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N. W. Harris & Co.

BANKERS

PINE STREET, Corner WILLIAM

NEW YORK
CHICACO BOSTON



BONDS FOR INVESTMENT



HENDERSON & CO.

24 NASSAU STREET,
NEW YORK.

BANKERS



BUY AND SELL

Government, Municipal and Railroa
also entire issues of First Moi
Bonds of. Street Railway, G
Electric Light and Powei
Companies operating
in the larger
cities.

LISTS ON APPLICATK



iffiirrtt



t^xif



ySET RAILWAY AND
INVESTMENT

::uRiTiEs.




YORK STOCK EXCHANGE



ftinteton MmiaevBit^.



Baker & Co.



Burneu, Guminings & Go.

Banhetd

Investment Securities



43 MILK STREET



BOSTON. MASS.



BANKERS

19 CONGR^ESS STR.EET

BOSTON, MASS.



Deotlers in

Electric Railroad Securities



COKKESPONDf^NCE INVITED




Digitized by ^



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-J



1903]



AMERICAN STREET RAILWAY INVESTMENTS.



Oeorob W. Youho, President. Edmund W. Wakblbb, Trcaaurer.

Oscar L. Gubblman, Vice-President. Chablbs L. YorNo. Secretary.
WiLLLAM C. Shbrwood, Vlce-Pres't. Walter L. MgDbrmott, Asst. Treas.

Kcgfstrar and transfer
Company

Maintains the most thorotsghly
cqtrippcd Transfer Department
in New York for Corporations
of all States >< ^ >< ^< ^<



This Company offers its services in all corporate
matters. It furnishes all facilities for organization, main-
tains a New Jersey office provided with all conveniences
and offers generally every facility for compliance with the
corporation laws.

Acts as Transfer Agent and Registrar. Offers special
advantages to corporations whose stock is handled in
New York.



59 CEDAR STREET, NEW YORK

The Mutual Life Building

New Jersey Office

COMMERCIAL TRUST BUILDING
JERSEY CITY, N. J.



JLBU^



Kountze Brothers,

BANKERS,

Broadway and Cedar Street. NEW YORK.

Railroad, Street Railway
and JHunicipal

INVESTMENT SECURITIES

ALLOW INTEREST ON DEPOSITS.

MAKE LOANS
AGAINST APPROVED COLLATERAL.

ACT AS FISCAL AGENTS FOR
MUNICIPALITIES AND CORPORATIONS.

BUY AND SELL

U. S. BONDS AND OTHER SECURITIES

FOR THE USUAL COMMISSION.

ISSUE

Letters of Credit

for use of travelers, available in all parts of the world.



TRANSACT A GENERAL

Domestic and Foreig:n

Banking Business.



E. Clarence Jones & Co.

BANKERS, .

DEALERS IN

Government.

Municipal, Railway

AND

Street Railway

BONDS.

LOANS MADE.

STREET RAILWAYS FINANCED.



I Nassau Street. NEW YORK.

112 South Fourth St. PHILADELPHIA.



NEW YORK SECURITY
AND TRUST CO.

44 & 46 WALL STREET, NEW YORIL



CAPITAL, $ 1 ,000,000. SURPLUS, $4,000,000



CHARLES S. FAIRCHILD. President.

Abram M. H yatt, Vice-Pres. OsbornW. Bright, 2d V.Pres.

L. Carroll Root. 3d V. Pres. Alex. S. Webb. Jr., Sec'y-

Zelah Van Loan, Ass'i Sec. James E. Keeler, 2d Ass't Sec.

H. W. Whipple, Manager Bond Dept.

TRUSTEES.



CHARLE8 S. FaIBCRILD,

James J. Hilt..
Ohborn W. Bright.
SrrART G. Nelson,
Hudson Hoaoland,
Jambs Stillman,
M. C. D. Borden,
John G. McC'ullolmjh,
Frbdbric R. Coudbrt,



John A. McCall.
Jambs A. Blair,

Prank W. Stearns,
Edmund D. Randolph,
Gboroe W. Perkins,
Abram M. Hyatt,
Norman B. Rbam.
Charles M. Schwab,
John 8. Phipps,



B. aI'mar Sands.
John W. Stbblxnq,



Frank Tilpord,
Woodbury Lanodon,



This Company is authorized to act as Executor, Trustee,
Administrator, Guardian, Agent, Receiver, Registrar and
Transfer Agent of Stocks and Bonds. Is a Legal Depository
for Court and Trust Funds. Will take entire charge of real
and personal estates, collecting the income and profits, and
attending to all such details as an individual in like capacity
could do.

