CAPITAL STOCK. The total number of miles of railroad in operation in Iowa, reported by the several companies to this Board, is seven thousand, nine hundred and ninety-seven and fifty hundredths miles. The report of the capital stock and debt is based upon the entire lines of the roads, nearly two thirds of whose mileage is in other States. It is apparent that in the trunk lines there is not and cannot well be any very accurate division of the property or debt conforming exactly to State lines. The entire length of these lines, including the mileage within and without the State, is twenty-one thousand, eight hundred and twenty four and eighteen hundredths miles. This is less than the previous year, as the Wabash, St. Louis & Pacific Railway is divided and reports a much smaller mileage than last year. The stock of these roads that represents the lines added to the stock of the roads entirely in Iowa is $422,236,960.71, or $19,347.21 per mile. The amount of stock representing the roads in Iowa is $147,350,517.48. The total number of stockholders reported is twenty-five thousand, two hundred and thirteen; those living in Iowa, six hundred and thirty-three, or one stockholder in forty. The amount of stock held in the State is $6,038,801.82, or nearly one share in seventy. DEBT. The aggregate debt of the roads that form the Iowa lines in connection with other States amounts to $531,430,436.83. Of this, $508,719,074.82 is funded debt; $22,712,263.72 is floating debt, or $24,350.52 per mile of road. The debt representing the road in Iowa is $150,296,919.87. STOCK AND DEBT. The stock and debt of the roads, as reported, amounts to $953,667,397 54, or $43,697.73 per mile. This may vary a little from the exact condition, as some of the lines are in the hands of receivers and in process of reorganization. INTEREST PAID. The interest paid on the roads in Iowa and the proportion of through lines representing this State, as reported is $7,706,920.14, or five and thirteen hundredths per cent on the entire indebtedness of the roads reporting STOCK AND DEBT. The following table shows the amount of stock and debt per mile of each company, as the returns were made to this office: The following table shows the mileage added and the increase of capital stock during the year, of all lines in the railway system represented, that report to this office. The increase of mileage in the State is 432.84. The increase on all the lines is 812.93. The increase of stock reported is $4,823,036.96. COMPARATIVE TABLE OF STOCK AND DEBT FOR THE YEARS 1880, 1882, 1884 Stock. Debt.. Total $261,482,954.21|$ 345,918,605.27 $ 390,586,766.44|$ 415,010,066.52|$ 422,236,960 71 223,551,426.01 386,228,328.01 440,214,133.65 474,736,826.66 531,430,436.83 |8 493,034,380.25 $ 732,146,933.28 $ 830,800,900.00 $ 889,746,893.18 $ 953,667,397.54 In 1878, $343,849,402.06 represented 8,367 miles of railroad, which was the entire mileage of the roads reporting to this Board. In 1880, $493,034,380.25 represented 12,219.36 miles; in 1882, $732,146,933.28 represented 18,548.69 miles; in 1884, $830,800,900 repre sented 21,164.32 miles; in 1886, $889,746,893.18 represented 22,700.86 miles; in 1887, $953,667,397.54 represents 21,824.18 miles; or the systems in the nine years have increased their capital and debt $609,817,995.48, and their mileage 13,457 18. The mileage in Iowa has increased from 4,157.15 in 1878 to 7,997.50 in 1887, an increase of 3,840.35 miles in nine years. The capital and debt reported for Iowa in 1878 was $153,601,784.47; in 1887 it was $297,647,437.35, an increase of mileage of 3,840.35, and of stock and debt of $144,045, 652.88. COST OF ROADS. The following table represents the entire cost of the roads doing business in Iowa and so far as the Commissioners are able to ascertain the proportion of the cost of the roads for Iowa. It is not claimed that this table is accurate, but it is as close an approximation as they are able to make with the information that the railway companies have furnished them. Cost of roads and equipment $856,467,465.64; per mile, $36,487.00; cost of roads in Iowa, $261,747,197.44. RAILROADS. Burlington, Cedar Rapids & Northern.. Chicago, Burlington & Quincy.. Chicago, Burlington & Kansas City Kansas City, St. Jo. & Council Bluffs.. Chicago, Iowa & Dakota... Chicago, Milwaukee & St. Paul................................................................... Chicago, Rock Island & Pacific................................................................................................ Keokuk & Des Moines.. Chicago, St. Paul, Minneapolis & Omaha..................... Des Moines & Fort Dodge Humeston & Shenandoah............................................................... Illinois Central Chicago, St. Paul & Kansas City. Minnesota & Northwestern. Iowa Northern... Minneapolis & St. Louis Prairie du Chien & McGregor ............................ Ottumwa & Kirkville.. Sioux City & Pacific.. Webster City & Southwestern.. Union Pacific.. Ft. Madison & Northwestern............................................................... St. Louis, Des Moines & Northern Cedar Rapids & Marion Street Railway.. Total..... The average cost of road per mile was $44,002.51. GROSS EARNINGS. The entire earnings of the roads in Iowa are reported: Passenger, mail and express.................. Total earnings for year ending June 30, 1887. Increase over previous year........ .$ 10,208,086.72 27,321,634.90 $37,529,730.62 36,093,106.54 1,436,624.08 MAILS. The amount received for carrying the mails in the State is estimated at $509,294.06. This requires the delivery from the train station to the post office where the distance is short. The amount paid by the railways for this service is not large. INCREASE AND DECREASE OF EARNINGS. + The mileage of this road has been so reduced by the division of the property that this does not represent the condition of the road as compared with former years. |