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Poor's Manual of Railroads - Google Books
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font-size: 1em; } .flow .pagebreak { page-break-before: always; } .flow p { text-align: left; text-indent: 0; margin-top: 0; margin-bottom: 0.5em; } .flow .gstxt_sup { font-size: 75%; position: relative; bottom: 0.5em; } .flow .gstxt_sub { font-size: 75%; position: relative; top: 0.3em; } .flow .gstxt_hlt { background-color: yellow; } .flow div.gtxt_inset_box { padding: 0.5em 0.5em 0.5em 0.5em; margin: 1em 1em 1em 1em; border: 1px black solid; } .flow div.gtxt_footnote { padding: 0 0.5em 0 0.5em; border: 1px black dotted; } .flow .gstxt_underline { text-decoration: underline; } .flow .gtxt_heading { text-align: center; margin-bottom: 1em; font-size: 150%; font-weight: bold; font-variant: small-caps; } .flow .gtxt_h1_heading { text-align: center; font-size: 120%; font-weight: bold; } .flow .gtxt_h2_heading { font-size: 110%; font-weight: bold; } .flow .gtxt_h3_heading { font-weight: bold; } .flow .gtxt_lineated { margin-left: 2em; margin-top: 1em; margin-bottom: 1em; white-space: pre-wrap; } .flow .gtxt_lineated_code { margin-left: 2em; margin-top: 1em; margin-bottom: 1em; white-space: pre-wrap; font-family: monospace; } .flow .gtxt_quote { margin-left: 2em; margin-right: 2em; margin-top: 1em; margin-bottom: 1em; } .flow .gtxt_list_entry { margin-left: 2ex; text-indent: -2ex; } .flow .gimg_graphic { margin-top: 1em; margin-bottom: 1em; } .flow .gimg_table { margin-top: 1em; margin-bottom: 1em; } .flow { font-family: serif; } .flow span,p { font-family: inherit; } .flow-top-div {font-size:83%;}</style><div id='flow-top-div' class='flow-top-div'> <!-- Content from Google Book Search, generated at 1732709350883167 --> <div class='flow' style=''> <a class='page' id='RA1-PA951'></a> <div class='gtxt_body'> <p class='gtxt_body' style='text-indent:1em;'>Detailed statement of earnings and expenses for the year ending Nov. 30, 1882:</p> </div> <div class='gimg_body'> <img height="218" width="349" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA951&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U1IkLdn3nP2qGunYi0uEsnFf-PUcA&edge=0&edge=stretch&ci=60,207,869,542" alt="[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]" /></div> <div class='gimg_body' style='float: right; margin-left: 1em;'> <img height="40" width="185" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA951&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U1IkLdn3nP2qGunYi0uEsnFf-PUcA&edge=0&edge=stretch&ci=470,742,459,98" alt="[blocks in formation]" /></div> <div class='gtxt_body'> <p class='gtxt_body'>the entire issue) Seattle Coal and Transportation Co...... $575,000 Capital Stock (being the entire issue) Columbia and Puget Sound RR. Co.... $1,969,900 out of $2,000,000 Capital Stock Pacific Coast Steam</p> <p class='gtxt_body'>ship Co. (including ownership $10,900,700 66 Pacific Coast Railway Co.)...</p> <p class='gtxt_body'>Four Steam Colliers...</p> <p class='gtxt_body' style='text-indent:1em;'>170,000 acres of land in Palouse</p> <p class='gtxt_body'>and Powder River Valleys...</p> <p class='gtxt_body gtxt_lineated'>San Francisco Coal Dock and <br/> Wharf <br/></p> <p class='gtxt_body' style='text-indent:1em;'>Flumes and Saw Mills.......</p> <p class='gtxt_body' style='text-indent:1em;'>Other Real Estate......</p> <p class='gtxt_body'>Additional construction during year:</p> <p class='gtxt_body' style='text-indent:1em;'>Pacific Coast Ry. Co...$605,225 00</p> <p class='gtxt_body' style='text-indent:1em;'>Completi'n S.S." Queen</p> </div> <div class='gimg_body'> <img height="97" width="348" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA951&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U1IkLdn3nP2qGunYi0uEsnFf-PUcA&edge=0&edge=stretch&ci=62,1150,867,239" alt="[blocks in formation]" /></div> <div class='gtxt_body'> <p class='gtxt_body' style='text-indent:1em;'>For the purpose of liquidating the existing floating debt it is proposed to increase the capital stock of the company to $7,000,000, the increase to be offered to the bondholders, at the rate of 4 shares for each $1,000 bond. Whatever portion of</p> </div> </div> <!-- Content from Google Book Search, generated at 1732709350892162 --> <div class='flow' style=''> <a class='page' id='RA1-PA952'></a> <div class='gtxt_body'> <p class='gtxt_body'>the new issue shall not be subscribed for by the bondholders, will be offered to the stockholders at par.</p> <p class='gtxt_body'>Funded debt consists of 1st mortgage (on all the Co.'s property) 6 per cent. 30year sinking fund bonds, due December 1, 1910, interest June and Dec., $5,000,000. Income Account year ending November 30, 1882.