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OF THE

MlLWAUKEE ST PAUL AND PACIFIC

-

Si=r-shy

OF THE

CHICAGO MILWAUKEE ST PAUL AND PACIFIC

RAILROAD COMPANY

YEAR E~DED DECi=~BtR 3 L f 929

~I)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

1l1ttM IX1l11r MIV 11 IUPltfl MOHTIMJoII N 1I1101NIIIII NtlW YORK HAHIlY Jo IIYIlAM NI1W YOItWAIIII 1 (Jllit HIII)l1 NII~w VOILIWAI11011 W (0 L1111 N 1lIV 1I1l1(HOWLAND H IlAVtH NIIII 11 FAIRMAN n mol NIW lIll1l FREDERIOK H JWI( Illl NilI 111111 SAMUEL H FISHEU NI1 III DONALD G GEDDES Nil 11JOSHUA GREEN oil 1111MARK W POTTER NltW111LHENRY A SCANDRETT I hlll~tlo

W W 1( SPARROW qUIIAIIIIRODERl T SWAINE N IllY II IlL WILLIAM D VAN DYKE MI II 11111

Elected to vacancy September 12 1929 EJected July 18 1929 in place of George E Roosevelt lei-llw1

EXECUTIVE COMMITTEE HARRY E BYRAM FREDERICK JI ECKER WALTER W COLPITTS SAMUEL H FISHER FAIRMAN R DICK HENRY A SCANDRETT

ROBERT 1 SWAINE

OFFICERS H E DYRAM Chairman of the Board NEW YanK H A ROANDTlETT W W IC IPA [WOW 1 T (JI Lt1 eli H lr Pllmll (JNIH 11 ]A ItLI N(l R I MA ltoN Y R M f)A(JNH

Pr(l~idcnt Vioo PreRidplt ViM PmAillflllt VIlllIIMdClnl VIIIIl Irll~lihlll bull VIM ptllht Illlltllilltl VII ILIIII

i 1 bull bull

CllICAOO CHICAGO CIlICAOO CIII(A(Xgt HIllIJ11Il

NiW Y ( ~lI11IA II

F II JOHNSON L W SPRAlLEN

)1)1l1(1I11 vn lIhIIII IlXllnutivlI AJII~III

( lllltA lit OlllllAllll

H H FIELD OnllCit1I1 (l(JllIlt (JIJAt1U O W DYNES Clilltllllll Hrliiflll (JllltJAlltI

R T SWAINE F H WOOD D C SWATLANJ)

(JUIII1I1 rI flIl 111111111 I lmilllIlll NIIW Ynllil

W V WILSON J DICKIE H CmEENGARD It P ROCIltEFEIJ1Il r G WEIFFENBACIl I W BURTNESS A C lTAGENSIOK I WreLOH O ltllUJlmN n N II AnSlAD (l It IIIHOllin lI I~ rpW]J)I1I I) (1 (lIlltIIR

IV)

__ -_ __tt-~~-~~

THE

SECOND ANNUAL REPORT

OF lit 1

CHICAGO MILWAUKEE sr PAtH ANIgt PACIFle RAILROAD coMPANY

FOR THE YEIIl INUEO tgtECEMIJIW ~11 11)

10 the Stockholdels of Chicago Milwaukee St Pard Itwl lcr6J(I~

Railroad Company

The Board of Directors submits the following report of the operations lJ1d affairs of Chicago Milwaukee St Paul and Pacific Railroad Company for the year ended December 31 1929

The net illcome of the Company after interest on funded debt including 5 interest on Convertible Adjustmont Mortgage Bonds for the year 1929 was $707401445 as compared with n(lt incolno aftor similar dedudions for the period January 14 to DCII1 nbnl 11 Hgt2f of SO2GI9714G 9 decrease of 52187957 Ol Ali -(I(Id ill 1[lI fllIll IWlIllal wport of th0 Complny for 1928 t1lI 1111 ull 101 1 1~lld IIlnrlilll 1llilillflt 011 of 111l[IPIIdionl Wllidl Io(k pllll (l110l 10 111 cllII tIIII 1111111111 (IIIlIIIIlV ItII1I II(lIr~

It(i III II I (111111111011 H 1l~H) 11111 1I1IIrlllIlld 1IlId fllIllIl1lttld 1111

Hllh~ll~ql(IIj (lIl11l(O Idllh 11111111111 III 111 or ~~Il71ITl11II

whioh ill 1I(IOldUlOIl with ~11t IU(lilllldiIW 1111111 III jll IIlIIIlultl CQrnmlllO (~ornnliHgtlioll I1~-1 1I11 d1l1ql1l11 fIIIIII III 1111111111101

the pn-pJ( (~lllIIJItllY alld i IrlllllllIl 1111 luIIIIIIIIIIIII 1111 IIIlH by that arnoulIl

til)

middotf I

CHICAGO MILWAUKEE ST FAUL AND PAOUllO RAIITtOAD OOMFANY 54 CHICAGO MILWAUKEE ST PAUL AND PAGIITO RAILROAD COMPANY

A comparison of the figures eut()illf into the net railway operating income for 1929 with the figulcH for tihe full year 1928 which includes thirteen days of the reccivOlHhlp ill 113 follows

Railway operating revenues fol ln2~l IOltl $171lfil385 as compared with $170554899 for 1928 or ILI1 ilWIlllllll of $~06486

Freight revenue increased $950010 M I~il 1VllllIIC ill~IT~LSed

$651126 of which $237538 was a nl[IOlLllliv( ill(ltj~(1 for tho first seven months of 1928 (Tho totlLl alllouni of lll(IOIWti v(~

mail pay received waS $1421205 of which ~I L~~11I7 1~lliod to the period prior to January 14 1928 and WlUI 1I0~ IlIuJmlod III 1929 income) Express revenue inclenscd $l~I(O(t ll1fllmgcr revenue decreased $1337234 Milk rCVOlIl1 dillll(1111d $205801 Other miscellaneous transpOltation nilllllIt1 dlCIIII~tlnd $Z4831

Number of revenue pos~fnplrM 1lllIi1I 111 IIlJIl WllH 7444431 as against 7497534 fOl Hl2H NlIollIll of rUIHoll~er miles was 572419772 for I02D fLB I~llillll l11(HlJII~ for 1928 Average revenue per PffS0lIftI rIll I U~1l WIlli $21 nH tllIainst $241 for 1928 and the llIIllflill IW1 Iltilt(llIj(N p(II mile for 1929 was 202 cent~ 0lt l~Jl(Ii 11-11 ~~I)ti ](II Lil fnl I H~K

Tbo u(]dillllllli dllill1 ill PI~flHI~nfl(1 lmd milk revenue was due to inJlflfLK11 110101 vltllIitl)lo tloJllltlLilic)n

On MI1(~h I lD2) Illl OXP](~fS operations formerly conducted by tlH~ AIIHlillllu Illtihvl~Y Express Company wore taken over by tbe i~uilwltY 1xplC)i-lS AICllCY Incorporated as agent for 86 railshyrOlLd (~(ltrlPlll1iCH Imlldling approximately 98 of express traffic our CpmpltIlY participating and owning 26 shares out of 1000 shares of stock

Freight revenue for the year 192l amounted to $137176432 as against $136226422 for the year 1928 The average distance haul of freight for ll29 was 252 miles as compared with 259 for 1928 Revenue per ton of r()venue freight for 1929 was $264 1I1 against $273 fl 1928 Freight leV~llUt~ pcrtClll PCI mile for 1lJJll wo~ 1048 mIlls as fl~)lIlBt 1002 mlll~ fo l~28

A tlfurly nl Hl(1 6011lc(H or froight revenue for the year 1929 c()lriplLn~d wil1I H)28 ~h)VH t~hlLt the revenues from Products of Agriclltuw dtl(INLFOd $~181524 01 1303 and tonnage deshycreased 670248 or 817 revenues from Animals and Products decreased $258339 or 171i and tonnage increased 2007 or 08 revenues from Products of Mines increased $1419720 or 687 and tonnage increased 1166262 or 643 rovenues from Products of Forests decreased 3851475 01 4f)4J1o and tonnage decreased 2155501 28 revenues from MIIi1uJHtures and Miscellaneous increased $345379g or 83VJ ILlld tunnage illCclI13ascd 1511981 or 1251 revenues fro III L (~ It fl(igllt IllorOtlSed $373830 or 233 and toullrLlln ill(IIlu~ld lo48S ttlIOfl

The decrease in revenue from lPnl(ltlCtM of Agriculture was general throughout the year n rof(l1ioll of UW8maUcr crops in our territory The greatest rllwltillwl WM ill wheat corn barley and ryo as follows

T0l1UIW11 101 Hcvemw Per Dem(aKI I Id I )nmtIILiC Cent

Wheat 126MH (IO() $1~PmiddotI(H 1531 Corn Barley and ny~

20Gl1711 I 221I7H

11 III ~O 1111

111(1 III liIiH1

llifin bull i(o Iii

All other AgriullHlIl I U(JItl~

modititliil l11IOll II I (11111 7 middot1

Total c bull bull tl70HH H 4 tIllolll2 1~IO1

The increase in Products qf Minc8 Wltfl tIW plillipnlly 10) increased traffic in bituminous coal the revenue of whidl illtlnlulml $1501352 or 1215 and the tons increased 141 J~70 01 HI 21

The decrease in revenue from Products of Forests was dUH principally to the decrcased production of lumber in the states of Vashington and Idaho

The increase in revenue from Manufactures and Miscellaneshyous was due to increased revenues from commodities as follows

Tonnage Per Revenue Per Increase Cent Increase Cent

lrmiddotrol(I1Jn oiltl oJintd ltnd nil (l~h(l KIIHUlilllH bull 273050

hUll IlId Milt1nl piJII 11lId flI 1111111 I) fl II 178HI(

IlOn 1~1l(1 stcd r-ttte4 5tJ1I oltllS in Official Classification n o s 370716

Automobiles and automobile parts 134203

Canned food products n o s 75157 Manufactures and miscelshy

laneous n o s 23G801 Other commoditiCfI 142688

]535

1l2i

2699

2702 1892

1205 244

$832376

70J2fl2

a2(17D5

335234 302837

788550 167711

1147

R~ n2

1211

607 1684

gGO 1 I()

7 6 CHICAGO MlLWAUKEE ST PAUL AND PACIFIC RAIIROAD COMPANY

The operating expenses for 1928 ILnlltlllt~c1 to $125240631 but did not contain charg(~R of $2034 HlJlroplmiddot(fjontinp tr1llsactioDs which on account of tIl( dmnp( of nWlitlnih~p Wllll ehltr~pd back to the prriod plior tn Tanultly 1middot1 H)~R lIIlI oornrmliHOll thore~

fore houlltl 1)( 1~7~71~~~1 ror IOtH with $12HH()()lolUI 101 1929 which fllwWH ILIl iJwnIL~(itl Il~l of $] il(IOm

Hailway tax accruals decreased $51JO522 of which 358808 was due to decrease in federal incom(~ taxes

The rate of return earned on investment in road and equipshyment including material and supplies and cash at the beginning of the year was 358 as compared with 381 for the year 1928 and with 575 fixed by the Interstate COIlunclce Cornmishysion as a fail rate of return ~or the entire Western District the average rate of return for 1929 was 456 as compared with 435 for 1928 For the Northwestern Region in which this Company is grouped the rate of return for HlZ9 was 415 as compared with 404 fol 1928 The deficiency in the fair return for the Western District for 1929 was $128614000 as compared with $1493fl8OOO for W2R fa I the Northwestern Region Siioi73OOO rLl (~ltIupJ1~Id with $liOHI8OOO for 1928 for this (I)l1lfl lLll Y ~Irll~O()()() aN eonlpnl(d with $14521000 for 1928

III It lILlI1lId I(~JlolL fol JOl8 lufoleIlC(~ was made to the apshyph(nl-ioll of 1lw WOI1IOl Trunk Lil(~ elJlilrN to the Interstate COII I II Ifl(1 (lIl1lIiHHion for all illllcafl in dl1HfI rateR The plOshypmlld nnwl hy the Examinels of fhe Commission was promul~

1tIId Oil A1I~~lHi (I 1929 and Lrjument thereon has been heard hy trI11~ (ollLlrJiSSiou It is hoped the final decision will be 9nshyllOllIWCc in the near future The rates in Western Trunk Line terri-tory arc conceded to be unduly low as compared with the rate levels in surrounding groups and a correction of this situatioll in so far as the class rates are concerned will be decidedly helpful to this Company

On December 13 1929 application was tnl1de to tho Interstate CornmQrcc Commission for uuthority to acquire and operate the IIIOpolly Of the Chicago Milw[Lldn~ and Galy Railway Company 111( t)lItiro Hfndlt of which wn~ fl(~qllir(~d in 1922 This application WILH ~IIlllj(d Oil Pr-l1lllltly X 190 and the property will be taken ove for OWllolHbip ~Lud ulnmtioll april 1 1930

CHICAGO middot1ILWAUKEE ST PAUL AND PAClIrO llAlWOAD COMPANY

The operated mileage at the close of Ill y(llU lld 1JIJ() income for the year ended December 31 1929 were IU followH

OPERATED MILEAGJi AT CJ(lHIJ (gt1 YEAR Miles of road bull bullbull 1124783 MiJes of additional main trueka 129543 Miles of yard tracks and sidings bull bullbull 431968

Total Mileago Operated (Pngll 10) If1R0294

(ON ll1N~] I I I II()( 1M III 1 (ll J( II rNT 1~11 rolNlJIH-I IIoIIMIII11t ill 11111

RAILWAY OPEUATINU INClnHl Railway operating revcnueH Rail way operating cxpenses

Net middotoilwlly opell1ting revenue Railwny tax occrlloJs i8 iliI~ill~~I

Uncollectible railway revenltes ]~IjHlll lInllllJOIltl1

Railway operating income 1$ l~R[)J02(11f

Equipmen l ren ts-dchi t balance $ 399530923 Jomt facility rents-debit baluuce 2li2939057 662409980

-----1-----Net ruilway operating income $ 2627432335

Nor OIfnATING INCOMlJ Rents from lease of road $ 33J01821 Rents received-Other 74U48 L63 Dividends on stocks 81168602

I[oll from fuuded Hcclllitie~ i

l()I(1HI 011 hondl nnl nolc~ 8fJ249625 11111111 nil ndVIIIW(11l 10 tdlilinled lompnnics 899786

III(Otrll Injlll 1Ilfnllll( 1((IImiddotilin IIml 1t()COUlltll Illt(UIHI I dlllllallll I(I 1IIII rI d(JpI)Hit~ arld ti Illl

1011111 null (II)llllllliI bullbull bullbull IOi11IOVI1 III Itllnltl (1lI 11lt11111111111111 I 11 ItI I 1llIldll OlIoIJ rII 11I1ml) ()ll hl~lI( I~hlllllm IU~ 1111( MiHonllanoouH intermit 2H()KHIJ

Mis1lCllllnltlOU8 inoome IfiIUIIIl 1(J87150~0

----1------shyNet railway and non operating income $ 3036157415

DEDUCTIONS Rents paid-Leu8e of road $ 110051671 Ronts paid-Other 61348JO Interost on unfunded doh I 2903400 Miscellaneous bull 11100041 l2RfiIiOlIO

NH income before deulIcti(lll fl 111(11(011 flllld()ll dolll

I NIIlIW$I ON FUNDJn nlII (iwd inlcrest headl1) ohI(W~tI11 ( 1111 vmiddotrll hIe ultljustmIIllIIJIOJIIJoIIj1I1 di (tv I111111111 lid

Null 111001111 1111111 l~pIid 10 ~illkin~ IIl1d Ih 111 111111

NIlI IlItllllllll 111III~fqll(jd 10 liIIII1 IlIliI 1

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

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10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

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CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

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IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

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10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

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OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

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TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

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RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

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~

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8 ~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

-

Si=r-shy

OF THE

CHICAGO MILWAUKEE ST PAUL AND PACIFIC

RAILROAD COMPANY

YEAR E~DED DECi=~BtR 3 L f 929

~I)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

1l1ttM IX1l11r MIV 11 IUPltfl MOHTIMJoII N 1I1101NIIIII NtlW YORK HAHIlY Jo IIYIlAM NI1W YOItWAIIII 1 (Jllit HIII)l1 NII~w VOILIWAI11011 W (0 L1111 N 1lIV 1I1l1(HOWLAND H IlAVtH NIIII 11 FAIRMAN n mol NIW lIll1l FREDERIOK H JWI( Illl NilI 111111 SAMUEL H FISHEU NI1 III DONALD G GEDDES Nil 11JOSHUA GREEN oil 1111MARK W POTTER NltW111LHENRY A SCANDRETT I hlll~tlo

W W 1( SPARROW qUIIAIIIIRODERl T SWAINE N IllY II IlL WILLIAM D VAN DYKE MI II 11111

Elected to vacancy September 12 1929 EJected July 18 1929 in place of George E Roosevelt lei-llw1

EXECUTIVE COMMITTEE HARRY E BYRAM FREDERICK JI ECKER WALTER W COLPITTS SAMUEL H FISHER FAIRMAN R DICK HENRY A SCANDRETT

ROBERT 1 SWAINE

OFFICERS H E DYRAM Chairman of the Board NEW YanK H A ROANDTlETT W W IC IPA [WOW 1 T (JI Lt1 eli H lr Pllmll (JNIH 11 ]A ItLI N(l R I MA ltoN Y R M f)A(JNH

Pr(l~idcnt Vioo PreRidplt ViM PmAillflllt VIlllIIMdClnl VIIIIl Irll~lihlll bull VIM ptllht Illlltllilltl VII ILIIII

i 1 bull bull

CllICAOO CHICAGO CIlICAOO CIII(A(Xgt HIllIJ11Il

NiW Y ( ~lI11IA II

F II JOHNSON L W SPRAlLEN

)1)1l1(1I11 vn lIhIIII IlXllnutivlI AJII~III

( lllltA lit OlllllAllll

H H FIELD OnllCit1I1 (l(JllIlt (JIJAt1U O W DYNES Clilltllllll Hrliiflll (JllltJAlltI

R T SWAINE F H WOOD D C SWATLANJ)

(JUIII1I1 rI flIl 111111111 I lmilllIlll NIIW Ynllil

W V WILSON J DICKIE H CmEENGARD It P ROCIltEFEIJ1Il r G WEIFFENBACIl I W BURTNESS A C lTAGENSIOK I WreLOH O ltllUJlmN n N II AnSlAD (l It IIIHOllin lI I~ rpW]J)I1I I) (1 (lIlltIIR

IV)

__ -_ __tt-~~-~~

THE

SECOND ANNUAL REPORT

OF lit 1

CHICAGO MILWAUKEE sr PAtH ANIgt PACIFle RAILROAD coMPANY

FOR THE YEIIl INUEO tgtECEMIJIW ~11 11)

10 the Stockholdels of Chicago Milwaukee St Pard Itwl lcr6J(I~

Railroad Company

The Board of Directors submits the following report of the operations lJ1d affairs of Chicago Milwaukee St Paul and Pacific Railroad Company for the year ended December 31 1929

The net illcome of the Company after interest on funded debt including 5 interest on Convertible Adjustmont Mortgage Bonds for the year 1929 was $707401445 as compared with n(lt incolno aftor similar dedudions for the period January 14 to DCII1 nbnl 11 Hgt2f of SO2GI9714G 9 decrease of 52187957 Ol Ali -(I(Id ill 1[lI fllIll IWlIllal wport of th0 Complny for 1928 t1lI 1111 ull 101 1 1~lld IIlnrlilll 1llilillflt 011 of 111l[IPIIdionl Wllidl Io(k pllll (l110l 10 111 cllII tIIII 1111111111 (IIIlIIIIlV ItII1I II(lIr~

It(i III II I (111111111011 H 1l~H) 11111 1I1IIrlllIlld 1IlId fllIllIl1lttld 1111

Hllh~ll~ql(IIj (lIl11l(O Idllh 11111111111 III 111 or ~~Il71ITl11II

whioh ill 1I(IOldUlOIl with ~11t IU(lilllldiIW 1111111 III jll IIlIIIlultl CQrnmlllO (~ornnliHgtlioll I1~-1 1I11 d1l1ql1l11 fIIIIII III 1111111111101

the pn-pJ( (~lllIIJItllY alld i IrlllllllIl 1111 luIIIIIIIIIIIII 1111 IIIlH by that arnoulIl

til)

middotf I

CHICAGO MILWAUKEE ST FAUL AND PAOUllO RAIITtOAD OOMFANY 54 CHICAGO MILWAUKEE ST PAUL AND PAGIITO RAILROAD COMPANY

A comparison of the figures eut()illf into the net railway operating income for 1929 with the figulcH for tihe full year 1928 which includes thirteen days of the reccivOlHhlp ill 113 follows

Railway operating revenues fol ln2~l IOltl $171lfil385 as compared with $170554899 for 1928 or ILI1 ilWIlllllll of $~06486

Freight revenue increased $950010 M I~il 1VllllIIC ill~IT~LSed

$651126 of which $237538 was a nl[IOlLllliv( ill(ltj~(1 for tho first seven months of 1928 (Tho totlLl alllouni of lll(IOIWti v(~

mail pay received waS $1421205 of which ~I L~~11I7 1~lliod to the period prior to January 14 1928 and WlUI 1I0~ IlIuJmlod III 1929 income) Express revenue inclenscd $l~I(O(t ll1fllmgcr revenue decreased $1337234 Milk rCVOlIl1 dillll(1111d $205801 Other miscellaneous transpOltation nilllllIt1 dlCIIII~tlnd $Z4831

Number of revenue pos~fnplrM 1lllIi1I 111 IIlJIl WllH 7444431 as against 7497534 fOl Hl2H NlIollIll of rUIHoll~er miles was 572419772 for I02D fLB I~llillll l11(HlJII~ for 1928 Average revenue per PffS0lIftI rIll I U~1l WIlli $21 nH tllIainst $241 for 1928 and the llIIllflill IW1 Iltilt(llIj(N p(II mile for 1929 was 202 cent~ 0lt l~Jl(Ii 11-11 ~~I)ti ](II Lil fnl I H~K

Tbo u(]dillllllli dllill1 ill PI~flHI~nfl(1 lmd milk revenue was due to inJlflfLK11 110101 vltllIitl)lo tloJllltlLilic)n

On MI1(~h I lD2) Illl OXP](~fS operations formerly conducted by tlH~ AIIHlillllu Illtihvl~Y Express Company wore taken over by tbe i~uilwltY 1xplC)i-lS AICllCY Incorporated as agent for 86 railshyrOlLd (~(ltrlPlll1iCH Imlldling approximately 98 of express traffic our CpmpltIlY participating and owning 26 shares out of 1000 shares of stock

Freight revenue for the year 192l amounted to $137176432 as against $136226422 for the year 1928 The average distance haul of freight for ll29 was 252 miles as compared with 259 for 1928 Revenue per ton of r()venue freight for 1929 was $264 1I1 against $273 fl 1928 Freight leV~llUt~ pcrtClll PCI mile for 1lJJll wo~ 1048 mIlls as fl~)lIlBt 1002 mlll~ fo l~28

A tlfurly nl Hl(1 6011lc(H or froight revenue for the year 1929 c()lriplLn~d wil1I H)28 ~h)VH t~hlLt the revenues from Products of Agriclltuw dtl(INLFOd $~181524 01 1303 and tonnage deshycreased 670248 or 817 revenues from Animals and Products decreased $258339 or 171i and tonnage increased 2007 or 08 revenues from Products of Mines increased $1419720 or 687 and tonnage increased 1166262 or 643 rovenues from Products of Forests decreased 3851475 01 4f)4J1o and tonnage decreased 2155501 28 revenues from MIIi1uJHtures and Miscellaneous increased $345379g or 83VJ ILlld tunnage illCclI13ascd 1511981 or 1251 revenues fro III L (~ It fl(igllt IllorOtlSed $373830 or 233 and toullrLlln ill(IIlu~ld lo48S ttlIOfl

The decrease in revenue from lPnl(ltlCtM of Agriculture was general throughout the year n rof(l1ioll of UW8maUcr crops in our territory The greatest rllwltillwl WM ill wheat corn barley and ryo as follows

