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STATE OF IOWA,
DES MOINES, June 30, 1885.
1o the President and Directors of the Burlington, Cedar Rapids & Northerre
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 classification 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 respectfullg 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,
L. S. COFFIN,
BURLINGTON, CEDAR RAPIDS & NORTHERN
FOR THE YEAR ENDING JUNE 30, 1885.
Amount authorized by articles of association, .$ 10,000,000.00
amount paid in....
None. Cedar Rapids, Iowa Falls & Northwestern R’y,
authorized by articles of association .. 2,000,000.00 Cedar Rapids, Iowa Falls & Northwestern R’y, by vote of the company
18,000,000.00 No. of shares issued.
.6,050 Iowa City & Western Railway, authorized by articles of incorporation
2,000,000.00 No. of shares issued...
.6,000 Cedar Rapids & Clinton Railway, authorized by articles of incorporation.
2,000,000.00 No stock issued Chicago, Decorah & Minnesota R’y, authorized by articles of incorporation.
2,000,000.00 No stock issued..
Total amount paid in, as per books of the company... $ 6,705,000.00
Amount of stock per mile of road, (874.44 miles) $
Burlington, Cedar Rapids & N.$5,500,000.00
Total amount of floating debt....
or debts of other roads:
bonds, due June, 1927, at seven per ct.
bonds, due June, 1909, at seven per ct.
R’y, first moatgage bonds, due 1920, at
six per cent..
R’y, first mortgage bonds, due October,
1921, at five per cent...
Total amount of debt liabilities. ....
Amount of debt per mile of road..
COST OF ROAD AND EQUIPMENT.
CONSTRUCTION OF ROAD AND BRANCHES.
during construction ..
Total expended for construction.
CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN
INCREASED DURING THE YEAR.
Total for equipment..
Total expenditures charged to property accounts..
Property sold (or reduced in valuation on the books) and
credited property accounts during the year, (specifying
dividends that is not represented by actual increase of
Net addition to property account for the year...
ANALYSIS OF EARNINGS.
From all passengers...
Total earnings, passenger department...
CLASS 1.-MAINTENANCE OF WAY AND BUILDINGS (CHARGED TO OPER
Repairs of road-bed and track..
341,609.61 81,722.59 68,042.55 35,177.33
9,833.95 44,443 28
CLASS 2.-MAINTENANCE OF MOTIVE POWER AND CARS.