,000 
511.000 
775400 



INTEREST OR DIVIDENDS. 



J. A D. 
A. A O. 
J. .V D. 
A. * O. 

M! "AX. 
J. A J. 
J. A J. 
M. A 8. 



r. A A. 

Text. 
M. A 8. 

M. .V X. 



3 per an. 



6g. 



5. 
5 per an. 



7 per an. 
7 
7 
4 g. 



Jan., '85. Infst last pd. 
Phil., Phil. A Read. RR. 
do do 



See text. 
Puila. Gu. T. A S. D. Co. 



N. Y., N. Y. Cent. A Hud. 
do do 

do do 

do do 

In 1S95-6 paid 2>s p. c. 



PitUburg.Off. Penn. Co. 
In default. 



Boston.Off. 5* Oliver St Deo. 15.'96. 1 
Boston, by Treasurer. Oct. 5, 1896 
N.Y..J. P. Morgan AOo. May 1, 1941 



Phlla., Lehlgh Val. RR. 

do do 

do do 

N. Y.. Nat. Bank Com. 

Phlla.. Broad St. Sta. 

do do 

do do 

do do 

N. Y., Union Trust Co. 

do do 

do do 

do do 



June 1, 1900 
Oct. 1, 190O 
June 1, isioo 
Oct. 1, 19OO 



Nov., 1928 
July 1, 1903 
Jan., '97, 3% 
Moh. 1, 1958 



Oct. 1, 1897 
Aug. 1, 1915 



Moh. 1, 19O3 
Nov. 1, 1905 



Apr. 

Apr. 

July 

July 

Nov 

Jan., ' 

Jan. 

ivt. 

DM- 

July 

oct! 

July 



1, 1914 
1, 1914 
1, 19O 
1, 1924 
. ls;n; 
97.8%% 
1, 1910 



94,1%% 

1, 1898 
1. I'.HK) 
1. 194O 



as trustee. Interest doe January 1. 1896. was not paid. J. 
Bowles was appointed rewlver In Bept*niber. 1896. Decree for fore- 

1, 1896, I] 



John Eliot 

i appointed receiver In September. 1896. Dew 

closure was obtained December 21. 1896, but no dale of sale fixed and 
o plan prepared In Jan.. 1897; upset price 8AOO.UOO. 

BotfDHoLDKas' CoMHtmtB. Tboma* 8. KrnU. Thomas U. Hill. 
boose. William W. Cook of New York, a Uppltt of Norwich. Conn., 
and John Poster of Providence. Tbe committee U empowered to aet 
far over 90 per cent of the bunds 

BTOCB authorized and outstanding. 92.000.000-. par 9100. The Dnlnth 
* Superior Belt wa* nrraaised to extend tbe system to Superior. 
WU.-V. 62. p. 232. 277. 589; V. 63. p. 5O. 1159. 

DulHth * Wlnnlsirc. -Bee I u ni Bfrcnion A WMTBBII 

Dunkirk t llrghc-iir Valley * rillsbnrg. Owns from Dun- 
kirk. N lie. Pa.. 91 miles. A consolidation In 1873 
of tbe Dunkirk Warren A I'lttsburg and tbe Warren A Vi 
nngo companies Ltaead for 4OO yean from 1878 to New 



York Central A Hudson 



9 yean 

. , . . 



aeeonnts are kept separate. 



rest on bond* and 1 > per cent on stock. Capital, #1 ,3OU.- 
OOO-. par. 9100. Tbe N. Y. Central A Hudson RlverCo. owns 91.O67.tiOO 
of tbe stock. In year 1998 96 noes. 9318.1OO;deaen under operatlngex- 
penee* and taxes. 4S.O64. In 1804-95 gross. 938X382; oeSoft, 90.237. 
In 1893-94 gross. 9343^87; danett. 91 14.908. 

A Northern By. Bond from Henderson to Durham. 
Chartered In 1887 and form* part of the Seaboard 
Dividend* to year 1893-93 amounted to 2 p. e.. In 

1990. gross. 970.384: net. 

riaena*. (3% n. e.), 97.252; 
_ 1894-90 gros*. 1106.478; net, 
net. 89.337. 

(Pa.V- Own* from Mount 
Shade Gap. 11 miles. 

A coal road opened 

of which 8347.1891* 8 



.-allies. 
.*" systom. 
1899-99 to 3%*.*. 



816.386; Interest 
balance, dedeit 

-!'.. -7 I:. 



r MM : :.n.- J ..... " 

t and taxes. 1O.579; dl 

(or year. : . 

4M. gross. 9t*jK\. net. 




fear ending June SO. 1896. gross. 976^37; net. 912.834; 
r*. Interest, etc.. rt4.497; bal.. deactt. 11.U44. In 
9<M.74&; net. 911.749. In 189X-94. gross. 982.088; net. 



Allentown. Pa. 
tola* 



double track from Reading. Pa., to 
99 yean from May 1, 1809, 
RR. at a rental of 6 per eentjp'r annum 



e* tb stock and Interest on the bonds. Of the stock 9877,750 wa* de- 
sesee under It* eoUaural trust of 1998. 



posited by the lessee i 



ad.ln B y -Road from Bast 



ail it. Louis A < 

to raiting Springs and East CarondeleC 12 miles. 
9500.000. of whlek Poan. Co.. own* 8310.1OO. 



St. I-.uli 

9k* k , :. i. 




__. 
; belsnee, surplus. 



I-.-,, m.. ... .1 ... , - 

,919.116. in 1894, gross. 



rt- TiTitiiiml. ii>. Owns terminal road In Charles- 
i miles double track laid with 6O pound steeL 
npany also owns 14 wharves, SO warehouses, about 3O acres of 
4eetton eomprseesa. ete., on the eHf's water front, these being 
by Us own road with the other railroads entering the city. 



RncBivBUMir. W. E. linger was appointed reeelver In January. 
1896.-V. 62. p. 188. Stock outstanding. 91.12O.uou. In 1894 four 
nnt mortgage coupon* (Pb. 1894. to Aug.. 1890, Inclusive* and six 
eoneoL coupons CBwft,189*. to wareh. 1996. inclusive, were funded 
toto 5 p. e. scrip. Pint mart, coupons due Peb. 1, 1896, were 
not paid. Net earnings for year ending March :il. 1896. were 919,524; 
to 19967900,082; m 1893-94, 944.628. (V.62, p. 138.) 



Virginia A Oeorgla. Bee SOUTHERN Rr. Co. 
A Wr.irrn North Carolina A narrow- 
gaags road from Johnson City. Tenn., to Cranberry. N. C.. 34 miles, 
If mil In 1893. Mortgage trustee ls Guarantee Trust A Hafe Deposit 
dKof Philadelphia. 

K.airi.os.-Por rear ending June 80. 1895. gross. 937.773; net, 
99493; charges. 919.075: balance, deflclt, 99,913. 

ad . < artersrllle.ua.. to Pel) City, Ala.. 117 
Extension from Pell City to Birmingham la 
RH. of Alabama, wld In fore- 
" present eompany was Incor- 
_, 1H4. No bonds Issued. 
.J year ending June 30. 1890, 

pos*. 992,007: net, 843481 ehare*. 99,7.'0: balsnoe deflett, 95,498. 
I n 1 94407gro*e, 978,196. (T. 55. p. 938; V. 56, p. 483. 933.1 

' K . MI n. k y By. Road fr-.m Rlv,-rt..n t.. wvbl.vllle. Ky., 

96mUea. Chart ersa In \<vw and -took 1* 

ewmmoBj91.O97.AOO-. prsfrrml i.77:i.'.<> There are no bonds. Bills 
and aeenuBU pa/nb>o June 30, 1 40, sr>,o3<>. Karnln ir for rear end- 
ing June 8^1999, gross. 937,223; net, none reported. In l 



SmUea. 



rmeriy the Mm* * Wttt Hit 
May 39. 1899. I V. 56, n. 928.) Tbe| 
erntod undrr tews of Alabama Jan. II. 
Ftllllint. Edward Kelly. New York. IB 



(N. H.) Owns from Portsmouth. N. H., to Beabrook 
iMassaehnsetts State Line). 16 miles. Leased to the Eastern RR. (now 
oonsolldated with Boston A Maine) from October 1. 1878, for 60 years 



and 3 months at 933,SOO per year. In June, 1891, a stock dividend of 5O 
per cent was paid. Dividends since Increase. 3 per cent per annum. 

Kel BlTer. Owns from Loganaport, Ind., to Butler. Ind., 94 miles. 
Foreclosed July 6. 1877. Leased for 99 yean, April 1. 1887. renewable 
forever, to Wabash, at 2 per oea yearly on the stock till April. 1893, 
then 3>e till 1895 and 3 per eeat thefBafter. The April, 1896, divi- 
dend was 1 > p. c,; Oct. l>tp. o. (V. 58Ti>. 710, 1110.) 

Klein Jollet * Kastrrn Vty.tftrt Ha, 



111., on Lake Michigan, via Hpaulding and Jollet. to Porter, Ind., 
miles, and branches Normantown to Aurora. 10 miles Walker to Cos 
Mr. I1L -32 miles: spun U coal mine*, etc., 1 A miles; total owned, 1 87 

- A. A Chicago. 9>t: Chlcacn A West Indiana. 4-8; 

o, 3), 18 miles; side tracks and yards owned, 6tt 



OnoAMZATH IN. An outer belt line at Chicago for transfer of freight 
from one lino to another without breaking bulk. Also reaches coal 
8eld*. In 1994 trackage to navigable water of Lake Michigan wa* 
seared by 99 year contract* with L. N. A. A Chicago from Dyer, Ind., 
to Illinois State line (near Hammond). 10 miles, and with Chicago A 
W. Ind.; from there to South Chicago, 5 miles, where the company ha* 
purohias.il extensive terminal property on Calumet River. Including 
1.35ft feet of water front. The South Chicago extension was opened 
O .'7. i-.ni. 

8TOCK.-8toek. 86.OOO.OOO ; par, 9100. 

Bonn*. ETC. Pint mortgage<trusteea Central Trust Co. and Augustus 
L. Mason i to for 91 0.OOO.OOO ; the balance unissued can be disposed of 
lerment*. eta. Equip, note* Dee. 1, 1890, 9100,875, 
payable, 9130,350. 

, >1896 Orou, 8586.274; net, 9186.533 

July 1 to Nov. 3O. (1895 Gross, 518,318; net, 179,000 

ASXUAL BJIPOKT. Fiscal year ends June 30. Report for 1895-96 
was given In V. 63, p. 552. During tbeyear, 9170,117 was spent for 
maintenance of way" against 9122,677 In 1894-95 and 9130,187 for 
" maintenance of equipment " against 9100,960. 

Tear etui. J**rM>. 189540. 1894-95. 1893-94. 1892-93. 
Tons carried 1 mlle.193.018.870 162,252.418 137.983.578 126.824.1146 
A v. rate p. ton perm. 90-0064 9O-OO65 9O-OO72 90-OO68 

Groseeamlnga 91.292,420 91.O8O.686 91.020.326 9920.032 

Expense* and taxes 846.3OS 780.752 699.865 677,674 

Netearnlngs 9446.115 9349.934 932O.461 9242.358 

Interest and rentals. 345.873 335,419 3O3.950 289,084 
28.311 44.028 17,299 



sur.976.981 4cf.ff9.518 def.9788def.846.726 
President. Samuel Spencer, H. Y. (V. 61, p. 933; V. 63, p. 6C3.) 
Klinlra Cortland A Northern By. (See Map LtMali YaUry.i 
Own* Klmlra. N. Y., to Cauastola, N. Y.. 119 miles, and leases during 
rate Ttrtmee. Oanastota Northern, Canastota to Camden. N. Y., 



21 mile*, whose Ant mortgage bonds are stamped guaranteed principal 
and Interest. Stock 82.OO6.OOO ; par, f 10O. 

In February, 1896, the entire capital stock was purchased and bonds 
guaranteed by the Lehlgh Valley. V. 62, p. 11777 

In year ending June 30. 1895, grace. 9432.718; net, 9124.679; other 
Income. 9 1.859; rental*. 918.OOO: Interest, 91O7.5OO ; balance, surplus 
for year. 81.038. In 1893-94. gross. 9365,026; net. 993.5O2. (V. 57. 
p. &4; V. 59. p. 483; V. 61. p. 794; V. 62, p. 364, 1177; V. 63, p. 402.) 

Klmlra A Lake Ontario By. Owns from Canandalgua, N Y., to 
Chemuag Junction, 64 miles ; Sodus Point to Stanley, 34 miles ; other 2 
total. IOO miles. A consolidation In Deremtter, 1886, of the Sodus Bay 
A Southern and other railroad*. Leased at ooet of operating to the 
Northern Central, which own* all the 91.5OO.OOO stock. Lease may 
be terminated on thirty day*' notice. 

Kmninm Ores*. Mel. lnlereil,4c. Bal., dtf. 

1895 9594,615 loss.9H4.5OO 942,790 $157,290 

1894 540,221 loss. 33,729 41,884 75,613 

Klmlra A Wllllaonsport. Owns from Wllllamsport, Pa., to 
Klmlra, N. Y., 75>t mile*. Leased to the Northern Central Railway 
for 999 yean from May 1. 1863. The dividends on the common stock 
are 5 p. o. and on the prernrred 7 p. c., less taxes, making dividend on 
common 4'5H per cent and on preferred 6-38 per cent. Gross earnings 
.. 9023,702: net. 9141,217; rental, 9169,678. Gross In 1894, 
9818,431; net, 9159,672; rental, 9168,757. 

Rrle * FllisbnrK UK. Owns New Castle, Pa., to Glrard. Pa., 81 
mller; branch, to Erie Docks. 3 miles; trackage, to Erie, 17 miles; total 
operated. 101 miles. Leased to the Pennsylvania Railroad for 999 
years from March 1, 187O, at a rental of 7 per cent on stock and 
Interest on the Iwnils, and the lease transferred to tbe Pennsylvania 
Company. Under the general mortgage suHlcltmt bonds are reserved 
to retire prior bonds when <lnn. The lease has iioen i|iilti- unprofitable 
to the lessees, the deficiency being In r :<l. in 1 8o. S207.705; 

II. 8201.724; In 1HB2. 92O6.43O; In 1!Kt. $188.2 10 ; in 1894, 
986.212; In 1895 profit 97,524. Report for 1895 In V. 63, p. 20. 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



SslHns-^ 




JAXCABY. 1*7 J 



RAILKOAD 8TOCK8 AND BONDS. 



RAILROADS. 



r explanation of column heading*. Ac., see note* 
on rtrst pge of table*. 



of 'Pa,! Amount 

Boll. ' Bond,! Vuhfe. Ouutandlng 



Mrif Kniln*a<i Company Common stock. 
1st pref. n>> x. 4 per ernt, Don cumulative 
Sd pref. stoi-k. 4 per cent, nun cumulative. 

A old Boade AMDMED ROAD* CONSOLIDATED. 
U.V. AE. Ut M-,Plerm. U>Dun.,X.Y..exl.tte).e- 

3d mortgage, (extended In 1879) gold c* 

3d mortgage, (extended In 1*831 gold e- 

li mortgage, (extended to 1880) gold. . 



446 



5th mortgage (extended In 1888), gold ....... o* 

rteR-7.1tM..Buff. Br. Uornell.T.toAWcm^ 

1st eonaoLmort.. 830.000.000. gold. A*... e- 
N. Y. L. E. A Weet. funded coupon boad*. gold. e- 
Buff. X. Y. A Erie, lit M. (Buffalo to Corning, .c' 
Buff. ASonthw.. l*t M . Buff to Jame*town.g c' 
Lockpurt A Buff.. 1st M.. Tun. to I-o.-kport, X. T. 
<i>wtirir A X. Y. 1-t m..rt.. eit.-tid.-.l 1:1 !-- 
8u*pen. Bridge A Kile Jnne.. l*tM..ga.by Bne 

B Bno> 



AM 

465 
465 



6O 

526 

526 

140 

67 

IS 

I-' 

23 



1-17 
1-7'. 
1--..; 
1857 
ISM 
l-.t 
1-7.. 
1-7- 
1--.: 
1877 
18 7 



100 100.000,000 
100 30,000,000 
1OO 16,000,000 



187O 



Bergen Co._RR..JstM.. Ruth. Jc. to Rldgew. X.J. 



10 



Bloosbnrg Ooal Co.. 1st mortgage. go\ 

Oh.A Erie KtM.jr.q*arton.<>..u> HaiiimM.I wl.c* 349 

OWeago A Atlantic Terminal. Ut mort.. L-..I.1 
;Elmlra State Line Railroad. 1-t morUa. 
fOoab. A Deckfn. 1-t A 2d M-n-.cWO.ooosre-.M, .... 
Jeffen-n.lstA2d M*a.,ex.ln 1 87A--<9(ir.Ule Br 

l*t mort. Carboadal* to S. depot, gol.l . c' 37 
Long Dock Co.oone. M ,g.(now 1 t M.) Weetextie- 
f M.mt. A Erie. Ut A 3d mart*. (84O.500 an 2d*l 
1X.Y. A Green wood L-.Prlor lien M..1.500.OOO.g. 40 
;New Jersey A X. Y. , 1 st M. (nwrganlxatlnn) ...e- 84 

MX.,KrtoJc.,toU*raenv..39a^Abeh*.SnLr 84 

Oea.it.. 81,200.000 rred. 109 after S rean>...g .... 

X-J.AN.Y.Extea. lit M.. Int. gn. by X.J.AX.Y. 2" 
I.E. A W.C.A RR. 1st M . -lawful moaev 

"~.56.pJB*o- 



!*. Y. L.E.AW.D.A ' r . 

Pa. A Ohio, prior lien M., gold, 8 A I. 

Do. Ir*<ri1 line* *** separate tatemeaU f..: 

.nojaBaOroadboada, dC that eo.pa.yl ; 



.... 
411 



< Krlr RAILBOAD COMPAHV KBW Buxna. 
Vew 2d mort. on Buffalo A Noiithworfn. gold, e" I 
Hew IsteonaoL M. for 17S.OOO.OOO *eeo.rtn:- 

Prinr Urn bond*. 835.OPO.OOO. cold e' Ar 

T1 OMITS I ll-n bond*. 814O.OOO.ODO. Kld ...e-r 



1,000 
1,000 

1,000 

LOOO 

MX) Ac. 
....i A. 

l.OOO 
5OO Ao. 

1.000 
50 Ac. 

i'.ooo 

l.OOO 
OP KNTI 
l*-l 

IH7* 

1-:.,, 

1888 
1875 500 Ac 
S8--89 

litJT 

;-- . 

!--'. 

.... 81 
1804 
:--.. 
I88K 
1893 

1882 1.000 
! 18*3 1.000 

AMah. Valley 



2,482,000 
2,149.000 
4.617.OOO 
2.926.OOO 



l.OOO 



1.000 
l.OOO 
l.OOO 
...... 

i.ooo 

900*0. 

5OO Ac 



163*1.000 

3.6W.MO 

2380.000 

1.500.000 

140.0OO 

250.000 

961.000 

KKC) OK A M 

2OO.OOO 

4OO.OOO 

12.000.000 

300.000 

160.000 

246.MJO 

300,000 

(300.OOO 



l.l i 



INTEREST OR DIVIDENDS. 



Bonds- Prtnel- 
pal.when Due. 
Rate Per When Where Parable, and by Stork* Last 
Cent. [Payablei whom. Dividend. 















7 


M. A : 



67 



1895 

:- .-. 



1,000 

500 Ac. 

* o \ 



. 
3.000 

-.: -...HI.. 

120,000 

i.ioo.ooo 

.!..:.... .M,., 

8.000.000 

RR.. Sharon 

504.500 

1. 000.000 



: 



I"' 
5 
7 

AJOBITT 
6 



6 

44 AC 



5 
ft 

6 
6 cur. 

8 

4>M. 
y. and 
SA7 



8. 
'M. A 8. 

A. A O. 
,J. A D. 
J. A 
M. A 

M V 
J. A 
J. A 

j A :i 

J. A 



N. T., 21 Cortlandt St. 



,\,7 
tt 
tt 
do 

do 

do 
do 
do 
do 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



II MBjMX) 



J. 



May 1. 1897 

Sept. 1, 1919 

Hon. 1, 1923 

Oct. 1, 192O 

June 1, 1929 

July 1, 1931 

Sept. 1, 192O 

Sept. 1, 192O 

June 1, 1916 

July 1, 1908 

Oct. 1, 1897 

Jan. 1, 1929 

July 1, 1900 
! i v-l . 

Apr. 1, 1911 
Nov. 1, 1915 
May 1. 1982 
July 1. 1919 
Oct. 1. 1905 

1928-29 
July 1, 1927 
Jan. 1, 1909 
(Vt. 1. 1935 

1926-27 
May 1, 1946 
May 1. 1910 
Jan. 1. 1986 

193'> 

May, 1910 
May 1, 1923 
Julv 1. 1919 
Mar. 1, 1935 

1905 A 1915 



New York City. July 1, 1908 



) OFCA PITAL STOCK, OR BY (T) 

A. A O. N. Y., 21 Cortlaudt St. 
J. A J. do do 

X. A N. do do 

J. A J. do do 

A. A O. Elmlra.ChemungCo.Bk 

Various 

J. A J.'Phlla., FUelity Tt. Co. 
A- A O..X. Y.. 21 Cortlandt St. 
A. A O. N.Y..J. P. MoriranACo. 
Various N. Y.. 21 CortlamU St. 
M . dn do 

If. A N. do do 

J. A J. do do 

J. A J. do do 

T 8.1 do do 

M. A X.I N. Y.. '-'I Cortlandt St. 
.1 A J. <1n .(.< 

M. A 8. | do .!.. 

!CewCa tie A Shen. Vullry. 



J. A J. New York A London. Jan. 1, 1996 
J. A J. 1-' ...n|. .lnrJuu. l.'!)7 Jan. 1, 1996 



Krte Kallra*L * JT* ott a*>.iv oof. -Embraces trunk 
Ha* from Jeney City, opposite Hew York City. t'. Cnlrago. 111.. 986 
mllee. aad braaehe* 1.1 17 mile*; total. 2.103 mlle; *eroud track. CIO 
lie*: siding*. 1.101 mile*; total of all track. 3.737 mllea. The total 
of 2.103 mile* eomprUe* 

Trntkmgt Oa. A Watt Indiana. 2O 

! I&ML 
Avoa <ien. A Mt. Morris 
NDoryAKrte. 
lADoekarton 

woee Valley 

HoJrvFMoJtit. 
OUT*, A Mahonlng Val 



.. r,,. < . 

Plermont, X. Y.. to Dunkirk ..447 

' ->toJamo*town 67 

itoOoraln. ..140 

braaehes Ill 

Chicago A Erie! '/. 

Jefferson RR.. .. 145 

AUreeawoodUAbn.. Iftl 

Xvpano KK 



Oth.-r :HI.-. 

Total 

1 B*% tab) company. 

HttTOBT.-Oa Dee. 1. 

York Lake Erie A W. 
6nnderiu-*o 




XewCaaUeAMhea. Val 
Sharon Railway 
OtkerllnM 
Trmekoff* ... 






181 
117 
115 
106 
54 



Allllnealncjniten 2.130 

Operate* Xo. of . J M 



'> tho proporty of the old XPW 
Company , cold In foreclosure on Xor. 



V, (,.. | l.l:. ',;. . 



. -hip ..f all or mrtle 
the UIM from Sw Yoi 

A r 



aew company I...M- in 
thettockoi ' 



lly all tho stock 01 the Inde- 
' York to OWeago (Including the 
nanl- i au'l aUo all branch and 
a few saaall properties .ggregatlng about 3OO 
The roawoals-rttoii ia(i oflagast. 1996. wa* 
given at loagta In V. el, p. 908. The asssaamea** oa tho stock of the 
Sd N. Y. UK. A W. and ihe J. T. P. AO. aggregated * I 

~'M the New York A Oreeawood Lak* w.n loaeed per plan In V. 
83. p. US: V. 63. p. 180. tho Avon Oeaoseo A Mt. MorrU p 
T. wS. p. 31. aadonatrol of the Now Jeney A Now Toi 
(bated, (see V. 8*. p. 6e3) la all 87 mile* of road. 



* per plan In 
ark was par- 



COAL AMD BTEAHitotT PaoPHTT. Tho Brw eoal pmnrrtiM re pro 
at an aa^recale of lo..v> arroa or anlhraeite. of wblcb aboa 
.000 acre* are hold la too; aleo M.OOO acre* of bltiimlnooa DM 



Beat 
000 

*^, -..ft 



re- 

ut 

14.000 aera* of MtaaBlBotu bel.l un.l. r mlaonl 
ta tho rr 18a-4 acgraKated i. 1 1 < > 

HtcambcMt Companr bw> It* 
la Buffalo and a float of fire lako (team- 



on. 8e V. 3. p^ofST 

BTOCK.-THO MM* I* to be held by J. 
mid aad Chario* Tennaut. Bart.. v..iing 
thereafter until the aew tot preferred >tc 

oat eaah dividend la one year. In tho meanwhile certificate* of 
beneficial latoraot are outstanding The new company reserve* tbe 



norpoat Monran. Looai nta- 
tnutopa. forlve year*, aad 

Wk ihall have recelvwl 4 per 



right to redeem either class of Its preferred (took at par tn'caah. 

Bono*. New York A Krte flnt 7s for 83.482.0OO, due May 1, 1897i 
r* t<i be extended for 50 yean at 4 p. o.. payable p. A I In gold. V. 
64. p. 180. Tho BOW flnt oonsolldaled mortgage la for 17.VOOO.OOO 
(Parmen- Loan A Trust Co. trustee f-see akstfraet of deed V. 62, p. 86 
ad eoare* 835,000.000 prior lien bond* and 140.OOO.OOO general lien 
koada. Of the*35XK)0^00 pnor<i 6osioX 89.odo.o6o are to be naed 

Of the*l 40000.000 gnurml tin towb. 801 .968.OOO are reserved for 
the ultimate aeqnawttoa of all bond* and guaranteed tock* now left 
aasUotaiuod oa vartoo* part* of the system (exeeptlug the l.ooo.OOO 
lli'iili oa Buffalo A Bonthwestorn eo list V. 62, p. 891. aad 
817.0OO.OOO are roserrul for now eonotraetloa, bettermenU. addition*. 
ft*., altar 1W7, under oarefally guarded restrlctl.ni-. not over 

id* hoar 
1897, at 

__ tgage I* unbstantlally 

ben. either by mortgage or eollaleral tnist 

(the prior lien bond*, however, preeodlag the general lien bond.] upon 
aeeoaipaay's principal eoal propertle*. upon It* water irannporta- 
Boa I law. laelodlag valuable terminal propertle* anpurteaant ihiriU. 
of profltable local line* la New Jeney and near 
d Ifm upon the remaining ooal properties and 
rallroadajeadlng to_ all_tbe eoalpropertle*. upon the ter 

New Y 



l.OOO.ooo to be Bead In any one year. The general lien 1.011. 
tolre*t from Jnly 1. U9*. flnt coupon to mature January 1. 1 
* per eeat per annum for two yean aad 4 per cent thereafter. 

Tile Boaftion of the flnt coni 

follow*: It I* a flnt lta>n. olthc 



.lldatod 



at Jfrwiy city, apoa tbe Buffalo Xew'York A 
line to Buffalo) aad the Buffalo terminal p 

It I* flnt lien, and upon the entire fine from Hal- 



rte Railroad 
ronnrtlnn oth>r 



aaaea to Oateago : It I* a tteond torunluliiirti mnrlgngr npon th line* 
la* origin. I Brio Ry. between Plermnnt and Dunkirk f Hi; mllea.) 
(Jailer the Brt conol. mortgage of 1S9.'. t lie i-om pan y 
pay tbe Interest regularly on all the old I. on. I* In the 
marked with a or a : (except N. J. A X. V. l.on.U.) 
p and pledge them with the trustee at m iturlty. 



A description of tbe Loti Dock < ra* In March. 1!U, SOI-PLKMBNT 
under X. f . L. E. A W. The > earl v rental I* 45O.OOO. 

r. Lake Brit* W. Ooal 4 KK.. tee SOPPLKttc.Tr January. 1893. 
UDirrf*BKo 8r.x-K AID B IM. An A! I abore. $W.<)tl3.OOO of 
the aew geooral lien bond* were ronerved for the aole purpose of re- 
tiring at or before maturity all underlying ii.mil-> and Imu.U or leased 
aad rabeldlary ootnpanle*. an.l praotl wily all the gunntnUvxl BtockK. 
A raauaary of all *oeh un tUturbed *eoiirltle< In given lu the table* 
n. -t f.illiiwlac. To lake up the following tmn N an I oar trmi. Kuer- 
al llea boadalbr 841.000.000 are held In ocr..r: 

Sharon RK1 8164.0OO 

Krte ar tnuU due 

after \..v. 1. I-.H 2.142.OOO 
X. Y. Pa. A Ohio car 
tru*U 1,950.000 



OldErleboada 833.663.OOO 

Other old bond*, per 

talile at top of pac: 42.U7.3OO 
Ruff.Hrail.AlltU. I -I 
Clev.AMah V.I 

MWldlefnACraw 14- --' 





N.CaaUoAoaoa.Val.1 






Total ,...$84.000.000 



t This does not Include Buffala A H. W. Dlv. 5s of 1891. 81.OOO.OOO, 
X. Y. A Green wood Lake 5*. 8058.OOO. or X. Jeney A Xew York bond*. 

Due and retired Jan. 1, 1896. but r.ew bonds not i*ued In July. 

1 Bee separate statement for this leased company. 

To purchase the following *tock not owned by the oompnny (and 
also 870.000 Buff. X. Y. A Erie and too Susp. Br. * Erie June, stock 
too* purchased), the remaining 8t.O83.oOO of bond* were reserved : 



BoCBra.1. A Pitt* 

Cler.AMah.Val. 
Klmlra State l.in 
Ooahon A Deckertown 
Mid. A Crawf.ir.1 



Amr>u*l Slnfk. Amount. 

#M!.%o<) M.mt. AErn 815O.OOO 

3.000. X. Caxtle A Shen. Val. 14. r >,7.'.O 

: kOea v., :. . i.r. -.10 

96,190 | Sharon 453.350 

43.2OO Ttoga A Jefft-raon Rit.. "" 

FIXRII CiiAaom. " The flxiwl charge* of the Erie System (calculated 
on all bond* wln.-u will !M> ouUtaodlng oa oonipletlon of the reorgan- 
ization) are reduced from *:I,|HO.IMM) to 87,86O,OOO per annum (In- 
eluding prior lien I..MI.| *I.17.!.OOO: nadUturii.-l '. .n.|< and stock 
S.5OO.OOO; general lien hoods. 81. 1H4/WO) aad for the tlrt t-.i v.-ir-i 
afto' reorganization a further re-lnetlon of about 8JOO.OOO per annum 
I* made to an amount nearly equaled by the net earning* or tin- prop- 
erty In 1893-94. Furthermore In the new fixed chance f* Include I tint 
Interest oa a large sum of money latoaded to be P<MII Immediately 
after reorganization In Improving and adding to the properly. This 
should enable the company to enlarge Its biulneu and It Is t icught 
transact It wltb greater economy." 

nciRHAi. PIXASCB*. The reorganization provided a fund of 
L-. follows: To pay floating debt. 1 1.ISO.i.OOO; 

to par collateral trust IM.H.I*, 83,678,000; to pay prior H.-n Imnds, 
82.5OO.OOO; early eonstmetlon requirement* (system) and expense*. 
88337.288. ear trust* ror three years. 82,OOO.O'K). The old company 
was greatly hindered by lack of capital, but thl Is ramodiod liy the 
boud Issue* alloweil under the new mortgage. Tlnga KR. third-rail 
morigage bond* for #rj:>.ooo which mature<l Xov. 1, 18!)H. were pur- 
ebasedby the Erie aad held In lt treaimrv. N..\v York A Erie first 7*. 
due May 1, 1897, are to be extended for 5O years at 4 p. o, V. 01. p. 180. 

EAa.l*oa.-5 month*. J 1896..Oro*a, 814.005.31 1 ; act, 84.280.631 
July 1 to Xov. 3O. 1 1895. .Grow. 14,3.X),O49; net. 3,948,515 

A> M-AI. REPORT. Fiscal year end* June 3O. Report for 1895-6 waa 
given at length In V. 63. p. 498. 812; see alao editorial on page 477. 
The report coven tbe mm mrnitlu from Dec. I. 1895 (when the new 
company took possession) to June 3<>. 189<1, the poorer part of the 
year, and shown, excluding the eoal properties, a* follow* : 

7 mon/At. Oroti. \rl. tHIvr litr. Oharot*. Hal., Bur. 

1896 817.017.376 *4.13il,953 855.546 8,03.7S9 $151.710 

1895 15,999,708 3,643,037 

The 831.032,' oo general lien bonds did not begin to draw Interest 
till July 1, 1896. The dimmer and fall months usually yield tho 
largest revenue. 

AKM0AL RPOBT. The earnings from 1892 to 1895 Inclusive, elimi- 
nating all cross entries, etc., have been approximately: 

rear ending- *pf.3O/95. Heat. 30/94. Sept. 30/93. Heal. 30/92. 

Oro 829,207,044 826.813,513 934.194.854 835.23P,(!!t3 

Met earnings.... 6,999,057 7,383,114 10,295,621 19,682,872 
Ini-om.-fri.nl oth. 

source* (et)10O,913 16.886 Dr.245,621 Dr.232,872 



Xet 87,100.000 $7.400,000 81O.050OOO $9.450.000 

Ori"oR Preldent, E. B. Thoma*; Second Vice President, W. P. 
Merrill; Thlnl Vlre-Pre*., Andrew DoimMHon : Fourth Vlce-Pre*., O. 

,t;.n; Me<Tetary. J. A. vil.MI.-t<.n : Tn-asun'r, K<lward White. 
I irm i . .K- i II. Co*ter. J. J. (liM)ilwln. Ahram 8. Howltt. John O 
Mi'4-ulliMiKh. D. O. Mill, Alexander E. Orr, Oeorgo W. QuIntarJ 



INVESTORS' SUPPLEMENT. 



I VOL. I XIV. 



Wol SC O N SI 



MAP OF THE 

ELGIN, JOLIET 

EASTERN RAILWAY 



CHICAGO 

OUTER 

BELT LINE 



L \A\ Kf E 



CONNECTING ALL RAILROADS 



CENTERING AT CHICAGO. 



! Alpine / Thorntgfc Jc? 



<X ^SiM AZON I 



N E W T O 




JANUARY, 1897.] 



RAILROAD STOCKS AND BONDS 



Subscriber* will roiifVr a srrmi faror by siting Immediate notice of any error discovered In these Tables. 



RAILROAD*. 



ter explanation of column heading*. 
OD Ont pa*e of tables 



M.;. 
of 

to .-'. 



Date 
of 

Bonds 



Site, or 
Par 

Value. 



Amount 
Outstanding 



INTEREST OR DIVIDENDS. 



Bate per When Where Payable, and by 
Cent Payable whom. 




Bondt Princi- 
pal, When Due. 
Stoekt Last 
Dividend. 



Xailroad (Co*r<D D *ar Trusts, ETC. 
.r trust, 188. ser. A. (gnar. oy D. AH.).. 
i: .* W. ear tr..B. to O. Incl.. part pd. an.c" 
D. A H. and Pa .Coal car trusts (V. 63. p. ! 
. Y. Pa. A Ohio eq. trusts, ink. fd. 3, dr-n at IOO 



3. p. 514). 

_. fd. 3, dr-n at IOC ... 

ATOB Oeneseo A Mt. Morris and Rochester A Gen 




JMIIUT. * JKf Am'rf-Wesfn DlT. 1st mart., gold.e* 

^&^SSS4sS^^::r.. 

Pref. stock. non-enmulstlTc. See txt. 

Consolidated mortgage (DOW IstUen), gold 

ff yg JJ.ft'iBfeF'r'" * 

BolUraa Connty OeaTbraa^Bortmgei coid""e* 

1st general mortgage for 07.OOO.OOO. gold e' 

WftautUU Tern B. * CMc.-lst M.. g..lnt. guar..e* 
3d mortgage, gold. Int. guar. by Ch. A E. ni....e' 



PoM Bwo*-Cor. Cow. A Antr. deb., red. at IOO. g.c" 
rmrmtiU* 4 fnrtets-lt mort. for 0650.OOO 
fe for 0500.000. lacomes....... 






BoadsJGOO.000 yrMj.-99to 1903 IncL. baL 19O6.C- 



$1,000 

I..IIHP 

1.260.000 
*100 ' 1,789.505 
see Va Hey Sto cks SEF. TU 






1--.; 



40 
55 
1M 
B 

112 



1884 

1886 
1888 

i- : 



115 

144 

25 

M 

IN 

49 
49 



I--,, 
i : 
1883 
1890 
1893 
1870 
187 : 



1,000 

5OO 
1,000 

1 ...<N> 

l.OOO 

:,,,., 

l.OOO 
60 
SO 

i',000 

1,000 
1.000 
1.000 
1,000 
1,000 

SOO'AC. 



. 

1,000 
1.000 
1,000 
IOO 
100 
1.000 
1,000 



500,000 

500,000 

251.000 

653.000 

1,596,000 

90.000 

&98M81 

1.384.000 - 
30.000 

3,000,000 
375,000 
450.000 

2.133.000 
775.0OO 
985,000 
l.SO.OOO 
170,000 
8SO.OOO 
5OO.OOO 

1.200.000 
800,000 

7.000.000 

17360.000 

500,000 

4.500!000 



N. Y., 21 Cortlandt St. 

do do 

do do 

London. 

. Y., Mercantile Tr. Co. 
92-3 pd. 3; '93-4 none. 
N. Y.,Farm.L.ATr.Co. 



do 
do 



do 
do 



M A- 

M. 8. 8ep.|'93iooup. last paid. 
Bee text M. Y., Farm. L. A Tr. Co. 

Evansvillc, Ind., oftloe. 



8. Sep., '93, coup, last paid. 



N. Y..Farn>. I 



do 
do 
do 
do 



AT. Co. 
do 

,!,. 

a 

Be 



N.Y., Farm.L.ATr.Co. 

do do 

do do 

Phile., Fidelity Trust. 



Boston. Office, 
do do 

do do 



$63.000 Jan. 

1897-1905 

Yearly. 

1903 A 1910 

Feb. 1, 1938 
Feb. 1, 1933 
Sept. 1, 1909 
July 1, 1924 
Jan. 1, 1926 
Sept. 1, 1928 
Befit. 1, 1931 
Ang. 1. 1898 
Oct.15,'96,1% 
July 1, 191O 
July 1, 1921 
Apr. 1, 1923 
Apr. 1, 1930 
Apr. 1, 1949 
May 1, 1900 
Jan. 1. 1900 
May 1. 1920 
May 1, 1898 
May. 1923 
July 25. 1923 
Jan. 1,1945 
Jan. 1,1945 



Jan.15,'97,2% 
Oct. I, 1897 
Var.'99tol908 



r, PrancU Lynde BteUon, Kben B. Thomas, J. Lowber 

, ae l E. Williamson. 

-<V. OS, p. 90. 84. 85. 86, 186. S3S. 377. 318. 3. 414. 456. SOU. 548. 
MO. OS&'ne, 008; V. . .180.398. 858. 4T. 408. tit. - 

04. j. EM 




laterest OB debt 


!-; 
. 0332.353 


1MB 

0327,861 
57.361 


l-.M. 
0296,641 
102,507 


Taxes and miscellaneous. . . . 


52.340 


110.765 
V. 61. p. 746; V. 


079.134 0129.426 
62. p. 364.413; V. 63, 


-(V. 60. p. 967.1058.1 141; 
p. 504. aOO.) 



Kran.Tlllr * Indiana poll. .-Owns ETaniTllle to Terre Haute, 
lad. <rm WortUactoB). 138 BUM; breach 6m.; leases branch. 13 m. 



Htrroar. ETC. -A coosoUdattea la October. 1885, of the EraaTllle A 
ladlansaoos, the EraosrUle Washington A Brasll and the Terrs 
av*s A niislhinsmn RBs. Of the consols OOOi.OOO are reserred to 
Met prior oens. The consols, aad the bonds of 19^4 are guaranteed by 
KraasT. A Terre Hants, whleh owas entire capital stock. 02.0OO.OOO. 



rkhmewi 

i Jan. 1 to Oct. 7, 1806 (0 
7.654 la 1000. 



). gives, 



Bsroar.- Report for rear sndlag June 30. 1*06. was gl Ten la V. 63. 
a. 87*. showmg : fross. 0307^381 Bet. 000,711; Interest, taxes awl 
rmMili.f1"n"lTir. balaane. deaett. 0*6.137. Iaio04-0o.oroes.0393, 
t!7; aet.OM.70t. V. 63. p. OTO.) 

KTan.TlIU A Hlrnsnond.-Owas Klaora to Westport. Ind.. lOt 
10 miles. Stock. 01.5OO.OOO. 
ETaasTtlle A Terre Haute had acquired nearly all 

, p.43^ad 



lOas, aad eoal sanra N 
IB July. 1806. the ET 
M 01 J10.000 gsneral 

tmt) fVffVxfiiVawlamBT ateM BkO 



the 01 



aiaa lav 60. p. 



000 la 1 
090.5X1 

anea.enen. 064^03. 'fa I.. _ 
60, p. 43. 131. 349. 606. 067, 1008 
TancTlllr A T< 



>. acaln.t 03O3.- 

ni .. , . :..-. 



.OOOjJajtes, T 015,148 \ haf 

t'TS.^'afti^^ 704 - <v - 



-I . 



JTUss. 

KransTlUsto T*m Haute.. 10O 
Braaehes to ML Vsmoa.ets. 63 
XraMTflle Bell (.toe* held). S 



T..' d : . 



XiUt. 




Braaerllle A ladJaaapoUsl 
ETaasTllls to Terrs Haute 

TlaWorthlagton.sU) 156 

Lsaisd to other co.'s Bock- 

107 Ttlle exteaetoB 33 

ARIohmoiKir ... 112 

ETC.-Psrmsrly ETaawrllle A OrawfordsrUls BB. Has 
ketwtth CUeaoe AEas*era nUaotsfor nratotoChlcago. 
ssabsr. 18M. stosk was Increased from 03.OOO.OOO to 
al to oae-thlrd of their holdings 
to be coarertlhle Into new stock 
In Mar. 18W5. Ol.2-4.000of 

BOB snaislsllis 5 per eeat non-roting stork was lamed 
for EraasT. * HhaieBd beads par plan la V. 60. p. 43; 

J1001. 84. *8a. >86. '87--00. -01. 03. "93. none 



Junction. Ind.. to Danvlll.-. III.. 49 miles; Insinn Indiana Block Goal 
Road. 13 mile*. On April 30. 1880. leased to the Chic. A Eaxt. 111. for 
900 yean; terms, 075.OOO per annum and payment of all rentals and 
taxes. Stock. 0581.370. of which 0483.630 owned by Ch. A Eaot. 111., 
which gnar. Int. on lt and -<1 mortgages. 

Fairmont ^loraranslown A Plttsburc. (8t* Map Baltimore 
4 Okio.i Owns from Union town. Pa., to Fairmont. W. Va.. 57 
inllrs; branch, 1 mile. Controlled by B. A O.. which owns a minority 
of the capital stock of 03.OOO.OOO and funded debt of 03.000,000. 
Current liabilities. Jane 30. 1804, 090.918. 

Kail Brook Kaliway. Owns from Corning, N. Y., to Antrim, 
Pa.. S3 mflai; branch to Ulysses, Pa., 4O miles; Fall Brook branrh, 
7 miles: leases Srraeose Oeaera A Corning By., Corning, N. T., 
to QiBira. K. Y.. 58 miles, and branch. 6 miles; and Pine Creek By., 
Mokesdale Junction to Newberry Jono.. Pa.. 75 miles; total. 239 miles. 

RISTOKT. ETC. Formerly Corning Cowanesque A Antrim. Name 
MS I July 1. 1893, and stock Increased to 05.OOO.OOO, of which 
MO.OOO pref.-par. &>. Bee V. 55. p. 31. Dtridends paid quarterly. 
MarenSl.etc. The eoal line of Phlla, A Beading and New York Central 
Is over the road of this company, which Jointly with said companies 
guarantees the bonds of the PtoeCr. BB. Co. 

EABXTM*. Plseal fear ends June 30. Statement for 1895-6 was In 

v. OS, |. .1-.-. 

rsar- Oross. ffit. (Mhtr inr. Int., hit.. 4c. Bal.fordlr. 

1806-6 0707.381 0180.346 0252.OO2 046,372 0385,976 

1804-5 653.690 214.OOO 183,155 31,179 364.976 

Prom lisUanns given abore, dlrldends amounting to 0305,000 were 
paid In each year, being 7 p. c. on preferred and 6 p. c. on common 
-V. 68, p. 377, 860 ; V. 63. p. 180, 0* C. 704. 

KsrniTlllr A Powhalan. Owns Bermuda Hundred, Va: to Farm 



3 -ft. gauge. Completed March 3, 1890. 

Pieferred. OMO.OOO ; par. *1OO. Loaas and bills pay 

! SryeareodKg June 30. 1808. gross, earnl, 



. .1 
v, low. Stock: 

i .. i'i fi.i 



Common, 0460, H5O ; 

able July 1.1895. 

n.-t. 




eonmoa stk. ( 44 5 3 4 or'rlr 7 7T 7>t! since. 

f Alee 6 per esat In bead*, j Also scrip dtrtdeod: see stock shore. 

OB wnftrnd flnt dlrtdeeid. declared n Sept., 1806, was 2 p. P.. pay- 

Me I p. e. Oct. IS. 1806 aad 1 p. S. April 15. 1997. T. 00. p. 004. 

OOWDS. ODABAs-naa. He. The Kraas 
eerm Deeatsv A B. aotes tor 0335 .oou. 
aetts heads are alee gaar BBIM< Then 
11067 for 0101.x 10. of which 015.758 mi 



Bonos. ODABAs-naa. ETC. The Kraasnile A Terrs Haute endorsed 

Certain BraasTllle A Indian- 
i wen ear trust notes Dee. 31. 
before July 1,1807. 
1 183 miles of road owned 
__ hsrlng a mileage of 377 
are held In trout to retire the i 
that the prior lien- 
Is also held to 




PTHABCB*. Aa Important rhange In the dtmctnrr took 
. 1803. when D. J. Macktiy reslgnM a* prtwldent and dlrec- 
'[ was Isesiil to par the floating dht-ee abore. 
I of eoal made la Sulllraa Countr. Ind.. were bouirht. 
_ lehmsail /IraKwwraowared In Dec.. 1894. 085O of 
A T. H. atataned ft p. e. non-ram. noD-Totlng stock for the face 
ef the bnade and OM 66 of such stock for aeemed Interest per bond to 
Jan. 1.1006. la April, i K06, holders of Ol.333.OOO of the bond* had 
tkae bsaa ezeaaagsd. On Jane 30. 1806, there was no floating debt 



-For calendar year 196. gross 01 .056.fi 15. against 

Ol.O95.961 la 1806. 

AmruAL BcrOBT. Plseal rear ends June 3O. Annas) mertlag at 
Braasrtlie thtod Moaday n Owt Report for 1995-96 In V.63,p. 309. 




0499.408 



IOM 

H',7 
01.038.373 



0464.256 



1004 
101 

01.159.037 

; . ii.-, 
13,168 



rllle, 80 mUes-and branches to Coalboro, etc., 4 miles; toul 03 mllw. 

Ml. 563. la year sodlag June 30. 180S, gross earnings. 

17573; ether Income? 03.353 : charges, 038,680; balance, deficit, 

07,854. Ial803-04.net, 010.631. 

Flndlay Port Waynr A Western Hallway. Owns road in 
operation from junction with the "Big Four" at Flndlay, O., to Ft. 
Wayne, lad., 82 miles. Uses Wabash terminals In Ft. Wayne. 

HISTOBT.-A reorgaaUatlon of the Flndlay Ft. W. A W. KR. after 
foreclosure and extended to Ft. Wayne, 2O miles. 

Srocm.-Tapltal stock ls 02.OOO.OOO: par 0100. 

BOIDB. The/lra( morlgagr Is for 01.2OO.OOO cold 5 p. 0. bonds Issued 
atOlS.OOOpfr'inlle. The second mortgage (Income) Is for 0800,000. 
Mercantile Trust Co.. >'. Y., and Allen Zollars, Ft. Wayne, Ind., are 
trustees of both. Interest on firsts to July 1, 1896, was canceled. 

F.tKXims. July 1 to Jan. :tl, 1896, (7 months) gross, Oi6,128; 
deflett under operating, 08 15; rrntals. 07.OOO ; total deficit, 7 months, 
Por 6 montlu. Jan. 1 to Junn 3O. 1895. gross, 033.502 ; deficit 
under operating expenses, 04,615. (V. 59, p. 835 ; V. 00, p. 656.) 

Fllrbbnrr RR. Owns from Boston. Mass., to Fltohbnrg, Mass., 5O 
miles: Greenfield to Troy, X. Y. 84 miles; Vermont to Rotterdam Junc- 
tion, 61 miles; Boston Barre A Gardner Kallroad, Worcester to Wln- 
ehendon, 36 miles; Booth Ashbnrnham, Mass., to Bellows Falls, Vt.. 
54 miles; branches. 93 miles; Monadnook Railroad. 16 miles; total 
owned. 804 miles; leases Vermont A Mass. RR. (which see), Fltohbnrg 
to Oreanfleld. 56 miles; other. Smiles; total leased. 61 mllmt: total 
Jane 30. 1896. 450 miles, of which 102 mlli-s double tracked. Extension 
Brookllne to Mllford, 7 miles, was opened NOT. 15, 1 - 

STOCK The State of Massachusetts owns 05,OOO,OOO of the common 
stock. The preferred stock Is entitled to 4 per cent dividend*, then 
and preferre 



preferred reoelTe dlTldends share and share alike. In 

year 1892-93 the preferred stock was lncrased from $16.4H.noo 
to 017.OOO.OOO. and In Oct., 1895. to $17,360.000 for consolidation. 
Exchange of common for preferred has been talked of. 

Ill vtMCiriM. 11887 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 
On preferred. (3 2O23>g44344 Below 

In 1897, January, 2 p. o. 

HI>M., F.rr. Vermont A Mass, guaranteed securities; see that roui 

ny. The debenture bonds were described In CHRONICLF. of June 1 
V. 6O, p. 907. On Juno 3O, 1890, there were outstnmllni; 



. . , . . , 

loans and hills payable amountlnir to *:!(M).(KKI. On Sept. o. 189(i. 
i bonds for *'2.7.'>O.OOO were authorized, to provide for 4>as due Sept. 1, 
$528,574 1897, and 6s due Oct. 1, 1897. Cheshire BR. bonds, 2. r )0,000, were 



INVESTORS' SUPPLEMENT 



|VOL. LXIV. 




JANUARY. 18V7.J 



EAILROAD STOCKS AND BONDS. 



Mrtber* will confer r*t fror by clvlnc IK 



edlale notice of mar error discovered In these Table*. 



RATLROAJDB. 


Mile* 
of 

Ml 


Date 
of 

!:!.!- 


8 f, e ' or Amonnt 
Value. Outetandlng 


INTEREST OR DIVIDENDS. 


.Bond-Prtnel 
pal When Dne 
Stotkt Last 
Dividend. 


For explanation of column hearting*, Ac., *ee note* 
on flnt page of tables. 


Rate pw 

Cent. 


When 
Payable 


Where Payable, and by 
Whom. 






1889 

1--7 
1--7 

l-"l 

'-I '-7 
1890 
1893 
1894 
18954 
I-'..' 
1-71 
1878 


$ . 


$750,000 

5,000,000 
2.25O.OOO 
500,000 
2,500,000 
500,000 
1,932,000 
500.000 
1.859.000 


31 *iV 

5 

4 
4 
4-5 
4* 

4 
7 
6 
5 

See text. 

8 
(? 

7 8 ' 

i* 

h 

5 g. 
5g. 
5 g. 

:ii v i .-. 
7 

6 
6 


H. A 8. 
V. A A. 
M. A 8. 
J. A D. 

Varloiu 
J. A D. 

-.in: -.11, 
M. A N. 
Seml-an 

J."A"J. 

J. A J. 
J. A D. 
F. A A. 
J. A J. 
A. A 0. 
H. A N. 
A. A O. 
A. A O. 
M. A N. 
J. A J. 
J. A J. 
J. A J. 
J. A J. 
A. A 0. 
J. A J. 
J. A J. 
A. A O. 
J. A J. 
A. A 0. 


Boston, Office. 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
Barton, Fltchburg RR. 
do do 
East Sag., Mich.. Trea. 
N. Y., Merchants' N.Bk. 
N. Y., Mer. Ex. Sat. Bk. 
do do 
do do 
do do 
Boston. Intern'l Tr. Co. 
N. Y., Mereant Tr. Co. 
N. Y., Ouar. Trust Co. 
do do 
do do 
Merc.Tr.A Dep.Co.Balt, 
New York City. 
N.Y.,Inip.ATra.Nt.Bk. 
do do 


Men. 1, 1899 
Feb. 1, 1937 
Sept. 1, 1897 
June 1, IHOO 
1904-5-7 
June 1, 192O 
Various, 1903 
May 1, 1914 
1915 A 1916 
1927 
July 1, 1924. 
July 1, 1898 
Deo. 1. 1911 
See text. 
Jan. 1, 1901 
Oct. 1, 192* 
May 1, 1939 
Oct. 1, 1899 
Apr. 1, 1939 
Nov. 1, 1897 
Jan. 1, 1934 
July 1, 1918 
Jan. 1, 1930 
Jan. 1, 1943 
Apr. 1, 1941 
Jan. 1, 1945. 
July 1. 1900 
Apr. 1. 1921 
1913 
Oct. 1. 1922 


Bond* to State ot Mas*. (34 p. c. Int. till Feb.. '97 1 
Bon.U c*r 


.... 




i.OOO 
1,000 

1,000 

1,000 
1,000 






Bond* <f 1,300,666 due 1907, Interest A. AO).... 


.... 






C ,. ,f,' 










Bond*! (2 75O 000 






Troy A Borton Irtntort. (V 53, p. 405) 


89 


i.ooo 

500 Ac. 


,77.000 
r.50.000 
100.000 

6,342,000 

1,000.000 
3.999.000 
2.100.000 
104,000 
3.125,000 
40,000 
1.000.000 
3,000,000 
423.000 
4,372.000 

J ..;;.!. ,KMI 

^341,000 
300,000 
200,000 
50,000 
350.000 
436.132 
2,291,416 
8.176.000 


Ch*hlr* RR plain bond* o' 






/!. 4 Arc Jfor.-Pf. tk., non-en(for6.SOO,OOO) . . 
Hollr Wayne A Monroe let mortgage, aunmed c 
Flint A Pere Marqtte mortgage 0* of 193O. gold.c 
ConaoL M..(for ilO.000.OOOt 3O.OOO p. m., g.e- 
Port Huron A Northwestern l.t mortgag* e 
F. AP. M. 1MM. Port H. IWv. (3.5OO 0*)) jcoid-O- 
Kqulpmt bond*, 940.000 doe annnail/ Nor. 1 .e* 
riortntr* Ort>;7v*-l.tM..1.000.<>00.oW- 1 
florfcta CmfraTrf rV.-l*t M. 85.226 p. m. gold.c' 
M H. <l*t OB ert.. M mile*) 9Y326 per m.. gold.e* 
COB*oLnx>rt..87.800,000(10.000p.m.),cold..e- 
Booth Bound lilt M gold Int. rental. ...e* 


"05 

J-l 
395 
216 
235 

"40 

575 

,..,.; 
7-i 
130 
249 
10 
M 
4 

"M 

08 
455 


1871 

1--,, 
1889 
1-7:. 
1889 
1--7 
1894 
1888 
1890 
1893 
l-.M 
1895 
1-7." 
I--! 
189B 

38 

1881 


100 

1,000 
1,000 
1.000 


1.000 
1,000 


1,000 
1.000 
1.000 
I.OOO 

!..KK, 

100 Ac. 
100 Ac. 




H*ifJt*H*own40tu*>niU lstM.,.f..notdm.e- 
COM. M. for 500.000 (83OO.OOO re*'d f or 1st M.)c 
Johnstown O A Klngslmro lit M., ***umed 


CnyaduttaEleo. 1st M..gii..p.*l..by K.J.ACl.RR.,ir 
Jbrl Wa*< rf Ja*Jt*of Common stock 


I.OOO 
100 
100 
I.OOO 


New York. 


~ Pref stock IS p. e.), 5>* P e. rental Lake Shore. . . 
fbrf Wort*. 4 Dm*. Ctt-I*t M..g.,818.OOOp. Bte' 


5 Hi p. an. 

4 (ft g. 


If . A 8. 

J. A D. 


N. Y.. Farm. L. A IT. Co. 
AkU.P.Of.,36Wall.NY 


Sept. 1, 189 
Deo. 1, 1921 



paid when due. July 1. 1890. A 89OO.OOO H. T. D. A K. Co. 4U p. c- 
BOto falling doe April 5. 1890. wa* extended to Apr. 1, -97. 

EA*[o.-From Jan. 1 to Nov. 30,1890(11 month*). gro*, *6.743, 
687. against .;.783,33 In 1899. 

AXVDAL RBFOBT. Fl*oal year and* June 30. Th* annual report for 
189V96 was In CH*otcL V. 63. p. 436. In 1804-09 wa* Included In 
net earning* and dividend, paid 8143.349 dividend* on treasury took: 
this year's nicurrs da not Include these dividends. 

r<arnrfm/tt>M30. 1884 1893. : - i 18M 

Total mile* operated 488 i - ' 4V) 

Total gTOM earnings 7.006.709 87.237,724 O.SOS.IM $7.707.298 

Op. expense, and tax*i:: 5711870 S.2O2.4t0 9.038169 9.768.473 
WofoMmtao 01>94.Hf82.035;298i:820:980i:938330 

Rental*. 
lateraotOB 



Mi 

Bs'uiee, orpin* 

- <V. 03. p. 3*3. C 

rilaiA Per* 

Monroe to Ludlngton. 

Port Huron to " 
L ID 

do toBi 



290.980 8264.940 

1.001.310 1.014.084 

p7* 7.891 

999,090 681.807 



59,333 
902.000 



21.639 
608.138 




31.653 



.... 87.081 846.978 915.390 
V. 08. p. 330. 339. 4*0. 459. 0O1. 838.) 
4WJf.; SyrtooalBetade*: 

Palm to Ortadstono. etc, 40 

,w.. 90 ' Moaroe to Alexl* (Me below) . 19 

Iti. 84 I Total owned 054 

70 I Trackage. Ietrblt. etc 13 

Temporary branches 133 

1471 So*r* and siding* 173 

Moaroe. Mle*.. to Alaxls. O.,U>. 18*4 miioi'wa* 
1*90 ; fro** Alexis th* Ann Arbor track* are to 



VMVMVWH \jmmiu9* , 

b* need lato Toledo. 5 mile*; (V. . 

TkeeompaayaUoowa* 4*UaaM>n Taloed at 84 1 3^64. running from 
Lodlacton axi ManUM* to Milwaukee, etc. By I U ferry aerow Lake 
Mklil<a In Manltowoc. wbrre >oaeotlo u mad* with the Wlaoon- 

o RR.). the Flint A Pere Mar- 
Paid to tidewater, opened In 

. 



ta Central OMwanke* * Late 

aaettr rorm. pert r .hen line from M. 

J&nnAT~~ " * v * * " - - " ^^ ! ^ 



1897 -He* V. 03. p. 499.090.019. 
IUATK>. rfocuiuTiE*, KTC. A r*ttrn*uaa**M 
A*c*st 1*. 1880. U 1890 rticrtit Port Haroo. A Ho 



iw.eura.eto. 




'AT *91 

5 13 0% 3t 

. Hllim mMifftgaff of 193* U mrat mortae 

* of main aad krtmtti line track*. Tnvtoa Central Triut 



par, 100. 
*93 *93 none 
4% 3 alnoe. 



Pon Huron DtvMoa mortgage I* for 8J.SOO.OOO. of whleh$125.OOO 
tar $104.000 P. H. A N. W. 7*. On J*n. 1. 1890, there were 
Ing Mil* payable for 8S53.44*. Land grant wa* 513.0OO aero*. 
MV080 aero* BB**M JanT 1. 1880. 



LATEST EABXUKM. Jan. 1 to Nov. 30 (1 1 month*). 

11 mmt*0- tlrat*. Inltntt.tU. BaJaitft. 

1880 83.302.953 OO3.808 SA4.2OS sur.$39.658 

1806 ..J90.513 P*CMi 900.090 sur.30.9WJ 
AirerAL RkroKT. Roport for 1806 wa* IB V. 63, p. 819, showing: 
r*arM0M.31. 180ft. :-. UM : -- 
Total gros* earning*.. 2.5<>!>.705 S,8O3^83 3.739.238 82.880.71B 
n-g* oror tax'* t2.2OO $44.OS7 058.184 861.901 
610.244 611.121 005.161 6O7.943 
(4)253.080 



Bal.foryear .......... 831.951 Mr.830.910 *ir.f3.O23 or. *S38 

- earnlao laelnde *KMMn<hlp earning* of lin.'iM In 1491. 
1 In 1898. 809.708 In 182.-<V. 82. p. 8 1 9. WO; V. 63. p. 652.) 




RB. 



(5ABBOWOAOOE>. Own* road 

O mile*. Opened rept. 1. 1894. 

BnniN areauihorlwl *t 1125,000 

I* tmteeof mortcagn- Fueal 

. 937^741 net, 381.796; 

- - 



line. 24 mile* ; braoab 1 
TW Atlantic Coact Uae own. all th 
In l2-93. 10.i)00: In 1193-94. 
1886 >6, 85O.OOO. Current llai.lliti 
Tear ending June X 

~ 




' ,1 :;: - M 

. 8. C.. to North Carolina State 
I miles: total, 45 miles. 
OO.OOO capital .took, l/icxlrtvli 
$38,000; In 
0*80. 1896, $11.955. 
96. gross. $170.743; net. 899.- 
llrlMBil. SO.OOO; bal., surplus, 

net, $75.083. 

Onlrml A Peninsular KM. From Colombia, H. r., via 
JaokMBTUKFte.. Tampa. Cedar Key*, ote-T* lo , mles; 
M to Savannah 136 mils*. I* South Bound RR. 
lITBiBllllllB of the Florida Railway A Navigation Co.. 
liri*llial to 1888. V. 46. p. 289. South Bound 
for 99 y*on from Oct. 1, 1893; It* entire capital stook 
wa* *aba*jnntly purchased. 

took I* 83O.000.000. par $loo-. preferred, 4 per 
(with praforenee a* to both principal and accumulated 



dividends], 84 .5OO.OOO. Preferred 1* exchangeable for any subsequent 
4 per eent mortgage. 
BOXD*. June SO, 1X95. funded debt wa* 87.795,000: car and loco- 



motlre track*. $161. 151: do. South Bound. 851.887: note* payable, 880.- 
000. Under the consolidated mortgage for |17,8OO.OOO (Trustee. New 
York Onaraaty A Indemnity Co.) .ufflclcnt bonds were reserved to 
retire the prior bond* at maturity. A rent 
num oa South Bound bond* U undertaken. 
Co. of Baltimore I* trustee of South Bound mortgage. 
LATerr BAB*!***. For calendar year 1896 



A rental equal to 5 per cent net an- 
Mercantile trust A Deposit 



calendar year 1896 gross, 2,002,885,, 
agalut 1396,464 In 1899. 

A*XOAL Ritrorr Fiscal year ends June 3O. Report for 1R95-96 wa* 
In V. 64. p. 79, showing brross OB Florida Central proper (804 mlle*> 

1.764.H23: net. 8491.401 : Interest, taxmi. etc.. 473,970; balance, 
.iirplus, 817,491. On South Bound KK. (136 mile* leaned) gTOM, 83OO,- 
86: def. nder operating. 815,725: charge*. C113.65O; balance. def.. 

129.375: total def. entire road. 111.884. In 1894-95. irrM. entire 
road, 3472,148; net. 8981,830: turplu* over charge* (entire roscl), 
3^77. (V. 62. p. 13*; V. 64, p. 79) 



Florida i;.i i ! Ry. Owns from Jacksonville, Fla., via 
t. Augustine, to Miami. 366 mile*; branches to Palatka, San Mateo- 
andToool, 19 mile*: Atlantic A Western, Blue Springs to New Smyrna. 
Fla.. 38 miles-total 418 mile*. A consolidation of several roads ID 
1893 Into th* Jacksonville St. Augustine A Indian River, and name 
ensured IB 1895. Road la owned by Henry M. Flaglcr. President. 26 
Broadway. New York. Old bond* canceled. (V. 61 , p. 11 .' 1 7<i i 

Florida nidland K K.- Klsslmmee to Longwood. Fla.. 44 miles' 
Snooeasor In Sept., 1896, tu Florida Midland Ky.. which was mild la 
foreclnaar* Mar. 4. 1890. to M. K. Bishop, of Orland. Fla. (see V. 63, p. 
357), who now operate* the road. <V. 03. p. 337. 458.) 

Florida <AnIhern KH. ("Sse Itap Savanna* Florida * Wtttern.t 
-Own* from Palatka. Fla., to BrooksvlUe, Fla., 145 miles: Bartow to 
1'iinta Uorda.75 miles; branches. 2; total. 248 miles. In January. 
1890. th* St. Johns A Lake Eustls Ry.. 47 miles, was purchased In ttin 
Interest of toe njr.tcm. The road Is now part of the Plant system and 
the bond* are guaranteed, principal and Interest (endorsed see guar- 
anty In V. 62. p. <(>. by the Savannah Florida A Western. The bonds 
carry Interest at 34 per oent until Jan. 1. 19OO, and thereafter 4 per 
oent; tru.tee, American Loan A Trust Co., Boston. President, F. Q. 
Brown, Boston. (V. 62. p. 84, 683 ; V. 63. p. 163.) 

Port Wayne A Jackson. Own* from Jackson. Mich., to Fort 
Wayne, tad.. 94 mile*. On August 24. 1882, leased perpetually to 
Lake Shore A Michigan Southern at a rental of 126.027. equal to 5% 
per oent on the preferred *toeh (*e* V. 56. p. 812), and after 1887 any 
net earning* over 8 per oent ou preferred nock to be paid a* dividend* 
on common stock, but not exceeding 2 per oent a year. In 1894 B ros* 
179.379. against $194.543 In 1893 snd 8234.853 In 1892. 

Port Worth A Denrer City By. Owns fort Worth. Tex., to 
Texllne, 495 a., and operates Pan Handle Ry., 16 in., owning Its stock. 

8TOCK. ETC. -C. P. Denver A Half own* 87.766.OOO of the $9.375 . 
OOO common toek; par. $1OO. New 4 per oent preferred stock Issued 
In readjustment of 1890 1* 82,930.912. bearlnic Interest, If earned. J. A 
D. floe terms, V. 03, p. 106J. On Nor. 1, 1896, the receiver wa* dl- 
charged. 

Bom*. IB tb readlu.tment of 1890-98 per cent of the 1st 6* agreed 

(1) to reduce Interest to 4 per oent for rive years from Deo. 1, 1895: 

(2) to take $312 stock for five overdue coupon* anil the 2 p. o. deferred 
Interest. Coupon, due June 1 and Deo. 1,1896 (with Interest reduced), 
were paid In Dec.. 1 "96. See plan V. 63. p. 75. The "stamped bondn" 
were described in V. 63, p. loi.. Abstract of mortgage (Mercantile 
Trust Co.. Triutoe) V. 46. p. 440. 

LATEST K%B*ifi>4. 11 mo... ( 189.. Gross. $flO.7R3: net, $2O7,A43 

Jan. 1 Ui Nov. 3O. J 1895. .Orou, 981.941; net, 226.103 

From reorganization circular July, 1890, la V. 63. p. 75: 

it ' . 1894. l-'i:i. 

Oross earning* $1,O86,7O2 $1,335,879 $1,498,731 

Net overtaxes 2OH.778 287,478 3'J'J,94o^ 

other Income 9382 2,938 1.02O 

President. O. M. Il<e. N. Y. (V. 63, p. 1063; V. 64, p. 82.) 

Port Worth A Klo <irande. Owns from Fort Worth. Tex., to 
Brownwood. about 146 miles: completed In August, 1891. Kortcajn 
trutoe I* Central Trust Co.. New York. Stock ootstaadlnc. 3.1O4,1OO; 
par,8100; and loans and bills payable Oct. 31, 1806, $198.602. 

LATEST EASIKO. 10 mo*.. > 1896... Jros.,$22,.'i08; net. 85,040 
Jan. I Ui Oct. :il. (1895... Gross, aoi.iiiiS; net, 101.O92 

tnyear 1895 gross, $110,773; net. $154,339. For year ending June 
3O, 1890, gross, 8387,127; net, $145,762: other Income, 899,040! 
charge*, $177,112; balanoe, surplus. $2O.fl!M>. In 1 Hi) -'.):. gross, 
$452,196; net.$195,8O6.-(V. 52. p. HI, 351, 642; V. Go, p. I HO., 

Pulton i -on my Narroir aoK Ry. R iad from llavann. III., 
M Falrvlew, III. ,31 mile*; leases (for 30 p. o. of in-oni earning*) Fulton 
County KxtenMon Ry., Falrvlew to Galenburg, III., 30 inline ; total op- 
eratnl. 61 miles. Road opened 188O. Oanltal stock of Fulton County 
Ky., $6341,794. The Extension Ry. has capital of $2(IO,90O. 

For year ending June 30, 1895, grog*, $44,336; net 
$2,135; Int., taxes, etc., $J'),736; b*l. deficit for year, $.11,1:01 . 



INVESTORS' SUPPLEMENT. 



[ "OL. LX1V. 



MI h., rlh.-r. will . oiifi-r S r.-i fmror bf alvliiir Hn mediate notice of any error dlacovore In thee Table*. 



RAILROADS. 


Miles 
of 
Rood. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INT 


BREST OR DIVIDENDS. 


Hands Princi- 
pal, When Due . 

Stocks Last 
Dividend. 


For explanation of column headings, Ac-, see note* 

Oil llr-t |>:ll!l' Of t.lMr-. 


Rate 
Per cent. 


When 
Payable 


Where Payable, and by 
Whom. 


forl Worth * VtHttr O/y-(Cof'rf/) 
Equipment bonds (owned by Union Pacific Ry.) o 


"is 

146 


1889 

1SS1I 

1888 

1881 

1KS2 

1881 
1883 

1--U 

'71-'80 

1~-0 

ism 

1HH1 

1883 


$1,000 

l.O(H) 

1,000 


$160,000 
225,000 
2,923,000 
171,000 
313,000 
245,000 
75,000 
40,000 
4,750,000 
1,000,000 
13,418,000 
6,354,000 
2,000,000 
250,000 
150,000 
See text. 
536,000 
3,652,500 
2,650.000 
2,012,000 
3,096,000 
400,000 
5,360,000 
1,650,000 

4,200,000 
1,000,000 
1,000.000 
300.000 
200,000 


5 
5 

! 

7 
7 
7 
6 

s 

i g - 

5 
6 
5 


M. A 8. 
J. & J. 
J. & J. 
M. & N. 
J. & J. 
J. <t J. 
J. & J. 
J. & J. 
F. & A. 
J. & D. 
M. & N. 
J. & J. 
A. & O. 


Sept., '96, coup, was pd. 


Mch. 1, 1899 
July 1, 1929 
July 1, 1928 
Nov. 1, 1910 
July 1, 1912 
1911 
1 908 
1910 
Feb. 1, 1910 
June 1, 1905 
May 1, 1931 
July 1, 1931 
Apr. 1. 1913 


Fnrt Worth * Ku> Or. Ifi M.. gold, $20,000 p. tn.o- 


N.Y., H.B.Hollina A Co. 










Oalnemlle Jefeno* J Jfe.-Ut M. ($161,500 end.). 
"! mortgage ($75 OOO end ) 


55 
55 
10 

225 
671 
671 
50 


500 Ac. 
1,000 
1,000 
1,000 

1,000 

1,000 
1,000 
1,000 


See text. 
See text. 
Ga. RR. & Banking Co. 
N.Y.,8o.Pae.Co.,&Bost. 
do do 
N.Y.,8o.Pao.Co.,23 B'rd 




Oalrftion llnrrab. <t H. Antonio 1st M.,g.,laml gr.o* 
Jd inorUMi:!'. Harrish. and Houston to San Ant.o* 
We*UL)lv. lstM.,g.,8anA.toElPaso,636m.<tbr.c; 


fiilrrtltin Hoiulnn .* Wi<*. of 1882 1st M.,iruar. .0 
Onlr. La J'orte <t HOMI. Receiver's certs, (see text) 


N. Y., Merc. Trust Co. 




1894 


1,000 


















1879 

1895 
1895 




6 


A. & O. 


N.Y Am.CoalCo..lB'y 
Balto., MarylandTr.Co. 
do do 
N. Y., Cont'l Trust Co. 
do do 
New York. 
N.Y.,Brown Bro.& Bait. 
N.Y., J. P.Morgan &Co. 

N.Y.,Am.Ex. B'k & Aug. 
do do 
do do 
N.Y.,Am. Ex.Bk.&Aug. 
do do 


Oct. 1, 1909 


(inrgia c* Alabama Common stock $15.000 p. ni. 
Pref. utock. (1 per cent, non-dim., $10,OOO p. m.. 
Ut M.,pref.,$6.500 p.m..g.,red.atll05 aft. 5 yrs.c* 
1H niort, consol., $10,000.000, gold (See text).c* 


376 
376 


100 

100 

1,000 

1,000 








5 g - 

5 g- 

"~5"g. 
3 g. 

See text. 
6 
6 
6 
5 


A. & O. 
J. & J. 

J.' & "j. 
A. & O. 

Q.-J. 
J. & J. 
J. & J. 
J. &, J. 
J. & J. 


Oct. 1, 1945 
Oct. 1, 1945 
1897 to 1903 
July 1. 1929 
1946 

J'n.15,'97,2%* 
July 1, 1897 
Jan. 1, 1910 
Jan. 1, 1922 
Jan. 1, 1922 


Otorgia Carolina <t Kor. lntM., cold, giiar.p.Ari .e' 
Oforyia MUU"d Kv. 1st M.,g., $1,650,000, Int.gu. 
Otorgia I'aeiflfSr.r. SOUTIIKUN RAILWAY COMPA 
Otorffia Railroad rf Ranking Co. Stock 


268 
98 
NT. 
307 


1889 
1896 

1877 

1HKO 
1MH2 
1887 


1,000 

1,000 

100 
1,000 

1,000 

1,000 
1,000 





















i..i I n.'-i 1 1 li- .1 i-ii.- r... ii Sc Southern RR. (Narrow Gauge.) I 
Road from Gainesville to Social Circle, Ga., 52 miles; Belmont 
to Jefferson, 13 milts; total, 65 miles. Operated in connection with 
the Georgia RR, * Banking Co. Stock la $242,687 common: $17,650 
preferred: par, $50. Of the firsts, $161,500, andof the 2ds, $75,000,are 
endorsed by the Georgia RR., lessee. Interest on endorsed bonds and 
on Walton RR. bomls Is paid regularly (to Oct., 1896) but no interest 
on nnendorsed bonds has been paid since July 1, 1895. For year end- 
Ing June 30. 1896, gross, $40,442; net, $2,661; Interest, $21,877; bal- 
ance, delloit for year, $19.216 advanced by Georgia RR., lessee. In 
1894-95. gross, $42.166; deflcit under operating, $1,392. Total deficit 
June 30, 1896, $322,713. 

Galretlon Harrlnburg ic San Antonio. (See Map Southern 
Pacific.) Owu Houston, Tex., to San Antonio, Tex., 217 m.; San An- 
tonio to Rio Gr. River, 636 m.; br'oh's, 72 m.; leases 12 m.; total, 937m. 

ORGANIZATION, STOCK, ETC. Operated by the Southern Pacific Com- 
pany, which owns $27,005,600 of the $27,093,012 stock (par, $100). 

BONDS. First mortgage has a sinking fund of 1 per cent, but 
It is optional wlf> bondholders to surrender their bonds if drawn. 
In 1893 holders of Western Dlv. 2ds agreed to cancel claims for ac- 
crued interest and that interest on these bonds should be paid only if 
earned and should be non-cumulative. V. 58, p. 719. Loans and bills 
payable June 30, 1895, $3,142,521. and the balance of current liabili- 
ties over current assets was $4,851,505. 

EARNINGS. 11 months, ) 1896, gross, $4,643,188 ; net, $1,656,928. 
Jan. 1 to Nov. 30. \ 1895, gross, 4,358,467 ; net, 1,407,268. 

In year 1894 gross, $4.293,714 ; net, $1,283,959. In year 1895 gross, 
$4,798,125; net, 1,597,413; receipts from trackage, etc., $72,654; 
total net Income. $1,670.067; charges, taxes, etc., $1,277,411; sur- 
plus from operations, $392,656. (V. 62, p. 456.) 

Gal veil to 11 Houston*: Henderson of 1882. Owns from Gal- 
veston. Texas, to Houston, Texas, 50 miles. 

ORGANIZATION. In December, 1895, a new contract was made by 
which the M. K. & T. and the International & Great North, use jointly 
the road between Galveston and Houston. Contract provides for 
payment to mortgage trustee of $100,000 yearly by the two companies 
to meet Interest on G. H. & H. bonds and an additional rental of 
84.0OO per annum far dividends or other purposes see V. 61, p. 
1O64; V. 63. p. 697. M. K. & T. and International & Great Northern 
eachown 4.9U9 shares of G. II. & H. stock see V. 61, p. 1013. Stock, 
$1,000,000; par,$100. For year ending June 30. 1895, gross, $636,676; 
163,942 ; other income, $27; charges, $111,672 ; balance surplus, 
$52,297. In 1893-94, gross, $403,228 ; net, $60,842. (V. 63, p. 87.) 

Galveston La Porte & Houston Ry. Owns road formally 
opened in Julv, 1896. from Houston, Texas, via La Porte, to Gal- 
restou. 56 miles ; belt line at Galveston. 13 miles. 

RECEIVERSHIP. T. W. House and N. T. Jones, of Fouston. Texas, 
were appointed receivers in January, 1896, and the road finished by 
the ad of receivers' certificates, of which $250,000 were authorized 

'i inA^l 8 I 6 ,' J " ?R!:v 1896 ' Property in La Porte was purchased for 
110,000; it is said $27.500 receiver's certificates, $71,500 in notes, and 
$11,OOO cash would be paid. iV. 63, p 116.) 



f*, e ?T Kft " Cr ek * Cumberland RR.Owns'road from junction 
with ft . \ u. Central Ry. at Cumberland, Md.. to New Detmold mine at 




to 



Georgia Carolina <k Northern. Owns road from Monroe N C , 
Atlanta Unman Park), Ga., 266 miles; completed In April' 1892 
Dgs to "Seaboard" system, and bonds guaranteed (by indorsement 
, h >on i' hy 'os* 8 8 - Seaboard & Roanbke and Raleigh & Gaston 
nSE. J* sro n l 1 e Trust * Safe Deposit Co. of Baltimore is trustee 
m ? rt J???i.? ee A"- 9 ^-- V. 49, p. 239. Stock authorized, $1,000,- 




. 1S96, gross, $787,105; 'net. *26 822 
.gross, $648.247; deficit under operating, $119,524. 



In 



of which It owns 
owns Abbe 
88 mlli (ol 
ar.v :. 1897 
petuity (begl 



tup.) Operates the shortest 
, to Savannah, Ga., 340 miles. 




V. 61, p. 470; see also V (!' nBO2 As to 
8, of Central of '&5$? fine and 5 termlna 
The Abbeville dt Wayoross was merged In AUK 1890 
;Kr" mortgage preferetue 5 per cent 50- year gold bonds 
are for *4,OOO,O()0, and are not to exceed S8.500 nor mile of main li 
of completed road; $4,278.000 are reserved for new mileage 



The first mortgage consolidated 5s are limited to $9,000 per mile of 
road, with $6,500 additional per mile to be held by the trustee for sole 
purpose of retiring the first mortgage preference 5s after live years at 
105 and accrued interest. Interest on the comols during the first five 
years of their life may be met by the issue of 6 per cent 10 year certifi- 
cates of indebtedness, redeemable at the pleasure of the company at 
any six-mouths' Interest period ; coupons of July, 1896, were paid in 
cash. V. 63, p. 29. 

GENERAL FINANCES. In April, 1896, the company held in its 
treasury on present mileage, $283,000 first preference bonds (addi- 
tional to the $1,440,000 in table above) and $322,500 common stock ; 
besides a cash reserve for future improvements. Also owns entire 
issue of stock and bonds of Abbeyville & Waycross RR. The Colum- 
bus Southern Ry. (88 miles) was consolidated with O. & A. January 1, 
1897. G. & A. preference bonds, $572,000 (at $6,500 per mile), and 
consols, $792,000 (at $9,000 per mile), were issued on the property, 
but some of these were turned into the G. & A. treasury a9 treasury 
assets see V. 64, p. 82. 

EARNINGS. 6 mouths, > 1896, gross, $525,193 ; net, $179,806. 
July 1 to Dec. 31. $ 1895, gross, 279,818: net, 71.489. 

For year ending June 30, 1896. gross, $626,125; net, $167,241. In 
1894-95 gross, $477,035; net. $62,989. 

President, John Skelton Williams, Richmond, Va. (V. 63, p. 29, 310, 
652, 1062 ; V. 64, p. 82.) 

Georgia midland Ry. O wns road from Columbus to McDonough, 
Ga., 98 miles. Successor April 1, 1896, of the Georgia Midland & Gulf 
RR., sold in foreclosure Feb. 1. Leased from July 1, 1896, for 99 years 
to the Southern Ry. for $49,500 annual rental (being Interest on the 
first mortgage bonds) and rental obligations to Georgia Midland Ter- 
minal Co. to the amount of $2,500. Capital stock Is $1,000,000. owned 
by Southern Ry. Co. (V. 62, p. 1177.) Car trusts on July 1, 1896, 
$9,576. Interest on new bonds accrues from Oct. 1, 1896. 

EARNINGS. In year ending June 30, 1896, gross, $164,305; net, 
$27,321. In 1894-5, gross, $148,741; net, $17,026. N. D. Lancaster, 
Secretary, 10 Wall St., New York.-(V. 60, p. 1058 ; V. 62, p. 138, 277, 
1177; V. 63, -0.361.) 

Georgia Fuel Bo. See SOUTHERN RAILWAY COMPANY. 

Georgia Railroad & Banking Company. Owns from 
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington 
and Athens, 58 miles; Maoon & Augusta RR. (proprietary road), Camak, 
Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles. 

ORGANIZATION. Owns also one-half the stock of the Western Railway 
of Alabama (the Central of Georgia Railway owning the other half), 
and has a one-fifth interest in the Port Royal & Augusta and a thirty- 
five one-hundredths interest in the Atlanta & West Point (which see). 
Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,- 
000 first mortgage 4^ per cents of Western Railway of Alabama. 

In April, 1881, the railroad (307 miles) and its interest in the other 
railroad companies were leased for 99 years to W. M. Wadley and 
associates, for the Central of Georgia and the Louisville & Nashville, at 
$600,000 per year. The reorganized Central of Georgia Ry.'s rela 
tions with the Georgia RR. had not been defined to December, 1896. 

Deo. 31, 1892, the banking department was turned over to the "Geor- 
gia Railroad Bank," a separate corporation, a majority [$198,200] of 
whose stock is held by the Georgia RR. & Banking Co. 

DIVIDENDS since 1880 In 1881, 9>fl per cent: in 1882, 10H; from 
1883 to 1887, 10; in 1888, 10%; from 1889 to Jan., 1897, both 
inclusive, at rate of 11 per cent per annum (23t per cent quarterly). 

COMPANY'S REPORT. In year ending March 31, 1895, rental, etc., 
was $600,000; dividend from bank, etc., $11,947; total, $611,947; 
Interest, $148,000; dividends paid (11 percent), $462,000. 

EARNINGS. 307 miles, > 1896 Gross, $714,742 ; net, $258,060. 

July 1 to Nov. 30. J 1895.... Gross, 626,745; net, 221,591. 

Including other income, net (1896), $289,436, against $252,967 
Earnings of railroad for year ending June 30, 1896, gross, $1,479,792 i 
net, $431,120; dividends received, $92,752 ; total income, $523,872 ; 
rental to Ga. RR. & B. Co., $600,000. In 1894-95 gross, $1,307,638 ; 
net, $320.274; total net, including other income, $413,026. (V. 59, 
p. 11 02; V. 60, p. 1144; V. 63, p, 28.) 

Georgia Southern & Florida Ry. (See Map of Southern Ry.) 
Owns from Macon, Ga., to Palatka. Fla.. 285 miles. 

HISTORY. A reorganization of the Georgia S. & F. Railroad, sold in 
foreclosure April 2, *95. (Per plan iuV. 60, p. 928; see also V. 59, p. 551. 

STOCK. Oommon, $1,000,000; 1st pref. 5 p. c., $684,000, having a 
Hen on the property; 2d pref., 5 p. o., $l,08,OuO. Issued to March, 
1896, common. $684,000; 1st preferred, $684,OOO; 2d preferred, $684.. 
000. Southern Ry. owns 12,270 shares of stock and Edwards & Par- 
sons, of Boston.. 7,160 shares. V. 63, p. 29. A dividend of 4 p. o. on 
1st preferred was paid Nov. 1, 1896. 

BONDS. Abstract of 1st mortgage of 1895 was in V. 61, p. 429. Tho 
mortgage is for $4.000,000 and covers all of the propertv and franchises 
and provides also that the $684,000 first preferred stork authorized 
shall constitute a lien upon the same second only to the bonds and 
coupons. Mortgage trustee is Mercantile Trust & Deposit Co. of Balti- 
more. On July 1, 1896, $3,584,000 firsts were outstanding, the bal- 



JA.MABY. 1897.] 



KAILKOAD STOCKS AJSD BO-NUS. 



61 



i ^^K 

^vSY'S;-. N 



fW,5 u 

^S ^^ 




INVESTOKS' SUPPLEMENT. 



| VOL. LXIV. 















RAILROADS 

For explanation of column headings, Ac., see note* 
on tint page of tables. 


Mll,- 
Of 

Road. 


Date 
of 

Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


pal, When Doe. 
Stocks Last 
Dividend. 




285 
"35 


1895 

1882 
1891 

l.SSM-9 

1892 
1869 

1869 
1891 
IH'.Mi 
1896 

1*892 

1879 
1879 

18SO 
1883 
1887 
1890 

1XS2 

1SS7 
1888 


$1,000 

1,000 

1, (II III 

1,000 


$3,584,000 
100,000 
250,000 
215,000 
246,500 
300,000 
5,506,700 
1,367,000 

I 49,000 

3,959,000 
3,962,OOO 
Oct.'9G none 
25,OOO,OOO 
15,000,000 
20,000,000 
358,400 
8,000,000 
5,676.000 
33,607,000 
7,805,000 
3,000,000 
$2,800,000 
4,700,000 
8,700,000 
3,625,000 
500,000 


6 
5 A6 
6 
5g. 


J. & J. 
A. A 0. 
A. A O. 

Various 

J.'A'D. 


Balt.M.T.AD.Co.AN.Y. 
Phlla., P. & H. office, 
do do 
do do 


July 1, 1945 
1898 
1914 
Oct. 1, 1929 
1928-29 
June 1, 1942 


MMtttfv 4 Horritft.-8o.Mt. UtM.,guar.by P. A R. 
OettyibV A H. lit M., old Issue, gu. by P. A R.. . 
Ooi. M. $5*8,000. g., gu. p.* 1. (end.)by Ph. A R.O' 


feZ^r^^rACtarrpi/cAte-lit M., gold. iru. p.A i.c 


13 

335 
335 
335 
335 

624 
624 
1,221 
2,533 
420 
819 

"72 
256 
205 


1,000 
100 

1,000 
1,000 

1.000 

1,000 
1,000 

"ioo 

1,000 
100 
100 Ac. 

1,000 

1,000 
1,000 

l.OOOA-t 
100 Ac 

*1,0()0 

UKKKVc 

1.000 
1,000 


N.Y.,Gr'd Cent.8tatlon. 


rand Rapid* 4 Jnaiana fly-Stock, $6,OO(V&OO.o- 
lit M.. land grant, g., s. f. (guar. by Pa.BR.)..o 


7 g. 
5 7g. 

* !,*' 
4kg. 

2to4g. 

5 per an. 
4 g. 
6 per an. 
7 g. 
6 g. 

4k A ig. 

if: 

5A6g. 
5 g. 
5A6g. 
5g. 
5 g. 


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

Q.' F. 
M. A 8. 
Q. F. 
J. A J. 
A. A O. 
M. A N. 
J. A J. 
J. A D. 
J. A J. 
J. A J. 
A. A O. 
J. A J. 
J. A D 
J. A J. 


N. Y., Winslow, L. A Co. 
do do 
do do 
do do 
Philadelphia, Pa. 

N. Y. Offlce,'27 Pine St. 
do do 
do do 
New York and London, 
do do 
New York, 27 Pine Bt. 
do do 
do do 
N. Y. A Lon., Baring Bros 
New York, 27 Pine St. 
N.Y.27Pine; Bos.,Lee,H 
New York, 27 Pine St. 
do do 
do do 


Oct. 1, 1899 
Oct. 1, 1899 
Oct. 1, 1899 
July 1, 1941 
Oct. 1, 1936 


1st mortgage, gold, no lien on land grant. o 
lit mort., extaodeoVgold, guar. by Pa. RR o 
3d mortgage, $5 000,000, gold (see text) o 
Onaft Pt.Trr.Rv.l*t M., $500,OOO <V.3,p.30) .0* 
VI. Xorthrm Stock, pref. (no com. stock Issued). 
Collat. Tr. mort., red. at 100 on 3 months, gold.c 
Bt. Paul Minn. A Man. Stock (rental 6 p. c. In gold) 
St. P. Mta. A Man. lBtM.l.gr.,s.f..g..dr'natl05.o* 
2d mortgage, gold (does not cover lands) o* 
Dakota ExtBnftlon 1st M., gold. o* 
Con. mort., l.gr. ($13,344,000 are 6s). gold.o'Ar 
Montana Exten. IstM. ($25,OOOp. m.),gold.c**r 
Pacific Extension M. for 46.0OO.OOO, gold..o*&r 
Mlnneap. L'n.RR.lstM.,g..gu.<$650,OOOare5s).e" 
Eartof Minn. 1st M. ($50,000 p. m.), g.,gu..c'*r 
Montana On. 1st M.,g. ($6,000,000 are 6s)gu.c*r 
Wlllmar A Sioux Falls let M.. g., gu.p.Al.(end)o* AT 


Feb., '97, lk% 
Sept. 1. 19O2 
Feb. 1, 1897 
July 1, 1909 
Oct. 1, 1909 
Nov. 1, 1910 
July 1, 1933 
June 1, 1937 
July 1, 1940 
July 1, 1923 
Apr. 1, 1908 
July 1, 1937 
June 1, 1938 
July 1, 1911 








ance being reserved fur old claims for car tri 
menu. On June 30, 1896. there were equipmen 
to August, 1899,) outstanding to the amount of $ 
EARNINGS 5 months > 1896 .gross, $38< 


sts and for improve 
t notes (due monthly 
0,249. 
),375 ; net, $128,415 
1,613 ; net, 144,702 
15; net, $258,786; In- 
In 1894-95, gross, 
,052 ; net, $180,886. 


Extensions completed Deo., 1896, are: Halstead to Crookston, 33 
miles ; Hope to Aneta, 28 miles. 
HISTORY, STOCK, LEASES, ETC. This corporation in February, 189O 
eased the St. Paul Minneapolis A Manitoba for 999 years, assuming its 
funded debt and guaranteeing 6 per cent per annum in gold on its $20.- 
900,000 stock. The Great Northern'sauthorized capital was $40,000 .OOO, 
at which $20,000,000 preferred 6 per cent non-cumulative was offered 
;o Manitoba stockholders at 50, the remaining 50 per cent being paid by 
i transfer to the Great Northern of all the securities owned by the Man- 


July 1 to Nov 30 51895 gross, 36< 


In the year ending June 30, 1896, gross, $869.1' 
terest on bonds, $179,200; bal., surplus. $79,586. 
$843,558; net, $228,595. In 1893-94, gross, $831 



OFFICERS. President, Samuel Spencer, New York; Vice-President, 
Win. Checkley Shaw, Macon; Secretary and Treasurer, Ben. C. Smith, 
Mncon : Assistant Secretary, R. D. Lankford, New York. (V. 61, p. 
113, 420, 429,871; V. 62, p. 908; V. 63, p. 29, jo/, 458, 554, 794.) 

Gettysburg & H arrlnbure KK. Road from Carlisle to Gettys- 
burg. Pa., 32 miles; branch to Round Top, Pa., 3 miles. Road opened 
In 1884 as G. & H. Railroad and name changed to Jtailirau in 1891. 
Philadelphia A Reading RR. owns the capital stock of $(iOO,OOO (par 
value per share $50). 

Gooverneur & Onwoitatclile. Owns from Gouverneurto Ed- 
wards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Central, 
which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501. 

Grand Rapid* & Indiana .y.(See Map of Penrsylvania RR.) 
Owns from Fort Wayne. Ind., to Mackinaw City, 367 miles Manistee 
Branch, 19; other branches, 47 miles; total owned. 433 miles; operates 
the following roads but has not assumed the old company's leases 
thereof: Cincinnati Richmond A Fort Wayne RR., 86 m; Traverse City 
RR., 26m.; Muskegon Grand Rapids A Indiana RR..37 <u. 

HISTORY. The Grand Rapids A Indiana Railroad, formed In 1854, 
was sold under foreclosure of second mortgage, June 10, 1896, to 
Pennsylvania RR. and present Railway Company took possession 
August 1, 1896. The reorganization plan was in V. 63, p. 153, 154. 

STOCK. Capital stock is $6,OOO,OOO, of which $1,009,900 was issued 
on account of overdue coupons of old company; $4,006,000 for the old 
general mortgage 5s and $490,800 for car trusts, etc. 

BONDS. The first mortgage land grant bonds extended at 4k per 
cent are endorsed with the guaranty of the Pennsylvania RR. Co. to 
purchase the coupons as they mature, and the bond itself at ma- 
turity If not paid by the Grand Rapids Company. They have no 
lien on the land grant. See guaranty V. 56, p. 649. Coupons of un- 
guaranteed nt mtgs. r from Oct., 1894, to Oct., 1896, were paid by 
Winslow, Lanler A Co., N. Y., on Oct. 1, 1896. V. 63, p. tOl. 

Second mortgage of 1898 is for $5,OOO,OOO, bearing interest from 
Oct. 1, 1896, for one year at 2 p. c.; two years at 3 p. c. and thereafter 
at 4 p. o. Bonds for #1 ,038.000 remain in the treasury. Mortgage 
trustee* : William N. Jackson, of Indianapolis, and Commonwealth 
Title, Insurance A Trust Co., of Philadelphia. 

LANDS. The company had a land grant and in 1894 sold 12,574 acres 
of hard wood and 1,400 acres of, pine land, for the aggregate price 
of (102,998. Lands unsold on Jan. 1, 1895, were about 235,494 
acres. 

EARNINGS 11 months, ) 1896 Gross, $2,270,726; net, $404,216 

Jan. 1 to No v. 30. J 1895 Gross, 2,468,233; net, 51 1,5*2 

* These earnings are for the whole system, 585 miles. 

A NXI-AI. REPORT. Report for 1895 was in V. 62, p. 775, showing: 



Tear endfg Dee. 31. 1895. 

Mile* operated 436 

Gross Income $2,074,841 

Net over exp's A taxes 410,116 

Interest on bonds, etc. 532,460 
Int. on floating debt. . 24,196 
Rentals and mlscel ... 59,487 



1894. 
436 

$1,900,401 

404,680 

564,948 

34,387 

103,260 



1893. 
436 

$2,185,899 

349,859 

668,581 

311,51)3 

89,113 



1892. 
436 

$2,516,640 

706,548 

724,850 

46,997 

177,866 



Balance df.$206,027 df.$297,915 dl.$342,428 df.$243,165 

(V.62,p. 84,502,548, 715,821, 1087; V. 63, p. 153, 229,601,754). 

Great Northern Ry. (See Map.) Operatesalow-gradetrunkline, 
extending from St. Paul, Minn., across the great wheat belt of the Red 
River Valley and across the State of Montana, tapping its sliver and 
copiier mining district, to the Pacific Coast at Spokane, Wash., Port- 
land. Ore.. Westminster, British Columbia, etc. From Duluth, the head 
of navigation on the Great Lakes, the steamers of the Northern Steam- 
ship Co. (whose $1,5OO.OOO stock Is owned) run east to Buffalo, N. Y. 
As to Cascade Tunnel, see V. 63, p. 1115. 



Linn leased- and opera! fd 
Bt Paul Minn. A Man. Ry., 

St. Paul to Lowell, Wash. . . 1,790 
Branches In Minnesota, the 

Dakotas and Montana 1,930 

Trackage to Spokane, etc 10 

Total operated directly . .3,730 
Slock outnedoper. teparahlu 

Wlllmar A Sioux Falls 
Wlllraar to Yankton, 8. D.. 205 

Duluth Wntertow n & Pacific 
Watertown to Huron, Dak. 70 



Minneapolis Union Ry., etc.. 
Eastern Ry. of Minnesota 

Hlnckley to Duluth 72 

Montana Central- 
Great Falls to Butte, etc ... 257 
Owned, unbonded oper. sep't'ly 
Seattle A Montana RR. ) 
Fall-haven & Southern RR. > 
Westminster Southern RR. } 
Seattle to So. Westminster. 159 

Total road July, 1896.... 4,498 
2d and 3d track and sidings. 693 



toba Company, amounting to over $22,000,000 ; subsequently $5,000,- 
)00 of preferred was issued. The securities acquired by the Great Nor- 
;hern have been placed in trust to secure the unity of the system. (See 
V. 49, p. 435; V. 50, p. 205.) The preferred stock can be increased with 
the consent of three fourths the pref. outstanding. 

STOCK In 1893 $5,000,000 preferred stock was sold to pay for 
equipment, terminals, etc. See V. 56, p. 753. 

LANDS. St. P. Min. A Man. land grant was 3,848,000 acres. Land 
sales are applied to the redemption of 1st mort. bonds at or under 105 . 

Sales for year ending June 30,1896, were 66,872 acres for $5-15,- 
674 and 489 town lots for $7,182. The net amount due on land con- 
tract* June 30, 1896, was $1,289,548; lands unsold, 1,457,169 acres, of 
which 118,353 acres in dispute with St. P. A Northern Pacific. 

Minneapolis A St. Cloud grant was 476,864 acres; unsold July 1, 
1896, 409,951 acres; sales in 1895-96 were 1,934 acres for $12,160. 

DIVIDENDS, > 1890 1891 1892 to Feb., 1897 (inclusive), 
Great North, pf. J 1 % 43i 5 p. c. yearly (14 quar.) 

BONDS. In 1892 the Great Northern Issued its collateral trust bonds 
for $15,000,000, secured by deposit with the trustee of 3 ,000,000 Pacific 
Extension 4s of the St. Paul Minn. A Manitoba Ry. Co. V. 54, p. 525. 

The St. Paul Min. & Man. consol. mort. of 1883 is for $50,000,000, of 
which bonds are reserved to pay prior liens. The mortgage on Montana 
Extension is for $25,000,000 for extensions, $15,000 per mile being 
allowed for second track; bonds for $11,502,000 secured by this mort- 
gage, additional to amount in table, are deposited as part security for 
Pacific extension bonds. Abstract V. 45, p. 342. 

Pacific extension mortgage for 6,000,000 (trustee of mortgage Cen- 
tral Trust Company of New York), provides for bonds at 6,000 per 
mile in Montana and 7,000 per mfle west of Montana; 3,000,000 
of this issue, in addition to tho se given in the table above, are pledged to 
secure the Great Northern's collateral trust bonds. See abstract ol 
mortgage. V. 52, p. 82. 

Eastern Railway of Minnesota runs from HInckley northward 70 
miles, to a point near Duluth; the mortgage covers road, equipment, ter- 
minals and elevators. Montana Central bonds cover several roads 
(See adv. CHBON. Dec. 12, 1891.) The Manitoba guarantees both these 
issues, and the Great Northern assumes the guaranty. 

The Willmar <t Sioux Falls bonds are endorsed with joint and several 
guaranty of the Manitoba and Great Northern companies. Further 
Issues may be made at $17,500 p. m. for additional road. V. 56, p. 247. 

Minneapolis Western first mortgage is for $1,000,000 and covers the 
property and equipment of that company. The bonds are uncondition- 
ally guaranteed by the St. P. M. & M. and the Gt. Nor. V. 60, p. 835. 

GENERAL FINANCES. The earnings of the company from June 18, 
1893, include the Pacific Extension, 819 miles. 

As to new steamship lines to Japan see V. 63, p. 153. 189, 402; V 
59, p. 152, 191. In year 1895-96 the Great Northern received 
$400,000 (being 8 p. o.) in dividends on Eastern Ry. of Minn, stock. 

The strength of the company is largely due to low grades and the 
consequent large train loads (In 1895-96 averaging 256 tons); rate per 
ton mile '976 of a cent. 



EARNINGS. For calendar 
$18,126,386 in 1895. 



year 1896 gross, $19,632,093, against 



ANNUAL REPORT. Fiscal year ends June 30. Annual meeting Is held 
at St. Paul on the second Thursday in September. The annual report 
for 1895-96 was published in full In V.63, p. 498, 505. See also editori- 
al, p. 480. 

The following tables show (1) earnings of the lines leased from St. 
Paul Minneapolis A Manitoba Co., (2) the Gt. Northern income account, 
(3) the earnings of the whole system, including Minn Western, Duluth 
Term'l, Northern S. 8. Co., Gt. No. Express and Sand Coulee Coal Co 

(1.) OPERATIONS ST. PAUL MINNEAPOLIS A MANITOBA. 

Tear end. June 30. 1896. 1895. 1894. 1893. 

Av. miles operated.. 3,770 3,766 3,765 3,352 

Gross earnings.... $15,297,453 $13,109,940 $11,345,357 $13,522,581 
Maint. of way, Ac... $1,821,962 
Maint. of equipm't.. 1,185,914 

Transportation 4,122,473 

General . 768,632 

Taxes 528,053 

Total expenses.. $8,427,034 

Netearnlngs $6,870,419 

P.c.ofexp.Ataxes. 55-08 



$1,909,313 
950,937 
3,556,699 
729,513 
459,216 


$1,767,447 
855,635 
3,219,172 
646,525 
411,943 


$2,107,413 
1,045,419 
3,473,277 
709,308 
375,554 


$7,605,678 
$5,504,262 
58-01 


$6,900,722 
$4,444,635 
60-82 


$7,710,971 
$5,811,610> 
57-02 



JANUARY, 1807. J 



RAILROAD STOCKS AND BONDa 




INVESTORS' SUPPLEMENT 



[VOL. LXIV. 



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



RAILROADS. 


Miles 
of 
Bo*4 


Date 
of 

Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When line. 


For explanation of column heading*, Ac., see notes 
on 0nt page of table*. 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


Stocks Last 
Dividend. 


Grrrn Hay rf Wn tern Kit. 






$100 
1,000 
1,000 
10 
500 


$2,500,000 
fOO.OOO 
7,000.000 
200.OOO 
200.000 
1.2OO.OOO 
630,000 
400,000 
(1) 
240.000 
160,000 
350.OOO 
325,000 
9,168,700 
5,083,200 
8.000.OOO 

r.o.odo 

1,182,550 
7OO.OOO 
2,703,800 
700,000 
20O.OOO 
176,000 

600,000 
485,000 
1,92 0,000 






N. Y., when earned. 




Del>entureii, ClaM A, Incomes, text, nou CUID..C' 
Claw B, incomes, after stork, non-cuin c* 




1896 
1896 


up to 5 





do do 
do do 
D.L.&W.off.26Exch.Pl. 
do do 


m 
<> 

Dec., '96, 3% 
Deo. 1, 1902 
1936 
Aug. 1, 1913 
June 30, 1896 
3O years. 
Apr. 1, 1927 
Apr. 1, 1927 
Aug. 1/96, 5% 
Jan. 1, 1931 
Dec. 31, 1895 
Deo. 31, 1895 
Moh. 1, 1911 
Mar. 1, 1911 
Jan.,'97,3 I s% 
July 1, 1918 
Aug. 31, 1896 
July 1, 1903 
Oct., 1896 
Sept. 1, 1922 

Mch. 27, 1895 
July 1, 1933 


sem-nn 
7 
5g. 
6 g. 
l>3p.C.iu 
5 
6g. 


