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Balance Sheet. — Dated June 30,

ASSETS. 1898. 1899. 1900. 1901. 1902.

Cost of road $127,627 $127,627 $127,627 $130,291 $132,116

'* equipment.. 29,509 29,474 29,051 29,051 30,563

Cash and cur. assets 1.291 1,466

Other assets 5 617 1,526 31,050 30,861

Profit & loss (deficit) 24,081 29,785 32,521 559



Total $181,222 $187,506 $190,725 $192,242 $195,006

LIABILITIES.

Capital stock $ 62,000 $ 62,000 $ 87,500 $ 87,500 $87,500

Funded debt 44.500 45,000 75,000 75,000 75,000

Floating debt 64,280 64,980 24,500 24,500 25,600

Accrued interest. .. 938 938

Bills payable 4.304

Other liabilities. .. . 10,442 15,526 3,725 2,967

Profit & loss(surp.) 3,ooi



Total $181,222 $187,506 $190,725 $192,224 $195,006

Plant and Equipment. — Miles of track (electric), 6; gauge, 4 ft.
8>i in.; 48 lb. and 66 lb. T and girder rail; 15 cars, of which 9 are
motor cars and 6 trail cars; Ball engines. West, dynamos and motors;
St. Louis and Jackson & Sharp cars. Brill trucks.

Officers.— Pres. Geo. N. Malsberger, Sec^ Treas. & Man. S. H.
Fridy, Supt. & Elecn. Geo. H. Miller.

Directors. — Geo. N. Malsberger, C. Fogely, J. A. Healy. J. C.
Sotter. S. H. Fridy.

References. — Description of park (brief.), Vol. XII, July, '96, p.
40; description of park (brief), Vol. XVII, Mar. 2, '01, p. 309.

Date of information. Mar., 1903. z



Ringing: Rooks Electric Railway Co.— Chartered Sept. i,
1893. Annual meeting second Monday in Jan.

Capital Stock, authorized, |ioo,ooo, issued, $50,000.
Funded Debt, authorized and issued. $54,000.

Operation. — Year ending June 30.

1898. 1899. 1900. 1901. 1902.

Receipts from passengers. .. .$4,837 $5,503 $8,111 $9,830 $8,196

•* other sources 670 415 627

total 5,507 5.918 8,738

Operating expenses 7.557 6,397 7.464 10,918 10,253

Earnings from operation. .. .*2, 050 *479 1,274 *i,o88 *2,o57
Deductions from earnings.

Taxes 211 11 1

Interest 1,620 1,192

Net income *2,3io *29

* Deficit.

Baijince Sheet. — Dated June 30,

assets. 1898. 1899. 1900. 1901. 1902.

Cost of road $ 77.384 I 77,39i $ 77,436 $ 77.43^ $ 77.5i6

•• equipment 37,338 37.338 37.338 37.338 37.338

Material on hand 4>500

Cash

Profit and loss (deficit). 8,278 15,071 16,026 6,106 7,106

Total $123,000 $129,800 $130,800 $120,880 $121,960

liabilities.

Capital stock $ 50.000 $ 50,000 $ 50,000 $ 50,000 $50,000

Funded debt 54.ooo 54,000 54,000 54,000 54,000

Unfunded debt 11,500 16,000 16,000

Accounts payable 5,000 5.000

Other liabilities

Interest 7,5oo 9,800 10,800 11,880 12,960

Profit and loss (surplus)

Total $123,000 $129,800 $130,800 $120,880 $121,960

Plant and Equipment. — Miles of track (electric), 4.1; gauge,
.1 ft. Syi in.; 48 lb. and 70 lb. T and girder rail; 11 cars, of which 5
are motor cars and 6 trail cars; Green engines, Siemens & Halske
dynamos, Baxter motors. St. Louis cars.

Officers. — Pres. C. Q. Guldin, V. Pres. A. Harienstine, Sec. &
Gen. Supt. R. E. Shaner, Treas. H. K. Shaner.

Directors. — C. Q. Guldin, Reading, Pa.; A. K. Shaner, R. E.
Shaner, A. Hartenstine Jr., Pottstown, Pa.; L. E. Lefeaver, Boyers-
lown, Pa.

