I*» MASTER NEGATIVE NO. 94-82309- 10 COPYRIGHT STATEMENT The copyright law of the United States (Title 17, United States Code) governs the malo9-/0 COLUMBIA UNIVERSITY LIBRARIES PRESERVATION DIVISION BIBLIOGRAPHIC MICROFORM TARGET MASTER NEGATIVE # ORIGINAL MATERIAL AS FILMED - EXISTING BIBLIOGRAPHIC RECORD Business D540 R248 Redmond, Kerr h oo., Nevf York» Street railv/ays of greater Nev/ York< cover-title, 67 p. fold, map. ccl8973 Finanoo . Ipoado - Novf Yorle - (City) -.* RESTRICTIONS ON USE: TECHNICAL MICROFORM DATA FILM SIZE: 1^7^^ TRACKING # : REDUCTION RATIO: /2 y IMAGE PLACEMENT: lA (© IB IIB DATE FILMED: f^-l3>-qM' INITIALS : ?b ^SH d)3am. FILMED BY PRESERVATION RESOURCES. BETHLEHEM, PA. 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I, ,1 • « 1 » till jjip II JIIIHII^I^II^^P^*' lUV U »^ " mam m^m Copyright 1897 BY REDMOND, KERR & CO. • * * »!.«»: I » » • « « J I * « t ( • t • I i I t * I I • t I » I ' > • • t I t • . • * * • • (I • » * » i : •• 1 1 i I * • * I • . « » • • » • • ••it 4 • * • 1 i > lit at • I I 1 «( I *■ t » « t t t > • • (I « ( • » « I • « • t • I 1 « • • ■ • I * \< .» » \ .y-i,' L " STREET RAILWAYS OF Greater New York The following description of the street railways of Greater New York has been carefully compiled, the figures and facts having been obtained from official sources wherever possible. The various railways have been ar- ranged in order according to the systems of which they form a part. In New York City proper the elevated rail- roads are all owned by one corporation. In Brooklyn there are two separate and distinct lines and companies. The surfacii roads in New York City proper are controlled by two systems. In Brooklyn the work of consolidation has not progressed so far, although proceeding rapidly. In Long Island City one corporation controls the various lines, and the suburban lines in the northern part of New York City are likewise controlled by one corporation. On Staten Island there are two competing companies. iflfl iif «B«i«»%iStfKa«y^^ INTENTIONAL SECOND EXPOSURE Copyright 1897 BY REDMOND, KERR & CO. 1 1 * i I ( t t « ( • « , 1 « I t ■ J It* • t • • « t ( • • • • • » / « • • 1 » ,» ' < > i 1 * • « t « • • • • • «1 k • • ' I ( » • ( ( * * * • • t ( 1 I I < ( I I * • * I < * I • « t • ifififiiftiiiTit?rfi'r"ri'"f"- •y ( \ STREET RAILWAYS OF Greater New York The following description of the street railways of Greater New York has been carefully compiled, the figures and facts having been obtained from official sources wherever possible. The various railways have been ar- ranged in order according to the systems of which they form a part. In New York City proper the elevated rail- roads are all owned by one corporation. In Brooklyn there are two separate and distinct lines and companies. The surface roads in New York City proper are controlled by two systems. In Brooklyn the work of consolidation has not progressed so far, although proceeding rapidly. In Long Island City one corporation controls the various lines, and the suburban lines in the northern part of New York City are likewise controlled by one corporation. On Staten Island there are two competing companies. "-^ c 2 STREET RAILWAYS METROPOLITAN STREET RAILWAY COMPANY. Organized in 1893; a consolidation of various existing street railways in New York City ; capital stock, $30,000,000; for a number of years the operating company of the Metro- politan Traction Company, a company incorporated August 4, 1892, as successor to a company of the same name, chartered under the laws of New Jersey. The Traction Company was organized for the purpose of forming an ex- tensive system of street railroads in New York City by the purchase, consolidation and improvement of existing lines. To attain this object the company bought and leased old lines, obtained new franchises, and by connecting established lines formed new routes of travel, making it possible to travel from one part of the city to any other part by the payment of a single fare. At present there are operated under its system 9.08 miles of electric road, 157-55 miles of horse road and 23.03 miles of cable road. Total, 189.66 miles. Nearly one-half of this is owned in fee or held under lease with the additional security of ownership of two- thirds of the capital stock of lessor companies. The balance is held under long leases, in no case less than 99 years. By substituting mechanical traction for horse power, the com- pany reduced the cost of operating many of its lines very materially, the cost of operating the Broadway road hav- ing been reduced from ^6 per cent, to 38 per cent. In the matter of change of motive power, however, the Company proceeded slowly, believing it wise to wait until the best ^ OF GREATER NEW YORK. 3 method for a permanent system should be determined upon. With this end in view it utilized the best electrical and engineering talent. The experiment of operating the Lenox Avenue line by under-ground electricity has evidently proved successful, as the Fourth Avenue line has just been equipped with the under-ground electric system. The cost of operating the under-ground system is no greater than of operating the trolley system, and the increased cost of con- struction will be fully repaid by the superior wearing quali- ties of the under-ground system. The following extracts taken from the circular of January 16, 1896, of President Vreeland, will be of interest as showing the policy of the company ; " The policy now should be to proceed conservatively in ** the work of making changes of motive power, but it is " confidently believed and expected that every mile of the " system now operated by horses can be improved by the " substitution of mechanical traction within the next three " or four vears, in such a manner as to leave no doubt of " the excellent results to follow, and thus, in conjunction ^* with competent and economical management, serve to add ** very greatly to the earning capacity of the entire prop- ** erty." " It may, moreover, be said, in, a general way, that the ** policy of the directors throughout has been such as to " involve large immediate outlay, and even loss, to obtain ** permanent value and ultimate profit. For example, a " much cheaper lot could have been obtained for a down- " town power house than that which was purchased at the " corner of Broadway and Houston Street, but it was be- " lieved to be wiser to buy expensive property on Broad- " way itself, where tenants are more readily secured, and " improve it in such a way as to afford the space needed for •:!%,„ tt ti it n (( (( tt tt ti tt tt tt c< STREET RAILWAYS power under ground. The result was that the company was obliged to bear a heavy burden in 1894, when hardly any revenue was derived from the new building, but is now receiving $120,000 a year in rentals, thus obtaining space for its power and offices for a nominal sum." " The company is now bearing a like burden on Lexing- ton avenue, where the Broadway experiment is being re- peated. In this instance, all available space is utilized by erecting a large building to be leased for manufacturing purposes over the machinery in the cellar. The necessary room for power might have been obtained for much less cost ; but, when it is completed, the building will, it is be- lieved, yield the company, from its own income, a free rental." The Traction Company had an authorized capital stock of $30,000,000, par value $100, of which there was out- standing on September i, 1897, $28,366,600. In 1894, 1895 and 1896 dividends of 5 per cent, per annum were paid, and in January, April and July of 1897 dividends of i 1/4 per cent, each were paid. The franchises of the company are perpetual. In November, 1896, the directors of the Traction Com- pany, having concentrated in the Metropolitan Street Rail- way Company the various properties of the Traction Com- pany, and believing that the object of the organization of the Traction Company had been accomplished, voted to wind up its affairs. A meeting of the stockholders was held on September 14, 1897, to vote on the above proposi- tion and to devise the best method for dissolving the com- pany. It was decided that the entire assets of the Traction Company, consisting of the entire capital stock of $30,000,- 000 of the Metropolitan Street Railway Company and other OF GREATER NEW YORK. 5 property and securities valued at about $6,000,000, be dis- tributed as follows ; Each Traction stockholder to receive in exchange for his Traction stock an equal amount of Me- tropolitan Street Railway stock, share for share, and in ad- dition the street railway company is to issue to Traction Company stockholders /r^ rata 5 per cent, debenture obliga- tions to the amount of $6,000,000, interest to begin after the earning capacity of the property has received the benefit of expenditures now being made. The assets thus capitalized consist of about two-thirds of the capital stock of the Second Avenue Railroad Company, more than two-thirds of the cap- ital stock of the Central Crosstown Railroad Company, 600 bonds of the Metropolitan Crosstown Railroad Company and of the Broadway Surface Railroad Company ; about $1,700,000 in cash ; part of the stock of the Central Park, North & East River Railroad Company, also of the Forty- second Street «& Grand Street Ferry Railroad Company, and $270,000 worth of improved city real estate. It is expected that the improved facilities created will begin to earn in December, but as large development cannot be made for considerable time thereafter stockholders have agreed to forego interest upon the certificates of indebtedness until next summer. The constituent companies of the Metropolitan Street Railway are : Broadway Surface R. R. Houston, West St. & Pavonia Ferry R. R. South Ferry R. R. Lexington Ave. & Pavonia Ferry R. R. Columbus & Ninth Ave. R. R. Metropolitan Crosstown R. R. Chambers St. & Grand St. Ferry R. R. 6 STREET RAILWAYS Lines of road owned by the above companies are: Grand Central Station to Chambers St. Ferry 3-3^ Grand Street Ferry to Chambers St. Ferry 2.07 Vesey and Church Sts. to South Ferry .61 Broadway and Fifteenth St. to Bowling Green 2.51 Grand St. Ferry to 14th St. Ferry 328 Lexington Ave. line 6. 19 Ninth Ave. from 53d St. to iioth St 3-^^ Lenox Ave ' -^^ Branches ' -95 Second Track 24.79 4983 Lines leased are : Broadway & Seventh Ave. R. R "6.44 Twenty-third St. Ry 1784 Central Park, North & East River 25 .59 Eighth Ave. R. R 20. 00 Forty- second St. & Grand St. Ferry 8.66 Fulton St. R. R 2.00 New York & Harlem R. R 1932 Nmth Ave. R . R '5 • 26 Sixth Ave. R. R 8. 