Document 9JJM3q6yGyzqaX7gMmmYEO6K3

DownloadSearchable PDFRandom document
PLAINTIFFS EXHIBIT MOODY'S MANUAL OF INVESTMENTS AMERICAN AND FOREIGN TRANSPORTATION Railroads --Airlines--Shipping Traction, Bus and Truck Lines JOHN SHERMAN PORTER, Editor-in-Chief David M. Day Editorial Board Frank J. St. Clair _ David M. Ellinwood Arthur W. Herrmann Charles N. Berents George I. Blair Frank J. Prendergast 1952 COPYRIGHT, 1952, BY Moody's Investors Suvice, New York A LX RIGHTS IXSEIVEJ7 Public Library ,OCT 7 m) Dallas Tejoas MOODY'S INVESTORS SERVICE 65 BROADWAY, NEW YORK 6, N. Y. PHILADELPHIA BOSTON CHICAGO LOS ANGELES PITTSBURGH SAN FKANCISCO 1411 Walnut St. 75 Federal St. 105 W. Adams St. Hollingsworth Bldg. Union Trust Bldg. Russ 31dg. LONDON: MOODY'S INVESTORS SERVICE, LTD. Q^ llVA iU jj\ '& 54 i I PAID: 1936--J939-W 1945--19_-- $140 250 100 400 350 $110 1941-42 180 1946__ 125 1949__ 250 192$__ $190 1943-44 150 1947__ 200 1950__ 300 l9TraK*,*<'~ A|Mt Stock transferred rccutcred at company'* office. and FORT smith, subiaco a rock ISLAND RAILROAD CO. Mletory: Incorporated April 12,1919, aucceea- mg tne Fort Smith, Subiaco * eastern H-R. Co. original oailed the Parli Subiaco Traction Co tne name being changed to Fort Smith, SuOiaco it Eastern R.R. In 1909. Commenced ooerataon in Sept., 1920, on extension from Scranton to Dardanelle. Ark., and on Una from naraanelle to Ola, Ark. Connect* at Pari*, Ajg with Mlsaourl Pacific RJl. Line Owned: Paris to Scranton, Ark.. 14.8 miles: under trackage rights, 0.34 mile; total boe.-ated, Dec- 31, 1951, 15.14 miles. Sidings, 2 87 miles. Gauge, standard. Rail 52 to 70 lbs. Equipment: 1 locomotive, 2 cars. Centre!: Company is controlled by the Am erican Construction Co. through ownership of capital nock. Reorganisation Petition: On June 22. 1938, company filed a petition In the U. S. District Court for Western Arkansas for permission to reorganize under the Corporate Bankruptcy Act. Company also filed a petition with the ICC23, 1938, the Court appointed H. A. the Beaumont, Sour Lake Sc Western Ry. Co.. St Louis, Brownsville Sc Mexico Ry. Co.. Fort Worth Sc Denver City Ry. Co. and Chicago. Rock Island Sc Pacific R.R. Co. These com panies own all the capital stock; leased from International Great Northern Ry. Co. and Beaumont Sour Lake Sc Western Ry. Co., 41.90 miles. Pursuant to new operating agreement of Mar. 7. ;ai0. Fort Worth Sc Denver Railway Co. and Chicago. Rock Island Sc Pacific RJl. Co. assumed obligations and liability in re spect oi principal, interest and sinking fund payments tor not exceeding $3,085,000 or com pany's first 3V23, due 1967; and Gull. Colorado Sc Santa Fe Ry. Co., Beaumont, Sour Lake Sc Western R>. Co., and St. Louis, Brownsville SbconMdes.xico Ry. Co. guaranteed principal of the Equipment: Switching Locomotives, 26; ser vice cars. 7; motor trucks. 5. Officers: J. P. Cowley, Vice-Pres.; F. E. Bates, V:ce-Pres.; A. B. Higgins, Sec. and Treas.; R. T. Chambers, Aua.; G. M. Leach, Gn. Mgr. Directors: O. H. Osborn. J. P. Crowley. L. B. Pritchett, F. . Bates. R. H. Kelley. R. W. AHrumtcshterosonng., A- B. Kelley, L. A. Bruns, Palmer Annual Meeting: Wednesday pi seeding sec ond Thursday In November. No. of Stockholders: Dec. 31. 1950, 9. No. of Employees: Dec. 31. 1951, 1,569. Income Account, years ended Dec. 31: HUNTINBDON * BROAD MOUNTAIN RAILROAD COAL CO. HlikiT Incorporate Mar 9. uh bjuot Peanayleanie law*, and In July. 19M aonaolldated wltb the Bedford BJL Co. Reorganisation: On April 4. 1949. company notified the ICC that it had begun a reor ganization proceeding and supplied It with copies of papnee*'s filedd in U. S. District Court atTIn--Scri1aa95nr1iton-p--u-a-r-ss-.u-u-a-n-n-g.t a.tpo--poTICiPnCntmaeepnnnpt *rooAfvI, aal,truGs.teAe.. Troutman was appointed successor trustee. BmImmi Burinms of company la mainly the transportation of coal In the Broad Top coal region of Pennsylvania. Line of ffMd: Huntingdon to Mount Dal* Us. Pa., with branches and extensions to mines in the Broad Top region. Mileage: 68.53 miles. Sidings, 17.45 miles. Standard gauge. Rail, 70 to 1#0 lbe. Equipment: Locomotives. 8; steel hopper co-v cars, 70; miscellaneous cars 2nd equip ment. 13. Bus Linet In March. 1930 company obtained authority from Pennsylvania Public Service Commission to operate a bus Une froze HunV Inrdon to Bedford: operations began in Jail. 1980 and were dlacontinued during 193$. Boa operations were conducted by Huntingdon A broad Top Transit Co., which now operates a freight service. Officers; 6. E Resley, Gen Mgr.; C. E. Gien- Young, Ft. Smith, Ark. as Trustee. The ICC Uter ratified the appointment. Officers: M. J. Reinhart. Pres.; J. A. Rein hart Vice Pres.; B. A. Brown, Sec. and Treas.; tr p Warner. Gen. Counsel. p.sector#: M. J. Reinhart, J. A. Reinhart, o \v. Smith. J. M. Lemon, Oklahoma Ci:y, o;:la Earl Cobb, H. P. Warner. Fort Smith. ArK B A. Brown, Paris, Ark. Annual Meeting: Third Monday In May, at Tort Smith, Ark. No. of Stockholders: Dec. 31. 1951, 9. Rental income___ Oth. non-op. mc.Ry. tax accruals.Fixcd charges----Other aeuuctions . Net income______ Surpius: credits__ Surplu.- debus----P. & ces.rit. 12-31 : Earned .surplus ICC order 1951 5944.060 65.348 552.338 463.529 5.327 d 16.286 19,010 2,724 , A.......... cleared from No. of Employees: Dec. 31, 1951, none. Office: Paris. Ark. Balance Sheet, as of Dec. 31: Assess 1951 income Account, years ended Dec. 31: Road U eqjip.___ S10.C84.942 Oper. revenues -- ODer. expenses --- 1951 $17 1,180 1950 Dona-r.r.s ............. 5255 M'sc phys prop... 1,980 Sinking iunds___ cr 234.529 539,776 436 Net oper. income- d 1,163 d 1.724 MUe. deposits___ 1.139 operating ratio 6,941.11% 773.42% Current Assets- Ry. tax accr.. etc.. Ry. oper. income.. f'.xed charges----Other deductions . Net loss................... 587 d 1.750 33,252 38 d 35,040 Balance Sheet, as of Dec. 31; 587 d 2.311 33,246 d 35,592 Cash.................. Soec deposits . .-lCj s etc.. rec. Mat. & supplies Deterred assets .. Unadjust, debits .. 357,115 52,575 517.470 750.645 167.804 82.804 Assets: Road & equip.__ Misc. property__ Cash......... .............. Accts. & bal. rec.. Niater. & supDlies Lnadj. debits ___ Deierred assets__ 1951 5295,613 256 8 2.289 1.014 444 8 1950 $295,613 256 11 2,289 1,014 444 8 Total ............. LiabilitiesCap stk. iSlOOi 1st 3lis. 1967 Non-neg. debt ... Equipment oolig . Notes payable . _ Current Liabil.: S12.620.227 S25.000 2.944,000 4,492.130 1.259.457 137,533 1950 $625,153 41.039 448.501 289.951 4.211 d 76,451 78.444 78.444 53.......... accounts on 1950 $8,986,366 cr 223.29i 540.29S 649 10,715 354.084 114.948 454,241 599,498 52.010 122,840 S11.003.7S8 $25,000 2,991.000 4,019,703 201.196 206.299 ger. Treas.; J. W. Matthews, Compt. and Asst. Sec. Directors: W. A. Rigg, G. A. Troutman, H. M. Watts. F. G. Sayre, Philadelphia. Pa.; J. F. MacEnulty, I. J. Galpeer. New York: C. F. Zimmerman, Huntingdon, Pa.; O. L. Hausner, Forest Hills. N. Y. Aomial Meeting: First Tuesday In February at Huntington, Pa. No. of Employees: Dec. 31. 1951. 89. No. of Stockholders: Dec. 31. 1951. 452. Office: Huntingdon, Pa., for Oper. and Treas. Operating Statistics, years ended Dec. 31: p3,r train mileage; 1951 1950 Freight _______ 26.057 31.450 Passenger ________ 55.499 55.362 Total ............... ....... 31,556 86.812 Fass. carried____ 6,475 S.36'i Passenger miles .. 