, 1881-08-14

Fronl this dividends were declared
amounting to s, 49,.
The Increase in gross earnings over last
year was Sl,9s4, rs; the increase III operal-
in! expenses, $50 22Gl; IN taxes, ,9tO; and
in interest OF. bonus. S;ss..5,Ssl. The decrease
in tilt. reit Ut leased lines and operation of
other lines was s;;;sa.,7l3; the decrease in net
earnings, $50, 6G6.
present 2,tH. During the year .dl were
added, Of which 1j2 IRE to be credited to tl,e
Dakota Central. The total amount OF rail-
road Mayj1 was ,1IS miles.
There was issued durimg the 1 year s'oa on on
total bonded debt at 81, ,o0i,0o0. In order IL
diminish the number OF corporations and
separate organizations included in the Chi
caEo L. Northwestern system, I'LL effort was
made during the year to consolidate the va
far rs it could conveniently DC done, iNtlc-
pendcltiy Of the organization of the Chicago
Il Northwestern Railway Company. In .pnr-
;uanee of this policy, the Elsin y STATE Lne
Kaiiread Conway; c'' and ID the ' State Lie .!
IL Union 1;ilroat Company, in the
States Of Illinois and Wisconsin.
were consolidated under the name Of the FL
Ein a d State !, hlne l'ailroai Company; the
the Northwestern Union hallway Company,
the Milwaukee d. Madison Hallway COM
pany, the Chicago Il Tolnal Railroad Conn
pany Hwh1siI ilad p1Hviotls peen merged
Mi.., 1ne u'.ieat w.. ~ " .sso,'o!l' rat'.u..u f';
!vv ,nnn o tv or,. u !, Ht ~.
States Of lllinnis and Wisconsin,, under the
, nalne or r. 1le Clllca$o. Mllwaakee ~ North
1s;,'r o.c'I ;irs itnms Cus w uGlo,'oi !'',;
t.itua't eo,paa, III -Hacn,Eaat' ail.t
TIC, name Of the Nlenomil,ee Eivcr
MailT0t Ia company IN oot. ;1 OF SIG states;
tnt W i'l ~ ot: ietei 1alal0Io 'nipa!S
Swc vtn n 1lf pacfioas paG,v1 a te pton.
t,le ~ lt!o,l, hhlthlo ~ NV ~. l.alliGta!'
tne 1lHii,leW 1taiiEoAu Co'liEa1'f, tne tnat-
Hcl1 lallfoao company, tne hocneslcrS ~
N1rteln Niineso!a ni kliwae wUpi,y, tt,e th
were united in Minnesota, and form the cx-
3stins corporation Ut @ 1ne Nl!ioa y p. ietGr
f;silroau company. Inc result oi tliis Work
!;anzai9ns into fonr fsepIrte companies ~
mostly situated n inc TOUR 5tates o. Illinois,
wisconsin, Michigan: and Minnesota.
Inc gross carnlnss increased, us coinp?rSIa I
l te yaf nef REL Sen arrcs
Stc:Lncreased {; per cent rI, e net ear-
lnSs decreased -. per cent: inc operating
eSpcnscs Wefc q oi,o1 pei ceuI " u1e e;.ltla''ss,
us asal1st iEi 4o.ao per cent 1ol lle ptecetIlls
m nc eE ,oHs n'e an Wit, wiz f vcenton G ~
-: iSS0 were greater than tor any former year
Inc 1u!ber oi passengers carney was s4'4o!,
VI. all increase Of oi',9l9, OF 10y, per cent
over tne previous year. me aver
age rate rece'Veu per passenger was
G:!s cents, as against 91.s@t me year oclorc.
'ills decrease III rafe was equivalent 70 re-
dnctlon On On the whole movement OF me year
o1 S~ootH, lhe total passenger earnings
tllot1ltea 10 OF ~ 'No n1oIt tli;ll
Tor the preceding year Inc total freight
earnings We're $i3,4i4,i2i. oeiiiS AL increase
o. @l'o!6'3,.i. The number O. tnils M @ carried
WAS 6,003, ll.,-ali increase ot l,oo.,4U tons.
Ile e; aXera;;S y, @ rate pr ton declined from S;l
to - u: The average rate per ton per mile
was LII, against ]. 40 for lSs0.
during tue year 1sl miles OF track were re,
neWed with steel rails any d. wtth st steel anu