J. & O. 
J. & D. 

F.' "* A. 
J'ne.'96 

J."&"j. 
J. & J. 

J."A"J. 

Dec'ber. 
Dec'ber. 
M. & 8. 

J."&"j. 
J. & J. 
F&A.31 
J. & J. 
A. & O. 
M. & S. 

Mch, '95 
J. & J. 


First mortgage 


8 
"62 


1872 

I Mill! 

1893 


Orrmir.and.rf R'.-lstM.. $12,000 p.m.. g.(see text) 
Cull Ktanmnnt* A'.C.-lst M., 910,OOOp.in.,gold.c 
Quit* Chuago Stock 


500 
100 


Boston. 12 Pearl St. 
Ripley, Miss. 


Onlf <f liitmtalr Ry. of Trias -Bonds 
Ouff* Skip Iilanf-ltt M., ($12,000 p. in.) gold.c 


.... 


1887 
1887 











100 
1,000 

100 

100 
1,000 
10,000 
50 
500 Ac. 
100 
1,000 
100 
1,000 

100 
1,000 


See text. 
5 g. 
See text. 
See text. 
6 
6 
7 per an. 

2 per an. 
5 
6 per an. 
5 g. 

9 

5g. 


New York City. 
N. Y., Third Nat. Bank. 
Boston Office, 
do 
N.Y.,Bk.of No. America. 


Oonsol. If. (9400,000) gold, redeemable at 105. . . 


22 


1891 








Oonsol. mortgage, now 1st mortgage o' 


292 


1881 
1894 

1853 
1883 
1892 


Borruo. Portrm'th lit. Joy <t Lane. Stock.? p. c.gu. 
1st mortgage (ext'd In 1883), guar.p.Ai.Pa. RR..r 
ttarlford m Connecticut Western Stock .. 


54 
54 
109 
109 

4>4 
24 >a 

ORD. 


Phlla. , Company's Office 
do do 
Hartford, 
do 
See Central of N. J. 
Boat-Old Colony Tr.Co. 




Blbernia Mine RU. Stock 


Bootat Tunnel <t Wilmington. Bonds, $250,000 g.. 
Hbtuo/onwSee NEW YORK NEW HAVEN A. HARTF 


1st M., 95OO,OOO, g,, 915.0OO cancelled by a. f.c" 


22 


1893 


Mer. L. & Tr. Co., Chic. 




192 


1893 


1,000 
100 


See text. 
10,000,000 
See text. 
7,381,000 


5g. 


M. & N. 


New York. 


May 1, 1933 






75 
453 


1870 
1890 


6 
5g. 


J."i"j. 


Houston, Texan. 
N. Y., Central Trust Co. 


Annually. 
July 1, 1987 


1st M.l.gr.,g.,red.HO,tnt.gu., $683.000 paid..c**r 


1,000 



(2) GREAT NORTHERN RAILROAD 

Tear ending June 30. 1896. 
Met earns. St P. M. A Man.... $6,870,419 
Interest on bonds owned 56,195 
Dividends on stocks owned 403,631 
Rentals of leased lines .. 22O.254 


INCOME ACCOUNT. 

1895. 1894. 
$5,504,262 $4,444,634 
113,917 133,197 
731,631 1,084,608 
228,640 236,134 
21,912 248,099 
53,655 109,807 
158,081 179,671 








50,176 


Other Income 


74,887 




$7 675 562 


$6,812,098 
5,372,590 
(5)1,250,000 


$6,436,150 
5,312,655 
(5)1,187,500 
40,150 


Paid rental St. P. M. A Man 
Great Northern dividends... 


. 5.383,016 
(5)1,250,000 









Balance sr.$l,042,547 BUT. $189,508 def.$104,155 

(3) OPERATIONS OF WHOLE SYSTEM. 

Year end. June 30/96. Gross. Net. Olh.inc. Tot.nelinc' 1 

St. Paul M. &M. Ry.. $15.297,453 $6,870,419 $405.144 $7,275,563 

Eastern By. of Minn.. 1,899,446 965,070 57,199 1,022,269 

Montana Central Ry.. 1,766,035 599,418 8,070 607,488 

Will. A Sioux Falls Ry. 626,648 336,575 696 337,271 

Dul. Water.APac. Ry. 22,982 def. 22,464 122 def. 22,342 

Tot Ry. sys. proper. $19,612,564 $8,749,018 $471,231 $9,220,249 
Minneapolis Union.... 291,327 240,773 272 241,045 

88., coal Aexpr'scos. 1,915,808 215,687 37,730 253,417 

Tot. for the system. $21,819,699 $9,205,478 $509,233 $9,714,710 

From this last result ($9,714,710) are payable the total interest 
charge of all the companies, $5.184,584, and the guaranteed dividends 
on St. Paul Minneapolis & Manitoba stock, $1,200,000, a total of 
$6,384.584, leaving a balance of $3,330,126, from which have been 
paid dividends aggregating $1,250,000 on the stock of the Great 
Northern Ry. Co. (V. 63, p. 153, 189, 402, 48O, 498, SOS, 1115.) 

Green Bay & Western Hj. Road owned from Green Bay, Wls., 
to Marshland.Wls., 209 miles; branches, 13m.: trackage to Winona, 4 m. 

HISTORY. A reorganization June 5, 1896 (per plan in V. 61, p. 471), 
of the Green Bay winona & St. Paul, sold in foreclosure May 12, 1896. 

SECURITIES. There are no fixed charges on the property other than 
taxes, nor can any be placed thereon, or the property be sold or leased 
without conent of 75 per cent of stock. Class A. debentures are en- 
titled to 2>s per cent interest, if earned, then common stock to 2^ p.c., 
then the two share ratably ; but after 5 per cent has been paid on both, 
class B bonds are entitled to all surplus earnings. See V. 61, p. 471. 

EARNINGS. Of old company from Jan. 1 to June 9, 1896 (5*4 months), 
gross, $193,026; net. $50,194; for year ending Dec. 31, 1895, gross, 
9393,334; net, $68,1 88; 1894, gross, $395,632; net, $49,829; in 1893, 
gross, 9443,419; net, $83,264. 

DIRECTORS. 8. 8. Palmer, President; Mark T. Cox, Secretary and 
Treasurer, 40 Wall Street, N. Y. ; C. Ledyard Blair, Win. J. Wilson and 
W. J. Hunt. (V. 63, p. 652, ?S4, 922; V. 64, p. 134, 178.) 

Green Bay Winona & St. Paul. SEE GREEN BAY & WESTERN. 

Greene RK. Owns road from Chenango Forks to Greene, N. Y., 
8 miles. Leased to Delaware Lack. W. for term of charter for 6 per cent 
on stock and Interest on bonds. Capital stock, $200,000; par, $10. 

Greenwood Anderson Sc Western Ky. Leased on Jan. 17, 
896, the Carolina Midland, which runs from Allendale, S. C., to 
Seivern, 8. C., 55 miles. Extension to Batesburg and Greenwood was 
under construction, of which 9 miles to Alethea, S. C., was completed 
In December, 1896. The bonds are authorized for $1,512,000 (trustee 
Central Trust Co.) See full particulars V. 63, p. 357. 

RECEIVER. On Jan. 5, 1897, Mike Brown and T. B. Lee were ap- 
pointed receivers. V. 64, p. 82. 

EARSix<;s.-5 months, J1896 Gross, $33,006; net, $18,250 

July 1 to Nov. 30. 51895 Gross, 30,563; net, 14,482 

For year ending June 30, 1896, gross, $57,661; net, $20,010. In 
1894 95, frronK, $51,47!; net, $35,45(5: 

Pros, and Treas., Mike Brown (V. 64, p. 82.) 

Gulf Beaumont & Kaiia. City Ry. Organized in 1893to build 
a road from Beniimont, Tex., through the pine lands and stone quarries 
lying between the Neches and Sablne rivers, thence to connections 
with systems of roads in northern Texas, reaching Kansas City, St 
Louis and Chicago; 65 miles of main line and branches in operation. 
A traflir contract was made June 30, 1896, with the Gulf & Inter-State 
a newly-constructed line 70 miles long, connecting Beaumont and 
Oalvenon. Capital stock authorized and issued, $500,000 ; par $100 
First mortgage Is for $75O,OOO gold bonds ; sinking fund is 10 per 
cent of net earnings. Car trust notes due June 30, 1900, $16,472; 
payable June 30. 1895, $101,145. EARMNGS.-For calendar year 

80 'oF2^ * 07 ' 818 ' a ftln t 974,037 In 1895. Year ending 
June 30. 1896, gross, $83,613; net, $45.208; other Income. SS.'iSO- in- 
terest, etc., $40,448; balance, surplus, $,310. In 1894-5, gross. $61,- 
409. General office. Beaumont. Tex.; New York office, 37 Broad 
Street. V. 03, p. 880. 



Gulf A Ship Island RR. Road runs from the Gulf at Gulf Port 
to Hattieaburg, Miss., 71 miles; branch to HanoTsboro, 4 miles; 
total 75 miles; rails, 60 Ib. on 51 miles and 56 Ib. on 20 miles; 
Organized in 1882 and 20 miles wera built about 1888; 55 miles 
were built in 1895-96. Present owners took charge iu October, 
1 895. On June 30, 1895, capital stock was $400,000 and funded debt 
$400,000. Receiver reported to have been discharged in Sept., 1896, 
and road to be in charge of the Bradford Construction Co. V. 63, p. 
559. The second mortgage is a second lien on the railroad, but a first 
mortgage on the land grant of about 150,000 acres. Trustee of mort- 
age is Manhattan Trust Co., N. Y. President, J. T. Jones; Treasurer, 
V. W. Bell; Secretary, J. T. Powers. V. 63, p. 357, 559. 

Hancock A Calumet. Owns narrow-gauge road from Hancock 
to Fulton, Mich., 24 miles; branches, 7 miles; total, 31 miles. 
Stock, $350,000; par $100 $250,000 owned by Mineral Range RR. 

DIVIDENDS. In 1893, 5 p. c.: in 1894. 213 p. c.; in 1895, Feb., 2^2 p. c.; 
June, 5 p. c.; in 1896, Feb., 5 p. c.; Aug., 5 p. c. In year ending June 
30, 1896. gross, $200,769; net, $96,002; interest and taxes, $21,040; 
dividends, $17,500; balance, surplus, $57,462. 

Hannibal &. St. Joseph. Owns from Hannibal, Mo., to St- 
Joseph, Mo., 206 miles; branches Cameron to Kansas City, 53 miles ; 
8t. Joseph to Atchison, Kan., 20 miles; Palmyra to Qulnoy, 111., 13 miles; 
leases, 3 miles ; total operated, 295 miles. Owns bridge at Kansas City. 

STOCK. Chic. Burl. &, Qulncy RR. owns $14,244,900 stock. Preferred 
stock has prior right to a non-cumulative dividend of 7 per cent ; then 
common to 7: then both share. DIVIDENDS. On preferred stock In 189O 
nearly 2 per cent; in 1891 6'82 per cent; in 1892, 7 per cent on pre- 
ferred and TJO p. c. on common ; in 1893, 7 p. c. pref. and 23 ln p. c. com- 
mon; in 1894, 7 p. c. pref. and 22, common; for 1895, 7 p. c. pref. and 

p. c. common, of which 5'35 p. c. was extra out of surplus. 

See description of mortgage lien in October, 1896, SCITLEMEST, p. 2. 

INCOME ACCOUNTS have shown surplus for dividends : In 1895, 
$507,552 ; in 1894, $592,558 ; In 1893, $646,871 ; in 1892, $422,052. 

llarrlNliii ru Portsmouth ITIount Joy A Lancaster. Owns 
from Dillerville, Pa., to Harrisburg, Pa., 36 miles ; branch, Middletown, 
Pa., to Columbia, Pa., 18 miles ; total operated, 54 miles. Leased to the 
Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental 
being 7 per cent on the stock and interest on the bonds, taxes and ex- 
penses of organization. Stock, $1,182,550; par $50. 

Hartford A- Connecticut 'Western. Owns from Hartford, 
Conn., to Rhinecliff, N. Y., 109 miles. Leased till August, 1939, to the 
Philadelphia Reading & New England, the rental paying charges and 
2 per cent per annum on the stock. There are $27,OOO Conn. Western 
RR. 7 per cent bonds, due 1900, convertible into stock at 60 per cent. 
Of the stock $1,390,000 is pledged by the lessee under its mortgage. 

II i hernia mine RR. Owns from Rockaway, N. J., to Hibernla 
Mines, N.J.,4>4m. Leased to Cent, of N. J. in 1890for$12,OOOperan. 

Hoosac Tunnel & W IImlii<rl<>ii RR. NARROW GAUGE. 
Owns road from Hoosac Tunnel, Mass., to Wilmington, Vt..^!^ miles. 
Capital stock authorized, $250,000; par $100. Mortgage trustee, Old 
Colony Trust Co., Boston. Bills payable June 30, 1896, $72,634. 
Bonds in treasury, $74,OOO. Earnings for year ending June 30, 1896, 
gross, $56,147; net, $17,770; other income, $659; charges, $15,541; 
dividends (1 p. c.), $2,500; balance, surplus, $388. In 1894-95, gross, 
$46,731; net, $16,971. In 1894-95 paid dividends (1 p. c.), $2,500. 

Hot Springs RR. Road from Malvern to Hot Springs, Ark., 22 
miles, opened in 1875. Mortgage trustee, Merchants' L. & T. Co., 
Chicago. Year eudiug Dc. 31, 1894, gross, $182,445; net, $85,497; 
interest, $24,800; dividends, $54,000. In 1893 gross, $189,107. 

Houston East & West Texas Ry, Owns from Houston, Texas, 
to Sabine River at Logansport, 192 miles. Operates the Houston & 
Shreveport RR., Logansport to Shreveport, 40 miles. Total, 232 miles. 

REORGANIZATION. In August, 1896, a plan for reorganization with" 
out foreclosure was submitted to the security holders. Plan, in V. 63, 
p. 269. proposes to reduce 1st mortgage from $3,840.000 to $3,000,000 
by cancellation; of whic.h $3,000,000 there will be $888,000 reserved 
for additions, betterments, etc. 

ANNUAL REPORT. Report for the year ending June 30, 1896, was in 
V. 63, p. 267: Gross, $518,489; net, $134.137; taxes, $15,139; balance 
for interest, $118,998. Annual interest charge, $192,000. Iu 1894-95, 
gross, $539,989; net, $184,261. (V. 63, p. 28T, 269.) 

Houston & Texas Central Railroad .( See Map of Southern 
PanflcjOvrr\ from Houston, Texas, to Denison, Texas, 338 miles ; 
Hempstead, Texas, to Austin, Texas, 114 miles; total owned, 453 miles. 
Also operates Fort Worth & New Orleans Ry., Garrett to Fort Worth, 
40 miles; Central Texas & N. W., 12 m.; Austin & N. W. , 107; other, 4 m. 

HISTORY. Successor April 11, 1893, to a railway company fore- 
closed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. 

BONDS. The bonds are being gradually reduced with proceeds of 
land sales. The first mortgage was for $8,634,000, of which $570,000 
reserved against claim of State of Texas upon 75 miles of the road. 
Balance issued, but reduced to present figure by land sales. 

The Southern Pacific Company guarantees interest on all the bonds 
and both priucipal and interest of the debentures. The Jir.it mortgage 
bonds and the consolidated mortgage bonds may be called for redemp- 
tion at 110 with proceeds of land sales. See full abstracts of all the 



JANUARY, 1M7.J 



RAILROAD STOCKS AND BONDS. 



SsibeerlWra will eonftr a great favor by clvlnz Immediate notice of any error discovered In these Table*. 



For explanation of column headings, Ac. . ee noted 
on Brat page of tables. 



INTEREST OR DIVIDENDS. lioiult ; -Princl 

Miles Date Sire, or _.,. - )>al, h-nDue- 

of of Pur , Kat Per Wheu Where Payable, and bv Stacks Last 

Road. Bonds Value. u Cent. Payable Whom. | Dividends. 



e text. e-'Ai, 
e text. o'Ar 

' 

k 



Bmulon 4 Ttiat Central KR -( i:o*tl*ded.y 
On.M..l.g..g..red.at H0.lnt.gu.,94e4,000 pd.c'Ar 
Gen. mort..gold. tnu guar., end., 98,000 paid. e- Ar 
Debent.. p. andl. gu. So. Pat-., end. See text. I-'AI 
Debent. . p. and I. go. So. Pac. . end. See text 
Hud. IltgUand Bdg. 4 Kmittfay. Stock . . 
Huntingdon * If road Top Common stock 

Preferred stock. 7 per cent, non-cumulative 

let mort.. extended In 1890 (Int. only in gold) . . . 
td mort., old 7s. extended In 1895. p A 1., gold). 

3d mortgage. eonaoL. ext. in gold In 1895 c* 

Consul, car tmata.9690.OOO. *6*.OOO due Oct. 1 . 

BMicAinton 4 As.-BeeelVs ctfs. (see V. 63. p 184) 

lt mort.. (9I2.5OO per mile) see V. 02, p. 84.... 

Illinois On/ral-fltock 

Leased line 4 per cent stock, gnar. (see remarks.) 
Sterling bds. old 6s ext In 1899 
-IT! a "OB, f loiH.LIr'i, rtl f 

Sterling bonds, due 1905 

4s of 1886, due 1991, gold. .. .e* 
34s of 1886. due 19i{l, gold, .e- 
3* of 1899. due 1991, gold.c'Ar 
edby Ch. 8t.L.AN.O.cons.) 



453 1890 
453 1890 
1890 
1890 



lit mort. of 
1874 for 
915.000,000 
secures all 
equally 

Trost bonds ft 



Dl "(Oilman to 8p.).82,OOO OOO.c 



1857 
1868 

:- ... 



188J 



. 

1,000 
1,000 
1,000 
100 
50 
50 
500 
500 
1,000 
1,000 



l.t M . -1 



) DlT..6tto to Norman June. 4 brs.r 
Collateral trust bond*, cold, * .................. c- 

e remarks).... e'Ar.. 

on L. N. O. A T..I-AT 
.(red. at 100)....e*ar 



Cairo 



OoL UsMi, 929jUv,uw, 

CoL trust, gold. C.O. A o. -. n. >/, 

Weetern lines, 1st M.. gold (ee text) e*<r 



its 



Dlv 



MS.OOO.OOO.gc'J 



' 



100 
100 
*200 
200 
J200 
1,000 
1,000 
200 
*200 
1,000 
1.000 

500 Ac. 
LOOO 

500 Ac, 
1.000 
l.OOO 

:. 



$3,455,000 

4,297,000 

705,420 

411,000 

84,900 

1,371,750 

2,000,000 

416,000 

387.000 

1,497,000 

880,000 

(I) 

1.025,000 

52,500,000 

lO.OOO.OOO 

2.498.000 

3.40O.OOO 

1 .OOO.OOO 

1,500,000 

2.499.0OO 

J650O.OOO 



6 g. A. A O. N. Y., Central Trust Co. Oct. 1, 1918 

4 g. A. A O. do do Apr. 1, 1921 

6 A. A O., do do Oct. 1, 1897 

4 A. A O. do do ! Oct. 1, 1897 



..... ... 

See text. Semi 

7 per an. Scmi- 

4 g. A. A 

4 g. F. A 

5 g. A. & 
5 A. A 



au Phll.Of.,4thAWalnut8t. Feb. 8/97, 1% 
an do do ]Feb8,'97,3 1 a% 

(). do do Sept. 30, 19HO 

A. do do Feb. 1, 1925 

O. do do Mi -h. 31. 1925 

O Phila.,Mercbant8 1 Tru8t Oct.1,'97-1906 



5 

See text. M. A 
4 per an. J. A 

4 g. A. A 



34*: 

3 (f. 



1,600.000 

.Hi-. 000 

1 -.000.000 

3.0OO.OOO 

24.679,000 

4,806,000 

3,550,000 

4,484,925 



. A. 
5 g. A. A 
5 g. J. A 

'.l'. A 
XI. A 
J. A 
J. A 
F. A 
A. A 

M.A 



5 
4 e. 

it 

4 g. 



. 
J. A 



* K. * 
4 g. F. A 
3 g. J. A 



New York. 214 B'dway. 

New York, 214 B'dway. 
London. 

London,. Morton, R.A Co. 
do do 

New York, 214 B'dway. 
do do 

London. 
London, Baring Bros. 

New York, 214 B'dway. 
do do 

do do 

do do 

do do 

do do 

do do 

do do 



1918 

Mar.l. '97,24* 
Jan., '96. 2% 
Apr. 1, 1951 
Apr. 1, 1903 
Dec, 1, 1908 
Jan. 1, 1951 
Jan. 1. 1951 

1951 

July 1, 1950 
Jan. 1, 1898 
Aug. 1, 1921 
Apr. 1, 1952 
Deo. 1, 1950 
Nov. 1, 1953 
Jan. 1, 1904 
Aug. 1, 1951 
July 1, 1951 



mortgages la V. 52, p. 242. Of the 9S.O83.OOOconolldatd 6s authorized 
included In the 



l.UfMXK) (not in 



dln* abore) are held as 
. Trustee of general mortgage Is Metro- 
The debentures hare Interest but not prin- 



part security for the general 
politan Traat Co. of N. Y. T 
cipal parable In gold. 

Dee. St. 1805. current liabilities were 1,134.374; current assets, 
000.243, Including eaah. 94O3.O68: doe from Southern Pacific, 
9482,012. TheStateof Texaclalms94n.935dueTexa*choolfnnd. 

LA. The lands Jan. 1, 18M. consisted for first mortgage of 

2.292.925 acres; ronsol. mortgage. 1 .329,554 acres: general mort- 

(age. 15.017 aeree. Deferred payment, were: For 1st mort.. 249.663 ; 

eoaaoL mortgage. $1 43,945 ; general mort., 92.O28 : total. 395.636. 

I^nCTBA>xra<M-llmoa,.<1896..Groes. 92,946.320; n-t. 949.522 

Jan. 1 to Nov. SO. I 188..Grosa, 3.174.0*6; net. 1.113.924 

AvvnAL Rirosrr Report for 1899 In V. 63. p. 114. showed: Gross, 

:.t. *1. 3 12.011: other Income. 0.2 1 1 ; Interest, taxes, etc., 

9910,589; balance, snrplas. 4O3.O4.-rV. 63. p. 114.) 




lliideon Highland 
March. 1896. to the Hi 
whieh was chartered In 

" >l ai rssini W T Gapttnl soeK. mj4,oo. w 
No bonds Ueued to October. 1896. V. 62. p. 467. 

Huntingdon * Broad Top !. MR. * Coal ...-Owns from 
HnUncdon. Pa., to 4oil Dallas. Pa.. 45 miles; branches, 18 miles. 
84. -85 -8 -87. '88. . -90. -91. "92. '93. -94. "95. -96. 
.0 0000 245 5 44 4 
-1>0 2 5 5 54 -91 to 96. 7 p. ct. yearly. 
Jn. 30. 1*96.* percent: Aug. 10. 2 p. c. 





AjnroAL Rr. .*T -Report far 1895 was given In V. 62, p. 316. 

Ore**. T*t 01*. tawnM. rnttrtft. DMf*dt. Balanet. 
1895.. .648.004 352.021 8 ...... 8110.650 2O0.872 sur.940,499 

1894... 580.718 312.779 1.O32 117.639 2O7.678 def.ll.5O2 
-( V. 60. p. 177. 346 ; V. 68, p. <J. 277, 3 1 : V. 63. p. 4O2.) 



uirkln^oa * Momhf-rs) v.Ftom Halrhlason, Kn . 
Medford. O. T.. 1O3 mile*, of which '/2 mllee completed In Dee.. II 
7- *> Ang. 9. 1898. and no. I. L, E. Wall 



to 

, 1898. 

appointed Aug. 9. 1898. and now Is L. E. Walker, 
BeUiee. Keb. Receiver's eertrleates have bera laanetl to hnlld rx- 
lanilnas See T. 63. . 194. Suck 6.434.9OO (par. 1OO) authnHxed 



and 91.OV.ViNN) oiit-taadlng. Mortgage trustee Is Metropolitan Trust 
Co.. New York. Tear ending June JO. 1896. gross earnings were 
997.660. C irrent liabilities June SO. 1896. 98O2.443. (V. 61. p. 184.) 
1 1 H.IOI. CoBlral.- <ss JfofM-R<>AD. -Operates from Chicago, 
M. La.. 912 



Boiiua. Main Line 815.OOO.OOO mortgage of 1874 covers property 
described In V. 63, p. 76. Cairo bridge bond* are secured by deposit 
or a like amount of Chicago St. Louis A New Orleans 1st M. Cairo Bridge 
5s. The rental for the bridge Is 9180,000 in gold annually, of which 
3O.OOO goes to a contingent and sinking fund till 1902, then 990,000 
to regular sinking fund. See ady. In CHRONICLE, May 7, 1892. 

The truil bondi of 1886 are secured by deposit of $3,266,OOO Chicago 
.It. L. A N. O. consols of '81, and are to be Included In any new mort it. 

The collateral trutt bondt of 1952 are secured by pledge with the U. 8. 
frust Co. of New York of 816,35O,OOO 5 per cent 1st mortgage gold 
ftonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550. 

The 929.000.000 toUnltral trtul bondt of 1953 were Issued on pledge 
of the LouUv. N. O. A Texas securities purchased In 1892. Trustee of 
deed, U. S. Trust Company. 9318,OOO L. N. O. * T. 1st mortgage and 
96,000 land grant Income bonds were unexchanged June 30, 1896. 
See adv. CHBOirictjt. June 11. 1892, and V. 54, p. 964; V. 61, p. 112. 

The collateral tnt* bondt of 1004. (United States Trust Co., Trustee,) 
and their collateral were described in V. 62, p. 988. 

For the Ckitago M. Louit <f .Vnr Orleans the lessee guarantees the 
principal and Interest of all the outstanding bonds prior to the 5 per 
gent bonds, and by an endorsement on the latter bonds guaranteed the 
payment of the Interest on the same until the principal Is paid. Of 
these consol. 5s 99.266.OOO additional to the amount outstanding above 
are plrged as securltv fur the llllm>l Central trust bond* of 18fl. 

The Wrttrn Linn limn of 1M94 Is for f lO.OOO.OOO, but only $5,425,- 

' OOO can now be Issued upon the rood from Dubuqun to Inwa Fall*, 142 

miles, and Oedar Falls to Minn. State line. 76 miles. The bond* are 

direct obligations of the llllnoi- Central, but are secured by a first 

mortgage given by the I>iihuo,ue A Sioux city on the portion of Its road 

I. The remaining bonds ean he sold only as follows: 

4.575.OOO onlywbcn the road from Iowa Falls to Klotix City. 184 miles, 

now subject to 92^00,000 of Iowa Falls A Sioux city bonds due In 1917, 

i shall he transferred to the trustee without any encumbrance. Trustee, 

I United States Trust Co. Hluklng fund. 846,733 yearly, but bonds cannot 

be called. V. 59. p. 919. 

The m. Louit IHritirm bondt are necured by deposit with the United 
States Trust Co., trustee, of 93. '72.7(10 eapital Mock of the St. Louis 
Alton A Terre Haute and 91.269.OOO stock or Belleville A Southern 
Illinois, representing a controlling Interest In the St. Louis Dlvlnlon, 
and by pledge of the leaae of said division, alxo of all other property, 
securities, ete., acquired with proceeds of the bonds. The total auth- 
orised loan U9l5,OOO.OOO, at not exceeding 4 per cent Interest: of 
whi.-h to acquire control of stocks per offer In V. 62, p. 684, eto., 
95,000,000 of 3 per cents ; to redeem. If at any time, deemed best, the 
wren first mortgage loans mark-d : under St. Louis Alton A Terra 
Haute. 86.500,000 ; to acquire any other Interest* In the securities. 
. of the St. Louis Division, and for extension*, improvements, etc.. 



to Hew Orleans. 




>.L.*X. O. RR. 
,UL, to New Orleans. 

- 




_^^ T. 
> t. andbrs . 93* 
Trackaf* to 8*. L.- Me T. 63.p.l89. 



Wont -On June 9O, 1896. the company reported 3.127 irilles In- 
eluded In earning.. but this did ** Include WrTmlles of Yaxoo A Miss. 
Val (In 923 miles above) earns, on whloh are reported separately helo w, 
nor the 456 miles of C. O. * 8. W. road controlled since July, 1896. 

Bnrmnr, La ASM, Ac. Chartered In December, 1850. The company 
mm to the State of Illinois 7 per <y-nt of groas earnings of the 7O6 
mfles owned In fee yearly In lieu of taxes. The Chicago St. Louis A New 
Orloaneta leased for 4OO years from July 1,1882. at 4 per cent per ai/uum 
on He fl 0.000,000 stock deposited to secure the Uattd line Uoelr. 

In 1899 praetteallv an the stoekand bonds of the Lonlsv. New C 
A Texae (807 miles), were acquired, nw 
la the Yaaoo * nWsilppl TaUer, making 

Dmn^nnVsnlnnnV ImnnH JMlnllJOl ftf ttlsH ** A A H W^ 

&C*8. A* leneeM the St. Loula Alton A Terra HauteVsiem was taken 
April. 1896. 8ae - General Franees" below and Y. 62. p. 636. 684. 
8Toc.-Tbe <enMd lint rfoeA Is secured by deposit of 
t. Louis * New Orleans stock, and In case of 



Taller, making 993 mile.,' as above. ~ In 
the C..O. * 8. W. was acquired. See V. 62, 



. 




thereon, ete., 93.SOO.OOO. To the. ntnckholders assenting to offer In V. 
. p. 084, certificate* are Issued entitling the holder to In- -hare of the 

43. (V. 61. p. 184.) proceeds or sale of the bonds Issued In making the exchange, which 
ipnil under .m Agreement with a banking honse are to bo held by the 
trustee until Jan. 1. !->-. -ni.jrrt to their option to purchase at 90 
and Interest. Bee V. 62, p. 684. 

OINBBAL FIXAHCCS. Bills payable July, 1890, Including obligations 
Incurred for purchase of C O. A 8. W. securities, were 96,142.619. The 
97.OOO.OOO notes bearing 3* per cent Issued for C. O. A s. W. securities 
were retired In 1896. but 95.0OO.OOO notes payable were Issued. 
Capital stock for *2.5oo.ciOO (of the $ lO.OOO.OOO authorized In Decem- 
ber, 1895), was sold at par early In 1S96. 

In July, 1896, Western Line bonds for 91,875,000 were loanable on 
Oedar Fall* A Minn, (sea Dulnmtie A Sioux Cltr), making total 
.'KX>. V. 63, p. 29. In July. 1896, were lUted on the New 
York Stock Exchange 450O.OOO three per cents of 1 '51, dated Aug. 
31, 1895, and Issued under 91.VOOo.OOO main line mortgage of 1874 In 
siilMtltiitlon for "redemption bond*" paid April 1, 1890. V. 63, p. 76. 

Control of the Chesapeake Ohio A Southwestern (which see) was 
acquired In December, 1893. The road, the securltle* of which are now 
mostly owned by the Illinois Central, was sold In foreclosure Jt'ly 25, 
1896, and Is now operated by 111. Cent, but as an Independent property. 

In April. 1896, a lease for 99 years of the St. Louts Alton & Terre 
Haute system was consummated, 2 '4 per cent being guaranteed on the 
stock and an offer made to give new Illinois Central, St. Loui* Division, 
3 per cents In exchange for the *hnre* on certain terms. Till* acquisi- 
tion gives the long-needed line to tit. Louis. 

EAUmKW-5 months, $ 1896 Gross, 99,347,922; net. 92,642,694 

July 1 to Nov. 30. ) 1S95 Gross. 9,422.644: net, 8.322.158 

St. Louis Alton A Terre Haute not Included In 1895 for the three 
month* from July 1 to October 1. 

AXVUAL RIPOHT. Fiscal year ends June 3O. Annual meeting Is held 
at Chicago the second Wednesday In October. Report for 1895-96 was 
published at length in V. 63, p. 696, 703. See also editorial, p. 678. 
The following does not Include Yazoo A Ml**l**lppl Valley which see 



miles, and weetorly to Stou 
lu road, clearly shown 
(f which see.) 

JOta 

. 819 

Total owned June .TO. '98. .3,096 

Leattd. Control otrned. 
Dubuque * Sioux City 1 6OO 

Limtid in April, lHrt. 
St. Louis Alton A Terra ll.-i . 939 
Okea. Ohio A 8. W. A brs.1 . . . . 4M 

Total oper. Oct., 1896 4,390 



. New Orleans 
company merged 



to Ike payment of any semi-annual dl vldend of 2 
_ jtft Is entttled to ate share of the stock pledged. 
189ft, was authorised 9IO.OOO.OOO new stock; to June 
~ this stock had Wen told, making total 

0. (V. 61, p. 898,966.) 

)1889. '86. '07. '88. '89. '9O. *91 to Mar. '97, Inel. 
J8p.e. 74 7 7 94 6 9 p. e. yearly. 



Feart ending June 3O 1896. 

Miles operate?. 3,127 

Passenger earnings 84,394,771 

Freight earnings 15.028.104 

Mall, express A miscellaneous. 2,579,967 



1895. 1894. 

2.S88 .:.'?< 

93.U08.348 96,116,603 

12,821.211 12,253,612 

2,327,435 2,287,249 



Total earnings 922,002,842 910.056,994 920,657,464 



INVESTORS' SUPPLEMENT 



fVou 1X1V. 



bwrlbera will confer a reat faror tty clrlnc Immediate notice of any error discovered In these Table*. 

RAILROADH. 



- Mile* 

ttor explanation of column headings, Ac., see notes of 
on tint page of tables. Road. 



I'.it.- 
Of 



Central-( Concluded) 
Chic. 8t. Loulu A N. ().. lilt M, (prior lien In Tenn.) 
let mortgage, Cairo, 111., to S. O.,La. and branch 

Id nortjf ajre ... 

OooeoL mort. (fl8.000.00p). gold (see text). c'*r 
Memphis DlT. 1st M., gold. gnar. p. *l. (end.) .c' 
u Louu Alton A Terre Haute 

. _ ..! lf*n LJ.Wl (*) Ol. *. It l'*T>IP 



1 I 



Common twk7$3~i7b,~8o6, rental 2>4 p.c. y'rly 

Dividend bond 

lltM.At*rni 1 l(2.5OO.OOO),g.,red.8tl05.c-4r 

Lines leased to 8t. Louis Alton A Terre Haute. 

Belleville* 80. 111. pref. stock, $1,275,OOO. rental 

4-8 p. c. yearly. 9J years .- 

;it mort.. guar.,8sexL Oot./oe.lu gold 

IBellev. A Crond<>let. 1st M.. Belle.to E.Caron.c' 
; Belleville A El Dorado 1st (lnt'stguaranted)o* 

'2d mortgage. Du Otioln to Eldorado o* 

;8t. Louis Southern 1st mort., gold. Int. guar.c' 
2d M..lne..non-oum.. Plnckneyv. to Carbond.o" 
:Carbondal<> A Shawneefn 1st M., g.,lnt. gu..o* 

Bt L. 8. consol. mort., gold ($1,325,000) 0* 

;< - hlc. Ht-I-A radiicahlst M.,g..redat lOSgu.o* 

3d M., g.. Inc. (non-cum.) Marlon to Pad. A br.o* 

Irutianii Drratur <t Wetl.lxt M., jr., red. at 110. o* 

Indian,, Illinois <t /ova IstM., gold. red.at par.. c' 

1st and 2d Inr.Mn. ($250,000 each) 4 p.c.non-cum.r 

1st Ext. M. ($500,000) gold, red. at 105 e* 

Indiana <t Illinois Southern See ST. Loins INDIAN APOLI 
Ind. Drealvr <t Spring/. 1st M. 7. reorg. certs, .x .. 
Ind. 4 L.Hirh.ist M., $12.000 p. m., gold, guar.c' 40 
Indianaiiotis FH. 1st m., g.. s. t. not subj.to call.c* 93 
Indianapolis <t Vincennes 1st M..guar.p.*i. (end.)c 133 
2d M..<nirantedp. Al.Fenn. RR.CO. (end.). ...el 133 

Tear ending June 30 1896. 

Operating expenses $14.!)62.276 

F. ot. op. ex pen. to gross earns. 68 -00 



567 
567 

:.,-- 
567 
100 



57 

17 

51 

51 

30 

30 

17 

30 

53 

53 

152 

118 

118 

35 



1877 
1877 
1877 
1881 

IKS'.I 



1.MX1 
1st) I 



isc.r, 
1888 

1HSO 
1SSO 
1886 

i88i; 

1887 
1894 
1887 
1887 
1805 
1889 
1889 



- A- 1,1 

1889 
1886 
1867 

1H70 



Size, or 

Par 
Value. 



1,000 

i'.boo 
1,000 

100 

l,(ii)(> 
1,000 



100 
1,000 

l.ooo 
1,000 
1,000 
1 .000 
1 ,000 
1,000 
1,000 
1,000 

1,000 

1,000 

1,000 

500 

1,000 

STERN. 

1,000 

1 ,000 
1.000 

1,000 

1.000 



Amount 
Outstanding 



Rate per 
Cent. 



$539.000 

H-JH.OOO 
MI.OlO 

11,289,000 
3,500,000 

2,522,400 

79.000 

2,275,000 



1, -'('.I.OOO 
[>!>M,000 

485.0OO 

220,000 
330,000 

.v.o.ooo 

1 79,000 

2-.0.000 

346,000 

1,000,000 

1,000,000 

],M'J.i,000 

HOO.OOO 

457,500 

500,000 

1,800,000 

480,000 

955,000 

1,7OO,OOO 

1.. 1 00.000 



INTEREST OR DIVIDENDS. 



When 

Payable 



7 
7 
6 

5g. 
4 g. 

J>4 p. an. 
6 
5g. 



4-8 p. an. 



5 g. 
5 8- 

if: 
J* 

8g. 

2 

5 g. 



M. A N. 
M. A N. 
J. A D. 



Where Payable, and by 



J. A D. 

J. & J 
June 1 
J. A I > 



J. A J. 
A. <s O. 
J. & D. 
J. A J. 
F. A A. 
M. A 8. 
March. 
M. A B. 
M. A 8. 
M. A 8. 
M. A 8. 
J. A J. 
J. & D. 
A. A O. 
M. A 8. 

.T. A J. 
M. & S. 
M. A N. 
F. A A. 

M. A N. 



whom. 



pal, When Due. 

Stock* Last 

Dividend. 



N. Y., 214 Broadway. 
do do 

do 



do 
do 
do 



do 
do 



lstdlv.July,'96,I.C.Of. 
N. Y., State'Trust Co. 



1st dlv. July,'96,I. C. Of. 

N. Y., State Trust Co. 

do do 

do do 

Pd.in'91,coup. Feb.,'80 
N. Y., Mercan. Tr. Co. 
do do 

do do 

do do 

do do 

Paid IStp.c. Nov., 1893. 

N. Y., Central Trust Co. 

N. Y., Metropol. Tr. Co. 
do do 

do do 

N. Y., Central Trust Co. 
Mar., '96, coup, last pd. 
Phlla., Fidelity Trust. 
N. Y.,Fann. L.ATT.CO. 
do do 



Nov. 1, 1897 
Nov. 1, 1897 
Dec. 1, 1907 
June 15, 1951 
Dec. 1, 1951 

Jan.,'97,m% 
June I,"i914 



Jan., '97, 
Oct. 1, 
June 1, 
July 1, 
Aug. 1, 
Sept. 1, 
Sept. 1, 
Mch. 1, 
Sept. 1, 
Sept. 1, 
Sept. 1, 
Jan. 1, 
Dee. 1, 
Deo. 1, 
Mar. 1, 



2-4% 
1897 
1923 
1910 
1920 
1931 
1931 
1932 
1939 
1917 
1917 
1935 
1939 
1939 
1943 



Sept. 1, 1939 
May 1, 1926 
Feb. 1, 1908 
May 1. 1900 



1895. 1891. 

$13,268,531 $14,369,416 
09-63 69-56 



$8.959.030 

$2.932.808 

1,218,040 

950,40:! 

290.811 

2,562,500 

400.OOO 

81,181 



$7,430,905 

$2,757,845 

1,217,840 

471,379 



$8,194,493 

$2,665,265 

1,217,840 

867,148 



Net earnings *7,O40,566 $5,788,463 $8,288,048 

Net receipts from Interest, Ac. 1,832,678 1,519,409 1,865,325 
Miscellaneous B5.786 123,033 41.120 

Total receipts 

Interest on m. Central bonds.. 
Int. on Chic. St. L. A N. O. bonds. 
Rental Dub. A Sioux City RR. . 

Net rental St. L. A. A; T. H 

Dividends on 111. Central stock 
Dividends on Leased Line stock 
Miscellaneous 

Balance, surplus $523,227 $2,916 $463.275 

YAZOO A M ISMSSI ITI VALLKV. Results on 807 miles : 
Year Grots. /. Other inc. "Interest, etc. Bnl. sur. 

1895-96.. ..$3,529,625 $1,191,291 $6* $690,523 $500,837 

1891-95.... 3,331,333 951,068 4.555 693,722 261,901 
1893-94.... 3,338,860 969,399 4,230 754,495 219,134 
Loss on sale of securities, $3,200 In 1894-5 and $59,500 In 1893-4. 
ST. Louis ALTON A TEKKE HAUTE RB. Forms the "Cairo Short 
Line" route from St. Louis, Mo., across the coal fields of Southern Illi- 
nois to Paducah, Ky., with branches. 
Proprietary Line Miles. I Leased Lilies (Goncl.) Mile*. 



2,500,000 
400,000 

80,925 



2.500.000 

4OO.OOO 

80,965 



E. St. Louis to Belleville, 111... 15 [ St. Louis Southern 



Lecutit Lines 
Belleville A Southern Illinois 

Belleville to Duquoln 57 

Belleville & Eldorado - 

Duquoln to Kldorado 50 

Belleville & Carondelet 

Belleville to East Carondelet. 17 



30 



Pinckneyville to Carbondale. 
Carbondale A Shawneetown 

Carbondale to Marion 17 

Chicago St. Louis & Paduoah 

Marlon to Paduoah, etc 53 

Total operated 239 



LEASE. This road was leased In April, 1896, for 99 years from Oct. 
1, 1895. to the Illinois Central RR. Co., which guarantees 2*4 per cent 
per annum on the stock. V. 62, p. 636. 

Vonterrion of St. L.A.-tT. II. and Belleville <t So. Illinois stock. The 
Illinois Central offers to convert St. Louis Alton & T. H. stock Into new 
Illinois Central 3 p c. bonds at $75 of bonds for each $100 of stock. 
and Belleville & Southern Illinois stock at $160of bonds for each $100 
of preferred stock see V. 62, p. 684, 988; V. 63, p. 715. 

Boxos.-The new tint mortgage of 1894 covers the eul estate in St. 
Louis and the 14 mile* <>r road owned, also equipment (on which are 
no car trusts) valued at $80O.OOO. The bonds are redeemable at 105 
per cent on one year's notice. State Trust Co., N. Y.. Trustee. 

LEASED LINES BellerMe f So. Illinois was leased for 999 years to 
the St. Louis Alton & Terre Haute on terms stated in SUPPLEMENT for 
January, 1896, but having leased the St. Louis A. & T. fc. the Illinois 
Central assumed the B. & S. I. lease modified as follows: The Illinois 
Central guaranteeing thut a tixcd rental of 4-80 p-r cent per anuum 
be paid to the holders of the preferred shares of the Bellev & So 111 
. Co., by the 111. Cent. RR. Co. for 99 years from Oct. 1, 1895. with 
privilege of renewal, the first payment to be made on July 1st, 1896 
and then-after each six months." -V. 62, p. 636, 988. B. & So. Ill 1st 
mortinige s due Oct. 1, 1896. were extended one year at 4ig per cent 
In (told, and ipiaranteed by Illinois Central. V. 63, p. 601, 715 

The Urllrrille <t. Caronaelet is leased for 983 years from June 1 1883 
at a rental of $30.OOO per year, which is a guarantee of Interest on the 
bonds, the stock of *:>OO,OOO being owned by the St. L. Alt. A T H 

The BellerUlr. <t Eldorado Is leased for 985 years from July 1 1880 
at a rental of 30 per cent of the gross earnings, but $15,40O per year 
(uaranteed. Stock, $1,000,000; par, $100. 

at. Lout, Southern (incl. Uarb <t 8HameetoH>n) is leased for 980 years 
for 3O per cent of gross earnings, minimum to bo $32,OOO, and Interest 



. re was 1 3. 

The Chicago SI. Lmiu A Paducah Is leased for 978 years from March 
188. at 30 per cent of gross earnings, with guarantee of principal and 
renta. to pay first mortgage Interest. (V. 47, p. 801.) In March. 1892 
2 per cent was, paid on second mortgage Incomes and Nov. 29, 1893* 
1 f*r ct>u- 



- 

St. L. A. AT. H. owns $500.000 Bellev. A Carond. stock, $900,000 

Ch. St. L. A Pad. stock and $500.000 of the latter road's income bonds 

EARK.no8.-7 months. < 1895-6 ...... gross, $801.313 ; net, $365.639 

July 1 to Jan. 31. U894-5 ...... gross. 831.482; net, 399,034 

ANHBAI. REpoRT.-Flseal year ends June 30. Annual meeting at St. 

*' 1895 ' are luoUl(led 



1894^5 ............. $1.^55 $56^26 

1893-94 ............. 1.385.046 52S.317 384.281 144OTO 

Charge* for 1 894 5 were: int.. $73,(i40: int. on pref., $37,682- new 
uiment etc. net 



e n.. ,: n. 

equipment, etc. (net). $9.26O; total. *V!OO.58 
-V. 63, 227,#,402,601, 678, 690, 703, 715, 1 



1063; V. 64, p 4" ) 



Indiana Decatiir & Wtem Ky. Indianapolis, Ind., to De- 
catur. 111., 152 miles. Successor in 1894 of Indianapolis Springfield 
& Western, foreclosed. V. 61, p. 1064. See decision continuing the 
validity of the reorganization in V. 64, p. 41. 

STOCK AND BONDS. In December, 1 895, $912,000 common and $912,- 
OOO preferred had been issued, all of which hadbeen sold to Cincinnati 
Hamilton A Dayton interests. See V. 61, p. 1064. 

The first mortgage of 1895 Is authorized at $12,000 per mile for 
additional road built or acquired ; the bonds are redeemable by lot at 
110, at anytime on eight weeks notice; mortgage trustee, Central 
Trust Co., N. Y., and Augustus L. Mason of Indiana. 

LATEST EARNINGS. 3 mos., 5 1896 Gross, $117,014; net. $36,111 

July 1 to Sept. 30. < 1895 ...Gross. 126,424; net, 45,529 

ANNUAL REPORT. Fiscal year ends June 30. Report for 1894-95 
was in V. 61, p. 1061. Gross and net for 1895-96 are given below: 
Yrars rnd Junt 30. Gross. Op. ejcp. Net. Taxes. Balance. 

1893-96 $483.798 $322,211 $161,587 

1894-95 478,134 305,837 172,297 $32,976 $139.321 

1893-94 387,565 317,746 69,818 33,853 35,964 

1892-93 504,929 357,711 147.218 33.827 113.390 

OFFICERS. (Elected in December, 1895): President, M. D. Woodford; 
Vioe-Presldent, Henry F. Shoemaker. (V. 62, p. 502; V. 64, p. 41.) 

Indiana Illinois & Iowa RK. Owns from Streator Junction 
ni., to South Bend, Ind.. 152 miles; other, 6 m.; total operated 158 m. . 
trackage (Wabash Railway) into Streator, 1-70 miles ; (Cli. A W. M.) La 
Crosae, Ind., to New Buffalo, Mich., 38: (Chic. & E. 111.) Wheatfleld to 
La Crosse, Ind., 13; (Kan. & Sen. RR.) Kankakee to Seneca, 111., 38 
miles; total of all, 249 miles. 

SECURITIES. Stock, $3,597,800; par, $100. Equipment notes June 
30, 1896, $56,661. The 1st and 2d incomes, as well as the 1st 4s, are 
subject to call at par and interest after 30 days' notice. The 5 per cents 
of 1893 are a first mortgage from Knox to South Bend (Ind. 111. A Iowa 
Railway Co.), and a consolidated mortgage on main line. 

EARNINGS. 5 months, < 1896 Gross, $280,124; ret,$49,829 

July 1 to Nov. 30. J 1895 Gross, 317.266; net, 96,598 

EARNINGS. In year end. June 30.'96, gross, $786.131: net, $234,109; 
interest, taxes, rentals, $108,394 ; construction and Imrovements, 
*117,384 ; balance, surplus for year, $8,331. In 1894-5, gross, $739,- 
618; net, $177,630. President, F. M. Drake, Chicago, 111.: Vice-Presi- 
dent, Geo. H. Holt, 11 Wall Street, N. Y. (V. 59, p. 1104; V. 60, p. 
562,748; V. 62, p. 548.) 

Indiana & Lake michlgan Ky. Owns from South Bend, Ind., 
to St. Joseph, Mich., 39 miles. Leased when completed, January, 
1890. to Terre Haute & Indianapolis, which guaranteed by endorse- 
ment the above bonds, principal and Interest. The rental Is 25 per 
cent of gross earnings. Interest nue Sept. 1. 1896, was not pid. V. 
63, p. 407. In November, 1896, the Central Trust Co.. New York, 
brought suit to foreclose the first mortgage. V. 63, p. 10O9. 

BONDHOLDERS' COMMITTEE. Chairman. Morgan G. Bulkeley; Syl- 
vester O. Dun'iam, J. 8. Farlee, M. L. Scadder; depositary. Central 
Trust Co., N. Y. A majority of the bonds has been deposited. V. 63, 

?.601. Stock is $800,000. Due T. H. A I. for betterments Nov. 1, 
895, $201.218. For year 1895 gross earnings were $66,751 : loss 
from operating, $9,168. (V. 63, p. 1 42, 407. 504, 601, 922, 1009.) 

Indlaiiapolln Drratiir A Springfield. The Ind. Springfield A 
Western was reorganized In 1895 as the Indiana Deeatur <fe West- 
ernwhich see above. The old Indianapolis Decatur A Springfield 1st 
7 received par in new bonds, and the reorganization certificates were 
returned to the owuers stamped ex-new bonds pending distribution to 
them of amount received from sale of new stock. The certificates re- 
ceive interest at the rate of 2 per cent, payable J. & J. V. 64, p. 41. 

Indianapolis Union. Owns 3 miles of track, -93 of a mile 
of road, with terminals at Indianapolis, Ind., and leases for 999 years 
the Belt RR. of Indianapolii which see consisting of 12^ miles of 
road encircling the o.ty, etc. 

Formed in 1850 and furnishes terminal facilities to the several 
railroads entering Indianapolis. ST >CK The Cleveland Cincinnati 
Chicago A St. Louis, the Pittsburg Cincinnati Chicago <s St. Louis and 
the Terre Haute A Indianapolis are virtual proprietors, they having In 
vested in it $855,092 to June 30, 1895. No stock outstanding. BONDS. 
Trustee of mortgage is the Fidelity Ins. Trust A Safe Deposit Co. of 
Philadelphia. Bonds for $35.000 have been canceled by sinking fund. 
For year ending June 30. 1896, gross, $606,520; net, $310,512 ; other 
income, $13,672; charges, $244,610; balance, surplus, $79,574. 
In 1894-5, gross, $504.860; net, $223.590; other income, $16,534; 
charges, $158,188; balance, surplus, $81,936. 

Indianapolis &. Vlncenne*. Owns from Indianapolis, Ind., to 
Vlnoennes, Ind., 117 miles; branches, Bushrod to Dugger.eto., 16 miles 

SECURITIES. Connecting line for Penn. RR. to Vincennes. Stock, 
*1,402,OOO; par, $5O: of which Pennsylvania Company on Jan. 1 
IS96, owned $1.401,900. The Penn. RK. Co. guarantees by endorse- 
ment on each the principal and interest of the bonds. 

KEPORT. For 1895 in V. 63, p. 26, showed : 

Tear Grot*. Net. Interest, etc. Balance. 

1895 $517,002 $90,543 $207,140 def. $116,597 

1S94 484,315 96,865 206,623 def. 109,758 



JVM-ARY, 18B7.J 



RAILROAD STOCKS AND BOND? 




INVESTORS' SUPPLEMENT. 



(VOL. 1XIV. 



rs will raufrr a great faTor bjr giving Immediate notice of any error discovered In theae Table*. 



BAJJLKOADS. 


M !'>- 


Date 






nn 


'BREST 


OK I)1VII>KM)H. 


tfonag Pnnol - 
pal, When Due 


Mr aralaoatlon of column heading*, Ac., *ee note* 
on ant pace of Uble*. 


,lf 


of 
Bonds 


Par 

Value. 


Amount 
Outstanding 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


Stocks Last ' 
Dividend. 


Jahmntr-ri' * Onal yorUUrn lit mort., gold. ... 
OarttnealM of Indebt. MO. by lit m. coupons, gold. 
FnnshaM monxy lid mort. Income*, non-cum 
M M.cold. Int. 4 hi u.c. till Sept. '97, then 5 P.O..O* 
9d m. MS.000,000) Income till Sept. 1, 1897, g. .0- 


776 
776 
776 
776 
776 


1879 

IK'.I'J 

1879 

i*M 

i-^ii 


$300Ac. 

Viirious 

-,00 Ac! 
:,(M) Ac. 
1,000 


$7,954.000 
124,742 
3,000 
7,051,000 
2,692,500 
200,000 


6g. 
5 g. 

4 4 to 5 g- 


H. A N. 

M. A N. 
M. A 8. 
M. A 8. 
M. A 8. 
M. A N. 


N.Y:, office, 195 B'way. 
N. Y., Central Trust Co. 

N. Y., offlceYl95 B'way. 
See remarks. 
N.Y., office, 195 B'way. 


Nov. 1, 1919 
Nov. 1, 1897 
Sept. 1, 19O9 
Sept. 1, 1909 
Sept. 1, 1921 
May 1, 1920 








100 


8,457,325 
















100 


5,569,366 


See text. 






Apr. 11, 1892 


Irt M.. for t7.65O.000; $15, OOO per mile, gold. .0" 
KetUuburg Bridge lit mortgage, gold, guar o* 
jroft RaUteaif Block 


503 
"26 


1888 
1885 


1,000 

1,000 

100 


6,330,483 
591,000 
600,000 


Sg- 
6g. 
See text. 


J. A D. 
J. A D. 

vearly. 


N. Y., Mercantile Tr. Co. 
N. Y., Central Trust Co. 
Boston. 


June 1, 1938 
June 1, 1925 
July 10. 1891 








100 


1,500000 





F. A A. 




1897 


Jack-umv, Houthriwt. 1st M., Jack, to Lltohtield.. 


54 
112 


1880 

isai; 


1,000 


300,000 
350,000 


6 

5 g. 


J. A J. 
A. A O. 


See text. 
Phila.,Penn.Co.for Ins. 


July 1, 1910 
Oct. 1, 1925 




112 


ism; 




1,582,000 


4 


J. A J. 




Jan. 1, 1935 






1893 




141,000 


8 




N. Y., Seaboard N. Bk. 




l*t, gold redeemable at 110 o* 


is'o 1 * 


1SH4 


1,000 


1,566,000 


6 g. 


J. A J. 


Jan., '95, paid July, '95. 


Jan. 1, 1914 


AUantlcCoat Bt Johns A Indian R.lt M.,gold.c 
Banford * Lake EuU* lit M. (9350,000), gold... 
J. T. A K. W. consol. mortgage for *4,OOO,000.... 
Jaekionntlr Trr. K</. 1st M., $500,000, g., guar.o* 
Jtftntm 1st A 2d Ms.ext. In '87A'89 (H'dale Br.)c 
tat M. Carbondale to 8. depot, gold, guar. p. A i . .0* 
JtUtl 4 Northern Indiana lot M. gu. p. Al. M. C.o 
ftmflian ( Philadelphia > 1st m.,guar. p.Al.(ext'd). 


37 
29 
2OO 

"8 
37 
45 
3-56 
3-56 


1886 
1886 
1890 
1894 
1867 
1*M!) 
1877 
1882 
1865 


1,000 

1,000 

l.OOO 
1,000 
1,000 
1,000 
1,000 
1,000 
1 ,000 


360,000 
290,000 
1.784.OOO 
500,000 
300,000 
2,800,000 
800,000 
425,000 
3OO.OOO 


6g. 

i* 

5 g- 
4i A 6 

6* 

r 


M. A S. 
M. A 8. 
M. A 8. 
J. A J. 
J. A J. 
A. A O. 
J. A J. 
J. A J. 
A. A O. 


Mch., '95, coup, last pd. 
Mch., '95, coup, last pd. 
No coupons paid. 
N. Y.Metropolitan Trust 
Phila., Fidelity Tr. Co. 
N.Y., Erie RR. 
N. Y., Farm. L. A Tr. Co. 
Phlla., Broad St. Sta. 
do do 


Jan. 1, 1906 
Sept. 1, 1916 
1940 
July 1, 1939 
July 1, 1927 
Jan. 1, 19O9 
Julv 10, 1907 
July 1, 1907 
Apr 1 19OO 


ftttuneha 4 JltrA < Stock 910 000 OOO authorized 






100 


9,000,000 










1*1 mortage,915,OOOper mile, void, guar. p.A l.o' 
aTavuo* COfBeUltl (9534,000 gu. K.C.F.8. 4M.).o' 
tatuat ViAclinton <t 8nring.~lt M., g., guar. .0* 
Pleasant Hill & De Soto 1st mortgage, gold. 


164 
10 

174 


1890 

l.ssij 

1877 


1.000 
1,000 
1,000 
500 


2,469,000 
1,950,000 
3,192,000 
58,000 


h 


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


N. Y., Central Tr. Co. 
Boston, Of., 50 State St. 
Boston, Merch. Nat. Bk. 
do do 


Apr. 1, 1990 
July 1, 1916 
Oct. 1, 1925 
Oct., 1907 



International 4c Great Northern. Owns Longrlew, Texas, to 
Laredo. Texas, 496 miles ; and Palestine, Texas, to Houston, Texas, 150 
miles: branches Houston A Columbia, 50 miles; Phelps to Hunts- 
Till*, 7 mile*; Mlneola to Troupe, 44 miles; leases Round Rook to 
Georgetown, 10 miles; Henderson to Ovnrton, 16 miles; Galveston 
Houst. A Heml., Oalveston to Houston, 50 miles (used Jointly with 
M . K. A T. since December, 1895. See V. 61, p 1013); total, 825 miles. 

ORGANIZATION. Reorganized without foreclosure In 1892 under plan 
In V. 54, p. 203, 366. Stock authorized Is $25,000,000; outstanding, 
90,755,000: par. 9100; controlled in Interest of Missouri Pacific. 

Owns 4,999 shares of U. H. A H. stock. Bee V. 61, p. 1013, 1064. 

BONDS. Tin- ircontl mortgage Interest is scaled to 4H> per cent unti 
and Including Sept. 1, 1897; thereafter It will be 5 per cent; but 
In case of default the rate reverts to 6 per cent as formerly. Second 

ort Kant' bonds are reserved to take up the $3,000 old incomes. 

bonds for $3,000,000. until after 



The third mortgage 4 per cent 
pt. 1, 1897, draw interest only if 



Sept. 
vision 



respecting payment of interest In V. 56, p. 82. There is also 
outstanding fractional bond scrip (In Dec., 1896.) for $35.887. The 
eerti/ltatei of ' ' ' ' 
In trunandi 
ID cash Nov. 

E ARKINGS. On 775 miles, not including Gal v. H. A H. For year end 
Ing I>ec. 31, 1896, gross, $3,522,384. In 1895. gross, $3.277,657; net, 
S75O.459; deficit undercharges, $47,917. against a surplus of $21,621 
In 1 494. 



For years ending June 30, on 775 miles (G. H. A H. not included): 

Orott. Ket. Other inc. Charges. Balance. 

1895-96.... $3,174,112 $691,622 $34,771 $889,802 def. $103,409 
1894-95.... 3,491,653 1,125.263 14,201 58,99 sur. 280,555 
1893-94.... 3.107.763 738,317 39 863,000 def. 124,644 

-(V. 61, p. 1013, 1064; V. 62, p. 778, 1038; V. C ,,,.647.) 

Iowa Central By. Operates from Peoria. 111., westerly to Oska 
"?!*' ' lllencc northerly to Manly Junction, la., and branches, viz.' 



Own ' Hues. 
Iowa June., HI., to Miss. River. 89 
Mis*. River to Oskaloosa, la . . 95 
O*kaloo* to Manly Junction. .154 
Branches to A lb la, etc 165 



Leases Miles: 

Kelthsburg Bridge over Mibs.. '. 
Track, Iowa Junct'n to Peoria : 



Total of all 509 

In 1896 began op. ratine Jointly with Burl. Cedar R. & No. the line 
mly June, to North wood, 11 miles, formerly leased to that road 

- ** p - 653) ' the Central 



~ r:vr 8TOCK - The preferred Is entitled to 5 per cent (non-cumu- 
lative), then common to 5, then both share pro rata. (V. 62, p. 548 ) 
DIVIDES. On preferred stock In 1892 paid 1 per cent; none since 
BOKD*. Mortgage trustee Mercantile Trust Co.; abstract V 49 p 582 

V mo , n n tn M18i{ gross, $683,337; net, $207.967 

>v.30. $1895 gross, 786,942 ; net, 309,460 

fiscal year ends June 30; report for 1895-96 was 

^^fiT~of^ 4 SS5^f8i7 1 iWT^W^ 
"rtS^SSSffi^ lu 18 ?i 9 9 6 6 - 9 - 10 s SS Saiift ^* a 

Ar'ge miles of road operated. 499 49s ' 

8ro**earnlng 91,839,708 $1,509,221 

Jet earnings (overtaxes).... 617,385 
Total net rec'M (inol. rental*) 631,721 

Interest, rentals, Ae 373 ir>3 

Improvement* 80,238 



,, 
458.434 
473,185 
378,347 
24.S75 



498 

$1,811,567 
552,367 
566,792 
H88.283 
36,425 



V. 62, p. 779, 8H9 9O8 1087- V 63 " 30 880 $48,827. 

toTaTare, 29 mlle- tital j T i ^"u-'^mn'^i" Eu8ti8DI ^8anford 

7 mw luuro, i4i lui J.I. X K. W., 200 UllleS. 

irop Smith. Clialnnnn. 517 
8. Elliott, Henry N. Paul. 



O^ er four-flfths of the firsts had been deposited in April, 1896. Con- 
sols are represented by Simpson, Tliacher A Barnum, New York. 

STOCK Stock July 1, 1892, was $3,010,000, of which it is said 
the Florida Construction Co. owns $2,715,300. 

EARNINGS. 9 months, ) 1896 ........... gross, $218,755 ; net, $5,178 

Apr. 1 to Dec. 31. J 1895 ........... gross, 227,346; def., 6,673 

REPORT. Report for year ending March 31, 1896, in V. 62, p. 1137. 

dross. Net. Other inc. * Charges. Balance. 

1895-96 ____ $317,278 def.$5,667 $954 $172,729 def.$177,442 

1894-95.... 668,782 200,428 1,778 230,271 def. 28,065 

1893-94.... 766,328 263,137 1,248 294,757 def. 30,372 

* Charges Include taxes, accrued interest, etc., for year; for details 
of vai/ments by receiver see V. 62, p. 1137. 
-V. 63, p. 794. 

Jacksonville Terminal Ky. Owns union freight and passen- 
ger depots [the latter opened Feb. 1, 1895,] and terminal properties at 
Jacksonville. Fla., including 20 miles of track, used by Savannah 
Florida A Western, Florida Central A Peninsular and Jacksonville St. 
Augustine & Indian River (now Florida East Coast Ry.), which com- 
panies guarantee by endorsement the principal and Interest of above 
bonds ; trustee, Metropolitan Trust Co., N. Y. Property Is also used by 
Jacksonville Tampa A Key West. 

Jefleraon. Owns from Lanesboro, Pa., to Carbondale, Pa., 37 
miles double track; branch, Hawley, Pa., to Honesdale, Pa., 8 
miles. Leased in perpetuity to the Erie RR. Co. for $140,000 per 
annum for main line and $14,940 forbranoh. Used by Delaware A Hud- 
son to reach Carbondale. Stock, $2,096,050; all owned by Erie RR. 

Jollet & Northern Indiana. Owns from Jollet, 111., to Lake 
Station, Ind., 45 miles. Operated as part of the Michigan Central sys- 
tem. Road opened in 1854 and leased to the Michigan Central. Stooli 
($300,000, par $100) carries dividends of 8 per cent per annum. 

Junction (Philadelphia). Owns from Belmont. Pa., to Gray's 
Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadel- 
phia A Reading and the Philadelphia Wilmington & Baltimore railroads, 
coming into Philadelphia, which three companies jointly guarantee 
principal and interest of bonds. Stock $250,000 (par $50), is all held by 
these threecos. DIVIDENDS in 1891 40 p. c.. in 1892 35 p. o., in 1893 
30 p. c.; in 1894, 15 p. c.; in 1895, none; in 1896, 15 p. c. 

Kami 11 lin & Michigan Ry. (See Map Toledo <t Ohio Central.) 
Owns Corning, O., to Gauley on the Ches. A Ohio, 172 miles, less 17 
miles, Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where C. 
II. V. A T. tracks are used. Also owns branch of 1 1 miles leased to 
Toledo A Ohio Central and Col. Shawnee A Hocking Ry. 

HISTORY, ETC. Reorganization in April, 1890, of the Kanawha & 
Ohio Railway sold in foreclosure. (V. 5O, p. 451, 483.) In Oct , 1890, 
a large Interest in the stock was acquired by the Toledo A Ohio Central. 
which has guaranteed the bonds, principal and Interest. (See V. 52, p. 
165. 351.) The first mortgage bonds are authorized 8t $15,000 per 
mile of road actually constructed. Current liabilities June 30 1896, 
$211,717. 

LATEST EARNINGS 5 months, 5 1896.. ..gross, $188,076; net, $45,412 
July 1 to Nov. 30. ? 1895.. ..gross, 211,788; net. 50,358 

Deficit under 5 mos. charges $5,934 in 1896; deficit $808 in 1895. 

ANNUAL STATEMENT. Fiscal year ends June 30. In year 1895-96 
gross (includlngotherincome$l,978), $472,969; net, $116,129; interest 
taxes, etc., $122,627; bal., def., $6,500. In 1894-95 gross, $423,156; 
net, $109,839.-(V. 57, p. 22, 62; V. 63, p. 503, 792.) 

Kansaa City Belt. From Argentine to Valley of Blue River, 10 

X Sto , ck au i ho . zed $2,500,000 (par, $100); outstanding 
$100,000 (par, $100); owned one-half by Atchison Toiieka 
A Santa Fe and three-tenths by Kansas City Fort Scott A Mem- 
phis and two-tenths by Chicago Milwaukee A St. Paul. Double-tracked 
and used for a terminal road at Kansas City, being leasel for 99 years 
from 1888 to C M. A St. Paul and Atohison Top. & S. Fe (jointly with 
other companies) for payment In each case of 3 p. o. per annum of 
cost of property used with equal proportion of cost of conducting 
tiansportation and malutcuance according to wheeHge. The mort- 
gage is for $2,500,000. EARNtNOS.-For year ending Deo. 31, 1895, 
cross, $227,058; net. $138,325; interest, $118.800. Year ending June 
30, 1895, gross, $238.741; net, $149.132; charges, $127,909. Presi- 
dent, Edward S. Washburn, Kansas City, Mo. 

Kan nan City 'Clinton A Springfield. Owns from Cedar Juno 
Mon, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant Hill 
Mo., 10 miles; total, 174 miles, but only 163 miles operated. 

STOCKS, ETC. -Stock Issued, $1,775,400 (par $100), one- half owned 
jy Kansas City Fort Scott A Memphis RR., which guarantees the 
bonds; due that company July 1, 1896, $423,000. 

ANNCAI. REPORT. Fiscal year ends June 30. Report for 1894-5 in 

61 ' 10h0W<i gr 88 earnings, $414,328; net, $175,185; in- 



Kan*as City Fort Scott A TCemphln Hit. Owns main line from 
Kansas City, Mo., to Memphis, Tenn.. 485 miles, with branches, 223 
niles; total owned, 708 miles. Controls the Current River RR. (Willow 
Springs, Mo., to Grandin, 82m.), owningJf942,OOOofits$l,606,OOOstook 



JANUAET, 187.] 



BAILBOAD STOCKS AND BCXND& 



I T - ' XorwotxT Chmk 



rSr-7 csr-T5.*r x ep"" wiWto>. 

/Worth A/ X. ._ EH.TV- 1 

-r^ _ jjf \. /tiT.iou I V- 






Omir.il. c^^i^A NV'I 



MAP OP THE 

KANSAS CITY & NORTHERN 

CONNECTING RAILROAD 




70 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



C^^r^^r^M? 1 ^ J* 

d^m^^L. 



Hogan *&*>,, 



Hot Springs Bentc 
DHHH^ Mount Ida *\ .P* 



" ^1V R ; 



^^Vi^O^Or^ 

OF THE 

KANSAS CITY, PITTSBURG 

AND 

GULF RAILROAD. 




JAXUAB.Y, 18M7.1 



RAILROAD STOCKS AND BONDS 



71 



ubvrlber will confer a treat favor hy 



Immediate notice of any error discovered In these Tables. 



RAILROADS. 


Miles 
of 
Road 


Date 
of 

Bondi 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 
Stoekt Last 
Dividend. 


8*er explanation of column headings. Ac., see notes 
on tint page of tables. 


Rate per 
Cent. 


When Where Payable, and by 
Payable Whom. 


Tanjoj City Fl Scott m JfempAi* Stock 






8100 
100 
1OO Ac. 


$9,997,000 

2!l97|oOO 
n-jo.ooo 
571.000 
84,000 
492,000 
390,000 
12,879.000 
1,606,000 
3,000,000 
761,000 
3,153,320 
6.3O7.O40 
1,000.000 
189,000 

(11 
m 
See text. 
2,713,000 

14.492,000 
5,000.000 
503.000 
48O.OOO 
4.750,000 
1,000,000 
750,000 
1.550.000 
300,000 


See text 

See t.-xt 
7 
6 
7 
7 
7 
9 

9 

*L 

5 
.* 

9 g! 

if 
?' 

7 


J. A D. 
Various 
M. A S. 
M. A S. 
M. A S. 
F. A A. 
M. A N. 
A. A O. 
A. A O. 
J. A J. 
M. A B. 
Sept I 

M. A- S 

F. A A. 

J. A J. 

J."A"J. 

J. A J. 

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

J.'A'D. 

F. A A. 

F. A A. 

M. A 8. 


Boston, Of., 50 State St. 
do do 
Bost, Nat Webster Bk. 


Feb. 16, 1891 
Feb. 15, 1893 
June 1, 1908 
On demand. 
Sept 1, 1910 
Sept 1, 1910 
Sept. 1. 1910 
Aug. 1, 1922 
May 1, 1928 
Oot 1, 1927 
Oct 1, 1929 
Jan. 1, I9O5 
Mch. 1, 1934 
Mch. 1, 1934 
Mch. 1, 19O3 
Aug. 1, 1909 

1927 
1927 
Jan. 1, 1933 
Jan. 1, 1927 

Apr. 1. 1923 
Jan. 1, 1907 
June 1, 1920 
Jan., 1907 
June 1, 1894 
June 1, 1920 
Feb. 1, 1923 
Feb. 1/1923 
Mch. 1, 1928 








K. C. P. 8. A G. 1st M., I'd. CT..S. f.. dr-n at llO.e- 
lO-year per oeat coupon notes (over-due) 


100 


1879 


Ft. Scott So^eaatern A M.. 1st M.. dfwn at lOS.e* 
Short Creek A JopUn 1st M., drawn at 105 o* 
Memphis K- A Col. 1st M. (see text) o* 


103 
22 
90 
26 

708 
81 

73 
72 

194 
XAB. 

mg 
Ml 

02 


1880 
1880 
1884 
1889 
1888 
1--7 
1888 
1889 

1894 
1888 
UM 

Text. 
Text 
1894 

1-7 

1893 
1877 
lag 


1,000 

i.ooo 
i.ooo 

1,000 
1.000 
1.000 
1.000 
1.000 
Sim A.- 

-..M. AC 
1,000 

1,000 

1,000 
1,000 
500 Ac. 
500 Ac. 

1.000 

KM. A. 
1.000 


do do 
do do 
do do 
do do 
Bost. Nat. Webster Bk. 
Boston. Nat. Union Bk. 
N. Y., Un. Tr. Co. & Bost. 
Bost, Nat Webster Bk. 
Boston, Old Col. Tr. Co. 


Kansas A Missouri RR. 1st mortgage . 
ConsoL mortgage (825,000 per mile) not dfn. .0* 
Current Rlv/RR. 1st mort., 820,000 p. m., guar. 
Kan. C.A M. B'y AB > dcelstil.g.^.f..df nat llO.c' 
Kansas Equip. Co. 1st M. gnar.. s. f., red. at 110. 
SOT. C. MtmfJi.* JMr.-Gen.M..84,5OO,000,enr.o* 
Income, aon-eomulatlve. 87.OOO.OOO. our c- 


MeenpUs Equipment Co., gnar.. red, at 110 e' 
fmn*mt OUwjUfirOkfrn Conntetig KK. 


Boston Office. 


Ian. oJyjrort'lMislsrii- Mort, gold. Bee text'.'e* 
JT. C. * Om.-lit M. ($13,000 p. m.) g.. Int. gu.c-.tr 
tantai City * Pmetjle BEE MIMOL Kl KAXSAS A TE 
Kan. C. PUt. * O*lf.l*l mort. gold. Inc. 4 yrs.c- 
1.0. ft. 7o.rf 0ow..-Con. M. (Nos. 1 to SOO pf.ic- 
1st Ms. Nod. and Tark. VaL RRs. s. f. (dr.at 100) c" 
Funding notes .. . 


N. Y., when earned. 
July, '96, coupon paid. 
July, '93. coup, last pd. 

1st coup. nay. Oot 1, '97 
Boston, 2d Nat'l Bank, 
do do 


Kan. Oil* Suburban Stlt -Block 




100 

1.000 

1,000 

i.ooo 

1.000 


See text. 
Og. 

9 g'. 
9 g 




1st mortgage, gold... ...p 


30 

To 

5V, 


1890 
1892 
1893 

1 -_ 


Phils., Union Trust Co. 
Phils, of., 4OO Chestnut 
do do 
PhlL.Prov. Life A Trust 


ConsoL Terminal Rv. of K, C.. 1st M.. gold,. ...e' 
Union Ter. RR. Co. 1st M. (82.OOO.OOOi g. guar.e* 
Kansas City A Indep. Air Line 1st M.. gold. .CAT 



1889, 1890. 1891, none 
>, 3>. 1. 



Owns one-half capital stock of K. C. Clinton A Springfield and of K. C 
Memphis A Birmingham Bit.; also SOO shares Kan. City B 

OBOAXIZATIOX. Formed la 
C. Ft Scott A Gulf and 

Divii,EDe.-On t year, 1886, 1887, 1888. 
ttmmtit staee '85, ( p. o.. 4, 4>e, 8s, 8, 3>. 

Oa fnftmal year. 1881. 1882 to 18*0. 18*1. 18*2. 
sine* 1680. i p. e.. 8>. 8. yearly. 4. 8. 

BOXIM -Consols (Umlsi !ew Knglaad Trust OB. of Boston) are 
reserved to provide for all prior beads when due. 

LATEST EABXIXOS. Including K. C. C. A 8. aad Current River. From 
Jolj 1 to Nor. 30, 3 sssnths: 

V". caoryss. 

040.411 8984,898 

643.219 977,303 O5iOO8 



3, since. 



GBIKB 4 1. Fix A*CEB.-on JUM 80. 19, Mils payable were 8W2.278. 
The K. C. F. s. A G. coupon aotes tor 932O.OOO were doe la Dee.. "99. 
aad Jaa. aad Feb. ..-96. 

A- -rii. REPoBT.-Flscal rear eads June 3O. Report for 18*9-96 
was la V. 63, p. 1133. The saralags below are oa the road owaed : 
rsn*t/WM80. 1896. 1MJ i--i UM 

uae*0 708 971 -~i> 07O 

..83.91.B4 88.983.033 84.4O6.740 89.111.132 
..81.200.69.-. 81.191.489 81.209.187 91.308,217 
1.147,18* 1.0*9,278 1.129341 1.1O4.6O6 



.011 

- 



Deaeits paid on Corrent River RR. and Kansas city Clinton A Hprinc- 
6*14 RR . la 1892-93 9,8>6| la 1893-44 679,118. (V. 39, p. 879; V. 
60. p. 301; V. 01. p. 37. 379. 868; V. 03. p. 134. O4. 1 1 >.) 



City Meaaphl. A Klrmlnchasn K 

phi* *e Blrmlncnasa. Ala.. 233 aUles. aad 

, ftttd S*M*M* B sMP* AlsV* 83 HtM i Iot*l, X7T 



from 
to Aberdeen, 



810O. 



BTOO. TBAtno OU&BAVTT, ETC. -The stock hi 9S.970.ooo-. par, 
Tha riBsas Ctty Fun SosU A MssspMs ewas half tfa sSesTaaT , 
falae gjaaraatM of 10 per eaat of cross earnings derlred from baidne 
to and rroa this road, to ba SBBbsl to bMrastT la 18*4 the compan 
WM raorcaalsed uadw plaa of D*OMBbw. 1893.-<8e V. 97, p. 938.) 



1894, with 



Jnly 1 to Nov. 3o (B months) 

w 




18*6 998M07 9103.808 98S.933 98O.273 

18*9 318,44.-l 100,173 00.337 .<.-.(-. 

AXXCAL REFOBT. Earnings for years ending Jaae 80. have been : 
rear. Orss*. .fit. fMJur Int. InUrttt. Bat.. Hur. 

....91.1W.031 9333.701 B23.749 9176.965 872.545 
.033,603 163.027 24.0HO 143.314 42.373 
1.077,847 1*2.040 30.793 183.212 79,621 
1. p. 9J. V. 63. p 154. <O4, 11*6.) 

Kan.a. liy A Northern (onnertlric HB.W4M llap.t- 
Cnder luaetl uetion Pattoasborg, Mo., to Kansas City, Mo., 72 miles. 
The K C A Atlantic, Honh 1C C. to Mmlthvllle. 2o miles, was par- 
phased la January. 18*7. and will form part of the main line. 

Oao Phis road Is owned by the Kaasas City Suburban 

statt Ry. Co., whose extensive terminal. It will use at Kansas Cltv. 
When completed It will he operated la close connection with the 
ream - .i.arg A Uulf (see map for that company), forming 

pan of the new through route to the <iulf of Mexleo. 
The Omaha A St. Louis (149 miles) and Qataey Omaha A K. C. (139 
> will he eoaaaeted by line from Trenton to Pattonsbnrg (Omaha 
A Eastern Ky.i. JO allies, and later, when the three roads shall 
shows their capacity for two years to cam 5 per cent nn Ural 
"le bonds at fco.ooo per mils, will be consolidated with the 
Ctty Connecting RR.. making a system, the Omaha K. C. A 
" a.-V.02,p. 1177 

83.000,000, at 935,000 per mile, of 

u 



tor subscription In June, lftfl. and are to 

date as of Jaa. l . 1897. Fall particulars regarding them were In 

^1177. Later, when the consolidation above referred to takes 
Bonds, aad saw the stock. It Is provided, may be exchanged, 
r dollar, for fire* mortgage bonds and stock respectively ol the 

AK. P 8tiTwell -V. 03. p. 1*0; V. 64, p. 134. 
'Hi >orthwestern MM. Road Kaasas City to Vir- 
102 miles, of which Heneea to Axtell. 11 miles, and South 
aven worth t. l^avenworth, 1 mile, are trackage, and 2O miles, 
fJBmeraeM to Virginia, was formerly the Kaasas Ctty A Beatrice. 
Braaehs. 12 miles. Total. 174 miles. A reorganisation of the K. C. 
Wraedotte A H. W., foreclosed Jan. 9, 18*4. Stock, 8 (t) ; par #1(M. 



Ry.. 





Bone. Mortgage for 83.30000O (Mercantile Trust Co.. N. Y.. 
trustee) Issued InJuly. -1894. Of the bonds, 8900.0OO are series "A/ 
preferred" as to principal and Interest, and are redeemable after 5 
years at 1O3: pnxeeds were used to pay purchase price, etc. Bal- 
ance of Issue for betterments. Road belongs to Mo. Pao. V. 59, p. 152 

EABXIXOS.- For calendar year (on 174 miles) cross In 1 896, $301,597, 
against 8257.529. la year ending June SO, 1895, on 153 miles 
(Kaasas City A Birmingham not being Included) were, gross, 8264,796 ; 
net, 937.280; other Income, 83.149; charges, 965,996; balance. 



Kansas City A Omaha KB. Owns Stronhurg to Alma, Neb. 
150 miles, and McCool Junction to K. C. A Omaha Junction, 44 miles 
REOBOAXIZATIOX. Messrs. Clark. Mink, Anderson and Ooudert 



(receivers of Union Pacific) were appointed separate receivers In 
October. 1395. Reorganisation Committee: F. P. Olcott. Anthony J. 
i B. William*. E. Bllery Anderson. E. C. Benedict. 



Thomas,' 
Isldor W, 
M. Y. 



. Olcott. Anthony J. 
n. E. C. Benedict. 

aad 8. L. Parrlsh; deimsltory, Central Trust Co., 
was sold la foreclosure July 8, 1896, and purchased 



by the committee fur 9150.000. To make the purchase and for repairs. 
etc.. the bondholders were asked to 



led to pay an assessment of 910 > per 
vaybai l>ecn organized, but complete 
L-V. 63, p 504. 



bond. The K. C. A Omaha Kail 
reorganisation will be deferred. 

STOCK A.XD BoHM.-TBe Union Paelflc owns 91.595.SOO bonds (under 
IU6 a. o. collateral trust of 1891) and l.72.V:J73 of the *I.410.OOO 
stock (par 9100) and 8t Joseph A Grand Ulaud owns 91,833,900 stock. 
Coupons due Jan. 1, 1894, were not paid. 

EaaxniQs 8 months, < 1890 gross. 963. 134; def,. 93.6"3 

Jaa. 1 to Aug. 31. } 1895 gross. 42,822; def., 26,847 

For year 18*9 gross, 875.415; deficit under operating 828.370. In 
1894. gross, 8112,049; def., 834,707. (V. 62. p. 819; V7B3,p.76, 5O4.) 

< lit riu.bnra; A nlf HH.t8re Jrnp.j-ProJected 
from Kansas City to Port Arthur, near Gulf of Mexico, 769 miles. In 
operation January. 1807, Kansas City to Mena. Arkansas, 38O miles, 
Horatio to Shreveport. 124 miles, and Beaumont to Port Arthur, 19 
miles: Wilton to White Cliff, Ark.. 7 miles; total, 3:) miles. The 
remainder of the line. Mena to Horatio, 63 mile*, and Shrevaport to 
Beaumont. 181 miles, will be completed In Feb., 1897; about 100 miles 
being already completed. 

COXSTBCCTIOX CoxrAXiE*. Arkansas Construction Co. (capital 
85,300,000 authorised) has contract for construction to Shrove 
port. La,, from whence the K. C. Shreveport A Gulf (chartered In 
Sept.. 1894.) will build to Hablne Pass on Gulf of Mexico, where depth 
of water Is 24 feet. V. 63, p. 397. The Kansas City Terminal Con 
structlon Co. was organised In 1893 to build the K. C. Shrereport A 
Gulf. Construction stock. 9:<,<MX>.ooo : par, 8100. The oountnietlon com- 
panies get 839.OOO per mile of bonds sad s like amount or stock of the 
railroad company, and have Interest In town sites and subsidies. 

HTOCK.-K. a P. A Gnlf stock authorised (930.000.OOOi. 825,000 per 
mile; par 8100; outstanding In January. 1897. 913,824.000. 



us, Pint mortgage gold bonds at 833.000 per mileof main track 
authorised la April. 1893. Interest on which until April. 1897 
will be payable only If earned, but on April, 1893 coupon, 910 was paid. 
Mortgage covers equipment. Missouri Kansas A Texas Trust Co., of 
KansaaCHy. Mo., and the State Trust Co., of N. Y.. trustees. Philadel- 
phia Stock Exchange reports 91 4.492,000 firsts listed to Jan. 21. 1897. 
EAJMTIXM. For year ending Deo. 31, 1896, gross paining* were 
8809.021 : 1895, cross earnings. 9532,339. In year 1894 gross. 9390. 
121; net. 8169.236; rentals, etc. (not Including bond hit 



balance, surplus for year. 91 07.92O. 

, i:u , 



rest).861.:n c .; 
oAce, 30 Wall St. (V. 64, 



a City t. JoM-ph A Council Bin IT..- fSee 3lap 

Ckitago Burlington 4t Oninfw.i Owns from Kansas City to Council 
Bluffs, 194 miles, branches 5"> miles . proprietary lines (Nodaway Val- 
ley and Tarklo Valley rsllnads), 62 miles; total 310 miles; 
eased to other companies, 7 miles: leaving total operated, 3O9 
miles. The capital stock llnrliidifg Nodaway A Tarklo Valley) Dec. 
31. 1895, 85,988.374. Stock for 5,2li:<.'.'!)3 was purchased by the 
hlcago Burlington A Qulncy In 1 HMO. and the road Is operated as part 
nf that system. Consols. Nos. 1 to 3OO, In.tli Inclusive, bare a prior lien, 
flee description of mortgage In October, 1896. 8urPi.KMr.ST, page 1. 
DIVIDEXIIS, In l!i:t. Dec.. 8-63 p. c.: 1894, Deo., 8 p. o.; for 1895 
declsred In Feb., 1 *!ii>>. on $5.263.200 of stock, 4-89 p. o. 
EABXIHOS. In ve.ar ending Deo. 31, 1899, gross earnings were *!,- 
'; net, 717,OO7: other Income, 817,595; Interest and rentals, 
vldends, *-J.".7.:i7o; balance, surplus for year, 821,450. 

a City sjnbnrban Belt. (See Map.l ROAD Extends 

from Second Utreet and Broadway around Kansas City, vl the Bast 
Bottoms and the valley of the Blue and Brush Creek, providing 
terminal facilities for the railroads centering at Kansas City, and 
urnlsnes quick transit from the manufacturing suburbs along the 
tine Valley. By connection with Union Terminal KK., In Kansas City, 
Kansas, this road also reaches the West Bottoms by a system of via- 
[nets, and here make* direct connection with every road entering 
Kansas City from northwest, west and southwest. 



UJVE8TOB8' SUPPLEMENT. 



[VOL. LX1V. 




JANI-ABY, 18w7.J 



RAILROAD STOCKS AND BONDS. 



73 



Hubserlbera will confer great favor by tiring Immediate notice of any error discovered In these Tables. 



RAILBOAP8. MUi| 

Por explanation of column beading*, Ac., ee note* of I 
on flrst pace of table*. Road. 

OH* Waikinti OH// lit mort., gold c* 98 

JfnfteMl-lstaT., gold, 915.OOO per mile i- 107 
~ alsw-Rec'rs' oerts.8100.000 



Date Slie, or 

of Par 
Bond* Value. 



INTKRFST OR DIVIDENDS. 



oi - 
pal, When Due. 



Bate per When Where Payable, and by I" Btocki Last 
Paj . able Whom. Dividend. 



lmortcace, gold. 



New Albany Belt A Term. RR. 1st M. end., gold. . 2 

fa**** 4 DC* Jfo. Preferred stock, 8 per cent .... 162 

1st mortgage. Interest cnar.C. R-LAP o- 162 

****** 4 TrsWm-Ooauaon stock 148 

Mortgage notes of 1886. '94 aad '90 

sTsnamiM grsn Bay ** WaUi lt mortgage. . .e 

StoffHim 4 ftoneraJto-lst M..cold.(redem. at 1O5). 113 

fmm. * OAiolst mort., cold, guar. by rent. e'*i 66 

l.nkr frit <t W**l*rm Com. stock. 93O.OOO p.m. 725 

Pref. stock. 6 per cent inot earn.) (920,000 p. m.) . 725 

1st iLOrtcace. (910.0OO per mile) gold. o' 720 

34 norv? for 93.6i5000(90^0 per mile gold c 720 



IM8 
1887 
18*4 

1881 
1889 
I8M 
1890 

1878 



1891 
18M 



1,000 



100 

100 Ac 
100 < 



#1.9(i7,4OO 
1, 60S 1 00 
75.OOO 
l.OOO.OOO 
HOO.OOO 
400,000 
300,000 



6 ft 



J. A J.July ,'95, coup, last paid Jan. 1, 1930 
J. A D. Deo., "93, coup, last pd. June 1, 1937 



M. A 'B. Mar. '96ipd! July 1.'96 
A. A O. Apr.. '93, coup, last pd.j 



J. A D. June,'93,ooup. last paid 
J. A D. June,'93.coup. last paid 
1.524.600 See text See text N. Y.. Office. 13 Wm. St. 
A. A O. do do 

!A. A O, N. Y., Cuyler A Co. 



1887 

1891 



v>aar. 1O per eeat teak (Mick. So. A No. lad.) . . . 

BoJalo A Brie 1st m. (B*ffatoJf.Y.,to Erie, Pa.) c 

Lake Shore dlv. bonds IBuffalo to Toledo, O.)...c 

ConsoL Istmortslak. fund 826OOOO vearly e*r 

ft. (for 925.000,000). do CAT 

mro A Toledo 1st mortgage, guar.. c 

A Watte Plfaea let mort. gaar c 

- A {.(see M 



308 
809 
809 

I 



1868 
1869 
1870 
1871 

1-7-: 



Bat. Cr. A Star. 1st 

Stargis Ooshen A St. 

KaL Allegan A Gr. Rapids stock. 



Erie A I 



, . 

tl..g..guar. p.*UseeM.Cen.) 41 

St. L. 1st mori, g., p. * I. a>tr M 

. Rapids stock, reatal nar 58 



_. 1st M.lL.8. owns 9369.000I.C 
i Qsa sad) *fk, Toledo to Adrian 



If 

01 

M 



i--.. 
1--.. 



1888 
1863 



1.000 

l.OOO 
l.OOO 
100 I 

100 
1,000 

1,000 

100 , 
100 

500 Ac. 
1,000 
1,000 
1,000 
1,000 
l.OOO 
1.000 

"Too 

1.000 
1,000 



2.750,000 

4,000,000 

275.000 

378,000 

572.OOO 

2,000.000 6 g. 

11.840,000 

11,84O,OOO See text. 
7,200,000 5 g. 

2,600.000 5 g. 

-T.MMI-...MMP sve t.-\t. 
533.500 10 per an 



J. A D. Jos Walker's Song,N.Y. 

J. A J. In default. 

J A J. N.Y.,J.P.MorganAOo. 



2,7OS,OOO 

1.355.000 
14.440,000 
14,692,000 
924.000 
40O.OOO 
79.000 
322,000 
610.OOO 
840.000 
298.000 



7 
7 
7 

7 
. 

3 g. 

.v.'-. 


7 



A. A 

J.A' 

P. A 



P. 15 
A J. 
A J. 
A A. 
A A. 
A O. 
A O. 



Mar.. 1911 
April, 1919 
Deo., 1916 
June 1, 1920 
Jan. 15, 1895 
Oct. 1, 1928 
Oct. 1, 1896 
Option of Co. 
June 1, 1921 
Jan. 1, 1919 
July 1, 1925 



N. Y. Office, 80 BrMway 
N. Y.. Chase Nat Bank. 

do do 

N.Y..GrandCent. Stat'ii 

do do 



Nora.- f Interest on raglstered bond* I* paya ble Q. 



.......... 300.000 10 p. an. 

J.; o n coupo n hood* J. A J. _ 



Coupons payable by 
Treasurer at Gr'3 
Central Station, 
N. Y. 



D. 
F. A A. 

J. A J. 
J. A D. 
J. A D. 
A. A O. 
J. A J. 
J. A J. 
T. A A. N.T., Or. Cent. Station. 



payable by Union 
Trust Company. 



Feb. '97,1 "4% 
Jan. 1, 1937 
July 1, 1841 
Feb. 1, '97, 3% 
Feb. 1/97, 5*4 
Apr. 1, 1898 
Apr. 1, 1899 
July 1, 190C 
Dec, 1, 1908 
Aug. 1, 1906 
Jan. 1, 1940 
Dec, 1, 1989 
Deo. 1, 1989 
Oct. 1896 
July 1, 1938 
Var. toJ'ly,'97 
Feb., '97. 5% 



OaOAXlXATtos.-Ia 1899 consolidated with the Consol. Terminal Ry 
, and la January. 1*93. bought the entire capital stock of the Kansas 
A InrtepsadaaM Air Line Company. (V.50. p. MS.) Alo own* all 

Belt 




'aft*-- 1 " 

: Kansas A Texas Trust Co., of Ks.nea < Mty. 

v lad. Air Line 2ds of 1898 have all been paid off and 
i. to be canceled. Of tae91.35O.OOO Ua. Term. IstSsof 1893 
are held In treasury of K. C. P. A O. and by the M. 



EtKXiios. -Year ending Dec. 81. 1896, gross, 8340.060. in 1890, 
- 769. In year 1*94. cross. 9249.037, acst. 8236.072 In 
1898. M. T. antoe. 36 Wall St. (T. 62. p. 1 177.) 

S1893 from Lake 
maekn 8 mile*. 
authorised 910.- 



1898. N. i 

anana City Walklns A (inlf. 
Charles. La. northerly to Alexandria. 

i tro*tee. Farmers' Loan A Trust Co. 1 
V* 00,. On Jaa. 30. .1894, Maak tor 



Watklai PrceMoat. 23 William st-.> Y. 



r 91.967.400 was oni- 
wae about 9100.000. J. B. 
(V. 90. a. 08*. 803.) 



Kanu. Vlldl.nd K>.-Ro*d from Wlshlta to Ellsworth. Kan.. 
107 mile*. Road opened In 1897. Leased la 18W8 to oM St. Louis A 
ian Praaclseo, but a receiver was appointed for Kansas Midland la 




Venlurhy A Indiana Bridge. -Owns steel eaatUevar bridgs 

over the Ohfo River at LomlsvUle aad mile* of railroad between 

LoiUvllle, Kv.. and New Albany. lad., aad 8 mile* of belt line la 

tile : abo operates New Albany Belt A Termlaal RR.. 3 miles, 

andownsLoul*. A New Albany Perry Co. and N. Albany Street Car Oe. 

RacBivEWHir. Defaulted en eoapoae Beat.. 1898. Bee V. 07, p. 01O, 
096. John MacLeod. P. W. Tracy aad sf M. Pelton are receivers. 
The Bait. A Okie o. W.. the Southern Railway aad Louisville New Al- 
bany A Chicago have acquired a block of the second mortgage and ter- 
minal bonds for the purpose of control Hag the property. See V. 63. p. 
1087; V. 6a.j>..y.5or PiMilssare sale aaTbeaa ordered ; upset 
price 9700.000. subject to ant mortgage of 9t.000.OOO.-V. 64. p. 83. 

8Bct7BrnEe.-Capltal stock 91.7OO.OOO (par91OO>. City of New Al- 
bany, Ind.. cuaraatoas 920O.OOO of 1st mortgage bonds. 

IBTEBUT PATn.-Plret mortgage Interest dne Mar. 11. 1896, 
was paid la July. 1896. at Louisville Trust Co. of Louisville. Ky. 



. 1896. 



9220.010: net 

^ 



Keokak At Dee W.I n. -Owns from Keokuk, la., to Des Motne*. 
4 tor 46 years troai October 1, 1878, to Ike Chicago 
Railway, the lessee to pay 30 per eeat of tie 

--_ ran less tke latereet (not the principal) on the 

k Is 91.024.900 8 pereeat preferred and l2.6OO.4OO 
pf each 910m, a majority of wueh ls held by the leaser, 
i on preferred In May. 1893. of 92 4O per share; In 1894, 
i. 99 eents par share: la 1996. Jan.. 9O centaur share; In 189ft. 
eae. Plscal year ends Sept. 8O. Rental la 1893-98. 9101,700; In 
1898-94, 8151.924; la 1894-90, 91*7.000; la 1890-99. 137 jJoO. 




B.-Alcxaadrla. Mo.,to Van Wert.Ia., 148 
m. Orcanlxedln 1888 after foreclosure. 
entire capital stack 
Das 



nk A Weetern 

rate* to Keokuk. 1 

tke entire capital stock and bonds of the Des Molnes A 
ty. sxtsaetac from Dee Molaes. la, U Gainesville, Mo.. 112 
x>w range, were purchased: A plan to pay for same Is to be 
.-< vVoT. p. 1064;V. 93. p. 880.1 
DrviDBjroe In 1888, 1 per eaati la 1891, 2 : In 18O2, 2 p. c.; In 1893, 

- la 1*94. 2 p. a.; la 1890.2 p. c,; la 1896. April, 1 p. c.,Oct- 1 p.e, 

*oe-10 months, )!* Gross. 9330,307 ; net.9116.892 

1 to Oct. 31. (1896 Grose. 3O8.268; net, 1O4.934 

for 1896 was la V. 63, p. 680, showing 
ea note*. 919.275; constmo- 

I-i l'*94.grc^9363>48:'^t, e 9M^i'9 WO p! T. Uugneat 
ipian, Keokuk, Iowa. (V. 62, p. 89O ; V. 63. p. 879.) 
n*. < onnly Klevated. Aee STREET RAILWAT StrrrLEMEirr 

toil. . M,,,l,.rl.nd ap A Lonlsvllle K/. Knoxvllle. 
L with tnanel at Cumberland Gap. to L. A N. at Mlddles- 

* miles; braaeaea, 7 mites Part of road (Knoxvllle to Ciimb. 

^'ANasirrule^ "!^^> T l fc- -? onlh ' r R / n<1 J" rt b ' lMatt - 




* 



Ry. and part by Loul 
la April. 1899. T. 89. p. 988; V 7 . 61. p. 471; V. 62, p. 



A Ohio. Owns from Kaoxvtlle. Tenn.. to Jelllro, 
knack. 99 mile* Operated by Southern Railway, which 
ol of the stock aa part of Its system. Stock I* 91.127 " 
Railway owaa 9767.OOO of the stock pli 
of 1994. EABJiiroe. Ye 




June 3O, 1896. gross. 9496,126; net. 9224,863; Interest. 9120 OOO 
balance, snrplu*. 104, S3. In 1194-95, cros, 9464,065; net, #143,389 

Intanja*. -IJM..L-I. 

Lake Krlr A Wrlrru Kallroad. (8te Map). Owns from San- 
dutky. O., to Peorla.111.. . mil branch to Mlunter, 10 mllea; 

Indtanapoll* to Michigan City, 182 mile*; K..rt Wayne to ConnerKvllle 
and branch to Kuhvllle, 1SS miles; toul owned. 725 mile*, of which 
691 steel; leased from Oct. 1. 1-n:.. tin- Northern Oblo RK., Akron to 
Delphoa, 167 mile*; total operated, 892 miles. 

HUTOBT. Era Company formed. In 1897_atter foreclosure of the 



Pern A Chicago. 163 miles, and In , 
Cln. A Louisville. (See V. OO. p. , 
oct. 1. 1890. Bea V. 63. p. 8?6. 



In March, 1887, purchased Indianapolis 
I In June, 1890. acquired Fort Wayne 



DiviDBme nKCE '91 5 Year. 1993. 
on preferred.- } P. ot.. 4H 



59O.) Northern Ohio was leased 

. - . r - . The terminals at IniUanapolls, 

Peoria, Port Wayne aad New Ca*tle are operated partly under lease. 
The company Ms about 88 miles of trackage and terminal rlitlm. re- 
calving about 957.OOO yearly. Por condition of road l>e<l. equipment, 
bridge*, etc., see pamphlet Issued by company In January, 1896. In Sep- 
tember. 1890, purchased the stook of the Northern Olilo-whloh sec. 

1893. 1894. 1890. 1896. 1897. 

0000 Feb.,1'4% 
BOKO*, Abstract of flrnt mortgage (Central Trust Company and A. L- 
Mason, trustees). In V. 46. p. 40; ofid mortcace (Cent. Trut f'o. of N. Y. 
and Roht C. Bell of lad., trustee.). In V. 54. p. 444. Guarantee* 82.- 
OOO.OOO Northern Ohio Oa see that company. Second mortnage bond* 
for *.VM>.OOO were sold In Sept.. 1896, for air brake*. oonpUhTeto. 
LATEW BAJumoa. January 1 to November 3O (11 months): 

,ii." Mm< **~ '""'" ** riatd elarytt- Bol.,*vrp. 

1*8 93.0ft7.348 91,2111,929 9640.183 9651.7ilil 

1890 3,208384 1.458.6O4 642,285 811.321 

AmrCAL RBroBT.-Plseal year ends Dec. 31. Annual meeting I* held 
at Peoria on flrat Wednesday In October. Annual report for 1895 was 
given at lenrth In V. 62. p. 818. 826. See editorial p. 802. The traffic 
U well distributed, only 6 per cant In 1890 being from coal. Average 
rate per ton per mile In 1895 was O-681 cent against 0-704 cent In 1893. 



rear md. Dte. 31. 1 890. 

earnings 93.519.101 

et earnings 91.803,960 

nearn. (54-40) 
(ntatest on bonds. . . . 467,000 
T-axe* and rentals.... 334.388 
D.yldaaas. (O) 592,000 



93.345,403 

91,479.552 

,-.-. 77 

i-.-..:i:ct 
837.949 

n -.--J.II.HI 



IBM 

93.512,620 

ri.i.-.:).^77 
[08-33) 
,978 



(08- 
444, 



(5) 592.00O 



1892. 

*:i..-.-.-,-i2 

91,620,359 

r,l-4f.) 

434.667 

2O0.033 

(5) 592.OOO 



898; 



surplus. 9309.175 92O4.569 
(I) 8143.593 

., President (V. 62, | 



8221.407 
9207.016 



9393.659 
9119.219 



-* Shore * tllrhlcan Hontnern.-^e Map ff. T. Central ) 
Operates from Buffalo to Cblosco with branches. The system, well 
fhowj on the map. Is made up as below. The main line (540 miles) 



map. Is 



Buffalo, N. T.. to 
snnd^braach- 



J A White Pigeon.. 

Northern Central Michigan. 
'-".*8t.L. 



Miltt. 

.. Ill Mil 

. inn 





.17 
.I 

ii 



. miles) 

Adrian, Mich., under lease from 

Ltoted. [T:ite tki, Co..] Milet. 

Kalamaioo A. A U. R 59 

Jamestown A Franklin 51 

Mahonlng Coal RR 00 

Erie A Kslamazoo(26m.) Text. 

Detroit Hlllsdale A 8. W ... U 60 
Fort Wayne A Jackson . . . . f 98 

Grand tot. oner. Jan. 1 , '96 . 1 ,44O 



Also owns 8 miles, nil vcr Creek to Dunkirk, leased to N. Y. C. ASt 1 

Of the main line 490 mile* ha* double track. By control of " Nickel 
Plate" the Lake Shore has still another line from Buffalo to Chicago. 

i, Ac. A consolidation on Aug. 16. 1869. The N.Y. Ch. A 
el Plate) road has been controlled by ownership of 
SPSJj^KSi 882 ' t * ke Shore now owning 86,24O,OOO of It* common. 
{6.275,000 of Its 2d preferred and 92,003,000 of It* 1st preferred stock. 
The company also control* and leases the Mahonlng Coal RR. [see Lake 
Hhore "System" below] and owns (beside* the entire stock of the pro- 
prietary line*) 92.670.696 Plttsburg A Lake Eric stock. 

CAnTAL STOCK. The stock has remained at 850,000,000 since 

171. The guaranteed stock of 9533,500 carries 10 per cent dividends 

DmDEBD*. Since > 1888. '89. '90. '91. '92. '93 to Feb., '97 ilncl.) 

P. Ct ( 4 6> 89 6 yearly (3 P. A A.). 

Boron. Interest on the oonsol. flirt mort. I* paid on coupon bonds' 
J. A J., on registered bonds Q. J. The flrst consol. or the bonds prior 
thereto are redeemed each year by 92AO,OOO contributed to the sinking 
rand. The bond* outstanding are given above leu* the amount* held In 
the sinking funds, which amounted to 86,250,000 Dec. 31, 1895. 

OUAEAHTIES. In addition to securities In table above, company 
niarantees by endorsement on each bond *1,OOO,OOO Cincinnati A 
ipringfleld lit 7*. de*crll>ed under Cl. Cln. Ch. A St. Louis. See also 
Detroit Hlllsdale A 8. W. and Port Wayne A Jackson. 