92.327 126.966 Rev. freight tons . 358.271 377,722 Rev. ton miles___ 8.783.000 10.383.000 Coal _________ Sand. etc. ___ Miscellaneous , year* ended Dec. 31: 1951 1950 248.751 274.692 17.526 40.106 91.994 62.924 Total ............... 358.271 377.722 Income Account, year* ended Dec. 31: 1951 1930 Freight revenue Passenger rev. ... S288.553 3.302 $295,551 4.607 All other rev.___ 71.844 51,288 Total ___ _____ Liabilities: Capital stk. ($100). tjnded debt . .. Loans Sc bills pay. Accts . etc., pay... T ix liability .......... Int. m def. __ Accrued items___ Accr depreciation Deierred liab.___ Approp. surplus .. P Sc 1. deficit___ $299,632 S40.000 400.000 184,353 11,773 6.073 961.283 11.666 11.872 1.822 7,949 1.337,159 $299,635 $40,000 400.000 184,353 11.738 5.486 928,032 11.666 10 708 1.822 7.949 1.302,119 Total . .......... 3299,632 $299,635 Oetot: 1. Ft Smith, ftublace $ ft.lt. Cb. first geld 7s: due 1949: DAAUTTEHDO--RAIZnEtfD--1 $400,000; outstanding, $400,000. Accts . etc., paj Interest mat. Tax liability__ Oth. curr. liab._ Accrued deprec.. Oth. uiiacij. cred._ Lr.carn. .surplus . Approp. surplus .. 1.094.733 51.520 38.991 4.515 723,941 441.027 1.569 1,400.811 1,310.539 52.432 97,062 589 633.839 63.309 i.569 1,400.811 Total ....... Current assets .... Current liabil. ... *se, current assets ijl2.620.227 St.677.S05 1.189.759 488.046 $11,003,758 $1,522,771 1,460.532 62.239 I_s__n.M.. Debt: *1. Houston Belt S* Terminal Rahway Co. first mortgage 3^?*, duo 1967: 9A-.U- T00H0 ORIZED--$5,000,000; outstanding. $2,- DATED--July 1.1937. MATURITY--July 1. 1967. Total revenues__ Oper. expenses ... Net oper. rev.___ Ry. tax accruals . Ry. oper. loss___ Net eq., etc., rents Net ry oper. loss. Other income ___ Loss ....................... Mise. deductions _ Bal. for fix. chgs.. Interest on debt.. Net loss___ ............ 363,699 339.416 d 24.287 16.736 7,551 dr 21.653 M.102 2.285 11.813 421 d 12,234 121.462 143.696 Balance Sheet, as of Dec. 31: Assets: 1951 j'Road & equip. .. S3.383.166 Other invests ___ 1 Misc. phys prop.. 36,695 Mtge. deposr.s ... 9,990 351.446 385,776 d 34.330 19,415 53,745 dr 19.161 72,906 1.264 71.642 380 d 72.022 131,500 203,522 1950 $3,435,145 1 37,304 4,990 MATURITY--Aug. 1. 1949. INTEREST--Payable F$eA 1 In St. Louia, Mo. DENOMINATION--Registered. $1,000. INTERFST--J&J 1 at office of Trustee. NTRewUSYToErEk.AND REGISTRAR--Hanover Bank. Donat & grunts.. Current Assets: Cash ................... cr 44.701 21,03,8 cr 44.701 17,727 DISaSrUdaEnDe--lleT,oAerkxtend road from Scranton to pSrEoCpUerRtyE.D--By a first mortgage on entire DEFAULT--Interest and sinking fund pay ments In default since Aug. 1. 1919. CALLABLE--As a whole only at 109 and ac crued interest on any interest date on 60 days' notice. Bonds may also be purchased for sinking fund (which see). SINKING FUND--$50,000 annually on June 1 beginning June 1. 193$. to be applied to pur Spec, deposits -V S. Treas. ctfs. Accis . etc., rec.. Mat. &c supplies. Deferred assets__ Unadj debits ___ 606 15.000 25.687 44,706 2.828 21,590 4.218 20.000 17.208 47.979 1,009 22.473 Capital Steak: L fit. Smith, Sublace Ik Beck Island R.R. Co. stock; par 9190: AUTHORIZED--400 shares; outstanding. 400 'hares; par $100. DIVIDENDS--No dividends paid. HOUSTON BELT A TERMINAL RAILWAY CO. History: Incorporated in Texas, August 31, 1905. to construct, own and operate terminal chase of bond* at not exceeding 109: If not so obtainable, funds are to be Invested In ap proved securities. SECURITY--A first mortgage on all company's property now owned, or hereafter acquired. GUARANTEED--By lessee companies (see lease and control above). ADDITIONAL BONDS--May be issued up to 75% of the value of additions and betterments subsequent to July 1.1937, Total ________ Liabilities: 7rr pfcl. stk. (S50). Com. stock 'S50)__ _?.Debt in default. Current Liabil : Accts., etc., pay. Interest mat. ... Divs. mat. unpd. $3,515,606 $2,000,000 1.371.500 2.424,629 41.542 1,100 144 $3,563,353 $2,000,000 1.371,500 2.424,629 78,057 1.100 144 properties In and about Houston* Tax. Property: Owns Union passenger station m Houston and 99.01 miles of tracks, includ ing belt line around the city. _ Leased from Gulf, Colorado and Santa Fe. PURPOSE--Issued to retire Houston Belt $ Termin--a--l--R-y--. C--o. --firs--t --to, duuor J'u--ly 1. 1997. OFnRKD--Entlro Imuo ($3,900,000) sold to Metropolitan Life Insurance Co. at per. Accrued taxes .. Int. in default ... Other defd. liabil. Oth. unadj. cred. . P. & 1. deficit___ 4.160 3,149.325 388 1,931 5,479,113 7.528 3.018.158 388 954 5.339.105 miles; International Gt. Northern, 65.55 Beaumont, Sour Lake Sc Western Ry.. 41 90 miles. Trackage rights, 1.90 miles. Stand S^Sir*50 >ard_gauge; --ra*i*l, 85 w90,, i1iu10 aannad n11a5 IlDbSs.. --rtiwa!*y**e-**.urt?alcc-lqHp--arItliM i BeH nwTmjcuni * n ,. * TanaInal Total .............. Current assets___ Current liabil. ... Net current assets SJAfter deducting 202: 1950, $612,713. $3,515,606 $107,037 46.946 60.091 depreciation: $3,563,353 $107,132 86.829 20,303 1951. $632,- HIncludes $993,629 notes payable. MOODT'S MANUAL OF INVESTMENTS 1458 Issue Stock Amount Offered of Record 33.000.000 4s of 1953 1909 43.686.000 4s of 1960 1910 92,964 Ih. common Jen. 27,1928 30.204.000 414s of 1948 Nov. 21.1928 Per Cent, Rights Value Ppraicre of Holdings Expired of Rights 15% Apr. 8. 1905 *- 14 Price par par 5104 102* par par Note: Per Cent. Rights of Holdings Expired 8 Apr. 12. 1908 12 July 10. 1907 12 July 22. 1909 24 June I, 1111 4 May 4. 1988 12* Feb. 7. 1939 Stockholders, on April amended by-laws so that directors may from time to time Issue and dispose of any capital stock of the company heretofore or beroafuw authorized. In such manner and upon such term* as the board shall deem advisable, sub ject. however, to such preferential rights a* the then existing stockholders may have te subscribe therefor. BEAUMONT WHARF AND TERMINAL COMPANY (Controlled by the Atchison, Topeka A lasts Fe Ry. Co.) History: Incorporated under the laws of Texas, Mar. 26. 1897, for 50 years. Charter re newed Apr. 2. 1947. Road opened In 1898. Property: Includes terminal and 3.85 miles of belt railroad at Beaumont. Tex., and classed as Atchison yard track and sidings. Operated under trackage rights. 0.54 miles. Standard gauge. Rail, 52 to 90 lbs. Officers: F. G. Gurley. Pres.; R. G. Rydln. J. P. Cowley. Vice-Pres.; E. S. Marsh, VlcePres. (Finance); L. Wright, Vice-Pres., Sec.. Treas. and Aud.; J. C. Gibson. Vice-Pres. and Gen. Counsel; J. A. Manning, Asst. Treas. and Asst. Sec. Directors: F. G. Gurley, Chicago; Ballinger Mills. Jr.. J. P. Cowley, J. M. Hughen, R. C. Miller, E. Stedman. O. H. Osborn, J. A. Man No. of Employees: Dec. 31, 1951, 31. Annual Meeting: First Wednesday after first Monday in March, at Beaumont, Tex. Office: Beaumont. Tex. Income Account, yearn ended Dec. 31: 1951 1950 Xon-oper. income. 821.412 812.172 Hy. tax accruals.. 15.511 6.117 Fixed charges ___ 3.467 3,467 Other deductions -- 2.434 2.588 Balance Nil Nil Balance Sheet, as of Dec. 31: Assets: 1951 Road & equip.___ 8156.258 Accrued deprec. -- er 6,768 Donations _______ cr 4.S73 1950 8156.258 cr 5.805 cr 4.673 Misc. phys prop.. Receivables _____ 23.985 28.749 23.985 27.148 Total.................. Liabilities: Capital stock____ Non-neg. debt to affU. ___________ Accts. payable___ Unadj. credits___ 8197.551 860.000 115,570 20.819 1.162 8196.913 860.000 115.570 20.229 1.114 Total ....... 