Receives deposits subject to check, allowing interest on
daily balances, and issues certificates of deposit* bearing
interest.



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II



AMERICAN STREET RAILWAY INVESTMENTS.



11903-



OTIS, WILSON & CO.

Bankers



CHICAGO



BOSTON



Transact a general domestic and
foreign Banking Business. Interest
allowed on checking accounts. ..



Deal in United States and Foreign
Government, Municipal, Railroad and
Public Service Corporation



Bonbe



including entire issues



Travelers' Letters of Credit,
Foreign Exchange and
Foreign Collections .. ..



182 Lql Sotlle Street, Chicotgo



ESTABLISHED 1868.

GUSTAVUS MAAS,

Dealer In MtsoellaneouH Securities.

STREET RAILWAY AND GAS

SECURITIES A SPECIALTY,

Telephone, 1249 Broao.
30 BROAD S'TRBB'T* INBIA/ >^ORKL.



Devitt» Tremble & Co.

First National Banic Bidg., CHICAGO.

WE PURCHASE TOTAL ISSUES OP

Street Railway, Oas and Electric Bonds



THOMAS A. B/DDLE & CO.,
Stock Brokers,

No. 326 Walnut Stteet, PbiUdelpUa, Pa.
Pearler* In INVESTMENT SECURITIES.

Orders Executed at the Stock Exchanges of
Philadelphia and Other Cities.



ENTIRE ISSUES OF
RAILROAD BONDS BOUGHT.



c4. K CHANDLElt & CO., Bankers
THE BOURSE, PHILADELPHIA



Tucker^ Anthony & Co^

BANKERS AND BROKERS

53 State Street, BOSTON, MASS-

Members Boston and New York
Stock Exchanges.



Private Wires to HARTFORD, NEW HAVEN,

NEW BEDFORD, and

THOS. L. HANSON & CO., New Yoric.



ALL CLASSES OF

Stocks, Bonds and Investment Securities
Bought and Sold cm G)mmission-

Special Attention Given to Street
Railway Properties.



RISTINE & CONKLIN

BANKERS

308 CHESTNUT STREET, PHIUDELPHIA, PA.



RAILROAD =^=
STREET RAILWAY =
ELECTRIC- GAS -WATER



BONDS



W. V. Coons & Company


INVESTMENT


SECURITIES


907-908 Williecmson Building


CLEVELAND. OHIO


We Purchase Entire Issues of Street Railway.


Electric Lighting. Gas and Water Bonds


CorrespottdciKC Solicited



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1903.]



AMERICAN STREET RAILWAY INVESTMENTS.



Ill



Mason,Lewis&Co.

BANKERS,

CHICAGO: - Monadnock Boildtng.
BOSTONt - - 60 Devonshire Street
PHILADELPHIA: 505 Chestnut Street*



MUNICIPAL -
RAILROAD -
CORPORATION



BONDS



WE BUY TOTAL ISSUES FIRST
MORTGAGE BONDS.

STRBBT RAILWAY COMPANIES.

ELECTRIC POWER COMPANIES.

ELECTRIC LIGHTING COMPANIES.
GAS COMPANIES.

CORRESPONDENCE INVITED.



GEO. A. HUHN & SONS

BANKERS
BROKERS

J43 SOUTH FOURTH STREET,

AND

Land Titk Building,
PHILADELPHIA, PENNA,

Stocks and Bonds Bought and Sold
on Commission.



Interest Allowed on Deposits*

Orders Executed on all Exchanges*

PRIVATE WIRES TO NEW YORK, BOSTON,
CHICAGO AND PITTSBURG.



Founded 1800



ALEXANDER BROWN & SONS

BALTIMORE AND CALVBRT STREETS,
BALTIMORE, MD.