</p> </div> <div class='gimg_body'> <img height="102" width="354" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA952&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U0zwyA5stc8SOiBl7BsDu-t5N_3Qw&edge=0&edge=stretch&ci=69,281,882,253" alt="[merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]" /></div> <div class='gtxt_body'> <p class='gtxt_body gtxt_lineated'>Net earnings for year ending November 30, 1882... <br/>Add amount of unemployed cash November 30, 1881... <br/></p> </div> <div class='gimg_body' style='float: left; margin-right: 1em;'> <img height="48" width="229" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA952&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U0zwyA5stc8SOiBl7BsDu-t5N_3Qw&edge=0&edge=stretch&ci=82,584,568,118" alt="[blocks in formation]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Sinking fund due December 1....</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>.$1,215,659 11</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>32,381 27- 119,994 66</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>$1,095,664 45</p> <p class='gtxt_body' style='text-align:right;'>657,537 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>.$1,753,201 45</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>.$150,000 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>25,000 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>150,000 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>25,000 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>To complete the steamer "Queen of the Pacific". <br/>For extension and equipment of the Pacific Coast Rail- <br/> way and construction of warehouses along its line... <br/>Enlargement of wharves at Southern California Coast <br/> Landings. <br/></p> <p class='gtxt_body gtxt_lineated'>Renewals and betterments on steamships of P.C. S. S. Co. <br/>Enlargement of coal mining operations.. <br/>New steamship dock at Seattle.... <br/></p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>308,000 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>605,225 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>83,100 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>101,000 00</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>70,200 00</p> </div> <div class='gtxt_body'> <p class='gtxt_body' style='text-align:right;'>44,988 00- 1,562,513 00</p> </div> <div class='gimg_body' style='float: right; margin-left: 1em; margin-bottom: 1.5em;'> <img height="10" width="79" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA952&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U0zwyA5stc8SOiBl7BsDu-t5N_3Qw&edge=0&edge=stretch&ci=755,907,194,21" alt="[blocks in formation]" /></div> <div class='gtxt_body'> <p class='gtxt_body gtxt_lineated'> Balance available resources November 30, 1882. <br/> Directors.-A. H. Holmes, New York, N. Y.; Wm. Endicott, Jr., Boston, Mass. ; <br/>Geo. M. Pullman, Chicago, Ill.; J. N. Dolph, C. H. Prescott, Henry Failing, C. H. <br/>Lewis, C. J. Smith, S. G. Reed, Portland, Oreg. <br/></p> <p class='gtxt_body gtxt_lineated'>C. H. PRESCOTT, President and Gen. Manager.......... Portland, Oreg. <br/>A. H. Holmes, Vice-President... <br/> .New York, N. Y. <br/></p> </div> <div class='gimg_body' style='width: 20%; margin-left: auto; margin-right: auto; margin-bottom: 1.5em;'> <img height="5" width="34" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA952&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U0zwyA5stc8SOiBl7BsDu-t5N_3Qw&edge=0&edge=stretch&ci=429,1080,82,9" alt="[blocks in formation]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>Treasurer-Horace White......New York, N. Y. Gen Supt.-J. L. Howard.. <br/>Secretary-T. H. Tyndale <br/> Comptroller-C. J. Smith.. <br/> Portland, Oreg. <br/></p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Asst. Secretary-Joseph Simon</p> <p class='gtxt_body'>PRINCIPAL OFFICE AND ADDRESS.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>Portland, Oreg.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>Portland, Oreg.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Transfer Office.... ..Farmers' Loan and Trust Co., New York, N. Y.</p> </div> <div class='gtxt_body'> <p class='gtxt_body'>THE ALABAMA, NEW ORLEANS, TEXAS AND PACIFIC JUNCTION RAILWAYS CO., LIMITED.</p> <p class='gtxt_body' style='text-indent:1em;'>This is an English corporation, having a capital stock consisting of £2,500,000 deferred or B shares (of £10 each), and $1,500,000 preferred or A shares (of £10 each); also, £1,000,000 debentures authorized, but none as yet issued.</p> <p class='gtxt_body' style='text-indent:1em;'>The preferred (A) shares are entitled to preference in capital and a cumulative preferential dividend of 6 per cent. over the B shares.</p> </div> </div> <!