Chicago Daily Tribune Newspaper, October 7, 1873, Page 2

1) THE CHICAGO DAILY TRIBUNE: LSDAY, OCTOBER 7, 1873 CHICAGO & NORTHWESTERN. Report of (ke Chicavo & I\'or(hu'rsy crn Railway Company For theFourteonth Fisonl Ye}\-r, End- ing May 81, 1873....... Btatements of the President and 5 General Manager. Miles of Road, 1,849 ; Gross Earnings, $12,736,606 ; Operating Ex- penses, $7,776,168. Report of the Prosidents The business and operations of the Chicngo & Northwostorn Railway. Company for tho flscal soar ending on tho 81st of Moy, 1873, aro pre- sontod in thio followlng roport: EXTENT OF ROAD. Tho oxtont of rond in oporation on the 1st of May, 1873, not including tho Jinca of the Towa Midland, the Winoun & St. Potor, and the La Crosso, Trompeleau & Proscott Ronds, whoso operations aro not embraced fu the earnings and exponsos of the Chicago & Northwestern, was nocount of sinking funds ; §71,812.67 on ‘ncactnt, of rontnls for iuoroasod businass on, Towa leasod | _ronda} 2941,02 on nceount of Chioago & Milivauss koolstock-dividonds; anit tho bathni, %13,705.70, fn tho'axcons of galn'of .oxponaqs_ovér,, tho'yain of.garnliigs for tha Joar. ' N Y Lo N i Tho itom of Intorent palt on Tnorensed bonded dobt i disproportionnto to tho roveuuo d orived from tho now mtles of- rond - added durivg _the vear from tho unfini<liod works of the Gompan y, as thieso worke, whon comploted s main imow, will inereaso tholr trafiic aud groatly sugmont. tho onrnings of the futuro. s .. CAVITAL BTOCK. . " : Tho common atocl hina boou incronsod 100, for stock issued in oxchango of Boloit & Madi- son Rallrond atock, and. ©182,000. fssucd Jn ox- chango for Peninaula Rallrond bonds convertod, making §182,1004ssu0d (loss $60 of common stock sorip cancolod), or a total imoresso of 182,010 of common &tock. "Iho, proferrod stock has boon fncrensod $183,- 000 for Pouinaula bonda convorted, and $234,400 in exchango for tho Enmo nmount of Chicago & Milwaukee Radlway stock, Total inorease, $110,- 400 of proforred stook. * BONDED DEBY, During tho yonr'tho amoint'of $410,000 of consolidated sinking-fund eurroncy bonds, and $9,000 of Chieago & Milwaukeo Railway Com- pany consolidated bonds havo beon fmsued, mn exclisngo for tho samo amount of Apploton Iix- tonaion, Grocn Bay Extension, funded eoupon, Galenn & Ohicago, . Elgin & Sfato Lino, Ponin- suln, Beloit & Madison, ond old Ghicago & Mil- waukoo, and Milwaukeo & Ohicago Rilrond bonds 'takon up and. cancolod during tho samo poriod (oxeopting o 8600 gonornl .firat mortgnge bond, which wes canceled in 1,314 10-100 mites ; tho numbor of miles in opo- ration on tho 818t of May, 1878, was 1,469 52-100, | —boing an incroaso of 146 42-100 miles during tho last year. INCREASE OF MILEAGE. This incronso is composed of 20 42-100 miles of extonslons and short branches, mado necessary to accommodato new mines and inoreasod pro- ductions of iron ora on tho Pouinsula Division ; .of G4 6-10 miles of now rond from Escanabs to ‘Menominee, and 8-10 of & milo from Monominco to Marinotte, which forms tho lnst link in the connoction of our line of railway botwoen Ol cago nnd Negaunco; of 43 6-10 milos of tho Mndigon Extonsion, put into operation as the lino progressed during tho yoar ; of 83¢ milos constructed botween Tipton aud Stanwood, con- neeting with tho Towa Division ; of 8 miles of tho oxtonsion of tha 8t, Chinrles Brauch to the stouo-quarries in tho town of Datavin, on the Galona Division, and of & milos built to councet tha Wisconsin and Qalonn Division tracke just outsido of tho clty-limits, on the wost of tho City of Chicago,—in all, 146 42-100 milos of now road, of which 108 -10 milos aro on the main lines, and 86 92-100 miles nro distributed on the vurious extousions and branches, for tho bottor devolopmont and working of the main lives, A considerablo portion of tho 145 42-100 miles of incrensed rond was not put to use til lato in the year,and including tho branchos to tho miuos, oud the Chicago cut-off traok, whoso oporations gave ndditionsl fucilitios for working tho road rather then contributed to its carniugs, tho svorage number of milos 1n oporation may bo statod at 1,083 18-100, or an sctual increaso of £8 03-100 milos for tho wholo fiacal year. " Of the abovo mileago thero wore, on the Atites, Wisconein Division.. . :?E}; 100 . U590 + 145 75-100 123 66-200 Tho grose onruiny lows : From prssougers From freight, From cxpres: From mmls, From miscella) Tho operaling expenses were (01 05-100 per ceuf Tuxes .. v : teucwals and uxpenses on ac- count of Chicago L $4,568,070,00 Balance of earnings ‘Doduct othier charges for tho year, viz: Intorest on bonds$1,406,838.01 fved for 40,0532 ———— 1,60,884.80 Rout of leased ronds, Town.., U24,423,09 1871), making tho totsl nmount' of cur- roncy bonds outstanding at tho close of tho yenr tho snmo as nt it bogiuning, save the increnss of 8500 for tho bond eancolod in 1871, for which no issuo had befora beon mado. 3 Tho total amount of curroncy bonds outatand- ing at tho ond of tho yoar, inciudivg Chicago & Milwaukes and Boloit & Madison bonds, was $14,624,600. . Tho issuo of gold bonds, ptated in tho Inst annual report, for tha purposs of con- structing tho oxtonsion from Fort How- ord_to Eecavabn, 114 miles, and thio Modiron oxtension, -about 129>miles, amountod 0. .. To which shouidl now be nddod thio isato durlug tho last year of tho new cousoll- ) datod " gold bonds of tho Company, amounting ta 4,834,000.00 Making » fotal of gold bonds of.... ..§10,384,000.00 PROPERTY' OF THE COMPANY, propaity of tho Gompuuy, ingladed in tho ug etatemont of its affalts, is ropresont- $6,850,000.00 Tho foregol ed by Common atock and gerip. ..§14,999,020.40 Proferred stock and scrip, ., 21,484,000.42 Qurrency bonds. . Gold bonds, , Burplua of incomo account, 25,008,500,00 1,620,067.84 Total, .. Cererennasaes oo $03,116,85108 For which thero fa the cost of tho rafl- d and cquipment ot consvlidation in $39,070,202.62 22,100,895.98 290,705,30 720,057.70 - 3 +.803,116,001,00 CONBIRUCTION. Exclusive of sonstruotion expenditures on nc- count of other railways which sro owned sud controllod by this Company, tho amounts ex- pouded for construction piirposes and for the oquipmont of tho Chicago & Nortuwestern dur- iz tho.past year haso boon'as follows "or lfio extension from Fort Howard to Es- gaaba, (now i oporatiow), including now ore- dock at Escanaba, $1,555,234.94 7 for oxtonsfons {0 fron-oro minos’ on Poninsuln Division, $149,- 861.84; for oxtension to Braon Mino, $10,473.64; for changivg main lino, Byono to Mudison, $20,830.06; for mccount of tho Madison Ex- tontion (now nearly comploted), 1,654,644.48; for 8t Charles Branch, S1,0{875; for Data: via Brauch, -866,704.94; for right of way and _ dopot-grounds, . £9,280.94; for cone struction of mnow buildings, §54,867.85 for vonstruction tolegraph, £84.56; for ronowals wilh stoel rails, boing tho differance in cost bo- tween iron and stcol, to roplnco the formor, $48,087.92 ; for now side-tracks, 8143,225.68 ; for Dalnnco duo o Bain rolla for ropaiting rils, 01,397.75; for now Cul-Off Branch Rond, noar Chicago (completed), $162,933.19: “for Clark streot viaduct, Chicago, $16,468.65; for Canal £18,603.40 Total...... stroot vinduot, ‘Obioago, 83,676.17 (less received from othor compnnies on account of tracka and viaducts in Ohicago); for account new shop-grounds, new onging-hiouse, and now repair-shiops, noar Chicago, £162.184.65'; for now building for gonoral offics in Ghicago, $13,600; for discount on goouritios provided for consfrao” tion purposes, 8472,795,98; for now ongines,£410,« 742,681 for now iron-oro cars, $920,699.