T0l1UIW11 101 Hcvemw Per Dem(aKI I Id I )nmtIILiC Cent

Wheat 126MH (IO() $1~PmiddotI(H 1531 Corn Barley and ny~

20Gl1711 I 221I7H

11 III ~O 1111

111(1 III liIiH1

llifin bull i(o Iii

All other AgriullHlIl I U(JItl~

modititliil l11IOll II I (11111 7 middot1

Total c bull bull tl70HH H 4 tIllolll2 1~IO1

The increase in Products qf Minc8 Wltfl tIW plillipnlly 10) increased traffic in bituminous coal the revenue of whidl illtlnlulml $1501352 or 1215 and the tons increased 141 J~70 01 HI 21

The decrease in revenue from Products of Forests was dUH principally to the decrcased production of lumber in the states of Vashington and Idaho

The increase in revenue from Manufactures and Miscellaneshyous was due to increased revenues from commodities as follows

Tonnage Per Revenue Per Increase Cent Increase Cent

lrmiddotrol(I1Jn oiltl oJintd ltnd nil (l~h(l KIIHUlilllH bull 273050

hUll IlId Milt1nl piJII 11lId flI 1111111 I) fl II 178HI(

IlOn 1~1l(1 stcd r-ttte4 5tJ1I oltllS in Official Classification n o s 370716

Automobiles and automobile parts 134203

Canned food products n o s 75157 Manufactures and miscelshy

laneous n o s 23G801 Other commoditiCfI 142688

]535

1l2i

2699

2702 1892

1205 244

$832376

70J2fl2

a2(17D5

335234 302837

788550 167711

1147

R~ n2

1211

607 1684

gGO 1 I()

7 6 CHICAGO MlLWAUKEE ST PAUL AND PACIFIC RAIIROAD COMPANY

The operating expenses for 1928 ILnlltlllt~c1 to $125240631 but did not contain charg(~R of $2034 HlJlroplmiddot(fjontinp tr1llsactioDs which on account of tIl( dmnp( of nWlitlnih~p Wllll ehltr~pd back to the prriod plior tn Tanultly 1middot1 H)~R lIIlI oornrmliHOll thore~

fore houlltl 1)( 1~7~71~~~1 ror IOtH with $12HH()()lolUI 101 1929 which fllwWH ILIl iJwnIL~(itl Il~l of $] il(IOm

Hailway tax accruals decreased $51JO522 of which 358808 was due to decrease in federal incom(~ taxes

The rate of return earned on investment in road and equipshyment including material and supplies and cash at the beginning of the year was 358 as compared with 381 for the year 1928 and with 575 fixed by the Interstate COIlunclce Cornmishysion as a fail rate of return ~or the entire Western District the average rate of return for 1929 was 456 as compared with 435 for 1928 For the Northwestern Region in which this Company is grouped the rate of return for HlZ9 was 415 as compared with 404 fol 1928 The deficiency in the fair return for the Western District for 1929 was $128614000 as compared with $1493fl8OOO for W2R fa I the Northwestern Region Siioi73OOO rLl (~ltIupJ1~Id with $liOHI8OOO for 1928 for this (I)l1lfl lLll Y ~Irll~O()()() aN eonlpnl(d with $14521000 for 1928

III It lILlI1lId I(~JlolL fol JOl8 lufoleIlC(~ was made to the apshyph(nl-ioll of 1lw WOI1IOl Trunk Lil(~ elJlilrN to the Interstate COII I II Ifl(1 (lIl1lIiHHion for all illllcafl in dl1HfI rateR The plOshypmlld nnwl hy the Examinels of fhe Commission was promul~

1tIId Oil A1I~~lHi (I 1929 and Lrjument thereon has been heard hy trI11~ (ollLlrJiSSiou It is hoped the final decision will be 9nshyllOllIWCc in the near future The rates in Western Trunk Line terri-tory arc conceded to be unduly low as compared with the rate levels in surrounding groups and a correction of this situatioll in so far as the class rates are concerned will be decidedly helpful to this Company

On December 13 1929 application was tnl1de to tho Interstate CornmQrcc Commission for uuthority to acquire and operate the IIIOpolly Of the Chicago Milw[Lldn~ and Galy Railway Company 111( t)lItiro Hfndlt of which wn~ fl(~qllir(~d in 1922 This application WILH ~IIlllj(d Oil Pr-l1lllltly X 190 and the property will be taken ove for OWllolHbip ~Lud ulnmtioll april 1 1930

CHICAGO middot1ILWAUKEE ST PAUL AND PAClIrO llAlWOAD COMPANY

The operated mileage at the close of Ill y(llU lld 1JIJ() income for the year ended December 31 1929 were IU followH

OPERATED MILEAGJi AT CJ(lHIJ (gt1 YEAR Miles of road bull bullbull 1124783 MiJes of additional main trueka 129543 Miles of yard tracks and sidings bull bullbull 431968

Total Mileago Operated (Pngll 10) If1R0294

(ON ll1N~] I I I II()( 1M III 1 (ll J( II rNT 1~11 rolNlJIH-I IIoIIMIII11t ill 11111

RAILWAY OPEUATINU INClnHl Railway operating revcnueH Rail way operating cxpenses

Net middotoilwlly opell1ting revenue Railwny tax occrlloJs i8 iliI~ill~~I

Uncollectible railway revenltes ]~IjHlll lInllllJOIltl1

Railway operating income 1$ l~R[)J02(11f

Equipmen l ren ts-dchi t balance $ 399530923 Jomt facility rents-debit baluuce 2li2939057 662409980

-----1-----Net ruilway operating income $ 2627432335

Nor OIfnATING INCOMlJ Rents from lease of road $ 33J01821 Rents received-Other 74U48 L63 Dividends on stocks 81168602

I[oll from fuuded Hcclllitie~ i

l()I(1HI 011 hondl nnl nolc~ 8fJ249625 11111111 nil ndVIIIW(11l 10 tdlilinled lompnnics 899786

III(Otrll Injlll 1Ilfnllll( 1((IImiddotilin IIml 1t()COUlltll Illt(UIHI I dlllllallll I(I 1IIII rI d(JpI)Hit~ arld ti Illl

1011111 null (II)llllllliI bullbull bullbull IOi11IOVI1 III Itllnltl (1lI 11lt11111111111111 I 11 ItI I 1llIldll OlIoIJ rII 11I1ml) ()ll hl~lI( I~hlllllm IU~ 1111( MiHonllanoouH intermit 2H()KHIJ

Mis1lCllllnltlOU8 inoome IfiIUIIIl 1(J87150~0

----1------shyNet railway and non operating income $ 3036157415

DEDUCTIONS Rents paid-Leu8e of road $ 110051671 Ronts paid-Other 61348JO Interost on unfunded doh I 2903400 Miscellaneous bull 11100041 l2RfiIiOlIO

NH income before deulIcti(lll fl 111(11(011 flllld()ll dolll

I NIIlIW$I ON FUNDJn nlII (iwd inlcrest headl1) ohI(W~tI11 ( 1111 vmiddotrll hIe ultljustmIIllIIJIOJIIJoIIj1I1 di (tv I111111111 lid

Null 111001111 1111111 l~pIid 10 ~illkin~ IIl1d Ih 111 111111

NIlI IlItllllllll 111III~fqll(jd 10 liIIII1 IlIliI 1

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

ttl ll

~~

~~

~x

Z

~

ttl

ampJ ~

~

~ 1 ~ril I

lI1 8 E-i ~

0t Z

0 ~ iStlP

~fl0 rnPolt A H o ~

rn J rn raquo ~ ~

lt ~ o b E-i ~ lllt rn

jt3 ltI

fl A ~ I

~

~

~ bll III ptl [lCi rn

Pl

0

z

~

0

el Cl

~

ai Ii lshy

~~ - I FT l(

f -

-

I~

g M

~

~

00 Ol

sect 0 l-M

~

I co lt1 Cgt M

sect ~

I-)

1 ~~ lil~ Polt~ ~ aI bull 01 0

-I0OI =UJ bull

Polt E E-i rn~

aI bull 0) Q) bull

cgt 8 r ~ 0

~middotS ~ cr~rftj~tO

~l (~I

- bull

I

~

I

10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

ES ~

8 ~

S ~

t =l ~

~

~

t-lt I gtshy

Z o

~

rj o =l =

5 ~

gtshyo 8 ts ~

Z K

lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

1l1ttM IX1l11r MIV 11 IUPltfl MOHTIMJoII N 1I1101NIIIII NtlW YORK HAHIlY Jo IIYIlAM NI1W YOItWAIIII 1 (Jllit HIII)l1 NII~w VOILIWAI11011 W (0 L1111 N 1lIV 1I1l1(HOWLAND H IlAVtH NIIII 11 FAIRMAN n mol NIW lIll1l FREDERIOK H JWI( Illl NilI 111111 SAMUEL H FISHEU NI1 III DONALD G GEDDES Nil 11JOSHUA GREEN oil 1111MARK W POTTER NltW111LHENRY A SCANDRETT I hlll~tlo

W W 1( SPARROW qUIIAIIIIRODERl T SWAINE N IllY II IlL WILLIAM D VAN DYKE MI II 11111

Elected to vacancy September 12 1929 EJected July 18 1929 in place of George E Roosevelt lei-llw1

EXECUTIVE COMMITTEE HARRY E BYRAM FREDERICK JI ECKER WALTER W COLPITTS SAMUEL H FISHER FAIRMAN R DICK HENRY A SCANDRETT

ROBERT 1 SWAINE

OFFICERS H E DYRAM Chairman of the Board NEW YanK H A ROANDTlETT W W IC IPA [WOW 1 T (JI Lt1 eli H lr Pllmll (JNIH 11 ]A ItLI N(l R I MA ltoN Y R M f)A(JNH

Pr(l~idcnt Vioo PreRidplt ViM PmAillflllt VIlllIIMdClnl VIIIIl Irll~lihlll bull VIM ptllht Illlltllilltl VII ILIIII

i 1 bull bull

CllICAOO CHICAGO CIlICAOO CIII(A(Xgt HIllIJ11Il

NiW Y ( ~lI11IA II

F II JOHNSON L W SPRAlLEN

)1)1l1(1I11 vn lIhIIII IlXllnutivlI AJII~III

( lllltA lit OlllllAllll

H H FIELD OnllCit1I1 (l(JllIlt (JIJAt1U O W DYNES Clilltllllll Hrliiflll (JllltJAlltI

R T SWAINE F H WOOD D C SWATLANJ)

(JUIII1I1 rI flIl 111111111 I lmilllIlll NIIW Ynllil

W V WILSON J DICKIE H CmEENGARD It P ROCIltEFEIJ1Il r G WEIFFENBACIl I W BURTNESS A C lTAGENSIOK I WreLOH O ltllUJlmN n N II AnSlAD (l It IIIHOllin lI I~ rpW]J)I1I I) (1 (lIlltIIR

IV)

__ -_ __tt-~~-~~

THE

SECOND ANNUAL REPORT

OF lit 1

CHICAGO MILWAUKEE sr PAtH ANIgt PACIFle RAILROAD coMPANY

FOR THE YEIIl INUEO tgtECEMIJIW ~11 11)

10 the Stockholdels of Chicago Milwaukee St Pard Itwl lcr6J(I~

Railroad Company

The Board of Directors submits the following report of the operations lJ1d affairs of Chicago Milwaukee St Paul and Pacific Railroad Company for the year ended December 31 1929

The net illcome of the Company after interest on funded debt including 5 interest on Convertible Adjustmont Mortgage Bonds for the year 1929 was $707401445 as compared with n(lt incolno aftor similar dedudions for the period January 14 to DCII1 nbnl 11 Hgt2f of SO2GI9714G 9 decrease of 52187957 Ol Ali -(I(Id ill 1[lI fllIll IWlIllal wport of th0 Complny for 1928 t1lI 1111 ull 101 1 1~lld IIlnrlilll 1llilillflt 011 of 111l[IPIIdionl Wllidl Io(k pllll (l110l 10 111 cllII tIIII 1111111111 (IIIlIIIIlV ItII1I II(lIr~

It(i III II I (111111111011 H 1l~H) 11111 1I1IIrlllIlld 1IlId fllIllIl1lttld 1111

Hllh~ll~ql(IIj (lIl11l(O Idllh 11111111111 III 111 or ~~Il71ITl11II

whioh ill 1I(IOldUlOIl with ~11t IU(lilllldiIW 1111111 III jll IIlIIIlultl CQrnmlllO (~ornnliHgtlioll I1~-1 1I11 d1l1ql1l11 fIIIIII III 1111111111101

the pn-pJ( (~lllIIJItllY alld i IrlllllllIl 1111 luIIIIIIIIIIIII 1111 IIIlH by that arnoulIl

til)

middotf I

CHICAGO MILWAUKEE ST FAUL AND PAOUllO RAIITtOAD OOMFANY 54 CHICAGO MILWAUKEE ST PAUL AND PAGIITO RAILROAD COMPANY

A comparison of the figures eut()illf into the net railway operating income for 1929 with the figulcH for tihe full year 1928 which includes thirteen days of the reccivOlHhlp ill 113 follows

Railway operating revenues fol ln2~l IOltl $171lfil385 as compared with $170554899 for 1928 or ILI1 ilWIlllllll of $~06486

Freight revenue increased $950010 M I~il 1VllllIIC ill~IT~LSed

$651126 of which $237538 was a nl[IOlLllliv( ill(ltj~(1 for tho first seven months of 1928 (Tho totlLl alllouni of lll(IOIWti v(~

mail pay received waS $1421205 of which ~I L~~11I7 1~lliod to the period prior to January 14 1928 and WlUI 1I0~ IlIuJmlod III 1929 income) Express revenue inclenscd $l~I(O(t ll1fllmgcr revenue decreased $1337234 Milk rCVOlIl1 dillll(1111d $205801 Other miscellaneous transpOltation nilllllIt1 dlCIIII~tlnd $Z4831

Number of revenue pos~fnplrM 1lllIi1I 111 IIlJIl WllH 7444431 as against 7497534 fOl Hl2H NlIollIll of rUIHoll~er miles was 572419772 for I02D fLB I~llillll l11(HlJII~ for 1928 Average revenue per PffS0lIftI rIll I U~1l WIlli $21 nH tllIainst $241 for 1928 and the llIIllflill IW1 Iltilt(llIj(N p(II mile for 1929 was 202 cent~ 0lt l~Jl(Ii 11-11 ~~I)ti ](II Lil fnl I H~K

Tbo u(]dillllllli dllill1 ill PI~flHI~nfl(1 lmd milk revenue was due to inJlflfLK11 110101 vltllIitl)lo tloJllltlLilic)n

On MI1(~h I lD2) Illl OXP](~fS operations formerly conducted by tlH~ AIIHlillllu Illtihvl~Y Express Company wore taken over by tbe i~uilwltY 1xplC)i-lS AICllCY Incorporated as agent for 86 railshyrOlLd (~(ltrlPlll1iCH Imlldling approximately 98 of express traffic our CpmpltIlY participating and owning 26 shares out of 1000 shares of stock

Freight revenue for the year 192l amounted to $137176432 as against $136226422 for the year 1928 The average distance haul of freight for ll29 was 252 miles as compared with 259 for 1928 Revenue per ton of r()venue freight for 1929 was $264 1I1 against $273 fl 1928 Freight leV~llUt~ pcrtClll PCI mile for 1lJJll wo~ 1048 mIlls as fl~)lIlBt 1002 mlll~ fo l~28

A tlfurly nl Hl(1 6011lc(H or froight revenue for the year 1929 c()lriplLn~d wil1I H)28 ~h)VH t~hlLt the revenues from Products of Agriclltuw dtl(INLFOd $~181524 01 1303 and tonnage deshycreased 670248 or 817 revenues from Animals and Products decreased $258339 or 171i and tonnage increased 2007 or 08 revenues from Products of Mines increased $1419720 or 687 and tonnage increased 1166262 or 643 rovenues from Products of Forests decreased 3851475 01 4f)4J1o and tonnage decreased 2155501 28 revenues from MIIi1uJHtures and Miscellaneous increased $345379g or 83VJ ILlld tunnage illCclI13ascd 1511981 or 1251 revenues fro III L (~ It fl(igllt IllorOtlSed $373830 or 233 and toullrLlln ill(IIlu~ld lo48S ttlIOfl

The decrease in revenue from lPnl(ltlCtM of Agriculture was general throughout the year n rof(l1ioll of UW8maUcr crops in our territory The greatest rllwltillwl WM ill wheat corn barley and ryo as follows

T0l1UIW11 101 Hcvemw Per Dem(aKI I Id I )nmtIILiC Cent

Wheat 126MH (IO() $1~PmiddotI(H 1531 Corn Barley and ny~

20Gl1711 I 221I7H

11 III ~O 1111

111(1 III liIiH1

llifin bull i(o Iii

All other AgriullHlIl I U(JItl~

modititliil l11IOll II I (11111 7 middot1

Total c bull bull tl70HH H 4 tIllolll2 1~IO1

The increase in Products qf Minc8 Wltfl tIW plillipnlly 10) increased traffic in bituminous coal the revenue of whidl illtlnlulml $1501352 or 1215 and the tons increased 141 J~70 01 HI 21

The decrease in revenue from Products of Forests was dUH principally to the decrcased production of lumber in the states of Vashington and Idaho

The increase in revenue from Manufactures and Miscellaneshyous was due to increased revenues from commodities as follows

Tonnage Per Revenue Per Increase Cent Increase Cent

lrmiddotrol(I1Jn oiltl oJintd ltnd nil (l~h(l KIIHUlilllH bull 273050

hUll IlId Milt1nl piJII 11lId flI 1111111 I) fl II 178HI(

IlOn 1~1l(1 stcd r-ttte4 5tJ1I oltllS in Official Classification n o s 370716

Automobiles and automobile parts 134203

Canned food products n o s 75157 Manufactures and miscelshy

laneous n o s 23G801 Other commoditiCfI 142688

]535

1l2i

2699

2702 1892

1205 244

$832376

70J2fl2

a2(17D5

335234 302837

788550 167711

1147

R~ n2

1211

607 1684

gGO 1 I()

7 6 CHICAGO MlLWAUKEE ST PAUL AND PACIFIC RAIIROAD COMPANY

The operating expenses for 1928 ILnlltlllt~c1 to $125240631 but did not contain charg(~R of $2034 HlJlroplmiddot(fjontinp tr1llsactioDs which on account of tIl( dmnp( of nWlitlnih~p Wllll ehltr~pd back to the prriod plior tn Tanultly 1middot1 H)~R lIIlI oornrmliHOll thore~

fore houlltl 1)( 1~7~71~~~1 ror IOtH with $12HH()()lolUI 101 1929 which fllwWH ILIl iJwnIL~(itl Il~l of $] il(IOm

Hailway tax accruals decreased $51JO522 of which 358808 was due to decrease in federal incom(~ taxes

The rate of return earned on investment in road and equipshyment including material and supplies and cash at the beginning of the year was 358 as compared with 381 for the year 1928 and with 575 fixed by the Interstate COIlunclce Cornmishysion as a fail rate of return ~or the entire Western District the average rate of return for 1929 was 456 as compared with 435 for 1928 For the Northwestern Region in which this Company is grouped the rate of return for HlZ9 was 415 as compared with 404 fol 1928 The deficiency in the fair return for the Western District for 1929 was $128614000 as compared with $1493fl8OOO for W2R fa I the Northwestern Region Siioi73OOO rLl (~ltIupJ1~Id with $liOHI8OOO for 1928 for this (I)l1lfl lLll Y ~Irll~O()()() aN eonlpnl(d with $14521000 for 1928

III It lILlI1lId I(~JlolL fol JOl8 lufoleIlC(~ was made to the apshyph(nl-ioll of 1lw WOI1IOl Trunk Lil(~ elJlilrN to the Interstate COII I II Ifl(1 (lIl1lIiHHion for all illllcafl in dl1HfI rateR The plOshypmlld nnwl hy the Examinels of fhe Commission was promul~

1tIId Oil A1I~~lHi (I 1929 and Lrjument thereon has been heard hy trI11~ (ollLlrJiSSiou It is hoped the final decision will be 9nshyllOllIWCc in the near future The rates in Western Trunk Line terri-tory arc conceded to be unduly low as compared with the rate levels in surrounding groups and a correction of this situatioll in so far as the class rates are concerned will be decidedly helpful to this Company

On December 13 1929 application was tnl1de to tho Interstate CornmQrcc Commission for uuthority to acquire and operate the IIIOpolly Of the Chicago Milw[Lldn~ and Galy Railway Company 111( t)lItiro Hfndlt of which wn~ fl(~qllir(~d in 1922 This application WILH ~IIlllj(d Oil Pr-l1lllltly X 190 and the property will be taken ove for OWllolHbip ~Lud ulnmtioll april 1 1930

CHICAGO middot1ILWAUKEE ST PAUL AND PAClIrO llAlWOAD COMPANY

The operated mileage at the close of Ill y(llU lld 1JIJ() income for the year ended December 31 1929 were IU followH

OPERATED MILEAGJi AT CJ(lHIJ (gt1 YEAR Miles of road bull bullbull 1124783 MiJes of additional main trueka 129543 Miles of yard tracks and sidings bull bullbull 431968

Total Mileago Operated (Pngll 10) If1R0294

(ON ll1N~] I I I II()( 1M III 1 (ll J( II rNT 1~11 rolNlJIH-I IIoIIMIII11t ill 11111

RAILWAY OPEUATINU INClnHl Railway operating revcnueH Rail way operating cxpenses

Net middotoilwlly opell1ting revenue Railwny tax occrlloJs i8 iliI~ill~~I

Uncollectible railway revenltes ]~IjHlll lInllllJOIltl1

Railway operating income 1$ l~R[)J02(11f

Equipmen l ren ts-dchi t balance $ 399530923 Jomt facility rents-debit baluuce 2li2939057 662409980

-----1-----Net ruilway operating income $ 2627432335

Nor OIfnATING INCOMlJ Rents from lease of road $ 33J01821 Rents received-Other 74U48 L63 Dividends on stocks 81168602

I[oll from fuuded Hcclllitie~ i

l()I(1HI 011 hondl nnl nolc~ 8fJ249625 11111111 nil ndVIIIW(11l 10 tdlilinled lompnnics 899786

III(Otrll Injlll 1Ilfnllll( 1((IImiddotilin IIml 1t()COUlltll Illt(UIHI I dlllllallll I(I 1IIII rI d(JpI)Hit~ arld ti Illl

1011111 null (II)llllllliI bullbull bullbull IOi11IOVI1 III Itllnltl (1lI 11lt11111111111111 I 11 ItI I 1llIldll OlIoIJ rII 11I1ml) ()ll hl~lI( I~hlllllm IU~ 1111( MiHonllanoouH intermit 2H()KHIJ

Mis1lCllllnltlOU8 inoome IfiIUIIIl 1(J87150~0

----1------shyNet railway and non operating income $ 3036157415

DEDUCTIONS Rents paid-Leu8e of road $ 110051671 Ronts paid-Other 61348JO Interost on unfunded doh I 2903400 Miscellaneous bull 11100041 l2RfiIiOlIO

NH income before deulIcti(lll fl 111(11(011 flllld()ll dolll

I NIIlIW$I ON FUNDJn nlII (iwd inlcrest headl1) ohI(W~tI11 ( 1111 vmiddotrll hIe ultljustmIIllIIJIOJIIJoIIj1I1 di (tv I111111111 lid

Null 111001111 1111111 l~pIid 10 ~illkin~ IIl1d Ih 111 111111

NIlI IlItllllllll 111III~fqll(jd 10 liIIII1 IlIliI 1

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

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cgt 8 r ~ 0

~middotS ~ cr~rftj~tO

~l (~I

- bull

I

~

I

10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

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Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

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IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

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10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

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OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

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9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

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5 ~

gtshyo 8 ts ~

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

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~

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8 ~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

__ -_ __tt-~~-~~

THE

SECOND ANNUAL REPORT

OF lit 1

CHICAGO MILWAUKEE sr PAtH ANIgt PACIFle RAILROAD coMPANY

FOR THE YEIIl INUEO tgtECEMIJIW ~11 11)

10 the Stockholdels of Chicago Milwaukee St Pard Itwl lcr6J(I~

Railroad Company

The Board of Directors submits the following report of the operations lJ1d affairs of Chicago Milwaukee St Paul and Pacific Railroad Company for the year ended December 31 1929

The net illcome of the Company after interest on funded debt including 5 interest on Convertible Adjustmont Mortgage Bonds for the year 1929 was $707401445 as compared with n(lt incolno aftor similar dedudions for the period January 14 to DCII1 nbnl 11 Hgt2f of SO2GI9714G 9 decrease of 52187957 Ol Ali -(I(Id ill 1[lI fllIll IWlIllal wport of th0 Complny for 1928 t1lI 1111 ull 101 1 1~lld IIlnrlilll 1llilillflt 011 of 111l[IPIIdionl Wllidl Io(k pllll (l110l 10 111 cllII tIIII 1111111111 (IIIlIIIIlV ItII1I II(lIr~

