CHICAGO GREAT WESTERN RAIL ROAD COMPANY, popularly known as the *Corn Belt Route,* a system operating in Illinois, Iowa, Minnesota, Missouri, Kansas and Nebraska. The company was organized 11 Aug. 1909, under the laws of the State of Illinois, for the purpose of purchasing the properties for merly owned by the Chicago Great Western Railway Company, and sold under judicial de cree.
Mileage.—For the fiscal year ending 30 June 1915, the company operated 1,427.10 miles of railway, of which 1410.13 (less 68.96 miles in Minnesota, between Mankato and Randolph, leased to the M. St. P. R. & D. E. T. Co.) are owned and 85.93 are operated under trackage rights. The line extends from Chicago, Ill., via Oelwein, Iowa, to Minneapolis, Minn., 471.27 miles; from Oelwein to Kansas City, Mo., 364.01 miles; from Oelwein to Omaha, Neb., 283.64 • Hayfield, Minn., to Clarion Iowa, 99.71 miles; Randolph, Minn., to Winona, Minn., and Osage Iowa, 208.47 miles; total, 1,427.10 miles. The Company also owns all the stock of the Wisconsin, Minnesota and Pacific and Mason City and Fort Dodge railroad com panies, operating in 1915, 208.47 miles and 383.35 miles, respectively, which are included above. The earnings and expenses of each line are kept separate.
Equipment.— The rolling stock consisted of 292 locomotives, with a total traction power of 9,769,000 pounds; 11,110 freight cars; 179 pas senger cars and 472 miscellaneous cars. The total operating revenues for year ending 30 June 1915 were $13,920,684; the operating ex penses, $10,450,727; taxes, $580,026, leaving a total net revenue of $2,889,931. Compared with
the year 1914 both the gross revenues and operating expenses for the year 1915 decreased, the latter in a lesser ratio, so that the net revenues showed a decrease of $37,409.
Business and Funded Debt.— In 1915 there were 2,825,496 passengers and 157,642,318 pas sengers carried one mile compared with 2,398,685 and 138,735,465, respectively, in 1910, the year of reorganization. The average rate per passenger per mile was 1.950 cents in 1915 as against 1.905 cents in 1910. The compara tive revenue tonnage was 5,642,764 and 4,623, 102, and tons hauled one mile 1,378,504,602 and 1,189,185,332. The rate per ton mile was 7 mills in 1915 and 7.18 mills in 1910. The per ,,i manent capital of the company authorized at $96,000,000 is represented two classes of stock divided into shares of 100 each; of this amount $89,076,915 were outstanding 30 June 1915, leaving $6,923,085 still issuable. The state ment of the funded debt of proprietary lines on 30 June 1915 was as follows: Mason City and Fort Dodge Railroad Company; issued and outstanding, $12,000,000; funded debt per mile, $31,980.39. The funded debt of the Chicago Great Western Company, 30 June 1915, was: issued and outstanding, $25,881,000; funded debt per mile, $25,008.21. The mortgages are secured by valuable leaseholds of long tenure. The proprietary lines, being new, have not yet developed their full earning capacity.