GENERAL FINANCE*, Ac. A Vanderbllt road having a large bualnete 
greatly dependent on traffic from competitive point*. 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 




JANUARY, 1897.) 



KAILKOAD STOCKS AND BONDS. 



subscribers will confer m sreat favor by giving Immediate notice of any error discovered In these Tables. 



RAII.KOAH- 



3>*r explanation of column beading*, Ac., see note* 
on flrst page of table*. 



MI:,-. 
of 



Date I Size, or 

of Par 
Bonds Value. 



took 



.-JfoAOKiHO Coal KX. -Stock. . . . 

, guaranteed p. c. Bee text 

1st M., Youngs, to And., etc., guar. p.Ai.(end).. .c 
Torn- * Tir.-l*tM. t >guar.byAt.A*byUn.P. 
Ms* Jnumnu JNswr lit M..g.,lnt.red'c 1 dio5p.o. 

2d mortgage 

WarwieFvalley lit A 3d Ms. (9240.OOO 2da) 

Wawayanda RR. 1st mortgage 

Lab. A Bod. R-GenJI. 93.O06.OOO. g.is 
elk-igk 4 ft* A-BfTd-Slste Valley RK. . 

1st mort.. 81.000.000. gold 

Campbell Hall Connecting (leased) . 1st mort. . . . 
v-Btoek (9100.300 Is 1O p. c. pref.) . 



Ktezti.c* 
i-t Mori 



43 
43 
43 
46 

42 

63 

Text 



INTEREST OR DIVIDENDS. 



l-Bonrf* Prtnol 

Rate per! When j Where Payable, and by P oe*^Lat' 
Cent Payable! Whom. Dividend. 



r..uiN,u amlrvk-1-t.-r.-.l 
...........,....................-....r 

do coup. an'/regi*..%4"j6 r 2f6oO are 4^Tc*r 

do annuity, 92.038,000 are 4>*s 

Lehigh A N. Y.. 1st M.. 92.OOO.OOU. g.. gu.p.*l.c'ir 
Lea. VaL of N. Y.. 1st M.. gold. gu. p. Al(end.)c'Ar 
Leh. VaL Ter.. 1st mort., gold, gu. p. A L.end.c-Ar 
Bwtm A Amboy.lst M.Eastoa to P. Amboy.gnar. 
Eastoa A No., 1st M.. gold, guar by L. Vat.. e* AT 

Dalaao Land l*tM.. gold. guaranteed 

Middlesex Valley, 1st mart. 9600.000. gold 
i-ena. A N. Y. Cau. A KR.-lst m.. endors. . .c-jtr. 

Consols (see text) guaranteed p. A L(end.)r 

Elmira CortTd A Xo. 1st pref. mort.. gold. c' 

1st M.. gold. | oar. p. A I. lead.) 

Cana.Xo.lst M." g..gn. p. at. by E.C. AM. as*.by L. V . 
al stock. 4% guaranteed 000 years 



( Oa 



Preferred stoek, 10 p. c.. mar. 900 y 

L.V.CoalCo.lst JI912.00O.OO<i.r -.f .n. 



101 
101 
US 

Me 

M 

117 



31 

00 

13 



103 

UM 

IM 
IM 



1889 

l-M 
1887 

7'.' -11 

1980 

1890 
1886 
1895 
1889 

i -";'- 
1870 
1879 



1879 
19M 

1890 
1991 

1880 
1893 
1893 

1 ...-_ 



1--. 
1994 
1884 
1886 



$50 
5O 

l.OOO 
1,000 
1,000 

1 .000 

5OO Ac. 

500 Ac. 

1,000 

IHI A.'. 

1,009 

I.IMN. 

30 

1.000 
1.000 
1,000 
1.000 
1.000 
1,000 
1,000 
l.OOO 

1.000 
\c. 
1,000 
1,000 
1,000 
1,000 

1,000 

1.000 

Too 

100 

1.000*0 



91,900,000 

661,850 

1,500.000 

1,380,000 

800.000 

201M-.MI 



See text. 
5 per an. 



U5.1HK) 

See text. 

r.l.500 
370.0OO 

soo.ooo 

40,441,100 
3,000.000 
6,000.000 

1-.4.IHX1 
10.4OO.OOO 

12,100.000 
2.000,000 
1 .',.000,000 
10.000.000 

6,000,000 

51.000 

1,177,000 
211,000 
1,300.000 

- 



. . 

750.000 
1.250.000 
300.000 
709,700 
90MOO 
10, ;-_., <. 



F. A A. 
J. 






6 
6 

5g. 

i* 

See text 
6 

6 

44A6 
44 A 6 



A J. 

A J. 

A J. 

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

<t-J. 
J/A D. 
M. A 8. 
J. A D. 
J. A D. 
J. A D. 



. 
3 g. 



4 g. M. A 8. 
4>*g. J. A J. 

5 g. A. A O. 

M. A N. 
M. A N. 
J. A J. 
M. A N. 
J. A D. 
A. A O. 
A. A O. 
A. A O. 
J. A J. 
F. A A. 
F. A A. 
J. A J. 



. 5 

6g. 
5g. 

n *. 

4 i-.-r.ii. 
HI l"-r .in 
S g. 



N. Y., Gr-d Cent. Stat'n. 

N. Y., Union Trust Co. 

do do 

July, '93, coup, last pd. 

N. Y., Nat. Exch. Bank, 
do do 

do do 

do do 

do do 



Phlla.,927 Chestnut St. 



Phila,, 228 So. Third St. 
ReK.atoWoe; cp.Bk.N.A. 
Phila. Of., 228 So. 3d St. 

do do 

Reg.at offlce;cp.Bk.N. A. 
Phila.. Ot.,228 So. 3d St. 
Phll..Leh.Val.Of.AN.Y. 
N. Y.,Merch.N. Bk.APh. 

do do 

Phila., Of.. 228 So. 3d St. 
Bee Off., 228 So. 3d St. 

do do 

X. Y., Central Trust Co. 
Phlla., Bk. N. America. 
Phtla.. Lehlgh Val. RR. 

do do 

do do 

do do 

Phil, office, 228 8.34 ft. 

do do 

N. Y. and Philadelphia. 



Feb. 1, '97. 7% 
Jan.,'97, 2i*H 
July 1, 1934 
July 1, 1913 
July 1, 1911 
July 1 1917 
1900 A 1912 
Jan. 1, 1900 
July 1, 1920 
July.l, 1916 
July 1, 1945 

1939 
See text. 
June 1, 1808 
Sept. 1, 1910 
Deo. 1, 1897 
Deo. 1, 1928 
Irredeemable. 
Sept 1, 1945 
July 1, 194O 
Oct. 1, 1941 
Hay 1. 1920 
NOT. 1, 1935 
Jan. 1, 1932 
Nor. 1, 1942 
June 1, 1906 
Apr. 1, 1939 
Apr. 1, 1914 
Apr. 1, 1914 
July 1. 1906 
Feb., '97, 2<* 
Feb., '97, 5% 
Jan. 1, 1933 



Nothing has I 
1983.1k* r- 



3. to* outlay* the 
6 to 91.ol3.9M 



"r <-. { stsaawj .< M -MI,-. 
itingtii 



In 18*4) for new equipment 
em* harg exclusive of expen- 

rplas Jan. 1. 1800. 91 1.637.485. 

Low grade* permit large train loads; arerage for 1895 318 tons. 

AJTVCAL Barosrr. Fiscal year end* De*itisc 31. Annual meeting 
Is held the flnt Wednesday In Mar at Cleveland. The annual report 
for 1893 was published In V. 6i. p. 8*4s see aUo editorial, p. 830. 
figure* for 1999 below are partly estimated. 

Trmglr.-Ot the 14.382.684 ton* earned In 1890, eaal and roke eon 
WMed M per **t, ore* 10 p. ., grain 7 p. c. 

rear*- ;- 1999 l-'i MM 

If itos operated 1.440 : ;. 1.44O 

Total gro*s earning* 92O.2OS.933 921.01U.O35 919.557.S7n 923.885.932 
Oper. exp. A taxes. 13j823^tf4 14.56t.219 l:i.l.O7 17.133.913 



t earnings ... 96^9*93* 99,447.816 96.371.8O3 96.062.019 
Net. Inrl. oth. lae*me 9403OJ989 99.890.794 96,781.158 07,011,151 

Rentals paid I 643j0OO 944.709 6O6.022 597.393 

Interests* debt ...{ 3.110,900 3.134J7O 3.15U947 3.173.762 
Dind's on guar. s-k Yi.t.-,., '. i..r.., 53.3SO 53^00 

I, .'..:- (6)2.067.000(6)2.967.090 (6>2.967,990 (6)2.967,090 

orpin* over dl vs. 954^4 x 99O.823 9049 93384O4 

(V. 82. p. 414. 8*O, 994,000. 1118. 1199; V. 3,p.4O3. 1009. I I.',*.) 
Lake *as>r* fcrafesn.-JIahonlu < oal Kst.-Owns from 
Youagstown to Andover. O., and braaeh. SO mile* Leased In per- 
petuity for 4O per cent of gross earnings to Lake Shore, which Jan. 1. 
1999. owned 9H66.9OO oflts umaina aad 9390.0OO of its preferred 
stock. The ptafesied Meek osUIJBate* eeataln a clause making ** 
redeemable at par at option of Co. Dividends paid on common 
U 1889 4>t p. c ; In l&O. ft: In 1801, 4>w In 1802. Feb. S>,: Aug.. 3; 
tal893. 8 p. c.; In 1894, 8 p. c. ; In 1803, 10s. e.; In 18*6, Feb.. 7 p. e.; 



894, 9 0. i 

Aug.. 3 P.O.. In l-.07.Peb. 7 p. e. in 1 896* rental 9385,743. against 
9254.730 In 1994; surplus over Interest aad dlTldends, 936.188T (V 



62. p. 99*. I 

l.anra.irr A CbesAsr My. .VorreM Omuff A 3-foot gauge road 
from Chester to Lancaster. 8. C., 39 miles. A rwerganliatlon In Ang . 
1H96. of the Cheraw A Chester RR.. *old In foreclosure In Jane. 1899 
Capital stack I* 95O.OOO ; par. 93O. First mortgagr U for 923.OOO of 
due Jan. 1. 1917, Int. J.A J.. ronpon bonds 95OO 
eral Manager, W. U. Hardin. Chester. 8. C. V. 



O.fi_ 

7 p. c. currency 

eaoh. all Issued. General 

-..<. i.. I" - 



Leaveatworthi Tos>rha A oalh Weelern . Own* from 
dea Ju 

read . . 

BUI of roreelosure tied in April. 19M. Coupons 
.O46.3ftO 



ie*T*i April So. 



uneUon. In Kansas. 47 mile*. Union Padne 
this read In Marsh. 1994. a L. MeLeUan apimlnted 
re tied in April. 19M. Coupons 
Jan. 1. 1HU4. 



. 

due Jan 1. 181*4, not paid. Accounts payable 91. . . 

la 1896-6 gn*. 9^.741; de*Mt Cram operating 94.216. -V >.J. 



Lrhlxh A II iid... n Hlver Hy.-Own* from Orevconrt, on Krle 
RR.. to Belvtdere, N. J.,93 miles, on the Pennsylvania RR. Pronrlotary 
line.: Orange Oooty RR. (nUr* stock owned-no bonds lsne.l. II M 
it*Mayareek.V. Y.,eaP. B.A <. K. (P<m(mkeepsle Bridge 

" 



*. 19 mile* (lad. trackage 2 m.) ; 9. E. A P. RR.. PhUUpsbnrg to 
>n. 1 mm*; trackage. Fean. RR.. BelvMere to Fhllllpsburg. 13 

mVv0Q VO *B 



i: total operated. 00 miles. 

OUUL Fmc*s.- Stoek, H.34O.OOO. par, 91OO. Warwick Val- 
ley 1st mort. covers 10 mile* of road, aad bond* mature October 1, 
1900; 3d mortgage cover* 22 mile* and bonds mature April I. 1912. 
IXMM and bills payable Sept. 30. 1906. 93U3.500-. ear trusts. 979.OOH. 

InJaaiiar;.l49?.fo.(XWge*>ral5*weraont*tandlnicandanaddl 
*! lame of *M*).OOO was authorised for instlaf debt, etc. 

AnrUAL Rtrom.- Report for l5-6 was In r. 63. p. 1111. 

r*ar*N*l*/iMM80- 1808. 1-' :-'i 

Gross 9370.072 9392,811 948O.907 

Hot... 105^51 U- '-' 133.130 

Add Orange Oeuty RR.. not. 4,109 4.18 16.BOO 

Intonot.taxeo.ote 141.O64 140^30 142.379 

sarpfns 18^83 :-.--: 



Jrinnell Bart, Prestnm, 90 Broadway. IT. Y. City. -(V. 61, p. 333, 
1064; V. 62. p. 364, 940; V. 93. p. 5O2. 1OO9. 1 1 1 1 ; V. 64, p. 83.) 

Lrhlgh A >. w i nzlanrf .Operate* road from Slatlngton. 
Fa., tn Camobell Hall. N. Y.. 06 miles, of which throe sections, aggre- 
9Bttag 44 mBoa, belong to other eempaalee; exlonaton from Fon Argyle 
aadBendeT-s Junction. Pa.. 8% mile* (eompleted In Nov.. 1 81HI): total 

> mile*. Spar Into Deekertown. 1 mile, under construction. 
HISTOBV.-A usiganHellsa la April, 1800, of the Pennsylvania 
i * BostoaTsold in foreclosure Dee. 14, 1994, 



910CX AXD Bovrw, -Capl tal stoek U 91 ^OO.OOO, par 95O. Mortgage 
for 91.000.000 gold p. e. 50-year aSi. of wblrh 9373,OOO repre- 
i aad hslane* for Improvements and extensions. 



^^^BMO.000 gold 
oart IMHIII pAos 
Mertcnto and stock U 



-. Jeiwph r. Mnnott. Conrad 
Ffaelvr. (V. 62. p 134.) 



ir Improvements and exi 
July 9. 1800. (Bee V. 61. p. 113.) 
William B. 
Iller, W. W. Kurt* 



Valley II K. <8rt Map) Main line, Jersey City, N. J., op- 
posite N. Y. City, to Buffalo, N. Y., 444 miles; branches to Audenrled, 
Tomhlcken, Hasleton, Ac., 713 mile*; Lehlgh A New York RR.. 115 
mile* ; Stale Line A Sullivan Railroad. 24 mile* ; total main line, 1 ,29<; 
tulles; branches, etc.. 839 mile*. Total system 2,155 miles; second 
track, 5311 miles. Trackage: Penn. RR., 13-t! miles; N. Y. Central, 51-3 
mile*; sundry trackage, 29 miles. 

HMTOBT, ETC. Company opened a through line of It* own from 
New York to Buffalo Sept. 1, 1892, and discontinued trackage of 188; 
mile* over the Erie. Lease to Beading ended Aug. 8, 1 893. 

COAL PnurBBTT. The I^ehlgh Valley RR. Co. owns 3,619 acre* of 
ads and all the ~ " ~~ 



all the (3650.000) stock of the Lehlgh Valley Ooal Co.. 
which In December, 1803, owned anthracite coal and surface land* : 
Total mere*. Ooal acre*. Kifd. field 

Owned In fee 15,217 7. __ 124,000,000 

Perpetually leased 8.123 3.741 111.000,000 

Term leases 1.7O8 1,708 47,000,000 

Control* through rtock owned.. 9.320 4,519 50.00O.OOO 

CoWertes 04. dally capacity almut 3O.OOO tons. (V. 62, p. 364.) The 
Haselton Coal Co. (chartered In 1896) stock Is owned and Its 92.OOO,- 
OOO Brst mortgage 5s also owned are iniaranteed see V. 64, p. 1 'J~. 

Th.' c.,!.; <.. in i-'iv.<.. shipped -i..i llterles owned ;819,7S7 

tons, against 3,619,000 tons In i*!i45. and 2,061,115 tons in 1893-94. 



87. 



91. 




92 
5 "4 



'93. 

4 



none 
nluoe. 



... ... -88. '89. -DO. 

8lno* : 80. P. ct. ] 4 4> 4 00 

Bonw. The ttmttltaaltd mort. of 1873 (trustee. Fidelity Insurance. 
Tract A B. D. Co. of Phil.) Is for 94O.OOO.OOO, of which 912.OOO.OOO are 
reset led to retire 911.OOO.OOO prior lien* when due. The bonds are 
' la three series, of which the sterling Issue, "dan A;' is subject 10 



------- sasim^ js.sc^ni. ui w uiu MB*a n*n A4U|( inouc. !' JT, la BUL*JD*Jli IV 

rail at par la Increasing amounu eaoh year, 9399.0OO being the amount 
retlrea In 1996. A second aeries Is composed of the " coupon and reg- 
istered" bonds, which are not subject to call, but which prior to NOT. 
13, 1893, were oonTertlble at option of holders Into bonds of the third 
sane*, these last being snuuUy bmdt and Irredeemable, neTer falling 
Ine exeept In ease of default. All these Issue* are equally secured.' 



. 4 VortAtrn RR. Road from Belfast to Easton. 

Pa.. M miles; braoeb to Leblgb Valley RR. at South > aton. 4 mile*; 
Leased for 5 years from Auc. 1. 1V93, to Bangor A Ponlaml Ry. 
Capital stoek ls 92OO.OOO. Ix-liUh Val. guarantees bonds. (V. 62, p. 135.) 

Klmira OffOand 4 ffnHkern XR.-Thl road, with the Oanastota 
Northern, runs from Elmlra to CanastoU and Camden. N. Y., 14n 
miles. The stoek. 92.OOo.OOO. Is owned by the Lrnlgb Valley (Mqniraa 
Feb. SO, 1890). which guarantees toe bond*.-V. 63, p. 364, 1177. 

LfJUak rU*y faUteaf Oe. */ few for*. Owns road from Buffalo, 
N. Y., to near 8ayra. Penn., 175 mile* doable track, aid branches to 
Ithaca, Auburn. Carun. eto.. Ill mile*; total, 283 miles. Stock all 
owned by Lehlgh VaL KM. Mortgage lMtrant In V. 51. p. 114. IKOKS 
V. 54. p. 909. 986; V. 62. p. 414. 1OS7; T. 63, p. 357, 1063.) 

Terminal JtaUvay. Own* doable- track road from Soutb 
. to Jersey City, with about 1 25 acres at Jersey Cltr and a 
large water front there and other property ; Its stock of tlO.OOO.OOO 
ls owned by the Lehlgh Valley RR. (Bee V. 53, p. 640, 880.) Central 
Trust Co. trustee. Car trusts frl.ooo.OOO. 

JfYaVtua* ToUty.-Boad from Naples to Genera, N. Y., 29 mile*, 
Purchased in December, 189S. and bonds due 1942, guaranteed, prin 
clpal and interest (endorsed). V. 61, p. 1013 ; V. 62, p. 134. 

JTorrfa Om**l. Leased for 999 yean and dividends guaranteed. 
Bonds aD owned by Lehlgh Valley. Water- 
with water. See V. 5O, p. 137. 



rater-shed supplies city of Newark 



/Vnxjytrania si New York Canal <t Railroad. Leased for 99 years 
from December 1, 1888, to Leblgb Valley, which has assumed It* debt 
and owns all Its stock. Gonsol. mortgage bonds of 1888 (trustee, Olrard 
Life Insurance Co.) are reserved to take up prior bond* when due. The 
1*. guaranteed principal and Interest by the Lehlgh Valley, lu- 
: 94,000,000 of A per cents, 9J.OOO.OOO of 4* : 91.000,000 of 4Hs, 
' in 1890 to retire 7s due In Jane. 1896. -V. 62, p. 950. 

LeMak *t New Tork. Thl* road (formerly Ronthem Central), runs 
from N. Y. State Line near East Waverly to Falrhaveii, on Lake 
Ontario, 113 mile*. V. 91, p. 008, 700 ; V. 62, p. 134. 

RotKutrr Southern RK. Rochester to Hemlock Lak, X. Y., 3O-16 
mile*. A oonsolldatlen In Aug., 1 *95, of Rochester A- Honeoye Val. 
(15-4 miles) and Rochester Southern. Controlled through ownership of 
lock. Capital stock is 98OO.OOO (par 9100); Mnded debt 930O.OOO. 

Leltigk Voile* Ooal Co. See "Coal Property" above. 

QBXKBAL FIWAHCES. To provide for floating debt and for other pur 
poses 96,OOO,OOO of Lehlgh Valley Ooal Co. 0* were sold In July, 18U5. 
:>n Nov. 30, 1896, bills payable were 92.453.OOO; Interest due Deo. 1. 
1840,078: unadjusted taxes and leases and pay checks, etc., 9776,961; 
Cash and cash assets, 91,6011,221; open accounts, etc., 91,871.463. 
Advances to L. V. Coal Co. amounted Nov. 3O, 1*96, to $0,166,890. 
Real estate mortgage* aggregate 9347,852. For list of guaranteed 
securities owned and not outstanding, see V. 64, p. 137. 

CAB TUSTS. In November, 1894, contracted for 2.0OO new coal oar*, 
of 6O,iOO pound* capaoltv each, to be owned by the L. V. Terminal Ry., 
who** ear trust* for 91.OOO.OOO were Issued therefor, and are owned by 



76 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 




JANUARY. 1897. J 



KAILROAD STOCKS AND BONDS 



77 



will confer a great favor by giving immediate notice of any error discovered In these Table*. 



RAILROADS. 


'Miles 
of 
Road. 


Date 
of 
Bond* 


Size, or 
Par 

Value. 


Amount 

Outstanding 


INTEREST OR DIVIDENDS. 


tiitmt* 1 ruuii 

pal, When Due 
*/ocA--Last 
Dividend. 


for explanation of column heading*, Ac., see notes 
on flrst page of table*. 


Rate per 
Cent. 


Wnen 
Payable 


Where Payable, and by 
whom. 


LA. Yalln -<C.> Snow Shoe, lt M., not gnar.r 
L. V., gold, ear trusts, $50.000 doe each F.AA.e* 
Oar tnuu. 85OO.OOO, dne 850,000 annually . . . 


.... 


1896 
1806 

1894 
1894 
1895 


?-.oo 
1,000 
1.000 


$500,000 

:i(Kj.(XMp 

.-.UO.IMHI 

1,000,000 

1,500,000 

125,000 
516,000 
4,943,100 
J7.V<H> 
1,500,000 
714.l>0 
3,250,000 
2,487,850 
12,000,000 
1,121,000 
-.703 
3,610,000 
3,000,000 
1,250,000 
1,500,000 
325.000 
1,500,000 
120.OOO 
1,000.000 
600.000 
600.000 
650,000 
250.000 
7.\tM)0 
1,429.000 
200.000 
600.000 


5 

2 g - 

S 8- 

E* 
* 


J. A J. 
F. A A. 
F. A A. 
J. A J. 
Text. 
A. A O. 


Philadelphia. 
Phil.,Oirard L.I.A.ATr. 
Philadelphia. 
N. Y., Cent. Trust Co. 
Text. 
N. Y., Man. Trust Co. 


Jan. 1. 1910 
Aug., '97-1906 
Aug., '97-19O6 
Jan. 1, 190O 
Feb. 1, 1935 
Oct. 1, 1945 


Xsiti^n 4EaiUrn-it M.. *1 .000,000, gold. . c ; 
General roort/ajr*. 8fW lxt , ......< . r 


"93 




Lima yorf.Wrn Jk>.-Ut M.. $1.2OO.OO^ *old...cJkr 
Litchrttt* Carroll* WtL Receiver** oertiflcateA. 


1,000 


52 

"a 

84 
84 
133 
28 


1886 

1864-8 
1882 

1 -.' J 
1887 


1,000 
50 
1,000 

1 .iXW 
1,000 
1,000 

so 

50 
500 
100 Ac 
1,000 
1.000 
500 Ac 
1,000 
1,000 
1,000 

1,000 

1,000 
1,000 
1,000 
1.000 
500 

Bod 

1.000 

1.000 
1.000 


6g. 

8 per an. 
6 
5 

7 
g. 

5 per an. 

See t.-xt. 

7 

5g. 
g. 

5 g. 

Kg. 
1 g- 

i 8 - 

5A6g. 

5 r 
I* 

I" 

5 g. 


J. A J. 
Q.-M./0 
various 
M. A N. 
A. A O. 
M. A 8. 
J. A J. 
U F 


July ,'93, coup, last paid 
Clnn.,Offlo, 1st Nat. Bk. 
do do 
N. Y., Bank of America, 
do do 
See text. 
Phlla., Of.. 410 Walnnt 
N. Y., Corbln Bank'g Co. 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
N.Y..Corbln Bank'g To. 


Jan. 1. 1916 
Deo. 10,'96,2% 
1898 
Nov. 2, 1912 
Apr. 1, 1932 
Sept. 1. 1937 
Jn.15 '97,3ia% 
Nov.2.'96,l% 
May 1, 1891 
Aug. 1, 1918 
July 1, 1931 
June 1, 1938 
Nov. 1, 1987 
Mch. 1, 1922 
June 1, 1932 
June 1, 19S4 
Mch. 1, 1920 
Mch. 1, 1911 
June 1, 1938 
May 1, 1911 
May 1, 1937 
Apr. 1, 1901 
Sept. 1, 1901 
Ort. 1, 1932 
Jan. 1, 1943 
Jan. 1, 1946 


LtlUe *io.*-8rk,eofn..gu.8p.c.,tf yrs..P.C.A8t.L. 
Street eon. 2d mort. (nnir 1st i , . r 




Betterment bonds ($3,000,000) convertible 


*tt JM* 4 JftMA^FIrrt mortgage. goU o 


Z**f Iiland Stock , . 


In mort., main line, I.. I. City to Greenport....e* 


04 
158 
180 

180 

wi 

76 
76 
18 
18 
3>* 
) 1HJ 

Uj 


1868 
1-7* 
1881 
1888 
1887 

[so? 

1892 
1894 
1880 
1881 

1888 
1881 
1897 

1871 
1-71 
1892 
1-:' : 
18M 


M: A N. 

F. A A. 
Q.-J. 
J. A D. 
M. A N. 
M. A 8. 
J. A D. 
J. A D. 

if . A a 

M. A 8. 
J. A D. 
M. A N. 
M. A N. 
A. A O. 
M. A B. 
Q.-J. 
J. A J. 
J. A J. 


aiortrare cold 85 666.000 


Onsnl is2raT goM V ; 


L. I. HR. mort. on ferry for 82.75O.OOO. gold...e* 
Mortgage bond* of 1 932 for 85OO 000, gold 


Debenture (*l.ftOO.OOOi gold. Dot subject to call. . 
Hew York A Flushing 1st mortgage, assumed 
Brooklyn A MontaaklstM., 8250,000 are 6s.. c' 
M M.. g., assum.. Bush. Sta. to Eastp. A brs.e 
Long Island City A Flushing 1st M,. assumed * 




Hew York A Roefcaway lit mort, Int. only gnar.. 
Bmtth. A Pt. Jefferson, lit mortgage, guaranteed 
L.LRR. North Sh.Br.eoiiM>LM.01.5<X>.OOO.guar.c' 
N. V. Bay Ext. RR. lit M. gold. KU. p. A l..end. c 
Mnntaak Ext. RR let M.. n.p.A L. (000.000.* e* 



the Lehlgh Vallev RR. For 2.OOO box can of 6O.OOO pound*. In 1896 
were Issued 81.OOO.OOO car trusts. matorlng85O.uOO each Feb. 1 and 
August 1 to Feb. 1. 19O6. Inclusive mortgage trustee. Glrard Life 
Ins. Annuity A Tr. of Phlla. The 85OO.OOO. series of 1808, eover l.OOO 
coal ears and a number of stock and sosaKiisllnii ears. V. 62, p. 1087. 
AJTHDA L RuroRT. The fiscal year ends November 80. The report for 
1885-06 was given In T. 04. p 131, 130; see also editorial, p. 109. 
r *ar *.* .Vo*. 30- 1 

88,470350 88,391,542 

6.849,062 5,982 898 

-.i>> i" 2.104.677 

Mail, express, etc. 862.446 >.?-<; 851.517 



Tturn+MfXo*. 80- :-'. 

Earnings from eoaL 88,88s%574 

Mlscellaneoos freight ... 7 472.1O4 



OP 



Total 



Ine-fran 1 1. 



CR 

r*ri;!T..-- 

mKS ' 



. 

.Ac net. 



. 819,514.660 

1 i. -.-i..;-.- 

84.031.002 

.,-.. LM 



818.564.454 817.830.994 



84,000,765 
841.492 



South- n On. proporfn.. 

Inures* OB debt 

Ooa'l exp., IncL taxes... 




.5.434,347 

4.294.380 
401.416 



84.891.257 

21.748 

1^78.741 

UMM 



Balaaee. sorptas $44H.762 8643,842 8127.070 

Int. oa Ooal OsVbonds HMuMO *-;.... ( t> 

-( V. . p. 357. 40-.', 441. DM. to*. 1068; T. 64. p. 1O3. 1 8 1 . 1 86.) 




rear ending JOB* 80. 18841. 
100.000. In year ending DM. 



wet on general* for flrst 5 rears 
1 Trust Co.. . Y., on nrt day of 
Jane 80. 1808, 839.181. For 

.J17.231; net. 891.392! Interest. 

.gross. 8207.335. <V. 58, p. 607.) 




I...1M. r^WJO^OOcTpar 81oa 
Bores The Brst mortgage Is for 01.2OO.OOO of 5 per cent b <nds; 
arastee to Manhattan TrasttV, . Y.; bonds are Issnable a. 812.OOO per 
mile of completed road and 83.0OO per mile lor equipment; company 
tease. 800 ears.-< V. 01, p. 558. 825. 1064; V. 88. p. 8.) 

Lltcnneld Carrollton A Western.-Own* from Bamett toOo- 
H^* . III.. 5! miles. This road was formerly opersted by the Chl- 
eago Peoria A St. Louis. Joseph Dteksoa Is now reeelrer-see V. 82. 
7049 : V. 61. p. 1004. Stock. 800O.OOO : par 8100. Oonsol. mortgage 
tar 819,000 per mfle was asrthsrUed In April. 1803. Reeetrer-* owtflf- 
ente. 81'^.OQO. For year ending. .Jan* 8% 1805, gross,_85$547 



. RR.. Xenla. O.. to 
*.. Dayton. O., to Indiana 
Jeantond.Ind.,4 m.; Cla. Bt. 
Lauan. Ok Dee. 1 
rrtMstmrgOnetanaU 



in April. 1803. 
June 30, 1805, 

..:i-.'. i v J. i> 

Ml. O., to SprtngOeld, O., 84 
10 miles; leases. Columbus A 
55 miles ; Darton A Westerp 
88 miles ; Onto State Line to 
RR.. 2 m.; tot. operated. 199m. 



WMWWWa-. TsM 

ttsfarthful 



to Ptttsbnrg Cincinnati A Bt. Louis, 
A Bt. Louis) for ninety-nine years, 
L Co. Is a party to the contract and 
asntal U 8 per cent on 84.943,100 
There Is 8100,000 6 per cent permanent 
d tM; tntenst J. A J. Lung's report for this road shows 
i to lessee: In 1888. 8*21,80* in 1880, 8385,873: In 1890, 
~51; 1881, 8*93,748; la ISoTlfcao.eS* ra 1803, 8204^71; In 
. 8221^27; in 1895. 8250.044. Stock authorised. 88,000,000. 
BOVM.-IB January. 1880. stOBkhnsnars aothorUed 83.OOO.OOO 7 per 
ant hss^rtobshMMd to the lessee from time, to ttane forsettermenu), 




to the lessee from time to time for b 

!k. rate which the bonds shall be oonverUble. 



tnsn Little Rock, Ark-.to Missis- 
Of the coupons nu~ iie.pt. 1, 



nne. 1893, Rudolf Fink was appointed re- 
Roek to WMar Junction.!. T.. proposed. Fore- 
Ms* postponed to March 17, 19O7. (V. 63. r 

iTHW. Bondholders' committee consists of F. P. 
__ma, 52 Wall Btreet, N. Y.; Augustus D. Jullllard. James 
Henry De Coppet and Henry K. Sheldon. Becrctary of 
Osmnimee Jails H.BsmHh, 16 Wall St., U.Y. Depositary^ 
Y. To Oet.. 1800, receipts for 83,149.000 
on . Y. Exchange. 

EARIIXOS. Year ending June 30, 




Tmst Co. 



STOCK. 88J50.000; par. 810O. F.Amos.-Vear enC 
6. grass. 8801.003: net. 813,08*: other Income, 8 
4400- hnlaaee. deOett. 03.014; In 1894-95. gross. 




. 

. 8382.OO7; net, 
(V. 62, p. 186, 364, 



I.lllle SrhiiTlklll >'avlKallon KM. A; Ooal. Owns from Port 
Clinton to Tamanend. 2t)mlles. Lnased July 7. 1868. to Philadelphia 
A Reading for 93 years. In Dec.. 189!, rental was reduced from 7 p.o. 
to 5 p.c., gold see V. 63, p. 1159. 

Long Island RH. Operates practically all the stea-n surface 
roads on Long Island, adjoining New York City, the system Including: 

OHM- JfUet.t Lsosw 15 Which see.) Jflle*. 
Long Island City to Oreen port. 95 | New York A Rockaway 9 



Long Island City to (it. Neck. . 14 

Bushwlck to Bag Harbor 97 

Sundry branches 83 



Total owned. 

i A Jamaica RR 



N. Y. B'klyn A Man. Beach f.. 20 



Total June 30, 1895 379 

Do-ible track 01 

. Side tracks 108 

i 10 Operate* earning! kept teparalc. 

Branch RR. SO N. Y. A Rocks way Beax-n RR IT 12 

Montauk Ext. RR 21 | Prospect Pk. A Coney Island. IT 13 

OnoAjrnuTioa. STOCK, Era In July, 1881, the stock was Increased 
from 83.260.700 to 81o.OOO.OOO, and In 1889 to 812,000,000 to pur 
chase Brooklyn A Montauk. 

Ckaxye of Control Improve mf nil -In January, 1897, control of the 
stock was purchased conditionally by a syndicate August Belmont; 
William A. Bead, of Vermllye A Co.: Brown Bros. A Co.; Charles D. 
Dicker, Jr.: Theodore A. Havemeyer: Strong, Sturitls A Co.; Kessler A 
Co.; Frederic O. Bourne; Meorge F. Baker, and others. The new man 
agemesjt has extensive plans for furiiNhlni; rapid transit direct from 
New York City to all points east of Jamaica (covering the distance 
from Mew York to Jamaica In twenty minute*) and also for a tunnel 
from Flatbusb Ave.. Brooklyn, to Sew York City see V. 64, p. 83. 
DrvnwiDa. } 1SS2. SSto'OO. 111. *92. '93. '94. '95. '96. 

Percent. i 1 4 yearly 4>t 5 9 4> 4 4 

Bosrus, Central Trust Co. Is trustee of geiurml mortgage of 1888. 
The ftrrjf mortgage for 82,790,000 covers all the real and personal 
rty pertaining to the company* ferries (34th Btreet and James 
8 1,250.000 bonds being reserved to retire the Metropolitan Ftrru 
engage. Trustee Central Trust Co. See V. 94, p. 507. 
The mortgage 4 per eentt or 1892 are secured by purchase money lien. 
As to debentures see page 2 of SUPPLEMENT of April. 1895. 

GUARANTIES. in addition to guaranteed bonds in table above the 
Long Island guarantees bond* of the following ooinnaules which see. 
New York Brooklyn * Manhattan Beach, New York A Rockaway 
Beach and Prospect Park * Coney Island. 

GBSES.AI. FHIAKCES. On June 30. 1896, mortgages on real estate. 
8291.238; equipment trust, 8392.75O. Renewals are with 76 to 80- 
pound steel rails. Loans and bills payable Sept. 30. 1 896, 8900.OOO. 
As to change of control In 1497 and txintemplated Improvement*, see 
organization above. 

LATEST EAIXIXO*, For calendar year 1896, gross, 83,935,059, 
against 84.O43.584 In 1805. 

For 3 months ending Sept 3O : 

8 *. Ones*. Xet. Of*, int. Int.ttntn. Bal.,tur. 

1896 81.405,647 804O.O41 88O.1O7 8314.121 84OO.027 

1809. 1,438.494 668.9O9 66.6OO 295,138 439,971 

Bee general balance sheet of Sept. 30, 1996, In V. 63, p. 1010. 

AmrDAL REPORT. Fiscal rear ends June 3O. Annual meeting Is held 
the second Tuesday In April. Report for 1895-96 was In V. 63, p. 836. 
Of the gross 83.281.577 was from passengers; 81,142,015 from 
freight; balance, mail, express, Ao. 

Tear ending Jutu3O- 1886. 1895. 1894. 1893. 

Gross earnlnir* 83.962,799 84,014.019 84,143,433 84,300.336 

Operating expenses.. 2,541,636 2,593,323 2,690,085 2,833,892 



Net earnings 81,421.163 

Total net 81,976,817 

Interest on bonds 658,411 

Taxes 200,973 

Rentals. 271. 16O 

Interest and discount. 16,389 
Dividends (4)480,000 



.. 

81,583,969 
858,411) 
174,581 
240,088 



81,453,348 

81,555,746 

589,528 

172,726 

240,768 



(4) 480,000 <4\>570.000 



81.466,444 

81,593.189 

576,850 

155,563 

211,638 

29,839 

(5) 600,000 



Balance def.850,116 snr.824.151 def.850^45 819,295 

President (elected September, 1896). W. H. Baldwin, Jr. (V. 63, p. 
30, 229, 402, CO1, 886, 968, 1010, 1063, 1116; V. 64, p. 42, H3, 180.) 

Louisiana ftouthern Hy. New Orleans south along the Mi-.-is- 
Ippi Hirer to Shell Beach, 29 miles, with a branch to Belalr, 24 miles, 
(accessor of the New Orleans & Southern, sold in foreclosure on Oct. 
26, 1896. See N. O. A So. Item, V. 64, p. 83. 

Louisiana Western. (Bee Map of Southern Padfle.)Owiu from 
Lafayette, La,, to Orange, Texas, 112 miles; branches (2), 35 miles; 
total. 1 47 miles. Operated under lease by the Southern Paclflo Co., 
which owns all but 850,000 of the 93.360.0OO stock. The lessee pays 
all charges and turns over to this company 7 per cent of the total net 
profits under the omnibus lease. 

EARKIKOS. 11 months, (1890 gross, 883O.8 15; net, $317,789 

Jan. 1 to NOT 3O. $1895 gross, 996,653; net, 468,978 

In 1895 gross, 81,092,999; net. 8512,574 ; surplus over charms, 8361.- 
776; amount of net proflt due this company, a* per lease, 8 145,855. 






INVESTORS' SUPPLEMENT. 



I VOL. LX1V 



^CTTjLuU lOrforxJ [^ 



W I /ron-o. 



w^u . 



? 7 

GraDwood/ o. 



Wlnon. St.rk^/r^,,^^. , " 
; ^^^eST X e^^/v- 



MAP OF THE 

LOUISVILLE & NASHVILLE 
RAILROAD SYSTEM. 




JANUARY, 1807.] 



RAILROAD STOCKS AND BONDS. 



79 



RAILROADS. 


Mile* 
of 
Road. 


Date 
of 

Bonds 


Sue, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bonds Princi- 
pal, When Due. 
Stock* Last 
Dividend. 




Rate per Wheu 
Cent. Payable 


Where Payable, and by 
Whom. 


on flnt page of table*. 




Lot A*g'l" Terminal In mortgage. tl.9OO.OOO. 
La. JowttfrM-Mlss. FermM B. A L.. lot iiiort o 


44 

ii'2 
"72 

182 
182 
32 
20 

353 
353 

KBOOB 

165 


1891 
1883 
1881 
l-.w 
1881 
l--.; 
1886 
1887 
1870 
1880-2 

isto 

1893 
Coup 

1896 


$... 


SI. 500.000 
26,000 
2,240,000 
280,336 
900.000 
2.000,000 
670.OOO 
300.000 
2OO.OOO 
3OO.OOO 
3.797,500 
2,400,850 

4.0OO.OOO 
2.1OO.OOO 
52,800,000 
7.O70.OOO 
3,500,000 
1,996,660 
600.000 
2,070.000 
10.547.OOO 
892,000 
3.258.000 
1.960,000 
580,000 
5,000,000 
1,000.000 
3,500,000 
3.OOO.OOO 
1,764.000 
5,129,000 
15.011,000 


5 

I* 
6 
6g. 
6g. 
6 ft. 
6(8) 
6 

4 5 !: 

to be h, : 

5R. 
See text. 

l 

6 . 
6 . 
7 
4>s . 
. 
6 . 
6 . 
6 . 
6 . 
3 . 

5 
11 


J. * J. 
A. A O. 
J. A J. 
M. A V 
J. A J. 
A. A 0. 
A. A O. 
A. A 0. 
J. A D. 
V. mcms 
J. A J. 
M. x B. 

d In vot 
J. A J. 
F. A A. 
A. A O. 
J. A D. 

r. A A. 

M. A 8. 
J. A D. 
J. A D. 
A. A O. 
M. .V X. 
A. A O. 
M. A B. 
J. A J. 
J. A J. 
M. A 8. 
M. A 8. 
M. A X. 
M. A N. 
J. A J. 


See text. 


July 15, 1931 
1903 
July 1, 1921 
May 13, 1897 
June 1, 1921 
Oct. 1, 1926 
Oct. 1, 1936 
Oct. 1, 1927 
June 1, 1895 
19OO-1902 
July 1, 1940 
Mar. 1. 1943 

8eeV.62,p.lS8 
Jan., 1946 
See text, 
Apr. 1, 1898 
June 1, 1901 
Aug. 1, 19O2 
MoL 1. 1907 
Deo. 1, 1919 
June 1, 1930 
Oct. 1. 19O7 
NOT. 1, 1931 
Apr. 1, 1910 
Moh. 1, 1920 
Jan. 1, 1930 
Jan. 1, 1930 
Mch. 1, 1921 
Moh. 1, 1980 
May 1, 1937 
Nov. 1, 1931 
July 1, 1940 


1,000 

i.ooo 
(1) 
1,000 

1,000 

1,000 

1,000 
5OO 
l.OOO 

1.000 

l.OOO 

AHIEB. 

100 
500 
100 
1.000 
$A* 

i-JIM) 
91.OOO 

l.OOO 
l.OOO 
100 Ac. 
l.OOO 
1,000 
1.000 
1,000 
1.000 
1.000 
l.OOO 
1.000 
1.008 
l.OOOAo! 


N.Y., 8. Pac.Oo., 23 B'rd 


Lnurn JNon. st 81. L. Con.-Rec'rs' eerts.,Deo.31,>95 
1 t mort- E. R. A K. 


July, '90. pd. Deo. 31, '96 
Apr., '95, pd. Sep. 30/95 
Apr., '95, pd. Sep. SO, '95 
Apr., '94, coup, last pd. 
Deo., 'W4, coup, last pd. 
Ap.<tJ'e, t 96,pd.wh.due. 
July, '93, coup, last pd. 
Sept, '93, coup, last pd. 

Ing trust for ten years. 
1st coup, due Jan., '97. 
N. Y., 120 Broadway, 
do do 
London and New York, 
do do 
N. Y.. 120 Broadway, 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 


1st mortgage, gold. o* 


M mort.. with voting power, cold. unaesented.e' 
Hunt. Tea City A C. RR. 1st M.. gold (Me textjc- 
Illinois A St. Louis lit M. (intured-iee text)... 
Vsa.ACar. 1st Ms., due Dee., 1900 AApr.l, 1902.0- 
L. B. A St. L. eonsoL Bort.' gold (fS.OOO.OOO) . .c 


LoMurilie 4 Jeffertontille BHdoe.-8*s. MISCBLLA 
ioi.H.t.L.-t'k<$2.000,OOOIfpf.SSnoncnm.) 
1st X.. $3,900.000, cold 


Xsulssiflt Jt y * rill e Otook 


ConsoL lit mortgage (BOW lit lien) e* 


419 
130 
83 
46 
151 
-,_ 
175 
175 

ui 

45 
141 

141 

M 
M 

118 

Text. 


1808 

1-71 
1871 

1-77 
1-7'.' 

1880 

1-77 
1--1 
1880 

1--0 

1880 
1880 
1--1 
1--1 
1887 
1888 

l-.o 


Memphis A Ohio 1st M.. Paris to Mem..g..guar..e- 


OeUlJUl Br.lstM- Cecil to Louls..s.f.,dr'nat lOO.o- 


K H AN.lM..Hendfronto>'iib,.it.dr'nt HO.c- 


Loata. A Sairiu general M-. gold, drmwn t llO.o- 
L. a A Lex. Id B. a. L not di'mrLoaU.to NtwpXe- 
Ueoeral mort. L. C. A L.. gold (formerly 6s) .V 
L. A Nash.bds.,8.AN. Ala-RB., 2d m. as colgold-o- 
rsassi iiliTlilsliin lt m..gold (dr*n at 105). .c- 
V. o. A MOD. DIT. in 1L. N.O.to Mobile, gold.c- 
M M., N. O. to Mobile, gold. o* 


Boathoart A 8t L.D1T lit Mort, gold, <T 


3d M.. gold, Ea0t Bt. L. to KTaatvUle A br. . e' 
1st M. (5O-yeer 5s>,$lS,OOO P.B., gold. e* 


lit mort., collateral trust <$7.OOO.OOO> gold. . . c' 
Oatted BMrt(BM for 75.MM.000.ito A . . . .e*r 



Loalsvllle Kvastsvllle A flt. L>ls CoBsolldal*d.-Operats 



nd 16 miles trackage; 39 
i main Use operated US' 
6 miles: W slant HU1 to 



Louisville, Ky., to East St. Ural*. ML. 375 mile*: branch*, to Evans- 
rUle. Rockpon. etc.. in Indiana, 93 mllea; alao owns and operate* 
Yealee A Caroadelet, 7 mile*: total. 975 mllea. of which 3 vFmilee 
; 359 mile* are steel, from 56 to 70 pounds, 
onder trackage rights ; Louisville to New 

_._M,. ; a 1 to Oentralla. 7> mile*; Kan St. Loul. to 

Bt. Louts, 2 Smiles. 

The receiver applied la December. 1896. for permission to turn over 
to the bondholder* the branch. 23 mile* In length, on which are out- 
tandlng 63OO.OOO Ant morKsce bond* of the old Hiiotlngburg Tell 
City A Caaneltoa RR. Co.- V. ol. p. 42. 

RBCBrrBBMir.-On Mar. 35, 1896, Oeorge T. Jarrl. was appointed 
rer to act m>B May 1. (Bee V. 62. p. 589, 736. ) Foreclosure of 
March. 186.-{ V. 62. p. 5O2.) 



lee H. Fatrehild, 46 
Bttllman and W. H 



r t and second mortgages began la 

Wall BC." H. Y.. Chairman ; WB. L. Bull. Jai 

Pane and Mayer Lehman. Secretary. Oebora W. Bright. 44 Wall St., 
H.Y. la Jan., 1896. 83.347.OOO am eoaeoL 5. had been deposited. 
This eoaMBMtee h) to prepare a reergsntianon plan In 1897. (V. 62, p. 
1 177). Deyedlarr. ft. T. Heenrlty A Trust Co.. 44 Wall Street. N. Y.- 
V. 60.p. 522f V. 6 ij p. 559 ftnt MtHfrnft JtoM<AeMr( . John Ors 



OBOAXIZATIOK, Ac. This company was chartered March 2, 1850, and 
opened between Louisville and Nashville November. 1859. The lialnll- 
tlee for Interest on the auxiliary road* are treated mostly as belonging 
directly to the Louisville A Nashville Co. A list of the seen rttles owned 
and In the sinking fond June 30. 1896. was In V. 63, p. 658. 

For Henderson Bridge see Miscellaneous Companies. 

STOCK. In July. 1891. It was voted to Increase the stock from 848.- 
OOO.OOO to fS5.000.OOO for purchase of Kent. Cent. RR., Ac. Of the new 
took $4.800.OOO was taken by stockholders of July 21 at 70. and 
July 1, 1895. $2.200.000 was held In the treasury. Further Increase 
In stock to 860.000.000 authorised In Nor.. 1893. V. 57. p. 596. 309. 
DIVIDENDS )'81. '82. '83-'87. '88. '89. "90. '91. '92. '93. < None 

Percent. S 6 3 NoneJSatk. Sstk. 6544 '(since 

In 1890 of the 6 p. e. paid there was 4i In stock. 

Bom*. The Jtrantr. Mender. 4 .VojAr. bonds are drawn at HOby lot 
anrually la October, for payment Deo. 1: 83O.OOO a year till 1895. then 
Increasing each five yean until $150,OOO per year Is finally reached. 

The Pmtaeata DirUion bonds are subject to a drawing sinking fund 
$5.000 Mil 1900. Inclusive, then $10.OOO, and so Increasing. 

Thesvasroi muorigag* bonds of 188O are subject to call al 110 In In- 



'*. T. Vft. *f**~ 

iflatea.-V.aO. p. 873. 



I 

CArTTAL STOCK. -Ciaimia stock maid. $3.790.747: par. $100. (Bee 
T. 56. p. 38$. 413.) la January. 1897. $457.163 prefd. outstanding. 

Bonus. -Illinois A St. Louie first 8s for 83OO.OOO, due June 1. 1895. 
ware purchased, but not having been paid Interest ai a lisa on IMS* 
6 p. e.-( r. 60. p. 967. Abetraet eeSMeTawrt. B V. 48, p. 308. 

Of the geaeral mort. 4s. la Jan.. 1894. $2.O76.85O had beea leaned 
la eiahaage for pi earn t stock. letllemsat of E. A T. II. account, etc. 
$577.000 were held as eotlatoral for loaas aad $695.400 were In hands 
of trustees to be Issued for preferred stock. It April. 1896. N. Y. 
Bxcaaage reported 83.433.000 listed. BJse V. 5*3, p. 289. 413.) 

Oovro*.-9 table abeis ae to esapoas paid aad unpaid. N. T 



Security A frost Co. pays I 
O 



: IBJ UN 



that about 



$1.250.000 should be expended by the rear 19O4 to put the road In 
roper condition, la addition to 835O.OOO for air brakes aad couplers 
tefwreJaa. 1.1898. (V. 62. p. 499.) 

rdebt Dee, 31. 18$6Y$4X3.212, In addlttoa to receivers' cer- 



Uaeetes. aad $843313 napatd eeupons. (V. 63. p. 499.) 



1.081.190: net, 26O.94O 



Ajntr At Rarorr.- The receivers' report for 1995 gave a statement 
f the earning* or the diaVroat divisions separalelv-wee V. 62. p. 490 
For year ending Dee. SI, !(. earnings of whole road were, groat, 
81.509.746i Bet,$3H4.0IA: taxes. N7.4OO: Interest on floating debt, 
23^41; balaaee for bead Interest, f .'73.274. la 1 894. gross. $1,39 1 .- 
iS8;aeV$3ao.ll5. la 1899. aves.$l. 606. 1U4; art. $471.655. -(V.6<J. 
p. Jib. V. 63, p. 186. 488. 403.589, 635. 7*6. 1177; V. in. p. 42.) 



Louisville II. i 



2l 



.. 143 
: 



so A M. Losils sty. RoAD.-LoulsvUle 
miles, of which Wen Point to Loulr 
ras also Irvtaftoa to Fordsvllle, Ky 



...il.vlllr. Ky., 



dly 



HIST..BV.-A reorganisation June 1. 1*96 (per plan In V. 62, p. 138). 
ef the Louisville Be Louis A Texas, sold la foreclosure. 

Sacommis - Tbe stock Is to be held by John J. MeCook. Brayton 
Ires aad Osear Fvnlsy, for tea years. In a voting trust, unless earlier 
terminated by unanimous vote or Ini-tees. Ben terms V. 62. p. 13o. 
Of the new heads (trustee. 8toto Trust .... N. Y.). .OO.ooo are re- 
eerved to build extension to Louisville. First coupon Jan. 1 , 1897. 

EABvnoa.- 11 months, 11896. Gross. $15.!O: nrt, $104,588 

Jaa. 1 to Nov. W. < 1895 Gross. 4O1.549: net. 94.243 

The Interest charge la $1O5.OOO yearly, which It Is said lias iindnubt- 
heaa earned " daring eaeh of the past two years of 
. JCCdealed hard times, whea a proper deduction Is made for the 
excessive et of maintenance charged to operating expenses by the 
eh deduction, the earnings are stated as follows, 
days short of a full year. 

Operating Ktml Mtt Mftraordin'ry Ker'r*' 
Mmm'f*. Kiprntti t.arn'gm. Ktpentrl. \el Itn'll. 
1894-95.... $.1VM)6 $394^17 $120.589 ftO.872 T 
18OT94.... 406.400 9881488 107,917 -7.864 90.883 

-(V. 62, p. 138. 388, 377. $89, 683, 869, 104O. 1177; V. 63. p. 3O. 7*.) 

'Louisville A Nashville. <> Jfetv-BoAD. Operates main line 
fremClaelBBaU. O.. to New Orleans, La.. 921 miles, with branches U 
St. Louis. Mo.. Memphis. Teaa,. etc., 3.OA4 miles making total system 
r Jane 30. 19**73>75 miles. The system Includes : 

' HUet. 

MUtt. ' 
180 




toVa*uvUle... 

ether Unas 

IsasW-sK. 
OwADeeatur ... 
' North A Is. RR 



.2,440 

. 119 

.. 183 

49 



' 



TrtaltrirtMB proper 3.975 



d ttparairly. . 

lle Mor. A Hhemeld. ...107 



. 

'i Nashville Chatt. A at. Louis.. 9O6 
lUeadenmn Bridge ............ 1O 

ioeorgla Railroad system ..... 721 

Operated for other oo's ........ 79 

Owned but leased to other co's. 67 



Total of all June 30. '90.. 4,865 
(U See this company.) 



creasing amounts equal eaeh year. $220.000 In all In 1894-95. 

In June, 1890. the ttnUUtf" mortgage (trustee. Central Tnut Com- 
pany) for $75.000.000 was authorised. $41,917,660 bonds being re- 
served to retire all prior liens (none of the prior liens can be extended). 
the balaaee for Improvements, extensions (at the rate of $32,OOO per 
ng equipment), and for other purposes. The mortgage cor- 
1 ,O*O miles of road and Its equipment) $32,708,100 stock 
of companies controlled, and $1.1OO,OOO bonds free front any lien. See 
abstract of mortgage In V. 51. p. 613. ..Unified bonds for $9.280.000 
were set tree whea the lO-40s were paid off on Feb. l. 1896. On June 
30.1896, company reported 62O.674.OOO om standing, of which $5.- 
640.000 were held la the treasury. Total listed onN. Y. Stock Ex- 



change $14,994.000 In January, 1897. 

iMtitwUU Oinrinnali st l.fiimjioi, general mortgage bonds for ft). - 
358,000. due Nov. 1. 1931 (formerly held In the treasury of L. AN.), 
with Interest reduced fr >n 6 p. c. to 4>s. p. c., beginning Nov. 1 1890. 
were sold In November, 1896. and $2.85<),OOO or proceeds used to re- 
tire the L. C. A I- first* 7* doe Jan. 1. 1807: balance held In L. A N. 
treasury. Original Issue of L. O A L generals authorlxed was $7.- 
000.000, but Issue now limited to the $3.258,000 given above. V. 63, 
p. 1010. 

The HobUe 4 ilontfomeiyl^onUfUU 4 Xaihrillr. joint mortgage. 
Is for $5.000,0110 (trustee. Central rrust Co.. New York); the old Mo- 
bile A M. bonds (held as collateral for 1O-40 adJiKtiiieut bonds) will 
be canceled, and the Joint bonds be a first Hen on the 17* Hi miles of 
main line. Mobile to Montgomery; $1,000.000 reserved for Improve- 
ments. V. 61, p. 196. 750. 

As to KtnlueJcf Central mortcage (Metropolitan Trust Co. >r New 
York, trustee), see abstract V. 4.V p. 372. Covluguin A Lexington 
firsts for K19.0OO. due June 1, 1M95, were paid. V. GO. p. 1058. 

Pmtaeola >t Ailanlir first mortgage bonds (assumed) are gni lually 
beins- called for the sinking funds! 110: "ii June 30. 1 H9(5. !H!5.i OO 
were held In the treasury of the L. A N., making total Issued $2.H33,O()O. 

(. DABAirncs. Besides bonds In table, the Ix>nls v. A Nashv. Is responsi- 
ble for $2.100.000 bonds ami dividend* on $2.305,582 stock of Nashville 
A Ueeatur (which see); for $0,87.1.830 bonds Sooth A North Alabama 
(see that company); for Interest on $300.000 80 Drv.OOBB.sl Ohio, 
and for $2.096.000 Nashville Florence A Bheflleld Imnds see that co' v. 

OamaALFiHAiiCBS.Ac. For 1896-97 estimated Interest charges arc 
84,957.067. (V. 63, p. 654.) 

On Jnne 30. 1896. bills parable were $467,331. There was $2.200.- 
OOO U A N. stock In treasury, and also $5.CiO.OOO of " unified fours." 
Since July 1. 1894. tne " contructlon account" has been closed. 

In January. 1897, and April, l -in. tlif company will be able to refund 
at a lower rale of Interest about tlO.OOO.OOO of 7 per cent bomU. 
l.onl.rllle Cincinnati A Ix>x. gi-netals for $3,258.OOO were sold In 
November, 189H, Intere-t reduced from 6 to 4" p. c. see above. 
l,ATBTK*B*l<io.-r> m. / 1H ...dross, $8,7:17.045: net. $2.859,298 
July 1 to Nov. 30. N 1893.... Gross. 8.962.226; net, 3,221,803 

Earnings and charge* lor the half-year have been : 
ttmnnilu. arati \ri r'tf-i Other All other 

'ml. l>rr.:tl. rnrniii'it. earning*. eKargn. income. charor*. 
1896,esfd $10,577.945 $3..V.'l.-J'n: yj. 822.681 $224.064 $247,223 
IHH.Varfl. 10.720.081 3.884,412 '-'.S34.I7O 176.126 134.785 
which leaves a balance over all chnrge* for six months of $678,456 In 
181MI, against *1.091.t)i:i In 1895. See V. 61, p. 131. 
AKXIIAI. RBPOBT. Fl*cal year ends Jnne 30. Annual meeting Is held 
.111.- tin- tlr.t Wi-<lnes<iav In Octolter. Report for 1895-96 was 
given In full In V. 63, p. 645, 653. Sec also editorial p. 628. 
1898. 1895. 1894. 

- " 2,056 2,956 

14.324.WM1 13,537,009 12,901.114 
4.666.751 4.370.154 4,600,961 
1.399.054 1.368.741 1,472,262 



Tear etui. June 30. 
Average mileage... 



fright earning*.. 
> assengers. ... .... 

fail, express, etc. 

Gross earnings . 
Net earnings 



1893. 
2,943 

15,450,163 
5,213,533 
1,739,943 



6.8f.5O5 



10.275,994 
6.998.221 



18.974.337 
7,110,552 



22,403,639 
8,020,996 



INVESTORS' SUPPLEMENT. 



LVOL. LXIV. 









v^d^ ^V^sc L^** 
>*v\7*&, * *^7VT^ 



*i* < $z/ && 



LOUISVILLE, 



pEW ALBANY & CHICAGO 
RAILWAY 



o / e x>^ 

A \r->tj^ 

Annadale \ / / ,5-^- 




JANIABY, 11*7.] 



KA1LKOAJJ STOCKS AND JONDs. 



t... rll.. r \illl i onfer great favor by siring Immediate notice of any error discovered In tbeoe Table*. 



RAILROADS. 



Miles Date Size, or 



INTEREST OR DIVIDENDS. 



Amount 



For exulauaUou of column headline*, Ac., see uotes of or Par ,,, ,_ Rate per When Where Payable and by at :* Last 

on ttrst page of table*. Road. Bonds Value. u Cent. Payable Whom. Dividend. 



Bondt Princi- 
pal. When Dae. 



j.,l-Lou.Ry.Trans.lstM 

L. AN.andXob.AMont.jolutbds..lstM..g....o 1 ' 179 1895 

Peas-AAt. llM..gold..f..dr 1 nat llOasnumed c- 16O 1881 

lentuckyCentral Maysvllle ALex. RR. uiort... 49 1876 

New mortgage ($7.000.0001 gold ............. c' 220 1887 

toMJnilli Tiir If! t Clue. SKCUKITIIS DUTUBBB i> is K BORGA 
Stock. $^05...00U preferred. ........................ , 

Receivers' rertlBoatae ................................. 1896 

Consolidated BOrtMB (for 10,OOO,OOO> gold.c' 512 1886 

General mortage7$25.000 p.m.. gold .......... c- 512 1890 

XqnipB-ti.frDoiidt.cold.9r.000.000.aeetext.e- .... 1894 

SlCL'KmM TO BE IMOED OB AMUXED BT N KW Co MPANT 

Common stock. $10v5OO.OOO 

Preferred. 4 TO eeat. nan-earn.. 3,880,000 ..... ........ 

1**M. I^u. frv.-NewAlbeay to Mich. City., e- 288 188O 

IstM-.C-hic. AInd'pUsDlv.Ble.tolnd..gold o- 158 1881 

Befuidlngjnortgage, $10.300.000. gold. 5s ...... 512 1897 

I fo>ld esifiHMd for old eonaols .......... 512 1897, 

** raU~-8tX10 p-e. rental. 990 jn.THo.CeiA. 21 .... ' 

Jfmeom. ^Biming.-ln mortgage. $SOO,OOO, gold-c 97 1896 
Mmlmr 0<r*<-8took. ..................................... 

Me.C. loan for $1.100,000, Daav. Je. to Bangor.c 109 1868 
> 1MM.. gold. Cusri June, to Dan o 18 

Braking fd. 10-20S, gold: old 6s, exlFeb 1. -95.. .... 

iBMiioieutent bond*." A" and "B." gold, not mort. .... 

Sinking fund loan ...... ................... 

.Eu. A No. Am. refunding mort.. gold. . 56 
Ogrtsai stock (3 p. c. rental. 999 years) 1O9 
. Interest guar ............... e 62 

107 



fl.OOO 
l.OOO 
l.OOO 
l.OOO 

KIZATIO 
10O 
...... 

l.OOO 
l.OOO 
l.OOO 






Ma.C. Is* M.. eons.. A. B. C. D. l$269.5OO5s).. c' 

Do do do (*- > .001.(04). 

Collateral trust bond* tor Mt Deaert Branch 
. gold, old 6s, ex 
and "B." 



Ist 



1870 
1871 

1872 
l--.; 
l--:, 
1886-7 
1896 

OM 

1870 
LfM 



1,000 

1.000 

... 

""26 
1,000 

100 

lihl A.- 

10O Ac. 

:oo .v,- 

l.CHNI 

l.OOO 

i.obo 

100 i 

500 Ac. 
l.OOO 



S286.0OO 
4,000,000 
1,868,000 
400,000 
6.742.000 

" 16,000.000 

2OO.OOO 

4,700.000 

2.800.000 

1.000,000 

10,500,000 
3,880.000 
3,000,000 
2.3OO.OOO 

2.9O9.000 
4.70O.OOO 



See text. 
6 



iM. A N. 
M. A 8 
F. A A. 
J. A J. 
J. A J. 



\ A " 



N. Y., 120 Broadway. May 1, 1901 
do do Sept. 1, 1945 

do do Aug. 1, 1921 

N. Y.. 120 Broadway. Jan. 1, 190 
do do j July 1. 1981 

N. Y., Office, 80 B'way.l See text. 



Apr.. '96. coup, laatpd.l Apr. 1, 1916 
M. ,v- N. May, '96, coup, laet pd.; May 1 194C 
J. A D.IJune,'96, coup, last pd.i Deo. 1, 1914 



t 



.800 



8 J. A J. 
6 g. F. A A. 

5 g. J. A J. 

6 g. J. A J. 
10 p. an.' Q. J. 

5 g. J.A J. 



N. T., Chase Mat. Bank 
do do 



496.500 
4,163.500 

n.Yii.iNNi 



600,000 
450,000 

l.OOO.OOO 

4,381,883 

800.000 

l.:u:'.o>'i 



-. 
J. * J. 
A. * O. 
A. A O. 
A. A O. 
J. A D. 



44 g, F. A A. 
4>, g. J. A J. 

""i'g. J."A"J. 

2 per an. Q. F. 
6 g. J* A J. 
5 M. A N. 



N. Y.. Office. 13 Wm. 8t 

Boston, Old Colony Tr. 
i Portand, Me., Otilo. 

Boat.. N.ReT.Bk.; Port, 
do do 

do do 

do do 

Boat., Ara.L.ATr.; Port. 

Portland Tr. Co., Port. 

Bout., N.Rev. Bk.; Port. 



Boston aud Portland. 
Portland, Me. Cent. Of. 
Bot.. N.Rev. Bk.* Port. 
Boa.. N. Rev. Bk. A Bon. 



July 1, 1910 

Aug. 1. 1911 

1947 

1947 

Jan. ,'117. 2V,, 
July 1. 1940 

Jan. 1, '97,21? 
July 1, 189b 
Oct. 1, 1900 
Apr. 1, 1912 
Apr. 1, 1912 
June 1, 1923 
Feb. 1. 1905 
July, 1916-17 
1916 by s. f. 
Jan. 1. 133 
Feb , '97, s".i 
July 1, 19uu 
Nov. 1. 1908 



!- 1895. :- ! 

Vet, IncL In vi'ta.. A. $7.319,877 $7.361.494 $7.382.840 $3.437.105 

Taxes paid . 47UJW1 569J-.6 6O0.4A9 579.538 

[Blarestand rent 4^83.096 5.O14.7* 5.065.277 4.911.258 

OawglaRR-deaeit .. 87.87O 108,364 84.784 70v$7l 

Lees OB otter roads... 89.9H9 9O.O25 139.93O 127.O43 

AdV. to SAN. A,, etc. 84.010 704^56 225.737 

Slaking fund peym-te 188,547 175.00O 

8urp. over eaargee.... 81 .377.504 ~$7OU.58o $1.552.490 $2.522.551 
(T. 8$. a. 1 4,5*9,406. 838. 84a.SS. 794, 101O; V. lU. p. 134.) 

LouUvlllr New Albany A Chirac* By.-< JM Jsfo>-Operate* 
the - Moaon Boat*" from Chicago. HL.vfa Monon. lad., to Indianapolis. 
lad., and Louisville. Ky.. with breaches the system laxladlag : 

Unttottntd XUe*. 

rtaaa State Uae to ladlanap. 183 

iw Albany to Michigan City .389 

Bedford * BleosBaeM BB... 41 
OrL W B * Fr. Uek Borings By If 
A lease for MS roars wMfe Cfaaaj 



MM 

to Ind. State Line 90 

New Albany to LonUrllle 5 

OomBeeUoa la Indianapolis.... a 

Total of all 637 

A Western Indiana (of whose stock 
a a aiUcsun basis. 



OMAjruATK. Sold la fonelosara Dee. 17. 1873. and reor(anlxed. 
IB Anjroat. l81. eoaaoUdated with Cale. A lad. Air Llaa. 

DmD(XDe.-On new preferred February 15. 1894. 1 >t p*r eent. 

Iicrifi.T AID RtriTBHir. Interest on ewaaol. 6* doe Ort. 1. 
1896. wan not paid and oa Aug. 34. 18M. Ueneral Manager Wllllsm 
B. MeDoel wae appotBtd reeelrer. (See V. J. ,J7. 5OO); IHOO.OOO 



af< j. 



>old In 



ON 



January. 1*7. the road was ordeied sold la foreclosure aader the 

^MaftOa^ixAtMl aVaftd MHaHs%l aBOftafs^iTCat. 



BOXDBOLOBB*' 
foot aad Henry C. 
York I- 
702, and 

- 



. . V. P. . 

Secretary. J. X. Wallaoe. 54 Wall St., New 

', V .; ; 



Oleott, Henry '. 
oe. 54 W 



JPl^2L?Sr^2" tto S3^*?*_2f rl - }* J"?SJ T ^ p 

awaWeatloBa hi V. 63, p. 22), provides for rbreclosnre ofex- 
^jrtfBfea aad formation of aew cosapany to be called Caloago 
upolis A Loolsvllle Ry.. with following new sreorltlea. la Dee., 
there had been an almost unanlinous aeeeat to the plan by de- 
posit of practically all of the vartoas Issne.. 

MtfnnJing sMr^aos Is to bear latorest from July 1. 1897. and be 
secured upon all the road, equipment aad securities owned, subject 
- - ^-,800.000 existing d/vMonal bonds, total authorized Issue 
1)0. of which to be isestred to take up existing dlvl- 
mataittr.1 hvJOtUXW: to be Isaaed %r eoneol. 6s, 
iaral5($7iK>^XiO)aadsqalpSMntbodsar70U^OOi.total. 
be soUMoash to eradWu. $1^00.000: to be Usued 

M.700.000) 'issued for' o" 

Ne w bonds oarry 'interest "from' Jol T 1. 1 887. Xe w* pref. stock 
aeassjai. $3.88O.OOO; sriniiBiiB lock, $10,500.000. 

MV */ AWvHMrc.-UUtarbea bonds and stock (paying 
ateat) receive new seeurlttos as follows : 



-And ren*t- 



BtUtrt Q/ : Oasa. 

OeaeeLkotx1s.fi. 000. - tlOOO 
Oea. awn bonds. l.OvO Nil. : -i 

. boadi. 1000.... Nil. 
stoelt. j|ioO....a7 6O 



IT** Prtf. .Vet* Oos- 
ttftk m*n Hot*. Oat*. 

8-1000 $8750 

1OOOOO 
faalp. boads. 1.(XJO ... Nil loOO ".".. 15417 

Pnf*rr*dstoek.$l<X>....$750 7 SO $1OO 

OemiBOB stock. $300 7 5 7 W) 100 

Tbe given with $5O preferred stack to represent Interest accru 
Bf from April 1. 1X96. to Jaly 1.1887. t To represent Interest. 

f Ncrra-Tbeaew boads to be given In exehaage for the consols bear 
per e*vi Interest: all tte others 5 per eeat. 

/ JTn* Oisifam nndr Xnittd n.-Old divisional bonds, 
g mertgag* B* and 6s, $427,450; rentals, esti- 
ehargea, $55,4oO; dividend on preferred, 
; total, l.UW.oSO. 
rLOATi.fO DBB-T.-Tbe floating liabilities, excluding accrued Interest 
a beaded debt, aggregaled on Aug. 14, 1896. $1,516.87.1. and after 
Clantlg eanaataseeu of 8814.399 the net floating debt was $1,- 
303^77. Total eash aiiail. Includlag Improvements, $2,266.930, pro- 
^^1 for by plan. V. 63, p. 7O2. 

Jan. 1 to Sept. 21 gross. $2,209. 1O9 In 1894; $2,272,642 In 1895. 
AnDAt BBroBT.-FUeal year ends Jane 30. Report for 1895-90 was 
gli*n la V. 83, p. 5OO, aad showed: 

1895-9(1. 1894-99. 1893-94. 189293. 
.$3,291,972 $3,067,014 $3.135,882 $3,416.488 
1,111.583 896.104 1,017.272 1.O60.622 
70.800 78.600 60.000 74.4OO 





$1.1*2^83 $1X174.704 $1,077,272 $1,135.032 
79t\8M 783,083 772>99 763.810 
390.103 331,833 338,888 191,081 



81*2.806 $80318 T877.985 

idoat. irr^-nrTSi, p. 43. i84.> 



$180,181 



Louisville It. Louie ft Texas Ry. SEE LocigviLLK HENDEH- 
sos A ST. Louis Rr. 

l. kru Valley KK. A Coal Co. Owns from Mlllerslmrg, Pa., to 
Willtit<>wu. fa., 2O mllee; branch, 1 mile; total operated, 21 miles. 
It Is a coal road leased aad operated by the Northern Central KK. since 
July, 1880, and previously by Summit Branch RK.; lease Is for 999 
years from March 1. 1866 rental 862.5OO per annum. V. 62, p. SOO. 

Lynrhburc A Durham KK. In July. 1890, sold In foreclosure 
and merged Into Norfolk A Western (see that coiuuanv). 

.tfaron A Rlrnslncham Hy. Owns Sofkee Junction to La 
Orange. Oa.. 97 miles. A reorg nliatlon of Macon A UlriuliiKhn.ni 
Kailmad sold In foreclosure Dec. 27, 1895, to Edwards A Parsons of 
Boston, MBS*. This arm also holds 7.16O shares of the stock of the 
Georgia Southern s Florida, which see. 

STOCK AMU BONDS. Capital stock Is $ (!) . First mortgage Is 
for $500,000 ; trustee Is Old Colony Trust Co., Boston. The mileage 
to be covered will be about 22O miles, of which 97 miles were In oper- 
ation In July. 1896. 

EABVOKM.-A months, ) 1896. ........... Gross, $28,432: def., $7,101 

July 1 to Nov. SO. $1895 ........... Gross. 30,403; def., 2,216 

In year ending June SO, 1896. gross, $64.723; def. under operating, 
$5,713. In 189493. gross. $78.303; net. rj,485. (V. 62. p. 1040.) 

1ron Dublin A Savannah. Owas road completed from 
Macon to Dublin. 54 miles ; projected to Savannah, 99 inllt-s additional. 
Owned by the Illinois A Georgia laiprovamcnt Company of Chicago. V. 
6O,p. 711.794. 873. U jaar ending June 30, 1890, gross, $06,079; net, 
11.522. In 1S94-9S groas, $51.952; net, $9.740; charges, $2,084- 
bal . surplus. $7,056. Stock. $1,250,000: par, $1OO.-(V. 00, p. 1058.) ' 

Tlaron A northern Hy. Absorbed In 1895 by Central of Oa. Ry 

viainr Oulral. IJne of road, Portland to Vanoeboro, Me., via 
Augusta. 251 miles: branches, Cumberland Junction to Hkowhi<ican, 
91 miles; Bath to Lewlston and Farmlngton, 70 mllns: branches- 
Belfast, Dexter. Boekspon and Mt. Desert Ferry (7"? mll.MO, 133 miles; 
Portland A Ogdensbnrg RK.. Portland. Me., to Luncubcrg, 109 miles; 
branches, 6 miles; Upper Coos aad Hereford railways, Lnnenberg, 



, , 

.V. a., to Lime Ridge, Quebec. 1O8 miles; Bath to Rockland (Including 
steam ferry. 8-10 mfles.) 48 miles: total. 832 miles, of which 845 mllns 
owned. 4'J9 miles operated under 999 year leases, and practically 
owned; 33 miles operated under 5O year leases and 8 miles ferry lines. 



OBOAKIZATIOS. A consolidation In 1862 of the Androsooggtn A Ken- 
nebec and the Penobsoot A Kennebeo. Into which have since been merged 
the Port. A Kennebec, Somerset A Kennebec and Leeds A Farmlngton 
RR.CO. Stock for $2.510.000 U owned by Boston A Maine. In Janu 
ary. 1897, company was proposing to Issue stock for Improvements. 

DiviDBme > 1882. :--: 1884 to Jan.. 1 897. 

Percent ( 3 5>i 6 yearly 

BOHIM, UOABAITTIBS, Consols of 1872 are held In trust M retire all 
underlying bonds at maturity. 

There were also on June 30, 1896. $70.000 Shore Line 6s, due 1923 . 



also $150,000 Belfast A Moosehead Lake mortgage bo 



due 1920. 



juds. (In 

not Kuaranteed. interest and slnklu fund paTd out of the rental. 
Jointly with B. A at. guarantees $300.000 Port. Union Station bonds. 

FIOATIVO DEBT. Notes payable were *923,OOOon June 30, 1896, but 
arrangemenU were being made to fund this Indebtedness into a sink- 
In g fund loan. See T. 63. p. 599. 

AKICJAL BBPOBT. Fiscal year ends June 30 (formerly Sept. 30). 
Annual meeting 3d Wednmday In October. Report for the yar ending 
June 80, 1896. was In V. 68, p. 599. 

T tart ending June 3O- :-' l -::,. 1894. 

Gross earnlns 84.985,318 $4,814,461 84,655.584 

Net earnings 1,615,866 1,677,898 1,616.601 

Other Income 51,860 52,530 (Inc. In gross) 



81,616,601 

| 1,321,771 

298,501 



Net Income $1.667,720 81,730,428 

Interest 637.834 662.772 

Rents 649.510 640,706 

Dividends. 298,524 298.519 

Balance, surplus 881.852 $122,371 def. $3,071 

-(V. 63, p. S99, 602.) 

Hani-heater A Augusta. Road from Darlington to Denmark 
8. C. ,1O2 miles; Creston to Pregnalls, 4 1 miles; branch to Kerinisou 
6 miles; total, 165 mile*. Part of Atlantic Coast Line. 

STOCK. Capital stock Is authorized at (1O.OOO per mile of completed 
road. Outstanding In March, 1896, $693,200. 

BOKO*. First mortgage 5s are limited to $15,000 per mile and $200, 
000 for terminal*. Undtrn Joint traffic contract with thi* Richmond 
Frederloksburg A Potomac, Richmond A Petersburg, Petersburg RR., 
Norfolk A Carolina, Wilmington A Weldon, Wlltn. Col. A Augusta and 
Florence RR.. those companies agree to set aside monthly 20 per cent 
of gross receipts from traffic with Manchester A August*, same to be 
Bsed each year to make up any deficit for Interest on M. A A. bonds 
Charleston A Northern division " B " bonds, B425.OOO, are guaranteed ; 
they are also endorsed by the North Kastern RR. aud the Wilmington 
Columbia A Augusta RR ; they cover the 78 miles purchased at fore 
of the Charleston Suiuter A Northern. 



INVESTORS' SUPPLEMENT 



[VOL. I 



nbMTtbr. wlU confer r* for br lrln Immediate notice of any error discovered in these Table. 



RAILROADS. 


Mile* 
of 

K.....1 


Date 
of 

Bonds 


Size, or 
Par 

Value. 


Amount 
Outstanding 


INTEREST OR DIVtDENDB. 


Bonds Princi- 
pal, When Dae. 


for explanation of column headings, Ac., iee note* 
on ant page of table*. 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


Stocks Last 
Dividend. 


MfltaA QtoiliMi fOo9ultntt<t \ 
European A N. Am. stock. 5 p. o. rental 099 yean 
DexterAPUcaUwjuUstockS P.O. rental 999 years. 
l>t M.. Dexter to Dovei , etc., guar. by end 
Hereford R'y tock (4 p. c. rental for 999 yean) . . 

UMMrOoofifaL took. P 6 p.'o! e re 1 n tal 999 year*:" 


114 
17 
17 
53 
S3 
22 
22 
33 
48 
48 
48 
14 
18 
65 
78 
22 

"36 
18 
18 
32 
32 
92 


1889 
1890 

1890 
1890 

1890 
1891 

1893 
1895 

1892 

1878 
1879 
1MH6 
1890 
1886 


9100 
100 
1.000 
100 
1,000 
100 
1,000 
1,000 
100 
1,000 
1,000 
100 
100 

1,000 
"ioo 

1,000 
100 

4 A $ 

1 ,000 

1,000 

1.000 
100, &0. 
25 
1,000 
1,000 

1,000 

1,000 
1,000 


$2,488,700 
110,OOO 
175,000 
800,000 
800,000 
350,000 
350,000 
575,000 
200,000 
1,300,000 
350,000 
122,000 
200,000 
1,108,000 
425.OOO 
1,000,000 
274,000 
30,OOO,OOO 
10,818,000 
4,000,000 
l.OOO.OOO 
24,065,000 
1,380,000 
5,312,725 
2.155.OOO 

ior..ooo 

1,400,000 
864,000 
1,000,000 

5,083,200 
5,000,000 


5 per an. 
5 per an. 

4 per an. 

6 per an. 

ft 

5 per an. 

5 
6to5 
4 >s p. an. 
58- 
4 g. 
10 p. an. 

6 per an. 

i g 

5 
it 


A. A C. 
J. A J. 
J. A J. 

M. A N. 
M. A N. 
M. A N. 
M. A N. 
M. A N. 
F. A A. 
F. A A. 
F. A A. 
M. A 8. 
M. A N. 
J. & J. 
MAS. 
M. A N. 
J. A J. 
Q.-J. 
J. A J. 
M. A N. 
M. A 8. 
A. A O. 
J. A J. 


Bangor, Treas. Office. 
Dover, Me., Office. 
Boat. N. Rev. Bk., Port 
Portland, Me. Cent. Of. 
Boston, Mass. Nat. Bk. 
Portland, Me., Office. 
Boat, N. Rev.Bk.; Port. 
Portland, Me., Office. 
Portl'd,Me.,Me.Cent.Of. 
Boston, Nat. Revere Bk. 
do do 
Dexter, Me., Office. 
Rocklanil, Me., Office. 
Balto., Safe Dep. A Tr. 


Qct. 15, 1896- 
Jan., '97, 2k9b- 
July 1, 1929 
Nov., l->96 
May 1. 1930 
Nov., 1896 
May 1, 1930 
May 1. 1930 
F'b. I,'97,2is94. 
Aug. 1, 1920 
July 1, 1921 
Sept., 1896 
Nov., 1896 
Jan. 1, 1943 
Men. 1, 1915 
Nov. 2, 1896 
Jan. 1. 1922 
Jan.2'97,lia6 
July 1, 19O 
Nov. 1, 1899 
Mch. 1, 1916 
Apr. 1, 1990 
July 1, 1926 


Exten*JooV,21.0ob p.m.. Kuar.p.* Uend.). 
Kaox A Unooln *took, Kuar.. 5 p. o., 999 yean 
1 it M. Penobcoot Shore Line RR. Co.. assumed. 
K. A L. 2d mortgage (for $400,000) aMumed. . . 
Dexter A Newport, stock. 5 p. o. after Nov. 25,'98. 
BMtern Maine, (took. 4", p. ct. rental 999 yean 
JtoneAwtar A Aug**la-l<H M.($960,00 Juar.)*O* 
Charleston A Northern 1st mort. "B" guar.,gold. 
OHCAM. * Law. -8tock,10 p.c.ren'1 till 1937.B. AM. 
Real estate bonds (not mort.) Int. gu. by B.A M-c 


Manchester and Boston. 
Boston, B. A M. RR. 
N. Y., 71 Broadway. 
N. Y., Mercantile Tr. Co. 
do do 
N. Y., Mercantile Tr.Co. 
do do 
In default 


M etropol. EL 1st M., $6OO,OOO p. m., assum'd.g.o' 


N. Y. EL deb., secured by consol. mort. of 1890. . 
Manhattan Elevated consolidated mort, gold..o* 
Jfwoit Vitv * Fort Dodge letm.*15,000 p. mile, g. 


HniMii of 1880, secured by old morts.ln trust, gold. 


293 
200 
293 
293 
293 

293 


1880 
1867 
1877 
1877 
1884 

1896 
1896 


?* 

7 7 !: 

6 K. 

4 to 5 
5 If ea'd 


J. A J. 
J. A J. 
J. A J. 
J. A J. 
J. A J. 

J. A J. 


Ju'y,'94, paid Jan. 2,'97 
Jitly,'94, paid Jan. 2,'97 
July ,'94, paid Jan. 2,'97 
July ,'94, paid Jan. 2,'97 
July, 1892, last paid. 

1st coupon Jan. 1, 1897 
New York, if earned. 


Jan. 1, 1915 
Jan. 1, 1915 
Jan. 1, 1915 
Jan. 1, 1915 
Jan. 1. 1924 

1996 


Con*. M. of '77 with 1 st lien on 93 m. In Ti-nn. . g.o* 




PKOPOHICU SKuuRiTtrs UNDER ISELIN PLAN. 
1st M., g. (<ee text) 4% 5 yr.,4'a'S 5yrs.,theii 5%. 
Incomes p. c. nou cumulative 






The Atlantic Coast Line Co. guarantees $960,000 Manchester A Au- 
gusta tints, principal and interest 

EARNINGS. For 11 mouths ending June 30, 1895, gross, $82,550; 
deriutt under operating expenses and taxes, $25,480. V. 61 , p. 1065. 

liu-li.-lt-r A Lawrence. Owns from Manchester, N. H., to 
Metbnen (State Line), 22 "4 miles. Leased for 50 years from September 
1. 1887, to Boston A Maine at a rental paying 10 per cent dividends. 
In June, 1895. a dividend of 50 p ct was paid on the capital stock out 
of money received from C. A M. suit (V 6^, p. 869.) 

nanb,aUiiRy.(Blevated). ROAD.-Controls and operates all the 
elevated railroads In N. Y. City, its maiu track aggregating 32 miles. 
Besides these It owns and operates the Suburban R. T. RR., 3% miles. 

HISTORV, ETC. -Farmed Nov. 24, 1875. In May, 1891, $4,000,000 
stock was Issued to acquire the Suburban Rapid Transit RR., owning a 
bridge across the Harlem River, aud a road in operation to near 171st 
8t.S. Y., 2 miles. V. 52, p. 642. 

BONDS. Contolidaled mortgage (trustee, Central Trust Co.) is limited 
on present mileage to $40,000.000, and will provide for prior bonds 
when dun. Further amounts may be issued for extensions if desired 
at the rate of $3OO,OOO per mile of single and $600,000 per mile of 
louhle track. (See abstract of mortgage in V. 51, p. 248, and applica- 
tion to New York Stock Exchange In V. 52, p. 353.) Of the consols 
the company Itself In July, 189ri, held $300,000 against "special ac- 
count" and $52,OOO consols to redeem convertible certificates. 

GENERAL FINANCES. There are considerable claims pending igainst 
the company for damage to property on the lines, and uiuuy of these 
are before the court*. See CHRONICLE V. 62, p. 414. 

In June. 1895, consol. 4s fur 8,92 5,000 were sold to take up $8,- 
500,000 N. Y. Klcvated 7s called for payment Jan. 1. 1896. By the 
refunding of the 7s the saving in interest charge is $238,000 annually. 
The Having for the year 1895-96. however, was offset by thu fact that 
until Jan. 1. 1896, both the 7s aud the 4s Issued to retire them were 
drawing Interest. In Oot , 1896, *810,OOO and In Jan., 1897, $282,000 
(available for Improvements, etc.) consols were listed, making total on 
lilt $24.065.000. 

DIVIDEND*. )'84. '85. '86. '87. '88. '89 "JO. Jan. .'91 to Jan.'97. 
Since '83. !'. Ct. ( .1666 5 See below, (i (lig quar.) 

In 1889 1 In cash aud 4 "2 In forip; in 1890, 4^ cn-h aud 1 > s scrip. 

LATEST EARNINGS. -Kor three months ending September 30: 
3 mof . armn. Xrt. Otlt. inc. Int. <t tales. Hal., turn. 

1896.. $1,960,498 $701.052 *5O,(>9J $604.003 $147,74-2 

1895.. 2,074,193 755.O64 74,3-7 768,790 62,611 

Loans and bills payable Sept. 30, 1896, $l,065,OOO, against $19O,OOO 
June 30, 18!i. 

ANNUAL REPORT Fiscal year ends June 30. Annual meeting Is 
beld thesecond Wednesday In November. Report for i ear ending June 
3O. 1896, was irtven in V. 63, p. 310. and for j ear ending Sept. 30, 1896, 
In V. 63, p. 876. 

rar end ing June 3O 1896. 1895 1894 

GroM earnings $9,256.931 $9,397,570 $10,153,576 

Net over operating exp 3,725,973 3,983,605 4,621,536 

Other Income 232.52O 287,135 311078 

Interest, rentals and taxes 2,840,397 2,748,694 2,600507 

Dividends 1.8OO.OOO 1,800,000 1,800,000 

Balance after dividends. . .def. $68 1,904 def.$277,954 sur.$532,647 



Yr.8ep.30. Passengen. Earnings. 
1885-86.. .115,109,591 $7,426,216 
1886-87. . .158,963,232 
1887-88.. .171,529,789 
1888-89. .. 1 79,497,433 
1889-90. ..185,833,632 
189O-91. .196,714,199 



Yr.8ep.30. Passengers. Earnings. 
1891-92.. 215,122,575 $10.90'i,579 
1892-93. .219.621,017 11,137<>51 
1 893-94.. 196,15I>,323 ' 
1894-95.. 188,072,645 
1895 96. .183,437,244 



10.13M.143 
9,745,927 
9,352,115 



8.102,662 
8,673,871 
9,080,881 
9,38^683 
9,959,710 

V. 63, p. 810,652,794, 876,922,1159; V. 64, p. 42, 83, 134.) 
W"rta * North (ieorgla.-See ATLANTA KNOXVILLE & 

in. on ntr A Fort Dodjre. Owns road from Mason City, la 
to Lvliigu, la., 88 BUM*, and branch, 4 miles. Stock authorized &*> - 
000.000; out*t4>ndlng, $920,000; par, $100. In year ending June 30 
189. gross, $168.327; net, $65,85O; charges, $90.800; balance 
deficit 021.950. In 1894-95. gross. $128.612; net, $23.180. Net ^cur- 
rent liabilities June 3O, 1896, $842,352, Including unpaid coupons 
$828,000. President M. C. Healion. of St Paul. 

TIrmphl. A CharleiCon HR.-ROAD. Owns from Memphis to 
Stevenson. Ala., 272 miles; branolie* to Florence, etc., 20 miles -leases 
to Chattanooga. 38 miles ; total, 330 mlles-largely 56 pounds stee* 

RECEIVERSHIP. ETC.-The Southern Railway Company owns $2,656 - 

v *'o e "^' bl JJ r '? ht t<> vot * """ w oouteited. (V. 50, p 

52, p 831.) Rcce vers appointed In 1892, Henry Fink and & 

M. MoOhee. I^rice i expenditures for Improvements are said to he nec-s 

*ry. V. 56, p. 882 Foreclosure suit under the 7 per cent mortiiurp 

was pending In January, 1897. V. 64. p. 83. 

COUPON PATHBNT* Coupons due July 1, 1894. ereept on general 
mortgage, were paid Jan. 2, 1897, at Chase National Bank. New York. 



COMMITTEES. For 7 pr cent bonds: Adrian Iselln, Jr., Frederic 
Cromwell, W. Emlen Roosevelt, Edward N. Gibbs. In Jan.. 1897, this 
committee was proceeding with foreclosure, preparatory to carrying 
out the plan outlined below. V. 64, IK I.'. 

Committee for general mortgage 6s: Simon Borg, J. Kennedy Tod and 
Albert S. Roe; depository. Central Trust Co., N. Y. This committee, 
which represents a large majority of the general mortgage bonds, 
is opposing the foreclosure proceedings under the prior lien bonds. 
See full details of this committee's plan lu V. 02, p. 821, 869. 

ISELIN PLAN. The plan of the Iselin Committee providing for a 
lease of the road for 99 years to the Southern Railway was given in V. 
62, i>. 4f>7. Under the lease the Southern Ry. Co. is to pay to the 
first mortgage trustee a sum sufficient to pay all interest on the new 
first mortgage bonds (which will also cover tue lease), anil also interest 
on its Income bonds (or preferred stock ir substituted therefor) to ex- 
tent of surplus net earnings. Over 98 per cent of the 7s have been de- 
posited with this committee see V. 63, p. 3 to. 

The new securities proposed are shown In table at top of page. Of the 
$fi, 5OO.OOO new firsts $1,416,800 are reserved for future construction 
purposes, while $1,500,000 additional, making $S,OOO.ono in all (or 
bonds secured bv another mortgage) for an extension to Chattanooga 

Exchange of Securities. Old bonds and old stock will receive : 

. Will rec'iee . 

Holders of Xeu>flrs>s. Incomes." 

Tennessee lien bonds, first and second mortgage \ 

exteu'd 7s for each $1,000 (all coup, attached. \ 
Consol. mort. 7s do do do do 

Qeneral mort. 6s do do do no 

Common stock $100, paying $1 per $25 share. . . 



$1,200 
800 



$400 

1 .'200 

1.5OO 

10 



* Or preferred stock if substituted. 

FLOATING DEBT. On June 30, 1896, bills payable (E. T. Va. & Ga. 
loan) were $139,564; balance due receivers, $128,670; interest on 
bonded debt due and unpaid amounted to $1.031,700 (interest due 
Jan. 1, 1894, on all but general mortgage of 1884 having been paid. 

EARNINGS. 5 mos., > 1896 Gross, $583,074; net, $165,824 

July 1 to Nov. 30. S 1895 Gross, 604,052; net, 153.583 

ANNUAL REPORT. Fiscal year ends June 30. Report of the receivers 
for 1895-96 was In V. 63. p. 554, showing : 

1895-96. 1894-95. 1893-94. 1892-93. 1891-02. 
Gross... $1,348,537 $1,202,273 $1,274.818 $1,520,241 $1,531,514 

Net 288,281 172,548 203,262 293,709 307,281 

- (V. 63, p. 30, 310, 554; V. 64. p. 42, 83.1 

[tlerldell Waterbury * Connecticut River RR. Cromwell, 
Conn., via Meriden to Waterbury, Conn., 30 miles. No longer in opera- 
tion. See report New England RR., V. 63, p. 698. 

l-\lrmi Central (Mexico). (See J/ap.) Mileage Main line 
Mexico City north to Juarez City, 1,224 miles, 406 miles on Tamploo 
Division, 11 miles on Guanajuato Branch, 161 miles on Guadalajara 
Division and 17 miles on the San Bias Division, 44 miles on Pacuuca 
Division, Bar extension 6 miles, and other branches 7 miles ; total Dec. 
31, 1896. 1,876 miles. All standard gauge and 56-pound steel rail. 

ORGANIZATION. Incorporated February 25, 1880, under the general 
law of Massachusetts, and also holds a charter from the Mexican Gov- 
ernment. Debt readjusted in 1889 see V. 48. p. 191, 292, 327. 

SOBSIU v. Jan. 1, 1896, there was left of the subsidy in trust $3,377,- 
120, to be used whenever necessary for the payment of principal and 
Vntercst of the consolidated mortgage bouds, $275,000 having been so- 
used in 1895. Of the *3,000,OOO of Mexican Government bonds re- 
ceivable under Tamplco Harbor coucessiou for a depth of 22 feet, 
$2,7110,000 (in Mexican Government 6 per cent bonds) had been re- 
ceived in April, 1895, corresponding to a depth of 2O feet, and these 
were e changed In 1895 for $2,934,000 of 5 p. c. Government bonds. 

BONDS. The $7,000,000 priority bonds were paid off with proceeds 
of subsidy collections, interest ceasing April 10, 1891. See V". 5'2, p. 
390. Of these $1,403,000 were canceled aud balance are held as invest 
uient by Trustee of oonsol. mort. The cousoL mort. 4 p. c. (trustee. 
Boston date Deposit & Trust Co.) cover the entire property, all old firsts 
deposited, and the subsidy earned and to be earned. (See abstract of 
mortgage in CHRONICLE, V. 49, p. 177.) Both series of incomes are 
non-cumulative and secured by due indenture to the American L. & T. 
Co. First consol. Incomes received 3 per cent interest July 10, 1890, and 
3 per cent in July, 1891, and 1892, respectively ; none since. 

GENERAL FINANCES. In May, 1896, $800,000 consol. 4s were sold 
for improvements. V. 62, p. 949. On Jan. 1, 1896, notes outstanding 
were $1,000,OOO, the same as in 1894; iuteretdue and accrued, $1,197, 
840; accounts payable, $624,775. Notes and accounts receivable Jan. 
1. 1896. $937,319; cash on hand, $1,274,194. Tampico Harbor Co. 
bonds of 1894 for $3,396,000 (all owned in June, 1896, by the Mexican. 
Central) are guaranteed. (V. 6'2, p. 869.) 

EARNINGS. Mexican cur. 5 1896. .Gross, $9,192,099; net, $3,151,257 

Jan. 1 to Nov. 30(11 mos.) < 1895. .Gross, 8,594,271; net, 3,484,680 

ANNUAL REPORT Fiscal year ends Deo. 31. Report for 1895 wa 
given In full in V. 62, p. 817, 823 : see also editorial p. 805. The gross 
earnings oelow are Mexican currettci/; all other figures U. S. currency. 
In 1895 the company received an average of 52-95 cents forits Mexican 
dollars, against 51-87 In 1894, 62-02 in 1893 and 68-26 cents in l>;ti'. 



Ji.lfABT. 1W7.J 



KAILROAD STOCKS AND BONDS. 



83 




MAI' OK TIIK ffK2 f , 

MEXICAN INTERNATIONAL "S? ^^f!^ 



RAILROAD ,._ , 

AM) CONNECTIONS & "^W I> ~ V "* 

Oott* H*tt Inilcmi, rrojntt* iittmlont -4 , . ^X )~* o CntaU 

-"' 



.V 



INVESTORS' SUPPLEMENT. 



[VOL. LX1V. 



RAILROADS. 



fur explanation of eolumo heading*, Ac., tee nbte 
^ ODBr-tj-mwofUblM. 



Crl-etock, $25.600 per mile 

am (unawented) and scrip..... 




M li.jer."B." g.. Inc. non-ac. (for $16.675,OOO). 

3d mortgage, deb. (Income not cumulative) gold. 
Jit* "affSJiCo.. Umittd-A otfs., 5% non-oum. 

B certlnontea 

tttztean IforUum Stock ;;-yv 

lit mortgage, U. 8. gold coin, s. f. not called. o'*r 
JTavfao Outnunaea liPaciffo 

l.t mortgage, gold, $25,000 per m 

*oto71or?-7o'^lrtM: (KZ.boo'.obo'ari's*) . . o' 

M. C. Michigan Air Line, 1st mortgage OAT 

S IrtM. on Det. A Bay City <$OOO,OOO>.... e 

do do do ...r 

M. C. lit mortgage on Grand River Val. RR....C* 

U. C. lit mortgage on Kalamazoo A 8. Haven. . .r 

H. C. lit mortTon Term. RR., $1,500.000 oir 

Grand River Valley stock, rental In perpetuity... 
Det. A B. City bonds, endorsed, no mort. llen...o 

Hrlilk-e bOMHi einliir<eil, nu inortciiiic lien 

Jack.Lan*.* Sag. stock, 3^t p.c. y'rly, guar.by end. 

Con*, mortgage, assumed, extended in 1891. .0* 

Bay City A Battle C., 1st M., gold, gu.p. A 1. end.o' 



,064 
1,064 
1.0IM 
r 1,004 



r 1 



Mile* 
of 

K ..... 1 



83 
83 



270 

115 

152 

152 

84 

39 

"84 



295 
295 

18 



Date 

of 
Bonds 



1887 
1887 

1MK7 
1HW7 
ISlll! 

1896 
1890 
1893 
72-'82 



1MH1 

1881 

7!l-'Mti 

IMS!) 

1896 

1872 
1873 

71*80 

1889 



Bite, or 

Par 
Value. 



nog 

1.000 

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

100 A-r. 

5OO Ac. 
1,000 



100 
1,000 

"ibo 

1,000 
,OOOAo 

1 ,(K)0 
.(KKlAc 

1 ,(M>0 
.OOOA-e 



100 

1 ,000 
1,000 

100 

1,000 
1,000 



Amount 
Outstanding 



. 

557,000 
58,90M,000 
17,282.400 
11,235,000 

467,200 
See text. 
14.637.OOO 
33,350.000 
11,582,000 
12,265,000 
12,265,000 
7,040,000 
2,016,250 
1,567,000 
$3,000,000 
See text. 

1,000,000 

1S,73H,00<) 

10,000,000 
2,600,000 

| 3,576,000 

1,500,000 

700,000 

500,000 

491,200 

274,000 

150,000 

2,000,000 

2,054,000 

250,000 






Rate per When Where Payable, and by 
Cent. Payable Whom. 



<Vg. 



3 
bg. 

4 g. 



6g. 
6g. 



See text. 
6g. 

5g. 

See text. 
7A5 

5 

5 
6 
5 

4g- 

5 psr an. 
8 
8 

i. an. 
5 
3g. 



J. A J 
J. A J 
July 10 

July! 
J. A J. 
M. A S. 



J. A D. 

M. A 8. 
April 1. 

May 1 
M. A 8. 

April 1 



F.'A'A. 

M. A N. 
J. A J. 

M. A 8. 
Q.-M. 
M. A 8. 
M. A N. 
J. A J. 
J. A J. 
M. A N. 
M. A N. 
M. A 8. 
M. A 8. 
J. A D. 



Boston.8afeDep.ATr.Co 

do do 

Boston, when earned. 



Boston Safe Deposit. 
N. Y., Of., Mills Bulld'g. 



N. Y., Nat. City Bank. 
Paid l>2p.et. Apr, 1,'96 

See text. 



When earned. 

do do 

N. Y., office, 42 Pine St. 

do do 

(f . Y. Mercantile Trust. 
N. Y. Gr. Cent. Station. 
N. Y., Union Trust Co. 
Rg.atG.C.S.; cp.atU.Tr. 
N. Y., Union Trust Co. 
N.Y., Gr'd Cent. Station. 
N. Y., Union Trust Co. 
N. Y., Gr. Cent. Stat'n. 
N. Y., Union Trust Co. 

Jackson, Mich. 
N. Y., Union Trust Co. 

do do 

N. Y., Gr. Cent. Station. 
N. Y., Union Trust Co. 

do do 



pal, When Due. 
stocks Last 
Dividend. 



July 1, 1911 
July 1, 1911 
Jan. 10, 1939 
Jan. 10, 1939 
July 1, 1911 
Jan. 1, 1926 
Sept. 1, 1942 



June 1, 1927 
July 1, 1917 
July 1, 1917 
July 1, 1937 



Dec.1,'96,1% 
Dec. 1, 1910 

Got 1. 1943 
Feb.1,'97,'2% 
May 1, 1902 
Jan. 1, 1940 
Men. 1, 1931 
Mch. 1, 1931 
Sept. 1, 1909 
Nov. 1, 1939 
July 1, 1941 
Jan.,'97,2>s% 
May 1, 1902 
May 1, 1903 
Sept. 1, 1896 
Sept. 1, 1901 
Dec. 1. 1989 



Mexican Central Concluded 

INCOME ACOOPHT (u. s. CURRENCY EXCEPT AS INDICATED). 
Tear endma Dee. 31 1895. 1894. 1893. 1892. 

AT'ge mile* operated ..... 1,860 1,800 1.817 



1,825 



..... , , . 

GroM eanungsiMex. cur. $9,495,866 $8,426,025 $7,981,768 $7,963,254 
Met earn* Mex. cur ...... 83,896,475 $2,966,350 $2,845,588 $2,961,46 



Do "do inU. 8. our.... 2,063,157 1,538,698 
Bnbatdy aec'tlnU. 8. our. 275,000 750,000 
MUoeUaneous In U. S. cur. 186,472 142,460 



1,764.823 
500,000 



2,021,515 
500,OOC 
7.17C 



Total net Income. $2,524,629 $2,431,153 $2,264,823 $2,528,685 

Interest on bonds. .. .. 2,306,600 2,306,888 2,226,962 2,667,769 
Miscellaneous 208,281 188,449 16,387 



Balance . .. sur.$9,748 df. $64,184 sr.$21,474 df.139,084 

-(V. 62. p. 315, 805, 8 1 1 , 843, 869, 949. 990; V. 63, p. 968.) 

nexlean Industrial By*. Road was under construction. Capita 
stock, $40(1.00 ; par, $100. Bonds offered in June, 1896, $150,000 to 
be sold at that time and $350,000 shortly afterward. Boston Safe De 
polt A Trust Co., trustee. (See V. 62, p. 1177.) 

Mexican International Kit. (.Set Map) ROAD. Owns in 
Mexico a standard gauge road from Ciudad Porflrio Diaz, on 
Southern Pacific, via Torreon, on Mexican Central, to Durango, 540 
miles, with branches, 76 miles; new branch to Tlahualllo, 50 miles 
was opened Sept. 23, 1896: total operated, 666 miles. A branch to the 
coast Is under construction see map. 

STOCK. Authorized $25,000,000; Issued Jan., 1896, $16,975,000. 

BONDS. Under the first mortgage of 1892 (trustee, Metropolitan 
Trust Co. of New York) bonds may be issued at not exceeding $30,000 
per mile of road constructed or acquired. The bonds are payable 
both principal and interest in United States gold coin. See application 
to Mew York Stock Exchange In full. (V. 57, p. 181.) 

