Total number of stockholders at date of last election-14. Date of last meeting of stockholders for election of directors-June 8, 1891. Give post office address of general office-Duluth, Minn. (See page 7.) Give post office address of operating office-Duluth, Minn. (Page 9.) PROPERTY OPERATED. [FOR ROADS MAKING OPERATING REPORTS.] Name of every Railroad the Operations of which are Included in the Income Account-Page 31. IN GIVING ROADS, OBSERVE THE FOLLOWING CLASSIFICATION AND ORDER: 2. Proprietary companies whose entire capital.stock is owned by this company. 3. Line operated under lease for specified sum. 4. Line operated under contract. or where the rental is contingent upon earnings or other considerations. Line operated under t ackage rights. 5. EXPLANATORY REMARKS. (Page 8.) miles instead of 115.75, as shown in the last report. The corrected survey of the road from Duluth Union Depot to Ely, including branch from Tower Junction to Tower makes the distance 115.60 PROPERTY OPERATED-Continued. (Page 11.) NAME OF ALL COAL, BRIDGE, CANAL, OR OTHER PROPERTIES, THE EARNINGS AND EXPENSES OF WHICH AFFECT THE GENERAL BALANCE SHEET-PAGES 49 AND 51. on account, swamp land grant." The expenses of examining and locating lands under grant from the state of Minnesota appear on the general balance sheet as "disbursements (Page 10.) (Page 18.) EXPLANATORY REMARKS. The authorized issue of this company's 5 per cent. first mortgage bonds is: 1st. For the purpose of paying off and retiring 82,500.000.00 outstanding 6 per cent. first mortgage bonds, and also for the improvement and further equipment of its ralroad from Duluth to Tower, and also for the purchase, construction and improvement of ore and merchandise docks and terminal facilities. I... 2d. An additional amount per mile for every mile of single track, extension and branches thereafter acquired or constructed, per mile 3d. Au additional amount for every mile for additional equipment, not exceeding cost.. 4th. An additional amount for every mile of double main track. Bonds issued include $167,000 held as cash assets in company's treasury. CURRENT LIABILITIES ACCRURD TO AND INCLUDING JUNE 30, 1891. Due from solvent companies and individuals. 159,477.91 Matured interest coupons unpaid (including coupons due Other cash assets, (including "materials and supplies")*. July 1)....... 167,000.00 Miscellaneous, taxes. Accrued interest on floating debt. Total. $358,026.09 Balance-cash assets. Total.. *Materials and supplies on hand, 869,148.23. |