1'- r·e · a brief resume of 1945, insofar as the reorganization . the old mortgages, the...

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Page 1: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

945 JUtaat J(ryoa-01 tIw Chicago Milwaukee StPanI and Pacific

Railroad Company

CHICAGO MILvVAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY General Offices - 516 vV Jackson Boulevard Chicago 6 Illinois

Fisc1 Office-52 Wall Strcet New York 5 N Y

RD 01 DTRECTOHS DECEMBER 31 1945

LEO T CROWLEY Chairman

JOHN D ALLEN JOHN B GALLAGHEH WILLIAM L OBRIEN

JAMES M BARKER JAMES T GILUCK ELMER RICH

WILLI AM J CORBETT JOSHUA GREEN H A SCANDRETT

WALTElt J CUMMINGS A B KELLEH JOHN O STOLL

WILLIAM J FROELICH A N WHITLOCK ------shy

ANCC CONIM 1- rmiddotE LEO T CROWLEY Chairman

JOHN D ALLEK WALTER J CUMMINGS

JAMES IV1 BARKER ELMER mCH

VOT] G 1 RUSTEb JOHN D ALLEN WALTBR J Cl MMlIGS

JAMES M BARJltEI~ ELMER RICH LEO T CROWLEY

RS H A SCANDRETT President CHICAGO

C H BUFORD Executive Vice President CHICAGO

J T GILLICK Vice Presidcn t-Operation CHICAGO

A N WHITLOCK Vice President and Gencral Counsel CHICA()J

E B FINEGAN Vice President-Traffic CHICAGO

J W SEVERS Vice President and Comptrolkr CHICAGO

R J MARONY Vice President and New York Fiscal Officer NEW YORK

J N DAVIS Assistant to President SEATTLE

M L BLUHM Gencral Solicitor CHICAGO

T W BURTNESS Secretary CHICAGO

V M GRAVES Assistant SecrctMy CHICAGO

F H JEFFREY Treasurer CHICAGO

W W BECKMAN Assistant Treasurer CHICAGO

J WELCH Assistant Secretary-Assistant Treasurer NEW YORK

L G WEIFFENBACH Assistant Secretary-Assistant Treasurer NEW YORK

D C CURTIS Chief Purchasing Officer CHICAGO

O r HARSTAD General Manager Lincs East and Assistant Vice President-Operation CHICAGO

L F DOlALD General Manager Lines West SEA1ILE

It J MIDDLETON Chief Engineer CHICAGO

F H JOHJSON Public Relations Officer CHICAGO

J C ELLINGTON Industrial Commissioner CHICAGO

Tmnsfcr Agents for Preferred Stoclaquo and Common Stock Voting Trust Certificates The First National Bank of Chicago 38 S Dearborn Strcet Chicago 90 Illinois

The~National City Bank of ew York 55 Wall Street few York 15 Y

As the stock of the CompflJly cxcept Directors qualifying shares is beJrI and will be voted by Voting Trustees proxies will not be solicited for the ycar Jl46 Ibis Annual I~eport containing financinl statements is Dot and must not be considen~d as proxy soliciting

material or as a report or document filed pursuant to the Securities Exchange Act or any rule or regulation tbereunder

2

OF the 6916 employes who left our ranks to serve vith the armed forces in ViTorld War II we arc justly proud and to the 161 who laid down their lives for their country or are reported

missing we pay our tribute and pledge ourselves to give enduring value to their sacrifice by meeting with courage and fidelity the challenges of peace

IN MEMORIAM-WORLD WAR II

EVANS E ANDERSON

HARRY ANDRASCZlK

Rocco D ANTONELLI

ALVIN G BADER

ROBERT n BAKER

JOSEPH BARABAS

JOSEPH S BARNES

RICHARD E BAHNES

SANFORD M BARRACLOUGH

JOSEPH BARRES

RICIIAHD BARTELME

DONALD L BECKEL

GORDON C BERG

RUBERT K BERG HAUSER

JOHN F BETANCOURT lIt ELROY BLOEDORN

JAMES R BLUE

MARVIN BOELKENS

DONALD BOLMGREN

WILLIA~I BORICH

EDWARD P BORTA

JAI1ES BRADSHAW

JOE BRIGGEMAN

FRANCIS BROGAN

JOHN R BROWN

WILLIA~I H BROWN

LOWELL W BRUNDAGE

DONALD BUCHOLTZ

EUGENE BUDZBANOWSKI

ELMER C BULGREN

ROBERT M BURGESS

JOHN E CAVE

JACK W CHAPPELL

ORVILLE CLEMMONS

JAMES W CLINE

TOMMY T CONSTANTINOPLE

LERoy E CROWE

DONALD N DANIELSON

ROBERf E DAVIS

ALERT A DEN GEL

CLETUS J DERWAE

ROBERT DOWNING

FRANCIS W DUNN

JOHN T EDWARDS

EDWARD F ENDISf)

MARLIN ltVRARD

CLARENCE T FARLEY

RUSSELL R FINLAYSON

BODDIE W FOLEY

JOHN F FOLEY

JOHN J GALEK

HOWARD H CAST

CLAIRE F GATES

RICHARD B GLAUCHE

MARLO R GODFREY

DALE B GOODYEAR

VIRGIL GORDON

RALPJ-I GOSSAHD

EDWARD W GRETZER

JOHN J GUSH

MARVIN 1 HANSON

WILLIAM HARDESTY

LOUIS L HA VLICHEK

LOUIS W HEINEMAN

FRANK O HELINSKI

DUANE O HENRY

JOHN M HIBBARD

GEORGE F HOFFMAN

GLENN W HOFFMAN

DONALD A HUNT

HOWARD M HURD

LUVERN F HUSTED

JOHN JAGIELSKI

JOHN L JARMUSZ

EDMOND E JENNINGS

FRANCIS JETTE

JACK R JUNEK

STANLEY JAM~-[

RICHARD S KARLSON

KEITH KENTNER

FRANK KROLL

JOHN F LAHEY

PAUL LARKOSKI

EUGENE C LEONHARDT

LAURENCE J LEWIS

GURNIE W LINDSAY

JAMES E LUEDTKE

PERRY F MATTOCKS

HER~rAN B MAYS

Roy A MIKKELSON

GEORGE T MILLER

DANIEL MILOfH

MAX A MORENO

CLINTON J MOTTER

DELBERT A MURPHY

DANIEL NESS

PETER NOWAK

WILLIAM R OHARA

CLIFFORD P OLSEN

MELVIN OLSON

LARRY D ORTVEIN

STEPHEN J OSADSKI

DAVID A PALM

JOE T PALMIERO

CHARLES G PANAGOUTSOS

JOHN L PETEW30N

HOBERT C PETERSEN

WILLIAM S PETERSON

Vlissing

FosnR J PHILLIPS

ARNOLD PILLARD

NICK PRATO

JOHN M RBBDER

ROBERT W REILLY

KENNETH W REINERT

FRANK J RICCI

LLOYD TIIDINGS

DONAII) J RIEDE

JOHN W RILEY

RICHARD P ROUNDY

BOLESLUS P SAWICKI

JOHN E SCHEIBE

JOHN C SCHELLER

EHWIN SCHMIDT

GEORGE W SCHUMAN

HARRY E SCOTT

BURNELL SBLLBns

JAMES C SERAKOS

MERLE F SHBPARD

MILO SO~lMEHFIELD

ELMER STEFANI

ARNOLD STEIN

RA nIOND H STELLINGS

LOUIS F STENGL

AUBREY G SUNDET

HARRY SVENNINGSEN

GEORGE S SWARD

CLARENCE K SWENSON

RODEHI TESCHENDORl

GEORGE P THARES

HARRY THOMPSEN

EDMUND W TIMMONS

GORDON K TORNBS

BENJAllIN J TOTUSHEK

HAROLD L TUCKER

JOHN J TURANSKY

]OUERf L VETIER

HUBERT H WABERS

CARL W WAGGONER

HUGH N WARRING

EVEHElT H WATERLAND

ARTHUR H WFllF~R

EVERT J WEISS

JOHN L WOITKOVICH

WlILIAM J WEPFER

PAUL W WERNICH

KENKETH A WILLIAMS

WALIACI WILSON

ROLAND J WOLH

CLAUD W WOLFORD

DENNIS S ZABOTH

ROBERT bIESENHENNE

CHICAGO MILV AUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

Southeastern Railway Company dated as of JanuaryTo the Stockholders

TI 1946 and the several Terre Haute companies cxeshy

HE year ] 945 was a most significant one It cuted modified identures and issucd modified bonds marked the ccssation of hostilities of World War II thereuncler as of the same date

and ushered in a period of hope for peace and prosperity To the winning of the war all of our energies were The mortgages agreements und other instruments dedicated and our ability to meet the war-time probshy provided for in the Plan were prepared and it was lems vas amply demonstrated Peace too has its decided that the Reorganized Company should be problems to the solution of which e dedicate our Chicago Milwaukee St Paul and Pacific Railroad skill industry and fortitude Company a corporation reorganized and existing under

the laws of the State of Wisconsin The charter and A most important milestone in thc history of The articles of incorporation were amended in accordance

Milwaukee Road was marked when on December I with the provisions of the Plan By its order entered 1945 the reorganized (hicago Milwaukee St Paul November 26 1945 the District Court authorized and and Pacific Railroad Compan~l assumed possession directed the vesting of the property in the reorganizedoperation and control of the properties theretofore company the execution and delivery of a deed of the operated and controlled by the Trustees property to the Reorganized Company the release of

the old mortgages the executio1l delivery and recordingA brief resume of 1945 insofar as the reorganization of the new mortgages the issuance of the new securishyis concerned follows ties and their delivery to an exchange agent for distrishy

Upon the appointment of the Reorganization Comshy bution all in accordance with the Plan These things mittee on March 13 the various steps necessary to conshy have been done summate the reorganization were commeneed On May

A motion by a Protective Committee for the old22 the District Court directed the distribution of Prcferred Stockholders to modify the order of Novemshy552038036 in cash to various classes of bondholders bcl 26 1945 to provide for the reervation of iurisshyin accordance with the provisions of the plan On Sepshydiction to make applicable legislation which might betember 19 the Ditrict Court entered an order finding enacted by the 79th Congress was denied January 3that the provisions of the Plan aHecting the Terre 1946Haute bondholders had been accepted by substantially

all of them and directed that these provisions of An appeal was taken to the Circuit Court of Appeals the Plan be carried out Accordingly a new lease for the Seventh Circuit That Comt dismissed the as entered into with Chicago TelTe Haute and appeal May 17th 1946

The Intcrstate Commerce Commission provided that the Plan of Reorganization be madc effective as of January 1 1944 Thc Results of Operation for the years 1944 and 1945 on the basis of the new capitalization follows

1945 1944 Received from freight passenger and miscellaneous operations a total revenue of $ 228946936 S 226709693

The cost of maintaining the property and of operating the railroad was 186859417 160585506

Leaving a balance from railroad operations of 42087519 66124187

Accrued taxes (Federal State and local) amolluted to 12067000 29 17l000

Leaving a balance of 30020519 36951187

Paid to other companies for hire of equipmellL and use of joillt facilities in excess of the amolUlt reccived from those SOUlces 3438189 4241668

This left an income from Jailroad operations of 26582330 32709519

Other income derived from lease of property illvestments in government securities stocks bonds notes and miscellaneous items Jess miscellaneous deductions was 2227077 1750437

jvlaking income available for fixed charges of 28809407 34459956

Fixed interest on fuueled debt equipment obligatiolls short term notcs and open accounts and rents paid for leased roads totaled 4027665 4024534

Leaving income after fixell charges of 24781742 30435422

Contingent charges were 10703831 11759212

Remainder of income available for corpUlaLe purposes s 14077911 S 18676210

4

Highlights of 1945 Performance in comparison with preceding years

ITEMS 1945 1944 1943 1942 1929

Fmql(lIIl 1ilRYTI I

Freight Revenue $ 168950558 S 171448855 S 174018632 S 146466550 S 137176431

Revenue Tons Handled (Thousands) 52326 53745 53824 48718 51954

Revenue Ton-miles (Thousands) 18182060 18323916 18209707 15908488 1309] 990

Average Haul-Miles 347 341 338 327 252

Nct Ton-miles plr Train-milc (Includes Ion-revenuc) 1109 ] 100 1058 981 739

K et Ton-miles per Train-hour (Includes] on-revenue) 17473 17449 16424 15716 9505

Locomotive-miles per Locomotive-day 1186 1186 1208 1210 114R

Car-milcs per Car-cay 460 459 466 432 343

Average] umber of Locomoti vegt in Service 611 622 615 624 931

Average lumbcr of Freight Cars Owned and Leased 55739 56030 55365 55352 70562

Passenger Revenue $ 37107494 $ 33885998 S 31010174 S 17772714 $ 16753297

Revenue Passengers Carried (Thousands) 11343 11070 10134 7637 7444

Revenue Passengcr-miles (Thousands) 2171853 j 953034 1771800 982405 572420

Average Distance Traveled-Miles 19147 17643 17484 12864 7689

Locomotive-milcgt pCI Locomotive-day 2528 2385 2257 2049 1953

Car-milcs per Owned Car-day 2873 2689 2485 2158 1885

Average Kumber of Locomotives in Service 179 182 184 184 345

Average Kumber of Passenger-Train Cars Owned and Leased 962 950 949 940 1346

Gross Earnings~RailwayOperating Revcnues $ 228946936 $ 226709693 S 22405105240 S 179867280 S 17]361385

Operating Expense Ratio 8162 7083 6491 6447 7516

Revenues and Expenses OPBRATING REVENUES for the year amounted to The principal increases were $6053264 in Mainteshy

$228946936 an increase of $2237243 or 1 over nance of Way and Structures of which $1376806 was 1944 chargeable to Amortization of Defense Projects

$16000456 in Maintenance of Equipment of which Freight Revenue decreased $2498297 or 15 $14187550 was charg~able to Amortization of Defense Passenger Revenue increased $3221496 or 95 Projects and $3911423 in Transportation All other revenues increased $1514044 or 71

Net railway operating income amounted to Operating Expenses were $186859417 an increase $26582330 compared with $32709519 for 1944 a

of $26273911 or 164 over 1944 decrease of $6127189 or 187

5

Frepoundght Rates and Passenger Fares

ON October 30 1945 the Commission entered a further order in Ex Parte 148~Increased Railway Rates Fares and Charges by the terms of which it further suspended the increase in freight rates originally authorized by the order of March 2 1042 until a date six months after the legal termination of the war As the original order provided the increases would expire six months after the termination of the 1mI the railshyroads Yill lose the possibility of increases in freight rates in that proceeding and will be required to cancel thA increases of approximately 10 in passenger fares six months after the termination of the war unless the Commission modifies its order Neither the President nor Congress has yet dAclared the war terminated

On May 15 1945 after extensive hearings over a period of approximately six years the Commission entered orders in Docket 28300~Class Rate Investishygation 1939 and Docket 28310~ConsolidatedFreight Classification which would ultimately require uniform freight classification and uniformity in the rates applishycable to class traffic in all of the freight classification territories east of the Rocky Mountains The order affecting class rates modified in unimportant respects by a subsequAnt order dated November 30 1945 required effective January 21 1946 increases of 10 in the interstate class rates applieable vithin Eastern

It IY7Jirtll 945 crowd walliHI o the ofJrnmiddotiny of fIll (lales to the Pioneet Limited I~l (lllilm Iaf ion hiw(Jo

territOlY and a decreasA of approximately 10 in the level of the interstate rates within Western and Southern tenitories and interterritorially between Eastern Southern and IVestern territories The order has been indefinitely postponed pending a trial in the United States District Court in New York where on petition of certain of the Eastern States it is sought to enjoin the Commissions order The railroads operating in the Western District including the Milwaukee have intershyvened in the proceeding in the support of the petitioners

The Interstate Commerce Commission required reshyductions of about 15 in the rates applicable to the rail movement of manufactured iron and steel articles within Western Trunk Line Tenitory and from Eastern origins to Western Trunk Line Territory The reduced rates became effective November 29 1945 and will result in a substantial reduction in revenue

Wage Increases and Schedule Re1Jpoundspoundons

DURING the yAar requests for wage increases and changes in certain rules were received from five train service or operating organizations and from fifteen nonoperating groups

As a result of negotiation the Brotherhood of Loshy

comotive Firemen and Enginemen the Order of Railway Conductors and the Switchmens Union

of North America agreed to defer the matter of rule changes and the fifteen nonoperating groups withshydrew their requests for rule changes The eighteen groups agreed to arbitrate their requests for wage increases On April 3 1946 the two separate boards of arbitration handed down an award of 16cent per hour in the case of the nonoperating groups and $128 per basic day in the case of the Brotherhood of Locomotive Fireshymen and Enginemen the Order of Railway Conductors and the Switchmens Union of North America both awards effective January 1 1946

The Brotherhood of Locomotive Engineers and the Brotherhood of

6

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 2: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILvVAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY General Offices - 516 vV Jackson Boulevard Chicago 6 Illinois

Fisc1 Office-52 Wall Strcet New York 5 N Y

RD 01 DTRECTOHS DECEMBER 31 1945

LEO T CROWLEY Chairman

JOHN D ALLEN JOHN B GALLAGHEH WILLIAM L OBRIEN

JAMES M BARKER JAMES T GILUCK ELMER RICH

WILLI AM J CORBETT JOSHUA GREEN H A SCANDRETT

WALTElt J CUMMINGS A B KELLEH JOHN O STOLL

WILLIAM J FROELICH A N WHITLOCK ------shy

ANCC CONIM 1- rmiddotE LEO T CROWLEY Chairman

JOHN D ALLEK WALTER J CUMMINGS

JAMES IV1 BARKER ELMER mCH

VOT] G 1 RUSTEb JOHN D ALLEN WALTBR J Cl MMlIGS

JAMES M BARJltEI~ ELMER RICH LEO T CROWLEY

RS H A SCANDRETT President CHICAGO

C H BUFORD Executive Vice President CHICAGO

J T GILLICK Vice Presidcn t-Operation CHICAGO

A N WHITLOCK Vice President and Gencral Counsel CHICA()J

E B FINEGAN Vice President-Traffic CHICAGO

J W SEVERS Vice President and Comptrolkr CHICAGO

R J MARONY Vice President and New York Fiscal Officer NEW YORK

J N DAVIS Assistant to President SEATTLE

M L BLUHM Gencral Solicitor CHICAGO

T W BURTNESS Secretary CHICAGO

V M GRAVES Assistant SecrctMy CHICAGO

F H JEFFREY Treasurer CHICAGO

W W BECKMAN Assistant Treasurer CHICAGO

J WELCH Assistant Secretary-Assistant Treasurer NEW YORK

L G WEIFFENBACH Assistant Secretary-Assistant Treasurer NEW YORK

D C CURTIS Chief Purchasing Officer CHICAGO

O r HARSTAD General Manager Lincs East and Assistant Vice President-Operation CHICAGO

L F DOlALD General Manager Lines West SEA1ILE

It J MIDDLETON Chief Engineer CHICAGO

F H JOHJSON Public Relations Officer CHICAGO

J C ELLINGTON Industrial Commissioner CHICAGO

Tmnsfcr Agents for Preferred Stoclaquo and Common Stock Voting Trust Certificates The First National Bank of Chicago 38 S Dearborn Strcet Chicago 90 Illinois

The~National City Bank of ew York 55 Wall Street few York 15 Y

As the stock of the CompflJly cxcept Directors qualifying shares is beJrI and will be voted by Voting Trustees proxies will not be solicited for the ycar Jl46 Ibis Annual I~eport containing financinl statements is Dot and must not be considen~d as proxy soliciting

material or as a report or document filed pursuant to the Securities Exchange Act or any rule or regulation tbereunder

