The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-27

Hills report contains the enumeration of
4 number such.
There was expended during the year
for equipment $2,021, 1922, of which
amount 81, 5iS, fl,OS was charged to equip
ment account
The equipment with air brakes and
automatic couplers of freight cars has
been eoBfR1ue during the year So that
fSou fa g gars AaE kaked Rs9 R tray ray
tic to be equipped with these appliances
became operative.
crease in the iron ore traffic, the Duluth,
Superior & Western Terminal Company
has acquired the line between Saunders
and Allouez 5.251 miles, formerly owned
by the Superior Belt Line & Terminal
Railway company, and has built on Al
louez bay an additional dock of $50 peck
cts, with a capacity of $1,000 tons, which
makes the total capacity of the pre- docks
900 tons. The necessary dredging has
been done to afford proper entrance to
and slips for these docks: "a large yard
purchased from the S. B. L. & T.. Ry.
Co. greatly improved, bridges being
strengthened, etc.
COSTLY IMPROVEMENTS MADE
1.-THE board of directors desires to call
attention to the unusually large amount
of work done in the way of permanent
improvements to the property. The gen.
efal plan of improvements contenlp 4ates,
when finished, a first class railway I'll
! the lowest grades CT any line CROSSING i he
continent, with terminal and division
yards. and pass ng tracks to fully supply
the wants of the rapidly growing traffic.
1t is expected that two more seasons will
complete the work necessary to accom-
plish this.
1.-THE permanent work done in recent
years, together with the heavy work done
during the wear covered by this report.
and the work being ;lrne Turing tire eur
rent fiscal year, covers most of the lines
east of the Rocky Mountains.
The amount of work done this Year is
much larger than in dny previous year.
Over eight miles of wooden bridges have
been replaced by heavy steel construc-
ton or solid earth embankments. The
cubit yards of earth moved. as given on
page "a is nearly equal to the grading Of
800 miles of ordinary railway.
The completion of the Cascade tunnel
will shorten the me and reduce the eX-
pense of all trains on that portion of the
line.
1.-The entire country served by our lines,
while the last to be opened to settlement
wonderful growth during the past five
years, and with the improved conditions
under which the company will be able
to transact it's business, the future
growth should amply repay it for the
work 1T Is now doing, Enabling it to bet
ter serve the public, and at the same
time fully protect its revenues and in
come, as the constant reduction in rates
of traffic keeps pace with the increase
Of business
THE growth of the lumber and tim
Der business from west of the Rocky
mountains begins to call for more cars
than are loaded westbound. The growing
Oriental trade has already reached
point where the traffic is practically lin
tied to the ships which can be secured
to carry the commodities seeking an out
let to China and Japan. To meet these
conditions and provide ample tonnage
for this trade the company has organized
the Great Northern Steamship company.
which has now under construction two
steamers of the largest class, with all
the most modern appliances for safety
and economy"
SUMMARY
The report shows that the net earn
1ngs increased 81, 2S6,057 and the total in
come gained s., 623, $50. Fixed charges de-
creased $500,294, but dividends paid on
Great Northern stock were S2.557. 744 larger
than in 1899, the final surplus being IS, O69.-
$780, against $4,5o2, $50 in 1899.