Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VI. Public utilities

Collection:: Economics Books

— THOMSON'S MANUAL 1, FIRST MORTGAGE 6% GOLD BONDS Interest Payable: Jan. 1 and July 1, was appointed, composed of F. P. But- at the First National Bank, Chicago. ler. chr.: Hugo Krause, F. D. Hester. Trustee: First Union Trust & Sav- eae ; ings Bank, Chicago. Sinking Fund: 59% of gross receipts Registerable: As to principal. from all sources for preceding 12 Denominations: Coupon bonds, $100, months (but not exceeding $30,000 per 5500 and $1,000. annum), to purchase and retire bonds Callable:’ At 101 on any interest in blocks of $10,000 or more at not to date. exceed 101. Default: Coupons in default since Tax Status: Company pays normal Tulv 1. 1928. A protective committee Federal income tax up to 2%. 2. GENERAL 5% BONDS Trustee: First National Bank, Chicago. Interest in default. 3. INCOME MORTGAGE 6% BONDS Interest in default. SPOKANE, COEUR D'ALENE & PALOUSE RAILWAY CO. GENERAL OFFICE: St. Paul, Minn. CONTROL: By Great Northern Railway Company. HISTORY: Incorporated under laws of Washington, Sept. 15, 1909, as Idaho Central Railway Co.; name changed to present Dec. 11, 1926. With approval of the Interstate Commerce Commission given April 21, 1927, company purchased lines of the Spokane & Eastern Railway & Power Co. and Inland Empire R. R. Co., both electric railways. Company commenced operation of these lines on June 1, 1927, prior to which date it had not been an operating company. Pur- chase price of these properties was $1,250,000, of which $442,000 represented par value of Coeur d'Alene and Spokane Railway Co., Ltd. first mortgage gold 5s, due Jan. 1, 1929, secured by a mortgage on the property of the Spokane & East- ern Railway & Power Co. and which were assumed and paid at maturity; the balance of $808,000 was paid in cash, advanced by the Great Northern Ry. Co. BUSINESS: The Company is an electric line doing a general freight and passen- ger business the same as steam roads. It operates no city lines. PROPERTY: Lines of railway operated Dec. 31, 1929, consist of 171.96 miles of main track, 0.24 miles of second track and 38.86 miles of sidings and turnouts; 0.67 mile main line trackage; 0.16 mile sidings, etc.; trackage total 211.96. The lines extend from Spokane, Wash, southerly to Colfax, Wash. and Moscow, Idaho, 126.53 miles, and from Spokane, Wash., easterly to Hayden Lake, Idaho, 45.43 miles. Equipment owned Dec. 31, 1929. consists of 12 locomotives. 35 passenger cars 84 freight cars and 25 work cars. OFFICERS: Ralph Budd, Pres, St. Paul, Minn.; L. C. Gilman, Vice Pres., Seattle, Wash.; G. R. Martin, Vice Pres.; W. P. Kenney, Vice Pres.; C. 0. Jenks, Vice Pres.; F. G. Dorety, Gen. Counsel; F. L. Paetzold, Sec'y and Treas.; Geo. H. Hess, Jr., Compt.; J. R. Davis. Chief Eng.. St. Paul. Minn.: J. H. O'Neill. Gen Mgr... Seat- tle, Wash. BOARD OF TRUSTEES: Ralph Budd, G&G. R. Martin, F. G. Dorety. F. L. Paetzold St. Paul, Minn.; L. C. Gilman, Seattle, Wash. . Fiscal Year Ends: Dec. 31. Annual Meeting: 9nd Mon. in Jan. Number of Employes: Dec. 31, 1929. 205. CAPITALIZATION: Par Value Authorized Capital SOCK oo. coocrecmirmneneernnannanenen $100 $25,000 Ownership: All Capital Stock owned by Great Northern Ry. Co. INCOME ACCOUNT, Years Endinz Dee. 31 Outstanding 20.000 1929 507,786 691,965 an 1RQ 1928 $ 610,011 794,055 22.853 » 216,897 23.742 £3,155 64.175 1,325 @ _948R RAKE Gross Revenue ........cc...... Operating Expenses _ Taxes _____ Operating Deficit ...... Non-operating Income ..... = NEt INCOME cooooeoeooeieieeeeeaeeeceneeaeremeemnrmnmmemmasnsns memmasamees 2 0 ME Interest on Funded Debt... mieeneenesennnnanns eens £, 354 Other DedUCtiONS oriieeecccctemcmacsnrmmrmrssssoommmmnsnmnoammsnanasmnasanrse 3372 Deficit for vear........ en. 8 -232.717

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