14 Thirty- fourth St. Crosstown Ry 174 Twenty-eighth & Twenty-ninth St. Crosstown Ry 4 85 139-84 Total operated 189.67 The direct bonded debt of the Metropolitan Street Rail- way is as follows : Metropolitan Crosstown Ry. first mortgage $% bonds, dated Apl, 1890. Due Apl., 1920. Int. A. and O $600,000 Second mortgage 5% bonds, dated May, 1890. Due May, 1900. Int. M. and N 3«>.o«> Lexington Ave. & Pavonia Ferry first mortgage $% gold bonds, dated Sept., 1893. Due Sept., 1993. Interest M. &S 5,000,000 Columbus & Ninth Ave. R. R. first mortgage. $% gold bonds, dated Sept., 1893. Due Sept., 1993. Int. M. &S 3,000,000 Metropolitan St. Ry. general mortgage & col. trust S% go'd bonds, dated Feb., 1897. Due Feb., 1997. Int. F. and A 12,500,000 $21,400,000 OF GREATER NEW YORK. T The first mortgage of the Metropolitan Crosstown Rail- way covers all the road, equipment, franchises, real estate, buildings and all other property now owned or hereafter acquired. Track extends from Grand Street Ferry, East River to Fourteenth Street Ferry, North River, 3.28 miles of double track. New York Security and Trust Company, trustee. The Metropolitan Crosstown Railway second mortgage provides for an income bond, and all bonds issued under it are now held in the treasury of the Metropolitan Street Railway Company, The first mortgage of the Lexington Avenue & Pavonia Ferry Railroad covers fifteen and a half miles of double track cable and underground electric road, as follows : From Broadway and 23d Street, on 23d Street to Lexing- ton Avenue ; thence on Lexington Avenue to 130th Street ; also on I i6th Street from East River to Morningside Park, and connection to Columbus & Ninth Avenue road at 109th Street, with perpetual right to run cars over the tracks of the Metropolitan Street Railway to Bowling Green at the foot of Broadway. The mortgage also covers one entire block of real estate at 99th Street and Lexington Avenue, with car-house and depot plot on the west side of Lenox Avenue, 200 feet by 201 feet ; also real estate and seven-story building on 25th street, known as the Lexington, which contains the power plant for the operation of the road. The real estate is valued as follows : Lexington Building, 25th and 26th Sts., Power-House. . . . $1,500,000 I i6th St. and Lenox Ave. property 350,000 99th and looth St. property 600,000 ♦2,450,000 Central Trust Company, trustee. 8 STREET RAILWAYS The Columbus & Ninth Avenue first mortgage covers five and a half miles of double track cable road, extendmg from 64th Street to i loth Street, with perpetual right to run cars over the tracks of the Metropolitan Street Railway to Bowling Green at the foot of Broadway. Guaranty Trust Company, trustee. The general and collateral trust mortgage of the Metro- politan Street Railway covers practically all the property of the company, being a first mortgage on the Houston, West Street & Pavonia Ferry Railroad, thirteen miles of track known as the Avenue C line, on the Fort Lee exten- sion of the Chambers Street & Grand Street Ferry Rail- road, on the power-house to be erected at 96th Street and First Avenue at a cost of $2,000,000, as well as on several other pieces of real estate situated in various parts of the city and valued at $500,000. As collateral security for the mort- gage there are deposited : 14,000 shares out of a total authorized issue of 21,000 shares of the Broadway & Seventh Avenue Railroad Company 10 per cent, guaranteed stock. 4,000 shares out of a total authorized issue of 7,500 shares of the Forty-second Street & Grand Street Ferry Rail- road Company's 18 per cent, guaranteed stock. 3,000 shares out of a total authorized issue of 18,000 shares of Central Park, North & East River Railroad Company's guaranteed stock. 9,900 shares out of a total authorized issue of 10,000 shares of the Thirty-fourth Street Crosstown Railway Company's stock. OF GREATER NEW YORK. As additional security the leases of the followmg com- panies are likewise pledged : Broadway & Seventh Avenue Railroad, Sixth Avenue Railroad, Twenty. third Street Railway, Eighth Avenue Railroad. Ninth Avenue Railroad Company, Bleecker Street & Fulton Ferry Rail- road, Fourth Avenue Railroad Company, Forty second Street & Grand Street Ferry, Central Park, North and East River Railroad. The surplus earnings accruing from these leases will be applicable as interest on this mortgage. A sum in excess of $8,000,000 was expended in acquiring the above stocks and in improvements not heretofore capitalized. Of the bonds secured by this mortgage $6,000,000 are reserved in the hands of the trustee to retire prior liens, or to be paid out as further expenditures are made. Guaranty Trust Company, trustee. The bonded debt of leased lines, interest on which is to be paid from the net earnings of the Metropolitan Street Railway, is as follows : Bleecker St. & Fulton Ferry R.R. first mortgage 7^ bonds.. $700,000 Broadway & Seventh Ave. first mortgage 5% bonds 1,500,000 Second mortgage s% bonds 500,000 Broadway Surface R.R. first mortgage $% bonds; guar, by B'way & 7th Ave. R.R i, 125,000 Second mortgage 5%" bonds; on second mortgage only; int. guar 1,000,000 South Ferry R.R. first mortgage $% bonds (guaranteed by B'way & 7th Ave. R.R.) 350.000 Broadway & Seventh Ave. R.R. consolidated mortgage $% gold bonds 7,650,000 Central Park, North & East River, first mortgage 7% bonds. . 1,200,000 Forty-second & Grand St.Ferry R.R. first mortgage 6% bonds. 236,000 Twenty-third St. Ry. first mortgage 6% bonds 250,000 Debenture 5^ bonds 150,000 Broadway Surface first mortgage S% bonds; guar, by Twenty. third St. Ry 375,ooo $15,036,000 Interest on above $794,660 10 STREET RAILWAYS In addition to the foregoing interest charges the Metro- politan Street Railway Company pays for leases of the various roads, as follows : Bleecker & Fulton St Ferry R .R $13,500 Broadway & Seventh Ave. R. R 210,000 Central Park, North & East River 144,000 Eighth Ave. R. R. 215,000 Forty-second & Grand St Ferry R. R 134,640 New York & Harlem — City Line 352,500 Ninth Ave. R.R 54«500 Sixth Ave. R. R 145,000 Twenty-third St. Ry 108,000 ♦1,377,140 The Broadway & Seventh Avenue Railroad assumed $1,125,000 of the first mortgage bonds and the interest on $1,000,000 of the second mortgage bonds of the Broadway Surface Railroad as well as the payment of $350,000 first mortgage bonds of the South Ferry Railroad ; $375,000 of the first mortgage bonds of the Broadway Surface Rail- road were assumed by the Twenty-third Street Railway. EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. Gross earnings. $9i436,334 00 Operating ; 4.810.235 35 Surplus $4,626,098 65 Less fixed charges 3, 186,975 74 Net earnings $1,439, '22 91 To which must be added interest on invest- ments now owned by the Metropolitan St. Ry. Co., but lormerly paid into the treasury of the Traction Co 98,690 61 1896. 57,963.480 4,011,932 ♦3.951.548 2,484,701 $1,466,847 5i.537.8i3 52 OF GREATER NEW YORK. 11 BALANCE SHEET OF SEPTEMBER 30, 1897. Assets. Cost of road and equipment, franchise and property 531,363,999 98 Additional real estate 1,031, 199 98 Investments in stocks and bonds of other companies 12,075,668 73 Due from leased lines, improvements 1,421,751 57 New construction account 2, 143,262 46 Materials and supplies 187,033 13 OflSce furniture. 13,231 43 Cash on hand $1,018,704 83 •Special deposit 1,400,000 00 ♦Deposits, trust companies 3.675,000 00 6,093,704 83 $54,329,852 II ♦Held for change of motive power Liabilities. Capital stock $30,000,000 00 Funded Debt, Consolidated Companies. Lexington Ave. mortgage $5,000,000 00 Columbus & Ninth Ave. mortgage 3,000,000 00 Met. Crosstown first mortgage 6oo,coo 00 Met. Crosstown second mortgage. 300,000 00 8,900,000 00 Metropolitan Street Railway general mortgage and col. trust. 12,500,000 00 Rentals accrued 283,855 00 Interest accrued 33»358 32 Accounts payable 475,217 13 Open accounts , 892,672 31 Profit and loss (surplus) 1,244,749 35 554,329.852 II Directors of Metropolitan Street Railway Com- pany. H. H. Vreeland, President; D. B. Hasbrouck, Vice- President; H. S. Beattie, Treasurer; Charles E. Warren, Secretary ; Henry A. Robinson, F. S. Pearson, A. H. Paget, Ralph L. Anderton, Jr., Thomas J. Brennan. 12 STREET RAILWAYS METROPOLITAN STREET RAILWAY SYSTEM. Bleecker Street & Fulton Ferry Railroad. A horse road, chartered 1864; leased on January 10, 1876, for 99 years to the Twenty-third Street Railway; lease assigned to the Metropolitan Street Railway ; double-track road extending from 23d Street and North River to Fulton Ferry and Union Square. Total track, I2J^ miles. Rental equivalent to 7 per cent, on bonds and 1% per cent, on stock. Motive power is now being changed to underground elec- tric system. Par. Interest. Outstanding. Maturity. Capital Stock $100 i}4 %]-&]* $900,000 First Mortgage Bonds... i,ooo 7%J. &J. 700,000 Jan. i, 1900 Mortgage covers all railroad, equipment, real estate, building and franchises and all other property now owned or hereafter acquired. METROPOLITAN STREET RAILWAY SYSTEM. Broadway & Seventh Avenue Railroad. Organized in 1864. In June, 1885, acquired the right to use the tracks of the Broadway Surface Railroad on Broadway, between 15th Street and the Battery. On June 10, 1890, leased to the Houston, West Street & Pavonia Ferry Railroad (lease assigned to the Metropolitan Street Railway) for a rental equivalent to interest on its bonds and 10 per cent, on $2,100,000 of capital stock. Owns 16.44 miles of track extending from 59th Street and Seventh Ave- nue to Barclay Street, and to Park Place and Broadway. Leases 6.24 miles. Total operated, 22.64 miles. Cable on OF GREATER NEW YORK. 13 Broadway between 59th Street and Battery ; remainder of road horse power. Par. Interest. Outstanding. Maturity. Capital Stock $100 10 % Quar. J. $2,icx>,ooo First Mortgage Bonds 1,000 5 % J. & D. 1,500,000 June, 1904 Second Mortgage Bonds 1,000 5%J-&J» 500,000 July, 1914 Broadway Surface First Mort- gage (Guar.) S^J &J- It 125,000 July, 1924 Broadway Surface Second Mort- gage (Int. Guar.) 5 % J- & J- 1,000,000 July, 1905 South Ferry First Mortgage (Guar.) 5%'A. &0. 350,000 Apl. i, 1919 Consolidated Mortgage, Gold (authorized $12,500,000).. 1,000 5%J. &D. 7,650,000 Dec. 1,1943 In addition to its direct funded debt the Broadway & Seventh Avenue has assumed, as part payment for the use of the tracks of the Broadway Surface Rail- road, payment of the principal and interest of $1,125,000 first mortgage bonds of that road and payment of the in- terest on the second mortgage bonds, amounting to $1,000,000. It likewise has assumed the principal and in- terest, in consideration of lease of track, of $350,000 first mortgage 5 per cent, bonds of the South Ferry Railroad. The first and second mortgages cover all railroad, equip- ment and franchises, also valuable real estate consisting of one entire block between Sixth and Seventh Avenues and 50th and 51st Streets, and two lots adjacent thereto. The consolidated mortgage coveirs the entire property of the company, consisting, in addition to the above, of power house at Houston Street and Broadway, 200 x 128 feet, and the cable and conduit on Broadway between the tracks of the Broadway Surface Railroad, extending from 15th Street to the Battery. The titles to the power house property are insured for $4,000,000 by the Title Guarantee & Trust Co., $4,850,000 consolidated bonds are reserved to retire 14 STREET RAILWAYS prior issues and the bonds of the Broadway Surface and South Ferry Railroad ; Guarantee Trust Co., Trustee. The Broadway Surface mortgages cover all railroad, equipment, franchises, rights, real estate, buildings and all other property of the Broadway Surface Railroad. The company owns about two and one-half miles of double track extending from 15th Street to the Battery. There are $1,500,000 first mortgage bonds issued, of which $1,125,000 are guaranteed, principal and interest, by the Broadway & Seventh Avenue Railroad and $375,000 by the Twenty- third