Report of the board of directors to the stockholders

(New York :  [s.n.],  1913-)

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  1913: Page 4  



Annual Report

the constituent companies during the years they were under lease, funded obligations of
the several companies outstanding at the time of the merger or consolidation and the
convertible value of such capital stock as was not owned by the company, as shown in
the following statement:

Capital stock purchased at a cost of                         $15,433,848 30

Bonds purchased at a cost of                                         1,456,000 00

Cash advanced for construction purposes                     7,955,900 41

Funded debt obligations assumed                               27,011,000 00

Outstanding stocks at convertible value                       2,851,766 00

$54,708,514 71
Less Assets and liabilities assumed or cancelled and
capital stocks acquired by The New York
Central and Hudson River Railroad Company
without cost                                                               400,821 16
 

$54,307,693 55

The following statement of the railroad property acquired by the merger of March
7, 1913, and by consolidation on A\)Y\\ 16, 1913, shows the miles of road, the cost to each
original company and the cost to The New York Central and Hudson River Railroad
Company:

Buffalo Erie Basin Railroad
Carthage & Adirondack Railway
Gouverneur & Oswegatchie Railroad
Mohawk & Malone Railway
New York & Ottawa Railway
New York & Putnam Railroad

Mahopac Falls Railroad
New York Central Niagara River Railroad
Spuyten Duyvil & Port ]\Iorris Railroad
Tivoli Hollow Railroad
Tonawanda Island Bridge

Total for merged roads

Rome Watertown & Ogdensburg Railroad

Utica & Black River Railroad

Oswego & Rome Railroad

Carthage Watertown & Sackets Har})or Railroad

Niagara Falls Branch Railroad

Little Falls & Dolgeville Railroad

Total for consolidated roads

Grand total

The capital stock of the various companies and the mortgage bonds of the New York
& Ottawa Railway Company were cancelled by the agreements of merger or consolidation,
so that the capital stock of The New York Central and Hudson River Railroad Company
 


 

Cost of road to
 

Cost to the
 

Miles
 

original couipanv
 

NYC&IIERRCo
 

■25
 

$13,503 19
 

$100  00
 

45-86
 

1,610,058 59
 

1,168.918 01
 

1307
 

676,321 52
 

326,331 52
 

182-18
 

11,541,632 36
 

7,041,732 36
 

69-27
 

2,794,318 35
 

1,545,318 35
 

56-83
2-05
 

12,467,327 82)
100,112 50 J
 

.     5,929,427 82
 

2-81
 

28,100 00
 

28,100 00
 

5-31
 

3,961,242 98
 

5,232,242 98
 

1-24
 

35,991 98
 

15,956 40
 


 

56,965 13
 

7,065 13
 

378-87
 

$33,285,574 42
$21,684,683 11
 

$21,295,192 57
 

414-88
 

$26,615,382 98
 

1.50-16
 

5,037,377 91
 

4,604,555 51
 

26-62
 

998,875 30
 

786,785 30
 

d   28-96
 

804,131 01
 

597,615 09
 

8-58
 

257,719 98
 

25,474 38
 

1008
 

539,430 56
 

382,687 72
 

639-28
 

$29,322,217 87
$62,607,792 29
 

$33,012,500 98
 

1018-15
 

854,307,693 55
  1913: Page 4