CS^^^'/c^.'^. BANKERS



BBCEIYE ACCOUNTS of BankB, Bfuikcra, Corporations, Fimu and
Individuals on the most favorable terms.

ACT AS TBANSF£B AND PINANCIAIi AGENTS for Corpora-
tions, Payinf? Coupons, Dividends, etc.

INTEREST AIXOWED on Current Balances and at special rates for
Time Deposits as a^^reed upon.

DIVIDENDS, COUPONS, RENTS, INTEREST, ete., collected for
Depositors.

MEMBER OF STOCK EXCHANGE* (Private wire to Brown Bros.
& Co., New York, Philadelphia, and Boston.) Execute orders for
Purchase and Sale of Stocks and Bonds in this and other markets.

INVESTBIENT SECURITIES always on hand.

RAELROAD, MUNICIPAX and other Bonds issued and Loans nego-
tiated.

COMMERCIAX AND TRAVELERS' liETTERS OF CREDIT
issued IN DOLLARS, for use in this Country. Canada, Mexico and
the West Indies,, and IN STERLING, available in any part of the
world. Credits are issued against deposit of cash, securities or satis-
factory guarantee of repayment.

INTERNATIONAIi CHEQUES also.issued in various denominations.

ACCEPT CUSTODY OF BONDS, STOCKS and other Securities,
and Collect Coupons and Dividends for Credit customers while abroad.

BIIXS OF EXCHANGE Bought and Sold.

REMITTANCES OF MONEY made to and Collections made in all
parts of the world.

CABLE AND TELEGRAPHIC TRANSFERS OF MONEY made

BROWN BROTHERS & CO.,
New York. Philadelphia. Boston.

BROWN, SHIPLEY & CO.,
London, Eng.



Maryland Trust Company

N. W. Cor. Calvert and German Sts.,
BALTIMORE.



CAPITAL,
SURPLUS,



82,126,000
2,437,600



A Legal Depository for Court and Trust
Funds. Safe Deposit Boxes for Rent.

INTEREST ALLOWED ON DEPOSITS.

Transacts a General Trust
and Banking Business.^i^



J. WILLCOX BROWN, President.



Henry J. Bowdoin,
Lloyd L. Jackson,
J. Bernard Scott,
Carroll Van Ness,



First Vice-President

Second Vice-President

Secretary-Treasurer

- Asst. Secretary-Treasurer



DIRECTORS I



J. WiLLCOX BBOWN,

Gbo. a. von Linoeh,
W. B. Bbooks, Jb.,
Sbtmoub Mandblbaum .
Hbnbt Waltbbs,
Amdbbw D. Jonbs,

JOSLAH L. BlAOKWBLL,

John Flbasants,



Wm. a. Mabbubg,
H. J. BowDom,
John S. Wilson,
Leopold Stboube,
H. A. Pabr,
Jambs Bond,
Clayton C. Hall,

L. F. LOBBB.



Lloyd L Jackson,
Joshua Lbvebtno,
Fbbd^k W. Wood,
J. Southoatb Lbmmon,
B. N. Bakbb,
John A. Tompkins,
Gbobob 0. Jenkins,



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IV AMERICAN SfREfiT RAILWAY IMVfiSTMfiNTS. fi9d3.



THE EQUITABLE
TRUST COMPANY

152 MONROE STREET, CHICAGO

Capital paid up 8600,000

Surplus 276,000



Acts as Trustee for Corporations, Firms
and Individuais and as Agent for the
registration and transfer of bonds and
stocics of Corporations and tiie payment
of coupons, interest and dividends

INTEREST PAID ON DEPOSITS



DIRECTORS

Wiiiiam Best F. M. Blount

Andrew McNally John M. Smyth

Maurice Rosenfeld , J. R. Walsh

L. A. Walton

OFFICERS

J. R. WALSH, President

L. A. WALTON, Vice-President

C. O. ORCAN, Secretary and Treasurer

C. HUNTOON, Asst. Sec'y and Asst. Treas.



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1903]



AMERICAN STREET RAILWAY INVESTMENTS.



tEwted^tateaJtlortfiafi^attdSCmstafmi^ang,



MUTUAL UFE BUILDING

55 CEDAR STREET, NEW YORK.



Capital, $2,000,000. Surplus, $3,ooo,ooo.



