The times., 1899-02-12

road were s5.317.71, leaving deficit OF
$3,5ll.21. The Eckington and Soldiers
Home road earned during this period $5I,-
1851. TIE operating expenses for the
period We're SI0.509.3@ leaving an excess
of expenses over earnings OF Sl3,3S3 81.
Taxes and interest on bonds and notes
amounted TO $i3. .692.57. making the total
deficit for the period S27O76.S9.
The City and Suburban management be
gan on September l. The earnings OF the
road for the remainder of the year were
$27. i2j.1i. The operating expenses were
SS2,5153i and the fixed charges s26,395.1S
leaving Il deficit of $3l, ,54i.9S. The sum OF
the deficits for the two portions of the year
was thus $JSG2l.31.
The total number of passengers carried
by the roads during the year was 1878 ,03l.
In the new financing of the road by the
syndicate 81 500 900 y bonds We're issued
and s250,0C0 are nov held in the treasury
OF the company. Stock to the extent of
2l.96O shares was bogglt for 81 0aS coo. or
500 a share. The bonds of the old COM
panies to the extent of 5000. 500 were pur-
chased. lexington and Soldiers Home
bonds to the extent OF $i?g. 500 were re
tired and interest on these bonds to the
extent OF $500. i3 was paid.
The estimate of the company of the val
ne Of the new construction on the line al
ready completed is S293, ,3l2.I6 and the val
ne OF the unfinished contract with the Bal
timnre Security and Trading Company.
S6i2. 1902. There has been paid to the
Baltimore Security and Trading Company
Si6Z5o. These expenditures and assets
with the cash on hand and the losses on
the operation of the line make up the to
tai of the money received from the sale OF
the 81 800 coo bonds
The stock of the company is largely held
by the Baltimore Security and Trading
Company. which apparently holds it as Sc
curity from the syndicate. The amount
thus held is 2l.s55 shares. or lo5 shares
less than the amount of stock purchased
by the syndicate. The total issue of stock
is $1,000 shares. Following is Il list OF
other large stockholders:
Baltimore Trust and Guarantee Co........ j.2jg
Bartlett. Hayward x tu.................-. 80
u. VI. Ncwh"d .-.......-.....-.-. l,t'si
Henry T. Scott.................... .Goi
'''''' = Oh
Mr.. Crosby. the chief figure in the syn
dicate so far appearing. has five shares
The AnacOStia and Potomac River Road
received from passengers during the year
$32,01S, and from other sources $66i.32
making II total of receipts of $32 r.. .O6
The total cost of operating the road and of
repairs was Sl.iIi.G6, and the total cost
OF maintaining the road and real estate
W do - i--"p mus ulutT lne system Ol
management under the receiver the road is
shown to have paid operating expenses
During the year MIR. +. c. Stevens of
the syndicate. has purchased l,3iS shares
OF the capital stock of 1000 shares. There
are no other large holders of the stock.
The Georgetown and TenlcytOwn road
during the year earned So, ,625 10. and from
other sources Sl,59Sli, making total OF
S2i225.O3 The operating expenses for the
year were S20. 0.G9I.S2, leaving a balance IN
favor Of the road for operation of S3527. -.
The interest, taxes. and interest on the
bonds for the year We're $7iS3.55. which
makes the deficit for the year 80 y66.2S
The majority of the capital stock of the
company, total 1900 shares has been ac-
quired by the syndicate during the year.
The three principal representatives of the
syndicate are o. T. Crosby. F. c. Stevens,
and c. a. Lieb. who together hold about
2,O0O shares. There are no other large
holders.
The Brightwood road during the ar
has earned from its passenger traffic 500
935.l7, and its expenses for operation have
been Si7,56i.9l. The road has thus more
than paid its operating expenses. Mr..