! COST OF ROAD AND EQUIPMENT. Construction of road and branches. All other items charged to construction, leased lines, and items charged during year.... Total expended for construction.. $ 12,136,260.03 3,958,104.89 $ 16,094,364.92 PROPERTY ACCOUNTS. CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN INCREASED DURING THE YEAR. Land, land damages, and fences. 36,283,58 Passenger and freight stations, coal sheds, and water stations 17,641.96 4,899.12 Machine shops, including machinery and tools. 1,325.43 Purchase of other roads (specifying same), and all particulars: .$ 362,333.33 Cedar Rapids, Iowa Falls & Northwestern 2,814,322.71 Iowa City & Western Railway. 646,680.34 Chicago, Decorah & Minnesota Railway........ 34,498.76 Property sold (or reduced in valuation on the books) and credited property accounts during the year (specifying 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.. Net addition to property account for the year... $ 4,502,619.88 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. Renewal of rails (No. tons laid: steel, 4,079; iron, none). Repairs of bridges, including culverts and cattle-guards 70,346 61 43,564 66 8,514.44 41,033.16 617,779.21 CLASS 2-MAINTENANCE OF MOTIVE POWER AND CARS. Passenger train supplies.. Mileage of passenger cars (debit balance) Freight train service. Mileage of freight cars (debit balance). Telegraph expenses (maintenance and operating).. Damages to property and cattle. Personal injuries... Agents and station service.. Total.. 9,288.22 115,142.36 13,798.85 13,404.15 33,685.91 6,931.41 18,186.96 24,925.39 120,902.04 13,388.17 793,088.43 Contingencies.. Taxes in Iowa, $67,227.27; taxes in other States, $1,325.04; Total taxes. Total... $$ 226,114.23 RECAPITULATION OF EXPENSES. .$2,674.56 .$0.81493 Operating expenses and taxes per mile of road, operated .$0.37263 1,839,803.05 303,942.49 630,035.89 $0.36138 Expenses of running and management of all trains earning Interest paid during the year on account of the road in Iowa. Interest falling due during the year and not paid. Total operating expenses and taxes.. Net income above operating expenses and taxes. Net income above operating expenses, taxes, interest and rental 0.16752 .2.375 Gross income per train mile run (2,559,088 miles)....$1.12686 SURPLUS. 2,883,739.56 1,909,290.72 974,448.84 428,722.51 175,425.62 261,709.54 561,666.28 |