. Electric railway review . hester. The complete change sole owner of the stock of the Rhode Island Company, whichcontrols through leases 295 miles of electric railways situatedin Providence and Pawtucket and in adjacent territory inRhode Island, which feed and sujiplement your lines in thatvicinity. The jiurchase of the stock of the Rhode IslandSecurities Company was made with an issue of 4 per cent50-year debentures dated May 1, 1907, to the amount of $19,-911,000, of the Providence Securities Company (controlled byyour company), which in consideration of such ownership guar-anteed said issu
. Electric railway review . hester. The complete change sole owner of the stock of the Rhode Island Company, whichcontrols through leases 295 miles of electric railways situatedin Providence and Pawtucket and in adjacent territory inRhode Island, which feed and sujiplement your lines in thatvicinity. The jiurchase of the stock of the Rhode IslandSecurities Company was made with an issue of 4 per cent50-year debentures dated May 1, 1907, to the amount of $19,-911,000, of the Providence Securities Company (controlled byyour company), which in consideration of such ownership guar-anteed said issue of debentures as to principal and interest. THE BENJAMIN PATENT STEEL TIE. The accompanying illustration shows a steel tie designedfor steam and electric railroads on which the National BrakeCompany of Buffalo, N. Y., which controls the patents onthe design, would be pleased to receive suggestions or criti-cisms. The construction is intended to prevent either longi-tudinal or lateral movement when in the track. The longi-. The Benjamin Patent Steel Tie. from steam to electric traction for all our passenger serviceon this section of our line should be made effective during themonth of October, 1907. Since the last annual meeting 85,120additional shares of the capital stock of your company havebeen issued at $200 a share in exchange for 4 per centdebentures of the Consolidated Railway Comiiany at par. Thisretired $17,042,000 of indebtedness by the creation of addi-tional capital stock of the par value of $8,521,000. Themerger of the New York New Haven & Hartford Railroadwith the Consolidated Railway, on May 31, 1907. furtheradded 300,000 shares of capital stock, making the total issuedcai)ital stock of your company on June 30. 1907, 1,218,781shares, of which 247,977 shares are held in the treasury ofsubordinate companies, the capital stock of which is allowned by your company. The properties of the ConnecticutRailway & Lighting Company, consisting of miles ofurban and in
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectstreetr, bookyear1906
