Figures for 1915, 1914 and 1913 include the operations of the Chicago, M. P. Sound Ry.; for prior years, the revenue from that source is included in "Other Income." NOTE.-The above figures, representing capitalization per mile, are based upon total main tracks and sidings, owned and operated in the various years, as follows: * Representing the tonnage of freight and the number of passengers carried one mile, per mile of road operated. •Representing the tonnage of freight and the number of passengers carried one mile, per mile of road operated. 2,091 $0.9629 2,094 2,079 July.. August. Total.. GROSS EARNINGS BY MONTHS. †1914-15 †1913-14 †1912-13 1911-12 1910-11 5 Yr. Av. % of Total 8.22 8.80 7,824,986 7,740,518 7,393,547 5,044,537 5,341,535 6,669,024 8,189,201 7,870,612 8,111,277 5,495,460 5,998,306 7,132,971 9,240,207 8,675,621 8,604,270 5,962,267 6,504,202 7,797,313 9.61 8,873,521 9,246,434 9,410,077 6,141,524 6,508,260 8,035,963 9.91 7,379,909 8,161,618 8,670,292 5,402,186 5,762,846 7,075,370 8.73 7,282,244 7,652,902 8,313,293 5,298,578 5,407,237 6,790,848 8.38 6,696,116 6,912,067 7,283,152 4,256,348 4,736,623 5,976,862 7.37 6,472,696 6,144,423 6,564,392 4,903,318 4,483,669 5,713,699 7.05 7,544,390 7,630,103 7,596,900 5,300,658 5,238,606 6,662,131 8.22 6,877,038 7,106,116 7,166,906 5,054,242 4,771,762 6,195,223 7.64 7,244,196 6,970,871 7,338,031 4,936,862 5,040,679 6,306,127 7.78 7,810,870 7,671,406 7,631,916 5,326,758 5,182,262 6,724,642 8.29 91,435,374 91,782,691 94,084,054 63,122,743 64,975,995 81,080,173 100.00 907,492 2,479,908 974,536 2,783,166 2,383,898 2,230,314 2,393,643 1,126,827 1,375,831 1,902,103 8.90 9.02 249,565 April Total.. 1,556,038 1,784,275 1,470,995 1,694,466 1,830,218 1,804,898 618.806 1,415,881 1,472,854 6.89 1,715,924 2,024,703 9.47 2,822,737 2,253,964 2,061,940 1,268,950 24,716,952 26,606,555 27,551,003 12,532,344 15,455,244 21,372,417 100.00 • After deduction of "outside operations" and taxes. Figures for 1914-15, 1913-14 and 1912-13 include the operations of the Chicago, Milwaukee & Puget Sound Railway. HISTORY AND PROPERTY HISTORY.-Incorporated on May 5, 1863, in Wisconsin, as the Milwaukee & St. Paul Ry.; name was changed to present title on Feb. 14, 1874. During the development of the system the following lines have been added either by acquisition of control or by construction: Western Union R. R. (in 1874). Wisconsin Western R. R. (in 1903). Line from Madison to Sioux Falls, S. D. (opened Nov. 5, 1906). Chicago, Milwaukee & Puget Sound Ry. (construction com- Idaho & Washington Northern NOTE.-I. & W. N. R. R. was acquired by exchange of that company's bonds and notes for C., M. & St. P. Ry. 4% Debentures, due 1934, par for par. On June 30, 1914, the company had acquired 83% of the capital stock and all the bonds and notes except $60,000 first mortgage bonds. PROPERTY.-Owns lines from Chicago to Milwaukee, Minneapolis, Kansas City, Omaha, St. Paul, Duluth, Des Moines, Sioux Falls, Butte, Spokane, Seattle, Tacoma, and a large number of other important cities and towns in Illinois, Wisconsin, Michigan, Missouri, Iowa, Minnesota, North and South Dakota, Montana, Idaho and Washington. Total main line mileage directly owned, 9,617.22 miles; owned jointly with other companies, 103.45 miles; used under contracts, 354.94 miles; total mileage operated, including second track, sidings, etc., 14,554.28 miles. OFFICERS