Trust Department

Acts as Executor, Trustee, Administrator, Guardian, Transfer Agent, and
in all Trust Capacities.

Banking Department

Receives Deposits subject to Check or on Certificate. Checks pass
through New York Clearing House. Allows Interest on Deposits. Acts
as Fiscal Agent for Municipalities and Corporations. Pays Coupons.
Loans on Securities.

Real Estate Department

Takes entire charge of Real Estate, Collecting Rents, Paying Taxes and
Insurance, Making Repairs, etc. Competent Superintendent and Architect
in charge.

Foreign Exchange Department

Has Correspondents in England and on the Continent. Buys and sells
Foreign Exchange. Issues Letters of Credit available in all parts of the
world.

Municipal Bond Department

Prepares and certifies as to the genuineness of municipal bonds, for the
better protection of such securities. Pays Coupons.

Corporation Bond Department

Undertakes the preparation of corporation bonds when the Company acts
as Trustee. Pays Coupons.



OFFICERS.

George W. Young President.

Luther Kountze Vice-President. Edward T. Perinc Treasurer.

James Timpson Vice-President. Calvert Brewer Secretary.

Eben B. Thomas Vice-President. Carl G. Rasmus Asst. Treasurer.

Clark Williams Vice-President. Alexander Phillips Mgr. Foreign Dept.



Dumont Clarke,
Richard A. McCurdy,
Charles D. Dickey,



Wm. H. Baldwin, Jr.
Frederick O. Barton.
C. Ledyard Blair.
William B. Boalton.
Dumont IMarke.
C. A. Coffin.
C. C. Cuyler.



EXECUTIVE COMMITTEE.

Charles R. Henderson,
Gustav E. Kissel,



DIRECTORS.



Charles D. Dickey.
William P. Dixon.
Robert A. Qranniss
G. Q. Haven, Jr.
Charlefl R. Henaerson.
GoHtav E. Kiasel.



Luther Konntxe.
William B. Leeds.
Charlton T. Lewis.
Richard A. McCurdy.
Clarence H. Mackay.
Robert Olypbant.



Luther Kountze.
James Timpson,
George W. Young.



Charles M. Pratt.
Mortimer L. 8chiff.
Bben B. Thomas.
James Timpson.
Arthur Tumbull.
Cornelius Vanderbilt.
George W. Young.



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VI






^^m^;*^*^




AMERICAN^ STkfiET TTSlILWAY INVESTMENTS.



L1903.



Mississippi Valley Trust Company



N. W. COR. FOURTH AND PINB 8TRBBT8

ST. LOUIS



Capital, Surplus and Profits, $8,000,000.

Tie Business of this Company is conducted in Five Departments^ as follows:
FINANCIAL OR MONEY DEPOSIT— Receives deposits on time, savings and check
accounts and pays interest thereon. Loans money on St. Louis city real estate
and listed high-grade securities. Buys and sells domestic and foreign exchange.
Issues its own Letters of Credit available everywhere.
TRUST OR FIDUCIARY— iExecutes all manner of Trusts. Authorized by law to
act as Executor, Administrator, Trustee, Guardian, Curator, Register and Transfer
Agent ot Bonds and Stocks, Receiver and Financial Agent for non-residents and
others, and to become sole surety on all bonds required by law to be given.
BOND OR INVESTMENT— Buys and sells selected high-grade Investment Secu-
rities. List of Bonds for sale mailed on application. Commission orders, at usual
rates, executed with promptness.

REAL ESTATE — Manages, Sells, Rents and Appraises city property. Pays Taxes,
^ places Insurance.

