Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1876-05-31

Total Tons.oo.,...........,.,...,.... sos
This shows business over the Mineral Point
L. Il. Tor the year 1870, when reduced 10 tons,
Of ......,.........,... O., sos tons.
IL Ia proposed TO deduct The
amount included IN tins estimate
for lumber, lath ana shiGGics and to
make Il separate estimate Of Tho
amount of Income from that class
of freight The amount included for
lumber is............. 49,. 1926
The amount included for latlis
and shingles is ,............ 100
Total deducted for thaso items is. 4,525 "
Leaving q balance of. ............6l,.o S 90
II Is proposed TO deduct also the
amount Included for zine ore, as but
small proportion OF the zluc ores
would pass over our road, and that
only about 10 miles The amount
81 1inc orc deducted is...........1 Is, 100 a.
Leaving a balance Of tonnage. 49,. 1911 4"
careful analysis of the various descriptions
lot freight composing this l5,5ll tons aud an
estimate OF The amount that would b0 received
Tor treiehls for a distance of ~ miles, taking
the height tariff Of the Mil x st. Paul Il. K
Tor a Ike distance, as the basis Of calculation
shows That the amount would he sol ,6ui SO.
Ii Is supposed that the lumber traffic viii be
lbe leading feature Of the business of the road,
ana probably ultimately pig iron and blooms
and iron ore,
In making an estimate of the amount of this
cA,s ot freight, II is necessary to resort very
much 60 conjecture and speculation. lfall the
,lWbrr annually consumed In that vast region
81 country which. as already demonstrated,
could be supplied more eh,aply hy means Of
"ai road Than from Chicago should pass over
our road 100000, 900 feet per annum would
not supply the demand,
Hut Ip pnufins aur asi mats Ia tina pnuS,t,t ~
lion OF That region, which would avail itself OF
the facilities offered by the VI L, Il +. {, Il H.
beyond any question, II is regarded as entirely
sale 10 Tx upon So 900 900 feet per annum as
lhe minimum OF that consumption,
The amount received for treights upon this
amount of lumber Mt $3.50 per thousand feet
would hc Sli2, 300.
No estimate Is now made Of the income to
oe derived nom the iron business, a. it has yet
I" Tee developed hut Il can admit OF no doubt
That TN the near future 1t will be quite large
The income to be derived nom passengers,
m4us, express aud miscellaneous sources, can
only he arrived at approximately, and the bet.
Ter mode IS thought 10 be the analogicAl.
ihc proportion of the receipts from these
services ol all The railroads in the United
>l"ts Is ~ $40 per cent. of total receipts,
he proportion II such receipts of all The
roads IN Wisconsin Is is s. per cent.
he proportion on the Mineral Point Il. X.
~ 40 - per cent, IN view Nt these results. 10
Is asSum. d That of the income Of the NJ. z Il
4. G. Il. Il. the amount derived from irrights
VIII bee SO and from all other services tat lcasD
t-o. 10 apply this proportion to the above
estimates The following result Is reached
inealuc from frrishts except lUlnhcr., a0i 6lt 50
on lumeey,.a...ay.ll2.Noo .oo
Total income from frvightS, ti0i ~
Income from passengers AMI all other
Total income according 10 foregoing
t'titUltA .,..,. ,Sf6s ~, 20
To reduce these estimates % round numbers u
Is believed that tho following calculation Of ia.
come may Dc safely relied on
Income nom all m lghis except lumber s20o ON
income .rum Freight on lumOer ,.,...,, lo3eoN
Total income from fsc.ght. ....,..,,...... Sll0c3
Income truln passengers mats frc'Ats, sc. 6n.pAQ
Total income from all sources ........... S2-l0g0
~ hiCa = eA,SfS. II per mil6 uu q miles.
According % the las; report of TIE Sccrvtsry OF
state. ihe gross earnings Cor lS.l an tie r,tddS
IA the state were s.. So IS per mi.r ta the IVES.
cTn Union. which does less business than.cpvS
would do, they were =, ITO 81 per mile
II contract should he made witch would :
guarantee division OF earnings on the basis
heretofore stated vac result 81 the gross earnings
Il our road should De s,GuuUA would he as ioiloNS
sor the operating Company-A Would be s.i8 eco
FOR Interest on houds ami sinking find - 6. Gao
= thttr. = az 10 per cent ON eSS,on. for
stock dNidends, ~ no
+" surplus ..... .,...-.., ..,..,.. p efl
$3.50 nn