Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-14
The st. Paul, Minneapolis C Manitoba.


ba railway, which has just been held in this
city, has been adjourned until the 18th day of
August, after the necessary business of the
company had been transacted. The board OF
directors elected was as follows
George Stephen, Montreal.
Donald A. Smith, Montreal.
o. 81. Northcott London, England.
r. B. Angus, st. Paul.
N. w. Kittson. st. Paul.
y. j. Hill, st. Paul
r. B. Galusha, st. Paul.
And the officers appointed were the same as
last year:
Geo. Stephen, president.
II. B. Angus, vice president
Edward Sawyer, secretary treasurer.
The chief executive officer being James j.
Hill, general manager.
The adjournment of the meeting until
August was made 70 allow of report for the
full fiscal year, which will end the 30th of June
next. being then presented to the shareholders;
and it is contemplated thereafter to hold the
annual meetings at that period of the year as
more convenient, coincidng, as it does, with
the season for rendering official statements to
the State authorities.
The operation of the road for the ten months
that have elapsed since the reorganization of
the company shows excellent results.
The total earnings from all sour
And the operating expenses. 1.07S,97 49
Leaving net earnings. 81, 2S6, S13 81
The operating expenses Gncluding State tax,
S60, 96S.20) being in the ratio of IS 6l-100 per
cent. of the gross earnings of the railway.
The work accomplished during the period
under review comprised the building of ninety
nine and half miles of new road from Alexan-
dria to GAINESVILLE, and of fourteen and a half
milo 70 FOS frr.
the building of eleven and half miles of new
grade west from Grand Forks; the re-layiDg of
seventy. five and three-quarter miles from st.
Paul to Sank Rapids with steel rails;
the building of three miles of road
from St. Paul, making q double
track for that distance and the building of
1874 miles of additional side-tracks. In the
foregoing there was used II, S5715 tons of new
iron and steel.
The following is a list of the principal per-
manent improvements.
New bridges constructed. ....... -. 70
New turntables bullt. .................. Z
new eIigIue houses '..'........'. U
New machine shop buildings. ............ 2
New frost-proof tanks and wind-mills, COM
plete OBSERVATION-DISCLOSURES. II
New passenger and freight depots .......... %
New section and readmasters houses. ...... 16
Two freight houses at St. Paul, 50x400 and
40x500.
One general Office building.
There has been added to the storage facili-
ties of the road 40 new elevators, with a capac-
ity of 5000, 900 bushels.
The workshops for construction and repair of
rolling stock at st. Paul have been enlarged as
much as their present location will admit of
| and a large amount of new and improved ma
| chinery added to them, by which their capacity
has been nearly doubled. Ground has been
acquired for the construction of new shops in
the neighborhood of st. Paul and the grading
for them will be commenced at once. Their
estimated cost is $50, 900.
The work contemplated for the present sea-
son, as already made public, is the construc
tion of the st. Cloud & Lake Traverse line,
| about forty eight miles, and the line from
Breckenridge north, about 200 miles; the low
ering of the grade on the main line to maxi
mum of twenty-six feet to the mile: the laying
of 200 miles of steel rails on the old road bed
| the building of a double track bridge and
union passenger depot at Minneapolis; and the
extension of spur of about five miles on the
| north shore of Lake Minnetonka. The mate
rial and grading for this work has nearly all
been contracted for and ground has been brok-
en- on both of the main extensions.
The transactions of the land department
from June, 1879, to April, 1880. inclusive, are
as follows:
Number of acres sold for cash. 800. sc, 831. 81
Number of acres sold on credit. 1S9, 277. 04