STATE OF MINNESOTA, OFFICE OF THE RAILROAD AND WAREHOUSE COMMISSION, ST. PAUL, Dec. 1, 1888. To The Honorable Andrew R. McGill, Governor of Minnesota, SIR: In accordance with the requirements of section 18 of "an act to regulate common carriers and creating the railroad and warehouse commission of the State of Minnesota, and defining the duties of such commission in relation to common carriers," we have the honor to submit herewith a report of the doings of the commission for the year prior to Dec. 1, 1888, with such facts, statements and explanations as will disclose the actual workings of the system of railroad transportation in its bearings upon the business and prosperity of the people of the state, and such suggestions in relation thereto as seem appropriate to the commission. Very respectfully, Your obedient servants, HORACE AUSTIN, Commissioners REPORT OF THE RAILROAD AND WAREHOUSE COMMISSION OF THE STATE OF MINNESOTA. RAILROAD CONSTRUCTION. During the year ending June 30, 1888, there have been constructed and put in operation in Minnesota, 176.78 additional miles of railroad, as follows: Chicago, Milwaukee and St. Paul Railway Company: Hopkins to Lake Minnetonka...... St. Paul, Minneapolis & Manitoba Railway Company: Minneapolis, Lyndale & Minnetonka Railway Company. Minneapolis, St. Paul & Sault Ste. Marie: Total The Chicago, Milwaukee & St. Paul Railway Company report a decrease in their mileage caused by straightening their lines of 4.67 miles; and the Duluth & Iron Range Railroad Company report a decreased mileage from same reason of 1 mile, making a total decrease of 5.67 miles; making the actual total increase of mileage in the state for the year, 171.11 miles. The whole number of miles reported in operation in this state, June 30, 1887, was 4,871.04. The number of miles operated June 30, 1888, was 5,042.15. Reports have been received from twenty railway companies, as follows: Burlington, Cedar Rapids & Northern. Chicago, Burlington & Northern. Chicago, Milwaukee & St. Paul. Chicago & Northwestern. Chicago, St. Paul, Minneapolis & Omaha. Chicago, St. Paul & Kansas City (formerly Minnesota & Northwestern.) Duluth & Iron Range. Little Falls & Dakota. Minneapolis Eastern. Minneapolis & St. Louis. Minneapolis, St. Paul & Sault Ste. Marie (formerly Minneapo lis & Pacific and Minneapolis & St. Croix). Minnesota, St. Croix & Wisconsin. Minneapolis, Lyndale & Minnetonka. Northern Pacific, Fergus Falls & Black Hills. Northern Pacific. St. Paul & Duluth. St. Paul, Minneapolis & Manitoba. St. Paul & Northern Pacific. St. Paul Union Depot Co. Wisconsin, Minnesota & Pacific. As noted above, the corporate name of the Minnesota & Northwestern has been changed to Chicago, St. Paul & Kansas City, and the Minneapolis & Pacific and the Minneapolis & St. Croix companies have been consolidated under the name of the Minneapolis, St. Paul & Sault Ste. Marie. CAPITAL STOCK AND DEBT. The capital stock, bonds and debt of all the rail- $206,418,049.86 The amount so reported June 30, 1887, was....... 190,323,032.28 An increase in one year of........ $16,095,017.58 TIBKYKA The average of stock, bonds and debt per mile of the railroads in Minnesota, estimated on a mileage basis, is............... The average for the year previous was reported at..... Showing an increase per mile during the $40,933.70 39,048.98 $1,884.72 The following is a statement showing in detail which companies have increased and which have decreased their stock and debt during the year, and the proportional amount of such increase or decrease for Minnesota: It should be remarked, however, that the stock and debt of the three last mentioned companies in above table were not included in last year's table; the stock and debt of these three companies amounts to $8,939,250.56, making the net increase of stock and debt of the companies included in both reports, $7,055,767.02. GROSS EARNINGS. The total gross earnings for the year ending June 30, 1887, were reported at........ The total gross earnings for year ending June 30, 1888, are...... $26,162,086 66 25,746,561 24 Decrease for the year....... $415,525 42 |