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a full, true and correct statement of the condition and affairs of said company on the thirtieth day of June, A. D. 1885, to the best of his knowledge and belief. (Signed)

R. LAW, General Superintendent.

Subscribed and sworn to before me this 15th day of September, A. D. 1885. (L. 8.]

HOWARD ELLIOTT,

Notary Públic.

.

Received and filed in the office of the Commissioner of Railroads, this 17th day of September, A. D. 1885.

E. G. MORGAN, Seeretary,

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Amount authorized by articles of association.$ 5,284,656.71
Amount authorized by vote of the company .. 5,284,058.71
Amount issued, number of shares, 52,777 1366;

amount paid in,.
Amount of common stock issued.

.all common stock Stock of Tarkio Valley Railroad.. Stock of Nodaway Valley Railroad

$ 5,284,656.71

259,000.00 234,000.00

Total amount paid in as per books of the company

$ 5,777,656.71

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DEBT.

$ 5,000,000.00

350,000.00

674.51

Funded debt as follows:
First mortgage bonds, due June 1, 1907;

rate of interest, 7 per cent
Amount of interest paid on same during
the year

.$ Income bonds, due June 1, 1907; rate of in

terest, limit, 6 per cent
Amount of interest paid on same during

None.
Old bonds outstanding
Amount of interest paid on same during
the year ...

.None.
First mortgage bonds, due June 1, 1920; in-

terest at 7 per ct.; Tarkio Val. R. R.'Co. First mortgage bonds, due June 1, 1920; in

terest at 7 per C., Nodaw'y Val. R.R. Co.

the year

500.00

386,000.00

348,000.00

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Average cost of construction per mile of road (320 miles)...
Proportion of cost of construction for Iowa...

34,548.77 1,990,009.54

COST OF EQUIPMENT.

$ 1,387,894.35

Total for equipment...
Average cost of equipment per mile of road operated by

company (320 miles)..
Proportion of cost for equipment for Iowa.

Total cost of road and equipment....,

4,337.17 249,820.98

$ 12,443,502.95

$

Average cost of road and equipment per mile (320 miles).
Proportion of cost of road and equipment for Iowa...
Average cost of road and equipment per mile in Iowa (58.3

miles)....

38,885.96 2,239,830.53

38,617.77 PROPERTY ACCOUNTS.

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CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN

INCREASED DURING THE YEAR.

$

Grading and new side tracks.....
Bridging and masonry.
Land, land damages and fences.
Passenger and freight stations, coal sheds and water sta-

tions, etc.....

85,006.21 18,760.72 58,576.35

61,667.43

Total for construction......

$

204,010.71

EQUIPMENT.

No.

3 $

Locomotives...
Passenger
Tools...

Total for equipment..
Total expenditures charged to property accounts

22,624.56 4,648.34

402.70 27,675.60 231,686.31

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From express..

$ From mails...

Total earnings, passenger department...
Earnings per train mile run (573,805 miles) ....
Earnings, freight: From local ...

$
From through...
Total earnings, freight department.
Earnings per train mile run (648,839 miles).
Total transportation earnings..
Earnings per train mile run, from all trains

earning revenue (1,222,644 miles).
Earnings per mile of road operated (320 miles)
Proportion of earnings for Iowa.
Rents received for use of road and miscellan-

eous sources ..

Total earnings from all sources

1.73

1,767,739.28

1.44 5,524.19

205,891.84

79,162.96 $ 1,846,902.24

Proportion of earnings for Iowa ..

$

220,588.16

EXPENSES OF OPERATING THE ROAD FOR THE YEAR,

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

ATING EXPENSES).

221,084.07

Repairs of road-bed and track...
Renewal of rails, less value of old rails, (number tons laid,

steel, 883 930-2240).
Renewal of ties, (number laid, 65,842).
Repairs of bridges, including culverts..
Repairs of fences....
Repairs of buildings and stations,

17,236.45 37,912.57 34,482.87

3,204.49 35,533.82

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Total

$

349,454.27

CLASS 2.-MAINTENANCE OF MOTIVE POWER AND CARS.

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1

69,459.18 12,379.29

2,840.73 118,582.52

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Fuel for locomotives..
Water supply..
Oil and waste
Locomotive service..
Mileage of passenger cars and passenger and freight train

service and supplies..
Mileage of freight cars (debit balance).
Telegraph expenses (maintenance and operating)
Damage and loss of freight and baggage.
Damages to property and cattle..
Personal injuries.
Agents and station service, and station supplies

112,630.55 38,588.79 26,239.56 3,362.86 5,878.90 10,046.40 234,943.30

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Total....

$

634,952.08

CLASS 4.-GENERAL EXPENSES.

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Salaries of general officers and clerks.
Legal expenses.
Insurance
Rents, stationery and printing
Outside agencies and advertising.
Contingencies ..
Taxes in Iowa, $2,504.31; taxes in other States, $33,224.04;

total taxes..

92,377.92 13,381.42 2,366.72 6,310.41 17,406.91 1,410.24

35,728.35

Total......

$

168,981.97

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