St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-06-08

agreat deal of self-confdence for Mr..
Hill to accept the management of such
property in such a chaotic condition
as these roads were when they came
into the possession of the purchasers
under the mortgage sale. He had never
been engaged in railroading in his life;
yet ne syStemiZed everything. complet-
led all the unfinished work, and proved
| himself to possess executive ability to
remarkable extent, which time and ex-
! perience has developed into the phe
nominal.
The st. Paul. Minneapolis Sc Mani
toba company has since added to its
system the following lines. ana has in
creased its capital and equipment to the
| following extent:
| The old lines, composing the Manitoba
| Railway company, together with about
800 miles which had been completed
I with money furnished by the syndicate.
were recapitalized by an issue of $16.-
900, 900 of bonds and $4,000. 600 of stock.
Eso that the new company commenced
! business with 657 miles of completed
road and S31, 100000 OF capitalization.
L The officers of the new company were
as follows: George Stephen. president;
| r. B. Angus, vice president; Edward
/ Sawyer, secretary; Jam eS j. Hill, gen.
-eral manager.
The equipment at the end of the first
years operations comprised IS locomo-
tives, 60 passenger, mail and baggage,
cars, and /, 523 freight and work cars of
all descriptions.
[ During the year ending June 80, 1891,
the extension of the cOmpany's system,
! by purchase and construction, amounted
to 142 miles, and its equipment has been
increased to So locomotives. 81 paSsen-
|; ger, mail and baggage cars, and 2,608
freight and work cars.
During the year ending June 80. 1892.
extensions had been made amounting to
1921 miles of main track, and the
equipment had been increased to 137
locomotives, 100 passenger, baggage and
mail cars. and 3,7S7 freight and work
cars. In this year r. b. Angus with
drew from the company as vice presi-
! dent, and was succeeded by James j.
Hill. The vacancy in the general mana
gership occasioned by Mr.. HIPS promo
ton was filled by the appointment to
that place of Allen Marvel, who. for
year previous. had occupied the position
of assistant general manager.
During the year ending June 80, 1858,
| the extensions amounted to 31S. IL miles
! Of main track, and the equipment was
| increased to POI locomotives, 16O passen-
ger, baggage and mail cars, and 1908
| freight and work cars. In this year
George Stephen withdrew from the
| presidency, and was succeeded by Mr..
| Hill. John S. Kennedy. of New York
! city, was elected vice president.
! During the year ending June 80, 1884,
! 47.3 miles of main track were added to
| the system, aud the equipment remained
substantially the same as it had been
| during the previous year.
/, During the year ending June 80, 1885,
| there were added 1884 miles of main
track. There were again no material
| increases of equipment.
During the year ending June 80. 1856,
| the extensions amounted to 3S.S7 miles
of main track, the equipment remaining
! substantially as in the previous year.
| During the year ending June 30, 1887,
| the extensions amounted to 1875 66 miles !;
| the locomotives were increased to 216;
n