8197.551 8196.913 Capitol Stock: 1. Beaumont Wharf A Ter minal Co. stock; par $100: AUTHORIZED--And outstanding. 600 shares; par 8100. OWNERSHIP--All but 9 directors' qualifying shares owned by The Atchison. Topeka A ning, J. W. Murphy. Santa Fe Ry. Co. THE CALIFORNIA, ARIZONA AND SANTA FE RAILWAY COMPANY (Operated under lease by The Atcbtaou, Topeka A Santa Pa Ry. Ce.) History: Incorporated under the laT of | To^-cia A- Santa Fe Ry. Co and the only con- miles. Sidings, etc., 352.27 miles. Standard C.alifornia. Dec. 21. 1911. *fo- r 50 year*. -lection between the Atchison lines In Cali gauge. Under aeel dated Dec. 27. 1911, company fornia and the balance of the system. Officers: r. G. Gurley. Pres.; R. G. Rydln. acquired from the Southern Pacific R.R.. Co. and Southern Pacific Co., the mileage, prop erty and tranchlses of the "Mojave Line." from Needles to Mojave. Cal. Further ac quired by deeds at about the same time the lines of road, franchises, etc of Randabura J Lease: Leased to The Atchison. Topeka A Santa Fe Ry. Co., March 1. 1912. On Jan. 1. 1943 company effected a new lease to con tinue until terminated by either party on 90 days' written notice. Ry.. The California Eastern Ry.. Arizona A Lina of Read: Ash Fork. Ariz.. to Phoenix. California Ry.. Barnwell A Searchlight Ry.. i Ar`z-- 19324 miles; Matthie, Ariz.. to Cadiz, O. L. Gray. Vice-Pres.; E. S. Marsh. VicePres. (Finance): A. O. Appel. Sec. and Treaa.; J. C. Gibson. Vice-Pres. and Gen. Counsel; W. E. Davis, Aud.; R. M. Hogin. Compt.; R. S Outlaw. Gen. Solicitor. Directors: F. G. Gurley. Chicago: A. O. Ap Lospel. O. L. Gray, S. A. Forrester, G. L. Carver. Angeles Santa Fe. Prescott A Phoenix Rv . Prescott A I C*1-- miles; Entro to Blua Bali. Artz., Annual Meeting: Dec. 20. Eastern H R., Fullerton A Richfield Ry.. Brad- U?nI!oulS,: 9Sl . " **S)V* }- shaw Mountain'R.R.. Perris A Lakeview Ry.. ?* miles; Reedley. CaL. to Hedra. Cal.. Office: Los Angeles. Cal. Capitol Stock: L California, Arizona * Kings River Ry.. Fresno County Ry.. Oak-1 16r9a miles; Fullerton, Cal... to Atwood. Cal., Santa Fe Ry. Co. stock: __ dale Western Ry., and the Oakland A East fi'lmiles; Richmond Cal. to Oakland. Cal.. Side R R 19 90 miles: Laton, Cal., to Lanare. Cal.. 17.48 The road from Needles to Molava la a part! miles; total. 702.40 miles. Second track. 167.63 AUTHORIZED--850.000.000; outstanding. 19*4,600: par 8100. OWNERSHIP--All owned by The Atchison. at the Transcontinental Line of the Atchison. I Topeka A Santa Fe Ry. Co. THE DODGE CITY AND CIMARRON VALLEY RAILWAY COMPANY (Operated under lease by The Atchison, Topeka A Santa Fa Ry. Cfe.) History: Incorporated under the laws of Animas. Colo., to Colorado-OUahoma state Kansas, Nov. 17, 1911, to build a lina from line. 90.27 miles: total. 819.42 miles. Sidings, Dodge City. Kan., to iouth tine of Morton 45.26 miles. Standard gauge. County a distance of abcut 120 miles and from Officers: F. G. Gurley, Pres.; J. C. Gibson. connection with above line In southwest por Vice-Pres. and Gen. Counsel: R. G Rvdtn, tion of Haskell County to West lina of Kansas, W. L. More. Vice-Pres.: E. S. Marsh. Vice- a distance of about 60 miles, a total of 180 Pres. (Finance): C. A. Menninger. Sec. and miles. Treas.. Topeka; W. E. Davis. Aud.. Chicago; R. Lease: Operated under lease dated Jan. 1. M. Hogin, Compt.; R. S. Outlaw, Gen. Solici 1943, and thereafter from year to year, but tor terminable upon SO days' notice from either Directors: F. G. Gurley. Chicago: W. L. Mot-. party. C. A. Holcombe, R. D Brown. C. O. Clark. Dale Lina ef Read: Dodge City. Kan., to Kansas- McGrath. C. A Menninger, Topeka. Mo-Oklahoma state line. 119.47 miles: Satanta, i Annual Meeting: First Wednesday in Ktuia.. to PrltcbetL Colo.. 109 68 miles: Las vember. Office: Topeka. Kans. Bonded Debt: 1. Dodge city A Clmarran Valley Railroad Co. first gold 6s> OUTSTANDING--84.900,000. MATURITY--July TT1953. ,, TRUSTEE--Guaranty Trust Co.. New York. ISSUED--To Atchison. Topeka & Santa Fe Ry. Co. in satisfaction of a like amount ol in debtedness for advances for caolL-tl purposes. Capitol Stock: L Dodge City A Clmorron Valley Railway Co. stock: AUTHORIZED--8180.000; outstanding. 860.000; par 1100.____ __ OWNERSHIP--All owned by The Atchison. Topeka A Santa Fe Rv. FRESNO INTERURBAN RAILWAY COMPANY Atchison,(Centralled and operated under lease fey Tepefca A Santa Fe Ry. Co. History: Incorporated under California ! E. S. Marsh. Vice-Pres. (Finance): A. O. Appel, laws Apr. 4. 1914. I Sec. and Treas.. Los Angeles. Cal.: W. E. Davis. R-Lino of Road: Hammond to Belmont Ave. Aud.: J. C. Gibson. Vice-Pres. and Gen. Coun- Cal.. 16.92 miles: pm of line nut in operation sel. S. Outlaw, Gen. Solicitor. Chicago; R. June 1. 1914. Sidings, 3.20 miles. ' M. Hogin, Compt.. New York. Lease: Property leased to Atchison. Topeka ! , Directors: F. G. Curley. Chicago; O. L. Gray. A Santa Fe Ry. Co., Jan 1. 1943 and there- 1 A. O. Appel. G. L Garver, S. A. Forrester, after from year to year subject to cancellation ( Los Angeles. upon 90 days' notice. Annual Meating: Wednesday next after Officers: F. G. Gurley. Pres.: R. G. Rydln.! second Monday In May. Vice-Pres., Chicago; O. L. Gray. Vice-Pres.; I Office: Los Armeies. Cal. Bonded Debt: L Frosno Interurban hall way Co. debenture 6s: AUTHORIZED--And outstanding. 8329.000. ISSUED--In Jan.. 1929. in one registered bond to Atchison, Topeka A Santa Fe Ry. Co.. In payment of advances and outstanding first mortgage bonds. Capital fitock: L Fresno Interurban Railwsy stock: AUTHORIZED--8250.000; outstanding. 838.000; par 8100. OWNERSHIP--All owned by The Atchison. Topeka A Santa Fe Ry. Co. THE GARDEN CITY, GULF AND NORTHERN RAILROAD COMPANY (Operated under leoee by The Atehieen, Topeka A fiantn Fo Ry. Ce. i History: Incorporated under the laws of ; Menninger. Sec., and Treas.. Topeka. Kan.; R. OWNERSHIP--All owned by Atchison. Topeka Kansas on Jan. 4. 1807. S. Outlaw. Gen. Solicitor, W. E. Davis, Audi- A Santa Fe Ry. Co. Loase: The Atchison. Topeka A Santa Fe > tor. Chicago. I1L DATED--July l. 1909 Ry. Co. operates property under lease dated Directors: F. G. Gurley, Chicago: W. L. More. MATURITY--July 1, 1949 (continued without Jan. 1. 1943 but terminable upon 90 days' no C. A. Holcombe. R. D. Brown. J. C. Fink, C. A. formal extension). tice from either party. Menninger. C. O. Clark. Dale McGrath, C. J. SECURITY--Secured hy first lien on entire Lino of Road: Garden City, Kan., to Scott Putt. Topeka. property. City. Kan.. 37.11 miles. Sidings, etc., 2.95 miles. Annual Meeting: Last Thursday In OcL Capitol Stock: L The Carden City, Oulf A Standard gauge. Office: Topeka, Kan. Northern Railroad stock: Officers: F. G. Gurley, Pres.; J. C Gibson. Bonded Debt: 1 The Garden City, Qulf A AUTHORIZED--81.000.000: outstanding. 6599,- Vice-Pres. and Gen. Counsel; R. G. Rydin. Northern R.R. first geld <s due 1969: 000: par 8100. Vice-Pres., Chicago. 111.; W. L. More. Vice- AUTHORIZED--85.0C9.000; outstanding. 8600.- OWNERSHIP--All owned by The Atchison. Pres.; E. S. Marsh, Vice-Pres. (Finance): C. A. I 000. Topeka A Santa Fo Ry. Co. GULF, COLORADO AND SANTA FE RAILWAY COMPANY (Operated as part of The Atchison, Topeka A Sasrta Fa Ry. System) History: Incorporated under the laws of | Fort Worth A Rio Grande Ry. Co., Gulf. Beau- `*xas. June 6. 