REPORT OF THE Minnesota, St. Croix & Wisconsin 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 articles of consolidation, June 28, 1884. Is the charter a special act of the legislature, or was the company incorporated under the general laws of the state? The Minnesota, St. Croix & Wisconsin Railroad Company is a corporation existing by virtue of the laws of Minnesota and Wisconsin, being a consolidation of the St. Paul and St. Croix Railroad Company, a corporation organized under the general laws of the State of Minnesota, with the St. Croix & Chippewa Falls Railroad Company, a corporation organized under the general laws of the State of Wisconsin. 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 change in the mileage operated by the Minnesota, St. Croix & Wisconsin Railroad except that by a traffic contract executed Nov. 15, 1887, between the St. Paul & Northern Pacific Railroad Company and the Northern Pacific Railroad Company and the St. Paul & St. Croix Falls Railroad Company, the right to run trains from a junction with the St. Paul & Northern Pacific to a junction with the St. Paul, Minneapolis & Manitoba Railway in the city of St. Paul, about 1.39 miles. The St. Paul & St. Croix Falls Railroad was purchased by the Minnesota, St. Croix & Wisconsin Railroad Company, as per instrument dated May 28. 1888. Vol. V-52. ROADS BELONGING TO OTHER COMPANIES OPERATED BY THIS COMPANY UNDER LEASE OR CONTRACT. Jan. 1, 1885. Aug. 26, '89. Not rec'ded $1,250 per month proportion of maintenance, and 6% added on betterments. July 26, '86. July 1, '91.. Not rec'ded $5,000 per month and sundry maintenance charges. Total length of above roads........... Total length of above roads in Minnesota.... Total length of above roads in other states and territories (specifyeach). Wisconsin; Chicago, St. Paul, Minneapolis & Omaha Railway..... 16.57 16.39 .18 Total miles of road operated by this company.. Total miles of road operated by this company in Minnesota....... Same in Minnesota....... 2.58 None. 4 ft. 8 in. 131.03 40.30 26 21 7 Miles of telegraph on line of road operated by this company.. 117.52 None. Number of telegraph offices in company stations........ 15 16 15 What if any of these lines do business for the general public; give the earnings of such? Western Union takes all earnings. BUSINESS ADDRESS OF THE COMPANY. Milwaukee, Wisconsin. The Minnesota, St. Croix & Wisconsin Railroad Company was incorporated June 30, 1884, and formed by consolidation of the companies whose names and dates of incorporation are shown as follows: St. Paul & St. Croix Falls Railroad Company, April 15, 1884; St. Croix & Chippewa Falls Railroad Company, March 15, 1884. DESCRIPTION OF ROAD. Date when the road or portions thereof were opened for public use: CAPITAL STOCK, DEBTS, ETC. Capital stock authorized............................................... $2,080,000 00 COMMON STOCK ISSUED. Stock subscribed by individuals and other corporations in cash... Stock issued for construction account on extension lines......... Total common stock...... Amount of preferred stock........ Rate of preference and for what issued. Six per cent. Cumula tive dividends before common stock takes anything; all stock issued in lieu of the stock of the constructed corporations. Proportion of stock for Minnesota. Preferred............ $288,000 Common........... 192,000 None. $832,000 00 $832,000 00 1,248,000 00 480,000 00 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? The stock was issusd as above stated. If any stock has been issued since the original, state the date or dates when the same was issued, to whom issued, in what manner the same was paid for, and the cash value realized by the company for the same. No stock issued since last report. 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 May 1, 1915, rate of interest 6 per cent. ...... $2,600,000 00 Income bonds, due May 1, 1915, rate of interest 5 per cent....... Terminal mortgage notes, due Dec. 29, 1894, rate of interest 8 per cent...... 728,000 00 400,000 00 Improvement purchase money, due Sept. 1, 1906, rate of interest 8 per cent............ 215,000 00 Minnesota Transfer purchase notes, due Aug. 1, 1891, rate of interest 8 per cent.......... 70,000 00 First mortgage bonds, Chippewa Falls & Western Railroad.. 150,000 00 90,000 00 Total bonded debt....... $4,253,000 00 FLOATING DEBT. Amount of debt not secured by mortgage.. $1,246,649 97 Proportion of debt, bonded and floating, for Minnesota... COST AND VALUE OF ROAD AND EQUIPMENT. The road was originally built and equipped by contractors who received therefor the securities of the corporations now consolidated into the Minneapolis, St. Croix & Western Railway Company. Engineering expenses... Interest and discount charged to construction.. Purchase of constructed road, Cedar Falls & Wisconsin Rail way and St. Paul & St. Croix Falls Railway... Amount refunded.by contractors on account of road not hav-| ing been completed as contemplated on account of change of plans after contract was made Total cost of road............ EQUIPMENT. New extension fore ends on locomotives.. Freight and other cars.... Dining car equipment sold.. Total cost of equipment.. Grand total cost of road and equipment.... Additions or 30, 1888. $1,654.42 77.46 4,733.26 14,007.55 212, 635.78 1,081.65 8,160.35 169.58 37,071.00 528, 491.68 55,000.00 $753, 082.73 483.51 2,081.56 51.67 Wooden trestles, 18. Aggregate length, 1,262.4 feet. BRIDGES IN MINNESOTA EXCLUSIVE OF TRESTLES. None. Give the average number of years the trestle and pile bridges last on your road in Minnesota. Five years. Give the avernge number of years that wooden truss bridges last on your road in Minnesota. No trusses. |