It(i III II I (111111111011 H 1l~H) 11111 1I1IIrlllIlld 1IlId fllIllIl1lttld 1111

Hllh~ll~ql(IIj (lIl11l(O Idllh 11111111111 III 111 or ~~Il71ITl11II

whioh ill 1I(IOldUlOIl with ~11t IU(lilllldiIW 1111111 III jll IIlIIIlultl CQrnmlllO (~ornnliHgtlioll I1~-1 1I11 d1l1ql1l11 fIIIIII III 1111111111101

the pn-pJ( (~lllIIJItllY alld i IrlllllllIl 1111 luIIIIIIIIIIIII 1111 IIIlH by that arnoulIl

til)

middotf I

CHICAGO MILWAUKEE ST FAUL AND PAOUllO RAIITtOAD OOMFANY 54 CHICAGO MILWAUKEE ST PAUL AND PAGIITO RAILROAD COMPANY

A comparison of the figures eut()illf into the net railway operating income for 1929 with the figulcH for tihe full year 1928 which includes thirteen days of the reccivOlHhlp ill 113 follows

Railway operating revenues fol ln2~l IOltl $171lfil385 as compared with $170554899 for 1928 or ILI1 ilWIlllllll of $~06486

Freight revenue increased $950010 M I~il 1VllllIIC ill~IT~LSed

$651126 of which $237538 was a nl[IOlLllliv( ill(ltj~(1 for tho first seven months of 1928 (Tho totlLl alllouni of lll(IOIWti v(~

mail pay received waS $1421205 of which ~I L~~11I7 1~lliod to the period prior to January 14 1928 and WlUI 1I0~ IlIuJmlod III 1929 income) Express revenue inclenscd $l~I(O(t ll1fllmgcr revenue decreased $1337234 Milk rCVOlIl1 dillll(1111d $205801 Other miscellaneous transpOltation nilllllIt1 dlCIIII~tlnd $Z4831

Number of revenue pos~fnplrM 1lllIi1I 111 IIlJIl WllH 7444431 as against 7497534 fOl Hl2H NlIollIll of rUIHoll~er miles was 572419772 for I02D fLB I~llillll l11(HlJII~ for 1928 Average revenue per PffS0lIftI rIll I U~1l WIlli $21 nH tllIainst $241 for 1928 and the llIIllflill IW1 Iltilt(llIj(N p(II mile for 1929 was 202 cent~ 0lt l~Jl(Ii 11-11 ~~I)ti ](II Lil fnl I H~K

Tbo u(]dillllllli dllill1 ill PI~flHI~nfl(1 lmd milk revenue was due to inJlflfLK11 110101 vltllIitl)lo tloJllltlLilic)n

On MI1(~h I lD2) Illl OXP](~fS operations formerly conducted by tlH~ AIIHlillllu Illtihvl~Y Express Company wore taken over by tbe i~uilwltY 1xplC)i-lS AICllCY Incorporated as agent for 86 railshyrOlLd (~(ltrlPlll1iCH Imlldling approximately 98 of express traffic our CpmpltIlY participating and owning 26 shares out of 1000 shares of stock

Freight revenue for the year 192l amounted to $137176432 as against $136226422 for the year 1928 The average distance haul of freight for ll29 was 252 miles as compared with 259 for 1928 Revenue per ton of r()venue freight for 1929 was $264 1I1 against $273 fl 1928 Freight leV~llUt~ pcrtClll PCI mile for 1lJJll wo~ 1048 mIlls as fl~)lIlBt 1002 mlll~ fo l~28

A tlfurly nl Hl(1 6011lc(H or froight revenue for the year 1929 c()lriplLn~d wil1I H)28 ~h)VH t~hlLt the revenues from Products of Agriclltuw dtl(INLFOd $~181524 01 1303 and tonnage deshycreased 670248 or 817 revenues from Animals and Products decreased $258339 or 171i and tonnage increased 2007 or 08 revenues from Products of Mines increased $1419720 or 687 and tonnage increased 1166262 or 643 rovenues from Products of Forests decreased 3851475 01 4f)4J1o and tonnage decreased 2155501 28 revenues from MIIi1uJHtures and Miscellaneous increased $345379g or 83VJ ILlld tunnage illCclI13ascd 1511981 or 1251 revenues fro III L (~ It fl(igllt IllorOtlSed $373830 or 233 and toullrLlln ill(IIlu~ld lo48S ttlIOfl

The decrease in revenue from lPnl(ltlCtM of Agriculture was general throughout the year n rof(l1ioll of UW8maUcr crops in our territory The greatest rllwltillwl WM ill wheat corn barley and ryo as follows

T0l1UIW11 101 Hcvemw Per Dem(aKI I Id I )nmtIILiC Cent

Wheat 126MH (IO() $1~PmiddotI(H 1531 Corn Barley and ny~

20Gl1711 I 221I7H

11 III ~O 1111

111(1 III liIiH1

llifin bull i(o Iii

All other AgriullHlIl I U(JItl~

modititliil l11IOll II I (11111 7 middot1

Total c bull bull tl70HH H 4 tIllolll2 1~IO1

The increase in Products qf Minc8 Wltfl tIW plillipnlly 10) increased traffic in bituminous coal the revenue of whidl illtlnlulml $1501352 or 1215 and the tons increased 141 J~70 01 HI 21

The decrease in revenue from Products of Forests was dUH principally to the decrcased production of lumber in the states of Vashington and Idaho

The increase in revenue from Manufactures and Miscellaneshyous was due to increased revenues from commodities as follows

Tonnage Per Revenue Per Increase Cent Increase Cent

lrmiddotrol(I1Jn oiltl oJintd ltnd nil (l~h(l KIIHUlilllH bull 273050

hUll IlId Milt1nl piJII 11lId flI 1111111 I) fl II 178HI(

IlOn 1~1l(1 stcd r-ttte4 5tJ1I oltllS in Official Classification n o s 370716

Automobiles and automobile parts 134203

Canned food products n o s 75157 Manufactures and miscelshy

laneous n o s 23G801 Other commoditiCfI 142688

]535

1l2i

2699

2702 1892

1205 244

$832376

70J2fl2

a2(17D5

335234 302837

788550 167711

1147

R~ n2

1211

607 1684

gGO 1 I()

7 6 CHICAGO MlLWAUKEE ST PAUL AND PACIFIC RAIIROAD COMPANY

The operating expenses for 1928 ILnlltlllt~c1 to $125240631 but did not contain charg(~R of $2034 HlJlroplmiddot(fjontinp tr1llsactioDs which on account of tIl( dmnp( of nWlitlnih~p Wllll ehltr~pd back to the prriod plior tn Tanultly 1middot1 H)~R lIIlI oornrmliHOll thore~

fore houlltl 1)( 1~7~71~~~1 ror IOtH with $12HH()()lolUI 101 1929 which fllwWH ILIl iJwnIL~(itl Il~l of $] il(IOm

Hailway tax accruals decreased $51JO522 of which 358808 was due to decrease in federal incom(~ taxes

The rate of return earned on investment in road and equipshyment including material and supplies and cash at the beginning of the year was 358 as compared with 381 for the year 1928 and with 575 fixed by the Interstate COIlunclce Cornmishysion as a fail rate of return ~or the entire Western District the average rate of return for 1929 was 456 as compared with 435 for 1928 For the Northwestern Region in which this Company is grouped the rate of return for HlZ9 was 415 as compared with 404 fol 1928 The deficiency in the fair return for the Western District for 1929 was $128614000 as compared with $1493fl8OOO for W2R fa I the Northwestern Region Siioi73OOO rLl (~ltIupJ1~Id with $liOHI8OOO for 1928 for this (I)l1lfl lLll Y ~Irll~O()()() aN eonlpnl(d with $14521000 for 1928

III It lILlI1lId I(~JlolL fol JOl8 lufoleIlC(~ was made to the apshyph(nl-ioll of 1lw WOI1IOl Trunk Lil(~ elJlilrN to the Interstate COII I II Ifl(1 (lIl1lIiHHion for all illllcafl in dl1HfI rateR The plOshypmlld nnwl hy the Examinels of fhe Commission was promul~

1tIId Oil A1I~~lHi (I 1929 and Lrjument thereon has been heard hy trI11~ (ollLlrJiSSiou It is hoped the final decision will be 9nshyllOllIWCc in the near future The rates in Western Trunk Line terri-tory arc conceded to be unduly low as compared with the rate levels in surrounding groups and a correction of this situatioll in so far as the class rates are concerned will be decidedly helpful to this Company

On December 13 1929 application was tnl1de to tho Interstate CornmQrcc Commission for uuthority to acquire and operate the IIIOpolly Of the Chicago Milw[Lldn~ and Galy Railway Company 111( t)lItiro Hfndlt of which wn~ fl(~qllir(~d in 1922 This application WILH ~IIlllj(d Oil Pr-l1lllltly X 190 and the property will be taken ove for OWllolHbip ~Lud ulnmtioll april 1 1930

CHICAGO middot1ILWAUKEE ST PAUL AND PAClIrO llAlWOAD COMPANY

The operated mileage at the close of Ill y(llU lld 1JIJ() income for the year ended December 31 1929 were IU followH

OPERATED MILEAGJi AT CJ(lHIJ (gt1 YEAR Miles of road bull bullbull 1124783 MiJes of additional main trueka 129543 Miles of yard tracks and sidings bull bullbull 431968

Total Mileago Operated (Pngll 10) If1R0294

(ON ll1N~] I I I II()( 1M III 1 (ll J( II rNT 1~11 rolNlJIH-I IIoIIMIII11t ill 11111

RAILWAY OPEUATINU INClnHl Railway operating revcnueH Rail way operating cxpenses

Net middotoilwlly opell1ting revenue Railwny tax occrlloJs i8 iliI~ill~~I

Uncollectible railway revenltes ]~IjHlll lInllllJOIltl1

Railway operating income 1$ l~R[)J02(11f

Equipmen l ren ts-dchi t balance $ 399530923 Jomt facility rents-debit baluuce 2li2939057 662409980

-----1-----Net ruilway operating income $ 2627432335

Nor OIfnATING INCOMlJ Rents from lease of road $ 33J01821 Rents received-Other 74U48 L63 Dividends on stocks 81168602

I[oll from fuuded Hcclllitie~ i

l()I(1HI 011 hondl nnl nolc~ 8fJ249625 11111111 nil ndVIIIW(11l 10 tdlilinled lompnnics 899786

III(Otrll Injlll 1Ilfnllll( 1((IImiddotilin IIml 1t()COUlltll Illt(UIHI I dlllllallll I(I 1IIII rI d(JpI)Hit~ arld ti Illl

1011111 null (II)llllllliI bullbull bullbull IOi11IOVI1 III Itllnltl (1lI 11lt11111111111111 I 11 ItI I 1llIldll OlIoIJ rII 11I1ml) ()ll hl~lI( I~hlllllm IU~ 1111( MiHonllanoouH intermit 2H()KHIJ

Mis1lCllllnltlOU8 inoome IfiIUIIIl 1(J87150~0

----1------shyNet railway and non operating income $ 3036157415

DEDUCTIONS Rents paid-Leu8e of road $ 110051671 Ronts paid-Other 61348JO Interost on unfunded doh I 2903400 Miscellaneous bull 11100041 l2RfiIiOlIO

NH income before deulIcti(lll fl 111(11(011 flllld()ll dolll

I NIIlIW$I ON FUNDJn nlII (iwd inlcrest headl1) ohI(W~tI11 ( 1111 vmiddotrll hIe ultljustmIIllIIJIOJIIJoIIj1I1 di (tv I111111111 lid

Null 111001111 1111111 l~pIid 10 ~illkin~ IIl1d Ih 111 111111

NIlI IlItllllllll 111III~fqll(jd 10 liIIII1 IlIliI 1

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

ttl ll

~~

~~

~x

Z

~

ttl

ampJ ~

~

~ 1 ~ril I

lI1 8 E-i ~

0t Z

0 ~ iStlP

~fl0 rnPolt A H o ~

rn J rn raquo ~ ~

lt ~ o b E-i ~ lllt rn

jt3 ltI

fl A ~ I

~

~

~ bll III ptl [lCi rn

Pl

0

z

~

0

el Cl

~

ai Ii lshy

~~ - I FT l(

f -

-

I~

g M

~

~

00 Ol

sect 0 l-M

~

I co lt1 Cgt M

sect ~

I-)

1 ~~ lil~ Polt~ ~ aI bull 01 0

-I0OI =UJ bull

Polt E E-i rn~

aI bull 0) Q) bull

cgt 8 r ~ 0

~middotS ~ cr~rftj~tO

~l (~I

- bull

I

~

I

10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

i tshyo~

f3 M iY)~

~ c g C lt0 o~

toshy

~

~

sect lshy

a

I ~

I -lt I 5

~~

FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

ifgt ~

~

cgt 0-1

0 OJ

t

sect

gOl 0-1

fl

Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

Rl70oOOon

sect Eolt gt-J PledRed

Milwalkec and NortholH R R Co Fi l~ 1 M IK fIll ~

~

reg

~

I

11

11o ~ ltgt

Ibull

n ~ ~

0ltlI ~

~1IImiddot11I11111l()

islttOllinI~)no

20UOOll

1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

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SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

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IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

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__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

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10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

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gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

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RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

middotf I

CHICAGO MILWAUKEE ST FAUL AND PAOUllO RAIITtOAD OOMFANY 54 CHICAGO MILWAUKEE ST PAUL AND PAGIITO RAILROAD COMPANY

A comparison of the figures eut()illf into the net railway operating income for 1929 with the figulcH for tihe full year 1928 which includes thirteen days of the reccivOlHhlp ill 113 follows

Railway operating revenues fol ln2~l IOltl $171lfil385 as compared with $170554899 for 1928 or ILI1 ilWIlllllll of $~06486

Freight revenue increased $950010 M I~il 1VllllIIC ill~IT~LSed

$651126 of which $237538 was a nl[IOlLllliv( ill(ltj~(1 for tho first seven months of 1928 (Tho totlLl alllouni of lll(IOIWti v(~

mail pay received waS $1421205 of which ~I L~~11I7 1~lliod to the period prior to January 14 1928 and WlUI 1I0~ IlIuJmlod III 1929 income) Express revenue inclenscd $l~I(O(t ll1fllmgcr revenue decreased $1337234 Milk rCVOlIl1 dillll(1111d $205801 Other miscellaneous transpOltation nilllllIt1 dlCIIII~tlnd $Z4831

Number of revenue pos~fnplrM 1lllIi1I 111 IIlJIl WllH 7444431 as against 7497534 fOl Hl2H NlIollIll of rUIHoll~er miles was 572419772 for I02D fLB I~llillll l11(HlJII~ for 1928 Average revenue per PffS0lIftI rIll I U~1l WIlli $21 nH tllIainst $241 for 1928 and the llIIllflill IW1 Iltilt(llIj(N p(II mile for 1929 was 202 cent~ 0lt l~Jl(Ii 11-11 ~~I)ti ](II Lil fnl I H~K

Tbo u(]dillllllli dllill1 ill PI~flHI~nfl(1 lmd milk revenue was due to inJlflfLK11 110101 vltllIitl)lo tloJllltlLilic)n

On MI1(~h I lD2) Illl OXP](~fS operations formerly conducted by tlH~ AIIHlillllu Illtihvl~Y Express Company wore taken over by tbe i~uilwltY 1xplC)i-lS AICllCY Incorporated as agent for 86 railshyrOlLd (~(ltrlPlll1iCH Imlldling approximately 98 of express traffic our CpmpltIlY participating and owning 26 shares out of 1000 shares of stock

Freight revenue for the year 192l amounted to $137176432 as against $136226422 for the year 1928 The average distance haul of freight for ll29 was 252 miles as compared with 259 for 1928 Revenue per ton of r()venue freight for 1929 was $264 1I1 against $273 fl 1928 Freight leV~llUt~ pcrtClll PCI mile for 1lJJll wo~ 1048 mIlls as fl~)lIlBt 1002 mlll~ fo l~28

A tlfurly nl Hl(1 6011lc(H or froight revenue for the year 1929 c()lriplLn~d wil1I H)28 ~h)VH t~hlLt the revenues from Products of Agriclltuw dtl(INLFOd $~181524 01 1303 and tonnage deshycreased 670248 or 817 revenues from Animals and Products decreased $258339 or 171i and tonnage increased 2007 or 08 revenues from Products of Mines increased $1419720 or 687 and tonnage increased 1166262 or 643 rovenues from Products of Forests decreased 3851475 01 4f)4J1o and tonnage decreased 2155501 28 revenues from MIIi1uJHtures and Miscellaneous increased $345379g or 83VJ ILlld tunnage illCclI13ascd 1511981 or 1251 revenues fro III L (~ It fl(igllt IllorOtlSed $373830 or 233 and toullrLlln ill(IIlu~ld lo48S ttlIOfl

The decrease in revenue from lPnl(ltlCtM of Agriculture was general throughout the year n rof(l1ioll of UW8maUcr crops in our territory The greatest rllwltillwl WM ill wheat corn barley and ryo as follows

T0l1UIW11 101 Hcvemw Per Dem(aKI I Id I )nmtIILiC Cent

Wheat 126MH (IO() $1~PmiddotI(H 1531 Corn Barley and ny~

20Gl1711 I 221I7H

11 III ~O 1111

111(1 III liIiH1

llifin bull i(o Iii

All other AgriullHlIl I U(JItl~

modititliil l11IOll II I (11111 7 middot1

Total c bull bull tl70HH H 4 tIllolll2 1~IO1

The increase in Products qf Minc8 Wltfl tIW plillipnlly 10) increased traffic in bituminous coal the revenue of whidl illtlnlulml $1501352 or 1215 and the tons increased 141 J~70 01 HI 21

The decrease in revenue from Products of Forests was dUH principally to the decrcased production of lumber in the states of Vashington and Idaho

The increase in revenue from Manufactures and Miscellaneshyous was due to increased revenues from commodities as follows

Tonnage Per Revenue Per Increase Cent Increase Cent

lrmiddotrol(I1Jn oiltl oJintd ltnd nil (l~h(l KIIHUlilllH bull 273050

hUll IlId Milt1nl piJII 11lId flI 1111111 I) fl II 178HI(

IlOn 1~1l(1 stcd r-ttte4 5tJ1I oltllS in Official Classification n o s 370716

Automobiles and automobile parts 134203

Canned food products n o s 75157 Manufactures and miscelshy

laneous n o s 23G801 Other commoditiCfI 142688

]535

1l2i

2699

2702 1892

1205 244

$832376

70J2fl2

a2(17D5

335234 302837

788550 167711

1147

R~ n2

1211

607 1684

gGO 1 I()

7 6 CHICAGO MlLWAUKEE ST PAUL AND PACIFIC RAIIROAD COMPANY

The operating expenses for 1928 ILnlltlllt~c1 to $125240631 but did not contain charg(~R of $2034 HlJlroplmiddot(fjontinp tr1llsactioDs which on account of tIl( dmnp( of nWlitlnih~p Wllll ehltr~pd back to the prriod plior tn Tanultly 1middot1 H)~R lIIlI oornrmliHOll thore~

fore houlltl 1)( 1~7~71~~~1 ror IOtH with $12HH()()lolUI 101 1929 which fllwWH ILIl iJwnIL~(itl Il~l of $] il(IOm

Hailway tax accruals decreased $51JO522 of which 358808 was due to decrease in federal incom(~ taxes

The rate of return earned on investment in road and equipshyment including material and supplies and cash at the beginning of the year was 358 as compared with 381 for the year 1928 and with 575 fixed by the Interstate COIlunclce Cornmishysion as a fail rate of return ~or the entire Western District the average rate of return for 1929 was 456 as compared with 435 for 1928 For the Northwestern Region in which this Company is grouped the rate of return for HlZ9 was 415 as compared with 404 fol 1928 The deficiency in the fair return for the Western District for 1929 was $128614000 as compared with $1493fl8OOO for W2R fa I the Northwestern Region Siioi73OOO rLl (~ltIupJ1~Id with $liOHI8OOO for 1928 for this (I)l1lfl lLll Y ~Irll~O()()() aN eonlpnl(d with $14521000 for 1928

III It lILlI1lId I(~JlolL fol JOl8 lufoleIlC(~ was made to the apshyph(nl-ioll of 1lw WOI1IOl Trunk Lil(~ elJlilrN to the Interstate COII I II Ifl(1 (lIl1lIiHHion for all illllcafl in dl1HfI rateR The plOshypmlld nnwl hy the Examinels of fhe Commission was promul~

1tIId Oil A1I~~lHi (I 1929 and Lrjument thereon has been heard hy trI11~ (ollLlrJiSSiou It is hoped the final decision will be 9nshyllOllIWCc in the near future The rates in Western Trunk Line terri-tory arc conceded to be unduly low as compared with the rate levels in surrounding groups and a correction of this situatioll in so far as the class rates are concerned will be decidedly helpful to this Company

On December 13 1929 application was tnl1de to tho Interstate CornmQrcc Commission for uuthority to acquire and operate the IIIOpolly Of the Chicago Milw[Lldn~ and Galy Railway Company 111( t)lItiro Hfndlt of which wn~ fl(~qllir(~d in 1922 This application WILH ~IIlllj(d Oil Pr-l1lllltly X 190 and the property will be taken ove for OWllolHbip ~Lud ulnmtioll april 1 1930

CHICAGO middot1ILWAUKEE ST PAUL AND PAClIrO llAlWOAD COMPANY

The operated mileage at the close of Ill y(llU lld 1JIJ() income for the year ended December 31 1929 were IU followH

OPERATED MILEAGJi AT CJ(lHIJ (gt1 YEAR Miles of road bull bullbull 1124783 MiJes of additional main trueka 129543 Miles of yard tracks and sidings bull bullbull 431968

Total Mileago Operated (Pngll 10) If1R0294

(ON ll1N~] I I I II()( 1M III 1 (ll J( II rNT 1~11 rolNlJIH-I IIoIIMIII11t ill 11111

RAILWAY OPEUATINU INClnHl Railway operating revcnueH Rail way operating cxpenses

Net middotoilwlly opell1ting revenue Railwny tax occrlloJs i8 iliI~ill~~I

Uncollectible railway revenltes ]~IjHlll lInllllJOIltl1

Railway operating income 1$ l~R[)J02(11f

Equipmen l ren ts-dchi t balance $ 399530923 Jomt facility rents-debit baluuce 2li2939057 662409980

-----1-----Net ruilway operating income $ 2627432335

Nor OIfnATING INCOMlJ Rents from lease of road $ 33J01821 Rents received-Other 74U48 L63 Dividends on stocks 81168602

I[oll from fuuded Hcclllitie~ i

l()I(1HI 011 hondl nnl nolc~ 8fJ249625 11111111 nil ndVIIIW(11l 10 tdlilinled lompnnics 899786

III(Otrll Injlll 1Ilfnllll( 1((IImiddotilin IIml 1t()COUlltll Illt(UIHI I dlllllallll I(I 1IIII rI d(JpI)Hit~ arld ti Illl

1011111 null (II)llllllliI bullbull bullbull IOi11IOVI1 III Itllnltl (1lI 11lt11111111111111 I 11 ItI I 1llIldll OlIoIJ rII 11I1ml) ()ll hl~lI( I~hlllllm IU~ 1111( MiHonllanoouH intermit 2H()KHIJ

Mis1lCllllnltlOU8 inoome IfiIUIIIl 1(J87150~0

----1------shyNet railway and non operating income $ 3036157415

DEDUCTIONS Rents paid-Leu8e of road $ 110051671 Ronts paid-Other 61348JO Interost on unfunded doh I 2903400 Miscellaneous bull 11100041 l2RfiIiOlIO

NH income before deulIcti(lll fl 111(11(011 flllld()ll dolll

I NIIlIW$I ON FUNDJn nlII (iwd inlcrest headl1) ohI(W~tI11 ( 1111 vmiddotrll hIe ultljustmIIllIIJIOJIIJoIIj1I1 di (tv I111111111 lid

Null 111001111 1111111 l~pIid 10 ~illkin~ IIl1d Ih 111 111111

NIlI IlItllllllll 111III~fqll(jd 10 liIIII1 IlIliI 1

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

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10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

tlllIlIlIIOlII~l

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11I~i~JjlO()ll

HIlUI71l000

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

ES ~

8 ~

S ~

t =l ~

~

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Z o

~

rj o =l =

5 ~

gtshyo 8 ts ~

Z K

lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

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15 ~

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d

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d

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o lO gt

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8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