Street Railway. The interest on the second mortgage bonds is guaranteed by the Broadway & Seventh Avenue Railroad. The South Ferry mortgage covers all franchises, priv- ileges, rights, railroad, equipment and all other property now owned or hereafter acquired by the South Ferry Rail- road Company. The company owns about two and one- half miles of single track. METROPOLITAN STREET RAILWAY SYSTEM. Central Park North & East River Railroad. Chartered July, i860. A horse road. On October 14, 1892, leased to the Metropolitan Street Railway at a rental equivalent to 8 per cent, per annum on its capital stock un- til October, 1897, and 9 per cent, thereafter. Owns 54th St. & loth Ave. to South Fcarry, Western Belt Line 6.25 Owns S4th St. & loth Ave. to South Ferry, Eastern Belt Line 13 .25 Sidings 24 20.04 Leases 6.55 Total operated 26.59 OF GREATER NEV^ YORK. Par. 15 Interest. Outstanding. Maturity. Capital Stock $100 8%" Q., J. $1,800,000 First Mortgage Bonds 1,000 7%]. & D. 1,200,000 Dec. i, 1902 Bonds are secured by a first mortgage on all railroad, equipment, real estate, buildings, franchises, privileges and all other property now owned or hereafter acquired. The real estate consists of thirty-four valuable lots situated at 34th Street and Seventh Avenue. Farmers' Loan & Trust Company, Trustee. METROPOLITAN STREET RAILWAY SYSTEM. Eighth Avenue Railroad. Chartered January 10, 1858. A horse road. On January I, 1896, leased to the Metropolitan Street Railway for 99 years at an annual rental of $215,000, payable quarterly. The lessee guarantees to spend $1,000,000 within two years for improvements, change of motive power, etc. ; the better- ments to revert to lessor at expiration of lease. Lessee also pays taxes. Road extends from Vesey Street to Harlem River, about 20 miles of track. Par. Capital Stock fioo Scrip 100 Interest Quarterly b% F. & A. Outstanding . Maturity . $1,000,000 1,000,000 Feb., 1914 Metropolitan Street Railway was confirmed in possession of line in May, 1897. It is proposed to adopt the under- ground electric system as motive power. m STREET RAILWAYS OF GREATER NEW YORK. 17 m 'W 1^ METROPOLITAN STREET RAILWAY SYSTEM. Forty-second & Grand Street Ferry Railroad. Chartered February i6, 1863. A horse road. On May 18, 1893, leased to Metropolitan Crosstown Railway (lease assigned to Metropolitan Street Railway) for a rental of $134,640 per annum, equivalent to 18 per cent, on its capital stock. Owns 7.96 miles of track, extending from 42d Street Ferry to Grand Street Ferry. Par. Interest. Outstanding. Maturity. Capital Stock (authorized $750,000) $100 18% $748,000 First Mortgage Bonds (authorized $250,000) 1,000 6^A. &0. 236,000 Jan. I, 1909 Mortgage covers all railroad, equipment, franchises, rights, real estate and buildings, and all other property now owned or hereafter acquired. The real estate consists of seventeen valuable lots used by the company for stables, car houses, etc. METROPOLITAN STREET RAILWAY SYSTEM. Ninth Avenue Railroad. Chartered July 29, 1859. A horse road. On April 20, 1892, leased to the Houston, West Street & Pavonia Ferry Railroad for 99 years at a rental equivalent to 6 per cent, per annum on its capital stock for the first five years and 8 per cent, thereafter. Lease assigned to the Metropolitan Street Railway. Owns 16 miles of track, extending from Fulton Street to 125th Street. Par. Interest. Capital Stock $100 8^ Outstanding. $800,000 METROPOLITAN STREET RAILWAY SYSTEM. Sixth Avenue Railroad. Chartered September 6, 1851. Ahorse road. On Feb- ruary I, 1892, leased to the Houston, West Street & Pavonia Ferry Railroad for 800 years at a rental of $145,- 000 (lease assigned to the Metropolitan Street Railway). Owns tracks extending from 59th Street to Canal and Var- ick, 6.88 miles of track. Operates and owns jointly with Eighth Avenue Railroad, from Canal and Varick to Vesey Street, 2.24 miles ; sidings, .75 miles. Owns and operates 2.66 miles of electric line. Total operated, 12.53 miles. Change of motive power to electricity is now being made. Par. Capital Stock $ioo Interest. 7% Outstanding $2,030,000 METROPOLITAN STREET RAILWAY SYSTEM. Twenty-third Street Railway. Chartered January 29, 1872. A horse road. On Jan- uary 10, 1876, leased the Bleecker Street & Fulton Ferry Railroad for 99 years. On June 7, 1893, was leased to the Houston, West Street & Pavonia Ferry Railroad, at a rental equivalent to 18 per cent, per annum on its capital stock. Leases assigned to the Metropolitan Street Rail- way. Road owned extends from 23d Street and North River to 23d Street and East River, 3.30 miles. Branch on Second Avenue to 34th Street. .40 miles. Leases 16.14 miles. 'r* 18 STREET RAILWAYS The underground electric system is to be introduced as motive power. Par. Interest. Outstanding. Maturity. Capital Stock $ioo i8% $600,000 First Mortgage Bonds 1,000 6% J. & J. 250,000 Jan., 1909 Debenture Bonds 1,000 $% J. & J. 150,000 Jan., 1906 Guarantees $375,000 ist mortgage 5 per cent, bonds of the Broadway Surface Railroad. Mortgage covers all railroad, equipment, buildings, fran- chises and all other property of the company, including leases of valuable real estate. METROPOLITAN STREET RAILWAY SYSTEM. New York & Harlem Railroad. Chartered April 25, 183 1. The steam portion of this road is leased to the New York Central & Hudson River Rail- road. The street railway division is leased to the Metro- politan Street Railway for 999 years, from July i, 1896, at an annual rental of $350,000 for the first five years, and $400,000 thereafter. Owns 19.32 miles of track known as the Fourth Avenue line, extending from the Post Office and Fourth Avenue to Mott Haven, with branches. Change of motive power to the underground electric system is now being made. Statement of capital stock and funded debt not given, as they cover the entire property of the com- pany. METROPOLITAN STREET RAILWAY SYSTEM. Fulton Street Railroad. Chartered October 29, 1895. A horse road. Successor to the North and East River Company. Capital stock all OF GREATER NEW YORK. If owned by the Metropolitan Street Railway Company. Road owned extends from Burling Slip and Front Street to West and Cortlandt Streets, and sidings, 1.02 miles. Leases .95 miles. Par. Interest. Outstanding. Maturity. Capital Stock $100 $500,000 First Mortgage Gold Bonds. . 1,000 4% M. & N. 500,000 Nov., 1995 Mortgage covers all railroad, equipment, real estate, build- ings, franchises, rights, privileges and all other property now owned or hereafter acquired. Guaranty Trust Com- pany, trustee. EARNINGS FOR YEAR ENDING JUNE 30. 1897. 1896. Gross earnings $61,639 ^29,567 Operating expenses 34,113 25,073 Net earnings $27,526 $4,494 Other income 200 Total income $27,726 $4,494 Fixed charges 23,854 $4,535 S"T>J'»s $3,871" det., $41 METROPOLITAN STREET RAILWAY SYSTEM. Thirty-Fourth Street Crosstown Railway. Chartered March 18, 1896. A horse road. A consolida- tion of the Thirty-Fourth Street Railroad Company and the Thirty-Fourth Street Ferry & Eleventh Avenue Rail- road Company. Entire capital stock owned by the Metro- politan Street Railway Company. Road extends from foot of East 34th Street to foot of West 34th Street and trackage to 42d Street Ferry. Owns 2.52 miles. Leases 4.46. Par. Int. Capital Stock $100 First Mortgage Bonds 1,000 $% A. & O. Outstanding. Maturity. $1,000,000 1,000,000 Apl., 1996. •r" 20 STREET RAILWAYS Principal and interest of bonds guaranteed by Metro- politan Street Railway. Bonds all in treasury of Metro- politan Street Railway Company. The mortgage covers all railroad, equipment, real estate, privileges, rights and franchises and all other property of every description now owned or hereafter acquired. Cen- tral Trust Company, trustee. 1897. 1896. Gross Earnings $338,080 $291,033 Operating Expenses ,59,039 ,30.821 NetEarnings ^,y^^^, ^~ Other Income j^^q ^^^ Fixed Charges .^^^^^ ,2,187 ^"'Plus $160,403 $148,588 METROPOLITAN STREET RAILWAY SYSTEM. Twenty-Eighth & Twenty-Ninth Street Crosstown Railroad Reorganization in 1896 of the Twenty-Eighth & Twenty- Ninth Streets Railroad. Entire capital stock is owned by the Metropolitan Street Railway Company. Road extends across town on 28th and 29th Streets. 5.93 miles of track. Par. Int. Outstanding. Maturity. CapitalStock $100 $1,500000 First Mortgage Gold Bonds. i,ooo 5% A. & O. 1,500,000 Oct. i, 1996. Principal and interest of bonds guaranteed by Metro- politan Street Railway. Mortgage covers all railroad equipment, real estate, buildings, franchises, rights and all other property now OF GREATER NEW YORK. 21 owned or hereafter acquired. Central Trust Company, trustee. EARNING FOR YEAR ENDING JUNE 30. Gross Earnings $44,380 Operating Expenses 30f 429 Fixed Charges 8,583 Surplus 5*368 METROPOLITAN STREET RAILWAY SYSTEM. Second Avenue Railroad. Chartered January 21, 1853. A horse road. In January, 1897, control was acquired by interests identified with the Metropolitan Street Railway Company and it is proposed to lease road to the Metropolitan Street Railway. Road extends from Peck Slip to Harlem, with numerous branches. 31.38 miles of track, 4 feet Si inches gauge, 47 to 6o-lb. rail. Par. Capital Stock $100 First Mortgage Bonds 1,000 Debenture Bonds 1,000 Real Estate Mortgage Mortgage covers all licenses, rights, franchises, rail- road equipment, one entire block of real estate between 96th and 97th Streets and First and Second Avenues, and all other property now owned or hereafter acquired. Central Trust Company, trustee. Interest. Outstanding. $1,862,000 Maturity. 5%M.&N. 1,600,000 Not. I, 1909 S%h&h 300,000 60,000 Jan. I, 1909 "1^ mt rfTT-' 22 STREET RAILWAYS EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. 1896. GrossEammgs , rrisr;.^;::. --- ^s other Income.. ^^'^'l ^"'^^ Totallncome J^'l^.l "'^oo Fixed Charges... ,^^'!!! *'^'^ Dividends.;:;:;:;:::: s*;?? ^"'p- ^^''^ Old^Balance Labor Account * * ,„, ^^''"^ ^^«-'^-^-^ .;;;::;:; 84:218 surp. ^ Directors: Wm. C. Whitney, John D. Crimmins, T. F. Ryan, H. H. Hollister, T. J. Regan, G. G. Haven, Jr., D. H. Shea, W. G. Shailer, Pierre Jay, James J. Traynor, J. Sanford Barnes, Jr., Sherman Flint, H. E Doremus. Officers: President, Pierre Jay; Vice-President, J. San- ford Barnes, Jr.; Secretary and Treasurer, H. E. Doremus. Office, 1874 Second Avenue, N. Y. METROPOLITAN STREET RAILWAY SYSTEM. Central Crosstown Railroad. Chartered March 28, 1878. A horse road. On May 28, 1890, leased the Christopher & Tenth Street Railroad at a rental equivalent to interest on its funded debt and 8 per cent, per annum on its capital stock and all taxes. In May, 1897, a controlling interest in the stock of the Central Crosstown Railroad was purchased by interests identified with the Metropolitan Traction Company. Road owned r^ B T J UL ~- OF GREATER NEW YORK. 23 extends from 23d Street and East River to Hoboken Ferry, 4.19 miles. Road leased extends from Hoboken Ferry to East Tenth Street Ferry, 6.81 miles. Gauge, 4 feet, 8>^ inches ; 52-lb. rail. Par. Int. Outstanding. Maturity. Capital Stock $100 $600,000 First Mortgage Bonds 1,000 6 % M. & N. 250,000 Nov. I, 1922 « Mortgage covers all franchises, rights and privileges, all railroad, equipment, buildings, depots, eight lots of real estate at 22d Street and Avenue A, and all other property now owned or hereafter acquired. American Loan and Trust Company, Trustee. EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. 