1873. Acquired by purchase rr.ont A Great Northern Ry. Co., Gulf. Beau- tbe Chicago. Texas A Mexican Central Ry.. -m--o--n-*t "A "Ka--n--s--a--s"C"ity Ry.. Hea-l-d--t-o--n---A----S--a--n*ta Fe lube 15. 1882; the Central A Montgomery Ry.. Ry. Co.. Jasper A Eastern Ry. Co. and Texas jug. 1, 1882; and Texas. Louisiana A Eastern A Guif Ry. Co , formerly operated under lease. R R. July 2 1897 In Apr.. 1950, acquired Santa Fe Tie A Lum In Dec.. 1948. acquired properties of Cane ber Preserving Co. Belt R.R. Co.. Concho, San Saba A Llano RJt.. _______Linos: Operates under lease the Gulf and Interstate By. Co. of Texas and the section of the Panhandle and Santa Fe Ry. south of Sweetwater. Jointly with other roads, owns and operates under lease Houston Belt A Terminal Ry Co. (see general index). U54 MOODY'S MANUAL OF LNV Lt>l la Cwitret: Controlled by The Atchleon, INTEREST--JAJ 1. L Gulf, Beaumont A Groat Northom Topeka ft Santa Fe Ry Co. TRUSTEE--Guaranty Trust Co.. New York. way Co. general 6a, B: Line ef Road: Total lines operated, 2.106.96 ISSUED--To Atchison. Topeka 8c Santa Fe Hv AUTHORIZED--And outstanding. I1.19J.I miles, of which 1.928.15 miles owned. Leased Co. in satisfaction of a Uke amount of in OWNERSHIP--Issued in 1930 in one ref - lines 128.12 miles; trackage, 50.69 miles, owned debtedness due to that company. aJI pleagro bond to Atchison, Topeka & Santa but not operated. 5.76 miles. Mileage by under A. T. fle S. F. Ry Co. general mortgage Co. to refund a like aggregate p states: Texas. 1.906.40 miles: Oklahoma, 136.03 miles: Louisiana. 64.53 miles: total, 2,106.96 miles. For detailed mileage, see A. T. ft S. T. SECURED--By a first lien on 1.220.04 miles of road. Note: As of Dec. 31, 1951. there were also amount of first mortgage 5a which July 1. 1930. ASSUMED--By Gulf, Colorado and Santo Ry system. Officers: F. G. Gurley, Pres., Chicago, 111.: J. P. Cowley, Vice-Pros, and Gen. Mgr.. Gal veston. Texas: G. H. Minchin, Senior Vice- Pres.; C. R. Tucker, Vice-Pres., operation: G. E Duffy, Vice-Pres.. Traffic: R. G. Rydln, Vice-Pres.. Chicago: E. S. Marsh. Vice-Pres. (Finance); J. A. Manning.' Sec. and Treas.; J. F. Lovely. Aud.. Galveston. Tex.: R. M. Hogln. Compt.. New York: J. C. Gibson. Vice- Pres. and Gen. Counsel: R. S. Outlaw. Gen. Solicitor. Chicago. X2L _ _ .. _ . Directors: F. G. Gurley, R. G- Rydln, Chi cago; O. H. Osborn, Ballinger Mills. Jr.. J. A. Manning, A. A. Horne. J. W. McCullough, I. H. Kempner, J. P. Cowley. Galveston, Tex.; R. J. Coke. Dallas. Tex.: J. V. Scott. W. S. Bellows. Houston, Tex.: W. H. Tyler, Fort Worth. Tex. Annual Meeting: First Tuesday in March. Office: Galveston. Tex outstanding, S2.080.051 (authorized. S17.85S.j25' l\<3% (formerly 5%) certificates of indebted ness due originally July 1, 1929. and extended indefinitely. Interest paid April 1. While In terest on indebtedness Is cumulative, it is payable only when earned. It Is mutually understood that the certifi cate wfll not be enforced as current assets by the holder (Atchison. Topeka Ac Santa Fe Ry. Co.). 1. Concho, San Saba A Llano Valley Railroad first goW (s, series A: AUTHORIZED--And outstanding, $615,000. OWNERSHIP--Issued in 1926 as one registered bond to Atchison, Topeka 8c Santa Fe Ry. Co. in satisfaction of a like amount of indebted ness for advances for capital purposes. ASSUMED--By Gulf. Colorado and Santa Fe Ry. Co. Ry. Co 4. Jasper A Eastern Railway Co. Brat gold series A: A UTHORIZED--$1.425,000: outstanding, 423.386. OWNERSHIP--Issued In 1926 as one re, bond to Atchison. Topeka A Santa Fe in satisfaction of a like amount of indebl ness tor advance for capital purposes. ASSUMED--By GuLf. Colorado and Santa 9m Ry. Co. f 5. The Texas A Gulf Railway Co. first nu 6s, series A: _ AUTHORIZED--And outstanding. $779 000 ^ OWNERSHIP--Issued in 1926 as one register^ bond to the Atchison. Topeka 8c Santa Fe Co. in satisfaction of a like an'.junt of in4cbfc edness for advances for capital purposes. r ASSUMED--By Gulf. Colorado and Santa 9m Ry. Co. Financial Statements: For financial state ments for 1935 and preceding years, see Moody's 1937 Railroad Manual; 1936 and sub sequent years Included in parent company's statements. Bonded Debt: Gulf. Colorado ft Santa Fe Ry. Co. general is, series A, and C: AUTHORIZED--And outstanding (series A. 2. Gulf. Beaumont & Groat Northern Rail way Co. general 6s, A: AUTHORIZED--And outstanding, $400,000. OWNERSHIP--Issued in 1926 in one registered bond to Atchison, Topeka 8c Santa Fe Ry. Co. In satisfaction of a like amount of indebted ness for advances for capital purposes. I Capital Stock: 1 Gulf, Colorado A Fe Railway Co. stock: AUTHORIZED--$20,000,000 (increased . $10,000,000 Feb. 23, 1931); outstanding, $15, 000: par $100. OWNERSHIP--All but directors' quallfyfM shares owned by the Atchison. Topeka Santa Fe Ry. Co. and $15,495,000 t1" 117.090.D00: series B. 521.310.0fl0: series C. 54.- ASSUMED--By Gulf, Colorado and Santa Fe I pledged under that company's genera] 000.000) $42,310,000. Due July 1. 1953. Ry. Co. 1 gage. THE GULF AND INTER-STATE RAILWAY COMPANY OF TEXAS (Operated under lease by the Gulf Colorado & Santa Fe Ry- Co.--- Atchison System) History: Incorporates under the laws of Tex.. 43.60 miles: yard track and sidings, 7.47 Office: Galveston. Tex. Texas May 19, 1994. Road opened In Sept., 1897. miles. Standard CAuee Bonded Debt: 1. Gulf & Inter-State The Galveston flood in J900 necessitated the Officers: F. G. Gurley. Pres.: R. G. Rydln. Co. of Texas general mortgage 6s: reconstruction of road and on Oct. 1. 1909 Vice-Pres., Chicago; J. P. Cowley. Vice-Pres.; AUTHORIZED--$1,528,700; outstanding. operations were resumed. On Dec. 15. 1925 J. A. Manning. Sec. and Treas.; J. F. Loveiv 444.024 -- acquired property of Santa Fe Dock & Chan* Aud., Galveston. Tex.; J. C. Gibson. Vice- OWNERSHIP--Issued in 1927 as two registered ' nel Co. Charter renewed May 9. 1934. Pres, and Gen. Counsel. Chicago: E. S- Marsh. bonds to The Atchison, Topeka A Santa 9m Lease: Leased to the Uujf. Colorado A Santa Fe Ry. Co. for 10 years from Jan. 1. 1992 and thereafter. New lease dated Jan. 1, 1943 and thereafter, subject to cancellation on 90 days' notice. Vice-Pres. (Finance), R. S. Outlaw. Gen. So licitor; Chicago. Directors: F. G. Gurley. G. E. Schuler, Bal linger Mills. Jr.. W. A. Kelso. J. P. Cowlev. J. D. Latimer. O. H. Osborn, J. A. Manning, J. W. Murphy. Galveston. Tex. Ry. Co. 7 Capital Stock: Gulf A Inter-State RaihMf'l^ Co. of Texas stock: AUTHORIZED--$500,000; outstanding. $7L9n." ^ OWNERSHIP--All but 9 directors' auaUgjS shares owned by The Atchison. Topeka A ' Line of Read: High Island to Beaumont, Annual Meeting: First Tuesday in March. Santa Fe Ry. Co. T THE KANSAS SOUTHWESTERN RAILWAY COMPANY (Operated under lease by The Atehisen, Topeka A Santj Pe Ry. Co.) - History: Incorporated under the laws of Kan., 53.33 miles: yard, track and sidings More, C. J. Putt. C. A. Menninger. R. IX Kansas. Oct. 24. 1901. for MO years, as a reor 6.01 miles. Standard gauge. Brown. C. O. Clark, Dale McGrath, Topekft ganization of the St. Louis. Kansas ft South western R.R. Co., which was sold under fore closure proceedings. Oct. 22.1S98. Lease: Leased to The Atchison. Topeka & Santa Fe Ry. Co. New lease dated Jan. 1. 