CHICAGO, MILWAUKEE AND SAINT PAUL RAILWAY, a system operated by the company of the same name in Illinois, Wiscon sin, Michigan, Minnesota, Iowa, Missouri, South Dakota, North Dakota, Montana, Idaho and Washington.
History.—The organization was chartered as the Milwaukee and Saint Paul Railway Com pany, 5 May 1863, the projectors being the pur chasers of the foreclosure of the Western Division of the La Crosse and Milwaukee Rail road. The Milwaukee and Western, the Mil waukee and Horicon, The Ripon and Wolf River railroads, and the Eastern Division of the La Crosse and Milwaukee Railroad were subsequently acquired by purchase, and under authority of an act of the legislature of the State of Wisconsin, the present name was adopted 14 Feb. 1874, when the total length of completed roads owned equalled 1,399 miles.
Equipment, Earnings and Funded Debt. — During the fiscal year ending 30 June 1915 the company operated 10,075.61 miles of main track, of which 1,823.59 miles were located in Wiscon sin; 475.95 miles in Illinois; 1,936.54 miles in Iowa; 1,250.73 miles in Minnesota; 379.93 miles in North Dakota; 1,794 89 miles in South Da kota; 147.68 miles in Missouri; 245.41 miles in Michigan; 6.30 miles in Nebraska; .77 mile in Kansas; 1,057.21 miles in Montana; 199.41 miles in Idaho and 757.20 miles in Washington. The main track owned solely by the company amounted to 9,617.22 miles which with 1,023.50 miles of second track, 21.72 miles of third track, 13.11 miles of fourth track, 46.98 miles of connection tracks and 3,104.48 miles of yard tracks, sidings and spur tracks, gives a total of 13,827.01 miles owned solely by the Company.
Jointly with other companies it owned 103.45 miles of main track, 6.14 miles of second track, 1.94 miles of third track, 1.93 miles of fourth track, 5.92 miles of connection tracks, 175.34 miles of yard tracks, sidings and spur tracks; total 294.72 miles, and also leased 354.94 miles of main track, 76.47 miles of second track, 1.14 miles of third track, total 432.55 miles, giving a trackage for the entire system of 14,554.28 miles. Extensions from the end of track south east of Gleason, Wis., 1.55 miles, and from Ladd to Cherry, Ill., 3.41 miles were completed at a cost of $40,495.51, and an extension of the Armour line, 21 miles in a northwesterly direc tion, and a line 75 miles long. extending west from Chamberlain on the Missouri River were under construction. The main line of the system from Chicago, Ill., to Minneapolis, Minn., is 417.40 miles in length. The divisions of the system are as follows: Chicago; Evans ton; Racine and Southwest Division in Wiscon sin and Illinois; Chicago and Council Bluffs Division in Illinois; Chicago and Council Bluffs Division in Iowa; Kansas City Division; Du buque Division Northern Division; River Di vision; Wabash Division; Chippewa Valley Division; Iowa and Minnesota Division; Prairie du Chien Division; Mineral Point Division; La Crosse Division; Wisconsin Val ley Railroad; Iowa and Dakota Division; Sioux City and Dakota Division; Southern Minnesota Division; Hastings and Dakota Division; Des Moines Division; Rochelle and Southern Division-, Superior Division; Black Hills Di vision; 'Trans-Missouri Division; Rocky Moun tain Division; Northern Montana Division; Musselshell Division; Missoula Division; Idaho Division; Columbia Division; and Coast Di vision. The total equipment 30 June 1915 coni
prised 1,983 locomotives and 68,776 cars of all kinds.
The number of passengers carried during the year amounted to 16,065,456; 858,452,321 pas sengers were carried one mile at an average rate per passenger per mile of 2.091 cents. The num ber of tons of revenue freight carried were 32, 959,392; 8,185,988,375 tons of revenue freight were carried one mile at an average rate per ton per mile of .7813 cent. The earnings from passenger traffic during the year were 19.63 per cent of the total earnings, a decrease of $1,008,796, or 5.32 per cent, compared with the previous year. There was a decrease of 47,885 tons, or .14 per cent, compared with the preced ing year in the amount of freight carried, the earnings from freight traffic were $63,953,798.62, being 69.95 per cent of total earnings, a de crease compared with the preceeding year of $1, 361,956.17, or 2.09 per cent. The number of tons of all agricultural products carried during the year was 7,742,673 tons — an increase com pared with the previous year of 8.10 per cent. Agricultural products comprised 23.49 per cent of the total tonnage carried, as compared with 21.70 per cent of the total tonnage of 1914. The number of tons of commodities other than agricultural products carried during the year was 25,216,719 tons — a decrease compared with the previous year of 628,308 tons, or 2.43 per cent — the per cent of the total being 76.51 per cent against 78.30 per cent in 1914. The gross earnings for the year ending 30 June 1915 were $91,435,374, the operating expenses $61,971,700, yielding net earnings of $29,463,673; income from other sources $3,649,713 gave a total net income of $33,113,386. The total payments were $21,145,104, leaving a surplus of $11,968, 282. During 1915 two dividends, aggregating 7 per cent, were paid on the preferred stock, and two dividends, aggregating 5 per cent, were paid on the common stock. The total amount of the capital stock of the Company at the end of the fiscal year 1915 was $233,636,300, during the year 1915 it was increased by $506,000 of common stock issued and sold. The sum of $434,400 is held in the treasury. The amount of capital stock per main line mile of road owned was $24,163.91 The funded debt at the close of the fiscal year was $482,133,154— a decrease in the year of $4,748,000; the sum of $123,893,800 is held in the treasury. The amount of the funded debt per main line mile of road owned was $49,864.79. The total capitalization of the company per mile of road was $24,164.