Report of the board of directors to the stockholders

(New York :  [s.n.],  1913-)

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  1913: Page 18  



18

■ Annual Report

CONDENSED  GENERAL  BALANCE SHEET,  DECEMBER 31, 1913

ASSETS
Phopehty owned as investment
Physical property owned

Road an<! equipment to June 30, 1907

Road                                                                                         $155,206,678 71

Equipment                                                                                    59,106,588 77   $214,313,267 48

Road and equipment since June 30, 1907

Road                                                             $90,501,459 93

Equipment                                                     19,667,260 82

General expenditures                                          389,935 08

Trust equipment                                            35,299,662 34

Equity in M D T trust equipment                   690,399 44    .1146,5-18,717 61

Less Accrued reserve for depreciation                                                   5,426,933 65      141,121,783 96    $355,435,051 44

Securities owned

Securities of controlled companies, pledged: stock                                                      £110,295,970 00

Securities issued and assumed, pledged: funded debt                                                          600,000 00

Securities of proprietary, affiliated and controlled companies, unpledged:

Stock                                                                                           $30,077,589 47

Funded debt                                                                                   8,357,625 00       38,435,214 47      149,331,184 47
 

Other permanent investments

Advances to affiliated companies

New York & Harlem Railroad Company                                 $20,532,184 38

Grand Central Terminal Improvement                                      40,690,635 01

Hudson River Bridge Company                                                    1,401,925 00                                                        ,

Account Boston & Albany trust equipment                                 2,390,495 96     $65,015,240 35

Physical property                                                                                                                5,232,807 17

Securities                                                                                                                             3,713,892 50        73,961,940 02
 

Total property owned as investment                                                                $578,728,175 i

Working assets

Cash^ _     _.                                       ^                                                                                       $10,078,931 23

Securities issued or assumed, held in Treasury                                                                            601,896 00

Marketable securities

Stock                                                                                                  $25,170,818 81

Funded debt                                                                                          1,666,052 00       26,836,870 81
 

Loans and bills receivable

New York State Realty & Terminal Company                               $18,390,000 00

Michigan Central Railroad Company                                                  2,000,000 00

Terminal Railway of Buffalo                                                                1,500,000 00

Clearfield Bituminous Coal Corporation                                                 675,000 00

Oneida Railway Company                                                                       603,000 00

New Jersey Shore Line Railroad Company                                            560,000 00

New York State Railways                                                                       400,000 00

Merchants Despatch Transportation Company                                     250,000 00

Rutland Railroad Company                                                                    203,000 00

Mutual Terminal Company of Buffalo                                                   188,750 00

Syracuse Rapid Transit Company                                                           175,000 00

Fair Land Realty Company                                                                    150,000 00

Miscellaneous                                                                                             90,553 42       25,185,303 42
 

Net traffic, car mileage and per diem balance                                                                          4,438,816 33

Net balance due from agents and conductors                                                                           3,242,666 53

Miscellaneous accounts receivable                                                                                             7,519,607 76

Materials and supplies                                                                                                              11,724,288 83

Unmatured interest, dividends and rents receivable                                                                3,340,375 88        92,968,756 79

Deferred debit items
Advances

Temporary advances to affiliated companies                                                                       $19,679 16

Working funds                                                                                                                        174,079 79

Other advances

West Shore Railroad Company                                                 $12,926,050 62

Geneva Corning & Southern Railroad Company                         3,292,925 51

Beech Creek Railroad Company                                                   1,509,570 41

Other companies                                                                            1,444,072 27        19,172,618 81
 

Insurance premiums paid in advance                                                                                               7,779 69

Special deposits                                                                                                                           2,947,817 56
Cash in redemption fund                                                                                                                   1,000 00

Cash and securities in insurance and other reserve funds                                                             75,810 03

Items in suspense                                                                                                                       4,499,046 17        26,897,831 21

$698,594,763 93
  1913: Page 18