SAFE DEEKDSIT OR STORAGE VAULTS— Rents Safe Deposit Boxes in Fire,
Burglar and Mob Proof Vault at $6 and upward per annum. Stores, at special
rates, trunks and boxes containing silverware and other bulky valuables; calls for
and delivers same at residence. '



CORRBSPOin>ENCB INVITBD



ALL BUSnrSSS STRICTLY CONUDBNTIAL



OFFICERS



Brecklnrid^ Jones. Ist Vice-Pres. and Counsel

John D. Davis. 2nd Vice-President

Samuel B. Hofnnan, 8rd Vice-President

James B. Brock, Secretary

Hugh R. Lyle, Assistant Secretary

Henry C. Ibbotson, 2nd Assistant SecreUry



Julius S. Walsh, President



W. Daviess Pittman, Bond Officer
Frederick Yierlinf, Trust Officer
Henry Semple Ames, Assistant Trust Officer
William G. Lackey, Assistant Trust Officer
Bueene H. Benoist, Real Estate Officer
Wilbur B. Price, Safe Deposit Officer



DIRBCTORS



Blmer B. Adams, U. S. District Judge

Williamson Bacon, President Tyler BsUte

Hurray Carleton, President Carleton D. G. Co.

Charles Clark, Retired

John D. Davis, 2nd Vice-President

Harrison I. Drummond, President Dmmmond

Realty and Investment Co.
Attj^uste B. swing. Retired
David R. Francis, President D. R. Francis & Pro.

Commission Co.
August Oehner, Pres. Title Guaranty Trust Co.



Geo. H. Goddard, Retired

S. B. Hoffman, Hrd Vice-President

Chas. H. Huttig, President Third National Bank

Breckinridge Jones, 1st Vice-Pres. and Counsel

Wm. F. Hoiker, Treas. St. I«ouis Brewing Ass'n

Wm. D. Orthwein, Pres. Wm. D. Orthwein Grain Co.

H. Clay Pierce, President Waters-Pierce Oil Co.

Joseph Ramsey, Jr., President Wabash R. R. Co.
loses Rumsey. President I«. M. Rumsey Mfg. Co.
Julius 8. Walsn, President
tolla Wells, Mayor of City of St. I^ouis



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American

Street Railway

Investments.



PUBLISHED ANNUALLY



BY THE



Street Railway Journal

FOR THE USE OF

Bankers, Brokers, Capitalists, Investors,



. . AND .



Street Railway Companies.



TENTH ANNUAL VOLUME.



1Q03.



COPYRIGHTED, 1903

. . . BY . . .

THE McGRAW PUBLISHING COMPANY
New York



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VIII



AMERICAN STREET RAILWAY INVESTMENTS.



11903.



N. W. HALSEY & CO

BANKERS,

49 Wall Street, New York.

DEALERS IN

BONDS AND GUARANTEED STOCKS



NEGOTIATE ENTIRE NEW OR RE-
FUNDING ISSUES OF RAILROAD,
STREET RAILWAY. GAS, ELECTRIC
LIGHT AND POWER COMPANY
BONDS

GOVERNMENT AND MUNICIPAL
BONDS BOUGHT AND SOLD.

FISCAL AGENTS FOR CORPO-
RATIONS AND MUNICIPALITIES.

INTEREST ALLOWED ON DEPOSIT
ACCOUNTS



MERRILL. OLDHAM d. CO., BOSTON CORRESPONDENTS,
40 WATER STREET.



street Railroad



^S ^S ^s

We Bay Total Issues of Street Railway

Bonds on Properties issued

in the Larger Cities

v< v< v<

W. J. HAYES & SONS

BANKER^S

CleveloLiid, Ohio

Boston, Mass.



THOMPSON,

TENNEY &
CRAWFORD,

BANKERS.

New York Boston



25 Broad Street.



159 Devonshire St.



Ttimtmem Securities^

BUV AND 3EI.I.

Qovernmenty Municipal and Railroad Bonds.

Ai.eo,

FIRST MORTGAGE BONDS ON

Qas, Electric and
Street R. f^. Properties.

OPERATINQ IN THE LARQER CITIES.



ERGAY&C9

BANKERS,

BOSTON,
25 Coagttss St.

NEW YORK, PHILADELPHIA,

f Nassau St 42f Oiestnut St.

MONTREAL,
f57 St. James St.



WE BUY AND SELL

STREET RAILWAY BONDS

Upon established systems in and
between large cities and towns,
showing surplus earnings over fixed
charges and operating expenses.