1896. Gross Earnings $5^.720 1560,001 Operating Expenses 4iOi409 398,254 Net Earnings IS9.3"I i6i,747 Other Income 4»SS6 47.547 Totallncome 163.867 209,294 Fixed Charges 106,143 103,366 Balance 57.724 105,928 Dividends 60,000 51,000 Deficit 2,276 Surp. 54,928 Directors Officers : Wm. C. Whitney, T. F. Ryan, John D. Crimmins, Pierre Jay, Thos. Regan, John D. Crimmins, Jr.; D. H. Shea, H. H. Hollister, Geo. G. Haven, Jr.; J. S. Barnes, Jr.; Jas. J. Traynor, Geo. H. Linch, Shepard Gandy. President, Pierre Jay ; Vice-President, J. San- ford Barnes, Jr.; Treasurer, Milton J. Mas- son. Office, 170 Christopher Street. i •r-' 24 STREET RAILWAYS METROPOLITAN STREET RAILWAY SYSTEM. Christopher & Tenth Street Railroad. Chartered April 25, 1873. On May 28, 1890, leased to the Central Crosstown Railroad, at a rental equivalent to interest on its bonds and 8 per cent, on its capital stock. Pa*"- Int. Outstanding. Maturity. Capital Stock $,00 8%Q.,J $650,000 Mortgage Bonds ,,ooo 7 ^ A. & O. 100,000 Oct. i . ,898 Mortgage Bonds i.ooo 6 ^ A. & O. 30,000 Oct. i, 1898 Mortgage Bonds i.ooo 5 %• A. & O. 50,000 Oct. i. 1898 Real LsUte Mortgage 1,000 4}4^M.&N. 30,000 The 5 per cent., 6 per cent, and 7 per cent, bonds are secured by the same mortgage covering the entire prop- erty of the Company, including franchises, privileges, etc. The Company owns seven and one-half miles ol track. « REDUCTION RATIO 28:1 \1.\[' SHuw IN'. niK inrtnijiitlitnu '^Imllviiltoay Soslfni M:: ::: j-r-j-r-i^_.-r._r-r ■ 'iiiinHi ■•^ w^i No. 1. Cable Bnildlng and Houston 8t Power Hoou^ " a 60th St. Depot and Power Station. " 8. Belt Line Depot and Repair Shops. " 4. Ninth Ave. Depot and Cai Hooaau " 5. Forty-Second St. Depot. I " 6. Twenty-Third St. Depot. | 7. LezinKtou Building and Power Hoosa. 8. Front St Power House. 9. Chambers St. Depot. 10. Avenne C. Depot. "11. Ninety-Ninth St. Car Honse. " 18- 116th 4e ll7th St- Property- No- 18- Ninth Are. Line Terminal. " 14. 146th St. and Lenox Ave. Power House. " 16. Thirty -Fourth St Terminal Property. ** 16. 14lBt St and Lenox Ave. Property. " 17. Eighth Avenue Depot " 18. Blghth Avenue Terminal Depot " 19- New York and Harlem R. R- Depot " 20. " . " " " Uptown Depot " SI. Seoond ATenne R. R. Depot " 28. " " " Uptown Depot " 28. Central Cross-Town R. R. Depot (West Side). " 84. " " u . (Eaet Side). .•LUC LMCS. OKRATCO IV JOIWT TRAWtFEU wrtM LMMW M — M A* s/. A*^ -^-l ^ ^^z^^ > O a o o o :::d CO ^^. 3 3 > CD 0,0 o n (DO OQ CO — ^ &3| >sj o o X < N X ISI >J^ ''^: a^' ^, .-v^ .* -v? **;5^ ^^. % > 'V ^^: "k ^ > A >♦ \'^' '^>^ lO o o 3 3 Ui o 3 3 ^> > Ul ->, ^2^. a? o o 3 3 O Ei^isisi?P|?|?|-|- H p mil" 00 o^ 00 s ro ro en 1.0 mm 1.5 mm 2.0 mm ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghi)klmnopqrstuvwxyz 1234567890 ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyzl234567890 ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyz 1234567890 ^ & 2.5 mm ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyz 1234567890 .< €^. V r^ k& "to f^ ^^ •^^. 4^ <^ g o ■o m "o > C w I TJ ^ "0) 5 > 3D O /5^. '•- '*'^. C^ c 4^ 4^ (J1 3 3 P IS i| "I o 3 3 1^ QDKl ^ '^ «> ^ I -- [ I a B-1S ? arc 311 aDjmaQDDaiiH 11 f» ,L- I— n UJ Kl r- r U. ...4., I f STKnaaBTjajr r k J r' L HHi I rLcvi ItM _A VCMUl^ i/ I u LJCl] r U r" uuu r' r Liu r ^ ' I I It' h fe' "fe ~V Tti Si 3 5 ^ 3 i I? I 31 ■> J W H n jw CST CNO AVE. Ll ^ !T1i B lULlJLOJi-d! grjpuapsQooiiss^gQQa SjcWiiTm [l]pDDDDDDa aaa nna aaaDDDDDDS: d iliSMi^liiiiilil u n "1 yu 1i — If EJ 3 y ^lE p : [IDDDD U □DDD riFTM AVCNUC i — mmqqaaq IL ^ 91 MB i m aaaaaa ^:at^.ec a gnoDUj 7K7 u u n rOURTH AVCNUC r UJtaS V Ul. 1 THIRD AVCNUC Vt ■•— -^1 -'.r-\i -4fJ 1 r"\^ -:±; UU i~~ir r 1 rr" I I ! ' 1 ' 'pi U i [Mffom LiJD. >I^i;5tT; N IT r AV J i J n i ! is < 3 '3 LLI I I u 'sm i JJUlJJ nnnn^'M lU Li r uJl ~1 L. iimniTTTiTiinmif -4-.-,. uuyuu HB-i 199 f u L^ r •5>. <$ o ^-»' 'jr' iV 27 i ll J I — 1 1 — I u_J i I ' I — I — J y- - - Vv r\ebr 'i>' r I / r><^ S*" •^ H^ ■■oinuMi DEi'OTS AND POWER HOUSES. No. 1. Cable Building and Houston St Power House. " 2. 60th St. Depot and Power Station]. 3. Belt Line Depot and Repair Shops. .^^V^: \^ ^T^ '^'\^y\\ 3 " 4. Ninth Ave. Depot and Car House. " 5. Forty-Second St. Depot. " 6. Twenty-Third St. Depot. " 7. Lexington Building and Power Huse. " 8. Front St. Power House. " 9. Chambers St. Depot. " 10. Avenue C. Depot. "11. Ninety-Ninth St. Car House. "12. 116th & 117th St Property. No. 13. Ninth Ave. Line Terminal. 14. 146th St. and Lenox Ave- Power H< 15. Thirty-Fourth St Terminal Property 16. 141st St and Lenox Ave. Proi>erty 17. Eighth Avenue Depot 18. Eighth Avenue Terminal Depot 19. New York and Harlem R. R. Depot 20. " . " " " Uptown Dev '■ 21. Second Avenue R. R. Depot 22. " « « Uptown Depot 23. Central Cross-Town R. R Dei>ot (We: 24. " " " * {lEXrt n ^ n ^t- I I I i; fis' ui-JTb-iL..: -*"i ,b,nPife,^ STKuasxs Jidy S"\ - TWEtrTM ' AV .i:tj:L:,_:i. ^/ il^l^-l^ljcjUil:! JuUJ li ! _j L-J L_J L.J I I I t. --J r. 3 C a a •* if ^ * t: Ir •• f*^ FLCVINTH «VENl>t UJ: j I* J j I 'ill' 11 li ii li I I I, i! WEST t NO i"ir!n-J^5a330Lj®|]^,'4: -nw^ I ; ! 1 aUiDGnQGQUDaunaaaD _5»_ iJUD'lJlJJj iJjjJJ- 1 L^i^J ^^^hJ ^^a^J ^^^^J ^^— J «^H^^ !■ ■ -4 ^.w-^ii* ^^i^^* •^^fc^^ ■•^■^^ '^'^^^ b^B^J T I ^' I^PH^J ^h^^bJ immtm^ ^^m^mJ □DOu JjJjJjJJ t f 1 ; i ! 1 1 1 • 1 1 1 1 * i 1 _ i 1 : hi I ■ JJj-jJJ'Jj ■J— ' IT I iU^. •/> TENTH AVENUE '"■ X ^ ,1 :^-' ..J J _i J -J _ 1 • . j1 /. S □□aaDLii ' ' 'Ell n I B i ,. .. . ^mJjTKL » li !4 4 -r I I J. _j_j ! ! " ! _J JLLJ ( 4 >' Li T 11 ^ ■■ f \ ' '-■^— \Tv*'-^T'. .< >. |1 ■ K K > > I "■'iH-H-lH-l I ! _i . , J J ! ■ 1 : j..j_J_Ju:.iJjLJjJ_l-JJiJijJj ! L.J -J J 1 1 ' ! I ' ' I ' ^ r I . ■ I ; riFTM AVEHOC 1 "1 ■VZ^^ •J^^*'^1&' \<*'**^' -j^a^-'-^ "'^■-JL-.-^V^j.::^^ /..-*^/a^. [ nnuDu nnriin _i_j J ._l '_! (UUrnu dm.' iGjinnmrnGDaBDn FOURTH AVENUr ._j _j _._j \ r 5l M ' tliii n! s^ J:JJJJjJ^..J : OVMT»« ••&• i iriTy 3 5 __H \A tt ranij - - R 1^1 IS W N »l ^r ! : f: fc b c b b P' \ !'¥ p P S^ "*s IS fe b t i: : 1 ; i" f r r p |; f ■ I f f ' r r ^ f, ^ r f I ! t I ^ ^J- n LlMA.ftJJLO-iJ ni I i I r I ' l=J_jlJ'JjJ, H N .JJJJ4- p I g I M i i M M M s I • "~\i-: »- -i; ■i>^--i::It :jUL J J J i^- AVENUE A i" 1: I I' i: .V M' "1 ^ A iV A z^'X MiiUrj^^l .feiPrTij, •I'lWI, t^ %. E H Jt. ••*•-.-«,. a: ''y^*'tt«ua*» H" 'pjj^'^'^ -x SB ■ nr-jn. f^;:: n «c»r «•■ Colurrbia College TTI Cathedral StJohn DDDD aaaaa DPpJ oc: s^; U Lj M 4" VCTtaT u "HES— r » at u r ft_R_R_fl 1 £; BB FOURTH AVCNUC i__J [mm] ( — IMIUft AVCNUr r ;_ ?«! ULJUl^ feiyp:!-^ !?iv .< «^ \. u r I— J 1\ -^ MJ I— _i k v\ V^ ' OaaDrott of maaorwd H« D:DDgpaaL_ r 0' □pgansnoDBDmaaQDamfl u^ JuyjLyL 1DQDD ^. . ffl biwoliii DJU i>. / •1 !' &JLJ1V. i:. mmK / '/ •^ •a '^ ^ ^' DEPOTS AND POWER HOUSES. le Bnilding and Honston St Power House. St. Depot and Power StatioDj. Line Depot and Repair Shopfi. :h Ave. Depot and Car House. ty-Second St. Depot. [nty-Third St. Depot, pington Biiilding and Power H6use. X St. Power House. Lbers St. Depot. raie C. Depot. |ety-Ninth St, Car House. :h & 1 1 7th St. Property. RED LINES No. 13- Ninth Ave. Line Terminal. " 14. 146th St. and Lenox Ave. Power Hotise. 16. Thirty-Fourth St Terminal Property. 16. 141st St. and Lenox Ave. Property. 17. Eighth Avenue Depot. 18. Eighth Avenue Terminal Depot. 19. New York and Harlem R. R. Depot. " 20. " .« « « Uptown Depot. " 21. Second Avenue R. R. Depot. " 22. « « « Uptown Depot. " 23. Central Cross-Town R. R. Depot (West Side). " 24. «« « " '« (East Side). OPERATED BY HORSES. « «C « .BLUE LINES. OPERATED BY MECHANICAL TRACTION. JOINT TRANSFER WITH LINES IN GREEN S*a»-:'::;t.^ia!ii STBHOBRS JUy -' - - II ~ >i«-y ' — v-_i __ J ; f \ K r"***] or ■-- — ^ JJjJj w s <; I f M o r^- "'S i I ! i' liir -,^.- ,...., -.!r JR DgaaQoaaaa IU XVCM T B AJ Ui ■1130^^3^ ll'"!] ■' J ir"irn' — 1 " I ' ! " -J -J tr^' ?. iJJGUULjLiLjaaGaLJaGaaaaaDaa :««air«s* ^wnmr H> 4 5 • f i( Il_J !l I b k 41 AND SOULCVAIB I Co>ur» bia College If M" ULJ uaaaui ICathedrs! ! StJohn *d?ir'*)?r a]?c.t- aiPE PA.BX ^ JL^jaUGULKJGSy *^ -5;> ^ ^ /i/ \.u QUJLjj 1 ? p e p h ft yitf.a'j'O.y /«'^-'>''^w>'*Ji>ii^^ -ov / \\. 1 *>^, xac aAAT iimui H ivry-i ^^_ ..:-;:i_:l^-. II i "T — I Li"^ ^~1 in i 1 i — ' ^ ^ '^^ "* ' jjJBiJuLiLj -^B65Eu» I. ir- -* >' ] u l,".(-l !_l JLJ^ ^□□□DnjnGnn I 1 1 I _M P.- .« K ri I -•' T" F H_ 'm it rOCHTH AVEML'E ■«l ' i« ** I"* Br ;* n R 5 B h h i- »- fc *L-H I p p IHIRO AvemuE J _J _._ .J .J«_..: I ' «r~! I I I i I ._] J -J I t AWtNUf J ' I 1 1 I ' WT^, r' M -J i r 1 I t J„ :J ^J£-\ i J lJ _j — - ~ ■'^'^^^a.i k r ./ ■ 7T% *Siu£' ]D[JDd=i CoBTcnt of S58«cred Heflrt f ■ rrn ^ c * s p p pi f< 5 .j 1= S ?3 3_j«_Ji_ jjjjjjjjjjijjjj-?. ; ■"' '"'"■ 1, c e %' ( J ( iiir jij NIKTH AVCMVC IT5>« OV*-^ i* UaPS^aUDaDariaaaL ^^' « nil i I f- "I ( U: KIJ t I I J im^-mi ■— .■! } ""' n ! ! i I — — — — "««iiTH~»»ci«uc' u « liJ_.U r 1 UU I < Bu. U U LT ">-'"' LlU y^ i t ^ ^ ^ !^ ^ \ y jj— w 1k^ -ll u npp4: I — I t" r n r L ^ Pf C9M1 . AV«MW« K_A il_J i^ X- ? 3 r-i /.i- AVtfiyt . A f ~W" r/jr- ■-N \ ' DEPOTS AND POWER HOUSES. V^.ruidlDg and Honston St. Power House. h St. Depot and Fov/er Station- Li '.le Depot dy:.d Pvepair Shops. :ii Are. L'epot and Car House.i :y Second Bx. Depot. , Inty-Thirci St. Depot. \ ligtoii B'-ildirsi:, and Power House. L" S'-. Pov.'8r Hc.ise. |::a>j£'':s St. Depot. . ;. Depot. .v-1-^iiicli. Si Oc>r House. leii 6.' 1 i 7ih St Prorortv. No. 13. Ninth Ave. Line Terminal. " 14. 146th St. and Lenox Ave. Power House. " 15. Thirty-Fourth St. Terminal Property. " 16. 141st St. and Lenox Ave. Property. " 17. Eighth Avenue Depot. " 18. Eighth Avenue Terminal Depot. " 19. New York and Harlem R. R. Depot. " 20. " . « « « Uptown Depot. " 21. Second Avenue R. R. Depot. " 22. " « « Uptown Depot. 23. Central Cross-Town R. R. Depot (West Sf.de). 24. " " « '« (East Side). t{ u OPERATED BY MECHANICAL TRACTION JOIN7 TRANSFER WITH LINES SN GREEN OF GREATER NEW YORK. 35 THIRD AYENDE RAILROAD. Chartered October 8, 1853. Cable power adopted in 1893. Control of the Forty-second Street, Manhattanville and St. Nicholas Avenue Railroad Company was obtained in November, 1895. Company likewise obtained from New York City the franchise for the Kingsbridge Road extension from 1626 Street along Kingsbridge Road, across proposed bridge over ship canal, across Spuyten Duyvil Creek to Broadway, and branches on St. Nicholas Avenue, Riverdale Avenue and Eleventh Avenue. Road extends from Post Office to 130th Street and 3d Avenue, with branches, 28.37 miles. Gauge, 4 feet 8| inches; 80-lb. rail. Capital stock (authorized ''""' '"'"''' Outstanding. Maturity. $12,000,000) $100 $10,000,000 First Mortgage Gold Bonds. . i,ooo s% J- & J. 5,000,000 July i, 1937. Mortgage covers all railroad and equipment, franchises, privileges, right of way, betterments and all property now owned or hereafter acquired, with the exception of various pieces of real estate, with buildings and improvements thereon. EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. 