%5; for now passongor, baggage, muil, Troight, aud work- ing cirs, avd oar-oquipmont, 2600,020.14: mak- For slukiug fonds. .. 4 . Dividendacon Chicago'& it Wakoa BOCK, +v e s . 2,874, 450.51 Not earnings for tho year, 2,183,016 From thin smount, dividends of 3% per t were declured on both tho tom- mou and preferred stocks fn December Lust, uud @ dividend of 3} per cent ulo ducfared on tho preferrad for the six ouths_ending May 81, 1675, amount- dug 0 ull to the sui of.\.. 2,019,640.00 Which gives o surplus for tho year of, $104,370,83 To this surplus wo add the balauce of fn- ‘oo account o the 31st of Moy, 1612, 1,405,004.31 $1,620,007.84 clows of the And we invo » total of. to the ercdit of income fiscal year, PASYENGERS AND FIEIONT. Tho gross earningy woro §12,756'606.75, agatnst £11,402,161.44 tho previous yoar,—n gain of 42,884,445.81, or 11 70-100 por cont. Thore was agalnof 11 44-100 per cont in the number of passengers carriod, o galu of 11 86-100 por cent 1m tho number carried 1 milo, but only & gain of 764100 per cont from passeuger oarnings, Tho averngo rato recoived por passonger was 81,41, pninst 9147 the formor year,—a decroaso of 04 08-100 por cont ; tho rate rocoived por preson= gor por mile was 3,16, agmnat 9,28 tho yoar bo- fore,—a decrerso of 03 66-100 por vent. “fhe numbor of tons of fraight tronsported was 2,068,300, ngainst 2,510,016 in tho provious sear,—boing & gain of 17 80-100 per cont in the number of tons carried, and & gain of 27 85-100 ‘por cont in o tons oarrled 1 mute,~showing in- creased servico, in nddition to incronsod tonnuge, fu this dopartmont of carnings. "he onuiugs por tou avernged 92,91, ngninst 88 in tho pro- vious yoar, and wero 02 85100 por ton per milo, aguinat 02 61-100 for tho preceding year. Tho total gain In earningy from froight wes 34 53-100 per cout, or 12 82-100 per cont less than _tho gain in tonnago carried one milo, while tho decronsed sates por ton per milo were nearly 10 por cent (09 96-100), a8 comparod with tho provious year- Combiming tha, entire sorvico for passongors and froight, tha result shows that compared with the preceding year, thero was an inoreaso ip the ‘sapgregato number of passcngors and tons car- sied of 14 85-100 per cout, and an inoreaso per pussengor and por ton carried ono milo of 23 98-10D per cont ; while, on tho revenus sido of tho nceount thero is o decreaso in carnings from both sources, per pnegongor and per ton, of 03 18-100 per cont, and & docronse in tho averago carnings por passonger and por ton por mile of 08 96-100 per cont on the eutjep trafiic of the your. INCREASED COST OF OPENATING. This incrouso of servico ngninst Jowor rafes of compensution has shown its result iu combings tion with othor cuuses, fu Incroased cost of opor- sting. Tho large sum of $183,041,02 was_paid for incrensod taxcs, which is over 10 par gont of tho entiro Incronso of earnings for the yesr. Dwing to the rigors of the lust wintor, largo ex- ponses woro necessarlly incurred in muintaining {ho track and rolling-stock. The operating oxpousea were £7,770,108.13, squal to 61 05-100 per cont of thio gross ournings, sgainet 6 68-100 per cont in tho previous yoar; and, iucluding incrensed {rxes and ronowals on necount of the Chicago flre, they wore §8,178.- 230.71, or 04 21-100 per cont, ngainst 5D 72-100 por cont for tho preceding yoar. NET EAUNINGS, The not carnings, aftor deducting all chargos agalugt tho proporty for oporating exponscs, taxos, senowals, ront of Iowa loased _rondn, sinking funds, dividends on Chicago & Milwau- hee Railway stack, sud Interost on ike bonded dobt, smount o 4,169,012.63 for tho year, and aro $484,410.25 loss thau the amount for tho pre- vious year. The diffaronce, zovolved into spo- cifio itoms, shows thint 8284,800.46 accruad from ntarest ou Incronsed byudod Jobt ; §43,009 on ing tho amount of $4,440,116.72 ‘oxpended for construction, and $1,437,263.96 for equipmont. Total, $6,833,360.68. - NEW MORTOAGE, To provido for theso outlays, and to completa and cquip tho railronds connected with our sys- tem and bolonging to our Compruy, and to put the property in o condition of highest efficiency for cconomical and successful operation,—uow ‘made imporative in viow of the largely-incroased traflic o its older lines,—~by the subatitution of stecl rails for iron, and by constructing iron and stono bridges as fast ns such- ro- nowals can proposly be made; and to provide now mualino-shops, of sufiiciont Capacity to onsble tho Company to combine and consolidato its prosent old, inndequate, out- grown, and_oxponsive shops at Chicago, and to supply requisita housing for its largaly-inicreased locomotivo equipment, and for goneral improve- meuts of this charactor, the Company conclud- ed, in Novombor lnst, {0 croato a now mortgago on all its railronds, equipmont, franchises, 1ongo- holds, land-grant lands, and afl othoer property, —subjcot to oxisting lions,—of suficiont amoun not only to provido means for the abovo pur- poeos, but nlso to embrace provisions for the ultimato _coneolidation of its cutire bonded dobt, and tho Donded dobt of the othor railronds ownod and coutrolled by this Com- pany, now oxisting under soparato or- ganizntions, - whonevor tho smd railronds ghall becomo consolidated with the Chicago & Northwestern Railwey Company. To_tiiis end & now morlgage was orented, with tho Union Trust Company of Now York ns Trustoo, au- thorizing tho insue of $48,000,000 of 7 por cont cousolidated gold bouds, running mm{ years from tho 1st of Decomber, 1873, in registerad or ocoupon form, at tho option of the purohasor, with intorost Fnynblo in gold, at tho offico of the Company in tho City of Now York, on tho 1at of Juug and Decembor in ench yoar ; 'and & sinling fund after the flrst yoar establishod of 1 por cent on tho amount “outstanding in caoh aud every year thoroatter. Of thisissuo, thoamonut of §18,749,600 of the bonds is reserved, and oan only bo iusucd at the option of tho Company, for and in place of the lika amount of ather iuatien of bonds which constituted at that dato all of the cutstandiug bonded debt of this Compnny, nud of the pompanics embraced in the consolidation, as spocified jn pnid mortgaze ; and thoro is also reserved in_ said mortgago the fur- ther gmonnt of 816,699,500 of bonds, to rrovido, in like msnnor, for tho retiromont and_exchango of tho bonds and othor companios for which this Company is liabte by pwnorship nud control of the rondw, viz,: ef ,ll,72‘1,500 of Chicago & AMil- wauleo Tinilroad Vo outronay honda ; of £1,850- 000 of tho bonds of the Iowa Midlund Railrond Comppny 3 §1,000,000 Londs of ~'tho' ® La- Crouss, ~ 'Prempolonn & Proscott Railrond Company; 0,025,000 bouds of tho Wi- wons & Bt Peler Rallroad Com- pany, and S3,60000) of tho bonds of the Northwostern Union Hailwpy Company, upon_consolidution of thena™ copipsnics 'ro- speetively with the Ghigago & Northyeatorn Tatlway Compaug, ANl