TELEGRAPH OWNED BY ANOTHER COMPANY, BUT LOCATED ON PROPERTY OF ROAD Information upon the following subjects is reported by the Southern Pacific Company, lessee of the road of this company: Earnings from Operation. Rentals Received. 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. We, the undersigned, N. T. Smith, Vice-President, and J. L. Willcutt, Treasurer, of the California 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 fourteenth day of September, 1894. E. B. RYAN, NORTHERN RAILWAY COMPANY. HISTORY. 1. Name of common carrier making this report: Northern Railway Company. 2. Date of organization: May 15, 1888. 3. Under laws of what Government, State, or Territory organized: State of California general railroad laws. 4. Names of the constituent companies: 5. Date of consolidation: May 5, 1888. Authority: General railroad laws of California. 7. Carrier operating the road of this company: Southern Pacific Company. ORGANIZATION. Names of Directors: Chas. F. Crocker, C. G. Lathrop, N. T. Smith, W. V. Huntington, H. E. Huntington, all of San Francisco. Date of expiration of terms of Directors: April 10, 1895. Number of stockholders at date of last election: 56. Last meeting of stockholders for election of Directors: April 11, 1894. Post Office address of general and operating office: Fourth and Townsend Streets, San Francisco. Operating officers are reported by Southern Pacific Company, lessee. Location of Office. -San Francisco. San Francisco. San Francisco. San Francisco. All operated by Southern Pacific Company under lease. The property of this company is leased to the Southern Pacific Company for 99 years, from July 1, 1888. The lessee is to operate the property, and out of the income derived therefrom is to pay the expenses of operation, maintenance, taxes, corporation expenses, and the interest on bonded and floating debt. Of the net income remaining after such payments, so much thereof as shall amount to six (6) per cent on its capital stock is to be paid to this company, the balance to be retained by the lessee. Betterments and additions to the leased property are to be made by the lessee, and the payments therefor become annually a charge to this company. Majority of capital stock of this company is held by the Southern Pacific Company. Acquired in 1888. CAPITAL STOCK. The total par value of authorized capital stock is $26,175,000, divided into 261,750 shares of a par value of $100 each. The total amount issued and outstanding is $12,896,000. No dividends were declared. Owing to consolidations it is impossible to trace the manner of payment for stock. There were 128,960 shares issued; cash realized, $12,896,000. Bonds delivered to contractors in payment for construction, and exchanged for bonds of consolidated companies. Interest payable by lessee. Interest accrued during year, $546,910; interest paid by lessee during year, $548,085. Construction: Real estate. Fences RECAPITULATION. Apportion Account. Amount ment to Rail- Miles. Amount Per Mile of Road. $12,896,000 00 $12,896,000 00 389.38 $33,119 32 25,443 01 389.38 $58,562 33 COST OF ROAD, EQUIPMENT, and Permanent IMPROVEMENTS. $1,462 45 205 31 766 55 1,050 67 1,049 02 13 45 7,069 33 254 11 232 62 $12,103 51 Cr. $1 00 15,623 97 5,268 14 $20,891 11 $32,994 62 Total cost construction, equipment, etc., to June 30, 1893, $24,700,622 58; mile of road cannot therefore be correctly stated. On account of consolidation, details cannot be shown. |