1896. Gross Earnings $2,590.473 00 $2,628,628 Operating Expenses 1,440,76791 1.513,155 JJf'^"^"^^ 1.149.70603 ,,,15,473 Otherlncome ^^^^, ^ ^^^, Tou^Income 1,195,14703 ,,,56,464 FixedCharges 367.28333 347.I20 ^"^"r^ 827,86400 809,344 S*^^^^°d« 875.00000 880.000 ^*^"' 47.136 00 70.656 26 STREET RAILWAYS Directors: Henry Hart, S. S. Riker, Robert W. Tailer John E. Parsons, E. Lauterbach, A. J. Elias, Wm. H. Webb, Emanuel Lehman, Abraham Ayres, Charles Remsen, Henry Iden, David C. Andrews, S. Townsend. Officers : President, Albert J. Elias; Vice-President, Henry Hart; Treasurer, John Beaver; Secre- tary, Alfred Lazarus; Superintendent, John H. Robertson. THIRD AVENUE SYSTEM. « Forty-Second Street, Manhattanville and St. Nicholas Avenue Railway. Chartered August 29, 1878. A horse road. November, 1895, control was acquired by the Third Avenue Railroad. Total track owned, 24.9 miles. Road runs on 42d Street from North to East River, on Seventh Avenue from 42d Street to Boulevard, on Tenth Avenue from 59th Street to Man- hattan Street, from North River on Manhattan Street, St. Nicholas Avenue and i loth Street to East River. Gauge, 4 feet 8^ inches; 45 to 60 lb. rail. Par. Maturity. Interest. Outstanding. Capital Stock $100 $2,500,000 First Mortgage Bonds i.ooo 6%" M. & S. 1,200,000 March i, 19 10. Second Mortgage Bonds 1,000 6% as earned. 1,500,000 Jan. i, 1915. Real Estate Mortgage — $% 100,000 First and second mortgages cover railroad, equipment, franchises, real estate, buildings and all other property now owned or hereafter acquired. The second mortgage merely provides for an income bond. Interest not to exceed 6 per cent, is to be paid as earned from the net 'i y OF GREATER NEW YORK. 27 earnings of the company and is not to be cumulative. Union Trust Company, trustee. Directors: Henry Hart, E. Lehman, R. W. Tailer, J. E. Parsons, Edw. Lauterbach, W. H. Webb, S. Townsend, Chas. Remsen, H. Iden, A. J. Elias, D. C. Andrews. Officers: President, A. J, Elias; Vice-President, H. Hart ; Secretary and Treasurer, D. C. Andrews; THIRD AVENUE SYSTEM. Dry Dock, East Broadway & Battery Railroad. Chartered December 8, 1863. A horse road. Road owned extends from 34th Street Ferry to City Hall, from 23d Street Ferry to City Hall, from Grand Street Ferry, East River, to Desbrosses Street Ferry, North River, and from Grand Street Ferry to Cortland Street Ferry, 19.77 miles in all. Gauge, 4 feet S}^ inches ; 47 to 6o-lbs. rail. Par. Capital Stock $ioo First Mortgage gold bonds (authorized $1,000,000) . i,ooo Certificates of Indebtedness. . lOO Int. Outstanding. Maturity. $1,200,000 S% J. & D. 95O1OOO 5%F. &A. 1,100,000 Dec., 1932 Feb., 19 14 In August, 1897, control of capital stock was acquired by interest supposed to be identified with the Third Avenue Railroad. Mortgage covers all railroad, equipment, several pieces of valuable real estate and betterments thereon, franchises, rights and all other property. In case of change of motive ^MHtosMlMiM i«N T 28 STREET RAILWAYS power, new equipment equal in amount to value of old equipment is to be included under additional mortgage. STATEMENT FOR YEAR ENDING JUNE 30. 1897. 1896. Gross earnings $687,648 $743,474 Operating expenses 518,516 563,61 1 Net earnings 169, 132 179,863 Other income 3ij067 12,565 Total income 200, 199 192,428 Fixed charges ... 134,906 128,612 Net income 65,293 63,816 Dividends (4j^) 54,000 {6%) 72,000 Surplus 1 1,293 Deficit 8, 185 Directors: Gustav E. Kissel, Gordon Macdonald, Henry Hart, Robert W. Tailer, John E. Parsons^ Edward Lauterbach, Albert J. Elias, VVm. H. Webb, Emanuel Lehman, Chas. Remsen, Henry Iden, David C. Andrews. Officers : President, Gustav E. Kissel ; Vice-President, Albert J. Elias ; Secretary, Frederic Vie weg ; Treasurer, John Byrns. General Offices : 605 Grand Street, New York City. M*i 1 ■<■ iM£« .^ OF GREATER NEW YORK. 29 UNION RAILWAY COMPANY OF NEW YORK CITY. Chartered July 2, 1892. A consolidation of the Harlem Bridge, Morrisania & Fordham, the North Third Avenue & Fleetwood Park and the Melrose & West Morrisania Railway Companies. Controls through ownership of stock the West Chester Electric Railroad and Southern Boule- vard Railroad. Operates by electricity 37 miles of track, extending from the Harlem River north and east through Kingsbridge, West Chester, East Chester, Pelham and New Rochelle. Gauge, 4 feet 8J inches. 70 to 90-lb. rail. Par. Int. Outstanding. Maturity. Capital Stock. $100 $2,000 oco First Mortgage Gold Bonds . 1,000 $% F. & A. 2,000,000 Aug. i, 1942. EARNINGS FOR YEAR ENDING JUNE 30TH. 1897. Gross earnings $541,854 80 Operating expenses 3231O32 79 Net earnings 218,822 01 Other income 999 96 Gross income 219,821 97 Interest and taxes I33<43* 45 Surplus 86,390 52 1896. $490,169 55 306,282 14 183,887 41 999 96 184,887 37 125,061 72 59.825 65 The mortgage covers all railroad, equipment, real estate and improvements thereon, franchises, and all other prop- erty now owned or hereafter acquired, including the capital stock of the West Chester Electric Railroad, $500,000, and 80 STREET RAILWAYS the capital stock of the Southern Boulevard Railroad, $250,000. Real estate is valued at $400,000. Directors : Chas. A. Stadler, A. G. Hupfel, E. A. Maher, Thos. W. Olcott, Robt. C. Pruyn, A. N. Brady, J. N. McNamara, Wm. Shaw. Officers: Edward A. Maher, President and General Manager ; Chas. A. Stadler, Vice-President ; Thomas. W. Olcott, Secretary and Treas- urer. UNION RAILWAY SYSTEM. Southern Boulevard Railroad Company. Chartered June 27, 1885 ; road opened August 20, 1895. Owns seven miles of track extending from Lincoln Ave- nue to Boston Avenue, operated by electricity. Capital Stock First Mortgage Gold Bonds. Par. |icx> 1,000 Int. Outstanding. Maturity. $250,000 250,000 July I, 1945 Stock all owned by the Union Railway Company. Bonds guaranteed by the Union Railway Company. Bonds are secured by a first mortgage on all railroad, equipment, real estate, privileges, rights, franchises, lease- hold interests, buildings and all other property now owned or hereafter acquired. J OF GREATER NEW YORK. 81 UNION RAILWAY SYSTEM. Westchester Electric Railroad. Chartered March 2i,.i89i. Consolidation June i, 1893, of the Mount Vernon & East Chester Railway Company and the New Rochelle Railway & Transit Company. Operates 16.54 miles of track, extending from Mount Ver- non through Pelhamville and New Rochelle. Par. Int. Outstanding. Blaturity. Capital Stock $100 $S«>,ooo First Mortgage Gold Bonds.. 1,000 $%]'&]' $«>.«» July i, 1943 Stock all owned by the Union Railway Company. Bonds guaranteed by the Union Railway Company. Mortgage covers all railroad, equipment, real estate, buildings, franchises and all other property now owned or hereafter acquired. EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. 1896. GrossEarnings $129,484 55 $124,513 62 Operating Expenses 87,55945 91,23878 Net Earnings 41.925 >o 33.274 84 Interest and Taxes 28,87696 29,03294 Surplus 13.048 14 4,241 90 B2 STREET RAILWAYS OF GREATER NEW YORK. MANHATTAN BAILWAY COMPANY. An elevated railroad chartered December 29, 1875, now owns and operates all the elevated roads in New York City, a total trackage of 102.26 miles, 4 teet Sj4 gauge, 63 to 90- lb. rail. Par. Int. Outstanding. Maturity. Capital Stock $ioo $30,000,000 Manhattan Railway (Consoli- dated Mortgage Gold) . . . 1,000 4% A. & O. 24,065,000 April, 1990 New York El;:vated Railroad Debenture 1,000 5% M. & S. 1,000,000 March 1.1916 Metropolitan Elevated Rail- road (First Mortgage Gold) i.ooo eo^J. &J. 10.818,000 July I, 1908 Metropolitan Elevated Rail- road (Second Mortgage ^o***) 1,000 6%M.&N. 4.000,000 Nov. I, 1899 The issue of consolidated mortgage bonds is limited to $40,000,000 for the present system, but may be increased for extensions at the rate of $6oo,ooo per mile of double track and $300,000 per mile of smgle track. Sufficient of these bonds are reserved to retire the outstanding prior issues of the Metropolitan Elevated Railroad and New York Elevated Railroad at maturity. The mortgage prac- tically covers the entire property of the company. The Metropolitan Elevated Railroad first and second mortgages cover the Sixth Avenue and Second Avenue elevated roads, extending from South Ferry to the Harlem River, 18.08 miles of double track elevated railroad. Bonds are guaranteed by the Manhattan Railway Company. 1897. 1896. 1895. 1894. Gross Earnings $9, 163.742 $9,256,932 $9,397,572 $10, 153,577 Net Earnings 3.041,220 3.047.251 3.330,885 4.028.024 Miscellaneous Receipts 180,277 232,522 287,134 311,678 3,221,497 3,279,773 3,618,019 4.339.702 ^°'^"'* 1,886,846 2,161,675 2,095,972 2,004,555 ^^^ 2,500 Dividends 1,500,000 1,800,000 1,800,000 1,800,000 ^"'P*"* def. 165,349 def. 681,903 def. 277,952 532,647 RICHMOND COUNTY ' — — ^ ijCj wji wB^^va^ ■^^"^^••p STREET RAILWAYS OF GREATER NEW YORK. 35 STATEN ISLAND ELECTRIC RAILROAD. • * t Chartered December ii, 1894. Acquired the franchises of the Staten Island Belt Railroad Company at foreclosure sale. Road at present extends from Port Richmond to South Beachvia St. George and Belt Line from Richmond Terrace to Tompkinsville, 11 miles of double track. From Port Richmond to Howlands Hook double track and from Brook Street, Silver Lake, single track, 3J miles; Castleton Avenue, 24 miles; Turnpike, 2 miles; Richmond Avenue, I mile. Total track, including sidings, 30 miles. Gauge, 4 feet, Sj4 inches ; 84 to 90-lb. rail. Operated by elec- tricity. Company controls one-half the stock of the Rapid Transit Ferry Company, running between New York and Staten Island. Owns about twenty miles of additional franchises extending into the interior of the island. Par. Int. Outstanding. Maturity. Capital Stock $100 $1,250,000 First Mortgage Gold Bonds 1,000 $% M. & N. 1,250,000 May i, X945 Consolidated Mortgage Gold Bonds 1,000 $% M. & N. 750,000 May i, 1846 First mortgage covers all the company's franchises and property and $260,000 stock of the New York Investment and Improvement Company, deposited with the trustee. The consolidated mortgage covers all the company's property and franchises, subject to the first mortgage, as well as the $260,000 stock of the New York Investment and Improve- ment Company. $1,250,000 of the consolidated mortgage bonds are reserved in the hands of the trustee to retire the first mortgage bonds at maturity. Total amount authorized, 2,000,000. . : . t if' ^^ 36 STREET RAILWAYS . FOR THE QUARTER ENDING MARCH 31, 1897. Gross Earnings $31,622 04 Net Earnings 2,195 29 Ii>te'«t 24,575 00 I>eficit 22,878 41 Directors: Samuel Thomas, T. F. Ryan, Walter G. Oak- man, Chas. R. Flint, Henry H. Rogers, H. D. Babcock. H. W. Poor, C. B. Van Nos- trand, G. B. M. Harvey. Officers President, G. B. M. Harvey ; Vice-President, H. W. Poor; Treasurer, C. B. Van Nos- trand ; Secretary, J. E. Comins. General Office, 32 Nassau Street, New York City. NEW YORK & STATEN ISLAND TRACTION COMPANY. Incorporated January, 1896, to construct railroads and ferries and to own stocks of railroads, ferry and land com- panies. Owns all the stock of the Staten Island Electric Railroad, the New Jersey & Staten Island Ferry Company and three-fifths of the stock of the New York & Staten Island Land Company. Capital Stock: Preferred authorized. . . .$1,250,000 Outstanding . . . .