Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-04-13

cent on SloO,OO0. per cent on s15O0O0. 4
Der cent on $4,000, "a per cent on $4,000
$50. Surplus, S106. 231.S2.
Washington Plant.
The Chesapeake and Potomac Telephone
Company, Washir gton plant, actual cost
of construction to December 81, 1S97-Au-
gust 1. 1881, amount expended by the Ma
uonal Telephone Company of New York
for plant constructed to date mot includ-
ing franchises, licenses. good will. &c.,
SS2,549.S1; July 81, 1888. amount expended
by the National Telephone Company of
est Virginia in actual construction from
August /, 1881, to date mot including fran
chises, licenses. good will, &c.), SIS. $50. 40;
August l, actual cost of constructed plant
to this date. ssl. 130.2l. The plant sold to
the Chesapeake and Potomac Telephone
Company, together with franchises licenses
and right of way, valued at S425. 160.21, and
cash. material and supplies and accounts
receivable, amounting to s92,i4S.25. for
$I5O,OOO in stock of the new company and
the assumption by the new company of
SIS, 1882 of debts. December 81, 1897,
amount expended by the Chesapeake and
Potomac Telephone Company in actual con-
struction from August l, 1888 10 December
81, 1897, SAL 1855; total sost of Washing
ton plant to date, $532, 556.I6 Amount ex-
pended by the Chesapeake and Potomac
Telephone Company for real estate from
December, 1880, to December 81, 1897: Lot
81, square DO $50, 0i4.J0; lots 40, Al and II,
square 2o2. $6,13.S9; S36 154.39.
Total construction expenses at WASH
iEgton to date, $56S, 711.15.
Working assets: Cash. average monthly
balance, SS,S15, of which two-fifths on the
basis of receipts and expenses is appli-
cable to the Washington plant, s., 526 ma
terial and supplies $500; total, $22O26:
total investment, not including any charge
for franchises licenses right of way or
good will, $500. I3715.
Capital obligations: Capital stock issued
for NaC6 hi r,0t ler.
Bonded debt: Total issue, $4,000; less
bonds in the treasury and in the sinking
fund, $l27,O0; outstanding, SI3,SO; two
fifths applicable to Washington plant, said
two-fifths being the proportion which the
amount expended for construction in
Washington bears to the total amount ex-
pended for construction purposes by the
company, S149,OO0; total capital outstand-
ing $3.50 800; actual cost Of Investment,
above, $500. 1877. Is; leaving for cost of fran
chises, licenses, right of way, good will.
ETC., sos, 462.S5.
Net amount expended by the Chesapeake
and Potomac Telephone Company for actual
construction of telephone plant in District OF
Columbia from August !, 1888, to Decem-
Der 81, 1897, SAL. 1855; total construction
expenses to December 81, 1897, SAT- .5S0.94.
Sources from which the money expended
for construction was obtained-August l,
1893: From the original issue of $150,OO0 OF
capital stock there was realized, cash and
cash assets 81, 234.93 June and 10, 1884:
of mortgage bonds. $780, 600: Washington
proportion, two-ffths, S144,000 (S400.0O0 OF
bonds sold at 80 per cent; the discount $40,
900, was charged to the surplus account).
December %, 1897: Amount contributed out
of proceeds of sale of mortgage bonds,
100000; Washington proportion, two-fifths,
$41 200 100000 of bonds sold at LOB per
cent: the premium. 5000. was credited to
the surplus account). Amount contributed
out of earnings of the company, S215. 1861.
Total, SAT- .5SO.94.
Consideration for which the $3.50 600 of
capital stock was originally issued-S750, 900
issued August l, 1883, for the following
consideration: Cash, s79,601.79; accounts
receivable. s9,12S.22: supplies, $3,61S.24:
stock. National Fair Association, l share,
500; total, s92. 44S.25; less accounts paya-
Bile, $15, 1892; net cash assets, ST. 3334 .g3:
cost of actual construction of plant prior
to August 1, 1888. valued at Sis $50. 40 on
old company's books, SOL 1902: franchises,
licenses, right of way, etc, valued at s425
1922 on old company's books, s5Sl, 534 Sc;
total, $750.O00.
The Divfdends.
Dividends paid on Washington, D. c. proportion
Of capital stock of the Chesapeake and Potomac
Telephone Company, since organization Of COM
pany, July 3. 1888
$500 shares, at 500 each, S750OO0)
w. Amount Amount