7 6 CHICAGO MlLWAUKEE ST PAUL AND PACIFIC RAIIROAD COMPANY

The operating expenses for 1928 ILnlltlllt~c1 to $125240631 but did not contain charg(~R of $2034 HlJlroplmiddot(fjontinp tr1llsactioDs which on account of tIl( dmnp( of nWlitlnih~p Wllll ehltr~pd back to the prriod plior tn Tanultly 1middot1 H)~R lIIlI oornrmliHOll thore~

fore houlltl 1)( 1~7~71~~~1 ror IOtH with $12HH()()lolUI 101 1929 which fllwWH ILIl iJwnIL~(itl Il~l of $] il(IOm

Hailway tax accruals decreased $51JO522 of which 358808 was due to decrease in federal incom(~ taxes

The rate of return earned on investment in road and equipshyment including material and supplies and cash at the beginning of the year was 358 as compared with 381 for the year 1928 and with 575 fixed by the Interstate COIlunclce Cornmishysion as a fail rate of return ~or the entire Western District the average rate of return for 1929 was 456 as compared with 435 for 1928 For the Northwestern Region in which this Company is grouped the rate of return for HlZ9 was 415 as compared with 404 fol 1928 The deficiency in the fair return for the Western District for 1929 was $128614000 as compared with $1493fl8OOO for W2R fa I the Northwestern Region Siioi73OOO rLl (~ltIupJ1~Id with $liOHI8OOO for 1928 for this (I)l1lfl lLll Y ~Irll~O()()() aN eonlpnl(d with $14521000 for 1928

III It lILlI1lId I(~JlolL fol JOl8 lufoleIlC(~ was made to the apshyph(nl-ioll of 1lw WOI1IOl Trunk Lil(~ elJlilrN to the Interstate COII I II Ifl(1 (lIl1lIiHHion for all illllcafl in dl1HfI rateR The plOshypmlld nnwl hy the Examinels of fhe Commission was promul~

1tIId Oil A1I~~lHi (I 1929 and Lrjument thereon has been heard hy trI11~ (ollLlrJiSSiou It is hoped the final decision will be 9nshyllOllIWCc in the near future The rates in Western Trunk Line terri-tory arc conceded to be unduly low as compared with the rate levels in surrounding groups and a correction of this situatioll in so far as the class rates are concerned will be decidedly helpful to this Company

On December 13 1929 application was tnl1de to tho Interstate CornmQrcc Commission for uuthority to acquire and operate the IIIOpolly Of the Chicago Milw[Lldn~ and Galy Railway Company 111( t)lItiro Hfndlt of which wn~ fl(~qllir(~d in 1922 This application WILH ~IIlllj(d Oil Pr-l1lllltly X 190 and the property will be taken ove for OWllolHbip ~Lud ulnmtioll april 1 1930

CHICAGO middot1ILWAUKEE ST PAUL AND PAClIrO llAlWOAD COMPANY

The operated mileage at the close of Ill y(llU lld 1JIJ() income for the year ended December 31 1929 were IU followH

OPERATED MILEAGJi AT CJ(lHIJ (gt1 YEAR Miles of road bull bullbull 1124783 MiJes of additional main trueka 129543 Miles of yard tracks and sidings bull bullbull 431968

Total Mileago Operated (Pngll 10) If1R0294

(ON ll1N~] I I I II()( 1M III 1 (ll J( II rNT 1~11 rolNlJIH-I IIoIIMIII11t ill 11111

RAILWAY OPEUATINU INClnHl Railway operating revcnueH Rail way operating cxpenses

Net middotoilwlly opell1ting revenue Railwny tax occrlloJs i8 iliI~ill~~I

Uncollectible railway revenltes ]~IjHlll lInllllJOIltl1

Railway operating income 1$ l~R[)J02(11f

Equipmen l ren ts-dchi t balance $ 399530923 Jomt facility rents-debit baluuce 2li2939057 662409980

-----1-----Net ruilway operating income $ 2627432335

Nor OIfnATING INCOMlJ Rents from lease of road $ 33J01821 Rents received-Other 74U48 L63 Dividends on stocks 81168602

I[oll from fuuded Hcclllitie~ i

l()I(1HI 011 hondl nnl nolc~ 8fJ249625 11111111 nil ndVIIIW(11l 10 tdlilinled lompnnics 899786

III(Otrll Injlll 1Ilfnllll( 1((IImiddotilin IIml 1t()COUlltll Illt(UIHI I dlllllallll I(I 1IIII rI d(JpI)Hit~ arld ti Illl

1011111 null (II)llllllliI bullbull bullbull IOi11IOVI1 III Itllnltl (1lI 11lt11111111111111 I 11 ItI I 1llIldll OlIoIJ rII 11I1ml) ()ll hl~lI( I~hlllllm IU~ 1111( MiHonllanoouH intermit 2H()KHIJ

Mis1lCllllnltlOU8 inoome IfiIUIIIl 1(J87150~0

----1------shyNet railway and non operating income $ 3036157415

DEDUCTIONS Rents paid-Leu8e of road $ 110051671 Ronts paid-Other 61348JO Interost on unfunded doh I 2903400 Miscellaneous bull 11100041 l2RfiIiOlIO

NH income before deulIcti(lll fl 111(11(011 flllld()ll dolll

I NIIlIW$I ON FUNDJn nlII (iwd inlcrest headl1) ohI(W~tI11 ( 1111 vmiddotrll hIe ultljustmIIllIIJIOJIIJoIIj1I1 di (tv I111111111 lid

Null 111001111 1111111 l~pIid 10 ~illkin~ IIl1d Ih 111 111111

NIlI IlItllllllll 111III~fqll(jd 10 liIIII1 IlIliI 1

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

ttl ll

~~

~~

~x

Z

~

ttl

ampJ ~

~

~ 1 ~ril I

lI1 8 E-i ~

0t Z

0 ~ iStlP

~fl0 rnPolt A H o ~

rn J rn raquo ~ ~

lt ~ o b E-i ~ lllt rn

jt3 ltI

fl A ~ I

~

~

~ bll III ptl [lCi rn

Pl

0

z

~

0

el Cl

~

ai Ii lshy

~~ - I FT l(

f -

-

I~

g M

~

~

00 Ol

sect 0 l-M

~

I co lt1 Cgt M

sect ~

I-)

1 ~~ lil~ Polt~ ~ aI bull 01 0

-I0OI =UJ bull

Polt E E-i rn~

aI bull 0) Q) bull

cgt 8 r ~ 0

~middotS ~ cr~rftj~tO

~l (~I

- bull

I

~

I

10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

ES ~

8 ~

S ~

t =l ~

~

~

t-lt I gtshy

Z o

~

rj o =l =

5 ~

gtshyo 8 ts ~

Z K

lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

-- ---

9 CHICAGO MILWAUKEE ST PAUL AND PACIFlU RAILROAD COMPANY 8 CHIOAGO MILWAUKEE ST PAUL AND pACIFro RAILROAD COMPANY

CAPITAL STOCK

On December 31 1928 the share capitltl of Mil ( ~(lHIPIU1Y conshysisted of 1191750 shares of Preferred Stock pill ILllw $10000 per Sh111C and 1174060 shares of Common -tpdt willhout par

value

Preferred Stock has been increased 638 shlHes iHiWl(d ill payshymcnt of unsecured claims against Chicago Ml1WIlUk-I 11011lt1 -11 Paul Railway Company

The Capital Stock outstandinp ltfl of DOIIJIllI fl l J I~12U was as follows

Prefelled Stock 11 0ZlkH I-hlll(II $11023880000 Common Stock lJ7I((l() Hlmlllll (No par value)

FIlNI)))) IfrJ3l

011 ])elw IllIcII ~ I aI J IIIW 111111 kmiddot II IIIrt ou tstanding j n the hands of the publi( 1Io1llfllllltlid ((I MlIH2~7B9 as compared with $459378280011 Dlllt)(11IILtIl rl I 111~H or an increase of $4444500 cxplnj lied 11~ fOlJlIWH j

1llT vuhw or 11lJllipllllIllL TIIUt (rJlli(~at(~

1j1yo Rt1ril-l I itiHl()t1I~lld IlIth) $8370000

Less-Principal amount of Eqll l)l II 1lt11 t j11I~1

Notes maturing durin- tlJ( yltillr lind paid $11)81[gt00

Bellingham Bay amp British COIUllibill Rnilroad Co 5 bonds purchased fot Sinking Fund 36000 3D25500

$4Hmiddot11500

ttl ll

~~

~~

~x

Z

~

ttl

ampJ ~

~

~ 1 ~ril I

lI1 8 E-i ~

0t Z

0 ~ iStlP

~fl0 rnPolt A H o ~

rn J rn raquo ~ ~

lt ~ o b E-i ~ lllt rn

jt3 ltI

fl A ~ I

~

~

~ bll III ptl [lCi rn

Pl

0

z

~

0

el Cl

~

ai Ii lshy

~~ - I FT l(

f -

-

I~

g M

~

~

00 Ol

sect 0 l-M

~

I co lt1 Cgt M

sect ~

I-)

1 ~~ lil~ Polt~ ~ aI bull 01 0

-I0OI =UJ bull

Polt E E-i rn~

aI bull 0) Q) bull

cgt 8 r ~ 0

~middotS ~ cr~rftj~tO

~l (~I

- bull

I

~

I

10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

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CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

lOO()()O(l

600000

aHIII1l00OO

f-lt p) iJI ~

c A

sect C -

B

cl

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sect o 8 lt

~ ] ~ f~ ]

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if)

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

tlllIlIlIIOlII~l

1IIWIIWMIIIll

11I~i~JjlO()ll

HIlUI71l000

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

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~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

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2 Z K

ES ~

8 ~

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5 ~

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RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

10 CHICAGO MILWAUKEE ST PAUL AND IACIlilC RAILROAD COMPANY

TREASURY BONDS

At the close of the year ended Decembor 31 1020 there wero iu the Treasury of the Company or pledged bonds to the llomount of $2627600000

Composed of tho following

C M amp Hf P ny Co GOllorlL) Mortgulo BOlld~-H(Ilnll n n) Pledged lIIHIIll [Ill I Vim 0 1hlIb Moll~IIf(I

Bonds SllClllily 00101 J1II111 ll( 11111 11L111I or r~tirhlll)lIt Jllly I 11l1I r wltll1h $3000 rrin(ipld ILllIOUIlI 1 lillI pllI BOIteJ 118 of nll~tlld H 11 1l~ll liOO(lU()()()fO

In Trol1sury-lIl1pllld( bullbull IIMIO()()OU S21i153OOOOO

Q M amp f~t P ny (lu lt111 l1ltrf(III(I Ilolldll HlllI1 1 I III TIllllIl1lV IJrqhlllwlI( 76900000

MIlWllIlWll - Nurthllln H It C iilMt MOltshy~ILIlt middot1~yJ 1Ilt)(ItI

11Ilt1K1 uuclor FilHt lind Refunding Mortgage 3800000

Milwllukee amp Nortbern R R Co Consolidated Mortgage 4 Bonds

Pledged under First and Refunding Mortgage 2000000

Bellingham Bay amp British Columhia Il Il Co 5 Bonds hllld for Sinking Fund

III TIolllIry-Unplctl~cd 600000

Tilt III $2627600000

CHICAGO MILWAUKEE ST PAUL AND PAC-IllIG RAILROAD COMPANY 11

ADDITIONS AND BETTERMENTS EQUIPMENT

During the year the Board of Directors authorized the purshychase of the following equipment 1700 automobile curs 500 single deck stock cars 150 double deck stock cars 1000 ballast cars 1000 gondola cars 600 ore cars 500 flat cars 15 passenger locomotives 2 gas-electric switch engines 2 self-propelled steam combination mail and express cars 9 locomotive cranes 1 locoshymotive ditcher 2 ballast dressing machines lIntl3 cOlllpllny flrvshyice units und authori7ed the rollKkl(dioH in 1(lllIPlLIIV 1111(11111 I 15 rahooses 10 mail npal(lIlf11lf 111111 1 middot1 Il111111 liIIIIIIII I tll1ll1pnllY Aorvct t1n nIl I hdIIlHI npl(I~d(f

AU III dill llqL~iplIl(lll IllIti Illll1l lll(olvml III IllIlllllIIlHInil with tilw mlrplillll Ill ~ Imlhtl1f lalH 1000 (lIllllllhl Oil Ill 100 lllI llltl 11 PU~IJl~(W 10elllllTlivoa 2 PltlHJh(~liQ MWI hllh flIpJlIn~l IlIld I tl1ll l)-Wpolkcf sleU1l combination mail and QXPIIIHli 111101 wldldl will 1 ddivered in the emly part of 1930 Of the (jO() nrll 11IWtI 1111111111111111 317 were for replacement of vacancies in equipJHOIlt lIwI4lI (l I H amp S E Ry Co mortgages

During the year 11 compound saturated steam Ivlall(h 1()(Il~

motives were reconstructed and converted to simple supCllIellle-d articulated locomotives This conversion increases their tractive power from 70000 to 83000 pounds each improves their operatshying efficiency enables them to be run at higher speeds and reshyduces their cost of maintenance

Two standard steel sleeping cars were converted to cafe coaches and one standard steel sleeping car IVas converted to a bwinf~s cnl Steel underframes were applied to 20 express cars and 1 eOl1ches

Lbo lio-OJO l~rmH tUl1il of IllW 11Iil 1HIlyiIlJ-( ill wOI)llil fllin 100 to

10 )HI11ndH wum IIlid in Illllin ((11(](101 loplnoilll(lIIi1 Ill 1w ~lnlll(

01 lighicr wuight V7 glOHi bOIlfl of II(~W UO l()llId mil wow llid ill maill tlltcks replacing rail of the same weight 504HJ gr()Hil totiH or gt0cond hand rail ranging in weight from 50 to 100 pOlliltlS raquocre relaid in main tracks replacing rail of the same or lighter veight 167 gross tons of 00 pound and 100 pound new rail were laid in yard and side tracks) replacing rail of the same or lighter weight and 13106 gross tons of second hand rail ranging in weight from 56 to 100 pounds were relaid in yard and side tracks replacing rail of the same or lighter weight Of the above 68 gross tons or llrw 100 pound rail were laid and 8086 gross tons of f(~rnn l1lllId raj1 were relaid in main tracks and 872 gross tom of tnelJlld lmlld Inil W(jIC relaid in yard and side tracks on (Iw (~irilr lIIIIl I [1L1ll1~

amp South Eastern Railway

BJUDflms TRESTLES ANn ()11NIJIII1lII

During the year ~~iO IH IhlllI1 Inllil III [ifIll dlmll 1I111IIllI11I1 Iinllol bridges welf~ lltlplnulIl 111 1011111 IHlll HllInl Itlfl~ wllh 11111111 H~IllOtllres ItloO lilllld 11111 WIth 1IIIIIIInmiddotlll 11111 lll II 1 ~HIiIi

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

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CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

lOO()()O(l

600000

aHIII1l00OO

f-lt p) iJI ~

c A

sect C -

B

cl

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sect o 8 lt

~ ] ~ f~ ]

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if)

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

tlllIlIlIIOlII~l

1IIWIIWMIIIll

11I~i~JjlO()ll

HIlUI71l000

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

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~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

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2 Z K

ES ~

8 ~

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5 ~

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RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

~

I

12 CHICAGO MILWAUKEE ST PAUL AN DlAtJ t Ie RA lLlWAD COMPANY

lilleal feet with creosoted timber tr(HIktl hnvinp 1) ballasfed deck 8035 lineal feet with culvert pipe and llmlH linmtl fent with embankment Of these 2n lillPnl f((l 1ltlpJIilod with clilver~

pipe and 83 lillcll1 feet replncod with ollllullIlullllll W(l(~ on the Chicago J011O JInuto lt Soutll gltHlMr1 Itl1iIWty

Tho HlIpnJHllIIotII1 or illl Ioull 1(1111 IIlIdJJ1 t1 llyluu Ill lutving It Uo(llIIclllith (d i)lll 11(11 (Hll) WIltlllpllwod wiuh I modern stee-l tiOlllQIuro and (Jhn 141111(IlInllI 11 or (Volvo 0111(1 old and obsolete steet lgtridg(~H ttolPIIII(Il(h 1)l ~~MiO IilHl1d tmltk f~et were replaced with modelll strudlll(l~

300 lineal feet of OpCll del) pile lnlsble tpproach at the Misshysouri River crossing at Chamhcllain 8outh Dakota was replaced with a steel span during tho current year making a total of l33G lineal feet of steel spans at lhis crussing

STATION AND OFFICE FACILITIES

The construction of a new modern stucco hollow-tile station at Prairie du Chien Wisconsin was begun uming the year Lnd is nearing completion Additions to existing depot and freight and office buildings have been made at Ottumwa Junction Marion and Cedar Rapids Iowa Green Bay and Milwaukee Wisconsin and Minneapolis Minnesota These improvements will 3dd to 1111 cllJlvcnience and economy of handling passenger and freight hlliiwnrl

A IIIW Ililuly IOIHldo lollllniltlsl1ty and laundry building at WOtll(1J1I i (11111lt1 (~hiqlvo l1i IIl1itl WDmiddotH follKtnwted and phced in 1lltIIviuo III 111 Il~ ~hl 1111 Ill I plltrfI Ilhulllo lItld i1I1ld(ljllfleO qu~~shy

IllIll III ncldllIOIl 11 1111 1111l1ldrY nllli (()llllIIIHHY HtDIHJlt faclhshyLillI lho Inlilcllnp ploillllI ollililll rill 1110 I)il1iJl~ 11-1laquo Hleeping

)IW l)(l(lnlhln(~11 L Jgtutlillf( tl14I VIn IUIll $1 ~l)il(lII WIIH expcnded TO tbiH pul]lOlO ou1 of It tot~~l t1HtilllllLlIci lillilL or $~O[j()OO The rmnaining expenditllres will 1)(gt IIllLdpound 111 11)10 tlI 11l(H1()~llize the machiner) of tho laundry Whnl1 thi~ iN fillirihncl il i$ expected tmt considerable OCOIlOITlioH will hll lI(fouWd ill (IIltJ (lotil of the laundry work ltlld LJH~ IInlIl1lillll or (1IIIIIllliHl-ItlolV HlIpplb

V AIIa ANn ]rn-j HIAIrt INil

[H (1ILm to iUOOl-l() Iho tlupply or dmtll s()ft water for locomoshyjiVI~ (11(1( llil~ [OOIl (ltlII~blIWl(d during the current year soft W1Lcr ~IIH Ii 1l)J plnIll 111 H(1lllr-vllnt Wisconsin Rhodes and Myamptic hlMj jbnol H1il1oifl Laredo and Newton Missomi Hettinger North J)lLkolll H1d Roundup Montana

The supply of watcl LIl1H bcen increased by drilling new wells at Manilla Atkins DubuqllC Rhodes and Washington Iowa Melstone and Miles City Montana and Ebner Illinoig Several obsolete pwnping units have been replaced with tank-eonllolled electric driven pumpR which has eliminated pumpCI-l tJ (lach of lheRe points The steam pumping plant at La CI08~t WiHconsiu ImH been replaced with a modem electric pumrillJ f(ntion At Wm~t Clinton Indiana on the Chicago TrrJ(~ 1TfIll(r~ amp South

CHICAGO MILWAUKEE ST PAm ANTgt IA(IjC HAILtOAD COMPANY 13

Eastern Railway additiollal fadlitilH eOIlNiHtilll of co_nClete pump house 2 pumps 1liOO fltlet of pip linC lind It sccollcl tnnk have been provided

New mechnnilal (ltmling stations have been constmcted at Algona Sanborn CedI Hapids and Calmar Iowai Madison and Portmiddotage vVia(lonsiu and at Tel1c Haute Indiana on the Chicago Terre Halite amp South Eastern Railway SIGNALS AND INTERLOCKERS

Automatic interlocking plants whieh will clirninato (II(~ IlCl~

cessity of making stututory stops for unprotc(I~d Iailrolu Illid crossings have bcen installed during the ClirrollL )111 a( IIHlihIW(l Livingston and Ramsey NIinnesota Britt Iowa ILI(1 MI~diMOIl

Wisconsin Electrically operated remote coutrol r1oviootl hlwc also been installed at a number of inteJlockers )wd will lIIHIIIt ill II

reduction of cost of operation Automatic block signals of the color light typll Willll illHIulllld

between Rondout and Fox Lake Illinois a distnl(I of 17 Illil)1( lind between Tacoma and Hillsdale Washingcnu II dilllHHOll Ill ) llIiles HIIOlR ANI) ENaTNEHOUSE FACILITIES

i lllW elll shop at Vest Milwaukee-primarily constnl(tl11 IHI 11nlKhl WII Iopair work reached completion with the c1oi)o of Ill ynll1 lIud W~l~ fonnulIy opened on January 25 1930 The lllildillJr Iii lOll fh wido and 1000 feet long and of fheproofshyWHJIlII Itriqlt 111111 11101 construction throughout Its walls and fllllf 111111111111 11( Iull JIll1ecl for daylight operation It is hnl(juvhl~ 1lIIIPlllld wH o1111os Itnd the latest of labor saving 1110111 nllli dldIII II ir lt111 vellfillLter heated and lighted lHl I IHii 111 111111middot1 III Iellll rq II uill llWlI If thlOujlhou( Tho Iluildshyhw with 111 IIIulllIll1l1t nlill llanl InYo II I qlt)lIl ItPIllxilllllIly $1 ww thJO (1111 11111 lllIIlIIIIIIIIInll I II dill UIIVO wil1I idnnl olldut 1IllIdiIJio1lfl 1101 111111111 IV II 11 wldl lllllll 1iI11 1 dlllllIIWlrlllll (If Hill old fll~lI(1 III tllI11 nh Ild 11111111 hy tll 111 1Idll hll~ bllllll porfo1Ilwr oll(-of-doOlH 111 11gt11 Idlldh of wn~(dHI1 wlltl lOll I Mill I~d

vantRge of special tools and luita1gth fLoiliMe fpl Ill~l1Cl1illp MId storin~ materials ncar the wolle The new ~hlt)p l~tt n l~ol~nal

capaClty of 24 heavy repaIred cars per day u1dudlllg pamt1l1g While designed and intended primarily for repair work it can be advantageously used for a certain amount of new car construcshytion In addition to effecting substantial savings in C31 mpnir work it assures continuity of employment irrcspel1livl Ill weather and greatly improves the working conditiol1H of l1w IIImiddot

ployes TRICK ELEVATION AND DEPRESSION

Work which was started in W2H in (WII pi illIII111 wlllh 1111 oleli IHLllce passed by the City ()f Clli()IKP Willi lIollhlllllllll 11111111 1010 on (]w ~levatjon of ttn~dullIlld lillII[IIIIII1 I lllIdll Oil 11 Jldt 11lf(11 1IlId Mtlwaukee DtVl~I1 11)111 Ivll 1III 11111111111111 1I111MlIllily lid ~pproximately two utlllI l1I II 11111 III1lftll III 11111011 VlIIlIUl

Dhl(II~PO The total OOHI of llld 11111 Iii 11111111111111 111 1 lllllll()I)O

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

ES ~

8 ~

S ~

t =l ~

~

~

t-lt I gtshy

Z o

~

rj o =l =

5 ~

gtshyo 8 ts ~

Z K

lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

14 CHICAGO MITWAUKEE ST PAUJ AND 1( HIIfI RAUROAD COMPANY

There was expended dllrinv l1ilo yom $21HIila At the close of the year there had bcml (IXji1l oint $1IlH () I I or wIiioh ~1 J180558 was a charge to [rVltJH111I11I lnUlIlIlIl lLi Will lm~ boen cqmshyplet(~d wi1h llHl mnllptillll III 11111( I(IIII1111f 11(11 will 1~(1 ltlone in IOaO Thill IIf1Jlllll ItllIIIlnl Ill lit I Mlil MIIlIlIil TIl(lk 1lovatio1