$1,250,000 Common authorized 1,250,000 Outstanding 120,000 Officers: President, G. B. M. Harvey ; Secretary, J. E. Comins. » ■ •,i..» OF greater new YORK. m STATEN ISLAND MIDLAND RAILROAD. Chartered December i, 1890. On April 7, 1890, pur- chased at foreclosure sale the property of the Richmond County Railroad. On August 19, 1895, company was re- organized without change of name. Electricity was adopted as motive power during 1896. Operates the line of the Staten Island Traction Company. Owns 27.15 miles of track. Gauge 4 feet, 8^ inches, 65 to 90-lb. rail. Company owns Midland Beach, on the south side of Staten Island. Par. Int. Outstanding. Maturity. Dec., 192 1 Outstanding Capital Stock $100 $1,000,000 First Mortgage Gold Bonds.. i,ooo 5% J. & D. 1,000,000 Mortgage covers all railroad, equipment, real estate, buildings, franchises, and all other property of the company now owned or hereafter acquired. After five years pro- vision is made for a sinking fund, but bonds cannot be drawn. Farmers* Loan and Trust Company, trustee. EARNINGS STATEN ISLAND MIDLAND RAILROAD FOR YEAR END- ING JUNE 30, 1897. Gross Earnings $65,910 16 Operating Expenses (including taxes) 50,1 19 53 Net Earnings $15,790 63 EARNINGS FOR THREE MONTHS ENDING SEPTEMBER 30. Gross, 1897 $50,823 80 Gross, 1896 19,057 61 Increase $31,766 19 38 STREET RAILWAYS OF GREATER T^EW YORK. Directors : Robert Wetherill, Jas. C. Hinchliffe, W. B. Rockwell, B. H. Throop, M. J. Wightman, Wm. F. Hinchcliffe, Everett Warren, John Hinchcliffe. Officers: President, James C. Hinchliffe; Vice-Presi- dent, Benj. E. Throop, Secretary, E. G. Wightman; Treasurer and General Man- ager, W. B. Rockwell. General Office, Concord, Stapleton, N. Y. STATEN ISLAND TRACTION COMPANY. Chartered as the Port Richmond & Prohibition Park Electric Railroad Company. Changed its name on May I, 1895, by order of the Supreme Court. Owns 1.67 miles of track leased to the Staten Island Midland Railroad. Road in the hands of a Receiver. • BROOKLYN ' maL • • i • * • • t»' • r» STREET RAILWAYS OF GREATER NEW YORK. 41 BROOKLYN RAPID TRANSIT COMPANY. Chartered January i6, 1896, as successor to the Long Island Traction Company, whose property was sold under foreclosure. The company owns the stock of the Brooklyn, Queens County & Suburban Railroad and of the Brooklyn Heights Railroad Companies, the latter road operating the railroads of the Brooklyn City Railroad, under lease, in addition to its own line. The Brooklyn Rapid Transit Company is not an operating company, but derives its income from interest on invested funds, as follows : Interest on 1,921 Brooklyn, Queens County & Suburban first con- solidated mortgage bonds; interest from the Brooklyn Heights Railroad Company at 5 per cent, per annum on the amount of the Brooklyn Rapid Transit Company's equity in the construction account against the Brooklyn City Railroad Company, amounting on July i, 1897, to $3,248,065, and constantly increasing; interest on various loans, the net profits of the Brooklyn Heights Railroad Company, as lessee of the Brooklyn City Railroad Com- pany, and all dividends on the stock of the Brooklyn Heights and the Brooklyn, Queens County & Suburban Railroad Companies. Par. lot* Capital Stock $100 First Mortgage Gold Bonds (Authorized $7,000,000) . 1,000 Outstanding. Maturity. $20,000,000 5% A. & O. 6,011,000 Oct. I, 1945 The mortgage covers: (i) The stock of the Brooklyn Heights Railroad Company, amounting to $200,000, with the exception of thirteen shares on which the company has an option. The assets of the Brooklyn Heights Railroad Company are as follows: 1.18 miles of single track, with I '-"-f 42 STREET RAILWAYS real estate required for power-house, depot, terminal facili- ties, &c., subject to a first mortgage of $250,000. The property of the Brooklyn Heights Railroad Company, as lessee of the Brooklyn City Railroad, consists of 204 miles of single track and more than 1,750 cars and real estate, on which are power-houses, depots, shops, office buildings, &c., assessed at upwards of $2,300,000. (2) The mortgage also covers all the capital stock of the Brooklyn, Queens County & Suburban Railroad Company, amounting to $2,000,000, with the exception of sufficient shares to qualify directors, on which the company has an option. The Brooklyn, Queens County & Suburban owns 44.5 miles of single track, about 330 cars and real estate, on which are office building, car-houses, dock facilities, stables, shops. &c., valued at $450,000. (3) There is also included under the mortgage the ownership of the guarantee fund of $4,000,000, de- posited to secure the performance of the lease of the Brooklyn City Railroad Company to the Brooklyn Heights Railroad Company ; also all right, title and interest in the extensions and betterments made by the Brooklyn Heights Railroad Company as lessee of the Brooklyn City Railroad Company. Balance of issue is reserved for future require- ments of road. Directors : Clinton L. Rossiter, W. C. Bryant, Horace C. Duval, John D. Keiley, Timothy S. Wil- liams, John G. Jenkins, Theodore F. Jack- son, Anthony N. Brady, Henry Seibert, Seth L. Keeney, David H. Valentine, John Englis, C. D. Meneely. Officers: President, Clinton L. Rossiter; Vice-Presi- dent, Horace C. Du Val ; Secretary and Treasurer, T. S. Williams. 4 • ■ • -Lk. OF greater new YORK. 4S BROOKLYN RAPID TRANSIT SYSTEM. Brooklyn Heights Railroad Company. Chartered April i, 1887. Operates by cable 1.18 miles of track. Since June 6, 1893, operates under lease for 999 years the property of the Brooklyn City Railroad, an elec- tric road, the lessee paying all charges and 10 per cent, on stock of $12,000,000. Par. Capital Stock $100 First Mortgage Bonds i,ooo Int. 5^ A. & O. Outstanding. Maturity. $200,000 250,000 April I, 194 1 Mortgage covers 1.18 miles of track and real estate, on which are situated power-house, depot and other terminal property. EARNINGS FOR YEAR ENDING JUNE 30. 1897- 1896. Operating expenses. ^.e.^jg g ^^."'"i' • ..774.559 ..769.166 Othermcome .jg,,^ Gross income 2 012 8ct • «X, -aT T-^ ,- ,^ 2,012,557 2,001,765 Taxes and fixed charges ,,900,365 2,t44,875 Balance-surpte „,,^, Oefi^,^ ^^ ,J* T •«rw> 1' ^jacaariama^/ijEj. H STREET RAILWAYS GENERAL BALANCE SHEET OF JUNE 30, 1897, Assets. Cost of road and equip- ment $465.41035 Construction suspense. . . 143*119 93 Capital Stock Brooklyn City R. R. Funded Debt Construction a/c 3*277,59245 Brooklyn Rapid Transit Betterments 109,984 50 Company's equity in Surplus on hand 109,365 34 Brooklyn City Con- Open accoimts 201,769 73 struction account, pay- Insurance paid 909 31 able by Brooklyn City Cash on hand 315,846 24 Railroad Company at termination of lease ... Mortgage indebtedness.. Interest on funded and mortgaged debts due and accrued Interest annuities Due on open accounts . . Taxes accrued, not due. Rentals accrued, not due Profit and loss $4,623,997 85 $200,000 00 250,000 00 3,248,065 75 19,000 00 3.445 82 37.475 82 233.580 41 204,054 54 303,896 43 124,479 08 $4,623,997 85 BROOKLYN RAPID TRANSIT COMPANY SYS- TEM. Brooklyn City Railroad. . • . . . . . . ■ ' • Chartered December 19, 1853. Consolidation of various companies at different times. On February 14, 1893, was leased to the Brooklyn Heights Railroad for 999 years, lessee paying all fixed charges and 10 per cent, on stock of $12,000,000, payable quarterly. A guarantee fund of$4,ooo,- 000 was deposited with trustee to secure fulfillment of terms of lease ; but no dividends are to be paid on Brooklyn Heights Railroad Company stock while fund is below $4,- 000,000. Bonds held in the guarantee fund July i, 1897, OF GREATER NEW YORK. 45 were $1,627,000. First consolidated mortgage bonds of the Brooklyn City Railroad Company valued at $1,871,050 and $2,000,000 first mortgage bonds of the Brooklyn, Queens County and Suburban Railroad Company valued at $2,100,. 000. If lease should be terminated at any time the lessor is to pay the lessee on appraisal any money expended for betterments. Par. Int. Outstanding. Maturity. Capital stock $100 10^ quar. $12,000,000 First Consolidated Mortgage Bonds J500&) li,ooof5^J.&J. First Mortgage Brooklyn Crosstown Railroad i, 000 5^ J. & J. First Mortgage Calvary Cem- etery, Green point & Brooklyn Railroad 1,000 6% J, & D. First Mortgage New Wil- liamsburg & Flatbush Railroad... 1,000 4j9^F.&A. 200,000 July. 1941 First Mortgage Greenpoint & Lorimer 1,000 6%M.&N. First Mortgage Grand Street & Newtpwn Railroad 1,000 5%* A. & O. 6,000,000 July I, 1941 200,000 July I, 1908 200,000 June, 1907 125,000 May I, 1910 200,000 1906 Company owns 201 miles of track in Brooklyn, extending to East New York and Queens County. Gauge 4 feet 8^ inches ; 90 lb. and 94-lb. rail. The consolidated mortgage bonds are subject to call in 1916. Mortgage is a first lien on the lines of the original Brooklyn City Railroad, 93.25 miles, and a second lien on the lines of the consolidated companies. Earnings are in- eluded in report of Brooklyn Heights Railroad Company. The Brooklyn Crosstown Railroad mortgage covers all the franchises, privileges, rights, railroad, equipment, real estate and buildings of the old Brooklyn Crosstown Rail- road. The railroad covered consists of about ten miles ol track. 46 STREET RAILWAYS The Calvary Cemetery, Greenpoint & Brooklyn Rail- road mortgage covers all the property formerly owned by that company. The company owned about six miles of track with necessary real estate, buildings, equipment, &c. The Greenpoint & Lorimer mortgage covers all prop- erty formerly belonging to that company, about five and one-half miles of track, and all equipment, franchises, &c. The Grand Street & Newtown Railroad mortgage cov- ers all the property formerly belonging to that company, with the exception of certain real estate in the Town of Newtown. The company owned about thirteen miles of track, with equipment, &c. ' BROOKLYN RAPID TRANSIT SYSTEM. Brooklyn, Queens County & Suburban Railroad. Chartered November 25, 1893. In January, 1894, was consolidated with the Broadway Railroad Company, the Broadway Ferry & Metropolitan Avenue Railroad and the Jamaica & Brooklyn Road. Owns and operates 44.94 miles of track, extending to East New York, Cypress Hills and Jamaica. Gauge 4 feet, 8^ inches ; 45 to 94-ib. rail. Stock all owned by Brooklyn Rapid Transit Company. Par. Int. Outstanding. Maturity. Capital Stock $ioo $2,000,000 First Mortgage Gold Bonds. . 1,000 5J. &J. 3,500,000 July, 1941. First Consolidated Mortgage . Gold Bonds (authorized ■ " ♦4,500,000) 1,000 5 M. & N. 2,750,000 July, 1941. Jamaica & Brooklyn Koad First Mortgage assumed. . . 1,000 5 J. & J. 240,000 January I, 1930. J^J OF GREATER NEW YORK. 47 The first mortgage bonds are secured by a first lien on railroad, equipment, franchises, real estate and all property of the company now owned, with the exception of twelve miles of track of the Jamaica & Brooklyn Road, on which they are subject to the Jamaica & Brooklyn first mortgage for $240,000, and certain real estate situated in the town of Jamaica, likewise subject to the Jamaica & Brooklyn mortgage. The Jamaica & Brooklyn first mortgage covers that part of the road extending from East New York to Jamaica, twelve miles of track, with fee of land and certain real estate in the Town of Jamaica. All real estate of the Brooklyn, Queens County & Suburban Railroad not required for the operation of the road ma}'^ be released from the lien of the first mortgage at the discretion of the trustee, and sold, and proceeds of said sale applied to the acquisition of the Jamaica & Brooklyn first mortgage bonds at a price satis- factory to the trustee. The consolidated mortgage covers the entire property of the company, subject to prior liens, and is to be a first lien upon all extensions. The bonds secured by the first mort- gage and the consolidated mortgage are subject to call on July I, 1 91 6, at par and interest. $250,000 of consolidated mortgage bonds are in company's treasury. EARNINGS FOR THE YEAR ENDING JUNE 30. ' 1897. 