1943 and thereafter from year to year subject to termination on 90 days' notice. Officers: F. G. Gurley. Pres.: E. S. Marsh, Vice-Pres. (Finance); R. G. Rydln. Vlee-Pre3,, Chicago: W. L. More. Vice-Pres.. Topjka Kans.; C. A. Menninger, Sec. and Treas.. To peka. Kans.; W. E. Davis. Aud.; J. C. Gibson, Vice-Pres. and Gen. Counsel, R. S. Outlaw, Gen. Solicitor. Chicago. I I ) Kans. , Annual Meeting: First Thursday In Not. 7 Office: Topeka. Kins Capital Stack: 1. Kansas Southwestern Raft. way Co. stack: AUTHORIZED--And outstanding, S3C2.000; pet *100 OWNERSHIP--All owned by The Atehlaaa," Line ef Road: Geuda Springs to Anthoov Directors: F. G. Gurley. Chicago W. L Topeka ft Santa Fe Ry Co. LOS ANGELES JUNCTION RAILWAY COMPANY (Affiliated with Atchison, Topeka A Santa Fo By. Cc. throu gh a subsidiary) History: Incorporated In California. May 16. 1923. to operate, under a lease, a railroad built and owned by Central Manufacturing Dis trict, Inc., to serve an Industrial area in Ver non. Cal. and adjacent territory connecting with the Southern Pacific, Union Pacific, Santa Fe. and Pacific Electric railroads. Mileage: Tracks operated. 54.18 miles: op erated under trackage rights. 1.44 miles: total. 55.62 miles. Standard gauge. Lease: On Jan. 13. 1949 the Interstate Com merce Commission approved terms of a lease dated Jan l, 1948, whereby the Los Angeles Junction Ry. Co. leased the railroad properties of the Central Manufacturing District. Inc. Lease runs from year to year subject to termi nation on 90 days' notice. Control: Capital stock owned bv the Western Improvement Company, an affiliate of the Atchison. Topeka 8c Santa Fe Ry. Co. Officers: R. D. Lutton, Pres., Chicago; C. J. Lumpp, Vice-Pres. and Gen. Mgr.; B. J. Dieges. Treas.; V. R. Cows^rt Sec. and Aud.; W. E Knight, Supt.. Los Angeles. Directors: R. D. Lutton. Chicago: B. J. Dieses. H. G. Erickson. LeR. M. Edwards. C. J. Lumpp. W. E. Knight, V. R. Cowart. Lot Angeles. Cal. Annual Meeting: Last Thursday in January. Office: Los Anfeles, Cal. Income Account, years ended Dec. 31: 1951 1950 Oper. revenues__ $1,027,215 51.059 979 Oper. expenses__ 754.564 662.977 Ry. tax accr. 135.035 167.980 Oper. income____ 137,616 229 0.'2 Net rents............. . ct 81.905 cr 22.430 Ry. oper. income._ 219.521 262.502 Other income ___ 1.080 1.080 Total income........ 220.601 263.582 Other deductions _ 25 25 Net bef. fix. chg.. 220,576 2C2.557 t'ixed charges___ 175.602 163.239 Net income .......... 44,974 100.318 Balance Sheet, as Assets: Road &equip.__ Cash ....................... Receivables .......... Mater. & supplies . Other assets Unadjusted debits Dec. 31: 1951 $603,056 47.066 117.552 16.001 3.076 3,980 1950 $597,499 84340 103.108 14.598 vm Total ........... Liabilities: Capital stock ___ Due affil. cos.----Accounts payable. Tax liability ____ Accrued deprec. .. Surplus ............... . $790,731 $50,000 67.427 78.088 ' 153~253 441.963 $815,404 $50,009 72JOS 14SJ44 2SJ09 125J4J 396.913 Total ............... $790,731 $815,404 Capital Stock: L Lts Angeles Junction I way Co. stock: AUTHORIZED--$100,,000; outstanding, $90JO. oar $100 __ OWNERSHIP - All owned by Western fte provement Co. NEW MEXICO CENTRAL RAILWAY COMPANY (Operated under lease by The Atchison, Tepeka A Sonte Fe Ry. Co.) History: Organised Sept. 21. 1908, as New Control end Least: Control was ;i<ou!rrd ! R. S. Outlaw, Gen. Solicitor, W. E. Davis. Mexico Central R_R. Co., under the laws of June 1. 1926 by Atchison. Topeka A f-.-nrr* Fe Chicago. _# New Mexico, as s consolidation of The Santa Ry. Co., which also leases the company New Directors: F. G. Gurley, Chicago; W. U Fe Central Ry. Co. and The Albuquerque lease dated Jan. 1. 1943 and from year to year More. C. A. Holcombe, R. D. Brown. J.C Eastern Ry. Co. thereafter, subject to termination on 98 days* Fink. C. A. Menninger. C. O. Clark, Dale lfie* In receivership from Jan. 10. 1910 to Jan. notice. Grath, C. J. Putt. Topeka. Kans. * S. ills, when the road with all its rolling Line ef Road: Road extends from Annual Meeting: Second Thursday In Jw stock and equipment waa purchased at fore* to Willard. N. M.. 28.07 miles: yard tjv.c'* and Office: Topeka. Ken. _ closure sale by S. C. Munoz. Trustee, for sidings. 2.12 miles. Standard gauge. Capital fitodc L New Mexico Coffin the then bondholders of the Santa Fe Central Officers: P. G. Gurley, Pres.; E. S. Marsh, way Co. stock: Ry. Co. The property was Immediately trans Vice-Pres. (Finance); J. C. Gibson, Vice-Pres. AUTHORIZED--$500,000; outstanding. ferred to New Mexico Central Ry. Co., a cor and Gen. Counsel: R. G. Rydin. Vice-Pres.. 900; nar $100. poration organized under the laws of the Chicago; G. R. Buchanan. Vice-Pres., Amarillo OWNERSHIP--All owned by AtehlauG, State of Delaware. Jan. 5. 1918. and qualified Tex.; C. A. Menninger. Vice-Pres., Sec. and peka 8c Santa Fe Ry. Co. as a foreign corporation tn New Mexico. Treas., Topeka, Kan.; R. M. Hogin, CompL; Hittoi July 20. present rrnewet Lease ftailwaj ject to Line Alpine. Presidic Hitter Texas ( Crnnde oresent Oct 23. Lease: & Santa :w3 Sui tlce Dat Line * tn KJ p 31 38 mi] Officer Vlce-Pre Chicago; o. Tex ; History Texas. Jl Propen Cilvestor vhlch 1 < Officers 0 H Ost md Trea Counsel 1 r. Lov tar. . Directo Jr. J W 0 J. Swe Annual 1436 MOODY'S MANUAL OF INVESTMENTS TRUSTEE--Girard Trust Corn Exchange Bank. Philadelohia. DENOMINATION--11.000 registerable as to principal. CALLABLE--Not subject to call. SECURITY--Secured by four 1.600-h.p. Diesel electric road switching locomotives. GUARANTEED--Unconditionally as to prin- ; tional sales agreement with Baldwin cipal and interest by Tennessee Central Rail- motive Works, covering Diesel 1------- n-av Co . by endorsement. due in monthly installments to Sent. 1 OFFERED--<$634,000) Sold privately at par in and $441.983 under a conditional sales 1352 to RFC ment with American Locomotive Co., Equipment Sales Agreements: As of Dee. 31, Diesel locomotives, due in monthly 1951, 1191.253 was outstanding under a condi- ments to Msy 1, 1958. Bond Record and Rttlngt Name of Issue: Interest Payable Maturity Amount Outstanding Annual Outstanding Interest oer Mile 1951 Sales on N.Y.SA (2.000) Beth* I. Tenn. Central Ry. Co. 1st 4s. A___ A AO 1 Apr.. 1967 56.152.000 3-------- $21,622 .... 2]No interest is computed on the bonds as they are not actually outstandirg, but are put up as collateral for RFC loan (see below) and interest is computed on balance due RFC. * Tennessee Central Railway Co. Erst mort- Zin 4s, series A, Cue 1947: AUTHORIZED--Open mortgage. Outstanding. series A. Dec. 31, 1951. $6,152,000, all pledged with RFC as security for loan (see below), DATED--April 1, 1937. MATURITY--Due April 1, 1967. INTEREST PAID--A&O 1. at office of com pany in New York or Nashville, Tennessee. TRUSTEES--Bank of New York Sc Fifth Ave. Bank. New York, and William Young. Jr., Brooklyn, N. Y. DENOMINATION--Coupon, $1,000; register- able as to pnncipal. REGISTRAR--Bank of New York & Fifth Ave. Bank. New York. CALLABLE--As a whole or In part on any interest date to April 1, incl., as follows: 1957___ 102 1962___ 101 1967___ 100 SINKING FUND--Company will pay annually to the Trustee on April 1, in each year from 1942 to 1966. inclusive, a sum eaual to either (a) 49 of 1% of the principal amount of the bonds outstanding as of the date of the sink ing fund payment (including bonds previously retired through the sinking fund), or <b) the net Income of the railway company for the year ending December 31 next preceding such sinking fund payment date, whichever is less. In case there shall be no such net income for any year ending December 31, company ahall be under no obligation to make any sinking fund payment for the ensuing year. SECURITY--A first mortgage on entire line of road and on all property and equipment PURPOSE--Issued to retire first 6s A and B due 1947 and also in connection with the pur chase and consolidation of Nashville Ter minal Company. TAX STATUS--No provision made for as sumption or refund of Federal or state taxes. Note: On Sept. 6. 