*Proportional. Issued in exchange for lands, stocks of other companies and dividends.

Total. *Proportional.

+Contingent liability as guarantor of bonds and debts of other roads $75,000.00.

1,879,159.43 26,579.34 5,014.74 1,505,340.01 13,440.53

$631,882,256.90 $ 17,218,150.60 $649,100,407.50 $23,688.18 $163,667,909.03 $1,114,697,848.71 8 41.774.42 88,185,935.83

#Per mile of road operated.

1,022,357.61

670,123.01