The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-07


FINANCIAL
During the business year covered by this
report there was no change in the funded
debt or share capital of the Great North
ern Railway company, or IN the snare capltal
of either of its proprietary railway com
panies. AS the Willmar q Sioux Fails Ral!-
way company did not issue In 1893 the full
amount of It's bonds required In payment LOT
the line from Sioux Fails to Yankton, > y,
it has, during the past year, issued us ponds
for 81 Co., the balance due, and closed out
the open account. -, G..
Paul, Minneapolis & Manitoba RallWay COM
pany, fully explained in that companys an
nual report was caused, in part, by the re-
demption, through the operation OF the SINK
ing fund, of first mortgage Z per cent lahd
grant bonds; and in part by tne issuance
of bonds for the acquisition OIL addluonaI
property, exchange OF first mortgage per
cent bonds for consolidated mortgage 472 per
cent bonds, and on account OF the coLsCu t-
tion of an extension of the Hope line TO
Aneta, N. D., 2S.07 miles, and Of the Moor
head Northern line to Carman, Mlhh.' Szz0
miles O total of 5000 miles.
Attention is called to the fact that during
the wear lust ended the outstanding nrst
mortgage per cent land grant bonds OF the
St Paul, Minneapolis & MANITOBA halfway
company have been called for payment by
the trustees Of that mortgage, VINO, having
in their hands the necessary FUNDS 1or re-
demption of the bonds upon presentation,
have satisfied the mortgage: interest," on tnese t
bonds ceased June 1, 1897. SIX per cent
ner annum is the highest rate of BOND inter-
est now paid by this company OF us pIopLl e-
tar1 railway companies, and that rate upon
$35 Geo of the $1O6,l4l ,S5454 outstanding
bonds. ,. 4L ,,oor
on the capital accounts OF proprietary COM
panies, follows: ,.
Eastern Railway Company OF Mime o.. -oo 90
,r s0ta Central Railway company 1864 81
Willmar & Sioux Falls Railway co,- o.
company go. 49, ma pm O'o-' -
DT Tay ' Terminal Railway company 728O9 95
Minneapolis Union Railway COM ., 90
P pa Stock or bonds have been issued to rep
resent these increases Of invested capital
During the year this company purchased
a large interest in the preferred shares OF
the Oregon Railroad and Navigation COM
nanv. in part payment for which bills pay
able were given to the amount or Sl'lOgOoQ'
: shown by the general balance sheet
AS soon as this purchase mas peeh
fnally adjusted these notes will be paid.
This stock stands on the companys DOCKS
at cost, but has largely increased in value
The cempany has acquired during the year
other securities and properties In connection
with it's railway, which, with the U. H.
n stock above mentioned, make up the IN
crease OF 50, 7l3, 174.72 in cost Of properties
and securities owned by Great Northern Rail
way company" as compared WIN Ine salAe
item in last years balance sheet
EQUIPMENT PURCHASED.
Twelve mogul freight engines, with ccylin-
ders 1926, for the Great Northern Railway
company OF these, eleven were additional
and one to replace q vacant number. N am
Savan hundred and fifty-one 40-feet 60,0O0
Mound capacity box cars, equipped with auto,
matte couplers and air brakes so for the Great Gd
ffonaI and 20 TO replace cars destroyed dur
Ing the year. Ill.
Thirteen four-wheel caboose cars were built
in the company's shops during the year, three
to replace destroyed cars and ten for addi-
1--WE TWenty-one cinder cars for the Great North