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STATE OF IOWA,
OFFICE OF THE BOARD OF RAILROAD COMMISSIONERS,

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,
JAS. W. MCI)ILL, Commissioners.

L. S. COFFIN,
Attest: E. G. MORGAN, Secretary.

REPORT

OF THE

BURLINGTON, CEDAR RAPIDS & NORTHERN

RAILWAY COMPANY,

FOR THE YEAR ENDING JUNE 30, 1885.

CAPITAL STOCK.

1

$ 5,500,000.00

Amount authorized by articles of association, .$ 10,000,000.00
Amount authorized by vote of the company.. 30,000,000.00
Amount issued, number of shares, 55,000;

amount paid in....
Amount of common stock isssued. . $5,500,000
Amount of preferred stock issued, and con-
ditions of preferment..

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..

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605,000.00

600,000.00

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Total amount paid in, as per books of the company... $ 6,705,000.00

7,667.76

Amount of stock per mile of road, (874.44 miles) $
Amount of stock representing the road in Iowa:

Burlington, Cedar Rapids & N.$5,500,000.00
Iowa City & Western.

600,000.00
Cedar Rapids, I. F. & N.-W... 560,300 83
Amount of stock held in Iowa
Total number of stockholders..
Number of stockholders in Iowa..

6,660,300.83

6,000,000.00

467 10

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230,358.62

150,000.00
10,500.00

584,000.00
40,880.00

Total amount of floating debt....
Contingent liability as guarantor of bonds

or debts of other roads:
Minneapolis & St. Louis R’y, first mortgage

bonds, due June, 1927, at seven per ct.
Interest on same.
Iowa City & Western R’y, first mortgage

bonds, due June, 1909, at seven per ct.
Interest on samo.
Cedar Rapids, Iowa Falls & Northwestern

R’y, first moatgage bonds, due 1920, at

six per cent..
Interest on same .
Cedar Rapids, Iowa Falls & Nouthwestern

R’y, first mortgage bonds, due October,

1921, at five per cent...
Interest on same ..
Consolidated bonds, due April, 1934, at five

per cent...
Interest on same

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Total amount of debt liabilities. ....

$ 14,860,358.62

Amount of debt per mile of road..

.$ 15,174.93
Amount of debt representing the road in Iowa
(on mileage basis)...

12,518,406.75
Total amount of stock and debt

21,565,358.62
Amount of stock and debt per mile of road. 22,021.87
Amount of interest paid representing the road
in Iowa...

595,430.89

COST OF ROAD AND EQUIPMENT.

CONSTRUCTION OF ROAD AND BRANCHES.

$ 16,094,364.92

o

Grading
Bridging and masonry
Superstructure, including rails.
Land, land damages, and fences.
Passenger and freight stations, coal sheds and water

stations.
Engine houses, car-sheds and turn-tables
Machine shops, including machinery and tools.
Interest paid during construction, discounts, etc...
Engineering, agencies, salaries and other expenses

during construction ..
All other items charged to construction not enumerated

above.....

3,265,755.97

Total expended for construction.

$ 19,360,120.89

A

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CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN

INCREASED DURING THE YEAR.

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Sidings...
Fences,
Passenger and freight stations, coal sheds and water stations
Machine shops, including machinery and tools..
Third telegraph line.
Purchase of other roads (specifying same), and all particulars:
Chicago, Clinton & Western, now Cedar Rapids &

Clinton Railway..
Cedar Rapids, Iowa Falls & Northwestern Railway
Chicago, Decorah & Minnesota Railway.
Double track extensian...

..None.

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Total for equipment..
Any other expenditures charged to property account....

499,679.49

5,215.49

Total expenditures charged to property accounts..

8,765,435.46

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. .None.

Net addition to property account for the year...

3,765,435.46

ANALYSIS OF EARNINGS.

Earnings, passenger:

From all passengers...
From express and baggage.
From mails.

$ 673,564.60

51,418.77
54,331.43

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Total earnings, passenger department...
Earnings per train mile run (904,372 miles),.... $ 0.86,124
Earnings, freight:
From all freight...

.$ 2,148,119.93
From other sources, freight department... 27,171,17

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CLASS 1.-MAINTENANCE OF WAY AND BUILDINGS (CHARGED TO OPER

ATING EXPENSES).

$

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Repairs of road-bed and track..
Renewal of rails, number tons laid, steel; 1,898 (a).
Renewal of ties, number laid 168,739 (a).
Repairs of bridges, including culverts and cattle-guards,
Repairs of fences, road-crossings and signs
Repairs of buildings, stations and water tanks.

341,609.61 81,722.59 68,042.55 35,177.33

9,833.95 44,443 28

Total ....

580,829.31

CLASS 2.-MAINTENANCE OF MOTIVE POWER AND CARS.

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