General Office, 156 High St., Pottstown, Pa.

Reference. — Pleasure park, Vol. XIII, May, '97; p. 290.

Date of information, Oct., 1902. b



POTTSVILLE,

Population in 1880, 13,253, in 1890, 14,117, in 1900, 15,710.

Pottsrille Union Traction Co.— Perpetual charter granted
May 15, 1899. Annual meeting second Monday in Jan. This com-
pany operates by virtue of control of stocks in hands of trustee of
mortgage, and of leaseholds, the properties of the following com-
panies :

Schuylkill Electric Ry. Co.

Potts vllle &. Reading Ry. Co.

Tamaqua & Pottsville Electric R. R. Co.

Schuylkill Haven & Orwigsburg Street Ry. Co.

People's Ry. Co. of Pottsville.

Coal Castle Electric Ry. Co.

Port Carbon & Middleport Electric Ry. Co.

Comprising the electric railways of Pottsville, Yorkville, Miners-
ville, Palo Alto, Belmont, Cumbola, Mt. Carbon, Port Carbon, St.
Clair, New Philadelphia, Middleport, Schuylkill Haven, Adamsdale,
Orwigsburg, Coal Castle, Glen Carbon and Tumbling Run.

Capital Stock, authorized and issued, $1,250,000; par value, I50
per share.

Funded Debt. — First mortgage 5 p. c. gold coupon bonds, au-
thorized, $1,250,000; issued, $1,129,000; in treasury, $121,000 (see
Note); dated Sept. i, 1899, due 1929; denom. $500 and $1,000; int.
payable at office of The Real Estate Trust Co., of Philadelphia, trus-
tee of mortgage.

Note. — $394,000 of the $1,117,000 issued of these bonds are held
by trustee to retire all underlying liens of the constituent companies
(which see for description); $121,000 held in treasury can only be is-
sued for extensions and equipment.

Operation. — Year ending Dec. 31, 1900. 1901. 1902.

Receipts from passengers $141,145 $168,787 $158,993

•• U. S. mail.' 880 1,038

*• other sources 1,321 3,542 1,618

" total 142,466 173,209 161,649

Operating expenses 77,487 93,766 109,737

Earnings from operation 64,979 79,443 51,912

Deductions from earnings.

Taxes and insurance 3,435 ) 74,025 54,726

Interest and rentals 59,470 )

Net income 2,074 5»4I9 *2,8i4

Balance Sheet. — Dated Dec. 31,

ASSETS. 1900. 1901. 1902.

Cost of road and properties $1,248,062 $1,671,062 $1,694,237

*' *' leases and betterments. .. 251,881 285,018 289,000

Supplies and cash 2,872 3,156 7.183

Total $1,502,815 $1,959,235 $1,990,420

liabilities.

Capital stock $1,250,000 $1,250,000 $1,250,000

Funded debt 250,000 701,000 735,000

Profit and loss (surplus) 2,815 8,235 5,420

Total $1,502,815 $1,959,235 $1,990,420

Plant and Equipment. — Miles of track (electric), 42.8; gauge, 4
ft. 8>^ in.; 60 lb. T and 76 lb. girder rail; 53 cars, of which 46 are
motor cars and 7 trail cars; i motor linemen's car; i motor construc-
tion car; i snow plow and i snow sweeper; Frick engines, Walker dy-
namos, Gen. Elec. and Walker motors. Brill, Pullman and Jackson &
Sharp cars. Brill, Peck ham, McGuire, Dorner & Dutton and Taylor
trucks.

Officers.— Pres. Clarence P. King, V. Pres. Thomas B. Prosser,
Sec. W. C. Pollock. Jr., Treas. Joseph B. Hoellman, Supt. D. J.
Duncan.

Directors.— R.C. Luther, F. H. Treat, William F. North, Thomas
B. Prosser, H. H. Pearson, Jr., Wm. C. Pollock, Jr., C. Berkeley
Taylor, M. S. Collingwood, Sheldon P. Ritter.

