20.-Important Changes during the year.

Below state all extensions of road put in operation; all leases taken or surrendered; all consolidations or reorganizations effected; all new mortgages or stock issued, and all other important physical or financial changes, giving details in each instance.

New roads leased and placed under operation:

Southeastern Dakota Railroad, opened for business October 19, 1887.

Duluth and Manitoba Railroad extension, Grand Forks to Boundary Line, opened for business October 7, 1887.

Cokedale Spur, opened for business September 1, 1887.

Northern Pacific, La Moure and Missouri River Railroad, opened for business November 1, 1887.

Helena and Northern Railroad, opened for business November 20, 1887. Drummond and Phillipsburgh Railroad, opened for business November 20, 1887.

Helena, B. Valley and Butte Railroad, opened for business December1, 1887. Missoula and Bitter Root Valley Railroad, opened for business June 1, 1888.

General Third Mortgage:

Made December 1, 1887. Amount authorized, $12,000,000. Amount issued to June 30, 1888, $8,593,000.

During the year $298,000 Pend d'Oreille Division bonds, $30,500 Missouri Division bonds, and $297,581 preferred stock were cancelled with proceeds from land sales.

No new stock issued.

21.-Contracts, Agreements, etc.

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. Steam-boat or steam-ship companies; 7. Telegraph companies; 8. Other contracts.

1. The Northern Pacific Express Company 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 mails carried on different sections of the road.

3. Sleeping-cars are owned by the Northern Pacific Railroad Company and Pullman Palace Car Company jointly; operated by the latter company, and earnings and expenses shared equally by both.

Dining-cars are owned and operated by Northern Pacific Railroad Company.

4. None.

5. With Oregon Railway and Navigation Company for interchange of business at Wallula, W. T.

With Oregon and Washington Territory Railroad Company for interchange of business at Wallula, W. T.

With Puget Sound Shore Railroad Company for interchange of business at Stuck Junction, W. T.

6. With Pacific Coast Steamship Company for interchange of business at Tacoma, W. T.

7. With Western Union Telegraph Company to build two wire lines, Northern Pacific Railroad Company 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, one-third to railroad company and two-thirds to telegraph company. Railroad company pays operators at all offices where the business does not exceed twenty paid messages daily.

Not secured. Can be exchanged for General Third Mortgage bonds.

First Mortgage bonds Missouri Division.

Missouri River

Yellowstone River.

205

First Mortgage bonds Pend d'Oreille Division

Snake River.

Lake Pend d'Oreille.

225