OFFICERS OF THE COMPANY, WITH LOCATION OF OFFICES. Date of annual meeting of stockholders, second Tuesday in June. General offices of the company are located at Minneapolis, Minn. STATE OF MINNESOTA, COUNTY OF HENNEPIN. John S. Pillsbury, president, and L. A. Robinson, auditor of the Minneapolis Eastern Railway Company, being duly sworn, depose and say that they have caused the foregoing statements to be prepared by the proper officers and agents of this company, and having carefully examined the same, declare them to be a true, full and correct statement of the condition and affairs of said company on the thirtieth day of June, A. D. 1888, to the best of their knowledge and belief. Signed, [R. R. SEAL.] J. S. PILLSBURY, President, L. A. ROBINSON, Auditor. Subscribed and sworn to before me, this first day of September, A. D. 1888. [SEAL.] Subscribed and sworn as to L. A. Robinson. [SEAL.] L. P. HUBBARD, Notary Public Hennepin County. GEO. A. HAMILTON, Received and filed in the office of the Commissioners of Railroads, this fifteenth day of September A. D. 1888. E. S. WARNER, Secretary of Board of Railway and Warehouse Commissioners. REPORT OF THE Minneapolis & St. Louis Railway 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, March 3, 1853. Is the charter a special act of the legislature, or was the company incorporated under the general laws of the state? See previous reports. 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? No. ROADS BELONGING TO OTHER COMPANIES OPERATED BY THIS COMPANY UNDER LEASE OR CONTRACT. NAMES, DESCRIPTION AND LENGTH OF EACH. Name of company, St. Paul & Northern Pacific; termini, from St. Paul to Minneapolis; length, 10.5 miles; dates of lease, commencing April 24, 1885, ending April 24, 1984. Total length of above roads........ Total length of above roads in Minnesota...... Number of miles steel rail entire line.... 10.5 10.5 241.1 Total miles of road operated by this company.. Total miles of road operated by this company in Minnesota..... 368.5 224.2 Number of stations on all roads operated by this company.. 84 Number of stations on all roads owned by this company.. 72 Same in Minnesota.......... 50 Miles of telegraph on line of road operated by this company. None. Miles of telegraph owned by this company..... None. Number of telegraph offices in company stations......... 55 55 What if any of these lines do business for the general public; give the earnings of such. No commercial business. BUSINESS ADDRESS OF THE COMPANY. Boston Block, cor. Hennepin avenue and Third street, Minneapolis, Minn. DESCRIPTION OF ROAD. Date when the road or portions thereof were opened for public use: Rate of preference and for what issued. 7 per cent, to pay for construction of road. Proportion of stock for Minnesota...... .$20,000,000 00 $5,769,700 00 $5,769,700 00 4,000,000 00 6,076,566 44 When and to whom was the original stock, owned by the company, sold, and what was the cash value realized by the company for the same? Can not say. Records do not show. Has any stock been issued during the year? If so, how much and for what purpose? None. DEBTS, ETC. BONDED DEBT. First mortgage bonds, due 1918, rate of interest 7 per cent. South west extension....... $636,000 00 First mortgage bonds, due 1907, rate of interest 7 per cent. First mortgage bonds, due 1921, rate of interest 6 per cent. Pa- First mortgage bonds, due 1907, rate of interest 7 per cent. 455,000 00 1,382,000 00 280,000 00 First mortgage bonds, due 1927, rate of interest 7 per cent. Merriam Junction to Albert Lea...... First mortgage bonds, due 1909, rate of interest 7 per cent. Iowa Real estate bonds, due 1901, rate of interest 6 per cent.......... Improvement and equipment bonds, due 1922, rate of interest 6 per cent................... 950,000 00 1,015,000 00 100.000 00 500,000 00 4,000,000 00 Total bonded debt........... $9,318,000 00 FLOATING DEBT. Proportion of debt, bonded and floating, for Minnesota (224.2 Amount of debt not secured by mortgage. Less cash and cash assets......... $431,585 48 368.5) 60.84 per cent....... 5,931,647 80 Total amount of paid up stock and debt 19,519,285 48 Amount of stock and deht per mile of road (368.5 miles)......... 52,942 43 11,875,533 49 COST AND VALUE OF ROAD AND EQUIPMENT. Cost of right of way, entire line. Not kept separate. Cost of construction, entire line. Not kept separate. Not kept separate. Cost of construction in Minnesota. Not kept separate. Cost of present equipment (applying to miles of road.) Not kept separate. Cost of all real estate used exclusively in operating the road. Not kept sep-. arate. ......... Cost of all fixtures and conveniences for business of the road. Not kept separate. Total cost of construction and equipment, entire line...... $18,586,447 21 Average cost of road and equipment per mile (368.5 miles)...... 50,438 12 Total cost of road and equipment in Minnesota (224.2-368.5)..... 11,307,994 48 Average cost of road and equipment per mile in Minnesota (224.2) 50,438 12 Is your construction account closed? No. The value of all other property owned by the corporation. None but what is included in above. The total cost of the road and equipment were made up from what sources? Cost of construction and purchase of lines already built. How much derived from sale of mortgage bonds........... $9,313,000 00 None. How much from other sources and what amount from each? From capital stock......... 9,769,700 00 Additions or betterments during year ending June 30, 1888: Passenger and freight stations....... Shops, machinery and tools. Fuel and water stations....... Road built new side tracks.. Total cost of road.......... Grand total cost of road and equipment.......... $1,419 75 5 50 5,000 00 542 94 19,027 77 $25,995 96 $18,586,447 21 CHARACTERISTICS OF ROAD. BRIDGES AND TRESTLES. Wooden bridges, number of, 234; aggregate length, 21,344 feet. Iron bridges, number of, 9; aggregate length, 666 feet. Give the average number of years the trestle and pile bridges last on your road in Minnesota. Eight years. Give the average number of years that wooden truss bridges last on your road |