1896. Gross earnings $730,27667 $684,94612 Operating expenses 437.5^2 33 451*129 84 Net earnings 292,774 34 233,816 28 Other income 9>382 46 18,017 49 Gross income.. 302,15680 251,83377 Taxes and fixed charges 357.272 97 345>56i 38 Balance. Deficit, 55, 116 17 Deficit, 93,727 61 n»li«i«^i> '■•■IjiiikM' "Hwa* 48 STREET RAILWAYS GENERAL BALANCE SHEET OF JUNE 30, 1897. Assets. Cost of road and equip- ment $8,380,989 71 Treasury bonds 250,000 00 Open accounts. Supplies on band Betterments Sundries Casb on band Profit and loss Deficit 28,083 62 '.539 59 10.343 "7 4,210 86 70.573 61 366,635 22 »9."2.37S 78 Liabilities. Capital stock $2,000,000 Funded debt 6,490,000 Interest on funded debt due and accrued IH'33 33 Coupon account 48400 00 Loans 395,000 00 Accounts payable 64,642 45 »9. "2.375 78 OF GREATER NEW YORK. EARNINGS FOR YEAR ENDING JUNE 30. 1897. Gross Eamingrs $5i9«374 Net Earnings 196, 106 Otber Income ,. . . 15,943 Interest on Bonds 99i520 Taxes 22,396 Rentals, etc 9.49' Surplus 80,642 GENERAL BALANCE SHEET, JUNE 30, 1897. 49 1896. $551,388 214.541 14.153 98,012 22,055 9.580 99.048 BROOKLYN CITY AND NEWTOWN RAILROAD. Chartered May 22, i860. Electricity adopted as motive power in 1893. Owns 18.75 ^iles of track. Gauge 4 feet 8^ inches; (^ to 98-lb. rail. Int. Outstanding. Maturity. Par. Capital stock $ioo First Mortgage Bonds i,ooo 5% J- & J Real Estate Mortgages, 1897. . 1894. 1895. Dividends paid \\% 11^ February. May. Dividends paid in 1897 \\% \\^ $1,000,000 2,000,000 July I, 1939 191,606 1896. 10% August. In August, 1897, an additional issue of $1,000,000 capital stock was authorized to acquire a controlling interest in the Coney Island & Brooklyn Railroad. Both roads to be operated as one in future. The first mortgage covers all railroad, equipment, real estate and improvements thereon, franchises, leases and all other property now owned or hereafter acquired. Mer- cantile Trust Co., trustee. / Assets. Cost of road and equip- ment $3,261,743 Permanent Investments 9>37 1 Supplies on hand I3«356 Accrued Interest 99>520 Due on open Accounts .... 15*863 Cash on hand 59 745 ♦3,459.598 Liabilities. Capital Stock $1,000,000 Funded Debt 2,000,000 Loans 1,000 Interest on Funded Debt . . . 50,000 Open Account, etc 44*244 Mortgage on Real Estate. . . 191,606 Profit and Loss 172,748 ♦3.459,598 Directors: John N. Partridge, Thomas Ennis, John L. Heins, Thomas Clark, Jr., Louis Fitzgerald, Henry B. Hyde, Alfred WagstaflF. Officers: President, John L. Heins; Vice-President, Louis Fitzgerald ; Secretary and Treasurer, Duncan B. Cannon. General Office, 120 Broadway, New York. Executive Office, DeKalb and Central Avenues, Brooklyn. ■I 50 STREET RAILWAYS OF GREATER NEW YORK. 51 CONEY ISLAND & BROOKLYN RAILROAD. Chartered December lo, i860. Purchased the Prospect Park & Flatbush Railroad in April, 1891. Electricity adopted as motive power in 1890. Owns 25 miles of track, extending from Brooklyn to Coney Island, with branches. Cars will be run over Brooklyn Bridge. Control of stock obtained by Brooklyn City & Newtown Railroad in July, 1897. Gauge, 4 feet Sj4 inches ; 60 to 90-lb. rail. Par. Capital Stock $ioo First mortgage bonds i,ooo Certificates of Indebtedness, i , ooo Interest. Outstanding. Maturity. 6% quarter. 5%J.&J. 5% J.&J. $1,000,000 300,000 400,000 Jan. I, 1904 Jan. I, 1910 $1,500,000 mortgage bonds authorized 1897, of which $700,000 are to be reserved to retire prior issues. 1894. Dividends paid 5^ Dividends paid 1897, Jan., 1^% 1895. ^% April, H% 1896. 5% July. H% The first mortgage covers all railroad, equipment, franchises, rights, real estate, except the Coney Island property of the Company, and all other property now owned or hereafter acquired. Brooklyn Trust Company is trustee. EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. 1896. Gross Earnings $337,273 $363,947 NetEamings 104,596 139,648 Other Income 2,190 3.269 Interest, Taxes, etc 52,669 55.^9 Balance 54»ii7 87,018 Dividends paid 60,000 70,000 y KINGS COUNTY TRACTION COMPANY. Incorporated in March, 1896, and purchased the assets of the Brooklyn Traction Company, consisting of the entire capital stock of the Atlantic Avenue Railroad Company and of the Brooklyn, Bath & West End Railroad Company. In 1896 the Atlantic Avenue and Brooklyn, Bath & West End lines were leased to the Nassau Electric Railroad for 969 years at a rental of $150,000 for the first two years and $180,000 thereafter, the lessee to pay all charges and to spend $500,000 in improvements. Consequently the com- pany is not an operating company, but merely receives the rental from the Nassau Electric Railroad Company and distributes it to the stockholders of the Traction Company. Capital Stock $4,500,000 Dividends i per cent, each were paid January 25 and July 26, 1897. LONG ISLAND ELECTRIC RAILWAY. Incorporated March, I894. Road extends from terminus of Kings County Elevated Railroad to Jamaica, Queens and Far Rockaway. 24 miles of track. Par. Int. Outstanding. Maturity. Capital Stock (Authorized $600,000) $100 First Mortgage Gold Bonds (Authorized $600,000).. 1,000 $280,000 $% J. & D. $220,000 June I, 1925 The mortgage covers all railroad, equipment, leases, rights, privileges, franchises, real estate and all other prop- erty now owned or hereafter acquired. Hamilton Trust Company, trustee. T -«96 Other Income 64,712 Total Income 779.9o8 Fixed Charges 709f3>o Surplus 70.598 53 1896. $715,942 439.903 276,039 18925 294,964 238,714 56,250 Directors : Albert L. Johnson, A. J. Moxham, J. M. Ed- wards, Tom L. Johnson, P. H. Flynn, F. C. Cohen, S. B. Butcher, W. F. Ham, F. S- Drake. Officers : President, A. L. Johnson; Secretary, W. F. Ham ; Treasurer, Tom L. Johnson ; Genl. Supt., F. S. Drake. Office, 268 Twenty-third Street, Brooklyn, N. Y. NASSAU ELECTRIC SYSTEM. Atlantic Avenue Railroad. Chartered May i, 1872. Owns the capital stock of the South Brooklyn Central Railroad ; also the right, franchises road and equipment of the city division of the Prospect Park & Coney Island Railroad, and a controlling interest in the Brooklyn, Bath & West End Railroad. Road was leased to the Nassau Electric Railroad on March 4, 1896 (for lease see Kings County Traction Co.). Owns 42.62 '^^^H'wi's^mmiif 54 STREET RAILWAYS miles of track. Guage 4 feet, S}4 inches. 47 to 90-lb. rail. Entire capital stock owned by Kings County Traction Company. Par. Interest. Outstanding. Maturity. Capital Stock $50 $2,000,000 General Mortgage Bonds 1,000 5% A. & O. 759,000 Oct. i, 1909 Consolidated Mortgage Gold Bonds (authorized $3,000,- 000) i.ooo 5%A.&0. 2,241,000 Oct. I, 1931 Imp. Mortgage Gold Bonds 1,000 5% J. & J. 1,500.000 Jan. i, 1934 Real Estate Mortgages 212,500 The consolidated and improvement mortgages both cover all the road operated as well as gj4 miles of double track steam road leased to the Long Island Railroad, lying in Atlantic Avenue, east of Flatbush Avenue, in Brooklyn, to Jamaica. Consolidated mortgage bonds are reserved to retire the general mortgage bonds at maturity. The im- provement mortgage bonds were issued in 1893 to fund the floating debt created by change of motive power and other betterments. The general mortgage covers all railroad, equipment, real estate, franchises, leases, buildings, and all other prop- erty. Any real estate not necessary for the operation of the road may be released from the lien at the discretion of the trustee and sold. Proceeds of such sale not used for the purchase of new lands or in construction or for equip- ment are to be applied to the purchase of general mortgage bonds in the open market. Brooklyn Trust Co., trustee. OF GREATER NEW YORK. 55 NASSAU ELECTRIC SYSTEM. Brooklyn, Bath & West End Railroad. Reorganization in December, 1895, of the Brooklyn, Bath ' & Coney Island Railroad. In 1893 adopted electricity as motive power. On March 4, 1896, leased to the Nassau Electric Railroad Company for 969 years (for lease see Kings County Traction Co.). Owns 17.07 miles of track. Leases 2.5 miles. Total operated, 19.57. Road extends from 36th Street via Bensonhurst to Coney Island. Gauge 4 feet, 8J^ inches ; 50 to 56-lb. rail. Par. Interest Outstanding. Maturity. Capital Stock ;... $ioo $1,000,000 First Mortgage, Series A...... 1,000 $%]•&]. 250,000 Jan. i, 1907 First Mortgage, Series B 1,000 5%" A. & O. 250,000 Jan. i, 1916 Second Mortgage (authorized $100,000) 1,000 5%'J. &D. 52.000 June I, 191 1 General Mortgage (authorized $1,000,060) 1,000 5%'A. &0. 448,000 Oct., 1933 Real Estate Mortgage 23, 100 Bonds are guaranteed by the Atlantic Avenue Railroads First mortgage bonds, Series A and B, are redeemable in 1897. First mortgage bonds, Series A and B,are secured by the same mortgage for $500,000. Series A are to be a first lien, however, and Series B a second lien. Mortgage covers all property, real and personal, including railroad, franchises, equipment, etc. The second mortgage covers all the property covered by the first mortgage and bonds are redeemable after five years. The general mortgage covers all railroad, equipment, franchises, and all other property now owned or hereafter • ir^v i^^^ 4*1* 'jg .A ^^*>'r*r' ilWi i M i i r 56 STREET RAILWAYS acquired, with the exception of certain pieces of real estate. Sufficient general mortgage bonds are reserved to retire prior issues. VAN BRUNT STREET & ERIE BASIN RAILROAD. Chartered February 15, :86i. Operates 3 miles of track. A horse road, 4 feet, 8^ inches gauge ; 45.1b. rail. Par. Interest Outstanding. Maturity. Capital Stock $10 $200,000 First Mortgage Bonds 6^^ A. & O. 25.000 April i, 1902 The mortgage covers all railroads, equipment, fran- chises, real estate, buildings, and all other property now owned or hereafter acquired. Bonds were redeemable at option of company in 1887. Directors; Michael Murphy, Wyllys Terry, Joseph White, Michael J. CoflFee, David W. Binns, Thos. J. Cunningham, John F. Murphy. Officers; President, Michael Murphy; Secretary and Treasurer, Wyllys Terry. OflBce, 264 Van Brunt Street, Brooklyn. BROOKLYN CABLE COMPANY. Chartered November 10, 1886. Built a double track cable road on Park Avenue, 3.75 miles of track. Proposed to extend to Evergreen Cemetery, and claims that Atlantic Avenue Railroad agreed to obtain right of way. This was not done and Cable Company is suing the Atlantic Avenue Railroad Company for breach of contract In the mean- f >p OF greater new YORK. 57 time, constructed portion of road is operated by electricity by the Atlantic Avenue Railroad Company as part of its system. Par. Interest. Outstanding. CapiUl Stock .