of ‘which resorvations ara spucifically ot forth iu the mortgugo, Tho totat quum %o to bo reserved is £95,319,000, and tho reriduo, f wit + £12,051,000, i author- izod to bo lsued Yor wags of tho Company, As beforo stated in the despriprina of the bonded doht, 24,634,000 of theso bondi were sold durlug tho Jav} thscal year, AUPROACIHING COMPLETION, ‘Tha fmposant works of construction 1n which this Compuny Is fuferosiod uro Lappily rapidly ppproacling complotion, gud, by the 1st of Oc- tolior pext, or soonor, the cntre line of tho Madieon £xtonsion, and of the Northwostarn Unlon Haijway, Lighwoen Milwankcozand J6nd dit Lug, nud of 1o Wipona & St. rotor Rallroad Company will Lis n Biccessfn) oporation, Uraing have beon running regularly over tHio oxtonsion Lotwoon Fort Howard and Lncanoba since lust Decambor, and the result of tha trailic fully jus- tiflon the nnuc[lmuuuu of that eritorprjso i the steambonts which boforo were nocossary to'gon- noct tho llne botween Lhouo qolum by navigation of Green Bay, have boey sold. CONSTIUCTION O QTIER LINES, Bosides thoso ouflays ' for thp Ohleago & odumoktgags laat crontad,lowil Tor contruotion of tho extonsion of tho Winons & 8, Totor Ril-, fond to tho Miumesotn Stato line, 81,070,000,30 ; for: tho {name “in Dakotn, &10,008.01 ° for the Manlknto Dranch, §4,812.10; for account of . thioMingisaippl Rivor brideo ut Winons, §9,201~ 073 for {ho LaCroneo, Tremyclom & Tionontt Tailway, £7,090,60 ; for the Staywood & Tipton Thranch, ' 2.47': for tho Sta‘o Lino & Unlon tond to Genevn Lake, §2,405.11; for tho Town ki Midland, -§23,608.25 : aud on account_of. the Northwostorn Union Hailway, betwoen Milwan- koo and Fond du Lo, fhelnding oxtensive and: yalunio depol-grounds in Milwaukeo, §2.213,- Tho. aggregato sum oxpendad by nll theso gorporations during the yenr, for construction and oquipmont-purposcr, ‘nmoutts to §10,403,~ 164.01, apportioned ns follown : - Chleao % Northwostern Compnn, . Gonstruction 4,440,110,72 Equipment, 147, L §5,88,060,08 Tetnona & B, Potor Retlroad Gompmny . -+ a0 D101 Winonn, Mankato & Now Ulin Compan; r 5 4,812,10 Crossn, Trempeleau & Prescolt Itailro: COMPANY.1veverensisors 11,271.60 Stanwood & Tipion Company 14448247 Towa Midland Tiailrond Company. . 28,500, Btato Lino & Unlon Railroad Company. 2,405,11 Nortlwcestorn Union Rallway Company. .. 2,31,280,47 On romo nccounts, tho last yoar may bo ro- gardod ns excoptional to any that liaa precoded or that will follow it, in comploting or bringing fo n spbroximnto oloso iy Intgo und import- ant workn of conatenction thnt conld not bo postponod without loss, cspocially in xospoct to o land-grant ronds, LAND BECURED. The total quantity of Iind secured to the on- tire lina north of Fort Howard, by complotion of thio oxtonsion of last yonr, Is computod at s littlo mora than 1,000,000 icres. Many of those lnnds aro woll timborad, and it fs_not unrensonublo to supposo that somo moy contaln valuable deposits of.iron oro, Btops aro boing taken to oxamine and aécortain thoir valuo, which will constantly appreciato and add o the worth of tha Compa- ny'sproperty. ‘VARIOUS IMPROVEMENTS on the linca of tho Company, and o further in- crenso of cquipmont, which Was indisponsable to the businoss, have boon muppli Amplo grounds, Istug Just wost of tho Ohicago oity- imits, havo boon acquired for now enging-honso, machino and cir hopas and buildings for & large part of theso works aro far advanced. TAE WINONA & BT. PETER ROAD, 0Of tho linos undor construation, ownod by this Company, tho Winonn & 8t. Potor was o land- grant rond, and tho tima for ita_complotion ox. pired on tio 0d of Macch lust. This rona would avo boon finfshod Inst fall but for tho carly wintor, which sot in in Novombor, and mado furthor progross: impossible. An oxtonsion of six montha' timo was granted by Congross, and tho lino will bo fully complotod within that po- riod. Tho quantity of land which will bo ob- tained for thio . extonsious mndo sinco tho pur- chago of tho xond in 1867 i cstimntod at up- wards of 1,200,000 ncros, The land iu of tho best quality to' bo found in either Minnosotn or Dakots, aud with groat quantitics of Govorn- mont land on tho alloruate seotions, now for tho firnt timo oponod up to sottlomont’ will attract carly occupation and improvement. It will botho policy of the Company to cncournga nctual sot- Hors, and Lo bulld up trafl for Lo rallrond, by tho salo of lauds at fow prices, and by minfmum ratos for trausportation. 3 FOXU DU LAC DIVISION -OF THE NORTHWESTERN- TUNION RAILWAY. . Tho only other work of largo proportions which had “beon undortakon in the inforests of 1his Company was tho Pond du Lac Division of tho Northwestorn Union Rnilway, Tbis line, of 627-10 milos, was put undor contract from Mil- waukoo to Fond du Lac last suwnmar, is nontly :nn‘“\lntod, and will bo in readiness for tho fall | raflle. "o necosity of thia lino, to protect our busi- ness north of Foud du Lno from the effcot of tho compotition of now roads on shorter linos to Mil- waukoo and Chicago, was nono too soon seon and provided for. \Vith this cannoction, & new route for* all - that rogion i oponcd to Mil- waukoo, a flno local businoss insured, and, by tho uso of this lino, aud of our Chiongo & Mil- waukeo Road, a shor{or routo by at least 20 miles 18 mado for afl tho Clicago bueiness. Tho original concoption of tho Northwestern Dnion Twilvay, to provido 'this lino and tho Dranch botweon, Milwaukoo and Lodi, hos only boon parily realized. Grast_oncourngemont was had from somo of tho most_substantinl citizons in nctive business in Milwauleo, that material aid would bo glndly rendorod to put tho ontorpriso on its foot; but subsequont experionca proved tho crror of this viow, and that portion of tho road oxtending to Tond du Lac has been built at groat oxpongo for necossary_dopot grounds, and right of woy in Milwsukoo, aud ot o cokt of ovor 3,200,000, without equipmont. Thoso onormous out: Ioys, cxcopt in tho most imperativo cases for tha protection of the property, caumot bo af- forded, and, howover disnppolutad tho Company may bo In not bringing its Madison Extousion ling, and tho LaCGrosso, Trompeleau & Proscott, and 'Winona & 8¢, Dotor Ruads, with thoir valu: ablo trads and products, in diroct communicn- tion with Milwaukeo by' tho Lodi lino, it las suved tho oxpendituro of ita_construction at a timo when tho_importanco of other entorprises domandod tho bost cfferts of the Company, GENENAL OPERATIONS. The oarnings and oxponfcs of the several ronds ownod by this Company, whoso busincss iy not includod in tho earnings'and oxpenscs of tho Chicago & Northiwostorn Rtailway Company, srony follows, for tho your ondiag Dloy 31, Winonn & B, Peteru.... ... .$718,024.08 LaCrosse, Trempolonu & Pros= colt, v+ 200,551,190 Winona, Mankaio & Now tiin, ~ 409005~ Towa Maund. ... 