KAKKWOS Mex. cur'cy. $ 1896 Gross, $2,667,097 ; net, $995,651 

Jan. 1 to Nov.30 (11 mos.) 1 1895 Gross, 2,378,669 ; net, 924,743 

ANSI- A i. REPORT. Report for 1895 was given at length In V. 62, p, 
663, 680, 687, showing earnings as follows: Gross on average of 586 
miles. $2,664,126 (Mexican currency); net, $1,066,771; in U.S. money, 
net, including other income, $550,028 ; Interest, etc., $571,104; bal- 
ance, deficit, $21,076. In 1894, gross (Mexican currency), $2,109,121: 
net, $887,305. President, C. P. Huntington. New York office, 23 Broad 
St. (V. 62, p. 85, 663, 68O, 687, 909; V. 63, p. 559.) 

Mexican National RR. Owns narrow gauge road from Laredo 
to City of Mexico, 842 miles ; Acambaro to Patzuaro, 96 miles ; 101 
Balto branch, 45 miles ; Matamoras to San Miguel, 76 miles ; small 
branches, 5 miles; total owned, 1,064 miles; controls through owner- 
nip of stock, Texas Mexican Railway, Corpus Christ! to Laredo, 
Texas, and branch, 163 miles; other lines, 5 miles ; total 1,232 miles. 
Gauge, 3 feet ; rail (steel and Iron) 40 and 45 pounds to the yard. 

HISTORY. A reorganization of the Mexican National Railway sold 
under foreclosure May 23, 1887. Road was completed in 1888. As to 
Mexican National By. Co., Limited. See that company below. 

SUBSIDY. In March, 1895, holders of first mortgage [also called prior 
lien] bends accepted the plan for conversion of unpaid subsidy certifi- 
cate* Into Mexican Government 5 p. c. bonds, uncollected subsidy, 
$3335,685, to be settled by deposit of $4,544,300 of Mexican Govern- 
ment 5* a* security for the firsts of 1887. (See V. 62, p. 593, 1139.) 

STOCK. Stock, $33,350,000 (par $100), placed In trust with the 
Farmer*' Loan A Trust Company, leaving the road in control of 1st and 
2d mortgage bondholders until it earns and pays interest on both classes 
of bonds for two consecutive years. The first mortgage bonds have 
two vote* 123,064 In all], the 2d mortgage, A. A B., bonds one vote 
each [24,530 In all). The Mexican Nat. Construction Co. own* a ma- 
jority of the stock and $7,OOO,OOO of the incomes. See V. 63, p. 1115 
Capital reserve fund Jan. 1. 1896, held $734.786. 

Boson. The flrtl mortgage of 1887 is a prior Hen upon all the 
tine* In Mexico, constructed or to be constructed, and upon the Texas 
Mexican securities. The bonds are redeemable on notice at par. Trus- 
teecHugh M. Matheeon and Capt. W. G. Raoul. Original Issue $1 2,500,- 
OOO, which has been reduced to present figure by redemption with sub- 
ildy of $319,000 In 1891, $30oToOO In 1892 and $298,000 in 1893 ; In 
1894, none; In 1895, $46,000; In 1896, $119,000. 

The 2d mortgage bonds, series "A." are strictly cumulative, and not 
foreolosable while stock remains In trust as above stated ; the 2d mort- 
gage bonds, series " B," are non-cumulative ; trustees, W. G. Raoul 
and J. A. Horsey; $200,000 of 2d mortgage bonds are reserved for betr 
termenta. A* to the deposit In 1896 of A and B bonds with the Mexican 
National By. Co., Limited, see that company next below. Third mort 
nee trustee*. C.J.Canda and H. A. Risley ' 

On tenet "A" bonds from earnings 2 percent was paid March 1, 
1893, 1 per centon April 1, 1895, and Iki per cent on April 10, 1896, at 
Nat. City Bank, N. Y., and In London. 

Of the 2d mortgage bond* $5,000,000 [one-half each series A and Bl 
entered Into a special trust arrangement by which they are drawn for 

Payment with proceeds of certain subsidy certificates, but remain alive 
i hands of the trustees, as the property of the Construction Co., to 
whom they are to be delivered when the whole $5,OOO,OOO have been 
redeemed. See V. 56, p. 20, and FINANCIAL REVIEW for 1890, page 59. 

EAHXINOS-I 1 months, J 1896 Grow, $4,725,757 ; net, $2,209,115 

Jan. 1 to Nov. 30. (1895 Gross, 4,067,773 ; net, 1,809,708 



Net available for interest (11 mos.), $1,223,139 In 1896 ; $979,751 In, 

1895. Above figures are in Mexican currency to be valued at 80 cents on 

the dollar in U.S. money, all other depreciation having been allowed for. 

ANNUAL REPORT Fiscal year ends Dec. 31. Report for 1895, wlti 

the balance sheet, etc., was given In full inV. 62, p. 574, 586, 591. 

Gross below are in Mexican currency, all other figures In P". S. currency. 

Mexican currency is reduced to United States currency at 80 per cent, 

all loss above this being charged off in exchange account shown below. 

INCOME ACCOUNT (U. 8. CURRENCY EXCEPT GROSS EARNINGS). 
Fear end'g Dec. 31 1895. 1894. 1893. 1892. 

Miles operated 1,218 1,218 1.218 1,218 

Gross earnings $4,513,206 $4,329,079 $4,224,804 $4,756,030 

$1,513,570 $1,296,096 $1,346,898 

99,110 



Net earnings $1,657,126 

Subsidy receipts 



Total net income.. $1,657,126 $1,612,680 $1.296,096 $1,346,898 

Int. on 1st M. bonds.. $693,070 $694,680 $702,130 $720,185 

Exchange 707,941 718,071 434,242 248,622 

Misc., bet'm'ts, etc.... 97,225 74,761 137,156 132,598- 

Balance sr.$158,890 sr.$125,168 sr.$22,568 sr.$245,493 

(V. 63, p. 116, 358, 559, 880, 1115. 

Mexican National Ry. Co. Limited. This depositary com- 
paany was formed in 1896 (per plan in V. 62, p. 1139, see also p. 635) 
by the " A " and " B " bondholders of the Mexican National RR Co. to 
give them "more immediate and practical control" over that com- 
pany. Its share capital is 24,53O in 10s shares, and is deposited in 
trust to give the control of the depositary company to the certificate 
holders. The certificates were issued In exchange as follows : 25O 
A certificate for a $1,000 " A " bond deposited ; 200 B certificate for 
$1,000 " B " bond and 125 A and 100 B certificate for a Matheson 
certificate. In December, 1896, there had been depoited : $tf,801,000 i 
"A" bonds, $0,754,500 "B" bonds and Matheson certificates for 
$2,835,000. The "A" bonds have two votes, "B" certificates one 
vote each. The income received from the A and B bonds deposited 
will be applied: (1) To expenses of Londo i management not over 
2,000 yearly ; (2) to sinking fund an amount not exceeding 2 per 
cent of revenue collected ; (3) to 5 per cent dividends on A certificates ; 
(4) to dividends on B certificates. See V. 63, p. 880, 1115, and address 
Matheson & Co., 3 Lombard St., London. V. 63, p. 1115. 

Mexican Northern Ry. Owns from Escalon, Mexico, on the 
Mexican Central Ry., to Sierra Mojada, 83 miles, all steel. 

DIVIDENDS > 1892. 1893. 1894. 1895 to Dec., 1896. 

Percent J 6ia 4H! 6 4 yearly. 

BONDS. The mortgage of which the State Trust Co. of New York IB 
trustee, is for $1,660,000, of which $277,000 bonds In Dec., 1896, were 
held by the sinking fund. See description in V.60, p. 482. 

EARNINGS 11 months 5 1896 Gross, $662,008 ; net, $346,402 

Jan. 1 to Nov. 30. U895 Gross, 624,778; net, 333,655 

ANNUAL REPOBT. Fiscal year ends June 30. Earnings as follows: 

Year. Orosa. Net. Other inc. Charges. Dividends. Surplus. 
'95-6.. $763,871 $421,226 $13,873 $142,080 $120,000 $173,019 
'94-5.. 660,644 343,619 7,526 135,284 120,000 95,861 
-V. 63, p. 792. 

Mexico Ciieriiavaca & Pacific. See CHRONICLE July 25, 1896 . 

Michigan Central. (See Map adjoining New York Central 
page.) LINE or ROAD. Main line Kensington to Detroit, 270 miles, 
and Windsor to Suspension Bridge (Canada Southern), 226 miles; 
total main line, 496 miles. Branches owned and leased 1.1 32 miles; 
trackage HI. Cen., 14 miles; total January 1, 1896, 1,642 miles. 
There are 244 miles of second track and 877 miles of side tracks.. 

ORGANIZATION, LEASES, Ac. The Michigan Central was chartered In 
1846; the whole line, Detroit to Kensington, was opened In 1852. The 
Ines described above as leased are all held by the Michigan Central 
lomlnally under leases at fixed rentals. To enter Chicatto uses the 
Illinois Central irom Kensington under a perpetual lease. The 
Terminal RR owns from Union Stock Yards to Chappel, Illinois; the 
road is operated by the Chicago Hammond A Western. The Terminal 
jonds, trustees. E. B.Wesley and W. E. Roosevelt ($1,500,000), are 
ssued by the Michigan Central on the Terminal RK. (V*. 64, p. 135.) 

CANADA SOUTHERN CONTRACT. In Nov., 1882, a close contract was 
u ;i ile with Can. So. for the operation of its road. The contract provided 
'or a re-apportionment every five years and in the re apportionment 
December, 1892, it was agreed that the Canada Southern suould there- 
after receive 40 per cent and the Michigan Central 60 per cent of the 
first $1,000,000 of net earnings, any amount over that to be divided 
as theretofore one-third to C. 8. and two-thirds to M.C.; but under tbe 
original contract each company was accorded all benefit to accrm 
rom reduction in its fixed charges. The M. C. to Jan. 1, 1896, had 
reduced Its charges $319,200, the Can. Southern not at all. (V.64,p. 5. 

CAPITAL STOCK. The stock has remained at same amount since 1873. 

DIVIDENDS. > '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Feb., '97 

Per cent J 5 3 nil. 4 yearly 5 5 5*2 y'rly 4 yearly 

BONDS. The Jackson Lansing <t Kaginaw bonds were assumed by 
Michigan Central, which also guarantees in perpetuity 3*8 per cent on 
he stock. The Bay City <t Battle Creek mortgage is for $1,800,000, 
mt amount outstanding is limited to $15,000 per mile. The 
otal Issue of Itattle Greek tt Sturgis bonds Is $500.000, but 
)f this $79,000 was sub-guaranteed by the Lake Shore A Michgan 



JAJCAKT, 1897.J 



ItAlLROAD STOCKS AND 13OND8 




INVESTORS' SUPPLEMENT. 



[VOL. LX1V. 



..Briber, will o.frr . r~t fvor by lrl. lm-.dl.t. .oUe. of any error dl.o.Ter.d lu fc~ Table.. 



RAILBOAD6. 



" "^ u r^'o-?ffSfr *" - 

n 



m. .old. red. at 102 Hi ..... . 

lrtM., ext.ln'86 ...... o 



0, 6 per cent, cum 
adVi^errd.6<.000.. o . 

Man!D'lvristMVi$l,Oo6,o6o,g^ub.tocail i 10..c4r 

tvlslonal construction scrip, gold, red. at par 
iBeome mort. (cumulative), gold. Interest pald.o* 



Ha.-8took (6 p. 



Jflnntirr" 11 * l" **' /'O* 

1st preferred stock, 5 per oent, cumulative..... 
2d preferred stock, 5 per cent, non-oumulattve. 

l ( tM.,Mlnn.toMerrlamJo <> 

1st mort.. Merrlam Junction to State Llne.gold.e* 
IstM. Mlnn.AI>ul.,Mlnn.to White B.Lake. ......' 

Iowa exten. 1st M., g.(Al. Lea to Fort Dodge). .0* 
Mort-on Southwestern exwnslon($12,000 p.m.)o* 

* ~>ld. o 

9, gold c'Ar 



Miles 
of 

Kn.i.l. 



41 
45 



"13 



NOHT 



"66 



66 



17 



27 
03 
15 
102 
53 
92 



Dale 

of 
Bonds 



1889 
1877 
1893 



$1,000 

l.OCM, 

1,O<X> 
l.OOO 

100 .*<. 

500 Ac. 



1M71 
1895 

H-WE8 TERN 



1BS2 

1895 



1882 



1884 
Paul. 
53 



1891 



1877 
1877 
1877 
1879 
1880 
1881 
1894 



Site, or 

Par 
Value. 



Amount 
Outstanding 



100 

100 
1,000 
1,000 



1,000 
1,000 

50 
100 
500 
100 
100 
100 
1,000 
. r >ooA-<-. 
1,000 
1,000 

1,000 
1,000 
1,000 



Southern. 7 mile* of the B. C. A 8. being operated by that company. 
Bay nty A Battle Creek and the Battle Creek & Sturgis issues both 
carry the guaranty of the Michigan Central endorsed on the bonds. 

OnBATioKs, FiKAHCM, Ac. The road is operated under a close con- 
tract with Canada Southern, and the earnings of both roads are Included 
In the statistics below. As to division of proflts between the com- 
panies. explanation V. 64, p. 5. Nothing has been charged to 
either the construction or equipment account since 188J, witn tiie ex- 
ception of land for right of way and terminals. All betterments and 
Improvement* to the road have been charged to operating expenses. 

ANNUAL REPORT. Fiscal year ends Deo. 31. Annual meeting is held 
on the Thursday following the tirst Wednesday in May. Report for 
1895 was given in V. 62, p. 865. The figures for 1896 below are 
partly estimated. 

Traffic Of the 7,470,951 tons carried in 1895, grain contributed 
8-7 per cent; bituminous eoal, 1O>4 p. o.; anthracite, 0-8 p. c.; lumber 
and forest products, 20-7 p. c. Average rate per ton per m. -617 cents. 

Ttarcndiny Dec.31- 1896. 189V 1894. 1893. 

Miles operated.... 1.642 1,642 1,034 1,634 

Gross earnings $13,8 1 8.OOO $13.051,419 $12,584,012 $16,178,031 

Set earnings 3,4ti3,OOO 3,408,188 3,439,905 3,890,239 

P c. op.exf to earns.. 74-94 74-59 72-66 75-95 

NeMncl'gotherlno.. $3,503,000 $3,517,265 $3,484,555 $3,936,029 

Inte^t P ondebt' " > 2,39. ,000 $ 2 ,217;891 2,216!875 2,217^494 
Can. Southern share. 296,000 304,715 287,808 456.648 
Dividends (4)749,520 (4)749,520 (4)749,528(5ia)1030601 



Surplus $61.480 $60,829 $46,034 $46,976 

(V. 62, p. 278, 865, 1118,1139; V. 63, i>. 1 1 .'>:,; V. 64, p. 135.) 

middle Georgia & Atlantic Ry. Eatonton to Covington, Ga., 
44 miles, and MilTedgevllle to Eatontou, 21 miles. Sold to Central of 
Georgia Ry. Jan. 1, 1897. V. 04, p. 82. 

middle Tenneanee \ Alabama Ry. Completed from Fayet- 
tevllle, Trun., to Madison's Cross Roads, Ala., 32 miles. See V 
63, p. 459. Reorganization of Decatur Chesapeake A New Orleans 
sold In foreclosure Jan. 2, 1893. Stock authorized Is $15,000 per 
mile. First mortgage (State Trust Co., N. Y., trustee) for $350,000 
was to complete and equip road from Shelbyvllle to Decatur, and 
second mortgage bonds, $12,000 per mile, to take up old indebtedness, 
To September, 1896, no Interest had been paid on either Issue, and in 
November Oaunt Crebe was appointed receiver of the company. V. 
63, p. 968. President is Joseph Dlcksou, of St. Louis; David Wilcox, 
Secretary, 20 Nassau St., N. YT (V. 56, p. 42; V. 63, p. 459, 880, 968.) 

middlciborough Kit. In April, 1896, acquired by Louisville A 
Nashville. (V. 61, p. 366.) 

Middlesex Valley. Purchased In 1895 by Lehlgh Valley. 

niddletown V nlonvlllo dc Water Gap. (See Map If. T. Sns- 
anttkanna d Wcttern.i Owns from Middlcto wn, N. Y., to Unlonville, 
N. J. State line, 14 miles. Stock, $149,850; par, $50. Is controlled 
through ownership of stock by New York Susquehauna A Western, 
which pays Interest on bonds. Principal of the second mortgage 5s. 
due Dec. 1, 1896 ($250,OOO), was not paid and a proposition to extend 
the bond at same rate to June 1, 1910, Is pending. V.63,p.ll59. In 
year ending June 30, 1896, gross, $50,171; net, $22,187; Interest and 
lazes, $22,100; balance, surplus, $87. In 1894-95 gross, $51,548; net, 
$21,673. -(V. 63, p. 1010, 1159.) 

midland Terminal Ky. ROAD. From Divide, on the Colorado 
Midland HR., to Cripple Creek, 30 miles; opened in Dec., 1895. 
This line shortens the distance from Denver to Cripple Creek about 70 
miles. The first mortgage Is for $1,OOO,OOO and bonds are redeemable 
at 1O5. In October, 181)6, the bonds had not been sold but were 
pledged for a loan of $625,000 made Jan. 1, 1886, at 6 p. o.; there 
were oar trusts for $ lO.OOO, payable $2,OOO monthly to February 1 
1898. For year ending June 30, 1896, gross, $127,623; net, $188 909- 
interest on loan, $18,75O. President and Geu. Manager, H. Collbran : 
Vice RWIMBfl 1 "" 1 Treasurer, W. K. Gillctt. V. 01, p. '.HIT. 

mil waukeeJc Lake Wlnnebaso RR. Owns Neenah to Sohlels- 
Infervtlle, WIs., 65 miles. Manltowoc Extension, 4f< miles, was opened 
la July, 1896. Leased for 99 years to Wis. Cent, at 37>s per cent of 
(TOM earnings as rental ; but after $175,000 per year Is re-elved 
the balance of net earnings is to be equally divided. The Manltowoc 

[tension Is leased until Aug. 1, 1897 "for substantially $72,000 per 

In August, 1895. a now Issue of $1,000,000 common stock was made 
the old common being made second preferred, and the Muultowoc 
division bonds for $l,OOU.ooo were created for extension of 45 miles 
Including 16 miles of C. M. A St. P. track, Menasha to Hilbert, leased 
with option to purchase lialf Interest [completed in July, 1896] to 
Manltowoc on Lake Michigan, whence ferryboats carrying 30 cars 
transfer trains to Flint A Perc Marquotte or other roads en route for 
seaboard. See V. 62, p. 636. 

DIVIDENDS. Preferred paid 9 per cent per annum to Feb., 1894, 
being regular 6 percent, and on account of accrued back dividend an 
additional 3 percent; In 1895, 6 p. c.; In 1896. Feb., 3 p. c.: Aug 3 
P.O. In February, 1893, 10 per cent extra was paid. OnlySp'c 
accumulated dividends on preferred remained unpaid In Dec 1896 ' 



Rate per 
Cent. 



$t21,OOO 
8OO.OOO 
350,000 
790,000 
1 50.OOO 
250.000 
See text. 

See text. 

780,000 

520,000 

1,430,000 

1,000,000 

75,000 

520.OOO 

244,000 

4.210,200 

393,400 

340,500 

6.000.OOO 

2.5OOOOO 

4,000,000 

455,000 

950,000 

2SO.OOO 

1,015,000 

636,000 

1.382.0OO 

5;282,000 



r, a. 
3 tog 

5* 

5g, 



J. A D. 
J. A J. 
A, A 0. 
A. A O. 
H. A M. 
J. A D. 
J. & D. 



Sea text. 



6*. 

- 



See text 
"s'g. 



5 
Text. 

! 

I s - 
7g. 

IK- 

I s ' 
6K- 
5 g. 



When 
Payable 



Where Payable, and by 
Whom. 



N. Y., Union Trust Co. 
N. Y.. Farm. L.ATr. Co. 
Apr., '94, Int. not paid. 

No iiiti-rcst paid. 
N. Y., N. Y. Busq. A W. 

do do 

N. Y., Blair A Co. 



F. A A. 



J. A J. 
A. & O. 
At mat. 
J. A J. 
A. A O. 

J A J. 

J.'A'J. 



J. A J. 

J. A J. 

J. A J. 

J. A D. 

M. & N. 

J. A D. 

J. A D. 

A. A 0. 

M. A N. 



pal. When Dne. 

Stock* Lnst 

Dividend. 



Boston, Of., 50 State St. 



Boston, Merch.,Nat.Bk. 
let coupon Apr.l, 1897 



Boston, Merch. Nat.Bk. 
do do 

Phila.,Offlce,1198. 4th. 
N. Y., Third' Nat. Bank. 



N. Y. Central Tr. Co. 

do do 

do do 

do do 

do do 

do do 

do do 

do do 

do do 



Deo. 1. 1989 
July 10, 1907 
Oct. 1, 1918 
Oct. 1, 1923 
Nov. 1, 191J 
Dec, 1, 18S6 
Deo. 1, 1925 



Aug., '96, 3% 



July 1, 1912 
Oct. 1, 1926 
Oct. 1, 1900 
July 1, 1912 
Apr. 1, 1904 

Jn.\5,'a^,3^",, 
Ag.1,'96, 3 V,, 
Jan. 1, 1931 



97,212 
97,l"a 
. 190', 
1927 
1907 
1909 
1910 
1921 
1934 



Janl5,' 
Jan.l5,' 
Jan. 1, 
June 1 
Jan. 1 
June 1 
Dec. 1 
Apr. 1 
Nov. 1 



BoNDS.-rDebentures Nos. 1 to 200 are convertible on any coupon day 
Into preferred stock, and Nos. 201 up Into common; the lessee pays in- 
terest on them during flrst ten years after issue. 

As to the Manitowoc Division see V. 62, p. 636. 

RENTAL, ETC. Rental in 1893-94, $174,641; in 1892-93, $204,324 
in 1891-92, $200,843; in 1890-91, $198,591. In 1893-94 net over ex- 
penses and taxes, $167,695; interest on bonds, $111,800; on deben- 
tures, $1,500; dividends on preferred, $40.950 (5^ p. c.); balance, 
surplus, $13,445; (V. 61, p. 281; V. 62, p. 636, 1098; V. 63, p. 117.) 

mine Hill & Sfliuylklll Haven RR. From Schuylkill Haveu 
to Locust Gap, Pa., etc., 52 miles. In 1897 rental reduced to 6 p. c. on 
stock under lease to new Reading. V. 63, p. 1011. 

mineral Range. (Narrow Gauge.) Houghton, Mich., to Calumet, 
Mich., 15 miles; branches and sidings, 7 miles; total, 22 miles. 

HISTORY, ETC. Operated in close connection with Hancock A- Calumet 
(which see.) Reorganized in 1891. In year 1895-6 paid dividends 
amounting to 10 1 " p. c. In Aug., 1896, 3*2 p. c. 

BONDS. The consolidated mortgage covers all the property, including 
$250,000 of Hancock A Calumet stock, which is five-sevenths of the 
whole issue. Mortgage is for $600, 000, of which there are reserved for 
old bonds $7,000 with trustee. Loans and bills payable June 30, 
1896, $203,904. Of 107,387 tons carried in 1895, bituminous coal 
was 27 p. c.; lumber 9-7 p. c.; copper 6-7 p. c. 

EARNINGS. For year endins; June 30, 1896. on 22 miles, gross, 
$112.045; other income, $12.791; net income, $66.320; taxes, $2,861 ; 
int. on bonds, $17,025 ; rentals, etc., $7,532; dividends (lO^ p. o), 
$41,307 ; bal. deficit, $2,405. In 1804-95, gross. $111,229; other In- 
come, $26,675; net income, $70,928. New York office, 45 William 
Street, New York. 

miiineapolls it St. Louis RR. (Set Map.) Owns main line, 
Minneapolis to Angus, la., 261 1 a miles ; Pacific Div.. Hopkins to Morton. 
93 miles ; Kalo Branch, 3 miles ; Lake Park Branch, 1 % miles ; total 
operated, 359 miles. Leases trackage from Minneapolis to St. Paul 
over St. Paul A North. Pac. RR., 11 miles. Also owns, but leases to 
Bur. C. R. A Nor., Albert Lea to Iowa State Line, 13 miles, and from 
Minneapolis to White Bear Lake, 13 miles, which is leased to the St. 
Paul A Duluth Railroad. Operates, but accounts kept separate, Wis- 
consin Minnesota A Pacific Ry., 217 miles. 

The Minneapolis New Ulm & Southwestern Ry. from Winthrop to 
New Ulm, 18 miles, was opened in July, 1896. Its securities are 
owued by the Minn. & St. L. V. 63, p. 646. 

HISTORY. A reorganization in October, 1894, as per plan given In 
V. 59, p. 371, of the Minneapolis A St. Louis Ry., sold Oct. 11, 1894, at 
foreclosure under improvement and equipment mortgage. 

STOCK. The capital stock of the new company is common, $6,000,- 
000; flrst preferred, 5 p. c., cumulative, $2,500,000; second preferred, 
5 p. o., non-cumulative, $4,000,000. Under the plan, old common and 
old preferred were assessed $25 per share, new first preferred being 
issued for assessment. All classes of stock have equal voting power. 

DIVIDENDS. On flrstpre/erred: In 1895, 3>a per cent for 8 months r 
in 1896, 5 p. c.; in 1897, Jan., 2^ p. o. On second preferred non-cum- 
ulative: In 1896 flrst dividend Jan., Us p. o.; July, 1^ p. c.; in 1897, 
Jan., l '-j ]>. o. 

BONDS, ETC. Bonds issued under the mortgage due June, 1927, num- 
bered from 1,101 to 1 .400, for $500 each, additional to those above, 
were assumed by the Burl. Cedar Rapids A Northern RR. 

The new flr*t consul, mortgage (see abstract V. 59, p. 1145) provides 
for the issue of $10,000.000 first oonsol. 40- year, 5 p. o. gold bonds, of 
which are reserved $4,7 18,000 for underlying mortgage, the remainder 
to pay past-due coupons, to retire or acquire certain outstanding bonds, 
and for expenses, etc. The mortgage covers all the property, equip- 
ment, franchises, etc., of the company. 

GENERAL FINANCES. On June 30, 1896, there was no floating debt 
and the company held in its treasury, cash $100,947, consols $282,000 
and M. A St. L. stock of par value of $397,800, etc. 

EARNINGS 5 months, ) 1896 Gross, $932,728; net, $418,350 

July 1 to Nov. 30. $1695 Gross, 981,573; net, 446,644 

ANNUAL REPORT. Fiscal year ends June 30. Report for 1895-96 was 
given at length in V. 63, p. 646, 711. See also editorial remarks p. 675. 

Eariiingt 1895-96. 1894-95. 1893-94 1892-93. 

Passengers $405,605 $338,520 $355,188 $410,995 

Freight 1,500,379 1,378,784 1,243,538 1,449,089 

Mall, express, Ae 122,316 106,694 110,144 114,415 

Total $2,028,300 $1,823,998 $1,708,870 $1,974, 499 

Netovertaxes $824,748 $731,718 $656,411 $706,814 

Other income 144,048 106,482 157,202 138,361 

Total net Income $968,796 $838,200 $813,613 $845,175 

Rentals $56,4761 

IJ8S3SE! i::::::::::: jl^oSSUeorganization Bending until 

Surplus $86,780 j 

OFFICERS. (Elected Oct., 1896). President, Edwin Hawley. 
-(V. 63. p. 76. 399, 646, 652, 675, 697, 711.) 



JANUARY, 1897.) 



RA1LKOA1) STOCKS AND BONDS. 



87 




INVESTORS' SUPPLEMENT. 



[VOL. LX1V. 



RAILROADS. 


M'V- 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bonds rriuui- 
pal.Whea Dae. 


for explanation of column heading*. Ac., see note* 
on flnt page of Ublea. 


Of 

Road 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


Stock* Last 
Dividend. 


MfcM. it. raul * Saull 8le. Jfarto.-Common stock. 





.... 


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


*1 1,000,000 

7,000,000 
8,280,000 
3,207,000 

i<;,8.',8. > 
77i,ooo 

642,902 
500.0OO 
500,000 

.V.!,4.->0,000 

13,000,000 

1*7,000 
39,813,000 

00,000,000 

998,000 
4,OOO,OOO 
500,000 

2,500,000 
1,340,000 
2,685,000 
561,000 

1,200,000 

800,000 

47,442,250 
7,000,000 
2,573,000 
800,000 
245,000 
3,828,000 
650,000 
14,904,000 










PrAfured stock. 7 per cent, non-cumulative 
SSSfSTult 8tt Marie A A&antlo 1st M. gold. .0- 
Mlnneapoll. A Pacific. 1st mort.. $15,000 p. m..o; 
Oouol/SL. old. Int. gnar. <end.)-8ee text....o* 
Income cerufloatei 


495 
286 
970 


1886 

isst: 

IMSS 

1890 


4g.A5 
4A5 
4g. 


J. A J. 
J. A J. 
J. A J. 


N. Y., Morton, B. A Co. 
do do 
do do 


July 1, 1928 
Jan. 1, 1936 
July 1, 1938 
July 1, 1900 
1896 A 1903 
Nov. 1, 1898 
Jan. 1, 1896 


Oartnuu Dee. 1.1896 
tH**if*ipvi Kiter * Bonn* Terre 1st mortgage . . . 
XStSjw* Valley-Bloc*. 4 p. o. rental Cent. Vt.. 
jr<*H KttHtat A Ttaeat Common Block 


"28 


1893 


"ibo 

100 

1,000 

->00 Ac. 
">((() \<: 
1,000 
1,000 
1,000 

1,000 
1,000 
1,000 

$&* 

1,000 
1,000 
100 
1,000 
1,000 
500 Ac. 
500 
1,000 
500 Ac. 
l.OOO 


6 

See text. 


j."i"j. 


Bonne Terre, Mo. 

St. A 1 IKIll.s, Vt. 


Preferred stock. 4 per cent non-cumulative. .... . 
Tebo. A Neonbo 1st mort., gold, s. f., red. at 10O.. 


100 

1,601 
1,601 

i'62 
162 

125 
67 
132 

155 

283 
283 

"is 

296 
55 
1,076 


1870 
1890 

181)0 

1894 
1892 
1892 

1890 
1890 

1 8!t2 
1873 

1893 
1889 

1868 
1871 
1872 
1873 
1876 

1SSO 

1880 


7g. 

if: 
if: 

5 g. 

4g. 
g- 

h 

i- 

Hl'6 tl'Xt. 

i g - 

g- 
5 g. 
413 g. 

5g. 
6 g. 


J. A D. 
J. A D. 
F. A A. 
M. A N. 
A. A O. 
A. A O. 

F. A A. 

M. A N. 
M. A 8. 
M. A N. 

J. A D. 
J. A J. 

F."A A. 

J. A J. 

M. A N. 
A. A O. 
M. A N. 
F. A A. 
M. A N. 


N. Y. Office, 45'Wall St. 
do do 
do do 
do do 
do do 
do do 

do do 
do do 
do do 
do do 

do do 
do do 
N. Y., Mercantile Tr. Co. 
do do 
do do 
do do 
do do 
do do 
do do 
do do 


June 1, 1908 
June 1, 1990 
June 1, 199e 
Nov. 1, 1944 
Apr. 1, 1942 
Apr. 1, 1942 

Aug. 1, 1990 
Nov. 1, 1940 
Sept. 1, 1948 
May 1, 1906 

June 1, 1943 
1929 
July 15, 1891 
Aug. 1, 1938 
July 1, 1938 
May 1, 1938 
Oct. 1, 1938 
Nov. 1, 1906 
Aug. 1, 1920 
Nov. 1, 1820 




lit M. extension bonds, gold. $20,OOO p. m. . .0' 
Mo K. AEastert IstM.. $4,000,00<5g.. assumed. 
Jd M.. $500,000 gold, guar., since assumed.... 
Uttamntted bondt 
Kan. City A Paclflc 1st mort., gold, Ink gti. end.o- 
Oallas A Waoo ltM..20.OOffn.in.,K.,p.*l. KU.C; 
M.K.AT. In TexaslstM., $20,000 p.m.. gold, gu.c 
Boonevllle Bridge, IstM., gold., gu.. dr'n at lOO.c* 


Bh.8h.48o.lstM.*20,OOOp.m.(t.,(ru.,p.&l.(eu(l.)c 
8. W. Coal 4 Imp 1st M. guar. p. A 1. end. B. f. In '99. 
MlnKOMrl factfle Stock, $55,OOO,OOO authorized. 
Pao. RR. of Mo. 1st mort., extended In 1888, goW 
j.l mort. .-xt. In IH'il in irold. St. 1.. t.i K. O..f 
UtM., St. Louis real estate, ext. In 1892, gold. 
1st M. Carondelet Br., g., gu. p.* l.lend.jejt.'oa 
3d M. (ooTer'g 11 property ot Pacific RR. of Mo.) 
Mo. Paciflo 1st M., Lexington to Sedalia, Mo, gold 
Consolidated mortgage, $30,000,000, (told, .c' 



Minneapolis 8. Paul & Sault Ste. niarie.-Owns Minneapolis 
to Sault Ste7 Marie, Mloli.. 491 miles; branches, 15 miles; from jllnne- 
aoolls northwest to Kiilm, No. Dak., 308 miles; Hankinson to Inter- 
national Boundary Line, No. Dak., 342 miles; trackage In Minneapolis, 
St. Paul, etc., 19 miles ; other 14 miles; total, 1,189 miles. 

HISTORY Formed June, 1888, by consolidation of the Minneapolis 
Bault Ste. Marie A Atlantic, the Minneapolis A Pacific, etc. (See V. 
46, pp. 538, 609.) Controlled by Canadian Paciflo. 

STOCK After 7 p. c. on pref., common and preferred share pro rata. 
Canadian Pac. owns $7,006,000 common and $3,533,400 pref. stock 
and $2,420,000 Minn. & Pao. 5 p. o. bonds, the latter acquired in 1896. 

BONDS. Can. Pac. guarantees by endorsement 4 per cent Interest on 
all the bonds assenting to a reduction of Interest to 4 per cent. (See 
V. 60, p. 784; V. 51,p7239.) All the Minneapolis A Paciflo bonds and 
practically nil of the other issues assented. V. 54, p. 799. 

Abstract of Minneapolis Sault Ste Marie it Atlantic mortgage In V. 45, 
D 243 The eonsol. mortgage of 1888 (trustee, Central Trust Co., mort 
gage abstract CHRONICLE, V. 47, p. 142), was for $21,000,000 on 800 
miles (sufficient of this amount being reserved to retire the prior 
bonds) and for $20,000 per mile on all additional mileage. 

GENERAL FINANCES. On June 30, 1896, funded debt, $29,825,329; 
current liabilities, $2,784,091; cash and current assets $1,167,261. Of 
the 1,783,763 tons carried in 1895, lumber furnished 35 per cent, 
grain 23 per cent, flour 13>s per cent. 

LATEST EARNINGS. 11 ) 1896 Gross, $3,392,999 ; net, $1,397,268 

mos., Jan. 1 to Nov. 30. 5 1895 Gross, 2,864,541 ; net, 1,042,087 

EARNINGS. For year ending June 30, 1896, gross, $3,735,872; net, 
1,428,609; rentals, $121,88S; interest, $1,202,065; balance, surplus, 
$104,656. In 1894-5 gross, $2,557,275; net, $777,715 (V.63, p. 601.) 

nisalaqnol Valley KK. Road, St Albaus to Richford. Vt., 28 
miles. Leased July 1, 1888 to Central Vermont RR. at annual rental 
of 4 p. c. on stock of $500,000. Central Vermont went into reet-iver's 
hands in March. 1896, and Mlssisquol Valley net earnings are now paid 
over to that company pending Hnal disposition of the lease, which Is 
expected In April, 1897. No dividend was paid in July, 1896, or J anu- 
ary, 1897. 

M i li i>i'i River ic Bonne Terre Ry. Road from Riverside 
to Doe Run, Mo., 47 miles. A southern extension Is to be built, for 
which purpose It is proposed to Increase the capital stock (par $100) 
from $500,000 to $6OO,OOO. Current liabilities June 30, 1894. 
55,166. Earnings for year ending June 30, 1895, were, gross, $163,- 
969; net, $2,327: other Income, $2,678; charges, $34,097; balance, de- 
ficit. $29,092. In 1893-94, gross, $168,094; uet, $18,309. President. 
J. Wyman Jones; Treasurer, Hugh N. Camp; 55 Liberty St., Now York. 

IHlMonrl K H IIMIIK & Texas. ROAD. Operates a line with north- 
ern termini at St. Louis. Kansas City and Hannibal, Mo., extending 
southerly across the Indian Territory and the Texas cotton belt to 
tidewater at Galveston, on the Uulf of Mexico. It embraces : 



Road owned. Miles. 

Hannibal, Mo., via Denlson A 

Whltesboro, to Henrietta.. 689 

Juno. City, Kan., to farsons. 158 

Texas Jet, to Franklin Jet... 162 

Ft. Worth to Houston, Tex.. 327 

Paola.Kan.toHolden.Mo.. 54 

Branches (9) to Mlneola, etc. 451 



Total owned 1,841 

Kuail tetued. Mile*. 
Paola to Stevens, etc 150 



Operated not owned. Miles. 

Henrietta to Wichita 18 

Operated jointly. 

St. Louis to Texas Junction. . 24 

Kansas City to Paola. 43 

Whltesboro to Ft. Worth 71 

Galveston Hous. A Hend.... 50 



Total operated 2,197 

Operated separately. 
Sherman Shrev. A Southern 
J'ffers'ntoGreenv.,Tex.,&o. 155 



ORGANIZATION, Ac. Reorganized In 1890, without foreclosure, [plan 
In V. 49, p. 719.1 the old flrst mortgage being paid off at par. 

The "M. K. A T. Railway Company of Texas" was formed with capital 
of $8,000,000 to consolidate certain of the roads In Texas. The entire 
lock In deposited with Central Trust Co. as trustee for the benefit of 
the M. K. A T. security holders. (V. 54, p. 1047; V. 55, p. 298.) M K 
A Eastern was absorbed In June, 1896. V. 63, p. 30. 

LAND GRANT. Land grant In Indian Territory 3,110,400 acres, sub- 
|ect to extinguishment of Indian title. (V. 55, p. 937; V. 61, p. 1155.) 

STOCK. Besides stock as above the Boonville RR. Bridge Co. has 
$1,000,000 stock; and the M. K. A T. of Texas has $2,012,500 of stock 
Included by M. K. AT. In Its balance sheet In the outstanding capital 
In June, 1800, the common stock was Increased from $47,00 .,000 to 
$52,450,000 to absorb subsidiary lines. See V. 63, p. 93. 

BONDS. Full abstracts of the flnt mortgage of 1890 (trustee Central 
Trust Company) and of the second mortgage (trustee Mercantile 
Trust Company) were In V. 51, p. 495. These mortgages cover the 
main line from Hannibal, Mo., to a point 80 miles from Houston, Tex 
a distance of 941 miles (except 71 miles of trackage] and sundry 
branches, the total mileage mortgaged being 1,601 miles, including the 
Sherman Sureveport A So., formerly the East Line A Red River RR 
The bonds of the Bher. Bhr. A So., except $1,050,000 [turned over to M 
K. AT. for standard gauging the line [are deposited as part security 
for the aforesaid mortgages. These mortgages also cover the right to 
the land grant In the Indian Territory. 

Payment of Interest on the second mortgage of 1890 is obligatory since 
the coupon of Aug. 1, 1895, the payments to and Including that date 
having been dependent upon earnings. As Income bonds they received 
2 p. o. Interest yearly In February, from 1892 to 1896, Inclusive 



The Missouri Kansas <* Eastern bonds originally guaranteed were 
assumed In June, 1896, the road forming the St. Louts extension from 
franklin, Mp., to Texas Junction, Mo.. 162 miles. See V. 63, p. 30. 

GUARANTIES. Interest is guaranteed on $2,500,000 Kansas City A 
Pacific 4 per cent bonds and on the Booneville Bridge 7s, and prin- 
cipal and Interest on Dallas A Waco bonds (Issue limited to $1,340,000). 

The M. K. A T. in Texas in August, 1892, died a mortgage to secure 
$10.000,000 of bonds at $20,000 per mile for extensions In Texas. 
They are guaranteed principal and interest and are so endorsed; trus- 
tee Central Trust Co. See above, and guaranty V. 56, p. 604. 

The Sherman Shreveport it Southern mortgage Is for $6,100,000 at 
not exceeding $20,000 per mile; authorized, $3,100,000, of which 
$2,050,000 pledged under the M. K. A T. mortgage of 1890, and $1,050,- 
OOO issued to M. K. A T. for standard-gauging the road, formerly the 
East Line A Red River. See below. The line isoperated separately. 

The Southwestern Ooal <t Improvement Oo.'s bonds are guaranteed. 
Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Ter- 
ritory, and the company also owns 2,350 acres additional, the Deni- 
son A Washita Ry., 15 miles, mines in active operation, etc. 

Deferred payments due for cars, etc., on July 1, 1896, were payments 
extending till February, 1898, $180,125 ; payments extending till 
November, 1905, to be made from mlleave of cars, $218,842; equip- 
ment notes, deferred payments, extending to Aug. 23, 1900, $626,490. 

GENERAL FINANCES. In December, 1895, through trains began run- 
ning from Kansas City to Galveston, Tex., on the Gulf of Mexico. As 
to the development of the export traffic see V. 63, p. 697. 

The second mortgage 4 per cents became fixed Interest bonds Aug. 2, 
1895, aiding $400,000 to interest payments as compared with year 
1894-95, when only 2 per cent was paid on these bonds. In Nov., 1895, 
listed $668,000 additional first extension bonds. 

ANNUAL REPORT. Fiscal year ends June 30. Annual meeting first 
Thursday after first Monday in April (changed from third Wednesday 
in May in 1896). Report for 1895-96 was given in V. 63, p. 697, and 
earnings are shown below. The increased luterest charge for 1895-96 
is due to tue fact that the $20,000,000 second mortgage bonds on 
which 2 per cent yearly ($400,000) had previously been paid, became 
fixed interest bonds at 4 p. c. Aug. 1, 1895, calling for $733,333 for the 
eleven months to June 30, 1896. 

For calendar year 1896 gross, $11,746,239; for 1895, $11,060,140. 

Tear end. June 30. 1896. 1895. 1894. 1893. 

Aver.mlles operated.. 2,147 2,028 1,960 1,712 

Passenger earnings... $2,071,406 $1,970,905 $1,989,448 $1,896,987 



Freight 

Mall, express, etc 



8.388,544 
577,036 



8,986,779 
586.679 



7,359,213 
528,629 



7,876,357 
614,847 



Gross earnings $11,036,987 $11,544,363 $9,877,290 $10,388,19 1 

Oper. exp. and taxes. 7,704,100 8.421,184 7.205,941 7,810,734 



Net earn.,lncl.oth.lno. $3,332,887 

Interest on bonds 2,983,960 

Rentals., Ac 332,534 



$3,123,179 $2,671,349 $2,597,490 

2,612,9)3 2,609,360 2,359,443 

285,497 71,510 



Boonville St. L. A Southern... 44 

Verd. Valley Ind. A West 81 

Leroy A Caney Valley 52 

Kansas City A 8. W 48 

Trackage to St. Joseph, etc 29 



Balance sr.$16,393 sr.$224,739 def. $9,521 sr.$238,047 

(V. 62, p. 233, 778, 1087; V. 63, p. 30, 649, 697, 838 ; V. 64, p. 132.) 

T| INNOII rl Pacific Ky. ROAD Operates an Important system of 
roads extending westerly and southwesterly from St. Louis, Mo. .In- 
cluding main lines frem St. Louis to Omaha, Nel>., 495 miles, and from 
Kansas City to Denver, Col., 758 miles, with many branches In Kan- 
sas, etc. Through the St. Louis Iron Mt. A Southern, which it controls, 
connection Is had with Texas and the lines of the Texas A Pacific, 
International A Gre<t Northern and the St. Louis Southwestern, the 
whole forming what Is known as the " Gould System," In which the 
heirs of Jay Gould are largely Interested (see list of Mr. Gould's hold- 
ings, V. 60, p. 83.) The Mo. Pac. property includes : 
Lines owned and controlled. Miles. I Leased lines and trackage. Miles. 

St. Louis to Omaha 495 I ~ 

Pleasant Hill to Joplin, Mo.. 133 

12 branches owned 450 

Proprietary lines [entire st'ck 

own'dlform'gliue to Pueblo, 

Col., etc 1,833 

Total Mo. Pacific and branch lines 3,165 

Also operates Central Branch Union Pacific, 388 miles ; St. Louis Iron 
Mountain A Southern and leased lines, 1,773 miles. Grand total Mis- 
souri Pacific mileage January 1, 1896, 5,326 miles. Operated Inde- 
pendently, Arkansas A Louisiana Ry., 26 miles. 

ORGANIZATION, LEASES, Ac. The Pacific RR. of Missouri was sold la 
foreclosure September 6, 1876. The present company was a consolida- 
tion In August, 1880, embracing the Missouri Pacific and minor roads. 
The bonds of the proprietary lines are practically all pledged to secure 
Mo. Pacific loans. The Iron Mountain stock Is mostly owned by the 
Missouri Pacific. Complete control of the International A Great 
Northern was secured in 1892. See V. 54, p. 366. 

DIVIDENDS In 1881, 6; in 1882, 6>4; In 1883 to 1887, inclusive, 7 
yearly; In 1888, 5>4 ; in 1889, 4; In 1890, 4 ; in 1891, 3 p. c; none since. 

BONDS The consolidated mortgage Is for $30.000,000 trustees John 
F. Dillon and Edward D. Adams the balance unissued Is In trust to 
redeem prior bonds due If deemed best. Abstract in V. 47, p. 287 

The collateral trust bonds due 1917 (Union Trust Company of New 
York, trustee) are secured by mortgage bonds of new roads at $12,000 



JASI-AHY, ISfcT ] 



JRAJLLKOAD STOCKS AND BOND8. 



89 



<M, t>- n I..T. will confer a great favor by giving Immediate notice of any error discovered In these Tables. 



RAILROADS. 



For explanation of column beading*. Jus., see notes 
on lint page of table*. 



HUM 

of 
Road. 



"of* a 
Bonds -Same. Outstanding 



Rate per When Where Payable, and by 
Cent. {Payable Whom. 



INTEREST OR DIVIDENDS. 



Bond* Prlnot 

pal, When Due 

aioekt Last 

Dividend. 



I Conel. ; Gold coll. trust . . .o**r 



1st collateral mort. bonds for 810,000,000 gold.c 
Gold funding notes redeemable at par. 
Ler. ACaney VaLlst M.(910,OOOp.m.).i 



1,120 
671 



gu.c* 



Bt.L.IronMt.A8b.lstM.,extendedat5p.c.in'92.e 
3d mort.. gold. 81.OOO or *;oo,at hold, opt'n.c* 
Ark. Br.. 1st M.. L gr, ext/95, nb. to call 105.0 
Cairo Arkansas.* Texas l*t mortgage.gold.c- *r 
Gen. eonsoL A land gr.M. (94S.OOO.OOO). gold.c* 
Do do gold, stamped, guar. p. Al-.o* 

Gold funding note*, redeemable at par c 

Car trusts Doe., 1896. due 10 per cent yearly. 

1st pr*t Income bonds cumulative r 

Baring Cross Bridge Co.. 1st mort., gold. 

Kansas A Ark. VaLlst M. 920.00O per m.. gold . 

Little Rock A Ft. Smith latlt.4andgr.Bink.fund.. 

Little Rock June. 1st M., guar. p. A Lby Iron M t..i- 
Mobile * Birmtngk. KV. -Stock (91.OOO.OtO Is pf.) 

Prior uen, gold, 91.0OO,rOO. (Bee text) e 

M.,rt..licoms till July 1.1899,1.200.000.gold.e 
Mviile .or**** 4 f. C.-lst M.. gold. f4.000.OOO. . 
'[ (910300300 authorized) gold 



1st M. Jlob. to CoL (prlo.gold.lnt. lawful monr r ) .c- 
lat Bort.. exten..CDl>m. ts> CSato* A brancih.iculit c 



... 

. for *l..voo.ooO, (now guld) . f. 
Montgomery Extension mort.. *4,OOO.OOO, gold. 
Equipment bonds June, IttlW ..................... 

roA..Vaiw-l.t M.315.000p.m..g..RU.p.Al.(en.)e- 
Income bond* BOB-COB.. .1 per cent (sec te < 
imongat-la KI*T it.-lst M..r..gu.B.AO.,end e' 
Consol. M.. 91.500.000 g...f tnim8.rffJ.at pur 



52 
81 

210 

310 

99 

71 

1.428 

1,428 



1--7 

IBM 
1895 
1886 

1886 

1867 
1873 
1-70 
1879 
81to-7 

1895 



, 
1,000 

i'.ooo 

1.000 
1.000 

9 3 i 

1,000 
1,000 

1,000 
1,000 



165 
165 

3 

149 

;i . 



472 

55 

H7 



181 
"32 



1-7:. 

1873 
1887 

1875 
1891 

1895 
1895 
1896 

1879 



1,000 
500 Ac 

l.OOO 
100 

200 Ac. 
BOO A.' 



188 

1--7 
84--90 
L8M 
I8M 

1889 



109 

500 Ac. 

1.000 

500 Av 

i'.ooo 

1,000 

I'.obo 

l.OOO 



$14,376.000 
7.OOO.OOO 
5,978,000 

.VJII.IHHJ 

B08306 

4,000,000 
6,000,000 
2.5OO.OOO 
1.450.000 
21.773.OOO 
7,000,000 
4,281.000 
1.242.000 

132.282 

900300 
3.412,000 
2,342,500 

435,000 
1,800,000 

600,000 
1,200.000 

40O.OOO 
5.320.600 
7.000.00O 
l.OOO.OOO 
9.075.000 
See text. 

J--..4.;. 
3300300 



5 g. M. A S. |N. Y., Mercantile Tr. Co. 



5 g. F. A A. 

5 g. M. A S. 

5 g. .1. A J. 

5 g. M. A S. 



7CMI.I..KI 
1.500.0(10 



S*- 
IK- 

5 g. 
5g. 

i* 

7 



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



do 
do 
do 

.lo 



do 
do 
do 
do 



A. N.Y. Mercantile Tr. Co 
N. New York or London. 
D.N.Y., Mercantile Tr. Co 



* 

g- 



6 
6 g. 



J. A 
J. A 
A. A 



J. 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



Jan. 1, 1917 
Aug. 1, 1920 
Mar. 1, 1905- 
July 1, 1926 
Mob.. 1, 1926 

May 1, 1897 
May 1, 1897 
June 1, 1935 
June 1, 1897 
Apr. 1, 1931 
Apr. 1, 1931 
Mar. 1, 1905 

1897-1902 
May 1 1897 
Apr. 19, 1898 
Jan. 1, 1937 
Jan. 1, 1905 
Apr. 1, 1916 



. A J. N. Y. Central Trust. 
J. A J. N. Y. when earned. 
A. A O. N. Y., Central Trust Co. 



July 1, 1945 

July 1, 1945 

1946 



J. A D. N. Y.,Fann.L.ATr.Co. 

Q. Jan. do do 

M. A 8. N. Y., Oallatln Nat. Bk. 



5 
5 g. 



Various. N. Y., Farm. L. A Tr. Co. 
M. A 8. N. Y., Knlckerb. Tr. Co. 
Sept. 1. N. Y. Of., when earned. 
F. A A. N. Y. Central Trust Co. 
J. A D. Balt..Annap. Bkg.ATr. 



Dee. 1, 1927 
July 1, 1927 
Sept.1. 1938 

1947 

Var., '97-19O4 
Sept 1, 1991 
Sept. 1, 1992 
Feb. 1. 1919 
Dec. 1, 1945- 



or 915.00O per mile; tbeae embracing the line from Fort Scott. Kan.. 
lo I'urblo.Col . etc. For uroiirltle* fledged. He., see V. 46. p.h78. 

As to Mllultrml iru* tan4t du* in 192O. see V. fto. p. S6. 74. On 
DM. II, 185. 93386300 were held pledged for Missouri Pacific fund- 
Ing notes of 195 and t7.OOO.OOO were outstanding. 

CUnr.su. FIXAMCE*. In 1895 the Isaac of 98.356.000 collateral trust 
notes ("raid funding notes-land 44.744.OOO 81. Loots A Iron Mountain 
notes were authorised to fond floating debt of these companies and 
provide for future need*. Of the St. L- A I. Mt. note* 1.495.OOO are 
guaranteed by the Missouri PadBc. Mercantile Trust Co . trustee. A 
Ikt of the securities deposited to secure these notes was given In V. 
92, p. 548: V. 60. p. loSu. On DM. SI. 1890.95.978.000 were out- 
standing on Mlssaarl Paelfle and f4.281.OOO on St. L. A I. Mt., 
while Mo. Pae. loans payable (secured by eoUateral) were 91.125.850. 

KAJRTOwa. Jan. 1 to Dec. 31 (13 nto.tkal.jmMa of Mo. PaclBe and 
Bt. L. I. M. A Bo. combined. 932.012.000 In 1866. 982,672304 In 1895. 
for statement to June M. 1899. see V. 63, p. 56O. 877. 

AX* c AL Kr. . T. Fiscal year end* Dee. 81. Annual meeting Is held 
at Bt. Loots In Mareh. Bopott tor 1995 was In V. 62. p. 497. Earnings 
of Missouri PBoUU tyUfm have heon M follow*: "Other Income" In 
1880 Includes: Dividends American Refrigerator Transit Co.. 33.000; 

" f"" C *al r aS8? """'LS'JU** "M"*"! consols., 
int. on gold funding note*. 982.OOO; alMfftj ear earning*. 
Othor income - In I83 metadod dindanoTon Iron Mountain 



Paelnc Ex proas Co.. 872.OOO; 
07.000; fnt. on 

took. *14^22; dlTldend on PaHBc Kipres. aio.oOO, etc. 



1896. 

40*7 

932373304 



Miles operate*! 

Total earnings 

Ratio ex p. A tax'* to 

Other Income. Ac. 81 .08 1381 



1894. 

4392 

931.800.646 



1893 
1.997 

924.018389 

4. '.J7.I I- 

09-486) 
91^43.711 



Total net income ... 
Interest paid on bond*. 

Bvndry accounts 



9o.440.3Ml 95.139378 95036,922 

511.610 -.-. 529351 

:.;;!-- 805382 




M108.804 



def 3590346 d*L91333355 

..on - ad van ass by directors." 

oori Paetne proper and branches, not Including Iroc 
MM* auxiliaries, the report was a* follow* 



1895. 
31 ..... 3.163 

92.235.245 
7,571.640 
1.647.001 



1894. 1893. 

<--< 3,214 

93,095.634 92393.776 

7391310 8.19O3O9 

1.622.707 1.720388 



.911493386 911.069.652 91230*379 
92099393 91959081 92,275,456 
Ac.,lesJiin. 967338 677329 1387.104 



Tot.: n. 



Tir.. r. 



. 93.0A6.721 92.637.010 93.662.560 
93,955.158 93.778.092 92.780348 
T?9S3,423 1648035 702,841 



rentals, Ae. 

for year. d*t983O360 df .91 .789.1 17 sur.988371 

tneln4ss: Taxee, 9633.690: rentals. 913O.515: Interest 
9156.699. ete.-(T. 62. p. 497; V. 63. p. 86O. 877, 1116., 
Parlft* ys-n 9*. Louis Iron Mountain A 
Own* Bt. Louis to Texarkana. Texas 



Line. 490 mile*; 

it. Mo.. Bird's Point, Mo. (Cairo), Camden, Ark., 
. Ark Cuahman. Ark . Arkansas City. Ark.. Warren. Ark.. Mew 
mm.. Ac.. 747 miles: Houston Central Arkansas A Northern Rail- 
way. nKl-aii, Ark., la Alexandria. La.. 19O mile*.- total owned Janu- 
ary i. 1896. 1.427 miles. Losses Little Rock A Fort Smith and Little 
Rock Junction railroads. 176 miles; Kansas A Arkansas Valley RR., 
1 TO miles. Total operated December 31. 1895, 1.773 miles. 

9ToOH.-8UMk 935.788335, of which 935,716.105 Jan. 1, 1895. was 
owned by Missouri Faotna mostly acquired in 1881. 

Botnuv- The gmiil BonsoHdated mortgage la for 945,000.000, bond* 
Ming reeerved to retire all prior Issues, these covering only 48^ miles. 
The mort. Is a/In* Uen on the 947 miles In Arkansas and Louisiana and 
OB all ancold lands, amoonang to 660.8 13 acre* on Jan. 1.1 89<). Trus- 

of mortgage, MereantUeTrnst Co. of New York. As Indicated In 
table above, part of the general mortgage 5* (Son. 11.001 to 18.000 
domed with the Missouri Parlnc'n guaranty of prinel- 
form of guaranty was in V. 56, p. 65O. Due Mo. Pac., 

95, 9384324. 
.jfttt tot 94.744,000 were authorized on tbe Bt. l-oul. A 

i IB Jane, 1895, to provide for tbe floating rtelit and " ad- 

vaneee." 91.495.OOO are guaranteed by Missouri Peclnc. N. Y. Stock 
tnVlBt-i Jan . 1897, reported 925.29O.OOO general enntott listed. 

if land In Arkansas for 1895 were 38.9O7 acres at 
al sales. Including town lots, being $11 fl.rwi: In 




1.712 aerw far 98*80 for aera, tbe total sales, lin-lmllnr 
UtUe Rock A Fort 8. grant sales 12.953 



f-MWaSra! 1 



115 asnsiln 



from . 

Laadsln Arkansas unsold Dec. 31. 1895.634,- 
26,699 aeros; of L. R. A F. 8., 527.123 acres. 



ASSUAL REPORT. Report for 1895 In V. 62, p. 498. showed: 



tear rtuUng Dec. 31- 
Mile* operated Dec. 31... 

Gross earnings 

Net earnings.. 

Other receipts 



1895. 

1.773 

.911.218,117 
. 93*551.470 

114.553 



Total net Income 93.666.O3S 

Interest on bonds 92.485.228 

Taxes, bridge exp.. renfls, Ac. 950,187 
Dividends...... 



1894. 1893 

1.773 1,773 

810,730.994 811,713,465. 

93,358.089 93,485,714 

63,510 156,606 

93,421.599 $3.642,320 

92,850,286 92,246,074 

11,215,552 860.691 

(5)515.623 



Balance for year *ur.*230.ill3 def.9144,239 *ur.$19.932 

t Includes taxes. 6278.43S; rentals, $381,095; oar trust, eto.,8200,056 
(V. 60, p. 479, 713. 795. 1O59; V. 61. p. 152; V. 62, p. 498, 543.) 

Mobile * HlrmlitKham RH. Mobile to Marion Junction, Ala., 
149 miles; trackage to Selrns. 14 miles; opened In July, 1888. 

HISTORY. ETC. -Successor of tbe Mobile A Birmingham Railway. 
Reorganized after foreclosure April 27. 189A, per plsn In V. 60, p. 657. 

BUXDS. The new prior lien liomln may be Increased at 918.000 per 
mile If the 67 mile extension to the Cahaba coal fleldn Is built ; Cen- 
tral Trust Company 1 mortgage trustee. The " mortgage Incomes " 
are Incomes to and Including the July 1 , 1 89i), coupon ; tnutve. Mer- 
cantile Trust. New York. 

KARKnos. 11 months. > 1896 Gross. 9301, ?!M1; net, $5<>,794 

Jan. 1 to Nov 30. (1895. Gross, 261.53O; net. 13,886 

AKXCAL RBPORT. The report for the year ending J uuc 30, 1890, was 



In V. 63, p. 1112. showlnt gross. 9395,-j. .:<!<>. in 

grosa, 9805,140-, net, 939,078. President, T. O. Bush. (V. 63. p. 715~ 

II in., 

flohlle * Ulrard. Absorbed by CKNTRAL or GEORGIA RT. 

tlol.llf J ark .on A Kansas Hi HH. Projected from Mobile 
to Jackson. 186 miles. A liout 2O mile* of roadbe.1 were built In 1868. 
In 1896 the Gulf City Construction Co. was organized to complete the 
road. Se V. 62. p. 457. 

Capital stock I* 94,OOO,OOO. Trustee of flrnt mortgage Is Central 
Trust Company, New York. President Is F. B. Merrill. Among tbe 
directors are w. D. Stratum, of Drake A Btratton Co.; Lathrop K. 
Bacon, of Bacon. McKlnley A Sherman.of New York; W. II. Smlthe. of 
the Mercantile Bank of London. (V. 62, p. 457, 990; V. 63, p. 459.) 

Tfobllr & Ohio H.U. <8ee Map.) Owns from Mobile, Ala., to Co- 
luninim, Ky., 472 mil, proprietary line. Kentucky A Tennessee RR- 
to E. Cairo, 21 miles; branches to Columbus, Miss., Ac.. 34 miles ; total 
owned. 527 miles ; leases St. Louis A Cairo (which see). Cairo to St. L.. 
152 mile*, with branch to MlUstadt, 9 miles; total operated, 688 mile*. 

HUTORT. ETC. Opened in 1861 ; securities readjusted In 1879. 
Lands June 30, 1896. were 454327 acres, valued at 9229,299. 

UKXF.RAL FIXAKI is. In January, 1897, the company was arranging 
to build an extension from Columbus, Miss., to Montgomery, Ala., 168 
miles, with branches 27 miles, and to meet the cost bad authorized a 
mortgage for 94,000.000, covering the extension and equipment. See 
further particulars in V. 63, p. 1159; V. 64. p. 42. 

8TOCK.-8tock authorized. 910,000,000; outstanding, 95,320,600; 
par, 91OO. The voting power on 94,953,300 of the stock Is exercised by 
the general mortgage bondholders by virtue of the deposit In trust 
under the general mortgage of the old debentures of 1879, upon which 
this voting power was conferred. The Supreme Court of Alabama In 
April. 1893, decided the voting trust In force and valid. 

Bono*. Under the general mortgage of 1888 (trustee, Farmers' Loan 
A Trust Co.) there can be no fonwloiiire till four coupons are In default. 
In May, 189.V the entire Issue was made payable In goM. V. 60, p. 67. 
Of the 91O.5OO.OOO authorized, tbe amount canceled by ulnklnit fund 
to April 30. 1896, If 9823.OOO. In reserve In treasury 9601,500 In 
JIIIIP. 1890L 9l,25O,OOO were Issued to discharge floating debt and for 
additions. See V. 61, p. 239, 6(11. Mortgage abstract. V. 47, p. 83. 

r,,iTK.-r i:\i:Mv...-For 6 mouth* ending Dec, 31 (December, 1896, 
partially estlmated)-see alto V. 4, p. 181. 

'hi. Oroti. Nrt. Eq.it ear Ir. Intereil. Bal.,mrp. 

1896 (est) 91.001.675 8756.987 9113,822 9521.383 9121,7x2 

1895 (actual).. 1,893,838 787,419 69,822 529,394 188.203 

AmftjAL RBPORT. Fiscal year ends June 3O. Report for year 1895-9S 
was given at length In V. (!3. p. 697, 713. See also editorial, p. 683. 

Year entTg June 3O 1896. 1895. i-'-i 1893. 

Total gros* earnings. *3, (519,071 93,269,989 $3,253,692 93,358,471 

Net earnings 1,293,869 1,115,503 1,200.037 1,099,281 

P. ot. op. ex. to MTU*. (6425) (65-89) (62-60) (67-27) 

Interrst and rentals. 1,059,632 1,034.354 1.037,323 1,044,381 

Balance, surplus* . . 9234.237 981.149 9171.714 954,900 

Equipment and new construction (additional to operating expen- 

s 1 72,331 III I *!:< -!M: $186,557111 1894-95; $143,645 in l.-i!ir. i: 

(V. 63. p. 201). aas. 683, 697. 718, 1115, 1159; V. 64, p. 42, ijj, 181.) 
ffntiHWk A **Ialon. <Ket Map If. T. Central./ Own* from Her 

klini-i. N'. Y.. on tlio N. V. Central's main line northerly to Malone, on 

the Central Vermont, with branches. 181 miles In all. 



INVESTORS' SUPPLEMENT. 



[Vou LXIV. 




*St iV^Jf """"" U1 "il\\ .XT >\~ -""/""' >C "A \\' j -W / .ytrv*~y ^' \l/ I \ / x/ \^jscymour.&~\ 

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MAP OP THE 

. MOBILE & OHIO 
RAILROAD 

AND ITS CONNECTIONS. 

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Glasgow 



TOunffia 

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^-5SM W^- -OLeTxinon 
<ASHVILLE 



Colun,T>l 



Henderson 



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3IalvernV 



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ilton 



tff 



[(Holly SpriiiRa 

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attairpoga 

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1897.] 



RAILROAD STOCKS AND BONDS. 



91 



Subscribers will router a great favor by cjlYlng Immediate notice of any error discovered In these Table*. 



RAILROADS. 


Miles 
of 
Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bond* Princl- 
pal.WhenDne. 
Stock* Last 
Dividend. 


fat explanation of column headings, Ac., see note* 
on ant page of table*. 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


MtiUgam-yBtllL.-ltl M.,*iOO.OOO,lawful raoner.r 
jreMtaomo-y * Ent #. 1st m. (old 7* ext. in '86) 
2d mortgage (old 7s extended In 1 887) . . 





l-'.'O 

18G6 
1867 
1859 
1978 

ISM 

1893 


$1.000 


$2OO,OOO 
130,000 
40,500 
249.002 
5,OOO,OOO 
1,494,OOO 
l.OOO.OOO 
15,000,000 
5,000,000 
281,000 
4.991.OOO 
11,677,000 
2,795,000 
221.0OO 
1,000,000 
75.0OO 
-11.4110 
750,000 
8OO.OOO 
100.000 

1II.IHNI.INN> 
6.3OO.OOO 
l.OOO.OOO 
75O.OOO 

300,000 
461 ,OOO 
376.OOO 
480,000 
114.OOO 
5.1 14. 000 
See text. 
2,337.582 
2.100.0OO 


6 
5 
5 
5 

S* 

7 per an. 

7 
7 
7 
*%*B 

1 IKT an. 

1* 

6 

5*. 

9 per an. 

Text. 
7 
6 
6 
6 
6g. A 8 

1 S - 
6 
I* 

3 g. 
6 per an. 


J. A J. 
M. A M. 
A. A O. 
A. A O. 
A. A 0. 
J. A J. 
J. A J. 
J. A J. 
M. A V 
J. A J. 
A. A O. 
J. A D. 

M."A"N. 

J. A J. 
A. A O. 

J."A j. 

M. A N 
J. A J. 
6. F 


N.Y.,Metropol-nTr.Co. 
Goshen, N. Y. 
do do 
N.Y.,8.Pac.Co.,23Broad 
in do 
do do 
do do 
N.Y., Del. Lack. & West 
do do 
do do 
do do 
do do 
do do 
do do 
None paid. 
Phlla., Broad St. Stat'n. 


Jan. 1, 1910 
May 1, 1926 
Oct. 1, 1927 
Apr. 1. 1899 
Apr. 1, 1918 
July 1, 1920 
July 1. 1913 
Jan. '97, 3V6 
May 1, 1914 
Jan. 1, 1900 
Oct. 1, 1901 
Jane 1, 1915 
Various. 
Nov., 1896 
Jan. 1, 1921 
Apr. 1, 1899 




Jferoon-i i. 4 Tcnu-K. O. OpeL A Gt-West. 1st If. 
let mortgage (New Orleans to Morgan City)... c' 


80 
102 
187 
2O4 


678 
1,000 
1.000 
l.OOO 
5O 
500 Ac. 
1,000 
1,000 
l.OOO 




Jhmr * S*e* -etock 7 p. c mar D. L. A w 


Ut mortgage, sinking fund.. 


84 


1864 
Var-un 

1-71 

1878 

Var-us 

1891 


OonTertible bond*. 
Gen. M. A lit on Boonton Br. Ac. (guar. D.L.AW.) 
ConsoL M. (for $35,000.000) guar. I). L. A W.e'ar 


187 




Morris A Jtmnr Extension stock, cuar. 4 per cent. 
JTerrieieim* Oma. ea-lstM.,$25.0OOp.m.,gld.c- 
Jft BoHy . * Jf*/-d-lt M. gu. p. A 1. Pa-RR. 
ML WuJnotoH KM ". 


2 
40 


100 

1,000 






100 
1,000 
100 


MufJUfon Ar. Sepidi 4 /</.aM-l*t mart., gold . 


37 
IS 


1886 
1880 


July, -91. paid Aug., '96 
Kaehua. Indian Hd. Bk. 
do do 
N. Y. and Nashville. 
N.Y.. Continental N. Bk. 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
Nashville. 
If. Y.. 120 Broadway. 


July 1, 1926 
Nov. 2, 1896 
July 1. 19OO 
Feb.1,'97,2% 
July 1, 1918 
Jan. 1, 1901 
Jan. 1, 1917 
Oct. 1, 1917 
Jan.,1906&'23 
Jan. 1. 1923 
Jan.l898to'17 
July 1, 1917 
Apr. 1. 1928 
Jan. 1. '98-'2O 
Dec., '90, 3% 
July 1, 1900 








100 

1,000 
l.OOO 
l.OOO 
1,000 
1.000 
1,000 
l.OOO 
1.000 
1.000 

1,000 

25 
l.OOO 


1st BWrtgage (f or $0,8OO,OOO) e'ar 


340 
321 
125 
29 
43 
46 
20 

740 

119 

119 


1873 
1--1 
1877 
1877 
77 88 
l--:i 
1M7 

1--7 
1888 
UM 

1870 


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


M inrtsMn geldorattTer . ... c"r 


1M. OBFayette. and MoM.br*. ($6.000 p.m.ic'Ar 
1st mortgage on Lebanon Branca .... c' 


1st M. a* Jeeaer Br. AWO.OOO are 8*. tut, 1906)c- 
1st mortgage OB Centre ville Branch, gold.... e-ar 
1st M.OB Tracy City Br.lTeBB. C. AT. RR.).eMr 
1st M. OB Boa Atr Br.. red. at par aft. July -97. .. . c' 
OmuoL M. (90.000.0001. $90,OOO p. m.. goM. ..e- 
W. A All. inee. ($6SO,OOO). 926.000 due y'rly.g.e. 
*uAri 4 DsMter Stock, gnar. 6 p. c, bir L, A V. 
tut n.ort.. mar.. *. f. rtSOO.OOO held In (Ink. fd.) . 



BurroBT, LEASE. ETC. -Completed la November. 1892. Furnishes 
heart of Adirondack* and term* link In a new through 
In 1893. N.Y. Central leased 
_ kaa head* The surplus In any 
mortgage Interest for that year to pay 
rest ea the taesmei. A dividend of 2 




Mr cent oa the racemes was paid flea*. 1.1896. N. Y. Central owns 
the $4.500.000 Meek, and ha* the optkm of retiring the Incomes at any 
Urne, aad Issuing In llea thereof 2d mortgage guaranteed gold 4 per 
cent*, due Sea*. 1. 1991. 8e* omdal statement V. 56. p. 5O1. A* to 
bond*.*eeV. S6.P. 782. (V. 57. a. 29; V. 61. p. 926; V. 63, p. 116.311.) 



amngahrla Klvrr K K. -Road from Fairmont to Clarksburg 
W. Va. :il mil,-. Road opened In 1890. Capital *toek is $1 .300.000: 
par. $100; ouUtaadlac. $1.274.400. The tlrsts (Central Trust Co., 
EY.. tru.trr.i are guaranteed principal sad Interest by the B. * O 
Ceasols (mortgage trustee. American Ranking A Trust Co.. of Baltl 
more) were authorised to pat for the eoaetraetioB of branch road* not 
more than 5o mllr* IB length: alee. If desired, a branch to develop the 
coal territory of the upper Monoagabela River region. W. Va.. where 
the company ha* acquired the property or the Monongahela ' oal A 
Cake Co.. comprising 14,000 acres of coal lands. See description of 
ant mortgage, etc.. p. 6 of 8omXT. April. 1896. There are ear 
trast As. Intrrr.t payable at Mercantile Trust Co. . Baltimore, Md. 

EAUm>oe.-8talmeat far rear ending Dec. 31. 199. was In V. 62 
p. 807, shewing; Grose. $2O.Ov.V net. $1119.455 : Interest and taxes. 
$38,270; balance, surplus. $71.185. In year 1894 (roes. $229.986 : 
net, $143 901.- V B'J. p 414.867. 

nontrrrr * MexIraM ttalf.-Owa* road completed IB August, 
1891. from Venadtto IOB the Mexteaa International Rallmad) via 
Monterey to Tamptee, OB the Gulf, about 890 miles. See V. <!.', p. 85. 

BISTORT. Purchased la November. 189ft. at foreclosure sale, under 
the 1st mortgage of 1888 by the aorieta Anouyme Beige deCbemln de- 
Frr an Mexlque. which ha* ospnalliatloa as follows: Capital stock. 
10^7?,. share*, eaeh snare uprcscnllag $I.OOO IB hon.I* or 
matured roupowof the Moeterey AMexljoOulf RR. Co. 1O w 



tneimi shares: 8nt mortgsce 4 per eant bends. 4.OOO.OOO francs, 
being 8.000 head* at SCO fraae* eaeh. Augustus Prases. President. 
Brussels, Bslg.. Cooden Bros.. 10O Broadway. N. Y.. attorney*. 

KAUtrMMjanarr 1 te Nov. SO (II months), gross. $1,033.024 
IB 189H. against 1. 124.858 in 189.V 



la 



la 



.- >\ troae. $1,211.444. 

1994.gro*^$1.0W>78;Det. $328.290. (T..a.$6.) 

nn< K :.nfrj Rrli l.lnr Kf. "*"- '>' !' M4 > haM 
llae In MontgoaVrT. Ala., about one mile of track on Tallapooea, 
Hrll. Perry aad Oolunbu. streets. Alabaoia Midland Ry. psys aa 
annual rental of $15 .423. The Plant Investment Co. owns 90 per cent 
of the stock. Capital stack Is $30O.UOO ; par. $1OO. 

i fa la. Absorbed by CKXTBAL or GKOBOIA. 



oangonaery A Krtr My. (As* JT arit JteUreaa 1 .) Owns road 
from Montgomery to Uoebea. V. Y.. 10 miles. Road opened 1867. 
Laaeed In 1879 te N. Y. L. K. A W. (now KKIS RR-whlch we.) Rental 
Is $1.000 per annum. Stoek. $15O.OOO. Dividend* (4 H per cent per 
n) are paid May 10 aad Nov. Hi. ainklng fund $6,500 per annum. 
taaery Taaralooca dt vfrmphla. 1OT. miles graded. 
_ ai foreclosure sale Feb. 3. 1IMW. In Interest of Mobile A 
OWo. which will use It hi bulMIng the extcawloa te Montgomery. (V. 
tij.P . " 

Mores n'. Louisiana A Trias KK. A teaMshlpCompanr. 

Wtas Jia* o/ JkmOern Pmtt/te.} ROAD Owns Algiers to Cheney vtlle, 
904 miles: iraaehcc. 56 Dec; trackage to Alexandria. 24 miles; total 
railroad lines, 288 mile* ; steamship line* aad ferries. 3.176 mile*. 

-The Southern PaoUe Company, on Jan. 1, 1 H96, held 




wid tugs plying between 

Gulf port* ; also wharves, warehouses, ana on Jan. 
726.5OO bonds and $772,298 (took of other companies, 
rtgagebondsof 1893 for $1.000.000 were sold In H95. 

. 11 month*. >1RW gross. $4.696353; net, $1 .298,827 

Jan. 1 to NOT. 30. (1895 gross, 5,327,772: net, 1.3lu;63O 

In year 1896 gross $$,014,482; Bet, $1,638,087; surplus over 
charge*, $449,667; net promt* dae company under lease to Southern 
Pacific, $479,241 ; Income from Investment., etc., $139,:i.'-' 

Horn. Ar Kmur t.-tttt Mufof Dtlmtnn Latfceiimiiiao 4 Walern. i- 
Ownsfrom Hobofcra. N. J.. to PUlNpebarg. N. J., 85 miles; branch, 
DCBTffle. N. J. Tl. Morris A Essex Trinael.lo Hoboken. N. J.. 35 mile. 



Mtatty 1C Dcmware Lackawanna A West-.whlch 

id pay* 7 p. e. per annum on the capital tock- 

They ale* agree te pay $ per eent h> ease 30 per cent of the gross earn- 
lags la aay eae year shall be sertBelaat ta pay all charge* and 10 per 
eent on tte stack; but In no ca*e more than 8 per cent. Bee form of 
guaranty. V. 56, p. 813. 
BAanao*. The road I* Important to the Delaware Laekawanna A 



Western a* a route wtth terminal faculties on New York Harbor, but 
1 earatags en the road nhow a large annual deficit for the 



lh a. ... 



lessee company after the payment of rental. The loss to lessee was 
In 1891 over 99OO.O30; In 1892 about $1,500.000; In 1893, $1,525.959 ; 
In 1894. $1,960,852. In 1894 grow earnlnm of road proper (119 
mile*) were $5,370,785: net, $752,328. In 1893 gross, $5,791,267 ; 
net. $1.104.471. In 1892 gross. $5.772.665; net, $1.149,429. 

M n-U. "M Grand Rapids Ac Indiana KK. Ownn road 
lirsuil Rapids to Muskegon. Mich.. 37 miles : trackage, Q. R. A Ind. at 
Orsnd Rapids. 3 miles. Roatl opened 1x86, and leased to Grand 
Rapid* A Indiana KK.. which was foreclosed In 1896. Stock, $ar>O,OUO; 
nar. *1O<(; nntanded debt. $XO,33O. Coupon of July, 18!tt, was paid 
In August. 1896. Karulugs In 185. gross, 116,40O; net, $21.572; In 
18!<4. gross. $103,7-.'l); lift, $11.317. President, W. O. Hughan, Grand 
Rapids, Mich. 

Nashua * Lowell. Owns double track road from Lowell, Mass . 
to Nashua. N. H., 15 mile*. On October 1, 1880, a lease for 99 years 
to the Boston A Lowell was made. In 1887 lease was transferred to 
Boston A Malnr, which pays a rental of $73,000 (9 per cent on stock). 

Nashville Chattanooga * M. L.oal.(8ee Yap.; Owns from 
Chattanooga, Tenn., to Hlcktnan, Ky.. 320 miles; branches to Lebanon. 
Ac.. 431 miles ; lease* Western A Atlantic. Chattanooga. Tenn.. to 
Atlanta, Ga., 137 miles; owns all capital stock of KomeRR.. Rome, Oa., 
to Kingston. Ga.. 18 miles; total operated. 9O6 mile*. Proposed to 
lease the Paducah Tennessee A Ala., 119 miles, and Tennesseo Mid- 
land. 136 miles, owned by Louisville A Nashville, but action post- 
poned 90 day* from Sept. 9.- See V. 63, p. 4S8. 

OBOAMIZATIO*. A majority of the stock ($5,500,500) Is owned by the 
IxmisviUe A Nashville, and pledged under Its unified mortgage, etc., so 
that the two systems are operated In close harmony. The Western A 
Atlantic is leasMt from the State of Georgia for 29 yean from Deo. 27. 
189O. at $420,012 per annum. 

DlvIOKne)1888 1889 189O 1891 1892 1*93 1894 189S 1896 
since 1887. J 4I S S 5 5 3*4 3 4 :i- 



In 1897. Feb.. 2 p. c ,1 p. c. of which for Nov.. 1896, dividend 
deferred). (V. 64. \>. I 

BONUS. The Tracy City branch 6s fall due $20,OOO yearly on Jan. 1 . 
to 1916 Inclusive, and $1OO.OOO on Jan. 1. 1917. 

The consolidated mortgage of 1888 (United States Trust Co.. trustee), 
provides that all prior bonds shall be paid off at maturity; sufficient of 
the $20.OOO per mile are reserved for then. 

Western A Atlantic Income mortgage 5* for $650.000. (Central Trust 
Co., N. Y.. trustee), were Issued In 1895 to reimburse the N. C. A St. L. 
for renewals and Improvements made on that road. The Incomes are 
necnred by mortgage on sll W. A A. property in possession of N. C. A 
St. L.. and also cover the $5OO,OOO State of Georgia bonds deposited as 
seearltr for the lease. Eaeh Jan. 1 26 bonds fall due: In Jan.. 1897. 
$588.000 were held In treasury and balance canceled. Duck River 
2d* (now nrsU) $22.000 gold 6*. due Nov. 1. 19O9. Interest M. A M., 
are outstanding. See V. 61, p. 519. 

GEXBBAL FUIAVCBS. Bill* payable Incurred In purchase of Rome 
RR., etc., were $1.260.480 on July 1. 1896. 

EAinnro*. 6 months, >186v}...4Taas,$AMa,O90| net, $1.010,398 
July 1 to Dec. 31. (1895.... gross, 2,635.731 ; net, 1,083.869 

ASKCAL Rirorr. Fiscal year end* June 3O. The report for 1895-96 
was (Ivan at length In V. 63, p. 499, 5O9. See editorial p. 484. 

rear cud* SHIM 3O. 1896T l-''- 1894. 1893. 

Mileage end of year... 906 '.>- 884 810 

Oroes earnings $6.074.625 $4.6U8.502 $4.521,662 $5.131.779 

Netearnlng* 1,910,275 1.882,142 1.85O.482 1.992.374 

Mtmenta, < 



I n vestments, etc. 



41,002 



18.424 



33,443 170.061 



Net Income. $1,951.277 

Int. on debt and taxes.* 1 .078,470 
Rental W. A A. RR. .. 420,012 

Improvements 

Dividends. (4)40O,OOO 



$1,900,566 $1,883.925 

$1,077,425 $1,022.571 

420.012 420,012 

21.850 25,537 

(4) 400,000 (2>)250,000 



$2,162,435 

$1.012.331 

42O.012 

51358 

(5) 500,000 



Balance ir.$52.795 def. $1 8,730 r. $165.805 w. $178,738 

-(V. 63, p. 4S8, 484, 499, 09. 794, 101O, 1063; V. 64, p. 135.) 

Nashville Ac Deratnr. (See Map Louinillt 4 NathrUle.i-Qvn* 
from Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to Louisville 
A Nashville for 30 years from July 1, 1872, at a rental of 6 p. o. per ann. 
onstock. The lessee assumed all the debt and owned (Oct., '96) $938.800 
of It* stock. On Oct. 10, 1R6, Kinking fund hold bond* of face value 
$659,000, of which $630.000 were N. & D. firsts. See V. 59, p. 604. 

EARXIICOS. Earning* are now Included In L. A N. reports. In 1892 
93, gross $1,468,199; net. $$150.604: Interest. 8147.OOO; balance 
for dividends, etc., $303,664. In 1891-92 gro-. $1,443,431. 

Nil-lit III.- Florence * Mbeffleld. C&c Man LouinlUe it Ntuh. 
title.! Owns from Columbia, Tenn., to HhelHeld, Ala., 82 miles, with 
branch Iron City, Tenn., to Plnckney, Tenn., 12 miles ; oper- 
ate* Napier br., etc., 14 miles ; total. 108 miles. Operated by Louisville 
A Nashville, which company guarantees the principal and Interest of 
the bonds by endorsement, and own* $721), 40O of the $872,385 stock. 
par $100. Stock authorized, $2,000,000. For year ending June MO. 
1896. gro**. $195.930; net,$33,598; interest, $101,800; taxes, *7,430; 
balance, $78,632. 



INVESTORS' SUPPLEMENT. 



[VoL LX1V. 




JASCA&Y, 1807.] 



RAILROAD STOCKS AND BONDS. 



Subscriber* will confer a great favor bjr giving Immediate notice of any error discovered In these Tables. 



RAILROADS. 


Miles 
of 
Road. 


Date 
of 
Bonds 


8 ff_, or Amount 
Value, Outstanding 


INTEREST OR DIVIDENDS. 


Botidt Pnnel 
pal, When Due' 
Stock* Last 
Dividend. 




Rate per 
Cent 


Wllfll 
Payable 


Where Payable, and by 
whom. 


on Bnt page of tables. 


JTiuA. nor. 4 M*f.-ltt M. <92,SOO,OOO), gold, gu.e 
NatlnUt * KitaniUeln mort. tor 92,OOO,OOO. .0' 
national DncJU Railway Stock 


91 
78 


1887 
1888 


91,000 
l.OOO 


$2,096,000 

1,184.000 
2.750.0OO 


I* 


F. A A. 

M. A M. 


N. Y. and Louisville. 
N. Y., Mercantile Tr.Co. 


Aug. 1, 1937 
1918 
See text. 
July 1, 1943 
Sept., 1896 
20 years. 
July 2, 1938 
Nov. 1, 1929 
1921 
June 1, 1977 
See text. 
July 1, 117 


JTrt*. 4 /'. Aei,.-l.t M.. l.gr . sf.. g.. 91.566.COO.o- 
JTsarwAoMiM rat Stock 5 p.c mi. till 19O4 


"18 


1893 


1,000 
SO 


1,381,000 
1.418.6OO 
Jan.'97 none 
750.000 
800,000 
226.OOO 
1,164.500 
700,000 
25O.OOO 
20.000,000 
5,000,000 
10,000,000 
5,005,000 
1,500,000 
36.800 
100,000 
1,700,000 

1,500,000 
1,500,000 
1.32O.OOO 
5,000,000 
446.45 
1.540.000 
1,500,000 


6g - 
5 per an. 

6g. 
5g. 

5* 
6 

.".-I- I.-TI. 

6g. 


J. A J. 
If. A 8. 
J. A J. 
J. A J. 
M. A > 
M. A N. 

J." A 'j. 


N Y., Chase Nat. Bank 
Phlla.. 226 So. Third St. 
N. Y., Moran Bros. 
No coupons paid. 
Nov., '95, coup, last pd. 
M. Y., Central Trust Co. 
When earned. 
Newcastle, Pa. 
N. Y., Farm. L. A Tr. Co. 


jrOTaJo-Ca7ir.-OTMOH.-lst M. 92^2OO.OOO, gold. 
JTnaaa Oentrml 1st M. g.. Income Miking fund).. 
gtvark Somarttt 4 *rttt.-lstM.,eit.ln f 89, g.c- 


94 
44 


1888 

liei 

i-..i 

1877 
1887 


1,000 

.ou .v,' 
59 




JTsw Castle 4 Bearer rausy Stock 


15 
17 


50 

1,000 
100 
100 
1.000 
1,000 


JTw Ca 4 MTMMO r'sT/lsy IstM.. Ini guar... 


Preferred sto. k. 5 p.e.. non-mm. (95.0OO.OOO) . . 
N.Y.A N.E.lst M. (fc.000.000 are 7s) currency.c- 
ConiM>lidted mortgage, 917.5OO.OOO. gold. ...c' 
Boston Terminal lit mortgage for *1,5OO.OOO c- 
Mortgage notea on land at Springfield A Hartford 
Wooni. A Paseo. lit M..lnt.gu. by Cltv of Woon.e 
Hew Jtrttf /upw/um-lst, M.. guar. bv K. Y.Oent-OJkr 
JTn ^er-y 4 .Yew I'ort-Bix EKIB RR. Co. 
fn London for!** * Otniik 


321 

361 


1876 

:-:. 
1889 


647 
5g. 

5 A6 
5 

4 

9 per an. 
4 AS 

i* 


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

A.'A'O. 

F. A A. 

Q.-J. 
J. A J. 
A. A 0. 
J. A J 


Boston, 8. Dep.i Tr Co. 
Boston. Office. 
Boston, 180 Sumner St. 


Jan. 1, 1905 
July 1, 1945 
Apr. 1, 1939 




9 


121 
131 
196 
196 


1890 
1886 

1880 

iMa 

1881 


1,000 
1,000 

100 
1.000 
1,000 
1,000 




Oct. 1, 1910 
Feb. 1, 1986 

Jap.2'97,2>% 
July 1, liu 
Nov. 1, 1915 
Jan., 1911 


N. Y. Cent. A Hud. Rlv. 

New London, Office. 
N. Y.. Bk. of No. Amer. 
N. Y., Central Trust Co. 
N.Y., Mailer, SchallACo. 


OanenBdBlcd M., now lit M. (9089.OOO are 4i c" 
g Oriesntj 4 JTorU Wsn Prior lien m.. gold c" 
lit mortgage, gold ... 


JT. O. * JTortAtHtCH ReeelVs etf... aatb. 950O.OOO 
1 it mortgage, S3O.OOO per mile, gold o**r 
few Orison*? Wal.-in Ter. M..92.OOO.OOO. g. . c- 


77 


1890 
1893 


1.000 
1.000 


SI: 


J. A J. 
J. A J. 


In default. 
. Y., State Tr. A N. Ol 


Jan. 1, 1940 
July 1, 1946 



National II...- ks Kr.-Road extends from United IT. J. RR. at 
Point of K.M k to Constables Hook. X. J.. 5-99 mile* Communlpan br., 
0*88 mil**; Kill von Kail branch. O-54 miles; total. InolBdlng second 
track and m.llng*. June 3O. H94, 16 27 miles. Read opened Deo. 1. 
t883. Block June 30.1*93. #2.7*0.000; unfunded debt. 826.332. 



i. -For year ending June 30. 1890. gross earning., 9347.849: 
tMt.9159.27S; charges, tll.032: bal.. surplus. 9148,243. In 189495 
net. 9150.359; . barges, 915,180. dividends, 9130370. Office, 45 
Breadway. New York. 

> I -on A Fort Hheppard By. Own* from International 
Boundary to Kootenal Lake. B. C., 00 miles. Completed In March, 
1894. In the interest of Spokane Falls A Northern By., which see. 

Nee^ur honing Valley. Own* from Xesqnebontng Junction. Pa., 
MTameoend. Pa.. 17 mile*; Tunnel Branca, to Lansford. Pa.. 1 mile. 
Liaseit (or 999 yean to the Lehlgb Coal A Navigation Company. ID 
l84taeopU^ to ptirehs*etsss<)e^sras*l la torest was suspended 
tor 2O years, with a cuaranto* of 5 percent per annum on stock. 

Newark Aosnrrarl A Mrallsvllle Owas from Newark. O.. to 
Bhawnee. O., 44 mile*: branch 3 mile*, leased to B. A O. till Nov. 1. 1929 
(with right M perpetual renewal at B. A O-s option) for taxes and 30 
-TOSS earnings, but minimum rental to be 94O.OOO : B. A O 
I entitled to reimbursement from receipts of subsequent years for any 
make up minimum rental. Interest on flr.t 5s due May 1, 



Bee deeorlptloB of mortgage, etc.. j. a, 8nrri.it 

97.2 




MBIT of April. 1899. 



, .. 

IB 189J-M gross. *143,l 04 ; aet.97. 
; less to If *.* 1 1. 450. IB 1894-95 



. . - I- :. . 

groas earn*. 



.1176. V. 63, p. lOOd 
Connecticut 



Vallcy. Owas from Hone wood. Pa. 
In IBM tease was canceled (see V. 62. 



this 8urri.- 



., to 



from oper.. 93.015. In 1 H<.I 94 arose. 999.623 ; den 
oil. 912.44S.-V. 02. p. 990. 

Nrwburg llalrh 
MBIT, page 156. 

New rasllr A 
Ntw Castlr. Ps,. IS inlies. In 

p 11" ! I'urrbased la 1895 br Pennsylvania Co. and no" 

further dividends lll be declared. Oros* earning* In 1995. 9109,433: 
net. 840,935 : rental received, 959,661 ; loss to Us.ee. 918,720. 
N 4 astle A Whrnanco Talley. Own* from New astle. Pa., 
:ie*ez. Pa.. 17 miles. Leased to Nypano RR. till 1982 tor 
rental of 32 p. c. of gross earn*., but Interest on bond* guaranteed. 
New England int. * York New Haven A Hart. RR. own* a 
itj 'of the stock, but road I* operate.1 Independently, embracing : 



-.. M . 




JHta. 

lopewell June. N.Y.315 
FUbklU Landiag 
- to WlUlmaaue?... 58 
to Woonaaeket. R. I... 29 
itoBouthbrldge 17 
Ct, to Bprtngfd 27 
12 



!>.. i . - ,. k 



(Ai CO., 

Norwleb A Worcester BRT... 06 

Rhode Island and Mass, roads. 14 

J"PrT agreement) 

Boekvtlle RR 6 

Providence A Springfield RR.T 89 
' 'A PaeooagRB.... * 
20 



M 



Mllford branches . 
Track.ge 



Total. [301 mile* owned. 141 m. isessd and 26 m. trackage) 528 

Company controls, through lea*, of N. A W.. tbe Norwich A New 
York Transportation On.'* One of steamer.. 1 25 mile*. 

HBTOBT.-A reorganisation of the Kew York A New England, (sold 
In foreclosure July 9. 1880,) a* per plan given In V. 58. p. 762. 1'n.p 
Xty turned over to new company Sept. 1, 1805. The old common 

1c paid an * mint of 9*O per share. Controlling Interest In 

toek was acquired In IBM br the New York New Haven * llart- 
, which also bought 9S.OOO.OOOcon>|..-(V. 61. p.517.) A part of 
teston terminal property to be sold to the Boston Terminal Co. has 
appraised at 91.923.SOO. Bee Miscellaneous Companies and V. 

to modification of lease*, reducing rentals, see report for 
96. V. 03. p. 099. This report says that tbe reduction* In rental* 
ther eharges ate expected to overcome tbe deficit shown In other 
, but that on tbe other hand large amounts for Improvements 
net be charged to operatlnc expense* for some time to com-. For 
14 year* to June 30. 1890.0523.000 bed been so charged. 

Bo*D*.-The consolidated mortgage of 1890 Is for 917.SOO.OOO of 5 
9- '!* *5.r*M troatae I* Manhattan Trust Co., N. Y. There 
are 910.000,000 bond* reserved to retire tbe old N. Y. A New England 
Brsts. which were left undisturbed. Bee V. 61. p. 907. 
Loan* and bills payable on Sept. 80, 1890, 922S.OOO. 

rnxr.- fiscal year now ends June 3O. Report for the 
S^W*.? 1 * .' Ju -l- 90 .-l 9 ?i w " Oven In V. .13. n. *98. showing 



n p. m.. 1-18 cents. 
Tear ending Ore. 31 

*>tal rro~ earnings 

Jet earnlng..:m 

OCner receipt* 



, . 

". 91^00.668; charges. 91,299.26; balance, sur- 
Tbe average freight train load was 181-2 ton*; rate per 



l-'-i 

95.47,628 

91.563,219 

4,171 



Total IneooM.. 



!- i.: !-'_'. 

90.019,208 86.220.494 

91,561.236 91.808.347 

-.:-] -.,:!.-, l 

H .566,587 91,813,701 

9386,477 9254,408 



Orrtcian. President, Charles P. Clark, of Kew Haven; Secretary, 
James W. Perkln.. of Boston; Treasurer, O. B. Phlppen, of Boston. (V. 
63, p. 29, 30, 269, 698, 968; V. 64, p. 83.) 

New Jersey Junction. Terminal road through Jersey City 
Hoboken end Weehawken. connecting the trunk lines terminating at 
those points; length about 5 tulle*/ Leased for 100 yean) from June 
30. 1886, to the New York Central which iruarantees the bonds abso- 
lutely and owns 9100,000 stock. The mortgage Is for 94,000,000. 



rey A New York BR. Owns from Erie Junction. N. J., 
to ( Jmrnrrvtlle. N. Y.. 29 miles : branches to New City, etc,, 5 miles ; oper- 
ates to Haverstraw, etc., 14 miles; total operated, 48 miles. Reortritii- 
iMd after foreclosure In April. 188O. The road was purchased by the 
Erie RR. In Aj.rll. 1896. V. 62, p. 683. Stock outstanding, 91,440,800: 
eommon; 9787, BOO preferred : par, 81OO. Balance sheet of June 80, 
1895, In V. 01, p. 27i. Control In with preferred stock and nnt mort- 
gage till per cent has been paid on preferred for three years. 

EABSixoe Year ending June 30, 1R96. groso, 9332,748; net, 
70,103: Interest, 9SO.174; rental., 9 '.080: balance, aurplux. 815,243. 
In 1894-5, gross, 9331,179 ; net, 961,022. (V. 63, p. 5O3. 968.) 

New London Northern. Ownn from New London, Conn., to 
Brattleboro, Vt., 121 miles, and leases Brattleboro A Whitehall RR., 
BratUeboro to South Londonderry, Vt, 37 miles. 

I.KASBII for 99 years from Dec. 1, 1891, to Central Vermont. The 
rental Is 821 l.OOO per annum, which leave* a small surplun after pro- 
viding fur Inter., etc., and 8 percent dividend*. Taxes aid Improve- 
ments met by lessee, without claim on New London Northern. 

DIVIDENDS. From 1888 to Jan., 1892, Inclusive, at rate of 7 per cent 
per annum : then 2 per cent quarterly to October, 1893, Inclusive, and 
since to January, 1897 (Inclusive). 2V per cent quarterly. 

EAKKIXOS. For year ending June 30, 1896, grou, 8663,755 ; net. 
9230,282 ; other Income, 949.541. Total Income to lessee*. 9279.823 : 
rental paid. 921 l.OOO. from which deduct charges and taxes, *194,'jso. 
<V. 61.li. I7J; V. ii.1, |.. 4OO.I 

New Orleans A North Rastern HH. New Orleans, La., to 
Meridian. Miss., 196 miles, all 6O Ib. steel rail*. Stock I* 9S.OOO.OOO 
(par, 9100), of which 94.32O.ooo and 94.9OO.OOO 1st mortgage bonds 
are held by the Alabama New Orleans Texa* A Paclflo Junction By. Co., 
to which was due July 1, 1890. 91,375,031 on coupon amount and 
974O.708 on other accounts. Prior lien* In treasury July 1, 1806, 
952,000. On June 30, 1890, engine trust notes were 93,552. 



. From January 1 to Sept. 3O, 1896 (9 months), gross, 
9925,380. against 9925.659 In 1895. 



RBFOBT. Report for 1895-96 was in V. 63, p. 555, 650. 
Tr. end. Junt3n. (Irnu. \'rt. OUur inc. litlerett. Balanrr. 

1895-96 ........ 9l.41il.72O 93O0.971 91,115 9379.2OO d<r.#l 1.1 11 

ll-95 ........ 1.2-j-.7ii<i 240.222 1,015 379.20O deM37,!l63 

- (V. 58, p. 904, 1035; V. 59. p. 778; V. 01, p. a 1 5; V. 63, p. CSS, HfiO) 

N,-\v Orleans A Northwestern Ry. Owns from Natchez, Mlsr. 
to Bastrop, La.. 102 miles. Projected to Little Rock, Ark., snd to Vew 
Orlean* and Mobile. Btoc*. paid In, 94,500,000; par $1OO. In August, 
1891, receiver, were appoint**!. From the proiecd* of the receivers' 
certificates Issued, 25 mile* of road (Rayllle to Ba*trop) was completed 
.clinic with the Ml*, uri Pai-IHo at Collluxvllle. I,oi K. 
Hyde, TltnsvUle, Pa., I* now receiver. For year ending June 30. 1895, 
--..-. if :. -.r.':i; nn. .|i;.7n7. ..ili.-r ir ..... in.', *i:i,'.'J:i; .-liiirtfi-". *1 _'..- 
493; bal., denolt, 968,857. For 1893-4 no report tiled. In year 1892-93 
gros.,904,145; net over taxes, 917,269. (V. 57, p. 407.) 

New Orleans A Honthrrn HH. It Is proponed to reorganize 
under tbe name of Louisiana Houthern Ry. The N. O. A Western 
operates tbe road until Fl>., 1 897. '.V. 63, p. 30, 500, 754.) 

New Orleans A Western RR. Ste Jfap. Own* a belt railroad 
encircling the city of New Orleans and connecting with nil tlie rail- 
roads entering that city. Entrance to business centre 1* had over tbe 
tracks of tbe East Louisiana Railroad. Operates N. O. Southern under 
contract for one year from February, 1896. 

The line extends from Avondalc, some 4 miles above the city, to 
Port Chalmette, about 1 Hi mile* below It, a total length of about 18 
miles. At the latter point the company owns a large terminal property, 
having a frontage of about four-fifths of a mile on the Mississippi 
River and containing about 2.3OO acres, with 80 cotton warehouses, 
capacity of 2SO.OOO bales, a grain elevator having a rapacity of half 
a million bushels of grain, wharves and facilities lor handling cotton, 
grain and merchan 

The capitalization Is 92,000,000 of first mortgage 5 per cent 50- year 
gold bond* (State Trust Co. of New York, trustee,) and 96,OOO,OOO of 
common stock; oar, 9100. 8SOO.OOO of the bond* are held for future Im- 
provemsnte. President (elected Pept., 1896), William Mason Smith ; 
Vlce-Prest. W. W. Blerce, both of New Orleans. ( V. 03, p. 601.) 

New York Brooklyn A Klanhatlan Beach. Own* from 
Fresh Pond Junction u> Manhattan Beach (Coney Island), and branches 
to Bay Ridge and Ureenpolnt, 20 miles, of which 16 miles double track. 
Oreenpolnt branch Is not operated. 



INVESTORS' SUPPLEMENT. 



[Vox. LXIV. 




JAXCAKY, 1897. J 



EAILROAD STOCKS AND UONDS, 




JM; 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV 



fcacrlfcara will confer a great faTor by 1 


riving Immediate notice of any error discovered In these Tables. 

rWTlTtJTflT OR TTVTT>KN1>8. 


RAILROADS, 

fm explanation of column heading*, Ac., see notes 
on flnt page of tables. 


Miles 
of 
B0>d. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


pal.w hen J>ue. 
Slocks Last 
Dividend. 


JT. T. BrwoMyH * ilanhal. Bear* Common stock.. 


"20 
20 


1885 


100 
100 
l.OOO 
100 

1,000 

100 
1,000 

1,000 

5OO Ac. 
l.OOO&c 
l.OOOAc 

' 100 
100 
100 
l.OOO 
1,000 
1,000 
1,000 
50 
50 
l.OOO&o 
100 
1,000 
1,000 
1,000 


$350,000 
650,000 
1,726,000 
4,OOO,OOO 
4,OOO,OOO 
1,000,000 
100,000,000 
30,000,000 
9,733,333 
6.450.OOO 
10,000,000 
l.OOO.OCO 
13,1*<4,OOO 
14,000,000 
ll.OOO.OOO 
5.0OO,OOO 
19,425,OOO 
420,000 
350,000 
1,442,000 
8,646,050 
1,353,950 
12,000,000 
10,000,000 
12,000,000 
5,000,000 
5,000,000 










5 per an. 
5 g. 

""e'g. 

4^3 g. 

See text. 

7 
6 g. 

5 
4 g. 


A. A O. 

A."A"O. 

M. A N. 
M. A N. 
Q.-J. 
J. A J. 
J. A J. 
M. A N. 
M. A 8. 
M. A S. 
J. A D. 


N. Y., L. I. RR. Co. 
N. Y., Corbln Bauk'g Co. 


Oct., 1896 
Oct. 1, 193& 


1M . .Hi. M. (m> It .M 1 gold, guar. oy L. I 




150 


1874 
1896 


London, Baring Bros. 
N.Y..D. & H. Canal Co. 
N. Y., Gr. Cent'l Stat'n. 
N. Y., Gr. Cent. Station. 
London, Union Bank. 
N. Y., Gr. Cent. Station, 
do do 
do do 
do do 


May 1, 1904 
Mav 1. 1904 
Jan."l5,'97,l%- 
Jan. 1, 1903 
Jan. 1, 1903 
May 1, 1905 
Sept. 1, 1904 
Sept. 1. 1904 
June 1, 1905 


1st mortgage steillug. guar. D.'A H. fj'ly *'. 
Debenture, g . k-uur. p. A Lend. Del. AH. Canal. 


ir v r A it t **m nno ooo > S 
H. i . C. A II., s ^Xvwwt'lIX J coupon or reg. j 
iMt roort . . / s.i>vu,uvu s 
Debt certlfn (N. Y. Central), gold. ext. In '93..c*r 
Debentures. 1884, mort. prlv., mill-convert.. .o*r 
Debentures, 18*9, conv.. mort. privilege...... ..r 
Debentures, 15,OOO.OOO, gold, s. f. not dr'n.c*r 


8)9 
819 

523 
523 
523 
505 

"40 
145 
145 
136 
214 
200 
200 
200 


1873 
1873 
1853 
1884 

IMXll 

1890 

1887 
1892 

1896 

1872 
1880 
1890 


2d oraferred (5 percent, non-cumulative) 


See text. 

5 

5 g- 
See text. 
See text 
7 
5 per an. 
6 
5 
4 


A.'A'O. 

