Total. June 30, 1890. 885,983,323.80 LIABILITIES. Total. $85,983,323.80 Capital stock-page 17. 112,219,778.72 112,219.778.72 Funded debt-page 23.. 6,775,081.42 6,775,031,42 Current liabilities-page 23. 563.431.96 563,431.96 Accrued interest on funded debt not yet payable. 178,879.23 178,879.23 Rents accrued. not due.. 326,229.18 326,229.18 Guarantee to branch roads. accrued not due. 370,748.00 370,748.00 Dividends not due.... Deferred payments on land sales, applied to sinking fund (Page 56.) EXPLANATORY REMARKS. General first mortgage bonds were issued at the rate of $25,000 per mile on 2,136 98 miles-$53,424,000, of which $6,481,000 was held in escrow, there being a corresponding amount of Missouri and Pend d' Oreille bonds outstanding at date of general first mortgage, Jan. 1, 1881. When Missouri & Pend d' Oreille Div. bonds are retired with proceeds from land sales, a corresponding amount of first mortgage bonds, held in escrow, are also retired. The entire mileage bonded is 2,136.98 miles, though, according to the terms of the mortgages, the entire property of the company is covered by them. Consolidated mortgage bonds can be issued only as follows. $75,000,000.00 26,000,000 00 For improvements and betterments and enlargement of terminals 20,000,000.00 For additional roads and extensions.. 20,000,000.00 For premiums on bonds exchanged 10,000,000.00 For other purposes, as the board may direct... 9,000,000.00 St. Paul & Northern Pacific Ry. Co. preferred stock (Page 53.) $160,000,000.00 IMPORTANT CHANGES DURING THE YEAR.-STATE OF MIN NESOTA. Here present statements as follows: 1. All extensions of road put in operation 2. Decrease in mileage by line abandoned. or line straightened. 3. All important physical changes (other than those above referred to). 4. All leases taken or surrendered. 5. All consolidations or reorganizations effected. 6. All new stocks issued. 7. All new bonds issued. 8.. All important financial changes (other than those above referred to.) 1. Duluth, Crookston & Northern R. R., Crookston to Carthage, 21.71 miles. Bonds issued-General third mortgage bonds..$ Consolidated mortgage bonds Bonds cancelled-Missouri Div. mtge. bonds.. Bonds retired by sinking fund-gen. 1st mtg. b's. $2,461,000.00 gen. 2d mtg. b's. Dividend certificates cancelled.. Third mtge. bonds retired by issue of consols.. SECURITIES PURCHASED. Northern Pacific preferred stock..... Northern Pacific Express Co. preferred stock.. $741,000.00 Superior Con. Land Co. preferred stock.. 1,400.00 Seattle, Lake Shore & E. Ry. Co. preferred stock. Duluth Union Depot Co. preferred stock... Virginia Land and Townsite Co. preferred stock St. Paul & Northern Pacific Ry. Co. bonds.... Northern Pacific, Yakima & Kitt. Irr. Co. preferred stock.. 11,650.00 50,000.00 13,333.33 200,390.00 $2,401,794.15 (Page 55.) CONTRACTS, ETC., AFFECTING BUSINESS AGREEMENTS, ETC., WITHIN STATE OF MINNESOTA. Here give a concise statement of all existing contracts, agreements, arrangements, etc, with other companies or persons, concerning the transportation of freight or passengers. Give the statement in the following order, viz: 1. Express companies. 2. Mails. 3. Sleeping, parlor or dining car companies. 4. Freight or transportation companies or lines. 5. Other railroad companies. 6. Steamboat or steamship companies. 7. Telegraph companies. 8. Other contracts. 1. The Northern Pacific Express Co. runs over all lines operated by this company, paying one and one-half first class rates, except in a few instances. 2. Have no contracts for transportation of mails. The government pays a specified rate per mile per annum, based on the average weight of mail carried on different sections of the road. 3. Sleeping cars are owned by the Northern Pacific R. R. Co. and Pullman's Palace Car Co. jointly; operated by the latter company, and the earnings and expenses shared equally by both. Dining cars are owned and operated by Northern Pacific R. R. Co. 4, 5 and 6. None. 7. With Western Union Telegraph Co. to build two wire lines, Northern Pacific R. R. Co. to pay one third the expense. Additional wires to be supplied by the company requiring them. Railroad company to keep lines in repair. Telegraph receipts, with the exception of certain offices, are to be divided, to railroad company and to telegraph company. Railroad company pays operators at all offices where the business does not exceed 20 paid messages daily. 8. None. Road, appurtenances and lands Road, appurtenances and lands Entire main line and appurten- Same terms as general first mort- Same terms as general second All property, rights and fran- Not secured. Can be exchanged 1 for third mortgage bonds. Equipment described on page 21. |