-- Content from Google Book Search, generated at 1732709350899911 --> <div class='flow' style=''> <a class='page' id='RA1-PA953'></a> <div class='gtxt_body'> <p class='gtxt_body' style='text-indent:1em;'>The company owns a controlling interest in the following railroads in the United States, viz.:</p> </div> <div class='gimg_body'> <img height="29" width="343" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA953&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U2lTRKAPa9E3WrJVyy87PyGFAmMQg&edge=0&edge=stretch&ci=70,224,854,70" alt="[merged small][merged small][merged small][merged small][merged small][ocr errors]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>And in the Cincinnati, New Orleans and Texas Pacific Ry. Co., lessee of</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body'>the Cincinnati Southern RR..</p> </div> <div class='gimg_body' style='float: right; margin-left: 1em;'> <img height="18" width="78" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA953&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U2lTRKAPa9E3WrJVyy87PyGFAmMQg&edge=0&edge=stretch&ci=704,315,193,41" alt="[merged small][merged small][merged small][ocr errors]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Aggregate mileage controlled by the company.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>The Alabama Great Southern RR. (separate organization)..</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>.1,150 miles.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body'>Whole system is under one management, although the Alabama Great Southern is maintained as a separate organization.</p> <p class='gtxt_body' style='text-indent:1em;'>The Vicksburg, Shreveport and Pacific is under contract to be finished its full length by January 1, 1883; the New Orleans and Northeastern is also under contract, and will be completed probably very soon thereafter.</p> <p class='gtxt_body'>Directors.-Roger Eykyn, Chairman; Augustus B. Abraham, R. Jacomb Hood, Geo. W. Medley, Charles Schiff, F. L. Slous, Charles L. Young, London, England. R. V. TOMLINSON, Secretary.. .9 Draper's Gardens, London.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body'>RICHMOND AND WEST POINT TERMINAL RAILWAY AND WAREHOUSE CO.</p> <p class='gtxt_body' style='text-indent:1em;'>The Terminal Company was incorporated by the State of Virginia by an act passed March 8, 1880, with an authorized capital of $5,000,000. The object of its incorporation was to acquire, in the interest of the Richmond and Danville Railroad Company, railroads and other properties, which the latter by its charter could not directly acquire. The Terminal Co. was authorized to acquire, by purchase or otherwise, stocks and bonds of railroad companies in the States of North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Alabama, Mississippi, and other States, and was vested with all powers necessary to such purposes. Amendments to its charter allowed it to increase its capital stock without limit, to consolidate with other companies, and to change its name, when desired, to that of the “ RICHMOND, Danville AND SOUTHERN RAILWAY COMPANY." The capital stock of the company on July 21, 1881, was $3,000,000. On December 29, 1881, it was increased to $5,000,000; and on March 30, 1882, to $15,000,000—the additional $10,000,000 in this case being sold to stockholders of the company at $25 per share, realizing $2,500,000 on the increase, and making $7,500,000 as the amount realized on the $15,000,000 capital stock, which was issued as full-paid stock. Of the present $15,000,000 capital, the Richmond and Danville RR. Co. owns a majority, or $7,510,000.</p> <p class='gtxt_body' style='text-indent:1em;'>The following are the lines of railway, with their routes and mileage in operation, controlled by the Terminal Company November 30, 1882:</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Cheraw and Chester Narrow-Gauge RR.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>Columbia and Greenville RR.: Columbia, S. C., to Greenville, S. C.. <br/>Laurens RR.: Newberry, S. C., to Laurensville, S. C....... <br/>Spartanburg, Union and Col'a RR.: Spartanburg, S. C., to Allston, S. C.. <br/>Asheville and Spartanburg RR.: Spartanburg, S. C., to Henderson, N. C.. <br/>Northeastern RR. of Georgia: Lula, Ga., to Athens, Ga....... <br/></p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>68.0</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>50.0 60.8"</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>Virginia Midland Ry.: Alexandria, Va., to Danville, Va., and branches.... 