M. A 8. 
F.AA 15 
M. & N. 
See text 
See text 
M. A N. 
Q.-J. 
J. A J 
F. A A. 
M. A N. 


N. Y.,Gr. Cent. Station. 
N. Y., Union Trust Co. 
N. Y., Central Trust Co. 
do do 
New York. 
N. Y., Gr. Cent. Station. 
do (to 
do do 
N.Y.,byDel.Lack.AW. 
do do 
do do 
do do 


Mch. 2, 1896 
Oct. 1. 197 
Yearly to 1902 
Yearly to 1911 
May 1, 1946 
Jan. 2, '97, 4%. 
Oct. 1, 1896 
May 1. 19OO 
Jan. ,'97,1 Wo 
Jan. 1, 1921 
Aug. 1, 1923 
May 1, 1923 


lt nwrtKHgr gold, slnkliie fund not drawn. .0* Ar 
Equipment Inmt. gold, $00,000. Sept 1, yearly.. 
Equipment nee, teit). Berie* B....CAr 
If t a Urrrmrood L. Prior lieu M..$l,50O,OOO,g. 
JT. T. * Harlem Common, 1 1 "a to 1 2 p. c., guar . . . 


Consolidated mortgage, coupon or registered.. o* 
IT. T. Laekatranna <* lFe*tem Stock, guar. 5 p. Ot. 
1st mortgage, guar. by Delaware Lack. & West.o' 
2d mortgage, guar. by Delaware Lack. A West.o* 
3d M. Terminal Imp. (for $5,OOO,OOO), gu. p. A 1.. 
Xew Tort Lakt Erie <t ITerttrn See ERIE RR. 


LEASE, ETC. A consolidation August 27, 1885. Leased for 99 years 
from May 1, 1882, to the Long Island RR. Co. at 35 per cent of gross 
earnings, rental guaranteed to be at least 5 per cent on pref. stock. 
BONDS. The mortgage of 1885 is for $2,000,000 and is now a first 
lien (V. 63, p. 1116.) Trustee Is Central Trust Company. The L.I. 
RR.hu attached to the, bonds Its unconditional guaranty of principal 


Payments 


1896. 1895. 1894. 
$5,067,609 $5,888,451 $5,745,936 
4,153,776 4,169,245 4,214,716 
[ 224,21 198,983 194,382 
300,000 300,000 3OO,OOO 
(4) 4,000,000 (42) 4,339,991 (5)4,588,826 


'nterest'on de 
Taxes on earn 
Seserved for 
Dividends,... 


bt 


and stool 
deb'tures. 



KIV Ilil?" ill 1 Hi. llt-'U l*f 111*3 LWUUO Ba tinxuu*vu** r$"" ""-j 

and Interest In addition to the memorandum as to the lease previously 
printed upon them. V. 56, p. 812. 

INCOME.-ID year ending June 30, 1896, rental, $121,925 ,; Interest, 
etc., $98,029; dividends on preferred, 832,500. V. 63, p. 1010,1116. 

New York & Canada RR. Owns from Whitehall, N. Y., to 
Rouse's Point, N. Y., 113 miles; branches to Baldwin, Ausable and 
Province Line, 38 miles; total operated, 151 miles. 

LEASE. ETC. Leased In perpetuity and virtually owned by the Dela; 

ware & H Canal Co., which guarantees the bonds, and has $3,774,865 

Invested In the property, 91,000,000 having been funded in 1896 into 

the guaranteed gold debentures. See copy of guaranty, V. 64, p. 181. 

Gross. Net. Charges. Balance. 

C1895-6 $915,965 $316,552 $316,070 snr. $482 

Years to S 1891 . 5 847.747 225,985 309,941 def. 83,956 

June 30. > 1893 . 4 805,327 154,604 309,875 df.155,271 

(V. 62, p. 320, 949 ; V. 63, p. 365,880; V. 64, p. 181.) 

New York Central &. Hudson River R.reJfap.;-The sys- 
tem, clearly shown on the accompanying map, Is made up as follows : 

* . _ *m r *r n i-~.t, - *r..iA~*n T 1 oo 



Lines owned. Hiles. 

New York to Buffalo 442 

Branches 378 

Line* leased. If See this en. 

West Shore If 495 

Troy 4 Greenbush IT 6 

Spuyten Duy vll & Pt. M . . . IT 6 

New York & Harlem If 136 

New Jersey Junction U 

Rome Watertown A Og If 



5 

024 



Mohawk & Malone....". II 182 

Carthage & Adirondack.... if 46 

Gouverneur & Oswegatohielf 13 

New York A Putnam it 61 

Tlvoli Hollow RR 1 



Tetalin earns. 1895-96 2,395 

Oper'd, earns, kept separate. 

Dunkirk A. V. & P. If 91 

Beech Creek If 149 

The N. Y. Central Division has 287 miles laid with four tracks. 

HISTORY, Ac. This company was formed by a consolidation of the 
New York Central and the Hudson River railroads November 1, 1869. 
The leased lines have been acquired at various dates since. 

CAPITAL STOCK. In May, 1895, $4,571,700 stock was listed on the Ex- 
change, making total listed $100,000.000 ; V. 60, p. 874. Dividends 
on stock registered In London are payable In gold at 49>sd. to dollar. 
Blnce > DIVIDENDS. 5 '85. '86-89. '90. '91. '92. '93. '94. '95. '96. '97 
1884.5 Percent. (SVa 4 yrty. 4^ 4*2 5>4 5 5 4 ! 4 4 Below 
I u 1897, Jan., 1 p. 0. 

From 1869 to 1884, both Inclusive, 8 p. c. per annum was paid. 

BONDS. See description of debentures on page 3 of SUPPLEMENT of 
April, 1895. Of the $11,000,0005 per cent debentures due 1904, the 
$1,(HK),OOO registered bonds dated in 1889 have a stock conversion 
privilege, which debentures of 1884 have not. (V. 60, p. 523.) This 
conversion privilege carries the right to receive stock at par, Instead of 
cash, for the bonds at maturity, in case the company replaces Its first 
mortgage bonds due 1903 by an Issue of stock. 

Tne $15,000,000 debenture 4 per cents of 1890 are to be Included in 
any new mortgage, and save a' sinking fund of $300,000 yearly no 
drawings. Sinking fund cancellations have reduced them from $15,- 
000,060 to amount In table. 

GUARANTIES. The company guarantees the securities of Its leased 
lines to a considerable aggregate see separate statement for each com- 
pany marked with a If in the table of mileage preceding. It also guar- 
antees Western Transit Co. 4"as for $1,000.000 due February, 1903. 

GENERAL FINANCES. A new four-track bridge over the Harlem River 
Is being constructed 24 feet higher than the present bridge at an outlay 
of between $3,OOO,OOO and $4.OOO,000 (the city sharing the cost). See 
V. 54. p. 56O. Debentures of 1890 for $3,5OO,OOO and $4,571,700 of 
took were sold In 1894-95 for Park Ave. and other Improvements. 

Bills payable June 30, 1896, $218,750; average train-load 1895-96 
was 268 tons; rate per ton mile 67-1OO cent. 

EARNINGS. For 6 months ending Dec. 31 (1896 partly estimated): 

, /-,. Net. Interest, <tc. Dividends. Bat., sur. 

6 mo*. $ $ $ 99 

1896 (eat).. 23,000.295 7,477,349 5,264,578 (2%)2.000,000 212,771 
1895 (act) .24,008,402 7,819,242 5,278,502 (2%)2,000,000 540,740 

ANNUAL REPORT. Fiscal year ends June 30. Report for 1895-96 
was given at length In V. 63, p. 596, G03. See also editorial p. 580. 

Teancnd.JtincSO. 1896. 

Miles operated June 30 2,395 

Freight earnings $25,984,710 

Passenger earnings 13,705,0V! 1 

Miscellaneous earnings 5,455,236 

Total gross earnings... $45,144,967 
Oper. exp., Includ. taxes... 30,455,570 

Wet earnings $14,689,397 

Other Income* 

Net Income $14,689,397 



1895. 
2,392 
$24,268,710 
12,965,112 
5,255,715 


1894. 
2,396 
$24,104,509 
14,151,280 
5,422,412 


$42,489,537 
28,810,443 


$43,678,201 
29,508,406 


$13,679,094 
193,382 


$14,169.795 

87,727 



Balanoefromoperafn... sur. $43,793 def .$1,0 24,194 def. $786,340- 
(*From profit on sale Clearfleld Bit. Coal Co. bonds in 1895; re- 
bate on taxes in 18P4. (V. 62. p. 278. 548, 589, 870, 1139, 1162; V. 63, 
p. 311, 560, S8O, 596, 6O3, 794, 838, 1159.) 

New York Chicago & St. fjonlm.fSee Map of New York Cen- 
tral <t Hudson Rwer.) Owns from Buffalo, N. Y., to Illinois State Line, 
except 8 miles leased between Dunkirk and Silver Creek, leaving 494 
miles ; leases the proprietary line, Chicago A State Line RR., 111., State 
Line to Grand Crossing, 10 miles : also leases Dunkirk to Silver Creek, 
Smiles; trackage in Buffalo, N. Y., 1 'a miles, and Grand Crossing to- 
Chicago, 111. (Lake Shore RR.). 9 miles; total. 523 miles. 

HISTORY. Known as the " Nickel Plate." Sold in foreclosure May 
19, 1887, and present company formed in September, 1887. 

STOCK. Lake Shore & Michigan Southern owns $6,240,000 common 
$6,275,000 2d preferred and $2,503,000 1st preferred stock. 

DIVIDENDS. On) 1891. 1892. 1893. 1894. 1895. 1896. 
1st pref.ln March S 3^ p. c. 334 none. 5p.c. 

BONDS. A sinking fund of $100,000 per year Is provided when net 
earnings are $900,000 or upwards, if bonds can be bought at or below 
102; if not, the sinking fund lapses for that year, thus leaving $100,000^ 
more for dividends. The original issue of bonds was $20,000,000, and 
It has been reduced to present amount by the sinking fund purchases. 
Statement of road under mortgage In SUPPLEMENT of Sept.. 1894. See 
abstract of mortgage (Central Trust Company of New York, trustee), 
V. 45, p. 541. Equipment trust bonds of 1892 (original amount $600, 
000) cover 1,000 cars and 10 engines; one-tenth mature yearly. Equip- 
ment trust bonds of 1896 for $350,000 cover 13 engines and 500 cars; 
$23,000 fall due each Feb. 15 for 10 years and $24,000 for 5 years. 
Central Trust Co., N. Y., Is trustee of both equipment deeds. 

LATEST EARNINGS. For 9 months ending Sept. 30: 

9 months Gross. Net. Other inc. Int.dt tares. Balance. 

1896 $4,111,518 $757,938 $7,791 $888,562 def.$122,833 

1895 4,496,964 926,446 5,108 859,645 sur.$71,90 

ANNUAL REPORT. Report for year 1895 was in V. 62, p. 866. The 
road is used principally as a freight line, the earnings from freight in 
1894 amounting to $4,792,297 out of the total $5,629,239. 

Tear end. Dee. 31 1895. 1894. 1893. 1892. 

Miles operated 512 512 512 512 

Gross earnings $6,317,950 $5,629,239 $6,787,748 $6,467,165 

Oper. expen. A taxes. 5,0*9,719 4,671,978 5,479,238 5,375,162 



Net earnings $1,225,231 
Net, Inc. other income $1,236,814 
Interest on bonds $777,000 
Equip, trust charges. 83,000 
Rentals 95,507 


$957,261 $1,308,510 $1,092,003 
$964,251 $1,314,829 $1.102,209 
$777,000 $780,000 $781,060 
86,OOO 89,000 30,000 
91,924 92,227 91,319 




99,460 48,794 


Div. on 1st nref* . 250.000 


. (4) 200.000 (3) 150,000 



Balance, surplus. % $31,306 $9,327 $54,142 $1,036 

*NOTE. Dividends from earnings of year given arc paid in March 
of following year. 

-(V. 60, p. 131, 302, 792; V. 62, p. 186, 365, 866, 949; V. 63. p. 269, 
880.) 

New York A: Greenwood Lake Ry. (Set Map of Erif Kit.) 
Owns from Jersey City, N. J., to Greenwood Lake, 39 miles, ana 
branches to Ringwood, etc., 8 miles; operates Watchung Ry., Wood- 
side to Orange, N. J., 4 miles; total, 51 miles. Stock, $100,000; out 
standing, $75,000 ; par, $100. 

LEASE. -On May 1, 1896,was leased to the Erie RR. for 999 years from 
May 1, 1896, for interest on prior lien bonds, holders of old firsts agree- 
ing to convert their bonds into prior lien bonds at 50 per cent of face 
value and ofjold seconds at 10 p. c. of face value. See Brio report, V. 
63, p. 513. Trustee of prior lien mortgage is N. Y. Security *. Trust 
Co., of N. Y. (V. 60, p. 929; V. 62, p. 233, 365 ; V. 63, p. 189, 229,5/J. 

New York & Harlem. Owns from New York City to Chatham , 
N. Y., 136 miles. From Chatham to Albany, 24 miles, the Boston A 
Albany Railroad Is used. Also owns the Fourth Avenue street railroad. 

LEASE. The property (except the liorse railroad) was leased April 1, 
1873, for 401 years to the N. Y. Cent. A Hudson River RR. at 8 per cent 
dividends on the stock and the interest on the bonds. The horse road 
was leased in July 1896, to Metropolitan Traction Oo. for 999 years at 
$350,000 yearly for 5 years and $400,000 thereafter. V. 62, p. 1088. 

DIVIDENDS. The 8 percent per annum guaranteed is paid serai-an- 
nually, Jan. 1 and July 1. In addition both stocks have received divi- 
dends out of the earnings of the Fourth Avenue horse railroad, annually 
In April, an follows- From 1882 to 1889, inclusive, 2 per cent yearly: 
1890 to 1893 2^4 p. c.; in 1894 to 1896, Inclusive, 3 p. c.; under lease 



JANUARY, 1897.] 



RAILROAD STOCKS AND BONDS. 



aafeaerlbora will confer a treat faror by giving Immediate notice of any error discovered In these Table*. 



RAILROADS. 


Mile* 
of 

Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Botidt- Prtncl 
pal, When Due. 
Stock* Last 
Dividend. 




Rate per 
Cent 


When 
Payable 


Where Payable, and by 
Whom. 


on tint p.ge of tab IP*. 


* w Tor* yp f oven 4 War f/ord -Stock. 8e text. 
1 mt mort.TaV.Tt*. (for B.1 OOO (MM)) r 


i~23 

"so 

12 
62 

51 
34 
36 
36 
12 
12 
74 


'":> 

1888 

1881 
1892 

1880 
1-77 
1880 
1881 
1873 
1881 
1880 
1882 
1--7 
1883 
1870 
1888 
1888 
1869 
1879 
1881 
1886 
1870 

1880 
1877 
1--,, 
1880 
1889 
L8M 
1896 


$100 
1.000 A 
lOOAc. 
l.OOO 
1.000 
1,000 

1,000 


$47,500,000 
2,000,000 
16,397,200 
1,000,000 
300,000 
1,000,000 

500,000 

25,000 

500,000 
1 50,000 
2,000,000 
1,000,000 
100.IHK) 
61,000 
2,839,000 
150,000 
225,000 
575,000 
480,000 
1,300,000 
1,200.000 
700,000 
7OO.OOO 
260,000 

60,000 
1,500,000 
250,000 
200,000 
5.600,000 
8,125,000 
880,000 


Bee text. 

4 

7 
4 
4g. 

5 
7 
5 A6 
5 
6A7 
4 
4 
5 
5g. 

7 

s 

6 
7 
6 
6 
5 
iA 6 

6 
6 

2>9 


Q.-M. 
J. A D. 
A. A 0. 
J. A J. 
A. A O. 
A. A O. 

F. A A. 
J. A J. 
J. A J. 
A. A O. 
A. A O. 
J. A D. 
A. A O. 
A. A O. 
M. N. 
J. D. 
F. A. 
M. N. 
F. A. 
J. J. 
A. O. 
A. O. 
J. J. 
A. O. 

A. O. 
A. O 
A. O. 
M. 8. 
J. D. 
M. B. 
J. J. 


New Haven, Co.'s Office. 
N. Y., Chem'al Nat. Bk. 
N. Y., Lincoln Nat. Bk. 
N. Y., Central Trust Co. 
do do 
do do 

N.Y., Lincoln Nat. Bank 


Deo.31,'96,2% 
June 1, 1903 
See text 
Jan. 1, 1899 
Apr. 1, 1901 
Apr. 1, 1942 

Aug. 1, 1905 
July 1, 1907 
July 1, 1920 
Apr. 1, 1925 
Oot 1, 1908 
June 1, 1911 
Apr. 1, 1910 
Oct 1, 1912 
Nov. 1, 1937 
June 1, 1918 
Feb. 1. 19OO 
May 1, 1918 
Feb. 1, 1900 
Jan. 1. 1899 
Apr. 1, 1909 
Apr. 1, 1911 
July l 1904 
Apr.'98A1911 

Apr. 1, 1900 
Oct. 1, 1897 
Oct 1, 19OO 
Mob. 1, 1910 
June 1, 1939 
June 1, 1999 


Debenture*, exchangeable for stock 1 9O3 e* 
B.Y. ProvTi B. 1st M.. Prov. to Ston.lassumedi.c' 
1st M. (Stonington to New London) asuunied. f 
Gen'l mort. for $4,000,000, gold, assumed. .CAT 
Boxi> or PBOPBIETABT, ETC., LIKE* : 
Bos. AN.Y. Air L. 1st M..N. H.to W Oilman.. Ct.e' 
Colchester RR 1st M 


Danbury A Norwalk eon. M. (81OO.OOO are 6s). c- 
OmL M.. Danbury ,Conn..to Wilson Point, AC.O* 
Harlem River A Portcbester 1st mort. guar ..CAT 


1,000 

100 
1.000 
l.OOO 
500 Ac. 


New Haven .Conn, 
do do 
N. Y., Chem'al Nat. Bk. 
do do 
New Haven, Conn, 
do do 
N. Y., Farm. L. A Tr. Co. 
New Haven, Ct., Tress. 
New Haven, Conn, 
do do 
do do 
N.Hav.,N. Tradesm'sBk 
do do 
do do 
do do 
do do 




Mew eonsoL mortgage (for 83,000,000) gold, .e* 
Naogatoek l*t M., Nanga. June, to Wlnstcd, Ct r 
New Haven A Derby 2d mort- (now lit) e* 


80 
55 
18 
18 


1.000 

l.OOOAc 
5OO Ac. 
1.000 
1.000 
1,000 
1,000 
1.000 
1,000 
1.000 


CoasoL mort for 8800,000 c- 


w. Hav.A North. 1st M..N. H.to Conway j .Maii-e' 
Consol. sink, f d. 81S.OOO per year, not drawn.e- 
Northern Extension bonds e* 


92 

114 
27 

"17 
% 


Debtnre* ext. In -96, non conv.,V. 62. p. 548.6* 
Holy A W.. leased. 1st A 2d M., ($200,000 gu.)c> 
Old Colonv See that company. 
Pawtuxet V. 3d M. (1st M. owned byN. Y.N. H. AH 


1,000 


Prov.,R. I. Hosp. A T.Co 


Nsntaaket Beach 1st mortgage . 


Shore Line 1st M.. N. Haven to N. London. Ct . . . . 
AT. T.Ont* W._4> m .M^nowlsl^..red.*t 105 In '99 c 
Refaadlag mortgage for 82O.obo.ooo. gold. . .c'*r 
' r*r fftsn*laii<a- 1st M.. 842O.OOO 


49 
Text. 
Text. 


i.rooAc 

for * 
l.OOOAc 
100. Ac. 


N. H.. Nat. N. H. Bank. 
N. Y. Office A London. 
N. Y. Office. 56 Beaver. 
HornellKville.N.Y. office 



to Metropolitan Traction above meBdoaed these dividends will be 34 
aar eent for nve yean from July 1. 1898; then 4 per eent. 

EABMS<js.-RaUroed operations Included IB New York Central. (V 
59. p. 871; Y. 62. p. 949,990, 1O88; V. 88. p. 116.) 

Blew York Laekawanna 4t Weotern. Blnjfhamton to BnftUo 
Bad International Bridge and branches, 814 miles, of which the main 
line. 213 mile*, is doable track: Delaware L A W. has a lease for dura- 
tion of charter bom October. 1 882. giving a guaranty of the bond* and 
8 par eent yearly oa the took, boads aad stock being endorsed. 

Flew York Lake Brie V Western. SEE ERIE RR Co. 

New York New Haven * Hartford KB. -Own. from Wood- 
lawn. 9. Y.. to Springfield, Ma**.. 122 mile*; branches to New Britain. 
Mlddletown. New Canaan, ate.. 78 mile.; N.Y. Providence * Boston Dl- 
riaioa. New London to Provtaeace. 62 milM. and branches 19mlles; total 
owned. 276 miles, of which 5O mile* ha* four tracks; leases, and for 
the roost part practically own*, line* running to Wlnsted. Conn., 
TBTBet's Falls. MsasVW&llmantlc. Conn., ete . 521 mil*.; also lease* 
Frcvirtca** * Worcester. 48 miles; ha* trackage Into New York. 12 
mile*, and other trackage. 5 mtlM: Old ColonyTwhioh see) 597 miles 
July 1. 1898); total July 1. 1898. 1464 mile*; also controls [oper- 



I separately] New Knglan . RR.. 559 mile*. A sew Station Is 
krdlt la Boston; >** Boston Terminal Co. In "Mlcoellaneons Co*.' 

HUTTOET -A consolidation In 1873 of the New York A New Haven 
Md the New Haven A Hartford. la year* 1892 and 1893 acquired 
eatrol of several eompaales whose bonds are given in table abo 
SeeScrcLBMBirT of Sept.. 1894. See also Old Colony. 

la October, 1*96. a controlling lat*re.t la the stock aad 9S.OOO.OOO 
eonsoU of the Xew England Rauroad had been aoqal red. bat that road 
M operated Independently. Nee V. 63. p. 499. 

Control of the Stamford Street Ry. was acquired In 1895. also the 
*aUr* stock of the Fall River 88. line and 1S.233 oat of 25.OOO share* 

the Providence * Stonlngton 88. 



OB. voted In September. 1898. to wind ap It* batae**-*ee V. ejf.f. 9O. 
teOetober.lSW, control wacaoqolroil of the MerideaBectrieRy. 

CArrTALBTOC*.-8toekMthorUed. 9100.000.000. It may be Issued 
tor rmprovemwau, baring stocks and bond* of leaaed roads, Ac,; 
816.39^,200 will be BMJfin 1 to take op the convertible debenture* IB 



p. 289, 878, 679.1 
wa* Issued, belag c 



Is of this stoek and of 83.247.2OO addll 
eaah In all, are to be **ed to complete 
ete. See V. 80. p. 1105: V. 61. p 509. 



ap the i 

OB Oet. 1. 1895. additional stock 
at par. Pro- 
- C12.750,- 



lag. etc. 

DIVIDBXDO. ) 

Per cent. { 
fc-Th* 



. .,- 

rour-track- 



1878-1898. 
10 yeariy. 



1884. 1886 to Dee.. -96. (InrL) 

9 8 (2 per eent qoar ) 

1893 for 81S.OOO.OUO are ex 




Amount of debenture, ll.ted oaN. Y. Stoek Exchange toOeiober. 181 

816.437.500. See deeeriptloaoa pace 4 SrrrutMBirr of April, 1895 

A loaa of 8,000.000 mate at Boston In 1895 wa* renewed In Ju 



Tberei 

*HM>ftdlM*M 

payable on June 30. 1898, 88, 
LBAUD Lnra STOCK*. Tt 



M Jane 80. 1884. aad the dividends payable th 
the .hares Mac all 8100 each excepting Dan 
art 800 eaeaVTae leasee are tor 99 years. 



an for 99 yean. 

TotaliM*. 
8600.000 
2.998,500 
884.281 
800,000 

1400.000 

447.000 

"'""' iS^S-?g8 

ra. T ^^.*^:.iSs8, 

~*PltUfleld 448.7OO 




toOeiober, 1896, 
"95. 
July, 

ed" the oVMor ntd Colon* 
Meate* aad eertlnate*oT 
RR.. do* la 1899. Loans and bill* 
OOO. again.! S4.650.0OO In 1895. 
of the leased lines uneichanged 
' thereon are shown below, 
bury A Norwalk, which 



Cna- 
rtutnfrd. 
8599.000 
1.426.000 
864.231 
153,600 
315.400 
1,044.900 
97)300 
56.500 
.--I.;.-' 
100400 
193.20O 

11-. J..'. 



Dirifd 

permn. period. 
6 p. e. Q. J. 

4 p. e. A.AO. 
Pay* no dlvld'd. 

5 p. c. J. A J. 

July. 
J. A J. 
J. A J. 
A.AO. 



. 

1 n. c. 
10 p. e. 
4 



0, 

.O. J.AJ. 

t J. A J. 

Q.-J. 



ft) Since April. 1898. pays 4 per cent; formerly 3 p. c. (3) Generally 
81* per centra January and 4 In July. 

LTRT E*B*M<J*, For three months ending Sept. 30: 

3 . Ogaic, Sti. n-k.lnc. Int. 4 I axel. Bal. f,,r <!:<. 

M96 7.H2.03t 2.-.'i.420 $110.02.1 8L563.67O 1. 

-'A 3,298,302 63^45 1.573.334 1.738,513 

AI-I. KiiroRT. Fiscal year cod* Jane SO. Annual roeettnK 1* 
held third Wednesday In October. Report for 1895-96 was In V. 63, p. 
499. Flgun* for 1898-9 s, 1894-95 and 1895 96 Include Old Colony. 



Tr.end.Jtau30. 1896. 



1 886. 
1.447 



1894. 
1,447 



1893. 
848 



Mile* operated.. 1.447 1.447 1,447 -ts 

Groe* earning*.. $30,046,171 827.6O8.0O9 825.281,876 $17,923,068 

Netearnlng* $8,908,945 88.543,981 $7,349.167 $5,517,134 

Other Income.... 1,155.144 528,552 404,489 400,418 

Tot net tnoome810.064.089 $9.072.533 f7.753.656 $5.917.552 

Int. on fund. dbt. $826,091 -$694.548 8464.039 $149,118 

Other Interest... 66O.766 111,983 126,504 167.051 

Rentals 3,418,105 3,322,407 3,379,975 1,757,532 

Taxes 1,492,287 1,464,605 1.4O9.40O 845,858 

Dividend* 8,608,542 8.794,290 3,631.293 2.945,535 

Balance. rarpla*.sur.$58.348 def.$315,3O2df.$1.257,615 $52,463 

-(V. 63. p. 154. 358, 459. 499, 515. S97. 002. 880.) 
New York * Northern. SEK NEW YORK A PUTNAM. 
New York Ontario * Western Ry._ {See ITopJ Operate* 
from Weehawken. oppoMte N. Y. City, to Oswego, on Lake Ontario, In- 
(t See this company.) 

Road Controlled,**. Xilei 

Pecksport Connecting Ry. (all 

owned) 4 

Ontario Carli, A S. (all owned.) 
Hanoock.N.Y.,toScranton,Pa. 54 

Rome A Clinton (leased) 1113 

Total owned 3191 Utlca Clinton A Blng. (leased). 1131 

Traekaat (till 2O79) W. Shore RR.: I Wharton Valley (leased) 7 

C'nwalItoWh t hen(V.61.p.425) 53 I 

Total operated Oct. 1,1896. .481 

OBOAXIZATIO*. The New York A Oswevo Midland was sold In fore- 
closure Nov. 14. 1879. and this company organised. The N. Y. A On- 
tario Land Co. was formed In 1889 In It* Interest and acquired about 
855 acres of coal land on which $600.000 bonds were Issued. See V. 
50, p. 105, and MISCELLANEOUS COJU-AMES. 

STOCK. -Stock 1* 85R.11H.982, (par. 8100), of which 85,000 is old pref 
VOTIXO TBOST. The preferred was originally 82,000,000, but all ex 
cept 85.OOO ha* been exchanged for bouds under act of June 8, 1885 
The exchanged pref erred stock is held alive under a voting trust and 
loot* eight of the thirteen director* nnuer a provision of the " Article* 
of Association." until a dividend shall have been enrnel and paid upon 
the common stoek. The voting trustee* elect director* In the Intercut 
of the common stock. Bee V. 61, p. 425. 426. 



Oswego to Cornwall. N.Y 272 

Branch to New Berlin 22 

do toDeliil 17 

do toEllenvllle 8 



Bonos, ETC. The mortgages cover 819 mile* of road owned, and al 
arh. A Scran. 
umtaUdaHdi 

288. The rtftHUHng mortaaff secure* 8aO.OOO.OOO of 4 p. ots., 
85.500.000 to retire 84.0OO.OOO sixes (paid Sept. 1, '92). 87.0 
retire 85.600,000 oonsol. 5s, balance for Improvements, Ac. 



. . 

re*t) part maturing monthly to April, 1S08. and part 
trust notes to Guaranty Trust Co. of N. Y., payable 
bruary. 1899; loan* and bill* payable were $516,833; 



, 

securities of Oat. Carh. A Scran. Ry., 54 miles, are owned unit pledged 
under the mort. For umtaUdaHdiittrifage of 1889 see abstract V. 49. p. 

.OOO.OOO of 4 p. ots., of which 
87.0OO.OOO to 

retire 85.600,000 oonsol. 5s, balance for Improvements, Ac. The mort. 
cover* all the company's property, real ana personal, acquired and to 
be aeqnlred ; mortirage trustee Is The Mercantile Trust Co. The 5 per 
eent bond* are redeemable In and after 1899 at 105 and accrued In- 
tenwt. See V. 54, p. 444. 683, 721, 954. There are 875,000 Wharton 
VaLguar.5*.duel918. 

CAB TBom. In December. 1896. there were ear trust* for 
(Including Interest) 
being 5 p. c. ear trim' 
quarterly to February. 
loans and bills receivable were 8987,392. 

Ksjumraa. 6 months, . 1896 ....... Gross, 81,847,990; net, $623.076 

July 1 to Nov. 30. $1895 ....... Gross, 1.749,016; net, 682,471 

AIIICCAI. REPORT. Fiscal year ends June 30. Annual meeting last 
Wednesday In September. Report for 1895-96 was given at length In 
V. 63. p. 499. 510: see also editorial, p. 484. Coa< truffle In 1895-96 
was 1,673,8111 tons (out of 2,524,622 tons), against 1,716.991 tons In 
1894-95. 1.642.063 tons In 1893-94, 1.352,225 tons In 1892-93, 1,120,- 
416 In 1891-92. and 81 1.485 In 1890-91. 

Ttar ending June 30. !-:; 1895. I-'l. 

Groa* earnings. ............... 83,779,335 83,669,113 88,842,119 

Operaff expense* and taxes. 2.698,558 2,642,412 2,732,540 

Balance, net earnlnirs 81,080,777 
Tot. net Income, incl. "other." $1,102,242 
Interest on mortgage bonds . . 6O5.OOO 
Mlscell. Interact and discount 371 

Rentalspald .................. 181,302 

Balance, surplus .............. $375,569 $326,383 J419.586 

(V. 62, p. 320, 590,909, 95O; V. 63, p. 206, 260, 484, 498, 510,880.) 

New York V Pennsylvania RR. Oswnyo, Pa., to Rexville. 

. Y.. -j^ mil,.- >-\tenlon to Canlsteo. 14 miles, comjiletexl In Novem- 
>0; total. 42 mllnn. From Canlsten will reach Hornellsvllle over 
Krie RR. Stock, $50O,OOO (par, $1OO). See V. 62, p. 1178. 

New York Penneylranla & Ohio. See NYPANO RR. 

Per York Philadelphia tc Norfolk. Operates from Delmar 
>el.. to Cape Charles, Va., 95 miles, and Kinit'H Creek, Md., to Crisfleld. 
17 mile*. Under a traffic contract, which expired In 1894. the Pnn 



81,026,701 
$1," 



101,791 
589,000 
5.T5 
181,133 



81,109,579 



184,688 

5fi!),042 
13.S75 
182,186 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 




JASVARY, 16V7.J 



KAILROAD STOCKS AND BONDS. 



99 



KnbMTlber* trill confer a it real favor by giving Immediate notice of any error discovered In tneae Table*. 



RAILROADS. 



Mile* Date Size, or 



Amount 



INTEREST OR DIVIDENDS. 



Ifcr explanation of column heeding*, Ac., see note* of of Par o ~j "?,' Rate per 
on urt page of table. Road. Bonds Value outstanding Cen 



gol, non-cum., . per me.r 
g. Y. A No. lt mortgage. gold.c 
n., 96,900,000, g., rn. p.*l. end..o' 
.-lt M.. $1,000,000, gold. gu..e* 



f.T. PkiU.4 Norfoue UtM., $16,500 p. m., gold.o- 
Income mort, gold, non-cum., $10,000 per mile . r 
JT. r. <* P*t*am.-S. Y. ' 

N.Y.AP. Uteon. 
JT. T. 4 tiork. *.. .. TL. 

Inoeme bond*. non-enmnlarlve r 

JT. r. AuowAaHMd 4 re*/. Pref. stock (See text) 

Midland RR. of N.J. lt mortgage, gold o' 

Peterson Extension RR. 1st M., real estate, g..e* 

IT. Y.Bna.AW.l*tM.,rafdg.g.(2dM on 73m.). o- 

3d mort. (91.000,000 gold) 3d M. on 73 miles. c- 

Debenture bond* 

General mortgage for $3,000,000. gold c- 

Collateral truat bond*, subject to call, cur 

Tormina: lit mort for 92.OOO.OOO. gold. c'*r 

Wllke.b. A Kasfn, 1st M.. gold, gu. p. A 1. (end-)e' 



112 1883 

112 1883 

57 1887 

57 1894 

.... 1887 

.... 1887 



72 1880 
1 1881 
134 1887 
134 1887 
.... 1882 
134 1890 
1896 
1893 
1891 



$1.000 
l.OOO 
1,000 
1,000 
1,000 
1,000 

100 



"65 



JT. r.ltoe*Jf.-l*t.M...,8orjru.by8o.PBe.e- 91 

torfoUc A GeroM**- lt M. for $1,5OO,OOO. gold c' 110 

2d mortgage. $500.000. gold e 1 1O2 

Ver/M* 4 eUn-Capttal rtook 1O4 

Xorfotle Va. B^aek 4 So.^Ut M., .old. red.' at' 1O5 . 18 
JTerfWJkrf Vtemm SBCCUTiBa RXTIKID BT RBOBOAXU 

Btoek (960.000.0001* preferred) 

Adhietnient mort., gold (red. Oot.'94at IIP). ..a- 588 
Clinch VaLD.l st M..Graham to Norton A bre.^.e* 1OS 

100- vear mortgage. 945,000.000. gold e* 936 

Mori A Weet-l*t MTMaryland A Waah wir.jie- 257 

Debenture* for dividend (subject to call) 

Equipment M., 1O-2O*. (..di'natlOOaft.Mar.tiS 
te.3l.f- 



. 
1,000 

1,000 

1.000 
5OO 
1.000 
l.OOO 
1.000AC 
1,000 



1882 A 4 
1889 l.OOO 
1896 1,000 

100 

1891 1.000 
1896 500 Ac. 

AT1ON. 

100 



. . 

Oar traela,leeae warrant*, principal Dee.3 1/95 
Eqoln. tru*ta.>uar. by RR. Equlpm't Co.. g.. 



1887 1 1,000 
1889 100 Ac. 

1891 500 Ac. 
1893 500 

1888 1.000 
87-"94 Variou* 

1892 1.000 



$1,848,000 
1,000,000 
1,200,000 
4.025.OOO 

984.00O 

l.OOO.OOO 

13^04.100 

3,5OO,OOO 

360,000 
3,750,000 

453.5OO 

93JMO 

2.300,000 

419,000 
2,000,000 
3. OOO.OOO 

333,700 
1.457,500 
1.320.000 

300,000 
2,000,000 

750,000 

500,000 

59363.400 
1.500,000 
2,500.000 

15.065,000 
7 O5O.OOO 
430:000 ' 
4.114,000 

563.000 



i"' 



s,.,. 



2*- 
ft 
J 1 * 



* 

Hi 

See t.-\I 

if: 



I- 

5g. 

1* 

5g. 



5 g. 



Bojwte-Prlncl- 
pal, When Dne. 



When Where payable, and by Stocks Last 



Payable whom. 



Dividend. 



J. A J. 
J. A J. 
A. A O. 
A. A 0. 
M. A 8. 
Jan. 1 
Various 
A. A O. 
J. A D. 
J. A J. 
F. A A. 
F. A A. 
F. A A. 
M. A N. 
U. A N. 
J. A D. 

A."A"O. 

A O. 
J. A J. 

0,-J. 
M. A N. 
11. A S. 



Phila., Cassatt A Co. 



New York City. 
N.Y., Or. Cent Station. 
N. Y., Oorbln Bank's Co. 

None paid. 
N.Y.,Of. 26Cortlandtst 



do 
do 
do 
do 
do 
do 
do 
do 
do 



do 
do 
do 
do 
do 
do 
do 
do 
do 



Jan. 1, 
Oft. 1. 
Oct 1, 
Oct. 1, 
Sept 1, 
Sept 1, 
Nov. 27, 
Apr. 1, 
June 1, 
Jan, 1, 
Feb. 1. 
Aug. I, 
AUK. 1, 
May 1, 
May 1, 
June 1, 



1923 
1933 
1927 
1993 
1937 
1927 
1893 
1910 
1910 
1937 
ii:<7 
1897 
1H40 
1905 
1943 
1942 



N.Y..8.Pao.Co.: London. Apr. 1, 1913 
N. Y.. Central Trust Co., Apr. 1, 1939 
Balt.SafeDep. ATr.Co. Jan. 1, 1946 
N. Y., Atlantic Tr. Co.'Jan.ll,'97,l% 
do do May 1, 194) 

N. Y., Guaranty Tr. Co. Sept 1, 1916 



M. Deo.,'94, coup, last pd. Deo. 1, 1924 

A 8.,8ept.'94, ooup. last pd. June 1. 1957 

J. A J. Jan., '95, ooup. last pd. Jan. 1, 199O 

J. A J. Jan., '95. coup, last pd. Jan. 1, 1941 

A. A O. Cp*. toMch.,'95.purch. Oct 1, 1912 

J. A D. Deo., '94, ooup. last pd. June 1, 1908 
N. Y. Mer. Tr. Co. A Phil. 



Apr'97-Oct.'Oa 



ML Co. purchased a portion of the coupons, 
faying lie own interact, beginning with July 1, 1* 
twOoairy mortgage for 9225.000 due Jan. 1.1895. 
yaymentof 91U.OOO; balanoe due. $60,000. On J 
i lor $130.000; 4 p. c. e. 
and current Uabultic*. 




The company I* now 
1893. A nix per cent 
~ was reduced by the 
Jan. 1, 1895, there 
ear tru.U, 95O.OOO; 
Including $1.004,- 
-.91.151.354. 



Tear 
Doe. 31. 



New Vork * Pnlnam.-Own* from 155th 

I. T. City (tormina* Manhattan Elevated). h atoewetera. >. Y., 54 mile.-; 
Tonka*, m.; 

r to th IT. T. A 1 



net, 9201, 914 
Bet, 198348 
,737; net. 194)247 

and 8th Ave. 
f. Y.. 54 mllei 
4 m.; total. 61 mile*. 



T.-Bn or to the N. Y. A Northern, *o! 

af 3d ort Dee. 28. 1998. and pttrehaeed for W. T, 
Wver RK.. whleh operate* It under leae. T. ! 
f the foreetoewe ato, w* T. 63. p. 754. 1159 



....,! ,.,-!. - tftM *J irr 
T. Central A Hndeon 
.59.0. 127. A* to legality 
and article on page 820. 



Sroct-Capltal tloek U 96.JOO.OOO ; par. 9100. 

BoD*,-Tne H. Y. Ontral guarantee* 93.OOO.OOO of new eonML mart- 
care bond., of which $l.ooo.ooO wen raeerved for Improvement* : aUo 
fl.JOO.000 to retire at maturity the Ont 5a.-( V. 63. p. 754. iw, 1 159.) 



| 




rplu..91Ml. In 



_ nrtntadon ant mart- 

For year ending June *>. 18JM. groav 9SM.137; net, 
98.700; Intarat on bonii. 949.3OO; balanoe, 
1994-M fro*a,98913W; deficit ft 



. ,- , . . ,. r- 



tan.919^41. In year 189446 groM. 9CiS13flO; deceit from 
t Oarn azpeiuei for hnprovenenU belni charged agalnot 
.99^33. (T. $l,p.4w7ll55; V63, p. 8l.) 

Kew York MaM|urhanaa * W>t-rn. / JfM Oorte 
net line from WUkeebarre and the Wyoming Valley eoaTfleld. to Jer- 
tey City oppoatte New York City, with branehea. a total of 235 mllec 



f(/W. 
Jeney City to Oravel PI.. Pa 1O1 

(Doable track 19 mUea.) 
Two bridge*, N.J..toUnhmTUla 31 
Other branehe* . 17 



lea***,***. 

own Un. A Wi 

WUkeebarre *V Caetei 

Wllkmbarre to Stroudsburg. 
Trackage, etc 



aterOapl 14 



65 
9 



(1*ee tal. eo.i Jane 80. 1896. 



mile*, and eonneet 



Coonwtlng wae erganlaed In 1897 to build about 22 
M$wtth WUkeeb. A Kaefn at Wlnton. (V. 64, p. 181.) 



. of the Midland of New Jereer 
r RR. 



. with the Hodeon River 



garroBT.-CnniitHetlan In Jne, 1991. o 
and other railroad* and on April 25. 1893. 

A Terminal Co. The Wllkeebarro A BnoMn. completed In 1894. and 
of (took, aabrds Independent aoeee* to the 
-J* Mow York A WUkeebarre Coal Oo. wee 
In It* Interest In 1993 to acquire coal land* and lowed $450.- 
OOof 6 prr rent l*t mortgage bond*. The . Y. 8. A W. Coal Oo. In 
or., 189*Tnad ouutandhaf nnl 6* due 1912. M. A 8.. for 949&AOO 
ad id mtg. 5e lev 9Mo,OOft the latter bond* are pledged under the 



to 1995 there were Important Ihniiri In the directory and Amo* L. 
Ropkla* wae made Preafaeat. The aoattnc debt wae 
of, (V. 90. p. 874. 1010. 100*. aad 



Director*" below. 



then taken care 



9TOCK.-Aothorlied new preferred. 913.00O.OOO; new common. $13,- 
OOO.OOO ; oautanding. preferred, aee table ; common. $13.259,200., 

N .!.. 



Di vi once. 
On pref., p. et 

Boa-oe. The I 
Of thOM 



: 



NOT.. 1891,101893. 

Je yearly. 

lofrv/W 



Una mtorlffaf* bond* U limited to $3,750.- 
re Be. bond* are reserved to retire the 

. , denentureo*. see mortgage abstract. V. 

53, p. 84. The aaaeitif* are exchangeable for atntmlt on payment of 
999 per bond. On N. Y. Stock Exchange 92.3OO.OOO generals bad 
been Kited to Jaanary. 1897. 

' Ml bonds lilted In Sept . 1 893. (U. 8. Trust Co. . trustee) are 
flrt mortgage on the extensive terminal property obtained 
Ifudeon River RR. A Terminal Co. and on all Improvement* 
to be made thereon. They thus cover 3 mile* of road, of which about 
third I* n double-track tunnel unlrr the Palisade., completed In 
. 1894 800 V. M, p. 866). and 63 acre* of terminal property on the 
Bt.N.Y.CIty. Seeabstractof mort. V.57.p.512. 
1st 5* (Guaranty Trust Co.. formerly N. Y. 



O. A L On., traeteo) are nnooadttionallv gnaraatoed.-V. 6O, p. 481. 

The New Jeney Midland junior securities are exchangeable Into 
took of tale company on certain terms, and have mostly been so 
Oiflftaoged. Palerson extension 9* for 925.0OO. Included In table, are 
held by sinking fnad trustee*. There are also outstanding $7O,OOO 
Paeaele A N. Y. RR.ee. due 1910 (Int J A D), Interact on which Is guar- 
anteed under 999-year lee**. 



GBITCBAL FiSAifCBS. In July, 1895, a oar trust for $366,308 was 
made to the RK. Equipment Co.. payable $4,361 monthly for 7 years; 
outetandlnc a* In table. In 1895 {tie ten-year collateral trust mortgage 
for 95OO.OOO waa U*ued to pay off Hotttlni; debt. Of these bond* 
984,000 had been retired by linking fund to Dec. 1. 1896. 

EABXINOB. 5 month*. ) 1896,... Grow, $1,035,906; net $46!>,032 
July 1 to Nov. 30. $1895 Gross. 992.728; net, 422.U92 

AiorUAL HtroKT. Report for 1895-96, in V. 63, p. 398, showed on 
I.',' ,,,,1,-i: 

1895-96. 1894-95. 1893-94. 

fiftal gemr **d* June 3O. (12 UM.) (12nw.) (13 m.) 

Oroee earning*. 91.836.799 $1,753,353 $2.088.141 

Netearnlng* 8O6.943 586.847 903.719 

Other Income '58,083 VJ7 27.499 



Total 

Interact on bond*. 



Taiea..... 



MMM 

669,618 
26.703 
50.096 



9610.374 

994, ' 

-H.703 
47.409 



#1)31.218 
$587,992 
B0.9M 

39,549 
76,777 

..ur.$90^12 ldL$141,376 ur.$195.95O 

Norm. Other Inoome In 1895-96 Include* $33,951 from Interest n 
bond* owned. $15,085 tale of old material and $7.O14 from rnnU, etc. 

I Thl* dettrlt U attributed to the partial luspenslon of ooal transpor - 
tatlon during the month* of June. July. August and September. 1894, 
which showed a net loe* over previous year of $151,859. 

THE 8 TBTBII. Earning* for the whole system, 225 miles, were : 

In 1895-6 groea 92.217,696 I Net Inoome $1,005,191 

Net 948,737 Fixed charge* 925,938 

Other Inoome 56,454 I Balanoe. surplus 79,253 

DIBBCTOBB. (Re-eloeted Bent., 1890.) President Amos L. Hopkins, 
Simon Borg, II. O. Armour. Thoe. A. Malntyre, O. O. Cuyler, G. A. Ho- 
bart, Henry Santera. Roewoll Eldridge. H. B. Plant Gustav E. Kissel, 
G. W. Young, C. J. Lawrence, W. L. Bull.-(V. 63, p. 398, 4O2, 1010, 
1159; V. 64. p. 181.) 

New * ork Tex a* A .tlexlran. Own* from Kosenberg to Victoria, 
azae.91 mllea. Block, 963O.04O, of which S.mt i-rn PaolHo Company 
m* $608,000. There are also 96O.5OO old *lxes outstanding Oper- 
ated by the Southern Pact He Co.. which guarantee* the 4 p.o. bonds. On 



ted by t 
ane 30. 



1893. loan* and bill, payable. 9600,276. 



th*. > 1896 ....... Qroe*. $259,462; net, $118.288 

Jan. 1 to Nov. 30. (1895 ....... Groat, 315,674; net, 71.943 

In 189S gro**, 9235,192; net, 977.657; deficit under taxe* and 
ern Pacific 



charge*. 939,048. 



Southern 



fic Co., Jan. 1, 1896, 9630.670. 



Norfolk * ftoathern RR.-Own* Berkelv. V*,. to Edenton, N. C., 



73 mile*: (ferry aero** Albemarle Mound to Uackey's Ferry, 9 tulle*;) 
thence road to Belle Haven, 3O mile* ; total main line, 103 mile*. 

HISTOKT. Suooewtor to Norfolk Southern, foreclosed April 29. 1891. 

DIVIDBKO*. Paid ant dividends In 1892. 2 p. a.: In 1893. 4 p. o.; In 
1894. 4 p. o.; In 1895. 4 p. c.; In 1896. 4 p. c.; In 1897, Jan., 1 p. c. 

RcroBT. Fiscal year end* June 30. Report 1895-96 In V. 63, p. 6OO. 
Orow. Net OtMr Inc. Okargrt Sur.tordit. 

1895-6 $453,442 9131.2O8 95.181 '$10.9*5 $95.4O4 

1894-5 436.595 154.629 2.O42 '57.O78 99,593 

' Improvement* $2.0O3 In 1895-6 and $19,971 In 1894-5. 
Dividend* amounting to 980,000 (I p. o.) ware paid lu each of the 
iscal yean above given. (V. 63. p. 6OO.) 

Norfolk Virginia Beach * Southern RK. Norfolk to Vir- 
ginia Beach. Va.. 18 miles. Owns Prince** Anne Hotel and 1.300 acre* 
of land at Virginia Beach. A reorganization of the Norfolk Albomarle 
A Atlantic RK.. foreclosed In 1490. See V. 62, p. 9O9 and 1178. Stock, 
$1,000.000. Pint mortKage I* for 950O.OOO; trustee. Guaranty Truit 
Company. N. Y. Alfred Skitt. New York. President; J. CarstenMii. 
Secretary and Treasurer. V. 63, p. 459. 

Norfolk A Western By. This system consist* of the following : 



JHto* 

Roanoke to Winston. 124 

Sundry branches 131 

Total of all Oot 1. 1896...1.57O 
Dottbletraok 49 



H.H1.I ,,:r,:r.l_ JfUtt. 

Worfolk. Va.. tn Columbus, O..710 
Radford, Va., to Bristol, Tenn. 107 
Roanoke, Va., to Hagerstown.238 

Oraham to Norton 100 

Nor. Car. June, to Iron Ridge. 45 
Lynchburg to Durham. N.C.. 115 

OBOANIZATION This Railway rompany on Oct 1. 18!>t, succeeded to 
the property and franchise of the Norfolk tt Wntrn RR. sold In fore- 
closure nmW the li>O-year and Marylnml & Washington clivlslon 
morticagf * and of the I yotrh'nirif A Durh.im R><. foreclosed under Ito 
Hrst inortgaKe. and subsequently also of the Roanoke A Southern fore 
cloned Nov. 24. 1890. and merged In N. A W. The reorganization plnit 
was In V. 62, p. 641. The old stock paid an assessment of $12 SO 
per share, the old common receiving 75 per cent and the old preferred 
112 Hi per cent In new common stock. The new preferred was Issued 



100 



INVESTORS' SUPPLEMENT. 



[Vou LX1V. 




JANUARY, IbVT.J 



KA1LKOAD STOCKS AND BONDS. 



SubM-rlbem will confer great favor by giving Immediate notice of any error discovered In there Tallinn 



RAILROADS 



For explanation of column headings, ice., see notes 
on Urn page of tables. 



Xorfolk f Wetter* (Concltuttd.) 

Equip, truitt of 1893. gold, not subject to call. *o 
Roanoke A So. lstM.,g..$15,OOOp. m.,gu.p.At.c* 

Equip, trust. B21O.OOO, guar. p.Al. by N. A W.c- 
Lynehburg A Durham bonds, guar. see that Co. 

BE< i kiTiis UNDISTCBBED Br REOKOA.MZATIO N, 
Norf k A Petersb'g 2dM. (BOW 1st) Nor. to Pefg.e 
tenth Stde-Consol. mort.. 1st pref., extended, .c 

Oonsol. M. 2d pref.. gold, extended o 

ConsoL 3d pref.. Petersburg to Lvnoh. A tar's. . e 

do do old 6s, extended Jan. 1, 1 896. 

do old 6s, extended Jan. 1. 1897. 

Virginia A Tenn. Pref. stock, lien on 214 miles... 

Enlarged M. (extend In. 1884) o 

4th M.. now 2d, Lynehb'g to Bristol and br'ch. .0 
orf . A Weet.Oen.M. JtortoDt to BrlstoLeto. gold, c* 

Hew River division 1st mortgage, gold. e* 

Improvement A Extension Mortgage, gold...c* 
Moto Valley A New England. lstM.,assum..g.c- 
CoL Con. * Term. 1st M.. gold. gu. p. A I. (end.)c* 

HEW sacrBrrn* To BE ISSUED n ~ 

Common stock, $66,000.000 

Adtnstawnt prefT4 p c. uon.'cumV$24.5OO,OOO.. 
First consolidated mortgage securing: (Prior Lie 

Prior llea bonds. $3.5OO.OOO, gold. red. at 1O5. 

~ st consols, $62,000,000. gold. c'.tr 



122 



81 
133 
133 
133 
133 
133 
314 
214 
214 
428 
160 
.-,-- 

3i 



REOBOAKIZ ATIOX. 




by 91.aOO.OOO stock 



Miles 

of 
Road. 



. 

Ma 

-;:. 

tm 

76 
91 
86 
M 
86 



Date 

of 
Bonds 



Size, or 

Par 
Value. 



1893 
1892 
1891 



1868 
1868 
1868 
L868 
L8M 
1868 

1854 
1866 
1 1 
1889 



L8M 

1892 



stobe 
IBM 
1896 

1881 
1892 

1866 
1871 

1881 



$1,000 
1,000 
1,000 



1,000 
l.OOO 

100 Ac. 

100 Ac. 
l.OOO 
1,000 

i'.obo 
1,000 

1,000 

1,000 

1,000 

1,000 

500 

100 
100 



5OO Ac, 
100 

1.INKI 

1,000 

so 

500 Ac. 



Amount 

Outstanding 



$584,000 

2.O41.OOO 

75,000 



496,000 

290,000 

270,500 

252,800 

100,000 

100,000 

10,900 

980,000 

1,000,000 

7,283,000 

2,000,000 

5,000,000 

5,000.000 

600,000 

66,000.000 

LM.IHMI.IHNI 

only If neoes 



322. 



23,322.675 
4,000.000 
590.OOO 
908,000 
4,720,750 
1.500,000 
4.500,000 

l.'JIHI.IMN) 



INTEREST OR DIVIDENDS. 



Rate per When Where Pavable, and by 



Cent 



58- 



5 

5 A 6 

5g.A6g. 

6 

5 

5 

I 8 ' 
8 

i* 

4 6 !: 

5 g. 



Q.-J. 
M. A 8. 
J. A D. 



sary). 



-i I..T . 

7 
6 



Payable 



A J. 

A J. 

A J. 

A J. 

A J. 

A J. 



J. A J 

J. A J. 

M. A N. 

A. A O. 

F. A A. 

M. A N. 

J. A J. 



Whom. 



Bonds Prlncl 

pal, When Due. 

Stocks Last 

Dividend. 



Ops. to Mou. .'95. purch. 
Deo.,'94,oonp.last paid. 



N.Y.,Merc.Tr.Co.APhil. 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



Ap.'97-Jan.'03 

Men. 1, 1922 

June, '95-1901 



July 1, 1900 
July 1, 1900 
July 1. 1900 
Jan. '98-190O 
July 1, 1900 
July 1, 19OO 



See text. 

N. Y.,Mer. Tr.Co. A Phil. 
N. Y., AtLTr. APhlla. 



New York, etc. 
A. A O. 1st coup, due Apr. 1, '97 
F.AA./0 Burlington. N. C. 
M. A N. Ban Fran., Co.'s Office. 
J. A J. do do 

O. F. Phila. Of., 240 So. 3d St. 
M. A N. do do 

J. A J. do do 

M. A 8. do do 



June 30, 1900 
Men. 1, 1900 
May 1, 1931 
Apr. 1, 1933 
Feb. 1, 1934 
Nov. 1. 1989 
Jan. 1, 1922 



1946 
Oct. 1, 1996 

Feb., '97, 3 ^ % 
Nov. 1, 1901 
Jan. 1. 1912 

Nov.25,'96,5% 
May 1, 1936 
Jan. 1, 1903 
Sept. 1. 1900 



to old bondholders. 

The Norfolk * Western XR. was a reorganization In 1881 after fore- 
closure sale of the Atlantic Mississippi A Ohio, which In turn was i 
nsoUdadon of Norfolk A Petersburg, tenth Side and Va. A Tenn. roads 
STOCK. The new stock will be: 

- -w* $66.000,000 

Pttftntd Stork. 4 p. c. non-cumulative, with 
' tnd dividends, and with right dur- 
t two- tklrdsof the directors unless 



4 D. 6. HOI 

> as io assets and dividends, and with right dur- 
to elect two- tklrdsoi the directors unless 
three full yearly dividends are paid. No additional mort. 



Hi/tlr'--- . 



trrt fl ve j ears to e 



. 
can be created Without consent of two-thirds Interest. . . . 23.000,000 

And If necessary to liquidate collateral loaas an additional 1.5OO.OOO 
Bosun. The new bonds anthorlxed are : 
frtor Lit* 50-year gold bonds, subject to call at 10S. to be 
Issued only If necessary ....................... ............. $3,500,000 

nrti Oewssl. Jf70sM 4*. doe 1996. bearing Interest from 
Oct. 1.1896 (see description of security below) ........... 62.500.000 

Of which for old bond* disturbed ......................... 23.322,675 

Beserrrd for $23.386%300 undisturbed bonds ............ 20,986.889 

Reserved for existing obligations, or to retire Prior 
Lien bond* If tnsued ................................ 3.5OO.OOO 

For new construction, acquisitions and Improvement* 
Bot exceeding 1.000.000 yearly ........................ 9.690.436 

Hew securities will be ready early In February. 1807. 
The ntte 4 per eml fin! co*toli ar (subject to the small amount of 
Prior Lien Bonds which may be Issued only In ease of urgency) a 
Ant mortgage on a large part of the system, viz., upon 845 miles of 
. -on Important terminals at Norfolk and Lamberts Point; 

BPOB the Ohio Rlier Bridge aad the Roanoke Machine Work.: besldee 
being B consolidated mortgage upon the remainder of the ST .tern. sub- 
IBM to the undisturbed liens. Ther are further secured by the 
t over $1 1.000.000. covered by the Oar 
' up under ike plan. the Pri 
1O5 b 



?Usued*wtU be "retired at 



1 Brst consols at or above 95. 



plan. he Prior 
y sale whenever possible 



Undisturbed bonds which cannot be 

Bsa up at maturity on satisfactory terms by use of the consols re- 
served for that purpose may be extended or renewed. 

As to Jt4tt Tf&rg m gtm Jhtflmttd mortgage see Scrruuiavr of 
January, 1894. 

OBXEHAI Fiicrj.-The reorganization reduced the nxed charges 
from $3.214.037 to $2.230,444 per annum, a reduction of $983.593: 
liquid. te.l the Boating ebt and takes ap the car trusts. The annual 
charges ahead of the new inmmia stook are smaller than those ahead 
of the old preferred stock. Of the company's truffle In 1890 00 per 
cent (3.574.586 tons) was bituminous coal and coke, 

AirecAL RBroBT Fiscal year end* Jane 30. Annual meeting Is 
heWat Roanoke, Va., on second Thursday In October. Report of old 
empanyforl895wasglvenln V. 62. p. 905. KaroUgs In 1896 were: 

Ttmrt tut. Dte. 31- 1 : I-.'. I8M 

miles operated. 1,570. 1,570 I..-.TM 

, . . .JW BAR < M9T.977 1,522,134 

mn7 \ mK? ?7S9634 8^02,750 

.Ac I w ^.** C 467,726 itfl.nnfl 



L8M 

'..-; 

1,721,194 
:.-- 1.778 

...7...M 




11.058.843 9,682.087 10,340.452 10,032.618 

2.324^34 2.138.451 2.646^47 3,833,158 

5,867 36.339 135,585 141.188 



Bal. for Int. A rentals. 2,330301 2,174.690 2.782,132 2.074346 
Orrirr*'. President. Henry Kink: Chairman of the Board of Di- 
rector.. F. J. Klmliall. 27 William Street. Hew York; Secretary. A. J. 
BemphlH: Treasurer. W. O. MscdoweU. 

x.-V. 63, p. 76. 116, 154. 189. 311, 004, 060, 6O2, 602, 704, 880, 
v68, 1O10. 

Norfolk A Western KR. This property was sold In foreclosure 
Sept. !.\ 189. and on October 1 was turned over to the Norfolk A 
Western *., which see above. 

Kxtkange of 9rrvrilitt.T\> securities disturbed In the reorganiza- 
tion If properly deposited with the Mercantile Trust Co. receive: 

Itlcontol. Prefd Cont'n 

fMtturtm ftfuHHtf- Catk. Jl.bondf. Hoc*. itotk 

I Mort. 7 per cent bonds.. 7% 13OS 




* Washington Dtv. bonds. 



Vsller Dlv. bonds. 
Mo 



tori. bond, of 1888 

r Osat debeatarse of 1893. . . 
i * Southern Rv. Co. bonds 
ehbnrgA IXirham RR. Co. bonds . 
Jf. A W RTtCo. eommon stock... 1 On 
H. A W. RR. oo. preferred stock.. I of $ 
LrnrtiMirx* Durham KRCo.stock f per share 
Bo anoke A Bon them Ry . Co stock I d'poolted, 

North Carells 



50 
10O 



pay't 
12-50 



05 

i 



Hock. 

75 
67 
70 
48 
100 
65 
60 



79% 



75 
70 

KK.-Owns from Ooldsboro to Charlotte, No. 
LsasU treat Jan. 1, 1896, to the Southern Ry. Co. 



for 99 rears at $266,000 (6>i p. o. on stock) per year till Deo. 31, 1901, 
and *'J8O,000 (equal to 7 p. a. on stock) balance of lease; also taxes. 
V. 63, p. 361. Of the 11001 the State of North Carolina hnlda $3,OOO.- 
OOO. The Southern Ry. has net aside $4,OOO.OOO of its new consols to 
be used. If desired, to acquire a like amount of North Carolina stock. 
Dividends, 1896, 6>a p. c.: in 1897, Feb.. 3** p. o. was paid, and 3 p. o. 
has been declared payable In August. (V. 56, p. 878; V. 61, p. 152, 
196, 325,517, 1155; V. 62, p. 457;V. 63, p. 361.) 

North Pennsylvania. Owns from Philadelphia, Pa., to Beth 
lAhem, Pa., 56 miles; branches to Delaware River, Ac.. 30 miles 
Ground rents and mortgages July 1, 1893. $458,128. Leased for 990 
rears from May 1. 1879, to Phila. A Reading at 8 per cent on stock. 
The old 2d mortgage (now a ttrst mortgage) 7s due May 1, 1896, were 
were refunded for forty yean at 4 per cent. (V. 62, p. 462, 870.) 

North-Bast Pennsylvania. Owns road from Olenslde to New 
Hope, Pa,, 26 miles. Controlled by P. A R Capital stock, $400,000, 
of which $312,600 owned by Phil. A Read. Is deposited under its coll. 
trust deed of 1892. 

\<>ritieaiern RR. of Oeorela. Road from Athens to Lola 
Oa., 39 miles. Opened In 1876. Sold in April, 1895. and purchased by 
the State, which leased It In May, 189(1, to E. A. Richard A Co. for 
$18,6OO yearly. V. 63, p. 9O9. In July, 1896. the Tennessee Georgia 
A Alabama Ry. Co. (which see) was organized to extend it to Augusta, 
Cia., and Chattanooga. Tenn., 243 miles In nil. V. 63, p. 78. State 
Legislature has authorized the sale of the road; no date fixed. 

EAEJewog.- Year ending June 30, 1896. gross. $68,591 ; net,$17,174. 
In 1891-95 gross, $57,505; net, $13,633.-V. 63, p. 78, 1C40. 

North-Kasiern Kit. (8. C.) Owns from Charleston, 8. C., to Flor- 
ence, H. C., 102 miles: leases Jointly. Lane, 8. C., to Buiuter, 8. C., 40 
miles; total operated, 142 miles. Of consolidated mort. $1,142,OOOWM 
held to retire debts of prior lien. In 1895 Charleston A Northern 4 per 
cwnt bonds for $236,000 were guaranteed principal and Interest. V. 
61, n. 1105. Stock. $900.000; par. $50. Dividends from 1888 to Jan.. 
1895,6 p.e. yearly; In July. 1895. none; In 1896, July, 3 P.O.; In 1897, 
Jan., 3 p. c. 

RErorr Report for year ending June 30. 1895, was In V. 
61, p. 1 105, with balance sheet. Earnlngx have been as follows: 

13 mont/u. Gross. .NX. 0<Aer inr. Int.. ete. Bal.fordlv. 

1805-96 $530,760 $164,413 $36,163 $135,320 $65,356 

1894-90 020,401 1O7.6O6 30,617 133,000 .VJJii 

1893-94 562,363 133,425 36,155 136,914 32,666 

Dividends for 1895-0 were $27,000, leaving bal.. surplus, $38.396. 
Mvl.lcnd of $37,000 was paid In 1894-5, leaving deficit for year 
$21777. In 1893-94 dividends were $04,000; bal., deficit, $21,334. 
-(V. 57, p. 1088; V, 61, p. 1 105.) 

Northern Alabama Ry. ROAD Sheffield to Parrlsh, Ala., and 
branch. 1O7 miles. A reorganization of the B!rmliii;bam Sheffield A 
Tennessee River Ry.. sold In foreclosure Sept. 16, 1895. STOCK 
<2,OOO,000; par$100. MoiiroAOK trustee Is Knickerbocker Trust Co.; 
the bonds unissued may be sold at not exceeding #15,OOO per mile for 
extensions. ExHHnxjn In year 1894-95 gross, $120,200 ; net, $12,002; 
1893-94 gross. $100,354, against $233,891 In 1892-93; net, 2,486. 
against $58.379. Fiscal agents, J. Kennedy Tod A Co.. 45 Wall Street, 
New York. (V. 56, p. 1014; V. 61, p. 26, 111. 516, 829.) 

Northern (New Hampshire), Owns from Concord, N. H.. to 
West Lebanon, N. II.. 70 miles; branch to Bristol. N. H., 13 m; total, 
83 miles. Lease to Boston A Lowell for 99 years from Jan. 1, 1890, was 
assigned to Boston A Maine, rental being 5 per cent on stock till July 1 . 
1897, and 6 per cent thereafter, payable in gold. In addition to the 5 
per cent dividends provided for by the lease, an extra 1 per cent per 
annum was paid regularly from the contingent fund to 1893-94. when 
5 p. c. extra was paid : In 1896, July, 2 p. o. extra. Contingent fund 

Rental from B. A M. year end- 



April 30. 1896, amounted to $176,887. 
Ing April 30, 1896, $153.420. 



Northern California. Owns from Knight's Landing to Orovllle, 
Cal., 54 miles. Leased to Southern Pacific Co.. which owns $1,277.500 
of the $1,280,OOO stock ; par, $10O. This Is not the Northern Railway 
of California eee that company. In 1895 gross, $140,935 : net, $30,- 
369. Deficit under taxes and charges, $34,087. payable by So. Pao. Co. 
In 1894 gross earnings were $172,183; net, $59,018. 

Northern Central. Owns from Baltimore, Md., to Sunbury, Pa., 
139 miles, of which 1 17 miles double track branch, 9 miles: leases 
Bhamokln Valley A Pottsvllle Railroad, 28 miles ; Elmlra A Williams- 
port Railroad. 78 miles ; operates at cost Elmlra A Lake Ontario Rall- 

r.i.i.], KMI mill-: l.vki-n- Y.,;:.-y K.illinail. 'JO uillc-i; IVnliM.vlv.-iliU 
tlallroad, 3 miles; total operated. 377 miles. Also uses New York 
Lake Erie A Western tracks, 7 miles, and Philadelphia A Brie tracks 
between Sunbury and Lewlsport, 40 m., and owns Union RR., 9 miles, 

OiOAinZATloN. This was a consolidation of several roads In 1854. 
Controlled by the Pennsylvania RR., which owns $3,488,950 stock. 

SECURITIES OWJIED On Jan. 1, 1896, among the assets held were 
Bait A Potomac stock (par) of $622,850; Elmlra A Lake Ontario stock 
(all), $1,5OO,OOO; Mhnmokln Valley A Pottsville stock, $619,650; Union 
KK. Htoi-k, *7i>n.iMl ilh.- haUnM "f s-.00.lino I,,.,,,- ti.-M l.y 1'lnU. 



109 



INVESTORS' SUPPLEMENT. 



|VOL. LXIV- 




.UNCART, 1897.] 



RAILROAD STOCKS AND BONDS. 




INVESTORS' SUPPLEMENT. 



[VOL. LX1V, 




RAILROADS. 


Mile* 
of 
Road. 


Date 
of 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


pal, When Due. 
Stocks Last 
Dividend. 


For explanation of column heading*, Ao., *ee note* 
on first page of table*. 


Rate per 
Cent 


When 
Payable 


Where Payable, and by 
Whom. 


Wo. S<ut Penn. 1st M., g., go. p.Al. P. A R. (end.)o* 


26 


1890 


$1,000 
50 
500 
500 
1,000 


$4OO,OOO 
900,000 
820,000 
322.OOO 
694,000 
236,000 
1,700,000 
3,068,400 
1,074,000 
7,518,150 
1,5OO,OOO 
1,126,000 
2,804,000 
1,362,000 
2,000,000 
1,557,000 
3,565,000 
600,000 
1,000,000 
654,000 
2,500,000 

79,800,000 
7-1,000,000 
1,776.000 
116,142,000 
420,000 
8,003,000 

73,816,500 
56,000,000 


5 g- 

Hec t<'\t. 
8 
8 

5 g- 
See text 
5 g. 
See text. 
6 
6 
6g. 
6g. 
6 g. 
4>sg. 

D 

6 g. 
See text 
6 
8g. 


A. A O. 
J. A J. 
M. A 8. 
M. A S. 
J. A J. 
M. A S. 
J. A J. 
Q.-J. 
J. A D. 
J. A J. 
Q. J. 
A. A O. 
Various 
J.yk J. 
J. A J. 
A. A O. 
J. A J. 
M. A N. 
J. A J. 
J. A J. 
A. A O. 


Phlla., Phlla. A Read'g. 
Charleston, Office, 
do do 
do do 
N. Y., Cuyler, M. A Co. 


Apr. 1, 192O 
Jan. 1, '97, 3%. 
Sept 1, 1899 
Sept. 1, 1899 
Jan. 1, 1933 
Mch. 1. 1915 
Jan. 1, T.I2G 
Jan.1'97,1^% 
June 1, 1929 
Jan. 15,'97,4%. 
Irredeemable. 
Apr. 1, 19OO 
July 1, 190O 
July 1, 1904 
July 1, 1904 
Apr. 1, 1925 
Jan. 1, 1926 
May 1, 1900 
Jan.l5'97,>a%. 
July 1, 1917 
Oct. 1, 1945 


let mortgage, provided for by oonsol. mortgage. o 
2d mortgage, provided for by oonsol. mortgage.c 
CouoL mortgage, (for $1,836,OOO) gold.........o 


102 
102 
102 

ib"7 

83 
54 

iss 

138 
138 
138 
138 
138 
138 
9 


1869 

IH(il) 

iss:t 
1895 
1896 

1889 
1855 

ISC:') 

1868 
1874-5 

1S7C.-7 

issr. 

76A82 
1873 


Charleston A Northern 1st mort., guar.. p. A 1.. . 
North' n Alabama K .-lt M., 3,OOO OOO, gold o 
Kortlurn. (IT. H.>-8tock, 5 p. o. rental UU 1 July,1897 


l.OOO 
100 
1,000 
50 


New York, Agency. 
Boston. 19 Milk a +. 
N. Y., So. Pao., 23 Broad 
Bait A Phlla.; Pa. RR. 
Annapolis. 
Baltimore A Philadelp'a 
Baltimore, Treas. Office. 
London and Baltimore. 
Baltimore, Treas. Office. 
do do 
Baltimore.Treas. Office. 
London A Bait 
N. Y., 199 Chambers St. 
Jer. City, Hud'n Co. Bk. 
New York. 


JoT'y^OwlKS^^V^O^^^uthorized) . 




500 Ac. 

1,000 

1,000 

1,000 
1,000 
1,000 

100 

100 Ao. 
1,000 

88UMED. 

100 
100 
100 Ao. 

1 ,000*0 

1,000 

l.OOO 

500 Ao. 
500 Ac. 


OOMOL SL, gold; ooup., int. J A J; reg., A A O.^r 
Oonftol. gen. mort. C gold, .f., dm. at 100, A&B.o 




Union RR-^m. (now 1st) ftMumed$or , gold.o 




21 
167 

8SUED 
4,326 
4,326 
205 
2,146 
60 1 
182 

4,326 
4,326 


1887 
1895 
AND A 

1879 
1881 
1877 
1883 

1896 
1896 


jror.<Mio-l*tM.g.<$l5,OOOp.m.)gu.p.*I.L.E AW.o; 
Korthtrn Pacific JZalJwau -SECURITIES TO BE I 
Common stock, 880,000,000, authorized 
Pref. stock, 875,000,000, non-cum. 4 p. el 
Nor. Pac. RR-.Mo. Dlv. IstM., dr'natpar....o**r 
Gen. 1st M gold dr at 110 o*&r 




Q. M. 
M. A N. 
J. A J. 

M. A N. 

U 






6 

eg. 

4g. 
3g- 


N. Y., Office, 35 Wall St 
do do 
do do 
do do 

1st coup, due Apr.1,'97 
4 mos.int.dtie May l,'97 


May 1, 1919 
Jan 1, 1921 
May 1, 1907 
Feb. 1, 1923 

Jan. 1, 1997 
Jan. 1, 204T 


Western RR.Mmn. 1st M.,gold. 


New mortgages of Northern Pacific Su. 
Prior lien M. $130,000,000 gold, land gr...o**r 
Oen. lien M. $190,OOO,OOO. g.,land grant. ..o*4r 


z 01941 879,000 outstanding March 31, 1896, $338,000 were paid at 110 with land sales July 1, 1896, and $809,000 Jan. 1, 1897; $24.- 
590,000 have boen exchanged under plan, leaving about $16,142,000 n w outstanding. If Coupon bonds F. A A.; registered bonds Q.-I 



\Vlltn. A Raltn.), etc. Value of all, as per books, $2,772,011. The In- 
come from Investments In 1895 wag $2 i5,539. 

LIABILITIES. Jointly with the Penn. RR. and Phlla. A Erie this com- 
pany guarantees the Allegheny Valley 5 per cent loan of 1870. Mort- 
gages and ground rents on January 1. 1896, were $319,830. Union RR. 
Brsu for $900,000 due Jan. 1, 1895, were paid from sinking fund. 

DIVIDENDS paid since 1882 From 1883 to 1886 Inclusive, 8 ; In 1887, 
8 and 10 stock ; In 1888, 7 ; In 1889, 8; In 1890, 8 p. c.; In 1891, 7 ; In 
1892,7; In 1893,9; In 1894,7; In 1895, 7 p. o.; In 1896, 7 p. c.; in 
1897, Jan., 4 p. c.. 

EAKNTNOS. 11 months, ) 1896. ..Gross, $5,766,482; net, $1,518,207 
Jan. 1 to Nov. 30. J 1895. ..Gross, 5,946,844; net, 1,762,076 

ANNUAL RBPORT. Fiscal year ends Deo. 31. President's report for 
1895, given at length In V. 62, p. 340, 361. 368, showed the following: 

Tear end. Dee. 31 1895. 1894. 1893. 1892. 

Gross earnings . .. $6,500,028 $6,031,260 $6,881,806 $7,191,290 
Net earnings .. . 1,907,509 1,797,144 2,118,650 2,078,930 
Other receipts 457,391 386,335 496,979 333,886 



Total net Income.... $2,364,900 $2,183,479 $2,615,629 $2,412,816 
Rentals Ao 455,996 485,759 500,253 442,140 

Interest on debt 852,588 850,921 859,561 869,698 

Dividends (7)526,267(7)526,267 (8)601,446 (8)601,444 

Miscellaneous 378,191 210,840 94,174 129,341 



Balance, surplus.... $151,858 $109,692 $560,195 $370,193 
(V. 60, p. 345, 350, 6j6; V. 62, p. 340, 361, 368.) 

Northern RR. of New Jersey. Owns from Bergen, N. J., to 
Sparklll, N. Y., 21 miles; leases Sparkillto Nyack, 5 miles. Operated 
by Erie RR. for 68*3 per cent of Its grogs earnings. Stock, $1,000,000; 
par, $10O. DIVIDENDS. 1884 to 1893, Inclusive, 3 to 4 p. c. yearly; 
1894, 2^; In 1895, 4s; In 1896, 4; In 1897, Jan., >s p. o. 
ANNUAL REPORT. For fiscal years ending June 30 : 
Tear. Rental. Net. Int.,taxe. Bal., sur. Dividends. 

1895.6 $11H,241 $98.059 $56,079 $41,980 (4 ) $40,OOJ 

lK!l-5... . 138,532 106,764 55,352 51,412 (4*a) 45,000 
-(V. 59, p. 331 ; V. 61, p. 364; V. 63, p. 837.) 

Northern Ohio Railway. (See Map Lake Erie if Western.) 
Owns road from Akron to Delphos, O., 165 miles; branches, 2 miles. 
A reorganization of Plttoburg Akron A Western sold in foreclosure 
Oct. 17, 1894. Road Is leased In perpetuity to L. E. A W. V. 62, p. 826. 

STOCK AND BONDS. Common stock (all owned by L. E. AW.) $3,5?0,- 
OOO; preferred non-cumulative 5 p. o. stock, $650,000; par of each 
$1OO. The first mortgage is for $4.000,000 and bonds are guaranteed, 
principal and Interest, by Lake Erie A Western by endorsement on 
each bond. Bonds for $1,5OO,OOO "are only to be Issued at not to ex- 
ceed $15,OOO per mile of completed road for such hereafter constructed 
or purchased road. If any." V. 61, p. 240, 282, 750, 794; V. 62, p. 186. 

Northern Pacific Railroad. The property of this company was 
Bold in foreclosure In July, 1896, and on Sept. 1 was turned over to the 
Northern Pacific Railway Co., which see below. 

Northern Pacific Railway. (See Haps.) Operates one of the 
leading lines to the Pacific, having Its eastern termini at St. Paul, 
Minn., and Duluth, Wis. (the head of Lake navigation), and run- 
ning thence westerly, traversing the great wheat belt of Minnesota 
and North Dakota, the mining district of Montana and the farming 
country of Washington to Taooma and Seattle, and to Portland Ore- 
jron, with branches to Winnipeg, etc. The system comprises : 



Lines owned in fee. Miles. 

Ashland, WIs., to Portland, 

Ore.,and Wallula Junction. 2,157 
Old St. Paul A Nor. Pacific. 

Bralnerd to St. Paul, etc. . 182 



Securities nubstunlinlli/ 
all owned. 



Miles. 



Various branches (V. 63, p. 

1013) 1,987 

Trackage 20 

Total owned Total system Deo. 1,'96 4,346 

HISTORY.- ThU Wisconsin company on Sept. 1 , 1896. succeeded to the 
railroads, land grant and other property of the Northern Pacific KR 
which was sold In foreclosure In July, 1896, under the second, third and 
consolidated mortgage", and was reorganized with the co-operation of 
J. P. Morgan A Co.. the Deutsche Bank and Drexel A Co. per plan iu 
the CHRONICLE of Mmvli 'Jl, i-m;, p. r>:.t>. 

In the reorganization the $49,OOO.OOO old common stock paying as- 
senmentof 15 perrent received 1OO per cent of new common. The 
$35,000,000 ola preferred paying assessment of 10 per cent received 
50 per cent In new common and the same of new preferred. 

A* to the company's charter, see V. 63, p. 1071. The St. Paul A 
Northern Paclile. previously controlled by stock, was merged in De- 
cember, 1898, and is now owned In fee. 

The original Northern Pacific Company was chartered by Congrei 
July 6, 1864, and its road, opened 450 miles to Bismarck, was fore- 



closed in 1875. An outlet to Chicago was acquired in 1890 through) 
lease of the Wisconsin Central and ownership of the Cnicago A North- 
ern Pacific (see these companies), but this was relinquished by the 
receivers Sept. 25. 1893, and permanently abandoned in the reorgani- 
zation of 1896. The Northern Pacific will, however, when the reor- 
ganization of the Chicago A N. P. Is effected, receive for its interest 
In the Chicago properties certain securities, as stated under Ch. A N. P. 
and in V. 62, p. 725. 778. Beside the Chlcazo Hues, the only parts- 
of the system not included in the reorganization are the Seattle Lake 
Shore & Eastern and the Central Washington see these companies. 

VOTINO TRUST. Both classes of stock (except sufficient to qualify 
directors) are vested until Nov. 1, 1901 (unless surrendered earlier at 
their discretion) In following voting trustees: J. Pierpont Morgan, 
Georg Siemens, August Belmont, Johnston Livingston, Charles Lariier. 

STOCK. The new preferred stock is subject to call In whole or ln> 
part, at par, upon any first day of January prior to 1917. 

Additional preferred stock and other mortgages can be issued only 
with consent of a majority of the preferred and of the common stock 
represented at a special meeting. Pref. stock Is " entitled to non-cum. 
dividends to the extent of 4 per cent per annum, payable quarterly 
ont of surplus net earnings in each fiscal year before any dividends for 
such year shall be paid on the common stock." In any fiscal 
year in which 4 per cent dividends shall have been declared on, 
both preferred and common stock, all shares, whether preferred or 
common, shall participate equally In any further dividends for such 
year. Dividends upon stock registered in Berlin may l-e collected there- 
at the rate of 4-20 marks per dollar. See also V. 63, p. 1071. 

BONDS. Abstracts of the new Prior Lien and General Lien mort- 
gages of 1896 (the General Lien mortgage being in all respects subject. 
to the other) were in V.G3, p. 1012-1O19. and the statement to the New- 
York Stock Exchange, was in V. 63, p. 1072, showing: 

Prior lien 100-year gold 4 per cents secured by mortgage 
to the Mercantile Trust Co., mortgage trustee, upon the 
mainline, branches, land grant, equipment, etc., of the 
Railway Co., and on all property subsequently acquired 
with the proceeds of the bonds. The prior lien bonds 
are purchasable with land sales at not exceeding 110 
after retirement of general 1st mortgage bonds of 1881 
(but are not subject to call), not over $500,000 cash 
yearly to be so applied. Total issue ...................... $130,000,OOO> 

Issued, or about to be issued, to carry out reorganization. 



7j,lu6,joo 
7,776,000' 

20,064^500 
8,423,000- 



Reserved to retire Missouri Division bonds ................ 

Do $16,142,000 general first 6s of 1881 .......... 

Do St. Paul A N. P. and Western RR. bonds ..... 

For new construction, betterments, equipment, etc., under 
carefully guarded provisions, but notexceeding $1,500,- 
000 per annum ............................................. 23,000,000 

General lien gold 3 per cents (Farmers' Loan A Trust Co., 
mortgage trustee) ........................ ................. $190,000,000' 

Of which reserved for prior lien bonds ..................... 130,000,000 

Issued, or about to be Issued to carry out reorganization. 36,000,000 
For new construction, betterments, equipment, etc ....... 4,000,000 

Prior lien bonds, as shown above, are reserved to retire the presen \ 
divisional bonds. When these shall have been retired, the prior Hen 
bonds, by direct mortgage, or through ownership of securities, will be 
the first mortgage on 4,326 miles. At present (through the owner- 
ship of substantially all the securities) they are virtually a first 
lieu on 1,987 miles. Furthermore, as the prior bonds hold $24,- 
000,000 out of $40.732,000 of the Northern Pacific Railroad general 
first mortgage bonds, they now represent more than 24-40ths of the 
first Hen on 2,157 miles additional, and on the mortgaged land grant, 
subject only to $1,776,000 Missouri division bonds. It is expected at 
an early date to retire these Missouri division bonds. Sinking fund 
operations, it Is believed, will rapidly retire the outstanding $16,142, - 
590 general first mortgage bonds. 

The proceeds of the lands when applicable to the prior lien and 
general lien mortgage bonds are to be applied one-half (but not In 
any one year exceeding $500,000) to the purchase and cancella- 
tion of prior lien 4 per cent bonds, If same can be purchased at 11O- 
per cent or less, and the other half of the proceeds is to be applied,. 
under carefully guarded restrictions as set forth In the mortgages, for 
betterments, construction andadditlons to the property pledged. When- 
ever prior lien bonds cannot be purchased at 1 10 per cent th unapplied 
land proceeds for that year are to be used for the purchase and can- 
cellation of general Hen 3 per cent bonds at not exceeding 100 per cent 

No additional bonds can be issued under the old mortgages assumed, 
nor can said bonds be extended. 

An abstract of the general first mortgage of 1881 was In V. 
58, p. 903. The sinking fund under this mortgage must receive yearly 
an amount equal to at least one per cent of entire issue, but the pro- 
ceeds of land sales to whatever amount received are applicable to the- 
redemption of the bonds at 110. 

. ^EXCHANGE OF SECURITIES. For rate of exchange of the various old 
securities disturbed for new securities, see previous SUPPLEMENTS. 



JANUARY, 1897 J 



RAILROAD STOCKS AND BONDS. 



1O5 



Sah*erlb*r will confer a great fBTor by giving Immediate notice of any error discovered In these Table*. 



RAILROADS. 


Miles 
of 
Road. 


Date 
of 
Bond* 


Size, or 
Par 
Value. 


Amount 

Outstanding 


INTEREST OR DIVIDENDS. 


Bonds- Prtt ci 
pal, When Doe 


rr explanation of column heading*, Ac., iee notes 
on first page of table*. 


Rate per 

(Vlit. 


When 
Payable 


Where Payable, and by 
Whom. 


Dividend. 




jrerOwMfent Coal y.-lst M.. 82.0OO.OOO. r...f 
4MHAr Aw. T*r. Ce.-lstaL, gold. red., at 110. . .e- 


149 

IN 

66 
48 
40 
10 
118 


1893 

!--.> 
1-77 
1888 

1877 
1893 

I--,, 
1880 
1888 


$1.000 
l.OOO 
l.OOO 
1,000 
100 
1,000 
l.OOO 
100 
MM A.-. 
100 Ac. 
1,000 


$307,000 
3,960,000 
5,156,000 
4.751,000 
2,769,200 
4OO.OOO 
360,000 
450,000 
3,5*0,000 
999.750 
318,000 
759,500 
1OO.OOO 

4,400,000 
4,400,000 


5g. 
f. 

if' 

3 K- 
8 per an. 
6 
5*. 
5 per an. 
6 
6 
4 
6 
5 


M. & ST. 

J. A J. 
J. A J. 
A. A O. 
J. A J. 
H. A S. 
H. A 8. 
J. A J. 
A. A 0. 
A. A O. 
J. A J. 
P. A A. 
J. A D. 


X.Y., Farm's L. *T.Co. 
S.Y.Wlnsl'w.Lan'rACo. 
N. Y., So.Pao.Co.,23 Br'd 
do do 
Boston, Second Nat. Bk. 
Boston, N. E. Trust Co. 
Net in lieu of Interest. 
Philtt.. (JOS Chestuut St. 
Oct., '95, coup, lost paid 


May 1, 1923 
Jan. 1, I93a 
Jan. 1, 19O7 
Oct. 1. 1938 
Jan. 6, '97,4% 
Men. 1, 1897 
Men. 1, 1923 
Jan., "97, 2 ^"i 
Apr. 1, 19^u 
Apr. 1, 1920 
Apr. 1. 1920 
Aug. 1, 1909 
June 1, 1919 


ConsoL M. (il.000,o6o.(cold.i M.on 197 m.o-*r 
onrv-A 4 ITorwjter Prof. Mock. 8 p. e, rental 
lit M.. principal and Int. guar. by H. Eng. RR.o' 

(l<liij .f Tiilfn ii 111 M.. fo.OOn ji in . f nM 


Ogdrn Mint RR. Stock (5 p.c.rent-Ccn. of N. J.I . . . 
O6.rfLa*f'*a < |i<4riB-ConoLM.(nowltM.) 
Income bonds, not cumulative 


OfdMOTran^tCo.lrt M.(Cent.Vt.A Ogdens-jro.) 
Saratoga A St. Law. lit M., for aOO.OOO, guar. . r 

NEW SECCKITle* iMCABUt U5DEK PLAJt. 

Stock. 




Boston Security Co. 





1889 








lit mortgage, $4,400,000, gold 


127 


1897 




5g. 


A. A O. 




1927. 









LAID OEAJTT. The land grant wa 11300 1 



to the mile In the 



of Minnesota and Oregon and 23.6OO acres per mile In the (then) 
The lands on Deo. 1. 1896, not yet sold were: 

.IT-. 



Mo. Dak. (east 

.,: M.. i:.s MM.no 

8,738374 

North Dakota (we*t of 

Missouri River) 4., 149,287 



Montana 15.S01.143 

Idaho 1.832.493 

Washington 8,670,333 

Oregon. 146,763 



Total unsold aereage.34.638.873 
A full statement as to status of land grant oa Doe. 1. 1896. was given 
taOuonoUV.63, p. 1O7O; V.64.P. 83. 

fixed annual charges of the new company 
of 81388370 as compared with the old 
r the redemption of general 



rurA*caa. The axed 
rafe.217.3tIO. a redaction of 
eompauy. The annual slnkli 



, 

of prior Uen bond* reMrred therefor. 



KAurraae,-On Sept. 1, 189 ^ 

M entire system including St. Paul * 

ea heretofore leased but now owned. E 

Fr.m, -.vt. 1 t., 1..-. . Jl. :-...,. .MB* 

7.409.5S2 I Oth. laooiae. 1O0398 

Taxes, etc... 177.980 

ACTUAL Rarorr Report tor 1884-93 was 

rrrtiuKitf J*<M30. 1896. i - ', 

rnWrJkt'^arnma*^ 13lll9312 13310.699 
sSCexpTeseTAe..; 803M 87S.799 



the operation of 
orthern Pacific and other 
have been , 



Oh'g's (4m.irJ.o- 
Bal., surp.. 1394.687 

In V. 61. p. 364 and 334 

1 - . i 1893. 

84.136332 89317,034 
11363,499 17.017.629 



843385 



983,423 



t9.iM3.160 17.434.981 16.547.909 $34320.108 
..7.775.071 8o.113.il99 i.731/M9 9.4O2.J97 



Taxes 43OW.7O8 5O1.716 10332% 16J.1T!T 

tall, etc. 163.100 25/.3.W IS5.O6O 149.698 

JsoaeittMlaiiia>i7.102.208 13363*4 l.l U>,1 J 9.790369 
apt laei. land salos. 423.71O 301.920 3393O3 549.802 



Total net Income, ... 87327,913 8S.657.4s:i 4.419.999 9310,10') 
Balaaea^fter pro vU- 

iag 863173/0, the 

interest charges 

..- . sr.1310393 S3O9336df.l.7G7.3Jl sr.:i, 

Df BBCToaa. ( Jl*e4*s1 tn Oct., l-96t Edward D. Adams, Charles H. 

ten M. i ill ivrsy E'>en B. Tnomas 

Robert Baoon. I). Willis JaoMa, Francis Lyade Stetson, E Iwin W. 
Winter. Samuel Spencer. Dnmoat Clarke. Brayton Ives, James mill- 

M M : I .-:', 535 ... 

OrriREM. -Chairman of Board of DUMtorm Edward D. Adam*. 
How York; President, Edwin W. Winter. St. Paul; 8eentary. Charles 
r. Coaney, New York: Asstelaat Secretary. Qeorge H.Earl t rtt." 



. .. 

* office. 3* Wall St.-<V. Ki. p. KS5, 
17. 10*0. 1063, 1070.1072,1116; 



Ihs 



w. <-u*uv;, .iew ior ; Aasiswun oemsary. ueurxv n. r.i i, i* *u.. 
Treasurer, Albert E. Little. New York; (,'hlf Enginn-r. K H M, Henry. 
fJsasrsl 3fanager, J. W. Kendrlok. St. Pnul: I..-H.T il < unset, Francis 
JL Stetson, >rw York, and Charles W. Hunn.Ht. Paul. The main offices 
.are located at St. Paul. Nei 
-1-. --;. M9 188. 101" 
... 83. 133, 181.) 

Northern ParlHr Terminal Company, of Oregon. Owns 
terminal* on the Willamette River, Ore., at Portland. East Portland and 
AIM na. comprising lands 270 acre*, trackage 32 miles, dock frontage 
7304 feet. Its .ir.m.1 <v u tr,l --t.li. :, i Port H LOT . H :'' 
la February. 1898. 

Lr.A*E.-Lea*erl for fifty yean from Jan. 1, 1883. Jointly and severally 
-then Pacific. Oregon Ry. A Navlotkro and Oregon A California, 
aaraateed rental to pay Interest, staking fund and taxes. 
fonssosats salos la baakmptcy of the Northern Pacific and 
. n Navtgatioa companies termlaated their Joint and several 
wnisiloas. which their sueeessor companies have not assumed. 
Oreat Northern Ry. Co. tn August. 1894. arranged with Oregon Ry. A 
NoHfattoa Co. to run Joint trains Into I'.-rtland. 

STOCK. atoek (83.OOO.ooOi owned by <d three companies (40 p. c. 

by Oregon Ry . A Nav. Co., 4O per cent by No. Pacific and 2O per cent by 

Oregon A Cat RR.), and told by Central Trust Co. of New York, to he 

delivered after payments to the link. fund, which Is to cancel the Immls 

Boxn*, The Onl mortgage is for 85,000,000. The sinking fund Is to 

retire the bonds by maturity, bonds being drawa at 110 and Interest. 

comber. 1896, 109O.OOO ants had been issued, of which 

130300 had beea retired by .Inking fund. (V. 63. p. 11" >l 

Northers) Hallway Co. (California). This was a consolida- 
tion la May, 1834. owns 39Omllesof railroad, leasedfor 99 years from 
JU|T 1. i-.-. u. the Southern Pacific Co. Lessee pays fixed charges 
*ad 6 p. e. oa stock. If earned, and retains snrplu*. 



The capital stock authorized Is 821,000.000, par 8100; Issued $12.- 
896.OOO. all bat 183,800 being owned by Southern Pacific Company. 

LATEST EARNINGS. 11 mo*., J 18M.Qro*s, 82,031,007; net, $7S6,912 
Jan. 1 to Nov. 30. < 189!}. Gross. 1,840,191; net, 370,574 

In 1895 gross, 82.029,998; net, 8442.619; Interest, taxes, etc., 8630,- 
473; bal.. deficit, 8187,854: other Income net. 93.327. In 1894. gross, 
82,166,121; net, 8728,134; other Income, 127,271; surplus over 
charges In 1894. 83O5.7O9. 

\orthwesti-rn Coal Ry. Allouez Bay. Wig., to St. Louis River 
on Minnesota State line. 13 miles. Chartered lu 1892. Capital stock, 
*1 ,000,000. Mortgage trustee Is Farmers' Loan A Trust Co., New York. 
For year ending June 3O, 1895, cross, 89,019; deficit from oper- 
ating, 81316; mlsoel. receipts (rents and dock earnings), 817,156; 
Interest charge, 818,875; balance, deficit, for year, 86,235. 

Norwich A Worcester. Owns from Norwich, Conn., to Worces- 
ter, Mass., 39 miles; branch. Norwich to Allyn's Point, 7 miles; total, 
66 mile*. Also owns entire capital stock (8500,000) of the Norwich & 
New YorkTransp. Co., operating boat line to N. Y. City. Leased to 
New England RR. for 90 years from Feb. 1, 1869; rental Is 8 per cent 
on preferred ttock. hut lease amended In January, 1897. Stockholder* 
have voted to extend the road from Allyn's Point to Oroton, (I miles, 
and also to Issue 81OO OOO of 4 p. o. thirty-year bonds to provide for 
the 6* due Mar. 1, 1897. See V. 64. p. 133. Common is 86.6OO Par, 
1OO. Preferred. 82,769.200. Notes payable June 30, 1R96J|285,283. 
Year ending June 30, 1896, receipts. $247.10 4: expenses, 8S40; Inter- 
est, 834,000; dividend. 8 p. c. (on 82.769.2OO pref.). 8321.336; balance. 
surplus, for rear. 1.O28. Total surplus Juno 30, 1890, 8903,832. (V. 
63.p. 698; V. 64, p. 83. 135.) 

>ypano Bat. Road from Salamanca. N. Y., to Dayton. O., 388 
miles; branobe* to Oil City, 34 miles: other brunches. 9 miles; total 
owned, 4 Jl mile*. Leased lines Cleveland 4r Mabontng Vallev RR., 
124 miles; Sharon Railway, 16 miles; New Oaitle * Shenango Valley. 
17 miles; Youngstown A Aiutlntown Ry., 1O miles; Westermau RR. ; 
3 miles; total leased. 169 mUes ; total operated. 600 miles. 

A reorganization ot the New York Pennsylvania A Ohio, sold In fore- 
closure Pub. 23, 1896. Under the Erie reorganization plan the Erie 
acquired title to the Nypano and assumed the prior lien Indebtedness, 
equipment trusts, etc. The new stock anil bondx are owned by the 
Erie RR and Erie securities were given In exchange for the old 
lunlor bonds and stock. A bondholders' trust has been formed to re- 
ceive Interest and dividends accruing on the Erie securities, and dis- 
tribute them ratably among the old N. Y. P. <k O. first mortgage bond- 
holder*. See V. 61, p. 47-'; V. 62, p. 437, 519, 909; V. 63, p. uq. 

OKO>II Ilne. Owns from Nolan's Point (Lake Hopatcong) to 
Sparta (or Ogden Mine). N. J., 10 mile*. Leasedfor 999 years from 
Jan. 1, 1883. to Central RR. of N. J. for 5 p. c. per annum on capital 
stock and 8SOO yearly for organization expense*. 

Ogdemburr tc Lake Champlaln Kit. Owns from Rouse's 
Point, X. Y., toOgdeasburg, N. Y.. 118 miles, and leases branch, 9 miles. 
On June 1. 1886. based In perpetuity to the Central Vermont RR. Co. for 
inter est on bonds. DEFAULT. The Central Vermont was placed In re- 
ceiver's hands March 23, 1896. and Ofdeiubarg A Lake Cliatnplaln In- 
terest due April 1 was not paid. The court. May 21). 1806. or.lored 
that the net earnings should he set apart For Interest payments. V. lij, 
p. 1O41. KKCIIVF.RSIIIP Receivers of the Central Vermont, Charles 
M. Hayes and B. C. Smith, have been appointed temporary receiver* 
of O. A L. C. until March 1, 1897. See V. 63, p. 715, 1116. 

Oontol. iCorlgaaf OommiUof. Charles Parsons, Chairman ; William 
Lummls, Thomas Denny. Jr.. Chus. K. Halt. Philip V. R. Ely. Over 97 
per cent of the consols have been deposited with this committee, 
anil suit has been broiiiht to form-lost) the mortgage. Depositaries, 
Central Trust, W. Y. or Old Colony Trust, Boston.- V. 63, p. 358, 4O2. 

REORGANIZATION PLAN. Plan. V. 63, p. 353, authorizes the Issn 
anoe of tbe new securities shown In table above. Old 1st consols to 
receive 110 per cent In new bond* and 80 pr cent In stock New bonii* 
reserved to retire guaranteed bonds of 1888 for 8318,000 (on La. M. 
Val. Ex. RR.) and for Improvements, etc. 

Or, as an alternative, the plan provides for an amended lease to the 
Central Vermont, guaranteeing full payment of back interest, future 
Interest and maintenance of the property, or sale of old consols to a 
syndicate or railroad company at 105 and hauk Interest. 

Stock, common. 83.O77.OOO (par, 81OO). of which *i.*91,OOO Is owned 
by Central Vt; preferred, 85OO. On Sept. 30. 1890. loans and bills 
payable. 835.OOO. Of the guaranteed bonds of 1888 (on La Mollle 
valley Extension RR., 12 miles, now partially abandoned), 88,000 are 
payable yearly (since 1893.) 

EARXIHOS. For three months ending Sept. 30. 1890. gross. 8224,343; 
net, 867,052: Interest, taxes, etc.. *64,7 14; bal , surplus, 82.338. In 
1895, gross, 82--, <7; '"'. *< 5,070. For years ending June 30 : 

'! tirl. Other inc. Int.,tajce*,cte. Balance. 

1895-6... .8754,420 8202,420 83.8OO 826O.623 dof.854,4O2 
1894-3.... 768,818 268..-.51 3.564 207.943 sur. 4.172 

1893-4.... 781,090 258,430 4.503 267,643 def. 4.05O 

-V. 63, p. 76, 358. 4O2, SO2, 560 602, 061, 713, 754, 794, 881, 923, 
1010 1063.1116.) 



106 



INVESTORS' SUPPLEMENT. 



I VOL. LXIV. 



bceriber. will confer a ret faror by firing Immediate notice of any error dUcovered In tbee Table*. 


RAILROADS. 


Miles 
of 

Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OB DIVIDENDS. 


pal, When Due. 
8tocki-lMt 
Dividend. 


for explanation of column beading*, 4o., tee notes 
on flnt page of tabled. 


Rate per 
Cent. 


Wlimi 
Payable 


Where Payable, and by 
whom. 




169 
208 
33 
12 
13 


1886 

l*-<7 
1890 

1M!I2 

1HHM 



1897 
1881 

1889 
I8M 

iKiin 

IHHti 

1888 
.-./ 


$1,000 

i.ooo 

1.IMMI 

1,000 


$2,000,000 
2,698,000 
341,000 
300.000 

r.o.ooo 
6,185,500 
(t) 
3.924,000 
See text. 
2,798,OOO 
Bee text. 
957,000 

J 2,394,600 

16,289,100 
2,000,000 
200,000 
498,000 
4,750,000 
3,000,000 
1,650,000 
1,912,000 
600,000 

225,000 
(t) 
(1) 
2,376,000 
19,625,000 

3,000,000 


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


J. & D. 
A. A O. 
F. A A. 
J. A J. 
F. i A. 


N.Y., Central Tr. Co. 
do do 
do do 
New York or Phlla. 
Phila., E. W.Clark & Co. 


June 1, 1936 
Apr. 1, 1937 
Aug. 1, 1920 
July 1. 1922 
1938 


Offff Hirer lit : m. [2.00O,(MX>], $1 2,000 p. m., g.c* 
Uen. M. (for 93,OOO,OOO), gold.lst on 30 mile*. .0* 
Breiw.8p.4Glen.ltM.,fOld,gu.,p.41.<end.)c' 
Huntliurton*BlgH. IstM. (1400,000), gold, gu.c' 
Rlpley A Mil) Creek ltM.g.,guar.p.*l.,end.o'*r 
OAio K. rrr rf OAori.-Stook (112,474,200 la P.c.pf.) 


100 

1,000 
1,000 

i'.obo 


7 
6g. 


J."i"D. 






1 it M . (auth. $600,000) to be lsued In 1 80 7 
OWo*>u/*.-litM.^4.000,000(*15,OOOp.m.)g...o' 
Receivers' certificates 
General (2d) mortgage, (for $2,800,000), gold..o" 
Ooniol. (3d) mortgage, $8.000.000, gold 


226 

226 


June, '96, pd. Sept., '96 


June 1, 1921 


** 
5 g. 

5 A6 

5S g - 

i5g. 
6 

? 

! g - 

5 
5g. 


M. A N. 

See text 
3. A J. 
J. 4 J. 
Q.-J. 
Various 
J. A D. 
A. 4 0. 
J. 4 J. 
F. 4 A. 
J. 4 D. 
J. 4 J. 
J. 4 D. 


May,'95,coup. last paid. 


May 1. 1921 
1944 
Monthly. 
July 1, 1926 
July 1. 19: 
Jan.l '97,13i%. 
Aug., 1897 
Dec. 1, 1897 
Apr. 1, 19O4 
1904 & 1938 
Feb. 1, 1924 
Dec. 1, 1925- 
Jan. 1, 1910 
Dec. 1, 1903: 


CartnuU Deo., 1895 ($319,000 are 6s) 


108 
108 


1,000 

1,000 

100 

1,000 

1,000 

1,000 
1,000 

l.OOO.ti: 
l.lXHKtc 
1,000 


July, '93, coup, last pd. 
do do 
Boston, Office, 
do 
do 
do 
do 
do 
do 
Boston, N. E. Trust Co. 
Boston, Office. 


Gen. eoMOl. M.. gold, gu.6ybne.O..l 8.W., end.o' 






75-6-7 
1882 
1884 
84S88 
1894 
1895 
1880 
1893 








.... 


Bonds not mort. ($780,000 '84, due July, 1904) .r 


] 1( ,,,i_ . cAr 




Boston CUn. F. 4 N. B. mort. Int. guar. by rental.c 
Old Colony Steamboat bonds, gold (not iiiorU.c* 


125 




Plymouth A Mlddleboro 1st M., Int. guar.(end.).o" 
Omitiui Ilriilaed Terminal Ky.-lstM.($5,OOO.OOO) 
Omaha K. V. <t Ea*tern\tt M. (see text), gold..e 
Omaha * St. L. KK.lut M., g., subj. to call at par. 
Onoon* OaL IstM-.g-dr-natlOO gu.p.Al.<end).c* 


15 

145 
596 

IE8. 


1892 
1893 

is!)t; 

IK'.II; 
1887 




5 


J. 4 J. 


Boston. 


Jan. 1, 1912 




1,000 






New York. 
New York. 
N. Y., South Pacific Co. 