General Office. Pottsville, Pa., Pres. Office, Real Estate
Trust Bldg., Philadelphia, Pa.

Reference. — Description of park (brief). Vol. XVII, May 4, '01,
p. 556.

Date of information. Mar., 1903. z



Schuylkill Electric Railway Co.— Chartered Oct. 5, 1889, for
99 years. Annual meeting second Monday in Jan. This road is leased
to the Pottsville Union Traction Co.

Capital Stock, authorized and issued, 1650,000; par value, fso
per share.

Funded Debt. — First mortgage 6 p. c. gold coupon bonds, au-
thorized and issued, $500,000; dated Feb. i, 1895, due 1925", denom.
$500 and $1,000; int. payable Feb. and Aug., at office of Real Estate
Trust Co., of Philadelphia, trustee of mortgage.

Note. — The mortgage deed of the first mortgage bonds provides
that after Feb. i, 1900, $5,000 per annum shall be passed to a sinking
fund for the retirement of bonds.



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261



Franchises. — The company's franchises are perpetual.
Officers. — Pres. Clarence P. King, Sec. & Treas. Wm. C. Pol-
lock, Jr.,

Date of information, Mar., 1903. z



Pottsrille k Reading BailwAjr Co.— Chartered May 5, 1892,
for 999 years. Annual meeting second Monday in Jan. This road
is leased to the Pottsville Union Traction Co.

Capital Stock, authorized, $100,000, issued, $56,600; par value,
I50 per share.

Funded Debt. — First mortgage 6 p. c. gold bonds, authorized
and issued, $100,000; coupon, but may be registered; dated Feb. i,
1895, due 1925; denom. $1,000; int. payable in Feb. and Aug., at
office of Real Estate Trust Co., of Philadelphia, trustee of mortgage.

Franchises. — The company's franchises are for 999 years.

Plant and Equipment. — Miles of track (electric), 5.5; gauge, 4
ft. ^% in. ; 60 lb. and 78 lb. rail.

Officers.— Pres. Clarence P. King, Sec. & Treas. W. C. Pollock,

Jr.

Directors. — Fred H. Treat, Thos B. Prosser, M. S. Collingwood,
Edw. L. Nichols, Wm. F. North.

Date of information, Mar., 1903. z



Tamaqua & Pottsville Electric Railroad.— Chartered May 5,

1892, for 999 years. Annual meeting second Monday in Jan. This
road is leased to the Pottsville Union Traction Co.

Capital Stock, issued, $60,000; par value, $50 per share.

Funded Debt. — First mortgage 6 p. c. bonds, authorized, $250,-
000; issued, $60,000; coupon, but may be registered; dated Jan. 15,
1895, due 1925; denom. $500 and $1,000; int. payable in Jan. and July,
at office of Columbia Avenue Saving Fund, Safe Deposit, Title &
Trust Co., of Philadelphia, trustee of mortgage.

Franchises. — The company's franchises are for 999 years.

Officers. — Pres. Thomas B. Prosser, Sec. & Treas. Wm. C.
Pollock, Jr.

Directors. — Fred H. Treat, Clarence P. King, John F. Finney;
Wm. F. North.

Reference. — Mortgage, Vol. XI, Mar., '95, p. 183.

Date of information, Mar., 1903. z



People's Railway Co. of Pottsrille.— This road is leased to the
Pottsville Union Traction Co. for 35 years.

* Officers.— Pres. R. C. Luther, Sec. W. D. Pollard.
Date of information, Mar., 1903. 2



ScliQylkill Hareu & Orwigrsbnrg Electric Railway Co.—

Chartered Mar. 4, 1898, for 999 years. Annual meeting second Mon-
day in Jan. This road is leased to the Pottsville Union Traction Co.

Capital Stock, authoiized, $60,000; issued, $30,000; par value,
$50 per share.

Funded Debt. — First mortgage 5 p. c. coupon bonds, authorized
and issued, $60,000; denom. $1,000; dated May i, 1898, due 1928;
int. payable May and Nov., at office of the Real Estate Trust Co., of
Philadelphia, trustee of mortgage.

Officers.— Pres. Clarence P. King, Sec. & Treas. Wm. C.
Pollock, Jr.

