CONDENSED HISTORY OF RAILROADS DOING BUSINESS IN KENTUCKY. Altamont and Manchester Railroad. Projected-Altamont to Manchester, Ky, 25 miles. Completed, 3.5 miles. Gauge, 4 feet 8.5 inches. Rail (steel), - pounds. Chartered May 24, 1890. The road was projected for the purpose of providing an outlet to the coal fields of Eastern Kentucky. Cost of road and equipment, $67,500. Directors-C. Crooke, W. P. Crooke, A. M. Crooke, W. B. Smith and R. H. Crooke. Officers-C. Crooke, President; A. M. Crooke, Secretary and Treasurer, Altamont, Ky., and R. H. Crooke, General Attorney. Ashland Coal and Iron Railway Company. Line of Road-Ashland, Ky., to Straight Creek Junction, Ky., 22.06 miles of single main track; 8.19 miles sidings. The Elizabethtown, Lexington and Big Sandy Railroad Company has trackage arrangement over 21.3 miles of this line. Rolling Stock-Locomotives, 8; passenger cars, 2; baggage cars, 1; cabooses, 2; freight cars (closed), 4; gondolas, 59; flat cars, 12; four-wheel five-ton coal cars, 347. Financial Statement-General balance sheet June 30, 1895. Cost of road, $1,451,028.57; cost of fixtures, $396,533.98; bills receivable, $61,088 24; cash, $5,017.54; accounts, $31,056 67; total, $1,944,725. Credits-Capital stock, $1,494.500; funded debt, $244,000; floating debt, $135, 548.16; balance, $70,676.84; total, $1,944,725. Officers-Douglas Putnam, Jr., President and General Manager; John G. Peebles, Vice-President; Robert Peebles, Secretary-Treasurer, General Passenger and Freight Agent; E. C. Means, General Superintendent; John F. Hagar, General Attorney; W. B. G. Hatcher, Chief Engineer. Directors-James M. Bailey, Pittsburgh, Pa.; Kenny L. Butler, Cincinnati, Ohio; George N. Biggs, Huntington, W. Va.; John G. Peebles, Portsmouth, O.; John Means, Ashland, Ky.; Douglas Putnam, Jr., Ashland, Ky. Beattyville and Cumberland Gap Railroad. History-Track was laid on this road in 1892 from Beattyville Junction (near Lumber Point, on the Kentucky Union) to Beattyville, Ky., 5.6 miles, and from Beattyville to coal mines, 1.4 miles; total 7 miles. Business was begun under the corporate name of the Winchester and Beattyville Railroad Company, but the name has been changed to the Beattyville and Cumberland Gap Railroad Company. The road has been operated since June 1, 1893. Rolling Stock-Locomitive, 1; combination car, 1. Financial Statement-Capital Stock, $160,000; funded debt in bonds, $160,000. Cost of road, $160,000. Officers-Robert Wallace, President and General Manager, Versailles, Ky.; G. W. Gowdy, Vice-President, Beattyville, Ky.; James P. Amsden, Secretary and Treasurer, Versailles, Ky.; Ed. M. Wallace, General Attorney, Versailles, Ky.; F. K. Baird, Passenger and Freight Agent and Comptroller. Principal Office and Address-Versailles, Ky. Burnside and Cumberland River Railway Company. Line of Road-Burnside Junction, Ky., to Burnside Landing, Ky., 1 mile. Sidings, etc., 4.3 miles. Gauge, 4 feet 8 inches. Rail (steel), 53 pounds. History-Chartered May 1, 1890; road opened December 1, 1890. Rolling Stock, June 30, 1898-Locomotive engine, 1. Financial Statement-Capital stock (authorized, $50,000; par, $100), $15,000; funded debt (first mortgage 6 per cent. 20-year $500 coupon bonds, dated December 1, 1890, interest payable June and December), $15,000. Annual meeting, second Tuesday in January at Burnside, Ky. Dividends payable at Burnside, Ky.; interest at First National Bank, Somerset, Ky.; Trustee of bonds, Joseph Cox, Jr., Cincinnati, O.; Register of stock, M. F. Molloy, Cincinnati, O. Directors-C. W. Cole, Oliver Kinsey, M. F. Molloy, Cincinnati, O. Officers-C. W. Cole, President, Gen. Manager and Purch. Agent, Cincinnati, O.; Oliver Kinsley, Vice-President, Cincinnati, O.; M. F. Molloy, Secretary and Auditor, Cincinnati, O. Principal Office and Address-Burnside, Ky.; Stock Transfer Office, 54 West Fourth street, Cincinnati, O. Chesapeake and Ohio Railway Company. Main Line of Road-Fortress Monroe, Va., to Cincinnati. O... : Leased Virginia Midland Railway, Gordonsville to Orange, Va.. 655.46 miles. 