Does anyone know if this company was a direct subsidiary of the S.A.L. and whether it operated any tracks, rolling stock or equipment of any kind? A correspondent sent me a picture of a temporary equipment bond, dated 1922. (Terry Cox, author of Stocks and Bonds of North American Railroads.)

-- Terry Cox (tcox@warp8.com), May 09, 2000

Answers

If it was, it was gone by 1925 and the bonds had been assumed by the Seaboard Air Line Railway. Poor's Manaual for 1925 shows these bonds as par of the SAL debt and notes that the issue was used to pay for equipment for both the railroad (SAL Railway) and its steamboat subsidiary, the Baltimore Steam Packet Company (The Old Bay Line).

Not much help, but all I could find.

Bob Hanson

-- Robert H. Hanson (RHanson669@aol.com), May 10, 2000.