*.. $300,000 First Mortgage Bonds |i,ooo 65i^M&S. 150,000 Suit for foreclosure of mortgage was brought in Decem- ber, 1894, and litigation is still in progress. Mortgage covers all the property of the company, including real estate and franchises. BROOKLYN ELEVATED RAILROAD. Chartered May 26, 1894. Consolidated October 27, 1890, with the Union Elevated Railroad. Owns 16.91 miles of double track elevated railroad. Leases the Seaside & Brooklyn Bridge Elevated Railroad, 3.17 miles of double track road. Operates in all by steam 20.08 miles. Gauge 4 feet 8J inches, 60 to 85-lb. rail. On March 25, 1897, com- pany was placed in the hands of a Receiver. The re- organization plan provides for the foreclosure of the Brook- lyn, the Union and the Seaside & Brooklyn Bridge mort- gages, and the transfer of the properties to a new company capitalized as follows : Par. Interest. Outstanding. Maturity. Common Stock.. $13,000,000 Preferred Stock, $% non-cum. . 5,000,000 First Mortgage Gold Bonds. ... A&5% 16,000,000 1950 semi-annually Bonds to bear interest at 4 per cent, until 1905 and 5 per cent, thereafter. Mortgage to cover all the franchises of the company and all property now owned or hereafter acquired. 68 STREET RAILWAYS Under the plan the former security holders are to receive as follows : For each— Cash. New ist. Mtg. Pfd. Stock. Com. Stock. Brooklyn Elevated First Mort- gage $i,ooo Bond $2cv $i,ooo 200 Union Elevated First Mortgage $1,000 Bond 20 1,000 •• ■ 200 Seaside Elevated First Mortgage $1,000 Bond (paying $100 assessment) 20 1,000 $100 Brooklyn Elevated Second Mort- gage $1,000 Bond (paying $200 assessment) 14 700 500 Union Elevated Second Mortgage $1,000 Bond (paying $100 assessment) 600 500 Brooklyn Elevated Stock (paying $10 assessment) 10 . ye Pending reorganization, $20 cash will be paid for each coupon of the Brooklyn Union & Seaside First Mortgage bonds, maturing after April, 1897. $14 cash will be paid for coupons of the second mortgage bonds of the Brooklyn Elevated Railroad. The cash assessments aggregate $1,921,506, and are to be paid as called for by the reorgani- zation committee. By this arrangement only $11,890,000 first mortgage bonds will be required, the interest on which at 4 per cent, amounts to $475,600. The taxes are estimated at $108,000, making total fixed charges of $583,600 against former fixed charges of $882,083. Capitalization of the Company before reorganization : Par. Interest. Outstanding. Maturity. Common Stock $100 $13,283,600 First Mortgage Gold Bonds 1,000 6%'A.&0. 3,500,000 Oct I, 1924 Second Mortgage Gold Bonds. . i,coo SXJ- & J* 1,250,000 July i, 1915 Union Elevated Bonds assumed : First Mortgage Gold Bonds 1,000 6% M. & N. 6, 150,000 May 1, 1937 Second Mortgage,including non- cumulative. . . 1,000 5XJ«&J» 2,068,000 Jan. I, 1927 Guaranteed Bonds: Seaside and B. B. First Mort. gage S>i>J-&J- 1,365,000 Julyi, 1942 OF GREATER NEW YORK. EARNINGS FOR THE YEAR ENDING JUNE 30. 1897. Gross Earnings $1,669,583 Operating Expenses I,03S,I70 Net Earnings 634,413 Fixed Charges 882,955 Deficit ; 248, 542 59 1896. $1,861,758 1,102,207 759*551 860,276 100,725 Municipal taxes for 1895 and 1896 have not been paid; but are being contested in the courts. More than 80 per cent, of the old securities were deposited under the reor- ganization plan, and the plan is now being put into effect. Reorganization Committee : F. P. Olcott, J. N. Wal- lace, A. H. Joline, James T. Woodward, Chas. Parsons, Ernst Thalman, Leonard Lewisohn. Receiver, Fred'k Uhlman. BROOKLYN ELEVATED RAILROAD SYSTEM, Seaside & Brooklyn Bridge Elevated Railroad. Chartered in 1890 to build extensions to the Brooklyn Elevated Railroad. Owns 3.17 miles of double track leased to the Brooklyn Elevated Railroad. Pftr. Interest Outstanding. Maturity. Capital Stock $100 $1,000,000 First Mortgage Bonds 1,000 $%].&]. 1,365,000 July, 1942 Included in reorganization plan given under Brooklyn Elevated Railroad. JIHT" 60 STREET RAILWAYS KINGS COUNTY ELEVATED RAILROAD. Chartered January 6, 1879. I" May, 1895, absorbed the Fulton Elevated Railway Company. Leases part of the Brooklyn & Brighton Beach Railroad, about 3.5 miles, and operates through trains between Brooklyn Bridge and Brighton Beach. On August 31, 1896, road was placed in the hands of a receiver and company is now being reorganized. Road extends through Fulton Street to new City line. 21.72 miles of track. Gauge, 4 feet 8 J inches; 60 to 70-lb. rail. Electricity is to be adopted as motive power and cars are to be run over Brooklyn Bridge. Par. Interest. Outstanding. Maturity. Capital Stock $100 $4,750,000 First Mortgage Gold Bonds. 1,000 6% J. & J. 200,000 Jan. I, 1925 First Mortgage Gold Bonds.. i,ooo $%].&]. 3,231,000 Jan. 1,1925 Fulton Elevated, First Mort- gage "A" 1,000 $%M.&S. 2,543,000 Mch. i, 1929 Kings County Elevated, Sec- ond Mortage Collateral Trust Income — "A"— $1,000,000 Inc., cum 6% 996.000 Apl. i, 1938 ** B " Inc., cum 6% 453^000 Apl. i, 1938 Income Debentures, non.cum 6% 3,274,500 Apl. i, 1938 Car Trusts— 14,000 each 6% F. & A 24,000 1898-1903 Second Mortgage 1,000 5%A. &0. 258,000 Apl. i, 1938 Funded Coupon Scrip 6j^Apl. ist 8,550 Apl. I, 1900 The first mortgage originally provided for an issue of 6 per cent, currency bonds, but the rate was changed to 5 per cent., principal and interest payable in gold. The second mortgage coupons accruing from April i, 1890, to October I, 1892, inclusive, were funded into ten year coupon scrip, due 1900. In 1893 the company decided to convert the second mortgage bonds and one year's interest thereon into 1 OF GREATER NEW YORK. 61 6 per cent, non-cumulative income debentures, and its coupon scrip and six months' interest thereon into 6 per cent, cumulative second mortgage collateral trust income bonds, series '* B," and to create a 6 per cent, cumulative second mortgage collateral trust bond, series " A," having priority over series** B," with which to pay off the floating debt and for future needs. The collateral trust bonds are se- cured by a deposit of $3, 11 5,000 of the old second mortgage bonds, and are a second lien upon all the property, includ- ing the Fulton Elevated. KINGS .COUNTY ELEVATED RAILWAY— GENERAL BALANCE SHEET, JUNE 30. Assets. 1897. 1896. Cost of Road and Equipment $14*777.332 $14,675,776 Supplies on hand 24,111 19,668 Stocks and Bonds of other Companies. 544.25© 360.500 Due by Companies and Individuals 250,340 117.136 Cash on hand 4.7>8 88,300 Second Mortgage Bond Subscription 63,200 63,200 Deferred Interest on Second Mortgage, funded 689,557 689,557 Profit and Loss Deficit 332.291 128,283 Total Assets $16,685,799 $16,142,420 Liabilities. Capital Stock— Common $4,750,000 $4,750,000 Funded Debt - 10,965,112 10,692,689 Equipment Lease Warrants 29,040 34. 720 Loans and Bills Payable 217,500 223,700 Interest on Bonds Due and Accrued 346,041 132,216 Due for Wages and Supplies 63,064 64, 185 Open Accounts 121,228 14,810 Mortgage on Real Estate 38,500 38,500 Interest on Second Mortgage Bonds 36,796 39,220 Accrued Taxes and Miscellaneous 1 18,518 I5'»505 Subscription for Second Mortgage Income Bonds 875 Total Liabilities $16,685,799 $16, 142,420 62 STREET RAILWAYS OF GREATER NEW YORK. KINGS COUNTY ELEVATED RAILWAY— EARNINGS FOR YEAR ENDING JUNE 30. 1897. Gross Earnings '. $725,312 Operating Expenses 549*832 Net Earnings 175,480 Other Income 17.562 Net Income 193,042 Fixed Charges 392,805 Deficit I99>763 « 1896. ♦767,337 512,752 254,585 14,600 269,185 365.231 96,046 LONG ISLAND CITY. T '-'■'^-^^'■" i S ii ii^ pimi St ^. timhtmnfeiiKmm W > i - STREET RAILWAYS OF GREATER NEW YORK. 05 STREET RAILWAYS IN LONG ISLAND CITY. New York & Queens County Railway. Incorporated June 26, 1896. Organized for the purpose of acquiring the property and franchises of the Long Island City & Newtown Railroad, which was sold under foreclosure, also the capital stock of the Steinway Railway Company, the Newtown Railway Company, the Riker Avenue and Sandford's Point Railway Company and the Flushing & College Point Electric Railway, and to merge them into the New York & Queens County Railway Com- pany. The company now operates these roads, forming the entire street railroad system of Long Island City, with branches to Middle Village, Flushing and College Point, about 60 miles of track altogether. The Electric Illumin- ating & Power Company likewise is owned by the New York & Queens County Railway, the net earnings from that source amounting to about $30,000 per annum. Par. Interest. Outstanding. Maturity. Capital Stock (authorized $2,500,000) $100 $2,000,000 First Con. Mortgage Gold Bonds, authorized $4,- 200,000 1,000 s^A. &0. 2,000,000 1946 First Mortgage Flushing & College Point 1.000 5%J. &D. 50,000 I9»S First Mortgage Newtown Railway 1,000 5%J.&D. 150,000 Dec., 1924 First Mortgage Steinway Railway. Gold 1,000 6%J. &J. 1,500,000 July i. 1922 $1,700,000 of the first consolidated mortgage bonds are reserved to retire prior liens and $500,000 are reserved for equipment and extensions. Ml i ^ STREET RAILWAYS EARNINGS FOR THE YEAR ENDING JUNE 30, 1897. Gross Earnings $404,459 Operating Expenses 232,407 Net Earnings 172,052 Other Income 69,543 Total Income 241,595 Fixed Charges 215,947 Surplus 25,648 The New York & Queens County consolidated mort- gage covers all railroad, equipment, real estate, buildings, &c., subject to prior liens of constituent companies on forty-five miles of track, as well as franchises, privileges and all other property now owned or hereafter acquired. Sufficient bonds are reserved to retire the prior liens at maturity; but in the meantime the company is not to assume or to become liable for them. The Steinway Railroad first mortgage covers thirty-two miles of railroad, equipment, franchises, leases and all other property of every description belonging to the Stein- way Railway Company. The Newtown Railway bonds are secured by a first mortgage on all railroad, about 8.75 miles of track, equip- ment, real estate, buildings, franchises, &c., of the New- town Railway Company. The real estate consists of one lot in the town of Corona and two lots in the town of Newtown. The Flushing & College Point mortgage covers all rail- road, about 4.25 miles of track, extending from Flushing to College Point, equipment, real estate, buildings, fran- chises, privileges, &c., of the Company. The mortgage authorized an issue of fifty preference bonds, numbered from one to fifty, and seventy- five ordinary bonds, num bered from fifty-one to one hundred and twenty-five. Preference bonds to bear interest at the rate of five per OF GREATER NEW YORK. «?; cent, per annum, and to have a first lien, to remain until company has for three successive years paid out of its net earnings interest at the rate of five per cent, per annum upon both preference and ordinary bonds, whereupon all preference of lien shall cease, and all bonds are to be en- titled to the same interest and same security under the mortgage. Up to the present time only the preference bonds have been issued. From July, 1894, to April, 1895, the road was in the hands of a Receiver. : V 1938RI I ■^•■•i«^WW«»'*V!IW»«W*/" .>>^ r •■».jwTg-:-v-:^.-.. >cr- COLUMBIA UNIVERSITY LIBRARIES This book is due on the date indicated below, or at the expiration of a definite period after the date of borrowing, as provided by the library rules or by special arrangement with the Librarian in charge. D540 R248 OATK BORROWED OATK DUE DATE BORROWED DATE DUE 1 1 ! C28(747; MlOO Street Railways of Greater N Y i i"-^" k»: ;^y: :*- -V'^ ■•^' '•!•.', I &'. •i^v h-t ':M5i >■ ^ -.1 flfc=ft' A J 4K ■ty 't ■oa^j ..^ Jl^f^f^ '^%#-^ END OF TITLE