(Page 53.) IMPORTANT CHANGES DURING THE YEAR-STATE OF MINNESOTA. Here present statements as follows: 1. All extensions of road put in operation. 2. Decrease in mileage by line abandoned or line straightened. 3. All other important physical changes. 4. All leases taken or surrendered. 5. All consolidations or reorganizations effected. 6. All new stocks issued. 7. All new bonds issued. 8. All other important financial changes. 1. No new extensions of road put in operation during the year. 2. 3. 4. No decrease in mileage by abandonment or change of line. No important physical changes in Minnesota. No leases taken or surrendered. 5. No consolidations or reorganizations effected in Minnesota. 6. The decrease of $145,000 in capital stock is made up as follows: By cancellation of $185,000 of stock of Consolidation Coal Co. New Stock Issued, viz.— C. & N-W. R'y Co. common stock to retire Peninsula bonds... $15,000.00 ..... C. & N-W. R'y Co. preferred stock to retire Peninsula bonds 15,000.00 Wisconsin Northern R'y stock issued... 10,000.00 Total issued....... $40,000.00 Net decrease..... 7. $145,000.00 Fifty thousand dollars of bonds have been issued and $187,000 of bonds retired during the year. Net decrease, $137,000. For other important financial changes, see "explanatory remarks," on pages 28 and 30 of this report. (Page 55.) CONTRACTS, AGREEMENTS, ETC., AFFECTING BUSINESS WITHIN STATE OF MINNESOTA. Here give a concise statement of all existing contracts, agreements, arrangements, etc., with other companies or persons concerning the transportation of freight or passengers. Give the statement in the following order, viz.: 1. Express companies. 2. Mails. 3. Sleeping, parlor or dining car companies. 4. Freight or transportation companies or lines. 5. Other railroad companies. 6. Steamboat or steamship companies. 7. Telegraph companies. 8. Telephone companies. 9. Other contracts. 1. By an agreement with American Express Co. of date April 16, 1894, to be in force until the 1st day of April, 1899, the C. & N-W. R'y Co. agrees to transport the freight of the express company over all lines operated by the railway company, aggregating 5,066 miles, for an annual payment of $550,659.96 (with provision for an extra payment for facilities on special train) for an estimated limited tonnage, and an agreed schedule of rates for exceptional excess of tonnage. 2. The company transports mails over any route on its lines when ordered by the United States postoffice department. The company receives such compensation for its services as is from time to time fixed. 3. Sleeping cars are owned by the Wagner Palace Car Co. and are run on this company's lines. The car company maintains the cars and fixes and collects the charges from passengers for accommodations in same. For the use of the cars the C. & N-W. R'y Co. pays a mileage. It also keeps the outside of the cars cleaned, keeps the journals packed and lubricated, and furnishes links, pins, fuel, lights, etc. Parlor or dining cars are not run on this company's lines in Minnesota. 4. The cars of all transportation companies are allowed to run over this company's lines, paying the regular rates and receiving mileage, and their freight having no preference over other freight of like class. 5. With C. St. P. M. & O. R'y Co. providing for joint running arrangements between Chicago and St. Paul and division of earnings upon a pro rata per mile. With D. R. W. & S. R'y Co., by which that company acquires the joint use with the C. & N-W. R'y Co. of certain tracks and buildings in the village of Zumbrota, Minn. 6. This company has no contracts with steamboat or steamship companies. 7. By contract with the Western Union Telegraph Co. all lines of road operated by this company are afforded telegraph facilities. This company having certain wires or rights to their use for the business of the railway company. Commercial business being done by the telegraph company. SECURITY FOR FUNDED DEBT-PAGE 23. Milwaukee & Madison R'y, first mortgage. Chicago & Tomah R. R., first mortgage. Chicago, Milwaukee & North-Western R'y, first mortgage.. Menominee River R. R., first mortgage.. Minnesota Valley R'y, first mortgage. Ottumwa, Cedar Falls & St. Paul R'y, first mortgage. C. R. & M. R. R. R., mortgage of 1881. Northern Illinois R'y, first mortgage.. Madison Extension, first mortgage sinking fund. Menominee Extension, first mortgage sinking fund. |