405.5 m. <br/>Western North Carolina RR.: Salisbury, N. C., to Paint Rock, Tenn... <br/>Charlotte, Columbia & Augusta RR.: Charlotte, N. C., to Augusta, Ga.... 191.0" <br/>Atlantic, Tenn. and Ohio RR.: Charlotte, N. C., to Statesville, N. C..... <br/>Chester and Lenoir Narrow-Gauge RR.. <br/></p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>206.0 "</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>47.0"</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>73.0"</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>29.0"</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>197.0 "</p> </div> <div class='gtxt_body'> <p class='gtxt_body' style='text-align:right;'>29.0</p> </div> </div> <!-- Content from Google Book Search, generated at 1732709350906839 --> <div class='flow' style=''> <a class='page' id='RA1-PA954'></a> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>Knoxville and Augusta RR.: Knoxville, Tenn., to Marysville, Tenn... <br/>Richmond and Mecklenburg RR.: Keysville, Va., to Chase City, Va.. <br/>Georgia Pacific Ry.. <br/></p> <p class='gtxt_body' style='text-indent:1em;'>Total mileage in operation November 30, 1882.....</p> </div> <div class='gimg_body' style='float: right; margin-left: 1em;'> <img height="47" width="51" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA954&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U3m0Kil35JOd5AhmmaMcQVzrDYIRA&edge=0&edge=stretch&ci=817,163,124,114" alt="[merged small][ocr errors][merged small][merged small]" /></div> <div class='gtxt_body'> <p class='gtxt_body' style='text-indent:1em;'>The Terminal Company also controls the Georgia Pacific Ry., now under construction from Atlanta, Ga., westwardly, and owns the franchises of Rabun Gap Short Line RR., which is intended to cover a line from Knoxville, Tenn., to Athens, Ga. The way in which control was obtained and the amount paid in each case can be seen by referring to the MANUAL for 1882.</p> <p class='gtxt_body' style='text-indent:1em;'>The following statements are all that the company furnished concerning its operations and condition:</p> </div> <div class='gimg_body'> <img height="126" width="352" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA954&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U3m0Kil35JOd5AhmmaMcQVzrDYIRA&edge=0&edge=stretch&ci=69,450,877,312" alt="[blocks in formation]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Capital Stock (Par value, $15,000,000).</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>Terminal Trust Notes, 6 per cent., due January, 1885. <br/>Less unissued.... <br/></p> <p class='gtxt_body'>The Company has invested the following securities and property, viz.:...</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Stocks and Bonds.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body'>$1,668,553 Virginia Midland Ry. 6 per cent. Accum. Income Bonds..... 3,579,833</p> <p class='gtxt_body' style='text-indent:1em;'>1,720,000 Western North Carolina RR. Bonds..</p> </div> <div class='gtxt_body'> <p class='gtxt_body' style='text-align:center;'>Common Stock..</p> </div> <div class='gimg_body' style='float: left; margin-right: 1em;'> <img height="21" width="233" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA954&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U3m0Kil35JOd5AhmmaMcQVzrDYIRA&edge=0&edge=stretch&ci=86,910,579,50" alt="[merged small][ocr errors][merged small][merged small][ocr errors][ocr errors][ocr errors][merged small][ocr errors][merged small]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>.$2,000,000</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>400,000</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>$7,500,000</p> </div> <div class='gtxt_body'> <p class='gtxt_body' style='text-align:right;'>1,600,000 $9,100,000</p> </div> <div class='gimg_body'> <img height="190" width="346" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA954&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U3m0Kil35JOd5AhmmaMcQVzrDYIRA&edge=0&edge=stretch&ci=69,955,862,473" alt="[merged small][merged small][ocr errors][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][ocr errors][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small]" /></div> </div> <!-- Content from Google Book Search, generated at 1732709350914184 --> <div class='flow' style=''> <a class='page' id='RA1-PA955'></a> <div class='gtxt_body'> <p class='gtxt_body' style='text-indent:1em;'>The company declines to state the amount paid in each case for the several properties held by it, and will only give their aggregate cost.</p> <p class='gtxt_body' style='text-indent:1em;'>To secure the above $2,000,000 trust notes the company has pledged the following of its assets above enumerated:</p> </div> <div class='gimg_body' style='float: left; margin-right: 1em; margin-bottom: 1.5em;'> <img height="113" width="220" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA955&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U2wJq1T9MY_RoZfZ-7eC9AjcRl3Vg&edge=0&edge=stretch&ci=61,283,547,280" alt="[merged small][merged small][ocr errors][merged small][merged small][ocr errors][merged small][ocr errors][ocr errors][ocr errors][merged small][ocr errors][merged small][merged small][merged small][ocr errors][ocr errors][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Total..