Date of information. Mar., 1903. z



Coal Castle Electric Railway Co.— Chartered Mar. 10, 1899,
for 99 years. Annual meeting second Monday in Jan. This road
is leased to the Pottsville Union Traction Co.

Capital Stock, authorized, $30,000; issued, $15,000; par value,
$50 per share.

Funded Debt. — First mortgage 5 p. c. coupon bonds, authorized
and issued, $30,000; dated June i, 1899, due 1929; denom. $1,000;
int. payable June and Dec. at office of the Real Estate Trust Co., of
Philadelphia, trustee of mortgage.

Officers.— Pres. Clarence P. King, Sec. & Treas. Wm. C.
Pollock, Jr.

Directors.— Wm. F. North, Wm. C. Pollockjr., John W. Pittock,
M. S. Collingwood, Thos B. Prosser.

Date of information. Mar., 1903. z



Port Carbon k Middleport Electric Railway Co.— Chart-
ered July 6. 1898, for 999 years; annual meeting second Monday in
Jan. This road is leased to the Pottsville Union Traction Co.

Capital Stock, authorized, $100,000, issued, $93,000; par
value, $50 per share.

Funded Debt. — None.

Officers. — Pres. Clarence P. King, Sec. & Treas. Wm. C. Pollock,
Jr.

Directors.— Wm. F.North, Wm. Pollock, Jr., M. S. Collingwood,
Thos. B. Prosser.

Date of information. Mar., 1903. z



PUNXSUTAWNEY,

Population in 1880 674, in 1890, 2,79a, in 1900, 4,375.

Pnnxsutawney Passengrer Street Railway Co.— Chartered
Feb. I, 1892. Annual meeting second Monday in Jan.

Capital Stock, authorized and issued, $160,000.

Operation. — Year ending June 30,

i8q8. 1899. 1900. 1901. 1902.

Gross receipts $4»934 $5,788 $11,536 $31,561 $34,950

Operating expenses 3,867 5,513 6,935 16,632 26,719



Earnings from operation. . . . 1,067

Taxes

Rentals

Other deductions 1.704



275



4.601



104 2,106



14.929

804

14,978



2.495



853
1.200



8,231
749

736
6,747



Net income ^637 171

Dividends

* Deficit

OPERATING EXPENSES.

Year ending June 30, 1902.

General expenses f 13.959

Transportation expenses 10,563

Maintenance of way and structures 491

•* of equipment 1,706



Total • $26,719

Passengers carried 794,764



Balance Sheet.— Dated June 30,



ASSETS. 1898.

Cost of road and equip. .$36,990

Cash

Material on hand 100

Profit and loss (def.)



1899.
$36,990



100



1900.
$82,106
2.495



1901. 1902.
$97,053 $176,099
443 7.190

2,052



Total $37,090 $37,090 $84,601 $99,548 $183,289



LIABILITIES.

Capital stock $18,000

Funded debt 14.000

Unfunded debt i ,624

Bills payable 939

Additions & betterments
by lessee company. . .

Other liabilities 6,035

Profit and loss (surplus)



18,000

14,000

2,308

939



2,527
1.843



$80,000 $80,000 $160,000



4.601



17.053
2,495



16,542
6.747



Total $37,090 $37,090 $84,601 $99,548 $183,289

Plant and Equipment. — Miles of track (electric), 11; gauge, 4 ft.
^Vz in.; 51 lb. girder rail; 9 motor cars; Green engines. West, dyna-
mos and motors. New Castle cars.

Officers.— Pres. S. E. Wilson, V. Pres. & Gen. Man. D. H.
Clark, Sec. C. A. McDonald, Treas. G. W. Kipp, Supt. E. Jenkins.

Directors.— D. H. Clark, S. E. Wilson, Geo. W. Black, E. F.
Kizer, Geo. W. Kipp.

Date of information, Oct., 1902. b



QUAKERTOWN.

Population in 1880, 1,769, in 1890, 2,169, in 1900, 3,014.

