Amount of interest paid representing the road in Iowa during the year 223,435.00 COST OF ROAD AND EQUIPMENT. Total expended for construction..... Average cost of construction per mile of road (498,023 miles)...$ 18,644,302.87 37,436.27 15,221,985.88 Average cost of equipment per mile of road operated by company (512.654 miles)... Proportion of cost of equipment for Iowa, mileage basis. 1,511.86 626,085.00 Total cost of road and equipment........ $ 19,419,364.49 Average cost of road and equipment per mile owned (498.023 miles).... Average cost of road and equipment per mile in Iowa owned(409.364 miles). 38,993.00 15,848,070.88 38,713.88 PROPERTY ACCOUNTS. CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN INCREASED Bridging and masonry. Superstructure, including rails. Land, land damages and fences... Passenger and freight stations, coal sheds and water stations............................. Machine shops, including machinery and tools........... Engineering, agencies, salaries and other expenses during construction............. Construction, Illinois division............... Construction, Lyle extension............. Construction, telegraph line on Lyle extension............ Total for construction.... Locomotives-tanks..... Locomotives-air brake equipment...... New snow plows for engines... Total for equipment.. Total expenditures charged to property accounts.. Net addition to property account for the year.. t Earnings per train mile run, from all trains earning revenue (1,284,428 miles)... Earnings per mile of average road operated (503.98 miles)................ 1.028 2,618.40 Earnings from all other sources : Central Iowa Railway Company's proportion of telegraph CLASS 1.-MAINTENANCE OF WAY AND BUILDINGS (CHARGED TO OPERATING EXPENSES.) Repairs and renewal of bridges, including culverts and cattle-guards...... 28,239.24 5,151.61 Repairs and renewal of buildings and machinery and tools therein, stations and water tanks......... 20,544.95 Operating expenses and taxes per average mile of road, oper ated, 503.98 miles Operating expenses and taxes per train mile run, for trains earning revenue, 1,284.428 miles..... 2,053.36 80 57-100 Proportion of operating expenses and taxes for Iowa..... Expenses of running and management of freight trains, per train mile ........ 856,680.13 161,273.44 45 35-100 873,581.30 94 06-100 80 57-100 GENERAL EXHIBIT. Total earnings..... Total expenses, including taxes. Net earnings... Rentals, specifying the amount paid to each company : Minnesota & Northwestern Railroad Company.. Interest accruing during the year.. Interest paid during the year Interest paid during the year on account of the road in Iowa, bonds....... 1,333,513.97 1,034,854.74 303,659.23 7,185.47 544,888.00 254,383.00 223,435.00 Net income above operating expenses and taxes........ Net deficit after operating expenses, taxes, interest and rental... Gross income per train mile run, 1,284,428 miles Net income per train mile run, 1,284,428 miles. 1,338,513.97 1,034,854.74 303,659.23 265,726.34 1.04 2-10 Percentage of net income to stock and debt.. Percentage of net incme to cost of road and equipment 1 53-100 155-100 |