4,7 § $1,036,047.08 Thelr operating oxpenses and 748,812,565 0 1,854,235.01 showing a deflclency of $316,2:7.03 in tho oporating of thioeo roads for e year. Tho onrniugs of tho Winona & 8t. Pater givo 1o fair critorion of tho rosulta which may bs ox- octod whon tho wholo of that road shall bo fimshed and connected with onr maln linos by the complotion of tho Madisou Extonsion, Its Dusiness is now rapidly incrensing,—the month of Juno, #inco tho closo of £1o last facal yonr, showivg “gross “oarnings of S117.700, ngainst 03,400 for tho sumo month In 1872, A largo in- croaso i anticipatod for tho ontiro yoar. ho LaCrosse, Trompoleau & Proscott Is self- sustaining, and affocds o margin of proflt for ro- puyment of tho advancos mado fo it by this Compay. - Thio Winonn, Manknto & Now Ulm is n short Dranch to Manknto, wlioso businoss can novor bo vory romunorative in compatltion with other linca at Mablito; but the traflie it contributos 08 a foedor to tho Winona & St, Potor is of moro account thou itd own local oarnings, Tho Town Midland has not proved profitablo ns alocul fino, and tho bonefits it confers o8 o “feedor to tho Fulton Air-Lino nt Clinton cun only Do eatimatod by tho Inoreaso of traflic which it furnishos to and from Chicago on tho Galoun Division, In cafio tho ontiro dofleionoy which has ovor accrued in_oporating thoso ronds shall bo talon from tho balauco of incoma ncoount bo- longlg to o Clicaygo & Nortbiwestorn Compn ny,—which stood at ¥1,620,967.85 ot tho closo of tho last fiacal year,—ihoro will still romain A CLEAI IALANOL OF INCOME, over and abovo tho total deflcioncien of all the compinod ronds, of §764261.91 on tho 31t of oy Insb. Tt i biolioved that tho timo {3 not far off whon theso rands, talion togothor, will prova olf-sus- tulning and'valunblo fecdors to our trunk linos, and becomo profitanlo In tholr not rosults, usido from tho valuo of tho lunds which, by tho_con- struction of tho Winonn & Bt.. Totor Road, aro securod to that Company. A CONTRAOT hins bron ontorod into - with tho Groon Bay & Lake Pepin Reiliway Company, whoso rond ox- tonda from Greon Day wost asbaut 200 miles, on- tiroly across tho Siato of Wikconsin, for th uso o & poriion of tho LaCrouyo, Trompelonu & Pros- cott Nnllway and tho Minsissippi Dilver bridgo, for tho wostarn torminuy of that read to roacly the City of Winonn. This srrangomont will bring the large lombor rogious travoracd by tho Greon Bay & ko Popin Roud in_ oasy commu- nieation with tho prairjos of Minuesota and Da- Xota, and will furnish to the " farmer o choico of marlits for i grain at elthor of tho threo prin: cipal_ grain norts of Laio Michigan,—Chicago, Milwaitkeo, or Groon Bay—by tlio most divéob ni shorloit rouiog af (ragspiortation. “Jho gonoral conditlon of the ontita proporty huy imnn‘imp_r vod by tho addition of facilitich affo;dad by nuw” gonstrnetion aud - oguipmont, and by tho renewals and yepsirs putupon the rond during tho lust yonr, Tha groutest ocon- omy of aparntions Is, Liowovor, uttuwsblo” only by tho substitution of = HTEEL TAILS on all our wutu lingy, whora tho trafilo is hoavy, and whore tho doktructiun of iron ronchos ité maximum b gront cost (o o Company, Tho firat Importunt stop oy boon talen, sud 10,000 tons of steol rails linyo heon ordored, which will L6 lgid down ns fast ns thoy own bo do- liverad within tho moxt ousuing fow month. Constant progross must bo mado In this dircotion, until ho ontiro trunk shall bo ro- nowed with stecl, This, with suflicient equip- Northwoestern, tho_furthor sum of ' &4,578,778.9 hiew hoon oxpended durlng the year for conslrue. tion un qther lincs which are ‘embraced in’ the syatom of pods oporated by this Company,and in- oludod in the Lroyivions 9f tho gouer: ocouolidat~ mout, will constituto tho chiof waut of the Com- iy’ horeaftor for the movement of tho largo [’l’nmn which will press upon the roud, when ail ity throo trunk ‘eontinuoun an groat thorn\uihmms of commorco, « Alroady tho {ndications of p_ 0 o INGHEASED DURINERS, . 'which could oiily componsate for tho large ex- ponditures of capital for tho last threo vears, aro Sncouraging. .+ Bluco tho clonn of tho facal year | ominacod in thin roport, the roturns show n fuin of moro than 52 por cont for {ho month of futie in tha enrnlngn of tho Winonn & Bt._Dotor, Lin- Crorrg, Urompolent & Proscott, and Tows Mid- laud Runds, . i Lo Independent of theso, tha carntga of flio Glifewto & Noriliwértorn, for Uio 1nouth s Gf June, 1873, wi 41,300,578, Aguinat June, 1872, .. 1,070,459.80.- $ 200,118,71 210,087.70 i 020,057.73 4 211,000,08 OFnguin 0f, 0. loviriss Equal to 32 04-100 por ceat, or Tuly the earnings wero, Against July, 1873, - Dolng o gain of. ... ‘Equal 10 20) per cont, ACRNOWLEDGENENTS. . Tho Prosidont aud Bonnd of 'Dircctors havo pleasnire in aoknowlodging the valunbto sorvicey of tho managoment, and of tho various heads of depnrtmonts and thoir nsalstants, nnd to oxpress thoir thanks for tho faithful and ablo man- ner in which they have discharged tho arduous and responeiblo dutien intrusted to their caro, and for tho succoss that haa followed thoir ef- forta during tho pnat yoar. All of which {8 rospoctfully submitted. ALngnt Keer, Proaident. 0OnoAGO & NoRTnwEsTERN RATLWAY do:xwmr,} ‘New Your, Augnst, 1879, cport of the Gonoral Managors Ou10460 & Nontnwesreny RATLWAY CoMrANY, i OF¥108 OF THE GENENAL MANAGER, Cii1eaa0, Juno 1, 1673, BIn: Tho following statomont of tho rosulis of the Compnny's operationa for tho flscal yoar ending May 81, 1878, In rospectfully submitted ; THE GOSY EATNINGS, amounting to $12,780,606.75, woro dorived from tho following sourcos : From firat-class passengorn, From accond-class pasaen, Trom exoursion ' From commutati From frelght. Erom transporiation Of Milk.sessess ve From transportation of oxprass.matier, $2,091,805.03 '203,005.60 8, 108,0 BBIL41 10278878 5 From transportation of mals, 206,337.31 From tranaportation of oxtra baggsgo. 14,580,68 From miacollanoous BOUrcen. .u. .« v 165,05.50 THE OPERATING EXPENSES woro] §7,770,168,13, or 61 5-100 por cont; and tho samo, fncluding taxes and oxponses incurred for renowals un ncoount of the Clicago fire, dur- ing Lo yoar, woro §5,178,200.71, or 04 21-100 por cont, . ‘OAUES OF TITE INCIEASE IN OPERATING EXPENSES, Tho increnso in tho porceutago of oporating ©xpongos, as compared with the provious flecal year, ia 4 40-100 por cont. This is ohiofly attelb- | utablo to throo oauses : First—Tho uuusual goverity of the wintor, causing on incroags in tho cost of ropairs of crack, engines tondors, and cars, The propor- tlon which thoso itoms of exponso bore to tho wholo carnings for orch of tbe flacal yoors 1871-'3 and 1872-'8 are as follows: . 18712 187293 Repairs of engines and i tonders,.. 