Railroad and Warehouse Commission of the State of.

Annual report online

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Tionesta Valley, 40% of gross receipts on merchandise, 20% of gross

receipts on B. and B 222.77

Toledo, Peoria & Western Railway, 48% of gross receipts; guarantee,

$18,000.00 per annum 30,883.62

Traverse City, Leelanau & Manistique Railroad, 50% of gross re-
ceipts on merchandise, 20% of gross receipts on B. and B 1,379.83

Tuckerton Railroad, 33*3% of gross receipts on merchandise, 20%

of gross receipts on B. and B 2,548.49

Tusearora Valley Railroad, 20c per cwt 816.59

Union Transportation Co., 40% of gross receipts 969.96

Virginia Air Line (included in payment to Chesapeake & Ohio Rail-
way).

Virginian Railway, 50% of gross receipts 44,962.77

Washington, Potomac & Chesapeake Railroad, 40% of gross receipts 1,041.07

West Jersey & Seashore Railroad, 56% of gross receipts, through

business • 53,777.00

West Jersey & Seashore Railroad, 50% of gross receipts, local busi-
ness 95,336.11

White Oak Railroad, 40% of gross receipts on merchandise, 20%

of gross receipts on B. and B 2,534.16

Winfleld Railroad, 40% of gross receipts 392.81

Worth ville Railroad, 20c per cwt. ; special, 15c per cwt 821.73

Total steam roads $17,295,865.83

Electric Lines.

Bangor & Portland Electric Traction Co., 15c per cwt on local, 20c

per cwt. on through $231.72

Conway Street Electric Railway, 5c per piece 263.35

Chicago, Aurora & DeKalb Railway, 25c per cwt., $10.00 per month

for messenger 910.03

Detroit, Monroe & Toledo S. L. Railway, 25c per cwt. and 10% of

valuation charge, 10c per $1,000.00 currency 43,578.88

Indianapolis & Cincinnati Traction Co., 50% of gross receipts 2,858.43



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THE ADAMS EXPRESS COMPANY, NEW YORK 681

Hagerstown & Frederick Railway Co., 40% of gross receipts on mer-
chandise, 20% of gross receipts on B. and B 382.44

Jersey Shore & Antes Fort Railroad Co., 15c per cwt 518.17

Lackawanna & Wyoming Valley Railroad, 18c per cwt 9,891.57

Lehigh Valley Transit Co., 50% of gross receipts on merchandise,

20% of gross receipts on B. and B 18,395,68

New York, Westchester & Boston Railway Co., 45% of gross re-
ceipts except on business over both New York, New Haven & •
Hartford and New York, Westchester & Boston 14,989.03

New Paltz, Highlands & Poughkeepsie, 30% of gross receipts 173,28

Northwestern Pennsylvania Railway Co., 45% of gross receipts on

merchandise, 20% of gross receipts on B. and B 2,324.75

Norwich & Westerly Traction Co., 5c per piece 676.05

Oregon Interurban, 12c per cwt. and $10.00 per month for messenger 691.51

Parkersburg, Marietta & Interurban, 20c per cwt 1,626.53

Philadelphia & Western Railroad, 50% of gross receipts on mer-
chandise, 20% of gross receipts on B. and B 15,254.57

Rhode Island Suburban Railroad, 20c per cwt. local, 15c per cwt.

through 1,720.01

Shelby County Railway, 15c per cwt. and $5.00 per month for mes-
senger 511.02

S'late Belt Electric Railway Co., 15c per cwt. on through, 20c per

cwt. on local 686.52

Southern Iowa Traction Co., 50% of gross receipts; guarantee, $40.00

per month 480.00

Springfield Street Railway Co., $8.00 per trip on basis of 10,000

pounds at 8c per cwt 672.00

Stroudsburg, Water Gap & Portland Railway Co., 15c per cwt. on

local, 20c per cwt. on through 271.80

West Jersey & Seashore Railroad, 56% of gross receipts, through

business 23,561.15

West Jersey & Seashore Railroad, 50% of gross receipts, local busi-
ness 37,401.87

Wheeling Traction Co., 15c per cwt 490.12



Total electric lines $178,610.45

Steamboat Lines.

