The Commercial and financial chronicle . er Agents, Stone & Webster .^Boston.—V. 87, p. 614. HUDSON, N. Y. ALBANY & HUDSON RAILROAD CO.—Third rail. ORGANIZATION.—Incorporated In New York on March 12 1903. and Issuccessor to the Albany & Hudson Railway & Power Co., sold under fore-closure on Feb. 11 1903, per plan In V. 75, p. 847. Franchises are Interests which control this ro id propose to build a 22-mlle extension from Nassau to the State line, under the title of Troy Albany & ilttsllcldStreet Ry. (V. 86, p. 667) as part of a through route between Albany andPlttsfleUl. Mass. Fu
The Commercial and financial chronicle . er Agents, Stone & Webster .^Boston.—V. 87, p. 614. HUDSON, N. Y. ALBANY & HUDSON RAILROAD CO.—Third rail. ORGANIZATION.—Incorporated In New York on March 12 1903. and Issuccessor to the Albany & Hudson Railway & Power Co., sold under fore-closure on Feb. 11 1903, per plan In V. 75, p. 847. Franchises are Interests which control this ro id propose to build a 22-mlle extension from Nassau to the State line, under the title of Troy Albany & ilttsllcldStreet Ry. (V. 86, p. 667) as part of a through route between Albany andPlttsfleUl. Mass. Funding of Coupons.—In Feb. ions bondholders were requested toexchange coupons due March 1 and Sept. 1 In I0i>8 and 1909 for negotiablecertificates convertible into first mortgage bonds, the bonds to be taken at of 87 U,. so that for each $; of OOUPOnS 8 81,000 bond will bechen. V. 86, p. 667. Up to latest accounts $1,200,000 bonds had acceptedproposition. Sept., ELECTRIC RAILWAYS 51. 52 ELECTRIC RAILWAYS [Vol. lkxxyii. Date. Interest. Outstanding.$750,000 Maturity. STOCK AXD BONDS— ,000 ($100) Pref., 5% cum. after $1,000,000 ($100) / ,000 1st mort., $2,000,000 gold\ 1903 5 f M-S ,000 Mar. 1 1943 ($1,000) c*J Int. at Trust Co. of America. X. Trustee. Bonds.—Interest was 4 % until March 1 1906 but is now 5 %. No sink-ing fund and bonds cannot be called. See V. 75, p. 847. ROAD.—Operated by third-rail system from Hudson via Rennselaer toAlbany. Comprises 37 miles of main line and 9 miles of sidings, with 2additional miles of overhead trolley road to Hudson. Total, 48 miles. InFeb. 1900, made contract giving it privilege to enter Albany over thetracks of the United Traction of Albany. Operates 30 passenger cars and14 freight and express cars, and 3 snow plows. Rails 70 and SO-lb. steel,standard gauge. Supplies light and power along route. EARNINGS.—For fiscal year ending June 30 1908. gross. $345,207; net,$
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