. The Commercial and financial chronicle . Co. have been can-celed. The Tol. Consol. St. Hy. 1st mtg. bonds were lis, but when they felldue July 1 1909 they were extended at 6% to Jan. 1 1912. They may becalled on 60 days notice. V. 88, p. 1501. Of the Toledo Railways& Light Comnany mortgage for , 56, arc reservedto retire all of the underlying bonds and SI. 134,000 are reservedfor I nprovementS Thev are subject to call at liil . ami Interest on anyInterest date after 30 days notice. The Tol. Gas, Elec. & H. Co. bondsarc guar, by endorsement by the Tol. Ry. <t Light Co.; $
. The Commercial and financial chronicle . Co. have been can-celed. The Tol. Consol. St. Hy. 1st mtg. bonds were lis, but when they felldue July 1 1909 they were extended at 6% to Jan. 1 1912. They may becalled on 60 days notice. V. 88, p. 1501. Of the Toledo Railways& Light Comnany mortgage for , 56, arc reservedto retire all of the underlying bonds and SI. 134,000 are reservedfor I nprovementS Thev are subject to call at liil . ami Interest on anyInterest date after 30 days notice. The Tol. Gas, Elec. & H. Co. bondsarc guar, by endorsement by the Tol. Ry. <t Light Co.; $448,000 are reservedfor pi lor liens. They are not subject to call. The Tol Gas Lt. & Coke Tol. Heat & Light Co. are guar, principal and Int. by Tol. Rys. & Issue was extended to July 1 1909, then to Jan. 1 1912. Dividends.—The first dividend—1 %—was paid on May 1 1905 and 1 %was again paid Nov. 2 1905. In 1906, 2%. In 1907. May, 1 %; Nov. divi-dend passed. June, 1909. | ELECTRIC RAILWAYS 113. 114 ELECTRIC RAILWAYS [Vol. lxxxviii. REPORT.— Year end. Dec. 31: •1908. 1907. 1906. 1905. Gross earnings $2,542,111 $2,565,200 $2,047,610 $1,913,456 Oper. & taxes. 1,473,380 1,542,333 1,071,773 972,994 Net earnings $1,068,731 $1,022,867 $975,837 $940,462 Fixed charge-. 755,424 708,167 509,607 510,307 Surplus $313,307 $314,700 $466,230 $430,155 * 1907 and 1908 figures include earnings of Tol. Gas, Elec. & Htg. —Operates miles of track. Has 298 cars. Is supplying 1,823 city arc lamps. OFFICERS.—Pres., Albion E. Lang, Toledo; & Gen. Mgr., L. E. Belistein, Toledo; Sec, H. S. Swift, Toledo; Treas., S. D. Carr, Toledo.— —V. 85. p. 795, 1006; V. 86, p. 170, 227, 1226. 1345; V. 87. p. 39, 347, 416; V. 88, p. 54, 376. 449. 507, 1198, 1255, 1374. (1) The Maumee Valley Railways & Light Co.——A consolidation In Dec. 1902 of the Toledo & Mai- mee Valley Ry. and the Toledo Waterville & Southern Ry. Entire sto
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