(Page 45.) OPERATING EXPENSES-Continued. APPORTIONMENT BETWEEN PASSENGER AND FREIGHT TRAFFIC IS ESTIMATED ACCORDING TO THE RULE PRESCRIBED BY THE INTERSTATE COMMERCE COMMISSION. Accrued interest on funded debt not yet payable. 60,466.66 89,448.79 21,769.34 788,566.40 Sinking fund for redemption of T. F. & L. S. R. R. bonds. 95,111.79 Cash receipts for T. F. & L. S. R. R. land stumpage. 27,495.05 $5,663.00 5,725.71 Land and stumpage income expended prior to July 1st, 1888, on improve ments, construction and equipment.... 788,566.40 ... 192,848.56 22,457.38 $15.388,482.93 Land and stumpage income... 250,239.84 57,391.28 Profit and loss-railroad. 166,307.79 143,850.41 (Page 51.) (Page 53). 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). The St. Paul & Duluth Railroad Company and Northern Pacific Railroad Company jointly sold a portion of ground at Duluth, owned jointly by them, to the Duluth Union Depot Company for $250,000.00 of the capital stock of said Duluth Union Depot Company. The St. Paul & Duluth Railroad Company credited the cost of their road with the sum of $125,000.00, and charged same amount to stocks of other companies owned. See pages 37 and 49. There were in the hands of the clerk of the United States Court 61 shares of preferred stock of the St. Paul & Duluth Railroad Company as collateral security for the sum required to redeem certain obligations of the Lake Superior & Mississippi Railroad Company. By order made June 30, 1891, judge of United States Circuit Court, the 61 shares were surrendered to the railroad company on its depositing $731.41 in money with the clerk of the court. The St. Paul & Duluth Railroad Company cancelled the 61 shares, debiting the account of preferred stock outstanding and reducing the cost of road $6,100.00. (Page 55.) CONTRACTS, AGREEMENTS, ETC., AFFECTING BUSINESS 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. Contract made with Adams Express Company December 1, 1888, for five years. Express Company receives and delivers merchandise at cars, pays forty per cent. of its gross earnings, but not less than $1,875.00 per month, to St. Paul & Duluth Railroad Company. 2. The rate of pay for transporting United States mail is not permanently fixed. The mails are weighed for period fixed by Post Office Department, and upon the result of weighing the rate of compensation is based. Mail is carried twice a day between St. Paul and Duluth and once a day each way on the other lines and branches. The present compensation paid is: 3. We run our own sleepers. Run no parlor or dining cars. Sleeping car double berth between St. Paul and Duluth, $1.50. 4. We have no contract with freight or transportation lines. 5. Lease 99 years from September 1, 1886, to Duluth & Iron Range Railroad Company, of right of way from 5th avenue East to Chester Creek in Duluth, Minn. Rental, 3 per cent. on $15,000.00 valuation. . |