SAN GABRIEL VALLEY RAPID TRANSIT RAILWAY. Gauge (not stated). Termini, Los Angeles to Monrovia. Proposed length, 15 miles. Capital stock, $250,000. Articles filed January 31, 1889. SANTA CLARA VALLEY BELT RAILROAD COMPANY. Gauge (not stated). Termini, Saratoga to Santa Clara and San José. Capital stock, $500,000. Articles filed February 5, 1889. SAN DIEGO AND EASTERN TERMINAL RAILWAY COMPANY. Gauge (not stated). Termini, San Diego to Del Mar. Proposed length, 20 miles. Capital stock, $500,000. Articles filed February 11, 1889. PETALUMA AND SEBASTOPOL RAILROAD. Standard gauge. Termini, Petaluma to Sebastopol. Capital stock, $400,000. Articles filed March 1, 1889. SAN GABRIEL VALLEY RAPID TRANSIT RAILWAY COMPANY. articles.) Gauge (not stated). (Amended Termini, Los Angeles to San Bernardino. Also from West Alhambra to Summit of the Sierra Madre Mountains. Proposed length, 72 miles. Capital stock, $250,000. Articles filed March 27, 1889. ELK CREEK RAILROAD COMPANY. Narrow gauge. Termini, all in Mendocino County. Proposed length, 32 miles. Capital stock, $500,000. Articles filed March 29, 1889. LOS ANGELES, PASADENA, AND GLENDALE RAILWAY COMPANY. Gauge (not stated). Termini, Los Angeles to Pasadena, and to Glendale and Verdugo Park. Proposed length, 9 miles. Capital stock, $200,000. Articles filed March 30, 1889. DONDO RAILWAY COMPANY. Narrow gauge. Termini, Los Angeles to Redondo Beach. Proposed length, 20 miles. Capital stock, $500,000. Articles filed April 1, 1889. DIEGO AND NORTHEASTERN RAILWAY COMPANY. Standard gauge. Termini, San Diego to Escondido. Proposed length, 40 miles. Capital stock, $1,000,000. Articles filed April 2, 1889. OS ANGELES AND HUENEME RAILROAD COMPANY. Standard gauge. Termini, Los Angeles to Pacific Ocean at or near the Port of Hueneme. Proposed length, 70 miles. Capital stock, $2,000,000. Articles filed April 5, 1889. FRESNO AND PINE RIDGE RAILROAD COMPANY. Gauge (not stated). Termini, City of Fresno to Pine Ridge, in Fresno County. Proposed length, 60 miles. Capital stock, $600,000. Articles filed April 22, 1889. SANTA ANA RAILROAD. Gauge (not stated). Termini, Santa Ana to Pacific Ocean at Newport Beach. Proposed length, 10 miles. Capital stock, $250,000. Articles filed April 23, 1889. LOS ANGELES, SAN DIEGO, AND YUMA RAILWAY COMPANY. Standard gauge. Termini, San Diego to Los Angeles, and from San Diego to Fort Yuma. Proposed length, 320 miles. Capital stock, $5,000,000. Articles filed May 8, 1889. ALAMEDA COUNTY TERMINAL RAILWAY COMPANY. Standard gauge. Termini, San Francisco Bay, near City of Alameda, to Park Place, and intermediate branch to Oakland. Proposed length, 15 miles. Capital stock, $200,000. Articles filed May 24, 1889. SAN FRANCISCO, TAMALPAIS, AND BOLINAS RAILWAY COMPANY. Gauge (not stated). Termini, San Francisco to Sausalito and point at base of Mount Proposed length, 20 miles. Capital stock, $500,000. Articles filed September 6, 1889. HIGHLAND RAILROAD COMPANY. Gauge (not stated). Termini, point in Sierra Madre Mountains near Wilsons Peak, through Pasadena to City of Los Angeles. Proposed length, 20 miles. Capital stock, $100,000. Articles filed October 21, 1889. AMENDMENT. NATIONAL CITY AND OTAY RAILWAY COMPANY. Increase of capital stock, $200,000 to $1,300,000. CONSOLIDATION. SOUTHERN CALIFORNIA RAILWAY COMPANY. Formed by the consolidation of the California Southern Railroad Company, the California Central Railway Company, and the Redondo Beach Railway Company. Capital stock, $16,935,000. Length of road, 606 miles. Agreement filed November 7, 1889. Southern Pacific Company $5,443,300 43 $35,117,241 70 822,696,544 87 $12,420,696 83 Northern Railway Company California Pacific Railroad Company Southern Pacific Railroad Company of California. Atlantic and Pacific Railroad Company. California Central Railway Company___ California Southern Railroad Company 161,909 19 Los Angeles and Pacific Railroad Company.. Visalia Railroad Company.... $13,446,696 99 9,718,446 68 Reported by Southern Pacific Company. Cost of Con Length struction, In Cost of COMPANIES. of Road, cluding Build in State. Fences, Tools, Capital Salaries, etc. Nevada and California Railroad Company. 2,105 45 54,823 01 34,388 88 42.00 736,955 90 50,210 53 None. None. Visalia and Tulare Railroad Company. 37,815 79 25,530 41 12,385 38 11.50 87,263 02 9,616 09 40,000 00 50,000 00 10,000 00 4,351 55 763 50 3,588 05 * No road owned. † No equipment owned. Included in construction. Not reported. Reported by lessee in Nevada. ** Deficiency. CAPITAL STOCK. Reference is respectfully made to Table No. 2, for a financial statement, which is as complete as has been furnished this office by the several corporations doing business in this State. Totals are compared with 1887. The amount of capital stock issued is shown to be $287,208,720; per mile of road this capitalization is $52,730. The amount of capital stock for 1888 shows a decrease of $44,759,850 over 1887, caused from the fact that the Atlantic and Pacific did not report capital stock last year. The total number of stockholders is reported at 787. INDEBTEDNESS. The total indebtedness of reporting corporations, December 31, 1888, was $176,901,336 13. Classified, this indebtedness is as follows: Funded debt.. Total $139,464,110 00 37,437,226 13 $179,901,336 13 As compared with the returns of last year this is a decrease of indebtedness of $36,478,187 49, or deducting the funded debt of the Atlantic and Pacific for 1887 of $33,413,534, which is not reported this year, we get as a result a net decrease of $3,064,653. The property accounts of the several companies show a footing of $379,491,212 47, as against $343,511,948 53 for 1887. This increase is caused by the adding of the capital of the seven new companies. This cost includes grading and masonry, bridging, superstructure, including rails, land, land damages, fences, passenger and freight stations, engine houses, car sheds. machine shops, tools and machinery, interest, engineering, agencies, salaries, and other expenses during construction and equipment of every kind. |
