The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-03-25
PLAIN DEALER,
". X. MEAD. Editor.
THURSDAY, MARCH. 25, 1856.
Figures for Men With Brains En-
ough to Think,
And With Courage Of Conviction
to Act Afterwards.

Anu w iii OOuTNHe VI SOHNlCIIUu
to Act Afterwards.
Nearly 5000 miles OF road at $751;
277 per mile,
And assessed at $500 to $500
per mile.
Which earns net income Of 81
90, 1Os9O.
That s7,949, lOs.9o was unjustly
taken from the public.
The patrons Of the road had paid
all the salaries Of its officers, the In
terest on the bonds, the repairs, the
rolling stock, the station agents and
for.new statiun houses and the extra
ordinary expenditures 10 the pur-
chase OF the Fargo and Southern
III miles, besides for real estate ut
Chicago, st. Paul, Minneapolis and
other points.
Aud yet the people don't own one
solitary right or franchise Of the pur-
chase.
It Is paid for by the people but
owned by the corporation.
Which through the assessments
made by the executive council con-
sisting OF the Governor, Auditor,
Treasurer and Secretary OF State,
pays but 1.-THE of its proportion Of
the taxes annually levied.
Men who wear collars or who cant
think, had better not read farther.
And what's true OF this road Is true
OF every other one In Iowa or else
where In the Tn tied States.
The people have built them, the
corporations own them.
THE MrLwArKEE's ANNUAL.
MILWAUKEE, Wis, March 1.-THE
twenty second annual report OF the
Chicago. Milwaukee & st. Paul Rail-
way company, that for 1885 wac Is
sued to-day;
Gross earnings for the year are
shown to have been $24, 4l3,272.92;
operating expenses, including taxes
insurance, ETC., $14,5l2,471.35.
On April 80, the second dividend
out OF net earnings OF 1884 was paid
81 per cent. on preferred and II per
cent. on common, aggregating ST.
O42,498.32.
Dee. 81, payment Of interest on
bonds to the amount of 81, O96, 573 IS,
Al3} per cent dividend on preferred
stock, and d per cent. dividend on
common stock, both amounting to
$780, 40.93, was made.
After meeting all expenses Of this
or other nature q balance OF $7s949.-
lOS.9O is shown against q balance OF
$685., 98l.1O at the close Of the pre-
viOuE year.
In the matter OF extraordinary ex-
penditures, which aggregate q. OO2,-
$50, SAIL 800 was for additional equip
ment. s87 900 for the purchase of real
estate ut Chicago, Milwaukee, st.
Paul, Minneapolis and other points,
$4,000 for bridges, 3O,OOO for new
side tracks and $104 900 for new de-
pots, warehouses, coal sheds, etc.
THE INCOME STATEMENT,
shows l7,lO1,742 to have been from
freight, s5.499.737 from passenger.
e668, 764 from mail service and $402,
$50 from express service.
The total bonded Indebtedness OF
the road at the date OF last report
was 800, A,OOO.
During the year Fargo & Southern
railway bonds TO the amount OF 81
100000, and real estate bonds to the
amount OF $4,000 have been as
sumed.
The bonds redeemed were land
grants to the amount OF 100000,
Wisconsin Valley division $1,000
and Dubuque division 367 900, max.
ing the bonded Indebtedness Dec. 81
1856, elOl.47O,0O0.
There were issued during the year
4.999,9l7 shares OF stock, making the
total capital stock 90, 445. 16l.
The total capitalization, stock and
bonds, $153.9l5, l6l, which is at the
rate OF PIT per mile.
The present mileage Of the road Is
1921 miles, the Fargo & Southern
III miles, having been added during
the year.
The company has acquired right
Of way and depot grounds IN the
business center OF Milwaukee for q
new passenger station. and has be.
gun the purchase Of grounds for nd.
ditional freight facilities at Chicago