2

OF the 6916 employes who left our ranks to serve vith the armed forces in ViTorld War II we arc justly proud and to the 161 who laid down their lives for their country or are reported

missing we pay our tribute and pledge ourselves to give enduring value to their sacrifice by meeting with courage and fidelity the challenges of peace

IN MEMORIAM-WORLD WAR II

EVANS E ANDERSON

HARRY ANDRASCZlK

Rocco D ANTONELLI

ALVIN G BADER

ROBERT n BAKER

JOSEPH BARABAS

JOSEPH S BARNES

RICHARD E BAHNES

SANFORD M BARRACLOUGH

JOSEPH BARRES

RICIIAHD BARTELME

DONALD L BECKEL

GORDON C BERG

RUBERT K BERG HAUSER

JOHN F BETANCOURT lIt ELROY BLOEDORN

JAMES R BLUE

MARVIN BOELKENS

DONALD BOLMGREN

WILLIA~I BORICH

EDWARD P BORTA

JAI1ES BRADSHAW

JOE BRIGGEMAN

FRANCIS BROGAN

JOHN R BROWN

WILLIA~I H BROWN

LOWELL W BRUNDAGE

DONALD BUCHOLTZ

EUGENE BUDZBANOWSKI

ELMER C BULGREN

ROBERT M BURGESS

JOHN E CAVE

JACK W CHAPPELL

ORVILLE CLEMMONS

JAMES W CLINE

TOMMY T CONSTANTINOPLE

LERoy E CROWE

DONALD N DANIELSON

ROBERf E DAVIS

ALERT A DEN GEL

CLETUS J DERWAE

ROBERT DOWNING

FRANCIS W DUNN

JOHN T EDWARDS

EDWARD F ENDISf)

MARLIN ltVRARD

CLARENCE T FARLEY

RUSSELL R FINLAYSON

BODDIE W FOLEY

JOHN F FOLEY

JOHN J GALEK

HOWARD H CAST

CLAIRE F GATES

RICHARD B GLAUCHE

MARLO R GODFREY

DALE B GOODYEAR

VIRGIL GORDON

RALPJ-I GOSSAHD

EDWARD W GRETZER

JOHN J GUSH

MARVIN 1 HANSON

WILLIAM HARDESTY

LOUIS L HA VLICHEK

LOUIS W HEINEMAN

FRANK O HELINSKI

DUANE O HENRY

JOHN M HIBBARD

GEORGE F HOFFMAN

GLENN W HOFFMAN

DONALD A HUNT

HOWARD M HURD

LUVERN F HUSTED

JOHN JAGIELSKI

JOHN L JARMUSZ

EDMOND E JENNINGS

FRANCIS JETTE

JACK R JUNEK

STANLEY JAM~-[

RICHARD S KARLSON

KEITH KENTNER

FRANK KROLL

JOHN F LAHEY

PAUL LARKOSKI

EUGENE C LEONHARDT

LAURENCE J LEWIS

GURNIE W LINDSAY

JAMES E LUEDTKE

PERRY F MATTOCKS

HER~rAN B MAYS

Roy A MIKKELSON

GEORGE T MILLER

DANIEL MILOfH

MAX A MORENO

CLINTON J MOTTER

DELBERT A MURPHY

DANIEL NESS

PETER NOWAK

WILLIAM R OHARA

CLIFFORD P OLSEN

MELVIN OLSON

LARRY D ORTVEIN

STEPHEN J OSADSKI

DAVID A PALM

JOE T PALMIERO

CHARLES G PANAGOUTSOS

JOHN L PETEW30N

HOBERT C PETERSEN

WILLIAM S PETERSON

Vlissing

FosnR J PHILLIPS

ARNOLD PILLARD

NICK PRATO

JOHN M RBBDER

ROBERT W REILLY

KENNETH W REINERT

FRANK J RICCI

LLOYD TIIDINGS

DONAII) J RIEDE

JOHN W RILEY

RICHARD P ROUNDY

BOLESLUS P SAWICKI

JOHN E SCHEIBE

JOHN C SCHELLER

EHWIN SCHMIDT

GEORGE W SCHUMAN

HARRY E SCOTT

BURNELL SBLLBns

JAMES C SERAKOS

MERLE F SHBPARD

MILO SO~lMEHFIELD

ELMER STEFANI

ARNOLD STEIN

RA nIOND H STELLINGS

LOUIS F STENGL

AUBREY G SUNDET

HARRY SVENNINGSEN

GEORGE S SWARD

CLARENCE K SWENSON

RODEHI TESCHENDORl

GEORGE P THARES

HARRY THOMPSEN

EDMUND W TIMMONS

GORDON K TORNBS

BENJAllIN J TOTUSHEK

HAROLD L TUCKER

JOHN J TURANSKY

]OUERf L VETIER

HUBERT H WABERS

CARL W WAGGONER

HUGH N WARRING

EVEHElT H WATERLAND

ARTHUR H WFllF~R

EVERT J WEISS

JOHN L WOITKOVICH

WlILIAM J WEPFER

PAUL W WERNICH

KENKETH A WILLIAMS

WALIACI WILSON

ROLAND J WOLH

CLAUD W WOLFORD

DENNIS S ZABOTH

ROBERT bIESENHENNE

CHICAGO MILV AUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

Southeastern Railway Company dated as of JanuaryTo the Stockholders

TI 1946 and the several Terre Haute companies cxeshy

HE year ] 945 was a most significant one It cuted modified identures and issucd modified bonds marked the ccssation of hostilities of World War II thereuncler as of the same date

and ushered in a period of hope for peace and prosperity To the winning of the war all of our energies were The mortgages agreements und other instruments dedicated and our ability to meet the war-time probshy provided for in the Plan were prepared and it was lems vas amply demonstrated Peace too has its decided that the Reorganized Company should be problems to the solution of which e dedicate our Chicago Milwaukee St Paul and Pacific Railroad skill industry and fortitude Company a corporation reorganized and existing under

the laws of the State of Wisconsin The charter and A most important milestone in thc history of The articles of incorporation were amended in accordance

Milwaukee Road was marked when on December I with the provisions of the Plan By its order entered 1945 the reorganized (hicago Milwaukee St Paul November 26 1945 the District Court authorized and and Pacific Railroad Compan~l assumed possession directed the vesting of the property in the reorganizedoperation and control of the properties theretofore company the execution and delivery of a deed of the operated and controlled by the Trustees property to the Reorganized Company the release of

the old mortgages the executio1l delivery and recordingA brief resume of 1945 insofar as the reorganization of the new mortgages the issuance of the new securishyis concerned follows ties and their delivery to an exchange agent for distrishy

Upon the appointment of the Reorganization Comshy bution all in accordance with the Plan These things mittee on March 13 the various steps necessary to conshy have been done summate the reorganization were commeneed On May

A motion by a Protective Committee for the old22 the District Court directed the distribution of Prcferred Stockholders to modify the order of Novemshy552038036 in cash to various classes of bondholders bcl 26 1945 to provide for the reervation of iurisshyin accordance with the provisions of the plan On Sepshydiction to make applicable legislation which might betember 19 the Ditrict Court entered an order finding enacted by the 79th Congress was denied January 3that the provisions of the Plan aHecting the Terre 1946Haute bondholders had been accepted by substantially

all of them and directed that these provisions of An appeal was taken to the Circuit Court of Appeals the Plan be carried out Accordingly a new lease for the Seventh Circuit That Comt dismissed the as entered into with Chicago TelTe Haute and appeal May 17th 1946

The Intcrstate Commerce Commission provided that the Plan of Reorganization be madc effective as of January 1 1944 Thc Results of Operation for the years 1944 and 1945 on the basis of the new capitalization follows

1945 1944 Received from freight passenger and miscellaneous operations a total revenue of $ 228946936 S 226709693

The cost of maintaining the property and of operating the railroad was 186859417 160585506

Leaving a balance from railroad operations of 42087519 66124187

Accrued taxes (Federal State and local) amolluted to 12067000 29 17l000

Leaving a balance of 30020519 36951187

Paid to other companies for hire of equipmellL and use of joillt facilities in excess of the amolUlt reccived from those SOUlces 3438189 4241668

This left an income from Jailroad operations of 26582330 32709519

Other income derived from lease of property illvestments in government securities stocks bonds notes and miscellaneous items Jess miscellaneous deductions was 2227077 1750437

jvlaking income available for fixed charges of 28809407 34459956

Fixed interest on fuueled debt equipment obligatiolls short term notcs and open accounts and rents paid for leased roads totaled 4027665 4024534

Leaving income after fixell charges of 24781742 30435422

Contingent charges were 10703831 11759212

Remainder of income available for corpUlaLe purposes s 14077911 S 18676210

4

Highlights of 1945 Performance in comparison with preceding years

ITEMS 1945 1944 1943 1942 1929

Fmql(lIIl 1ilRYTI I

Freight Revenue $ 168950558 S 171448855 S 174018632 S 146466550 S 137176431

Revenue Tons Handled (Thousands) 52326 53745 53824 48718 51954

Revenue Ton-miles (Thousands) 18182060 18323916 18209707 15908488 1309] 990

Average Haul-Miles 347 341 338 327 252

Nct Ton-miles plr Train-milc (Includes Ion-revenuc) 1109 ] 100 1058 981 739

K et Ton-miles per Train-hour (Includes] on-revenue) 17473 17449 16424 15716 9505

Locomotive-miles per Locomotive-day 1186 1186 1208 1210 114R

Car-milcs per Car-cay 460 459 466 432 343

Average] umber of Locomoti vegt in Service 611 622 615 624 931

Average lumbcr of Freight Cars Owned and Leased 55739 56030 55365 55352 70562

Passenger Revenue $ 37107494 $ 33885998 S 31010174 S 17772714 $ 16753297

Revenue Passengers Carried (Thousands) 11343 11070 10134 7637 7444

Revenue Passengcr-miles (Thousands) 2171853 j 953034 1771800 982405 572420

Average Distance Traveled-Miles 19147 17643 17484 12864 7689

Locomotive-milcgt pCI Locomotive-day 2528 2385 2257 2049 1953

Car-milcs per Owned Car-day 2873 2689 2485 2158 1885

Average Kumber of Locomotives in Service 179 182 184 184 345

Average Kumber of Passenger-Train Cars Owned and Leased 962 950 949 940 1346

Gross Earnings~RailwayOperating Revcnues $ 228946936 $ 226709693 S 22405105240 S 179867280 S 17]361385

Operating Expense Ratio 8162 7083 6491 6447 7516

Revenues and Expenses OPBRATING REVENUES for the year amounted to The principal increases were $6053264 in Mainteshy

$228946936 an increase of $2237243 or 1 over nance of Way and Structures of which $1376806 was 1944 chargeable to Amortization of Defense Projects

$16000456 in Maintenance of Equipment of which Freight Revenue decreased $2498297 or 15 $14187550 was charg~able to Amortization of Defense Passenger Revenue increased $3221496 or 95 Projects and $3911423 in Transportation All other revenues increased $1514044 or 71

Net railway operating income amounted to Operating Expenses were $186859417 an increase $26582330 compared with $32709519 for 1944 a

of $26273911 or 164 over 1944 decrease of $6127189 or 187

5

Frepoundght Rates and Passenger Fares

ON October 30 1945 the Commission entered a further order in Ex Parte 148~Increased Railway Rates Fares and Charges by the terms of which it further suspended the increase in freight rates originally authorized by the order of March 2 1042 until a date six months after the legal termination of the war As the original order provided the increases would expire six months after the termination of the 1mI the railshyroads Yill lose the possibility of increases in freight rates in that proceeding and will be required to cancel thA increases of approximately 10 in passenger fares six months after the termination of the war unless the Commission modifies its order Neither the President nor Congress has yet dAclared the war terminated

On May 15 1945 after extensive hearings over a period of approximately six years the Commission entered orders in Docket 28300~Class Rate Investishygation 1939 and Docket 28310~ConsolidatedFreight Classification which would ultimately require uniform freight classification and uniformity in the rates applishycable to class traffic in all of the freight classification territories east of the Rocky Mountains The order affecting class rates modified in unimportant respects by a subsequAnt order dated November 30 1945 required effective January 21 1946 increases of 10 in the interstate class rates applieable vithin Eastern

It IY7Jirtll 945 crowd walliHI o the ofJrnmiddotiny of fIll (lales to the Pioneet Limited I~l (lllilm Iaf ion hiw(Jo

territOlY and a decreasA of approximately 10 in the level of the interstate rates within Western and Southern tenitories and interterritorially between Eastern Southern and IVestern territories The order has been indefinitely postponed pending a trial in the United States District Court in New York where on petition of certain of the Eastern States it is sought to enjoin the Commissions order The railroads operating in the Western District including the Milwaukee have intershyvened in the proceeding in the support of the petitioners

The Interstate Commerce Commission required reshyductions of about 15 in the rates applicable to the rail movement of manufactured iron and steel articles within Western Trunk Line Tenitory and from Eastern origins to Western Trunk Line Territory The reduced rates became effective November 29 1945 and will result in a substantial reduction in revenue

Wage Increases and Schedule Re1Jpoundspoundons

DURING the yAar requests for wage increases and changes in certain rules were received from five train service or operating organizations and from fifteen nonoperating groups

As a result of negotiation the Brotherhood of Loshy

comotive Firemen and Enginemen the Order of Railway Conductors and the Switchmens Union

of North America agreed to defer the matter of rule changes and the fifteen nonoperating groups withshydrew their requests for rule changes The eighteen groups agreed to arbitrate their requests for wage increases On April 3 1946 the two separate boards of arbitration handed down an award of 16cent per hour in the case of the nonoperating groups and $128 per basic day in the case of the Brotherhood of Locomotive Fireshymen and Enginemen the Order of Railway Conductors and the Switchmens Union of North America both awards effective January 1 1946

The Brotherhood of Locomotive Engineers and the Brotherhood of

6

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 3: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

OF the 6916 employes who left our ranks to serve vith the armed forces in ViTorld War II we arc justly proud and to the 161 who laid down their lives for their country or are reported

missing we pay our tribute and pledge ourselves to give enduring value to their sacrifice by meeting with courage and fidelity the challenges of peace

IN MEMORIAM-WORLD WAR II

EVANS E ANDERSON

HARRY ANDRASCZlK

Rocco D ANTONELLI

ALVIN G BADER

ROBERT n BAKER

JOSEPH BARABAS

JOSEPH S BARNES

RICHARD E BAHNES

SANFORD M BARRACLOUGH

JOSEPH BARRES

RICIIAHD BARTELME

DONALD L BECKEL

GORDON C BERG

RUBERT K BERG HAUSER

JOHN F BETANCOURT lIt ELROY BLOEDORN

JAMES R BLUE

MARVIN BOELKENS

DONALD BOLMGREN

WILLIA~I BORICH

EDWARD P BORTA

JAI1ES BRADSHAW

JOE BRIGGEMAN

FRANCIS BROGAN

JOHN R BROWN

WILLIA~I H BROWN

LOWELL W BRUNDAGE

DONALD BUCHOLTZ

EUGENE BUDZBANOWSKI

ELMER C BULGREN

ROBERT M BURGESS

JOHN E CAVE

JACK W CHAPPELL

ORVILLE CLEMMONS

JAMES W CLINE

TOMMY T CONSTANTINOPLE

LERoy E CROWE

DONALD N DANIELSON

ROBERf E DAVIS

ALERT A DEN GEL

CLETUS J DERWAE

ROBERT DOWNING

FRANCIS W DUNN

JOHN T EDWARDS

EDWARD F ENDISf)

MARLIN ltVRARD

CLARENCE T FARLEY

RUSSELL R FINLAYSON

BODDIE W FOLEY

JOHN F FOLEY

JOHN J GALEK

HOWARD H CAST

CLAIRE F GATES

RICHARD B GLAUCHE

MARLO R GODFREY

DALE B GOODYEAR

VIRGIL GORDON

RALPJ-I GOSSAHD

EDWARD W GRETZER

JOHN J GUSH

MARVIN 1 HANSON

WILLIAM HARDESTY

LOUIS L HA VLICHEK

LOUIS W HEINEMAN

FRANK O HELINSKI

DUANE O HENRY

JOHN M HIBBARD

GEORGE F HOFFMAN

GLENN W HOFFMAN

DONALD A HUNT

HOWARD M HURD

LUVERN F HUSTED

JOHN JAGIELSKI

JOHN L JARMUSZ

EDMOND E JENNINGS

FRANCIS JETTE

JACK R JUNEK

STANLEY JAM~-[

RICHARD S KARLSON

KEITH KENTNER

FRANK KROLL

JOHN F LAHEY

PAUL LARKOSKI

EUGENE C LEONHARDT

LAURENCE J LEWIS

GURNIE W LINDSAY

JAMES E LUEDTKE

PERRY F MATTOCKS

HER~rAN B MAYS

Roy A MIKKELSON

GEORGE T MILLER

DANIEL MILOfH

MAX A MORENO

CLINTON J MOTTER

DELBERT A MURPHY

DANIEL NESS

PETER NOWAK

WILLIAM R OHARA

CLIFFORD P OLSEN

MELVIN OLSON

LARRY D ORTVEIN

STEPHEN J OSADSKI

DAVID A PALM

JOE T PALMIERO

CHARLES G PANAGOUTSOS

JOHN L PETEW30N

HOBERT C PETERSEN

WILLIAM S PETERSON

Vlissing

FosnR J PHILLIPS

ARNOLD PILLARD

NICK PRATO

JOHN M RBBDER

ROBERT W REILLY

KENNETH W REINERT

FRANK J RICCI

LLOYD TIIDINGS

DONAII) J RIEDE

JOHN W RILEY

RICHARD P ROUNDY

BOLESLUS P SAWICKI

JOHN E SCHEIBE

JOHN C SCHELLER

EHWIN SCHMIDT

GEORGE W SCHUMAN

HARRY E SCOTT

BURNELL SBLLBns

JAMES C SERAKOS

MERLE F SHBPARD

MILO SO~lMEHFIELD

ELMER STEFANI

ARNOLD STEIN

RA nIOND H STELLINGS

LOUIS F STENGL

AUBREY G SUNDET

HARRY SVENNINGSEN

GEORGE S SWARD

CLARENCE K SWENSON

RODEHI TESCHENDORl

GEORGE P THARES

HARRY THOMPSEN

EDMUND W TIMMONS

GORDON K TORNBS

BENJAllIN J TOTUSHEK

HAROLD L TUCKER

JOHN J TURANSKY

]OUERf L VETIER

HUBERT H WABERS

CARL W WAGGONER

HUGH N WARRING

EVEHElT H WATERLAND

ARTHUR H WFllF~R

EVERT J WEISS

JOHN L WOITKOVICH

WlILIAM J WEPFER

PAUL W WERNICH

KENKETH A WILLIAMS

WALIACI WILSON

ROLAND J WOLH

CLAUD W WOLFORD

DENNIS S ZABOTH

ROBERT bIESENHENNE

CHICAGO MILV AUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

Southeastern Railway Company dated as of JanuaryTo the Stockholders

TI 1946 and the several Terre Haute companies cxeshy

HE year ] 945 was a most significant one It cuted modified identures and issucd modified bonds marked the ccssation of hostilities of World War II thereuncler as of the same date

and ushered in a period of hope for peace and prosperity To the winning of the war all of our energies were The mortgages agreements und other instruments dedicated and our ability to meet the war-time probshy provided for in the Plan were prepared and it was lems vas amply demonstrated Peace too has its decided that the Reorganized Company should be problems to the solution of which e dedicate our Chicago Milwaukee St Paul and Pacific Railroad skill industry and fortitude Company a corporation reorganized and existing under

the laws of the State of Wisconsin The charter and A most important milestone in thc history of The articles of incorporation were amended in accordance