In IlIlllqollnrlll willh 1111 IIloIilllll llHl PIIIIIUd by tlln (Ity (II JIvallSshy11111 1111 Apl I Il1 wOII WIl1 H(~~IIIId dllllnK lolw y I)~K on loILtl 1ltlVl~LJ(1I1 or tmultll lLnd aepaLl1llion of grade on nho lwnnston Lille in the City of Evanston Illinois extending froIll the northerly limits of the previous elevation at Church Street EVllnston to Isabella Avenue Evanston Illinois a distunce of approximately one and one-half miles The total cost of this work is estimated at $2225000 During 1929 there was expended S429633 or it total of 5684887 to the close of 1929 During 1930 expenditures of approximately $1200000 will be made and it is expected the remainder of the work will be completed in 1931 This section of the line is leased to the Chicago North Shore and Milwaukee Railroad Co under the terms of which the Milwaukee will receive as additional rental the interest it is required to pay upon exshypenditures made by it for the~c improvement~

The sepllrlttivll of jlItHlos 011 ulgtouL two OJ iles of the Northern Divixion on (110 1100tJllq~t Hido of Milwtlllkon Wiseoosln which Wlttl tLnrlld ill lmI1 11)27 ill (lolllr1iilllec with an order of the Hnilnmd (lOlHlllil-lrlioll of WiflOOllill WiK IIIlliod on through the yIIII ()II n l1IPI Ill bllitl wOlk 2rI1J ql Lllo tOHI i~ to be borne by Mill (~hy or IVlilwlllItIO Hnd I1Cir hy I1w l()(~lll Hliltq rIilway The dlIllIIIIIIl~hlnll of lho pal IIhjcb iH to be RO apportioned is now IIl1dill tIOlUitllllIlinll bv ~h(gt HIrito IhtillOad Commission of WisshylIlIII l1iII Th( lobL (~(Ri vI thiH Companys proportion of this work IH IHIhML(middotf lth $370000 Of the amount of 84000000 menshytlolllld in tho report for 1928 $330000 is herein included under yard tracks and sidings as the estimated cost of a new freight yard in Milwaukee There was expended during the current ycar $421895 and at the end of the year there had been expended $993089 of whioh $935604 was charged to Investment Account Of the expenditures reported in 1928 $24807 are induded in this wpol in the total expcnditums for tlw new yard at Milwaukee 11 ill oxpoc(cd that $977000 will b(~ mpcnded during 1930 and the 1cJrmludoJ O tlpproxirnalely $1700000 during the years 1931 and I~)iI2 Work WitH ~1ilffNI II llring thJl ycar on the separation of gradcr Oil lIH NIlflhtiln OJviRion at Capitol Drive and Townsend Street MilwlJukeo WiseollHin in compliance with an Older of the State Railroad COlllmisHiotl The total estimated cost is $550000 part of which will at sonic later date be apportioned to the City of Milwaukee by the State Commission There was expended during the year 8251258 of which $186933 was charged to Inshyvestment Account

The Minneapolis St Paul and Sault Ste MIIiimiddot Hllilway Company which Juts trackage rights over part 01 jH Northem Division will pay 3 interest on a large part of tlw tixpnllditmc h~t i8 charged to Investment Account und llpJIlxill~ely20 nr MUtl pent which is charged to operatiny IlXJl1mIIlH

(lIIICAGO MIINi Au tCEilE ST PAUL AN)) 1111([1010 ItILIWAD COMPANY 15

YRD TRACKS AND SIDINGS The conslru(~ion of extensions to passin tracks thereby

permitting handling of longer tmins elimination of delay and reduction of operating costs have been completed at Hastings Wabaha and Veavcl Minnesota Dumnd Illinois Ranney Visconsin Powersville and Luc0lnc Missouri Missoula Jeffrey and Ralston Montana The tot-al length of these extensions amounted to 14910 feet

The construction of additional yard track~ and lClllnnlolnolll of existing yard trucks have lwell (01111101(lt1 l11 Lllwlt1 -1 111111 Minnesota Nf1hant 10wl (nUilJ 1VII1dil(1I1 1l11c1 Milwllllltc Viscon~in Harmvtoll alld Illllrllll IVI llll 1111 la icbliUClIIIII jJInl tracks constructed Jt theHt~ IWllIiClJIl1 111111111111 1lllilXllilItllly 100000 lineal feet of 1111lt1

Work was started in the lalll 1)j~II or II~H 111111 clllillllllllci through 1929 on the construction of tt IWW floi(bL yl1lc11111 Illmiddot 111

side of the raillOad and north of Capitol Dliv(l iVIi1wHlIlwl Will

consin Excavflted lnflterinJ from the grade pepltlllliol 111 NClII1I Avenue is utilized as filling for this yard It will 1111 tllIilIIILc1 (ndy in 1930 at an estimated cost of $330000 The tllld cXpl11lci iLul( to ltlate is $252844 of wluch $248594 is a charge (0 IIIVCKLshy1I1ll irl~nunt und the balance a cbarge to Operating EXllllHiIS A I I III 1111] (11 t he yom trac kage sufficicnt to fJC coIII III odate 800 cal 111111 (lIl1l[l]llld 1IlId in usc When entirely completed it will have 11 (lIlllc~iloy III Ilpploxirnately 1050 carswhich will provide storage lwil ilirH I)l 1U11I Lli 11lld from the large number of industries in the N4ItI1 MilwlIutII niRIrid

A 11(1 dOli hIli tnwl( line of milLOfld extending from the west lilll PI I )1I1I~hlll H(I((1 in Rioux City Iowa westward a distance 411 1IIPIClxiIlIlLlmiddotIv 17 Illilol lVloB pln(I~d ill operation during the (~IIIICl1 L vnnr HlId I i II Iii IllIltI pl(slnd ill I lm Till (~()mtluetioll or UIII IIIIIV Iitl I li IUIIIIIII11 11l1I1 111111 OI41IllilljiI wi 11 111 jfVn COIshy

CIKliioll 1(ILwll1I Wt1t1I Vald and-lillls ( ~ihl lind will lwIlnil 114 hnlllilI of tllllll~lIt~ LIllrlll OVtll ItlliH llilllOB j Ijl( lill( wllidl IIHI~

not posRihle over the old lino Ql It waH un IL 0 i(~ glltd(~ vhilll 1114 new line is pructieally level The total cost of llIi~ WOlk ill PRtishymated at $484548 There was expendcd durin th( year $M9813 of which $335813 was a charge to Investment Account

Work was begun during the year on extensive improvements to team track facilities in the Ullion Street District Chicago Illinois involving Lhe rearrangement of track facilities C0l1Rtrueshytion of new concrete driveways 16000 feet of Jle~ tm~l~glt Wild

tlllee new platforms When completed the Clpl(ty 01 Ih yilt will be increased by 48 Ctlrs a day and IIp-lo-dlllmiddot 11111 Ltlk facilities provided A la1~e nnJILud swillj( in IlpllntI1l 11111 1111111

t(IHtnce expense will rcult [I( (l11(illl1l I ~JlIlllLIII11 iii $af)OOO of which )8R(jl I w~11 IXllllllind dllllllI 1111 1 lnllI Il iii (xplltcd this work willlH (1 1111111(1 1lt1 dlllmiddotlll11 111111

Thrl following 1tIIl i lllll tllllll n[InllllillIlllM 1111111 til lld nnd IIJquipment ltnd oIl1~IlIIi1 11 IlIvnlll AII~nllll dll1(IIJ( UlI Jllllilld JltnllfllY 1 to 1gt00(lllIlu ill IJ~II

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

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Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

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5 ~

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

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15 ~

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d

~

~

d

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o lO gt

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8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

bullbullbullbullbullbullbullbullbullbullbull

III 11IIHlAllO MILWAUKEE ST PAUL AND ~ACIFIO RAILROAD COMPANY

INVESTrIIENT IN ROAD AND EQUIPMENT

The expenditures chargeable to Investment in Road and Equipment during tbe yettl ended December 31 1929 and the total Investment in Road Itnd Equipment December 311929 were as follows

Equipment purchased and constructed 1700 Automobile cars purchased $4 4JiZN5AH 650 Stock cars pulc113scd 126710189 968 Balla~t cars purchased 255756532 171 Orc cars purchased 36528225 500 Flat cars purchased 87088031 15 Caboose cars constructed 4407555 10 Mail apartment OUTS constructed 21108355 1 Stcam propelled mail and baggage car

purchased 5036404 Ii Locomotive crllnes PUrChMed 6244495 1 Locomotive ditcher purchased 3310665 2 Balll1st dressing maclines purchased 2241900 1 Ballast spreader constmcted 658113 oj Slope levelertl constructed 994661 1 I )1l1nr nOlnpany service units purchased 777814 1 011middot UOlt1pllllY ICorvico units COIshy

fILnuIIIHI ~ 1002215I bull bullbullbull bullbull I bullbull

NllIII1I1I1i IIqllllIIHIII 1 111111 II 1110111111111 - mW74t

I~ t llJIIIIlt IIIC1ltl IlIloIIlLmiddotIImiddotd 1145159 I 111111111 Illllnllloli(II llrltluiIed - 355800

OLlwr Acidihiollll lJ1Il111ettermcnts to Equipment l( ComjJouml mallet type locomotives conshy

verted to single expansion locomotives 15617580 20 E-Press cars equipped with tlteel uodershy

frames 5249620 Miscellaneous conversion of equipmont 18257238 Improvements to other equipment 45938277

( Imiddot(jt~ AIl itions and Bettorments-Equipment 81086412986

(lltld1l -1lluipllIlnt retired or converted 90108047

Net AdditiorllS lind Bettelments-Equipment-Carried forward $ 996304939

OHICAGO MILWAUKEE ST PAUL AND IAOJlW RAIUtoAD COMPANY 17

INVESTMENT IN ROAD AND I~(~lJllltl1lNT-CllIIQluded

Nrt Additions and Betterments-Eqllilll1lIIL (orw1rd

Additiolls tnd Betterments-Road

Land for tlallSpolmiddottation purposes Grading _ TunllelR tUtI subways

HIIIlK $ 090304939

(I7middotIHIi71H 7 oJll(1II

Int1m Bridges trestles l1nd culv(gtrtn Elevated structuIell Tiell Rails ~

Other hack material Ballast Track laying and surfacing

I

Right of way feuces de CI()HHings and signs HIItion and office buildings 1Idway (lnd miscellaneous Lui dings W1111i1 1111lt1 fuel stations Nllllpli lId OllfrillO houses WhlolVIIII 1111 dOllkll bull gt

IUhlJ(JIlPI lUll I llIlo(lIollu lines _ -111(1111111 111101 IidIIlo(lktllH 1 Iuwl IIIIllOllrl tlllIUIlIlI1ioll nystems etc 1IVIIlI~ IlClllllllllllrHlllllltJII __ bullbull bullbullbullbullbullbull

I(OIUlwlIY 1llllUhlllllll IIlId 100111 bull bull

Hllllp 1Il1ldllv bullbull Mlillllllllllll _

1(()lOOOlj 1i1553 3iO08732 88966990 145609541

15435181 313187631

1448536 368106middot71 72657170 12249463 38596212 93423156

2313142 1496390

19087853 13728036 HJ941455 1ll75360G (lOll tJ(i59 20(lOUUlR

(lOl lddltIIlIlJj 11111 1I111IcINlIfllItJj 11111111 bull 1III1lail()IlilHII

Cludit-RUId jlocrlgty rtirod or converted $ 2279 1640G

Net Additioll8 and Bettermeots-Road 805388283

Net Additions Ilond Betterments-Road lind Equipment $ 1801603222

Road and Equipment DeeemlJor31 1928 $68204878591

Less-Adjustment of Road and Equipment as of January 141928 2BR3fi171

_ mtl~IIlt1Iat20

Hund and Equipment Decemhcr 311029 lUJIIllltl l

19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

ifgt ~

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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Milwalkec and NortholH R R Co Fi l~ 1 M IK fIll ~

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1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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$ Il1[1i11101 hllrn lILy amp IIri 1111 (ulllllll i Ilrdhl)lIdmiddot

COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

tlllIlIlIIOlII~l

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11I~i~JjlO()ll

HIlUI71l000

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

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8 ~

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~

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~

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5 ~

gtshyo 8 ts ~

Z K

lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

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d

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8 ~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

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OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

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19 IK OIHOAGO MILWAUImE ST PAUL AND PAnJloll RAILROAD COMPANY

------------ OJl1CAGO MILWAUKEE ST PAUL AND PACIFIC RAlfltoAD COMPANY

SECURITIES OWNII

On December 31 1928 the book value I 1IHtIlIlfIII1 owned amounted to $11)117747383

During the year there was added thll 1l0()( lllIu I Ih following securities acquired

Railwa) Express Agency Capitlll Stock (26 shares) $ ~I(MIIMI

Chicago Terre Haute amp South eastern Ry Co Capital Stool

(5075 shares) II11i lit Ha~lfod WlLter Co Incofrorntllltl

Capital Stock (1 share III 11(1 Covlit v Chehalis amp Ca~Gnd II HY

Notes 11lINKl(H) Kanslls City Termillnl Iiy (

Notes 11111 10 alIOI IHI

State Guarltnty lllll1]lt MlI N I Receivers C(1ltiCimllCl (lIrlIIIIu 1 General balance ~hcct income profit and loss and other tables of book vaLue) 1II1ll

relating to corporute affairs and statements showing results of 11~1Il1l1) operation are appended hereto lIr ~lllitilVl ltI1111IIltlld I I ll

dllrilll~ Ih Villll IV II Ill lIliillIIJl The Board records its appreciation of Lhe co-operation and theMu(lILW 11li1I1I111I1 n ldl 1111

11I1Il1 ~jItIJII (I Ilillil I 1lt100 IOyltl (wcl efficient services rendered by the officers and employeesM111111111 111111 I 1111111 NIll 1O(lIHItI~lI throughout the year 1(1111111 llllv 1111 111111111 lty (I

NIIIII 1111111111111 111111 111111 (JtllJllIIIIV

01 III (jllllll III I II)

IIUIIU711l

1180000 By 01(((1 of Lh HOIInl of DiNCtOIiL -IIIWI1II1I11114 27000 April 11110 H A SCANDHl~TT-middot-

(hn book vnhltl of tho following se-Gurities was reduced by partial poyrnents during the year

President

Excelsior Coal Oompany Capital Stock

Cowlitz Chehalis amp Cascade Ry 4375000

Notes 205000 Miscellaneous Receivers Certifishy

cates 76911

(J t htt wise disposed of TIi-lgttatc Fair Association 7

Gold Bonds exchanged for equity in sido tracks

Balance of Recoivers Certificate 145000

of American N8tiona Bank Three Forks Mont (uncolshylectible) written off 782 23110748

The net decrease during the year was Hl878619

The total book value of securities owned as of Decemshyber 311929 shown on page 26 amounted to $1807868764

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

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Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

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Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

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Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

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11I~i~JjlO()ll

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27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

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Il

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RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

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8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

UlIIOAGO MILWAUKEE ST PAUL AND PACHW ItAILltOAD COMPANY 210 OIllCAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT YEAn ENDED DICEMDER 31 1929

I OPERATING INC01IE Railway operating revenues $17136138536 Railway operating expenses 12880086077

Net revenue from railway operations 1 S 4256052459 Railway tax accruals $ ll64891233 Uncollectible railway revenues 12IllO11 O661501H

Railway oporating incomo I a2Hllll031lti

II NON OPIDRJmiddotIUW INC()MJ~

TABLE OF CONTENTS Rent from loeomotiVCR _ 1$ laO77120 Rent from passenger-train cars 12637587 Rent from ftoating equipment 265124 Rent from work equipment 3629249 Joint facility reut iMome 40838327 Income from lease of road 33901824

Pages Miscellaneous rent income 465111181 ComIloditie~ trall~[I()rlqdbull 37 to 45 Misc non opernting physical property 28437045 Equipment-Owncd Ilnd leHld-C M tHo P amp 1 H It Co 55 Dividend income 81168602

Income from fuuded seourities 90149411Equipment-Owned and lensed-C T H amp S F Ry Co 55 Income from unfunded securities and Fundod debt--Cbangcs 25 accounts 126990167 lunded debt-Detailed-C fvI St P amp P R R Co l7 Income from sinking and other resorve [ilindod debt-Detailed-C T H amp S E By Co 54 funds 38396

Misoellaneous inoome 15285171llldcd debt-Detailed-C M amp G Ry Co 54 (nomilmlllnco sheet-C M St P amp P R R Go 22nnd 23 Total non operating income 179172687 (l1ll1l1lmiddot ]LlllIlCll sheet-C T H amp S E Ry Co 50

GrosB income $ 3769075002(lnllllrnl Itnlll Hhcct-C M amp G Ry Co 61 (iltUlCllld holl1 ) 114(i-middotW R 8ampyen P-Ry Co 53 Ill 1)IllIlI(IjIONII IHOM (lnO(lll INCOME1m IUIIlr- nuLldloll-middotC IVpound St P amp P R R Co 21 I II If (I(II-(hl Ollw-I)nhi t halance 1$ 396505310 )1l00llUl HtlOllll111 middotl)tllnilll[ C T n amp S E Ry Co 50 Il I fill l11l111nvlV111 bull 103n7381 IIICOrntl 1l()l)OIlIlt-l)obnilllcl-( l M IXmiddot C Hy Co 52 1111[11 fill PllltllIIIIt11I IInlli iJn ]lJVI)JO70

111111 rill II II II t III I nli1llnllllt bull bull ~()U(Income llCwlIllt-DotllillJd-W ~ N amp Y I Ry Co 53 Illllll (III wurh 1111111111111 bull - bull ~~lIHIlrvIiICll of track 46 Iuilll (1(llItv Iimlll bullbull bullbull bull IUI7IImiddot1 Operating reveolJclt OXPOIlIlOH nlld in(~(ill 1)11111(1 28 to 35 UNit fur IOIH((1 ruILltK 1lOoIln11 Operating revelue OXpAllll IIU[ 111011111 IIY dh 36 MitlcolllLJl0QlIll renl8 - mH~HO

Millecllancous tax Itcoruals ~ 7281gt144Profit and loss bullbull 24 Interest on unfunded debt 2903400onriti[H ownod bull 1bull Sund26 MiBeellaneouB income ohanreB 2171500 JImiddotlil1tJPortuion stutiatioB bullbullbull _ 47 to 49 - 1----shy

Total bull 861468192

Net income before deduction for interest on funded debt 1$ 2907600810

Interest on funded debt 1

Fixed interest bearing obligations_ 3 128583GlOll Convertible Adjustment Mortgage Bonds

(5 deolared) nJt[l(I~I(f1i ~(Jj)oliauli

ONltll 1~1iNet income middotmiddot middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot

IV DnJPOBlTlON OF N ~I INOOM W Inoome applied to ainkinlt nil) 111111 IIUIIII VII

rl~ndH I I I I I I I I t I 1140

II ( unW022011

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

ifgt ~

~

cgt 0-1

0 OJ

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sect

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fl

Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

Rl70oOOon

sect Eolt gt-J PledRed

Milwalkec and NortholH R R Co Fi l~ 1 M IK fIll ~

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n ~ ~

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islttOllinI~)no

20UOOll

1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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109550000 53900000 12800000 90000000 61800000 16900000 32800000 67000001

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$ Il1[1i11101 hllrn lILy amp IIri 1111 (ulllllll i Ilrdhl)lIdmiddot

COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

lOO()()O(l

600000

aHIII1l00OO

f-lt p) iJI ~

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

tlllIlIlIIOlII~l

1IIWIIWMIIIll

11I~i~JjlO()ll

HIlUI71l000

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

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2 Z K

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5 ~

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

----CIlICAOO MILVAtJKEE ST rAUL AND PAOIFIC RAIIIWAD COMPANY l1

GENERAL BALANCE HImEl COMPARISON

I OlWWO lVilLWAUKFF WI IAlll Nil PAClllNC RAILROAD COMPANY WITH fo(- DECEMBER

1o~IWAI IliJiNOI imiddotmEET LIAlllLlJY SIDE DIcJ-)~mFIt 31 1928 31 192D +Increase

COMPAlUSOX -Decrease WITH

As 01 nFCffiMllftn CAPITA L-amplOG K Common Stock

In hands of public (1174060 Bhlloles-no par value) $13R12J5l578 $+ 7201455911 r[I HWI DECGilBJI 31 1928

31 1029 +Increase -Decreasc Preferred Stock

In hunds of public 11923880000 + 63800001N VJl1MIJNIS Total Capital Stock $257 116839578 $+ 78=l91559Road and equipment n700277l6642 $-1-1772818051

GOVEltNMRNTiL GnA-lTs shyImprovements on leused roil WLy propclty $ 3633J242$+ 327357) HHHU~1I1Grants in ltid of ConHtllInlioll bull $Sinking funds jf J 11157 $-- 1724032

FUNDED DElDL-UNMAIIII1IODeposl ts in Iieu of mortgaged property sold $ 97200 54 $+ 2065336 Bonds Mi~erll[Jmol~ physical property $ 496443851 ~+ 2754$456 In hands of Pllhlie

Fixed interest helrinl JIJilOl11 HI Icl O( 0(1 IIIVIIlnwnln in Ilfliliald (Olllllifs Contingent interest bCfiling IHI$Iim (XI

H~k $ 1Im7fgt2Atl n-~ 3607500 In Tlcasury of Company bull 1I jIH(lIKIUO IltlOOOO nH1UO()(X)11lIrh~ IW(IKOO()1l Pledged lOlllllIXHIOIi

Nqtl bull 1426011IJUI -- 10089865 ~~1tlHnHI)()( I mlINH))l Advance 7 l26822l() -I- 24593132 Equipment OLligl1ions

~~ 529044366 $+--48767 Equipment Zold notes 6n7llllX)()() IUlIIUKI(I0 Equipment Trust ccrtificu~cs 306flllOOl)(1l1 I IIIIII)lt)lt)(KIOtl1er Investments

Stocks $ 787039 $+ 1500 ~4000l)87HiX)() $ I 1(lItlIil)ltI11O Bonds 16525000 - J45O00 LefgtB Londs unsold Notes 53915434 + 38000 Held in Treasury or pledged 2627600000 + HO)OOO Miscellaneous 279135 - 75754 Total Fuodc(l Debt unmatured $46382278900 $+ 144middotif)()l)M

$ 71506608$- 181254 Total Capital Stock Funded Debt and Governmental Grants __ $72150288184 $+ 52373318511(111 illve~lme)lts 1$71170901920 $+ 1808735903

CunREN1 LLBlLITlIiJS Loans and bills paYl1ble $ 4292Ul2 $- 26016731

CIlItIlIcentNI AIININ Traffic and car-service balallccs plI)able 346117538 + 13747)83Cllrlh $ 785612850ii+ 5386766 Payrolls and vouchers 1008589166 + 69238906l)olllluIIlInllltlld dmiddotpo~i(~ S7GOOnO00 - 490000000 lVliscellancous accounts jll1yable 36195726 + 1828002

Ihll( dpwII 131477274 - 413871767 tlntcresL matured unpaid 300657548 + 2137281

iPllllilLI dIiPUMII1l bullbullbull 16130834l + 157414349 Funued debL matured LUpnid 700000 680500000JOUIlH lind bll III IlIlllli vnlll( 991519749 + 490409506

f)rlO2108~UnmatUled interest gccrued 7 400310~lTll1tHlt lI1d (JILr-ljOIviol hul UlIIUII 111l1 VILli I 69498053 - 593533IJ Unmatured rents accrued 3())oIOIll + 23Jlo()

Due from ogelltllllnd oOllduolulll 172372840 - 21950094 111l)71l ilMiscellaneous accolllltflrco(ivlIlllI bull 1l1igt23917 + 13105859 Other CUJ1cnt liabilities ~~1(lL~27(2

1111111)(Ml1terial lind sllpplics laIlt5IIIORl + 105337252 Totlll current liabilities ~ 211021HOkl7 $ Interest and cliviucllds ]l)lllivIIII 1I1r2111iS + 14271173 DEPEfiRED LJAnILITIpoundS Rents receivable 17700 - 17700 Other deferred liabilities $ 86273107 $- 157lt18302 Other CUlTont aflR(tll lIlIlllllimiddot 1018134 Total deferred liahilities $ 86273407 $- 15768302

Total current llHUllII bull r I a IIH77rI1Ii)~ 8- 1l751i712~l

U-rADIUSTED CRIiJDI1S Tax liability $ 834266507 $+ 11878474

rhWI~IlIUolll AtNIIIH Accrued depreciation-Equipment 1092324335 + 572258795 W(lJldll~ Iulld lid VIIII(lOI lli 49358981$+ 106829 Other unadju~ted credit~ 451970523 + 6941172Othor dnfClTnd IIHfllllfI 240014721 - 18430817 Total unadJusted credits $ 2378561365 $+ rnlO7g4AI