Qnakertown Traction Co.— Chartered Nov. 27, 1896, for 99
years; municipal franchise granted Nov. 20, 1896, in perpetuity. An-
nual meeting in May. This road is operated by the Philadelphia &
Lehigh Valley Traction Co.

Capital Stock, authorized and issued, $300,000; par value, $50
per share.

Funded Debt.— First mortgage, 5 p. c. gold coupon and regis-
tered bonds, authorized and issued. $300,000; dated Apr. 1897, due
1917; denom. $100, $200, $500 and $1,000: int. payable Apr. and
Oct., at office of Commonwealth Trust Co., Harrisburg, Pa., trustee
of mortgage.

Operation. — Year ending June 30, 3 mos. end'g

1899. 1900. 1901. Sept.30,1901.

Receipts from passengers.... $7,066 $12,712 $17,451 $6,174

** *• other sources. .. 639 947 1,051 967

total 7.705 13.659 18,502 7.141

Operating expenses 9.993 I7.i73 20,547 6,444

Deficit 2,288 3,514 2,040 *697

Interest 3,936 5.286 4,008

Taxes 64 87 655 1,267

Rentals 544

Other expenses 1,024 184

Total deficit 6,288 9.431 7,732 754

♦Surplus.



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Pennsylvania.



Balance Sheet. — Dated June 30,

ASSETS. 1899. 1900. 1901. 1902.

Cost of road and equipment. . . .$235,000 $378,444 $380,607 $675,675

Other permanent investments. . . 5i72o

Stock of other companies 5.720 1,110

Cash on hand 533 1,243 527

Material on hand 4»336 '

Open accounts 1,840 1,810 1,810

Profit and loss (deficit) 6,288 14,819 23,451 24,205

Total $246,158 $402,066 $412,115 $602,799

LIABILITIES.

Capital stock $130,000 $141,900 1141,900 $300,000

Funded debt 105,000 135,000 135,000 300,000

Interest due and accrued 3.964 690

Loans 7,i94 96,110 113,221

Accounts payable 29,956 21,304 2,799

Total $246,158 $402,066 $412,115 $602,799

Plant and Equipment.— Miles of track (electric), 10.5; gauge, 5
ft. 2^ in.; 70 lb. girder rail; 13 motorcars; 300 H. p. station plant,
Corliss engines, Walker dynamos and motors, St. Louis cars. Peck-
ham trucks.

Officers.— Pres. F. J. Crilly, Sec. & Treas. C. M. Bates.

Directors.— F. J. Crilly, R. E. Wright, C. M. Bates, Samuel
Harris, John G. Honecher.

General Office, Quakertown, Pa.

Date of information, Mar., 1903. z

READING.

Population in 1880, 43,278; in 1890, 58,661, in 1900, 78,961.

East Reading Eleetrie Railway Co.— Chartered Aug., 1888.
Annual meeting second Tuesday in Jan.

Leased, May i, 1893, to the Reading Traction Co. for 99 years.
This property is now a part of the system of the United Traction Co.
of Reading, the capital stock of which is now controlled by the
United Power & Transportation Co., of Philadelphia.

Capital Stock, authorized and issued, $100,000; par value, $50
per share.

Date of information, Oct., 1902. b



Nerersinlc Monntain Railroad Co.— Chartered 1889, for 99
years. Annual meeting June 27. The entire capital stock of this
company was purchased by the United Traction Co. on May 4, 1901.

Capital Stock, authorized and issued $100,000; par value, $50
per share.

Funded Debt. — First mortgage 4 p. c. gold coupon bonds, au-
thorized and issued, $100,000; trustee of mortgage Penn. Trust Co.

Reference. — Description of road, Vol. VII, Aug., '91, p. 400 (ill.).

Date of information. Mar., 1902. z



Reading City Passenger Railway Co.— Chartered Dec. 18,
1873 The Perkiomen Avenue Passenger Ry. Co. (originally organ-
ized as the Penn Street Passenger Ry. Co.) was consolidated with this
company Apr. i, 1889. Annual meeting second Monday in ]an.
Operated by the United Traction Co.

Capital Stock, authorized, $400,000, issued, $350,000; par value,
$50 per share.

