$1,200,000.00 $1,200,000.00 2 082,600 00 2.082,600.00 2,082,600.00 6 per ct. 2,823,150.00 1,882.100.00 See p. 53 5 per ct. $6,105,750.00 5,164,700.00 3.282,600.00 $62,988,450.00 $42,047,400.00 830,990,670.07 $28,366,550.00

Mch. 1

$120,000.00 399,870.07 1,882,100.00

$1,200,000.00 8 per ct.

Sept. 15

88,720.00

$7,710.00

2,401,970.07

AUTHORIZED ISSUE. Chicago. St. Paul & Kansas City first mortgage bonds, 820,000.00 per mile of single track, $5,000.00 per mile for terminals in cities of over 8.000 inhabitants, and $8,000.00 per mile additional for double track, total not to exceed $16,000,000.00.

itants or more, and $8,000.00 per mile additional for double track. Minnesota & Northwestern R. R. first mortgage bonds 816,000.00 per mile of single track, $4,000.00 per mile for terminals in cities of 50.000 inhab

Changes in funded debt explained on page 53.

10

Equipment covered.

Remarks.

2,000 box cars, No's 8,002 to 12,000 inclusive. The equipment remains the property of 40 furniture cars, No's 42,150 to 42,228. the Railway Equipment Co. of Minnesota 4 2d class coaches, No's 314 to 317 inc. until payment of the lease warrants, and 1 baggage and express car, No. 19. monthly interest thereon, as collateral se12 first-class coaches, No. 211 to 222 inc. curity. for the payment of which the rail3 mail and express cars, No's 40 to 42 inc. way company has deposited $500,000.00 of its 3 baggage and exp. cars, No's 20 to 22 inc. general mortgage bonds with the equipment

company.

10 years.

STATEMENT OF AMOUNT.-The amount of interest accrued (shown in table $95,599.87.) is rental paid during year for leased equipment, 88,893.15 B. of which was for month of June, 1891, under present lease. The equipment was delivered to the railway company under present lease, on June 1, 1891. Payments on the principal fall due June 1st of each year. (See contract Railway Equipment Co. of Minnesota, page 55.) The "Original amount deferred payments - interest." does not appear on the company's books, but will be paid monthly and charged as "rental of equipment.' The total amount of interest that will accrue to maturity, is $827,062.81, which is to be paid in monthly installments, making 120 payments in all, for interest.

$95,599.87

92,275.60

Amount paid during year. 895,599.87 $95,599.87 $87,065.60

$187,875.47

$182,665.47

Due from agents. Due from solvent companies and individuals.

171,438.81

Wages and salaries.

194,222.07

32,986.92

Net traffic balances due to other companies

40,601.14

Other cash assests (excluding "materials and supplies")*.

60,032.59

stock in treasury to be issued at par on acct. of focal aid, when cash cr equivalent is turned over to the company

Matured interest coupons unpaid (including coupons due] July 1).....

8,525.00

$140,000.00

Rentals due July 1, miscellaneous rentals in voucher acct.

Miscellaneous..

44,268.60

RECAPITULATION.

B. FOR MILEAGE OPERATED BY ROAD MAKING THIS REPORT (TRACKAGE RIGHTS EXCLUDED), THE OPERATIONS OF WHICH ARE INCLUDED IN THE INCOME ACCOUNT-PAGE 31.

(Page 25.)

Right of way.

$11,510.16

$821,086.38

Ties,

Other real estate.

Fences.........

Grading and bridge and culvert masonry.

Bridges and trestles.......

Rails, New track (see page 28).

$832,596.54 66,774.46 306,561.06 1,199,421.34

31,137.77

428,524.49

459,662.26

$1,020.76 81.86 375 84 1,470.48 563.54

3,150,577.23

3,150,577.23

3,862.50