Baltimore, Chesapeake & Atlantic Railway Boat, see rail lines.
Baltimore, Chesapeake & Atlantic Steamer Lines, merchandise, 10c

to 20c packages; public rates for money $4,486.21

Baltimore Steam Packet Co., 35% gross receipts on merchandise, 20%

gross receipts on B. and B 5,218.43

Chesapeake & Ohio Railroad Boat, see rail lines.

Cleveland & Buffalo Transit Co., 20c and 30c per cwt. merchandise,

20c and 30c per $1,000.00 on money 42.71

Detroit & Cleveland Navigation Co., 30c to 40c per cwt 3,006.44

Cloodrich Transit Co.. 25c per cwt., Chicago to Milwaukee; 25c per

cwt., Chicago to Muskegon, and $15.00 per month for messenger 7,933.17

Island Transportation Co., frt ight rates 217.95

Maryland, Delaware & Virginia Railway Boat, see rail lines.
Maryland, Delaware & Virginia Steamer Lines, merchandise, 15c to

25c per package; money, 50% local rates 4,271.30

New Bedford, Martha's Vineyard & Nantucket Steamboat Co., New

Bedford and Nantucket, 20c per cwt.; Martha's Vineyard and

New Bedford, 16c per Cwt 8,189.82

New Kngland Navigation Co. (included in payment to New York,

New Haven & Hartford Railroad Co.)
New London- Block Island (included in payment to New York, New

Haven & Hartford Railroad Co.)
Newport, Block Island & Providence (Included in payment to New

York, New Haven & Hartford Railroad Co.)
New York, New Haven & Hartford Railroad Boat, Harlem River to

Jersey City (included in payment to New York, New Haven &

Hartford Railroad Co.)
New York, Philadelphia & Norfolk Railroad Boat, sec rail lines,
old Dominion Steamship Co., through freight, 15c per cwt.; local,

22c and 2.*ie; money, 40% gross receipts 409.02

Philadelphia. Baltimore & Washington Railroad Boat, see rail lines.
Tolchester Beach Improvement Co., merchandise, 20c per cwt.; vari-
ous rates, llsh, oysters, etc 322.51

Virginia Navigation Co., merchandise, 25c per cwt 180.70



Total steamboat lines $34,278.26

Stage and Wagon Lines.

Ceo. Mahan, Eminence to New Castle, Ky., $20.83 per month $300.00

Wm. Mulligan, Lvons to Clinton, Iowa, $10.00 per month 180.00

J. B. Parks, Preston to Owingsville, $35.00 per month 420.00



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682 REPORT RAILROAD AND WAREHOUSE COMMISSION

J. W. Lancaster, Jr., Sanders, Ghent and Vevay, merchandise, 20c
per cwt.; special, 15c per cwt.; $20.00 per month for safe and

ferriage 713.34

P. O. Minor and B. G. Perry, Sparta and Owenton, 35c per cwt 667.00

Total stage and wagon lines $2,280.34

Miscellaneous.

St. Louis (Mo.) Bridge Co., bridge toll $1,796.94

Atchison, Kans., bridge toll 300.00

Keokuk & Hamilton, bridge toll 752.00

St. Louis, Mo., bridge toll 18,528.44

Adjustment, payment to Western Maryland Railway 19.53

Total miscellaneous $21,396.91

RECAPITULATION.

Steam roads $17,295,865.83

Electric lines 178,610.45

Steamboat lines 34,278.26

Stage and wagon lines 2.2S0.34

Miscellaneous, bridge tolls, etc 21,396.91

Grand total $17,532,431.70



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(Page 43.)