Funded Debt. — General mortgage 5 p. c. bonds, authorized and
issued, $112,000; coupon, but may be registered; dated Apr. i, 1889,
due 1909; int. payable Apr. and Oct. at Farmers' Bank, of Reading;
trustee of mortgage, Reading Trust Co.

Leased, Apr. i, 1893, to the Reading Traction Co. for 99 years.
Under the terms of the lease the Reading Traction Co. assumes all
the company's liabilities and pays dividends (semi-annually) upon
its stock as follows: 1893-94, 8 p. c. ; 1894-95, 9 p. c. ; 1896-1900, 10
p. c. and 12 p. c. per annum thereafter. This property is now a part
of the system of the United Traction Co., the capital stock of which is
now controlled by the United Power & Transportation Co., of Phil-
adelphia.

OflBcers.— Pres. B. F. Owen. Sec. & Treas. H. A. Muhlenberg.

Directors. — B. F. Owen, Cbas. H. Schaflfer, James Rick, Chas.
Rick, Wm. P. Mcllvain, Albert Thalheimer, Jas. M. Douglas, Matthew
Harbster, Henry A. Muhlenberg.

General Office, 12 South 5th St., Reading, Pa.

Date of information., Oct., 1902. b



Reading & Sonth western Street Railway Co.— Chartered
Nov. 24, 1890. Annual meeting second Monday in Jan. This road
was leased to the United Traction Co. on Aug. i, 1901, for 999 years.

Capital Stock, authorized and issued, $130,000.

Funded Debt. — First mortgage 5 p. c. gold coupon bonds,
authorized and issued, $too,ooo; dated Apr., 1896, due 1926; denom.



$500 and $1,000; int. payable Apr. and Oct., at oflSce of the Penn.
Trust Co., of Reading, Pa., trustee of mortgage.

Plant and Equipment. — Miles of track (electric), 7.5; gauge, 4 ft.
8>^ in.; 56 lb. to 90 lb. T and girder rail; 22 cars, of which 17 are
motor cars and 5 trail cars; Ball engines. Gen. Elec. dynamos and-
motors, Jackson & Sharp and Stephenson cars. '

Officers.— Pres. J. W. Shepp, Sec. & Treas. V. S. Seltzer.

Directors.— D. B. Shepp, J. H. Printz, John Shepp, R. L. Jones.

Date of information, Oct. , 1902. b



Reading & Temple Electric Railway.— This road was leased
Oct. I, 1894, to the Reading Traction Co. It is now a part of the
system of the United Traction Co., the capital stock of which is now
controlled by the United Power & Transportation Co., of Philadelphia.

Capital Stock, $73 > 700.

Funded Debt. — First mortgage 5 p. c. bonds, $73,700; dated
Oct., 1894, due 1924; trustee of mortgage, Reading Trust Co., of
Reading, Pa.

Officers. — Pres. B. F. Owen, Sec. and Treas. F. Livingood.

Date of information, Oct., 1902. b



Reading Traction Co. — Chartered 1893. Annual meeting second
Monday in Jan. This company leases the Reading City Passenger
Ry. Co., the East Reading Electric Ry. Co., the Reading & Temple
Electric Ry. Co. and the Reading & Womelsdorf Electric Ry. Co. In
Jan., 1896, this company was leased to the United Tractibn Co., the
capital stock of which is now controlled by the United Power & Trans-
portation Co.. of Philadelphia.

Capital Stock, authorized and issued, $1,000,000.

Funded Debt. — First mortgage 6 p. c. gold coupon bonds, author-
ized, $600,000, issued $445,000, in escrow (see Note), $112,000; dated
1893, due 1933; int. payable Jan. and July, at Bank of North America,
of Philadelphia; in Reading, at office of company, and at National
Union Bank; trustee of mortgage Provident Life & Trust Co., of
Philadelphia.

Note. — $112,000 of the first mortgage bonds are held in escrow
to retire the Reading City Passenger Ry. Co.'s bonds when due.

Officers.— Pres. J. A. Rigg.

