The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-07
NJ. 4 ST. |. ANNUAL
Reports Are Received Showing Good
Progress on Some Large I'm
provement Work.
Total Receipts Were in Excess of
Three Million, an Increase
Over Last Year.

Stockholders OF the Minneapolis & st.
Louis Railroad company held their an
nual meeting at noon to-day at the gen.
eral offices in the Guaranty building. More
than two thirds Of the stock was repre-
scented.
The annual statement for the year end
ing June 80, 1902 was presented, and a
resolution was adopted ratifying and ap-
proving the action Of the directors dur
ing the fiscal year. The results Of oper
alton were very satisfactory to the stock
holders, and the prospects for the year
are encouraging.
Directors George Croker, Edwin Lang
don and H. E. Huntington, whose terms
had expired, were reelected. H. E. Hunt
ington has taken the place Of John w.
Mackay, recently deceased. The board
consists Of Edwin FIawley, John E. Searles,
F. H. Davis. H. E. Huntingdon Edwin
LangdOn, F. q. Palmer, l.. G. Weir, George
Croker and l.. F. Day.
The meeting Of the board of irectors
Immediately after the stockholders meet
ing was adjourned until Oct. Is, on which
date the election Of officers will take place.
No changes are expected.
Big Improvement Progressing.
In the year just closed there was no ad-
ditiOn to the mileage. The work of i'm
prrTement in progress for some years was
Continued and a large amount was ex-
pended in grade revision, ballasting and
rerIating the old wooden culverts and
bridges with permanent structures Of steel
and stone. r., y
.'rhe most Important work IN hand at
this time is the changing Of alignment and
imoro> cn:ent Of grade between Hopkins
and C!laska, and this work is SO heavy that
1t viii not be completed until about July
!, 1905 When the new line is completed
the maximum grade will be e per cent.
and the present excessive curvature will
be relnoN ed.
TO the travelling public one of the most
important changes is the abandonment Of
the exclusive passenger station at St..
Paul, and the running Of all trains to and
from the Union station in that city.
In about thirty days the company will
begin running it's trains to Chicago in
connection with the Illinois Central, thus
shortening it's line about forty miles, and
reducing it's running time to point where
1T can successfully compete with other
Twin Chicago lines. This will also
give the company the advantage and it's
patrons the benefit Of the unusually at
traCtive and convenient terminal station
Of the Illinois Central on the lake front in
Chicago. At the same time it will dis
continue running it's St. Louis trains over
the Rock Island and Burlington tracks
and will enter st. Louis over the Wabash
using the Iowa Central from Albert Lea tc
Abba, Ia, and the Wabash on to St.
Louis.
The general Improvement work will b.
continued not only upon the track bu
upon the buildings well. Plans are al
ready completed for new round houses a
Winthrop and Albert Lea, MIMI. both tt
be permanent structures Of the most mod
ern type. Additional improvements in tn
Minneapolis shops are also contemplated
The Annual Figures.
he annual report gives the gross in
come for the year, compared with tn
figures for year ago in the follown
table of gross receipts and expenses