Sept. 1, 1926- 
1901 
July 1, 1927 


4g. 
5 g- 


J. 4 J. 
J. 4 J. 


1,000 
100 


















Ohio KIrer. ROAD. Owns from Benwood, opposite Wheeling, 
Vest Va., to Hunttngton, West Va., 208 mUes ; trackage into Wheel- 1 


EARNINGS. Calendar year 1896, gross, $686,336, against $774,512- 
n 1895. 



Int., fit. Balance 

$270,628 sur. $19,533 

263,322 def. 15,149 

264,433 sur. 22,381 

243,776 sur. 72,626 



Ing, 4 miles; leases Huntlngton 4 Big Sandy Railroad (opened 
early In 1893), Huntlngton to Kenova. West Va., on the Norfolk & 
Western's new line, 11 miles; operates Ravenswood Spencer 4 Glen- 
vllle Ry, Rarentwood to Spencer, 33 m.; Rlpley 4 Mill Creek Valley, 13 
m.; total, 269 miles. 
STOCK. Authorized, $6,000,000; outstanding, $5,915,430; par, $100 

BONDS. Trustee of the first and the general mortgage is the Fidelity 
Ins Tr. 4 Safe Dep. Co. of Phlla. The R. 8. 4 G. mortgage is for $400,- 
OOO. December 31, 1895, there were bills payable, $225,000, and In 
treasury were $302,000 of the $3,000,000 general M. 5s and $56,OOO 
Hunt. A Big Sandy 6s. 

EARNINGS. On 223 miles,) 1896. ...Gross, $892,597; net, $301,939 
Jan. ItoNov. 80(11 mos.) J 1895. ...Gross, 806,567; net, 287,062 

ANNUAL REPORT. Fiscal year ends Dec. 31. Report for 1895, with 
balance sheet, was In V. 62, p. 946, showing earnings as follows on 
223 miles: 

Tear Gross. Op.ex.tttaxet. Net. 

1895 $887,271 $597,110 $290,161 

189L 712,431 464,258 248,173 

183 790,261 503,447 286,814 

1892 795,135 478,733 310,402 

Ravenswood Spenoer & Olcuvillo gross for 1895, $57,430; surplus 
orer operating, taxes. Interest; etc., $1,217. Rlpley 4 Mill Creek Val- 
ley gross, 1895, $16,634; surplus over charges, $1,147. (V. 62, p. 
946.) 

Ohio River .V Charleston It). Owns road from Camden, 
8. C., to Marion, N. C., 171 miles. Also in operation in Tennessee from 
Allisons' MI1L> to North Carolina State line, 32 miles ; in Kentucky 
owned Richardson to Whltehouse, 8 miles. A reorganization in 1894 
of the Charleston Cincinnati 4 Chicago. 

BONDS FOR EXTENSION. An issue of bonds, $15,000 amile, was voted 
In July, 1895, for extension, but none issued. In January, 1897, It 
was announced that an extension would be built from Blaoksbur} , S. 
C., to Gaffney, 8. C., and that an issue of bonds thereon had been un- 
derwritten. On extensions in North and South Carolina! it is said, 
$600,000 of bonds In all will be Issued. June 30, 1896, current liabil- 
ities were $59,179 ; current assets, $38,669. See V. 64. p. 181. 

In year ending June 30, 1896, gross, $200,069 ; net, $26,754 ; taxes, 
etc., $17,288; balance, surplus, $9,466 ; total surplus to date, $23,371. 
In year 1895, gross, $186,819. lu year 1894, gross, $168,456 ; nor, 
$24,951. 

Offlce, 310 Chestnut St., Philadelphia. President, Samuel Hunt; Sec- 
retary, John J. Collier. (V. 61, p. 27; V. 64, p. 181.) 

Ohio Southern RH. Owns Springfield, O., to Wellston, 118 miles, 
and Branches, 40 miles ; extension from Sprinif Held to Lima. 68 miles 
(completed In Dec., 1893) ; total, 226 miles. Lima 4 Northern has 
built a line from Lima northerly to a junction with the Wabaah. See V. 
61, p. 925. Traffic principally bituminous coal. 

STOCK, ETC. Stock outstanding, $3,840,000; par $100. 

RECEIVERSHIP DEFAULT SALE.- Receivers appointed May 1 1,1895. 
Receivers are now N. B. Matthews and E. P. Graffe (appointed Sept. 
18, 1896, In place of J. R. Megrne. V. 61, p. 325. First mortgage 
coupons due June 1, 1896, were paid in Sept., '96. Dec ember, '9 <, 
interoft on Brats was not paid. Foreclosure sale under the 2d mortgage 
has been Indefinitely postponed. Application to Issue receivers' cer- 
tificate* for about $500,000, to be ahead of first mortgage, was made 
lu January aud deposits of bonds with a view of foreclosing first mort- 
gage were asked to be made with Central Trust Co., N. Y. V. 64, p. 
o3 t 1S1. 

OOMMITTKKS. Pint Mortgage: Chairman, W. A. Read of Vermllye 4 
Co., Simon Borg, Henry Sanford, Edwin 8. Hooley aud Thomas Denny. 

General Mortgage : John I. Waterbury, President Manhattan Trust 
Company, No. 1 Nassau Street, New York, James D. Smltti, Chair- 
man, No. 42 Broad Street, N. Y., Jules 8. Baoue, Rush C. Hawkins, W. 
. Wiley and K. L. Oppenheiin; depositary, Manhattan Trust Co., N. 
Y. V. 61, p. 27,1065; V. 62, p. 139, 32O. July 10, 1896, trust re- 
ceipts for f 1,355,000 deposited general mortgage bonds were listed 
on the New York Stock Exchange. A reorganization plan Is In prepar- 
ation. 

RECEIVERS' CERTIFICATES. Certificates for $120,000 (July, 1895), 
wore pledged for funds to pay first mortgage coupons due June 1, 1895, 
their lien is subsequent to the first*. V. 61, p. 152, 367. Additional 
certificates for $4OO,OOO or $500,000 to provide for overdue car trusts 
labor claims, etc., have been applied for. 

.Bonos. -Both the first and the general mortgages are to the Central 
Trust (Joinpany, as trustee. Of the consols only $200,000 have been 
executed ; they are held as collateral for car trusts. Car trust* mature 
about $150,000 yearly in monthly Instalments. In December, 1895. 
floating debt was $3'JO,Ot)0; lu April, 1896, generals for $287,000 
were Issued. 



ANNUAL REPORT. Fiscal year ends June 30. Statement for 1895 6 
was In V. 63, 598. Charges in 1895-0 are approximate. The oar trusts 
call for about $154,200 yearly. 

Bro>. Net. Int. <t taxer. 
$295,361 $368,120 
358,601 354,005 
338,839 291,123 



1895-8 $313,780 

1894-5 784,730 

1893-4 632,020 



Oth. int. Sal. fur. 
(1) def.$72,759- 

10,133 def. 11,627 
22,333 sur. 25,384 



-(V. 63, p. 229, 459, 515, 560, 68 ; 881, 923, 1010; V. 64, p. 42, 83, 
135, 181.) 

Ohio Valley. Extends from Evansvllle, Ind., via Princeton on the 
Chesapeake Ohio 4 Southwestern, to Hopklnsvllle, Ky., 139 miles, of 
which 21 miles, Princeton to Oracle, is leased; branches, 9 miles. 

ORGANIZATION, ETC. Stock is $2,162,200 (par, $100), $1,297,500- 
of which sold in 1891 conditionally to the Chesapeake Ohio A South- 
western, but the conditions of purchase were not fulfilled. Sundry 
accounts payable July 1, 1893, $442,011; oar liens, $16,139. The gen- 
eral mort. trustee is Central Trust Co. In Dec., 1893, John McLeod 
was appointed receiver. In Dec., 1896, road ordered sold, but sale not 
to occur before June 1. Upset price, $1,050,000. V. 64, p. 42. 

Vinority Bondholders' Committee. Appointed in Dec., 1896, Frank 
Riissak. R. L. Edwards and Marcus Mayer. V. 64, p. 42. 

EARNINGS. For years ending June 30, 1896, gross, $362,581 ; net, 
$100,462; rentals, etc., $14,040; balance, surplus, $86,422. In 1894-5, 
gross, $355,964; net, $90,002. (V. 60, p. 481 ; V. 64, p. 42.) 

Old Colony RR. (Itla.) Owns road from Boston to Province 
town, Mass., Newport, R. I., etc., 495 miles; leases, 108 miles: total 
operated. 603 miles. See SUPPLEMENT of September, 1894. Will use 
the new Union Station In Boston when completed. (V. 62, p. 547.) 

L8A8E.' In 1893 leased to the New York New Haven A Hartford 
for 99 years. About $5,000,000 of the stock, included in table above, 
was exchanged for New Haven stock, and is held by that company. 
The lease provides for dividends of 7 p. o. per annum on stock not 
exchanged. See V. 56, p. 247, 374. 

STOCK, ETC. An increase of stock from $12,000,000 to $15,000,000 
was authorized in Nov., 1889, and a further Issue of $2,000,000 to 
raise the grade of Boston 4 Providence track for four miles, and 
$3,000,000 for terminal improvements in Boston have been author- 
ized, making total authorized $20,000,OOO. In Dec., 1896, $200,000 
of stock was sold, making total outstanding $16.289,100. In Jan., 
1897, $400,000 of 4 p. o. bonds, due 1925, were sold for refunding,, 
making $1,650,000 of these bonds outstanding. (V. 63, p. 459.) 

FLOATING DBBT. Loans and bills payable June 30, 1896, were $872,- 
900, against $789,461 in 1895. 

DIVIDENDS since 1881 In 1882, 6>; 1883 to July, 1891, both In- 
clusive, at the rate of 7 per cent yearly ; In December, 1891 (dividends 
changed to quarterly), 2 10 per cent: In 1892,7; In 1893, March, IV 
per cent; June, 2 "3; thereafter 1% per cent quarterly under the lease. 

ANNUAL RBPORT. Operations since July 1, 1893, are Included In N. 
Y. N. H. 4 H. report, but the company's statement of improvements, 
for the year ending June 30, 1890, with general balance sheet, was 
given in V. 63, p. 650. (V. 63, p. 358, 459, 602, 650, 1159; V. 64, 
p. 42.) 

Omaha Bridge & Terminal Ry. This company owns and 
operates a double track steel railway bridge across the Missouri River 
between the cities of Omaha, Neb., and Council Bluffs. la. Also a 
line of railway netween Omaha, South Omaha and East Omaha, Neb., 
and Council Bluffs, la. In April, 1 896, had in operation 39 miles of track. 
It has connections with all the leading railroads reaching Omaha. 
Mortgage of 1893 covers the bridge at Omaha and the lands and other 
property. A union station is to be built at Omaha to cost about $2,OOO,- 
000. President, John Lowber Welsh, Philadelphia. (V. 62, p. 41, 234; 
V. 63, p. 969.) 

Omaha Kaunas City Ac Eafttern RR. Incorporated July 24 
1896, to construct a road; from Pattonsburg, Mo., to Trenton, Mo., 3( 
miles, to connect the Qulncy Omaha 4 K. C. (135 mile*) and the Umahi 
4 St. Louis (145 miles), which roads will ultimately be consolidated wit! 
the O. K. C. A E., as will also the K. O. A Northern Connecting Ry., 7! 
miles. See V. 63, p. 190. 

BONDS. -The O. K. C. A E. first mortgage bonds are to be Issued a j 
$20,000 per mile on road built and to be built from Beardstown, 111., o 
other point east of Mississippi River, to Kansas City and Omaha, o 
Council Bluffs (see V. 04, p. 8-1) with additional amouiits for tcnnin 
als, equipment and bridge over Mississippi River, if built ; a portion o 
the authorized issue will bo reserved for future Improvements on th 
line aforesaid. Contracts for building 34 miles were let In Uecembei 
196. V. 63, p. 190, 459, 11 10 : V. ill, p. 84. 

Omnha ic St. Loul*|liK. Owns Council Kind's, la. to Pattomj 
burg, Mo.. 145 miles 



JANUARY, 1897.J 



RAILROAD STOCKS A1O) BONDS, 



107 



Subscriber* will confer a great favor by ctrtnc Immediate notice of any error discovered In these Tables. 



BAILBOADa. 



Date 

of 
Bond* 



Size, or 
Par 

Value. 



INTEREST OR DIVIDENDS. 



n ,?5, Bate per When Where Payable, and by 
Outstanding ()," Payable WTiom. 



Bond* Princi- 
pal, When Due. 
Stock* Last 
Dividend. 



Pref. stock. 4 per eeat. aoa-cum., vol. tr. cert. 
Or. By. A Bar., 1st M. bonds, g.,s. f.. dr-n at lOO 
OoaaoVortga824^M>.gold....... 




100 

1,000 

1,000 



$24.000,000 

10,998,300 

4.461,000 

15,174,000 



FEB. 20 



Utah So. M.. B. Lake to Juan (for 1 ,95O,OOOj . e 

Utah So. Extoa. 1st M.. Juab to Frisco c 

I'tah A No. equip, bonds 

Idaho Central la* mort. Nampa to Boise Cltyc 

0n. M., see text. gold. red. at 105 c- 

OoUafl trust, gold (redeemable at 105) guar..c- 
tocramsa TO BE LETT Un>nmrBazi> 
Or. Bh-L. 1st M., p. A 1., gold-see V.63. P.802.C* 
Utah A Korth'n 1st mort., 81 2.000 per mile c' 
ConscL M.. gm.. 815.0OO p. m. *f.not df a*.e- 
TO BE IsaOKD BT THE OftEGOl 8HOBT 



105 
138 



19 
1,482 



LOB 



1870 
1-7:. 
1879 
1887 
1887 
L8M 
1889 

1882 
1878 
1886 
BB: 




OF 

100 
1,000 
1,000 
1,000 
1,000 
1,000 
1.000 
300 Ac. 

1,000 
1,000 
1,000 

100 



I. 1896:- 
.:..- u.-vs 
424,000 
1,526,000 
1,950.000 
36,000 
131,000 

M.-lU.'HKI 

13,000,000 

14.931,000 

a 4,993,000 

1,831,000 

27,460.100 
10.327,000 

7,183,000 
14,841,000 



Of which Union 
Jaa.1. 1 



J. A J. 
J AD. 



N. Y., Sec. A Trust Co. 
New York & Germany. 



July 1, 1909 
June 1, 1916 



7 
7 

3 
6 

if: 



5g. 



J. * J. 

J. A J. 

J. A J. 

A. 4 O. 

J. A J. 

A. A O. 

M. A 8. 



Jan., '94, coup, lust paid 
Jan. ,'94. coup, last paid 
Oct., '96, pd, when due. 
Jan., '94, pd. Feb. 19/94 
Oct., '93, coup, last pd. 
Sept. ,'93, coup, last pd. 



At CO.'B option 
July 1 1909 



July 1 



A pr.l, yearlv. 



A. Aug 



.;., '96. pd.Nr. 13/96 
Jan., '97, pd. In Jan., '97 
Jan./7,pd. Jan. 19/97 



Jan. i 

Apr. 

Sept. 

Feb. 
July 
July 



1909 



1917 
'919 
1919 

1922 
1908 

I'.UI! 



J. A J. 



UptoS 



1st coup, doe Jan. 1/97 

New York, when earn'd 
do do 



1947 



BISTOBT. ETC. ccissir IB Joaa, 1898 (per plan V. 62. p. 41, 1177) 
< the Omaha A 8t. Lam* JtoUs>sv.ald la toreelosore Jan. 27. The 
w company Is u. exist until scaaollaarkia with Qulncy Omaha A K. 
e Is etobted. wasn tha MassHdstsil iiapaay will Se operated In close 
with the K. C. Pitts. A Qalf aad accessary extsaston* and 
I trallt.-8ee K. C. A 5ortbern OaaaecttBg By.: also T. 64. 



p. -i 

NEW HEcrKinaa. Under the 
<V. 63. p. tli. the old /into aad 
new 4s aad 23 p. e. IB BO 
tMt to radeSBgBoB at par. 



into aad sMSKsto are to r 
BOW taaiBm or stack: the 



^mmmmfJt * VW I , inwWCV* VU W I*V>wW V*VVBB**BBI 

paid at Guaranty Tnut Co., N. Y. (T. 64, p. 43.) 

EA*i*<>*.-For fiscal year eadtaf June 3O, 181 
a*. $9X55. In 1894-95 grcaa7$OJl: net. 8 
ltrocatBConic.9i33.907. (T. 62. P- 1177; V. 88, a. I 



Oregon A Callfornls 
llae.37 miles: Albany ~ 
Oarvallls. 97 arfto*; - 
~B.sW 



i of Dae. 18. 1895 

<la receive 75 p. e. In the 
w bonds aresah- 
Bot yet lamed, bat 
by eerufleatesi was 



8*6, gross. $317.884: 
81.9T7. In 1393-94. 
9O: V. 64. p. 48, 84.) 

Portland. Ore., to CaUforala Stale 
n. 12 BUM): PorUaad to 



torn to Lcbaaaq. 13 mllsa ; PorUaad to 
to Xatrea, 93 Biles; purchased In 1893 
YamhUl BB.; PorUaad. Ore., to Alrtce. 
lal. 634 miles. 

LEASE. ETc.-Leaaed la 8aa*hcrB PaaUc Ca, for 4O years from Jann- 
171,1887. tke lassac gaaraatosmgtatoreatcn the bonds, and the leaser 
rccalvtag any act arcfc and a>ag rtirni I wtthaay defleU after pay- 

*s*ock. $1X000.000 e? which 
Co. Jan 1.1896. $1.697.394, 
auas the bonds p. A L by ea- 






. 
80. Pae. guaraat 



I by the 
i at par, 

r.Sew 

as unaranl to prU ted oa 
MbjEc* to BMrt. wan 8> 

18M 

- 

- . 



of prinei- 

tB late Bet land 
V 83. p. 734. 

. act. 8279.933 ; Interest 
.11. lBl894aToaa.$1.707.17&;BCt, 
.1008-. V 63, p. 734.) 

Oregon Central A Ka stern. Owns from Yaqalaa to Idnaah, 
Ora., 142 mile*. Land grant waa MO.OOO acre*. OrgaaUad la 1899 
as saeimor of Oregon Pactfte. sold la farectoaarc Dee. 22, 1894. 

guwnrni IB mar ending ! m inmt srans 88n nm net. 817.- 

983; BO fixed charge., la ; 

4MC, $y8*M. PfVmACWnftta 



t.A.1 



.CarvallKOre. 



0,p.712.) 



.... 



OrngjOn stallrosisl A > 
loattagum. Ore.. 
dtoaTof which 19 _ 

See V. 69, p. 988. 



l 660; 



Portland. Ore., to 

;,-. :- .. ;..... 
laa PraactoM. 670 



OaaAXiXATios.-Orgaalsed IB Julv. 1894. per plan In V. 61, p. 32 
aad vn j. P i 1. and A^lsacccaded to the property aad rrancUsesii 
* "<* T- * *f***m.0p. .-rf.ffftoracto.ure under th 



A ^^ rinrmstlmnm CVi 

a~BMrtg>f* July B aad of the branch llns. sold J air 10 aad 
i . p776.11. Old stock psld asssasmeat of 6 p. e. See 

also V. 63. D. 8\L The Oregon Short Line A Utah Northern when 
MorfaBtoadwfll cwm $UI.827V2OO (a majority) of the ~mm* 
ttwOrcgoaBB. A Navigation Co. 

:nio Tmorr. The Central Tiast Co., as trustee, 1s to 
voting power an all stock till May 1, 19O6, ualcas the trust be sooner 
smriaatod by the consent ef adders of two-thirds cf each class of 
-"--- -'to 98 par cant cf the par value 
paid er ha fully guaranteed. 
.f which 89.289.- 
the right 




aad eollaUral trust bonds) 



to noinln- 



i alM V. n. a. 41 

i Cf 1996 <a.lraet V. 63, p. 
st Co.) covers all the company's 
f 1.063 miles of road, of which 
jga cf 1879, which in January, 
about $7.doo per mile. This 
TcC by (Inking fund. 
.$9490.000 were re- 
i doe cf $4.900.000 irsts (since reduced to 
' O wtll be used for betterments, etc.. 
If duaud advisable, of addl- 
sbta Btrcr or elsewhere at the 
mile of eOBCtrneted road. See fur 
, P- 

r martfuft has staking tod to ay beads at or below 1 1 o, or else 
draw them at par on January 1. la January, 1897, to meet sinking 
toad raqslriBnili for 1888-96, both Inclusive, 8473.NOO was used to 
BT 64A r *09cf these hoade-scc V. 64, p. 84. 

LtTBCT FAiosFrofn Julv 1 to Xcr.80. 5 months. In 1 MM. rrose, 
2.314.407. act, 81.1 17.100 




EAUTIXOI. Receiver reported as follows the earnings of the old 
company for the year ending June 30. lHt)G. Including steamships : 
Gross earning* 84.34O.791 I Total of said expenses.. 83,137.347 

DtdHrt I Surplus over expenses. 1,203,444 

Operating expenses 2,776,503 J Miscellaneous Income.. 27,429 

Taxes 1H5,O1S] 

Rentals of track., etc 193,827 | Surplus for year 81,230,873 

FIXED CHAEOKS. Under the plan the fixed charges of the new com- 
pany during the first year of Its operation will be approximately: In- 
teract on $4,900,000 outstanding first mortgage 6s, 8294,000 ; net pay- 
ment on account of sinking fund. 829,520; Interest on *15,174.OOO 
new consolidated mortgage bonds at 4 per cent. 8606.96O ; total fixed 
charge*. 893O.48O, and "this amount Is considered to be well within 
the canine capacity of the property." The fixed charges of the old 
Oregon Railway A Navigation Co. were 81.3O5.25O. 

OmcEB*. President, E. McNelll ; Secretary and General Attorney, 
W. W. Ootton ; General Auditor, E. 8. Benson ; Treasurer. G. E. With- 
I niton. General office*. Portland. Ore. (V. 68, p. 76, 116, 155, 311, 
838, 458, 602, 881, 928, 928. 969; V. 64, p. 84.) 

n Mort Line A I'tah Northern By. Owns Granger, 



Orego 

Wyo., to 
Ogdea to 



tana, 358 
to Frisco, 



, 

HunUngton, Ora.. 343 miles: branch to Ketchuiu, Idaho, 7O m.; 
MeCammon. Idaho, 111 miles ; Pooatollo to Sliver Bow, Mon- 
mite* ; Lehl Junction to Tin tic. Utah, 34 miles ; Ogden, Utah, 



, 

Ogden, 
hich 40 



. 

275 miles; sundry branched, 117 miles (ef which 40 miles 
narrow jrauge); total, 1,423 miles. Also owns but leases to the Montana 
Union By., iUrar Bow, Idaho, to Butte, Garrison. Mont., elb., 57 miles. 
OBOAVUATtoif. Formed la 1889 by a consolidation of the Oregon 
Short Line, the Utah .Northern and other lines. It was controlled by the 
Union PaeUe Railway Co, which operated It under a traffic agreement. 
BECElTEaaair. On Sept. 6, 1894. the receivers of Union Pacific 
for Oregon 8. L. * Utah Northern. 



8ou>. On Jan. 9 this property was sold In foreclosure to the reor- 
*~iry G. Nloholls for 87.185,300. The 




amount realised OB the consolidated mortgage of 1889 was 85,447,300, 
on the Utah Boalhcrn 8703.000 and Utah Southern extension mortgage 
8975,000. (V. 64. p. 133.) 

Oicro PATHEm. July, 1896. coupons on U. A N. first 7s were 
~ Ian., 1897, coupon* on eonsoL 5* was paid Jan. 
tagust, 1896. coupons of Oregon 8. L.jtr*li 
Utah A Northern equip, coupons due Oct., 
paia WBBB ana 

CArrrALSToca. Stock authorised 627.0OO.OOO (par, 81OO) ; outstand - 
tag$6.att,0. cf which Union Pae. Jan. 1. 185, owned 815,116,703. 
pledged as pan security for the U. P. collateral trust notes of 1891. In 
April, 1896, J. P. Morgsn A Co. as trustees under the deed securing 
these Beta* formally approved the plan of reorganization (see V. 62, 
p. 684.) In the reorganised company this 815,116,703 of stock (if as- 
immmt paid) will a* represented by 7.558,351 of the 927,460,100 
new stock. A majority of the new stock (or $14370,000) under the 
plan goes to the old bondholders. 

KEOEOAXIZATIOK OOMMITTKE. The following committee formed In 
December, 1895, represent* all Interests and all previously existing 
committees: Samuel Carr, Chairman: Alexander E. Orr, Nathanli-1 
Thayer. Gardiner M. Lane. W. G. Oakman, A. A. H. Hnli.sevaln, Gordon 
Abbott; George P. Butler. Secretary, 54 Wall Street. New York. 

REOBOAVDUTloir PLAX. The plan of this committee dated Feb. 20, 
1896. was published at length In the CHUOXICLE of March 14, pages. 
504, 6O5. The plaa was declared effective In August, 1896; It has been 
endorsed by the committees representing all the various classes of se- 
curities, who bold nearly 99 per cent of the bonds. See V. 62, p. 726. 

The Oregon Short Line Railroad Company will Issue securities a* In- 
dicated In th* table above, the annual fl xed charges being reduced from 
92.788^73 to $1.833.270 and the mortgage Indebtedness, new and as- 
sumed, to abcat 825.0OO p. m. The plan provides for payment of 
sisMim eaten the $13,827,200 of Oregon Ry. A Navigation stock, thus 
Insuring to tke new oompaav a majority of the eommom stock of that 
Important property as reorganised. 

The O. B. A K. stock Is to be placed In trust as special security for 
the gtriti B intnut, but dividends thereon an to go to the Short Line 
company except as needed to pay to Merles B their full Interest. The 
Series B bond* will receive If earned 3 p. o. Interest annually for first 



three yean, then 4 p. e.; they will be represented by two director*; 
their cement must be secured to any lease of the property unless tbelr 
Interest U guaranteed thereby. No additional lieu shall be placed 
ahead of Serin A mnd B without the consent of a majority Interest. 
Of the 836.5OO.OOO new flnl eonioii. 8-24.172.OOO will l>e reserved to 
retire at maturity the loans not disturbed and 92,OO1,OOO will be 
reserved for future use, the balance being Issued at once. These bond* 
are a first lien on about 40O miles. 
Holders cf securities disturbed are treated as follows : 

Pay A na rrrrirr nae Krmritlrt. 
Antt- CftmsoJ. SeriffA SerietB Com. 
UoidenafoM Hruritlfi. meat. \tl X.ta. Inc'ma. Inc'met. Slock 

" - none 850O 850O $1,OOO 

none 5OO 5OO l.OOO 

none bOO 5OO l.OOO 

none $1,OOO 



Utah 80. gen. M. 7s, 81.0OO 
do. ext'n 1st 7s. l.OOO 
Or.8.L.AU.N.cous.,81,000.. 
Collateral Trust 3s, $1,000. . . 



Btock,8100 $12 



812 



50 



10- 



INVESTORS' SUPPLEMENT. 



RAILROADS. 



For explanation of column headings. Ac., *ee note* 
ou firm page of table*. 

o^go ^ *"j^S~ 8to<!k (' & VL?*' w:> u .**: 

OiMiuboni 4 XtuktiUe 1st mortgage, 



Miles 

of 
Road. 



39 
35 
35 

88 
48 
48 
48 
13 



164 



dig . Currency coupon bond* 

r'*J? Sterling bond* - 

S" S3 < Gold registered bond* 

00 C 2. Qold coupon bond* 

<=n = Gold sink, fund, 1 p. o.. not drawn .c 

So I Sterling (s. f. In 19OO) not drawn.c'*r 

Bonds (P. W. A B. stock a* oollat.) not drawn. . .r 

HavyYard mort. (extended 20 year* In 1881) . . .r 

Collateral trurt loan, gold, not drawn. o 

Itonl^Ti. jld bond* (s. f. 5 p.c ) not drawn ...o- 
?2nn. Car Trust (In *erie* payable 1 10 yearly) . . . . 
Penn Raul p. Trust (In neries payable i, 8 yearly . 
Peiui Rolling Stock Trust (1-10 payable yearly). 
Del. Ave. Market 1st mortgage.... 



568 
568 
568 

Mi 

568 
MS 

r,c,s 
568 



Del. Ave. Market - 

Delaware Ave. Bloodgood property ...r 

Penn. RR. real etate purchase money gold M.o 4r 



Date 
of 

Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


late per 
Cent. 


When 
Payable 


ill IHVIDENDS. 

Where Payable, and by 
Whom. 


1876 
1883 
1881 

1867 
1880 

1893 


$50 
1,000 
1,000 

1.000 

100 

i-JOO 
1,000 

50 

i'.ooo 

1OO 
50 
$ or* 
1,000 
l.OOO 
200 

1,000 

1,000 
1,000 

200 
1,000 
r,,ooo 
l.OOO 
1,000 
1,000 

1,000 

1,000 
;,.ooo 
1,000 
1,000 


'438!000 
668,000 
2.OOO.OOO 
7,000,000 
800,000 
1,84,OOO 
630.0OO 
298,000 
110.0OO 
2,340,000 
533,700 
129,301,550 
19,997,820 
1,961,000 
2,757,OOO 
22.762,020 
3,498.000 
1,500,000 
3,000,000 
4,850,000 
7.702.0OO 
l.OOO.OOO 
9,900,000 
2.728.OOO 

I 5,532,000 

300,000 
200.000 
2,000,000 


9 per mi. 
7 
5 
6 g. 
See text. 

6 g. 
3 per an. 
8 per an. 


F.-A..20 
M. ,V- S. 
M. A N. 
M. A M. 
Various 
A.10AO. 
M. A N. 
J. A J. 
J. A J. 


N. Y., Del. L. A W. RR, 
do do 
N. Y., Farm. L. A Tr. Co. 
,v Y., 120 Broadway. 
N. Y.. 29 Broadway. 
N.Y. Office A London. 
N. Y., 29 Broadway, i 
N. Y., 44 Exchange PI. 
N. Y., 44 Exchange PI. 


6* 

Sri- t.-\t. 

6 
6 
6 
6 

5 g. 
5 g. 
4 g. 
3>ag. 

4 
5 

^ g 

( 4 
4S 10 

4*io 
4 g. 


A. A O. 

M!"A"N. 

See text 
Q.-M. is 
J.&.D.IJ 
J. A J 
Q.-M. 
1C* 8 
M. A N 
J. A J. 
J. A J. 
J. A J. 
J. A D. 
M. A 8. 
Quar'ly. 
O.-F*. 
Quar. 
M. A 8. 
M. A 8. 
M. A N 


Apr., '95, coup, last pd. 


1867 

1875 
1 ST.'. 
1873-4 
1879 
1879 
1893 
1895 

1881 

IMS!) 
1MM4-8 

1892 

ISS'.t 

1892 
1893 


Philadelpliia, Office. 
Phila. Office A London. 
Philadelphia, Office, 
do do 
Phila. office and London 
Philadelpliia, Office, 
do do 
N. Y., Farm's L. A T. Co. 
Lond.,Jolnt-St'k Bk.Ltd 
Phila., Pa.Co.for Ins.Ac. 
Phila.. Co.'s Office. 
Phila.,Provld'tL.AT.Co. 
Phila., Gir'd Life Ac. Co. 
Phila,,Provld'tL.AT.Co. 
Phila. ,Tr. 8. Den. A I. Co. 
Phila.. Gir'd Life Ac. Co. 
Philadelphia. 
Philadelphia. 
N. Y., Fanners' L. A Tr. 



pill. When Due. 

Stocks Last 

Dividend. 

Aug. 20, 1896 
Mcli. 1, 1907 
May, 1923 
Nov. 1, 1931 
Jan. 3, 1893 
Oct. 10, 1897 
Nov. 1. 1910 
Jan., '97, 4% 
Jan., '97, 4% 

Apr'.'i," 1943 



Nov.30,'96,2ia 
July 1, 1910 
June 15, 1905 
June 15, 1906 
July 1, 1905 
Sept. 1, 1919 
Sept. 1, 1919 
May 1, 1943 
July 1, 1948 
July 1, 1921 
Jan. 1, 1901 
June 1, 1913 
Sept. 1, 1914 
1896 to 1898 
1896 to 1901 

1902 

Mch. 1, 1909 
Sept. 1, 1912 
May 1, 1923 



The 



Lat instalment of $3 was payable August 3. V. 62, p. 1088 
Moment IK underwritten. _ $2,235,952 

4.923'.121: net, 2,182,259 



, with October, 1895, and subsequent 

flraT'moruli'e wm V oover"the "entire line from Pecos to Washburn, 372 
lies and ?S tondB to the extent of $2,790,000 will be Issued, togeth 
with the common stock, for the purpose of providing the funds for 



oon By. A^vlgatfon stock 

f' $& 'fcBSSS iiHo <fcS*83 

HI 7201199 216701122 1889 6,512,345 a.ozs.odo 

Average" surplus earn'gs from operation 1889-94, inclusive.$2,274,431 
Avenife Income from miscellaneous sources 100,000 

Average annual net Income from all sources 1889-94. . . . $2,374,431 
Actual net income, all sources year ending Deo 31. 1895..$2,273,164 
Total annual fixed charges under plan (see plan) l,8Dd,-7O 

iv <> n 1<J9 279 365 462.503.504, 549,636.684,726,779,819, 
87 ( <T gV 1088. 1140; V 3. p 30, 116, 358, 515, 560, 602, 838, 881, 
1010; V. 64, p. 42, 84, 135, 181.) 

1 1. ..-.. 4 Syracuse. Owns from Oswego, N. Y., to Syracuse, H. 
Y ""miles. Leased in 1869 during length of charter and renewal 
thereof to the Delaware Lackawanna A Western Railroad Company for 
9 per cent per year on $1.32O.4OO stock and Interest on bonds. 

Owencboro 4 Nalvllle.-8ee SUPPLEMENT, May, 1894. 

i> i...>, ii r< inn -< ' 4 Alabama. ROAD. Owns from Padu 
cab Ky to junction with Tennessee Midland at Lexington, Tenn. 
119' miles, and operates the Tennessee Midland RR. from Memphis 



foreclosure in uciooer, 1895, and purchased by the Louisville 
A Nashville, which In October. 1896. authorized its lease to the N. C. A 
8t L which ha operated the road since Jan. 1, 1896; action on this 
See 'by N/ C. A St. L. stockholders was postponed 90 days from 
Sent. 9 1896. V. 63, p. 458. 

is to' redemption of bonds ee V. 63, p. 459. 

EAKNiNGB.-On Paducah road proper for year ending June 30, 1895 

STINTS'. ?.%^%7; $%ffi3&& ? 
Panama BK. ROAD Colon to Panama, 48 m. Completed Jan 

no Ifl'Sf) 

In December, 1895, an agreement was made with Pacific Mail 8. 8 
to run three years, and cover Joint traffic between New York an( 
Central America, Mexico and the U. 8. Pacific coast. V. 63, p. 76. 

DIVII.KNDS.- 5 '85 '86-7 '88 '89 '90 '91 '92 '93 < None 
Since '84 p. ct. J 10 nil. 23 9 5 5 2 2 J since 

BONDS. As to holders' right to extend the general mortgage bond 
Is.ued in 1892 see SUPPLEMENT of January, 1894. Of the general 7 
94 "OO were In treasury In Dec., 1896, and 138,600 in sinking fund 

Till- tiili'idii imudH are secured by an assignment and pledge mad 
bv the U 8 ol Colombia to the trustees of $225,000 annually, of th 
annual siil>*l'ly "r rrntal to that extent payable to said government b 
the rounmny, and are drawn and paid off on November 1 yearly wit 
uiysiirp us of the snlwldy not needed for Interest, $102,000 bond 
helng paid Nov. 1, 1895, and $107,000 on Nov. 1, 1896. 

ANNUAL REPORT. Fiscal year ends Dec. 31. The report for 1895 1 
CHRONICLE, V. 62, p. 680. showed earnings as follows :J 

(inns Net. Other inc. Int., etc. Balance. 

1805 ....$1,311,634 $491,815 $394,805 f489,919 
1H'.U .... i;o5,533 314,370 306,821 490,738 



siir. $396,70 
sur 130,45 






i'047'.OlO 130,249 367.114 515,933 def. 18,5'. 
11435,990 487,636 332,752 462.573 sur. 357.81 
-(V 59 'p. 1008 1 V. 60. p. 523, 6O4, 837. 874; V. 61. p. 470, 569, 1013 
1108; V. 62, p. 594, 68O, 742, 1140; V. 63, p. 76, 7<a.) 

Palernon 4 IItidon Blver. Owns from Weehawken, N. J., tx 

Paternon N J., 13 miles, double track. Leased In perpetuity at $48,4O< 

per year t" Erie RR. (formerly New York Lake Erie A Western), form 

Ing part of Its main line. 

Patrr*oii 4 Kamapo. Owns from Paterson, N. J., to New Yor 

M-ushUHn^aMfi^^^rf^i^^jip.^ 



It was 



Sept. 9, 



erly N. Y. 'l. l 

legal existence, at $26.500. 

Peco Valley By. In operation from Peoos City, Texa 
to Eddy, 89 miles; exteiiKlon Eddy to Kos well, 74 miles; totaloperate 
n May 1896, 164 miles. The Irrigation system now completed wl 
supply 250,000 acres with water and finally will supply 40O.OOO acre 

REORGANIZATION. In June, 1896, to provide for building an exten 
slon from Roswell, N. M., to a connection with the Atchlson Topeka 
Saute Fe at Waxhburn, a distance of 2o-< miles, reorganization wa 
dertuken The present mortgage will lie foreclosed. The new caj 
talizatlon will be *3.162,OOO first mortgage 5s, $3,162,000 prcferre 
6p o.tock, non-cumulative, and $3,162,000 common slock. 



ivnc IE reoreanization the road is in the hands of E. O. Faulkner ot 
ddv N M , as receiver, and $110,000 of receivers' certificates have 
een authorized to pay the floating debt and to make some improve- 
,ent i bridges, etc. The Reorganization Committee consists of 
hainuan John 8 Wise, 44 Broad St., N. Y.;J.J. Hagerman, William 
lotoli Benlamln Graham, Charles A. Otis and D. MoCool. A majority 
"the boudshave been deposited with the Central Trust Co. of New 
ork.-See V. 62, p. 1088. 

F nwTNdR _\'ear ending June 30, 1896, gross, $89,400; net, $4,760 ; 
thi? TucSme, $30J10; cnarges, $175,627; balance, deficit, $134,757. 
u 1894-5 "gross, $162,293 ; net, $40,193. In 1893 94 gross. $90,611 ; 
et. 80276 J J. Hagerman, President, Colorado Springs, Col. 
(V. 59, p. 601; V. 62, p. 950, 1088.) 

IV ii ii* viva 11 la BB.-rSee Jfap;-LlNE OF Ro AD The Pennsylvania 
vstem embraces 8,874 miles of main track, 1,698 miles of second track 
nd 4,108 miles of sidings, including all east and west of Pittsburg. 
At the close of 1894 the mileage operated east of Pittsburg A Erie, on 
which earnings as reported were based, was divided as foUows: 
ylvania Division and branches, 1,602; Philadelphia A Erie Div sion, 
548- -United Railroads of New Jersey and branches, 521; total ope- 
ated, New York to Pittsburg, with branches, 2.671. 
ORGANIZATION, LEASES, Ac.-The charter of the Pennsylvania Rail- 
road was dated April 13, 1846. The Pennsylvania Company control* 
all the lines west of Pitteburg and Erie, the Pennsylvania Railroad 
Company holding all its stock. Control of Cresson Clearfield Co. A 
N" Short Route, Terre Haute A Indianapolis, Toledo Peoria AW. 
and Cleveland & Marietta was obtained in 1893, thus adding 965 miles 
ii the system. 

SECURITIES OWNED. The total cost of these to January 1, 1897, was 
$118 035,906, most of which are pledged to secure Pennsylvania issues. 
Revenue derived from these securities in 1895, $4,353,98 / . 

CAPITAL STOCK. Stock authorized by law $151,700,000 ; the amount 
outstanding has been increased from time to time, chiefly by sale at 
jar to stockholders, for new acquisitions, etc. 

DIVIDENDS J '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94toNoy.'96 
percent. *8> 7 5 5 5^2 5 5 5H! 6 6 t5 5 yearly. 

t And also 2 per cent In scrip. 

BONDS. Interest on general mortgage 6s of 1867 Is payable on coupon 
bonds January 1 and July 1 ; on registered bonds, April 1 and October 1 

The consolidated mortgage of 1873 for $100,OOO,OOO secures all the 
consols equally, though issued at different dates; of the amount author- 
ized, a sufficient amount is reserved to retire the general mortgage of 
1867 It covers all the property and franchises of the company, 
Including its main line from Philadelphia to Pittsburg, and branches, 
being a total of 568 irlles, partly four-tracked, together with real 
estate and equipment. It is also a first lien on the company's leasehold 
interest In other railroad lines and canals, as well as on shares ana 
bonds of other companies of an estimated cash value of over $oO,000,- 
OOO These securities produced in 1892 an income of over $2,t>00,00< 
Sinking fund for consols Jan. 1, 1896, held Consols canceled, $1,771,- 
980; other securities, $3,567,820. 

The 4per cent loan 0/1881 Is secured by pledge of Philadelphia Wil- 
mington A Baltimore stock. 

The collateral trust loan of 1883 Is secured by the deposit of mortgage 
bonds of subsidiary lines to the par value of $13,600,000. 

The guaranteed securities are bought with 1 per cent of the net incoi 
yearly" and $9,938,265 (par valuejso purchased were held Jan. 1, 18 

GUARANTEED BONDS. In addition to "guaranteed rentals," the 
Peunsvlvanla RR. is contingently liable under guaranties on certain < 
the boiids of the following companies, the nature of the guaranty being 
described in the separate statement for each company which see. 



Allegheny Valley Ry. 
Amer. Steamship Co. 
Bait. A Potomac RR. 
Belvidere A Del. RR. 
Camden A Burlington 

CHI 1 111:11 iy RK. 
Chartlers Ry 
Connecting Ry. 
GirardPt. Storage Co. 



Kiver Front RR. 
Susquehanna Coal Co. 
Trenton A Delaware 

Bridge Co. 

Tyrone* Clearfleld Ry. 
United N. Jersey RK. 
West Chester RR. 
Wesfn Pennsylv. HR. 



Harrisb'g Portsmouth 
Mt. Joy A Lane. RR. 
Junction RR. 
Mt. Holly Lumberton 

A Medford RR. 
Pennsylv'a Canal Co. 
Phila. Germantowu * 

Chestnut Hill RR. 
Philadel'a A Erie RR. 

GENERAL FINANCES. Mortgages and ground rents payable were on 
Jan. 1, 1896, $4,003,070. In July, 1895, $5,000,000 consol. 3^8 were 
sold for Delaware River bridge, construction and betterments during 
1895. (See V. 61, p. 69.) 
LATEST EARNINGS. Jan. 1 to Nov. 30 (11 months) directly operated: 

Lines east of Pitta- ( 1896, gross $56,904,272; net, $16,565,47: 

burg&Erie. \ 1895, gross 58,987,572; net, 17,9-3,17 

Llnestce(of P. AE.. Gross dec. 2,829,700 ; dec. 1,896,9* 

Statement to Inter-State Commerce Commission for year ending 
June 30, 1896, was given in V. 63, p. 752. 



JANUARY, 1MI7.J 



RAILROAD STOCKS AND BOKDb. 



loa 



Hnbecrtbera will confer m great favor bjr giving Immediate notice of any error discovered lu tliee Tables. 



RAILROADS. 


M , - 


Date 


Size, or 




on 


ERE8T 


OR DIVIDENDS. 


Boiuli Prlncl 


Per explanation of column heading*, Ac., tee note* 
on flint pave of table*. 


of 
Road. 


of 
Bonds 


Par 
Value. 


Amount 

Outstanding 


Bate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


Btoclu-lMl 
Dividend. 








SO 


$21.000.000 


See text. 




PHtsburg, Co.'s Office. 


Jane 1 1894 


'BoBids, see. byP.Ft. W.AC, stock (s.f.dr'natlOW.r 
Bonds, gold, tee. by pl'ge A guar. (not dr > n)..o*ar 
Car tnuu 





1877 
1881 


1. > 
1,000 


283,000 
19.467.0OO 
1.49G.842 


6 

r 


Q.-J. 
J. A J. 

Various 


Phlla.. Tr. B. D. A I. Co. 

N. V.. Nat'l city Bank. 


July 5, 1907 
July 1, 1921 


fw,iu(iaiii * forUufttlfm Btocll. *2,5OO.OOO. . 
Belrs Oap Extension 1 it mortgage .v 


62 
24 


1878 


so 

1 


2,250,1100 

- 1 1 M .. I 


-,,. :. \: 
6 


J. A J. 

r. A A. 


Phlla., Ou.TT. A 8. D.Co. 
Phlla., 26 So. 15th St. 


Jan. 10, 1805 


ConsoL mort. (for 55O.OOO> s. fund not dr-n.c' 
Clearneld A Jefferson 1 it mortgage, . , , . n* 


24 




1888 


iOO A. 

tOO AI- 


145,000 
1,000.000 


6 
g 


A. A O. 
J. A J 


Phlla., Qu.Tr. * S. D.Co. 


Apr. 1, 1913 


General mortgage for 02 9OO OOO. < 


,. 


;- .0 


1 000 


1 O21 OOO 


5 


J A J 


Phlla. Ou.Tr A 8 D Co 




Car tnuU. 74~OOO doe yearly. . . 








371,000 


5 






Mar '97 to '03 


^^V*ii V^-itt.: 8 p. c! rentM c. R.I.AP. 
.Pfo Itotafw 4 ran*r. Receiver's certificate 


47 


180*5 


100 


1,500.000 

1.: "i- 


8 per an. 


F. * A. 


N.Y.,Ch.R.I.APac.RR. 


Feb.. '97, 4% 


Stock authorized, 9.9OO.OOO 






1OO 


-.-:<- -IP 










1st M. (Peorta Drv.), gold c. 
Ut m. (Bvansv.Dlv., Mattoon to Evan.vllle,! g.e- 
if-lH mortgage, gold c' 


i"08 
LM 

ju 


1880 

1--,, 
:--: 


1,000 
1,000 

:,.HI 


1 ,287,000 
1,470,000 

J.O-- .HMI 


B- 

i 
g. 


J. A J. 
M. A 8. 
M. A N. 


July/96, pd. Dee. 24/96 
M .: ,'6.00' all n,"99 

Nov., '93, coup, last pd. 


Jan. 1, 1920 
Sept 1, 1920 
NOT 1 192A 


Chicago A Ohio RIverDlr.l.tmort. (see text.).. 
I noome mortgage, 075O,OOO 


T7 
T7 


IBM 

1--.; 


500 Ac. 


250,000 
618.8OO 




M. A X. 


See text. 


1916 
1916 


- -- - -4aBaK 






100 


10,OOO,OtX) 










lad. Bloom. * Weet. let Sf.. pref.. Int. guar. . .CAT 
Ohio Indiana* Wart. 1st M.. pref., cold. tot. gu c- 
P. A E. ooneoL M. B10.000.000. Interest guar..o- 
2dooneoL mortgage. Income, non-cam Ulan ve. .. 
J la J -fifrtii rfif fri 1st mortgage, gold, c 


KM 

9 

._,, ,._. 




1879 
1888 
1890 

1-..,, 

i--; 


100 A, 

500 Ac. 
1,000 
1.000 
l.OOO 


1,000,000 
500,000 
8,103,000 
4,OOO,OOO 
1 495 OOO 





J. A J. 
Q.-J. 
A. A O. 
April 1 

(f f 


N.T., J.P.Morgan A Co. 
do do 
do do 
N. Y., when earned. 
N Y Central Trust Co 


Jan. i, 1900 
Apr. 1, 1938 
Apr. 1, 1940 
Apr. 1, 1990 


M mortgage. g<M T. 7. .. 7. ........ , r 


20 


i--: 


l.OOO 


1.499.0OO 


4 


M: A N. 


'do do 


jfcb i* 1921 





















I Dee. 31. Annual i 

The report for I- 



Tuesday In March. 

p. 437, 463, 408. giving full particulars. 



AnDALRcroBT.-FlscaJ year ends Dec, 31. Annual meeting U held 
at Philadelphia oa set 
la the CIIBOSICLB. V. 62. p. 437, 
BAjurrvoa o* ALL LIS BOTH BAST AjrD WMT or rinaauBO AMD KBIB. 

The figures for 1805 and 1894 are mad* up on a dlnVrent basis from 
BiOTteS vam-e**4Ms*lalY. 02. p. 437. 

Tt*r*ulie Du.31- :- L8M 

OroM earning. 132.720^12 liO.137.O54 

OperatiBC ezpenaes 'J2.859.287 



Net earnings 039,061.526 $35.105,841 

The Income account has been as fotows. the "net Income" given IB 
the first line being the aaoaat of Income after dedaettag Interest paid. 

uooau Aooomrr or rajmTLVAjru BAILBOAD OOHTAIT. 
Tttir ending Dtf. 31- l-> 1094. IfM 

*OtlBeoawPenn.RR.DIVn 09.778.233 OS.779.25M 1O.296.248 
Votloseorgalnon X.J.DIv. 0re/U 727,694 mJU 079,461 <* 194^20 
Gain oa PhUa. A Erie Dtv.. 



11.400 prvStl 14,716 



r 



10.530.432 

87.317 

M.7M 

: ... na 



Balance to credit of 
Drrkteads 




10,116,435 

73.895 

S24.78O 

242,075 

2.163.210 



MM.002 02.110.372 02.804.820 

EOM.470 7.369.748 7,311.619 

16) 6,465,011 (5)6.464.47 (9)6,400^00 

911.107 
-f 1.640,073 



fo credit of profit and loss. 2.169.459 0895.099 
Batla sefrnVof claims. Ac. 



Bal. profit and loss Dee. 31. 



to 1894. la adjustment of United sT. J. RR. aad Phlla. 
oats. 04.217.620. 



< 1 i 133. 872; V. 61. p. 2f , 00. 190. 472,795; V. 62, 

M3.4I 137, 4*3, 4*8, 603, 690,704.726.1087; V. 03, p. 

U.) 

w'bat has ahi'rge of ail the system of the 
west of Plttaborg. Its llaea Including : 

COVTBOLLBDBT STOCK OWJt BBSBtr. 

BH 

cin. * Mosklngam Val. By.. 1148 

OUrtUad * Marietta Ry iff 

Torre Haute A Indianapolis.. 180 
Line, leased to T II. * I 615 
Cla. Rich. * Port Wayae I . 8 
Wayneaborg A Washing. RR. 18 

COTTBOLI.KH Jul*Tl.r WITH 

(mi* 

Pitt*. Chanters AYoufhRj. 17 
Tol. Peorla A Western RR . 7231 
Trackage 131 



Penn.)l,.nl. 
company owns no road la fee bat has 
Pennsylvania MmUnmd Co. 

LBASaD BT TBAXSVEB rBOM FA. BB. 
PlttA.Pt. W.*Ch-Ky.,etr.- Milt*. 
Pitta. toOh.. via Pi W..ete. 16u8 
Brie A Pttlaburg RK.. etc .. f W 
Cleveland A Pitts. KK..ef 

LBA.BO I-lsai Tl.T BT TA. OO. 

Pttts. Young.. A Ashti. 
TotaswWald.Val.AUhioRB.1126 



>1 operated directly. . . 
HOI.LBU M i r .. K ownEBsiiir. 

hie. A Bt. Loots - 
Pltt.l.ur. 
In.ni.|. * Vlurennes RR. 1 133 

.1 all Hoes. ................................................... 3382 

i Also eoMroUM by stork ownership. 1 See statement for this co. 
perated by ur 



I O 



. 
rand Rapids * Indiana. 



' -hanered la Poansylvaala April 7, 1870, aad oper- 
te. all the Pennsylvania', leased ttaos west of Pltuburr. Its stoek 
owned by the PennsylTaala ArilrMst. On Doeember 31, 1895. Ik* 




. 
Of these seoarttMs part 



said beiow. 



stoek. and 

39,196.081 
of 1.4O1.408. 



DtvtDBiTD*. In 1893,4 per eeat: then none till 1892, when 4 per 
OMt was paid la March: In 1*93. March. 4 p. r.; la 1894. June, 4 p. e. 
*.-a,i p. t. bond* are secnred by B4.OOO.OOO of Ptunurg Fort 
A tTtfeagospeetal stock. If aot e/srad oader sinking fund 



provlaloas at 106 they are oVoant at 1OO. The ff*M aen4so/1921 
aross*an by a deposit In trust of the leasee of the Ptttab. Port Wayne 

the Clove. A Plttsb. and Erie A Plttab. railroad., and of bonds , 
aad toek. having a -ar value April 1, 1081, of 024.171.63O, as wall I 
-r HOB oa eertala real estate. They are also guaranteed 

Pennsylvania Railroad Com- 
we of the mortgage are w. H 



Income account has shown after payment of all obligatory charges . 
la 1890. net profit. $1.081.958; In 1891. net profit. 01,729.938; In 
1892. profit. 01.229.974; In 1493. profit. 1.O50.476; In 1894, loss. 
687.47ti ; In 1895 profit. 0947.O34. (V. 63. p. 78, TM.) 

Pennsylvania * Morthtrestern. Owns Bellwood, Pa., to 
Horatio, 62 mile. ; total. Including branobee, 75 miles. A consolidation 
Jan. 1. 189O.of the Bells Oap and Clearneld A Jefferson roads. 

DiviDBXDB.-In 1890.5 p. e.; In '91.5; In '92. 5>; In '93. 6 p. .; in 
1894. Jan.. 2 p. c.; la July none ; la 1899. 2 p. a; In 1896. none. 

Bom*. Of the B2..1OO.OOO general mortgage bonds sufficient are held 
to retire the prior tasoes. whoa doe. 



BAKKIMM.-IB year 1896 



814 : net. 0190,681 ; Interest. 



Pen*. Poaghk. * Boston. -See LEHIOH A NEW ExoLA.tn RR. 

Peorla Drralur* Kvansvllle Ry. Owns from Pekln to E vans - 
TlUe. 227 Bule.; branch. 6 roller Chicago A Ohio River DlvUInn, Sldell 
to West Liberty. 78 miles (laid mostly with Iron rail*); total owned 
311 miles; Joint track to Hervey City, 7 miles; leasts. Pekln, lit, to 
PVorla. III. 10 miles; through Deoatur 3 miles; total. 331 miles. 

HirroBT. Companv owns f25O,OOO Peorla A Pekln Union stock 
: >. A E. owns 22O.OOO of the 0250.000 Chloagn A Ohio R firnts 
outstaadlBC. as In table above, and has Issued as collateral an order 
fur * 100,000 additional Chicago A Ohio R. flrste unissued. 



..-,,....,.,.. ETC. Oa January 13, 1894, placed In receivers 
hands. The receiver la now E. O. Hopkins. 

Cocro* PATMB.<m.-See table for the date of last coupon paid 
Central Trust Co.. N. Y., when authorized, pays coupons of P. D. A E 

u w rrrua. tint r<a bondholders' oommlttee iboth divisions 
eonststs of Walstoa H. Brown. Chairman. 4O Wall St.; Win. Augusta* 
White. 130 Water m.; K H. Ladd. Jr.. Morton 8. Paton. Charles A. Pea- 
boar. Jr. Depositary. Atlantic Trust Co., N. Y. V. 58. p. 514. 

Jstsuit XortffUfr BtmtUutldtrt" OomwUfss. Moses L. gcndder 
Chairman ; Onarios 8. Palrrhlld. Jenkins Van Sohalok. R. Suydam 
Grant. W. H. Pane; depositary, N. Y. Beeurlty A Trust Co.. N. Y. 800 
V.60. p.930. 1106. In Kept., 1806, !, &29.0<>0 seconds had been de- 
posited, la June. 1800, foreclosure of 2d mort. was delayed by 
claim t hat the old Incomes had been wrongfully converted into sec- 
ond.. V. 62. p. 1041. 

PLOATTMO DBBT. On Dee. 31, 1899, total current liabilities were 
15. Including Mil. payable 0935,371 (of which 0473.OOO were 
notes payable to Bvaasvllle A T. II. RR.); current assets, 0199,919; 




John P. Qreeaaad Hoary D. Welsh. In 1892 aad 1893 the 
aranteed eortata Plttsborg CteotaaBtt Chloago A 8t.Loals bonds. 
AL RuroKT.-Report for 1000 was to V. 3, p. 73. The total 
> operated or controlled by tl.ls eompaay Dee. 31, 1895, was 
MTj-oaonted directly by penn'ylranla Co. 1.226 miles, Including 
"" wI Jointly. In year 1096 crose on 1,226 miles. 020.088.964; 
I.629-. ebarge., 07.368.594 : balanee. surplus for year. 0947,- 
006. Fa 18*4 (nee, 017,904^22; Bet, OMMM34. 



(1st and 2d mortgages,. 0249,149, etc. See V. 60; 

LATBBT EABSIHOS. 10 moa., > 1896. Gross, 0715,728 ; net, 0:107.377 
Jan. 1 to Oct. 31. { 1896 .(Jross, 796,197 ; net. 238.484 

BacBivau' Rgrorr. Report for year ending Dec, 31, 1895, waa 
Klri-n In V. 02, p. mi. Interest on 2d mortgage (which was not paid) 
not Included for 1805 and 1 -t4 below. 

Hrot*. \'i Inlrml. KrnL.Jr. lialanet 

1000 $9 11,776 0244,141 017O.897 030,141 sur.043403 

1894 860.998 161.22O 173.43O 30.854 def. 43^064 

1803 922.101 346.629 313,885 37,790 def. 6,046 

To surplus for IHIIS should be added 015,000 from dividend on P. A 
P. U. stock, making total mriilus 098.1O3. 

Presldeat, Wm. E. Strong, 3O Broad St.. New York. iV. 62, p. 85. 
180. 366, 688, 081 , 1O41. 114O; V. 63, p. 358 ; V. 64. p. 42.) 

Peorla * Kastern Hr. /* Map OUt. Cin. Chit. 4 St. Louit.i 
Owns from Pekln, 111., to Indianapolis. Ind., 2O2 miles, and has a Men 
of B5,OOO.OOO on Rprlnirfleld Division. Indianapolis to Hprlngneld. 
Ohio. 141 mile.; trackage. Pekin to Peorla. 9; total operated. 352 mile,.! 

LBASB, ETC. Formerly Ohio Indiana A Western, sold in foreclosure 
In 1890, reorganised per V. 49, p. 616, and leased till Apr. 1, 1940, to 
Cleveland Cincinnati Ch. A St. L., which guarantees Interest, but 
not principal, of the first consols and the underlying bond., and owns 
one-half the OlO.ooo.ooo stock, par B1OO. See SDI-PLKMCMT of Jan., 
1894, as to provisions respecting any surplus over charges. 

Bonos. The consolidated mortgage of 1890 cover.. he.Mes the road 
owned, the 05.OOO.OOO purchase money lien on the Hprlnir field Division; 
M .5OO.OOO an reserved tn retire the prior lien, and a sinking fund for 
this purpose held O'OO.OOO on Junn DO. 1R95 ; C. C. C. A t. L. Is en- 
n 0367.567 P. A K. notes an. I Jnnr 30, 1895. held 0397 JOOO 
consols as security therefor these In addition to the 08,103,OoO 
Bee abstract, of mortgag** of IWto In V. 51, p. 246 and of O. Ind A 
Western mortgage. V. 47, p. 201. Due lessee July 1, 1895, 0893,563. 



a. 5 month., / 1896 (iross, 68K l 85n ; net. Ill 32 34 S 

Julv I t.. So-. . :i v I -.!!-, (iro... 881.101; net. 221,fi31 

t under charges B5 1,660, against surplun of $37.H'j:i In 1895. 
AHKCAL RKPORT. Fiscal year end. June 30. Report for 1898-96 
ws In V. 63, p. 996 sec also lease's report ]>. 561. 
Year. Orost. w. Inltrett, fit. Balane* 

1895-6 1,902.235 M57.9OO 0441,620 sur.016 28O* 

1.811.740 463,93H 441,620 iiur. 22,318 

1893-4 1.600,806 177,190 441,620 def.264 43O 

V. 61,p./07,j**! V. 63, p. 4*6. 



110 



ENTESTOES' SUPPLEMENT. 



[VOL. LXIV. 




JAM-AKY. 1887.J 



RAILROAD STOCKS AND BONDS. 



Ill 



oiibM-rlbrr* Will confer a great favor by giving Immediate notice of an? error .11., .. i , r, ,1 in these I'abl, .. 



RAILROADS. 



For explanation of eoli 

' ' " L 



headings. 



page of table*. 



Mile* 



of 

Road 



Date 

of 
Bond* 



Size, or 
Par 

V ,.:!, 



Amount 
Outstanding 



Bate peri When 
Cent. Payable 



INTEREST OR DIVIDENDS. 



Bono* Priiioi- 
pal.When Due. 
Where Parable, and by Stock* Last 
i horn. Dividend. 



P.4.<t.L.KK.-\*l M., $1.100.000, g., $2O,OOO p.m. 
e*r*iommln M.. *er. I (1st rn) gold. mi. p. * Lo- 
ut St. *er. 2 I2d 1'n) cold. roar. p. Al (end.), .' 
FteHmrj*gk KK. Stock (rental 4 per cent) 



M 



1888 
1888 



Guar. pref. stock. 3 per cent. lien prior to inort* 
l*t mort. (payable fSS.OOO. due yearly Jan. Dear 
More bondV cL A. $SO.OOO. *.. reMrred for 1st M. 
bond*, plan B, cold 



..,,.. 

FHita. * Caw. rol.-lst M.. pf.. Int. red. In'M.g.o* 



Ml ST.-.'. 



reduced In TO. 



1. g-.c- 

[ ($10,000.000 author.) 
__jj, 7 p*r O6ot*> tnof1.ll 
Baal i" R. 1st M.'. lext te 1877)7.7. 

fi' ' 




A L by Pa. RR c 

.OOOare&snj- 
lit M.. gu. by Pa. BR.r 

.gold e 

- rental.. P. A R. RR. 



59 
M 
59 
M 

73 



M7 

Ml 

40 

MI 

Ml 

7 



tPtUm^rf lt laoct., o>d.e-*r 

r.-lstM..gold,gu.p.AL<end.)c- 



33 

Kl TIKl.II 



1869 
1881 
1881 
IM1 
1888 
1888 



1--.7 
1869 

I-.;., 

1883 
MM 

1890 
1893 



. 

tgage ($1 
M.. not e 



.'tiifT'ir'll for CoaiAIroBCo. 
...... e*r 

fold...e- 



let pref. tee. 



a^tetfe^^sa^^.^i..,. 

Donned Income* (after stock) Bee V. 54. p. 339. 

Car trust. Berlee C. $30.000 due O.M e' 

Oar tmst, Berle. D, $310.000 dnoNov 1.. gold, .e- 



M7 

337 

ttn 

Ml 



1893 
1888 
1888 
1888 

IS 

IS 



100 
l.OOO 



*7;i:i..; 



100 

500 An. 

;.,! 

1,000 

1,000 

500 

500 

50 

50 

1.000 
1,000 
1.000 
1.000 
1.000 
5O 

1.OOO 
MMO 



.. 
385.000 
960.800 
323.SOO 
86.000 
893.000 



5g. F. A A., 

5 g. 0.-J. Phlla., Pa. Co. Ins.onL. 
5 g. Q. J. do do 

4 A. A O. Nashua. X. H. 
See text. J. A J.I Richmond. 
See text. J. A J. do 

8 J. A J. Rlchm'd and Peterab'g. 

5 g. J. A J.| do do 



2*0,510 
100.000 
7.989.000 

2,400,000 

976,000 

8.68O.OOO 

10,143.000 

1.000.000 



50 

l.OOOAe 
1,000 
1.000 
1.000 
50 Ac. 
l.OOO 
1.000 




6 g. 
4> AS 

4 (5) g. 
3 (4) g. 



A. A O. 

M. A X. 

A. A O. 

A. A O. 

Yearly. 

\ .v .. 

J. A J. 

A. A O. 



ti 



6 
4g 



i2 



M. A N 

M. A N 

A*- 



do do 

Phlla., Penn. RR. Co. 
Oct., '94. coup, last pd. 
Oct. '94, coup- lat pd. 
Phlla.. Broad Bt SUfn. 
PhUl . Bioad .-t ..r'n. 



do 



do 
and London. 



Phlla.. Broad 8t Stafu. 



do do 

do do 

Phlla.. 132 So. 3d St. 
O15 Phlla., Comp'T's offloe. 
A O. Phil.. Phil. A Bead, RR. 
BJI8BCD KITIES, UB READING 



i. A J. 
J. A J. 

K- ! 

Feb.1 
Nt i 



L-F. 



Aug. 1, 1936 
J.iii. 1. 1918 
Jan. 1. 1918 
Oct. 1,M6. 2< 
Jan.! '97,3 V 
Jan.1'97,3 
Jan., 1898 
July 1, 192 
Oct. 1, 1926 
Nov. 1. 1911 
Apr. 1, 1938 
Apr. 1, 1938 
Men. 1, 1894 
Deo. 31, 1893 
Oct. 1, 1897 
July 1, 192O 
July 1, 1920 
May 1, 1918 
Nov. 1. 1944 
Deo., '96, 3?i 
Oct. 15. 1926 
._ Oot. 1. 1942 
C OKI-ANT. 



Philadelphia, Offloe, 
Bee text 

>b.. '93. coup, last pd. 
do do 

do do 



Phlla., Fidelity Tr. Co. 
Phlla., Prov-t Life A Tr. 



Jan. 1, 1958 
Jan. 1, 1958 
Jan. 1, 1958 
Jan. 1, 1958 
Irredeemable. 
120,000 y'rly 
310.000 v-rly 
1808 I -::<' 



dlrtdrad of p. e.: In 
Mite payable fti.OOO; H 



Pvorta A Pekla I nlon Hjr.-OwM Pekia to Ptwrla. 1O mllee 
B eaea Me of IlllnoU RtTcr; total oprled 9O mllo. ; aUo own* 
41 i>lle* of ehMagi Th read I* a B!>B read, aad the toe> et 
$1.000.000 wMlaken by taedlflhraot Peorla RB. aMapaatae, awl the/ 
par a rental aad aUe leiBllBBl tiBu. Bee V. M. p. 353. In 1895 
paid dlrtdrad of p. e.: In 1M93-4 paid ftp. e On July 1. 1806, there 

Ideblt) *394,659. 




-V. 59. p. lto?r 

Pe*rtm * M. IHM|> KK.-Lrader aiMtfUB frotn flptlnilliM 
to Peorta. 5u mllM. IiMnrato4 Jalr 34. 189O. flnt mortae U 
for $1.100,000; morvcace Owtoa*. Bobert Maelay aad Uleheneekar 
Tmrt OaT K?^ PreTKeai. JiH;f>mi. oTSSaaeTUla. Ill V. 63. 



p. 560. 
Perls 



from Perfetoeaea 






I m^ 
la 18H7 
l $000.000 
$116- 
1.483. 



Lealed Aptll*lTf 3. to 
toekaedail 



te 1877 -. _ 

ihare pee raea. Dl vtdoad OB 




, $187.4367 V. 59. 
a. li V. 61. p. IOCS; V. 6*. p. **S i 

Phll.drlphl. A Hiliimor* Catra>l_Wert Philadelphia to 
OMoraroJo..Md..63adlo>;ira*ato We.t Chester. Pa.. 9 m. (double 
track. 1-2 m.,: branea. 1 m.: loaded. Caettor Creek RR.. 7 m. Phlla. Wlfc. 
* ho4 $3.47.1OO of the $3.499,334 



took, ami road to a part of Poaasylvaala system. Flaeal year ead* 
Oot. 31. Forl80&06.svoa* earateg*. $M,63I ; aei. $73.456; Interest 

SSI aesMMltA. tl BAA.7A9. Amt --- -^- - OJ*a SUU1 ! laoA-ll 

"*^ * ^* <^ w r ^^Mj^^*,^^w.i9.Mj ill i Ttrv.'.Kn^M, 

$009.483 ; not. $150.780. IB 180S-04 groea. $M3.$$3: net, $3M.4O7! 



A Ckeer 

to Duvnlnrton. r-a. W mile*. 



H. i. . ' - 

Capit 
total. 



: (par 



Bridge 

In 188<t. Capital stock .._ 

ao>l.eo*oa,$ ^50.000: preferred. $*,IOO; total. f75a.lOO.of 
whloh Phil. A Road, ova* $1*4.700 common aad BOS.1OO preferred. 
the sa-ae betag depooltod ader the P. A R. eoll. trast deed ofl 803. 

npVmVVMMMl A 1 *> BBS*****. iln ! nm ** I *k *.** ** *Bsm*Bs*> 

|Fr*rr"R", *M t ivVRr $) rWQ *" ^I *V*n*WW$) W O**l 

agreed to te Doe.. 1$06. by 0$ per eoat la tetoraot of 
See V. 6. p. 1064. Tho BOW iaadlag. It Is 
leolkBlatoraN. 



KABxnoaror year eodlig Jane 3O. 1*06. 0001. $.VI.O92; aot, 
".2Pieharg~i. ^18.444: hat*. ef..J34. IB 14 5, croi. $47,667; 
Be*. <M$$j ii.rBBi, $1/H1 ; baiaaee, doOolt, fl8.7U. IB 1893-4 
groM. $4$.66a; doSSt maVJiropermUa*. $4.317.- V. 63, p. 1064. 



Phll.drlphl. A Brlev-<jB< Map . 

Own* Banlrary to Rrto. Peaa.. 387 llei- doabltrack. 78 mile*. 



K./-Ro 



OBo^:/.n... LCAM. Ac.-ronaetly Sonbary A Erie. I.d M 
PnnylTni RR. Co. for 999 yean, aad aetoal aet receipt* paid a* 
natal ^PwuMTlranla RB. owned Dee. 31. I45.$3.5O1.OO oonomi 

aad rtty of ntttTSySL UlmuSSffiw.SnSmSSSlSS^'**' 



rtty of 

DITIDUTD. -OB *WVB>OB IB 1$M. Mar., 3 p. e.; 1894,Mareh.3 P.O. 
KtuxriKM.-!! BMa.. { 1M96 ..... Oroe*. $4.161.177; net. $1.215,007 

Jaa.ltoXoT.a (!$$ ..... Oreem. 4487.U9; net, 1.177,009 

AIL REPOBT. -Report for 103 wan given IB V. 63. p. 916. 
rorW Dw. 31- ;-.-. ISM. i-..i i-.,.. 

OTIM* aralar* ........... $4.37i..',74 $3,965,196 $6.104,879 $5.25^51 

Total a*t taeooM ...... $1,1S1.4O$1.O2O.411 $1,546.783 $1.916.571 

.$1.047.470 $1.047.470 $1.012.470 $1.042.470 
168.000 l^^H 
B't,Ae 129,943 118.124 1X8337 132.3O7 



MT.$O37 df.$l45,183r.$2O7^48iir.$173.794 
. M. P. 343; T. 6O. p. 3O3. 3O ; V. 61. p. 517: V. 63, p. 316.) 

i A Cbralnal Hlll^-In Philadel- 
OB Connecting Railway, to Cbertaot 
r*m Ma7l.l68, loaeW for 8O r 



to the Pennsylvania Railroad Co.. which guarantee* principal and 
Interest na the bond*, aad Jan. 1, 1896, owned $1,262,750 of the 
$1.363,000 MUtaadlng *tock. Authorised (took $3,000.000 (par, $50). 
Of the ooneoL BMrtffage for $3,000.000. $1 ,000,000 reaervedte retire 
flnUof 1883. Interact tree of all taxes. One* earning! In 1895. 
$164.367; net. $13.196. Interest on bond*. $S4.863. other oharree. 
$7.2i:t. bal..dofl0tt, $48,880. In 1804. groat, $949.568. net. $80,609. 
In 1803, groo*. $250,038; net. $99,800. (V. 59,p. 880.) 



Phlla4lpkla 

Pa., to Norrtatown aad Oermantown. Pa.. -JO 



. .. 

mile* : Chestnut Hill RR.. 4 Bile* : total. 34 mllee. n o 

10. 1870. lPhlladJphlaABeadlnRal^adfor999rear* at a 
of $360.633 and $8.000 yearly for organisation expenses. Div 



elphia 

Plrmouth RR., 
Leaned November 
t a rental 
Dividend* 



are 3 par cent quarterly (1 3 per annum), but In March and September, 
1893. only 2 4 p. o. each wa* paid on account of certain lossea. 

Philadelphia II rrl.bu rg A PI tt burg. Owns from HarrU- 
burg. Pa , to BUppoaoborf ,on the Western Maryland Railroad. 41 mile*; 
siding* and lateral* 14 mfles. Opened In April. 1891, and leaned for 999 
roar* at 5 p. e. on stock to the Philadelphia A Beading RR.. whloh by 
enaoracaiMt en **Mh.*n>arantoed the bonds, priaolpal and interest The 
al covers Intrrest OB eoad*. tax** and oxpeaoa*. Stock. $2.000.- 
lpar.$AO). of whloh $1^83^00 owned by the PhlL A Read Mort- 
i Is for $3.000.000. 

ilokla >rwt*WB * *ew York RH, RoAU-Phlla- 
Newtowu. Pa . 31 uille*. branch 1 mile. Opened te 1878 

and operated since 1879 In connection with Philadelphia A Beading. 

which guaranteed the bond*, principal and Interest, by endorsement. 

IB 180$ U wa* staled that the road would be operated directly by the 
Capital stock. $1.600.000; par, $60 

...... ila A steading. This railroad was foreclosed Sept. 

33. 189$, an*! transferred to the Philadelphia A Beading KaUmtt Oo. 
The capital stock of the Railway Company, a* also the stock of the 
Coal A Iron Oo.. U held by the -Beading Company." which will Issue 
thenewsoeuritlesaathorljedhytheplanof reorcsnltatlon. T Be stock 
U* table above are merely those disturbed. The seourl- 
Md and also the seearltle* to bo Usued are given under 



the beading "Beading Company." So* that company's statement. 

Philadelphia Stradlnc A New Kagland. K<>AK-Thl 
own* from Camplwtl Hall, crossing tin- Hudmin River 




Its own brWgr. to HllvernalU, 58 miles ;and leasee 
OonnVWoitom. Hartford to Bhtneollff, 1O 
aUo leas** and eoBtroU Doteheo* Oo. RR., 
to Bopewell June,. 13 mile*; trackage. 1 mile. 

ldatloa te July ,'92. [by plan In V. 54, p. 

$07) of Contra! New England A Western and Poiunkeep&le Bridfo 
sa>paal. Road wa* controlled aad operated by Phlla: A Readme, 
bat the gaaraBtoed Interest doe May 1 and August 1, 1893. was not 
paid, aad on August 19 J. K. O. Sherwood wa* appointed receiver. 
Interest on Dutcbees Co. RR. flrsts paid regularly to December, 1896. 

ROKDMOLDKU* Cc>HiTTKE. ChalrmaB, O. A. Fletcher; U. L. Davis, 
r. Tower, Jr., . M. Janner, J. W. Hamer. H. Herbert Plggott, Arthur 
Brock. Lebanoa : H. O. Selxas, New York.-V. 60, p. 131, 178, 523 , V. 

.J. j. 1.1:1. -I..'. 



KIKT MDBTOAOB OoMMlTTEa. John 8. Wilson. Chairman. John 
vuuam H. Jrnks. Joseph Moore, Jr.. and Harry A. Berwlnd; 
odlee 360 Bullitt Building. Phlladelpbla. A large number of flrst* 
hare been deposited with the Olrard L. I. T. A A. Co.. Philadelphia. If 
the bond* cannot he sold to the reorganlten of the property, fore- 
closure proceedings will be ln*tltuted-see V. 64, p. 84. 181. In Do- 
oember, 1896, BO plan for reorganisation bad been formed. 

OTOOK Common U $4.6OO,OOO. of which about $4,000,000 owned by 
Phlla. A Reading ; preferred. $3,O00.6OO. 

BOBHa. Beth the mortgage* (Guarantee Trust A Bate Deposit Co. 
trustee) cover 31.300,000 Hartford A Conn. Western stock, etc. 
la January, 1894. *33O,Ooo of note* pledged for Interest payment* 
$7:15.000 first moruage bond* a* collateral Loan* 
June 3O. 1896, $35O,OOO; upen accounts payable 
i. $409,396 ; open aooouuU receivable 



bills 



. 
raetod prior to reoelvershipi 



LATKOT RABWlna-13 mo*. , ( 1 806 . Oross. $746,509 ; net. $200.674 

Jan. 1 to Deo. 81. U 89ft. Gross. 724.114: net, 201,662 

8urp. over charges $60.130 In 1896 and $33,517 in 1895. 

BABXUM*. -No Interest to July. 1896, had been paid on the funded 

debt since Feb., 1893, the charges Including rental*, taxe*, Ac., and 

;.-.- , .T, . , , . 

For yean ending June 3O earning* have been a* follows: 

Tear SKIM SO- Oroti. -Vet Okarot*.' Balanet. 

1895-6 $746,569 $2OI).674 $140,544 *ur.!fWO,l.'M> 

l-'i 734,114 201,661 168.144 sur. 33,517 

1893-4 779,676 12,tlMS I:i7.ti36 def. 124,948 

NOTK. ciiargm do not Include any bond Interest. 

In 1 893-93 croM,$ 1,023,2 18; net, *34.356; fixed ehargen, $365,735; 
loss. $331^80. (V. (W, p. 139, 305. 549, 684, 87OJ V. 63, p. 508, 8J j. 
1159; V. 64, p. 84, 181.1 



11* 



LNVESTOKS' SUPPLEMENT. 



(.VOL. J.X1V. 



siib.rrlbrr. will confer m great favor by giving Immediate notice of any error discovered In thee Table*. 



RAILROADS. 


Ulle* 
of 
Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bonds Princi- 
pal, When Due. 


for explanation of column heading*. Ac., see note* 
on nrt page of table*. 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


Dividend. 


Pkil. Krad.4 Xttr 119. 1*1 M.,gold,guar. (end.).c' 
Do (4 p.c. till Bcpt.'3; then ft P.O.I guar.p. 41.0* 


58 
58 
58 
58 
12 
27 


i -.i-j 

IM'.I- 
IHICi 
1H!I2 

1890 


* 1,01 10 

1,000 


$3,750.000 
2,500,000 
As collate 
3,850,000 

KfXI.OIH) 

See text. 
11,819,350 
800,000 
l.OOO.OOO 
1,000,000 
l.OOO.OOO 
930,000 
l.OOO.OOO 
650,000 
650,000 
3,500,000 
5,000 
10,000,000 
3,000,000 
885,000 
(I 
320,000 
368,000 
22,651,901 
2,631,000 
780,000 
715,000 
1,506,000 
2,043,000 
1,995,000 
3,000,000 
6,863,000 


4 g. 
4-5g. 
5 g. 
S g. 
6 g- 
lOpenui. 
See text 
6 
5 
4 
4 

4g " 
4 g. 

See text. 

6 5g ' 
6 


F. 4 A. 
M. 4 N. 
M. 4 N. 
Oct. I 
J. 4 D. 
Q.-J. 
J. 4 J. 
A. 4 O. 
J. 4 D. 
A. .V- 
M. 4 N. 
J. 4 J. 
A. 4 O. 
SIT tc.xt 
F. 4 A. 
J. 4 D. 
J. 4 D. 


Feb., '93, coup, last pd. 
Nov., '92, coup, last pd. 
Nov., '92, coup, last pd. 
None paid. 
N. Y. Chase Nat. Bank. 
Phlla. , Company's Office 
Phlla., Broad St. Stat'n 
PhU.Of.;Bost.,Kld.Peab 
do do 
do do 
Phlla., Broad St. Stat'n 
do do 
do do 


Wov. 1, 1942 
Nov. 1, 1942 
Nov. 1, 1942 
Oct. 1, 1952 
June 1, 1940 
Jan., '97. 2^% 
Jan. 2, '97, 4% 
Apr. 1, 1900 
June 1, 1910 
Apr. 1, 1917 
Nov. 1, 1922 
Jan. 1, 1926 
Oct. 1, 1932 
Fdb.22, 1896 
Aug. 1, 1911 
Deo. 1, 1932 
Dec. 1, 1932 


Inc. M. non-cu., 8cr.A,*175O,OOO;B,f2100.(XX).c- 
Dutche*Co. KR. lt M., gold.guar.P. R. AN.E.o* 
Pkilu. it Trenton Stock 10 p. c. rental, Penn KB.. 
Pkilatlelphia Wilmington (tJhtttimore Stock 


1,000 

1,000 

100 
50 
1,000 

1.000 
1,000 

1,000 

1.000 

1,000 
50 
1,000 
1,000 
1,000 
50 
1,000 
1,000 


~ Plato bonds, n. fun J $ 1 ti.OOO yearly, not drawn . . r 
Plain bond*,*. fund$20,OOO yearly, not drawn. .r 





1875 

1SSO 
1.-S7 
I^s 7 
1891 
1892 




















29 
75 
75 


1886 

IMS', 

1887 


Baltlm.,Hambleton4Co 
N. Y. ad. Cent. Station. 
do do 


AIM Cree* Tt M., guar. prtu. and Interest (end.)r 


PitUbvrgJtffsemerttL JS Stock $10000000 


Pit tab. Slien. & Lake Erie, 1st mort., gold o* 
Con*ol. liit mortgage, Tor $4,800,000, gold..o* 
Plttob. Bee*. 4 L. E., consol. M., $10,OOO.OOO, g. 
PUIsburgOiartim <t YoagMogtienu Istniongage. 
Gen. M. 91,000,000, gold, gu. p.4I. (end.) See text. 
PUttburg Cinriimali Vhitago d St. LouitPnit. st'k 
(CoLilnd. Cent, IstM. (Colnm. to Ind. 4br.).o* 
< Col. 4 Inilliuiiipnlls Central 2d mortgage o* 
1 Union 4 Logansp't l*tM.(U'n City to Logans.)o" 
Chic. St. L. 4 Pitts, cons. M. ($ 22.OOO.OOO) g. . .CAT 
Jeft'nvllle, Mad. 4 In. 1st M. (*. f. druwn at 1 10). o 
2d mort., Jeffersonv., Ky.,to Indianap. 4 ur'h.c 
5 Steub. 4 Ind., 1st mortgage, extended In 1884. r 
\ Pitta. C. 481. L., letoousol. mortgage .. ckr 


"16 
16 

l.oirn 
208 
208 
93 
580 
222 
222 
116 
216 


1890 

IH'l.'i 
1H1I7 

1882 

is.2 

1864 

1SII4 

l st;r. 
1883 
ISiiti 
1870 
1864 
1868 


58- 

8- 

i* 

4 g. 
See text 
7 
7 
7 

7* 
7 
5 
7 


A. 4 O. 
J. 4 J. 

F."iA. 
A. 4 O. 
8eini-an 
J. .t J. 
M. 4 N. 
A. 4 O. 
A. 4 O. 
A. 4 O. 
J. & J. 
J. 4 J. 
F. 4 A. 


N. Y. Central Trust Co. 
do do 


Oct. 1, 1940 
July 1 1943 
194> 
Feb. 1, 1902 
Apr. 1. 1932 
Jan. 27, 1896 
Nov., 1904 
Nov., 1904 
Dec., 1905 
Oct. 1, 1932 
Oct. 1, 1906 
July 1, 1910 
Jan. 1, 1914 
Aug. 1, 1900 


500 40. 

1,000 

100 
1,000 

1,000 

1,000 

1.000 
1,000 
1,000 
1,000 
1,000 


Pittsburg, Office, 
do do 
N.Y., Farmers' L'n4Tr. 
N. Y., Union Trust Co. 
do do 
do do 
do do 
N. Y.,Farmers' L'n 4 Tr. 
do do 
N. Y., Nat'l City Bank. 
Phlla., Broad St.Statiou 





Delaware RR. IT 117 

Delaware Md. & Va. IT 98 

Baltimore 4 Potomac 11 97 

Other lines (6) 156 

Total (fl see this company )...C65 



Philadelphia & Trenton. Philadelphia (Kensington), Pa., to 
Morrisville, Pa., 23 miles, mostly four-tracked, and branch 3 miles. On 
Dec. 1, 1871, leased, with the United Cos. of N. J., for 999 years to the 
Penn. RR. at 10 p. o. on $494,100 stock, the total issue being $1,259,- 
100, the balance being owned by the United RR. of N. J. 

Philadelphia Wilmington & Baltimore. (See Map Penn. 
RR.) Operates from Philadelphia to Washington, D. C., and from Wil- 
mington, Del., to Delmur, Del., with branches as follows: 

Lines owned Miles. 
Philadelphia to Baltimore 04 

(all double track.) 
Branches to Delaware City, etc. 23 

Lilies controlled, leased, etc. 
Philadelphia & Bait. Central:) . 80 

ORGANIZATION. Penn. RR. owns $10,890,950 stock (mostly pur- 
chased In 1881), and controls the operation. The P. W. 4 B. owns 
took In the Cambridge 4 Soaford, Columbia 4 Port Deposit, Junction 
RR. , Queen Anne's 4 Kent, South Chester 4 Un. RR. of Baltimore, etc. 

DIVIDENDS. From 1868 to 1887, inclusive, 8 per cent yearly ; in 
1888 and 1889. 7; in 1890, 6; in 1891, 6; in '92, 7; In '93, 7ia p. c.; 
In 1894, 7 p. o.; in 1895, Jan., 6>s p. o.; In 1896, 7 p. o.; in 1897, Jan., 4 p.c. 

BONDS. All to be secured by any future mortgage. See description 
on page 4, SUPPLEMENT of April, 1895. Mortgages and ground rents 

ANNUAL REPORT. Year ends Oct. 31. Report for 1395-96 was giv ._ 
In V. 64, p. 178, showing, gross, $9,047,131; net, $2.353,123; other 
Income, $550,927; Interest, rentals, etc., $1,760,525; dividends, $827,- 
354; bal., surplus, $316,171. In 1894-95 gross, $9,142,532; net, 
$2,615,642. In 1893-94 gross, $8,695,959; net, $2,340,627. (V. 58 
p. 177; V. 60, p. 131, 347; V. 62, p. 139, 22; V. 64, p. 178.) 

Piedmont & Cumberland. Road extends from Piedmont, West 
Va., to Cumberland, Md., 29 miles. In February, 1894, the road was 
leased to the West Virginia Cent 4 Pittsb. RR. till Aug. 1, 1911, for 37 
per cent of gross earns. Penn. RR. Co. on Dec. 31, 1894, owned 
MOO.OOOof the $650,000 stock par $50. First div., 5 p. c., paid m 
Maich. 1894; In 1895, March, 6 p. c.; In 1896, Feb., 6 p c For rear 
1894-95 profit to lessee, $20,289; fu 1895-96, $10,633. 

Pine Creek. Owns from Stokesdale Junction to Newberry Juno- 
lion, Pa., on the Fall Brook Road, 75 miles. ORGANIZATION. N. Y. 
Central controls the capital stock and the road Is leased to the Fall 
Brook Railway Co., forming a connection between the Central and 
the Philadelphia & Heading. The 1st mortgage is guaranteed by 
the Central, the Reading and the Corning Cowanesque 4 Antrim 
(now Full Brook By. Co.) Jointly and severally. See form of guaranty 
V. 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1, 1894 N Y 
Central owned $999,000. 

EARNINGS. Year ends June 30. In 1894 95, gross, $906,262. For 
reat 1393-94 lessee reports gross, $852,470; net, $353,580; rental 
9255,740. In year 1892-93, gross, $986,410. (V. 59, p. 3 7 6.) 

Pltubunc Akron & Western. SEE NORTHERN OHIO Rr. 

Plttiburg II. --, in, i- & Lake Brie RR. (See Map.) Owns 
line to be completed by August 1, 1897, from Pittsburg, Pa., to Con- 
neaut Harbor on Lake Erie, and Wallace Junction, Pa., 163 miles- 
terminal In Eric, etc.. Pa., 2 miles; branches, 28 miles; leases Mead- 
vllle Conneaut Lake 4 Llnesville RR., Linesville to Meadvllle 23 miles- 
trackage, N. Y. Chic, 4 St. L., to Erie, 12 miles; total, 228 miles of 
which In operation In January, 1897, 187 miles. 

ORGANIZATION. ETC. A consolidation Jan. 14, 1896, of the Pittsburg 
Shenaugo & Lake Erie and the Butler 4 Pittsburg (organized to build 
the 42 miles from Butler to Pittsburg), whose stocks were exchanged 
doUar for dollar for the stock of the new company ($2,400 OOO new 
consols being also given In part consideration for Butler & Plttsburg 
otook). Will carry Iron ore south and ooal north, Its contracts with 
the Carnegie Steel Worksaudothers.lt Is said, Insuring it a tonniim 
of 4,000,000 tons annually. Halls to be 100 pounds, maximum grades 
30 feet. See further particulars V. 63, p. 1 159. 

The United States 4 Ontario Steam Navigation Co. organized bv 
the P. 8. 4 L. E. runs boat* for coal transfer, etc., between Conneaut 
and Pott Dover. Can., 60 miles. See V. 60, p. 872, V. 61, p. 241. 795. 

STOCK. Capital stock 1* $10,OOO,OOO; par $50. 

BoNDg.-Tho old first mortgage of $3.000,000 covers th line from 
Butler to \\ ullaei- .Junction, and from Crancsvllle to the Nickel Plat* 
bridge, but does not cover the docks and terminals at the harbor or the 
terminals at Krle. 

The P. B. 4 L. K. mortgage of 1897 Is for $10,000,000, covering all 
the railroad, property, right* aticl franchises of the consolidated com- 



m- 

. '".o, 1 ' 1 ,' 11 "*? the agreement with the Carnegie Steel Co., Limited 
and the Union RR. Co. Of tlie new bonds $l,8OO,OOO will be reserved 




loan will be applicable to the "corporate purposes" of the new com- 
pany. Car trust* April 1, 1895, $300,513. 



EARNINGS: Of old company (on 187 miles) for year ending Juno 30 
1896, gross, $658,079; net, $189,739; other income, $1,745; charges 
$172,749; balance, surplus, $18,735. In 1894-95, gross, $567,718; 
net, $156,926. In 1893-94, gross, $476,651; net, $165,134. Chairman 
of the Board, Col. 8. B. Dick, Meadville, Pa. (V. 62, p. 1140; V. 63, p. 
116, 1159; V. 64, p. 135.) 

Pittsburg Chartlers & Youghlogftny. Owns from Chartier* 
to Beechmont, 16 miles; trackage (Chartiers Ry.), 1 mile ; 17 miles in 
all. STOCK authorized, $1,000,000; par. $50; outstanding, $700,000, 
owned Jointly Dy guarantors mentioned below. Of the 4 per cents 
Issued, or to be issued, one-half are to be endorsed with the guaranty 
of the Pittsburg Cincinnati Chicago 4 St. Louis, the other half with the 
guaranty of the Pittsburg 4 Lake Erie. See guaranty, V. 56, p. 650. 
They are not subject to call. EARNINGS in year 1895 were, gross, 
$162,850; net, $63.123; int. on bonds, $34,120; rentals, etc., $2,974; 
dividends (4 p. o.) $28,000; balance, deficit, $1,971. 

Pittsburg Cincinnati Chicago & St. Lonls. (See Map.) 
The system, clearly seen on adjoining map, includes : 

Lines owned. Miles. 

Pittsburg.Pa., to Chicago.Ill. 504 
RendcombJo. to Anoka Jo... 166 
Bradford Jc. to Indianapolis. 104 
Indianapolis to Jeffersouville 108 



Branches 208 



Total owned 1,090 

Trackage 

Indianapolis to Kokomo 55 

Louisville Bridge, etc 7 



Lines leas'dtfSSee these co's.) Jfilet. 

UChartiers 23 

TTLittle Miami and depend's.. 192 

Cincinnati Street Con. Ry . 3 

Pitts. Wheeling & Ky 28 

Eng. Connecting Ry. In Chic. 2 

Otherliues 5 

Leased jointly with T. H. <t I. 

ITSt. Louis Vandalia 4 T. H. . . 158 



Total of all Jan. 1, 1896.. .1,563 



ORGANIZATION, 4c. Formed In 1890 by consolidation (per terms in V 
50, p. 875) of Chicago St. Louis 4 Pittsburg, Jeffersonville Madison 4 
Indianapolis, Cincinnati & Richmond and Pittsburg Cin. & St. L. Con- 
trolled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock , 

CAPITAL STOCK. The stock authorized Is: Common, $45,000,000; 
preferred, $30,000,000; par, $100. Outstanding Oct. 31, 1896. com- 
mon, $24,349,161 ; preferred, $22,651,901. Stock listed to January 
1897, common, $25,315.500; preferred, $22,630,400. 

The preferred stock Is " non-cumulative and entitled to a dividend 
of 4 per cent per annum out of the net earnings as declared by the 
Board, with the right after 3 per cent has been declared on th 
common to an additional 1 per cent, making 5 per cent in all" 
After 5 per cent on both common and preferred, the two share pro rata 



DIVIDENDS. ) 
On pref. p. c. j 



1891. 
3 



1892 to Apr., '94. 
4 yearly. 



Jan., 1896. geeV.64, 
2 (for '95.) p. 181. 



STOCK OP OLD COMPANIES unexchanged Oct. 31, 1896: Pittsb. Cin. 
4 St. L. common, $47.200, Chic. St. Louis & Pittsb., common, $534,- 
667, and preferred, $22,053; Steubenville 4 Indiana, common, $80, 170, 
and preferred, $2,950; Jeff. M. 4 I. $5,400. 

BONDS. The consolidated mortgage for $75,000,000 (Farmers' Loan 
4 Trust Co. of N.Y. and W. N.Jackson, trustees,) covers the entire prop- 
erty. Sufficient consols are reserved forthe purpose of retiring all sec- 
tional bonds at maturity, at which time they must be paid off. The 
remainder are issuable for improvements, additions etc. They are 
guaranteed unconditionally as to principal and interest by the Penn- 
sylvania Company, in aceordance with the vote of its Board of Direct- 
ors, and are so endorsed. The three series are all equally secured. See 
adv. CHRONICLE May 21, 1892, and guaranty, V. 56, p. 604. 

GENERAL FINANCES. There are 4 per cent car trusts for $91,920 
due at various dates. In November, 1894. $4,811,000 consols were 
authorized, of which $3,862,000 were issued to Pennsylvania Co. for 
advances. V. 59. p. 969. Cin. Rich. 4 Chio, 1st 7s for $552,000 were 
paid July 1, 1895. (V. 60, p. 1010.) In November, 1895, series "D" 
bonds for $8,000,000 were created and series "C" bonds for $4,8 1 8,000, 
previously reported outstanding, were canceled. Series "D" bonds for 
$4,803,000 had been listed on N. Y. Stock Exohanne to January, 1897. 
V. 03, p. 1064. 

LATEST EARNINGS. For 12 months ending December 31 : 

, n 12 " M)n(A *- Qro"- Net. Charges. Balance. 

1896 $14,304,<>34 $3,724,180 $3,441,204 sur. $282,986 

1895 15,483,373 4,234,827 3,206,435 sur.1,028,392 

ANNDAL REPORT. Fiscal year ends Dec. 31. Report for 1895 was 
given in full In V. 62, p. 708, 724, 727. 
Tear ending Dee. 31. 1895. 1894. 



Miles operated (system proper) 1,151 

Gross earnings $15,439,706 

Operating expenses 11,248,545 

Net earnings $4,191,161 

Vet earnings, inel. other inc... $4,234,827 
Net earns, of L. Miami 4 6- 

profit or loss St. L.V. 4 T. H 212,998 



1893. 
1,150 1,144 
$14,247,855 $15,750,808 
10,765,519 12,034,631 



$3,482,336 
$3,498,358 

412,744 



$3,716,177 
$3,730,223 

439,354 



Total net earnings $4,447,825 $3,911,102 $4,169,577 



JASCAHY, U*7.J 



KAILKOAD STOCKS AND BONDS. 



113 



RAILROADS. 'Mile* 

r explaaaMoa of eetama aeadtags, 4c-, see note* of 
en tat page of table*. Road. 



a CiH Okie, rf Jt L.(COH.t 
tonaoL mort. gold. guaranteed p. * L 



A."g.c- 
B," g.c' 



pneoi. Biun., guiu, i5uiii^xw* }... ap, B 
(end.) by Pennsylvania Company ... V' CT g.c- 

(*. Clert. * ToUdo-\\ M., gold, tnt gnar. B.4O.. 
>L M..*4.000.000. gold. Int.. guar^...e' 
*yM4 Ciie.-8tockl7p.et guar. Pa. RR 
ttA special Imp. stock, 7 p. c. guar. by end 
race, series A to F / Sink. fund, cumula- / 



FtttfQ, OwCM* v - - - 

lit eontol. M., $4.000,000. gold. Int. guar. . . .e" 
fUtofcft. r*M* oi4t.-8tock. 
Guaranteed special Imp. rtoe, . . 
let mortgage, sertr* A to P / Sink. fun<f. cumulu- / 
3d do MtieUloM> live, notdrawn.c' 
Mmortfage 

Stocx, 



Preferred (48O OOUt 

let martgage, i.64O.OOO gold c- 

SdBerta7, tar toOO-OOO. gold ....c- 

rttt*. Juae. Terminal i.t M.. gold. guar. p. 4 1 



. . 
Fittitart 4 LmJtt Mrif Btoek 

let mortgage, gob! '' 

3d mortgage, gold. Series A. 4 B c 

TSk. 2 Tw*.-tiMk jaar.. see text 



Veroon. 1st M., gold, awomed 

.-lrt M. gold. s. f. not dra.c- 

* 



tenet guar. by Plttab. 4 West. 
4 Lot* JKrte-ftBB PITTSBCBO 



ruuo*rf r*rf*m*>*t UMneaMst BIOC* (BO.IXW.UUUI 

Con*. M.. g.. < see text) s. f.. not drX fertoe A..O- 
rVtsewrf * *"- Receiver", cert*.. JoOO.OOO. . . 

let mortgage. Pitta Newcastle 4 L. E. 

Old PttUburg 4 Wwtern lit mortgage 

U* (eoaeot) mortgage for 10.OOO.Ool). gold.. . .e- 



,090 



77 



470 
470 



Ml 



71 
71 



57 

is 7 

19 
63 

Km 

77 
77 



30 
45 

no 



Date Slxe, or 

Bond. Vahfe. OuUtandlng 



1890 91.000 
I 1892 l.OOO 
fl892 1,000 



1882 l.OOO 



1895 
1871 



1869 

iaa 



1882 
1894 



1.000 
100 
100 

A.- 

900 Ac. 

-... A,- 

60 

SO 

1.000 

I., KM, 



1878 
IBM 
1884 
1883 
1884 
1888 
1890 
1886 
1889 



:- .'. 



50 

1,000 
1.000 

so 

1,000 
1,000 
1.000 
1,000 

1,000 

l.OOO 

* LAKE 

90 



5oo *c. 
uooo 



*!. .'KM! 

10.000,000 

2.000,000 
6,000,000 

2.400.000 

Pledged. 

19.7U.286 

18^883,400 

S.25O.OOO 

5,160,000 

2,000,000 

960,000 

480,000 

1,640,000 

300,000 

900,000 

4,000,000 

2,000,000 

2,000,000 

3.959.65O 

8,290,000 

900,000 

600.000 

800,000 

1,000,000 

390,000 

ERIE. 

3.432.900 

3,431,000 

290,000 

319.OOO 

81.000 

9.700,000 



INTEREST OR DIVIDENDS. 



Rate per When Where Payable, and by 
Cent. Payable whom. 



4tg. 
4tg. 

ft? 



7 per an. 

7 p.-r M 

7 

Bee text. 
-. i taxi 

6g. 
5 g. 
5g. 
See text. 

5 g. 



A. A O. N.Y., Farmers' L'n 4 Tr. 
A. 4 O.l do do 

M. A N.. do do 

M. A N.I do do 

A. 4 O. N. V., Cent Trust Co. 
F. A A.! .......... 

Q.-J. N. Y., Winslow, L. 4 Co. 

Q. J. do do 



Pnnci 
pal.When Dne. 
8loelu-LMt 
Dividend. 



V.trinii- 

v.i!i i- 
A. 4 O.i 



do 

do 
do 



do 
do 
do 



6 
6 

a g. 

9g. 



* text 

6 *' 1 
7 
6 
4g. 



. 

J. 
A. 
J. 



J. N. Y., 3d N. B. 4 PltU. 
J. do do 

O. 

A. PltUburg. Co.'s OBlce. 
J. do do 



N. Y., Security 4 Tr. Co. 
N. Y., Union Trout Co. 



do 
do 



do 
do 



PltUb'g. Fidelity Tr.Co. 
Phlla.. Broad St. Sta 



J. X. Y., Mercantile 1 !*. Co. 
J. do do 



Philadelphia Office, 
do do 



v 
D. 




Oot 1, 1940 
Apr. 1, 1943 
NOT. 1. 1942 
Nov. 1, 1945 
Oet 1. 1923 
Aug. 1, 1945 
Jan.5'97.1\a 
ljau.5'97,1%% 
July 1, 191K 
July 1, 1912 
July 1, 1912 
Sept. 1. 1895 

<t> 

July 1, 1922 
July 1. 1922 
Oot 1. 19O7 
Feb. 1, '97, 5% 
Jan. 1, 1928 
Jan. 1. 1928 
Jan., '97, 3% 
July 1, 1932 
July 1, 1934 
July 1. 1918 
Oct 1, 1920 
July 1, 1916 
July, 1916 

Nov. 1. 1896 
Apr. 1. 1925 



AUeghenT.Pa..litN.Bk. 

N.Y7.j:P i .Morgan4Co. 

do do 



June 1, 1898 
Oct. 15, 1900 
July 1. 1917 



\8*Hltaw>a> Maid 

Car troataTlncludlng laterwt) . 

Miscellaneous 

K. 4 II. Bridge *ult. etc 



1895. 
3.923.180 



1804. 



: - 

2,387.219 



I branches llm.; lea 2 m.; Dee. 81. 1899, total, 101 mile*, of which 
19 mile, double < 



184 JoU 



9 IM 



Balance, surplu. 788473 39X93 834.684 

Btrldead* on preferred.... (2 p.e.)B49S.716 (3)B499.417 (4) 9O8.154 
-A p. 708. 74. 736, 7t7. 910; V.68,p. 1O11, 1O64; V. 64. 
p. 181.) 

IMI i. burg i lr vrland 4 TeUdeBB. From sT.weaetl* Jaae1aa; 
Pa., to AkroS. O.. 77 mllee. Btoek. S.OOO.TJOO (par fSO). of wklch Bait- 
* Okie RR. own* 1.9O6.00O. Leased In July. 1884, for 99 yean to 
Ftnaborg 4 Western. Tk* Baltimore 4 Oklo gaafaMoee tatanet oa tke 
ante, dee terms la V. 89. p. 6O7. ~ 
ax? BcrrmiETof April. 19*.) fatenstea 



U gMrtutMd by end 

iilMaiil i 4 Ohio; mortac tnutee I* M .. 

UUret du Oct. 1.1896, wa paid on that date KAWiixo*.-In year 
. n till ; ----- lM6.craM.W7>38: neMpXi-S.-w. lnt*r.t. taie, 
te.T9ll4.434 ; areoant of tTWM nv. 3O.l 1 7 ; iMkUaee, rplu*. 
9&i.TW. In l>94-o.croar830.0; met. r/76>Sl. la 18J* 94, 
groM, 090,002 : net, f 19O.7V5.-(V. 03. ; MM 



by Ue PltUknrg 4 

Merrantlfc Tni.t Co.. N. Y. 



* Kavtera . U4r uuMtlouUuu from MehaaVy. 
g too BMek Creek RK . through UM coal dlMrlct to Saluburg. 
Indiana County . Pa. . 9 Bltoa. Im Teoeber, 18M. conpUleJ and 
y I* Oli Campbell, 13 mile*. Th* road U pro 
tlw Pituburg MeKeacport 4 Tooghlo- 



Pin. burg Fort Wmjmr * rhlraco./** 

- 




fieable track. 271 mile*, of whlek pan was bill! In 1898. 

LBAM. 4c -Foreesoeed Oct. 34. 1861. aad reorganised. From July 
1. 1869. leased la perpetuity to the Peaa. BX; reatal pay* in- 
tanst. sinking Mad of debt aad 7 per eeat oa etoek. Tke towee keep* 
read la repair aad pay taxes aad ejrieaeea. The proat to taeeee ka* 
beea larg.Vbut la fWk there wa. a low of ! J48.634 aad U 1899a 



low of *&7,748. 




of 875.000 each and Moond 



ail.. 1 1 of 860.OOO-CE? of Intereet payment oa each la Si-rrut- 
anurr ofMairh. 1894. Of the aMrre IM mortgage bead*. t2.444.OOO. 
aad of tke seooad mortage S.JOft^OO. Bad 3S"5.463 eaah. were keii 
la tke sinking funds Jan. 1. 18M. 

