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$10,771, 441.53
4,516, 277.38
226, 100.00

40, 600.00
5, 396, 777.72

224,828.91
1, 197, 492.68

Cost of road-page 29..........
Cost of equipment- page 29
Stocks owned- page 37......
Bonds owned- page 39 ........
Advances new branches, including A. B. & N.W. R'y.....
Lands owned........

Cash and current assets--page 23 ............
OTER ASSETS-

Materials and supplies... .....
Profit and loss-page

$40, 833, 435.76
4,500, 460.57
226, 100.00

40, 400.00
5, 396, 999.62

241, 400.99
1, 167, 260.83

$15, 816.81

200.00

221.90 16,572.08

20, 231.83

218, 324.18 998, 301.29

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(Page 53.) IMPORTANT CHANGES DURING THE YEAR-STATE OF MINNESOTA.

Hore 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 takon or surrendered. 5. All consolidations or reorganizations effected. 6. All new stocks issued. 7. All new bonds issued. 8. All other important financial changes.

3. None except filling in of a number of bridges.

(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 compauies. 9. Other contracts.

1. Western Express Company. This company is operated in the interest of the Duluth, South Shore & Atlantic Railway and the Minneapolis, St. Paul & Sault Ste. Marie Railway. The net earnings are divided on the gross earnings basis.

2. United States Postoffice Department. Minneapolis to Fairmount, N. D., $103.46 per mile; Minneapolis to Sault Ste. Marie, Mich., $117.14 per mile; St. Paul to Cardigan Junction, $12.75 per mile.

3. Sleepers and diners. This company owns its own sleepers and diners, and operates them jointly with the Canadian Pacific Railway.

7. Telegraph company. This company owns and operates its own telegraph line.

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287.60

$11, 150.90

Minnesota Pacific R’y, first mortgage .....

Minneapolis ...... Boynton, N. D....... Minneapolis, St. Paul & Sault Ste. Marie R'y, first mortgage... Sault Ste. Marie and

branches ...

Portal, N.D ...
Minneapolis, Sault Ste. Marie & Atlantic R’y, first niortgage Minneapolis, Sault Ste. Marie and branches ......

1, 170.21

500.73

14, 405.96 16,535.86

(Page 53.) IMPORTANT CHANGES DURING THE YEAR-STATE OF MINNESOTA.

Hore present statements as follows: 1. All extensions of road put in operation. 2. Decrease in mileage by line abandoned or lino straightened. 3. All other important physical changes. 4. All leases takon or surrendered. 5. All consolidations or reorganizations effected. 6. All new stocks issued. 7. All new bonds issued. 8. All other important financial changes.

3. None except filling in of a number of bridges.

(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. Western Express Company. This company is operated in the interest of the Duluth, South Shore & Atlantic Railway and the Minneapolis, St. Paul & Sault Ste. Marie Railway. The net earnings are divided on the gross earnings basis.

2. United States Postoffice Department. Minneapolis to Fair. mount, N. D., $103.46 per mile; Minneapolis to Sault Ste. Marie, Mich., $117.14 per mile; St. Paul to Cardigan Junction, $12.75 per mile.

3. Sleepers and diners. This company owns its own sleepers and diners, and operates them jointly with the Canadian Pacific Railway.

7. Telegraph company. This company owns and operates its own telegraph line.

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287.60

$11, 150.90

Minnesota Pacific R'y, first mortgage .........

Minneapolis .... Boynton, N. D... Minneapolis, St. Paul & Sault Ste. Marie R'y, first mortgage.. Sault Ste. Marie and

branches .....

Portal, N D
Minneapolis, Sault Ste. Marie & Atlantic R’y, first nortgage Minneapolis, Sault Ste. Marie and branches .....

1, 170.21

500.73

14, 405.96 16, 535.86

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