Milwaukee Road was marked when on December I with the provisions of the Plan By its order entered 1945 the reorganized (hicago Milwaukee St Paul November 26 1945 the District Court authorized and and Pacific Railroad Compan~l assumed possession directed the vesting of the property in the reorganizedoperation and control of the properties theretofore company the execution and delivery of a deed of the operated and controlled by the Trustees property to the Reorganized Company the release of

the old mortgages the executio1l delivery and recordingA brief resume of 1945 insofar as the reorganization of the new mortgages the issuance of the new securishyis concerned follows ties and their delivery to an exchange agent for distrishy

Upon the appointment of the Reorganization Comshy bution all in accordance with the Plan These things mittee on March 13 the various steps necessary to conshy have been done summate the reorganization were commeneed On May

A motion by a Protective Committee for the old22 the District Court directed the distribution of Prcferred Stockholders to modify the order of Novemshy552038036 in cash to various classes of bondholders bcl 26 1945 to provide for the reervation of iurisshyin accordance with the provisions of the plan On Sepshydiction to make applicable legislation which might betember 19 the Ditrict Court entered an order finding enacted by the 79th Congress was denied January 3that the provisions of the Plan aHecting the Terre 1946Haute bondholders had been accepted by substantially

all of them and directed that these provisions of An appeal was taken to the Circuit Court of Appeals the Plan be carried out Accordingly a new lease for the Seventh Circuit That Comt dismissed the as entered into with Chicago TelTe Haute and appeal May 17th 1946

The Intcrstate Commerce Commission provided that the Plan of Reorganization be madc effective as of January 1 1944 Thc Results of Operation for the years 1944 and 1945 on the basis of the new capitalization follows

1945 1944 Received from freight passenger and miscellaneous operations a total revenue of $ 228946936 S 226709693

The cost of maintaining the property and of operating the railroad was 186859417 160585506

Leaving a balance from railroad operations of 42087519 66124187

Accrued taxes (Federal State and local) amolluted to 12067000 29 17l000

Leaving a balance of 30020519 36951187

Paid to other companies for hire of equipmellL and use of joillt facilities in excess of the amolUlt reccived from those SOUlces 3438189 4241668

This left an income from Jailroad operations of 26582330 32709519

Other income derived from lease of property illvestments in government securities stocks bonds notes and miscellaneous items Jess miscellaneous deductions was 2227077 1750437

jvlaking income available for fixed charges of 28809407 34459956

Fixed interest on fuueled debt equipment obligatiolls short term notcs and open accounts and rents paid for leased roads totaled 4027665 4024534

Leaving income after fixell charges of 24781742 30435422

Contingent charges were 10703831 11759212

Remainder of income available for corpUlaLe purposes s 14077911 S 18676210

4

Highlights of 1945 Performance in comparison with preceding years

ITEMS 1945 1944 1943 1942 1929

Fmql(lIIl 1ilRYTI I

Freight Revenue $ 168950558 S 171448855 S 174018632 S 146466550 S 137176431

Revenue Tons Handled (Thousands) 52326 53745 53824 48718 51954

Revenue Ton-miles (Thousands) 18182060 18323916 18209707 15908488 1309] 990

Average Haul-Miles 347 341 338 327 252

Nct Ton-miles plr Train-milc (Includes Ion-revenuc) 1109 ] 100 1058 981 739

K et Ton-miles per Train-hour (Includes] on-revenue) 17473 17449 16424 15716 9505

Locomotive-miles per Locomotive-day 1186 1186 1208 1210 114R

Car-milcs per Car-cay 460 459 466 432 343

Average] umber of Locomoti vegt in Service 611 622 615 624 931

Average lumbcr of Freight Cars Owned and Leased 55739 56030 55365 55352 70562

Passenger Revenue $ 37107494 $ 33885998 S 31010174 S 17772714 $ 16753297

Revenue Passengers Carried (Thousands) 11343 11070 10134 7637 7444

Revenue Passengcr-miles (Thousands) 2171853 j 953034 1771800 982405 572420

Average Distance Traveled-Miles 19147 17643 17484 12864 7689

Locomotive-milcgt pCI Locomotive-day 2528 2385 2257 2049 1953

Car-milcs per Owned Car-day 2873 2689 2485 2158 1885

Average Kumber of Locomotives in Service 179 182 184 184 345

Average Kumber of Passenger-Train Cars Owned and Leased 962 950 949 940 1346

Gross Earnings~RailwayOperating Revcnues $ 228946936 $ 226709693 S 22405105240 S 179867280 S 17]361385

Operating Expense Ratio 8162 7083 6491 6447 7516

Revenues and Expenses OPBRATING REVENUES for the year amounted to The principal increases were $6053264 in Mainteshy

$228946936 an increase of $2237243 or 1 over nance of Way and Structures of which $1376806 was 1944 chargeable to Amortization of Defense Projects

$16000456 in Maintenance of Equipment of which Freight Revenue decreased $2498297 or 15 $14187550 was charg~able to Amortization of Defense Passenger Revenue increased $3221496 or 95 Projects and $3911423 in Transportation All other revenues increased $1514044 or 71

Net railway operating income amounted to Operating Expenses were $186859417 an increase $26582330 compared with $32709519 for 1944 a

of $26273911 or 164 over 1944 decrease of $6127189 or 187

5

Frepoundght Rates and Passenger Fares

ON October 30 1945 the Commission entered a further order in Ex Parte 148~Increased Railway Rates Fares and Charges by the terms of which it further suspended the increase in freight rates originally authorized by the order of March 2 1042 until a date six months after the legal termination of the war As the original order provided the increases would expire six months after the termination of the 1mI the railshyroads Yill lose the possibility of increases in freight rates in that proceeding and will be required to cancel thA increases of approximately 10 in passenger fares six months after the termination of the war unless the Commission modifies its order Neither the President nor Congress has yet dAclared the war terminated

On May 15 1945 after extensive hearings over a period of approximately six years the Commission entered orders in Docket 28300~Class Rate Investishygation 1939 and Docket 28310~ConsolidatedFreight Classification which would ultimately require uniform freight classification and uniformity in the rates applishycable to class traffic in all of the freight classification territories east of the Rocky Mountains The order affecting class rates modified in unimportant respects by a subsequAnt order dated November 30 1945 required effective January 21 1946 increases of 10 in the interstate class rates applieable vithin Eastern

It IY7Jirtll 945 crowd walliHI o the ofJrnmiddotiny of fIll (lales to the Pioneet Limited I~l (lllilm Iaf ion hiw(Jo

territOlY and a decreasA of approximately 10 in the level of the interstate rates within Western and Southern tenitories and interterritorially between Eastern Southern and IVestern territories The order has been indefinitely postponed pending a trial in the United States District Court in New York where on petition of certain of the Eastern States it is sought to enjoin the Commissions order The railroads operating in the Western District including the Milwaukee have intershyvened in the proceeding in the support of the petitioners

The Interstate Commerce Commission required reshyductions of about 15 in the rates applicable to the rail movement of manufactured iron and steel articles within Western Trunk Line Tenitory and from Eastern origins to Western Trunk Line Territory The reduced rates became effective November 29 1945 and will result in a substantial reduction in revenue

Wage Increases and Schedule Re1Jpoundspoundons

DURING the yAar requests for wage increases and changes in certain rules were received from five train service or operating organizations and from fifteen nonoperating groups

As a result of negotiation the Brotherhood of Loshy

comotive Firemen and Enginemen the Order of Railway Conductors and the Switchmens Union

of North America agreed to defer the matter of rule changes and the fifteen nonoperating groups withshydrew their requests for rule changes The eighteen groups agreed to arbitrate their requests for wage increases On April 3 1946 the two separate boards of arbitration handed down an award of 16cent per hour in the case of the nonoperating groups and $128 per basic day in the case of the Brotherhood of Locomotive Fireshymen and Enginemen the Order of Railway Conductors and the Switchmens Union of North America both awards effective January 1 1946

The Brotherhood of Locomotive Engineers and the Brotherhood of

6

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 4: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILV AUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

Southeastern Railway Company dated as of JanuaryTo the Stockholders

TI 1946 and the several Terre Haute companies cxeshy

HE year ] 945 was a most significant one It cuted modified identures and issucd modified bonds marked the ccssation of hostilities of World War II thereuncler as of the same date

and ushered in a period of hope for peace and prosperity To the winning of the war all of our energies were The mortgages agreements und other instruments dedicated and our ability to meet the war-time probshy provided for in the Plan were prepared and it was lems vas amply demonstrated Peace too has its decided that the Reorganized Company should be problems to the solution of which e dedicate our Chicago Milwaukee St Paul and Pacific Railroad skill industry and fortitude Company a corporation reorganized and existing under

the laws of the State of Wisconsin The charter and A most important milestone in thc history of The articles of incorporation were amended in accordance

Milwaukee Road was marked when on December I with the provisions of the Plan By its order entered 1945 the reorganized (hicago Milwaukee St Paul November 26 1945 the District Court authorized and and Pacific Railroad Compan~l assumed possession directed the vesting of the property in the reorganizedoperation and control of the properties theretofore company the execution and delivery of a deed of the operated and controlled by the Trustees property to the Reorganized Company the release of

the old mortgages the executio1l delivery and recordingA brief resume of 1945 insofar as the reorganization of the new mortgages the issuance of the new securishyis concerned follows ties and their delivery to an exchange agent for distrishy

Upon the appointment of the Reorganization Comshy bution all in accordance with the Plan These things mittee on March 13 the various steps necessary to conshy have been done summate the reorganization were commeneed On May

A motion by a Protective Committee for the old22 the District Court directed the distribution of Prcferred Stockholders to modify the order of Novemshy552038036 in cash to various classes of bondholders bcl 26 1945 to provide for the reervation of iurisshyin accordance with the provisions of the plan On Sepshydiction to make applicable legislation which might betember 19 the Ditrict Court entered an order finding enacted by the 79th Congress was denied January 3that the provisions of the Plan aHecting the Terre 1946Haute bondholders had been accepted by substantially

all of them and directed that these provisions of An appeal was taken to the Circuit Court of Appeals the Plan be carried out Accordingly a new lease for the Seventh Circuit That Comt dismissed the as entered into with Chicago TelTe Haute and appeal May 17th 1946

The Intcrstate Commerce Commission provided that the Plan of Reorganization be madc effective as of January 1 1944 Thc Results of Operation for the years 1944 and 1945 on the basis of the new capitalization follows

1945 1944 Received from freight passenger and miscellaneous operations a total revenue of $ 228946936 S 226709693

The cost of maintaining the property and of operating the railroad was 186859417 160585506

Leaving a balance from railroad operations of 42087519 66124187

Accrued taxes (Federal State and local) amolluted to 12067000 29 17l000

Leaving a balance of 30020519 36951187

Paid to other companies for hire of equipmellL and use of joillt facilities in excess of the amolUlt reccived from those SOUlces 3438189 4241668

This left an income from Jailroad operations of 26582330 32709519

Other income derived from lease of property illvestments in government securities stocks bonds notes and miscellaneous items Jess miscellaneous deductions was 2227077 1750437

jvlaking income available for fixed charges of 28809407 34459956

Fixed interest on fuueled debt equipment obligatiolls short term notcs and open accounts and rents paid for leased roads totaled 4027665 4024534

Leaving income after fixell charges of 24781742 30435422

Contingent charges were 10703831 11759212

Remainder of income available for corpUlaLe purposes s 14077911 S 18676210

4

Highlights of 1945 Performance in comparison with preceding years

ITEMS 1945 1944 1943 1942 1929

Fmql(lIIl 1ilRYTI I

Freight Revenue $ 168950558 S 171448855 S 174018632 S 146466550 S 137176431

Revenue Tons Handled (Thousands) 52326 53745 53824 48718 51954

Revenue Ton-miles (Thousands) 18182060 18323916 18209707 15908488 1309] 990

Average Haul-Miles 347 341 338 327 252

Nct Ton-miles plr Train-milc (Includes Ion-revenuc) 1109 ] 100 1058 981 739

K et Ton-miles per Train-hour (Includes] on-revenue) 17473 17449 16424 15716 9505

Locomotive-miles per Locomotive-day 1186 1186 1208 1210 114R

Car-milcs per Car-cay 460 459 466 432 343

Average] umber of Locomoti vegt in Service 611 622 615 624 931

Average lumbcr of Freight Cars Owned and Leased 55739 56030 55365 55352 70562

Passenger Revenue $ 37107494 $ 33885998 S 31010174 S 17772714 $ 16753297

Revenue Passengers Carried (Thousands) 11343 11070 10134 7637 7444

Revenue Passengcr-miles (Thousands) 2171853 j 953034 1771800 982405 572420

Average Distance Traveled-Miles 19147 17643 17484 12864 7689

Locomotive-milcgt pCI Locomotive-day 2528 2385 2257 2049 1953

Car-milcs per Owned Car-day 2873 2689 2485 2158 1885

Average Kumber of Locomotives in Service 179 182 184 184 345

Average Kumber of Passenger-Train Cars Owned and Leased 962 950 949 940 1346

Gross Earnings~RailwayOperating Revcnues $ 228946936 $ 226709693 S 22405105240 S 179867280 S 17]361385

Operating Expense Ratio 8162 7083 6491 6447 7516

Revenues and Expenses OPBRATING REVENUES for the year amounted to The principal increases were $6053264 in Mainteshy

$228946936 an increase of $2237243 or 1 over nance of Way and Structures of which $1376806 was 1944 chargeable to Amortization of Defense Projects

$16000456 in Maintenance of Equipment of which Freight Revenue decreased $2498297 or 15 $14187550 was charg~able to Amortization of Defense Passenger Revenue increased $3221496 or 95 Projects and $3911423 in Transportation All other revenues increased $1514044 or 71

Net railway operating income amounted to Operating Expenses were $186859417 an increase $26582330 compared with $32709519 for 1944 a

of $26273911 or 164 over 1944 decrease of $6127189 or 187

5

Frepoundght Rates and Passenger Fares

ON October 30 1945 the Commission entered a further order in Ex Parte 148~Increased Railway Rates Fares and Charges by the terms of which it further suspended the increase in freight rates originally authorized by the order of March 2 1042 until a date six months after the legal termination of the war As the original order provided the increases would expire six months after the termination of the 1mI the railshyroads Yill lose the possibility of increases in freight rates in that proceeding and will be required to cancel thA increases of approximately 10 in passenger fares six months after the termination of the war unless the Commission modifies its order Neither the President nor Congress has yet dAclared the war terminated

On May 15 1945 after extensive hearings over a period of approximately six years the Commission entered orders in Docket 28300~Class Rate Investishygation 1939 and Docket 28310~ConsolidatedFreight Classification which would ultimately require uniform freight classification and uniformity in the rates applishycable to class traffic in all of the freight classification territories east of the Rocky Mountains The order affecting class rates modified in unimportant respects by a subsequAnt order dated November 30 1945 required effective January 21 1946 increases of 10 in the interstate class rates applieable vithin Eastern

It IY7Jirtll 945 crowd walliHI o the ofJrnmiddotiny of fIll (lales to the Pioneet Limited I~l (lllilm Iaf ion hiw(Jo

territOlY and a decreasA of approximately 10 in the level of the interstate rates within Western and Southern tenitories and interterritorially between Eastern Southern and IVestern territories The order has been indefinitely postponed pending a trial in the United States District Court in New York where on petition of certain of the Eastern States it is sought to enjoin the Commissions order The railroads operating in the Western District including the Milwaukee have intershyvened in the proceeding in the support of the petitioners

The Interstate Commerce Commission required reshyductions of about 15 in the rates applicable to the rail movement of manufactured iron and steel articles within Western Trunk Line Tenitory and from Eastern origins to Western Trunk Line Territory The reduced rates became effective November 29 1945 and will result in a substantial reduction in revenue

Wage Increases and Schedule Re1Jpoundspoundons

DURING the yAar requests for wage increases and changes in certain rules were received from five train service or operating organizations and from fifteen nonoperating groups

As a result of negotiation the Brotherhood of Loshy

comotive Firemen and Enginemen the Order of Railway Conductors and the Switchmens Union

of North America agreed to defer the matter of rule changes and the fifteen nonoperating groups withshydrew their requests for rule changes The eighteen groups agreed to arbitrate their requests for wage increases On April 3 1946 the two separate boards of arbitration handed down an award of 16cent per hour in the case of the nonoperating groups and $128 per basic day in the case of the Brotherhood of Locomotive Fireshymen and Enginemen the Order of Railway Conductors and the Switchmens Union of North America both awards effective January 1 1946

The Brotherhood of Locomotive Engineers and the Brotherhood of

6

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 5: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Highlights of 1945 Performance in comparison with preceding years

ITEMS 1945 1944 1943 1942 1929

Fmql(lIIl 1ilRYTI I

Freight Revenue $ 168950558 S 171448855 S 174018632 S 146466550 S 137176431

Revenue Tons Handled (Thousands) 52326 53745 53824 48718 51954

Revenue Ton-miles (Thousands) 18182060 18323916 18209707 15908488 1309] 990

Average Haul-Miles 347 341 338 327 252

Nct Ton-miles plr Train-milc (Includes Ion-revenuc) 1109 ] 100 1058 981 739

K et Ton-miles per Train-hour (Includes] on-revenue) 17473 17449 16424 15716 9505

Locomotive-miles per Locomotive-day 1186 1186 1208 1210 114R

Car-milcs per Car-cay 460 459 466 432 343

Average] umber of Locomoti vegt in Service 611 622 615 624 931

Average lumbcr of Freight Cars Owned and Leased 55739 56030 55365 55352 70562

Passenger Revenue $ 37107494 $ 33885998 S 31010174 S 17772714 $ 16753297

Revenue Passengers Carried (Thousands) 11343 11070 10134 7637 7444

Revenue Passengcr-miles (Thousands) 2171853 j 953034 1771800 982405 572420

Average Distance Traveled-Miles 19147 17643 17484 12864 7689

Locomotive-milcgt pCI Locomotive-day 2528 2385 2257 2049 1953

Car-milcs per Owned Car-day 2873 2689 2485 2158 1885

Average Kumber of Locomotives in Service 179 182 184 184 345

Average Kumber of Passenger-Train Cars Owned and Leased 962 950 949 940 1346

Gross Earnings~RailwayOperating Revcnues $ 228946936 $ 226709693 S 22405105240 S 179867280 S 17]361385

Operating Expense Ratio 8162 7083 6491 6447 7516

Revenues and Expenses OPBRATING REVENUES for the year amounted to The principal increases were $6053264 in Mainteshy

$228946936 an increase of $2237243 or 1 over nance of Way and Structures of which $1376806 was 1944 chargeable to Amortization of Defense Projects

$16000456 in Maintenance of Equipment of which Freight Revenue decreased $2498297 or 15 $14187550 was charg~able to Amortization of Defense Passenger Revenue increased $3221496 or 95 Projects and $3911423 in Transportation All other revenues increased $1514044 or 71

Net railway operating income amounted to Operating Expenses were $186859417 an increase $26582330 compared with $32709519 for 1944 a

of $26273911 or 164 over 1944 decrease of $6127189 or 187

5

Frepoundght Rates and Passenger Fares

ON October 30 1945 the Commission entered a further order in Ex Parte 148~Increased Railway Rates Fares and Charges by the terms of which it further suspended the increase in freight rates originally authorized by the order of March 2 1042 until a date six months after the legal termination of the war As the original order provided the increases would expire six months after the termination of the 1mI the railshyroads Yill lose the possibility of increases in freight rates in that proceeding and will be required to cancel thA increases of approximately 10 in passenger fares six months after the termination of the war unless the Commission modifies its order Neither the President nor Congress has yet dAclared the war terminated

