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STATE OF IOWA,
DES MOINES, June 30, 1884.
To the President and Directors of the Burlington, Cedar Rapids & Northern
Railway Company: GENTLEMEN—Blanks for the annual return of your corporation to this Board, as required by Sections 4 and 5, Chapter 77, Laws of the Seventeenth General Assembly, are herewith transmitted.
The value of the returns, not only to the legislature and the public, but to the corporations themselves, depends upon their accuracy and completeness. The Commissioners, would, therefore, again urge upon the managers of the roads that they take special pains to make their returns as perfect as possible, so that they may be more valuable for the purpose of comparison, and that all deductions from them may be reliable.
The Commissioners, in arranging their blanks, have endeavored to modify their questions to meet the distribution of expenses and classifications of accounts as adopted by the convention of State Railroad Commissioners, held at Saratoga, in June, 1879. They publish in this blank the distribution of railroad expenses as adopted by the auditors and accountants of the railway systems of Michigan.
In his preface to the publication, Commissioner Williams says: "For the purpose of securing as nearly as possible uniformity in the charging of expenses to the same general heads of accounts by all the companies doing business in the State,
a meeting of the auditors and accountants of the different railroads was called by the Commissioner of Railroads, at Detroit, on the 19th day of January, 1882, and their deliberations resulted in the adoption of the distribution that follows.
“It is believed to be a comprehensive and logical distribution of railway expenses, and it is desired that it be closely adhered to by all officers and employes having relations with the accounting departments of their respective roads."
This Board would respectfully call attention to the paper referred to, which is published as an appendix to the blanks, and would ask for it a careful examination on the part of those to whom the keeping of railroad accounts are entrusted, feeling assured that if this arrangement is followed, the making of the annual returns to this Board by the several companies will be simplified, and the information furnished by all the companies will be uniform.
Every question asked has been for a specific purpose. In case it cannot be answered, please so state. It is too often the case that the questions are passed by without any effort to understand or answer them.
You are respectfully reminded that the law requires that the annual return shall be made on or before the fifteenth day of September, under a penalty of one hundred dollars a day for each day's neglect. Should you, for any reason, be unable to complete your report by the fifteenth, please send what you have, and let the full report follow.
PETER A. DEY,
JAS. W. McDILL, Attest: E. G. MORGAN, Secretary.
BURLINGTON, CEDAR RAPIDS & NORTHERN
FOR THE YEAR ENDING JUNE 30, 1884.
Amount authorized by articles of association. . $10,000,000.00
amount paid in...
.All. Amount of preferred stock issued, and condi
tions of preferment... Cedar Rapids, Iowa Falls & Northwestern R’y, authorised by articles of association...
2,000,000.00 Cedar Rapids, Iowa Falls & Northwestern R’y, authorized by vote of company.
18,000,000.00 Number of shares issued...
6,005 Iowa City & Western Railway, authorized by articles of association..
2,000,000.00 Number of shares issued.
6,000 Chicago, Clinton & Western Railway, authorized by articles of association*.
2,000,000.00 Chicago, Decorah & Minnesota, authorized by articles of association*.
Total amount paid in, as per books of the company....$ 6,705,000.00
Amount of stock per mile of road...
...$ Amountof stock representing the road in Iowa
Burlington, Cedar Rapids & N.$5,500,000,00
*No stock issued.
Funded debt as follows:
of interest, five per cent..
$ 325,000.00 Bonds Minneapolis & St. Louis R’y, due
June, 1927, at seven per cent interest... 150,000.00 Interest on same.
10,500.00 Bonds Cedar Rapids, Iowa Falls & North
western R’y, due April, 1920, at six per
825,000.00 Interest on same.
49,500.00 Bonds Cedar Rapids, Iowa Falls & North
Western R’y, due April, 1921, rate of in-
1,905,000.00 Interest on same..
95,250.00 Bonds Iowa City & Western R’y, due June,
1909, rate of interest, seven per cent... 584,000.00 Interest on same.
40,880.00 Consolidated bonds, due April, 1934, rate of
interest, five per cent (interest not due
Liability as guarantor..
Total amount of funded debt....
Incurred for vouchers and pay rolls.
Total amount of floating debt.. : $ 372,483,00 $ 372,483.00 Contingent liability as guarantor of bonds or debts of other roads.