421100 BM-100 - 113-100 Repairs of care 526-100 72-100 193-100 Tiopairs of track.......1146-100 1230-100 124100 fonking tho porcontage of fncrongo of_thoso itoma 4 93-100 por cont of tho entire carnings, or noarly tho-ontire increase in oporating oxponsos. Second—Tho nocessary employmont of largo amount of rolling-atock in the soveral construc- tion works of tho Compnay, avoraging about 15 onginos and 325 oars, whosd sorvico o tho Come paniy roturned no profit of revenuc, ' and only onough to mulntain tho samo in good roparr. Third—To tho decronto in oarniuga per milo por passengor and per ton of fraight. Tho enrnings por passongor por mile for anch year aro: : For 1871-72, For 1872-"3 making ‘an 403 26-100 conts -0316-100 centa por passengor per et s milo of 8 66-100- por cont. 1ind wo recvived tho snmo rato por prasongor por milo for tho lnst ag for tho provious yoar, our aarninga would hnve sbowa a furthor inoroaso of §128,455.10, lio oarninga onch yoor wora: por ton por mile of freight for. 102 61-100 centa, W02 354100 cents, making an actual decroaso of 9 96-100 por cent, Had we trausported froight ot tho samo rato per ton por milo, ourfrolght enrnings would havo shown o further ucroaso of 857,080 32-100., ‘Lho percontago of opernting ‘expansos would then Liavo boon reduced to 56 67-100 por cont from this canso alono,—showing that, Dotwithtunding A tho oxtraordinary oxponsos before enumarate tho businass of the Company hins, ralntivoly to tho rates rocawvod for transportation, boon mora ccouomically conductod during the past than duing tho provious your, TitE TAXES ghorged wpon and paid by tho Compauy wora inoronsod 818904142, Of this Jurge increass $47,967.27 was iutheStuto of Tows slono. A chango in tho mothod of taxation in- that Stato went into offaot during tho lnst flscal year, rosulting in tho incronso above stated. FIEIGUT-DEFOTS AND LLEVATONS AT GHICAGO, “Iio Compauy réplaced the throo froight-depois of tho Galona Division, 05 Last Obloogor o- stroved by tho firo of ‘1871, with substantial Drick structuros, and havo thiom inuse, Two largo olovators hiave boon complated for tho uso of tho ompany, of lnrgor capacity {hou thoso destroyed, ono of which Is upon tho Company’s Tand, and ‘which thoy havo tho right to purchise ab an appralsed valuation, NEW EQUIPMENT. il Tho following new oquipmont has boon pur- chased or built during the yoar, and is now in uso upon tho road: 83 ohyines aud tondors, comploto; 8 rfist-class conches ; 4 mail cars; & cabooso and way cars ; 11 bonrding cars; 621 box (froight) cars ; 50 flat cars ; 49 stock care ; 834 iron-oro eara ; and ono pila-driving car, Tho cost of this cquipmont was 81,887,592.97 ; to which should Lo added, for Wostinghouss air- brako on_locomotives, £28,876.68, and on cuis §23,876.90, and for Millor plaiform, $47,628.66; which (les $750 for ono fiat car sold) makes tho total for now equipmonts, §1,437,203.96. TUE EXTIRE EQUIPMENT of tho Company, on the 318t of May last, was a8 follows : ZLocomofive-Engines—First-olass, 210; nacond- class, 29; switching cngincs, 53; total, 301 Of thess, 142 are conl-birnets and 159 wood- burners, ; Car-Equipment—Tirst-olaus passengor oars, 181 ; Bacoud-class passcugor cars, 27; bagggo and'oxprows cars, 65 ; mail eara, 15 ; Paymator's cary, and Diroctors’ and oflicers’ business cars, 4; cabooso and way cars, 125; boarding cars for, mien, 18 bos froight cars 4,151 plattorm car, 1,009; stock cars, 386 ; duinp cars fof rond work, 25 ; iron-oro cars, 1,936 : pilc-drivig, wr ccking, ote,, cars, 11, Tota), 7,922 caru. Yor tho Winoun '& i, Poter Railroad thoro las beon purchascd,. during the yoar, 7 locomativo “onginos -'and 197 box frolt cary, making tho wholo oquipmout of that rond now in use as follows: Locomo- tive engines, 25 ; firat-class passengor cars, 7 1 baggago, mail, nnd oxpross cara, 8 ; box frofght cnrs, 993 ; platform cars, 198, Total number of cars, 1,330, : TEPAITS OF TRAOK. Tho expendituros for the important ftom of 1epaite of track embraco tho foltowing items : 2,320 470.240 tous now steol rafl costing In track, 10,108 750-2240 tous Ing i track. . 990,000,09 22,053 fron rafla ropaired and thio Junction rail-shop. .., . . 10487.83 Lqual to 182 80-5280 miles of mow track, ngainet 187 2001-5280 miles Inid during the provious year and charged in oxponse nccount. ‘COBT OF NEPAINS, . ‘Tho Itome of ropaim of engines and tendars, ropnirs of tools and machinory, ropaira of oars, ropairs of bridios and culyorts, sud ropairs o buildings constitute 24 70-100 por cont of the cost of o]mruung. aud aro §811,684 03-100 gropt~ or than the amouut. exponded for .similar ime provemonts during the proceding yonr, . Thia exoaun s 4 18-100 poront of th total oxpontos, and aifords, with tho large incronso in tuxos, & furthor oxplanation of tho relative incronso in tho cost of oporaflug for tho last your, ag com- pured with tho yeur onding May 81, 1874, TUE MILEAGE OF ENGINES, g tho yoar, hus bo for pussotiga servise 2,041,484 miloa - for freigrht, 8,427,650 ; for wood, 81,630, for gravel, 806,438 5 and for switching, 1,088,176 ; tatal, 7,653,080 miles, TUHE ITEN OF FUEL, for tho Inst yoar, i3 a8 foltows ; Used for all purposos ; 99,003 ‘cords wood, costing. $458,707.4 166,0913¢ tons conl; custing, us,m.agu i ———— $1,004,204.01 ‘Thore s nif Increaso In the quantity of fuol 210,721,16 linos shall bovome oonnooted sud cansumed ovor thio amonnt of the provious year, acensioned muinly by additional mllongo of Joad ol ah increaso of ‘1,207,611 in tho number o wilen run by locomotivea:~* * = * : ‘I'io averago caet per cord of wood for tho our- rent yoar hias boon #4,03-100, and for tho yoar procoding, 84,14-100,—showing an Incroaso of 11,84-100 por cent, ho avorago cdft per ton of coal for the onr— ront yoar bad boon 78 46-100, aud for tho year procoding €0.48:100,—showillg & decroaso of 0100 por cont. Tor ‘fuel used by locomotivos, the svorage ocost por mile run” thls year was' 1169-100 conts, Tho coat last your waa 10 85-100 contn, ‘'ho number of wiles run to cord of wood aud “dos ton of conl this yonr was 51 62-100 miles, agalast, 89 07-100 milos inat year, “Tho docrenso in (he nurhbor of miles traveled hy locomotivos Lo the ton of ‘coal and. cord of; ¥dod {6, altributablo to tho; long duratlon nnd! ittonna'cold of tho, pst a8 compared with tho <Pisvious winter, ~ "' i B FARSENGENS CAMRTED: ¢\ . Durlng tho lant fiscal your, 2,170,202 paanen- Rora wotb cnvricd, nguinnl 2,824,705 | nsnongers cnriad {ho provious voar,—boing.an . lucrense of 11 44-100 por cont. Tho number of lm.mungm oniriod ono milo was 111,071,927, —an Incroase of 1186-100 por cont. Tho oninings por prasengor Woro £1,41-100 ngainst~€1.47-100- tho provioun yonr,—n deoronto_ of 4.08-100 por-.cont, Tho earnings por pnssengor por milo ero 03 10-100, a'dacronso of 8,00-100.por cont. - & Samain g FREIGNT OARRIED, Thero wara carriod 2,068,300 -tons of frolght, againet 2,610,010 tho provioun yoar,—an Incronse of 17.80-100 por cont... Tho mimhor of. tony of froight- catrled " ono “mile -was 505,475,480 - ngainet 287,764,000 tho - provious yonr,— an incrano of ‘37 85-100 por cout, Tho carnings por ton woro $2.01-100, against €3 tha provious yonr,—n docrondo of-8'per cont. , Tho _entningn por fon permilo worn $2.16-100, aghinnt £2.01-100 tho piovious yoar,—a dooroao of 9 06-100 por cont. Tho exporlonco of this Company for . term of yoars nhows tht tho geroral and fuovitabie " tondoncy of its oporations is to LOWER RATES 01 COMPENAATION for all classcs of Borvice, and that tho reeolpla of tho Compnny nro to bo sustained or incronsed only by swoelling tho volumo of traflic and mul- t!plyiu}; tho sources of buainoss, Theso coudi- tions involvo continued outlays on eapital ac- count for additional l)(}\ll ment, station-necom- madation, aud othor facilitios, s woll as call for tho oarly rouowals of the main lines of the Company in stovl, to insure pormunent cconomy of oporations, : - “Tho following tnblo marks the GHANGES OF TIE LAST SEVEN YLARS, and shows tho declino in pricos during that poriod : Earnings per Earninga per passenper ton of fretuhit yermile, permle. TFor yenr ending Moy 01, 180703 0:-100 '$.0148.100 Tor year ending Moy 31, 1608, .04 02-100 For year ending Moy 31, 14 2 For year onding Biny U1, 1870, .03 20-100 For year onding Muy 31, 1871, 03 11100 Tor year ending May 31, 1972, 103 26-100 00 For yoor cuding May f, 1870, 0316-100 0335-100 which are 20 per cont decllne on passongor ratos, and 92 por cont on froight, slnco 18G7. Gomparativoly, thoso diltoraucos concardo ovor . 