We, the undersigned, F. Korbel, President, and J. Korbel, of the Arcata and Mad River 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. President. F. KORBEL, Subscribed and sworn to before me, this seventh day of August, 1894. EEL RIVER AND EUREKA RAILROAD COMPANY. HISTORY. 1. Name of common carrier making this report: Eel River and Eureka Railroad Company. 2. Date of organization: November 14, 1882. 3. Under what laws organized: Laws of the State of California. Names of Directors. ORGANIZATION. Post Office Address. John M. Vance C. L. Rose.. H. H. Buhne, Jr.. Eureka, Cal. Eureka, Cal. Salmon Creek, Cal. San Francisco, Cal. Eureka, Cal. South Bay, Cal. Eureka, Cal. Date of expiration of term of Directors: January 8, 1895. Total number of stockholders at date of last election: 7. Date of last meeting of stockholders for election of Directors: Second Tuesday in January of each year. Post Office address of general and operating office: Eureka, Cal. PROPERTY OPERATED. The Eel River and Eureka Railroad is operated by main line from Eureka to Burnells, a distance of 25 miles. CAPITAL STOCK. The total par value of authorized capital stock is $1,200,000, divided into 12,000 shares of a par value of $100 each. The total amount issued and outstanding is $480,000. A dividend was declared at the rate of 21⁄2 per cent, which amounted to $12,000. Manner of payment for capital stock: Issued for cash, 4,800 shares; amount realized, $480,000. FUNDED DEBT. On October 1, 1883, and July 9, 1892, first mortgage bonds to the amount of $600,000 were authorized to be issued. The amount issued and now outstanding is $488,000, upon which amount but $487,700 cash was realized. These bonds mature on December 1, 1903, and bear 6 per cent interest, payable semi-annually, in April and October. There accrued $29,280 interest; interest to the amount of $29,280 was paid. RECAPITULATION OF FUNDED DEBT. Mortgage bonds.... Class of Debt. Interest accrued during year, $29,280; interest paid during year, $29,280. CURRENT ASSETS AND LIABILITIES. Amount Issued and Now Outstanding. $488,000 00 Cash and Current Assets Available for Payment Current Liabilities Accrued to and Including of Current Liabilities. Cash Due from agents.. Total June 30, 1894. COST OF ROAD, EQUIPMENT, AND PERMANENT IMPROVEMENTS. Item. June 30, Including Permanent Construction Total Cost to Total Cost to Cost per Mile or June 30, 1894. Contract with Wells, Fargo & Co.'s Express to carry treasure boxes and other express from Eureka to all express offices on the line of this road. United States mails from Eureka and Hydesville, and way stations. Freight contract with Pacific Lumber Company to transport lumber from Alton Junction to South Bay, and material for constructing and equipping their road. Freight contract with Milford Land and Lumber Company to transport lumber from their Salmon Creek Mill to South Bay. |