FUNDED DEBT. MORTGAGE BONDS, MISCELLANEOUS OBLIGATIONS, AND INCOME BONDS. a. Issued in lieu of Burlingtou, Cedar Rapids & Minnesota Railway bonds and stock at the time of its reorganization. See note, page 16. b. Bonds issued by the Minneapolis & St. Louis Railway, but assured and guaranteed by the Burlington, Cedar Rapids & Northern Railway Co. CASH AND CURRENT ASSETS AVAILABLE FOR PAYMENT OF CURRENT LIABILITIES. Due from solvent companies and individuals. Other cash assets, (excluding "Materials and Supplies,")*... Balance-current liabilities. Total.. *Materials and supplies on hand $184,312.16. +Deduct. CURRENT LIABILITIES ACCRUED TO AND INCLUDING JUNE 30, 1891. $287,483.39 25.491.85 Audited vouchers and accounts. $242,436.07 Wages and salaries. 250,799.10 Matured interest coupons unpaid (including coupons due July 1).. 3,694,67 Page 25.) RECAPITULATION. A. FOR MILEAGE OWNED BY ROAD MAKING THIS REPORT. B. FOR MILEAGE OPERATED BY ROAD MAKING THIS REPORT (TRACKAGE RIGHTS EXCLUDED), THE OPERATIONS OF WHICH ARE INCLUDED IN THE INCOME ACCOUNT-PAGE 31. a. Exclusive of the 12.57 miles leased from the Minneapolis & St. Louis R'y on which no stock was issued by the Burlington, Cedar Rapids & Northern R'y. b. Above mileage included. Grand total cost construction, equipment, etc Total cost construction, equipment, etc.-State of Minnesota $ $ 2,250.00 762.77 7,566.70 2,795.19 322.20 3,907.51 454.00 12,767.80 10,016.50 18,331.57 1,700.78 549.73 515.81 20,069.79 1,619.11 5,032.75 12,852.78 55,899.58 d. 50,615.44. $ 5,146 67 20,295.00 34.807.33 $20,122,906.75 $20,173,522.19 $19,633.21 d. Expenditures account the Trosky (Quary) line; also, in part, the expense of the present leased Davenport, Iowa & Dakota Railway not completed at the time it came under the control of the Burlington, Cedar Rapids & Northern Railway. Other deductions.. Interest on funded debt accrued-page 23..... Taxes.... Permanent improvements-page 29. Total deductions from income. $771,130.00 4,710.67 14,000.00 103,967.83 55,899.58 27,015.45 8976,723.53 Net income.... $160,947.87 Surplus from operations of year ending June 30, 1891.. $160,947.87 Surplus on June 30, 1890, [from "gen'l bal. sheet," 1890 report] 451,077.80 160,947.87 Surplus on June 30, 1891, [for entry on "general balance sheet," page 51].. $612,025.67 Total gross earnings from operation-Minnesota.... $27,450.73 7,210.56 3,429.84 $38,091.13 $110,631.96 $110,631.96 $148,723.09 |