SUMMARY OF SECURITIES OWNED— NOT HELD IN SINKING OR OTHER

FUNDS.

Stocks.

Dividends
Kind of Security. Par Value. or Interest.

Stocks of respondent "in treasury" and "pledged as

collateral' '—Page 19 $1,916,000.00

Stocks of express companies, active — Pages 36, 37

and 41 961,600.00 $67,596.00

Stocks of express companies, inactive— Pages 36, 37

and 41 1,125.00

Stocks of other than express Companies, active —

Pages 36. 37 and 41 12,448,974.55 574,874.75

Total $15,327,699.55 $642,470.75

Funded Debt.

Funded debt of respondent "in treasury" and "pledged

as collateral"— Page 23 $16,474,100.00

Funded debt of other than express companies, active

—Pages 38. 39 and 42 25,351,053.11 $1,068,997.37

Total $41,825,153.11 $1,068,997.37

Miscellaneous Securities.

Miscellaneous securities of other than express com-
panies, active $262,373.00 $11,776.72

Total $262,373.00 $11,776.72

Does the respondent own or control any express securities (stock, funded debt, or
miscellaneous) through any intermediary which does not make an annual re-
port to the Commission? No.



(Page 47.)



OPERATING EXPENSES.



Account. Amount.
I. Maintenance:

1. Superintendence $10,404.43

2. Buildings, fixtures and grounds 86,855.95

3. Office equipment 132,154.35

7. Horses 174,530.36

8. Vehicles, repairs 435,781.11

9. Vehicles, renewals 236,806.93

10. Stable equipment 69,399.84

11. Transportation equipment 8,571.62

12. Other expenses 645.97

13. Maintaining joint facilities— Dr 8,499.06

14. Maintaining joint facilities— -Cr 11,804.32

Total maintenance $1,151,845.10

IT. Traffic Expenses:

15. Superintendence $56,373.09

16. Outside agencies 20,599.99

17. Advertising 28,574.52

18. Traffic associations 1,525.18

19. Stationery and printing 40,561.06

20. Other expenses 100.00

Total traffic expenses $147,733.84

III. Transportation Expenses:

21. Superintendence $380,671.25

22. Office employes 4,954,710.2$

23. Commissions 1,076,858.59

24. Wagon employes 2,880,931.24

25. Office supplies and expenses 389,509.34

26. Rent of local offices 652,578.49

27. Stable employes 355,782.70

28. Stable supplies and expenses 1,472,385.71

29. Train employes 938,146.38

30. Train supplies and expenses * 28,171.27 -

33. Stationery and printing 321,613.38

34. Loss and damage, freight 912,729.98

35. Ix)ss and damage, money 43,317.56



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36. Loss and damage, property 11,839.38

37. Loss and damage, injuries to persons -. 43,881.96

38. Other expenses 8,378.10

39. Operating Joint facilities— Dr 250,126.38

40. Operating joint facilities— Or 251,150.37

Total transportation expenses $14,420,981.60

IV. General Expenses:

41. Salaries and expenses of general officers $148,221.39

42. Salaries and expenses of clerks and attendants 623,193.12

43. General office supplies and expenses 56,549.52

44. Law expenses 95,904.31

45. Insurance 122,169.98

46. Pensions 33,810.48

47. Stationery and printing 31,271.14

48. Other expenses 11,590.34

49. General administration .joint facilities— Dr 399.41

50. General administration joint facilities— Cr 1,017.23

Total general expenses $1,122,092.44

RECAPITULATION OF EXPENSES.

T. Maintenance $1,151,845.10

II. Traffic expenses 147,733.84

III. Transportation expenses - 14,420,981.60

IV. General expenses .' 1,122,092.44

Grand total $16,842,652.98

(Page 51.)

OUTSIDE OPERATIONS.

Designation. Revenues.

Foreign department operations $173,986.63

MISCELLANEOUS INCOME.

Gross
Source of Income. Income.