A"CAL RBTOBT. Report for year ending Dee. 81. 1895. was In V. 
hewing low to k <ee. 97,748, against low of 1,281,659 
il,p. 872; V. 62. p 1174.) 



6% mllee of track, at PltUbnrg. 
ana., connecting the Baltimore 4 Ohio and the PttUburg 

TB, whlek eocvpaalw la 1883 agreed to pay the PttUburg 
Junction 2 for eaeh car pawlag orer IU road, but charge reduced to 

-r ear when eompaoyM (row earnlag* amount to fVTO.OOO and 
! PreBrwbea trow i.arh WOOXMO ffaar oae y w. I, .1896-98. 



-\v. aet, 303^87. la 1894-9A. grow, 347^O7 ; net, 
213.343 . interert snd taie*. 117,489; earploa. 90.858. In 1893-94. 
row. 270.20 ; net. 1 78.0*3. IJtvtdead* of? per eeat were paid oa 
inferred; en common ft per .bare wa* paid Feb. 15, 1895; la Sept. 
1895. 2 p c. (V. 61. p. 758; V. 63, p. w.) 

Pin. hit re 4 Lake Krle Bat^-Own* from 
Yonnniown, O.. M miles: branch Uae* to Newcastle. 

owned. 71 miles (of whloh 66 doabletraek); leases PI . 

Teach, (which --.. 101 mile., sod Beaver 4 Ellwood RR.. 2 mile* 
tetaToasntad. 174 mOw. Owns 35O.OOO *tock of the PHU. C hartlei 



to 



Ml.*.**. ' /W Us* p.JPtf.WV WB Wl MB) m imaaa. i uo>* HVB a 

<h. The P. 4 I. K. Is operated In brtonet of U S. 4 Mich So., 
whleh own*t2.000.060of stock. Then were la December, 1895, 890,- 



087 nali 
DtviDainM. < 1884-**!. 
Per cent ) 6 yearly. 



1993. 1893. 





1894. 1895. 

lo l" 



i. Rr.rnKr - Kr year eadlag Dee. 

Inic grow eamlBg> l,7i 
fl' 



1496. 1897. 
lo I 
ort wa* In 



895, report 

- 

.% Y., B463.- 

, (i). 313: ilivi.l.-n.t (10 
1 laVt. 

i n;i> - i _.; ;. t.^<> 



..: . - 

kit "Taken 

i.al.. .iirplu*. 24 

Kevsporl 4 VogNlogb-ir. '>" from PltU. 
'7 BJ.. McKeeeport to Fayette City, Pa., 31 mile*; 



ible track. 
I to 



4k 1 OUCA. 

reiM 



4 Lake Erie RR. for 999 yean. Rental 



ItUburgMcK. 
Erie and! 



. betnir guaranteed by PltUburg 4 Lake Erie and Lake 

Shore 1 Michigan Southern eompenle*. the goarantle* being endoraed on 
the akare eertneate* aad bonda. Tke guaranty of the (took 1* on the 
zprea* condition that the holder anall accept par for the aame on July 
1,1934. Bee wording of goarantv In V. 96, p. 774. Stock authorized, 
4.000,000; ont mtn. bond* authorized. 3.29O.OOO; 3d mtge. bonda 
authoriied. 1.750.000. Pratt to lewee la 1895. --- 
one-half wa. payable to the Lake Shore 4 Michigan t 
1'lii.burg Ohio Valley 4 < I n< liiiiatl. Own* road from Bell 
Fo 



885. of which 



alre, O.. to 
Oompaay l 
Stock, authorised 



.O., 15 mile*. Operated for ooet by Pennnrlraula 
on with Cleveland 4 PltUburg (Inee Deo. i, 1892. 
l.AOO.OOO; onUtanillng.a3OO.OOO; par, 90. Tnx- 



D%W4%. attlUBiWIIAVU , ay i ,-*7"^,^TJ^. vu***teueut UK , ^*^w,ww-v, a/m , v^rv. 

tee of mortgage (for 1.90O.OOO), Fidelity Ins.. etc., Co. of Phlla. 

IMn.biirx P.lnr.vlllr 4 ralrport^-Own* from Falrport. O. 
to Youantown. etc.. o 53 miles. Operated at cost by PltUburg 4 Waafr 
bu tin tenet of bond* 1* guaranteed. See description of mortgage, 

' Common .took. 8OO.OOO; pre- 
892 the PltUbnrg 4 Western 

preferred. For year ending 

.296: net. 67.557; lut, taxes, etc., *76.OOO. 
In 1 194-95. grois. 370.181; net. 6I.'J69. ( V. 68. p. 29, 1 1 1 1 .) 

flu. burg hraa*)K 4 Lake Krlc. SEK PITTSBOHO BB8SBMBB 
A- LAKB BBIK. 

mi. bnr K Virginia A t harlrslon By.-From South PltUburg 
Pa., to Browuvllle, 4c.. Pa., 77 mile*. 



OBOASUITIOV Operated by PeansylvanlaRR., which owned Jan. 1, 
I896.8a.O44.2OO etoek. aad pay* net earnings as rental, the oonsol. 
bond* belag pledged oader IU "collateral trust of 1883.' 1 



bond, being pledged 
l>irn>B<iM.-D 



id* formerly 5 per cent per annum, but In May. 
la 1895, 5 p. o.; la 1896. 9 p. c. 



1894. oaly 8 per eent 

BOKDe.-In April. 1695. a eoa*olldate<l mortgage for a6.OOO.OOO wa* 
tuned to retire tke 3.0OO.OOO anU of 1882 and par for extennlon 
from Brownvlllr. Pa.. Into Went Virginia, and to fuml floating debt. 
Tbekoad* are la eertw A (t.iXW.ooOi and B (3,000,000), with differ- 
ent date* of matortty, but are equally eecured. Truatee, Ulrard Life 
In*. An. 4 fr C.>. of Pblla.1 elphla. 

EABXMoa.-Yeareodlag Deo. 31. 1899, grow. 1.670.876; net,115.- 
401; lxedokame,*290.lM7: dividend* (9 p. e.) 148,711; baL.iurplu*. 
306,903. la fsW, grow, 1. 117,898; net. fisa.J 
* Weeter*i.wJfoo/ 



AUegkeny. Pa.tu X. Sewlckly. 46 
Boef Point, Pa., to Kew <;a*Ue 11 
FrleeetoOrowtkr: .. 6 

Callery Jaae. to Butler ......... 13 

8-ft.gaafettaeetoJewett.ete.134 



.23) 



Pitta. Cleve. 4 Totedo f ........ 77 

PltU. Palnevllle 4 Kalrport U- 53 
El wood Short Line 

N. Sewlckley to Rock Point. 3 


Total (1 *ee tola oo.) .......... 343 



The 8-foot gaoge llaea are laid with 40-pound rail ; the remainder of 
lino, owned with H ,. I steel. Company I* *ald to own nearly 

the eatlre water front at Allegheny, Pa.. 7 mile-, with terminal*, eta. 

. ETC.-In Feb.. 1891, the Baltimore 4 Ohio bought 

to uae the road a* 



. . .. 

6.050.000 common itoek. and In May, 1893. began to uae t 
part of a through pawengnr route to Chicago. V. 59, p. 237. 

RBCBtTBBMir. On March 2. 1896, Prenldent Tliomin M. King wan 
appointed raeelver, the B. 4 O.. which control* the road having gone 
Into reoelven 1 hand* on Feb. 29. Receiver*' oertlflcate* for 5OO.OOO 
nave been aatkerUed. 

BBCOKD MUBIOAOE COMMIITEB John T. Terry, Dumont Clark and 
F. 8. Smlther*. 

BTocn.-Oommon. 8.9OO.OOO. and jpreferred. fs.ooO.OOO, 9 per cent 
non-eomulaUve; both In 950 aharee. Control held br Baltimore 4 Ohio. 



BOID*. For abntract of flrtt mortgage (traitee. Mercantile Tnut 
Company) see V. 49, D. 439. Second mortgage for 3.500,000 I* a flrt 
Item oa terminal* at Youngitowa. O. Of tbe 3.500.OOO Moond* t\ ven 
a*owt*tandlag. 1.36O.OOO were unsold June 3<>. 1806. but It 1* under- 
stood they were pledged for loan*. See description of mortgage*, etc., 
p. 7 SirrrLBMiijrT of April. 1894, 

OorroM*. Interest on 2<1 mortgage 5s due May 1, 1896, wa* not 
pal'l. First (consol.) 4*. Interest due Jan. 1. 1897, was paid at 
maturity. 

GBKKBAI. FiAcr4i. On June SO. 1896, there were real eetate mtges. 
- -. ; bill* and aeoounU payable. 2,895,174 ; current llabllltlr*. 
A30.981. Contra : Advanees to subsidiary road*, 1,044,947 ; mater- 
ial*. etc., on hand, 125.40O ; current asscU, 718,663. Interest I* 
guaranteed on 1.2.V>,OOO PltU. Patneevllle 4 Falrport boade. Car 
trade June 30, 1896, 524.649, on which payments hare been ar- 
ranged to extend over a series of yean. V. 64, [>. - : 

EABHUfo*. -5 months, > 1896 ....... Oross, $1,220.245; net, a434.7(U 

July 1 to Wov. 3O. J 1895 ....... Orosi, 1,423,435; net, 4(i:t,.'.,s 

RBfOBT. Fiscal year end* Juno 30. Report for 1895-96 was given 
In V. 63. p. 1111, showing earnings a* follows 
ing leased line* : 



on the iy(tem. Includ- 



I II 



INVESTORS' SUPPLEMENT. 



[VoL LXIV. 




JANUARY, 1897.J 



RAILROAD STOCKS AND BONDS. 



113 



RAILROADS. 


Mile* 
of 

K.....I. 


Date 
of 
Bonds 


81 X r or Amount 
Value. Outt noJn K 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 
Ooefe-Last 
Dividend. 


For explanation of column headings, Ac. , Me note* 
on flnt page ot table*. 


Bate per 

Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


nttftura 4 Wistsm IConetttdtd) 


















2d mortgage for $3 .500 000, gold e* 




1891 
1882 
1890 


$1.000 


$3,500,000 
100.000 
300.000 
1,333.342 


i g 

5 g. 

!> : \'. 


M. A N. 
M. A 8. 
P. A A. 
M. A 8. 


Nov., '95, coup, last pil. May 1, 1941 
N. Y., Union Trust Co. i Sept. 1, 1902 
New York City. Aug., 1920 
N. Y.. Farm. L. * Tr. Co. Sent. 25. 1898 


Foxburg Bridge Co. 1st M.. guaranteed by P. AW 
EUwood Short Line, lit X.. gold. gu. byP. A W. 3 
Put*. Tton^ft. 4 Aiklati.-rom. (took. $2.OOO.OOO 125 


1.000 
50 


Preferred *toek, $2,OOO,OOO 


125 
62 
125 


1878 
IM7 


M 
1.000 
UOOO 


1,700,000 
1,500,000 
1,562,000 


7 per an. 
6 
5 


M. * 8. N. Y., Far. L. A Tr. Co. ; Sept. 25, 1896 
F. A A. Phlla., Fidelity Tr. Co.i Aug. 1, 1908 
M. A N. X. Y..Farm. L. ATr.Co. NOT. 1. 1927 


A*h.tabula * Ptttob. lnt ST. Y'ngst'n to Asht .c'Ar 
ConeoL mort. (for 94.00O.OOO) . f. 1 p.c.. not dr.e- 


H. Jirrit MoHtittUo 4 If. T.-Ut M.. ($225,000) gold .... 


1894 


100 Ac 


225,000 


** 


J. AD. 1 N. Y.. Cent. Trust Co. 


June 1, 1944 


Portland 4 ttokrlttr Stock fflOO l K> 




100 


592.07O 


6 


J. 15-J. 


Ian 15 '97 3% 


Terminal bond* (no mtge.). Int. guar. B. A M e 
Portl. 4 M. Fail*. litM.. red. 1897,$45O.OOO.cnr.e .... 


!-- 
1893 


500 

1.IXNI 


113,500 
405.000 


4 
5 


A. O. 
F. A. 


Boston, North Nat. Bk. 
Boston. Old Colour Tr. 


Oct. 1, 1907 
Feb. 1, 1912 


2dM~red.l897(nrstonl2m*.>.$200,OOO.gold.a .... 
Coasot mortgage, $1,000,000 (see text, 




l.OOO 


157,000 


5g- 


A. O. do do 


Oct. 1, 1912 


J"or< a-aoVng.-lt M....guar. by Phn.AHead.e'aT 20 


1891 


100 

1.000 


1,500,000 6 per an. 
1.500.000 5 g. 


J. J. Boston. Treasur. Office. 
J. J.' Philadelphia. 


Jan.15,'97,8% 
Jan. 1. 1941 


PtntmttttlH 4 Dottr <feei.gp.e.gnar. East. Ma**. 11 




100 


769,000 6 per an. 


J. J. Portsmouth. Treasurer. Jan.. '07. 3% 


/is* 7aUr-lBt M . 92.6otf.000. gold.guar. .e-Arl 1 5 
Jro.. *ir.7.-2dM.nowlst.$160.000ere6*>e-Ar 10 


1891 

1886 


l.OOO 
1.000 


1,003.000 5 g. J. J. Baltlm., Old Town Bk. Jan. 1, i941 
500,000 4>* A 6 F. A. N. Y.. Corbln B'nkg Co. Feb. 1. 1926 


3d start., now 3d. gold ($104.000 are 6*) c'Ar 10 


1891 1.000 


200,000 


4>9A6g. M. 8. 


do do 


Mch. 1, 1981 


Income bond*, non-cum 






25OOOO 








May 1 1920 


fVm-fmn * fr-iniflr'-' lit If gold, o' 


SO 
51 


1892 


1.000 

100 


750,000 
3.500,000 


5 g- 
lOperan 


J. J. 

^ M 


Provld'oe, Globe N. Bk. 
Providence, Office. 


July l'. 1922 
Dc.3r96,2>i% 


tnndnte 4 iforctSer -Stock (10 per eeat rental) . 




51 
134 


1877 
1887 


l.'HHl 

1,000 


1,500,000 
250000 


6 
5 


A. O. Prov.,R.I.Ho*p.ATr.Oo. 
J. D. N. Y.. Oilman. Son A Co. 


Oct. 1, 1897 
Dee. 1, 1917 


OtitHt* OMAO * JCou eUr-Pref. lit mortgage 


let mortgage . 


134 


1887 


1,000 


1,489340 


5 


J. D. 


June '9O coup, last paid. 


Deo. 1, 1917 





Jo 
18*5-96 



90- 



83.091.302 $981.223 
2.847 899 916,649 
. ........ 2,3181877 455.846 

-<V. 63. p. .*. 1111; V. 64, p. 84.) 

Pill. hurt I on 
Pa., ' 



l~l.4ta*r* 

$945371 *nr.$36.352 

930.768 def. 14.09O 



u.burc loanc*tov*i * A.nlabula KB .-Own* Kenwood. 
M Aaatabmla Harbor. O.. 99 mile*; Nile* to Alliance Junction, O., 
flea; CBnioVt Braaeh. 1 mil* : traokage. g Pea. Total. 128 mile*. 



OBO*XIZATI<>. -Consolidation of Aahtaonla A FttMrarc 

1887, to Petuuylvanla (tow 



. 

road* B 1887. Lisnrt from 
oos*, which Jan. 1. 1896 
ferred stock: rental net 



and $1.55O.OOO 



OO pre- 
option 



rental not earning*. Leap* may be terminated at 
f either party on one year** aotlee. 

DIVIDBWD*. ) 1*90. :-: 1893 to 1895. MM 

Common, p. ct $ 24 8 6 yearly. 64 

OB preferred, 1888 to Sept. 39, 189$. 7 per oont yearly (M. A 8.1 

Bone. Bond* of 1887 (tiBateu. Farmer*' Loan A Trust Co.) are re- 
earved to retire dlvlsloa*! bnd; Lawrono* RR. ant 7s do* Aug. 1. 
1896, were paid, but to Dee. ao eonsol* had been lamed therefor. A 
taking fund of 1 per eeat pnnhise* bond* of 1887 at par. If offered. 

XA*moe,-12 month*. ) 189*> Oroos. $1 388,O<I; net, $439.984 

Jan. 1 to Dee. 31. (1898 Gross, 1.73O.OO2; net. 717,951 

IB year ending Dee. 81. 1996. gro**, $1.741319; not. $729.788: In- 
terest, etc.. $lo.758; dividends r7p.c. on preferred and 6 p. c. on 
common,. 198.744: beHaaiiats.9277.O41: balance, surplus, for year. 
73.223 In 1894. (rose. $1394.449: aot, $499.584 ; Interest, etc.. 
$194.181: dividend* (4 per eeat on eom. aad 7 on prof.), $198.741. 
a. p. 34.) 

Plant oi.trni. /J** *> 4fMeA /loriste *1 ftVrtrrsM-Tnlssy*- 
m, so-called because of the large Interest owned In It by the Plant 



lav 



Bt Company, of which II. B. Plant M President, unite* Cnar- 



lesion. 8. C. with Montgomery. Ala., and a Ian with Tampa aad other 
Florida points. The system Includes the fo lowing rood*, deocribed 

rlok A wt 



wtthSa 



. 

tbrirown UOea, exeopUng 
avannah Florida A We*ton 



the Brunawlek A 



Jfir*. | 

-- . y. 



Savannah Florida A W. 
Charleston A Savannah 
Brunswick A Wo* 
,l t i~ 1nn Midland 
BUver Spring* Oeala A 

Fort Jrr% I. M 

K. Y.. to MoaUe-llo. N. Y.. 34 flea. 
Stock esrtaort ' 



Included 



JHU*. 
. 247 
. 152 



134 Maaford A 8t. PotercbBrg 

171 | Bt. John* A Lake Ko*U* .... 



44| Total 1,941 



April, 



lW,lc 



llrelle A New York. Owns from Port Jerri* 
and 

; M 
trusts (A per cent. 



payable. 



i* irom ron jern*. 
Hncneaot to -Summit vlllr. 18 
dlng. $409.100; 



aUtandlng. $4< 
le. $7.451; ear 

*&&. 



. $1OO. 



fro*. $49.553: not. 



MS: baJaaee. deflclt. $2.708. 



Porilan.1 * l! ii - .,* mad from Portland. Me., 

t* Rochester. N. H., 54 mile*, rtoek uMtborized. $600,000: per $1OU); 
tasntl $Bw2.070. Loans and bills payable June 80, 1895. $59.OOO. 
Terminal bonds ts.ae limited to $1{3.&OO: there Is no mortgage, but 
any subsequent mortgage I* to provld* tor loose bond*. Interest oa 
the terminal hood* to guaranteed by the Booton A Maine. Dividend* 
tee* July. IH. to January. 1897. ladoslve. 6 p. e. per annum. 

i.>s.-For year ending June 90, 1894. gro**, $263.297: neb 
.rlnc<,me, $2.127: taxea. 8534V AvUoBds. $35,524 ; bal- 
ne*. surplus. 923,437. la 1994-6 gros*. $256.449; set. $43.247. 

Portland A Kumford Fall* *ly.-Own* road Ullbertvllle to 
Bnmfonl Fall* and Anirarn. Me.. 94 mlleo; lease* Rnmford Fall* A 
JNialrmiild RJL. -f) miles; trackage (Maine Central) to Lewuton. 4 
flee; total operated 67 mile*. Organised In 189O. 

v-AutborUed. $300.OOf>. par$IOO; Issued. $265,900. Dirt- 
dead* are payable 1 ' per cent quarterty on Feb. 1, etc. Honds due 
nil/, are a ant Hen on the Auburn extension. 12 miles, and 
a second mortgage on the rest of the property. Hoth mortic*-** are 
ndomnahle after lire year* from date at 1O5. A mortgage of * l.OOO, - 
OOO for refnndlai the flrst and seconds (which are subject to call In 
February and October. 1897.) aad for other purpose*, was made In 
1894. On June 90, 1994. there were note* payable. $219.477. 

A*IDAI. Rsmar Fl*eal year ends June 9O. tteport for 1895-4 wa* 
(Ivtaln V. 68, p.32. 

'.-. JTM. lnt.lM*..tte. Diftdendi. Bal..tur. 

1899-96 9211308 $94397 $46.507 (5> $18,OOO $25,390 

1994 1.10 72.468 41394 (5) 13.HOO 16.773 

-<V. 63, p. (03. 870.) 

Portland ftaeo A Fort*oaouths. Portland. Me., to Portsmouth. 
.10*. It wa* leased Mar 4, 1-tTt. In perpetuity to the Eaet- 
em Railroad. Mass. (BOW merged In Boston A Maine), at IO per cent 
OB stock. Lea** rental changed May 21. 1977. and now 6 percent. 
Port Mead I is*;, Own* 90 miles of road, completed In Sept. 1-492 
OB Bound Brook. N. J.. to Staten Island Sound, where extensive 
terntfneJs were established. apltal stock authorised $3.OOO,OOO 
lataUadla;*. $1.566.000. par $1OO, all owned by Philadelphia A Read- 

l:B7(T. 64. p. 743; fTe*. p. 644, 499. 68O.) 

Port Royal * *. :<*. Port Royal A Western Carolina. 
-^INM road. ha-, e been nwiged Into the Charleston A Western "- 
Una Ky ^whjoa eeo. 



Fort. mouth A Dover. Portm..iitli. N. II. to Dover, N. H., 11 
mile*. Opened February 1, 1474. and leaned for rtfty years to Eastern 
New Hampshire at d per cent per annum on the stock, rental guaran- 
teed by the Eaitorn KK. of Ma**. Lease aaiumed by Boston A Maine. 



\alley KK. Opened In Sept. 1893, Potomac Valley 
Juno., Md , to Cherry Run. W. Va.. on the B. A O., 14 miles, and 
from Porter*. Pa., to York, Pa., -16 mile*. Boad also to be built 
from York to the Philadelphia A Reading RR. near Mart- 
Pa., and from Thomaavtlle, Pa., to the Philadelphia Har- 
f A Potomac Railroad. 8 miles west of Harrlaburg, 21 



rUburg A Potomac 
mile*, making total mileage 



RaUroad. 
ileage 46 



. 

mile*. The property Is leased to the 



Maryland. nd the bond* have principal and Interest guaran- 
y aad severally, by the Western Maryland RR. Co. and the 
A Harrtebun BK. Co., aad are so endorsed. Earnings for 

year ending Boot 30. 1896: Oro**. $153.047; net.$91.82l. In 1894-5, 

groa*. $146,192; net. $83.924. (V. 52. p. 121.1 

FrooeoU A Arizona Onlral. Sellgman to Preseott, Arlion* 
73 mile*. Wo longer operated. W. N. Kelly, receiver. (V. 62, p. 84.) 

Pr.perl Park A Coney I eland. Own* from 9th Avenue and 
20th Street, Brooklyn, to Coney Island, etc.. 6 mile* ; leases to Coney 
bland Point, ete.. 24 mile*; other. 1 mile; trackage. Parkvllle to Bay 
Ridge. 3t mile* ; total. 13 mile*. Stock U $250,000 ; par. $100. 

HIBTOBT. The Long Island RR. acquired controlling Interest In stock 
IB 1998, and IB oastaartloa of a guaranty by that company, annual 
Interest on the creator part of P. P. A C. I.'* bonded debt was reduced 
from 6 aad 7 per eent to 4>t per oent flee V. 56. p. 42 ; V. 62, p. 187. 
OB Sept. 90. 1994. there wore $242.000 loan* aad bill* pay able. Flnt 
bead* tar $900.000 oae Jan. 1. 1895, were paid. 



tar $900.000 

EABITDMM. For yean ending Juno 30: 

..r.,.. Htl. OOtfriHfom*. lnl..laj'i,tle. Balatue. 

1*956 ..... $129.757 df.$16.984 $27,761 $8O.H59 def.$69.882 

1894-6 ..... 139,344 19.019 22.901 65.98O def. 24,660 

-(V. 59. p. 8947920. UO5; V. 61, p. 449; V. A2, p. 187.) 

Providence * ftprl ncaeld.-Provtdenoe. R. I., to Douglas, Maes., 
on the How England mainline. SO mile*. Stock U $517.460 
by 



i $517.460 (par, $10O). 
.1 V.Ol.n.1014. Road 
England RR. till July 



. . 

mort Iv owned by the M. Y. Wow Haven A Hartford 
leased (term* BMolfled la July. 1896,1 to Wew E_ _______ __ 

1.1989, at 4 per eent on stock. See V. 63, p. SO, and New England 
KB. report V. 63. p. 698. The bond* were guaranteed by the N. Y. A 
Mew England. In 1893 frooa, $1 82.45O; net. $24.073. (V. 63, p. 30.) 

Providence A Worcester KK. Own* from Providence, R. I., to 
Worcester. Maes.. 44 mile*, of which 5 miles are owned Jointly with 
Booton A Providence; braneho*. 7 mile*: total operated. 51 miles; 



. 

Froui Julv 1, 1892, leased for 99 yean at 1O per cent per annum on the 
stock to the X. T. A. H. A Hartford. Extra dividend of 4>i per cent 
was paid out of awcU In March. 1893. New 6 p. c. bonls for $1,500,- 

000 were aathotlsod In Deoember, 1896. to retire a like amount ot 6s 
doe Get. 1. 1897. V. 63. p. 1O64. For year ending June 30.1896, 
total laeoBM wn* $447,574. against $447.301 In 1994-95; surplus after 
expense*, charge* and 1O per eent dlvidendi. 92.1OK. Total surplus 
June 30. 1898, $213,175. (V. 56, p. 83; V. 43, p. 1044.) 

Utilney Omaha A Kaa*a* City. West Qnlncy to Trenton, Mo. 
134 mile*; trackage (C. B. A Q.I. to qulnoy. 3 mile*. 

HiirroBT. Baooaasorto Qulnoy Missouri A Pacific sold In foreclosure 
and reorganised- Default was made on Deo., 189O, coupons. Inn prof. 
1st roort. coupons of Jane, 1896, paid promptly. The stock is 
81.623.24O ipar$100). Rnad WM operated by Theodore Oilman of N. Y. 
and Ward W. Jacob* of Hartford, Conn., a* trustees of nrst mortgage. 

RBOBOAMZATIOII COXSOUIMTIO* It Is proposed to consolidate the 
Q. O. A K. <X with the reor<anlxed Omaha A St. Louis; the O. >. A K. 

1 . non-preferred bond* to receive either 70 p. c. In cash or 40 p. o. In 
new Oust* and 4O p. c. In 2.1 mortgage Income* of the consolidated 
company, and In parsnanoe of this plan the Omaha K. C. A Eastern 
was formed to acquire the Q. O. * K. C. V. 62. p. 41, 590, 822. See 
K. O. A Northern Connecting Ky., this Scrri.KMKiT. 

Foreeloaur* tale ha* been ordered for April 2:1, 1897. V. 64. p. 181. 
The agreement of May. 1892, wa* amended as follows Nov. 1O, 1896, 
de|>ository. Guaranty Trust Company, New York. Out of a total Issue 
of noii preferred bond* of $1.489.240. there are on deposit with the 
Guaranty Tnut Co., subject to the various greemeuts, $1.432,4OO. 
When purchased at sale the g. O. A K. C. Is to !> leased to a syndicate 
(represented by Oilman, Bon A Co. of New York) until Sept. 12. 19<K>. 
for Interest on preferred Ixmds, ($12,500 per annum) and on non-pre- 
ferred bonds l-6per ornt until Sept. 12, 1897, and 2-4 per cent there- 
after. also taxes and charges. V. 64, p. 84. 

XABiniiO*.-Jan. 1 to Sept. 90, 1896 (9 mo*.), gross, $221, 036, against 
$189354. Year 1895 gross, $261,320, agalntt $238,570 In 1*94. 

AisfAi. Kr.niRT. Report for fiscal year ending June 30, 1895, was 
In V. 61, p. 515. Earnings have been as follows: 

Br*M AX. litlertfl. Tatet, etc. Ralanee. 

1896-4 ...... $289.741 $112,111 -- $24,276 - . sur.$87,835 

1894-5 ...... 243,575 04.207 $12.500 13,853 sur. 37.854 

1898-4 ...... 244.4OO 58.38O 12.6OO 1O7.970 def. 62,1O 

V. 63, p. 190.459, 1116, 1159; V. 64, p. 84, 181. 

Kalelgh A: Augusta Air l.lnc. Owns from Raleigh, N. C., to 
Hamlet. N <:.. 1)7 miles; H;unl.>t to Gibson, 1O miles ; leases Mon- 
cnre to Plttslmro, 12 miles ; total. 119 miles. Controlled by Raleigh A 
Uaston. which July 1, 1 893, owned $772,200 stock, and so by Seaboard 



1 ni 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



PITTSBUR6, BESSEMER 

AND 

tf- LAKE ERIE RAILROAD 



Mlegheny J< 

AND CONNECTIONS 




JANUARY. 1897.] 



KAILROAD STOCKS AND BONDS. 



RAILROADS. 


M , - 
Of 

i:..,.: 


Date 
of 

BomU 


Size, or 
Par 

Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


BotuU Prtnol 
pal, When Due. 
Stock* Last 
Dividend. 


For explanation of column heading*, Ac., see note* 
on flrst page of tables. 


i: itt i" i 
Cent. 


When 
Payable 


Where Payable, and by 


Kaleigk <* iMmu'o lt M..fiin(rt,MOi.p.*i..RAi;.c' 
8eat>oaru Air Unt<, Ser. A. B A C (pact issue) .... 
falrjfL 4k Gatton 1st mortgage t 


107 
"97 

"40 
40 


isao 

L890 8 
1862 
IM4 
1877 

BO AMI 


1,000 


1,000,000 
203,833 
l.OOO.OOO 
228,333 
65O.OOO 
350.00O 
1.000,000 
TIOX. 
89,589,000 
28,000,000 
-'l.OOO 
ATIOM. 

1,512,700 
954,000 
7'i.,ki 
2,696.000 
18311.000 
P.3B4.0OO 
5,71, 
8.500,000 
1,831,000 
700.000 
1.222.0110 
1,593.397 

| 9,500.000 
4.000.000 
1,050,000 

' 48,715.188 
10.000.000 
2,000.000 


6 
5 
8 
5 
5 
S 
6 


J. A 1. 


Balt.A Phil. Mech.N.Bk. 
Baltimore. 
Bait.* Phil. Mech.N.Bk. 
Balt.Merc.Tr.& Dep.Co. 
Phila.. Phll-A Read. RR. 
do do 


Jan. 1, 192ft 
Part yearly. 
Jan. 1, 1898 
Part yearly. 
Moh. 1, 1912 
June 1, 1904 
Deo. 1, 1917 


1,000 

l.OOO 
1<M fa 

1,000 

1.000 

: . vv/ \ 

->.\. 

3040. 
4 A. 

Kc;\MZ 

r '- ^ 
1,000 
500 Ac. 
LOOO 

or 
SOOJtc. 
1.000 
L.OOO 
1,000 
1,000 


3. A J. 
1. A D. 
M. A B. 
J. A D. 

J. A D. 


Seab. Air Line Equip., Ser. A, B, C, (part Issue) . . 
Meadiny 4 Columtna lt mortgage (extended)., e" 
3d mortgage eoupou (extrmled in 18^-4; c 


Debentures * c 


Itttuliim OMJMIIH New STOCK TO BE USD ED 

COIMIIIOD sloes'. 70.0OO.OOO, 990 or flOO (hares 
Id i-ref. stock. ^29.000,000, 4 p. c. Don-oum. 


DIBbO 












2d jref Block 42 OOO UOO, 4 .p. c. non-Gum 














Old Phil*, ft Hi-ad. KB. BOND* u.xnm 
Itt M..ext. In '60. Philadelphia to PottST. 9AM.. f 
Mortgage loans of 1H44, 1848 and 1849 c 


K 1 ! 
I 

94 


I* BtO 

1843 

1-1 1 ' 

'.--.7 
i-, - 

1871 
1873 
1881 
18*1 
1892 
L8M 
1892 


6 
6 
4% 

M 

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

5 g- 


J. A J. 
J. A J. 
J. J. 
A. O. 
J. D. 
A. 0. 
M. N. 
Q.-F. 
F. A. 
M. N. 
J. J. 


Philadelphia A London. 
Phila., Read. Ter. Bldg. 
do do 
do do 
do do 
do do 
Phila.. Read. Ter. Bide 
Phila.. Prov. Life & Tr. 
do do 
Phila., Guar. Tnut. 
Philadelphia. 


July 1, 1910 
July 1, 191O 
July, 1910 
Oct. 1, 1938 
June 1, 1911 
Oct. 1, 1897 
May 1, 1922 
May 1, 1941 
Feb. 1. 1902 
May 20, 1942 
July 1, 1942 


ifartgage loan of 1857 comer tlble. . . c 


sfartiCKge loan of 1868 gold, extended in 1803 c 


148 

-' I 
325 
327 




fmpft M.. gold. s. f., drawn at 100. V. 48. p.28O.e 
OOBSOI. ILot 1 882, gold, stamped, pay. at nottce.c 1 
Terminal M.. gold. go. Tby P. A a Term. RR-.c'ir 
Ten yrsr .InkfngTund gold losn. red. at 100... c' 
DeTsware RlverTermlnal Par. Money M., gold.c- 
Delaware Hirer Term. Ext. Par. Mom. M., gold.0* 
Mortgage* OB real estate 


P. * ft. Coal 4k I. purchase money * real estate M. 
Do do gaar.exfdhl892-w4.gold. 
Coal tnut eertiaeato*. gold. Bee V. 03, p. S3- 
Philadelphia Subway Loan. $3.OOXOOO. 





72-'84 
i M i 

1HD4 

.-. ** 

1871 


500 Ac. 

.,*> A, 

1.000 


< 5,6*7 

- i t 
6 g- 
1 

-i JMT .!! 

7 


Various 
Seml-an 
Q.-J. 


Phila.. Read. Ter. Bldg. 
do do 
Philadelphia. 


To 1904 
1897 to i -iHi" 
Apr. 1. 1904 
1904-1924 

1996. 
Jan.. '97. 4% 
Hay 1. 1921 


H>a4lBK <-omtpmmr BUXM TO BE issrtu 
Otatnl M.. 135.000.000. g.. s-f.not nubj. to call 
JhMMfsvrr stonL-tltook 8p.e.ga.DeL* Hud.)eBd.) 


IN BX 

Text 
LM 
79 


IZATIUN 


J. * J. 
J. A J. 
M. * S. 


1st Int. paid Jan., '97. 
H.Y.,Del.*H.CanalCo. 
do do 


100 
1.000 





AKoanoke. STOCK la 8873.60O; par. 1OO. OB June 3O, 1896. loans 
anil bill* payable wm8155.77; total nrt current liabilities, 833O.7S5. 
Jointly with Raleigh A Oaston and Seaboard A Roanoke Issued the 
ear trust bonds. vTei. p. 884. 

EABXios.-Year ending Jane 30. 1896. KTOOs, 8463,455 : net, 81O6,- 
oihorlncOBM.89.2n: charges. 74.3; balance, surplus, 841.- 
InlB945. gross. 8431.087; net, *106.971. (V. 61. p. 731.) 

* 3eOBV-OwstroiHal4> i_to WcktoB.*. q,98 mile* 

and has large Interest hi PinhM * "'iilhBi ii*BEjPurham to 



644: 
035. 






I OBI 



42 miles; and wrth Seaboard * Roanoke control, 
also control* Georgia Carolina A Northern and 
the bonds. Seaboard* Boanoke own* 8742.2OO of 
* Oaeton tlJOOjOOO .took: par. 81OO. Jointly with 
Air Uae and Seabord Ji Roanoke Issued 8250.00O 
In April, !. V. art. p. 684. _LoaBBd btlU pay 



L IB 1889, 1 WO aad 1891, 6; hi 189f. 4 p. c.; none since, 

gross. S599,197j: net 
. iterwt 883.850. Uses 

,079; balance, surplus, 

- .... ... 




Kradlns * < ..Intnl.! 



P. > miles: branches. 13 miles; operates Martelta Juactkra to 
tea. mile* ; total operated. 59 ules. q 
r * Read, was sold In JnDe,l94. at 
, of 



qaairrTllle branch of 

. 8958373 (par. 



, ,. . 

880JI, of which 7-a^oo. with the 1.1*00.000 debentoraa, w owned 
toy PMl.* Kad. and deposited ander Its coll. trust of 1892. The road 
to wMtroUed and p*rsid B the Phila. * Read . bat accounts kept 
Mparate. IB year endiBg JOB* 8O. 1895. gross, 8279.783; net, 890.. 
IS3~ other Incomr. 81. 10(; eharB. tllTjgl ; balance, dsArtt. 826V 
702. IB 1893-M. groM. 8384.17OT net, 807.931. 



tf^mf- PklUdrlphla * lt...lln Uy. 
Muf.t TW "Bead tag Ceaiyaay" OWBS BO road In fee, bat thronch own 
enhlp of the roilre capital stock* of the Philadelphia A Reading y. 
and the Phila. A Res>dtag Coal * Iron O... It eontn.l. all th* property 
heretofore eontrolled ^ythe Philadelphia * Rnadlng **. Co. 

The Philadelphia * Keadlng By. operates IB ooBnertion with the 
great anthracite coal proBertlM of the Philadelphia * Rradlnx Coal A 
Iron Co. In <he ffhuylklll region. Pentuilranla. a large system of 
road, onterlnv at Phlladaipate aad extending tbenee westerly through 
to HaieltOB BBd WlUlamsportoB Ike north and liar 



> HaseltoB an.i WlUlamsporton the north and Hsr 
rtsburg, 8hlfBBBsbTf aad Oettysbun. la Pennsylvania, on the south. 
Iso easterly IB Hew Jersey to AllaBtle City, the summer resort OB the 
AiUntle Ocean. BBd to tidewater at Port Stadia* OB Hew York Har- 
bor. Tbe -j'trm eooiprlscs : 

oil I- XUei. 

to Mt. Carbon, 
i tracked).. 



M 

M 

U 

I : 



. to Harrtolmrg. Pa 

I.ebBBDB to Brook.klr. Pa. 
Koek vllle to AabarB.Pi 
Habaaoy City to Pt. 

. 
Ms* Castle to . . 

Plain. Pa 

Other lines .. 19 

Total (2 tracks ....) 831 

' (Boo each Co.) 
OsBlwfoiisaali) RK . 13 



ft 



Philadelphia Oermantown A 

Norrlstown RR 34 

CatewUusUK 97 

Philadelphia * Chester RR... 10 

North Pennsylvania K < 86 

Delaware * Bound Brook KK. 34 

Norrlatown JUBCUOB BR > 

i ocbuylklll A Lehlgh BR 44 

I Philadelphia UarrUbnrg * 

Plttsburg RK ..41 

PhUa. * Koadlag Term. RR 1 

l.iJtrl controlled (S* each Co. ) 

Philadelphia * FrankfoM KK. 8 

Reading * Columbia RK 

I Phila. 4 Chester Valley KR. 



Valley KR II i Horth Bast Pennsj I 

ylvanla KR 86 1 Chester * Delaware 

... i I Atlantic City RR. .. 



East ivnas; 

All. ut"wn 

*ctiiivlklli 
Mine Hill .k HchnylkUl Haven 



rbOB* Pt. Carbon RR 

Bebiiylklll Valley BR. . . 
East MahaBny RK 



.- , UK. 
Kir. RR. 



Rupert * BIoomshnrK KR.... 
I Bloom.liuric Brit l.liu- KK 
M I Oatesaaqua * F.. h -.-|.vi!l.- KK 
2 | Mlddlrfn * Ilnmim-Nfn KK.. 

.nden County Kit 
II I Gettysburg * llarrlliunc Ky. 
14 I TamanUB Bazleton * Xi>r. KK. 
I Other lines 

I Total lyiitem Oct., 1806.1,177 
OBOA*Mtn<.t -The Philadelphia* Reading RR. (chartered April 
4.18*81 BBd the P. * K. <! A Iran Co. were sold In rorr<-loure Sept. 

of 1889 and at receivers' sale. 



BBd their aces reorganised par >! IB V. 61. p. 1 loo. 

Is the present law* of Pennsylvania forbid a railroad company to 

b,,i.t,,... r .1 ,.-.. . ... 

lie BBdor the charter of the old KxaaMor Enterprise Co., which aute- 

,t. I'..:,-' . - 



., 

of 1871. The name of the Exoelsl.irCo. has 

beBB ehaaced to Readlag Cnnpany." which company own. the - > O.- 
and rJ"."OO.OOO bonds or the Phlllnlphla A Reading 

and agaln.t them 
159; V. 64, p. 84. The 
I.-e. 1.1800. 
IB tbe reorganliatlou Uie II million* i>f ul<l >toek and Uie 50% 



By. and t lie^^HHBtoek of the Co 
hBsttrweeIIUe*. Bee V. 98. 



millions of old preference Income bonds were anessed 20 per cent, 
the utook then reoelving KKI per cent In new common and the prefer- 
ence Income*, common and preferred .took In certain proportion*. 

The old company had previously been In receiver*' hundu from May, 
1880, to February. 1883, also from June. 1884. to Jan., 1888, when It 
was reorganlied without foreclosure per plan In V. 43, p. 747. Tbe 
leasfteofthe Lehlgh Valley and Central RK. of N. J., taken early In 
1892, were terminated In August, 1893, and 1892, respectively. 

VOTISO TmCBT. All cla-oe. of stock of the new company are to be 

' ' bv voting trustee* (J. Piernont Morgan. Fraderio PToioott and 
other) for live years, and thereafter until 4 per cent cash divi- 
dend per annum .hall be paid on the tlr-t preferred stock for two con- 
secutive jean, though the trustees mar In their discretion surrender 
the stock Bt an earlier date. 

STOCK OOXVEKMOX AMD OTHBB PBOVIMOS* After dividends at the 
rate of 4 per cent per annum for two successive yean on the nr*t pre- 
f erred **oek, the seeend preferred at the new company's option may 
be converted at par one-half Into tint preferred .tock and one-half 
Into common nook. No additional mortgage shall be put iitmn the 
property, nor the amount of the preferred stock authorized i- In- 
creased. except by vote of the common .tock and with the content 
of the holder* of a majority of lite whole amount of citfA class of 
preferred stock a* regards a new mortgage or new first preferred, or 
of the second preferred stock, a* regard* an Increase of that *took. 

KXCHAHUB or SBCUBITIKS. llolilrr* of old securities for the prin- 
cipal of their holdings will receive, on payment of assessments (all 
BOW called) the following : 



HoUtnof- 
Oeoaral mort. 4* 
Pint prof. l 

Third pref. 
Stock 



.\worn. litpref. 
t. mtri. fondt. 



100% 



Hoc*. 
...... 

SOS 



Zdprrf. Oon.tlk, 
tfoek. Tr.errlit. 



20% 

Bojcna. Tho JTaw Oenerml Xortgagr 4* (Hrst Interest payment July 
1, 1896) are secured by mortgage and pledge of all properties and 
securities embraced In the reorganization, and also all other property 
acquired thereafter by use of the new bonus. They will have a sinking 
fund out of the revenues from tbe Coal A Iron Company, but are not 
be subject to compulsory redemption priori" maturity. The new mort- 
gage It also, kubject only to the bonds for which reservation Is made, 
baaed upon properties or securities of all the Hues of railroad owned, 
327 miles; various leasehold lines. 552 miles; all the property of the 
Coal * Iroa Company, or the securities thereof, representing nearly 
200.000 acre* of eoal and timber land: equipment valued at about 
lO.OOO.OOO. iirrvlonslT subject to about 87,300,000 of car trust obli- 
gation., which are to be acquired under the plan, and also the marine 
eontpment. 

Furthermore. It has a flrst lien upon a majority of the capital 
tock of rarlons companies In the system owning 448 miles of rail- 
road, of which 195 miles are leasehold line* Included In the 552 
miles above stated. The securities thus pledged were mostly held 
under the collateral trust mortgage of 1892, tbe redemption of which 
was provided for In the reorganization. Tbe securities are said to have 
earned la 1894-95 an Income of 8585.OOO, of which 8448,000 was actu- 
ally received by the company In the war of dividends see list of thcso 
securities and other facts In V. 59, p. 704; V. 61. p. 1111. 

The new mortgage Is for 11 I.IKKI.INN) and It mayalso.lf deemed 
desirable, secure an additional 21.0OO.OOO, of which for P. A R, Term 
Inal bonds, 84. 5OO.OOO.an4 for P. A R. Coal A Iron bonds, 812,500,000. 
The * 1 14.000,000 bond* were to be issued or reserved a* follow* : 

To take up undisturbed bonds at maturity 844,550,000 

For future construction equipment, etc., at not over 

1.5OO.OOO per annum under stringent provisions. 2O.OOO.OOO 

Immediate exchange lor old general mortgage bonds 44,57ft,OOO 

For delivery to syndicate 4,000,000 

Contingencies 875,000 

The lirmtmml mortgage bond* are the Reading's own bonds, and are 
secured by a mortgage upon all the property of the Terminal Co. and 
by a traffic contract between Beading and the Terminal Co. foe trus- 
tee Is the Provident Life A Trust Co. of PhUa. Amount authorized, 
S8.5OO.OOO. Bee description In V. 04, p. 85. 

For Itn year finking fund loan see January, 1895, SoTI-LBH ENT. 

The eoal Iruml certificate* under the agreement of May. 1805, are 
not redeemable until April, lltol see particular* V. 03, p. 838. Bee 
also Jan., 1895. SIJPI-LEMBST. 

.Dataware Ritrr Terminal sinking fund was organized In 1895 and 1* 
to amount to 84OO.OOO In 2O years. Bee V. 6O, p. 90<J; V. 64. p. 35. 

As to Philadelphia Subway Loan tbe receivers were authorized In 
Jane. 1894, to pay Interest land principal at maturity) of not exceeding 
S3.OOO.OOO out of a total IS-IIP of *(!.IMH,(K)O of S^ per cent bond* of 
City of Philadelphia, to abolish grade crossings. Tho amount outstand- 
ing will be Increased to this figure on completion of the subway. 
Principal I* payable after ten years from ASM of loan In 20 annual 
instalments. See V. 58 p. 1110; V. 62, p. 950: V. <;:!, p. -441. 

COAL PBOPBRTir.s. The Company owns all the stock (88,OOO,OOO) of 
the Philadelphia A Reading Coal A Iron Co. The estate* of the eoal 
company aggregate upward* of 194.OOO acres, classified a* follow*: 



INVESTORS' SUPPLEMENT. 



[VOL LXIV. 




18&7.J 



RAILROAD STOCKS AND BONDS. 



119 



RAILROADS, 


Mile* 
of 

K.M.I. 


Date 
of 
Bond* 


Size, or 
Par 

V..11M-. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 
StotktL*&t 
Dividend. 


For explanation of column headings, Ac., Me note* 
on Brut page of table*. 


Rate per 
Cent. 


When 
Parable 


Where Payable, and by 
Whom. 


MieH.frtd. 4 *W.-Wk.com.(91.O71.SOO dlT.,obllg.) 
stock, gnar. 7 p. c., except 919.3OO gnar. 6 p. o. . 
1st nkorurace. convertible 


"82 
83 
82 

82 
-J 
82 
31 


1856 
1858 

187O 
18M 

u ...; 
1890 
1882 


rlim 
100 
Varloua 
Various 
Various 
Various 


$2,250,800 
500!*00 
99,070 

l-.'JI-' 
298,000 

33303 

53,511 
500.000 
315.OOO 
160.OOO 
123,000 
480,000 
2,375,000 
1,000,000 
34O.5OO 
300,000 

1,850,000 
4.510.OOO 
4310,000 

1.MHNI..HNI 
B3BO,OOO 

15,200.000 
3OO.OOO 
216,000 
84,000 
555,200 
1,500,000 
150,000 
450.000 
345.360 
lO.OOO.OOO 
417.800 


s.-.. i. \t. 
7 per an. 
5 
5 
6 
7 
5 
Vtg. 
to 6 


J. A J. 
M. A N. 
J. A J. 
J. A J. 
M. A N. 
J. A J. 
J. A J. 
A. A 0. 
U. A N. 
M. * N. 


Phi la. A Richmond, 
do do 
do do 
do do 
do do 
do do 
do do 
JC.Y., Phlla. or Richm'd. 
P.ct. of int.pd.from net. 


J'n.2/97, 3>V'o 
Nov.. 1896 
1901 
1901 
1901 
July, 1899 
1901-19O2 
Apr. 1. 1940- 
Nov.. 1921 
1937 




,i., 'do due In U. 8 


do oerttflcateaof debt, due In U. 8 
Sdmortgage : do 


fl.OOO 


JNrAatowi rf twfktembttrff lit mortgage 


9d mortgage * . . . .T . ~ 




JtKA IfieAot In. 4 B. Receiver*' eertlncete 




























1st mortgage, gold. . c' 




1889 

1875 
UMO 

ILWAT 

1889 
1890 


i.obo 
100 

500 Ac. 
1,000 
CO. 

1,009 

100 
1,000 

100 
100 

l.OOOAe 

so 

1,000 


. 

S-. t.-\t. 
f. A 7 

4%g. 
Og. 


J. A J. 
J. A J. 
M. A N. 
A. 4 0. 

J. A D. 


In default. 
Richmond, Office, 
do do 
N. Y., Brown Brothers. 

X. Y., Maltland, C. A Co. 


July 1, 19 1 
J'n.2,'7,3V 
May 1, 1915 
Apr. 1, 1940 

Deo. 1, 1939 


MeAatowfit TV*ii stiira Block ... 


23 

23 
27 

I:N Kv 
62 
;-.p 
180 


Plr*t mortgage (924 5OO am 7*) 




Fork JTiKf 4 Ckaaftukt 6mm SOOTHE 
SrwiMfo ,/wicHoft-lst St. mid, mar. Jointly .1" 


il M.,95.0OU.OOOg.325,OOOp.ni..lncl. aqulp.o'tr 
do fh-an*1f ir*rlrn Ommim lock 


Bee text. 
See 'text. 

S'- 
4% 

6 per an. 

. i- r ,,:i 
^0 
6 
6<4 

. ]., r in. 




J. A J. 

4"->. 

JT* J. 

Jt. "AN. 

1 -i. I) :l 

J. A J. 
J. A J. 
J. * J. 
J. * J. 
J. * J. 


N. Y.,Maitlnd,C.ACo. 
N.Y.,offlce,32 NauanBt. 
do do 
N. Y., State Trust Co. 
All owned by Penn. RR. 
Phlla., Co.'s Office. 


July 1, 1940- 


Preferred took (97 ,500.000 authorized > 


553 
434 


1889 


Aug. 1, 1893 
July 1, 1939 










1882 

i- . 

1878 

1---, 


May 1, 1912 
Dec.3l, 1903 
Jan. ,'97. 3% 
Jan., 'U7, 2>a% 
Jan. 1, 1900 
Jan. 1. 1995 
Jan.,'97. 3>8^ 
Nov. 1C, l*wt; 
Sept. 1. 1910 


Debentures. ,.,".....,, ", 




fcA. * r;. -stock. 6% rental Erie RR 
M* Ateml 4 Aerte Btoek 7 


18 
113 
91 
113 


100 

as'.bbo 

5,000 
100 
100 
100 Ac, 


W. Y.. by Erie RR. Co. 
N. Y., Corn Exch. Bank, 
do do 
do do 






MM 4 Clinttn Stock .. 




07 


iS55 


N.Y.. Or. Cent Station. 
<1o do 


1 Mitral A B^Bome to Caw Vln..s.f..not dfn.c- 


M! A s 



.-..Ill 
. 7.4*9 



Ttmberlandsowned (acres) 70,489 
Iron or* land* <aer**> 21.000 



GKIBBIL Fi*A!cBV-Under the plan of reorganisation the annual 
flxed charges of the reorganUed system war* to be 99.317.173- 
a dsoreass compared with the old and charges of 9717.9OO. 



A further 



compared 

rr.l ..'.: ,. 



r cent of 



' aom* 930,000.0019 A per e 
and the extension already I 



000 North Pennsylvania 7 
9310.000 has been 



will alao be 
Uw refunding at 4 to 44 
i and 7 per cent bond* ahortly 
ed at 4 per cent of 41.5OO. 
An kldUlonal reduction of 
readluuuieai of old leaaes 



(Catawtosa RR . etc.. V. 63, p. loll. 1114. 11001, aad a Farther redue- 
Uon will be secured through Deeding necotlatioa* with Delaware 
Blver Terminal Extaaaloa bond*- see V. 44, p. 90. 

OaM Ke^uinmntt. -The aew company start* without floating 
debt, aad will be relieved from (be emberr iiaan t of car trust* aad 
the lack of working capital. The a*********** will yield 9JO.462.289 
aad the syadtoale will contribute 973OO.OOO-f24.16J.OOO In ail-to 
be applied a* follow*: Floating debt, 93300.0OU ; receivers' oertm- 
93300,000: ear trust* aad eqwpeoeat aoe*. f73OO.OOO ; interest on 
giBinlmortgag* aad payment of equitable laterest oerttaoat**, 96.- 
of ataklag fuads oe. dlvlsloaal coal mortgage*, 
attea; a**., egpeaeti*. J9.0OO3OO. The balance. 



3.000.000. will be 
LATEST EABJUWM. Per 11 
below: The oomf 



. tat ..-i 



11 mo*. OrawMnu. 




of the new company, 
_ Oat. 91 result were a* 

ined results of the railroad and coal companies. It 
a aawett la 1903*6 of 91.920.649. against a deooii of 
91.703.174 in 1894 90.-V. 48. p. 1011. 

BAILBOAU OOMPAIT. 
.ftt. OUurlt. t'Aamef.4*. 
98.379374 944O.314 9*.781340 
8.400.973 512304 9,047,011 
COAL COMTABT. 

SfUS; ^w3E5^de3l.05l394 

i. . . j . . i j^ _'..-_. 
Ajmri. Kr.roKT. Fiscal year ead* Her. 90. Aaaaal BiiitlBf to 

held aeeond Mondar ( - * 

ii. v , ; ; t ; 



. 

def.98 '<.775 
nr. 5O.7W 



. . 

y In January. The report for 1894-95 wa 
Be* aUo p. 340 and edltorta! p. 1 1 1 



l-nit~l 

fotal 
Overall 



mil*! .for. 3O- IfM 

wtraOe ............. 9>^5.073 

9.957370 
0.910,409 
375.4O4 
97.7W 



94,137.9l 
.7M.97 



1893. 



94349,13* 
11.295300 
4,722341 

^ 

BB.Ce 991300370 980344.770 922.H28.840 

eat 11.429.411 11378349 13.349494 






Kotearaianof JteUrwrf. 99.072.104 99.045.780 99.459,421 



of C. 



OS73W 505. 

./. 0....kM*.499300 IN 



,071 

1.104.1M 



Total net of tea emjamto 99309,444 903*0372 *1 1.172,680 

OmcBB*. (*UMt4 .Vo*., 1400). -President. Joseph*. Harris; Ftret 
V tee- President. Theodore Voorbees ; Treaearar, W. A. Church. 

* ratga.-Tb line of road to a* follow* : 

Km 

.... 70 



Troy to l.ake ChBBBlalB. 



1 I 
l| 

D 



tOo*titdi- HUM. 

Haw to Castletoa, Vt . 7 

_ . H. Y.. to Rut- 
laad.Vt.r. 62 



Troy to Waterford Jane., etc 

Behewetady to Beltotoa. 

Ft. Edward to Oaldwell 10 Total operated 192 

LBA*a.-Le*Md In perpetuity March 1. 1871, to the Delaware A Hod- 
aon; rental. * per eeatoa the te* aad Inter*** on the bond*. Word- 
ing of guaranty on stock was la V. 56, p. 773. 

For yean endln* June 30 *ara1igs have been : 

Tear. -.*t. >/. I*L, latri. rle. Hal.,dtf. 

1904-4 9*301340 9*"2,484 91.21O.O48 9347344 

1994-0 2.273.479 9MM 1.194,411 4O6387 

-(T. 61, p. 393. 831: V.62. p. 321.000; V. 63, p. S*. 881.) 



4 * 



rllU 



BQBth 



BaUway Co. 



Mlr*> 



rhMsond Prrderlrksaara; A, Potonsae KK. Owl 
aead. Ya., to qoaatteo, 79 aulee; Jane* River branch. 3m.. 
tteo to Junction. te., 4 mile*, total 86 mile*. The dividend obU 
a* reeet v*> **a*e dividends a* mmoa stock, bat carry no voting 
r. The guaranteed ateelt to said to be aeeured by a mortgage 
the *as*to. Ceeseto are reeerved for prior bond* maturing. 
Of the 93 1.370 of 4* aad 7s maluriag July I. 1800. 90.4OO were con- 
verted Into common dock and balance paid ott. 

Im -nek.l'88. '90. '9O. '9110*93. t>4. '95toJan.'97. 

eiuidlr.oblmi. pe. { 7 7 6>i 7 yearly. G>< 7 yearly. 
KAK ionths. ) 1894.... Oroa*. 9950.7701 Bet, 961,749, 

July I I* Kov. 30. { 190n....0roa*, 205328; net, 1O9319. 



A*KUAL REPOBT. Keport for year ending June 30, 1896, was In V. 
63, p. 5O2, showing gross earnings from operations 9739,308; net, 
9242,668; other Income, net. 97.275: Interest, 956,682; dividends, 
9192,570; balance, s-irplus, 9491. In 1894-95 groas. 9705,310; net, 
9237.571.-V. 60. p. 4 1 , 1 IOC ; V. 63, p. O.) 

Richmond * .nrcklrnbnrg RR.-Owns road from Keysvffle, 
Vs., to CUrkesvllle, Va.,31 mile*. Road I* operated by Southern Ry.Oo. 
under operating contract by which R. A M. get* the net earnings and 
certain per cent on traffic derived from Southern Ry. within limited 
territory. A percentage of laterest on first mortgage Is paid from tbexe 
reeelpta. STOCK. -9357.9OO (par 410O). of which 93OO.OOO owaed by 
Bo. Ry. Co. For year ending June 30, 1806, groas. 906,057; net, 
918,410; other Income. 95.591 ; Int.. taxes, etc., 992,867. 

Klehmond Mrhola.vllle Irvtnr * Beatlyvllle RR.-Own* 
road from Versallle* to Irvine. Ky.. 62 mile*. John MacLeod receiver. 
Foreclosure sale ha* been ordered. RKOBOAKIZATION COMMITTEE. 
II. V. Loving. Alex. P. Humphrey and St. John Boyle. 

HI. iiniiiiMt A Prtrraburg KK. Owns from Richmond toPeters- 
hurir, Va.. 23 nillM: branch. 5 mile*. Operated In connection with At- 
lantic Ooact Line System. 

DivTDBUMataee IBM- In 1884. 1885 and 1886,5 peroeat: In 17 
6: from 1944 to Jan., l94. Inclusive. 7 per cent per annum ; In July 
1804, 3 p. .: In 1805, 4>* p. c.: In 1 S96. 7 p. c.: In 1897, Jan..3>* p. e. 

EABXIJBM.- moath*. >1806 Oro**, 91.10.013; net. 937,278. 

July 1 to Ifev. 31. (1800 Gross, 147,t>15; net. 46,839. 

AraOAL BBPOBT. Ftooal year end* Jane 30. Annual report for 
1800-04 In V. 63. p. 55 s. showed groas receipt., *4O8.403; net. 
9154309 ; other Income, 95.5O3; Interact, 934.745; dividend*. 970.0OO. 
-(V. 58. p. 418. 1059; V.Ol.p. IOCS; V. 43, p. 5*4.1 

Rio <irandr J unction. Owns road from Rifle Creek. OoL, to a 
~-~>*~ with the Rio Urande Western at Urand Junction, 62 miles. 
FBI* to a connecting link In the standard-gauge route between Ogden. 
aad Denver aad Colorado Spring*. l.eaed by Colorado Midland and 
rerARIo r 



The road Is to extend from 
course via the Man Bias Mo 



at 90 per coat of groas earnings, which companies 
faintly aad severally guarantee the bond*, principal and Interest. 
Stock to 99XKM300 (par. 9lou>, of which Colorado Midland July 1. 
19*9. owned 9737.1 W. (V. 01. p. 820. 9*0; V. 52. p. 904.) 

Rio <irane> Xlrrrr nadrr * Parlflr. Organised la Mexico. 
Olwlad Juarnx In a general southwesterly 

[ounlalas. Lake Uuiman, Bablnal and Ban 

Pedro mining region. t<i vicinity ot Caa (I ramies, a distance of 15ft 
mile*. The rapTtalliatlon will probably be MO.OOO a mile In stock 
aad 920,000 a mile In bonds. The promoter* are Messrs. E. U. Mor- 
gan A Co.. Morton. Bile* * Co. and Tilghuian. Rowland A Co. The 
New York office* are at 04 Eiohange Place. -Bee V. 63, p. 45!). 

Klo tirandr Itonlhrrn RK.-WAW Map Dmvtr * Rio Oraiutt.,- 
Owns narrow gauge from Dalla* (new name Rldgeway), Col., on the 
Denver A Rio Uraade, southerly to Durance. 169 miles, and brancbe* 
to reUoride aad eoal field* near He*peras. 18 mile*. 



.Ere. On Jan. 15,1896, the receiver (appointed la 
An*.. 1893). was discharged. All the bond* aasented to the plan by 
which Interest on first* Is reduced from 5 per cent to 3 per cent to 
li)98, and 4 percent thereafter. A majority of the stock Is 
owned by D. A R. O. and by It ha* beea placed In trust. See V. 63. p. 4O I. 

Mortgage trustee. Central Trust Co.: abstract. V. 54. p. 163. and ap- 
plleaUonto N. Y. Stock Exchange In V. 54, p. 446. Bills payable June 
30. 1804 (under contract with the D. A R. <J.). 9382332. 

LATBBT tUaxnio*.- 5 mo*., < 1896..... Gross, 9196,034 ; net. 991.387 
July 1 to Mov. 30. 1 1800 Oroa*. 222,910 ; net. 127,159 

riurplu* over charge*. 5 month* of 1806. 990.854, against 955.327. 

For year ending June 3O. 1894. groas. 9489,234; net. 9*34396; 
otherlneome. 41^374. Interest, fl35.3OO; taxes, 931.594: Insurance, 
rJ,002. In 1804-00, gross. 94O2.708 ; net, 92O0.994. (V.63, p. 897.) 

Klo Urmn4e1*/Mt*rn Ry. met Map.) LIKE or ROAD OwnsOre- 
vasse, CoL. to Ogden, Utah. 310 m . to Waaaten. Blngham, Coal Mine*, 
etc.. 51 m.; Baa Pete branch. Thistle to Manti. 61 mile* ; Sevler Railway 
(proprietary line all securities owned), Mantl to Belknap. 63 miles; 
Tlntle Range Ry. (proprietary line, all securities owned)- Springvllle 
to If am moth, aad spar*. 52 mile*; total owned. 537 mile*. Leaaes Ore- 
va*ae to Grand Junction. 18 mile*. Total operated. 555 mile*. Main 
line I* laid with 65-lb. steel. Also own* 11 mile* of tramway*. 

HISTOBT. Formed In June, 1889, to succeed the Denver A Rio 
Grande Western, by plan of March, 1889. V. 48, p. 429; V. 52. p. 941. 

CATTTAL STOCK. Preferred stock Is entitled to 5 per oent dividend, 

m-eumulatlve, then common stock to 5 per oent, after which both 

juaes of (took snare pro rata. 

DiviDKifD*.- Pre- > 1891. 1892. 1893. None 

ferred, p. a > 3\ and 2 > pref. stk. 5 3H *lno 

Bono*. See abstract of mortgage (Central Trust Co.. trustee) In V. 
49, p. 237, and statement to New York Stock Exchange In V. 50, p. 73. 
In December. 1893. 91.2OO.OOO Jim mortgage 4* were Issued for 
Improvementa, This mortgage cover* the 434 mile* owned In fee, 
ill miles of tramways, but not the Svler Hy. securities nor 
the Tintic Range ser.urltlnn. both of which Issues are available assets, 
i >n June 3O. 181)6, there were 98OO,OOO/fr(j In the treasury. 

KIR.MIM., .-r. months, ) 1896 Oroas, 91,001,108; net, 9370,7:14 

July 1 to Nov. 3O. > 18U3 Orow, l,lU4,08Uj net, 503,054 



RAILROAD STOCKS AND BONDS, 



I VOL. LXIV. 







JANUARY. 16V7.J KAUJtOAl) STOCKS AJNJJ UOJNU8. 15*1 


RAILROADS. 


Mile* 
of 
load. 


Date 
of 
Boa* 


Size, or 
Par 

Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


Bond* Princi- 
pal, When Due. 
Stock* iMt 
Dividend. 


For explanation of column heading*, Ac., see note* 
on first page of table*. 


Cent" 


When 
Payable 


Where Payable, and by 
Whom. 


Momt Watertom 4 Otdt*tbury.-(Cocidtd}- 
Byraeuse Hotth'a. l*t JT Syraonoe to Sandy Cr.c- 
Coaoal, M. (tat. but not prln. payable In gold)..o. 
Ovwego Bridge Co. 1st mortgage 


46 

All 


1871 
1874 
1---. 
1---, 
1886 
1888 
1865 
1891 

1873 
1890 

BS 

1878 
1881 
1891 

1894 


$1,000 
1,000 


$500.000 
9.076,000 
100,000 
1 75.0OO 
130,000 
375,000 
350,000 
400,000 
250,000 
2,223,000 
300,000 
1,750,000 
50,000 
4,239,100 
1,464.100 
1,450.900 
005,000 
See text 
500,000 
3,8481590 
2,068,000 
4,556,100 
6,998,000 
1.679,000 

4.600,000 
5.500.000 
3,500.000 

3,500,000 


7 
5 
6 
6 
5g. 

5* 

5g. 

7 per an. 

7 JI.T ;i!l. 

7 

1 Jn'fc 

6 
41, g. 

5 g. 
5 g. 


J. J. 

A. O. 
F. A. 
F. A. 
A. O. 
M. N. 
M. N. 
F. A 

M. '8. 
J. J. 
J. J. 
J. J. 
J. J. 
M. N. 
F. A. 
J. J. 
M. 8. 
J. J. 


N. Y., Or. Cent Station, 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
do do 
Philadelphia. 
See company's office. 
Boston, Globe Nat Bk. 
do do 
N. Y., U. B. Mort. A Tr. 


July 1, 1901 
July 1, 1923 
July 1, 1915 
Feb. 1, 191ft 
Apr. 1, 1910 
May 1, 1918 
May 1, 1916 
May 1, 191ft 




17 
13 
14 
38 
28 

150 
16 
134 
3 
120 

ue 

ijn 

67 
131 




NorWd A Mont 1 st M., g. , $360,OOO; f 10,000 p.m. 
R. W A Og.Term.RR. 1st M.. gold, assumed ..o' 


i'.obo 

1,000 
1,000 

"ibo 

500 Ac. 
1,000 
1,000 
108 
100 Ac. 
100 Ac. 
1.000 

1.IHH. 

1.000 
50 
l.OOO 
100 
1,000 

1,000 

100 
1OO 
100 


3d M., gold, guar p. A L (end) by R. W. A O .c- 
X. Fall* fir. RR. stk-f ($243,OOOown. by R. W.AO.) 
Uttoa A Bl. Rl v. sfk.7 p. e. perpet gu. by R. W.AO. 


Sept 30, 1896- 
July 1, 1898 
July 1, 1923 
July 1. 1919 
Jaa.a.'O?. l> 
NOT. 1, 1903 
Aug. 1. 1898 
July 1, 1941 
Sept 1, 1931 
See text. 


U. A B.R,lt M.. $2.000,000, g., gu. p. At (end.) .e 
*K?tH4BUomuVr-l* M.gn.p.AI.(end.)P.AR.g.c' 




3d mortgage and first on rolling stock c 


First consol. mort for 03.5OO.OOO. gold. c'*r 
aV. rVtola<fli7tm-ltM. ,$15,000 p.a..gold. ..c- 
57f. Had. *8t.L. Bell-Alton Bridge 1st M.. it. c- 
m. JoAHJOvry * L. CkamfL-Moe*. 81.298.5OO. pf. 
Flnt mort^l.328,OoVii*r. by R A M.jgold.c- 






5g 


M. 8. 


Boston. Comp'ys Office. 


Mob, 1. 1944 


1st mortgage gold. In tercet guar by UP e" 


353 
353 


1---. 
1885 


eg. 

6 > 


M. S. 
J. J. 


NOT., '93, coup, last pd. 


May 1, 193ft 
July 1, 193ft 




~~ New eBccama* WILL BB : 
. So**** * Grand Hand * r -ComtDOB stock. . 
lot preferred stock, 5 per cent, BOB earn 













1st M.. (text) g., 2 p.0. 3 yr*., 3 P.O. Syr*., then 4 


353 


1897 


3-8-4 


U. A J. 


1st coup, due J'ly 1, '97 


1947 





ANXI-AL RBroBT. Fiscal year ends June 30. Annual meeting Is held 
th Monday la October. Full report for 1895-96. with balance 
thcet, etc.. was In V. 83. p. 697, 697, 70*. Uee also editorial, p. 681. 
Tfmr end. Jitiu 30- 1896. l-'V 1894. 1 -.:!. 

631 

83.189.891 
667.094 
715.748 
608.000 



Average mileage 531 



Het earnings 

toa bonds.! 



telenet oat 
Rental, etc. 
btvldoadi 



869.A59 
957.189 
608.000 
107,761 



531 
02,101.318 
647,083 
670,691 



m 

"88 



60,558 
813,416 



Total payment*.. 8715.751 8875,488 8661.341 0932.974 

Balaaee snr.rS41.438 snr. $40.263 sor. $9.350 def.886.5O6 

V. 62. p. 415 ; V. 63, p. 561, (87. 681. 887. 7O8.I 

Horhrtrr A tirnrfrr Valley. ' PH. from A ...:.'.. I: .:..,:. 
: * mile*. Leased July 1. 1871. la perpetuity, to Erie Railway. 
Rental. $34.012. James Braekett. Preside*!. Rochester. N. Y. 
Rork Island A Frorta. Owa* from Rook Island. I1L. to Peorta, 
R. I. A Moreer Gouty RR.. 23 



HI.. 91 mile* 
total 118 
RR.. 5 m 
OMoare A 



; branch 5 mile* ; 



t.. Clinton. N. Y.. 13 
perpetuity In 1881 to Delaware 
by N. Y. Ontario A W. Capital 




_a_8_ 

afaboTO, 38* arila* i OB 
total. 634 mlloa. Also 
East Osw*go Hew York Oat. A Western 



-fai Jfa JTow for* On- 

m aoar Niagara Fall* to 
38 mile*. Rlchlaad to Kaot 
RR.; Rlohlaad toBome.41 mlleoi 

FulaaW-Fultoa. etc.. 104 mile.; 

Utioa A Blaek River Railroad. UUoa to 
j. 150 mile* ; O*wogo A Rome Railroad 
Watortown A Saeketfs Harbor. 3O m.; 



Nlafara Fall*. 3 miles ; Fulton to 
rn 12 mil 



mile*. 



LB4SB.-U Marok, 1*91. lull! daring Its eorporalo nlotian 

aad renewals Ihariof to tho How York Oealral * Hudson River RR. 
Co.. whtehaasame* the debt aad guarantee* ft par eeaton the (took, 




riDin>*.-From 1887 to February. 1891. both taebmlro,atraloof 6 
tar eeat yearly; March. 1801. 20 per eoat la stock; la May, 1891. aad 
thereafter ft par eeat par annum guaranteed. 



jfwnov-OaJaM .>. i- 
888. Vlita 4 Btmek X* 



1880 an 



iWOangoaranteMl. p. anl..brth*R. W.AO. SoeV.SO.p. 77 
Tho Ormtfi 4 JtouM road U tsassi IB parpotnlti, and the M 

mortgage boads gnaraateed by ROOM Watertown A Ogdeaaborg. 
Cartha. -Jatertown A Sackert's Harbor Is leased for 871, par 



_ ware 8364.- 
.tntatwt oa bonds 
jaortgage bond* of 
Se*V.50?P 771. 

second 






(V. 58. p. 713. 793. 1015: V. 57. p. 1134 



87>f percent 
;T. 58. p. 738.) 



Mull.nd KH. -Owns Bellows Fall*, Vt. to Burlington. Vt. ISO 
. il loaea* the Aodl*on R&. Letoerter Jane.. Vt.. to Tloondoromv 
: mlloa. Tko road was l*sd tor 999 yean from Jan. 1, 1891. 
ont (so* V. 69. p. 134), hot In March. 1896. recei 
for that company and OB May 8 the Rutland 
l of It* own read. Tko eoapOM hare boon fold prom 



to Central Ve 



MaarlBiaw Valley 4c t. LouU. Purchased In Nor., 1896, br 
Dr.TBorr ORAXD RAPID* * WISTEBN, which see. 

oi. < luir nudlxiii 4c flc. Lout* Brit. Projected to run from. 
a point In St. Cnarlas Count r. Mo., to Belleville, 111., about 40 miles rla 
bridge acroo* the Mississippi River at Alton, III In October. 1894, the 
bridge and 2mlle of road were completed. The bridge Is 2.1OO feet 
long aad laid for donble-traek. The C. B. A Q., Cleveland Cln. Chic. * 
t L. and MUwourl K. A T. road* use the bridge. DEFAULT. ETC. 
Interest duo Jan. 1. 1897, was not paid, and on Jan. 15, 1897, J. F. 
Barnard was appointed receiver. 

STOCK AXO BOVD*. Authorlaed stock I* 8500,000; par 8100. All 
full paid and outstanding In October. 1895. Flnt mortgage bond* 
mature July 1, 1933. but are sableot to call at 105 and Interest at any 
time on 00 days' notloe. In addition to $500,000 first mortgage bond* 
sold, OlOO.ooO are said to be outstanding as collateral for a loan of 
about 875.OOO. For year ending June 30, 1896, gross 822,870; net. 
r -' i -' I 

President. E. F. Loonard. Peorla, til.; Secretary, B. L. Crosby: Treas- 
urer. O. Hodgman, 80O North Fourth St., 8t Louis, Mo. V. 64, p. 181. 

81. J'.iinibur) A Lake rhamplaloj. Own* from Lnnenberg, 
Vt, to Maquan Bay. on I-ki- Champlaln, 12O miles, and branch from 
North ConoordVt, to Rast Haven. 11 miles; total. 131 mile*. B>or- 



, a. s; oa. me*. >or- 

gaaUed In 188*. Tko road la operated Independent ly althougb a major- 
Ryot the stock I* owned by the Boston A Lowell, which linow leased 
U the Boston * Maine. 

Inraar ending JOB* 80. 1880. gross. 8362.62O; dot. under operatl ng. 
84.904) dot. aadoc eharge* for year. M3.O66. In 1894-957 gross, 
0357,102: not. 014,061: charges 876.27lT Baianoe domplt ^09.309 



fa 1893-94, groes. $347.266; deficit under operating. 
8t. Joeeph) A Urand l.l.nd KK.-LJME or ROAD-8t Joseph. 
*", to Grand Island. Neb.. 251 miles; Union Paotte owned 82,3O1,5OO 
atoek (par, 8100). 



RR. 

promptly. 



aad i. ooo^oo ' 



83.OOO.OOO of the preferred 

.000,000 of the 8M80.600 ooBxmoaetoek. par Oioo. 
DlviD!M an uioftMTod stock la 1084 and 1885, 1: la 1886 en.i 
1%: In 1888. 1; la 1888. 1%; tf 1890. 3; In 1891, 3; (n 1893. 4: In 1888L 



onal pro 



_______ ----- . - _ - onm-V, a-. IU *CWl f * IHI iqVJfti Vt III * 

in H94. 4 p. e.; IB 1898, 4; la 1896, 2; In 1897, Jan., 1 p. o. 

*eeond mortgMe Is a ant lion on rolling stork and per- 
y. Tko consolidated mortgage (trustee. C. B. Trust Co. 
'w 83^00.000. hot of this &~OOO.OOO can bo Israed only 
a* prior bonds for like .mount retired. On Julv 1, 1890, note* payable 
wore 845.000. but In January. 1*07, these had been paid.- V. 64. p. 85. 
President. P*relval W. Clement-(V. 63, p. 30, 230, 754; V. 64, p. 85.) 

Baglnaw. Mich., to 
road June 29, 18 -I. 




No flmt mortgi/n 
1.000.000 I- sued 



B*t 



,983 



for the aoetlag debt of $1. 1 4S.270 oYjune 30, 1890. 

RAimaMi-a months, ; im*t Grow. 882.149; 

Jan. 1 to Sopt 30. < 185 Grots - 

.'"Tear 1893 gross. $114.171; oet. $24.925. In year 1894 (TOM. 
* aot 8*4438. Wm. L WeboorTrrae.. 8agtn*w 



B . I" 1 1 

oftao84 

BoimouBfOoilrrTBE.-F. P. Olcott, Chairman, 54 Wall 8t. N.Y.; 
Henry Budge. W. L. Bull. Gordon Abbott In Jan.. 1897. Central Tril 
Co. roeolpt* for 86.447.000 /Irate had been listed on N. Y. Stock Ex- 
chaag*. V. 69. p. 541 : V. 62, p. 321. The plan below outlined hss 
been underwritten (V. 63. p. 970). Further deposits are subject to 
heavy penalty. V. 63. p. 1(80. 

S*i.B.-8ld la foreclosure oa Doe. 38, 1890. for 83.000.0OO to Will- 
lam L. Bull of the committee. V. 63. p. 1159. The new company Is 
to be the Bt. Joseph A Grand Islaad Km Utsoy. V. 64, p. 86. 

RBOBOAWUATIO* FLAM. The modified plan of reorganization (ceo 
V. 62. p. 784, 950.) provides for Itt mortgage gold bonds (Interest at 2 
o. for two roan. 3 p. P for three yean and thereafter 4 p c.),$5,OOO,- 

" ferrod atoek. 5 p. e.. noo cum.. 86,500.OOO: common stock, 

Tko total amount lasnable under the mortgage Is 85.- 
. of whleh 85OO.OOO reserved for uses of aew company cannot 
be tseoed to exceed 810O.OOO yearly , aad$l.OOO.OOOoan be sold only 
for BOW mileage at aot exceeding 86.0OO per mile. 

A toting trust will retain control for the flnt preferred stock for 
flvo years, wales* tho first preferred stock pays full dividends for 
three nnanuaUve yean, after which the control shall rest with the 
flnt and second afotoriod stocks, aad shall so continue for throe yean 
thereafter, after which all stocks shall be entitled to equal vote. Vot- 
ing trustee* are F. P. Oloott. J. Kennedy Tod and Gordon Abbott 

EXCAOB or BBCDBITTBS. Basis of exchange Is a* follow* : 
Bate , And receive now teetti 
Faid 1 \flprtf. Idprtf. 

OldnmrUUt mttutm't. mort. iioek. itoek. 

1st mortgage bond. 6O% 7O* 35K 

>dortagokoBds 6% .... u 10O% 

Common stock 3% .... 6% iwi 

The Oxed annual charge, previously 8420.OOO. will after reorganlia 
?"^ b *J or BPrt two '" (tnHn oharge on 85OO.OOO reserved 
bond*), 880,000; following 3 yean, $rJo.OOO: after 5 yean, 8160.000. 

EABHIXW-I 1 months. I 1898. Oross. $640.624; net, 8127,949 

Jan. 1 to NOT. 30. (1895 Gross, 664,926; net, 1O5.744 

Statement for 1895 la V. 82, p. 819, showed grow, $614,078; net, 

10.720; taxes. $97,127: bal. for Interest. 813.593. in 1894. gross. 

8782.657; net $190.613. In 1H03, gross, 8l.O05.698; net, $.137.912. 

-(V. 60. p. 10U9: V. 61. p. 867. 831.1O14: V. 62, p. 279. 3'Jl. 36. 5O2. 

n, 784, 818, 870, 950; V. 63, p. 76, 924. 97O, 1O64, 1 159; V. 64, p. 85, 

101*) 

i. l.awrenrr A Adirondack RR. From Malone, N. Y. (on 
Mohawk A Malone) to Caughnawaea. 5(1 miles, connecting there with 
the Canadian Pacific at Its St. Lawrence River bridge ror Montreal. 
HISTOBT. A consolidation In 1896 of the Malone A St L., St. L. A 
Adirondack Ry. and Southwestern Ry. All the old Imndu have been 
retired. V. 63. p. 116. Stock Is to bn increased from $1,O9O,OOO to 
OI.3OO.OOO. For year ending June '.to. 1806, gross. $116.258; net, 
88.V98: otberlncnme, $92,000: charges $3.1.327; bal.. sur.. $2.368. Presl- 
ilent. W. Seward Webb. (V. 61, p. 926; V. 62, p. 5O3, 114O; V. 03, p. 
3O, 116.) 

At. l.nnls Alton A Terre Ilaiite. See ILLINOIS CENTRAL 

I. l.ouls Avoyelle* A Kouthwrslern Ry. Owns from 
Bunkle to aimmsnort. La., with branch, 311 miles In nil. Completed In 
Mav, 18!>6. In June. 1896, H. J. Fitch was appointed receiver. It la 
aid the foreolosnra suit will be pressed. 



Com. 
Hock. 



1OO*4 



INVESTOES' SUPPLEMENT. 



[VOL. LXIV. 



Subscriber. will confer a great fmror br 



1 Immediate notice of any error discovered In these Tablet. 



RAILROAD6. 


HUM 

of 
Road. 


Date 
of 

Bonds 


Size, or 
Par 

Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


lloiuls Prtncl" 
pal, When Due- 
Stocks Last 
Dividend. 


tor explanation ot column heading*, Ac., we note* 
on tint page of table*. 


Rate per 
Cent. 


When 
Payable 


Whore Payable and by 
Whom. 








$100 


$1,300.000 

(1) 
(1) 
(1) 

(1) 
4,000,000 
50,000 
1 30.OOO 
889,000 
10.OOO 
396,273 
1,250,000 
200,000 
790.OOO 
790,000 
890.000 
135,000 
3,500,000 
2,000,000 
() 
182,000 
2,140,000 
25,617,780 
5,000,000 
14.335,700 










Irt, JWOO.OOO, gold 


66 
56 

86 
161 


1896 

l-:: 
1896 

1895 

issii 
iM'.ii; 
i.-sii-r, 

1SSS 
1H!IO 

is:>:i -:, 
1892 
1896 
1890 
1890 
1886 
1891 
1890 
1889 
1889 
IHS!) 
1896 
1896 


S g - 

6 g. 


J. & J. 
J. A J. 


New York City, 
do do 


1946 
1946 


-M mortgage. flOO.OOO. gold 
St. L. A Ad. Equipment Co., equipment mort 
. /,oun .4 (ton 2 TVrrr H. See ILLINOIS CENTRAL. 
X-. i ,:,t>* ArovtUtt <t 8. W. 1st mortgage, gold.... 
<M. Jx>Mi 4 Cairo- 1 lit M. . gold. Int guur. M. A O. . C 
01. Lnu.Capr Virartfu 4 Fl. rfmi/A Receiver'scerts. 






5g. 
S^ 

if: 
l g - 

6g. 
6g. 
5 K- 
5 g- 
6 g. 



i g - 


A. & O. 
J. A J. 
Semi-an 
H. & S. 
M. A 8. 
J. A J. 
ann. 
M. A 8. 
J. & J. 
M. & 8. 
M. & S. 
M. & 8. 
F. & A. 
A. A O. 
F. & A. 


Aprll,'96, coup, unpaid. 
N.Y.,Fann.L.ATr.Co. 


1925 
Jan. 1, 1931 


500*0. 

I'.OOO 
1,000 
1,000 

i',6oo 

1,000 
1,000 

1,000 


In default. 
In default. 
In default. 


Sep. 1900-1-2-5 
Sept. 1, 1908 
Jan., 1910 


Oape Glrardean 8.W. oonaol. mortgage gold 
ArkaniuM Extension 1st mortgage, gold... o**r 
ft. Louit Okie. A St. Patii.-Beo'ri' cert. (9400,000) 
1st mortgage, 91.250.OOO gold o 


94 
65 

102 


In default. 


Sept. 1, 1912 
Jan. 1, 1899 
Men. 1, 1940 
Mcli. 1, 1940 
Sept. 1, 1916 
Feb. 1, 1921 
Oct. 1, 1930 
Feb. 1, 1929 








In default. 


SI. Lmu* /ltd. * /;a<. 1st mort., $5.000,000, gold 
-St. Loitit Kama* 4 MnurAwntern 1st mort., gold. 
SL Lotti* Knuutl 4 Southern. 1st mort., gold... o* 
A. tout* JTerc*an/i r. Term. IstM., gu.p.AL.g.o 
Kerch. BrtdgelstM., red. after Feb.l, 1909, at 110 
St. Loud Ptoria * A'ortArn-8tock, $5,000,000. ... 


"20 

"14 

1,162 
1,162 
1,100 


In default. 
St. Louis, Mo. 
N.Y.,F'rsL.ATr.A8t.L. 
N. Y., Farm. L. A Tr. Co. 


1,000 
500 Ac. 
1,000 




5semi-an 
5g- 


M!"A"N. 




1929 
May 1, 1936 


1st mortgage, gold, $5,OOO,OOO o**r 
v. / .,nU A .Van Frantl*rn SR.Oom. Stock... 
lt preferred (took. 4 pet cent, non-cam 
2d pref. stock. 4 per cent, non-com., $16,000,000 


1,000 
100 

loo 

100 


N.Y., Matttand, C.A Co. 



























St. Louis & Cairo. (See Map Mobile <t Ohio.) Owns Cairo to East 
8t Louis and branch, 161 miles. Reorganized after foreclosure July, 
1881. Stock Is $6,5OO,OOO. Leased from Jan., 1886, till Jan. 1, 1931, to 
the Mobile A Ohio RR. rental of 25 per cent of 150-640ths of the gross 
revenue of Mobile A Ohio from Mobile to E. Cairo and branches, of St. 
I, A C. from Cairo to E. St. L. A branches, this rental being guaran- 
teed by the lessee to amount to $165,000 per year. Rental for year 
ending June 30, 1896, $196,750. In year 1894-95 gross, $858,307; net, 
(203.280; In 1893-94 gross, $840,561 ; net, $259,716. 

St. Lonls Cape Glrardean & Port Smith Ry. Owns from 
Cape Glrardeau, Mo., to Hunter, Mo. ,94 miles; leases branch to Zalma, 
9 miles; total operated, 103 miles. Successor In 1891 to CapeGirar- 
deau Southw. March 4, 1893, Louis Houek was appointed receiver. 
It is thought that the mortgages on the property will be foreclosed in 
1897 and the road reorganized and extended Into northwest Arkansas. 

SECURITIES. In May, 1896, $50,000 receiver's certificates were 
authorized (with the consent of $810,000 consols) for steel rails. Stock 
outstanding, 91,150,000; par $100. A general mortgage for $7,500,- 
OOO was authorized. There are also outstanding $150.000 7 per cent 
Incomes. Cape G. A 8. W. consul. 6s for about $850,000 are repre- 
sented by theConsol. Bondholders' Committee; depositary. U. 8. Mort- 
gage A Trust Co., New York. 

EARNINGS. For year ending Deo. 31, 1895, gross, $112,713; net. 
$3.943; rentals. et., $1,727. No interest paid. Year ending June 30, 
1895. gross, $99.187; net. $13,817; charges, $8,585; balance, surplus, 
$5,232. In 1893-4, gross, $122,735 ; net, $6,612. (V. 63, p. 407.) 

St. Lonls Chicago & St. Paul. ROAD Owns from Springfield, 
111., to Granite City. Ul., 103 mile*; branches to Bates, 3 miles, and to 
Grafton, 8 miles. Connects at East St. Louis with Terminal Ry. Asso- 
oiatlon for St. Louis, etc. Successor to the St. Louis Alton A Spring- 
Held sold In foreclosure July 9, 1892. In June, 1893, Charles E. 
Kimball and Joseph Dlckson ot St. Louis were appointed receivers. 
Sept.. 1893. coupon was not paid. Receivers' certificates for $400,000 
have been authorized, of which $396,273 issued to Sept. 1, 1896. On 
June 30, 1894, equipment trusts were $599,761. 

COMMITTEE. 11. A. V. Post. Thomas Carmichael and W. H. Male; 
depositary. Atlantic Trust Co., N. Y. A majority of the bonds has 
'been deposited. Foreclosure sale has been ordered. 

STOCK outstanding, $2,OOO,OOO par $100. BONDS The first mort- 
gage trustee is the Atlantic Trust Co. EARNINGS In year ending 
June 30, 1896, gross, $290,727; net, $34,975. In 1894-95, gross, 
$238,223; net, $51.684; charges, $97,805; bal., deficit. $46,121. (V. 55, 
p. 100 ; V. 56, p. 1016; V. 61, p. 728, 872; V. 63, p. 795, 1160.) 

SI. Lonls Indlanapoll* A- Eastern RR. Switz City, Ind., to 
Erflngnan, 111., 90 miles. Organized in 1890 as successor to the 
Indiana A Illinois Southern RR., sold in foreclosure, but the property 
Is still operated under the old name. 

Capital stock Issued is$740,9OO (par $100), of which $1,900 is com- 
mon; authorized $6.792,000 common and $4.528.000 of 5 p. o. pre- 
ferred. Mortgage trustee. Central Trust Co., New York, and Medrord 
B. Wilson, of Indianapolis. President, W. H. Alley, Sullivan, Ind. 

St. Loiilo Kan*aw A Southwestern Hit. Arkansas Citv to 
Anthony, Kan.. 69 miles. Leased to old St. L. A S. F., but was not In- 
-cluded In the reorganization of that road. Dwight Bramau is receiver, 
but It IB understood that road Is iiot operated. 

Capital stock is $1,190,800, of which St. L. A S. F. owns $993,500. 
V. 63, p. 1011. 

St. Lonls Peorla A- Northern Ry. Road runs from St. Louis, 
Mo., to Springfield, 111., 99 miles, of which 83 miles is owned and 14 

illes from (Heo Carbon to St. Louis is trackage over Chicago Pooria A 
StL.and St. Louis Merchant's Bridge Terminal Ry. Extension pro- 
poned through Peorla and Peklu to East Clinton, 111., 251 miles from 

HisTORr.-A consolidation July 1. 1896, of the St. Louis A Eastern, 

It. Louis A Peorla. North A South RR. of 111. railroads and the Madi- 

1 Co. audMt. Olive Co. The coal properties are said to have 

capacity of 6,000 tons per day. (V. 62, p. 86\ 591,643, 1042,1179) 

STOCK * 
4100. Fir 
*eserved 

I1!W),OOO MI iiiiua or acquire a line from Glen Carbon to Merchants' 
Ige, St, Louis; balance at $20,000 per mile, including equipment 
or each mile acquired north of Springfield, m. The mortgage covers 
iS vo ""I'.' ^'"Pjpent, about 4,500 acres of coal, etc., as stated 
In V. 62, p. 1 1 79, the Madison Coal Co. Joining in mortgage and 
tag Its projierty and Income. President. Win. E. Guy, St. louls, 

dc Eastern. Owns Switz City, Ind., to 



St. Louis Merchants' Hrldge Terminal. ORGANIZATION. 

Organized to construct a double-track railroad In the city of 
St. Louis, 'extending from near the Union Depot on 12th Street, via Main 
Street, Hall Street, Ac., to Ferry Street opposite the Merchants' Bridge, 
7 miles. It owns and controls the Madison 111. A St. L. Ry., connect- 
ing the town of Madison and East St. Louis, 8 miles; and leases the 
Venice A Carondelet Belt RR., which forms an outside belt round East 
St. Louis, 10 miles ; total, 25 miles. It leases the Merchants' Bridge, 
agreeing to pay the interest on the Bridge Go's $2,000,000 bonds. 

BONDS, ETC. The mortgage of 1890 Is for $3,500,000 to the St. 
Louis Trust Company, as trustee, and the bonds are guaranteed prin- 
cipal and interest by the Terminal RR. Association of St. Louis. Both 
Issues of bonds are subject to call after 20 years at 110 and Interest. 
Stock authorized, $3,500,000; issued to July 1, 1895. $2,939,500; par, 
$100; other indebtedness July 1, 1895, $1,260,298. In Nov., 1893, Ter- 
minal RR. Association of St. L. acquired control of this company and 
guaranteed by endorsement the principal and interest of its $3,500,000 
first mort. bonds and the interest on the $2,000,000 Merchants' Bridge 
first 6s. The properties will be operated jointly. 

EARNINGS. Report for year ending Deo. 31, 1895, was In V. 62, p. 
362, showing gross earnings, $602,475; net. $274,615; interest, etc., 
$426,043; balance, deficit, $151,428. In 1894, gross, $536,657; net, 
$210,135. tn 1893, gross, $450,454; net, $139,886. (V. 60, p. 1147; 
V. 62, p. 36Z.) 

St. Louis & San Francisco UH.fSte Map.) The system 
embraces : 




Trffl,i,,, , ., 

Ham, III., 90 miles. A reorganization of the Indiana A Illinois 
Southern foreclosed Jan. 6. 189O. Road is still operated under old 
~ ' 



<1 ' *6,79'-',000; preferred, $4,528.000; 

.i4. 1>rior llen m r&age for $300,000 is 

as prior to the first mortgage by agreement with the bond- 
*5 -", wa ? ls " Ile<1 for Improvements. Bills payable Juno 30 
6,37,775. In year ending June 30, 1895, gross, $76,497. In 
393-94, gross, $74,327; net, $1,180; In 1892-93, gross, $98,764. 



Lines owned Miles. 

St. Louis, Mo., to Paris. Tex. 584 
Monett, Mo., to Seneca, Mo . 45 
Pierc-eCity,Mo.,toWichita,K. 217 

Branches in Bolivar, etc 200 

Beaumont to Cale, Kan 62 



Total owned Jan., 1897. .1,108 I 



Line to be owned Mile*. 

St Louis Salem & Ark. RR.. 54 

Oper'dfor ncet. owners 
At. A Pc RR., Tent Div , 

Seneca.Mo .toSapulpa, I.T. 112 

Total system 1,274 



ORGANIZATION Organized June 30, 1893, to succeed to the property 
and t'r inu'iisex of tlie Railway company so d in fore -losure and reor- 
ganized oer plan ia V. 61, p. 829 and 114O see also p. 742. The new 
company elected not to assume the contracts of tuft ol I corporation 
relating to the Atlantic A Pacific nor to take the stock and leases of 
the St. Louis Salem A Arkansas St. Louis Kansas A Southwestern, 
Kans ,s Mi Hand an 1 Kansas (Sty A Southwestern. See V. *3. p. 30 ; 
V. 62, p. 137, 187. The St. Louis Salem A Arkansas bondholders, how- 
ever, accepted the terms offeret in the reorganization (V. 62, p. 1140), 
and nearly all of the K. C. A Southwestern bonds were acquired (per 
offer in V. 63, p. 661), and road purchased at foreclosure sale Deo. 19. 
1896. V. 63, p. 1160. 

STOCK AND VOTING TRUST. As protection to the new mortgage 
bonds, all classes of stock (except shares to qualify directors) are 
vested in the following voting trus e-s : John A Stewart, Louis Fitz- 
gerald, J. Kennedy Tod, Isaac N Seligman. Benjamin P. Cheney, Sam- 
uel <\ Eastman and Jame* A. Blair, t> be held by them and their 
successors jointly for fle years, and for such further period (if any) 
as shall elapse befo-e the first preferred stock shall have received a 4 
per cent cash dividend for two consecutive years, although the voting 
trustees may, ia their discretion, deliver the stock at any earlier date, 
hut not In any event prior to Jan. 1, 1902, save with the con<entof 
the holders of at least two-thirds in amount of the henefic al interest 
certificates of each class. Voting trust is dated July 1, 1896, 

No additional mortgage can be put upon the property, nor the 
amount of the first preferred stock authorized be increased except 
with the consent, in each Instance, of the holders of a majority of tbe 
whole amount of each class of preferred stock and of a majority of such 
part of the common stock as shall be represented at a meeting ; also 
the amount of second preferred stock can not be Increased except 
with like consent by the holders of a majority thereof, and a majority 
of such part of common stock as shall be represented at the meeting. 

The new company may reserve the right at any time to redeem 
either or both classes of its preferred stock at par in cash. 

BONDS The consolidated mortgage (trustees, Mercantile Trust Co., 
N. Y., and Paschal P. Carr, of St. Louis) for $50,000,000 (abstract in 
V. 64, p. 186,) is secured upon all properties and securities embraced 
in the reorganization and also all other property hereafter acquired by 
use of any of the new bonds. Enough new bonds at the rate of 
80 per cent (approximately $39,072,000) are reserved for the retire- 
ment of all outstanding undisturbed issues. The bonds not required 
for reorganization will be reserved for betterments, equipment, etc., 
to an extent of not exceeding $300,000 in any one year. No compul- 
sory redemption of the new bonds can be made prior to their matur- 
ity. Fixed charges of the new company, including branch lines to be 
acquired, will be about $2,050,000.- See V. 64, p. 182. 

GENERAL FINANCES. By reorganization the fixed chirges were re- 
duced from $2,531.674 to $1,994, 330. exclusive of the interest upon 
bonds which may hereaftr be issued to acquire $1,032,000 branch line 
bonds. The plan provided for the payment of all car trusts, and the 
new company starts with no debt other than the funded debt as stated 
above, and with ample provision for future improvements bv the re- 
servation of bonds for this purpose. 

EtRNiNOS. 5 months, > 1896 Gross, $2,685.286; net, $1,215,378 

July 1 to Nov. 30. $1895 Gross, 2,741,387; net, 1,158,839 



JA.NCAKT, ISfcT.J 



INYESTOKS' SUPPLEMENT. 



193 




INVESTORS' SUPPLEMENT. 



i voi. LXIV. 



Subscribers will confer ret favor by glvlne Immediate notice of any error discovered In these Tables. 


RAILROADS. 


lilies 
of 
Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. 


pal, When Due. 


ror explanation of column headings, Ac., see dotes 
on first page of tables. 


Kate per 
Cent. 


When 1 Where Payable, and by 
Payable! Whom. 


Stocks Last 
Dividend. 


Si. Lotii* it San Franrtfo (Concluded ) 
3d mort. (now 1st), A, gold ) (Pact Ho to Seneca.c 
do Series B, gold > Mo.,A hranclies, o' 
do Series C. gold > 294inlles. o' 
Mo. A W. 1)1%-. 1st M.,g.,$5,000yearly dr.at 105. .0* 
Bt L. & San F. col. trust gold, sink. M. not drawn . o 
Gen. M., g. (1st on 365 m.) $7,807,000 are 6s.o* 
Oollat. Tr.M. on br'ohes ($20,000 p.m.), gold., o* 
New Consol. mort., $50.OOO,OOO, gold, no option 


294 
294 
294 
82 

"55 
1,162 
145 


1876 
1876 
1876 
1879 

1--0 

1881 
1887 
1896 
1879 
1885 
1896 


$100Ac. 
500 Ao. 

Mill A-c. 
1,000 
1,000 
1,000 
1,000 
1,000 
1,000 

1,000 

100 
100 
100 

1,000 

500 Ac. 
various 
1,000 
1,000 
100 
100 
1,000 
1,000 
1,000 
1,000 
500 Ao 


$500,000 
2,766,500 
2,400,000 
1,040,000 
1,014,000 
20,100,000 
1,099,000 
6,388,000 
2,000,000 
335,000 
Oo.,'96,none 
16,500,000 
20,000,000 
20,000,000 
8,000,000 
359,092 
See text. 
2,600.000 
4,660,207 
4,792,801 
1,000,000 
2,000,000 
210,000 
500,000 
210,000 


6g. 
6g. 
6g. 
6 g. 
6 g 
5 A 6g. 
5 g. 
4 g. 
6g. 
6 g. 
5g- 


M. A N. 
M. A N. 
M. A N. 
F. A A. 
F. A A. 
J. * J. 
A. A O. 
J. A J. 
M. A 8. 
A. A O. 
M. A N. 


New York, Mercan. Tr. 
do do 
do do 
do do 
N. Y., United States Tr. 
N.Y., Mercantile Trust. 
N. Y., Union Trust Co. 
do do 
do do 
do do 
N. Y., U. S. Mort. & Tr. 


Nov. 1, 1906 
Nov. 1, 1906 
Nov. 1, 1908' 
Aug. 1, 1910 
Aug. 1, 1920 
July 1, 1931 
Oct. 1, 1987 
July 1, 1996 
Sept. 1, 1919 
Apr. 1. 1910 
1946 


Ft.8.AV.B.Bri(lgc.l8tM. > g.,dr.Btl05.Kuar.ii.Al.c 
01. Louis Siloam J 5o<Aern-lst M., $8,000,000, g. 
SI Louis South'cet'ern Common stock 


Preferred stock (5 per cent non-cumulative) 
Int mort. certificates, $16,5OOp. m., gold......c 
2d M. income cert., $10.000,000,non-cum.,gold.o* 


1,222 
1,222 


1890 
1890 
1891 
1867 
1868 


ft 

6*f 
...... 

See text. 
See text. 
5 
5 
6 
5 
7 


M. A N. 
J. A J. 
various 
J. A J. 
M. A N. 

M; A" s. 

F. A A. 
A. A O. 
J. A J. 
M. A S. 
J. A D. 


N. Y., Central Trust Co. 
When earned. 
N. Y., Central Trust Co. 
N. Y., Central Trust Co. 
do do 
N.Y., Of. ,32 Nassau St. 
do do 
do do 
do do 
do do 
do do 
do do 


Nov. 1. 1989 
Nov. 1, 1989 
To 1903 
See text. 
May 1, 1898 
July 5, 1887 
Sept. 1, 1896 
Aug. 1, 1931 
Got 1, 1917 
Jan. 1, 1914 
Sept. 1, 1916 
Deo. 1, 1900 


Ot. Louit Van. it Terre H. 1st M., guar. s.f. not dr.o* 
2dmort.. sink, fund.notdr'n ($1,600,000 guar.).o* 


158 
158 


Pref. 7 per cent stock and scrip subj. to call at pal 


i'67 
167 
21 
25 
12 


1881 

1887 
1884 
1886 
1870 




Tavlor-s K Falls A Lake Sup., 1st M. gu., s. f. notdr.c* 
Duluth Short L. IstM, guar.,p.Ai.,s.f. not dr'n.e* 





1895. 
$6,081,424 

$733,85 
498,362 

2,070,390 
239,495 

$2,539,291 
(58-25%) 
202,504 



ANNUAL REPORT. The following Is a statement of earnings for the 
fiscal years ending June 30, and does not include any interest charges; 
fixed charges will be: lnt,on undisturbed bonds, $1,771,390; new 4 
p. c Tbonds ($6,388,600), $255.544; rentals, $13,314; total, $2,040 248. 
i-8ee V. 64, p. 182, where general balance sheet of Sept. 30, 1896, Is 
also given. tg96 

Gross earnings (on 1,328 miles) $6,162,055 

Operating eipmses- 

Maintenance of road 'I" ';, 

Maintenance of equipment 

Transportation 

General expenses 

Net earnings $2,416,507 

Ratio of operating expenses to gross earns. (60-78%) 
Taxes 215,793 

Balance for charges $2,200,714 2,336,787 

OFFICERS D. B. Robinson, President; B. F. Yoakum, Vioe-President 
and General Manager; Frank H. Hamilton, Secretary and Treasurer; 
Gen. Horace Porter, Chairman of the board or directors. 

DIRECTORS J. Kennedy Tod. Isaac N. Seligman, J. A. Blair, E. C. 
Henderson, Horace Porter, Fred'k Strauss, of New York; BenJ. P. 
Cheney. Wm. T. Hart, of Boston ; Samuel C. Eastman, of Concord, N. 
H Charles S. Gleed, Topeka, Kan.; Geo. A. Madill, Richard C. 
Kerens and Daniel B. Robinson. St. Louis. (V. 63, p. 30, 117, 155, 229, 
270, 311 , 455, 601, 602, 661, 795, 707, 839, 970, 1160; V. 64, p. 85, 179, 
181, 186.) 

St. i.o n i. si i<>:i in & Southern RR. This company, of which 
Col H. D. Mackay of St. Louis Is President and chief promoter, In 
July, 1896, filed a mortgage to the United States Mort. & Trust Co. 
and Thos. Jefferson Portis, trustees, to secure $8,000,000 bonds, to be 
Issued for the construction of its road from Fort Smith, Ark., to St. 
Louis, Mo. The company was incorporated June 15, 1896. Auth- 
orized capital stock of $8,000,000, par $100. (V. 63, p. 30.) 