194C. the ICC authorized company to Issue $200,001) first mortgage 4% bonds, series A. to be pledged from time to time as collateral security for short term loans. The bonds were issued against expendi CAPITAL STOCK DESCRIPTION tures of approximately $270,000 made from in come for capital improvements r.nce 1937. On April 20. 1943, the ICC authorized com pany to issue $260,000 first 4s. A. to be pledged from time to time as collateral security for short term loans. The bonds were Issued against expenditures of approximately $347,000 made from income for capital improvements to June 30. 1942. RFC Loan: On May 12. 1950, the ICC author ized company to issue $5,606,000 promissory notes to the RFC in connection with renewal of S5.232.300 loan which matured Apr. 1, 1950. and a new S373.700 loan covering unpaid in terest to April 1. 1950. Notes are to mature not earlier than Oct. 1. 1957. and not later than April 1. 1960. Company also was authorized to pledge as collateral $6,216,000 1st 4s. series A, due 1967. 1. TinntUH Central Railway Ce. h cumulative canvertibi* preferred: Bar Slag, AUTHORIZED AND OUTSTANDING-- share,: par 2100. PREFERENCES--Has preference aa to assets and dividends. CONVERTIBLE--At any time into two shares of common. CALLABLE--At any time at 110. VOTING RIGHTS--Has one vote par shaie PURPOSE--Created in March, UH. Issued tm improvements and other addition*. DIVIDEND RECORD--Initial dividend cover. Ins seven months paid Jan. 1. 1187. Regular dividends paid J6cJ 1 to Dec. 31, 1031, incL 1932 to 1936, incl., none: June IS. 1937, 7v Sept. 15. 1937. 7%; Deo. 30. 1030. 7%; Dec. gi 1939, 7%: Dec. 1. 1940, 7%; Dec. 23. 1941, 7%: 1942, 10tt%; 1943. 14%: 1944. 21% (clearing On July 11.1950. ICC authorized modification arrears); 1945, 7%; 1946.31i%: 1947 to 1950, IrJc of loan to allow company, upon RFC approval none. to use part of net income for expenditures for | Arrears, Jan. 11. 1952. 242 per share. additions and betterments. Under original Dividends payable J6cJ 1, to stock of recced agreement, company was required to repay to about D&J 28. RFC entire net income each year, less require TRANSFER AGENT--Transferred at com. ments for mortgage sinking fund payments pany's office. __ only. REGISTRAR--Nashville (Tenn.) Trust Co. Interest rate as of Apr. 1. 1950, 4%. 2. Tennessee Central Railway Ce. cmmmtmmi No dividends may be paid on any stock without consent of RFC. Outstanding, Dec. 31, 1951, $5,517,740. AUTHORIZED--70.000 shares: outstanding. 60 000 shares: held for conversion of ne. ferred. 10.000 shares; no par (changed from On Jan. 31. 1952. the RFC approved a $2.- 3100 in March. 1926, two no par shares Issued 249.800 loan to company for expansion of rail lor each 2100 bar share). services to East Tennessee coal fields. Com VOTING RIGHTS--Has one vote per share. pany apLied for loan to buy equipment cost DIVIDENDS--None paid. .. ing Si.000,000 including hopper cars, 4 diesel- OFFERED--(10.000 shares) privstely at 24124 electric road switch engines and for new per share in May, 1922, by Harvey Flak A track to Meadow Creek mines Sons. New York. According to H. W. Stanley, president, ex TRANSFER AGENT--First American National pansion is in connection with coal supply for Bank. Nashville. TVA Kingston steam plant under construc PRICE RANGE-- 1951 1950 1949 1942 1947 tion which will furnish electricity to AEC High................... 13`,i 11 2% 3V 2 Oak Ridge works. Low................... 7 3'i V> lii M THE ATCHISON, TOPEKA & SANTA FE RAILWAY COMPANY HISTORY Corporate History: Incorporated under the laws of Kansas. Dec. 12. 1895. The old Atchison, Tnpcka Sc Santa Fe Rail road Company was chartered in Kansas In February, 1859. The main iine was completed In 1873 and the years of depression, following the crisis of that year, affected the company adversely When better times appeared, the companv constructed more than three thou sand miles of new road and gained control over three thousand five hundred miles more. This expansion began in the `80s and by 1590. with the acquisition of the St. Louis & San Francisco R.R. and the Colorado Midland R R. reached nine thousand miles or more--the longest railway in the world at that time. The depression tn 1893 shook this great system apart, as it did manv other roads, and the Atchison lost a considerable part of its mile age in the reorganization. The present company acquired Chicago, Sante Fe Sc California Ry. Co. in 1900 and on Apr. 1. 1991. San Francisco Sc San Joaquin Valley Ry. Co. (chartered In 1895). Santa Fe. Prescott & Phoenix Ry. Co. (Incorporated In 18914 was acquired in July, 1901, and was merged into California. Arizona Sc Santa Fe Ry Co. in Dec.. 1911. In Sept., 1935, acquired through General Improvement Co. (since dis solved) control of Santa Fe Trail Transporta tion Co. In 1937. company purchased the Fort Worth Sc Rio Grande Ry. Co. owning a line from Fort Worth to Menard, Texas, approxi mately 216 miles, and the operation of the road was taken over by the Gulf, Colorado St Santa Fe Ry. on Mar. I. 1937. On June 30. 1941, company acquired and merged properties of following companies formerly operated under lease: Buffalo North western R.R. Co.. Oil Fields' Sc Santa Fe Ry. Co.. Osage County & Santa Fe Ry. Co., and the Kansas City, Mexico Sc Orient Ry. Co. On Dec. 31, 1942, company acquired and merged the following companies: Barton County Sc Santa Fe Ry. Co.; California South ern R.R. Co.; Corona Sc Santa Fe Ry. Co.; El dorado Sc Santa Fe Ry. Co.; Elkhart Sc Santa Fe Ry. Co.: Grand Canyon Ry. Co.; Mlnfcler Southern Ry. Co.; Oklahoma Central RJL Co.; Salina Sc Santa Fe Ry. Co.; Santa Fe Sc Los Angeles Harbor Ry. Co.: Verde Valley Ry. Co. Property of Laton & Western R.R. Co. was merged into California. Arizona & Santa Fe Ry as of Dec. 31. 1942. On Jan. 30. 1943 company acquired property of Rocky MourflaiT & Santa Fe Ry. Co. On May 20. 1944. the ICC authorized com panv to purchase ioirtlv with Chicago. Rock Island Sc Pacific Ry. Co. properties of Okla homa Ry. Co. Operating Territory: Operates 13.096.26 miles of road extending from Lake Michigan to the Rocky Mountains, the Gulf of Mexico and the Pacific Coast. The d'rectlv operated lines of Mie system consisted on Dec. 21. 