On May 15 1945 after extensive hearings over a period of approximately six years the Commission entered orders in Docket 28300~Class Rate Investishygation 1939 and Docket 28310~ConsolidatedFreight Classification which would ultimately require uniform freight classification and uniformity in the rates applishycable to class traffic in all of the freight classification territories east of the Rocky Mountains The order affecting class rates modified in unimportant respects by a subsequAnt order dated November 30 1945 required effective January 21 1946 increases of 10 in the interstate class rates applieable vithin Eastern

It IY7Jirtll 945 crowd walliHI o the ofJrnmiddotiny of fIll (lales to the Pioneet Limited I~l (lllilm Iaf ion hiw(Jo

territOlY and a decreasA of approximately 10 in the level of the interstate rates within Western and Southern tenitories and interterritorially between Eastern Southern and IVestern territories The order has been indefinitely postponed pending a trial in the United States District Court in New York where on petition of certain of the Eastern States it is sought to enjoin the Commissions order The railroads operating in the Western District including the Milwaukee have intershyvened in the proceeding in the support of the petitioners

The Interstate Commerce Commission required reshyductions of about 15 in the rates applicable to the rail movement of manufactured iron and steel articles within Western Trunk Line Tenitory and from Eastern origins to Western Trunk Line Territory The reduced rates became effective November 29 1945 and will result in a substantial reduction in revenue

Wage Increases and Schedule Re1Jpoundspoundons

DURING the yAar requests for wage increases and changes in certain rules were received from five train service or operating organizations and from fifteen nonoperating groups

As a result of negotiation the Brotherhood of Loshy

comotive Firemen and Enginemen the Order of Railway Conductors and the Switchmens Union

of North America agreed to defer the matter of rule changes and the fifteen nonoperating groups withshydrew their requests for rule changes The eighteen groups agreed to arbitrate their requests for wage increases On April 3 1946 the two separate boards of arbitration handed down an award of 16cent per hour in the case of the nonoperating groups and $128 per basic day in the case of the Brotherhood of Locomotive Fireshymen and Enginemen the Order of Railway Conductors and the Switchmens Union of North America both awards effective January 1 1946

The Brotherhood of Locomotive Engineers and the Brotherhood of

6

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

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---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 6: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Frepoundght Rates and Passenger Fares

ON October 30 1945 the Commission entered a further order in Ex Parte 148~Increased Railway Rates Fares and Charges by the terms of which it further suspended the increase in freight rates originally authorized by the order of March 2 1042 until a date six months after the legal termination of the war As the original order provided the increases would expire six months after the termination of the 1mI the railshyroads Yill lose the possibility of increases in freight rates in that proceeding and will be required to cancel thA increases of approximately 10 in passenger fares six months after the termination of the war unless the Commission modifies its order Neither the President nor Congress has yet dAclared the war terminated

On May 15 1945 after extensive hearings over a period of approximately six years the Commission entered orders in Docket 28300~Class Rate Investishygation 1939 and Docket 28310~ConsolidatedFreight Classification which would ultimately require uniform freight classification and uniformity in the rates applishycable to class traffic in all of the freight classification territories east of the Rocky Mountains The order affecting class rates modified in unimportant respects by a subsequAnt order dated November 30 1945 required effective January 21 1946 increases of 10 in the interstate class rates applieable vithin Eastern

It IY7Jirtll 945 crowd walliHI o the ofJrnmiddotiny of fIll (lales to the Pioneet Limited I~l (lllilm Iaf ion hiw(Jo

territOlY and a decreasA of approximately 10 in the level of the interstate rates within Western and Southern tenitories and interterritorially between Eastern Southern and IVestern territories The order has been indefinitely postponed pending a trial in the United States District Court in New York where on petition of certain of the Eastern States it is sought to enjoin the Commissions order The railroads operating in the Western District including the Milwaukee have intershyvened in the proceeding in the support of the petitioners

The Interstate Commerce Commission required reshyductions of about 15 in the rates applicable to the rail movement of manufactured iron and steel articles within Western Trunk Line Tenitory and from Eastern origins to Western Trunk Line Territory The reduced rates became effective November 29 1945 and will result in a substantial reduction in revenue

Wage Increases and Schedule Re1Jpoundspoundons

DURING the yAar requests for wage increases and changes in certain rules were received from five train service or operating organizations and from fifteen nonoperating groups

As a result of negotiation the Brotherhood of Loshy

comotive Firemen and Enginemen the Order of Railway Conductors and the Switchmens Union

of North America agreed to defer the matter of rule changes and the fifteen nonoperating groups withshydrew their requests for rule changes The eighteen groups agreed to arbitrate their requests for wage increases On April 3 1946 the two separate boards of arbitration handed down an award of 16cent per hour in the case of the nonoperating groups and $128 per basic day in the case of the Brotherhood of Locomotive Fireshymen and Enginemen the Order of Railway Conductors and the Switchmens Union of North America both awards effective January 1 1946

The Brotherhood of Locomotive Engineers and the Brotherhood of

6

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 7: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Railroad Trainmen declined to agree to defer the matter

of rule changes A strike was called for March 11 1946

whereupon the President of the United States issued an

Executive Order creating an Emergency Board under

Section 10 of the Railway Labor Act On April 18 1946

the Emergency Board in its report to President

Truman recommended a wage increase of IGcent per

hour effective January 1 1946 and also recommended

certain changes in working rules

As a result of the wage awards and recommendation

of the Emergency Board together with similar allOvshy

ances made to those not covered by wage agreements

payrolls for 1946 will be increased about $16820000

which together with increased payroll taxes of

$1050000 makes a total estimated increase of

$17870000 per annum

A request has been received from the Train Disshy

patchers for a reduction in the hours per day from eight

to six without reduction in compensation Sleeping Car

Conductors and the Brotherhood of Sleeping Car

Porters have asked for increases in wages Disposition

of these requests is pending

Land Grants ON October 4 1945 the Congress enacted a Bill effective October 1 1946 repealing the provisions of the United States Statutes requirshying railroads in consideration of land grants to transport military and naval property and personnel of the United States Government at reduced rates

The provisions of the Land Grant Acts have not only required the railroads to handle large volshyumes of traffic at greatly reduced rates but they have given rise to many controversies with the Government over applicable freight charges The repeal is in the inshyterest of commercial shippers as well as the railroads

Additions and BetteY1nents

DURING the year gross expenditures of $23015992

were made on improvements and additions to the

equipment and fixed property of the company The

principal items are listed in the following pageD

I111proved TeY1ninal Yard and Station Facilities

CONSTRUCTION of a new outbound yard at Bensenville

just west of Chicago was commenced during the year

This involved the removal of an older type hump

yard which had not been operated as such since 1923

Because of its track layout it could not be converted

into a modern hump yard of the retarder type Used as

an outbound classification and departure yard it as

inadequate both in number of tracks and capacity

and resulted in delays to outbound trains and made

necessary reclassifying at other terminals fmch as

Savanna and Milwaukee

The new yard is a modern gravity yard for flat

switching It has ample track capacity for speedy and

economical handling of the large volume of freight

moving through the Chicago terminals Its track lengths

are adapted to the long trains which are now handled

by the roads modern locomotives

HIIIII Imilf lOIltrllctilgt7 flf the nulJ(lllnil Bellsenllille yard iIll rle11iek Ul~ 1Jluc 11 mils it liell lind III (he adjoining tllck U CTew is appllling joint hilTS

7

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 8: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

l wier diesel mill stlam 1JUWlI lnng jreiuJrtIi (IV 8emWIIshyIll yllrd for the f01h nOIhwe5l 10(15 anrl uutlHle~ [Ishylttding 50rrl(J1 11111 ~erllicl tlllcks Ihe Bensenville yalll UIlt llOrf IWII 100 fIIillt I mck

------------------------------shy

This new yard which will be completed early in

1946 consists of eight receiving tracks eighteen classishy

fication tracks two caboose tracks and a scale track

A consolidated yard office takes care of both inbound

and outbound traffic and a public address system

permits two-way communication between yardmasters

and enginemen and between various parts of the yard

including the Car Department

With the new yard trains will be completely classified

before leaving Chicago This effects savings not only

in Chicago but in Savanna and Milwaukee In addition

because of the elimination of delays at those terminals

it will be possible to haul heavier train loads with the

same pOer and in the same over-all time

It is estimated this improvement will result 111 an

annual saving of $136000 in operating expenses

Facilities of the Western Avenue Chicago yard have

also been improved to permit more efficient inspection

and repair of passenger cars and the servicing of air

conditioning units Concrete inspection pits have been

constructed with a fabricated metal building overhead

which enables employes to do their work with greater

efficiency and comfort in inclement weather An addishy

tional 425 horsepower stationary boiler was installed

in the Vestern Avenue power plant to supplement

existing boilers

DHSpilf the 11wrowded ajpcrwshyance uf tlte outbmll1d BI7lIiCII1illc Iwd two UOW freight Irllin5 WEte beillg mllde 111J lvum ph 7llrlS taken M IWI tracks mll (1 lie llIdlld ill the graded IlnlU to tlte left

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 9: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Two 638 horsepower boilers were installed in the

powerhouse at Milwaukee to replace old boilers

Additional facilities were constructed at Othello and

Tacoma Washington to service diesel and electric

locomoti ves

Passenger depots at Perry IOva Northfield Minneshy

sota Wauwatosa Wisconsin and Bensenville Illinois

were enlarged or modernized to provide better facilities

for the public

A 40 X 100 frame addition to the potato warehouse

at Mannheim Illinois was constructed to provide

additional storage and handling space

At Minneapolis Minnesota and Everett Washingshy

ton I50-ton track scales replacing smaller ones ele

installed to handle increased volume of business

The fruit house at Minneapolis Minnesota was

enlarged to provide garage and additional space to

handle increased business

At Chicago (Goose Island) 40710 square feet of

concrete driveways were constructed to lIlcrease

capacity of present driveways

A new 22 x 62 one-story frame mail and express

building was constructed at Miles City Mont (illlIlW(lOa freight Jotse i~ (m efficient flldlily for h(mdling 1I1eIhmlllisl$jreigJtl rl~ pict(lred aboue IIl1 can llri pvled in oltlmy TIIWS ltith doal ltlore1st ~v thai loads may oe 7111J1Crl to any al 11ft any tlaIk

Trwk [vllds of carefully tafged shirrmlI~ (re 115 ltIIled Or the (ov(((t loading pllltjOtl and moved to lhe wailillll WIS j1fershy(hlllfi~e is uf all types sites 1111 classUicalwns

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 10: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

111 tile freight mr SI()7)~ 1m (JRqpmJly

linc keeps Jig un iI~ mOling 1-111 rOllnrk~ able spe-tl [Jrre Ihe 11rck III flo()T frame of (J I)OJ COl resII tlj1~ide riln whit wltlclIl are 11 work nd (J (1 is alluched

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 11: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Modernize Shops at Milwaukee to

Build Passenger and Freight

Equipment

THE Milwaukee Road is one of the few railroads that

has for many years built its own passenger and freight

cars Such types of equipment as the all-welded lightshy

weight steel cars of the RIAWATRAS and all-welded

steel plywood-lined freight cars that carry heavier pay

loads with less dead wcight were pioneered in our shops

During 1945 work was commenced on a compreshy

hensive program of modernization and improvement

of the shop facilities at Milwaukee Wisconsin The

program will require several years to complete It

involves the construction of a new passenger car and

locomotive shops a new storehouse and office building

provision for steel fabricating and forging facilities and

new covered craneway and necessary changes in tracks

and roadways within the shop area The estimated

cost of the entire program at current prices is

$4300000 It is anticipated that savings due to inshy

creased efficiency will amortize this investment over a

period of fivc ycars

TMs ~P(IiI111IlPI(I()J1cd (I1ltJIlwtic spot 1ImiddoteldiT is weltiiny st I ploleq t1t jortn tlle sille o 11 bur em

Hem thl romplPled side of box em has lIeen IlOiqted into pllIl anti is being fastml tlo Ihe fluor me

AI leil tlie campde] eI ill 1I111I1l1111 bllil [faclul

Wil side Itlt UJI 1111 jloor in lite fIr is lind lilh Ili( pllUllIId h((t This tyll I(f middotolmiddottrvrtion IIIq delJelopel IV the J11 il 1Il1l1k

11

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 12: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

AI Zefl i bull Ihe fmw1hlI wlllfl mol-en metal ibull 1))J1middotPrmiddothllo moldbullbull JIYI 1111 IIj till jrcilll CUl wheels l~sld boy lhe railroad

lfter heillll cll~l the hot whed go lu lhmiddot 111lI1gtlIlill ruolli for IUlldenshyillg fmd the IIle tacked by thi lile-rhew] conveyor

lina7 step llhpll til Uheel mul axle IlsscmbI iil cllmplcle il Irlling Ihe ulwei on thi~ prcci~i(jll rillding machille

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 13: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Track and Roadway Expenditures to Ilnprove

Operating Conditions

A DIG share of railroad expenditures goes into the maintenance of its track structure Other large sums are spent on the modernization of exii3ting track and the construction of new

During the year 35 miles of new eastbound main track were constructed between Island Siding and Indio near Red Wing Minnesota This completes the project started in 1942 of replacing the eastbound main track which was formerly on a separate right of way This eastbound track the original line built in 1870 had very poor alifnment and a large amount of bridging A number of the bridges were due for renewal The reconstructed line adjoining the westbound track has reduced curvature and the expense of maintenance and replacement of bridges

New rail was laid on 190 miles of track Another 87 miles were relaid with used rail taken largely from sections on which heavy traffic required the installation of heavier rail

Main tracks aggregating 427 miles were improved by the application of additional ballast Passing track construction totaled 16558 feet New yard and side track construction amounted to 60000 feet

Line changes to eliminate the danger of slides and washouts were made on 26000 feet of main track Approximately 270000 lineal feet of pipe drains were installed in wet cuts fills and in station grounds

Track elevation work on the unfinished portion of the Evanston line between Church Street and Garnett Place Evanston Illinois was completed except for the construction of two stations

The program of filling or replacing open deck bridges with structures of a more permanent character was continued

13

ModeJ eqldpm n( s i1ll plijics I Ill d JIUllntrnance This powej ide Iljls jlis (mr tieH 0 IIIIU(l~Ilg

Ill trark NI iHr take~ II siOltl whilt tll( )QWriIUk rlli~lis the rail 10 level

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 14: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

Che J million dolIll Presidlnt I1arly I Truman Blitllll Oller lItebull

Mi~w)tlli Ia 0l lIet to trtt(fic fllne 1 Jn41i 1I1l puntdrs 11 middothollflmiddot IIIUIlt )1 11 ilu(wJrIlt Road wltl Ruck JslufI LIJIls lrltill~ iulo KIs1s Cit

Railroad (~nd filJi olJieirtlmiddot IV je pr en lit the f 1lI1al derlicrrl1oll of the l1ulf(middot llw entire 6tmetllle i~ 1101 tll(lll half IIlain length (J1d hils II 4IJO-l VIIIClti lifl spun-longest 0 ils tllle in the United States

New Entry into

Kansas City

THE nell double track line between Birmingham and

Air Line Junction Kansas City Missouri owned jointly

with the Chicago Rock Island and Pacific Railway

Company was placed in operation on June 1 1945

Construction of the new steel bridge across the Missouri

River was completed in May and the structure was

formally dedicated on May 23 1945 as the President

Harry S Truman Bridge

Replacing the Milwaukee Roads exclusively owned

old bridge the Truman Bridge embodies the latest

developments in the art of bridge design It is estimated

between 50 and 60 trains a day will pass over it

Completion of the new line into Kansas City pershy

mitted the inception of joint operation of the freight

and terminal facilities at that point with the Kansas

City Southern Railway Company under joint ownershy

ship and supervision

14

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 15: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CentralizedTraffic Control

Extended O)er

Additional Main Lines

A CENTRALIZED Traffic Control system consists of a

master machine inter-connected with a number of

receiving stations The operator of the master machine

can read directly the loeation of each train on his

section of line its time at control points the direction

of traffic and the position of all signals and switches

He is in direct eommunication with all station opArators

and through the receiving station ean aetuatc all

switchcs and signals The systcm not only expedites

the movement of traffie but increases safety and pershy

mits the operation of up to 50 more traffic over a

given seetion of line

During 1945 installations of Centralized Traffic

Control were made on four sections totaling 118 miles

of line These were between Faribault and Mendota

and between Glencoe and Granite Falls Minnesota

betccn Delmar and Puder Illinois and between

Birmingham and Kansas City By the end of the year

the system had been installed on eigb teen sections of

line totaling 29S miles Seven additional installations

covcring 370 miles are proposed for 194fi

Train C01nn2unication Systerns

DUIUNG the past year considerable experimentation

has been carried on with train communication systems

of both induction and space radio types These experishy

ments ere carried on between iVlilwaukee and Eansas

City on the diesel operatcd trains and on Lines West

of Harlowton Montana in the electrified territory

As a result of these tests orders crc rlacAd for space

radio equipment for two diesel locomotivcs and to

cabooses To carry out further experiments additional

installations will be made on three diesel locomotives

and tO cabooses operating on the eastern lines and

one diesel locomotive and two electric loeomotie and

two cabooses operating west or Harlowton Montana

lne operatm of tTw r T C machi-ne -pfclJurcd belollJ can sin~ ont (lIIOlloliC ellictTicnl ~i(llais 10 (L e1ies OJ l cewng 8Iat-oIl8 1ItC$lt slalums In 1111I aclwle electTic swilchebull and s~J1I11 ight like the Diles to lhe eft

15

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 16: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

were accomplii-Jhed in the number of reportable casushyalties

Operation of the Hand Brake Instruction Car conshytinued and about 3500 employes received first-hand instruction on the safe operation of hand brakes

The program of holding safety meetings and making individual contacts with employes on the part of the District Safety Engineers as well as the division officers is being pushed energetically

Agrpoundcultural and Mpoundneral Develop1nent Department

CONTINUING efforts and further progress are beinp made in the adoption financing and execution of projects and programs designed to benefit the people and territory served by The Mil waukee Road by making more efficient use of land forest water and mineral resources In many instances increases in traffic handled are directly traceable to the efforts of this Department

The year saw an increase in the number of feeder livestock moved to and fattened in Milwaukee Road territory Production of soy beans wheat oats flax potatoes and dairy products was at record levels

There vas also increased use of lime and commercial fertilizers

In the mineral field further discoveries were made of rock pumice and pumicite used in cleansing scourshying and polishing operationi-J Also of anorthosite (ni trate-bearing rock)] and of cliche a soda-lime feldshyspar used in the manufacture of pottery and glass The deposits discovered are of commercial size and quality

Coal] bentonite (used in molds for casting] oil drilling muds etc) clays sands gravels granite] limestone phosphate rock shales and oil were the subjects of continued research and survey

Interest remains high in agricultural opportunities] farms ranches and recreational propertiefi offered for sale in the road]s territory Over ten thousand booklets and lists were distributed to inquirers and this service has resulted in moving many additional families into our agricultural territory

Construction of proposed irrigation facilities in the Columbia and jVlissouri river basins will afford irrigashytion water for about six million acrefi of which a large portion is in territory wholly OJ partly served by the road These projects vill provide for flood control] power development and alJied uses and should ultishymately result in considerably increased productivity in the areas involved

T HE successful performance of our important val work was made possible by the devoted effort industry and fidelity of the men and women of The MihYaukee Road and it is a privilege to

make this record of a job well done

General Balance Sheet Income and Profit and Loss Accounts detailed statements of Railshyway Operating Revenues Expenses and Income and other tables relating to the affairs of the railroad] are appended hereto

H A SCANDRETT By ordcr of thc Board of Dircctors pjmiddotesidenl

May 20 1)46

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 17: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

ASSET SIDE

INVILSTMElXTS

Road and equipment property Road $55847952820 Equipment General expenditures

20186615039 3879161753

Total 79913729612

Improvements on leased property Road 55894392 Equipment General expendi tut()s

14908986 1485533

Total 72288911

Acquisition adjustment 17093200913

Donations and grants 1223400

Investment in transportation property 62891594210 Accrued deprecia tion-Road 5610946103 Accrued depreciation-Equipment 10758333398 Accrued amortization of defense projects-Road 208366176 Accrued amortization of defense projects-Equipment 1902821695