St. I.o ni Southwestern Ry. Road extends from Bird's Point, 
Mo., opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by 
the Texas road to Gatesville, 305 miles; total, main line. 723 miles; 
branches, Mt. Pleasant to Sherman, 110 miles; Tyler to LufWn (narrow, 
gauge), 88 miles; Corslcana to Hillsboro, Tex., 40 miles; Commerce to 
Fort Worth, 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles; 
Althelmer to Little Rook, Ark., 42 miles; Maiden, Mo., to Delta. 51 
miles ; other branches, 12 miles ; total, July, 1896, 1,223 miles. Of this 
total 13 miles are laid with 75-lb. steel; 1,064 miles with 56-lb. steel 
rails; remainder 35-lb. Has trackage rights from Delta to Cape Girar 
deau, 15 miles, over St. L. Cape G. A Fort 8. see V. 62, p. 591. 

ORGANIZATION. Reorganization per plan In V. 50, p. 141, 561 of St. 
Louis Arkansas A Texas, sold In foreclosure in October, 1890. Consists 
of three corporations the St. Louis Southwestern Railway Co., the St. 
Louis Southwestern Railway Co. of Texas and the Tvler Southeastern. 

Gray's Point Terminal Ry. was Incorporated in May, 1896, to build 
from Delta to Gray's Point, 15 miles, and will issue $500,000 bonds. 
V. 62, p. 988; V. 63, p. 30. 

BONDS. The first mortgage certificates are Issued against a like 
amount of first mortgage bonds secured upon the constituent lines al 
a rate not exceeding $16,500 per mile, and the second mortgage certifi- 
cates against second mortgage bonds at $8,250 per mile. 

The i a en mi's are entitled to such interest up to 4 per cent per annum 
as can be paid out of net earnings of the railways during the preceding 
fiscal year, after payment of operating expenses, repairs, renewals, re- 
placements, taxes. Insurance and Interest on prior liens. The issue of 
these certificates may be increased up to $10,000,000, subject to re- 
strictions In the mortgages. Up to October, 1896, no second mortgage 
Interest had been paid. 

July 1, 1896, total current liabilities, $1,126,587, including $312,415 
notes payable. There are some St. L. Ark. & Texas car trusts outetand 

X Current assets, $619,488, Including $289,274 materials and sup 
on hand ; there are also in treasury $140,000 (at par) St. Louis 
Southwestern firsts and other securities valued In all at $416,750. 

LATEST EARNINGS. For calendar year 1896, gross, $4,867,518, agst 
$5,056,184 in 1895. 

ANNUAL REPORT. Fiscal year ends June 30. Annual meeting is heli_ 
at St. Louis, Mo., on the first Tuesday in October. Report for 3 895-96 
was in V. 63, p. 648, showing earnings for the entire system as below 

Tear ending June 3O 1896. 1895. 1894. 1893. 

Miles operated 1,223 1,223 1,223 1,223 

Gross earnings $4,904,489 $5,217,175 $4,615,145 $5,116,08( 

Operating expenses... 4,132,375 3,977,221 3,873,778 4,281,833 



St. Louis Vandalla &, Terre Haute RR. (See Map PMsbJ 
Oitidn. Chic. <t St. ij East St. Louis to Indiana State line. 158 miles 
LEASE. Leased for 999 years from 1870 to Terre Haute A ludianap 
IR. at rental of 30 per cent of gross earnings profits and losses as 
isnert to lessees In proportion of five-sevenths to Pittsburg Cin. Chic- 
i St. L. and two-sevenths to Terre Haute A Indianapolis. V. 54, p. 846. 
CAPITAL STOCK. Stock, $2,379,358 common and $1,544,700 of 7 
er cent cumulative pref. ; par $100. The Terre Haute A Indian- 
polls owns $326,000 preferred and $460,600 common stock, the Penn- 
ylvania RR. $837,000 preferred and $225,000 2d mort. unguaranteed 
s. and the Pennsylvania Company, Deo., 1895, $1,348,000 common 
and $381,700 preferred. In 1891 and 1892 back dividends on preferred 
were paid for 1879 to 1884 ; for 1885, 7 p. c. in March. 1894 ; for 1886, 
No. 9) 7 p. c. In Feb., 1895; for 1887 (No. 10), 7 p. o. in Feb., 1896. 



Net earnings 

P. o. op. ex. to earns. . . 
Tot. net, Inel. other inc. 

Taxes 

Interest on bonds 

Rentals, etc 



$772,114 $1,239,954 
(84-26) (76-23) 

$782,192 $1,264,273 

128,552 117,729 

800,000 800,000 

31,490 40,354 



$741.367 
(83-94) 

$772,398 

113,826 

800,000 

56,340 



$834,247 
(83-69) 



, 
109,65( 

80o,00( 
40,11 



Balance df.$l77,850 sur.$306,190 df $197,768 df.46,38 

-<V. 62, p. 591,988; V. 63, p. 30, 501. 648.) 



Iti-iiliil. 

$484,197 

520,785 

494,736 



Coupons as they, mature. The firsts ($1,899,000) were likewise so en- 
dorsed and were purchased Jan. 1, 1897, at maturity by the Penn- 
ylvanla RR. Co. V. 63, p. 1011. See V. 56, p. 649. 

Liabilities for freight cars on Oct. 31, 1895, amounted to $80,889. 

ANNUAL REPORT. Fiscal year ends Oct. 31. Report for year 1894-5 
n V. 62, p. 273, showed earnings as follows : 
rr.end.Ocf.31. (trass. Oper'gexp'a. Net. 

L896... 

1895 $1,735,049 $1,463,068 $272,881 

1894 1,649,118 1,274,674 374,444 

From above rental deduct the following disbursements : 

Taxes. Interest. Car trusts, etc. Dividends. Balance. 

1896 $61,462 $314,930 $21,220 $108,129 def.$21, 544 

1895 ... .. 66,568 316,539 20,181 108,129 sur.9,368 

L894 62,455 322,908 15,220 108,129 def.13,976 

"Total surplus Oct. 31, 1895, $454,391. 

Loss to lessee In 1892-93, $28,472 ; loss In 1893-94, $120,292 ; loss 
n 1894-95, $247,902. (V. 62, p. 187, 273; V. 63, p. 924, 1011.) 

St. Paul & Duluth. Owns St. Paul, Minn., to Duluth, Minn., 155 
miles; branches, 29 miles; leases Stlllwater A St. Paul RR., 13 m.; 
Minneapolis A Duluth RR., 13 m.; Taylor's Falls A Lake Superior, 20 
m Duluth Short Line, Thomson to West Superior, 18 m. ; total, 248 
miles. Second track, 17 miles, July 1, 1896. Between Carlton and 
Duluth, 24 miles, road is owned jointly with the Nor. Pacific, but of this 
14 miles between Thomson and West End is but little used, the Duluth 
Short Line affording the St. P. & D. access to Duluth. Uses Minn. A 
3t. L. terminals at Minneapolis. 

HISTORY. Sold in foreclosure May 1, 1877, and reorganized. 

CAPITAL STOCK. From the earnings of the railroad the preferred 
stock has a prior right to 7 per cent yearly, then common to 6 per 
cent, any surplus going to retirement of preferred. The preferred 
stock Is also received m payment for lauds at par, and is entitled to 
receive from land sales any part of its 7 per cent dividend yearly for 
which railroad earnings do not suffice. The preferred Is subject to 
call at par for redemption with land sales, after drawing by lot, if not 

Surchasable below par in the open market, the sums applied to its re- 
omption and retirement being as folio ws : In 1891, $182,000; 1892, 
$226,000 ; 1893, $165,000. V. 57, p. 61. Three shares of common stock 
have one vote and each share of preferred has one vote. 

DIVIDENDS. > 1884. '85-'88. 1889. 1890. '91-'93. '94 to Sep.,'96. 
On pref. P.O. \ \3^a '7yr'ly. 5ij 6>a 7yr'ly. 5 yearly. 

On common In 1887 3 and 15 in common stock t And 7 n. o. in 
pref. stock. 

LANDS. The company has a land grant, of which 1,011,324 acres re- 
mained unsold June 30, 1896, and 57,958 acres of the Taylor's Falls 
branch grant. In year 1895-96 sales from company's grant were 
41,960 acres for $197,194, and gross cash receipts were $286,854 (of 
which $192,733 from stumpage); net Income, $242,483. 

LATEST EARNINGS. For calendar year 1896, gross, $1,534,572, agst. 
$1,568,534. 

ANNUAL REPORT. Fiscal year ends June 30. Annual meeting at St. 
Paul second Thursday in October. Report for 1895-96 In V. 63, p. 647- 
Fear ending June 30 1896. 1895. 1894. 

Gross earnings $1,587,863 $1,423,307 $1,513.393 

Operating expenses and taxes.... 1,280.524 1,060,915 1.104,351 

Net earnings $307,339 $362,392 $409,042 

Total net Income $385,439 $402,6fO $452,535 

Rentals paid... $130,819 $119,944 $140,796 

Interest on bonds 150,000 150,000 150,000 

bivldends :?...:::.. (6)239505 (6)289475 (6> 293,406 

MlsceUaneoua 53.523 68.003 16,766 

BalanoefromRR.operations..df.$188,408 df.$174,772 df.$148,433 
Rente, from stumpage and lands.. $242,483 $116,652 $114,856 
-(V. 61, p. 658 ; Vi 63, p. 647. 715.) 

St. Paul ic Northern Pacific Ry. Formally merged in the 
Northern Pacific RR. in November, 1896 see that company. 



1897. J 



RAILROAD STOCKS AMD BONDS 



subscriber* will .-oarer grrl favor by rlvlnj Immediate notice of anf error dl.rovered In theae Tables. 



RAILROAD*. 



> r explanation of column heading., Ac.. *ee note* 
on flirt page of table*. 



gt. Paul Vm. 4 J 



Great Xorthern- 



ft. Puui * So. PmeiHe 8KB No. PACiric RR. 

Jn AnJo*i* 4 .ira*nrnf Aim nuiok 
l*t M. for 921.600.000 g.. goar. p. A I. (end.) .c'Ar 
Eouipoient tnut note* Jan. 1, 1896 

4kMnvky 4 CWniv* Aor< Ltn*. 8KB COLCMBU* 

na-nnW/ty JfeiujfaU 4 ywr*-Re-organUed (took 



*fByorf*Pr<*e.-8toek 

.. nld (W.5OO.OOO.. . f. red. at 110. 'ear 
ittunJoan. F*/. Stk. *ub.. 92,5OO,OOO. . 
gage. 96.000,000. 



rm4 ffcnii-l*tM.. 929.00O p.m..f.e*r 

pan tor 9 15.0OO per mile 

Lmkf PI*M Stock 

130.0OO. gold, Int reduced to 5 p, e...c' 

HrA>artB*>- Stock. 

fane BrUft lat M.. g. . *.f..dr > n at 1 10 o 
Amtrimu 



A- '. Of I 

iFlor.l*tM*,endby 
k Florida 3d mortgage. 



8tateofOeorKta.c* 



M ... - 
Of 



Date 
of 



Road. Bond. 



lie 

110 



169 



198 
196 



10 



OBOBOIA A ALA BAMA. 



* We*t.. lit (eoMol) mort.. g.. 

A W. eoneoLM. (990.OOO.OO0l (old . .e- 

k * W. IrtNLBru*. to Albany, g. rn.e- 



,gu.8.F.AW 

bvrg. let mart. gnar.. end.. .... 

-8** CBBTBAL or OBOBOIA RAIL 



58 

58 

545 

-: 
171 



1893 



1889 

: - M 
LAM 
1893 



18*7 



Sixe, or 

Par 
Value. 



9100 
1,000 



HOCK is 
30 

1,000 

100 

UOOO 

100 



1,000 

"ibo 

1.000 

100 
1,000 

100 

500 Ac. 
1.000 
l.OOO 
1.000 
1.000 

500*8. 

1,000 
1.000 



Amount 



95.0OO.OOO 

18.886.000 

352,979 

' 1,060.390 
I 8 ..... > 
6.00O.OOO 

;..--.. ., 

See text. 

1 

600,000 

4.940.000 

3,964.000 

250,000 

1 -.o.OOO 

490,000 

900,000 

9,412.900 

1,780,000 

444.000 

900.000 

4.056.0XO 

6.900.000 



See text. 

7 

"i'g. 



8.<">o.000 

4.341.000 

300.000 



INTEREST OB DIVIDENDS 



Rate per 

, ... 



f. 



.1 



5 

9g. 
5 g- 



(!) 
(6) g. 



Hee text 



7 

7 

1 

6f. 

Sg. 



When 
Payable 



Feb. 1. 
J. A J. 

i" J. 



MOM N. Bk.. Band'kT. O. 
July,'9, pd. Dec. 10, '96 

N.Y..46Wail,AFr > nk > frt 



J. 



. . 

M. N. 



Where Payable, and by 
whom. 



N. Y., Cent Trust Co. 



X. Y. and San. Fran. 

PhUadelphla. Pa. 

See text 



Albany! N. Y. 

N. Y., Ontral Tr. Co. 

r.iv. United Nafl Bk. 

N. V.. Third Nat Bank. 

IT. Y.. OK, 13 W. 23d 81 
do do 

So t 
N. Y..H.R Plant A8a van 

do do 
N.Y.,12W.33d8tASav. 

None paid. 
New York City. 



Band* Prinol - 

pal, When Doe. 

Slofki Last 

Dividend. 



Jan. 1, 1943 



Feb. 1, 1896 
Jan. 1, 1909 



Jan. 1, 1919 



Jan. 1, 1924 
Sept 1, 1943 



May 1, 1913 

:tli..".7, 3I% 
July 1, 1937 

Jan.1,'96,2% 
July 1. 1897 
Jan. 15, 1899 
Spt, 6, 1899 
Apr. 1, 1934 
May 1. 1943 
Jan. 1, 1938 
Irredeemable. 
Jan. 1. 1945 
Jan. 1, 1934 



fromKei 

90 mile. 
fa::.-: k 



Inionlo * Area 

Honrton. 3O8 mile* 



Kerrvil)*to Hwutoa. 309 mile* t Kencdy toCorpocChrUtl. Tex., 
; Yoakum to Waco. 171 mile*; Sktdmora M Alto*. 43 mile* 
to Loekhart 94 m.; branch. 31 m.: total. 987 m . all 6O-lh.*toel. 
RirroBT. Reorganised without foreclosure aale In 1893, manage- 
ment pa*lDg to Bo. Pae., which own* 92.OOO.ooo ttoek. 




mil** at 
tort In V 
. nary. 1997. 

>T EABVOKM.-U 
Jan. 1 to N*v. 30. 
u KII..T tor 1990 



MMO.Oroaa, 91399.017; BM.9aOo.67O 
fli5 



..On**. 1,794.0691 act. 498! 132 
!n V. 93, PL 151, avlfcnwtnjr : OtVM. 

Jl.ii71.878: a*t, 9066.343: latorot, toaeaTeto., 9767.84O ; naaett. 

111.497. In 1894. groa*. 91 .946.791; actTMII.fal.-VTii. p. 191. 

\mu (til. -til'. A l.iilf Olfrr K). At -40 A:,' .'... I - 1 . I 

,19*6. Ihl* railway wa* *old r - 

y nanwadu.lt I* 

Ti* ran* m SB BMIBB m l*a1n. aad 

iw eoacunettoa. It I* aaM. will 
Terrell. San Antonio. Texa*.- 



jr.. f.,r 
aa 



. 
Antonio to 




nuked. Oeaaral MaBa<ar. 
. 99. p. 79. 11 16. 




aduiky * Col. hrt Llne.-Heo Ooum. HA 
ndu.k, n.n.nrld A ^rwark.-0wn* from 
116 mltoa. LaaMd to 




, and It 

he Bald. 9w V. 
19MTOa JaM 



Ing* of th* roan will be . 

wa* thought that la a few nwnth* th* 

i. A*labond***ep.8.BLman-BirT*f April. 
90.1*96.thB.AO. nWBafaiirT.SOOcfB.M. ANVato 

Drvii>Bin>a.-Fr*m 1881 to 19*4, 3 *.*.:_ 1900 to 1999, 9 p. a.; 1889 to 

1-'.C i-, : I ::, I-M. i--.i. :- 1 mfl U&m -.. i ,. . 

KABXIKM. Year coding Jon* 90. 1899. ja aaa. 99 ii,900 i al. 1U< 

*aal laaM only la part by lea***) 9WI3M j taxcc, etc.. paid by 
teaw. 924.474; baUao^loa* to UMM. 97B.793. In 1994 \ gro, 
714.171; net. 6 1 OS. 487. -V 63, p. 3O; 1OO8. 1011. 

ni..rd A i. Petervknr 
atonburg. 153 mil**: made toi 
Ball Railway, which wa* *oU at 
000.000 jpar. 91 Oa Fir. mortgage 
f which 4900.000 an roarutocdTp 



i^?"^ 

l9900^Ma( n.a. brad* 

ana Florida A We.torn; flnt gwaraatova omoa <ta* Jaly 1, ISwT 
Mortgage tractM. Penna. Co. tor la*. OB Live* A Urantlag Aaaultte*. 
VnUadalpala. PtBaHant. E. T. Btotactiary. Fhlla. 

TlMron. Cal.. to 
f March 



CO..N.Y. 

. (Mort- 

:- "-'i. 

iuiTi 

44^99 



* K 



g33S&$8}& 

'"flTM*. 

44.1 



oaiOaUlaw wtthl 



ant 110 
*4toJM90. 

I July 1 to DBB. 91 (6 

nan ' 

449^n *190^190 *1 19^74 

. RBTOBT.-Flacal r*ar *nn* Ja* 9O. R*pon tor 1 <W9-96 wa* 
5 r 63j>. 199. Ore**. 97*6.958 ; *t. 9333^V90 ; latonct and .Inking 

q&y&fPiJ* t isn>J l ?*s* -?- 'A J>5. - t ?. 






. 

0JoO: ba4BB*. rarplna, 93.030. In 1994-99, (Toa*, 
924.929.-( V. 50. p. 139 ; V. 61. p. 1 CO ; V. 63. p. 1 87;23O.) 




.i 



k" 96.000,000. par 910O.~of whh~93JOO.Oo6 
awl paid np la <M*ow. 1996. The mortnMn IB 
to th*M>rraatlle Tract Co.. N.Y., a* traite* tcTju.e 



J04.702 had beea 

t. 






-PrmMmt. OlM* Rprerkel* : Li 

rMldeot. A. H ParaoB; Secntory, Alexaoder Maokle, 
Cal.; CoanMl. K. F. Pmton. <V. 63. p. 369, Ills.) 



from A.h Fork OB 
Phoenix. ArUoaa, 198 mil**. 
481. Steak aatbortaed tor 94O.OOO 
990, entire, l**a*. Pint m*rtgage U 



> tor 915/MW p*r 



k Co. New York trMtoa; 

N. Y., tr 



Oaatral Trart Co., 



30-year eontract (from 1493) with the old Ateh.T. A 8. Fe provided for 
payment of an arbitrary 6 per cent of the groM earning, upon all 
bn*rnm lntonhang*d with 0. P. * P. Ry. to the tnutee of tne ttnt 
mortgage bond*, toward payment of Interest. Inton*t on certain num- 
b*n of the Into U paid at Mercantile Tru.t Co., N. Y. F. M. Murphy, 
Prea.. 64O Monadnook Block. Chleage. IU. (V. 58. p. 599; V. 60, p. 481.) 
saranar * Lake Plarld UK. Own. from Saranao Lake to 
Lake Placid. N. Y.. 1O mile*; operate* under ooatraet N. Y. Central'* 
Saranae branch. 54 mile*: total operated. 19-6 mil**. In January, 
1997. laaaad to Chal*augay RR. aad Chatcaugay On A Iron Co*. 
Jointly tor 17 year* rental 35 par cent of It* (TO*, receipt* and one- 
half act proflt from traattor halnaM at Lake PUold-at lea*t 
,97.200 to par interact oa bond*, which are reanoed from 6 to 5 per 



Chartered I* 1890; opened In July. 1893. Stock. 9290,000 (par. 
91001. Dlvld*ndof3p.e.wa*padlnNoT . 1893; In 1894. Deo. 2 p o.; 
la 1890, July (T). Mortgage tnutee I* Central Tru*t Co. of N. Y. For 
year eadlag June 30. 1895. (TOM. 934.346; net 917.144; intere.t, 
97.300; taxec. 91.794; dividend*. tS.OOo! (V. 64. p 1R2.) 

suli sir. n.rle Bfrtte*. Own Sault Sto. Marie Bridge, Includ- 
ing 6,1 Miala track. The Canadian Pacific. Duluth South. 
Hhore * AUantle and MlBBeapolU St Paul A aault St.-. Marie RR. oo*. 
agn* to par tor nae of bridge an amount equal to operating expenne*, 
nd iBtereoi and .Inking fund of debt Mortgage. 91.OOO.OOOi .Inking 
fund. 99.500 yearly. Stock, 91, OOO.OOO. PracUent Oalvln 8. Brice. 

Savannafc Amerlrn* ft v(i>ntconery. eV*e UBOBOIA A ALA. 

Anvannnh Plorlda * We.tern. Operate* from Savannah. 
to Tampa, Fla., with branch*, to Balnbridge and Albany, Oa.. 



-Thl* road belong, to "Plant lyctom." which 1* de 
.' that tttla, aad I* abowa on th* accompanying map. 
1.1909, th* South Florida wa. eouolldated with the Savannah 
la * Western la 1894-90 control of th* Florida Southern, 247 
mil**, formerly IB JackconrlUe Tampa A Key We*t lyitom. and of the 
8nnf*rd * St r*ter*burg. 152 mil**, wa* porohaMd. 

-Daring th* year 199994 the nook outstanding wa* 
from 96.793.900 to 99.412.9OO. 



BOWM. Tk* Bavaaaah Florida * Waitorn flr*t oonaol* of 18H4 are 
ant lien on 201 mile* aad a Moond on 344 additional. The oonw.ll- 
dated mortgage executed In May, 1893, cover* all road, equip- 
ment, etc., now owned or hereafter acquired with the proceed* of It. 
honda; tnm* UiBltod to 990.OOO Mr mUcTWntatoat OMaoU an rwerred 
to retire all prior lien* aad tor future betterment* aad extension*. 

Florida Snatnarn nnt mortgage U tor 9-VOOO.OOO; Intere-t at 3t 
POT cent until Jan. 1. 19OO. txf 4 per cent teeraafter. Bond* are en- 



Sor^d with the Haranaah Florida * Watton marantee of prlnolpal 
aadlBtorwt V. 62, p. 683. See Florida So. Matoment (V. 61,p. 661.) 
UCABAirmu. la addition to Brun.wlek * W extern boad* above, thlt 
y Knarantee* certain bond* of th* Alabama Midland and Silver 
Ooala * Oolf-eea too** eompanl**. 
IMTIDBKM.-) t*. -94. -85. *86. '87. '89. to. -91. '93. TM. '96. 96. 
Percent (740 3>t 3402 34 643 
LATBBT EABIDKM.-IO mo*. < 1896 .O row, 92.822.5Q-4; net. 97O9.274 
Jan. 1 to Oet 31. )1899..Orow, 8,796,248; net, 825.693 

- 1. lUroKT. Flacal year end. Jane SO. Earning* have been 
a* follow*: 

Tear t*4l*ff Jum 3Q- 1895. 1994. 1*93. 

Ore** earnimr. ............. 93,560,457 93.79H.771 93,089,399 

Othertoeome ............... 1,109 i ,.-. 19,603 

NetreeetpU ................ 1,070,668 1 _ - r.; 1,130,403 

rMt.tBMa.eto. ........ H81.849 - i .-. 983.896 

188,819 443,894 946.546 



lBtorMt.tBMa.eto. 
Bnrplu* for dividend* 



From *arnln* of year endlnc June 3. 1892, dividend (3>* per cent) 
9337,786, WB* paid In January, 1893: from year 1802-93. (6 per oent) 
9064,774; from 1893-94 (4 p. c.i. $378.510; from 1894-95. 2 p. o. wa* 



,786, WB* paid I 
74; from 189- . c.. 

(V. 62, p. 983: V. 0.1. p. 153.) 

ICE CRKTBAI. or OBOBOIA Rr. 



n van M ah 



W<-t-rn. 




The flnt mort bond* are guaranteed. 
9*nn*ard A Koanoke RR. Own* Portamouth. V*,, to Weldon 
~ , N. C.. 81 mile* ; lea*** Roanoke A Tar River RR. 33 mile*. 



AJao ha* a controlling Interact In the RaMgh A (Ja*tn Railroad. 1O8 
mil**, and thu* In the Raleigh A Augnta Air Line. 107 mile*, and Caro- 
ttaa OantraL 309 mile*; al*o control* PltUboro Railroad. 12 mile*; 
"Durham A Northern RR., 42 mile*: Loun*bury RR.. 10 mile*: and the 

eorgla Carolina A Northern, 906 mile* (completed In April, 1892), 

lording a through line to Atlanta; total of all. 028 mllrw. Thl* I* 

i* " Beabo.nl Air Line" yt*m. 

Oormou In October. tS96, option to pnrrlm-n a controlling Inter- 
act la the itoak at par or over wa* obtained by Me*r*. Thomac and 
Ryan, raprecentlag a New York nyndlcate, hat the (took we* not de- 
- * TeilToS.p. 924. 



15*B 



INVESTORS' SUPPLEMENT. 



[VOL. LXIV. 



Nub*rlt>r> w eonror a *reat fayor by lvliiir Immediate notice of any error dlcovered In these tablei. 


RAILKOA1W. 


Ulles 
of 
Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS. ! 


pal, When Dne. 
Stocks Last 
Dividend. 


For explanation of column headings, Ac., see notes 
on tint page of table*. 


Rate per 
Cent. 


When 
Payable 


Vhere Payable, and by 
Whom. 


SeJuneelttdy <t Duattetb.-ltt.moTt., Interest guar.. 
8c*u*kM <t itA.0*-lBtm..gur. by P. A R.SR . 


14 
44 


1874 
1872 


flOOAo. 
1.000 


$500,000 
600,000 
50,<KX) 
600,000 
1,388,400 
2,500,000 
690,000 
316,333 
5,558,000 
In trust. 
In trust. 
1,000,000 
1,000,000 
869,450 
2,000,000 
464,050 
164,000 
500,000 
1,120,000 
425,000 
1,920,000 
2,340,000 
225,000 
1,850,000 
5,250,000 
216,000 
(1) 
(> 


6 
V* 


M. A 8. 

M. A N. 


N. Y., 21 Cortlandt St. 
Phila.,Phil. A Read.RR. 


Sept. 1, 1924 
Nov. 1, 1902 


Seaboard Air Linf Kelt Railroad Stock j 




1893 

1886 

insr, 

IH'.KM! 

18fe6 
1896 

IXMi 

inl! 
1890 

1871 

1889 

1882 
1888 
1888 
1890 
1891 
1H87 
1887 
1894 
1893 
i!r> 
1893 


1,000 
100 
1,000 
100 Ac. 
1,000 
1,000 


See text 
5 
6 
5 

e. 

4 g. 

t g " 
6g. 
6 per an. 
7 g. 
6 per an. 
4>a g. 
6 
4(6) 

M 

i e - 

6 
5 g. 
3-4-5 


A. A 0. 

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

F.'A'A. 
M! 'AN. 

J. A J. 
F. A A. 
J. A J. 
M. A 8. 
J. A D. 
F. A A. 
J. A J. 
A. A O. 
J. A J. 
A. A O. 
J. A J. 
J. A J. 
M. A N. 
A. A O 


Baltimore and Atlanta. 
Bait, Farm. A Plant.Bk. 
N. Y., Baltimore A Phlla. 
Portsmouth, Va. 
Balt.Merc.Tr.A Dep.Co 


Apr. 1, 192S 
See text. ' 
July 1, 1926 
Aft. July,191 
Part yearly. 
Aug. 1. 1931 
1926 
1926 
May 1, 191* 
July 1, 1925- 
Feb., '97, 3% 
July 1, 1901 
Sept., 1896 
June 1, 1919 
Aug. 1, 1912 
July 1, 1918 
Oct. 1, 1908 
Jan. 1, 1920 
Oct. 1, 1921 
July 1, 1917 
July 1, 1917 
May 1, 191 
Apr. 1, 1925 


*otoard.**SiFioAr^8t'k ($244,200 'is'pf. gu. 7p.o.) 

lat nmrtirujrn fnr *2 "MM) OOO . ..OAr 


81 
81 




Sea. Air Una Kqu't Tr. ner. A, B A O (>s each).. . .0' 
Staillf Lake S. A Satt. Reorg. certs, for let M..c' 
Seattle A Intorn'l 1st roort, $4,450,000, gold. . . 
Spokane * Seattle 1st mort, $1,112,000, gold.. .. 
SluimoKtii Sttiibtiry it Leicuburffl*t mort o*4r 


178 
47 
31 
31 
30 
30 
16 
16 
1> 
74 
17 
96 
130 


See text 
See text. 
Phlla., Phil. & Read.RR. 
do do 
Phlla., Broad St. Stat'n 
do do 
Sharon, Pa. 
N. Y., Farm. L. A Tr. Co. 




1,000 
1,000 
50 
500 Ac. 
50 
1,000 
1,000 
1,OOO 
1,000 
1,000 
1,000 


Mamokin Vol. 4 PoUtvUle Stock, guar. by Nor. C. 




Ut mortiMk'f, tfoUl. l 


fiAort Route Ry. Transfer Co.-lst mortage....... 
JWw 8p. Ocala d Ou/jr-lBt.l.Kr.^lS.OOOp.in.Jg.o* 


N. Y., 12 West 23d St. 
Denver, Co.'s office. 
In default. 
Oot.,'92, coup, last paid. 
Boston A Oakland, Me. 
In default. 
N. Y., Office, 15 Broad. 




AVxu Oil' O'lf. <* Wai. 1st M. ($18,000 p. m.) g.o* 


Am/A Attn/ir <t Ohio 1st mortgage 
Am/A CaroKna < Oa. -1st M. $5,250,000, gold . . . o- 


70 
245 
37 


i.obo 

1,000 


Am/A Jry-Receiver'8 certs., (auth. $100,000) .. 
Mort. bonds, $12,500 p.m., g c**r 






500 


5g. 


A. A O 




Oct. 1, 1923 





STOCK. Total authorized, $1,500,000; outstanding, $1,144,200 com- 
mon, $200,000 Istpref. 7 p. o. guaranteed and $44,200 Is 2d pref. guar- 

DIVIDBNDS. On common from Nov., 1890, to May, 1892, 7 p. o. per 
annum; In Nov., 1892, 3; In 1893, May, 2 p. o.; none since. 

BONDS. The debentures are to be Included In any 2d mortgage Issued. 
After Aug. 1, 1916, they are payable at will as a whole, or in lOpercent 
Instalment*. With Raleigh A Oaston guarantees bonds of Georgia Caro- 
lina A Northern (which see) and Issued car trusts for $250,000. The 
equipment Joint bonds of 1896, authorized $250,000, are the joint and 
several obligations of the Seaboard & Roanoke RR., the Raleigh & 
Gaston RR., and the Raleigh & Augusta Air Line RR. Current liabili- 
ties June 30, 18M6, $112,768; cash, $233,753; bills receivable, $670,- 
953; due from solvent companies and individuals, etc., $227,629 (V. 
62, p. 684.) 

LATEST EARNINGS. 

3 months, July lto< 1896 Gross, $873,204; net, $217,599 

Sept.30,884 miles $1895 Gross, 720,754; net, 134,161 

ANNUAL REPORT. Fiscal year ends June 30. Statement for 1895-96 
was given in V. 63, p. 501, showing on road proper, 114 miles, the gross 
in 1895-96, including $90,202 other Income (interest on bonds, etc.): 
Yean. Gross. N't. Charges. Pref.div. Balance. 

l.-'.if>-<i ...$927,989 $359,955 $326,472 $17,094 sur. $16,389 

l*!i.l-r> 870,590 343,533 371,455 17,094 def. 45,016 

(V. 63, p. 270, 407, 459, 5O1, 516, 652, 715, 795, 839, 924 ; V. 64, 
p. 182.) 

Seattle Lake Snore <k Eastern. Seattle <t International RR. 
owns from Seattle northerly to Suinas, Wash., 125 miles, connecting 
there with the Canadian Pacific RR. aud fro n Woodinville easterly to 
Sallal Prairie 39; branches 14 miles; total, 178 miles. The Spokane <t 
Seattle Ry. owns from Spokane to Davenport, 47 miles. 

ORGANIZATION. The Seattle A International and Spokane A Seattle 
were formed In 1896. The Seattle Lake Shore & Eastern (formerly con- 
trolled by Northern Pacific) was sold In foreclosure May 16, 1896, aud 
Its property deeded to the companies above named. The securities of 
the new companies (la the aggregate $3,000,000 stock aud $5,562,000 
bonds) will be held for flve years in trust by H. O. Armour, H. W. 
Sage and A. M. White, who will nominate directors and may sell, lease 
or consolidate the roads subject to continuation by 60 per cent of the 
certificates representing the old Seattle Lake Shore & Eastern bonds. 
During tuu-e five years said certificates will receive such Interest as 
shall in the estimation of the directors have been earned on the 
bonds deposited in trust, unearned coupons to be canceled. 

At the expiration of five years, unless holders of 60 per cent of the 
certificates shall in the meantime have authorized a deal with some 
other company, said certificate holders will receive in exchange for 
their certificate* 20 per cent of the face value of the same in the 
above bonds of the Spokane & Seattle and 10 per cent In its stock, and 
80 per cent in the bonds and 40 per cent In the stock of the Seattle & 
International. See further particulars V. 62, p. 415, 643 ; V. 63, p. 76. 

EARNINGS. For year ending June 30, 1895, gross, $277,726; net 
45,974; other income, $20.153; miscellaneous expenses, $23,034; in 
terest charges (not paid), $340,500; bal., def., $297,407. (V. 3, p. 76- 
117, 155, 178, 189.) 

MiitinoUlii Miiiiinry lc Lewlsburg. Une from Shamokln to 
West Milton, Pa., with Iron bridge over Susquehanna, 31 miles. Leasec 
to Philadelphia A Reading till July 20, 2883, at 6 per cent on the stock 
and used for coal traffic northward. StooK, $2,000,000 (par, $50) o 
which $1,995,850 Is owned by the Reading Company. (V. 51, p. 21.) 

Shamokln Valley & PottsvlUe. (See Map Pa. RR.) Sunbury 
Pa., to tit. Carmel, Pa., and branch, 30 miles. Leased Feb. 27, 1863, fo 
999 years to the Northern Central Railway Co., with a guarantee o 
taxes. Interest on the bonds and 6 per cent ou the stock 
of which $619,400 is owned by the Northern Central. Pennsrl 
vanla RR. owns $530,000 7 per cents, and $275,000 additional we'n 
held January 1, 1896, to cover the depreciation of coal lands. 

Sharon. Owns from Sharon, Pa., to Pymatunlng, Pa., with 
branches, 16 miles In all. Leased till April 30, 1982, to New Yorl 
Pennsylvania A Ohio (now Nypauo RR) at rental of $36,586 per annum 
which pays Interest on bonds aud 6 per cent on stock. In 1895 stoe 
for $10,70O was Issued to lessee for Improvements. 

silver Spring* Ocala & Gulf. Owns from Ooala to Inverness 
with branch from Gulf Junction (near Dunuellou) to Homosassa, 7 
miles. In January, 1893, a controlling interest In stock was acquired b 
the Plant Investment Company [see Savannah Florida A Western], an 
Interest on the $1,120,000 bonds outstanding reduced from 6 to 4 pe 
cent, guaranteed by endorsement. Stock, $1,500,000, par $100. Th 
first mortgage Is limited to $3,000,000, but no more than the amoun 
outstanding ($1,120,000) onn be Issued on present mileage. There Is 
land grant of 13.840 acres per mile, of which the mortgage cover 
4,000 acres per mile. 

EARNINGS. 1O months, J 1896 Gross, $161,529; net, $86,15 

Jan. 1 to Oct. 31. (1895 Uross. 151,151; net, 51,17 

Year ending June 30, 1896, gross, $183,900; net, $90,500: other in 
come. $1,009; charges. $52,981: balance, surplus. $38,588. 1 
1894-5, gross, $171,250; net, #45,559; other income, $1,604; charge 
952,422; balance, deficit, $5,259. 



Sllverton. Owns from Silverton, Col., to Ironton, 22 miles, o 
which 4 miles built with surplus earnings. Stock authorized and out 
landing, $350,000 ; par, $100. EARNINGS. Year ending Dec. 31, 1895^ 
ross, $77,140; net, $40,996; interest, $25,500; balance, surplus, $15, 
96; 1894, gross, $53,597. In 1893 gross were $68,397; net, $25,712 
n 1892, gross, $105,058 ; net, $50,036. 

Sioux City & Northern. Owns road, completed In Febru- 
ry, 1890, from Sioux City northerly to Garretson, So. Dak., 96 miles, 
he mortgage trustee is Manhattan Trust Co., N. Y. Stock authorized. 
10,000,000; outstanding, $1,440,000. Judge Warwick Hough and 
r. S. J. Beals were appointed receivers in Oct., 1893. V. 57, p. 596, 
etitlon for sale of road filed in July, 1894, by mortgage trustee ; uu- 
aid coupons, etc., July 1, 1895, $253,123. 

REPORT. For year ending June 30, 1896, gross. $265,194; net. $87-. 
72. In 1894-5, gross, $160,876: net, $10,447; charges, $111,171. In 
893-94, gross, $285,880; net, 117,957. (V. 59, p. 117, 651; V. 60, p. 
31, 1060; V. 61, p. 1014.) 

Sioux City O'Nelll &. Weatr - .Owns Covington, opposite Sioux 
Jity, to O'Neill, Nebraska, 129 miles. Capital stock is $3,600,000. 
Mortgage Trustee is Manhattan Trust Co. of New York. F. C. Hills- 
ppointed receiver Nov. 1, 1893. In Jan., 1895, foreclosure sale was 
rdered. For year ending June 30, 1896, gross.$l52,073; deficit under 
perating expenses aud taxes, $288. Crops In this section were a 
otal failure in 1891, and for year ending June 30, 1895, earnings 
rere, gross, $87,514; deficit under operating and taxes, $32,291. (V. 
9, p. 1059.) 

Somerset Ry. Owns road from Oakland to Blughaiu, Me., and 
ranch, 42 miles. Road opened in 1890. Capital stock is $736,- 
49 (par, $100). Loans and bills payable June 30, 1896, $57,187. 
JARNINGI*. Year ending June 30, 1896, <ross. $84,281; net, $19,116; 
nterest charges, $14,597; balance, surplus, $4,519. In 1894-95 gross, 
$75,372; net, $23,713.- V. 63, p. 556. 

South Atlantic & Ohio. Owns from Bristol, Teun., to Bigstone 
Gap, Va.,7O miles. In 1892 John C. Haskell and D. H. Conklin were 
appointed receivers. In June, 1896, foreclosure sale was ordered. 
Stock Is$l,lOO,OOO; par, $100. 'n Julv 1, 1894, car trusts $107,260 ; 
oupons due and unpaid, $659,000. Year ending June 30, 1896, 
gross, $89,701; net, $3,358; charges, $128,895; balance, deficit, $125,- 
537. In 1894-5, gross, $88,362; deficit under operating, $3,190. In 
1893-94, gross, $102,482; net, $16,730. V. 62. p. 1042. 

South Bound. SEE FLORIDA CENTRAL A PENINSULAR. 
South Carolina & Georgia RR. ROAD. Owns road from 
Charleston, S. C., to Augusta, Ga., with branches, as follows : 



Lines Owned Miles. 
,Jha']eston,S.C.,toAugu8ta,Ga.l38 
Branch to Columbia, S.C 67 



Lines Owned Miles- 
Branch to Camden, S. C 37 

do to Ten Mile 'Hill... 3| Total owned 245 

Of the lines owned, 213 miles is 56-lb. steel and 32 miles 70 Ib. 

HISTORY, ETC. A reorganization In May, 1894, of the old South Car- 
olina RR. per plan given in V. 58, p. 867. The "Atlantic Coast Line" 
reaches Augusta from Denmark, 57 miles, over this line. 

STOCK AND BONDS. Capital stock $5,000,000. First mortgage 
trustee is the Central Trust Co., N. Y. In Deo., 1896, there were $98,- 
000 of oar trusts outstanding. 

ANNUAL REPORT. Fiscal year ends June 30. The report for 1895-6 
was given In V. 63 p. 965, aud includes operations oi the Carolina 
Cumberland Gap A Chicago, 24 miles, until March 31, 1896. 

12 months Gross. Net. Int. A taxes. Bal., surp. 

1895-96 .. ...$1,077,146 $359,691 $321,295 $38,398 

1894-95 1,094,385 365.475 315,349 50,126 

1893-94 1,235,327 232,421 

Officers President Charles Parsons, 15 Broad Street, Xew York. 
(V. 60, p. 302, 749; V. 61, p. 747; V. 62, p. 274, joj; V. 63, p. 965.> 

South Haven &, Eastern RR. Lawton to South Haven, Mich., 
37 miles. Stock, $218,500. In 1895, gross, $19,642; net, $3,736. 

South Jersey. See SUPPLEMENT of July, 1894. 

South & North Alabama. (See Map of Louisville <* Nashville.) 
Owns from Decatur, Ala., to Montgomery, Ala., and branch, 189 mile* 
Controlled by the Louisville A Nashville RR. Co., which owns most ol 
the stock [$3,481,400 of which $2.000,000 pref erred] and guarantees 
the first and oonsol. mortgage bonds. On June 30, 1894, loans and 
bills payable amounted to $1,257,454, and there was due Louisville A 
Nashville $154,278. In year ending June 30, 1894, gross earnings were 
$1,818,391; net, $485,570; deficit under interest, taxes, eo., $203,804. 
In 1892-93 gross, $2,147.566; net, $401.801. (V. 56, p. 1015.) 

Southern Central (N. Y). SEE LEHIGH VALLEY. 

Southern Pacific Company. (See Map.) ROAD. This com 
pany owns no track in fee, but principally through ownership of stock 
and partly by lease It operates a great system of roads extending from 
San Francisco to New Orleans (thence by company's steamers to >Vw 
York, etc.), to Portland, Oregon, and to Ogden, Utah, with branches. 
It largely controls the business of central and northern California. I 
system comprises the following lines, fully described under their own 
titles. 



JAM KKY, 187. 1 



RAILROAD STOCKS AND BONDS. 



137 




1*8 



INVESTORS' SUPPLEMENT. 



[YOL. LXIV, 



MI !< ri i..-r will roofer grrmt tmvor by giving immediate notice of any error ooovered In thee Table*. 



RAILROADS. 



For explanation ot column heading*, Ac., Me notes 
on Ont page of table*. 



I*, m no. A laoama lstM.,s.f.not dr'n; guar.byL.AN. 
Sdmort. cold, . f. 2,000,OOO (owned by L. A N.) 
Consol. mortgage (for $10,000,000). gold, guar.c' 
,../* I*at. Coo-lstM.,g.,gii. (s. f. begins 1912)c 
toulhrrn Cent. SEE LKIIIOH A NEW YORK RR. 
tout*rr Parinc COJfJMtf r-Stock($l!H>.OOO,OOO> 5,931 

Steamship 1st mort. bonds, Ber. A, $3,000,000 

MA.Pae.oMriKma-lstM,ser. A. gold.guar.. CAT ' 

do do Series B, gold, guar oAr 

tottlkern Potiflc f OoJ.>-8tock. 90,000,000 auth. 
. f 1st M.,serles A, gold i land grant.. c*" 

..n. j8erleB.old I slnk'gfund.o' 

\ Series CAD, gold., f not subject, o' 
ecurea [serie* E A F, old..J tocaU....o* 
8. PM. Br. lit M., g., t.f . , MO.OOO In 1897, not dr'n 

Bo. Pao. gen. mort. (38.000,000), gold o**r 

Stockton A Copper. IstM., g. (guar.byC.P.) 

Ooniiol. mort.. gold, $89.293.500 s f . not drn o'r* 
Itvlkern Pacific of AVw Mexico 1st M., gold. . .o*r 
Southern HailtrayCom. stock, $125,000,000 
Preferred, 5 per cent, non-onmu., $60,000,000 
A. PROPERTIES MERGED INTO SOUTHKRN RAI 

Atlantic Tennessee A Ohio 1st mortgage 

Charlotte Col. AAug. lstmoit.,ext.Tnl895; text 

2d mortgage ... 

Col. A Qreenv. 1st m. (6 p. o. after Jtn.,'98), g..c 

Ga. Pacific 1st mort., 6 p. o. after Jan. '98 c* 

Equipment mortgage, gold. s. f., subj. to oall.c* 

Equip, notes Dec.. 1896 (payable monthly) 

Richmond * Danville rons. mortgage, gold c 

Debenture mort., old 6s (uo longer Incomes) . . . 
Equlpm't Trust bonds, gold, s.f.,subj. to oall..o* 
Equip, notes Dec.. 1896 (payable monthly) 



Mil.- 

of 
Road. 



1-'.' 
l-.i 



104 



392 

li'.l'J 



1,042 

93 

,587 
45 

i"67 



44 
191 
191 
164 

r.tili 



Dute 
Of 

r. i- 



1873 



i SM; 

1HS7 



1891 

IHT'.I 
1HSO 



(.1882 
1887 



1S75 
1893 

1HH1 



00. 

IHS:I 

ISIJi) 
1S72 
1HS1 
1 HS2 
IX*!) 



1S74 
1HH2 
1HX9 



Size, or 
Par 

Value. 



*2OO 

91,000 

1,000 
1,000 

100 



1,000 
1,000 
100 
-.00 AH.. 

1875 5OO Ac. 

1876 500 Ac. 
-.00 Ac. 

1,000 
1.000 

r .OO A-r. 

-.(HI *i-. 
1,000 



i ,000 
1,000 

1 ,000 
1,000 



1,000 
1,000 
1,000 



Amount 
Outstanding 



lNT*.Ri-.BT OR DIVIDENDS. 



Rule per .VneL Where Payable, and by 
' fan, PayaWe Whom. 



*774,800 

$1,000,000 

3,058,000 

S.500,000 

120,934,170 

2,787,000 

li.000,1100 

4,000,000 

70,006,100 
30.677,500 

3,578,000 
652.OOO 

r.oo.ooo 

18,402,000 

4,180,000 

120,000,000 

54,300,000 

150,000 
1,997,500 

500.000 
2,000,000 
5.660.0OO 

613,000 

51,974 

5,997,000 

3,368.000 

979.OOO 

129.032 



6g. 
6g. 
5g. 



6 

6g. 
6g. 

"eg- 

fg. 

(; g. 

6 g. 
6g. 
6g- 
5 g. 
5 g. 
6g. 



6 

i* 

5 to 6 

to6g. 

5 g- 

I 8 ' 

OK. 



M. A N. London, Baring Co.. L'd 
A. A O.IN. Y. Of..l20Broadw'y 
F. A A. N. Y., Oflice, 120 B'way. 
J. A J. N.Y., 8. Pac., 23 Br'd St. 



J. A J. 
J. A J. 
J. A J. 

A. A'b. 
A. A O. 
A. A O. 
A. A O. 
A. A O. 
A. A O. 
J. A J. 
M. A N. 
J. A J. 



A. A O. 
J. A J. 
A. A O. 
J. A J. 
J. A J. 
F. & A. 

Nov. 
J. A J. 
A. A O. 
M. A 8. 



N. Y., 23 Broad St. 

N.Y., 8. Pac., 23 Br'd St. 

do do 



N.Y., 8. Pac., 23 Br'd St. 
do do 

do do 

do do 

do do 

do do 

do do 

do do 

New York, 23 Broad St. 



N. Y., J.P. Morgan & Co, 



.1.1 
do 
do 
do 
do 
do 
do 
do 
do 
do 



do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



Bonds Prinol 

pal, When Due. 

Slocks Last 

Dividend. 



May 1, 1903 

Apr. 1, 191O 

Aug. 1, 1936 

July 1, 1937 



Jan. 1, 1911 

Men., 1909 

Mch. 1, 1910 



1905 
1985 
1906 
1912 
1937 
1938 
1905 
1937 
1911 



Apr. 1, 

Oct. 1, 

Oct. 1, 

Apr. 1, 

Apr. 1, 

Oct. 1, 

Jan. 1, 

Nov. 1, 

Jan. 1, 



Jan.4,'97,1% 

Apr., 1913 
July 1, 1909 
Oct. 1, 1910 
Jan. 1, 1916 
Jan. 1, 1922 
Various. 

Monthly to '98 
Jan. 1, 1915 
Apr. 1, 1927 
Sept. 1, 19O9 

Monthly to 08 



Southern Factor Company. (Continued.) 



PACIFIC SYSTEM. 

Proprietary line* Mile*. 

Southern Pacific of Cal 1,676 

(Of which 7 miles leased.) 

Southern Pacific of Arl 392 

Southern Pac. of New Mex... 167 

Smith Pacific Coast. 101 

Northern Ky. of Cal 390 

Northern California RyJ 54 

Leased (mo- 
Central Pacific 1,360 

Oregon A California 654 

California Pacific 115 



Total Paeifle system 4,911 



ATLANTIC SYSTEM. 

Proprietary lilies Miles. 
Mo rgau's Louis. & Texas 283 

(Of which 24 miles leased.) 

Louisiana Western 147 

Iberia* Vermillion 16 

Texas & New Orleans 207 

Houston A Tex. Cent, etc... 623 

Oal. Harris. & San Ant 

Gulf West, Texas & Pacific.. 

New York Texas & Mex 

Texas Transportation Co 



937 

111 

91 

8 



Total A llantie system 2,423 

Grand total Jan. 1, 1896. .7, 334 
Steamship, etc., lines 4,905 



AFFILIATKD BUT OPERATED INDEPENDENTLY. 

Lines on which the Southern Pacific Co. guarantees interest and 
principal of the bonds, but which are operated independently. 
Houston & Texas Central 453 I San Antonio & Arausas Pass. 689 
Central Texas A North west. 12 I Austin & N. W 103 

ORGANIZATION .Organized under laws of Kentucky, Its system being 
known as the " Huntiugton " lines, Mr. C. P. Huntington l>elng Presi- 
dent. The control is vented in the Pacific Improvement Company, a 
corporation with $5,000.000 of capital stock, of which In 1892 the 
Crocker estate held $1,249.800, and C. P. Huntlngton, Leland Stanford 
and Butler. Stlllinan & Hubbard each $1,249,900; other, $500. 

PROPRIETARY LINES. These, with a total mortgage Indebtedness Jan. 
1,1895, of $120,005,2 16, are all practically owned only $1,023,109 out 
of their total stock of $167,479,259 not being held on Jan. I, 1895, by 
the Southern Pacific Co. " OMNIHUS LEASE." Five of the proprietary 
lines are operated under this lease, which runs for 99 years from 
April 1, 1885, the Southern Pacific Company agreeing to maintain 
the roads, to pay all fixed and other charges, including interest 
on bonds and floating debt, and to divide the total net profits 
from operating, after making these payments, among the several 
parties to the lease, the So. Pao. Co. to receive 10 per cent of such profits, 
the Southern Pacific of California, 44 per cent of net profits. Southern 



CAPITAL STOCK. Stock authorized, $150,000,000. See V. 48, p. 428 

GUARANTIES, ETC. In Deo., 1892, company agreed to guarantee San 
Antonio A Aransas Pass new first 4s for $21,600,000. Other guaran- 
teed Issues are Houston A Texas Central bonds; Austin A N. W. 5s; 
Oregon A Cal. 5s; N. Y. Texas A Mexican 4s; certain of the Central 
Pacific's bonds, etc. see those companies. 

GENERAL FINANCES. On Jan. 1, 1896, loans and bills payable $3,191 - 
682, against $4,201,014 in 1895. In August, 1896, the company ar- 
ranged to borrow for one year 1,200,000 In London. V. 63, p. 407. 

EARNINGS.- 11 months, (1896.. gross, $44,342,159; net, $15,116 77a 
Jan. 1 to Nov. 30 J 1895.. gross, 46,090,151; net, iaU2439i 

AKICUAL REPORT. Fiscal year ends Dec. 31. Annual meeting Is held 
at San Francisco on first Wednesday following first Monday in April 
Report for 1895 wa% given at much length In V. 02, p. 1083, 1089' 
Earnings for the year ending June 30, 1896, as reported to the Cali- 



, , 
fornia RR. Commission were given In V. 03, p. 835. 

Proprietary Leatea Southern T"'al. Ibti! 
Comvaniu. Una. Pac. Co. 1896. 1884 ' 
B.2H 2,134 .... 7,847 7,261 

Orou trannportafn eanu. . . .34,786,673 16,637,117 84.234 60 467 
Operating expense. ........... 23.087.772 ' 



Mlleiofroad 




'>lh; 
Other Income 



,T"*1">'P^----- lS.8e,088 6.616,484 1,078,912 19 91,476 18.881.128 



IM.8U IVVN 

l.-:..*:':i I:....',, 
i!' .". 



Taxe ............................. 604.068 

Trjotage and rentals .......... 788.746 

California Pacific rent*) ......... . 

Iiiten-nt on bonded debt ........ 7,747.880 4,280 016 162.900 

Net pniHt* und. ( imnllius leue. 200.864 

lnret on open aocoonts ..... 241.766 12.877 188>04 

Sinking fundl .............. 287/86 ...... ;,, ..... 

:lt.>mln(n>oTeroperi- ' 

IKK expenses and taxe> .............. 4,649.066 .. 

Mtaoellaneoui expense! ........ 182,276 *41,6ii8 3,756 



1,371.443 
984,638 



12.1H0376 

UM47 



4,549,066 



,, 

8H2.1SB 

000.000 

.< n.wi 

118.B19 
969.121 

842,861 

l.i N'.'.I.::.-.!. 
30 ,7 



' ,827,I6S 462.128 17,406,262 

, 2,579,108 ] A 616,784 2,185^2 

LoMlnopetlonof'QJ"p.ciflo '.'.'.'.".'.'. '219,859 219.859 '.'..'. 

AdranoeetoOiegonftCal. RR. 7B0.811 790,811 



641,356 



Net Income from operafn . 2,679,108 .... 36.9.' *>76.033 2 US 212 

-IV. 01, p. 28; V. 62. p. 549. 680, 1064, 1083, 1 089; V. 63, p. 407,' 835.) 



Southern Pacific of Arizona. r See Map So. Pac.) Owns from 
Yuma to New Mexico boundary, 393 miles. The stock is $19,995.000. 
all but $2,400 being hold by Southern Pacific Co., which pays all 
charges and 12 per cent of net profits under ' omnibus lease." 

EARNINGS. 11 months, J 1890 Gross, $2,060,798; net, $304,627 

Jan. 1 to Nov. 30. )1895 Gross. 2,073.491; net, 641,446 

In 1895, gross, $2,286,576; net, $724,524; surplus over charges, 
$29,879; net profits due company under lease, $208,366. In 1894. 
gross, $2,082,694 ; net, $599,960. 

Southern Pacific (of California). ( See Map.) Total mileage 
Deo. 31, 1895, was 1,920 miles, of which 1,913 miles was owned, but 
of this 242-5 miles perpetually leased to and operated by the Atlantic A 
Pacific RR. Co. Balance (1,078 miles) leased to the Southern Paclflo 
Co. for fixed charges, betterments and additions, and 44 per cent of the 
surplus income under the "omnibus lease." 

STOCK. Of stock So. Pacific Company Jem. 1, 1896, held $68,162,260. 

BONDS. General Mortgage of 1888 abstract was in V. 49, p. 509. 
Ootwolidated Mortgage authorized In Sept., 1893, (see full abstract V. 
57, p. 1041), provides for all prior liens and new construction. Bonds 
may be issued not exceeding $30,000 per mile, of which $7,500 a mile 
is reserved for additions ana betterments. See V. 57, p. 469. This 
mortgage covers several new branch lines, total 122 miles, not covered 
by any other mortgage. See V. 57, p 1040. Consols for $1,568, 000 Is- 
sued for extensions were listed in Sept., 1896. (V. 63, p. 561.) 

LAND GRANT. The land grant was 12.840 acres per mile, and proceed! 
of sales go to retire bonds, but a large proportion of the land:, bar- 
ren and useless for agricultural purposes without Irrigation. In 1895 
sales were 6,352 acres for $24,702 and 50,286 acres were surrendered; 
interest on deferred payments, $52,200; land notes outstanding Jan. 
1, 1896, $3,175,542. 

1896. ..Gross, $9,082,990; net, $3,384,527 
1895. ..Gross, 9,581,985; net, 3,714,914 

ANNUAL REPORT. Separate report for year ending Dec. 31, 1895 * 
was given in V. 63, p. 25, 31. 

in 1895 gross, $10,906,798; net, $4,504,042 ; interest, etc., $2,993,- 
848 ; taxes, $338,863 ; bal., surplus, $1,171,331 ; net profits due com- 
pany under lease, $916,809. In 1894 gross earnings of both divisions 
were $8,999,236 ; net over taxes $3,077,021 ; adding rental ($436,- 
443) received from Atlantic A Pacific RR., etc., total net income 
$3,077,464 ; surplus over charges, $546,053, due So. Pacific Company; 
net profit due company underlease, $526,322. (V. 63, p. 25, 31, 561. > 

Southern Pacific of New Mexico. Owns Arizona State Line to 
Rio Grande bridge, etc., 171 miles. Operated under lease by So. Pacific 
Company, the lessee paying all charges and 6 per cent or net profits 
under the omnibus lease. Stock, $0,888,800 (par $100). all but $"2,500 
being held by Soutu'n Pacific Co. Sinking fund Jan. 1, 1896, $489,549 

EARNINO8. 11 months, ) 1896 Gross, $1,041,863; net, $406,409 

Jan. 1 to Nov. 30. 5 1895 Gross, 994,289; net, 334,546 

In 1895 gross, $1,083,120; net, $365,559; surplus over charges, 
$71,003; net profits under lease in 1895, $125,019. In 1894 gross, 
$926,979; net, $125, 356. 

Southern Railway Company. (See Map.; Company operates 
4,752 miles of road extending from Washington, D. C., and West 
Point and Richmond, Va., to Danville, Va., Charlotte, N. C., Columbia, 
8. C., and Atlanta, Ga., thence northerly to Bristol, Tenn., southeasterly 
to the coast at Brunswick, Ga., and westerly across the States of Ala- 
bama and Mississippi to the Mississippi River at Greenville. Water 
lines Baltimore Chesapeake & Richmond S. B. Co., 200 miles. 



EARNINGS. 11 months, 
Jan. 1 to Nov. 30. 



Owned in fee Uiles. 

W.Point,Va.,to Grcensb.,N.C. 233 

Charlotte.N.C.,to Aug'sta.Ga. 191 

Col'rabia,8.O.,to Green v.,S.C. 144 
Salisbury, N.C.,to Morrlsto'n, 

Tenn 228 

Bristol to Chatt'ga, Tenn 242 

Ooltewah Junction, Tenn., to 

Brunswick, Ga 415 

Austell.Ga., to State L., Miss. 261 
Atlitnta Juuo.,Ga.,to Lauder- 

dale, Miss 284 

Atlanta, Ga.,to Ft. Valley ,Ga. 102 

37 branches, etc 844 



Total owned .............. 2,945 

Leased 
tUVIrgiula Midland Ry. 

Alex'ndria,\'a.,toDanv.Va. 231 

Branches to Strasburg, &c. 
II Atlanta & Charlotte Air L. 

Cuarl., N.C., to Atlanta, Ga. 



109 



lINorth Carolina RR. 
Goldsb., N. C., to Greensb., 
N. C 130 



, . 268 
H Georgia Midland Ry ........ 98 



Greensb. to Charlotte, N.C. 

Operated under agreement 
I H Richmond & Mccklenb. RR. 
tRoswellRR. (narrow gauge) 
11 South. Ry. in Miss, (allbonds 
owned) 

State L.,Ala.,toGreen.,Miss. 

Br'ches to Webbs, Miss.. A r. 
Controlled by securilin. 
tHAshev. & Spartanb'gRR.. 

State University RR 

Elberton Air Lino RR 

tH Knox ville & Ohio R R 

So. Ry. in Ky. (all owned) 

Louisv.to Lexing'n,Ky.,Ac. 

Trackage Kiahte 
Washinct'n,D.C.,toAlex.,Va. 
Mobile Jc. to Birming'm.Ala. 
York, Ala., to Meridian. .Mi-s. 
Kentucky A Indiana Bridge. 
Selma,N.C.,to Pinners Pt.,Va. 



1(3 
31 

i 



13S 



123 

I 

7 
154 

Total mileage operated July 2, 1896 ............................ 4,752 

t All or nearly all of the capital stock owned. H See this company. 



JAXCART, 1897.] 



KAILKOAD STOCKS AND BONUS. 







ISO 



INVESTORS' SUPPLEMENT 



[VOL. LXIV. 



Nubirrlben will confer a great firror br 



Immediate notice of any error discovered In these Tables. 



RAILROADS. 


Mlle 
Of 

Ki.ii.l. 


Date 
of 
Bonds 


Size, or 
Par 

Value. 


Amount 
Outstanding 


INTEREST OR DIVIDENDS 


Bonds Prtncl- 
pal.When Due. 
Stocks Last 
Dividend. 


For explanation of column headings, Ac., see note* 
on ant page of table*. 


Rate per 
Cent 


When 
Payable 


Where Payable, and by 
whom. 


Southern RaUttay. (Concluded.) 


38 
38 
50 
309 

272 
552 
1,020 


1873 
1880 

1SS4 
1884 

1870 
1880 
1886 


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

1,000 
1,000 
1,000 


$400,000 
500.000 
1,025,000 
2,531,000 

3,123,000 
3.106.OOO 
12,770,000 
190,625 
l.OOO.OOO 
4,500,000 

ERN RY. 

1 ,000,000 
7,635,000 
4,859,OOO 
379,300 
74,500 
1,700,000 
500.000 
4,250,000 
760,000 
4,000,000 
2,000.000 

1st LIEN ON A 

2i,813,000 
5,191,100 
1,499,900 
900,000 
2,812,000 
989,000 
280,000 
5OO.OOO 


5 
4>s 

6g. 

7 

5 g - 

5 g- 

6 g. 
4 to 5 g. 

4 g. 
4,5,5 
5 
6 
6 
6 
7 
7 
6 
6 

BT. 900 M 

i g - 

See text. 
7 
5to6 
8 per an. 
6 
4_>a g. 


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

J. A J. 
J. A J. 

M. A N. 

J."A"J. 

M. A 8. 

J. A J. 
M. A 8. 
M. A N. 
J. A J. 
J. & J. 
M. & 8. 
A. A O. 
J. & J. 
A. & O. 
J. A J. 
J. A J. 

ILES OF 

J. A J. 
J. A J. 
A. A O. 
F. A A. 
J. A J. 
J. A .1. 
J. A J. 
.1. * D. 


N.Y., J. P. Morgan A Co. 
do do 
do do 
do do 

do do 
do do 
do do 
do do 
do do 
do do 

N.Y..J. P. Morgan A Co. 
Baltimore, Md. 
N.Y., J. P. Morgan A Co. 
Phil.,Tr.SafeD.AIns.Co. 
N. Y.,J. P. Morgan A Co. 


Jan. 1910 
Nov. 1910 
Feb. 1, 1924 
July 1, 1914 

July 1, 1900 
July 1, 1930 
Nov. 1, 1956 
Mnthlytol898 
July 1, 1918 
Men., 1938 

Jan., 1995 
Var. 1906-31 
May, 1936 
July 1, 1913 
July, 1913 
Sept., 189fi 
Apr. 1, 1897 
.Ian. 1, 1907 
Apr. 1. 1900 
Jan., 1897 
July 1. 1925 

ATS. 

Julv 1. 1994 
J'lt..V9~,2>s% 
A pi. 1, 1896 
Fell. 1, 1917 
.Inly 1. 1939 
.Ian., ';>7. 4% 
.Ian. 1. 189V 
.Tmit 1, 1943 






West. Nor. Car., lilt con. M., * e' 
East Tennessee Virginia A Georgia 
Olil lilt M. s.f.(Brltol,Tenn.v. Chat to Dal.,Oa.) 
Dlvtu'n'l M., n.,(Brlt<il,Tenn. to Seliua, Ala.)o* 
K. T. Va. A Ga. consol. M., g. ($20,000,000).c*r 




95 
LEASE 


1879 
1894 

DTO(U 

1895 
1881 

l*H<i 
1ST!) 
1879 


1,000 


Mouth. Ky. E. Tenn. lien, gold (5 after Mar.,'98) 

B. OH PROPERTIES PRACTICALLY OWNED BY (*) OB 

dpart. Union & Uol., $1,000.000 gu. Ath. A Sp.g. 


) SOUTH 
l.OOO 
100*.'. 
1,000 
lOOAo. 

100 
1,000 
1,000 
500 








28 
31 




IT Atlanta A Charlotte fitook 


N. Y., Central Trust Co. 
db do 
do do 
do do 
Burlington, N. C. 
N.Y., J. P. Morgan & Co. 

ROAD AND ON STEAM DO 

N.Y..J. P. Morgan Co. 
Sav., Ga. A Macou, Ga. 
Phlla., Broad St. Stat'ii 
do do 
N. Y., Chase Nnt. Bank. 
N. Y.. Gr'd Cent.Station 
N. Y., Union Trust Co. 
New YorkCitv 


Preferred mortgage, subject to call at 100. o* 


265*3 
265 Hi 


1877 
1877 
1880 










66 

OLEAS 

4,502 
333 
109 
109 
140 
6 
24 
13 


1885 
E-HOI 
1894 

1877 
1889 

1879 

1803 


i,6b"6 

DB, &C., 
l.OOOAo 
100 
50 
1.000 
1,000 
100 
100 Ac. 
1,000 


C. OK ALL PROPERTY OF SOUTHERN BY., INCLUDIN 

Southern Ry.-lt cons. M. g.($120,000,OOOio*Ar 


goutkiMtl Pennsylvania Stock [$3,OOO,000 auth.]. 
lt M., sink, fund $5,000 yearly, not drawn r 
Bookane Falls <t North. 1st M., $20,000 p. in., g.o* 
tmiylen />uyrtf <*f"<.Mor.-Stock,8p.c.gu. N.Y.Cent. 


tlaten Island 1st M., $l,000,00o, gold. gn. p.Al.c* 



357 I Central of Georgia Ry 1,463 

336 | Georgia Southern & Fla. 285 



Southern Ilatl\\-ayfC<incliulril.> 

AFFILIATED BUT OPERATED SEPARATELY (See P.'iel] Co. 

Alabama Great Southern 

Clncin. N. O. A Tex. Pacific.. 

ORGANIZATION, ETC. A reorganization in 1894 of the old Richmond 
A West Pt. Ter. Railway A Warehouse system. The reorganization 
plan presented in May, 1893, was given in full In V. 56, p. 858, 874, 
and certain changes thereof In pp. 1016, 1058, and V. 57, p. 61. The 
modified plan of Feb. 20, 1894, was given in full in V. 58, p. 363, 385. 

In 1895 rontrol was acquired of the Ashevllle A Spartanburg and 
the Alabmn Great Southern (see those companies and V. 60, p. 433, 
1 148 ; V. 61, p. 26). and also a large Interest In the Georgia Southern 
A Florida (see V. 61, p. 113,375; V. 63, p. 361.) An agreement was 
likewise made with the Cincinnati Hamilton A Dayton for interchange 
of traffic with the Cincinnati New Orleans A Texas Pacific (see V. 61, 
p. 37 S), and proposition made to purchase the Cincinnati Southern 
(operated by C. N. O. A T. P.), but this was rejected see V. 63, p. 
361. Georgia Midland Ry. (98 miles) was leased in June, 1896, for 99 
years. V. 63, p. 361. 

STOCK. Authorized about $125,000,000 common and $60,000,000 
tp per cent non-cumulative preferred stock. No additional mortgage 
tan be put upon the property, nor can the amount of the preferred 
itock be increased without the consent of holders of a majority of the 
preferred. The preferred stock is redeemable in cash at par. 

Hulh classes of stock of the new company (except sufficient to qualify 
directors) are deposited with three stock trustees. The stock shall be 
held by the stock trustees and their successors, jointly till July 1, 1899, 
and for such further period (if any) as shall elapse before the preferred 
stock shall have paia live per cent cash dividend in one year, although 
the stock trustees may, in their discretion, deliver the stock at an 
earlier date. Certificates of beneficial Interest, entitling the holder to 
dividends, are Issued in lieu of the stock so deposited. Stock trustees 
are J. Plerpont Morgan, Charles Lanler and George F. Baker. 
DIVIDENDS. On preferred in 1897, Jan., 1 per cent. V. 63, p. 1011. 
BONDS. The new first consolidated mortgage, Central Trust Co., 
N. Y., trustee (see abstract in V. 59, p. 783), is secured by mortgage 
and pledge of all the property of the company. The total authorized 
Issue is $120,000,000 of 5 p. c. gold bonds, as follows : 

Issued to April 1,1896 $25,839,000 

IssnablB onlv to < " P rioT bonds" (see V 59, p. 785) 69,124,700 

retire rt a tn} stock9 <" ee v - 59 ' ? 786 >------- 5700000 

" ( equipment obligations (see V. 59, p. 786) 2,435,672 
To be Issued hereafter only for extensions and additions 
at not exceeding $2.0OO,OOO yearly, with a single excep- 
tion as to $4,000,000 (see V. 59, p. 786) 16,900,628 

Total authorized issue $120,000,000 

Of the $20,000,000 consols originally reserved, $2,100,000 have been 
used for purchase of Alabama Great Southern and other purposes. 
(V. 61, p. 569 ; V. 62, p. 50t.) Prior bonds must be paid by maturity 

Charlotte Col. <t Augusta first / were extended to July, 1909, at 5 
per cent. Extended bonds were assumed by Southern Rv interest 
payable in gold. (V. 59, p. 970, 1006.) 

FIXED CHARGES. Fixed charges are estimated at$5,400,000 in 1896. 

LATEST EARNINGS 5mos. > 1806. Gross, $8,138,794; net, $2,716,071 
July 1 to Nov. 30. J1895.Gross, 8,581,591 ; net. 2,892!93 

The above earnings are on 4,3o3 miles in 1896 against 4,597 in 1895. 

ANNUAL REPORT. Fiscal year ends June 30. Annual meeting is held 
the fourth Tuesday in October. Th first annual report for 1895-96 
-was given in V. 63, p. 354, 359. See also editorial p. 337. 

Traffic. The freUht tonnage Is widely diver Ifled, which is an ele- 
ment of strength. Agricultural products In 1895 96 furnished onlv 
about 15 per cent (cotton less than 4 per cent), while over 40 per cent 
wa fro.n mining industries (30> per cent being coal) and over 25 per 
cent wa product of manufactories. Ton rate, 0-972 cents per m.; train 
load. Ill 1 - tons. 

Earnings, etc., have been as follows: 



Tears ending June 30. 1896. 1895 

Average miles operated... 4.573 4 139 

Freight $12,055,240 $10,816,024 

Pa-stagers 5,287,914 4,329499 

Mall, express, etc 1,739,093 1,969,269 

Gross earnings $19,08',247 $17^114,792 

Operating expen. A taxes. 13,451,417 12,062,855 

Net earnings $5,630,800 $5,051,937 

Op. exp. to gross, percent (70-49) (70-48) 

Other Income 188,507 89,677 

$5,819,307 $5,141,614 



1894. 



$10,368,224 
4,209,942 
2,065,133 

$16,613,299 
12,345,628 

$4,297,671 
(74-18) 



Total net income 

Ch urges 

lutvrest and rentals $5,218,370 

Ctner deductions 44,458 

Balance, surplus for year . $556,479 



$4,195,925 
49,944 

$895,745 



Operations of line" composing the Southern Ra'l vav System (4,392 
miles) for the entire years eurliut; June 30 have IIIMMI as follow* : 
Tears end' fane 30. 131)5. 1894. 18!W 1392. 

Gross earnings. .$17,939,1 19 $17,548,635 $19,253,204 $20,173,641 

OFFICERS. President, Samuel Spencer, 80 B'way, N. Y.-. 1st Vice- 
Pros., Alexander B. Andrews, Raleigh, N. C.; 2d Vice- President, W. W. 
Finley; Treas., H. C. Ansley, 13OO Pennsylvania Avenue, Washing- 
ton, D. C.: Secretary. Josiah F. Hill, 80 Broadway, N. Y. -(V. 63, p. 
29, 153, 228, 270, 337, 354 359, 407,459, 516, 651, 1011.) 

Southwest Pennsylvania. Greensburg, Pa., to Falrchanoe, Pa. 
44 miles, and branches, 64 miles ; total, 108 miles. Leased to Pennsylva- 
nia RR., which pays net earnings as rental and owns $1,057,250 
stock and $600,000 bonds. Dividends in year 1891-92 10 p. c.: 1893, 
10 p. e.j in 1894, 10 p. c.; in 1895, 11 p. c.; in 1896, April, 6 p. c. 
rr.Oec.31. Gross. Net. Int.,taxes,4c. Diaid'ds. Ral.,sur. 

1895 $1,006,186 $337,994 $102,155 $164,989 $70,850 

1894 785,064 350,199 122.822 149.990 77.387 

Southwestern (Ga.) See Map Central of Georgia Ry. Owns 
Macon, Ga.,to Eufaula, 144 m., and branches to Columbus, Ac., 188 m. 

LEASE. Leased for 101 years from Nov. 1, 1895, to the reorganized 
Central of Georgia Ry. at a rental of 5 p. o. From rental in arrears, 
adjusted, an extra dividend of $10 per share was paid on Jan. 14, 
1896; also 80 cents per share, being rental under lease from Nov. 1 to 
Dec. 31, 1895, was paid, making that dividend $10.80 per share. 

For year ending June 30, 1895, gross, $960,221 ; net, $84,367. (V. 
p. 60, 523, looS; V. 61, p. 926, 1156.) 

Spokane Falls Sc. Northern Ry. Owns from Spokane, Wash. , 
to Canada line, 140-6 miles. The Nelson & Fort Sheppard Railway, 
completed in March, 1894, Is In the interest of the Spokane Falls A 
Northern, from International Boundary Line to Kootenai Lake, B. C., 
60 miles. The Columbia & Red Mountain Ry. was constructed during 

1896, is 17 miles, and connects the 8. F. & N. Ry. at Northport with 
Rossland in the Trail Creek Mines. Manhattan Trust Co., N. Y., is trus- 
tee of Spokane Falls A Northern mortgage. The bonds for $2,812,- 
000 have been scaled to bear 4 per cent interest till July 1 , 1896, 5 per 
cent to July 1, 1897, then 6 per cent as formerly. They carry scrip to 
represent the interest scaled, this scrip being payable in cash July. 

1897, or in second mortgage bonds. Stock, $2,812,000; par $100. 
Loans and bills payable Dec., 1896, $285,000. 

EARNINGS For year ending Dec. 31, 1896 (Deo. estimated), gross 
$439,554; net, $241,394. In 1895 gross, $374,294; net, $212,426.- 
V. 62, p. 366. 

Spokane Sc. Seattle Ry. SEE SEATTLH A INTERNATIONAL RY. 

Spnyten Duyvll Oc Port Morris. Road Is 6 miles double track 
and connects the N. Y. Central A Hudson with the N. Y. A Harlem. 
Leased to New York Central till Dec. 31, 1970, at 8 per cent on stock. 

State Line & Sullivan. Owns from Monroeton, Pa , to Berenice 
Pa., 24 miles. Stock, $980,250 (par $50.) The mortgage covers 5,000 
acres coal lands. Road leased till 1934 to the Pennsylvania A New 
York Canal A Railroad Company (rental, $10,000 per annum), and so 
operated by Lehigh Valley. In 1893 gross receipts were $405,239; 
net, $54,669; interest charges, $16,800; balance, surplus, $37,869. 

Staten Island. Clifton to Tottenvllle, 13 miles. Leased to Staten 
Island Rapid Transit Co. till 1983, at $80,600 per annum, which pay* 
$4 per share OD stock, interest on bonds and organization expenses. 

STOCK. Authorized, 60,000 shares originally $15 per share; out- 
standing, 14,000 shares. In 1893 changed formally par value, making 
each certificate $75, and hence total outstandin g $1 ,050,000. 

BONDS Of the 4*2 per cents no more than $500,000 to be issued ex 
cept on two thirds vote of stockholders. They are guaranteed principal 
and interest by Rapid Transit Co.. and are so endorsed. Mercantile Tr. 
Co., trustee. The bonds were listed on the N. Y. Stock Exchange in 
October, 1895; proceeds of $200,000 were used to double track and 
for Tottenville terminals. (V. 56, p. 887; V. 61, p. 737.) 

Staten Island Rapid Transit RR. Owns line of road around 
the Staten Island shore, east and north sides, from South Beach to a 
point near Elizabethport, N. J.; total owned 11 miles; leases Staten 
island Railway, 13 rnues; total operated 24 miles. It has a 99 years' 
lease of the S. I. Railway, including ferry between Tottenville, 8. I., 
and Perth Amboy.N.J. See Rapid Tr. Ferry in " Miscellaneous." The 
bridge over the Kills at Elizabethport was completed in 1890, and since 
July 1 , 1890, the freight traffic of the Baltimore A Ohio RR. Co. to and 
from New York has been handled by this company. See description 
of mortgages, etc., p. 8, SUPPLEMENT of April, 1896. 

SECURITIES. The Baltimore A Ohio guarantees the 2d mortgago 
bonds and owns a majority of the stock of $500,000 (par $100). Inter- 
est on 2nd 5s due July 1, 1896 was paid. Loans and bills payable 
Sept. 30, 1896, $752,875. 

EARNINGS. 2 mos.,1896 Gross, $291,996; net, $161,951 

Julyl to At'.g. 31. J18!>5 Gross, 304,717; net, 149,636 

Statement for year ending June 30,1896, with balance sheet, wa 
given In V. 63, p. 355. 

Yrar ends June 30. Gross. Net. Int. d Taxes. Sal., sur. 

1895-96 $764,453 $317.910 $321,467 $26,443 

1891-95 875,343 386.083 326.936 59,147 

-(V. 61, p. 872, OlS; V. 62, p. 321, 871 ; V. 63, p. 356,839.) 



JaNfARY, 1W7.J 



KAELKOAD STOCKS AND BONDS. 



ub*rlber will eoufer frrmt fmwnr Hv rl1nzr Immediate notice of any error dUrovered In tneoe Table*. 



RAILROADS. 



For explanation of column heading*. Ac., *ee note* 
on ftnt page of table*. 



Mile* 

of 
Road. 



Date 
of 

Bonds 



Size, or 
Par 



An-ount 



INTEREST OR DIVIDENDS. 



Jiondt Prlnc.- 
pal.When Due. 
Bate perl When Where Payable, and by stotktlMt 



Cent Payable 



Dividend. 



kftrn frt guy Tr. l*t Jt.,g.,8orJ.s.f..notdr..e* 
SdM.. g.. gu.p. AL (endorsed by B. 4 O.).... OAT 

laeomea. gold (non-cumulative) 

Jae*ri*V * PUt*JUU- P.O. rental N. Y. N.H.4H. 
I * Arluauut Kir.- l.t M. (*ee text), g....e 
\ Ctnntl t JZai/rood-Stoek. 



AIL 
AIL 



BWt*. *. v> *~.J 

SBBMHI 
JMUAwtl 

l.t mortgage, $400.00- 

JwjUTv //o>. 4 WWfceio.-Stock (owned oy Pa. RR.) 

Ut.8erie*A,drawnat 100 e 

.J I . ' . ^ M 

maewy < I^isJaVia 1 *. Otoik' ~$i*.2OO.OOO 
l*t mortgage, $600.000, p A I.', gold ......... ..o- 

ammeoo* ra<&v-8tock. 6 p. e, rental Con. A Mon. . 
JenHJ KR. lt mortgage... 



23 
40 



43 
43 
43 



1886 

l--:, 

1891 
1894 

1-7- 

1-7- 



$1.000 
1,000 

1,000 

100 
LjOM 

100 
1,000 

IOO'AC. 

100 Ac. 



$1.000.000 

12,500.000 

4.5OO.OOO 

448.700 

375.000 

5OO.OOO 

- 



6 g. A. 4 Oi 



N. Y., foot Whitehall St. 



35 



1896 



OontoLM 



war 



nV*. Tort-stock, 



2d mortgage 



M.(p. and 1. gnar. (end.) by D.L.4W.) .e*Ar 
Oavahiy UtaUeXdr-natpar.e 

i"i'aii."RV."-^8tock $5,"666.bb6 

' gold. ..e* 

IAT. * ST. U 



81 
81 
57 
57 



T -miitml SmUroaJAaoeiatio~-ltmort.. gold.. e' 

l*teoo*oL mortgage, $12.000,000. gold. c- 

. Louis Bridge Co. let pref. " 



1876 
1875 

Qm 

1896 

UM 
MM 



1,000 
100 

500 Ac, 

100 

100 

1.000 

100 Ac. 

1,000 

100 

500 



Ac, J'n. 



1,000.000 

1,000,000 

1,350.000 
1,200,000 
500.000 
240.000 
j.,.;.-,. i 
1.000.000 
2,500,000 
1.966,000 
659.400 
600.000 
5,000.000 
n.'97. 



lit mortgage, guar. p A I., end. gold e' 

aaael Raflroad of 8t Lou!*, (took, gnar. (cad.) . 
i Smut 4 iHMmmmmHi meek... ....e 



1879 



1,000 

1,000 

100 

100 

-.1-1 A.' 



ConaoL M.. now l.t M.. limited to $1 .9OO.OOO. g. 

New eoaa. M., g.. red. art July 1, 19O2,at 105. .e 

larr Bm*U m Lit '*.-l.tM.,gnar. byT.H.AJad. 

l*tM.oa Logan*, to Booth Bead <2doa 93 BOKU. 



197 
Iff 

93 
05 






SO 
1.000 

1,000 

1.000 
1.000 



7.000,000 
4,500.000 
2,490,000 
3.OOO.OOO 
5.000.OOO 
1.250.000 

I.-' .l.Vl 

1.900.000 
600.000 
500.000 

1.000000 



5 g. J. 4 J. do do 
up to 6 g do do 

6 Q. J. 8tockbrldf>, Mae*. 

6 g. J. 4 J. Coup*.cano'dtoJ'ly.'97 
8% In '96 A. A O. Bostou, S.Dep. A Tr.Co. 

4 A. A . i. Boston. 

10 in '96 M. A X. Phlla.. Broad 8t Stafn. 



. 

M. A X. 
M. A X. 



.. 

do do 

do do 

Puila.. Guar. T. A 8. D. 

do do 



J. 4 J. 
J 4 J 

A. A O. X. Y., D. L. A W. Office. 



See text Q. F. ,N. Y., D. L. 4 W. RE. Co. 
7 A. 4 O.I do do 

7 M15AX. N.Y., Farm. L. A Tr.Co. 
5 at 4 8.N. Y., Or. Cent Station. 



5 g. M. A N. 1st coup, due May 1, '97 
4>g. A. 4 O. N.Y., J.P.Morgan A Co. 



!F. 4 
'J. 4 J. 
J. 4 J. 



do 
do 
do 



do 
do 
do 



Jan. 1, 1918 
Jan. 1, 1926 
Jan. 1. 1946 
Jan.. '97. lij% 

1921 ans 

Apr!"i,"i924 
Nov. 1, '96, 5ft 
May 1, 1928 
May 1, 1938 
Oct. 1, 1898 
July 1. 1936 
Jan., '97 ,3% 
Apr. 1, 1903 



Xov., 1896 
Oct. 1, 1906 
Xov. IS, 1905 
Men. 1, 1900 



7 g. A. A O. Xew York and London. 
J. A J XY .J.P.Morgan 4Co. 



it F. 

' 



A J. N. Y., Farm. L. A Tr. Co. 



1946 

Oct. 1, 1939 
Aug. 1, 1944 
Jan . '97, 3 
Jan , 
Apr. 
Jan .-'.IT. S* 

See text 
July 1, 1928 
July 1, 1925 



. '97, 3% 
, -97, 1 1& 
r. 1. 192$ 

- 



9 g. 'J. 4 J. do do 

6 J. 4 J. Jan.. '9fl, coup, last pd. Jan. 1, 1910 
6 'J. A J. Jan . '9i. coup. la*t nd. 1 Jan. 1. 1918 



fork bride* A FHt.Beld.-VaadeaaeavUle to . 

3 mile*. Leaaed for 99 years from April 1. 1893. to N. Y. N. H. 4 
Hart, at 6 per cent on stock. l.nm pay* tax**. Old leaae to Houaa- 

Baale 1* nspeadod but aot eaaeeled. 

Aimic.ri 4 trkaaaaa HI ver. -Stuttgart to Oreenwald. Ark.. 84 
Bile. ; branch (completed la 1894). 6 Bile*. Opeaed la 1891. Capital 
took ouUtaadlng.i500.OOO: par. $10O7 Mortgage Tnutee. Farmer*' 

Sym..u I - r &yt #%^vatu 

miiTi II IA nnrf r* -- - '- - far -" _. ..... of their 



IBMM f..r.-M-r.in.i t.. p IN 
Er -"-, to be .afflefcnt 



a* tolls a um intended 
to provide for Intereat 



.-J In to ...,. 
boad* and all Baggj 

Tear 1894. CTOM. 913; 
Summit Branch 



1807. Bono* 
July 1. 1897. 



unbur; ilaxlelon A Wllkebarr 
Fa.. 43m. A eoal road operated by the Pea 
eatire capital Mock and 9488.6OO taeoBia. 



61. B. 
MlBCBIXAJIBOCI OOBTPAjnaa. 

nlllvan Coaaly .Road from Bellow* Fan* to Wlaaaor. 
Tt, 26 mile*, of which 1 Bile t* used under contract. Chartered 1846; 
road opened 1849-. operated since April. irBS. by Blrtia A Maine 
Net earning*, lev taxe*. paid leasor. DtvtdeadaofS p. e. In 189S-V6. 

aUB*no.-For year ending Juae 3O. 1896. groe*. $9. $.094: net. 
$70.9*3: Interact, taxes, etc.. $30459; dividend*. $4O.OOO; balance. 
earplaa. $624. la 189444. gre**, $OO,34*.-V. 68, p. $77 

! 4 Wllke.barrr.-Suabnry to TomhlckeB 
' r the Faaa. RR. Co.. which own* the 
icome*. Slaking fund for 1st mort- 
gage now draw* about $ll.ooo bond* yearly at par. DIVIDE-TO*. 
From 18*9to 1892. May p. e. yearly ; la 1*93. Ip. e.; In 1894. 10 
p. c.; la 1899. 10 p. c.; la 1896. Slay. 5 p. e.; Nov.. S p. e. 
Tear <;r. .Y*. C karat*. Pineta***. Bmtmmtt. 

iSIt ::::::: < .tUB i 8?S8 niS $ 1SS^ %*l$S 

ary * Lewlatown , )sllBgiriv* JoaeUoa to Lewla- 
town. Pa.. 43 mile.: Lewtatowa Ji 
her. 1896. wa* 
Bile.) and .tool 

Leased for 7 rear* ; 
to Feajaayfraala 
> no*. Net 

tune- 1883 to 18S9. laelaaive. 6 p. ct per an.; 
Vto Oct.. l96.lncla*lve.atrateof 8p. c. (V. 92. p. 1179: vV63. p. 
016. 961.) 



e* : Lewletowa June, to Milroy. 12 mile*. la <- 

Bemed with the Mlfllo 4 Ceotre Oeaaty RH. (12 

laerMM4freBMOO.OOOtol^an/>oO'V. 63. p. 516. 

r 7 rear* fraeo OeTl , 1 896. loriglnai UaM wa* Bade 




Valley K K. 
912 t 



road flv 



. ok toPltUfleld. X. H., 17 

alia*. Leaaed till 1912 to concord 4 Montreal for 6 p. r. on $24O.OOO 
ef eapltal. -oek Uraed l $341.700. of which $101.700 I* 

aow dividend paying. PreaUeat, Hlraa A. TtrWU, Ptttaweld. N. H. 

Brlde 4 Erte.-Merged la Erie RR. la April, 1896. 




ance. .urplu.. lo...i, 



Tram.e Hln c hamion * M. T Oed4e*. . Y.. to Blnghamton. 
ML OoatroUed alaee 1 "57 by Delaware Lack. A Weetom. 



o ae . 

which. July 1. 1896. owaed$1.912.000*toek aad gaarantoa* the bonda. 
DIVII.KIM . . , $ $ -90 $! -92 to 5ov . 'IW. Inelu*. 
Fweet 18 $ $ 13 $ yearly (2 p. c. .|uar:) 

F: > H ^ mo*. For year* eadlng Jose 80 

' Xtt. l*t.4t***. Dtft4tm*. RaJ^tur. 

IfM-C. ..... $HJV91 $369.617 $187.371 $8OO.OOO df-$17.754 

W1.0H6 894.70 179.772 2Oo!oOO 14.986 
f$ll I ...... $>;$$$ 402.MI 17M.12V 200.000 24.32 

-'V ,-.:. i. 288. , 926; V. 62. p. 321, 910; V. 63. p. $T. 881.) 
s,r., . Ueaieva 4 Corning, <>wn* rrom Corning. X. Y . to 
mile*. aad Peon YantoDreaden. 6m. l^-i to Fall 
'.allwayOo. ' 
tral A Hadaoa Rli 



M la 1W4-VS 
-atal. 

net, 



ta $1.32.1.000 (par $1OO). of w 
$awT$od. Dividend, of 9 r 




I 

tar, 



115. net. $223.4091 
l - ' - .; 
mat M IHIII. $15^*2 ; V. 63. p 
'aaeaaee tteargla 4 tllantlc Rv. Inoorporate<l i 

:we and pnrchaae the Xortheau>rn RR. of (Ja. (which 
eel and to extend It from Lola, (;*..*> a to form a tlinnuh line from 
Chattanooga. Teaa.. to Aacn.ta. (la., 243 mile*. Cnnitructlnn wa* 
"Wber. I -o. Capital stock I* f 

nt Alooio B. OoneU. New York: Vlce-Pre*. and Oca. 
JUaager. Edward A. Kir hard, of Atlanta, f)a. -V. 63. p. 716, 
I it 




1010. 

iMorlallnn of At. Lonla. PaorKBTT. 
lerato* eitea.lv* Urmlnal* at 8t Ix>ul*. with lielt line* nd 
atunavl 4^tOOfeet la lenrth. The Union PaaeenmrSta- 
1.1*94. The station I* leased to the 



eole owner*: 
NaubvlUe, K. _ 
tmnvolPaeMe 



in im. The following oompanle* an 
dnrlanatl Chicago 4 8t l<ml. lulvllle 4 
Iron Mountain 4 Southern, Ohio A MUnd 
The** eoBpaale* have igTi 



:..:,,,,! 



en these bonds. IB addition to taxe*. rental* and other charnM, and If, 
owing to nay temporary unforeseen etrounutanee* the net earning* 
should not be *ameleat to meet the flxed charge*, each line will oon- 
tribnte It* proportion to the extent of one-seventh of $l.Ooo.OOOto 
Bake upaay deadency. Control of St L. Merchants' Bridge Term. RR.- 
ee thai eoBpany- wa* obtained In November. 1893. (V. 57. p. 1O84.) 
m. iMtU Tfrmimml Mf. ("West H- :t I.lun"). entire (took. $1,200,000. 
and the entire iaaae of first*. $1.2OO,OOO. are deposited with truntee of 

lit oooaol mortgage. Y. 60. p. 4 P. 5OO. 

MM of the Bridge and the Tunnel are for their 

-.., .aad were Bade July 1.1881. to the Missouri Paoiflo 

aad the Wabaah. bv which oomBaale* they were aasignetl to the present 



aeaoetetton. The lease gvaraaited 6 per eeat oa the Bridge C o'* $2.- 
490.000 8npret*toek. 3 D. e. oa It* 83.OOO.OOO eecond pref. and 4 
p.&oatheTwaaelOo<*.$l4ftOVooOeomatoa*took. 



P.O. 

Sroca. -Capital stock outstanding Dee. 81. 1895. $1,441.200. 

Boxoa. Erc.-The mortangt / 1889 (trustee. Central Trust Company. 
wa* i1r1bsd la advertisement la CBBomcLB of Febmary 13, 1892. 
The 1st i *anol mortgage of 1894 (Central Tr. Co., of X. Y.. trustee,) 1* 
for $11.000.000 of 5 p. e, gold bond., of which $7.OOO.OOO reserved 
to retire Jlr*** of lf$* aad 9800X100 for ooBpletlon of Eat 

nuaraatoea the $3^00.000 Bt L. Merchant*' Bridge Teimlual 1st 5s. 
and the taatreal oa the $2.000.000 lit 6* of Merchant.' Bridge proper. 
(Bee those Oo's ) BUI* payable Dee. 31. 1895. $487.320. 

A<cfALBxruBT. Year eadsDec. 31. Report In V. 6'J. p. 499, showed 

l>r Ore** JT*t OUter inr. Charon. Batanrr. 

1899.... $1.757.781 $1.042.757 $333.313 $1.870.397 sur.$5.873 
1 vi- <1J S09.958 1M9.392 1.143.376 df.$144.12$ 

1362.188 1.055.493 127.747 1.112.5A4 sur. 70,689 
it.JulIu* Wal*k (elected In March. 18O6): Vl.-e-Presldeut: 
E. P. Ryan. (T. 00, p. 48O. !. 980. 106YK V. 62. p. 499.) 

Terre Hani* 4 Indlanapoll*^- <M Umf Pm. MR.} Own* from 
Indianapolis to nilaoil State nne. 8O mllea, with coal braaehea, 47 
Bile*; total. 187 Bile*. Lisin Terr* Haute 4 Logauport RR.. IP* 
mile*: St. Loot* Yaadalla 4 Ten* Hanto. 198 mile*; Indiana A Lake 
Michigan KR.. South Bend. I ad., to 8t Joseph Harbor. Mich.. 4Om.:Terr* 
Haato 4 Peorla [lee* 7 mlJe. trackage). 169 m.: K. St. I. 4 Carondelet 
By. (operated under contract ) 13 mile*; total. 6M6 mllea. 

HuTOBT.-Ia 1893 the Pa. RR. purchased majority of stock. 

RBCBiVEBamr.-On Nov. 18. 1896. Yolaoy T. Mallott. of In.llanapo- 
II*. Ind.. was appoUtod receiver. BeeatatoBeat In Y. 03. p. nil l. 

LBAIB*. ETC. Leaaa* Bt Ixml* Yaadalla 4 Terra Haute RR. on Joint 

woaat with Plankaia Clndanatl Chic. A St U RR., at 80 p. c. oi grow 

kralaga, and OWB* $500.000 of It* COB. aad$328.ooOo It* pref. .lock. 

I M VIDBUD* aua 1878 : From 1878 M 1884, Ineliulve, 8 ; from 1885 
M Feb.. 1894, taelaelve. 6 p. c. per aanaB : noae slace. 

Boim*,-The aaw con*ol. mortgage of 1892 1* limited to $600.0On. 
In 1893 six per cent equipment note* for $4OO.OOO were U- 
1, aiatorlac JS.9S6 monthlr. the Vaadalla to pay 42 n. c. of these. 
I II A I 17p.e.aadtheT. H. 41. 41 p. c. 6n Oct 31,1895, Mil* 
payable. $194,445. 

UOAB**TuaOBaraBle* bond* of the T. H. A Loganaport. T. H. 4 
Peoria and ladlaaa 4 Lahe Mlchtaa see thow> companies -but In- 
terert on their bond* I* IB default V. 63. p. 4O7. 

Uaxixoe Oa Terre Haute A Indianapolis proper, on 127 miles, for 

Car enc Ing October 81. 1896. were: Oron*. $1.213.578: net. $196.- 
1; ethf-r laoome. $46.883: Interest $125.0OO; bal. over interact. 
$1 lfl.524: from which deduct loa* la operating leaeed line.. $270.797; 
balance, denclt $11.273. In 18944: <Jros*. $1.236.526 : net. $276.- 
:.<l. other Income. $557987: Interest. $125.OOO : balance over Intereit . 
in which deduct los* In operating leased lines. $210.025 ; 
balance, deflclt. $2.4.V> In 1898-94: Gross, $1,129.970; net, $322, 
119. (V. 63. p. 6, 407. 924. 1011.) 

faille A Loganaporl KR. Own* from South Bend, Ind., 
M Roclnllle. Fn.l.. 10O mile*; trackage. Rm-kvllle to Terre Haute, 22 
mllee; total operated. 182 mile*; teel. DO an.l 7O p.. Leased to Terre 
Hanto A Indianapolis RR. for 99 year* from December, 1979. at 25 
per cent of gross earning* and hnt mortgage bond* guaranteed. 
Stock. $500.000 ; par $6o7^ 

Internet due July 1. lf)9fl. wa* not pal. I. and foreclosure *nlt under 

the two flr*t mortgagee were flled In December. 1896; 70 per cent 

landing bond* aepoeltoe'. Bee V. 64, p. H5. Cammilln^- 

f-irtl Martgvg, <-mmtttt*U. L. Sondder. 32 Lllwrtv Ht , X V.. Charle* 

K. Jacknon anil l|.-nry II. Klv. Depositary, Xew York Security A Trust 

43, p. 756. Kitrnnon BondktUer* Oommltlf 

Chairman. R. Dale Benson: Cnarles Pratt, R. S. Bronk, Hurry F. Wei>t, 
AiiiruntiK Tlinma*. Depoaltarie*. Drexel A Co.. Phlla.: X. Y. Security 
4 Tnit Co.. H. Y.-V. 3. p. 117. H: 9. St. irk. *5OO,OOO ; par, $50. 

Kamtngt. For year eodlnx Oct. 31. !!>. the lee reports: <)ro*, 
57\71!>: net. t-. 1,526: rental Bald T. H. A I... $14H.n:iO; bal.. los* to 
lessee. $i7.4<4. Keimrt for year ending Dee. Ml, 1895. V. 63. p. 64, 
bowed gro*s$66n.lO>. aaln*t <l13,mi2 In 1894: loss to le>see $61,- 
255 against $18,435. (V. 63, p. 31, 4 ; V. 64. p. 48, 88. 182.) 



133 



INVESTORS' SUPPLEMENT. 



[VOL. LZIV. 



immediate notice of any error discovered In the*e Table*. 













RAILROADS. 

or explanation of column headings, 4o,, ee note* 
on first page of tables. 


Miles 
of 
Road. 


Date 
of 
Bonds 


Size, or 
Par 
Value. 


Amount 
Outstanding 


Rate per 
Cent. 


When 
Payable 


Where Payable, and by 
Whom. 


ml.When Du*. 
Stock* Last 
Dividend. 


tern Baute 4 Peoria. Common stock 
Preferred stock, 6 per cent, non-oum 


144 
144 

176 
52 
52 
105 
104 
209 


1887 
1892 

1893 

1 M(W 

1875 
1**2 
1893 


100 
1,000 
1,000 

i',000 
1,000 
1,000 
1,000 
1,000 
1,000 


1,837,400 
112,000 
2,048,000 
2,649,400 
1,324,500 
250,000 
150,000 
750,000 
1,620,000 
2,575,000 
1,620,000 
389,999 
38,710,900 
3,784.000 
21,206,952 
23,172,588 
139,420 
473,000 
50,000 
580,900 
239,500 
265,000 
160,000 

6,500,000 
3,708,000 
3,000.000 
2,500,000 
1,500,000 
363,206 


5 g. 
See text. 

8* 

5 

7 
6 g. 


M. 4 8. 
M. 4 8. 

Texi 
A. & O. 
J. 4 J. 
J. 4 J. 
F. 4 A. 
M. 4 S. 
J. 4 J. 
M. & N. 


In default. 
Mar.,'96, ooup.last paid 


Mar. 1, 1927 
Sept. 1, 1943 


too* Central Common stock 
Preferred stock, non-cum ............ 

Irt mortgage for $2,OOO,OOO gold, red. at 105...0' 




Jan. 15,'97.3% 
Apr. 1, 1923 
1993 
1993 
Aug. 1, 1905 
Sept. 1, 1912 
July 1, 1943 
2 p. ct. per an. 


N.Y., Moran, 68 Wm. St. 
None in 1894-95 
None in 1894-95 
N. Y., 8. Pac.,23 Br'dSt. 
do do 
N. Y., Central Trust Co. 




fteM^J^r^aMO/'y^Landgranti 1st M..c*~4r 


Consol. mortgage for $4,195,000 e'*r 
Texas school fund Dec. 31,1 895 


1st M. (Eastern Dlv.'). gold, s.' f. red. at iflio 0* 


1,506 
505 

1,3*7 
1,387 


1875 
1888 
1888 


100 
1,000 
1,000 
1,000 

i'.ooo 

""50 
500 &o. 
1,000 
500 40. 

100 
100 
1,000 
1,000 
1,000 


6g. 

if: 

T g - 


M. 4 8. 
J. 4 D. 
Men. 1. 

j! 4 j! 


N.Y.,Merc.Tr.Co.4 Phil, 
do do 
None paid. 


Moh. 1, 1905 
June 1, 2OOO 
Deo. 1, 2000 
1897-'98. 
July 1, 1938 
Jan. 1, 1943 


2doonsol. M. ($25,000,000), gold (see rem.) 0* 


Texas Sabine Tal.it ff. W. 1st M. $12,OOO p.m., g..o 
General mortgage. $17.5OO per mile 


38 


1888 
1893 


Jan., '93, coup, last pd. 


Tioga SR. Stock ($189,700 Is preferred) 


46 
46 
7 
BORR 


1852 
1875 
1875 

AILWA 


r* 

7 

See text. 
5 per an. 

5g! 
6&7 


M. 4 N. 
A. 4 O. 
A. 4 O. 

Qi-J. 
J. 4 J. 
A. 4 O. 
J. 4 D. 

Quar. 


Phil.,NewboldVson40o 
Elmira.ChemungCo.Bk. 
do do 

N. Y., Central Trust Co. 
do do 
do do 
do do 
do do 


Nov. 1, 1915 
Oct. 1, 19O5 
Got 1, 1905 

Nov. 25, 1893 
July25,'96,li* 
July 1, 1935 
Oct. 1, 1935 
June 1, 1935 
See text. 




Elmlra State Line Railroad 1st mortgage, guar.. 
tUedo Ann Arbor <t North M iehigan SEE ANN AR 


S.2 2 tO CCWrCW t-O 






1st M , g.. limited to $3,000.000 (V. 53, p. 436)... 
Western Dlv. Istmort. for $2,500,000, gold.... c* 
General mortgage ($2,000,000), gold o* 


196 
Text. 
335 


1885 

1892 
1894 


Car trusts, Series 2, 5, 6, June 30, 1896 (prln'pal) 











Terre Hante Oc Peoria Kit. (See Map of Pennsylvania, KE .) 
Road operated from Terre Haute, Ind., via Deoatur, to Peoria, 111., I/a 
miles, of which 145 miles are owned and 28 miles is by trackage over 
other roads. From Oct. 1. 1892, leased for 99 years to the Terre Haute 
.& Indianapolis at rental of 30 per cent of gross earnings, with a mini- 
mum sufficient to pay Interest on debt. See V. 55, p. 766. Lessee owns 
9544,200 preferred and $1,388,000 common. 

COMMITTEE. Interest due Sept. 1, 1896, was not paid. Bond- 
holders' Committee-Chairman, Mark T. Cox, James A. Blair, James 
W. Paul, Jr. Depositaries, N. Y. Security & Trust Co. N. Y., and 
Drexel A Co., Phfla. A majority of bonds has been deposited and suit 
brought for the appointment of a receiver. 

The consols [Union Trust Co., N. Y.. trustee] carry the guaranty of 
the T. H. & Indianapolis. In year ending Oct..31, 1896, lessee reports 
gross, $403,559; net, $18,663; rentals to T. H. 4 P., $121.068; balance 
loss to lessee, $102,405. In 1894-95, gross earnings, $445,483; net, 
467,543. (V. 63, p. 27, 407, 516, 716, 924.) 

Tebnantepec National 1C). (Mexico) SeeV. 63, p. 31. 

Texas Central. ROAD Rims from Ross, in MeLennan Co. to Albany, 
Tex., etc., 186 miles. This mil mm/ company in January, 1893, took 
over the railway company's main line sold in foreclosure April 22. 
1891. The new mortgage provides for old liabilities, betterments and 
future extensions. On Jan. 1, 1896, $250,000 additional firsts were 
Jield In treasury. 

Dividend* mi Preferred. In 1896, Jan.