4,9 0,000, o the largo business of the last year, wheraof tho public renped tho bonotlt, Binco the Jast aunual report tho WEST WISCONSIN RAILWAY COMPANY hne comploted its line to o connoction with the Madison Extonsion at Elroy,—making n through line £xom Chicago, througli Madison, thoe capi- tal of Wisconsin, to 8t. {”nul and. Binnonpolis., This linp in harmonlonsly and succossfully op: oratod by the two companios, ad furnishon to the ]pub jo a8 _valuable fecilitios as any of its rivals. - Duriig the last flscal yonr tho several oxten- slons of tho Cumplmf"n lincs have beon proso- outed with all possibio vigor. R THE-ESOANADA EXTENSION, from Monomineo to Escanaba, 65 miles, was comploted and put m oporation on tha 81at of :Decombor last, and the Targe land-grant contin- gont upon it construction prior to the timo so- urod. Tho work upon ’ THE MADISON EXTENSION, destgned to connact tho linos in Wisconsin with tho LnCrosso, Trompoleny & Proscott Ttnilrond, and through ‘that lino with tho Winona & St. Potor Railroad, in Minnosots, has been venrly complotod. Tho location.of this lino required tho construction of threa largo lunncls botwoon Tlroy and'Bparta, in Wisconsin. Two of them aro fally ' completed. The complo- tion of tho longost ono, 8,800 faot .in lougth, has .been dolsyed tho groat amount of watar found in oxcavating it, This difiiculty has boon surmouutad, and_the’ Eiton- sion will bo fally comploted by’ the 1at of Sop- tombor noxt, should o unforoscon difiicultios in tho tunnel work bo mot. - Owing to the unnsually sovoro weathor and heavy suiows of Novombor last, tho Work of con- struction upon : THE WINONA & BT. TETER BAILROAD, in Minnesotn and Dakotn, wa suspondod on the 12th of that month, atabout 116 miles wost of Now Elm, with the grading noarly flnished to tho ond,—about 36 miles west of tho Westorn bound- ary lino of the State, and about 166 miley west of Now Ulm, Tho' florms of tho mnct of Congross _confoniing the grant requirod the “completion of 'the wholo line on or boforo tho 8d day of March Inst. A ropro- sentation of the circumstances under which the work wns suspendod wns mado to Congross at tho oponing of tho session in Docember lnst,, and an act oxtonding tho time for the complo- tion of the lino to tho 1st day of Soptombor noxt was promptly passed. Work has bocn reaumed and is boing vigorously pressed, and tho entiro ling will bo comploted boforo tho time oxpiros, and the Jand-grant, omountiu, us eatimnlod, 16 1,200,884 ncres, will bo scurad! ‘ho work upon tho NORTAWESTENN UNION RAILWAY, - ed to councot tha lino betwsen Chicago and Milwnulion ot tho lattor placo, withs tho Wis- cousin Division at Fond du Luc, was, in a groat monsuro, intorrupted by tho samo causes that compollad a susponsion of the sork on tho Win- onn & Bt. Potor Railrond ; worl was, howovor, proseouted during the wititor, and hina been con= tinmod until tho prosent timo, Tho track in being Inid from ench end, and tho antiro complation of the lino is confidontly oxpected by tho 1t day of August noxt, Wlhon oponed for businces, this 1ing will shorton the distanco 20 milos botwoon Ohicago and all points on our line betweon Fond du Lao and Lale Suporior, besides furnishing o profitablo local business.” Vory valunblo dopot- grounds have been acquired in tho City of Mil- waukeo. & With the complotion of -tho soveral roads above named, - TIMEE MAIN-TRUNR LINES, contninod in tho great systom of the Chicngo & Northwestorn Railway Company, will come into oporation ; ono wost, from tho Chicago to tho Missouri Itivor, connecting with the Union Pa- . cific Railrond at Council Blufls; anothor, north- wost, with a continuous live owned by the Com- pany, through tho Statos of Wikconsin and Bin- nokotn into Dalkota, and, by conucation with tho Wost Wisconsin 'Rallway, forming a _diroot line to ' 8t, Paul 'and Minucapohs and to the - Northorn Pucific Ruilrond; - and the third ruuniuf north, vin_ Milwaukeo, throngh tho ontira Jongth of tuo State of Wis- consin, to the coppor aud iron districts of, upper Michigan. > - During the yeor, the Company procurdd thio construction of the linoof . : TIIE STANWOOD & TIPTON RATLROAD, leading south from Stanwood, on tho Iows Division, to Tipton, a distance of 8¢ miles, and iu now oporating it. This lino reachos a rich ro- glon of cmlull‘r herotofore without railrond fu- cilitios, ond will prove a valuable feeder. 'THE 5T, OHANLES NRANGIU RAILROAD bns beon oxtonded from the muin line at Gonova, 1k, south § milos, to Batavin, 1ll.,—onabling us to ronch tho immonso stonc-quarrics at that place, furnishing much necded matorial for the constrmetion of bridges and culvorts, ns woll as affording u lurgo aud constautly increasing tradio for tho publio, A braueh railrond outsido and west of the city- limits of Chicngo, b miles in_longil, londing from the Wisconsiu Division main line at Irving Park, 6 milea from Chicago, to un_ intorsoction with the Galeun Division line, about b miley woat of the Wells streot dopot, aud known oy - W \EST-BLDE TRAGK," v has beon constructod and put in operation during tho yeur. Thiy much-noeded improvemont, cou= structed priveipally to_nccoinmodata tho larga freight-trafile of thio Company, furnishos n way for tho tranefor and_stock businoss of tho Wik~ consin, Madinon % Milwaukeo Divisions to bo dong with tho Enstorn trunlk-lines and with the Btock-Yards, without using tho erowdod tracks of tho city,—theraby saving largo oxponses, and diminiehing tho risk and’annoyanco of oity- transportation, both to the Compauyand tho publio. P"X tract of 240 aoros of land, wost of tho woat- orn limitaof the city, Gmiles from the Wells stroob dopot, has bpon purchused on favorable torms, for thia aroction of *TUE NEW 8HOrH of the Company, mado imporatively necesanry by tho complotion of its sovornl oxlonsions, ~Ar- rangements havo boon made for the complotion of tha round-houso, and the ercetion of the ma- ohino und blackemith shops tho coming year, A NEW DOCK, 1,000 feot in longth, hias beou commencod at Tia- oanabu, with a cupacity of ‘18,000 gross tons of oro, - This, with tho ‘old dook, furnishes ades qusto faoliition for o rplul- ocousiui busl- noss of the Poninsula Diyislon, Now sido tracks hnve beon oxtended to now mines as thoy iavo boon oponed, at the Joint oxpouse of tho ownors and tho Company, OTIIED INPHOVEMENTS AND ENLARGEMENTS havo been made, or are in progress, to facilitate tho working of the road und zyrammu oconomy of operations. With tho adultionu] “oquipment and complotion of new works, the Company will Do botter proparod than ovor bofora for tho ine crensod trafllo which mny confidontly bo oxpeote Tl socordn for 1800 wero dastrosod in Lo Oblcago £ix6, and canuot now b vepeoducod, \od on all its linos during thio onmuing year.- (Vory. ‘rospectfully yours, Tas H. Iows, i -~ Gonoral Managor, * : Prowidont. -, v |, T 'Ar;mmr Krrp, Fnq., BE" i 2 B 8 e 5 R e EHE . v B _;%" & 5 §E§§E§ B g P BBl sidapermnnsiy ¥ 5 £ lumnan .