Investment in transportation property less recorded depreciation and amortization 44411126838 Total book Companys

assets own issues Dec 31 1945 included

Sinking funds $ 17818125 None 17818125 Capital and other reserve funds 21249221 None 21249221 Maintenance funds 140000000 Miscellaneous physical property 795496409 Accrued depreciation-Miscellaneous physical property 128212943

Miscellaneous physical property less recorded depreciation 667283466 Investments in affiliated companies

Stocks 507237380 Bonds 147700000 Unsecured notes 337209051 Investment advances 786003841

Other investments Stocks 733700 Other secured obligations 1263400 Investment advances 125000

Reserve for adjustment of investments in securities 6475794 Total Investments less recorded depreciation and amortization 47031274228

CURRENT ASSETS

Cash 2662621170 Temporary cash investments 5940000000

Total book Companys assets own issues

Dec 31 1945 included Special deposits $ 1423475461 None 1423475461 Net balance receivable from agents and conductors 341327921 Miscellaneous accounts receivable 1215929309 Material and supplies 2103801007 Interest and dividends receivable Accrued accounts receivable Other current assets

59916442 801056994

62235511 Total Current Assets 14610363815

DEFERRED ASSETS

Working fund advances Other deferred assets

36679399 80454908

Total Deferred Assets 117134307

UNADJUSTED DEBITS

Prepayments Discount on funded debt Other unadjusted debits

5822183 12042901

172233352 Total Unadjusted Debits 190098436

GRAND TOTAL $ 61948870786

Italics denote credits 20

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 18: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

GENERAL BALANCE SHEET AS OF DECEMBER 31 1945

LIABILITY SIDE

CAPITAL SrocK

Common stocke-no par value (stated value $100 per share) Preferred stock-par value $100

Total Stock

LONG TERM DEBT

Funded debt unmatured Equipment obligations

Total Long Term Debt

CUHRENT IIABILITms

Traffic and car-service balances-Cr Audited accounts and wages payable Miscellaneous accounts payable Interest matured unpaid Unmaturcd interest accrued Accrued accounts payable TaeR accrued

Other current liabilities

Total Current Liabilities

DEFERRED LIAB1LITlEf

Other deferred liabilities

Total Deferred Liabilities

UNADJUSTED CRliVITS

Premium on funded debt Maintenance reserves Other unadjusted credits Accruerl depreciation-Leased property

Total Unadjusted Creoits

SURPLUS

Earned Rurplus-Appropriated Earned surplus-Unappropriated

Total Surplus

GRAND TOTAL

Total book liability

Dfc 31 1945

$21232140000 11217400000

Total book liabilitv

Dec 31 i945

$16767980000 2347603374

Companys holdings included

None $21232140000 None 11217400000

32449540000

Companys holdings included

None 16767980000 None 2347603374

19115583374

597599300 1282692127

303926088 304391442 499053808 412523440 415340668 560728832

4376255765

82808316

82808316

2105826 136626100 941856300 309623628

1390211854

1319109068 3215362409

4534471477

$61948870786

Contingent liabilities with respect to securities of other companies (not included in the foregoing balance sheet) are stated in detail on page 25

21

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 19: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

bullbullbull bullbullbullbull

bullbullbullbullbull

bullbullbullbullbullbullbullbullbull

---------- - --- -- -----

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INCOME ACCOUNT 1945-1941

ITEMS 1945 1944 1943 1942 1941

RAILWAY OPERATING REVENUES Freight middot S 168950558 $ 171448855 $ 174018632 $ 146466550 $ 117246205 Passenger - - 37107494 33885998 31010174 17772714 9646900 Mail - 3442374 3444700 3442965 3260298 3377247 Express 5916488 5269519 4428612 3003575 1718915 Switching 3897616 3956434 3844297 3579379 3312140 All other 9632406 8704187 7770560 5784764 4344715

Total middot middot 228946936 226709693 224515240 179867280 139646122

RAILWAY OPERATING EXPENSES Maintenance of way and structures 44931431 38878167 36149211 25559185 20043659 Maintenance of equipment 51029360 35028904 31362161 26065126 22782449 Traffic 3592877 3570829 3101603 2822846 2819676 Transportation 78764472 74853049 67796281 55400318 47028458 Miscellaneous 2802024 2643214 2340806 1587866 1219351 General 5739253 5611343 4985739 4527923 4153625 Transportation for investment-Cr - Cr 281682

Total middot - 186859417 160585506 145735801 115963264 97765536 (Operating Ratio) middot (8162) (7083) (6491) (6447) (7001)

NET REVENUE FROM RAILWAY OPERATIONS 42087519 66124187 78779439 63904016 41880586

INCOME ITEMS Railway tax accruals middot bullbull _eo 12067000 29173000 26030000 25701000 9236000

0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullEquipment rents-Net debit 1116152 440065 Cr 165524 456818 2129168 Joint facility rents-Net debit middot 2322037 3801603 2246009 3241544 2333443

Total 15505189 33414668 28110485 29399362 13698611

NET RAILWAY OPERATING INCOME 26582330 32709519 50668954 34504654 28181975 OTHER INCOME

Income from lease of road and equipment 202393 240560 136798 259285 241082 Miscellaneous ren t income bullbullbullbull 0 450783 429629 449362 407683 379995_0

Dividend income bullbullbullbullbullbullbull 0 130782 39582 161182 221880 270082 All other accounts 1574934 1831250 1167442 235345 268263

Total bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 bullbullbullbullbullbull 2358892 2541021 1914784 1124193 1159422 MISCELLANEOUS DEDUCTIONS FnoM INCOME

Miscellaneous rents bull 0middotmiddot bull 31958 30487 22987 24747 24405 Miscellaneous tax accruals - - 38582 38787 32642 36552 32679 Miscellaneous income charges middotmiddotmiddotmiddotmiddotmiddotmiddot0_ 0

59928 558301 46485 126971 344594 Delayed income debits middotmiddot0middotmiddotmiddotmiddotmiddotmiddot _ 1347 163009 -bullbull bullbull 0 bullbullbullbullbullbullbullbullbull

Total - 131815 790584 102114 188270 401678 NET OTHER INCOME 2227077 1750437 1812670 935923 757744

INCOME AVAILABLE FOR FIXED CHARGES 28809407 34459956 52481624 35440577 28939719

FIXED CHAHGES Rent for leased roads and equipment 1108656 1109881 1109060 1109214 1108970 Interest on funded debt middot 2896740 2893991 12789232 12980952 13117945 Interest on unfunded debt 11 296 10148 7247 8701 13079 Amortization of discount on funded debt 10973 10514 18777 23194 I 24706

I

Total 4027665 4024534 13924316 14122061 14264700 INCOME AFTER FrXED CHARGES 24781742 30435422 38557308 21318516 14675019 CONTINGENT CHARGES

Income applied to sinking and other reserve funds Additions and betterments fund 5144238 6176490 Sinking funds 692181 692181 Intercst on funded debt 4867412 4890541 9143685 9143685 9143685

Total 10703831 1175921Z 9143685 9143685 9143685

NET INCOME AFTER FIXED CHARGES AND OTHER DEDUCTIONS 14077911 18676210 29413623 12174831 5531334

DISPOSITION OF NET INCOME Miscellaneous appropriations of income 1000000 Income b~lance transferred to Earned sl1lplus- Un- _

appropnated S 14077911 Is 17676210 S 29413623 $ 12174831 $ 5531334

Freight Revenue has been Ieduced $1750000 for the year 1945 $2650000 for the year 1944 $3500000 for the year 1943 and $500000 for the year 1942 on account of reserve for land grant adjustments

Amounts included in 1945 because of additional amortization of defense projects accQunt shortened period of amortization Railway operating epenses $13834048 Railway tax accruals credit $11673827

22

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 20: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

INCOME ACCOUNT 1940-1936

ITEMS 1940 1939 I 1938 1937 1936 --------------------------------------1------- ------1-------1-----shyRAILWAY OPERATING REVJltNUES

Freight _ _ $ 95113461 pound 88622160 $ 82219057 $ 88576457 $ 91560382 Passenger 8100381 7893798 7797830 8285704 7496998 MaiL 3184284 3112376 3029406 3110942 3077277 Express 1570701 1521840 1481599 1701082 1770062 Switching 2959990 2654757 2347147 2672959 2802750 All other 3446772 3070449 2561807 3315132 2434617

Total 1143175589 106875380 99436846 107662276 109142086

RAILWAY OPERATING EXPENSES Maintenance of wav and structures 17989750 18293695 14824274 17370183 18561825 Maintenance of equipment 20560370 19816655 19131875 20627129 19652864 Traffic 2774772 2739990 2762213 2708358 2559788 Transportation 41292552 40267212 39623468 41985006 40501964 MisceJlaneous 960560 945121 908809 929316 815656 General 3884748 3800744 3721030 3886777 3500799 Transportation for investment-Cr Cr 292608 Cr 351603 Cr 298482 Cr 369325 Cr 348542

Total - 87170144 85511814 80673187 87137444 85244354 (Operating Ratio) - - (76 21 ) (8001) (8113) (8094) (7810)

NJT REVENUJ FROM RAILWAY OPhRATIONS - 27205445 21363566 18763659 20524832 23897732

INCOME ITEMS Railway tax accruals 8720000 8297000 8705000 6761355 8135000 Equipment rents-Net debit 2039741 2438838 2317945 2493488 3334094 Joint facility rents-Net debit 2600060 2503534 2466175 2479328 2967280

Total 13359801 13239372 13489120 11734171 14436374

NET RAILWAY OPERATING INCOME 13845644 8124194 5274539 8790661 9461358 OTHER INCOME

Income from lease of road and equipment 239438 231RI0 32944 105120 433888 Miscellaneous rent income 383469 421761 418443 425090 397179 Dividend income 278006 434783 156412 320590 383389

I 241312 343546 321012 283841 245124All other accounts __~~~I--~~=-I----=-=--I--_____~_~ Total 1142225 1431900 928811 1134641 --1459580

MISCRLLANEOUS DlltJDUCTIONs FROM INCOME Miscellaneous rents 27416 26805 27686 29594 28501 Miscellaneous tax accruals _ 38550 29134 33149 29787 25480 Miscellaneous income charges 54910 44706 40649 41187 15626 Delayed income debits - -

Total 120876 100645 101484 100568 69607 NET OTHER INCOME 1021349 1331255 827327 1034073 1389973

INCOME AVAILABLE FOR FIXED CHARGES 14866993 9455449 6101866 9824734 10851331

FIXFD CHARGES Rent for leased roads and equipment 1109815 1110854 1112053 1109652 1108212 Interest on funded debt 13402446 13564820 13716626 13650082 13622933 Interest on unfunded debt 11076 38015 98882 114885 135579

27701 37030Amortization of discount 01 funded debt _---=--2~(j~4~93-1---2~S~458~1-_2628~90-1--________d~I Total 14549830 14739147 14954451 4902320 14903754

1 698~1 __ 5077586 4052423I NCOME AFTER FIXED CHARGES __--=3~1~71~63=-1_--=5L2=83L --=-88-=5-=-2c5-=85=--1 __------------cI_-------eshy

CONTINGENT CHARGES Income applied to sinking and other reserve funds

Additions and betterments fund Sinking funds Interes t on fund ed debt 1--91~436851-~914~3gt6~85~1 ____9c143c68igt_1 __--g~143~6~8_5 _---=9--01--43685=_

fotal 1 91~43~6~851-~9~J~14~3gt6~85~1_---9~143~c6851 __--=9L143gt6=85~1__~9~143~68~5

NET INCOME AFTER FIXED CHARGES AND OTHER 8826 5221__~14J4~27 124l22-=1271_ 1 1321962108DEDUCTIONS 383_1_-17~99622~70~1__ __

DISPOSITION OF NET INCOME Miscellaneous appropriations of income Income balance transferred to Earned Surplus-Unshy

appropriated $ 8826522 $ 14427383 $ 17996270 $ 14221271 pound 13196108

italics indicate deficits

23

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 21: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

--------

--------

--------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

INVESTMENT IN ROAD AND EQUIPMENT DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPENDITURES CHARGES

Engineering $ 19205079 3 2417577 $ 583321 $ 423384 Land for transportation purposes 13925530 24078795 I 102150 2145751 Other righ t of way expenditures 16183 623683 159556 158856 Grading 107176775 41289964 1671715 82906 Tunnels and subways 3913670 60051 60051 Bridges trestles and culverts 203608944 D6593405 1829404 1658940 Elevated structures 32062 3042461 T~ 33814336 9863272 4357967 3712036 Rails 66763251 28348636 32lD877 2519899 Other track material 130144951 109154739 4373322 4008928 Ballast 50367133 27969779 3244134 3009326 Track laying and surfacing 46129176 23766318 3123481 2684991 Fences snoVshed~ and signs 1913301 1035860 34D60 1040 Station and office huildings 86982404 68605266 736583 584783 Roadway buildings 15829487 13463098 277547 277547 Water stations 26003748 1155675 1631780 1583225 Fuel stations 8542558 5072168 77865 111135 Shops and enginchouses 63363895 58483205 2868580 2004822 Storage warehouses 694233 691973 Wharves and docks 10812312 10812312 Telegraph and telephone lines 44197686 34803889 84409 31809 Signals and interlockers 107731992 100028525 2300847 2300847 Power plants 3335442 2523689 Power transmission systems 9118177 7066628 24942 24942 Miscellaneous structures 1041201 804264 Roadway machines 286D1794 229185 51 139812 Roadway small tools 2821264 2811764

PuhI ic improvements-Construction 16421145 13316891 28525 28225 Shop machinery 3072DO99 20002391 503223 37D400 Power plant machinery 21303025 13938713

Total expenditures for road 1150619693 602700015 31294339 23137179

Steam locomotives 3173252 43970409 239673 239673 Other locomotives 415435082 415435082 Freight-train cars 643762889 283724150 1948585 2331210 Passenger-train cars 5574513 8278654 Floating equipment 114110 114110 Work equipment 41313290 30057959 217665 Miscellaneous equipment 648D769 6054243

Total expendi tures for equipment 1115862005 684036481 2188258 2309202

General expenditures 2874644 2491773 50

GRAND TOTAL $ 2269357242 3 1284244723 1$ 33482507 S 20827927

Credits shown in italics

INVESTMENT IN MISCELLANEOUS PHYSICAL PROPERTY DURING YEAR

C M ST P amp P C T H amp S E

ACCOUNT GROSS NET GROSS NET

EXPENDITURES CHARGES EXPEND1TURES CHARGES

Nonoperating property $ 1383338 $ 8087804 $ 142700 $ 142700 Track material loaned 221796 319168 -

Total I) 1161542 $ 8406972 $ 142700 1$ 142700I

Credl ts shown In ltalIcs

26

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 22: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

SECURITIES OWNED DECEMBER 31 1945

NUMBER OFDESCRIPTION

SHARES

STOCKS

Affiliated companies Chicago Milwaukee amp Gary Ry Co A Chicago Terre Haute amp Southeastern Ry Co A Chicago Union Station Co A Continental Telegraph Co Cowlitz Chehalis amp Cascade Ry A DllVenfJOrt Rock Island amp North Western Ry Co A Des Moines Union Ry Co A Des Moines Union Ry Co B Excelsior Coal Co A Indiana Harbor Belt R R Co A Kansas City Terminal Ry Co C Milwaukee Land Co A Minneapolis Eastern Ry Co A Railway Express Agency Incorporated Republic Coal Co A St Paul Union Depot Co A The Milwaukee Motor Transportation Co A The Minnesota Transfer Ry Co A

Nonaffiliated companies Miscellaneous stocks

BONDS

Affiliated companies Chicago Terre Haute amp Southeastern Ry Co A Minneapolis Eastern Ry Co A

NOTES

Affiliated companies

10000 $ 4047095

7000 50

69971+ 15000

1000 1000

250 15200

183333 5000

625 26

1000 1036

500 913

Chicago Terre Haute amp Southeastern Ry Co Cowlitz Chehalis amp Cascade Ry Kansas City Terminal Ry Co Milwaukee Land Co

A

A A

Nonaffiliated companies Yellowstone Park Co

Total

PAR VALUE

100000000 $ 404709500

70000000 500000

6997103 150000000

10000000 10000000 2500000

152000000 18333333 50000000

6250000 None

10000000 10360000 5000000 9130000

860750

151500000 4900000

64039flmiddot30 1875000 6094821

265200000

1263400

1511513137 18

BOOK VALUE

100 40470950

700000 30000

13442997 175000000

10000000 2600000 5675000

152000000 18333333 50000000

1547500 260000

10000000 13047500 5000000 9130000

733700

143780000 3920000

64039230 1875000 6094821

265200000

1263400

994143531

A-Pledged under Chicago Milwaukee St Paul and Pacific Railroad Company First mortgage except Directors qvalifying shares

B-Deposited with Iowa-Des Moines National Bank amp Trust Co Des Moines Iowa under Stock Trust Agreement dated April 2 1J30 and pledged under the First mortgage

e-Deposited with First National Bank of Kansas City Mo under Stock Trust Agreement dated June 12 1909 and pledged under the First mortgage except Directors qualifying shares

27

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 23: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

------

-------

--- ------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

LONG TERM DEBT DECEMBER 31 H)45

INTEREST

TOTALDATE OFDESCRIPTION OF SECURITIES (IN HANDS ACCRUEDMATURITY OF 1 DURING PUBLIC) -lt PAYABLE THE YEARshy

~ CHARGED TO INCOME

FUNDED DEBT UNMATURED FIXED INTEREST BEARING

First mortgage Series A Jan 1 1994 S 5951510000 4 J amp J 1 8227617573

CONTINGENT INTEREST BEARING General mortgage income Series A Jan 1 2019 5674260000 4Yz April 1 255341700 General mortgage convertible income Series B Jan 1 2044 5142210000 4Yz April 1 231399450

Total mortgage bonds-Contingent interest bearing 10816470000 486741150

Total funded debt unmatured I 16767980000 714358723 __-----------

EQUIPMENT OIlLIGAlIONS

Equipment trust certificates L Mar 1 1945 4Yz March 1 213000 Equipment trust certificates M (DSept 1 1947 21700000 2Yz M amp S 1 680000 Equipment trust certificates 1 May 1 1945 2Yz May 1 10000 Equipment trust certificates O (DSept 1 1946 17100000 4 M ampS 1 1708000 Equipment trust certificates P I(DJan 1 1952 148400000 3Yz J amp J 1 5194000 Equipment trust certificates Q (DMar 1 1952 123900000 331 M amp S 1 4122624 Equipment trust certificates R (DAug 1 1952 89600000 3 FampAl 3640000 Equipment trust certificates S (DApr 1 1953 119200000 3 AampOl 4609686 Equipment trust certificates T (DApr 1 1954 115200000 3 AampOl 3552000 Equipment trust certificates U (DDec 11949 187400000 2Yz JampD1 5849167 Equipment trust certificates V (DApr 1 1951 171600000 2Ys AampOl 3978000 Equipment trust certificates IN (DN ov 1 1948 117600000 1 lIampN1 H)31450 Equipment trust certificates X (DMar 1 1954 617100000 1Ys M amp S 1 12137870 Equipment trust certificates Y (DApr ] 1955 199500000 1 AampOl 1313014 Liability for purchase of equipment under lease and conshy

ditional sale agreements LEASE

General American Transportation Corp Thirty-five hopper cars Aug 1 1955 $ 8969981 3 Monthly S 282014

