Morning journal and courier., 1893-02-09
AFTER THE BATTLE.

AFTER THE BATTLE.
 Leading New Haveners Rejoice over
 the Consolidated Roads Big Suc-
 cess and Upon New Haven's In-
 creased Prominence as the Center
 of Great Railroad System-MOre
 About the Old Colony and the Big |
 Railroad Deal.
 The Consolidated road emerges from all the smoke and contest of the last week or two in the undisputed control of the Old Colony railroad with all that that implies, COURIER, and the event is recognized | throughout the city not only as 8 signal l triumph for this great home corporation, l but as matter of vast importance to the l city of New Haven, which is now and from indication will continue to be the | grand center and headquarters of this | vast railroad system, with it's combined l capital of $50, 0,OOO, 900 or s6O ,OOo. 600 and an actual valuation of over $150, ,000, ,000. | Prominent and leading men all over the | city yesterday expressed great gratiaca- tion at what has been accomplished in this big railroad deal and it's predecessor, as regards the direct benefits which | must ensue and result thsrefrom to New Hsven's interests in promoting the growth and other material prosperity of this city. New Haven will reap great ad- vantages from its proud position as the center of this great railroad system, but outside of the honor 1t will reap very sub stantial advantages which cannot but add to the prosperity and growth of the city. Altogether New Haven's people wore a very contented and comfortable air yesterday in speaking of the deal not only ss con- l summation which was devoutly to be l wished, but as one which had been fully | realized. The mammoth new office build l ing of the Consolidated road, large as 1t is | to be, will be none too large for the big
 railroad system now created, and other improvements of an important character
 must necessarily follow. entailing the
 employment of largely increased force of officials and other en- ployes, most of whom must necessarily find homes here or in the immediate vicin- l ity. Vice President Futile spoke last even ing of the coming concluding features of
 the transaction, which are of routine character, and which involve the action of
 the board of directors Satu day upon the | plans of union for the two corpora
 tions, aud the subsequent ratification of
 the deal by the stockholders The making
 of quicker time on the fast trains between ! New York and Boston is part of the big general plan of improvements which Is | now being evolved. The New Haven road
 possesses the most direct route to Nov
 York from the thirteen most important
 places on the New England's line,
 says the Consolidated's management,
 and they therefore hold that the latter line
 can contribute but little traffic to the unit
 ed interests that the Consolidated does not
 already satisfactorily cover.
 THE OLD COLONY RoAD-1Ts MAIN LINE
 AND BRANCHES.
 The Old Colony line embraces mileage
 in the richest part of Massachusetts of 492
 miles, and leases ninety four miles mora,
 making total mileage of 576 miles. Its
 capital stock is $12, 567, 100, and It's funded
 debt is $11 ,957 400 The highest price , reached by it's stock in 1891 was 16S, and the lowest 161; the range in price for 1892 ) was from 164} to 190, it was sold in Bos- ton on Monday for 2154.
 The Old Colony Railroad company lines embrace the following:
 . Main lines ot road-Bostcn Mass, to
 ! to Provincetown, Mass. s.................. 12001 , South Braintree, Mass, to Piymouth, ., z, : Braintree, Mass, to Kingston, Mass ....., 3s.s4 ] ! Mayhower Park, Mass, to Newport, R. 1. 55.Os l | M,daleborough, Mass, to Somerset June k Rsynham, Mass, to whiittsnton' Junction.
 New Bedford, Mass. to Fitchburg. si Birmingham 10 Lowell. ell....,.........,.... 26,2 t Total length fin miles of main liaes .... 36S g Q Total mileage of branches ............ 1l34 LEASED LINES
 F. Boston and Providence railroad and l. Nantasket Beach railroad ....... 60
 | Fall River railroad ad...,.,.,,...,,..,. 122 d l Attleborough branch railroad ........... 70 1t ! Chatham railroad. ....................N.. 70 n Total l. .ngth of leased lines. ............ 9s k Fetal length of lines owned and leased
 Average number of miles lies operated curing g fiscal year. ......................... 569.1
 Second track Cowned 1so.5t; leased 55.4e) 175.e C. miles. Sdings (ownsd 190 10; leased 58 12) 242 ss ss s Steel rsI wned se4ss leased 1ss 3e The Old Colony railroad from Sout a Boston to Plymouth, 3726 miles, ws lss chartered March 16, 1944, and the roa 'N was opened November 10, 1845. The roa 8 was extended from South Boston to Bosto 1ne 1e in the year 1846.
 ,e The Boston and Providence railroa y. from Boston. Mass., to Providence, R. I A. forty four miles, was chartered July 2S r. 1881, and the road was opened in August
 1885. It was leased to the Old Colon ! railroad for ninety nine years from Apr ttnn l 1, 1888, at an annual rental of 10 per cent in on stock Income account for year endin sn June 30, 1891:
 to Rental, $5O9, ,e5o; organization expense, [r. $5, cos 60. Net income, $504 ,641 40. Pay b. ments: Interest on bonds, $1O1 400; div ne dends on stock q. A., J. & O, 24 per cen ny esch), $400, ,000. Total, $5O1 400 Surplu nd $3, 24l 40. Surplus forward, $75, 9S0. B ht $500; total, $50 O21.79; and deduct old s' he counts settled. S, ,532 85; net surplus Jun to 30, 1891. s76, ,4s9 Al.
 ns FINANCIAL STATEMENT, JUNE 30, 1891. de de Capital stock, $4, ,0Oo, ,OOO; funded deb W, $2, 1O5, ,OOO; current accounts, s152, 423 4 1d E; profit and loss, s76, 4s9. Al; total, $6, ,393 ITS 912. 90. Contra: Cost of road and equi] a- ment, $5, ,917, ,322 65; stocks and other il
 vestments, $315, ,O93 40; cash, $l61, ,496 & n- total, $6, 393 912 90.
 1g Branohes-West Roxbury, 5.37 mile he Dedham, 222 miles; stoughton,
 miles; India Point, 8.05 miles; tota
 10 69' miles. Total length of line, 63 7 miles; second track, 55.42; third trsol ,e S.67 sidings, 50 57. Guage, fit. S4 il
 Rail (steel, l58 91 miIes), 70 lbs. be The funded debt consists of $500, ,0(
 per cent. twenty-year bonds due July s- 1893, interest January and July, and $1 be 665, ,0e0 (authorized $2 1000, ,000) per cen ty thirty-year bonds, due July 1, 1918, inte If est January and July.
 Interest payable at treasurer's offc 8. Boston, Mass, annual second Wednesds
 of October. T. P. I. Goddard, presiden ,s. Providence, R. I. Benjamin B. Torrey ss. treasurer and clerk, Boston, Mass. Ger ,e ersl office, Boston, Mass.
 nd OTHER POINTS OF INTEREST.
 The New York, New Haven and liar 5a ae ford line embraces mileage of 149 mile
 it's main line running from Woodlawn. \ nd Y., to Springfield, Mass. It leases 4s s |s miles more, and operates, under track a
 engagement, IT miles, and in all has tot " mileage of s36 miles. It's capital stock ns $15, ,50O,e00, and its funded debt $2,O00
 GOO. The highest price reached by i, 80 stock in 1891 was 271, and the lowest 224, h. the range in price for 1899 was from 2S IT, to 252. It has recently gone considerabl In higher. The par value of the stock Is 10( an It pays 10 per cent. dividends, 90 that