PUBLIC UTILITIES
:
SEATTLE AND RAINIER VALLEY RY. CO.
GENERAL OFFICE: Seattle, Wash.
HISTORY: Incorporated under laws of Delaware, June 8, 1916, as successor to
the Seattle, Renton & Southern Ry. which was bid in on foreclosure Aug. 16,
1916, by attorney representing bondholders and Common claimants under the
plan of reorganization.
BUSINESS: Operates electric railway from Seattle to Renton, Wash., a distance
of 25 miles, carrying passengers, freight and express. Company operates under
a franchise from the city of Seattle, which expires Dec. 31, 1934.
Serves a population of about 50.000. Rates are 10 cents, 8 1-3 cents token
and 21% cents for school pupils. Power furnished by Seattle municipal plant.
PROPERTY: Owns equivalent of approximately 25 miles of single track, stand-
ard gauge rails, 56, 60 and 70-1b. T and girder. Trackage is made up as follows:
13.8 miles of main track, 7.2 miles of second main, 3.9 miles of spurs and sidings,
a total of 24.9 miles. Owns 27 passenger cars, 14 freight cars, 1 locomotive, 3
work cars, 2 busses, 1 truck.
OFFICERS: Marshall E. Sampsell, Pres.; Walter M. Brown, Vice Pres. and Gen.
Mgr.; P. C. Eichhorn, Treas. and Asst. Sec’'y; L. J. Clark, Sec'y and Asst. Treas.
DIRECTORS: Marshall E., Sampsell, W. J. Latimer, and IL. J. Clark of Chicago.
[ll.; Walter M. Brown, P. C. Eichhorn, Seattle.
Fiseal Year Ends: Dec. 31. Annual Meeting: Januar
Number of Employes: &F
CAPITALIZATION:
1. Preferred Stock ooo,
2. Common Stock ......... . eemneeann
DIVIDENDS: None paid.
COMPARATIVE INCOME STATEMENT. Years Ending Dee. 31
1920
f
Operating Earnings ........
Other Income ...
(928
1 20]
£5
Total Income .._..........
Depreciation and Taxes .....
Net Operating LoSS........ooooooiiimimeeeeeen
Interest Charges ....
Net Loss ...
COMPARATIVE CONSOLIDATED RALANCE SHEET, As of Dee.
ASSETS— 1929
Property Account oe ERR A Se nm rman sme aman amare mssnnenseessessave 3 3 VL 5, 602
Materials and Supplies... 11,531
CRBIL sivsrisesrmsanmmimgessengu greens ammeene eames een esesrrs stm eetoeeeeeeeeeee memes eens 18,447
Accounts Receivable ......................._. TTT R,766
Unadjusted Debits oo... TTT ~ ad
Deferred DebitS............ooooiiiiimmiiins
Discount on BE orien emesnemmenmnrn es mmesmtrm——— eres
Deficit ee
.e8
2,005,709
9,904
15,779
“eT
TOTAL, ASSET
4
EEE
LIABILITIES
Preferred Stock .
Common Stock ....
Funded Debt .._..
Notes Payable ....... . _....._.
Accounts Payable ..._.....
Interest Accrued _.......... oo... o_o...
Other Current Liabilities... °
Reserve for Taxes..... me emeeeeee aaa eamn aman
Deferred Credits ................... een neeeeteeenemeanememmneesesaem om omemnaonn.
Devreciation Reserve
TOTAL LIARILITIES
110,000
250,000
.61,500
£,249
186
788
“0¢
or
1:0.000
280,000
61,500
5.249
10,482
16,873
“n61
£8
, 05
20.090
FUNDED DEBT, As of Nec. 31. 1929
Need LT
Uh 4
X1
$2. 726.748
|
2.
2
First Mortgage Bonds............ f°
General Bonds ...........c...e...... 59
Income Mortgage Bonds........ 6%
3 -
5-10
‘thorized
$600,000
Outstanding
$484,000
$577,500
S400 O00