232.04 66 92.07 66 Second track, 34; sidings, 367.50 miles. Gauge, 4 feet, 9 inches. Rail (steel), 62 and Trackage Total length of lines operated June 30, 1892. The line from Big Sandy River, Ky. (513 miles from Fortress Monroe), to Cin cinnati, O., consists of 7.41 miles of the Elizabethtown, Lexington and Big Sandy Railroad, from the Big Sandy River to Ashland, Ky.; the Maysville and Big Sandy Railroad, from Ashland to Covington, Ky., 144.25 miles, including the Covington and Cincinnati Elevated Railroad and Transfer and Bridge Company from Covington to Cincinnati, 2 miles, operated and controlled by the Chesapeake and Ohio Railway Company. The lease of the Virginia Midland Company's line from Gordonsville to Orange, dates from March 1, 1891, and the trackage arrangement for the use of the rest of the Washington Division (for through traffic only) from April 1, 1891. History-Reorganization without foreclosure, October 1, 1888, of a company of the same name, whose property had been in the hands of a receiver since October 28, 1887. The Cabin Creek Branch, from Cabin Creek, W. Va., to Coal Mines, 15 miles, controlled by the company, was operated by the Kanawha Railroad Company until May 1, 1892, and since then by this company; and the Kinniconnick and Freestone Railroad from Stone City, Ky., to Stone Quarries, 9 miles, also controlled by this company, has been operated for account of the Kinniconnick and Freestone Railroad Company. The Craig Valley Branch, from Bessemer to Craig City, Va., 26.4 miles, was opened for traffic August 24, 1891, and the Warm Springs Valley Branch September 7, 1891. The company has completed an extension of the Kinniconnick and Freestone Railroad, 19.8 miles; and has under construction a short extension of South Side Branch (Greenbrier and New River Railroad); Gauley River Branch, 8 miles; Keeney Creek Branch, 5 miles; extension Buckingham Branch, 16 miles; and has recently finished 32 miles of additional second track along the Huntington Division. AUXILIARY COMPANIES IN KENTUCKY. Maysville and Big Sandy Railroad.—Ashland, Ky., to Covington, Ky., 143.04 miles; second track, 6.9; sidings, 44.9 miles. Rail (steel), 75 pounds. Chartered December 18, 1850, and by subsequent acts, road completed and opened for business January 3, 1889. Operated at cost by Chesapeake and Ohio Railway, which owns $5,000,000 stock and all the bonds. Financial Statement June 30, 1893-Capital stock, $7,500,000; funded debt, first mortgage 5 per cent. fifty-year $1,000 coupon bonds, de February 1, 1988, interest payable February and August in New York, $7,500,000; unfunded debt (advance by C. & O. Railway Company), $2,002,861.53; total, $17,002,861.53. Contra: Cost of road and equipment, $15,812,559.48; profit and loss, $1,190,302.05; total $17,002,861.53. Trustee of bonds, Union Trust Company, New York. Officers-M. E. Ingalls, President; J. C. Davie, Secretary and Treasurer, Cincinnati, O. General Office-Cincinnati, O.; Transfer Office, New York, N. Y. Covington and Cincinnati Elevated Railroad and Transfer and Bridge Company-Line of Road-Covington, Ky., to Cincinnati, O., 2.96 miles, embracing bridge across Ohio river and large terminals in Cincinnati and Covington. This company is a consolidation February 2, 1886, of a company of the same name, of Kentucky and the Ohio and Kentucky Bridge Company, of Ohio. Opened January 3, 1889. Operated at cost by Chesapeake and Ohio Railway Company, which owns all the stock and bonds, viz: $3,500,000 five per cent. 50-year $1,000 coupon bonds, due October 1, 1937; interest April and October, at New York, and $1,500,000 stock. Operations included in those of the C. & O. Ry. Trustee, Metropolitan Trust Company, New York. Officers-M. E. Ingalls, President; J. C. Davie, Secretary, Cincinnati, O. 398.48 miles. Total length of lines, December 31, 1889. . Sidings, 92.52 miles. Guage, 4 ft. 9 inch. Rail (steel, 351.58 miles), 46, 60 and 75 lbs. History The line owned by the company extends from Elizabethtown via Paducah, Ky., to Memphis, Tenn., a distance of 351.58 miles. The line from Louisville to Cecilia, 46.9 miles, formerly owned by this company, but sold to the Louisvilleand Nashville, January 19, 1877, is leased in perpetuity from that company at a rental of $60,000 per annum. On February 1, 1886, the road was leased for 50 years to the Newport News and Mississippi Valley Co., lessee maintaining and operating the property, paying interest on bonds and dividends up to 6 per cent, non-cumulative, on stock. A branch line from Elizabethtown to Hodgenville, Ky., a distance of 11.10 miles, was built by thiscompany