Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-11
Statement Shows Financial
Organization of Units of
the w. R. and E. system

The following statement. prepared
in the office Of the company, shows
the financial organization of each Of
the subsidiary units of the Washing
ton Railway and Electric Company
system:
Georgetown and Tenleytown-Out-
standing bonds, 100000, all owned
by the Washington Railway and Elec-
trio Company.
Outstanding stock. 1000 shares. par
value. s50-s200. 000-of which 3.259
Railway and Electric Company and
the balance by individuals.
The stock was subscribed for at par
at the time of issue following or
ganization of company in 1890. No
dividends have ever been paid upon
therefore, never received any income
from its ownership of the stock of
this company. On the contrary, the
Georgetown and Tenleytown Rail-
way Company is now. indebted to the
Washington railway for advances for
expenditures for construction and ex-
penses of operation as follows:
Notes. $l12,266:48 interest matured
and unpaid, 1886: open account,
Washington 0'a 1nterue eauiOs railroad
Company:-This is reorganization
Of the Washington Interurban Rail-
way Company. the present capitalization
having been authorized by the Public
of Columbia and the Public Service
Commission of Maryland early in 1916.
Outstanding bonds, $4,000.
Outstanding stock, 1000 shares, par
value. $50: $4,000. Both bonds and
which. in turn, is controlled by the
Washington Railway and Electric
Company. Neither the Washington
and Rockville nor the Washington
turn on either the bonds or stock of
the Washington 1nterurban. On the
contrary, the Washington railway
has advanced money to the Washing
operation expenses. At the present
time the Washington Interurban has
outstanding debts, in addition to the
bonds above referred to-, as follows:
Matured interest. unpaid, s22: s0645;
Total. ;54.4s7.27
City and Suburban Railway Of
Washington: Outstanding bonds
First mortgage per cent, due August
1, 194S. Baltimore Trust & Guaranty
February and Augusta, 750, 900.
None Of the above bonds, owned
directly or indirectly by the Wash
ington Railway and Electric Company,
largely owned in and around Balti-
more.
stock-35, 900 shares, par value $50
$1,750,00O.
:. The Washington Railway and Electric
Company is the owner of 1858 shares
of this stock, the. balance being owned
by individuals.
This company was organized June
10, 1888, under the name Of Eeckington
and Soldiers Home Railway Company.
Subsequently it's name was changed
to the City and Suburban Railway of
Washington and it absorbed the Mary
land and Washington Railway and the
in 1898 and the Washington. Berwyn
and Laurel Electric Railroad Com
pany in 1910.
The original stock Of the lexington
and Soldiers Home was sold at par.
The only dividends ever paid on the
stock of the City and Suburban were as
follows: Two per cent in the year 1914,
4 per cent in the year 1918 and per cent
in the year 1916.
The total amount that the Washington
Railway and Electric Company has re-
ceived from its holdings of stock Of the
City and Suburban during the twenty
years that 1t has owned said stock is
$167.833. At the present time the City
and Suburban is indebted to the Wash
ington Railway and Electric Company
for advances for construction and oper-
ating expenses as follows: Notes, $685.
BOZ; interest on above notes. $2,247.70;
open account. $122,S46.15; total, $215,-
002.87.