TELEGRAPH. A. Owned by Company Making this Report, but Operated by Another Company. Miles of Miles of Name of Operating Company. 1,355.85 3,217.59 Operated by railroad employés, who report to Western Union Telegraph Co. for commercial business. B. Owned by Another Company, but Located on Property of Road Making this Report. Information under the following headings is reported by the Southern Pacific Company, the lessee of the road of this company: Earnings from Operation. Operating Expenses. Rentals Paid. Contracts, Agreements, Etc. Passenger and Freight, and Train Mileage. Freight Traffic Movement. Description of Equipment. Renewals of Rails and Ties. Consumption of Fuel by Locomotives. Accidents to Persons. Car Mileage. STATE OF CALIFORNIA, City and County of San Francisco.} SS. We, the undersigned, Isaac L. Requa, President, and W. M. Thompson, Secretary, of the Central Pacific Railroad Company, on our oath, do severally say that the foregoing return has been prepared, under our direction, from the original books, papers, and records of said company; that we have carefully examined the same, and declare the same to be a complete and correct statement of the business and affairs of said company in respect to each and every matter and thing therein set forth, to the best of our knowledge, information, and belief; and we further say that no deductions were made before stating the gross earnings or receipts herein set forth, except those shown in the foregoing accounts; and that the accounts and figures contained in the foregoing return embrace all of the financial operations of said company during the period for which said return is made. Subscribed and sworn to before me, this second day of October, 1894. Treasurer. E. B. RYAN, SOUTH PACIFIC COAST RAILWAY COMPANY. HISTORY. 1. Name of common carrier making this report: South Pacific Coast Railway Company. 2. Date of organization: May 21, 1887. 3. Under laws of what Government, State, or Territory organized: State of California. 4. Names of constituent companies: Name of Company. Santa Cruz and Felton Railroad Company South Pacific Coast Railway Company Bay and Coast Railroad Company Oakland Township Railroad Company. San Francisco and Colorado River Railroad Company Felton and Pescadero Railroad Company. Alameda Branch Railroad Company Date of Incorporation. -November 13, 1874. April 16, 1887. 5. Date of consolidation: May 21, 1887. Authority: General railroad laws of California. 7. Carrier operating the road of this company: Southern Pacific Company. Last meeting of stockholders for election of Directors: April 12, 1894. San Francisco. ..San Francisco. New York. .New York. Post Office address of general office: Fourth and Townsend Streets, San Francisco. Operating officers are reported by Southern Pacific Company, lessee. PROPERTY LEASED OR OTHERWISE ASSIGNED FOR OPERATION. Name of Road. South Pacific Coast Railway: San Francisco to Santa Cruz Junction South Big Trees to Old Felton.. Alameda Ferry: San Francisco Bay-San Francisco to Alameda Total mileage.... Miles. 77.60 1.80 3.00 9.60 7.30 1.70 3.00 104.00 Operated by Southern Pacific Company under lease. The property of this company is leased to the Southern Pacific Company for 55 years from July 1, 1887. Out of the income from the property the lessee is to pay the expenses of operation, maintenance, taxes, corporation expenses, interest on bonded and floating debt, betterments, and additions, and all other charges. The balance remaining after such payments is retained by, or the deficit, if any, is charged to, the lessee. Majority of capital stock of this company acquired by Southern Pacific Company, July 1, 1887. CAPITAL STOCK. The total par value of authorized capital stock is $6,000,000, divided into 60,000 shares of a par value of $100 each. The total amount issued and outstanding is $6,000,000. No dividends were declared. Owing to consolidation, it is impossible to trace the manner of payment. There were 60,000 shares issued and the total cash realized was $6,000,000. FUNDED DEBT. In July, 1887, first mortgage bonds to the amount of $5,500,000 were issued to pay for the road. The entire issue is now outstanding. These bonds are to run fifty years, and bear 4 per cent interest, payable in January and July. The amount of interest accruing during the year was $220,000, which was paid by lessee. Interest accrued during year, $220,000; interest paid by lessee during year, $220,000. Capital stock and bonds cover railroad, telegraph line, rolling stock, ferry and transfer steamers, etc.; amount on each cannot be separated. COST OF ROAD, EQUIPMENT, AND PERMANENT IMPROVEMENTS. Expenditures for year are reported by Southern Pacific Company, lessee. Total cost of construction and equipment to June 30, 1894, $11,500,000; cost per mile, $113,861 39. Owing to consolidations it is impossible to show details. Total cost of construction and improvements includes ferry and transfer steamers; the amount per mile of road therefore cannot be correctly stated. STOCKS AND BONDS OWNED. This company owns neither stocks nor bonds. INCOME ACCOUNT. This company has no income, as its property is operated by lessee in consideration of receiving all revenue therefrom, and paying all expenses in connection therewith. Mortgage covers railroad, telegraph lines, rolling stock, ferry and transfer steamers. Amount for each cannot be separated. EMPLOYES AND SALARIES. Salaries of officers and other employés under lease are paid and reported by Southern Pacific Company, lessee. |