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LOS ANGELES AND PACIFIC RAILWAY COMPANY.
1. Name of common carrier making this report: Los Angeles and Pacific Railway Company.
2. Date of organization: September 6, 1888.
4. Los Angeles Ostrich Farm Railway Company; Los Angeles County Railroad Company; Los Angeles and Pacific Railway Company.
5. Articles of consolidation filed with Secretary of State of California September 11, 1888. Date: September 6, 1888.
Number of stockholders at date of last election : 15.
The Los Angeles and Pacific Railway was under construction from junction near Los Angeles to Santa Monica, eighteen miles, during 1888; completed and in operation February 22, 1889.
The original issue of stock was: Los Angeles Ostrich Farm Railway Company, 485 shares; Los Angeles County Railroad Company, 2,975 shares; Los Angeles and Pacific Railway Company, 750 shares; and under the articles of consolidation 2,975 shares of Los Angeles and Pacific Railway Company were issued, making the total issue of new Los Angeles and Pacific Railway Company stock 7,185 shares.
Amount of interest and discount paid during year upon floating debt and current liabilities: $1,733 54 (exclusive of interest and discount account of construction).
$852 13 4,699 91 285 10 148 56 762 80
87 09 110 00 462 17 69 85 80 00 293 44
Wages of enginemen, firemen, and roundhousemen.
Salaries of officers..
$1,775 00 1,095 00 283 93 707 58 15 00 20 00 82 26 69 90
IMPORTANT CHANGES DURING THE YEAR. On the sixth day of September, 1888, the Ostrich Farm Railway Company, the Los Angeles County Railroad Company, and the Los Angeles and Pacific Railway Company were consolidated under the name of the Los Angeles and Pacific Railway Company, with a capital stock of $2,160,000, for the purpose of further extending the road from the ostrich farm and Burbank to Pasadena and Hueneme, and for the building of a belt line road west and south of Los Angeles.
The line from the ostrich farm to Burbank was put in operation May 31, 1888.
Our business has been so small thus far that it has not justified the expenditure of any money for extra clerical labor in compiling statistics.
FREIGHT TRAFFIC MOVEMENT.—(Company's material excluded.)
(No freight carried.)