1951. of the following. Atchison. Topeka & Santa Fe rail way proner. consisting of main lines from Chicago to Los Angeles and San Francisco, with numerous branches and spurs; Gulf. Colorado & Santa Fe Ry.. from Galveston. Texas, to Purcell. Okla.. from Somerville to Silsbee, from Temple to San Angelo, from Cleburne to Paris, and numerous other branches in Texas: Panhandle & Santa Fe Ry.. Ok'.ahoma-Texas line to Amarillo and New Mexico State line to Pecos, Texas. Farwell to Coicman, Amarillo to New Mexico State line, Slaton June, to Lamesa. Texas, OklahomaTexas line to Presidio Texas, etc. SUBSIDIARIES AND LEASED LINES In addition to Its directly owned lines, At chison either leases the property or owns prac tically all of the stock of e number of com panies operated as part of the system. Details of lease of various leased Une com panies are not given for reason that all of capital stock, except directors' qualifying shares, and all of bonds of these companies are owned by The Atchison. Topeka & Santa Fe Ry Co. and it does not appear that the details are particularly Interesting to the Investing public- In some cases, where the Atchison Company Is the lessee end also the owner of all of the interest-bearing debt of the lessor, the leases provide for the waiv ing of Interest on the indebtedness of the lessor owned by the leasee and no rental is paid. In other cases, particularly those compa nies whose properties are operated by the Gull, Colorado, and Santa Fe Ry. Co. and Panhandle & Santa Fe Ry. Co., such rentals as are paid to the lessors reach the Atchison Company tn the shape of interest. These transactions offset one another and they do not appear In the Income account of the Atchison. Topeka 8k Santa Fa Ry. System as shown in company's annual reports to stockholder*. Leases of certain of the companies which formerly received a rental permitting of dividend declarations have been modified so that the rental la limited to Interest on their Interest bearing obligations. The following companies are so operated: California, Arizona 6c Santa Fe Ry. Co. Clinton 6c Oklahoma Western R.R. Co. Dodge City 8c CimarTon Valley Ry. Co. Fresno Interurban Ry. Co. __ Garden City. Gulf 6c Northern R.R. Co. Gulf. Colorado 6c Santa Fe Ry. Co. Gulf 6c Interstate Ry. Co. of Texas _ Kansas City. Mexico 6c Orient Ry. Co of Texas Kansas Southwestern Ry. Co. New Mexico Central Ry. Co. Panhandle 8c Santa Fe Ry. Co___ __ Rio Grande. El Paso 8e Santa Fe R.R. Co. Terminal and Collateral Subsidiaries! Tbs following companies are wholly owned: Western Improvement Co. Central Manufacturing District, Inc. Chanslor-Canfleld Midway Oil Co. Cherokee & Pittsburg Coal 6! Mining Co. Coline Gasoline Corn. Coline Oil Corn. Lone Star Townsite Co. The Los Angeles Corn. Los Angeles Union Stock Yards Co. Los Angeles Junction Ry. Co. Oil Development Co. of Tex. Oklahoma Land 6c Improvement Co. Santa Fe Land Improvement Co. Southwestern Improvement Co. Westland Warehouse*. Inc. Beaumont Wharf 6c Terminal Co. Haystack Mountain Development Co. Santa Fe Paclilc RJt. Co. Santa Fe Trail Transportation Co. Santa Fe Transportation Co. (California) C oeyrlfM by R>n4 M f R t l l j 4 Co p <n> B ien SXKZKXSSAm AO IVClbiVW S.AQOOH Terminal Bldg. Corp. of Texas 994 route miles of highway, in the States of 1`uriher installations are programmed for Union Paasencex Depot Co. oi GalitrtonT Kanids, Oklahoma, Arkansas, Misoun, Ne 1952. (f-See ar>penaed lutemcnt vada. New Mexico, Colorado, Texas and Cal Substantial progress in raising track to Aniffates: The Atcbuon also owns a hail ifornia. In thi? freight service it operates over higher elevation and enlarging bridge open interest in the Sunset By. 41.62 miles, the rj;- pieces of freight equipment ings to provide a "dry line" across certain Southern Pacific owning the other half; also Effective Mar. 1. 1948. company's bus opera locations where service was interrupted by with 11 other companies, all entering Kanaa> tions were transferred to Transcontinental 1951 flood waters. Estimated cost of program City, owns capita) stock of Kansas City Ter jus .System, Inc isee general index I. a newiy- is $10,000,000. minal Ry. Co. and with 11 other companies, o\eamzed company, in which Santa Fe Trail Centralized Traffic Control--progress made which enter Chicago, owns Beit Ry. Co. of Tr.-nsportat on holds a 38 4^ stock interest. on installation between Bakersfiield and Chicago. Has joint stock Interest with West- The truck operations, in addition to offering Calwa. Calif and between Trinidad. Colo and em Pacific Ry. Co it. Alameda Belt Line lees a common carrier service, are integrated with Lynn. N. M., through Raton Tunnel. Both general Index for these companies). the railway and handle much railway freight projects scheduled for completion in 1952 On Sept. 4, 1424. tea Intarsiam Commerce under coordinated service, improving service Work expected to begin in 195- on installa Commission approved the acaulaitaon of Texsn and effecting faster deliveries, especially to tion between Arkansas City. Kans.. and Pur* City Terminal Ry. Co. by Uiaaouri-Knnana- some of the rail branch lines i cell. Okla Texaa R R. Co . New Orleans. Texas Sc Mexico Truck and bus services of Santa Fe Trans ' MANAGEMENT JRy. Co. and Atchison. Topeka Sc Santa 7a Ry Co. by purchase of entire capital stock of $500.OOC for $2.133.11B. Each applicant was te pay one-third of amount and to receive sub stantially one-third of the stock. In Jan.. 1928. Atchison jointly with South- era Pacific Co. and Western Pacific RR Co. acquired control of Central Calif. Traction Co. As of June IS. 1920. jointly with Illinois Central R R Co. acquired the Chicago Pro* dues road Terminal Co., which and approximately 1h00asaacretesrmofinlaalnrdaiinl i. the distribution center of Chicago. Pursuant to an order issued by the Cali i I fornia Railroad United States Commission, sustainad by the Supreme Court. Atchison. , 1 Southern Pacific Co. and the Loe Angeles A Salt Lake (Union Pacific) R.R. Cc constructed a union passenger station and necaeaary ter minal trackage at Los Angeies. Calif. The cost of the project rnot including depreeaing of streets and ether public work to be assumed by the City of Loe Angeles up to maximum | ; t ( of fl.00C.000> wet approximately $$.$00,000 Atchison's there cf the cost borne by the rail roads, which was also Its proportionate owner ship in the entire facilities, was $3%. Terminal was placed in operation May 7,1939. During 1943. Oakland Terminal Railway was incorporated in California to acquire freight properties and trackage rights of Oakland ! j Terminal R.R. Equipment & Co a subsidiary Realty Co.. Ltd. oCfomRpaailwnyayIs1 olntiy owned `e Ry Co. and by Atchison. Topeka A western Pacific ft. R. Co. Sants Each : company owns 1.125 common tharee. par $100 or a half Interest. Company serves the Oakland port and gen era) depot of U. S. Army In the Oakland outer harbor, as well as industries located In that i : . : territory and industries located on Key Sys tem tracks in Oakland and Emeryville. On Dec. 27. 1949. the ICC authorized ac quisition jointly with Chicago. Burlington Sc Quincy. New York Central and Pennsylvania railroads o' entire capital stock of Illinois I i | i i Northern Railway. portation Co. of California are largely coordi nated with Santa Fe rail service, principal part of such coordination being operation be tween Los Angeles and San Francisco where passengers are handled by bus over that part of tnp which lies between Los Angeles ana Bakersfield. Combined operating statistics of Santa Fe Trail Transportation Co. and the Santa Fe Transportation Co. of California, follow: ^."u"rcukckmsi:les eper.. 1951 15.572.000 1950 14.693,000 Route miles ___ 10,994 10,916 Tons of frgt. carr.. 502.000 482,000 Tci.