for account of the Hodgenville and Elizabethtown Railway Co. It was completed and turned over to this company for operation on March 14, 1888, and has since been operated for account for its owners, a separate account of its earnings and expenses being kept. A branch line from Moffatt to Troy, Tenn., a distance of 4.6 miles, built by the Troy and Tiptonville R. R. Co., was transferred to this company for operation on July 18, 1888, since which time it has been operated for account of its owners, a separate account of its earnings and expenses being kept. In February, 1891, purchased the Ohio Valley R. R., guaranteeing interest on its bonds. This company has also come into possession of the Owensboro, Falls of Rough and Green River R. R. Rolling Stock, June 30, 1894-Locomotive engines, 90. Cars-passenger, 26; combination, 2; baggage, etc, 17; official, 2; sleeping, 3; freight (box, 1,753; stock, 88; flat, 186; gondola, 1,316; caboose, 42; miscellaneous, 141.) Also, one pile driver, 1 wrecking, 40 road and 8 tool cars, and 2 steam shovels. Operations for Year Ending June 30, 1895-Earnings, $2,329,662.17. Expenses $1,667,399.48. Funded debt outstanding December 31, 1890: Paducah and Elizabethtown R. R. first mortgage 8 per cent. 30-year $300,000 00 bonds, due February, 1907, interest, February and August. Paducah and Elizabethtown R. R. first mortgage 6 per cent. 30-year bonds, due February, 1907, interest, February and August. Chesapeake, Ohio and Southwestern R. R., first mortgage 30-year 200,000 00 bonds, due February, 1911, interest, February and August. 6,176,000 00 Chesapeake, Ohio and Southwestern R. R, second mortgage 6 per cent. 30-year bonds, due February, 1911, interest, February and August Equipment Trust Bonds .. Equipment Trust Notes.. Deduct payment to Trustee of Sinking Fund of Paducah and Eliza bethtown first mortgage 3,865,000 00 193,000 00 268,627 93 156,572 53 All bonds, coupons and $1,000 each; interest payable at 23 Broad Street, New York, N. Y., the C. O. & S. W., first mortgage bonds carried 5 per cent. interest until August, 1887, thereafter 6 per cent., payable in gold. Trustee, P. & E. mortgage, Wm. Mahl; first mortgage consol, J. A. Horsey and E. H. Pardee; second mortgage consol, Joseph P. Lloyd and James P. Harris. Registrar of stock, Metropolitan Trust Co. Unpaid past due coupons, $1,232,680; unpaid past due equipment trust bonds, $370,000; receivers' certificates, $230,000; due Newport News and Mississippi Valley Co. (net balance), $1,601,360.40; unpaid vouchers, wages and bills payable, $373,175.29; all other unpaid accounts, $347,097.37. Floating debt, $4,154,313.06; funded debt, $11,002,627.93; assets, $24,744,211.43; liabilities, $25,149,565.99. In November, 1893, the N. N. & M. V. Co. endeavored to sell its interest to the Illinois Central R. R. Co., which latter company had negotiated with the L. & N. R. R. Co. for the acquirement of a certain portion of said road. Contracts were entered into between the two last-named companies. The carrying out of this contract has been delayed, and may be prevented by a suit by the Commonwealth of Kentucky, in which the lower court has recently held that the charter of the Louisville and Nashville Railroad Company does not authorize it to acquire the Chesapeake, Ohio and Southwestern Railroad. Appeals have been taken from this decision, and should be heard and determined in the near future. St. John Boyle and John Echols were appointed Receivers of this road, and effort is now being made to sell the property under foreclosure. Chicago, St Louis and New Orleans Railroad Company. (Operated by Illinois Central Railroad Company.) Line of Road-East Cairo, Ky., to New Orleans, La, 547.79 miles. Length of road in Kentucky, 43.51 miles. Financial Statement-Capital stock, $10,000,000; bonded debt, $24,500. Board of Directors Illinois Central Railroad Company-Stuyvesant Fish, J. Hill, L. Foote, A. Baldwin, N. Hill, N. R. Sledge, E. T. H. Gibson, H. McCloskey, C. F. Vaner, A. G. Hackstaff, N. P. Moss, J. C. Welling, J. T. Harahan, J. C. Neely, C. A. Peabody, Jr., J. T. Harder, R. P. Neely, G. M. Covan, E. H. Harriman, W. P. Robertson, R. W. Millsap. Officers-Stuyvesant Fish, President, Chicago, Illinois; J. C. Welling, VicePresident and Comptroller, Ill.; J. T. Harahan, 2d Vice-President, Chicago, Ill.; E• |