Narrow-gauge roads $1,119,200.80 is funded debt, $86,373.42 floating debt. The stock and debt of the roads in Iowa as reported amounts to $273,240,296.94 or $37,738.26 per mile, this does not include the stock and debt of the Des Moines, Osceola & Southern and the Fort Madison & Northwestern roads; both these roads are in the hands of receivers and the Commissioners were compelled to make up these tables without any report from either, after having exhausted all their resources to compel a compliance with the law. per The following table shows the amount of stock and debt of each company as the returns were made to this office. STOCK AND DEBT. Burlington, Cedar Rapids & Northern. Chicago, Burlington & Quincy .. Chicago, Milwaukee & St. Paul Keokuk & Des Moines... STOCK AND DEBT. Chicago, St. Paul, Minneapolis & Omaha. NARROW GAUGE ROADS. Burlington & Northwestern. • St. Louis, Des Moines & Northern mile Stock and debt per mile. 22,021.87 37,087.15 31,775.44 48,810.02 35,977.59 41,161.70 23,660.37 9,878.00 20,830.00 30,718.00 19,493.69 24,665.40 44,159.09 37,457.59 18,300.30 55,757.90 25,383.00 16,923.00 42,307.00 27,420.86 17,990.57 45,411.52 8,411.76 36,766.20 59,531.88 22,955.81 9,039.00 11,750.01 20,789.01 35,778.07 23,852.06 59,630.13 20,991.00 18,748.35 39,739.35 35,039.90 6,173.79 41,211.98 25,042.19 15,985.56| 41,027.76 15,000.00 8,333.33 23,333.33 27,366.00 23,950.55 51,543.54 45,004.50 37,700.41 82,704.91 50,000.00 50,000.00 19,255.26 49,542.84 68,798.10 15,086.66 24,152.78 39,289.44 4,047.20 5,942.09 9.685.18 12,118.81 8,127.28 21,980.20 17,061.09 8,836.89 25,897.98 5,454.54 3,397.94 9,397.94 The following table shows the added mileage and the increase of capital stock during the year for all roads. The increase of mileage in the State of Iowa is 228.92; the increase of mileage on all roads in the systems is 636.06; the increase of stock on all roads reported is $10,187,988.59, or $16,017.32 per mile. *The Chicago & Northwestern Railway has increased its mileage by the purchase of the leased lines in Iowa 544.21 miles, and $14,494,000 of stock belonging to the leaved lines is not reported this year. We presume that it has been absorbed in the capital and debt of this road. INCREASED MILEAGE AND INCREASE AND DECREASE OF INDEBTEDNESS. RAILROADS. Burlington, Cedar Rapids & Northern. Chicago, Burlington & Quincy Des Moines & Ft. Dodge. Stock.. NARROW GAUGE ROADS. Burlington & Northwestern.. St. Louis, Des Moines & Northern. Cedar Rapids & Marion Street Railway.. Total..... MILES. INCREASE. DECREASE. 10,364.80 574,599.97 17,444.00 2,856.66 1,280.14 $ 16,397,350.24 $ 47,493.65 The increased mileage reported is 1,280.14; the increased indebtedness is $16,397,350.24, from which deduct the decreased indebtedness, $47,493.65, and we have a net increase of $16,349,856.59, or $12,771.93 per mile. COMPARATIVE TABLE OF STOCK AND DEBT FOR THE YEARS 1880, 5,430.00 32,100.00 5,597.50 10,021.62 24,314.53 1885. $264,482,954.211$ 345,918,605.27 $ 390,586,766.44|$ 400,699,755.03 228,551,426.04 386,228,328.01 386,228,328.01 440,214,133.65 457,081,163.31 $ 493,034,380.25|$ 732,146,933.28 $ 830,800,900.00 $ 857,780.918.34 Total..... In 1878, $343,849,402.06 represented 8,367 miles of road, which was the entire mileage of the roads reporting to this board; in 1880, $493,034,380.25 represented 12,219.36 miles; in 1882, $732,146,933.28 represented 18,548.69 miles; in 1884, $830,800,900.00 represented 21,154.32 miles; in 1885, $857,780,918.34 represents 21,790.38 miles. This gives an increase of the system of which the Iowa roads are a part from a mileage of 8,367 to 21,790 miles, and of the capital from $343,849,402.06 to $857,780,918.34 in a period of seven years. This simple statement gives a better idea than anything we could say of the growth and development of the States and Territories for which these roads are the carriers. The increased mileage in Iowa is from 4,157 in 1878 to 7,478 in 1885, or an increase of 3,321 miles in seven years. The capital and debt reported for Iowa in 1878 amounted to $153,601,784.47; in 1885, $273,240,296.94, an increase of 3,321 miles in the seven years, and of stock and debt of $120,638,512.47, or of stock and debt of $37,738.26 per mile. COST OF ROADS. The following table represents as near as the Commissioners are able to ascertain, the cost of the roads reporting; this is not given as by any means accurate, but is probably as close an approximation as will ever be made, owing to the various methods by which the present owners acquired these railroad properties. The entire earnings for the roads in Iowa are reported: Passengers, mail and express.. 5,621,112.71 7,585,000.00 150,000.00 18,101,977.73 315,256.80 5,497,917.80 118,195,590.05 $ 9,891,100 13 26,142,837.32 Total earnings for the year ending June 30, 1885......$ 36,123,587.45 Total earnings for the year ending June 30, 1884. 35,735,271.85 Increase over previous year, or for Iowa an increase of 1.07 per cent.. $ 388,315.60 The passenger are 27.6 per cent of the entire earnings. The increase of earnings over the previous year on all lines was $1,121, |
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