Abbildungen der Seite
PDF
EPUB

CLEVELAND AND MAHONING RAILROAD.

Line of Road.-Cleveland (Lake Erie), O., to Youngstown, Branch: Youngstown, O., to Hubbard Coal Mines...

[merged small][merged small][ocr errors]

.80.18 miles.

Total length of main and branch lines.... Sidings, turnouts, etc., 9.03 miles. Gauge, 4 feet 10 inches. Rail, 50 to 56 lbs. to yard. Leased to Atlantic and Great Western Railway Company for 99 years from October 1, 1863, and operated under the name of Mahoning Branch. Lessees have laid a third rail between Leavittsburg and Cleveland, 48.92 miles, for the accommodation of their wide cars, and thus form a through 6-feet gauge from New York to Cleveland, 629 miles. Rental under the lease, $22,839 33, monthly in advance, from which interest, sinking fund and 4 per cent. semi-annual (May and November) dividends are paid. This lease has been assumed by the Erie Railway Company as lessees of the Atlantic and Great Western Railway, and has been regularly paid.

General Balances.-Capital stock, $2,056,750; funded debt, (1st mortgage, 7 per cent. bonds, due August 1, 1873, $850,000; 2d mortgage, 7 per cent. bonds, due September 15, 1864, $100,000; 3d mortgage, 8 per cent. bonds, due September 15, 1876; and Hubbard Branch, 1st mortgage, 7 per cent. bonds, $147,500). Per contra: Cost of road and equipment, $3,320,236 51; bonds held by sinking fund, $296,300.

JOSEPH PERKINS-President.....

. Cleveland, Ohio.

[ocr errors]

George Mygatt-Secretary and Treasurer.. PRINCIPAL OFFICE AND ADDRESS........ Cleveland, Cayuga County, Ohio.

CINCINNATI, SANDUSKY AND CLEVELAND RAILROAD.

[Chartered as Mad River and Lake Erie Railroad, January 5, 1852; by decree of Erie County Court Common Pleas, name changed in February, 1858, to Sandusky, Dayton and Cincinnati Railroad; reorganized May 3, 1866, under name of Sandusky and Cincinnati Railroad; leased for 99 years to Cincinnati, Dayton and Eastern Railroad Company, October 18, 1866, at an annual rental of $125,000; lease surrendered by mutual agreement, and surrender confirmed by decree of County Court, January 9, 1868, and name changed to Cincinnati, Sandusky and Cleveland Railroad.]

Line of Road.-Dayton (60 m. N. Cinc.), O., to Sandusky (L. Erie), O..155 miles. Branch: Carey (50 m. S. Sandusky), O., to Findlay, O...................... 16

Total length of main and branch lines owned by Company..... .171 miles. Sidings, etc., 19.72 miles. Gauge, 4 ft. 10 inches. Rails, 56 (on branch 45) lbs. to yard. Road operated: Springfield and Columbus (Springfield to London)............20 miles. The Company run their cars to and from Cincinnati over the Cincinnati, Hamilton and Dayton Railroad. No compensation for use of the Springfield and Columbus Railroad other than repairs has heretofore been paid.

Rolling Stock (June 30, 1889).-Locomotives, 25; and cars (passenger, 21; sleeping, 3; smoking and mail, 3; baggage and smoking, 2; baggage and express, 7; freight, viz.: box, 36; stock, 63, and flat, 151), 586. Also, service cars (hand, 48, and push, 19), 67.

Operations (year ending June 30, 1869).-Trains run, 559,259 miles. Freight

moved (through, 56,437, and way, 156,159), 212,596 tons. Gross earnings (passenger, $229,054 72; freight, $479,779 31; mail, $21,300; express, $40,394 73; car mileage, $21,145 10, and miscellaneous, $3,795 14), $795,469; and expenses (ordinary and renewals), $650,064 21; nett earnings, $145,404 79. Interest on bonds and preferred stock, $168,234 50.