Date of information, Oct.. 1902. b



Reading k Womelsdorf Railway Co.— Chartered Mar. 10.
1894. This road is operated by the United Traction Co., the capital
stock of which is now controlled by the United Power & Transpor-
tation Co., of Philadelphia.

Capital Stock, $500,000.

Funded Debt. — First mortgage 5 p. c. bonds, $330,000; dated
Jan. I. 1895, due 1925; trustee of mortgage. The Real Estate Title
insurance & Trust Co., of Philadelphia.

Date of information. Mar., 1902. z



United Traction Co.— Chartered Dec. 17, 1895, in perpetuity.
Annual meeting second Monday in Jan. This company leased on
Jan. I, 1896, for 900 years, the Reading Traction Co. and on May 4,
1901, purchased all of the capital stock of the Neversink Mountain
Ry. Co., and on Aug. i, 1901. leased the Reading & Southwestern
Street Ry. Co. for 999 years. The capital stock of this company is
now controlled by the United Power & Transportation Co., of Phila-
delphia.

Capital Stock, authorized and issued, $400,000.

Funded Debt. — First mortgage 5 p. c. collateral trust (sec Note)
gold coupon bonds, authorized, $150,000, issued, $149,900. in escrow
(see Note), $100; dated Jan. 15, i89i5. due 1926; denom. $100
and $1,000; int. payable Jan. and July, at office of company; trustee
of mortgage, The Real Estate Title Insurance & Trust Company, of
Philadelphia.

Note. — The first mortgage collateral trust bonds may be called
for payment at six months, and at a price of par and accrued interest
after three years

Collateral consists of 19,991 shares of the Metropolitan Electric
Co. stock, par $10, which was purchased by the United Traction Co.
at $7.50 per share.

The $100 United Traction Co. bond is held in escrow by The Real
Estate Title Insurance & Trust Co., of Philadelphia, as trustee for the
nine shares of the Metropolitan Electric Co. stock issued to the nine
directors.

In permanent investments the United Traction Co. advanced to
the Reading Traction Co. $200,000 to purchase the entire capital stock
of the Reading & Womelsdorf Electric Ry. Co. (one of its leased lines).
10,000 shares, at $20 per share; par value, $50.

Operation. — Year ending June 30, 1901. 1902.

Receipts from passengers $315,361 $415,707

** other sources 106,197 93,505

total 421,558 509,212

Operating expenses 203,848 261,921

Earnings from operation 217,710 247,291



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Deductions from earnings. 1901. 1902.

Interest on bonds 7.495 7.495

Taxes 14.566 14,642

Rentals. 133.853 160,843

Other expenses 36,682 37. 158

Net income 25,114 27,154

Dividends 20,000 20,000

Surplus 5,114 7,154

Total surplus , 35.657

OPERATING EXPENSES.

Year ending June 30, 1902.

General expenses ^ 40,650

Transportation expenses 181,561

Maintenance of way and structure 14,128

*• of equipment 25,583

Total $261,921

Passengers carried 7,090,173 9,171,891

Balance Sheet. — Dated June 30, 1901. 1902.

ASSETS.

Cost of road $ 331,217 | 395,469

Cost of equipment 51,840 54.852

Stock of other companies 505,883 561,133

Due from leased companies 199,860 199,860

Cash 8,577 10,229

Open accounts 33.563 42,769

Material and supplies 15,760 41,770

Sundries 305,855 87,996

Total $1,453,555 $i,394.o77

UABILITIES.

Capital stock $ 400,000 $ 400,000

Funded debt 149,900 149,900

Accounts payable 13,841 22,316

Sundries 861,310 786,204

Profit and loss (surplus) 28,503 35,657

Total $1,453. 555 $i,394.o77

Plant and Equipment. — Miles of track (electric), 80; gauge, 5 ft.
2)^ in. ; 90 lb. and 93 lb. rail; 7 horses, 137 motor cars, 4 snow sweepers.
4 snow plows; 2 locomotives, Greene and Lake Erie engines. Gen.
Elec. dynamos, Gen. Elec. and West, motors, Brill and St. Louis cars.
Brill and Peckham trucks.

Officers.— Pres. & Gen. Man. John A. Rigg, V. Pres. H. C.



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