CHICAGO, ST. PAUL & KANSAS CITY RAILWAY COMPANY, AUDITOR'S OFFICE, ST. PAUL, Nov. 3, 1888. E. S. Warner, Esq., Secretary Railroad & Warehouse Commission, St. Paul, Minn. DEAR SIR: I was of the opinion a few days ago that the report of the Chicago, St. Paul & Kansas City Railway would be submitted to you ere this. Upon examination I find that the report is incomplete and not in fit condition to send you; I wish, therefore, you would let me know how much further time we can have, if any, to prepare a new report. If you must have figures at once, I will submit the report that is made up, and although it will not be official, you may be able to get such figures from it as will answer in this extreme case. If new report should be made up, we can not agree to furnish it inside of four weeks. I have had charge of this office only a few days, and consequently can not give any satisfactory explanation as to the delay, and the management was not fully aware of it; under the circumstances, we beg your indulgence this year, with the promise that hereafter there will be no cause for complaint. Yours truly, NOTE: The commission could not wait so long. M. C. HEALION, Vol. V-45. REPORT OF THE Duluth & Iron Range Railroad Company TO THE BOARD OF RAILROAD AND WAREHOUSE COMMISSIONERS OF MINNESOTA, FOR THE YEAR ENDING JUNE 30, 1888. HISTORY OF ORGANIZATION, CONSTRUCTION, LEASING AND CONSOLIDATION OF LINES NOW OPERATED BY YOU, AND STATUTES AUTHORIZING THE SAME. Date of charter, Dec. 21, 1874. Is the charter a special act of the legislature, or was the company incorporated under the general laws of the state? Under general laws. Has any change been made in the mileage of your road in this state during the past year; if so, give a detailed statement showing what changes have been made and how the present mileage is made up? An extension from Tower to Ely, a distance of about twenty-one miles eastwardly, is in process of construction, but was not opened for business up to June 30th. On account of the straightening of loops and curves the mileage of main line, June 30, 1888, is placed at 94 instead of 95 as reported for June 30, 1887. Number of miles steel rail entire line, excluding sidings. Number of miles steel rail in Minnesota............. Total miles of road operated by this company in Minnesota......... 94 942 None. None. 4 ft. 8 in. 94 94 Number of stations on all roads operated by this company..... Miles of telegraph on line of road operated by this company... Number of telegraph offices in company stations.... Number of telegraph stations operated by this company.. Number of telegraph stations operated jointly by railroad and telegraph companies......... What if any of these lines do business for the general public; give the earnings of such........ 77 7 96 96 7 9 None. $4,097 39 Duluth, Minn. BUSINESS ADDRESS OF THE COMPANY. DESCRIPTION OF ROAD. Date when the road or portions thereof were opened for public use: Stock subscribed by individuals and other corporations in cash.. $500,000 00 Total common stock......... $500,000 00 When and to whom was the original stock, owned by the com pany, sold, and what was the cash value realized by the company for the same? To Minnesota Iron Company...... Has any stock been issued during the year? If so, how much and for what $500,000 00 purpose? No. DEBTS, ETC. BONDED DEBT. First mortgage bonds, due Oct. 1, 1937, rate of interest 5 per cent $3,857,000 00 Total bonded debt............ $3,857,000 00 Amount of cash realized from sale of above mentioned bonds. Income certificates..... 3,500,000 00 FLOATING DEBT. Amount of debt not secured by mortgage. None, not covered by quick assets for its payment. Proportion of debt, bonded and floating, for Minnesota...... Total amount of paid up stock, debt and certificates......... $3,857,000 00 7,857,000 00 67,879 05 Same. COST AND VALUE OF ROAD AND EQUIPMENT. Cost of right of way, entire line.......... Cost of right of way in Minnesota...... Cost of construction, entire line....... Total cost of construction and equipment, entire line.......... COST OF ROAD AND EQUIPMENT. Improvements of main line from Duluth to Tower, grading, buildings, bridges, shops, machinery, etc. Extension of Ore Docks at Two Harbors....... Expenditures on extension at Ely (unfinished)...... Purchase of constructed road, ore docks and terminals at Duluth, Two Harbors and Tower................... Total....... Locomotives.. $41,083 29 $59,675 30 Same. 7,168,222 18 Same. 603,685 68 $7,831,583 16 67,659 46 Same. Same. $294,517 07 83,675 96 429,096 02 3,459,964 39 $4,267,253 44 12,693 14 Cost of road and equipment to June 30, 1887...................... 3,392,124 25 Total............ $7,831,583 16 The total cost of the road and equipment were made up from what sources? From the company's books. How much derived from sale of mortgage bonds......... $3,857,000 00 How much from other sources and what amount from each? From capital stock............... 500,000 00 3,500,000 00 Less unexpended balance........ $7,857,000 00 25,416 84 $7,831,583 16 |