EMPLOYÉS AND SALARIES. General officers, 4. Under terms of lease salaries of officers and employés are paid and reported by Southern Pacific Company, lessee. A. Owned by Company Making this Report, but Operated by Another Company. 238.83 Name of Operating Company. 295.54 Operated by railroad employés, who report to Western Union Telegraph Company for commercial business. B. Owned by Another Company, but Located on Property of Road Making this Report. 228.72 982.88 Western Union Telegraph Co....Western Union Telegraph Co. SUBJECTS REPORTED UPON BY LESSEE. 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, Charles F. Crocker, President, and N. T. Smith, Treasurer, of the Northern Railway 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. CHARLES F. CROCKER, N. T. SMITH, President. Treasurer. Subscribed and sworn to before me, this fourteenth day of September, 1894. E. B. RYAN, NORTHERN CALIFORNIA RAILWAY COMPANY. HISTORY. 1. Name of common carrier making this report: Northern California Railway Company. 2. Date of organization: September 3, 1888. 3. Under laws of what Government, State, or Territory organized: General railroad laws of the State of California. 6. Name of original corporation, and laws under which it was organized: Chartered as California Northern Railroad Company, June 29, 1860. January 1, 1885, transferred to Northern California Railroad Company, whose charter dates September 6, 1884. January 28, 1889, transferred to existing corporation. 7. Carrier operating the road of this company: Southern Pacific Company. ORGANIZATION. Names of Directors: Charles F. Crocker, W. E. Brown, F. S. Douty, H. E. Huntington, and N. D. Rideout, all of San Francisco. Date of expiration of terms of Directors: January 2, 1895. Last meeting of stockholders for election of Directors: January 2, 1894. Post Office address of general and operating office: San Francisco. Operating officers are reported by Southern Pacific Company, lessee. PROPERTY LEASED OR OTHERWISE ASSIGNED FOR OPERATION. Northern California Railway: Oroville to Knight's Landing, 53.60 miles. All operated by Southern Pacific Company, lessee. Leased to the Southern Pacific Company, June 1, 1889, for term of forty years. The lessee makes all expenditures, including betterments and interest on the funded debt, and provides a sinking fund for redemption of mortgage bonds. The balance, after such payments, is for the account of lessee. CAPITAL STOCK. The total par value of authorized capital stock is $1,280,000, divided into 12,800 shares of a par value of $100 each. The total amount issued and outstanding is $1,280,000. No dividends were declared. There were 12,800 shares issued; cash realized, $1,280,000. FUNDED DEBT. In 1889 first mortgage bonds to the amount of $1,100,000 were authorized to be issued; amount issued and outstanding, $1,074,000; cash realized upon amount issued, $1,074,000. These bonds are to run forty years; bear 5 per cent interest, payable semi-annually, in June and December. The amount of interest accruing during the year was $51,012 50; amount paid, $48,600. Interest accrued during the year, $51,012 50; interest paid during the year, $48,600. COST OF ROAD, Equipment, AND PERMANENT IMPROVEMENTS. Item. Construction $129,000 00 Construction-Rails Total cost of construction, equipment, etc., to June 30, 1893, $2,225,000; total cost to June 30, 1894, $2,354,000; cost per mile, $43,917 90. During the past year the sum of $129,000 has been paid for relaying the track with steel rails, from Marysville to Oroville, a distance of 25 miles, in accordance with agreement for the completion of the company's railway, and the terms of the lease. INCOME ACCOUNT. Income from lease of road, interest payable by lessee, $51,012 50. December 1, 1893, new bonds amounting to $129,000 were issued under the authorized issue of the first mortgage to provide for the relaying of track with steel rails between Marysville and Oroville, a distance of 25% miles. Amount of mortgage per mile of line, $20,000. All equipment mortgaged. EMPLOYÉS AND SALARIES. General officers, 3. Salaries of officers and employés under terms of lease are paid and reported by Southern Pacific Company, lessee. Oroville to Knight's Landing: Length, 53.6 miles; number of curves, 63; aggregate length of curved line, 9.03 miles; length of straight line, 44.57 miles; length of level line, 18.54 miles; number of ascending grades, 74; sum of ascents, 338.1 feet; aggregate length of ascending grades, 26.79 miles; number of descending grades, 44; sum of descents, 179.3 feet; aggregate length of descending grades, 8.27 miles. A. Owned by Company Making this Report, but Operated by Another Company. Miles of Miles of 27.70 Name of Operating Company. 27.70 Operated by employés of railroad company, who report to Western Union Telegraph Company for commercial business. B. Owned by Another Company, but Located on Property of Road Making this Report. |