Southern Express Co., operation of Norfolk

& Western Lines $124,407.56

Joint facility rent income 9,690.73

Total $134,098.29



Expenses.
$238,857.25


Dettcit.
$64,870.62


Expenses.


Net
Income.


$115,579.23


$8,828.33
9,690.73




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(Page 59.)



IMPORTANT CHANGES I>1 T R1NG THE YEAH.



Here present statements as follows: 1. All extensions of the respondent's
business over transportation lines. 2. All transportation lines from which the
respondent's business was withdrawn. 3. All important purchases of equipment
for new lines. 4. All other important physical changes. 5. All consolidations or
reorganizations effected. 6. All new stocks issued. 7. All ned funded debt issuexJ.
8. All changes in the respondent's holdings of stocks and funded debt. 9. Ad-
justments in the book value of securities owned and reasons therefor. 10. All
other important financial changes.

Acquired.

Steam Roads.

Barnegat Railroad, from July 1.. 1913

Central Indiana Railway, from May 1, 1914

Chesapeake & Ohio Railway, extension August 1, 1913, from Clothier, W.

Va., to Sovereign, \V. Va

Chicago, Burlington & Quincy Railway, extension October 1, 1913, from

Thermopolis, Wyo., to Casper, Wyo

Colorado & Southern Railway, extension July 1, 1913, from Eastonville,

Colo., to Falcon, Colo

Cincinnati, Bluffton & Chicago Railroad, from April 1, 1914

Denver & Salt Lake Railroad, extension January 1, 1914, from Steamboat

Springs, Colo., to Craig, Colo

Hocking Valley Railway, from July 1, 1913



Miles

9.00

76.00

9.70

134.00

9.6S
52.00

40.00
341.02



Electric Twines.



1913.



Bangor & Portland Electric Traction Co., from November 1,

Hagerstown & Frederick Railway Co., from June 1, 1914

Jersey Shore & Antes Fort Railroad Co., from October l f 1913

Slate Belt Electric Street Railway, from October 1, 1913 ,

Springfield Street Railway Co., from March 23, 1914

Stroudsburg, Water Gap & Portland Railway Co., from November 1, 1913

Steamboat Lines.

Newport- Block Island, extension September 3, 1913, to Providence, R. I.

Total lines acquired during year ending June 30, 1914

Abandoned.

Electric Lines.

Milford & Uxbrldge Street Railway Co., May, 1914

Steamboat Lines.

New England Navigation Co., between New York and New London, Feb-
ruary 1, 1914; New York and I*rovidence, New York and New Bedford



Total lines abandoned during year ending June 30, 1914

Funded Debt Acquired During Year Ending June 30, 1914.



9.00
56.00

2.23
16.00

9.00
10.00



1S.00
791.63



5.00



489.00
494.00



Adams Express Co. collateral distribution 4s, 1947

Adams Express Co. collateral trust 4s, 1948

Adams Express Building Co. first mortgage 4% per
cent bonds, due 1962

Chicago Great Western Railroad, first mortgage fifty-
year bonds, 1959

Chicago, Peoria & St. Louis Railway, interest note...

Hudson & Manhattan Railroad, first lien and refund-
ing 5s, 1957

Hudson & Manhattan Railroad, first lien and refund-
ing 5s, 1957, scrip

Hudson & Manhattan Railroad, adjustment Income 5
per cent bonds



Par Value.

$260,700.00

59,500.00



Book Value.

$260,700.00

59,500.00



3,300,000.00 3,300,000.00



75,000.00
6,243.70



242,000.00
75.00
200,000.00
Stocks Acquired During Year Ending June 30, 1914.



Chicago Great Western Railroad, preferred

Home Insurance Co

Simpson Crawford Corporation, commercial fractional

scrip

Wells, Fargo & Co



Par Value.



Online LibraryRailroad and Warehouse Commission of the State ofAnnual report → online text (page 48 of 64)