-miles ............. 85.255 000 79.100.0U0 Maintenance and Property Improvements in 1951: Programmed maintenance work was ac complished in 1051. In replacing old rail with new, 16G miles of 132-Ib. rail and 115 miles o? 115-lb. rail were laid, a total of 281 track miles, compared with 368 in 1950. Cross ties inserted ir. renewals totaled 1,191.339 com pared with i.141.904 in 1950. Gross capital expenditures in 1951 were $79.7 million comprising equipment $60.9 million and rcadway $18.3 million. New equipment acquired in 1951 included 15 Diesel locomotives (205 units), 17 Ught- eight passenger cars find 3.812 freight cars (2.26' built in company shops). Additions and betterments were made In 2P5 - in connection with rail and bridge re newal programs, curve and grade reduction projects: constructing industrial tracks; ex tending passenger tracks; enlarging or re* .modeling important station facilities: ixn- proving employees locker room facilities; installing automatic warning protection at highway graae crossings; Installing new fa cilities for servicing and repairing Diesel locomotives: providing mechanized equip- .nent for maintenance and station operation; Installing radio telephone equipment on loco- motives and cabooses, and various other types of improvements including: Modern car repair and cleaning faclltUee built at Hobart. Calif. ! i | I I I ' i I , | i | ! i Officer.: __ T. G. Gurley. Prea. ft Oimn. tnc. Coma. R. G. Rydin, Vice-Prcmdrill (Executive; C. R. Tucker. Vice-President (Operation) G. E. Dully. Vice-President (Traffic) J. C. Gibson, Vice-Pres, ft Gen. Counsel . S. Marsh. Vice-President--Finance J. P. Reinhold. Assistant to President L. E Sievert, Exec. Rep. of Prea. E. S. Outlaw. General Solicitor R. M. Bogm. Compt. ft Aast Sec. C A. iiltnninger. Secretary & Treasurer D. C. Wilson. Asst. Treasurer A. O. Appel. Asst. Sec. ft Aast. Treas W. E. Davis. General Auditor W G. Bunt. Asst Gen. Auditor J. P. McDonald. Asst. Gen. Auditor L, L. Taylor, Asst. Gen. Auditor W. W. Kelly. Gen. Purehaslns Art. T. A. Blair. Chief Engineer--System F. H. Rockwell, Gen. Frt. Traffic Mgr. R. T. Anderson. Gen. Pass. Traffic Mgr. A. A. Dailey. Gen. Advert. Mgr. C. B. Anderson, Commissioner of Taxaa G. E. Wasko, Transfer Agent. New York W. L. Camp. Transfer Agent. Chicago Direct*rs: W. E. Brown. Wichita. Kan. Charles J Whlppla, Chicago J. L. McCaffrey. Chicago B L. Bunp. Kansas City. Mo T. S. Lamont, New York W. L. Dean. Topeka. Kan. K. L. Ryerton, Chicago J. L Cleveland. New York F. G. Gurley, Chicago R. W. Robbins. Pratt, Kans. A. R. Melllnger. Coleago 8. B. Flynn. Oklahoma City M J. Trees. Chicago Norman Chandler. Los Angaiee N. L. McLaren, San Francisco Anaaai Maatlagi Fourth Thursday is Asm at Topeka. Kan. _ . Number a* Stockholders: Dec. 31. 1851. Pre ferred. 20.10C; common. 39.627. Number of Employees: 1951 (average for Truck and Bus Operations: Company's prin Automatic Train Stop System--installed on system), 65.575. cipal motor earner subsidiary is Santa Fe 500 miles of track and 26 locomotives. This Chicago Office: 80 E. Jackson Blvd. Trail Transportation Co. Company carnes on type of train stop system has been installed New York Office: 120 Broadway. a common carrier freight operation over 10.- oh 1.983,5 miles of track and 149 locomotives Topeka Office: 92D"Jackson St. MILEAGE--Atchison, Topeka & Santa Fa System, Dee. 31, 1962 Comoany operates mainly In Illinois. Ml*- cun Kansas. Oklahoma. Texas, i^wiatawg Colorado. New Mexico. Arizona and Cali fornia Population rf thaee states tn 1890, Gulf A Inter-State Ry. Co of Texas Panhandle Sc Santa Fe Ry. Co___ 1.615.274: in 1800. il.890.Sa; In 1810. l.47.$ll: Total Gulf. Colorado A Santa Fe in 1320 i9T(i3.S:,2. !r, 1930. 31.035,500; in 1943. Ry. Co ........................................... 33.587,444; in 1950, 40,542,275 3anhandle & Santa Fe Rv. Co______ The directly operated llnee of The Atchison, Topeka A Santa Te Ry. System on Dec. $1, 195:. ccnsisTed of 33.0SC 26 miles (of which 12.749 27 miles owned], classified as follows (main track mileage, as of Dec. 31. 1951): Clinton Sc Okla. West. R.R. Co. .. Kansas City. Mexico A Orient Ry. Co. of Texaa____ _________ Rio Grande, El Paso A Santa Ft RR. Co......................................... Owned Atchison, Topeka & Santa Fe Ry Co. 7,684.29 1 Calif., Arizona & Santa Fe Ry. Co. 702.40 i Total Panhandle A Santa Fe Ry. co. ...... ........................... ............ Dodge City Sc Cimarron Valley Ry. Co............................. ............................. Fresno Interurhan Ry. Co. - | SUMMARY 311.41 ! I Mile*** Atchiion. by companies: Topeka ft Sente Operated lC.tl : Fe Ry................................. S. 110.13 Garden City, Gulf & North. Ry. Co. 37.11 Gull. Colorado ft Santa Fe Kansas Southwestern Ry. Co.___ New Mexico Central Ry.' Co.' MU 2S.OT I Ry. ............. -...................... PheaenhVaenedJleI. *ft- SC.im>*. FV>e. RCy... 2J.089878.6449 Owmed 43.60 64.60 2,062.11 1,142.89 12.03 $00.44 1071 1,845.57 8.841.59 2.062.11 1,845.57 Mileage by States: (cont'd) Operated Missouri______ ______ Kansas ................................. Nebraska Oklahoma ............................ Texas ................................... Louisiana Colorado ------------------------New Mexico........................ Arizona.......... ............ ----California ............................ 308 17 2.924 81 2.51 1,476.27 3.694 79 . 643.83 1.337.04 816.28 1,518.49 Tawolt miiiiiilceoaggte. oufi system 13.096.-2--6-- <U0 Total second main track operated. I*4 miles d.735.75 miles owned); total third m track operated 48.69 miles (28-47 miles total fourth main track operated, 12.38 mi Total Atchison, Topeka Sc Santa Fe Ry Co. .................................... 8,841.59 Gulf, Colorado Sc Santa Fe Ry. Co. -- 1,933.91 Total mileage ............. Mileage by States: Illinois ................................ Iowa ....................................... 13,096.26 12,749.27 (5.84 miles owned); total additional track operated, 2.010.38 miles (1.770.06 289.67 281.58 owned): total yard and track sidings op 19.87 19.87 5,357.21 miles (6,055.94 miles owned). ^ PHYSICAL FACTORSIWllftiyt, Equlpresnt mn4 Oputloa Yun Average Ended Miles Dec. 31 Operated IE 1942 EE1943 EE 1944 5)1943 El 946 mi 947 IT1948 &1949 ED 1950 B1951 13.2M 13.150 13.103 13.114 13.095 13,106 13.081 13.102 13.073 13.096 10-Year Aver. 13.122 Extra Main Track 1.910 1.951 138* 1391 1.990 1.999 2.009 2.009 2.012 2,010 1.987 Loco* motives 1,581 1.656 1.138 1410 1.814 1.727 1.G93 1.643 1,563 1.555. 1,680 Pm* anger Cars 1,438 1.421 1321 1.428 1,535 1.634 1,715 1,685 1.739 1,685 1,572 Freight and Com pany cars 25.029 86*539 86.916 ujn 80.674 84.512 84.692 85.*49 85.166 88.545 85.979 Freight 90 all Traffic TTc 11 72 T2 73 80 81 1 81 82 Aver Haul Mile* 550 554 631 613 533 sis 519 503 517 517 77 7, 545 Revenue Frexht Der*ity 2.113.459 2.428.774 2,866.924 2,170.625 2.273,494 2.502.249 2.S2:.6*4 2,143.268 2.180,126 2,502.614 2.440.543 Avarag* Revenue Freight Train Train Load Mils (Ton* Earnings 765 871 a 9X2 885 917 945 837 l.on 1,035 $6.04 7.44 7.T9 74a 6.67 7.65 864 894 9.M 10.22 921 8.07 5Avarag* Rev. per Paaaer.gar Avarag* Hevanu* par To* par Mil* (Crnti>_ MU* TcerWl 1.76 1.T6 U1 6)6 1.80 1.78 1.87 2.12 2.35 2.35 2.W 2.38 1 61 L01 l.U 1 30 1 39 1 42 1.42 2.06 l.U