REPORT OF THE SIOUX CITY & PACIFIC RAILROAD COMPANY. FOR THE YEAR ENDING JUNE 30, 1885. CAPITAL STOCK. Amount authorized by articles of association.$ 6,000,000.00 amount paid in Amount of common stock issued. Amount of preferred stock issued, and condi- Interest 7 per cent per annum payable 2,068,400.00 $ 2,068,400.00 1,899,400.00 169,000.00 Total amount paid in, as per books of the company... $ 2,068.400.00 Amount of stock per mile of road.. 19,255.26 Amount of stock representing the road in Iowa, 1,530,700.00 Amount of stock held in Iowa. 3,900.00 Total cost of road and equipment... Average cost of road and equipment per mile (107.42 miles).. $ 5,497,917.80 51,181.51 4,118,576.11 51,181.51 PROPERTY ACCOUNTS. CHARGES AND CREDITS BY WHICH THE CAPITAL AND DEBT HAVE BEEN INCREASED DURING THE YEAR. Land, land damages and fences. Passenger and freight stations, coal sheds, and water stations Side tracks. All other items charged to construction. Total for construction..... Total expenditures charged to property accounts. Property sold (or reduced in valuation on the books) and and credited property accounts during the year (specify ing same). Lands sold... Machinery and tools.. 7,148.67 Rolling stock sold.... 40,000.00 $ 52,526.89 Net addition to property account for the year, credit. 25,998.55 CLASS 1.-MAINTENANCE OF WAY AND BUILDINGS (CHARGED TO OPER ATING EXPENSES). Repairs of road-bed and track, etc... Renewal of rails [No. tons laid, steel, 511 2011-2240). 7,254.37 Renewal of ties [No. laid, 23,193]. 9,850.32 Repairs of bridges, including culverts and cattle-guards. 4,215.42 Repairs of fences, road-crossings and signs.. 1,150.73 Repairs of buildings, stations and water-tanks.. 8,427.24 Total...... $ 72,291.24 CLASS 2.-MAINTENANCE OF MOTIVE POWER AND CARS. Contingencies... Repairs and care of boats.. Taxes in Iowa, $13,992.99; taxes in other States, $10,188.86; $ 17,614.05 3.972.94 3,634.52 1,116.10 1,506.15 3,977.29 3,324.12 24,181.85 59,327.02 3,165.68 1.7195 254.742.39 72,291.24 32,294.28 176,144.97 59,327.02 $ 340,057.51 Interest paid during the year.. 32,746.52 Interest paid during the year on account of the road in Iowa. 24,530.92 Dividends declared (7 per cent) on preferred stock 14,787.49 195,379.20 $ Balance at commencement of the year (debit) 198,940.47 3,130.76 ... 1,588,786.79 1,585,656.03 Net income above operating expenses, taxes, interest, profit and loss and rental.... $ 3,130.76 Gross income per train mile run (197,762 miles)... $ 2.6194 .8998 Percentage of net income to stock and debt.. 2.40 |