| 41838288 &8 5| pRpRipki .| B - :‘,% §= E 2 B hen STATEMENT OF THE OPERAIING EXPRN OF 1E OII0AGO & NORTINLSTENGY Tares WAY, TOR TIE YEAR ENDING MAY 81, 1673, Tepairs of ongiucs and toudors, 8 00,17 08 Repuims of car, 0062210 Topaira of bullding 191,403.87 Ttopalrs of fonces, i C B0,807.00 Ttopaife of bridgéa dud culvort 04 010,908,50 "L4B38.19 883,040,00 Ropairs of track, .. Ropaira of tools 5nd mnchinory. Fucl used by locomotlives... 2 Fuol and lighta used in cars and ot ata Add o Towacs, expenses, and ronowals ae count Chicago fir Total, ., STATEMENT OF THE DIFFERENT DIVISIONS AND THE BYSTEM OF NATLROADS OF THE OHICAGO & NORTHWESTERN RAILWAY OOM- - PANY, IN OPERATION MAY. 31, 1878, i 100 WiscoNEIN DIVIsION, Chicago to Fort Hoy * Fort Howard to Menomineo,, Kenowha to Rockford, 807,90 Towa DIVISION. . - Leugth of bridgo from cast bank of Missismppl River o Clinton. ointon, to Cedar Rapids (G Towa & Nobraska Railrond) ‘3.9 Cedur Rapids to Missour] L] posite Omabia (Godar Raplds & Mis. * sourt Rivor Railrond).... .. vs. . 971,60 Glinton to Lyons (Lyous Braiicl Hail- Tipton Railway) MADINON EXTENHIO Laividero to Madison. - Madison to Elroy 103,80 10872 Eseanoba to Lako Angelijio Hrauches and extonston to ml MILWAUKEX DIVISION. Cuieaga to Milwauki . *LAOROSE, TRRMPELEAU & DRESCOTT RAILIGAD. .. : Winoun Junciion to Winona, dini, *WINONA & ST, PETER RAILROAD, 8.00 85,00 = 20.00 202,85 Winomn, Mina,, west, .. Munknto Junction to Mankato, (Winona, Mankato & Now Ulm Raf road), . areeres, NORTNWEATERN UNION RAILWAY ! talilwaukeo to Foud du Luo (62 7-10 miles), £ 181867 *Tho carnings and op g ospenses of theso lives aro ot fncluded fu tho oarninge aad_exponses of tho Ghieago & Northwestern Rallway Gompany, ot opened, e _THE FLYING LADDER, Au Amcrican-ftalian Lady Intros duces 10 Chicugo o Valuable Pioce of Fire Appuratus, Madame Dolle Seott-Uda, thoe Amorican as~ signeo of & valuablo Italinn patont, inventod by Siguor Paolo Porta, a wagon-builderof Milan, hes arrtvodhero with a working model of the patonted machine, Itis oalled tho flying lndder, or -pon- toon bridge, as it is availablo for cither purpose, aud has boon adopted for fire-gorvico in soveral® citios in Buropo and the United . States, And- amo Soott-Uda yostorday recoived a lottor from the inventor, stating that a'staff officar of the Imporial Gorman army had beon sont to exam- ina the working of tho invention as a pontaon- bridgo, oud had oxpressod tho highost opluion of its morits, It would bo adopted for skirmish uso in the Gorman army, Tho machino which s in this-city is drawn, with its pontoon attach- ments, on two trucks, and has been placed- in Fire-Marehal Bonner's' caro, proparatory to giv- ing It a comploto trial, “ho onorgy sud tact which Madame Seott- Uds manifests in dirccting tho managoment of tho luddors aud i their introduction cortainly deuorves success, Tho threo Indders aro of thrao, wizos, tho largost boiug ono hundred and ,twon- ty-fivo fect, tho Rooond oighty, and tho third forty foet in lougth. The ~first two are supported upon four-wheolod trucks, both do- signod to bo drawn by two horsos, whilo tho third rests upon o truck of two whoolt, and may Lo drawn by band, A goneral description of the longest and Leavicat of thoso Inddors will prob- ably answor for the throe, When taken in nnd piled upon its four-whoolod truck tho long lad- dor Jooks not vory unlike a hoavy loud of tum- ber, Whion 1 thils condition, ready to bo druwn from ono pluce to anothor, it weighs, truok and all, but little more than 8,000 pounds, ‘Phs Inddor is made up of ton divislons, each division tapering in the semo monner that an or- dinnry lmh]ur does, and cach therolore growing smaller as thoy approach the top. Thoso divisions are firmly fustoued together by moans of woodon bolty, making {ho wooden part of the invoution shmply su ordinary ladder of an_enor mous longth, Running parallel with the laddoer Iengths, aiid about ono footabove, are fron bars, an inch orau luch aud a bulf in dinméter, a8 many as thoro are divisions, eaol ineorted iuto iron posts shich outor tho Inddor, longthe at right angles, and ontor betwoon thio placos whero they nro oinod by tho wooden bolth. Bosido those paral- ol bovs iro iron onoy of tho sumo 8izo, running dingonnily from tho top of ano Iron post to the Lnso of the next. By this arrangomont the prossuro on tho laddor s equally dstributod Jroughont tho wholo longth, boudming an oxs tousion pressur on $ho lron, and & comprossion on the woud, an arrangemont whioh will readily e seen to bo of the strongest. Thepe divisious avoall attnched, whilo tho ladder 18 in p horis zontul position, Tho baso of the laddor s firmly tapporlod at oo oud of tho truok, aud 8o fadt. ened that o quartor of a rovolution s allowod. About 100 fout up the ladder, on each side, ia fittaehod o ropo of groat strongth, and runuing down Lo tho frugls over s small ]pullny, and thonco winding on’ o windlads, Tho powoer whicli in requisito to turn this windlgss® and thoroly rafzo tho laddor to any anglo ls'dlitriputod by moans of cog-wheels, ‘and s oxortod by four men who turn tiwo cranks, Opposito the baso of tho Iaddor ut the end of wooden bars projooting out from the truck some 4 or b foot are iron weiglts of 200 or 800 pounds each, Theso woights serve to countoract the offoct which the grout lovoiago of tho oxtondad laddr pratcee, und thoy ovidently countorast it effoctually. “ho truck bofug but 14 foot In Jength and 6 In L 135,458.85 Oll and yaato iwsed % 114,719.32 Ofico and station fi an 860358 Furufturo and fixturcs for cara 20,804,118 Forelgn ogouts os 44,7121.0 Advortising 16,227,60 : Statlonary, printed bianks, tiokots, ol 62,061.50 Enginomed, firoman, und ‘wipera.... 1), 637,065 Gouductors, baggsgemen, and brakomon.. 409,730, Laborers oud #witchmen, o 124,409,056 | ‘Auonta and clorks at. stati . 660,160,18 Buperintondenco L 11798044 Tients 1,030,92 Loss 6,291,657 Tnjury {6 porsons, % 55,988, Teaming froight, bggage, and mai 9,620.50 Insurance....... 12,145.00 Miscellanoous oXponscs. 40;821,07 Total oporating oxpenses....... 87,116,108,18 Dolng 01 03-100 yor cont of earnings, Add for Btato, county, town, and revenuo 309,787,560 of tho Iadder, 5o bighly oxtondod, snd yot, small -| a8 it is, it proves sufticiontly largo, ; “Madamo Bcott-Uda in a woll-known writer for thd \press as Furopean correspondont, and ‘avincas us nutich tnot and ability b ho bycsinoss ‘puradits nn alio doos tasto and finah in hor lig. orary productions, Blio {8 tho wifo of Signar Udn, editor of J1 Pungolo, of Naplow, and part ropistor of u nowspapor tn Tomo. A day will o flxod for the brisl of tho machine as soon ns out firomon can loarn its managomont, TIE COUN Offers of Buildings for the Iecordor Juages ot ction to bo Selected Wednesdny-vEhoir Pay Incronscd, Tho County Cortmisslonora mot yoatordny af- tornoon, Prosidont Millor in tho Chsir, All tho mombora woro prosont oxcopt Harrls, Roollo, sud Dinger. g TNECORDER'S OPFICE. Aloxandor Whito proposod to ront to the county, to boused n Rocorder's oflico, tho ground- floor and basomant of his now building on tho onst sido of Fifth avonuo, next to tho Staals Zeitung Buflding, aud to put in tho nocessary voulta, Tho rent asked {8 $0,000 por snnum. Attontlon