General Balances (July 1, 1869).—Capital stock (common, $2,757,750, and preferred, 6 per cent., $428,646 44), $3,186,396 44; funded debt (mortgage bonds-San., Day. Cinc. 6 p. c. of 1866, due Aug. 1, 1900, $988,000; Cin., Day. and Eastern, 7 p. c. of 1866, $30,000; Sandusky City and Indiana 7 p. c. of 1852, due September 1, 1877, $350,000, and Cinc., Sand. and Cleveland 7 p. c. of 1867, due Dec. 1, 1890, $1,035,059), $2,401,056; balance, profit and loss, $232,212; interest (on bonds, $25,892 92, and on pref. stock, $3,694 03), $29,586 95; bills payable, 46,721 07; taxes, 6 mos., $8,000; pay-rolls, $27,541 25; individuals, $43,316 08.

Per contra: Railway, $5,700,000; materials, $74,348 31; bills, $900; stocks and bonds, $106,965; dues from companies, agents and P. O. Department, $18,081 81; insurance, $5,550; offsets to claims, $2,573 25, cash, $6,038 20; cash assets, $13,786 53; sinking fund, $47,486 69. Total, $5,975,729 79

Directors (elected October 20, 1869).-Rush R. Sloane, Sandusky, O.; Jacob W. Pierce, Israel M. Spelman, John C. Pratt and John S. Farlow, Boston, Mass.; Elisha C. Litchfield, New York City; William Wilshire and E. C. Hamblin, Cincinnati, O.; and John P. Thorpe, William G. Lane and George J. Anderson, Sandusky, O.

[merged small][merged small][merged small][ocr errors][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][ocr errors][merged small]

(Operated under lease of May 3, 1866, by the Cincinnati, Hamilton and Dayton Railroad Company.)

Line of Road.-Hamilton, O. (25 m. N. Cincinnati), to Richmond, Ind..42.00 miles. Sidings, etc., 2.55 miles. Gauge, 4 feet 10 inches. Rail, 56 lbs. to yard.

Rolling Stock (March 31, 1869).—Locomotives, 6; and cars (passenger, 3; baggage, mail and express, 4; and freight, 71), 78.

Operations (year ending March 31, 1869).—Gross earnings, (passenger, $50,895 49; freight, $43,789 13; mail and express, $6,723 89, and rents and mileage of cars, $3,519 91), $104,928 42; and operating expenses, including taxes, etc., $112,290 01; deficit, $7,261 59, to which must be added interest on bonds, $39,200, and deficit from previous years, $13,226 29, making a total deficit of $59,730 13, being the amount due to lessees, and in payment of which they accepted $65,000 in 2d mortgage 7 per cent. bonds, payable January 1, 1889.

General Balances (April 1, 1869).-Capital stock, $382,600; funded debt (1st mortgage 7 per cent. bonds, due July 1, 1895, $560,000, and 2d mortgage 7 per cent. bonds, due January 1, 1889, $65,000), $625,000; back interest unpaid, $2,089 50.

Per contra: Property (construction, $826,733 29; equipment, $120,451 98, and

real estate, $700), $947,885 27; and profit and loss, $61,804 23...Total, $1,009,689 50. Directors (elected May 11, 1869).-S. S. L'Hommedieu, John Young, John W. Ellis and Charles Davis, Cincinnati, O.; E. W. McGuire, Eaton, O.; Lowell Fletcher, H. D. Huntington, Larton Dunham, Cincinnati, O.; and William Beckett, Hamilton, O.

S. S. L'HOMMEDIEU-President.. John Young-Vice-President.... Secretary and Treasurer-Frederick H. Short. Assistant Superintendent-Lewis Williams. PRINCIPAL OFFICE AND ADDRESS..

..Cincinnati, O.

General Ticket Agent-Samuel Stevenson.
General Freight Agent-Lafayette Devenny.
Cincinnati, O.

CINCINNATI, HAMILTON AND DAYTON RAILROAD.

Line of Road.—Cincinnati, Ohio, to Dayton, Ohio (with third Rail).60.13 miles. Second track, 8.15, and sidings, 22.93 miles. Gauges, 4 feet 10 inches and 6 feet.

