The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1907-09-14
Low Fares Bring Gain
ContInned Son 49, page

Low Fares Bring Gain
Continued From First Page
jointly with other roads 1854 miles,
and uses uif icts 300 4 miles
giving IL a fc tils5l. miles pf
track Oh 81 atas
The tl the road con
sists Of lai as SOC passenger
cars % sle,l .ss; "a parlor cars
is dining cars cafe observation cars
3 composite observation cars; 40 bag
gage, mail express, and combination
cars "a, ssl box cars 3. G24 stock cars
0, 1870 Hat, coal and ore cars / $3.50
refrigerator and vegetable cars / 476
ballast cars; 59i caDooses 222 wreck
ing and tool cars and rs business cars,
all standard gauge, la addition the
company owns the following narrow
gauge rolling stock Three locomotives,
3 passenger cars. / combination car %
freight cars OF all kinds aud one
caboose.
During the present year Gl5 cars be-
longing to the company were destroyed
by wreck aud Ere on its and other
roads one small Pile driver was taken
down on account Of its worn out con
dition, four small baggage cars and
five fiat cars were sold and sixty two
small locomotives, fifteen old passenger
cars, and I 7Oi freight cars Of small
opacity have been set apart for repace
ment
During the year twenty eight steel
bridges aggregating B 22G feet ia
length We're built, replacing 9 402 feet
OF wooden bridges, 700 feet Of iron
bridges and 60 feet Of embankment.
There were also POS wooden culyerts
replaced with iron The company paid
tor labor directly in t. employ the sum
ot $50 500, s74 80, and for material and
supplies Ss3. 4l4, 4s5 So Companies
organized under the laws Of south
Dakota Montana Idaho. and Wash
ingtou have undertaken aud are now
engaged in the construction Of line
from the Missouri river to Seattle.
Tacoma and other Puget sound points
Each Of these companies b progressing
satisfactorily With its work saf pr
sident Earline
sfnaking g these lines az mys n
his report
~ has long been apparent that an
Eouiet TO the Pacific coas wonn + of
great benefit 10 the property Of your
company, aud accordingly your com
pauy has advanced and Il now from
time TO time advancing sums OF money
TO aid these companies in the constrnc-
tion Of this line
In the opinion Of the directors
large and important benefits will result
20 your company and also 10 the Yves
tern companies through the inter
change OF the constantly increasing |
traffic between the great lakes and the
Pacific coast
Tire total amount OF capital stock at
the close Of the year Is l32 009 800
The amount Of capital stock milo
of road is SIS. bO68j
at the close of last fiscal year the
funded debt Of the company was Si2t.
$40. 800 IL has been increased during 4
this fiscal year by the issue of S4,ig9 /
600 OF general mortgage bonds and it
has been decreased Ss8i 900 by under
lying bonds retired and cancelled
The amount 81 bonds NJ the close Of I
the fiscal year ending on june 30. 1907 4
is 1926. sl7 500 which includes bonds
in the treasury or due from trustees
amounting Is s. 2sG 600
The amount OF funded debt mile
81 road is Sii SOC O2. on which the III
terest charge a mile Of road Is Ss26 81
The total capitalization OF the com
pany a mile Of road s S8G,0i23s