Aggregate length, 6,520 feet. Gauge of track: Three feet. Telegraph. Number of stations on all roads operated by this company in California, 13; number of stations on all roads owned by this company in California, 13. H. C. Whiting, Vice-President of the Sonoma Valley Railroad Company, and J. F. Burgin, Secretary of the said company, being duly sworn, depose and say, that the statements, tables, and answers contained in the foregoing thirty-four sheets have been compiled and prepared by the proper officers of said company, from its books and records, under their direction and supervision; that they, the deponents, have carefully examined the same, and that as now furnished by them to the Board of Railroad Commissioners, they are, in all respects, just, correct, complete, and true, to the best of their knowledge, and, as they verily believe, the same contain a true and full exhibit of the condition and affairs of said company on the thirty-first day of December, 1888. H. C. WHITING. Subscribed and sworn to before me, this thirty-first day of July, 1889. J. F. KINGSWELL, CARSON AND COLORADO RAILROAD COMPANY-(THIRD DIVISION). HISTORY. 1. Name of common carrier making this report: Carson and Colorado Railroad Company (third division). 2. Date of organization: November 21, 1881. 3. State of California. 4. Is not a consolidated company. 7. Carrier operating the road of this company: Carson and Colorado Railroad Company (Nevada incorporation). Last meeting of stockholders for election of Directors: November 17, 1885. Post Office address of general office: Carson City, Nevada; San Francisco, over Bank of California. Post Office address of operating office: Carson City, Nevada. Officers of Carson and Colorado Railroad Company, Lessees of this Line. No dividends earned or paid. 16,200 The above 16,200 shares of capital stock were issued to certain contractors in payment for the construction (and equipment therefor) of 108 miles of railroad, at the rate of $15,000, commencing at a point on State line and extending to a point at or near Keeler, Inyo County, California. Statistics not kept, for the reason that the railroad and equipment of the company have been leased to the Carson and Colorado Railroad Company, which company maintains the property. COST OF ROAD AND EQUIPMENT. Items. Grand total cost construction and equipment..... Total Cost to $3,240,000 00 Unable to furnish this information in detail, as the railroad of the company and its equipment were paid for under contract by an issue of its capital stock at the rate of $15,000 per mile, and by an issue of bonds at same rate. Company's books therefore show cost of road and equipment to be $30,000 per mile. INCOME ACCOUNT. Statistics for this company's line not kept separate from operations of lessee. INCOME ACCOUNT.-(For roads under lease only.) Nothing in excess of cost of maintenance of road and equipment. REVENUE FOR THE YEAR. The railroad and other property (equipment) of this company is leased to and operated by the Carson and Colorado Railroad Company (an incorporation of the State of Nevada), the consideration being that lessee will maintain and preserve the property, pay and discharge at maturity all taxes, duties, and assessments that may be imposed thereon. No net revenue has been received by said lessee, as the earnings have not been sufficient to meet fixed charges (interest on funded debt) and operating expenses of the property. EARNINGS FROM OPERATION. (Reported by lessee.) OPERATING EXPENSES. (Reported by lessee.) D. A. BENDER, Secretary. IMPORTANT CHANGES DURING THE YEAR. Mortgage bearing date July 1, 1888, executed on the property of the company to the Metropolitan Trust Company, of the City of New York, Trustee. Bonds in amount $1,620,000 issued July 1, 1888, under provisions of mortgage above noted. Total number of employés.. EMPLOYÉS AND SALARIES. Class. PASSENGER, FREIGHT, AND TRAIN MILEAGE. Statistics not segregated from those of C. & C. R. R. Co., lessee. Number. 321 FREIGHT TRAFFIC MOVEMENT.-(Company's material excluded.) New ties laid during year, about 20,000 pine for entire line of 300 miles. 107.62 3.75 Alignment. 111.35 576 511 2411 Descending Grades. Telegraph. Number of stations on all roads operated by this company in California, 6. |