was Invitod to tho lnrgo amonnt of #paco offored, tho fire-proof charactor of tho bullding, and its convoniont lacation, Tho Lakosido Publishing Company offored Now. 218 and 220 South Clark stroot for tho ssme purposo, for 88,780 & yoar, "Tho Times offerod rooms on the ground-floor of that building for 87,000, Thoso communications wore referred to tha Committoo hiving tho matter in chargoto roport at o upoolul meoting o bo held Woduosdsy. = MISOELLANEOUS, The Town of Palos nslcod for $600 to help it: build & bridgo ricross tho Sng. 1t wad roported that thirtoon bodies had beon rocoived at the Morguo during Soptembor, o architoct of tho Tusan Asylum eallod ate ntion 0 nocespity of tal ¥ido for hosting tho aaditional stogye T L0 X0 A bill of §7.800 for tho ao of Kontucky Black for showing the Court-Houso plans was rocolved and roforred. A numbor of bills wore prosonted nud roforrad. An approprintion of 300 wns mado {0 assiat the Town of Wilmetto in building n bridgo on tho Greon Bay road, sud ono or £3,000 to assiat Proviso fn building o bridgo moross tho Dos- plaines Niver, on Madison stroot rond. Tho Commition on” Dablla eidt uildin B moaded. 0. 0. Doskuan bo pid 850,250 Tor worl 0 jull ; T. Bilvo ] : sud Boyd & linttion 86,080, . 0 BB "o fums waro ordorcd pald, | i tho rocommondation of the teo tho sum of 4,02 wa ordorod paid Corvor dono on tho now ktory of tho Insano Asylum, On tho recommondation of the Committon’ on Equalization of Taxos, robates wera the tax for 1873 in corfain cascs, " Thio Commltios on Tbile Tlessrds o following, whioh was adopted s> O e e Jtesolred, That, from and after this dato, the prica for cortificd coplea of abstracls furs Recordor's oftice bo fixed at 8 conta pfl??jflu.‘mm e Me, Millor, L2075 g1 ELRGHION, - Mr. lor, from the Special Committes on Voting Placos and Jud; na,psnid tho Committos ws not fully propared to roport, Thoss who ncted in Juno wero talien an faf s possiblo, Their politics, creod, and nationality wero un- known. 'ho full roport would bo made Wednea- day. ‘In‘somo wards a fow moro procincts would bo mado. He related the hard work of tno iudgou, and theroforo offorad a rosoluion giv- ng thom and tho clorks an oxtra day's pay if thoy had to work aftor 12 o'clock on tho ovoing of claction day. Mr. Clough suggosted the question of select~ ing judges bo mado a special ordor for Friday. Mr. Ashton offored n substituto, which Mr. Millor nceoptod, that the judgos and clorks bo paid for two days’ servico. Mr. Miller said thoy comld not postpono tha seloction of judges until Friday, since the regis« tration must begin Monday, Mr. Millor's niotion was_ adopted, thua giving these oflicars twice s much pay a8 hithotto, 1t wau decided tho judicial quostion bo taken up Thursday, . The majority of the Committco appointed to investigato tha charges against County-Physiclan F. A. mmoun roported they were unfounded. The minority mado a nunority roport to the offoct that his course was a bLreach of official proprioty, and was consurablo. The minjority report was adopted—yens, 73 nayy, 8, . "I'io Board adjournod. BOARD OF POLICE, allowed on Mark Shoridan Appears ns an Apols ogist for the Man Who Smnshed Oificer Dougherty’s Skull With o Londed Whip, A meeting of the Board of Polico Commission- ora was held yestordny aftornoon. Louis Hoffard, an officor who has beon thirteen months in the polico forco, was brought up onu charge of being absont from duty. Tho Sorgeant gave evi~ donce againet bim, but stated that offard had been vory unhucky of late, which fact apparontly hnd weight with tho Commissioners. Guilty and - roprimanded. Officer Prismeyer waa brought up charged by a Mr. Hunt with being drank on the Milwaukes avenuo'cars. The offi- cor nskod for timo to get’ testimony to rebut Hunt's ovidonco, and tho caso was put off unti) 2 o'clock this nftornoon, Tho following lottor, with s special polico- man's star attachod, was handed in for the Come missionors to take action upon : Oarr, Luts: This badge was takon off Jnmes Ker. ‘Tous, found drunk on tho treot on tho night of thedd, and finod bafore Justico Seully 34, BERGEANT GANTIER, Tho Commissioners unauimously decided that Kerrens be dismissed. A sixty-dny mun, Kolly by namo, who has seon ouly n weelcs sorvice, baving been dischargad a fow days sinco for being drunk, eamo up bofora the Dunrd to endeavor to got roinstated. Uhe dofondant urgad that tho emell of liquor, which Delped-him out of the force, was causod by soma logwvood and_aleoliol- for the rhoumatics. Tha ovidouco in the caso was heard, whon tho Board docided that the man Lo not roiustated. Commissioner Wright dotailed to his brothren the-particulars-of o vieit ho mardo to Oficor Doughorty, who at prorout lios dangerously woundod, 68 alrondy unrrated in Tite TuinoNe, e wanted to know whethor tho roughs wora to bo allowod to boat tho policomen juit na thoy wish, 1o considored Chicago the roughost oty in tho Union, Mr. Bheridan thought that statement about Cliicago was incorrect. Ho had heard, too, from ain Alderman of the city, another vorsion of tha fracas in which Oflicor Dougliorty way ko severoly infured, which sot forth that Doughorty wus too violeut in his conduot ; also, that o and the par- tios arrested aro relations. Commiysionor Wright donied the stntomont, and said" ho had mado himsolf thoroughly con= vorsant. with tho facts, which would ‘Im nnde Enown in court next Friday. The anso againkt Officor Btff was taken undor consideratiou, and was dismissed, Commissionor Bhorldan digsonting, & Algs M. Seott Uda brought under the notice of the Commissioners her acrinl and ilying fire-lad- dots, recontly adopted by the Now York Fira Dopartment, and wos rofarred to the Chief of tho Firo Dopartmont, o Tho following patrolmen wers appointed roundemen from Oct, 61 Willlnm P’atton, Fran- ois Pordzan, Thomay Croyau, aud Joln N, Lous ek, I'ie meoting then adjourncd et el T Colloginna in Congress, The Nation has found, by an inspoction of the # Direotory " of tho Inst Congross, that of 917 Sonators_and Roprosontativos, only about 87 woro graduntos of oollogas. As Lo States, * tho most notablo is North Carolina, for G of hor 9 wembors o colloga tioh (wich in. tho iglost proporlion to bo found in Congross), aud ail_of thom arograduntos of tho 8tate Univorslty. Tho throe groat Statos, notwithstanding their wealth and tho numbor of tholr collogos, Lave about ono-fourth onchi ; Now York, 0 out of 93; Ponns sylvanin, 6 oyt of 30; Obio, 6 out of 21 ; Now ugland fs not muoh bottor, having levs than Dalf; and ton Statos, oxtonding in_age fram Muryland and Dolawaro to Texas aud Nevads, havo not s singlo graduste. _As bobweon the North snd South and tho Enst and West, not much can bo said, for North Carolina and No= beasls aro tho ouly Blates which come up to the proportion of two-thirds,t - —_— A Coming Marringe, Tho Court Journal knys that * Miss Joromo ono of tho prottiost young ladics that ovor hailed from Now York and Tanded at Cowos, it about to warry Lord R, Otrohill, {io third' son of tho Duko of Marlborough, ‘The young lady, whq hus rosided for somg’ {imo in Paris, will rocciva & splondid dower on her marriage. Mr, Joromo is ono of tho most luveteralo of Awerican width, forms @ swall baso for tho salo swaying yachtumen,”