[381] Of which $104,303,894 for stock and the rest for bonds outstanding.
[382] The reorganization plan estimated the capitalization under its provisions at about $20,000 per mile of road owned and controlled; about $10,000 preferred stock per mile owned and controlled; about $25,000 common stock per mile owned and controlled.
[383] The plan is published in full in Chron. 56:874, 1893.
[384] Ry. Rev. 33:388, 1893.
[385] Modified reorganization plan. Chron. 58:385, 1894. Some information concerning traffic conditions in the South in 1894 is to be found in the Eighth Annual Report of the Interstate Commerce Commission, pp. 20–24.
[386] From $140,000,000 5 per cent bonds, $75,000,000 preferred and $160,000,000 common stock to $120,000,000 bonds, $60,000,000 preferred and $125,000,000 common stock. Since, however, some of the poorer properties were cut off and the terms granted to others were made more liberal, the smaller absolute amount of new securities represented a greater relative increase than before.
[387] The actual charges in 1895 were $4,195,000.
[388] “The increase in car trusts is due to the existence of about $1,200,000 of such obligations on the Richmond & Danville system, which, up to the date of the plan of reorganization, had not been entered on the ledger of either the Railway Company or its Receivers, although, as it appears, they were well known.” Modified reorganization plan.
[389] R. R. Gaz. 26:613, 1894.
[390] Statement compiled by the reorganization committee. Chron. 59:515, 1894. The mileage controlled by the Richmond Terminal system on November 30, 1892, had been 9053.3.