Total defullC( 11111011 jf-)~395Oill$- 18323988 CORPORATE SunPLlS -shyAdditions to property through income and surplus $ lllIIUli

UNADJUSTED DEBITS 1lInded debt retired through income and surplus KOIlIIB Insurance premiums paid i)1 advllJlce 1$ 17200A8IlHshy zaoso KIIlIltlng fund rcscrve-Bell Bay amp Brit Col R ll Co IIHIO5 Other unadjusted debits 4044425lij - 11707231 Total appropriated surplus KI)7U~7

(11n Ii I nnd 1088 credit balance UIIIUIUI Totul unadjusted debits 1$ 4061625531$- 11(183545 lotiLI corporate surplus 1111111110112

(illhNIl lnIM I 11IlIl(7IiOAl=----------shy llllliUcClll 8254949125 ImYllhl JUIIIIIImiddotV I 1111laquo) 11111111lt1111shy

1111 VCar Firtlt Mortvl1l(l 11tI t111 101 j 11111 1111111 I (111 (IIIINU [(YImiddotiL bullbullbull 1$787OHflIJHUJlISI IIlllIl170HI lIullnd as r July 1 IIlH $ II oon 00-----------shy

MhIlWllnlllOIlH mutiun(lllClultIlIvclIllll hy 11111 r1J1I1Hllu IKIlI(KI -II 7lKIllIM)

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

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~~

FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

ifgt ~

~

cgt 0-1

0 OJ

t

sect

gOl 0-1

fl

Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

Rl70oOOon

sect Eolt gt-J PledRed

Milwalkec and NortholH R R Co Fi l~ 1 M IK fIll ~

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reg

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I

11

11o ~ ltgt

Ibull

n ~ ~

0ltlI ~

~1IImiddot11I11111l()

islttOllinI~)no

20UOOll

1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

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109550000 53900000 12800000 90000000 61800000 16900000 32800000 67000001

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$ Il1[1i11101 hllrn lILy amp IIri 1111 (ulllllll i Ilrdhl)lIdmiddot

COJnPlLUY 1) Imiddottrlll MIIIf~11laquol IImulll tirltld lliY(JlIlIh flillkil1p 1lIIUd

I1cllingham BiJy amp HritiRh Columbia Railrol1d Company 5 First Mortgage Bonds purchased and held in treasury

lOO()()O(l

600000

aHIII1l00OO

f-lt p) iJI ~

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sect C -

B

cl

~

sect o 8 lt

~ ] ~ f~ ]

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

3800000

2ononHO

I(mIl~(mIlJIKI

tlllIlIlIIOlII~l

1IIWIIWMIIIll

11I~i~JjlO()ll

HIlUI71l000

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

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2 Z K

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

r

CHICAGO MILWAUKEE ST PAUl AND IAOWIO rtAllJnOAD CQIIIPANY 2fJ 2j ltJIIWACIO MILWAUKEE ST PAUL AND PACHI RAILROAD COMPANY

i tshyo~

f3 M iY)~

~ c g C lt0 o~

toshy

~

~

sect lshy

a

I ~

I -lt I 5

~~

FUNDED DEBT UNMATURED DECEjIUmrt 31 1029

Total funded debt unmatured December 31 1928 In hands of public 1$45937328900 Pledged 2000000000 In treasury-Unpledged 627000000[1148564828900

ifgt ~

~

cgt 0-1

0 OJ

t

sect

gOl 0-1

fl

Increase during the year fn hands of public

Equipment Trust CerWicates issued and Ilald Series J~5 1$

In Treasury-Unpledpod Bellingham IlI1Y amp llriljgtlh (~IIIILoIL lIdlllllt1

Company 5 Fir~middott MOImiddotmiddotKILI L10ndrl Illlltllllltrlld 1I111I1l

Rl70oOOon

sect Eolt gt-J PledRed

Milwalkec and NortholH R R Co Fi l~ 1 M IK fIll ~

~

reg

~

I

11

11o ~ ltgt

Ibull

n ~ ~

0ltlI ~

~1IImiddot11I11111l()

islttOllinI~)no

20UOOll

1111011 (HI 4~ Bonds pled~ed with the Trl1tllo of lI1 First and Refundmg Mortgage

Milwaukeo and Northern R R Co Consolidnf(l Mortgage H Bonds pledged with the Trus)t of the First and Refunding Mortgage

1----shy

iJ e

~

OJ

I J

I 1rI L) H

A ~

1-

r

N

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In Trealury-Unpledged Milwaukee and Northern R R Co First Mortgage

4 Bonds pledged with the Trustee of the First and Refllllcling Mortgage

Milwaukee and Northern R R Co Consolidlltcd Mortgage 4~ Bonds pledged with the Trustee of the First and Rcfllllding Modgage

101pound1 funded debt tmml1tured Deoember 31 1920 III hands of public (See page 27) bullbullbull Plnd~ed (lJee page to) bull III tl(lnsury-Unpledgml (~f1 pn(( t() bullbull

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SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

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IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

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__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

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gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

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RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

27 lin (1IIIPAtlll MIIW AlJl(fI HT 111111 AND lI(lll~lO HIIILROAD COMPANY CJmnACO MIIWAUKEE ST PAUl tlND PI()Il[() HMLJtoAD COMPANY

SEOURrTLES OWED 000 o~J000 88g8~g8g8888gg8~ 8

lt=lO~ 0BOOK VALUE o~sigg ggg~~gQgtiggg~gg~l g ~l~ -ltgt zDF_lCRlPTION ~ClOO O~~~~~~~~Q~~~M~~~ ~~ ~2~ opoundltgto 0 r-~ lf500 ~ fl(I00 ~0 r5~to 1r-- M cr~ gog

Pledged Unplcdged Total (j ~ -l $middot~fC-lll~

CJM ~-t~A1~~laquol~~~=~MClOO~ ~-rOIl )0_ i~ E-o H j ~ l~ ~(1 IJIA I llOOK ~ ~l~ 09f~ I lfj oW lth r)Illllinted Companies ~ c-M--=middot--Igt~gt- 1gt----gt ~ -0)~--gt---gtc-gtgt-ltgt---ltgt7----CbOC-gt~gtC-b(l--

IllLVIlH[lOrt Rook Island amp Nor West Ry Co A $174965000 $ 35000 $ 175000000 ~ ~ ~3~3~~~~~o=~3~3 -ltgt 00 lndi(lna Harbor Belt R R Co A 151980000 20000 152000000 ~ ~ ~~~~~~~~lt~~lt lt~~~~q 0 8deg-

00~l~ite Sll[p~ur Springs amp Y Park Ry Co A 17364507 17364507 B a ~~~~~~~~d~~~~~~~~~~ d OlOhlCago Milwaukee amp Gary Ry Co A 09930 70 100000 v H C shy Chicago Terre Haute amp So East Ry Co lA 39638400 516500 40154900 z ~ ~cicicicisectsectg~dg~~~~~dSsect ~I

Kansas Ci ty Terminal Ry Co B 18283333 50000 H333333 lt ___-------~~~~~~~~~~~~~middot~J~~I~ ~~

DCIl Moillllll Union Ry 00 gt bullbullbullbullbullbullbull A 29232600 117400 (1350000 gt ~ tf2~~~L~~l~illtVlmiddotI_ I~E -ltnelll M()i()~1 Uio Hy (~o bull C 21)00000 21950000 I I (1~ j~ I~ ~cent ~I~ ir ~ Q If )~~ ~~~~It~ bull Ieshyo ~ MIrinllpI11 ]JllwlCIJo HI on bullbullbullbullbullbullbull A 1r~r12n 12380 16475000

-~ Mlllllmtll 111IIfrI IIY (JII bull 7(X)OOO 700000 ~ u ~~~ $$~~~~-~~~~~gIfO-J HI 111111 1I1I1)n Igtc111111 (Jl) IOltIOOOO 10360000(Jhlmll(l) 1J1I(JIl HIgtIL6Iou 00 ~ ~ ~ sectsectsect sectsectsectsectgsect~~sectsectsectsectsectsectsect ~ ~ I

(In DlIr)()fll~fl ill IiOll f Ill0rliPul(od propor- ~ bull ~ gt ~S5~Ji sectf~t--~~C~M~Ci BdcO~~rgig 0 i ~+it3gi P ~~lC c~~~~~~r-S~CIQ~()~ ~ ~~ fAty Hold 37IOOO(JO) D lt ~ ~ ~ ~gtQ-j1 of Cf~~~flto-- oo-lto-i 1 ~ ~1 f~lililwuukce Laud Co 50000000 50000000

Exclllsior Coal Co 10625000 10625000 ~ rfj ~ iJjI~ _ 0 ~ 0 b-------O-08~ 0 0 ~)CRI]~ILblic Coal Co 10000000 10000000 ~ ~ ~ 13 ~ q q ~~ ItiHIway Express Agency Incorporated 260000 260000 ~ ~ gt 25 8 8 g 0 5lt sect _J~(JonlinAntal Telegraph Co 30000 30000 ~ ~ ~ lt ~ 0_ 0bull 0 bullbull8 8

0_ cL UO oo-l ~ ro ltOC()O lt0 lt0ijlfliliutod Companies lt i ~ Igt or ro l I ~ 3 H 8~ to- ltflt Cl bull Gl (I)MilllIlIlIlIlIOlfImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotImiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 787039 787030 Q P ~~ lt0- ci ~ ~

IlllilJll 8 _ =1 0 tJi7 U U r-ltO 1111111gt1111 (UIIIIllIi(lM Cl g888g888gggg8888888 g g 8 g

Oldtlllj(It Mllwllllh (lury ny Co A 2700000 2700000 -r ~ goooocicijciioooooogg9 lt6 ~ ~o

MIIIIIMIIIIIII IlhIIII lly (II bull bull A 6000000 6000000 ~ ~ ~ 08g8888cs2csggggg800o is g t2 eg(lhl~jn HIIn 11110111 It HlI hlld Hy Co A 1073800001 107380000 ~ sectsq~oowooo~o C() 3il

NUIIIIIIIIIllnlllJIl1I1IIIII11II ~ ~ H cn(J~82S~8gamp~~S~~ampj~~~ S1 ~ 3 ~~

11 1 JJ ffi-J~middot~middot~middot CiIgt~lt6-jlt- OOmiddotpound~f ciJ 13~ 6 gtiI I

~ bullbull ~ ~_~ bullbull __ - 0shy

IKIIIlIIHIII111 HllmllIIllII j 1 111I11dI I gt- 3900000 3900000 l(J()wlliII tllulhtdl amp (lllIIIIH Ily A 12125000 400000 12525000 ~ I ~ Cl S M ~ jOgt ~ I =-=- I~ if ltFo lt ~_

HpIrll IlIlllntI~ Ill I AMIL bullbull bullbullbullbull bullbullbullbullbullbull 100000 100000 0 0 ~ I middotlJtIl trlI~_IClI1 00 ~ 0

NOII~I+

Aflii Ittcd Cornpllil ill~I IJ I ~~~~f~~f~~f~~i~~~~~~ ~~ $~ sect ~~

__ I ~~ ~ I T r I ~ MilwQtkec J~lllll 01

I

10880443781 1088644378 l I~ 11 1 middotfr ll bull rl ~gJ

Chicago Terre Haute amp H luf Hy Uo 022977 80 52207780KiLusLs City Terminal Ry Cn bull 0 (tIt(fl I) (]OU)O 1564758 iohhhh~ ~llti hiC bil~h I

Nmutffili ated Comprllll(J~ l1l 1 ~ II yell ~l ~ =3 ~ l3 ~ ~

~ll ~~~~~CLlt-r~~=~- I-)ilC(Ultll Terminal Co 1 1()OljllllU bullbullbull bull bull 42000000 bull bull bull bullbull bpoundYQIlw~tU1m Inrk Hotel Co ~t III (joint

rr0~~ ~picjA~~cid ~ llICH) IOIOO110 10[20000 bullbull bJJ bull - bull - - bull bull 008 [0C ~ 0 e o~ ~_ rn (1) cQ IJ) r~ rn tlJ CI)1 bull QJ ~C~wlih Chdlllll~ amp- Cascado Ry bull 12M1U1I0 1245000 ~

k

OUDOU~~ g B1I3~s~~s~-g gtQ MIS(llltlllUiW bull bullbull 1 fllJl 11 50434 () ~

gt ~ ~) ~ ~ ~~ ~ g ~ ~ ~ 3 2 ~ ~ ~ 5= ~ ~ ~MiscellanrOlH TIIlHI ITund and Receivers w iigt~~Q~~ O~U ltcm~q~ ltIt) ltCltC Certificltes ~lIJlJl 379135 sect u

]lI ~ bull ~ bull 0 1ZI --lI bull-l_ ~ -I ~ Q) lPI 1

W middotc~~~~~~A~~~~~~E~E~E~E~~I---~-~-

Total $ 636918458 $1230)110111)(1 $1~e7868764 o ~

A-Pledged under Chicago Milwaukee St Paul and PMitlll rtnillCllLri Company 1

z First and Refunding Mortgage

B-Pledged with Pioneer Trust Co Bansas City Mo undlll AItllll Trusfr Agreeshy ~l

lIl(~nt dated June 12 1909 G-Pledged witII Des Moincs National Bank Des Moines LtlWIL IIfIOl S~ock Trust I

Aglo0Illent dated April 6 1921 ~

D-Pledged under Chicago Milwaukee and St Paul Railway ()CltuIlUIlY General MClI~I(Re

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

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5 ~

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

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8 ~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

Ii

DETAILED SPAPEfEKT OF RlllWJT OPERATrm REVENUEi3 EXPENSES AND ITCOlrT

FoB THE TI t 0 ==~EB31) 1929 AND 1928 fLTIT--- GElUTIXG REVENUES

=

Te~S3POrTlTlON I 1929 (a)1928 INCREASE ~

Freight ___bullbullbull rS13717643150 813622642158 $ 95000992 Passenger _00 bull 1675329689 1809053067 $ 13372335- =bull

Excells baggage __ 12219925 14673209 24532M ~Sleeping car 00 bullbullbull __ 86731431 96359933 9628502

Parlor and chair car bull__bull 8447721 8161004 286717 -

MlJil ___ 384598480 319485869 65112611 ~ Express 00 bullbullbullbullee 457352863 408856324 4$496539 Other passelger train - 20745702 19379288 1366414 ~

gtMilk e e 91258413 111938532 20680119 d Switching _ 373242394 367902633 5339761 Special service train _ 5437382 5576-301 138919 _l=lOther freight tF~ bullbullbull __ 4686743 1942004 2744739

Total-Transportation revenue bullbull __ _ SI6837693893 $16785970322 $ 51723571 ~~~ ~

0INC1E~~ raquoshy

Dining and buffet __ $ 81091104 S 84213270 $ 3122166 d Hotels and restaurants_ _ _ _ _ 1767489 1926021 1-58532 llt

StatiOll train and boat privileges __ bull __ 9249111 8108090 S 1141021 Zgt

Parcel room 00 32120 39910 7790 o Storage-Freight 7831046 6984100 8469pound 0

gtStorage-Baggage ~ _ _ 1001684 1139021 13733-7 a Demurrage _ 54543822 48771453 072369 ij Telegraph and telcphone _ 8726654 9081199 _ 354545 o Stock y Brd _ bull bull 7845447 6244578 1600369 0

Power _ ~ __ 4792661 34089431 13amp3718 Rents of buildings and other pronertv 12726098 12041392 6S-f706 Miscellaneous __ 48143909 38100350 1004355~L ~

tgtshyTotal-Incidental revenue $ 237751145 S 22005832711$ 1769281~ O

JOINT F~CILlTY I LI o -loint f$cility---Credit 00 middot 00 $ 60847381 $ 49573660$ 11273721100 ~

Joint iacility-Debit 153883 119370I 41513 TotaJ-Joint fadlity revenue $ 60693498 S 49461290$ 11232208 -lt

z Total-Railway operating revenues $17136138536 S1705548993~$ 80648597 ~

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

sect Qtgtshy

JUSTEs-CE OF W T _~= ~_ - fe Hl29 (a) 1928 INCREASE DtCREASE _2 Superintendence - - 1796308671$ 164316881 $ 15313986 $ Roadway maintehanre _bull - 194370047 199290505 4920458 E Tunnels and subways - - - 590973 1520411 929438 ~

Bridges trestles and culverts - 153177582 157594866 4417284oOoO

Tics - bullbull 4861552119 496542889 9990770 ~

Itails 131393297 151608184 20214887 -~ Other track material -- -_ bullbullbullbullbullbull 169856034 174558576 4702542 OJ

Ballast - - - - bullbullbull 95120470 79905394 15215076 ~0 bullbull e __ bullbullbullbullbull bull bullbull bull

Track laving and surfaeing _ _ 650632457 705686765 55054308 --r

Right o(way fencesmiddot - _0bullbullbullbull middot 21597821 22924531 J326710 gtshySnow and sand fences and snowsheds _ __ __ 2655295 4577179 1921Bamp4 shye

shy

Sation and office buildings - _- bullbull 81866942 80506488 1360454 bull zCro~sings and signs bullbull 47695921 41954823 5741098 _0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

= 2osdway buildings - _bull e_ bullbull __ 14929141 11501694 342-7441 _bull 73-= stations -bull _ 2)237330 22285047 69522si - F~tlations _ -_ bull __ 12803873 12924350 I --s bull

-= illd enginehouscs _bull __ 76484044 700190521 54yen~bull

-f shy

~sectI-- esand docksbullbullbull 3663744 4535535 --rl ore wharves bull_bull __ bullbull 7652401 5027675

_-~ and telephone lines 0 __ 30615118 275ltWgto06i ~--

_----~--=- - - - --~-~ rl interlockers _ _ -H__middotmiddotmiddot 643 ~

67200 123~ 75~2

395615 1918906 267 gt

11011316 ~~s7 IW 9S b~ t~~~~~~middotmiddotmiddotmiddot~ ~ =~~~~~ ~

o

9590961 ~~~~ 0e=rxrs JlIdmiddotfhtures __ _ 1118922 gtshy

I~

~ _ eo~~1ie purposesshy13 1928 inclusive Inclces operations of Chicago ~naukee and St Paul Railway ~---=-hnuary

ltCo

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

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2 Z K

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5 ~

gtshyo 8 ts ~

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

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d

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

RAILWAY OPERATING RAILWAY

MAINTENANCE OF VA1 ND SrRUCTURES-C = Miscellaneous structures Pavingbullbull ~

Roadway machines ~iI51

Smail tools and supplies oo~ ~ shysRemoving snow ice and sand ~_7=

Assessments for public improvements a~ FsInjuries to persons _ bull x ~- ~~

Insurance __ =-middot]53 cgtshy

Stationery and printing ~

tjOther expenses _ l3l Maintaining joint tracks yards and other facilirie-J Maintaining joint tracks yards and other fae ~

Total maintenance of way and structuresbull _ __ _ _ ~ - _ _ =-_ bull -- __ ~

C MAINTENXCE OF EQUIPME~--r t

Superintendence ~~tt1504 ~ ~ bull ~ gtshyZShop machinery _ 12018594 oe

Power plant machinery bull 2203837 Power sub-station apparatus __ $ 123 Steam locomotives-Repairs _ _ 25735855 _ ~

Steam locomotives-Depreciation __ lt_ bullbullbullbullbullbullbullbullbull _ bullbullbullbullbullbullbullbullbullbull 15735813 BSteam locomotives-Retirements _ 51 17425663 35S ~ 3690784 ~

Other locomotives-Repairs gtshyOther locomotives-Depreciation 3VjO-~ 12587391 ~ Other locomotives-Retirementbull iXlideg 68305 __ Freight train cars-Repairs 8287050H 020611198 8094416 ~ oFreight train cars-Depreciation ~51a-ll6b2 341884334 9~57348 _ Freight train cars-Retirements

J

16922278 8163633 8 58645 8 Passenger train cars-Repairs 225952033 221004L4) 4947893 ~

Passenger train cars-Depreciation 53878275 38988263 14890012 ~

Passenger train cafS-Retirements 14492776 3058455 11434321 Z lt

For comparative purposesshy(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

_middot~3XPEISEs AND I NCOME-CoXTJgtltUED ~ G EXPENSEamp--CONTlNUFO

Cl ~

MDiTE)iACE OF EQLIPC=)-poundno - 1929 - (30)1928 lNCREA-SE DECREASE Cl

~ Motor equipment of ell-rs-Repairs~ _ ___ __ S 10790985 $ 511750a 5673481 _0 Motor eq~pment of cars--De~reciatia bull__ - -__ _ 1121812 901221 220591

~Motor equipment of ears-ReHremenigt _ bullbull __ 9405 $ 9405 tFloating equipment-Repairs bullbull~___ __ bull _ 1946260 1202384 743876 JFloating equipment-Dc-preciation _ __ bull bull 962913 893306 69607 gtshyFloating equipment-Retirements __ bullbullbull bullbull 1821344 1821344 ~ Work equipment-Repairs __ __ bull __ 90690088 82343112 8346976 tJ Work equipment-DepreciatioD __ bull_ bull -_ 8499360 1651011Q I)107fIO ~

Work equipment-Retiremtnts _ __ 1269313 211084 1486397 ~ Yisce1laneous equipment-Repairs __ __ -bullbullbullbullbull 1205617 894911 310706 bull ~fuullaneousequipment-Depreciatioll~__ __ 1874274 704493 11697$1 _ ~

e11aneolS equipment-Retirementt n __ __ 19775 2500 22275 8--~ries to persous _ _bullbull __ 159l2277 14680622 131105-5 gtshy-~ce ~_ 386961 82818991 ~~94g38

~-Olery and printing __bull__ 3110485 3401102 __ 90617 S ~ expenses __ __ bullbullbull _ 3388460 3038010 350 shy ~

f~inillg joint equipment-Debit _ m 15485977 14803013 ()

or~ing joint equipment-Credit __ ~~ _ 181786 1924559 106698 ~ a-- bullbull maintenance of equipment bull __ is 3113644580 $ 2995541125 S 1151 (13-4-55 ~

gtshy

TRAFFIC 18 770266431$ 7397598318 3030600 o ~

~ici-- 173433540 168560124 4E13416 gt 89310930 86567059 21~71 o

to ~e3EOns _bull bullbullbullbullbullbull _ __ bullbullbullbull ~ 13791699 10499931 3291768 - _ci immigration bureaus 9860804 7934716 19~3S ~7=-_ __ 69003 11 93745 _$ 2 24742 Xi7J~--d printing 22707214 19912156 295058 z

lClSeS 103734 231374 -- --- 1 77640 gtlt $ 3863535671$ 367775088$ 1sectSL79

Fo- comparative pmposesshy

(s)Includes operations of Chicago ~filwaukee and St Paul Railway Receivers-JanuaTY 1 to 13 1928 inclusive

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

ES ~

8 ~

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~

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~

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5 ~

gtshyo 8 ts ~

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lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

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~

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SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

RAILWAY OPERATIXG 5 ~~~~ A1) INCOME-CONTINUED RAiLWAY --S ~ __ bull 3ES-CoNTINUED

TRmiddot~SPOrTATION I 129 (3) 1928 I INCREASE DECREASE

Superintendence __ S-29958iI$ 13177896018 3520623 Dispatching trains bullbull _ -T205359 72363590 $ 1158231 Station employes _ _~63491 52 814203888 12645264 Weighing lDBpection and demurrage bureaus __ bullbullbullbullbull _ 26132328 25352723 1379605 Coal and ore wharves bull __ S393590 7637724 755866 Station supplies and expense ___ -gt9SI5637 44856491 4959140 Yardmasters lIIld yard clerks __ _ __ ~_~~39136 152098791 1240345 Yard conductors and brakemen __ __ ~~93478 439993306 328001-72 YftJd switch and signal tenders _ __ 32473294 31929180 544114 Yard enginemen 31jS15426 292949001 22866425 bull Yard motormen 4477081 4535772 58691 uel for yard locomotives 171087445 176461354 5373909 Yard switching power produced 599014 562520 37094 Yard switchinJ power purchased __ 3351049 3374464 23415 Water for ynr locomotives 13967939 13590382 377557 Lubricants for yard Locomotives 2842644 2877416 34772 Other supplies for yard locomotives 42371S9 4136256 100933 Enginchouseexpenses--Yard 99191939 102809719 3617780 Yard supplies and expeuampes il71830i 5579304 1139003 Operatng jont yards and termoals-Debi~ 183347551 181016470 2331081 Ope~atJ ug JOIot yards and telIlllllals-Credit 21529135 21795522 26(1887 Tram englllemen 706443758 676870785 29572973 Train motormen 55501718 56385096 883378 Fuel for train locomotives __ 788992792 827915102 38922310 Trin power produced 15147163 14584705 562458 Train power purchased 107958209 111224834 3266625 Wat~r for train locomotives bull 6520i799 57951379 7256420 Luhricants for train locomotives 18339581 18055626 283955 Other supplies for train locomotives 14082649 14163859 81210

