New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-10-13
GREAT NORTHERN RAILWAY
The pamphlet report OF the Great Northern
Railway Company for the fiscal year ended
June 30. 1906. isho~ssr

way sys proper. ss2 5T7.54a $40 $4,000 Ine.pin.sS
proprietary eos. et's.eSc ssooiss Inc. 1885
op rO ZIP s'. ans ;,ss. isaoos as2ss sssi
v YET earning. 'ssssls;; "s sssi Inc Inc s 81
Total ne, in, .y.sso7S,ss7 soi7oeaS Inc % so.ni
p n y ..oss sns7'o es'2scs Inc nssa
North pfd. stock. 10000 10000 Inc. 2'noo
s Totals 'PsiG s s sSs Inc Inc ,s 's,
The report says During the business year
covered by this report there was no change IN
the funded debt or share capital ~ the Great
Northern Railway Company. or in the share
capital Of either Of its proprietary railway com
panies The enti~c issue Of SI5.Wo0co Of this
companys collateral trust per cent bonds ths
only bonds ever issued by the company was
called fer redemption by a resolution Of the
Board Of Directors on May 81, and up 20 the
present time practically all Of the bonds have
been redeemed. The redemption OF these bonds
will return TO the company's treasury 100000
Of the ST Paul Minneapolis and Manitoba Rail-
way Company's Pacific Extension bonds The
Great Northern has. from time 10 time. sd-
yanced to the Seattle and Montana Railroad
COMPANY to assist in the construction and
acquisition Of the property owned by the last
named company. sums which with interest
amounted on March 10 Sll.2sG 400 OF this
amount the interest. amounting TO A2sis1O.
while charged to the above company, has not
been included In the Great Northern's income
account In confederation Of the issuance OF
the entire capital stock Of the Seattle and Mon
tana Railroad Company pro rata TO the share
holders of the Great Northern the entire amount
has been written off and the balance Of S699s,-
600 has been charged 10 profit and loss The
most important expenditure made in the year
on the capital accounts OF proprietary companies
was S4S4f.S+2 the Eastern Railway 81
Minnesota which amount includes the purchase
price OF the Duluth. Superior and Westerns
railway and equipment and the sums advanced
contractors on account OF construction Of the
new Northern Division to the close Of the fiscal
year
The item OF 81. 100000 bills payable. shown
in last years balance sheet for account Of pur-
chase OF preferred stock OF the oregon Railroad
and Navigation Company. has been paid and
cancelled in the year. The company Is not car
rying on its books asset the cost OF any
additions and improvements but there was ap-
propriated from the net revenue for the year
S1.JOOOOO for permanent Improvements and
renewals. and also S7JOOO0 toward the cost Of
the tunnel which was begun in February. 1891.
and which Is now being built through the Cas-
cade Mountains The company has been carry
ing its own insurance for the lasC three yearA
with a saving OF ST. go. which stands on the
books as credit to Insurance fund. TO
strengthen this fund S250OO0 has been trans
ferred to it, making 1t abundantly strong to
meet any loss"
The total mileage Of the system is 4,69s.2R
which Is an increase Of 1892 miles over last
year. The increase represents new construction
and the purchased Eastern Railway OF Mime
sofa.
The statistics Of freight and passenger traffic
on the entire system as compared with the pre-
xInu