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Poor's Manual: 1893 - Rio Grande Southern

January 08, 2005 05:16PM
My grandfather worked for the Florida East Coast Railway and left me this book when he passed away years ago. Practically every railroad operating in the United States at the time is listed, most of which are now gone of course. If anyone would like I can type another one, but I picked the RGS because it was only 2/3 page.
Rio Grande Southern Railroad Company
Main Line of Road.--Ridgway Juntion to Durango, Colo. - 162.6 miles
Telluride Branch: Vance Junction Colo., to Pandora, Colo., - 9.8 - 172.4 miles.
Sidings, 13.1 m.
Gauge, 3 ft.
Rail (steel), 82.4 miles - 30 lb., 60 miles - 40 lb., 30 miles - 57 lb.
History - Chartered October 30, 1889; road opened as above February 1, 1892.
Rolling Stock - June 30, 1892.
Locomotives, 36.
Cars - Passenger, 19
Baggage, mail, and express, 4
Freight - Box, 453
Platform, 123
Stock, 62
Coal, 345
Caboose, 10
Flangers, 3
Other, 22. Total Cars, 1,041.
Also 2 steam rotary snow-ploughs.
Operations for five months ending June 30, 1892 -
Train Mileage - Passenger, 30,944
Freight, 56,557 Total - 87,501 miles.
Passengers carried - 11,818; carried one mile, 495,929; average mile rate, 7.33 cents.
Tons freight moved - 53,425; moved one mile, 2,736,560; average ton mile rate, 7.08 cents.
Earnings - Passenger, $36,368.15
Freight, $193,801.90
Mail, $3,619.94
Express, $3,080.21
Miscellaneous, $8,024.05 -- total ($1,420.50 per mile), $244,894.25
Operating expenses - Transportation, $57,110.20
Maintenance of equipment, $9,376.75
Maintenance of way, $32,074.06
General, $21,973.46 -- total ($699.15 per mile), $120.534.47
Net earnings - (50.78 per cent), $124,359.78
Payments - Interest on bonds (six months), $42,425.00
Taxes, $4,756.01 -- total, $47,181.01
Balance, surplus $77,178.77
Financial Statement, June 30, 1892
Capitol Stock (authorized, $5,000,000, at the rate of $25,000 per mile, par, $100.), $4,310,000
Funded Debt, (1st mortgage 5 per cent. 50-year $1,000 gold coupon bonds, with provision for registration of principal, due July 1, 1940, interest payable January and July -- authorized, $5,000,000, at the rate of $25,000 per mile)
Outstanding, $4,310,000
Bills Payable, $1,207,750
Current Accounts, &186,685.59
Profit and Loss, $77,178.77 -- total, $10,091,614.36
Contra : Cost of road and equipment, $8,620,000
Betterments, $75,004.35
Stock and bonds owned, $1,277,587.17
Materials and fuel on hand, $49,912.77
Due from individuals and companies, $40,449.22
From Agents and Conductors, $15,066.85
Cash on hand, $13,594 -- total, $10,091,614.36
Annual meeting third Monday in October, at Denver, Colo. Interest and dividends payable at the office of Maitland, Phelps & Co., 24 Exchange Place, New York City.
Directors: (Elected October 17, 1892)
Otto Mears (President), E.T. Jeffery, John L. McNeil, Fred Walsen, J.W. Gilluly, - Denver, Colo.
H.D. Barber (Vice President), Polo, Ill.
Arthur Coppell, New York, N.Y.
One thing I do need clarified is why are consist costs dictated into being carried one mile?
Subject Author Posted

Poor's Manual: 1893 - Rio Grande Southern

John Hillier January 08, 2005 05:16PM

Re: Poor's Manual: 1893 - Rio Grande Southern

PRSL January 08, 2005 07:01PM

Re: Poor's Manual: 1893 - Rio Grande Southern

steve singer January 10, 2005 05:58AM

Re: Poor's Manual: 1893 -Value High

PRSL January 10, 2005 08:14AM

Re: Poor's Manual: 1893 -Value High

John Hillier January 11, 2005 01:39AM



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