CONDITIONAL SALE AGREEMENTS Assigned to Continental Illinois National Bank and

Trust Co of Chicago Illinois The Baldwin Locomotive Works

Two diesel switching locomotives Dec 1 1948 6500480 2 Monthly 149160 Assigned to The New York Trust Company

Electro-Motive Corporation Ten diesel switching locomotives Jan ] 1949 25306013 2 Monthly 578599

Assigned to Seattle-First National Bank General Motors Corporation

Five diesel freight locomotives Aug 1 1953 183451900 1 6 FMA amp N 1 ]324166 Fairbanks Morse amp Co

Six diesel switching locomotives 1ov 1 1953 35550000 ] 6 F M A amp N 1 167479 Three diesel switching locomotives Feb 1 1954 17775000 16 F M A amp N 1 30284

The Baldwin Locomotive Works Four diesel switching locomotives Nov 1 1953 23700000 16 F M A amp N 1 117447

American Locomotive Company Six diesel switching locomotives Nov 1 ]953 35550000 1 6 F YI A amp N 1 169654

Paul B Robb and Edward J Friedrich Five hundred fhlt cars Feb 1 1954 82500000 1 6 F M A amp N 1 108907

---_middot_-------------------------middot----1middot--------1-------- --------------shyTotal equipment obligations 2347603374 51864721

---------------------------- ---------1------ -------------1middot-----shyTOTAL LONG TERM DEBT 1 $19115583374 $766223444

(DThe principal of equipment trust certificates mature in annual and semi-annual installments thc final date of maturity for each issue being stated in the table above

Excll1des $1079942 interest accrued during year and charged to Investment Account Liability further cvidenced hy notes

28

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 24: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

240

DISPOSITION OF GROSS INCOME (Railway Operating Revenues Plus Net Other Income)

1928-1946 Inclusive

240

230 230

220

210

200

190

KEY

~ REMAINDER -INCOME AVAILABLE FOR FIXED CHARGES

1middotmiddot1 RENTS-EQUIPMENT AND JOINT FACILITY

1---+---+ IIIIIIIlJl TAXES -INCLUDING PAYROLL AND INCOME TAXES

~ OTHER OPERATING EXPENSES

J---+---Ishy~ FUEL AND ELECTRIC POWER ---+--+----+--+-~+_-tr______i

220

210

200

190

1---+_+ WAGES AND SALARIES -t---+--t--+---+---j180 180

170 170

160 160

150 150

140 140

ltII Ai

ltI I

0 0 0 ltII z 0 i I

~

130

120

110

100

90

130

120

110

100

90

~ r= r lt5 z VI

0

0 0 r r gt VI

80 80

70 70

60 60

50 50

40 40

30 30

20 20

10 10

o 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941middot 1942 1943 1944 1945

o

29

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 25: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

DETAILED STATEMENT OF RAILWAY OPERATING REVENUES AND EXPENSES FOR THE YEARS ENDED DECEMBER 31 1945 AND 1944

RAILWAY OPERATING REVENUES

1945 1944 INCREASE DECREASE

TRANSPORTATION

Freight $16895055803 $17144885508 $ 249829705 Passenger 3710749394 3388599831 S 322149563 Baggage 7846640 5611385 2235255 Sleeping car 89282200 84330099 4l152101 Parlor and chair cal 29987904 20275969 711935 Mail 3442374HJ 344469993 232574 ExPress 5(Jl648820 526951894 64696926 Other passenger train 258UgO82 53646806 27747724 Milk 42042723 26638053 15404670 Switching 389761597 305643459 5881862

Total transportation revenue 22126511582 22000052997 126458585

INCIDENTAL

Dining and buffet 263630960 241127148 22503812 Hotel and restaurant 12326867 10909846 1417021 Station train and boat privileges Parcel room _

4078651 8850

4522129 8360

456522 490

Storage-Freight _ _ 2434271 2754513 320242 Storage-Baggage Demurrage Telegraph and telephone

_

1304814 88778331 30252543

1205346 78923311

3249243

90468 9855020

27003300 Stockyard Power

8636260 9308790

8301099 10062642

335161

753852

Rents of buildings and other propp-rty Miscellaneous

77157791 55621343

26207954 47981529

50949837 7639814

-----shyTotal incidental operating revenue 554439471 435253120 119186351 I

JOINT FACILITY

Joint- facility-Credit 215388020 237317578 21129558 Joint facility-Debit 1645456 1654376 8920

Total joint facility operating revenue 213742564 235663202 21920638

Total railway operating revenues $22894693617 $22670969319 $ 223724298

RAILWAY OPERATING EXPENSES

1945 1944 INCREASE DECREASE

MAINTENANCE OF vVAY AND STRUCTURES

Superintendence $ 208976211 $ 202968891 $ 6007320 Roadway maintenance 520102700 631900871 S 111798171 Tunnels and subways _ _ 12979552 ]1674801 1304661 Bridges trestles and culverts 155611081 151269328 4341753 Ties _ 435711294 405422425 3028886J Rails 78919156 72095369 6823787 Other track material 145963303 128232158 17731145 Ballast _ 108825942 86024146 22801796 Track laying and surfacing _ 1034160560 1051470007 17309447 Fences snowsheds and signs 33936983 31497823 2439160 Station and office buildings 163495046 172-120813 8925767 Roadway buildings 37793877 24610126 13183751 Water stations 26182005 23873231 2308774 Fuel stations 15543464 13972288 1571176 Shops and enginehouses 108179537 97192573 10986964

30

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 26: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

RAILWAY OPERATING REVENUES AND EXPENSES-CONTINUED

RAILWAY OPERATING EXPENSES-CONTINUED

1945 1944 INCREASE DECREASE

MAINTENANCE OF WAY AND STRUCTURES

69044 bullbull I 69044~~h~~~swrdhdoouC~~middotmiddotmiddot 1$ 18989248 $ 4061643 S 14927605 Telegraph and telephone lines 48136168 32653202 15482966 Signals and interlockers 81934806 79597180 2337626 Power plants 6121890 2833339 3288551 Power-transmission systems 23067689 24480491 1412802 Miscellaneous structures 3461685 2407711 1053974 Road property-Depreciation 377932958 321657422 56275536 Retirements-Road 244784972 58658206 186126766 Deferred maintenance-Way and structures 80811800 222527300 141715500 Roadway machines 41150093 38011743 3138350 Dismantling retired road property 43872531 29397299 14475232 Road-Amortization of defense projects 163877335 26196703 137680632 Small tools and supplies 60731184 56500440 4230744 Removing snow ice and sand 60637930 43464639 17173291 Public improvements-Maintenance 40722434 38560458 2161976 Injuries to persons 24188499 15218488 8970011 Insurance 3766933 3242792 524141 Stationery and printing 3647853 3520422 127431 Other expenses 19754443 15827095 3927348 Right-of-way expenses 4393421 9121241 4727820 Maintaining joint tracks yards and other facilities-Debit 260731682 246813070 13918612 Maintaining joint tracks yards and other facilities-Credit 44329600 46i735tifi 2243958

1------------shyTotal maintenance of way and structures 4493143065 3887816710 605326355

MAINTENANCE OF EQUIPMENT

Superintendence Shop machinery Power-plant machinery Shop and power-plant IDAchinery-Depreciation Dismantling retired shop and power-plant machinery Steam locomotives-Repairs Other locomotives-Repairs Freight-train ~ars-Repairs Passenger-tram cars-Repairs Floating equipment-Repairs Work equipment-Repairs Miscellaneous equipment-Repairs Dismantling retired equipment Retirements-Equipment Equipment-Depreciation Equipment-Amortization of defense projects I njuries to persons

109651857 89638920 16331000 25144719

770199 1041792497 171556875 893367945 3D1186050

4720222 75306113 10381991 4427671 627750

639468785 1624513584

16150499

102203703 81956313 13706131 24553325

327696 1088615019 138633501 829172908 335443875

2861518 69374839 7093135 2536372

634940640 205758582

11112376

7448154 7682607 2534869 591394 442503

32923374 64195037 55742175 1858704 5931274 3288856 1891299 627750

4528145 1418755002

5047123

46822522

InsuraDee 5508336 5592470 84134 Stationery and printing Other expenses

3219619

11769952 2992970 6071729

226649 5698223

Joint maintenance of equipment expenses-Debit Joint maintenance of equipment expenses-Credit

27337250 2311613

25917437 2407060

1419813 95447

Deferred maintenance-Equipment 56377700 83657100 27279400 -------1--middot_middot------ -------------shy

Total maintenance of equipment 5102936021 3502890179 1600045642

TRAFFIC

Superintendence 96641336 92442694 4198642 Outside agencies 175178897 186919912 11741015 Advertising 53690759 47249152 6441607 Traffic associations 12730400 10191878 2538522 Industrial and immigration bureaus 8752490 7010750 1741740 Insurance 40889 33428 7461 Stationery and printing 12240314 13211911 971597 Other expenses 12600 23200 10600

Total traffic ePenses $ 359287685 S 357082925 $ 2204760

31

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 27: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

RAILWAY OPERATING REVENUES AND EXPENSES-CONCLUDED

RAILWAY OPERATING EXPENSES-CONCLUDED

I 1945

TRANSPORTATION Superintendence $ 186157502 Dispatching trains 87505890 Station employees 1167164449 Weighing inspection and demurrage bureaus 20891748 Station supplies and expenses 70028870 Yardmasters and yard clerks 1994R9009 Yard conductors and brakemen 556817569 Yard switch and signal tenders 39129703 Yard enginemen 272675244 Yard motormen 111830654 Yard switching fuel 145319418 Yard switching power purchased 983897 Water for yard locomotives 16856045 Lubricants for yard locomotives 5987202 Other supplies for yard locomotives 5450315 Enginehouse expenses-yard 127352568 Yard supplies and expenses 110 35681 Operating joint yards and terminals-Debit 280345751 Ope-ating)oint yards and terminals-Credit 27061485 Tra~n engmemen 719774365 Tram motormen 153852795 Train fuel 963856440 Train power purchased 1 48060994 Water for train locomotives 72903196 Lubricants for train locomotives 392 14016 Other supplies for train locomotives 174 11396 Enginehouse expenses-Train 253002512 Tra~nmen 989276824 Tram supplies lnd expenses 522342008 Operatmg sleepmg cars 39446065 Slgna~ and mterlcker operatIOn 49325933 Crossmg protectIOn 56213733 Drawbridge operation 9817890 Telegr~ph and ~elepho~e operatIOn 59705693 Operatmg fioatm~ eqUIpment 15843475 StatIOnery and prmtmg 31375541 Other expenses 776 67777 Operating joint tracks and facilities-Debit 803 23973 Operating joint tracks and facilities-Credit 39508354 Insur~nce 8862070 ClearIng wrecks 15407509 Damage to property 126 62887 Damage to live stock ~n right-of-way 10140527 Loss and damage-FreIght 213147997 Loss ~nd damage-Baggage 1427631

InjUrIes to persons 76U31408

Total transportation expenses 7876447231

MISCELLANEOUS OPERATIONS

Dining and buffet service 265418193 Hotels and restaurants 342014 Stockyards 84U7124 Producing power sold 5945123

1-------shyTotal miscellaneous operations 280202454

GENERAL Salaries and expenses of general officers 42699400 Salaries and expenses of clerks and attendants 416829755 General office supplies and expenses 25027674 Law expenses 34605933 Insurance 265144 Pensions 6468514 Stationery and printing 16451068 Valuation expenses 2907671 Other expenses 15690010 General joint facilities-Debit 13407436 General joint facilities-Credit 427337

Total general expenses 573U25268

Grand total railway operating expenses 1$18685941724

1944 ~REASE DECREASE

8 175228750 $ 10928752 84370025 3135865

1089487612 77676837 21180280 $ 288532 61038059 8990811

190492103 8996906 532023548 24794021

37110155 2019548 266786640 5888604

99607697 12222957 136964056 8355362

1205761 _ 221864 15305746 1551199 63Hl822 332620 4815630 634685

128609822 1257254 9824438 1211243

282406517 2060796 29488131 2426646

720815941 1041576 123066638 30786157 927454797 36401643 160668041 I 12607047

70798201 2104995 35648962 3565054 15461809 1949587

249493102 3509410 976448686 12828138 474639999 47702009

38373905 1072160 45557257 3768676 55169612 1044121

9089711 728179 52625111 7080582 16612257 768782 28803814 2571727 76274876 1392901 80025752 298221 39R87568 379214 8150814 702256

13125265 2282244 9744981 2917906

10904961 764434 119853734 93204263

1699326 271695 91387337 14455929

7485304881 391142350

251238428 14179765 264714 77300

6994640 1502484 5823615 121508

264321397 15881057

41651635 1047765 412642959 4186796

20724370 4303304 31177530 3428403

251098 14046 5088109 1380405

15572878 878190 3186081 278410

17687391 1997381 13733297 325861

580984 153647

561134364 -12790904

816058550656 $ 2627391068

32

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 28: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

----

1945

ANNUAL REPORT FOR 1945 -____--------------------------------------shy

NET RAILWAY OPERATING INCOME ITEiVIS-1945 1944 AND 1929 SHOWING PERCENTAGES OF RAILWAY OPERATING REVENUES

ITEMS

RAILWAY OPERATING REVENUES Frright Passenger Mail Express Switching All other transportation Incidental Joint facility-Net Cr

Total

RAILWAY OPERATING EXPENSES Maintenance of way and structllles Maintenance of equipment Trl1ffic expenses Transportation expenses 11 iscellancolls operations General expenses Transportation for investment-Cr

TotaL

NET REVENUE FROM RAILWAY OPERATIONS

RAILWAY TAX ACCRUALS Federal income and excess profi ts Property payroll and other

Total UJoCOLLECTIIlLE RAILWAY REVENUES EQUIPMENT RENTS-NET DR JOINT FAClIITY RENTs-NET DR NET RAILWAY OPERATING INCOME

RAILWAY OPERATING REVENUES

Jill1Uary $ 1932582618 February 1753496287 March 1873363283 April 1854396963

May 1946567148 June 2160099968 July 1999858508 August 2027956610

September 1845640090 October 2005567544 November 1839473373 December 1655691185

Total $22894693617

1945 1944

PERCENT AMOUNT RYOPll AMOUNT

REVS

S 168950558 7380 $ 171448855 37107494 1621 33885998 3442374 150 3444700

5916488 259 5269519 3897615 170 3956435

1950586 85 1995023 5544395 242 4il52531

2137426 1-------------- I

93 2356632

228946936

44931431 51029360 3592877

78764472 2802024 5739253

186859417

I

42087519

991000 1305ll000

I ~------------I----I-------------I

12067000 527 29173000

11l6152 49 440065 I 2322037 101 3801603

RAILWAY FROMOPERATING RAILWAYEXPENSES OPERATIONS

$1326609602 $ 605973016 1249214971 504281316 1366733218 506630065 1429565782 424831181

1479058694 467508454 1570558051 589541917 1570550986 429307522 1534717348 493239302

1781245725 64394365 1821524418 184043126 1763797228 75676145 1792365701 136674516

$18685941724 $4208751893

10000 2267096931----1middot---------shy

1963 38878167 2229 35028904

157 3570829 3440 74853049

122 2643214 251 5611343

----1-------1 8162 160585506

I -------1----------1 1838 66124187

43 15952000 570 13221000

1929

PERCENT PERCENT RYOPR

REvs

7562 1495

152 232 175

88 192 104

1---shy

1--------------middot1--------------shy$=---2---6--5-8-=-2---3=-30=- 1161 S 32709519 1443 $ 26274323

NET REVENUE

10000

1715 1145 157

3302 117 247

7083

2917

704 583

1287

19 168

BY MONTHS FOR THE YEAR ENDED DECEMBER 31 1945

AMOUNT

$ 137176431 1675il207 3845985 4573529 il732424 2295273 2377511

606fl35

171361~8) 1-------------1

27885867 31136446

3R63536 60471448

1346620 464700(

550059

128800861

42560524

9648912

fl6489J2 12589

3995309 2629391

Includes for depreciation amortization and retireshyment charges-Road S

Incllldes for deprrciiltion amortization and retireshyment charges-Equipment $

7865953

22884993

344

1000

$

$

4065123

8652526

179

382

$

S

1426685

6486835

RAILWAY OPERATING REVENUES EXPENSES TAXES AND INCOME

Ry Om REVS

8001 978 224 267 218 134 139

35

10000

]627 1817 226

3529 78

271 32

7516

2484

563

563 Ol

233 154

1533

83

379

RAILIYA Y RAILWAY TAX OPEHATING

ACCRUALS INCOME

$325500000 $ 280473016 249600000 254681316 257500000 249130065 186200000 238631181

214100000 253408454 315300000 274241917 156300000 273007522 207100000 286139302

188800000 253194365 77800000 261843126

160700000 236376145 277600000 140925484

$1206700000 $3002051893

JOINlEQUIPMENT NET RAILWAYFACILITYRENTS-NEl OPERATINGRENTS-NETDu INCOMEDR

$ 8984141 $ 17635326 S 253853549 16072936 21502702 249251550 21813772 21578440 249365397 12274779 19501142 231404818

401937 17678759 235327758 4975327 19977234 249289356

16541687 18116359 238349476 23050560 17341403 245747339

37212521 18247734 197734110 21261906 15917641 224663579 20592382 23306879 192476884 28756207 21400066 90769211

$111615181 $232203685 $2658233027

33

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 29: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

FREIGHT TRAFFIC

190 190 180 180 170 170

160 160

~150 150

140 REVENUE TON MILES-HUNDREDS OF MILLIONS 140 130 130

~ ~120 120 110 - 110

I I100 100 90 - - 90 ~ 80 80 70

~

70 60 60 170 170 160

- 160

150 150 140 140

~

130 FREIGHT REVENUE MILLIONS OF DOLLARS 130 ~ 120

110 100 90 80

shy ~ JIll

-shy~ 120

110 100 90 80

70 70 12 12 11 MILLS PER TON MILE 11 10 10 9 8

I I I 9

8 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

PASSENGER TRAFFIC

25 25

20 20

~ 1515

I

REVENUE PASSENGER MILES-HUNDREDS OF MILLIONS 1010

5 - - 5 ~ -

40 40

shy~ 30

30

PASSENGER REVENUE-MILLIONS OF DOLLARS 20 20

r~ - 1010 ~

33

CENTS PER PASSENGER MILE---r--- 2 ~ - 2

-1

1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945

34

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 30: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

REVENUE FREIGHT TRAFFIC STATISTICS-EXCLUDING TRUCK SERVICE-TEN YEARS Ig36-1945

FREIGHT REVENUE AVERAGE

YEAR TONS CARRIED

TON MILES HAULshy

MILES TOTAL PER TON

PER TON MILE

(CENTS)

1936 36233222 9689405998 26742 $ 91560382 $ 253 945 1937 35392439 9691026608 27382 88580700 ~50 914 1938 30934327 8479448397 27411 82220776 266 970 1939 33841422 9234307122 27287 88623648 262 960 1940 35320967 10097196568 28587 95115270 269 942

1941 middot 1942

42907270 48718373 i

12804595331 15908488274

2g842 32654

117247949 146598183

273 301

916

922 1943 - 53824310 1820g707441 338 32 173866487 323 955 1944 53744554 18323916893 34094 171262207 319 935 1945 52326187 18182059634 34748 168770268 323 928

REVENUE PASSENGER STATISTICS-EXCLUDING BUS SERVICE-TEN YEARS 1936-1945

PASSENGER REVENUE AVERAGE

YEAR PASSENGERS PASSENGER DISTANCE PER CARRIED MILES TRAVELEIgt PER PASSENGERTOTAL-MILES PASSENGER MILE

(CENTS)

