Annual Report
DECREASES DURINO THE YEAR
Miles
By change of line and connections and sundry adjustments -87
By abandonment of a portion of the Beech Creek Railroad ■SO
By abandonment of a portion of the Cherry Tree & Dixonville Railroad
over which this company has trackage rights 56 203
Making a net increase of 2083
The capital stock outstanding on December 31, 1913, including the amount of the
convertible value of capital stock of the companies consolidated on April 16, 1913, was
$225,581,066.00 and no change has occurred in this amount during the year.
The mortgage, bonded and secured debt outstanding on December
31, 1913, was 1378,644,052 45
This has been added to as follows:
Refunding and improvement bonds of 1914, bearing
interest at the rate of four and one-half per cent per
annum $40,000,000 00
This company's pro rata liability in connection with
equipment trust certificates of 1913, bearing interest
at the rate of four and one-half per cent per annum 2,600,823 97
This company's liability in connection with B & A
equipment trust certificates of 1912 2,128,000 00
There has been included in this account the amount of
a loan from the New York New Haven and Hartford
Railroad Company in connection with the Grand
Central Terminal Improvement $1,310,000 00
Reduced by annual payments amount¬
ing to 157,200 00 1,1.52,800 00 45,881,623 97
$424,525,676 42
and has been decreased as follows:
Three year gold notes of 1911 paid March 1914 130,000,000 00
Mortgage on real estate in city of Utica paid off 2,500 00
Payments of installments falling due during the year on
this company's pro rata liability in connection with
the certificates issued under equipment trust agree¬
ments, as follows:
Trust of 1907, installment due November, 1914 793,660 12
Trust of 1910, installment due January, 1914 433,964 42
Trust of 1912, installment duo January, 1914 477,116 10
B & A Trust of 1912, installment due October, 1914 500,000 00
Trust of 1913, installment due January, 1914 303,630 59 32,510,871 23
Outstanding as shown on balance sheet of December 31, 1914 $392,014,805 19
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