|Title||Stock certificate: Hudson & Manhattan Railroad Co. Common Stock Trust Certificate; For 100 shares; unissued. N.d., ca.1913-1918.|
|Object Name||Certificate, Stock|
|Collection||Hoboken Railroad Collection|
|Credit||Museum Collections. Gift of a Friend of the Museum.|
|Scope & Content||
Stock certificate: Hudson & Manhattan Railroad Company. Common Stock Trust Certificate; For 100 shares at $100 each. Unissued. No. 2971. No date, created circa 1913; valid for issue until 1918 (see below and notes.)
Voting trustees: Felix M. Warburg; Charles Francis Adams, 2nd; Albert H. Wiggin.
Excerpt from document in notes helps to date this item: "Felix Warburg, Charles Francis Adams, 2d. and Albert H. Wiggin, as voting trustees under a voting trust agreement (applicable to the preferred and common stock) dated August 21, 1913, and expiring August 21, 1918, have the right to exercise the major part of the voting power."
Engraved central vignette: roundel with head-on view of train car in tunnel flanked by Hudson Terminal and Newark (Park Place).
Printed by: Republic Bank Note Co., Pittsburgh, PA.
Excerpt of text relating to the dates of this certificate as found on page 619: Documents of the Senate of the State of New York, Volume 7, No. 15, Part 2, 1917 (n.b. Hudson & Manhattan Railroad is on pages 619-631 of this document)
ABSTRACTS OF RETURNS OF COMMON CARRIERS 619
HUDSON AND MANHATTAN RAILROAD COMPANY
History.- Incorporated under the general railroad laws of New York and New Jersey, December 6, 1903, as a consolidation of New York and Jersey Railroad Company. Hudson and ManhattanRailroad Company of New York, and Hoboken and Manhattan Railroad Company of New Jersey [the latter company being a consolidation of the Hudson and Manhattan Railway Company (New Jersey) and the Hoboken and Manhattan Railroad Company (New Jersey) The company owns and operates an interurban and street railway, and also the Hudson Terminal buildings located at 30 and 50 Church street. New York City, as well as real estate adjacent thereto.
Respondent controls the Tunnel Advertising Company through ownership of its capital stock. Felix Warburg, Charles Francis Adams, 2d. and Albert H. Wiggin, as voting trustees under a voting trust agreement (applicable to the preferred and common stock) dated August 21, 1913, and expiring August 21, 1918, have the right to exercise the major part of the voting power. Stockholders and Members.- Total voting powers of all members of the company on March 22, 1916, 452,313, each holder of $100 par value of capital stock having one vote. Total number of stockholders, 92, of whom 48, having 399,550 votes, reside in New York State. Total votes cast at the last general meeting, April 12, 1916, 437,274, all of which were cast by A. J. Hemphill, proxy, 5 in behalf of himself, 2,085 in behalf of individual members, and 435,181 in behalf of voting trustees. [The holders of adjustment income bonds have the right, under the voting trust agreement dated August 21, 1913. to approve or nominate one less than a majority of the board of directors to be elected by the voting trustees, in case interest on these bonds at the rate of 5 per cent per annum is not paid in full in any one year.]
Important Changes during the Year.- Work of waterproofing and bonding tunnels was in progress. First lien and refunding 5 per cent bonds to the par value of $327,000, were sold at 80 to reimburse the company's treasury for past expenditures for capital purposes. (Authorization by Public Service Commission, September 17, 1915, Case No. 1973). Thereafter these bonds were repurchased by the company at 80 and accrued interest for property amortization fund and debt discount amortization fund. First lien and refunding mortgage 5 per cent bonds to the par value of $13,400 were purchased out of proceeds of sale of certain easements in the real estate adjacent to the Hudson Terminal Building and retired. Of these bonds. $12,000 par value were purchased at 73; $1,000 at 72) and $400 at 74. A payment of $5,000 was made on a mortgage for $36,000 on 183 Greenwich street. Car purchase installments were discharged as follows: Under agreement No.
1, $02,000: No. 2, $50,000: No. 3, $12,000.
No additional powers or franchises were acquired.
|Year Range from||1913|
|Year Range to||1918|
Hudson & Manhattan Railroad
Business & Commerce