</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>66</p> </div> <div class='gimg_body' style='float: right; margin-left: 1em;'> <img height="121" width="92" src="https://books.google.com.sg/books/content?id=QLcvAQAAMAAJ&output=html_text&pg=RA1-PA955&img=1&zoom=3&hl=en&q=%222636050%22&cds=1&sig=ACfU3U2wJq1T9MY_RoZfZ-7eC9AjcRl3Vg&edge=0&edge=stretch&ci=693,261,227,300" alt="[blocks in formation]" /></div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>.$17,764,600</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>$3,888,090</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>The valuation" given to each item of the above securities pledged means merely the amount upon the payment of which the company may withdraw such securities from the trust.</p> <p class='gtxt_body' style='text-indent:1em;'>Directors.-W. P. Clyde, New York; T. M. Logan, A. S. Buford, Richmond, Va.; Robt. Harris, John A. Rutherford, M. Bayard Brown, New York.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>W. P. CLYDE, President...</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>T. M. Logan, Vice-President.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-align:right;'>.New York. ...Richmond, Va.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>General Agent-W. R. Trigg.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>.New York.</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body' style='text-indent:1em;'>Transfer Agent-Union Trust Co.....</p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>Treasurer-D. P. Morton <br/> New York. <br/>Registrar of Transfers-Central Trust Co., " <br/> . West Point, Virginia. <br/> .20 Nassau Street. <br/></p> </div> <div class='gtxt_body' style='margin-bottom: 1.5em;'> <p class='gtxt_body gtxt_lineated'>PRINCIPAL OFFICE AND ADDRESS.. <br/>New York Office.. <br/></p> </div> <div class='gtxt_body'> <p class='gtxt_body' style='text-indent:1em;'>MANHATTAN BEACH COMPANY.</p> <p class='gtxt_body' style='text-indent:1em;'>This company was organized for the purpose of consolidating the interests of the Manhattan Beach Improvement Co. (capital stock, $1,000,000; funded debt, 1st mortgage 7 per cent. bonds, $1,000,000), Marine Railway Co. (capital stock, $50,000), and New York and Manhattan Beach Railway Co. (capital stock, $800,000; funded debt, 1st mortgage bonds, $500,000; 2d mortgage bonds, $300,000; New York, Bay Ridge and Jamaica RR. guaranteed stock, $300,000, and mortgage bonds, $200,000-total, $1,300,000). The company operates 21.5 miles of road, consisting of the Marine Ry., 2.5 miles, and the New York and Manhattan Beach Ry., 19 miles. The N. Y. & M. B. RR. is leased for 99 years from May 1, 1882, to the Long Island RR. Co., at an annual rental of 35 per cent. of its gross earnings, guaranteed to equal $92,500 yearly. The earnings of the consolidated properties for 1882 were: N. Y. & M. B. Ry., $92,500; Manhattan Beach Improvement Co., $112,989.05; Marine Ry., $43,966.35-total, $249,455.40. Operating expenses, $68,556.74; fixed charges, $157,500; surplus, $23,398.66. Capital stock, $5,000,000, which was exchanged for the securities of the old companies, as follows: For $500,000 N. Y. and Manhattan Beach common stock, $1,000,000; for $300,000 preferred ditto, $600,000; for $300,000 2d mortgage bonds of the same company, $600,000; for $1,000,000 Manhattan Beach Improvement Co. stock, $2,500,000; for $50,000 Marine Ry. Co. stock. $300,000. Directors: Austin Corbin, J. R. Maxwell, H. W. Maxwell, W. G. Wheeler, New York, N. Y.; Charles L. Flint, J. B. Upham, Boston, Mass.; G. S. Moulton, West Randolph, Vt. AUSTIN CORBIN, President; J. R. Maxwell, Vice-President; G. S. Moulton, Secretary and Treasurer.</p> </div> </div> </div> </div></div><a id="legacy-text-prev" style="font-size:80%;float:left;margin:2px 2px 2px 12px" href=https://books.google.com.sg/books?id=QLcvAQAAMAAJ&pg=RA1-PA949&focus=viewport&dq=%222636050%22&output=html_text>« Previous</a><a id="legacy-text-next" style="font-size:80%;float:right;margin:2px 12px 2px 2px" href=https://books.google.com.sg/books?id=QLcvAQAAMAAJ&pg=RA1-PA958-IA1&focus=viewport&dq=%222636050%22&output=html_text#c_top>Continue »</a></div></td></tr></table></div></div></div></div></div><script>(function() {var href = window.location.href;if (href.indexOf('?') !== -1) {var parameters = href.split('?')[1].split('&');for (var i = 0; i < parameters.length; i++) {var param = parameters[i].split('=');if (param[0] == 'focus') {var elem = document.getElementById(param[1]);if (elem) {elem.focus();}}}}})();</script>