CORRESPONDENCE SOUCITED.



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»«)03]



AMERICAN StREEt RAILWAY iNVEStMENTS.



IX



INDEX TO MAPS.



AUGUSTA, GA.— Augusta Railway & Electric Co between 32-33

BELLAIRE, O.— Appleyard Syndicate Lines 209

BINGHAMTON, N. Y.-Binghamton Railway Co 146

BIRMINGHAM, ALA.— Birmingham Railway, Light & Power Co 6

BOSTON, MASS.— Boston Elevated Railway Co between 72-73

Massachusetts Electric Companies " 73-74

BUFFALO, N. Y.— International Traction Co " 154-155

CHICAGO, ILL.— Chicago City Railway Co " 36-37

CLEVELAND, O.— Cleveland City Railway Co 204

Cleveland Electric Railway Co 204

COLUMBUS, O.— Appieyard Syndicate Lines 209

Columbus Street Railway Co 207

DAYTON, O.— Appieyard Syndicate Lines 209

DENVER, COL.— Denver City Tramway Co between 14-15

DETROIT, MICH.-Detroit United Railway 1 lO

The Rapid Railway Co 1 lO

GRAND RAPIDS, MICH.-Grand Rapids Street Railway Co I 13

MILWAUKEE, WIS.-Mllwaukee Electric Railway & Light Co 293

MINNEAPOLIS, MINN.-Twin City Rapid Transit Co 1 19

MONTREAL, CANADA.-Montreal Street Railway Co 302

NEW YORK CITY, N. Y.-Interurban Street Railway Co.

(Including Metropolitan Street Railway Co) between 176-177

NORFOLK, VA.-Norfoik Railway & Light Co 284

PHILADELPHIA, PA.-Philadelphia Rapid Transit Co between 245-246

PITTSFIELD, MASS.-Berkshire Street Railway Co 99

PITTSBURG, PA.-Plttsburg Railways Co between 266-257

SAN FRANCISCO, CAL.— United Railroads of San Francisco between 12-13

SPRINGFIELD, O.— Appieyard Syndicate Lines 209

TOLEDO, O.— Toledo Railways & Light Co 216

WEBB CITY, MO.-Southwest Missouri Electric Railway Co 126

WINDSOR, ONT.— Sandwich, Windsor & Amherstburg Railway 1 lO

WORCESTER, MASS —Worcester Consolidated Street Railway Co 1 07

ZANESVILLE, O.— Appieyard Syndicate Lines 209



Spencer Trask & Co.,



WILLIAM & PINE STS.. NEW YORK.

BANKERS,



Transact a general bankingf business;
act as Fiscal agents for corporatipnst
and negotiate security issues of rail-
roads and other companies* Execute
commission orders and deal in - -



INVESTMENT SECURITIES.



Members New York Stock Exchange*



Branch Office: 67 STATE STREET, ALBANY.






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AMERICAN STREET RAILWAY INVESTMENTS. [1903.



BROWN BROTHERS & CO.

59 WALL STREET, NEW YORK .

PHILADELPHIA: Fourth and Chestnut Streets. BOSTON: 50 State Street
And BALTIMORE: Alexander Brown & Sons.



Members of the New York, Philadelphia and Baltimore Stock Exchanges.



Stocks, Bonds and Investment Securities

Bought and Sold*

DEPOSIT ACCOUNTS of American Banks, Bankers, Firms and
Individuals received on favorable terms in New York and London

CERTIFICATES OF DEPOSIT issued payable on demand or
at a stated period.

Arrangements made with BANKS AND BANKERS in the
United States by which they may ISSUE THEIR OWN
DRAFTS ON ALL FOREIGN COUNTRIES.

BILLS OF EXCHANGE and CABLE TRANSFERS bought
and sold*

Issue TRAVELERS' LETTERS OF CREDIT, COMMER-
OAL LETTERS OF CREDIT, INTERNATIONAL
CHEQUES, available everywhere.



COLLECTIONS MADE ON ALL PARTS OF THE WORLD



Brown, Shipley & Co., London,

For the Convenience of Travelers: J 23 PALL MALL, S* W*



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