The wide track was laid to accommodate the cars of the Atlantic and Great Western Railroad between Dayton and Cincinnati. The Dayton and Michigan, and the Cincinnati, Sandusky and Cleveland Railroads use the narrow track between the same points; and the Cincinnati, Richmond and Chicago, and the Junction (Cincinnati and Indianapolis) Railroads between Hamilton and Cincinnati. The Dayton and Michigan, and the Cincinnati, Richmond and Chicago Railroads are operated by the Cincinnati, Hamilton and Dayton Railroad Company under lease. Their accounts are kept separately.

On the 28th of April, 1869, a contract was entered into with the Erie Railway Company, whereby the Cincinnati, Hamilton and Dayton Company, in consideration of the payment of the sum of $180,000, in monthly installments, granted to the Erie Company the exclusive use of the broad (6 feet) track of the former, with suitable depot facilities—the C., H. & D. Co. retaining their local traffic, but withdrawing from competition for the New York business. The C., H. & D. Co. are to move the trains and handle such freight as the Erie Company may require, but at the expense of the latter, in addition to the rental-the amount to be in proportion to the wheelage of the two parties, and paid monthly.

An arrangement has also been made with the Cincinnati, Sandusky and Cleveland Company, whereby the C., H. & D. Company receives the full local business of the former, giving in exchange therefor the business of the C., H. & D. Company to all local points on said C., S. & C. line, and uniting with the latter in a through eastern business. By agreement with the Dayton and Michigan Railroad, the C., S. & C. RR. is to have the preference to all points to which it forms the shortest line. On the other hand, all traffic west of their line, including Detroit and Canada, is not to be competed for by the Cincinnati, Sandusky and Cleveland Company.

Rolling Stock (April 1, 1869).-Locomotives, 33; cars-passenger, 31; mail, baggage and express, 13; freight, 483. Total, 522.

Operations for the year ending March 31, 1869.-Trains run (passenger, 255,063; freight, 220,742, and other, 33,611) 509.416 miles. Passengers carried, 642,583, and freight moved, 508,692 tons. Gross earnings (passenger, $437,626 75; freight, $696,691 52; mail and express, $32, 449 24; rents of track and depots, $40,815 97; mileage and rents of machinery, $1,521 23) $1,209,104 71; and expenditures (including

taxes, viz: State, $41,268 79, and National, $24,091 96) $776,909 91; nett earnings, $432,194 80. The total resources of the Company, including balance from previous year, $408,847 75, amounted to $841,042 25, and were disposed of as follows: interest on bonds, $144,030; general interest, $21,334 25; subscription to Junction RR., $5,000; collision damages, $17,075 31; dividends, 26 and 27, $350,000; surplus March 31, 1869, $303,602 69. The dividends were paid in script, the cash having been applied to the reduction of the floating debt.

Statement of the Operations of the Road for ten years:

Dividends.

Pas- Tons

Fiscal Train sen- of Gross Operating Nett Interest,
Years. Miles. gers. Frgt. Earnings. Expenses. Earnings. &c., &c.

[blocks in formation]

1859-60 374,124 375,709| 1860-61 332,987 479.937 276,193

1861-62

358.992 249,540

1862-63

441,250

1863-64

527.451

1864-65

542.539

1865-66

1866-67

1867-68 598.654 672,834 497,466 1.332 894 88 1868-69 475,805 642,583 508,692 1,209,104 91

$561,681 52 $300,523 87 $261,157 65 $97.899 73 $150,906 00
644.228 73 373.047 95 271.180 78 96.585 47 150,906 00
646,205 57 330,373 22
877.403 86 412,988 79
1,083.328 47 587.637 11
1,241.866 51 827,197 60,
606,053,412,847 1,361,566 47 912,196 51
1.301.536 67 909,735 79
812.920 11
776,909 91

[blocks in formation]

315,832 35 95.030 84
464.415 09 93.601 66
495,691 36 93.380 00
414,659 11 137,273 28
449.369 96 116,926 79
391,800 88 163.013 59
519.974 77 260,931 56
432,194 80 157,439 56

161,685 00
222,247 42 10
239.963 91
257,894 72
283,500 00 9
297.328 00 10
254,773 00 8
350,000 00 10sc.

