Report of the Board of Directors of the Erie Railroad Company to the Bond and Share Holders

Report of the Board of Directors of the Erie Railroad Company to the Bond and Share Holders

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ...shown by the Condensed General Balance Sheet, Table No. 4. Statements of charges to "Additions and Betterments" shown herein explain the increases in the accounts " Investment in road and equipment " and " Improvements on leased railway property," except for $1,188,979.99 representing the original cost of the Erie Railroad Lake Line steamers acquired in 1896, which were sold during the year. There is an increase of $878,156.07 in the account " Sinking funds," representing principally increased balance in Pennsylvania Collateral sinking fund. The increase in "Investments in affiliated companies--Stocks" is principally explained by the purchase of the entire capital stock of the Dunmore Iron & Steel Company, and one-half the capital stock of. The Lorain, Ashland & Southern Railroad Company, as referred to under " General Remarks." The increase in "Bonds" is principally accounted for by the acquisition of first and second mortgage bonds of The Lorain, Ashland & Southern Railroad Company, first mortgage bonds of the Corning & Painted Post Street Railway, and consolidated mortgage bonds of the Chicago and Western Indiana Railroad Company. The increase in "Notes" is due to demand note of The Long Dock Company to cover advances made during the year. The decrease in 'Advances" is explained by payments applying on account of advances heretofore made for construction purposes, less a number of minor additional amounts advanced during the year. The increase in "Other investments--Stocks" is due to minor acquisitions during the year. The increase of $176,400 in "Bonds" represents bonds of the Great Lakes Transit Corporation...show more

Product details

  • Paperback | 92 pages
  • 189 x 246 x 5mm | 181g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236946723
  • 9781236946720