Interest coupons paid during the year, from bonds that matured in previous years. $373, 890.00 369, 300.00 {744,940.00 $1,485, 165.01 $1,488,130.00 $30,000.00 $30, 630.00 $30,630.00 21,600.00 291,689.58 500, 525.00 491,250.00 $4, 756, 555.00 $4,760,235.50 1,485, 165.01 1,488,130.00 30,000.00 30,630.00 1, 303, 881.26 1,305,064.58 a These bonds were assumed by the W. & St. P. R. R. Co. when it acquired the roads named. b These bonds were assumed by the C. & N-W. Ry. Co. when it acquired the roads named. c Issued partly for cash and partly for construction. d Issued partly for cash and partly in lieu of other bonds. e Assumed by the C. & N-W. Ry. Co. when it acquired road. *These bonds were issued in place of first mortgage bonds of roads, the accounts of which are included in this report. †These bonds were issued in place of first mortgage bonds of reads, the accounts of which are not included in this report. **Feb. 1, May 1; Aug. 1, Nov. 1. Income bonds-page 19. 28,000,000.00 $72,622,500.00 Interest coupons paid during the year from bonds that matured in previous years. $4,756, 555.00 955, 765.01 $4,760, 235.50 Total $138, 430,000.00 $131, 522, 500.00 $7,046, 201.27 $7,054, 720.08 (Page 23.) CURRENT ASSETS AND LIABILITIES. Cash and Current Assets Available for Payment of Current Liabilities. Current Liabilities Accrued to and Including June 30, 1896. Audited vouchers and accounts.. Wages and salaries. Net traffic balances due to other companies... Matured interest coupons unpaid (including coupons due July 1)...| Rents due July 1 (Albany bridge). Dividends declared payable July 6, 1896. Miscellaneous. $4,868, 985.58 Total. Materials and supplies on hand, $2, 295, 182.94. (See general balance sheet, page 49.) (Page 25.) RECAPITULATION. A. For Mileage Owned by Road Making this Report (Including Proprietary Companies whose Operations are Embraced in this Report.) B. For Mileage Operated by Road Making this Report (Trackage Rights Excluded), the Operations of which are Included in the Income Account-Page 31. St. Paul Eastern Grand Trunk R'y. Chicago & North-Western R'y Co. and proprietary companies, whose operations are included in income account-page 31......... Grand total. Included in Operating Expenses.-On the old and more complete parts of the road petty expendi tures for construction amounting to less than $250 are charged to operating expenses. No record kept of these amounts. (Page 28.) EXPLANATORY REMARKS. The amount credited "cost of road" on opposite page is made up of surplus or profit heretofore represented in the general balance sheet by the accounts named below, used for construction expenditures and charged "cost of road" and for redeeming bonds issued for construction purposes, and which, representing no avails or resources of the company, was written off to the credit of "cost of road," to-wit: Railroad income account (page 31). Surplus of land grants and town lot companies......... Securities for capital stock issued... Total............ $6,941,786.26 579,076.38 1,298,000.00 2,334, 267.09 $11, 153, 129.78 (For Roads Making Operating Reports.) Gross earnings from operation-page 35......................................................................................................... Income from operation.......... Dividends on stocks owned-page 37. Miscellaneous income (less expenses)-page 41.. Income from other sources........ Total income.. DEDUCTIONS FROM INCOME Interest on funded debt accrued-page 23 Rents paid for lease of road-page 47, A.... Taxes. Other deductions (sinking funds and St. P. E. G. T. R'y, interest guaranteed). Total deductions from income......... Net income.... Dividends, 5 per cent, common stock-page 17 Dividends, 7 per cent, preferred stock-page 17.. Total............. Surplus from operations of year ending June 30, 1896.. Surplus on June 30, 1895 (from general balance sheet, 1895 report).... Additions for year.. Deductions for year....... $33, 997, 621.24 20,932, 203.79 Surplus on June 30, 1896 (for entry on general balance sheet, page 51).... $3,078, 716.62 Additions for year. $2,231,294.00 Amount of dividends received on certain stocks owned by company and not properly assignable to the income for the year covered by this report, as explained fully on page 36. Deductions for Year, viz. Amount of sundry items heretofore carried in assets representing cost of stocks and bonds of various companies and advances to other companies account of construction, which not being available assets, were written off against surplus (profit and loss) Amount of surplus used in previous years for construction expenditures and charged to "cost of road," which, not being available, was written off to the credit of "cost of road". Total. $1,781, 820.99 6,941,786.26 $8,723,607.25 |