C. F. Meek, Superintendent of the St. Louis, Des Moines & Northern Railway Company, being duly sworn, deposes and says that he has caused the foregoing statements to be prepared by the proper officers and agents of this company, and, having carefully examined the same, declares them to be a true, full, and correct statement of the condition and affairs of said company on the thirtieth day of June, A. D. 1886, to the best of his knowledge and belief. Subscribed and sworn to before me, this 18th day of September A. D. 1886. [L. 8.] C. F. MEEK. FOSHAY WALKER, Notary Public. Received and filed in the office of the Commissioners of Railroads, this 18th day of September, A. D. 1886. E. G. MORGAN, Secretary. 50 bonds due June 1, 1901, June 1, 1906; rate of interest 6 per cent........... Amount of interest paid on bonds taken up and canceled $ 1,750.00 May 10, 1886, at a meeting of the stockholders it was resolved to take up the old bonds of the company for $25,000, which bear 7 per cent interest, and execute new bonds for $50,000 at 6 per cent interest. The old bonds have been taken up and canceled and $25,000 of new bonds negotiated, and $25,000 in hands of company. Total amount of funded debt.... Floating debt: Incurred for construction Incurred for equipment.... Total amount of floating debt........... Total amount of debt liabilities.......... 25,000.00 25,000.00 $ 21,031.31 2,244.27 23,275.58 48,275.58 Average cost of equipment per mile of road operated by company (12 miles) Total cost of road and equipment......... Average cost of road and equipment per mile (12 miles) Proportion of cost of road and equipment for Iowa ...... Average cost of road and equipment per mile in Iowa (12 miles) PROPERTY ACCOUNTS. 20,330.05. 81.11 101.50 227.00* 4,391.25 25,080.91 2,090 07 25,090.91 121,026.00 10,085.50 121,026.00 10,085.50 CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN INCREASED Property sold (or reduced in valuation on the books) and credited property accounts during the year (specifying same): Shrinkage figured on cars and motors........ Car No. 3 sold to Sioux City Street Railway Company Car furniture worn out..... Car house at Marion sold at a loss of..... Fair ground line taken up, loss on same.... Total...... Net addition to property account for the year. 20,079.66: 951.65. 21,031.31 4,038.05. 1,138.37 489.80- 1.54 461.06: 6,128.82 27,160.18 3,445.20 1,000.00 138.75 300.65 975.00 1,192.88 7,052.43. 20,107.65 CLASS 1-MAINTENANCE OF WAY AND BUILDINGS (CHARGED TO OPERATING EXPENSES). 3,673.08 RECAPITULATION OF EXPENSES. Maintenance of way and buildings Conducting transportation.... General expenses, including taxes...................... Total operating expenses and taxes...... Operating expenses and taxes per mile of road operated (12 miles).... Proportion of operating expenses and taxes for Iowa........ GENERAL EXHIBIT. 1,629.57 ச 3,754.86 1,190.01 11,064.27 3,545.74 19,554.88 19,554.88 Interest paid during the year on account of the road in Iowa.. 2,932.35 Stock dividend declared and certificates issued of same (11 per cent on $60,000.00.) As there were no partial shares issued, the company received in cash for any difference to make up for full shares. Net income above operating expenses and taxes........................... 16,767.73 Net income above operating expenses, taxes, interest and rental.................. 13,535.38 Percentage of net income to stock and [debt............... 8.39 Percentage of net income to cost of road and equipment....... The entire surplus has been expended in construction and materials. |