OTHER THAN COMMUTATION

1936 2571157 405470074 15770 $ 7236300 $ 281 1785 1937 2724890 447224211 16413 7996878 293 1 788 1938 2414120 398409465 16503 7493412 310 1881 1939 middot 2419949 406766397 16809 7562557 313 1859 1940 2521805 429870167 17046 7735173 307 1799I 1941 2854905 515785044 18067 9226806 323 1789 1942 4587449 919502420 20044 17221694 375 1873 1943 6765399 1702392425 25163 30390960 449 1785 1944 middot 7392345 1876782311 25388 33186313 449 1768 1945 7599295 2093962765 27555 36359300 478 1736

shy

COMMUTATION

1936 1695549 30274718 1786 266340 16 880 1937 1803136 33300871 1847 293237 16 881 1938 1835672 35504859 1934 309708 17 I 872 1939 - 1992809 38670537 1941 386233 17 I 869 1940 2172714 42743602 1967 370206 17 866

1941 2455023 48727616 1985 419878 17 862 1942 3049365 62902363 2063 544191 18 865 1943 3368241 694077115 2061 613078 18 883 1944 3677257 76252098 2074 688784 19 903 1945 3744015 77889920 2080 741919 20 953

TOTAl

1$1936 4266706 435744792 10213 $ 7502640 176 1722 1937 4528026 480525082 10612 8290115 183 1725 1938 middot 4249792 433914324 10210 7803120 184 1798 1939 4412758 445436934 10094 7898790 1 79 1773 1940 4694519 472613769 10067 8105379 1 73 1715

1941 5309928 564512660 10631 9646684 182 1709 1942 7636814 982404783 12864 17765885 233 1808 1943 10133640 1771800190 17484 31004038 306 1750 1944 11069602 1953034409 17643 33875097 306 1734 1945 11343310 2171852685 19147 37101219 327 1708

I

35

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 31: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941

ITEMS __H145__1 1944 1943 1942 1941

PASSENGFR-TRAIN SERVICE

Average mileage of road operated in passenger service 697482 697552 697835 707869 712110

TRAIN-MILES With locomotives-Ordinary 13487317 Without locomotives-Motor cars 714158

-----shyTotal 14201475

12802754 872795

13675549

11964434 885828

12850262 I

10659298 864975

11524273

10313847 892060

11205907

Train-hours 387838 ----shy

370010 349504 307645 297215

LOCOMOTIVE-MILES Principal Helper Light Train switching Yard swi tching

Total

middot 13487317 331355 393264

middot - 666 670188

14882790 ----shy

12802754 309027 329988

60 627590

14069419

11964434 479160 323006

522 580014

13347136

10659298 298912 258203

468 512578

11729459 I

10313847 196089 195763

2184 494688

11202571

CAR-MILES Passenger coaches Sleeping and parlor cars Club lounge dining and observation cars Business cars I Mail express and baggage cars and combination

cars other than passcnger Combination passenger cars (mail express or bagshy

gage with passenger)

37272692 42444530

6734484 147114

36410394

2014622

35322255 35476854 6996649

126789

32001853

2024387

32642079 32540458

6404935 102502

27900203

1881815

24343188 25509584

6Q)O048 90173

25165820

1715280

20727084 21786214 7113289

115742

24687011

1645908

Tota) passenger-train cars 125023836 ----shy

111948787 101561992 83313093 76075338

Freight-train cars in passenger trains 911181 1229848 1701015 1531665 670937

Total a)) cars 125935017 ----shy

113178635 103263007 84846758 76746275

Gross ton-miles (thousands) passenger trains including locomotives and tenders 12554012 11296206 10389554 8616190 7884113

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1071939 1071920 1075308 1081312 1083805

TRAIN-MILES WITH LOCOMOTIVES Ordinary Light

17871781

_ 156874 ----shy

18356916 151112

18886346 134861

17844594 111646

16852194 84207

Total 18028655 18508028 19021207 17956240 16936401

Train-hours 1142706 ----shy

1165343 1223332 1119644 1033654

LOCOMOTIVE-MILES Principal Helper middot Light Train swi tching Yard smiddotitching

18051439 1172240 1013784 1588883 8867446

18532331 1186105

928408 1626014 8629332

19041876 1204320

917116 1639759 8496751

17982688 887334 804331

1652213 7999634

16956336 695196 671255

1629294 7621269

Total 30693801 30902190 31299822 29326200 27573350

(Concluded on page 38)

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 32: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936

ITEMS 1940 1939 1938 1937 1936 --------------middot---middot-------1------1-middot------- ------- -------------shy

PASSENGER-TRAIN SERVICE

Average mileage of road operated in passenger scrviee 711558 716994 711365 698002 704335 1------1------1------1------1----shy

TRAIN-iIJILES

With locomotives-Ordinary Without locomotives-Motor cars

10094743 910999

10024407 927959

10038604 988905

10051657 997567

10117550 975394

Total 11005742 10952366 11049224 11092944

Train-hours 298356 299097 308250 314383

LOCOMOTIVE-MILES

Principal 10094743 10024407 10038604 10051657 10117550 Helper 141609 130349 146982 231620 227503 Light 157375 158428 162968 164457 148430 Train switching 2364 186 138 36 540 Yard switching 492822 482310 463146 474480 459750

1-----1----shyTotal 10888913 10795680 10811838 10922250 10953773

-1------1middot----shy

CAR-MILES

Passenger coaches 19311698 18500844 18087276 18478885 17818452 Sleeping and parlor cars 19997255 20383837 20448324 20951970 20212171 Club lounge dining and observation cars 6306396 6358318 6381891 6547559 6322149 Business cars 114560 106161 95732 105631 100011 Mail express and baggage cars and combination

cars 0 ther than passenger 24751910 24616140 24682951 24635826 23935818 Combination passenger cars (mail express or bagshy

gage wi th passenger) 1734934 1784609 1742678 1569333 1626426

Total passenger-train cars 72216753 71749909 71438852 72289204 70015027

Freight-train cars in passenger trains 818517 580244 501240 479178 838326

Total all cars 73035270 72330153 71940092 72768382 70853353

Gross ton-miles (thousands) passenger trains including locomotives and tenders 7467031 7473357 7473959 7467533 7342636

FREIGHT-TRAIN SERVICE

Average mileage of road operated in freight service 1086633 1091240 1094556 1108847 1111722

TRAIN-MILES WITH LOCOMOTIVES

Ordinary 14723437 14546280 14041371 16199230 16581490 Light 73593 71187 79651 80968 91478

1-----1-----1-----1------1----shyTotal 14797030 14617467 14121022 16280198 16672968

Train-hours 899765 893722 864449 1022242 1071598

LOCOMOTIVE-MILES

Principal 14814415 14634359 14136883 16293142 16683662 Helper 604907 478138 455034 1123098 1206469 Light 602262 536867 524403 753460 819165 Train swi tching 1481351 1515946 1507407 1666812 1772527 Yard switching 6648177 6320314 6100648 7038707 7116759

1-----1-----1-----1-----1----shyTotal 24151112 23485624 22724375 26875219 27598582

(Concluded on page 39)

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 33: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1945-1941-CONCLUDED

ITEMS 1945 1944 1943 1942 1941 ------shy------shy

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freight cars 628339279 634432127 610642234 563994742 526776845 Empty freight cars 302202813 283738093 294075268 309314166 306917054 Cabooses 17692451 18309701 18800936 17636198 16602937

Total freight cars 948234543 936479921 923518438 890945106 850296836

Passenger-train cars in freigh t trains middot 3980935 3292227 4591075 6015279 5390615

To tal all cars 952215478 939772148 928109513 896960385 855687451

GROSS TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 5444289 5363134 5379531 5010431 4660334

----shyTRAILING

Freight-train cars contents and cabooses 41973780 42037179 41498929 38147796 34101425 Passenger-train cars and contents 223633 185123 263441 388067 329504

Total trailing 42197413 42222302 41762370 38535863 34430929

Total locomotives tenders and trailing cars 47641702 47585436 47141901 43546294 39091263 ----shy-shy

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 52326187 53744554 53824310 48718373 42907270 Nonrevenue 5543526 6147779 6319452 5306315 5423509

Total middot 57869713 59892333 60143762 54024688 I 48330779

TON-)IILES (THOUSANDS) Revenue freight in road service 18159721 18303754 18188790 15883931 12778408 Revenue freight in water transfer service - 22338 20162 20917 24557 26187

Total middot 18182059 18323916 18209707 15908488 12804595

Nonrevenue freight in road service 1806800 2032933 1909307 1712672 1732702 Nonrevenue freight in water transfer service - 544 314 280 673 1623

Total 1807344 2033247 1909677 1713345 1734325

Total revenue and nonrevenue ton-miles 19989404 20357163 20119384 17621833 14538920

WORK-TRAIN SERVICE

Train-miles shy 1141331 1292864 1014427 834938 697472

Locomoti ve-miles 1616921 1761128 1490826 1322740 1178719

Car-miles 11460407 12738995 8849063 7958407 7909132

38

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 34: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AGGREGATES 1940-1936-CONCLUDED

ITEMS 1940 I------1 1939 1938 1937 1936

FREIGHT-TRAIN SERVICE-CONCLUDED

CAR-MILES Loaded freigh tears 436986309 410720188 377330888 437162686 443109307 Empty freight cars o bull bull bull bull bull bull 272939359 256205639 24178246rJ 265588588 276792502 Cabooses - 14619838 14222160 13511287 15516843 16139481

Total freight cars o bull bull bull bull bull bull bull bull bull 724545506 681147987 632624644 718268117 736041290

Passenger-tain cars in freight trains 4706740 4608381 4573092 5186029 5577409

Total all cars 729252246 685756368 637197736 723454146 741618699

Gnoss TON-MILES (THOUSANDS) FREIGHT TRAINS Locomotives and tenders 4039405 3858435 3679141 3877368 3940757

----shyTRAILING

Freigh t-train cars contents and cabooses 28160255 26325863 24209979 27576810 27927551 Passenger-train cars and contents 285636 279890 281395 307936 319362

Total trailing 28445891 26605753 24491374 27884746 28246913

Total locomotives tenders and trailing cars 32485296 30464188 28170515 31762114 32187670

FREIGHT TRAFFIC

TONS OF FREIGHT CARRIED Revenue 35320967 33841422 30934327 3~392439 36233222 Nonrevenue 4629323 4556700 3914675 4910724 4831210

Total 39950290 38398122 34849002 40303163 41064432

TON-MILES (THOUSANDS) Revenue freight in road service 10082050 9224104 84685SrJ 9676985 9677384 Revenue freight in water transfer service 15146 10203 10859 14042 12022

Total 1O097UJ6 9234307 8479448 9691027 9689406

Nonrevenue freigh t in road servi ce 1468357 1488232 1271223 1586206 1615909 Nonrevenue freight in water transfer service 704 965 720 931 797

Total 1469061 1489197 1271943 1587137 1616706

Total revenue and nonrevenue ton-miles 11566257 10723504 9751391 11278164 11306112

WORK-TRAIN SERVICE

Train-miles 541650 667617 499569 748042 856368

Locomotive-miles 989886 1062482 870688 1174661 1284390

Car-miles 5758649 8034151 4741553 7935272 10620716

39

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 35: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1945-1941

ITEirS 1945 1944 1943 1942 1941

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines) Freight-train miles Freight-train car-miles

1682

88831 1727

87672 1769

86311 1661

82951 1563

78952 Freight revenue S 15744 $ 15977 $ 16169 $ 13557 $ 10818

PASSENGER (per mile of passenger operated lines) Passenger-train miles 2036 1961 1841 1628 1574 Passenger-train car-miles Passenger service train revenue

S

18056 6923

16225 6374 $

14798 5776 $

11986 3524 $

10777 2157

FREIGHT AND PASSENGER (per mile of aHlines operated) Transportation service train-miles 3005 3000 2962 2724 2595 Work-train miles 106 121 94 77 64 Operating revenues Operating expenses

S S

21317 17354

$ $

21107 14902

$ $

20840 13476

$ $

16625 10708

$ $

12868 0007

Net operating revenues $ 3963 $ 6205 $ 7364 $ 5917 $ 3861 Net railway operating income ) 2519 8 3092 $ 4753 $ 3201 $ 2599 Ton-miles-Revenue freight-Road service 1692867 1706324 1690268 1467890 1178183 Ton-miles-All freight-Road service 1861298 1895839 1867707 1626164 1337940 Revenue passenger-miles 202462 182067 164652 90787 52049

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight

3485 1676 5161

100851

3428 1533 4961

99005

3210 1546 4756

95734

3141 1723 4864

88596

3110 1812 4922

75604 Ton-miles-AI freight 110876 109991 105773 98138 85844 Freight gross

tenders ton-miles excluding

locomotives and

232817 227129 218172 212449 201350 Locomoti ve-miles 112 112 111 110 108 Freight revenue $ 936 925 $ 914 $ 816 $ 692

PASSENGER Passenger-train car-miles Revenue passenger-miles Passenger service train revenue Locomotive-miles

$

887 15293

340 105

$

828 14281

325 105

$

804 13788

314 107

$

736 8525

216 105

685 5038

$ 137 104

FREIGHT AND PASSENGER Operating revenues Operating expenses Net operating revenues

$ $ $

710 578 132

$ $ $

704 497 207

$ $ $

704 455 249

$ $ $

610 393 217

$ $ $

496 347 149

AVERAGES-MISCELLANEOUS

PER FREIGHT TRAIN-HOUR Freighttrain-miles Net ton-miles revenue and nonrevenue in freight trains Gross ton-miles trailing in freight trains

158

17473 36928

159 17449 36232

155 16424 34138

160 15716 34418

164 14046 33310

PER LoADED FREIGHT CAR-MILE Ton-miles al freight (revenue and nonrevenue) Freight revenue

$

3178 26831 $

3204 26951 $

3287 28408 S

3118 25939 $

2757 22232

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 460 459 466 432 381

PERCENT FREIGHT CARS UNSERVICEABLE Owned cars on line of total ownership Owned and foreign cars on line of total cars on line

18 20

15 17

13 15

12 13

17 16

Percent empty of loaded freight car-miles 4806 4467 4808 5478 5820 Percent revenue ton-miles of gross ton-miles excluding locoshy

motives and tenders 4332 4359 4388 4170 3755 Milesper nonrevenue ton 32603 33073 30219 32289 31978 lVlilesper revenue and nonrevenue ton 34542 33990 33452 32618 30082

POUNDS OF COAL CONSUMED (other fuels equated to coal) Peri1000 gross ton-miles of freight trains (including locoshy

motives) 120 120 122 116 115 Per passenger-train car-mile 162 167 173 174 172 Per yard sitching locomotive-hour 743 737 763 729 742

40

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 36: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

TRANSPORTATION STATISTICS-RAIL LINE-AVERAGES 1940-1936

ITEMS I 1940 1939 1938 1937 I 1936 -------------------------i------I-----I-------- -----------shy

AVERAGES PER MILE OF ROAD

FREIGHT (per mile of freight operated lines)

__middot_-----------1-----1------1-----shy

Freight-train miles __ _ _ _ 1362 1340 1290 1468 1500 Freight-train car-miles 67111 62842 58215 65244 66709 Freight revenue $ 8753 $ 8121 $ 7512 $ 7989 $ 8236

PASSENGER (per mile of passenger operated lines) Passenger-train miles Passenger-train car-miles Passenger service train revenue

10264

$ 1892

1547

$ 1829

1528 10088

$

1550 10113

1801 $ 1934

1583 10425

$ 1841

1575 10060

FREIGHT AND PASSENGER (per mile of all lines operated) Transportation service train-miles Work-train miles

2373 50

2342 61

2296 46

2463 67

2496 77

Operating expenses $ 8010 Net operating revenues S 2502 Net railway operating income $ 1274

Operating revenues $ 10512 $ 9781 $ 7825 $ 1956 $ 744

$ 9072 $ 7359 $ 1713 $ 482

$ 9695 $ 7846 $ 1849 $ 792

$ 9790 $ 7657 $ 2133 $ 836

Ton-miles-Revenue freight-Road service 927158 844682 773135 872053 869834 Ton-miles-All freight-Road service Revenue passenger-miles

1062190

43462 980964

40790 889191 39614

1014996 43303

1015077 39166

AVERAGES PER TRAIN-MILE FREIGHT

Loaded freight car-miles _ 2953 2810 2672 2685 2658 Empty freight car-miles

Total freight car-miles Ton-miles-Revenue freight Ton-miles-All freight

_ 1845 4798

68238 78166

1753 4563

631 73 73361

1712 4384

60048 69056

1631 4316

59526 69275

1660 4318

58114 67811

Freight gross tenders

ton-miles excluding

locomotives and 190310 180099 171446 169389 167502

Locomotive-miles 108 107 107 112 112 Freight revenue $ 643 $ 606 $ 582 $ 544 $ 549

PASSENGER Passenger-train car-miles 664 660 652 659 639 Revenue passenger-miles 4294 4067 3935 4349 3928 Passenger service train revenue $ 122 $ 120 $ 116 $ 122 $ 117 Locomotive-miles 103 103 103 104 104

FREIGHT AND PASSENGER Operating revenues Operating expenses

$ 443 $ 338

$ 418 $ 334

$ 395 $ 320

$ 394 $ 319

$ 392 $ 307

Net operating revenues $ 105 $ 84 $ 75 $ 75 $ 85 ------------- middot ----------shy

AVERAGES-MISCELLANEOUS

PER FIlEIGHT TRAIN-HOUR Freight train-miles 164 164 163 159 156 Net ton-miles revenue and nonrevenue in freight trains 12831 11978 11265 11027 10542 Gross ton-miles trailing in freight trains 31615 29770 28332 27278 26360

PER LoADED FREIGHT CAR-MILE Ton-miles all freight (revenue and nonrevenue) 2642 2608 2581 2577 2547 Freight revenue $ 21728 $ 21550 $ 21765 $ 20243 $ 20630

PER FREIGHT CAR-DAY Car-miles loaded and empty in freight trains 316 298 270 306 302

PERCENT FREIGHT CARS UNSEIlVICEABLE Owned cars on line of total ownership 29 28 30 28 31 Owned and foreign cars on line of total cars on line 28 26 28 26 29

Percent empty of loaded freight car-miles _ _ 6235 6230 6401 6070 6239 Percent revenue ton-miles of gross ton-miles excluding locoshy

moti ves and tenders 3586 3508 3502 3514 3469 Miles per nonrevenue ton 31734 32681 32492 32320 33464 Miles per revenue and nonrevenue ton 28952 27927 27982 27983 27533

POUNDS OF COAL CONSUMED (other fuels equated to coal) Per 1000 gross ton-miles of freight trains (including locoshy

motives) 118 118 118 125 127 Per passenger-train car-mile 170 166 163 163 171 Per yard switching locomotive-hour 770 782 780 785 768

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 37: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REVENUE FREIGHT BY PRINCIPAL COMMODITIES-1945 AND 1944

INCREASE + OR1945 1944 DECREASE shyCOMMODITIES

Tos PERCET TONS PERCENT CAHRIEI) OF TOTAL CARRIED OF TOTAL TONS IPERCENT

PRODUCTS OF AGRICULTURE Wheat 2644162 51 2959737 55 - 315575 - 107 Corn 1985463 38 1262551 24 + 722912 + 573 Barley and rye 1152721 22 1128518 21 + 24203 + 21 Other grain 859595 16 599185 11 + 260410 + 435 Flour meal and mill products 2090147 40 1967380 37 + 122767 + 624 Citrus fruits 159156 3 147767 3 + 11389 + 77 Otber fresh fruits 153333 3 125568 2 + 27765 + 221 Potatoes other than sweet 233634 4 261097 5 27463 - 105 Other fresh vegetables 137616 3 122309 2 + 15307 + 125

187434 4 113225 2 + 74209 + 655~~~~~ ~~~~S~~t~ ~r ~gic~lt~~~ 1432723 27 1394985 26 + 37738 + 27 1-----1---middotshy

