File:The Street railway journal (1894) (14572468990).jpg

Identifier: streetrailwayjo101894newy (find matches)
Title: The Street railway journal
Year: 1884 (1880s)
Authors:
Subjects: Street-railroads Electric railroads Transportation
Publisher: New York : McGraw Pub. Co.
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Smithsonian Libraries

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ses, etc.; and limited further to the maxi-mum of $25,000 per mile of said extensions and branch lines, and theproper proportions for less than a mile. Or the railway companymay issue bonds or other obligations to the said amount for the afore-said purpose without executing a mortgage to secure the same. Thecompany may also place a mortgage upon all its property real andpersonal provided that proper precaution is made for the exchange of$500,000 of bonds, or as many of them as may be issued and outstand-ing for bonds secured by such mortgage bond for bond. The company reserves the right to pay and redeem these deben-ture bonds upon thirty days notice, at any time before its maturity,on payment of 2j4 per cent, premium and accrued interest. Operation.—Year ending Sept. 30, 1892. 1893. Receipts from passengers $314,004 $332,224 other sources 4.469 5.433 total 318,473 337.657 Operating expenses 247,537 258,884 Earnings from operation , 70,936 78,773 AMERICAN STREET RAILWAY INVESTMENTS.
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AMERICAN STREET RAILWAY INVESTMENTS. Deductions from earnings. Interest charges. I5>9i2 Taxes 7.959 Net income 47,065 Dividends paid 28,000 7 64018,174 52,96070,000 To surplus account 19,065 Total surplus account 37,960 Per cent. O. E. to total receipts 78.0 dividends paid 8 Stock receiving dividends 350,000 Balance Sheet.—Date Sept. 30, 1893. Assets. Liabilities. Cost of road $937,564 Capital stock equipment 318,681 Funded debt a.... Cash assets 15.944 Other assets 259,626 def. 17,04016,34276.610 700,000 Bills payable b.Profit and loss. . If7oo,ooo150,000665,474 16,342 Total 1,531,815 Total 1,531,815 a. Since increased by $500,000 through issue of debentures. b. Since reduced by proceeds of debentures sold. Plant and Equipment.—Miles of main line 30.5, of sidings r, total track (electric) 31.5. Gauge, 4 ft. 8^2 in., 90 lb. girder; 63 motor cars, 62 trail cars. Lake Erie engines. Gen. Elec. dynamos and motors. Laclede, Jones and Stephenson cars. Officers.—Pres. Chas. B. Pratt

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