For comparative purposesshy(It)Includes operations of Chicago Milwaukee and St Paul Railway- Receivers-JaDuary 1 to 13 1928 inclusive

3tiL-10tlttS bull ~EXSES A~D INCOME-CoNTINUED - ITPENSE8-CoNmiddotUNmlD

TaS5POlITITOS--Cgt7rxiec 1929 (a)1928 ]iNCREASE DECREASE

Enginehouse expenses-Tram ~____ __ 1$ 165095718 $ 171758534 S 6662816 Trainmen __ 830670920 802645773$ 28025147 Train supplies and expenses bull L 255639183 243462648 12176535 Operating sleeping cars __ _ 50899441 53317490 2415048 Signal and interlocker operatio 49255074 49084449 170625 Crossing protection _ 44968168 48696447 37~279

Drawbridge operation _ 6375i07 6627822 ~U2115

Telegraph and telephone 0perMion _ 43301868 38307245 4_994623 Qezating floatin~ eguipment 11043828 11727650 -- -- -- __ I 0-53 21 ~snoDery and pnntmg 23334013 23740419 __ __ 406406 -~ expenses _ 10027595 9428332 --e=ring joint tracks and facilities--Dei 65325116 615219591 6imiddot-cJ =eo-ing joint tracks and f~cilities-C-c--~_bull_bull_ 28512128 ~94876S9 T5511

middot-----lce _ 3818536 5219386 400850 i--~ wrecks _ _ _ 12733464 10860990

e to property _bullbull 9199413 6136144 ~~~_o Jive stock ~n right of way _bull 10900577 1321929

88531294 558648 203096 1352~~~~~~~~~~~~~ 62646611 490S37pound

~ ~ -rsnsportation expenses __ S 6047144769 51 58amp~ ~ ~

-1ISCELLANEQUS OPElLtlOY~_

__~r=it- 3crvice __ IS 1241627 121 $ bull)cSO71 ~~--=_~iints ~ ~ ~ bullbullbullbull ~~ bullbullbullbullbullbullbull ~ ~ bullbull ~ 22412m 613331~middotmiddotmiddotmiddot 4WSSS

~JCttL--6 5848723 raquo--z -lt ~oid 2409372 ~S3i371

1 I 1-----shy

aneous operatiollO IS 134662054 $ 23537

cunpratie purposesshy(ajIneludes operations of Chicago -Hlwflukee and St Paul Rilw8j Receiwl-January I ~D 131928 inclusive

~

9 ~

~

~I t=1 j=l

~

f gtshy8 ~

Il

~

o S o

~

t=l 13 gtshytl

8 ~

2 Z K

ES ~

8 ~

S ~

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~

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~

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5 ~

gtshyo 8 ts ~

Z K

lt~

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

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d

~

~

d

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o lO gt

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8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

RAILWY OPER1TIXG RAILWAY

~~~middotr (a)1928 INCRESE

-= Salaries and eqgtenses oi geJe~ officers bull~ - __ ~ ~I4160A5 $ 436689051 S 2525 = Salaries and expenses oi clu~ and attendantsbullbullbullbullbullbull_ ElO9S280 286596703$ 10001577 E General office supplies and EtpenSeS bullbull bullbullbullbullbullbullbullbullbull g06394 13446147 1960247 Law expeIl8es __ bull__ bull 5-49047 51939262 11000215 lInsurance _ 1H853 159471 37618 z Statio~ery and printing __ ~b()984 16071646 2318338 ~

ValuatlOnexpcnses _ 4-J2724 8215656 6227068 shyOther expenses _bull 11 1742427 8050475 13991952 c

~

General ~ont fac~~t~es-Debi~ _ r 13076428 13141684 665256 t=J General Jo~nt 1acll1tJes-Gremt _ 842926 8674JJ8 24537 pound=l

Tol 001 bull __ ~ ~~iO256IS 442222486 S 22477770 ~

gt-j gtTransportatIOn for mvestment-Gredit ~ OOu8JO S 11897990 $ 13307850 c

Total railway ltgtperating e)pen~es ~1lSS00860 77 S125240o3134 1 356022943 L

Z toSDBllRY

o I

I _ 192~ I~ (~)192S I INCRESE I DtJCRBASh

~

o Ra9way operat-Do revenues 1113613Sltl36bull 170Cl54SJ939S 806485971 -shy ampRaIlway operatmg egt-penses 128800S607712524063134 356022943

~

Ne~ railway operating revenue S 4256052459 S 4531426805 $ 275374346 5~nl~ay tlX acc~uals 964S91233 1023943348 59052115 o L licOitectlble ratlway revenues 1258911 469705 S 789206 8

ISRailway operating income $ 3289902315 $ 3507013752 $ 217111437 Z

For comparntive purposes- gtlt

(a) Includes operations of Chicago Milwaukee and St Paul R~ ilmy ReceiYers-January 1 to 13 192-8 inclusive

bull bull ~1ll~ATIYE ST~ PERATING REVENUES AND EXPENSES ~ER 31 1929 AND 1928

G REVENUES

I 1929 o

sect2 _0

AMOUNT I PER cENT Freight revenue sS137 17643150 8005 Passenger revenUe _ _ shy1675329689 978 ~Other traUllportation revenue _ 1444721054 843 gtshyIncidental revenue _ c237751145 139 oint facility revenue _ gt60693498 35 ~v~V~~o7U bull ~ t=J

RailwlLY operating remiddoternes _ $17136~3R536 10000 ~~n ~ bullbull nn_ bull - tl

~---=-Y OPERATING- EXPENSES ~

cen1l1lce of way and structure~ ~ __ __ $ ~7S~86~81 1627 S ~~~~ _~ ~~~i t

n-tenance of equipmentbullbull bullbull 31136080 1817 _955=--l ] )6 raquoshy=--o-=c expenses __ _bullbullbull_bullbull 386353567 225 355(SS 216 Z - -xgtnation expenses __ tl

6047144769 3529 as~S = 3453L=-cneols operations bull ~134662064 79 3Jo1Si 77

~nses ~ _bull 464700256 271 -L~~S5 259 o ~ middottJltlOn for Investmcnt-CreUltbull __bullbullbull _ -550058middot40 J 5-=-_J 25 ~

~(lY operating expenses __ __ S12S8008fgtO77 75li3 f~c ~ti63l~ 7343 o ~ gtshy-REOAPITULATJON -lt

~rsting revenues 1$17136138536 510000 shy-e~lDg expenses 12S800860i7 o73A3

-----+----------1----shy- bull gtIJ~ ~ tmiddot e ue __ S 42 ~60 v124 I) bull_-=----_~ ~ igt ~ 051 )Q~_= -ampy operaw~revn __ JV middotv V~oUi~_LltVO 57 ~ I

~= poundfS in operation during the yes including miles of I I gt

=-6 ~ csed Wlrler lealtc and tracbge rights 11N~37middot 1125131 z -lt

=[E comparative pUlposesshywaIncludes operations or Chicago ~li1wau1ee and St Paul RaiJway ReceiltIJ-Jaouary 1 io 13 1928 inclusive c

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

gt=ltmJER 31 1929 =

HtiLshy RAllWAY l COLLECTshy RAILWAT I EQUIlMF~T I~ET llliiY shy1929 OlER= OPIaUTING -[pound RAITWAY OPFlUTING AND JOIl~l FA OPERUSshy ~

RBVE=~ EXPENSES REnNUES I INCOllIE CILITi RE~T INOO

January $ li2624an51 S 995286016 $ 2Di1 10277 S 182763858 S 48449963 $ 134313895

~February 1230067166 D464ISO18 289fiZ_~ 13736 210662412 5966()339 15lm930i3 gt ltl March ]372212120 1021062938 3511491~ 89766 272083416 52753414 219330002 tl

1gt ApriL 133Z7~8i 1051616413 2811)n7~ 77632 202078642 35J03672 166074970

~

May 1426399769 1120245540 305L529 155342 227022887 44827008 182194889 ~

JUDe 1458315542 1143149624 31516591S 92391 256173527 47223983 208949544 E=

July 1553299962 1174929813 378370149 I

39123 296231026 55670404 240560622 8 ~ August 17242860681 1205283438 519002630 30054 422172576 79732286 342440290 a gtJSeptember 1610777706 1129682671 481095035 105898 390289137 79145716 311143421 a

J October 1646630367 1124679181 52f15U8li 103753 425847433 72300492 353546941

~

~ovember 1290356160 1005960837 68-IXMHX 456127 215539196 44216179 1713230172843953231 ~

Detember 1222575838 961774588 260801250 71687233 75812 189038205 43376534 145661671 v

~

~

Total 18111361385361$128800860771$42560524591$ 964891233i8 1258911183289902315 $ 662469980 $2627432335 z -lt

STATEMENT OF COMMODITIES TRANSPORTED DURING THE YEARS ENDED DECEMBER 31 1929 AND 1923

1929 Ca) 1928 ~

pCoMMODITIES To~s TONS

CRToADS middot Per CA~W~DS

I Pr

Number eent of Number cent ltIf stotal t-otgt] gtI 8

c

PRODUCTS OF AGRICULTURE ~ Wheat 44487 39 4S-t 21MlSOi middotL320180331 00Corn 31532 1277328 25 r555 L~---rl4 31 3 Oatmiddotg bull 15949 576283 11 ~~~ ~464 12 d

11482 462854 9 i-=oc -ia532 r 12 gt0shy

~~~ ~~ ~~ 170 4287 ~5Ot 403 11338 - 300 shy

G-~ ~h~~r 32294 840514 16 896 18 z orl COIDbullbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbull 54 1193 - 1r03

rr and meal edible n o s 1197 30357 1 5--224 1 ~

~ load preparations edible n o s 3321 68750 J 50672 1 a loT =oducts n o s 24068 567014 11 ~50201 13 ~ -~- ~~ alfaUa 6408 86215 100665 2

3235 41217 51427 1 ~

2447 35 035 26599 1 ~

45 750 2522 l 243 4152 4-197 12

tj22 424 760 850 21ro 120792 1 8

5347 poundlt554 - 69051 1 610 9~ 11800 ~ z

gtlt rp~pound--e purposes-shy

keIailes operations of Chie~t Wwaukee and St Paul Railwy R~--janlllry ~ middottd3 1928 inclusive

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

bullbullbullbullbullbullbull

~L-iTE~1ENT OF CO~nODITIEE- TRAfSPORTED-Continued

DURING THE lE= iD ~ER 31 1929 AND 1928

1829 (8

CO]QD=US TOgtlS shy~C===--E-I Pcr CARLOADS

X umber cent of -shy~ total ~

~

PRODUCTS OF AGplcuIT~-Conclutled gt Apples fresh i~-5 37110 1 I 4146 1 8

Ban~nas 4mb ~)2031 3934 1 ~

L--iBernes fresh ~ 4476 bull 497 Cantaloupc and melons n o s 1451 6GSO 1021 rFl

gt-3Grapes fresh 5563 1U2943 2 8367 3 Peaches hesh 795 9793 1135 ~

Watermelons 39amp iilQ2 339 ~

Fruits fresh domest-lcD o s 3942 53807 1 4301 _1 ~

Fruits fresh tropical n os 143 3218 136 Potatoes otIlcr than sweet 6973 1228352 56lt17 2 8 Cabbage 2924 392731 3822 1 gt

Q

Onions 1370 18441 1108 -461 o Tomatoes 793 12789 61)5 1016 ~

Vegetables fresh n o Boo 5429 751471 5477 4097 1 o Beaos and peas dried 1220 332281 151531 39474 1 sFruits dried or evaporated 846 234221 1097 32079 1 egetables dry n o s oo 322 83~7 443 7496 v cgctllblc-Oll cake and meal except cottonseed 2433 564581 17$2 39315 1 ~

Peanuts 424 6454 524- 8057 b Flaxseed 346 11991 242 9709 8Sugar beets __ oo 2695 1027882 2838 104783 2 Products of agriculture n 011 10332 275340 5 I 12669 352666 7 is

I 1__ ~

-I - 159 Z Total Products of Agriculture 241952 72454151~ I 2654061 7915663 lt

For comparative purposesshy(a)Includes operations of Cbicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

~~ 0IT7

1929 (11)1928

00lolOl= TONS TONS o~-DS Per CARLOADS Per shy

Number cent of Numbcr cent of ~I total I total s ~

ANIMALS AND PRODUCTS a Horses mules ponies andasse S15 44SS5 1 3402 30707 1 0shy

eCattle and calves single-deck 5203 629923 12 59911 684-144 15 ~

oo _

Calves double-deck _ 532 5828 53 650 tlyJSheep and goats single-deck 3345 26~5 1 3615 3O1amp 1

Sheep aDd goats double-deck 4312 47866 1 3685 ~7Ji 1 -3Hogs single-deck 61630 535731 10 65359 oS9 1 ~ 1(253 -

Hogs double-deok 15553 191392 4 3 gt resh meats n o s _ 29863 399087 8 2S3iO shy~~ts curedl dried or smoked 2632 45755 1 LSW gt co nerine and margarine 79 963 z ~ ng-house products edible n j ~ding

-~

-~~d meats 6670 123485 2 2 ~-==--y live oo 1313 14598 ~-~~

~ - dressed 1634 20049 1 rl shy~ _-- ~ ~ -_ 6031 71478 1 3141 I 1 c

Ol 5546 67545 I 1 ~samp) 1 5009 64309 I QI)630 1 ~ I

1224 18573 Imiddot 19314 I ~- 38l4 89478 84821 2 6

gt ~ --~ 769 1 044 1U27 I

5473 I ) 8~ ~liIDal oil 183 3858

~ ~7C n O s __ 24 3S4 823o lS ~- ~ ~ts n o s (other than ierilizers and erlalb) _ 6779 13SAr 145288 I 3 gtshy

Z1---shy -lt TvslAninmls and Products 215960 2547411 51

For C)IDpamprative purposesshy

(a)Includes operations of Chicago Milwaukee and St Paul Railway Receivers-January 1 to 13 1928 inclusive

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

5TE)fENT OF CXgtYX3middotmiddot ~ I ~SPORTED-eontinued ~

DuluNG THE y~ Es= --31 ow bullbull = 31 1929 AND 1928

__9 (a) 1928 ~-

TONS TONS 0ltltJl(j) JITlES

~ - --- CARLOADS Per-Per _l1Ilber cent of Number cent of total I total

PRoDUCTS OF MIlEgt Anthrucite co~d ~~ _ ~249 5 7655 276529 6 Bituminous coal ~~~~pound ___c05467 194- 182891 8593597 174

- --Coke ----- --- ~3038 10 15772 485351 9 Iron ore 37~--- 132914 41 34986 1838347 36 Copper ore and concentrates -- -- J51405 3 4155 234493 5 Lead ore and concentrates -=t- 1694 25 884

=-Zinc ore and concentrates -lt - ~S42 1 252 11422 Ores and concentrates n o s L5~ Sl554 2 3778 199075 4 Gravel and sund (other tban glass or moulding) iG~ 1246992 82 83060 4497715 90 Stone broken ground or crushed 12484 650504 12 15045 764586 15 Stone rough n o s 1071 ~V312 9 12914 610115 12 Stone finished n o s 320 1lltt526 2 2333 85402 2 Petroieum crude 2620 S7i55 2 4205 141286 3 AsphJllt (natural by-product or petroleum) 14-13 49657 1 1139 38928 1 Salt 5429 148899 3 4909 133440 3 Phosphate rock crude (ground or not ground) OS 2044 81 3324 Sulphur (brimstone) 701 31346 1 635 25130 1 Products of mines n o s 3741 150221 3 3105 118833 2

Total Products of Mines 396163 19304719 372 376946 18138457 363

For comparative purposesshy(a)Inciudea operations of Chicago Milwaukee and St Paul Railway Receivers---January 1 to 13 1928 inclusive

ST~-T TRL~SPORTED-Continued DicEYBER 31 1929 AND 1928

1929 (a)1928

TONS TONSCoMMODI~

CEl-Oms Per CARLOADS Per Number cent of Number cent or

1 total toteI ~ =DUcrs OF FORESTS

Logs bull 98949 3681341 71 74 Posts poles and piling 12098 370477 7 6 ~ood (fJel) 3610 111953 2 2

es rallroadbull 3069 103847 2 2 -- clpwood ll998 447681 8 9

bel shingles and lath 101150 2782937 54 57 crate and cooperage materials 4786 103642 2 2

7~r and built up wood _ 309 7515 ---~- 1002 29169 1 1

I bulltine 61 1461 ~bber (not reclaimed) 76 1835

~of forests n o s 3891 90867 I l 2

~r-l_Total Products of Forest 240999 7732725 I 149 754280 I 155

rative purposesshydes operatiODll of Chicago lliIwaukee and St Paul Railway Rece~~-3lO1 13 1928 inclusive

$ 15 ~

~I~

$5 ~

d

~

gtZ tl

~

9 5l o ~

~

~

tl

8 ~

z gtlt

~

p

15 ~

gtshyC

[J 1=-1 w ~

d

~

~

d

sectgt

o lO gt

~

gttl

8 ~

d gtZ -lt ~

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

SrATEMENT OF C~ =~~ __~SPORTED-Continued

D~RING THE YF~ _ - P 31 1929 AND 1925

S29 (a)1928 ~

9 TONS TONS isCoMMODlTlES

Per Per Xumber cent of CARLOADS Number cent of --~= l I ~ total total

~

tl tlMANUFACTuRES AND MISCELLANEOUS

Petroleum oils refined and all other gasolines 2055972 40 64626 1782422 36 ~

Fuel road and petroleum residual oils n o s 594205 12 17188 542867 12 gtdLubricating oils and greases _ 118764 2 5224 121781 3

~ Petroleum products n o s c 4672 178 4592 Cottonseed oil 1611 174 5354

tolt gtshy

Linseed oil 19666 ~

1139 I 28729 1 2 IlVegetable oils n o s 7 25136 1 1410 II 39993 1 gt-ISugar (beet or cane) 205082 4 7269 228872 5 gtshy~Table sirups and edible molasses 90313 2 3740 112076 -~

Molasses black-strap and beet residual 13394 59 2347 Iron pig 291905 6 5444 2S-523 6 S

~

~Iron steel rated 6th class in official classification raquoshyn o s 5i-shy 40592 1 1050 51517 1

Rails fastenings frogs and switches 12 51848 1 1060 40983 1 Ca~t iron pipe and fittinps 17202 -_ - 722 18246 - ~ -~

IrOD anq steel pipe and fittings n o B 16~ 489693 9 7171 210827 A d Irou and steel nails and wire not woven 3162 74584 1 2505 59385 1

~

For comparative purposes- shy

(a) Includes operations of Chicago Milwaukee and St PmJll Railway Receivcrs-January 1 to 13 1928 inclusive Z -lt

STATDfE=--T OF UDtX bull=__ -2 TRANSPORTED-Continued

D-=poundEilllER 31 1929 AND 1928 sect 1929 (a)1928 o

~

middot0TONS TONS CoMMODITIES

C-3wWS I I Per CAJUOADS I I~Per

NU1Jlber cent of Xumber cent of middot~

total total I gtshy

I ~

~1middotXUtAcruBES AND MlSCELLAlOUS-ea~ ~

Iron and steel rated 5th class in officisl pi ~s=F~i

27 ~~ n o B (also tin and terIe plate) - _ - 47532 1744283 34 42394 1m56T 1lAJpper mgot matte and pIg bull - - _ 1302 55992 1 l~~

--0 1C-oppel brass and brome bar sheet ~-o=bull 554 26813 1 ~~ c iIesd and zinc ingot pig or bal _ - 1882 88728 2 W79 93112 2 I

~um ingot pig or slab 19 398 1 223 ~

~hinery and boilers bull - 17231 306694 gt5980 298404 6 t _ wt natural or Portland (building _ 28412 1078924 ~jt74j ]133329 23Jf

I

--- common amp745 300161 ~A93 344685 7 ~

210580 7455 223396 4 ~ ~-~ n o s and building tile - - ~ 6845 shy=--rll stooe n 0 s 2418 73535 1 1896 57044 1 ~

~-o-nmon (quick or slacked) __ 451gt4 95423 ~ 5310 115391 2 ~

~J ltucco or wall) and dry ka~bull 3I12 97789 I ~ 3671 118458 2 ~

5= - == oe and drain tile (not metal) __ 8429 ~713451 ~ 6315 131661 3 ~

-=l implements llnd parts n U __ 15367 219864 16389 227401 5 lt5609 8586 shye_~ trse-drawn and parts 0 o 546 7410 I-= ~rl Jarts __ 7733 106693 2 5564 73254 1 o ~gt--~I ca wheels axles Qlnd trucks 243 6197 397 13869 8 _ ~- (oassenger) _- 38652 239 Hit ~5 39040 245934 5

gt-I gtshyZ

~ n-five purposes- -lt a)Ineludes operations of Chicsgo ~jilwaukee and St Paul Railway Receiers-January 1 to 13 1928 inclusive

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

bull1]1 ~ ill 31~ TiEMENT OF OOlOu - ~SPORTED-()ontinued = DURING THE YEtliS -shy 31 1929 AND 1928

Jv9 (a)1928 ~

OYlrllODITIES Toxgt TONS p

1 Per CRWDS Per 8~cmber cent of Number cent of gI total total

gtshyd ~r1ANUFAGrUREIl AND MJSCElLANEOus-Continued

Auto trucks gt bullbull bullbull t=l

fl814 867 9417 P Automobile and auto trucks k d and parts n o g ~Q-shy

~v)) 7 13717 225700 5Automobile and auto t~rLck tires ~ 11962 1081 15584Furniture metal tl7259 268 3801 gtshyFurniture other than metal 50553 1 5585 5117middot3 1 d

tBeverages _ ~0-3625 2 4597 9365~ 2 gtshyIce 12il735 2 3925 143279 3 zFertilizers n o s tlm891 4 4224 IJ9659 2Newsprint paper 113929 2 4080 107128 2 ePrinting paper n o s bull 54505 1 1309 31191 1 ~ Alcohol~ denatured or wood 11909 522 ll802 1 Sulphunc acid ()16120 253 10615Explosivos n o s ~54 8408 407 6372 gtshyCotton cloth and cotton fabliics n o s 205 2127 260 2656 ~Bagging and bl1gs burlap gunny or jute 308 7331 314 6511Canned food products n o s 520766 ~72330 9 17308 397173 8Tobacco manufactured products gtshy

~ 955-S 612 10179 tlPaints in oil and varnishes 1)99 37305 1 1489 34222 1 oFurnace slag 71 o3jS2 80 4192

~

For comparative purpOses- zgtshy

(a)Includes operations of Chicago Milwaukee and 8t Paul Railway Receivers-Januuy 1 to 18 1928 inclusive gtlt

5T~TDISl c J~ruODITIES TRANSPORTED-Concluded -- E~DED DECEMBER 31 1929 AND 1928 a

I a

1929 (a) 1928 is ~o

TONS TONS ~ Coll[llODnT~

CARLOADS Per CARLoADS Per ~ Number cent of Number cen of shyI total tntal dl

~~h-UFCrURES AND MlSCELLXEO(S--ne roSerRp iron and scrap steel _bullbull _ _ _bull 318610 ~8119 6 66SO I ~

-JPsner bags and wrapping paper _ 4477 107289 2 3 U8 2 tlPsferboard pulpboard and wall b~ _~euro bullbullbullbull 5763 132593 3 i528 2

ing paper and prepared roofing n~ bullbullbull 3623 90474 2 274-5 1 ~

ing woodwork (millwork) _ __ 5003 91086 2 amp00 2 -gtC~lalld washing compounds 1735 37228 1 1-- 1 ~

S_ flat other than plate 334 9281 tl

--0 bottles jars and jelly g~assesbull _bullbull 2677 44827 1 3amp5 1 ~

r-sct-ures and miscellaneous D o s 114311 2201849 43 39 g1----1shyTotal Manufactures and M r-eous 553435 13597210 262 242 a

tl1= raquoshyGR-liD TOTAL CARLOJD TIUrr 1648509 50429487 971 970 t=

~ llI L C L Freight 1524221 29 1507733 30 gtshy1-----1- o

~-gt TOTAL CAIUOAD 11gt L C 7lIlC 51370S HXU) 49948773 1000 o o Z

wtigtgte purposes-shy ~

)lnclud~s operations of Chicago lilwaukee and St Paul Roiw) ReeriErs~J=uary 1 to 13 1928 inclusive gtlt cn