A. J. Earling, Pres.; H. R. Williams, J. H. Hiland, E. S. Keeley, E. D. Sewall, D. L. Bush, H. B. Earling, Vice-Pres.; E. W. Adams, Sec'y; F. G. Ranney, Treas.; P. C. Hart, Gen. Mgr. EXECUTIVE COMMITTEE A. J. Earling, C. W. Harkness, P. A. Rockefeller, Wm. Rockefeller' J. A. Stewart, H. R. Williams. DIRECTORS (1917) W. P. Bliss, C. W. Harkness, J. D. Ryan, Samuel McRoberts, New York; A. J. Earling, Chicago; (1915) D. G. Geddes, Wm. Rockefeller, J. A. Stewart, H. R. Williams, New York; (1916) P. A. Rockefeller, New York; J. Ogden Armour, Stanley Field, Chicago; L. J. Petit, Milwaukee. COMPARATIVE CONSOLIDATED INCOME ACCOUNT, Net earn. of smelt. & refin. 1913 1912 1911 †1911 †1910 $10,667,822 $10,926,254 $12,568,835 $12,100,761 $6,808,345 $6,738,221 †1909 plta. & indus. dependent 1914 thereon. Net earn. from mining properties..... 935,193 1,185,154 3,113,105 2,000,187 105,619 331,334 Total net earnings...... $11,603,015 $12,111,408 $15,681,940 $14,100,948 $6,913,964 $7,069,555 OTHER INCOME Inter., rents, divds. rec'd, etc... Gross income.. 1,222,514 1,318,525 1,077,560 1,011,177 972,741 823,416 $12,825,530 $13,429,933 $16,759,500 $15,112,125 $7,886,705 $7,892,971 $8,349,314 $3,553,964 $3,673,393 $5,005,256 $3,640,412 $1,220,589 $846,692 $958,569 $9,271,565 $9,756,540 $11,754,244 $11,471,713 $6,666,116 $7,046,279 $7,390,745 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 1,017,450 1,020,000 1,020,000 1,020,000 1,500,000 1,500,000 1,500,000 1,500,000 $6,017,450 $6,020,000 $6,020,000 $6,020,000 $3,500,000 $3,500,000 $3,500,000 $3,254,115 $3,736,540 $5,734,244 $5,451,713 $3,166,116 $3,546,279 $3,890,745 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $1,254,115 $1,736,540 $3,734,244 $3,451,713 $1,166,116 $1,546,279 $1,890,745 18,495,943 16,759,402 13,699,726 11,148,223 16,797,547 15,251,268 13,408,219 10,650,600 $19,750,058 $18,495,943 $17,433,970 $14,599,936 $28,614,262 $16,797,547 $15,298,964 240,000 367,823 20,572 300,572 ...... 47,695 $19,510,058 $18,495,943 $16,759,402 $13,699,726 $13,047,753 $16,797,547 $15,251,268 INDICATED EARNINGS: Years ended April 30, including transactions of the American Smelting & Refining Co. only. *Includes taxes. CONSOLIDATED GENERAL BALANCE SHEET-WORKING CAPITAL. (As of December 31) ASSETS Property account.. Investm. in secur. of other Cash. secur. & accd. int. 1,204,502 1,183,653 1,010,538 1,585,670 2,058,388 3,949,958 3,950,088 24,660,943 26,481,003 29,661,019 26,492,980 15,547,541 15,537,487 15,451,158 Total current assets...... $20,211,964 19,438,348 16,915,923 15,886,149 12,898,498 9,155,153 7,510,302 Total assets.. LIABILITIES Pfd. stock outstand.. Reserve and susp. cred. $188,577,237 189,843,783 189,211,705 185,599,108 117,350,098 115,488,269 113,757,219 96,830,000 97,000,000 97,000,000 97,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 13,351,000 13,534,500 14,495,000 15,000,000 121,000 237,000 349,000 1,322,192 1,307,788 1,169,216 1,089,272 P. & L. surplus........ $19,510,058 18,495,943 16,759,402 13,699,726 16,797,547 15,251,269 13,408,219 The fiscal year ended April 30 represents assets and liabilities of the American Smelting & Refining Co. After the fiscal year April 30, 1910, the Balance Sheets of the American Smelting & Refining Co. and American Smelting Security Co. were consolidated. † Demand loans cover advances to affiliated companies. Based on current assets and current liabilities as indicated above. |