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Average cost of equipment per mile of road operated by com

pany (979.27 miles)....

Proportion of cost of equipment for Iowa.....

Total cost of road and equipment..

1,024,726 51

1,411.85

330,359.20 2,037,691.86

1,769.21

3,395,958.63

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23,335.37

19,250,280.12
23,335.37

Average cost of road and equipment per mile (979.27 miles).....$
Proportion of cost of road and equipment for Iowa
Average cost of road and equipment per mile in Iowa......................

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PROPERTY ACCOUNTS.

CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN INCREASED

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Any other expenditures charged to property account-B., C. R. & Minn., old railway claims...

11,308.76

Total expenditures charged to property accounts...

169,272.96

Property sold (or reduced in valuation on the books) and credited property accounts during the year (specifying the same). None.

Amount the capital has been increased by stock or other dividends that is not represented by actual increase of property-dividing surplus, or any other increase. None.

Net addition to property account for the year...

169,272.96

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Earnings per train mile run, from all trains earning revenue

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EXPENSES OF OPERATING THE ROAD FOR THE YEAR.

CLASS 1--MAINTENANCE OF WAY AND BUILDINGS (CHARGED TO OPERATING EXPENSES). Repairs of road-bed and track.....

Renewals of rails...

360,340.41

71,009.16

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Operating expenses and taxes per mile of road operated (990.66 miles)

.$

2,026.10

Operating expenses and taxes per train mile run, for trains earning revenue (2,682,744 miles)....

0.74.818

...

‚Proportion of operating expenses and taxes for Iowa, on earnings basis

1,934,220.75 359,804.39

Expenses of running and management of passenger trains..........
Expenses of running and management of passenger trains, per

train mile.......

Expenses of running and management of freight trains

Expenses of running and management of freight trains, per

train mile.......

Expenses of running and management of all trains earning

0.37.196

783,422.92

0.45.668

1,143,227.31

71.545

revenue

Percentage of expenses to earnings

GENERAL EXHIBIT.

Total earnings

Total expenses, including taxes..

2,945,228.34 2,107,181.37

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INCOME ACCOUNT.

Income from earnings...

Income from stock owned of connecting or other roads. None.
Income from bonds owned of connecting or other roads. None.
Income from stock held of your own road. None.
Income from bonds held of your own road. None.
Income from lands sold or leased during the year
Income from all other sources

Total income from all sources for the year

Proportion of income for Iowa.......

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$ 2,759,345.92

GENERAL RECAPITULATION.

Total income.........

Total operating expenses and taxes....................

Net income above operating expenses and taxes...

Net income above operating expenses, taxes, interest and rental ..................

3,001,116.43 2,107,181.37 893,935.06 134,789.52

Gross income per train mile run (2,682,744 miles)

$

1.11.86

Net income per train mile run (2,682,744 miles), cents

5.02

Percentage of net income to stock and debt ($134,789.52) Percentage of net income to cost of road and equipment, as above, about....

.608

.59

SURPLUS.

Surplus at the commencement of the year.

Surplus at the close of the year

328,601.13 407,502.56

The amount invested in railroad stocks. None.

The amount invested in railroad bonds, the number of bonds andṛthe par

value of each, the name of each road, and the amount invested in the bonds of each. None.

Cash on hand........

New general office, etc......

174,194.58 48,300.17

The amount of its own stock or bonds owned by the company. None.

Amount absorbed in construction. None.

Amount in material and balances from other roads........................

185,007.81

GENERAL BALANCE SHEET, AT THE CLOSING OF ACCOUNTS, JUNE 30, 1886.

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* Length main line of road from Burlington to Albert Lea, miles.....

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Total length of branches owned by this company in Iowa.

172.83

Total length of road belonging to this company................

979.27

Total length of road belonging to this company in Iowa

824.94

Aggregate length of sidings and other tracks not above enumerated

105.14

Same in Iowa.....

94.86

Aggregate length of track, computed as single track, exclusive of sidings,

(operated, 990.66).............

979.27

Same in Iowa (operated, 836.33).

824.94

Total length of steel rails in tracks in Iowa, exclusive of sidings.

643.73

Total length of iron rails in tracks in Iowa, exclusive of sidings..........

181.21

Weights per yard, steel, 52, 56 and 60 pounds.

Weights per yard, iron, 52 and 54 pounds.

Gauge of track, 4 feet 81⁄2 inches.

* The 229.25 miles reported is not the entire length of the main line between Burlington and Albert Lea; to this should be added 11.39 miles leased from the C. I. R'y from Manly Junction to Northwood; also, 12.57 miles leased from the M. & St. L. R'y from State line to Albert Lea. The whole distance from Burlington to Albert Lea, or in other words, the main line has a length of 253.21 miles.

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