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

In 1I11IlJA(JO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 47

MILES OF TRACK DECNMflIR 31 1929 TRANSPORTATION STATISTICS

Not FOIJ nm Yl1lAIl6 ENDED DmcEMDEIt 31 1929 AND 1928

OpomtcdlOpcratedl Totul ---- 1921) (a) 19281Mile of Rond middotOwned solely 1010088 2437 1012525 Average mileage of ronu )ll1rlLLlid-Total 1124837 1125131Owned jointly 10102 10962 Average mileage of fOlld-IrrciKht service 1124485 1124779Leased a[jl3~ 3(l133 Average mileage of lOld-IIIHHlln~crBervicc 1054847 10amp1298Trtlcmge rights G7(100 67600 -----shy

llulIN MIIJeli---middot1 1---shy lreight 1932989G 18016705Total main tracle 11124783 4a71 1127Z20 PUBsenger 16219840 16706279

Mixcd-Freight profll1l1iiHI 1236198 1235019Additional MttiJ tracJls Mixed-Passenger plflpOI((OJl i bull 241076 269244Owncd solely 108337 1532 109869 Special IB369 15608Owned jointly 1001 70 1071

Leased 44J2 4492 Total tran~pOltlLtiOlIJlIlvll41 l7042i7J 37132355Trackage rights 15713 157 13 Work service IHo((lZ 1326924Total additional main tracks 121)543 16021 131l45 -- -shy---I 1--- LOCOMOTIYE MUJls

Yard tracks and sidiD~ Freight l IOU -11~ lll1ifl7273 Owned solely 315268 77P 31604(1 Passenger 1lIOIO7 I HI lolA7fUgt Owned jointly 211 lAI 213O(j Mixed train 1600711 1ti17l)ifiLOILqd J7~ 22472 Special 18502 IIIK71 [mCkII~ Ii(loltl J1171 4~iO73 Train switching 3070755 ~H7)OIJ ~I-- Yard switching 11137204 10592497

)IIII Ylltd -Iludell nd III00hIIII q- I I Illtl~~ H2111_32897 Total transportation service 53000375 53085022

0lwlIlIlI IlIllollr II bull I i I middotIf1IlIP1 middot11A7 1-1nlHAO Work service 189(477 1726815 1111111111 lhV bull 1 I bull tit bull f I I ~ I bull bull bull llllli ~~1 ail3 -----

CAn MILES t I illbullbull I It t I bullbull I bullbullbull bull lfUUUIiI m30l7 63097 Freight train-Loaded 593711342 1)91688761lIIIUlllll(11 IIlhll bull 1()UW 126386 Frcight trllin-Fmpty 348285140 342316961

( 11111 lnliil1 nil ~Imiddotatlw 11686294 - 4968 lO91262 Sum of loaded and empcy 941996482 934035722 Freight tll1i n-Caboose 20215673 198538J6 Freight traiD-Exclusi ve work equipmcnt 2866617 2663899

AVOlugc milo of main traek in operation during the yoar OWlICd olely 1OI028G miles Freight train-Total U(Ii078772 051103617 Owned jointly 10921 Pusscnger train-Paasenger -2()31002amp 27R2UIlfgt2Leased 36133 PlSBenger train-8leeping parlor and obsor-Operated under trackage rights 67497 vation 35810300 36OU63J

Pussenger train-Dining 5688276 5587412Total average miles oporatod 1121837 PUBsenger train-Other

gt bullbull

36239162 35077788---_Passenger train-Total 104107763 104517391

lllil lillll~ of rond owu)d Aollly Ilud joinUy IIrc located in the foJlowillf(I-IbILIIIII Mhed train-Fleight loaded 6917828 6733120

Vfixed train-Freight empty 4191110 3919307WIH(l(IlIlIlu bull 17lt1717 Ilile~ Vlixed train-Caboose 1)06l7 1211871I1InOiHmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot I bull - 417li2 Mixed train-Exclusive work equipment 161192 161067Iowa 1~IJOl7 1IIixed train-PlIolIsenger 1510354 ldD3fiOMinnesota 1212()1l Mixed train-Sleeping parlor and observashyNorth Dakota 7 bullbullbull bull bull bull bull l171

tion 0 SlII 001shySouth Dakota 1711fiU2 bullbullbull IMixod (min-Dining 7ll 1middot I MiR$Ouri 11025

MixOll train-Other passenger train 000101 71lUmOMiehigan HISSO Montul1 12J[I08 -- -shy

Mixed train-Total IJtl1 11111 llllflHlIjIdaho 2IJO110 WMhington O~138 Irll (Hlmpl1rntive pUrpltlSQllshy

(n) Includes opoln(ion1 elf (lhilllIW MllwlUlltClIl IHul fH I ILIII UI~lJwAY

Iolnl maio track owned solely and jointly 1021187 miles Rccciver~-Inlllll~IY I lu HI I lilli IIICIllllllvll ---~

1IlIlIIl(lOR 07 mill)R of track leased to Des fIIoincs Union ltv Co but ( InJltll1lllld 111141) lin hy 0 M Rt P amp P R R nndor oontract

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

--

lIIOAllO MILWAUKEE ST PAUL AND PAOnrlC RAILROAD COMPANY

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 40TRANSPORTATION STATISll Cl-CONTINUffin

FOR TIlE YEARS ENDED DEclllMIlFln 31 1020 AND 1928 -~~ 7 TRANSPORTATION STATISTICS-CoNCLUDED

FOR TilE yenIAJllj ItND~D DECII)MBER 31 1929 AND 1928lO2l (a) 1928

CAIt MCLES 1929 (a) 1928 11 lin-Freight loaded 2~7H71 215496H in-Freight empty llKl Z33 AVIItAGES rIm MUE 01 ItOAlI ll tin-Caboose HlHl2 15578 Freight revenue 1$ 12If1ll05 1$ 1211130ij tin-Passengor 41l~ 1240 Passen per service trlliu 1middotIVfllllll bullbull bull 259293 261852S rin-Sleeping parlor and obser- Operating revenuell 1523295 1515776 06490 71824 Operating expenses 1l44802 1112965S lin-Dining 3127 320 Net operating reVenll(I 378493 4028 tlS lin~Other passenger train 2398 1973 Ton miles-Revenuo fli1KhL 11642135 1150837

I train-Total 322335 306664 TOIl miles-All freight 1350651 1328955 Passcnger miles-RcvllIu bull 54266 57415transportation service 108308B189 1074606187

AVERAGES Illl fIlAIN MIII~w ice 13068635 10 380OUI Loaded freight car mil(ltl~middot-IilmiddotIpht tminH 3071 3128 FnBIGlJT SNWICJIl Londed freight car mileo-Mbwtl llllillil 400 450

T enue freight i)J953708 Empty freigllt car mikll-lllIight tlmiddotHin~ 1102 181049948773T l-revenue freight 7176988 7124156 Empty freight car miJoe-Mixud truins IR4 262

Ton miles-Revenue fraiKht lanni lltl233-Total 59l306fl6 57072929 Ton miles-All freight 7IRn1 7174T -Revenue flei~U ] 3Of)l )R9()08 12044376979 Passenger train ellr mile8~lnlllenger trains O4~Jmiddot ll2lJ1 -NOn-IOVlJlIIO frciRI ~i~7(ll1 2003128 llll3 Passenger train car miles-Mixed trains 150 IIil illlfl-Iotlll bull _ 11 ~HH(HI1 1I11 141)017801162 Revenue plUlsenger miles 3477 Hl02 AiIIIINllloIl 1-I1I1l VlWfI Freight revenue 1$ 6671$ 67lJ

I PllSsenger service train revenue 166 16411111111 IlVuillll A middotImiddotIIIl~lI 7497534I 11111111 II 11111111 l Operatmg revenues 463 459

bull 1 II 1I~IIIl77~ 611062432 Operating expenses 348 337jUI 01- 1J)1l1IIlTWIUIi

I~ Net operating revenue U5 122 fllllilU 11 I I S 11I17n4nlIO $13622642168

11 111Ulllhl j I I I 1

I

I C I

167-1277204 18O8~85543

AVERIIOES PlilR LoCOMOTIVJJl MILE

I ml vlllil 11lIln lIlVllllllll [) 2735130823 2786881671 Trnin miles-Freight trains 87 88 Car miles-Freight trains 4365 4429II 11l1ll1l1t J) 5 1713lt594135 $17054464384 Train miles-Passenger trllins l)I) 97laquo IMplllUH111 bullbullbullbullbullbullbullbullbullbullbullbull E 12877161863 12522309147 Car miles-Pnssenger trains 639 630N IIIK lmiddotIlV(llllll FrS 4257432272 $ 4532154437 Traio miles-Mixed trains 96 97

mOIi PIOn MILIIJ or HOllO Car miles-Mixed trains 882 855If in ile~ 17Ul 1682 Train miles-Special trains 88 7)P ram miles 1538 IS70 Car miles-Special trains 1731 11i43 M I miles 140 140 AVERAClES PER LoADED FmJIODT CAn Mllm

n miles ] I TOll miles-Revenue freight IRO lIU1~~ tion service train miles 3293 3300 Ton miles-All freight W miles 121) 118 Freight revenU6 1$ i~~l $ i~~

10 l n iJos-1Ilnsportati onbull 4792 47]8 AVERAOIJB PEn CAn MlLE-PA8STilNOERItl vIce eal miles 8nSll6 86036 Passenger miles-Revenue 899 935PI I)lViCll (lllr milca 10087 =10043 Passenger revenue 1$ 26285 $ 27672 tIItlllIllKIIIIl lllIlifld Oil Vlll lines MISCELLANEOUS AVERAOE8

(lilly oxolll()lId 12045 10929 Miles hauled-Revenue freight 2il9ll 25J]5B-lIIIIIIlllollI 1lIi1011 011 h 1I11 lin es Miles hauled-Noo-revenue freight 2J203 28] 22

cxellldlld 305812 219600 Miles hauled-All freight 25685 26Jll1 G-RCVCll1Icl from IllIs [iill() oporations Miles carried-Revenue passengers 7680 RIIm

excluded $ 1052485 $ 767524 UllVenue per ton of freight 1$ 26403( IS 2n7J2 D-Reventte from bUB filla operaticns Ltovenue pet ton mile of freight 0llllK OIOl

exclllded 1544401 1025565 Hllvflnue per passenger 21111)1 lAIIH1 E-Expenses of bus line operatious llvOlille per passenger mile OlnI 02hlitl

excluded 2924214 1753187 Ollumting ratio-Excludes bue linll opommiddotF-Deficit from bus line operations laquollllls 1 11111 11 7111

exoluded 1379813 727632 tDKclndes motor tmill rn ihi UK7 IIIU nUInOR

~lll comparative purpose8shyu[lxoludes motol 11I~r llId Imllllr Itlllllll I jlUlI11IIH IIjIHH2

(I~) Includes lilpetationa of Chioago Milwaukee and S~ 111111 RailwayRecelvors-January 1 to 13 r928 inclusive 11 lI11lnrnrlitive pllrllflIlUl-

(a) llloludell opnmllilll111 llf Ohlclflf1l1 MUWIlkllh IIInl HI 1llIIl Itllllwny(Conolijded OIl pago 41))

RlJeoivmII--llllllll~rv I ~Il III WIII11l11hullvCl

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

III JIIl(JAltlO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

ClIIOAOO TERRE HAUTE AND SQUTHEASlmm RAILWAY COMPANY GENERAL BALANCE SIUil1 AS OF DrclMIUm 31 ll29

ASSET SlOE I NVJlBTME1tS

Uoad and equipmellt bull$31fgt 1I(Xl~M

Misoellaneous physical property Affiliated companies

22lJ2iUH 125](gt12

To-rAl INVE8TMENTS bullbullbull bull CURRENI Asswps

Cash $ 223767Special deposits Tram c and car se rvic0 balances rcceivahIe Miscclll1ncous accounts rccei vahle Rents receiva1Jlc

To-IA CUlUlINT ASSBTB

DEFERRED ASlET~

Other dcfelled usscts GlIAND TOTAL bull

LrlJ3ILllY BIDE CIPITAL SroCK

Common stock Go VJI~IlN MIl NTA I j C HA Nr I

Olr0l11 ill Hid or tOlutlItlHli()u t I I 11 It

lnN~1 rlUIM I Ill~

4269151 5754

12480 26541250

111111 011gt1 IIIIIIIIIlu1 bullbullbull bullbull 12In~lliO(lO(JO

N 111111111 IIdllii dill I 1111 Illllllnlld 111I111111IUI 11)4j1~R17

Illtt 11 I IIINU IHIlM UI~Ullt I I I II I bull bullbullbullbull

111111 11111 IJA 1111111 1IIId III1IUllIIlll1lpldd ~ 1$ IIlnllllIII11I1 hlIIII1H~ i~IUlmiddotlIII bull

Other unadjusted credits

t hili 1lIIlIIlII~ IInhi lltiMl lpJ1A I 1~llnmlNI IIHIIIIll1t

IltWI~11II1~1) L[AJlllIII1r~

Obhol doforred HabiJitie8 UNADJIJS1ED CJUI)[TS

Accrued depreciation-Equipment 11gt

TOTAL llNAll1T8TFD CREDITS

COltlonrrJ SURPIU8 AddiUurllJ to proporty through incomo lind

~urphlgtl 1$

3707050 26541250

1763

21107552 50000

UH10l2(i5 IllIlif lUul IOHH crlH~it bO)Illl 111l3poundJl71

IltYI- L l ~flJtll ItNl1 11 Rn 111l-jlJ~~11 bullbull bullbullbullbull

1$31 IH8148 60

31052102

58i74110 83244441372

117200500

HiOO

2412373817

302500G3

237132004

21217552

125737036 (llthN) lOImiddottll bull $3244441372

INOOMrl AIJOtlNI Yrrhll NND1W DwcEMlJER 31 1929

INCOME Income feom [CAse 0f road Income froro fWided securitiel Income (rom unfunded sec-uri ties and accounts Miscellaneous income

Grwss INCOMEbull bullbullbull

OF-DUCTIONS FROM GROSS INCOWl Jnteremiddotst on fun ded debt $ 108113000 IntCIost on unfunded debt lIlL MnintllnllnCO Qf investment organization 338i)UlIMIHtll1 lltnOOl~l i ncoma charges 12llfiR1l0

IIoIAI 1ll0IHl(JIONH FnOM onollB INOOMlil

NIII INC1lMIQbull bullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull ~

1 109847505 1000

25545 I 42$43 $ 10)831767

bulllOIl74745f1

84-JU

CIlICAOO MILWAUKEE ST PAUL AND PAOllC RAILROAD COMPANY 51

CHICAGO MITWAUKEE AND GARY RAILWAY COMPANY GENElnM 13MAN()E SHEET AS 01 DECEMBER 31 1929

A ~IBJ~ S11gt1

INVESTMENTS Road nnd cqllipmnnt D~posi ts in liou nf 1Il)l~KIIp(cl ploperty sold rvliscelJl1~~oUIl ThYHIlt1I1 rtlpllrly

1 lyrAr INVIOHImiddotMI~NmiddotImiddotH

CURnENl A 88HlR Cash Special deposita Traffic and car serviec 1111111(11 1lmiddotmiddotlIivrdlti Due from agents nud c(llllhi~t()lmiddotII Miscellaneous accoWlts 1cceivublll

$615887S7 25740

548357 7~1

8670748861

$ 1682000178750 3473839

1

G68-lI-l 420855

Material llond supplies ~HOO32

TOTAL CUnUENr ASSETSbull bullbull

DEIImiddotERIlED ASSJITs Working fund advances

UNADJUSTED DEBITS Other unadjusted dcbitB

GnAND TOlAL bullbullbull

LUIlILITf SWIJ

CAPITAL SroCIl Common stock

GOVERNMENrAL GHANTS Grants in aid of construction

LONO llmM DEnT Funded debt unmatured 1$5 70000000 Non-negotillble debt to affiHated companies

TOlAL LONO TFT1M DJlDT bullbull

CURRENT LIABILITIES Traffic and CAr service 1Jalllnce~ payable e Payrolls and vouchers Miscellaneous accounts payable Interest mAturod unpaid Unmatured interest accflled Other current liabilities

TOTAr CORRlilNT LIAllILrTlE6 bullbullbullbullbullbullbullbullbullbull

DElFERRED LIADlLIlIES Other deferred liabilities

UNADJUSTED CnEDlT8 Tax Iiability 1$ Accrued de1reeiatiOlI-E quipm ent Other IIDadJusted credits

TOTAL UNADJ UsTED CREDITS

(IIIllOnATE SunPLUs Aclditions to property through incomo IUld mll~

(lhl bullbull bullbull I Irunt and lo~s debit bnlnnlII bull bullbull

DEI~IC1T bull I I I I I I t I I If Itmiddot

GRAND 1XY1Al t I II II 111 l fit i

)6830719

I 110052ll5

J~Iifgt1

918272 3680704984

$100000000

128200

(Ilm~~n7 HI

111On7(gt 2U 2XIl3i

113L5U 77703750

7125000 260019

1 89708237

4000

5425000 788(17101 ]117-1721

IIlZHIIIlfi

)1110Mil 11111)111111

If Jrr Nfl07 1lmi()~lia

l

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

000009GG $ ~gtOY l~dV S o(r000OOOe$ 00000001( i~OO()()OOOLgS ISl61 1 IJdV spaoa PloD llla~ g~I0amp ~lOW ~Sla

lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

LS31IaLjI

6(61 If ~ UalJaJVJlRl LINa IDIaNnr

ANYd]IOO AY~IInI crvD aNY 3IDII1VMlIW ODVOIHO spuoq aMqll11q~ 00 l-SalqJ at(~ gapnptl 00 1I ltr - f 0lt1 S TIT 0 Aq P1ud A1l3dwd a4110 Wll1 an lO 1II~UaI ltlIIL

OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO

----

----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY 53

WHITE SULPHUR SPRINGS amp YELLOWSTONE PARK RAILWAY COMPANY GENERAl BAIANCE SHEET AS OF DECEMBER 31 1929

AfllJ-JSlIm IN VESTlIUJNTS II

Road and equipment CURRENT ASSETS $ 35186509

Cash S 2132595 Traffic and car 8olvic() hllru(~e6 roceivuble 37300 Due from agents illld (~()II(llltImiddot~ 128355 Miscellaneous accounlH ImiddotClivllbll bull bullbullbull 54804 Material and supplioj 592226 Other current Uflsetl 2025

TOTAL CunRF1NI Alll-IIojlI bullbullbullbullbullbull 1 DElEnnrnn ASSampTs 2947305

Working fund advances bull UNADJUB1ElD DEBITS 266l4

Insurance premiums paid itl advl1ncc IS t1284 Other unadjusted debits llia52

TOTAL UlIADJUS1ED DEBITS 26636 GRAND TQrAL bullbullbullbullbull bullbull S 3811B7144

LIhBHTTY Smlil CAPI1AL SwCle

Common Iltock $ 30000000 Prcmium on capital stock 2662895

TOTALbullbullbullbull --~--I$ 32662895CORRlJNT L1AIlILITHlS

Traffic and catservice balallces payablc S 404601 Payrolls and vouchers 650869 Other current liabilities 18500

TOTAL CUll ItliNT IJ ABlLIIlESbullbull UNADJUSTED CReDITS 1O73J7ll

Tax liability IS 99321Accrued depreciation-Equipment 95075Other unadjusted credits 4 231J5

IOTAr ON ADJUSTBD cnffiDlTS 017611CORPORATe SURPLUS

Additions to property throllgh iucomo lind surplus $ f)71)IUII

Profit and loss credit balllDee 1267101 TO1Al CORlgtoRAW SURPLUS bullbullbullbullbullbullbullbull -L _~~~~~~

GRAND TOJALbullbullbullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbull

INCOME ACCOUNT YIMR ENDFD DECEMJUR 31 1929 OPlIlRATINO INooME

Railway operating revenues $ 3568198Railway operating expooscll 3206334Nll1 lIEVENUE FllOM RAILWAY OPJDRIITIONS $ 361804

Railway tax accruals lO)IU1 RAILWAY OPERATINO INrOMPlbull $ 11I2ali3

NUN OPERATING INCOlvll~

Miscellaneous rent innlllrw 1$ Income from uofUIldnrl r~cUllIlmiddotjlllIn 11(1 IICO(IIlIlI

TOTAL NON OPfHUlrNI~ INtlll~(II 01316 GROSS INCOMIObullbull ~U100

I hl)I)WrrIONS FROM GROllrl I NaJOll1l 11111 or freight cnl-dllhl~ 111111111111

Nm-r INCOMIO bull bull bull bull bull iLLLlM e amp

h~ lJllIltJAOO MILWAUKEE ST PAUL AND PACIFCU RAILROAD COMPANY

CHICAGO MILWAUIiEE AND GARY RAILWAY COMPANY

INcoll1Jl AcoouNT YEAn ENPED DOOlilAiBER 31 1929

OPERATING INOOME Railway operating revenues Railway operating expenses

NET REVENUEl Ino~t RAlLWI Y OPJinAlmiddotIONS Railway tax accruals 13 Uncollectible railwoy revenues

RAIlWIgt Y OIIllIAIN1l INCOMla bull

NON-(IIOlllgtIN(l (N(UMI HmiddotUllfl (rurn tOlHJfunllvnt 11 t 11 I ~ I I I I II ISlI rIHlI IVIIII 1111111 bullbullbullbull 11(11111111111 Ill Irllllllllll bull bullbull bull MIIIIIIIIIII1 111111 IIIIIK lhYlmd purLV 11111111111111111 Iltillllldul( 1111111 III 11111 nnllnlll~

MhlllIlUlIlIllI_ hIIIIIIII bullbullbullbullbull t

I A I NIIH llJW~AIN(I INIUMJII bullbullbullbullbull

(hlmm INlt()M~ bullbullbullbull bullbull bullbullbullbullbullbull

IJIO(lllITlIClNH )HOM GROSS INCOMFJ Hiro of fr(light coTs-Debit baLallce 1$ Rent for locomotives Rent for work equipment Joint facility rentll MiscellaneouB rents Miscellaneous tax accruals Interest on funded debt Interellt on unfunded debt Miscellalleous income charges

TOTAL DEDUOIIONB FROM (lROSS INCOME

NIDT DllIlICIT bullbullbullbullbullbullbullbullbullbullbull

$

$ 53863771

3430

$

middot1liUlaquoJltl 11l1(l(

~llo12~1

1 jI1~J(I

zal)08 3(00

78500446 51763116

2()737330

5389807

21347523

3250796

$ 24598319

1733555 2736856

23345 1837206

4000 69951

28500000 420

1307441----shy

35036077

$ 10437768

~ 0 J ~

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lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

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OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

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lIViIA I IfflLLlNnIilQ iIIIVLVd aHlI

aamKlOY OIlallltllO 08 1a lt1 y 11lSSI llIallIVJ[ saNOpound[ dO NOILdTHOS3a SWHH NI lt1 zS T O IvwL CO 3J-vQ

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OOOEtIS01 $ bullbullbull OOooooos~r bull -- - - - - - middot1middot 0 bullbull bullbull bullbull ooll1l-0L0middot bullbullbullbullbullbull 0 0 0 0

bullbullbullbullbullbullbullbullbullbull bullbullbullbullbullbull bullbullbullbullbullbullbullbullbull 0000g91~ dltlS y IVIIl g OOOOO9~~9 = -~ I - 0 aiJl~llow amogtu OOOgE09Jgt gtaa y aunr g OOOOOLI)(6 = - ~ I -- bullbullbull all1l111loW 1lUpun]a(l Plll11SQi[ OOOgpI6Z gnV ~ middotqal Jgt OOOOOLSZL a~ll~llow l-gI~l 00 pound1I II ll1lP1IJ 1ll)t(1noS 00000[ $ poundnr ~ u13f S OOmiddotOOOOS( bull i-- bullbull ltUill~l-lOW jSJi[ 00 AN ng pl0JPag

liVHA tiULL f)NIHila

03JllIOOV OIIalld gt0 SGNVa ~I SaNoa [0 NOILdnIOSaa

6(61 n L~_ ~J Jaia otltlN1li[

ANVdWOO AYMIIVlI KlIll~ _~ unVH ([UlIiIL ODVDIHO