. The street railway review . BIRDS EYE VIEW FROM ELLICOTT SQ. gold bonds which are guaranteed principal and interest by the In-ternational Traction Co. Some recent extensions not included in the table bring the totaltrack controlled by the International Traction Co. to over 350miles. The International Traction Co. is exclusively a stock ownership company, and does no operating whatever. Favorable trafficagreements e.\ist among the allied companies, but all of the under-lying companies retain their corporate existence, and as yet therehas been no actual merger or lease of the properties, the a
. The street railway review . BIRDS EYE VIEW FROM ELLICOTT SQ. gold bonds which are guaranteed principal and interest by the In-ternational Traction Co. Some recent extensions not included in the table bring the totaltrack controlled by the International Traction Co. to over 350miles. The International Traction Co. is exclusively a stock ownership company, and does no operating whatever. Favorable trafficagreements e.\ist among the allied companies, but all of the under-lying companies retain their corporate existence, and as yet therehas been no actual merger or lease of the properties, the accountsof each company being kept separate and distinct from all theothers. The following facts concerning the International Traction be of mtcrest: Capital stock, common, $10,000,000; 4 per. MAIN ST., BUFFALO. cent cumulative, preferred, $5,000,000. Funded debt, collateraltrust bonds, authorized, $30,000,000; due 1949, interest 4 per this $30,000,000 authorized issue of collateral bonds, $12,285,000are reserved by the terms of the collateral trust indenture to retireliens of the underlying companies, $5,000,000 are reserved to be usedfor betterments at the rate of $1,000,000 per year, $11,428,000 havebeen issued for the stock and bonds of underlying companies andfor new construction and betterments, and $1,287,000 were held inthe treasury of the company for similar purposes. Messrs. J. & Co. acted as syndicate managers and financial agents inbringing out the International Traction Co. and are still acting inthose capacities. The accompanying table shows the development of the propertiessince 1899 when the International Traction Co. acquired the companys fiscal year ends June 30th, the figures are givenfor 10 months only of each year for th
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Keywords: ., book, bookcentury1800, bookdecade1890, booksubjectstreetrailroads
