St. Charles Republican intelligencer. (St. Charles [Charles City], Iowa) 1856-1857, 1857-05-07
Milwaukee and Mississippi Railroad.

By favor of E. w. Pelton, Esq, We
are in receipt of the Eighth Annua
Report of the Directors of the Milwau
kee and Mississippi Railroad Compa
n.y." This report gives an exhibit o.
the affairs of the Company to the first
Of January last. The President, John
Catlin, remarks
It is gratifying to the Board to
be able to state, that general success
has attended all the operations of the
Company during the past year that
all it's engagements have been met al
maturity and that, of the large mum
ber of passengers transported over
the road, not one, to their knowle dge
has received the slightest injury.
From the report of the Secretary, i
will be seen that the total amount 0
stock paid in to December 81, 1855. is
$2,S75,Ol9.3s, and that the funded
debt is $3.50, 900.
Total amount of expenditures, inclu
ding the Southern Wisconsin line up
to December 81, 1856, Sc, 6,l52,Ol6.
Amount per contract, to complete
main line from Madison to Prairie du
Chen, Sl46,7l2.
Amount required to complete s. w.
line as per contract, $232,S46.
Amount estimated to complete De.
pot Buildings on main line, $50, 1876
Total estimated cost as per con.
tracts, on the basis of estimating all
the securities at par, So, 5S2,3l0.
This is an average cost per mile in
Guiding side tracks of $24,5S9.
1t is probable that there may be
some additions to the above amount,
which may bring the cost per mile up
to 5000, including all expenditures
for the construction of the road and
equipment which sum is less than
any railroad in the West has cost, and
much below the cost per mile Of rail
roads in the East.
The passenger business for the last
year exceeds that of the previous year
by $l9, ,5O9,6l, which is mainly due to
the extension of the road west of Mad
ison. On the whole, the Board see
nothing in our last years results, to
change, in the slightest degree, the
opinion which they have heretofore
expressed as to the value of the in
vestment but, on the contrary, look
forward as they approach the compile
ton of the road, with increased conf
dence in its results.
An arrangement has been made
with the Prairie du Chen and st. Paul
Packet Company, to furnish the Mil,
waukee and Mississippi Railroad Com
pany with two daily lines of steamers
each way between Prairie du Chen
and st. Paul, to be in readiness at the
opening of navigation in the Spring
Four of these boats are to be new, OF
a large class, great speed, and more
comfortably fitted up for passengers
than any heretofore piled on the Up
per Mississippi. This Company owns
no stock in the steamboats,, but pos
sess control of the line within GER
tain limits, in consideration of the
business and traffic which the Com
pany propose to furnish to the line o
steamboats,.
By this arrangement, and an ar
rangement with the Lake Shore Rail
road from Chicago to Milwaukee, ant
the st. Paul road through GAINESVILLE
the Company can ticket passengers
from Chicago via. Milwaukee and via
GAINESVILLE, to all points upon thei
road, and to all points on the Uppe
Mississippi, and can therefore affor'
greater facilities for the speedy trans
portation of passengers and freight t
and from these points, than can be a
forded by any other route.
! The dividend capacity of this roa