772

59.116 51

148.566 01

10

162.347 45

9*

19,491 11

43.943 17

deficit. 4.270 27

deficit.

* Besides the regular cash dividend, a stock dividend of 20 per cent. was paid. General Balances (April 1, 1869).-Capital stock, $3,500,000; funded debt, $2,032,000; surplus earnings, $303,602 69; coupons and dividends unclaimed, $19,445 16; dividend, No. 27, $175,000; dues (to other Companies, $75,259 08; to individuals, $70,879 31, and to United States, $11,048 86) $157,187 25; pay-rolls, $64,917 57; bills payable, $319,962 43.

Per contra: Property (road, etc., $3,969,034 80, equipment, $995,750 96 and real estate, $330,608 97) $5,295,394 13; materials, $198,090 03; wood-lands, $12,540; bills, $8,405 69; stocks and bonds, $802,745 54; dues (from other Companies, $36,360 38; from individuals, $26,063 88, and from P. O. Department, $6,712 50) $69,136 76; cash and cash assets, $78,653 86; D. & M. RR. lessors' account, $107,148 49. $6,572,115 10.

Bonds of the Company outstanding at date:

Total,

.$1,250,000

1st mortgage 7 per cent. bonds of 1863, interest May and November, due May 1, 1880.
2d mortgage 7 per cent. bonds of 1865, interest January and July, due July 20, 1885..
3d mortgage 8 per cent. bonds of 1867, interest June and December, due June 1, 1877.
Statement of the financial condition of the Company yearly for ten years.

[blocks in formation]

Directors (elected May 8, 1869).-S. S. L'Hommedieu, Cincinnati, O.; John W. Ellis, New York City; H. D. Huntington, Samuel Fosdick, John Young, George T. Stedman, William Goodman and Lowell Fletcher, Cincinnati, O.; and William Beckett, Hamilton, O.

[merged small][merged small][merged small][ocr errors][merged small][merged small]

Transfer Office.......American Exchange National Bank, New York City.

SPRINGFIELD AND COLUMBUS RAILROAD.

(Operated by Cincinnati, Sandusky and Cleveland Railroad Company.) Line of Road.-Springfield (25 m. N. Dayton), O., to London............ Side track, etc., 1.04 mile. Gauge, 4 feet 10 inches. Rail, 50 lbs. to yard.

.20 miles.

Sold under decree of U. S. District Court in May, 1868, and bought in by Jacob W. Pierce, of Boston, for $100,000. Cost of road as represented before sale (stock, $196,000, and 1st mortgage 7 per cent. bonds, due 1871, $150,000), $346,000. The operators have kept the road in repair, but hitherto have paid nothing to the owner for its use.

PEORIA AND BUREAU VALLEY RAILROAD.

(Leased to Chicago, Rock Island and Pacific Railroad Company.)

Line of Road.—Bureau Junction (114 miles W. Chicago) to Peoria, Ill..46 miles. Cost of road, $2,100,000. Capital stock, $1,500,000; and funded debt (1st mortgage 8 per cent. bonds), $600,000.

Rental under the lease $125,000 per annum.

PRINCIPAL OFFICE AND ADDRESS..

Peoria, Ill.

NEWBURYPORT RAILROAD.

(Leased to Boston and Maine Company for 100 years from Feb. 21,

to Mass.12.39

Lines of Road. {South Danvers, Mass., to Bradford, Mass.-14.50

1860.)

26.98 miles.

Sidings, turnouts, etc., 2.39 miles. Gauge, 4 feet 84 inches. Rail, 50 to 56 lbs. to yard. Operations.-Included in returns of Boston and Maine Company.

General Balances (December 1, 1869).-Capital stock, $220,340 02; funded debt,

« ZurückWeiter »