Total 11035984 211 10082322 188 + 953662 + 95

ANIMALS AND PRODUCTS Cattle crrlves sheep and goats 672048 13 543658 10 128390 + 236+Hogs 343099 7 439391 8 96292 - 219 Fresh mcats 571107 11 676740 13 - 105633 - 156 Poultry eggs butter and cheese 327508 6 306546 6 20962 + 68+Wool hides and lcather 220692 4 189087 4 31605 + 167+Other animals and products 287456 5 459207 8 - 171751 - 374

1-----1----1 Total 2421910 46 2614629 49 - ]92719 - 74

PRODUCTS OF MINES Bituminous coal 10748652 205 11541678 21 5 - 793026 - 69 Coke 482702 9 478308 9 + 4394 + 9 Ores and concentrates 192011 4 191194 3 817 + 4+Gravel and sand 1523725 29 1470406 27 53310 + 36+Stone broken ground or crusbed 410902 8 406971 8 + 3931 + 10 Stone rough and finished 76339 2 53002 1 23337 + 440+Asphalt 131209 3 135150 3 3941 - 29 Salt 175948 3 165692 3 + 10256 + 62 Other products of mines 702724 13 814604 15 - 111880 - 137

-~~=-=--I--------I----=-=--=-ITotal 14444212 276 15257005 284 - 812793 - 53

1-----------1 PRODUCTS OF FORESTS

Logs posts poles and cordwood 2511069 48 3344311 62 - 833242 - 249 Pulpwood 566197 11 542449 10 + 23748 + 44 Lumber and mill products 2174922 42 2498877 46 - 323955 - 130 Veneer and built-up wood 156080 3 187232 4 - 31152 - 166 Other produets of forests _----2-8-1-3-5deg-

1_-_5--1 _ -=-05=--7 1_-----7---1_-----94-7deg-7_

1_-2--5-2--shy376

Total 1__5_68_96_1_8_ __1_0_9_ 6=--9_48_92_6 1_2_9_ _-----1_25_93_0_8_ _-__18__1_1 1 1

MANUFACTURES AND MISCELLANEOUS Refined petroleum and products 1863459 36 1276392 24 + 587067 + 460 Sugar tahle sirups and Dlolasses 266648 5 262869 5 + 3779 + 1 4

~~~~~~~~~lh~11~~s - - 2~~~~g~ ~ 3~~iJ~~ ~ I - ~~~~I -~ r Brick building tile and artificial stone 158205 3 167569 3 - 9364 - 56

~~mi~~~~r~lai~~~middot~~~tstr~~t~rs~~d p~~t~ ~~~~~ ~g~~~~ ~ = Jg6~ =Ii ~ r k dt 206207 4 194338 3 + 11 869 + 6 1

Autos true S parts an Ires 1099858 21 1066486 20 + 33372 + 31 Beverages 119856 2 152497 3 - 32641 - 21 4 Ice 320229 6 271019 5 + 49210 + 182

~~~~~i~~dpmiddotp~p~~~l~~tsmiddotmiddotmiddot 654563 13 591095 11 + 63468 + 107 Canned food products 1101159 21 967843 18 + 133316 + 138 Scrap iron and scrap steel 527649 1 deg 471641 9 + 56008 + 119 Building paper roofing nnd woodwork 165742 3 165868 3 - 126 - 1

7Other manufactures and miscellaneous 1____22_6_3_7_6_ 1_3_8_11__7_6_deg_9_2_5_1_1 14__1_1_-__38_2_8_7_5_1 0__0_1

Total 1__178_5_96_9_7_1 __3_4_1-1 18031953 335 - 172256 - 10

GHAND TOTAl CARLO-D TRAFFIC 51451421 983 52934835 985 -1483414 - 28 ALL L C L FREIGHT 1 87_47_6_6-1 1__7_1 80_9---7_1_9_1 1_5_ + 65047 + 80

GHAND TOTAL CARLOAD AND L C L TRAFF1c 52326187 1000 53744554 1000 - 1418367 I - 26

42

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 38: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

-------- -------

ANNUAL REPORT FOR 1945

NUMBER OF EMPLOYEES AND COMPENSATION 1928-1945 INCLUSIVE

REGULAR EMPLOYEES TOTAL COMPENSATION ALL EMPLOYEES PART TIME EMPLOYEES

COMPENSATION CHARGED To AVERAGE COMPENSATION AVERAGE (NOT

YEAR No OF COMPENSATION SUBJECT TO EMPLOYEES PER CONTINUING TOTAL OPERATING ADDITIONS

(MIDDLE EMPLOYEE AUTHORITY COMPENSATION EXPENSES AND OF MONTH OF BETTERMENTS

COUNT) RAILROAD) AND OTHER ACCOUNTS

1928 48129 $ 81744769 $ 1698 $ 135855 $ 81880624 $ 75548543 $ 6332081 1929 47995 83540420 1741 137631 83678051 76795279 6882772 1930 42326 71198791 1682 149072 71347863 65531534 5816329

bullbull 01931 34569 56871675 1645 150722 57022397 52891878 4130519 1932 28827 43014585 1492 135511 43150096 40271832 2878264

1933 middotmiddot0 26493 39042823 1474 129469 39172292 36740362 2431930 1934 - 28065 42385752 1510 130799 42516551 39186108 3330443 1935 30109 48398365 1607 139536 48537901 44788277 3749624 1936 32178 54061839 1680 148763 54210602 49472441 4738161 1937 32784 56372965 1720 127669 56500634 51078213 5422421

1938 28988 52830262 1822 112370 52942632 48236913 4705719 1939 30224 55042582 1821 122809 55165391 50465157 4700234 1940 29674 55664577 1876 136211 55800788 50954049 4846739 1941 31583 63000300 1995 169287 63169587 57796806 5372781 1942 33253 74673850 2246 171679 74845529 68157394 6688135

1943 35377 85217993 2409 178602 85396595 79260743 6135852 1944 38230 104576956 2735 213420 104790376 96625162 8165214 1945 38589 106425149 2758 229063 106654212 98367453 8286759

Exclusive of back pay in 1944 applicable to 1943 in the amounts of $5087416 $547 and $5087963 respectively

NUMBER OF EMPLOYEES AND COMPENSATION BY STATES -1945

REGULAR EMPLOYEES PART TIME TOTAL EMPLOYEES COMPENSATIONSTATE AVERAGE TOTAL AVERAGE TOTAL ALLNUMBER COMPENSATION COMPENSATION

CO~IPENSATION EMPLOYEESPER EMPLOYEE

Illinois 8715 $ 23743608 $ 2724 $ 59785 is 23803393 Iowa 4528 11666087 2576 19575 11685662 Wisconsin 9533 26134168 2741 50413 26184581 Minnesota 4667 12906259 2765 24875 12931134 Michigan 236 533339 2260 3585 536924

Missouri 642 1680675 2618 13029 1693704 Indiana - - 1169 3232568 2765 7923 3240491 South Dakota 2678 6795961 2538 9100 6805061 North Dakota 271 661159 2440 1462 662621 Montana 2689 8463578 3147 23166 8486744

Idaho 361 1037556 2874 200 1037756 Washington 2946 9074683 3080 11342 9086025 New York 37 130242 3520 600 130842 All other 117 365266 3122 4008 369274

Total 38589 $ 106425149 $ 2758 $ 229063 8 106654212

43

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 39: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

-------------------------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILES OF ROAD BY STATES DECEMBER 31 1945

ROAD OPERATED

OWNED SOLELY OWNED JOINTLY STATE

TRACKAGELEASED TOTAL

RIGHTSMAIN BRANCH MAIN BRANCH LINE LINE LINE LINE

-----------------------1-----1middot------------------------- ------

Idaho 11272 11180 811 23263 Illinois 33787 14134 267 19 11515 15470 75192 Indiana 19659 19659 Iowa 119973 53529 05 04 10 6650 180171 Kansas 705 705

Michigan 5782 12134 25 98 18039 Minnesota 76443 39324 503 2270 19358 137898 Missouri 13002 922 1471 15395 Montana 74788 47333 2999 125120 Nebraska 562 562

North Dakota 10250 26328 110 36688 South Dakota 104001 69537 173538 Wlshinampton 31470 49000 2688 5010 20111 108279 WIsconSlIl 103937 49967 1658 3239 158801

Total 584705 372466 4385 12095 31184 68475 1073310

Includes 97 mile owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

MILES OF TRACK DECEMBER 31 1945

OWNED OWNED TRACKAGEITEMS LEASED TOTAL

SOLELY JOINTLY RIGHTS

Miles of 1st Main (Road)

Operated 957171 16480 31184 68475 1073310 Not operated 1221 1221

Additional Main Tracks

Operated Not operated

85513

1532 1441

70 4543 28265 119762

1602

Yard Tracks and Sidings

Operated 308455 26158 19375 53S02 407490 Not operated 714 3607 4321

Total operated 1351139 44079 55102 150242 1600562

Total not operated 3467 3677 7144

Grand Total 1354606 47756 55102 150242 1607706

Miles of 1st main operated includes 97 mile Yard tracks and sidings operated includes 124 miles owned by C M St P amp P R R Co leased to Des Moines Union Ry Co but used by C M St P amp P R R Co under contract

44

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 40: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

-----

----

ANNUAL REPORT FOR 1945

THE MILWAUKEE MOTOR TRANSPORTATION COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 I INCREASE DECREASE

CURRENT ASSETS

Cash $ 2187613 Is 1444011 ~$ 743602 Working fund 10000 10000 Receivables from associated companies 387087 474872 $ 87785 Accounts receivable 1171 1171 Material and supplies 46036 57161 11125

Total Current Assets 2631907 1986044 645863

TANGIBLE PROPERTY

Carrier operating property 3961676 3953090 8586 Less Reserve for depreciation 1637443 1026215 611228

Total Tangible Property 2324233 2926875 602642

DEFERRED DEDlTS

Prepayments 284474 487843 203369 Other deferred debits 5000 5000

Total Deferred Debits 289474 492843 203369

MISCELLANEOUS DEBIT ITEMS

Commission and expense on capi tal stock 5500 5500

GRAND TOTAL $ 5251114 S 5411262 $ 160148

LIABILITY SIDE

CURRENT LIABILITIES

Audited vouchers $ 163440 $ 338393 $ 174953 Wages payable 51827 53139 1312 Other current liabilities 35847 19730 S 16117

Total Current Liabilities 251114 411262 160148

CAPITAL SIOCK

Common capital stock 5000000 5000000 I GRAND TOTAL bull bull bull $ 5251114 S 5411262 1 $ 160148

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

RJVENUES

Revenue under C M St P amp P R R Co contract middot1$ 5097158 $ 4991174 105984

EXPENSES

Equipment maintenance and garage expense 965191 1035922 S 70731 Transportation expense 2392798 2287608 105190 Insurance and safety expense 103765 118139 14374 Administrative and general expense 14796 5473 9323 Depreciation e)1Jense 611228 600353 10875 Opera ting taxes and licenses 1009380 943679 65701

Total Expenses $ 5097158 $ 4991174 S 105984

NET INCOME None None None None

45

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 41: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

---------------------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE

INVESTMENTS Road and equipment property S 2769912678 $ 27490R4751 $ 20827927 Donations and grants (Credits) 15526921 16019126 Is 492204

Investment in transportation property 2754385757 2733065626 21320131 Accrued depreciation-Equipment (Credits) 6916977 5916977

Investment in transportation property less recorded depreshyci~oo 2748468780 2727148649 21320131

Capital and other reserve funds 2168995 1404995 764000 Miscellaneous physical property 16694399 16551699 142700 Affiliated companies 300 400 100

1-------1-middot-middot-----------------shyTotal Investments less recorded depreciation 2767332474 2745105743 22226731

CURRENT ASSETS Cash 111733 111733 Special deposits 26087390 18750 26068640 Accrued accounts receivable 5146775 107099484 101952709

Total Current Assets 31345898 107229967 75884069

DEFERRED ASSETS Other deferred assets 7972026 404035904 396063878

UNADJUSTED DEBITS Other unadjusted debits 67705 67705

GRAND TOTAL $ 2806718103 ) 3256371614 $ 449653511

LIABILITY SIDE CAPITAL STOCK

Common stock $ 430000000 $ 430000000 Less Stock held in treasury 12700500 12700500

1-------------1------middot1-----shyTotal Capital Stock 417299500 417299500

LONG TERM DEBT Funded debt unmatured 2336000000 2336000000 Less Bonds held in treasury 16620000 16620000

2319380000 2319380000

Debt in default 35000000 35000000 Less Bonds pledged 10000000 10000000

25000000 25000000

Amounts payable to affiliaterl Clmpanies 291387695 263288486 $ 28099209 -1middot------1------middot1-----shy

Total Long Term Debt 2635767695 2607668486 28099209

CURRENT LIABILITIES Interest matured unpaid 30602915 S 49822735 Unmatured interest accrued 631250 26061334

Total Current Liabilities 31234165 75884069 --1------------shy

DEFERRED LIABILITIES Other deferred liabilities 103812 158542 54730

SURPLUS Unearned surplus (Donations of miscellaneous physical

property) 697625 199621 498004 Earned surplus-Unappropriated Dr278384694 123927231 Dr402311926

Total Surplus middot1_D_r_2_7_7_6_8_7deg__69_ _1_24_1_2_6_8_5_Z_ D_r_4_0_18__13_9_2_1_ ____________

1 I 1

GRAND TOTAL $ 2806718103 $ 3256371614 $ 449653511

46

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 42: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

CHICAGO TERRE HAUTE AND SOUTHEASTERN RAILWAY CO

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

INCOME Income from lease of road and equipment $ 110787827 $ 110924353 $ 136526 Miseellaneous income l(l382 19382

Total Income 110787827 110943735 155908

DEDUCTIONS FROM INCOME Interest on funded debt 109939306 109932000 1$ 7306 Maintenance of investment organization 321509 313245 8264 Miscellaneous income charges 527012 690608 163596

Total Deductions From Income 110787827 110935853 148026

NET INCOME $ 7882 8 7882

EARNED SURPLUS-UNAPPROPRIATED

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

CREDITS Credit balance at beginning of year $ 123927231 $ 125401625 $ 1474394 Credit balance transferred from income 7882 7882 Miscellaneous credits 3873 3873

Total Credits ] 23927231 125413380 1486149 -------------------------~---

DEBITS Miscellaneous debi ts 0402311925 1486149

Total Debits 402311925 1486149

BALANCE DECEMBER 31 CARRIED TO GENERAL BALANCE SHEET SDr278384694 $ 123927231 SDr402311925

0Includes write-off of equipment vacancIes under mortgages up to January 1 1944 of $400419547

LONG TERM DEBT DECEMBER 31 1945

INTERESTIN

DESCRIPTION OF BONDS DATE OF MATURITY TOTAL TREASURY

OF COMPANY

PLEDGED IN HANDS OF PUBLIC RATE PAYABJE

ACCRUED DURING THE YEAR

UNMATURED Southern Indiana Ry Co First

mortgage C T H amp S E Ry Co

Feb 1 1951 $ 728700000 $ 728700000 4 F amp A 1 $ 29150429

First and refunding mortgage Income mortgage

Dec 1 1960 Dec 1 1960

957300000 $ 200000 0957100000 650000000 16420000 633580000

5 5

JampDl MampSI

47857685 31681192

Total 0 bullbullbullbull 2336000000 16620000 2319380000 108689306

MATURED UNPAID Bedford Belt Ry Co First

mortgage - July 1 1938 35000000 $10000000 25000000 5 J amp J 1 1250000

GRAND TOTAL $2371000000 $ 16620000 $ 100000001$2344380000 i $109939306

The rental paId by C M St P amp P R R Co for the lease of the property includes the interest on the above bonds 0)Includes $151500000 pledged with Trustee under C 11 St P amp P R R Co First mortgage G)Pledged with Trustee under C T H amp S E Ry Co First 8J)d refunding mortgage

47

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 43: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

------

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

REPUBLIC COAL CaMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

1945 1944 ASSET SIDE

INVESTMENTS

Property investment 8 125290682 $ 125878452 Less-Reserve for accrued amortization depletion and deshy

preciation 101510512 99570847

Net property investment 23780170 26307605 U S Government savings bonds 7892000 4084000

Total Investments 31672170 30391605

CURRENT ASSETS

Cash 24296843 22820945 U S war savings bond collections 180450 242398 U S Treasury tax notes 180000 Interest accrued on U S Treasury tax notes - 7776 Audi ted bills _ - - - - - - - - - - - - - - 8904779 8371689 Material and supplies _ _ - - - - 4944871 5954738

Total Current Assets 38326943 37577546

DEFERRED ASSETS

Advance royalty paid Roundup Coal Mining Company 1303716 1303716 Advance royalty paid U S Government_ _ _ - 62957 Mine clerks working fund - - 500000 500000 Prepaid insurance _ 42144 36456

Total Deferred Assets _ 1908817 1840172

UNADJUSTED DEBITS

Other unadjusted debits 19700 18201

GRAND TOTAL _ _ _ - shy $ 71927630 $ 69827524

LIABILITY SIDE

CAPITAL STOCK

Common stock _ S 10000000 $ 10000000

CURRENT LIABILITIES

Payrolls and vouchers 7854018 7728836 Federal insurance contributions act-Employees tax deducshy

tions 95379 90764 Employees payroll deductions for purchase of U S war

savings bonds 304100 424875 Taxes accrued Dot yet payable 2039267 2213827 U S Govt royalties accrued-not yet due 33915

Total Current Liabilities _ 10292764 10492217

DEFERRED LIABILITIES

Reserve for personal injuries 4216079 4147545

UNADJUSTED CREDITS

Other unadjusted credits 8500 8500

PROFIT AND Loss

Credi t balance _ 47410287 45179262

GRAND TOTAL S 71927630 $ 69827524

48

INCREASE DECREASE

$ 587770

$ 1939665

2527435 3808000

1280565 _

1475898 61948

180000 7776

533090 1009867

749397

middot 62957

middot 5688

68645

1499

$ 2100106

$ 125182

4615

$ 120775 middot ~ 174560 33915

- 199453

68534

2231025

$ 2100106

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 44: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

REPUBLIC COAL COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

OPERATING INCOME

Coal sales $ 104499261 $ 105181610

Operating expenses Taxes

96392925 6488869

97226019 6669122

-1-------1--middot-----shyTotal Expenses 102881794 103895141

NET OPERATING INCOME 1617467 1286469 $ 330998 -------shy--------middot--1------- --------shy

OTHER INCOME

Interest received 110592 89728 20864 Coal delivery House rents

789 554529

20944 651081

20155 96552

Income from lands 49200 55312 6112 Miscellaneous income 7411 3881 3530

Total Other Income 722521 820946 98425

TOTAL INCOME 2339988 2107415 232573 -------shy

DEDUCTIONS FROM INCOME

Maintenance of tenements 36199 42269 6070 Taxes-Townsite property Depreciation-Townsite property

56899 15865

56665 26559

234 10694

Total Deductions 108963 125493 16530

NET INCOME $ 2231025 $ 1981922 1$ 249103

PROFIT AND LOSS ACCOUNT

1945 1944 I~CREASE I DECREASE

CREDITS

Credit balance at heginning of year Credit balance transferred from income

S 45179262 2231025

$ 43197340 1981922

$ 1981922 249103

Credit balance December 31 Sheet

carried to General Balance $ 47410287 $ 45179262 $ 2231025

49

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 45: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COTvIPANY

MILWAUKEE LAND COMPANY

GENERAL BALANCE SHEET

DECEMBER 31 1945 AND DECEMBER 31 1944

ASSET SIDE 1945 1944 INCREASE DECREASE CURRENT ASSETS -------1-------1----middot---------shy

Cash 13935331 $ 30709353 S 16774022 Notes receivable 14677603 7640832 7036771 Interest accrued on notes receivable-Timber division 808598 280868 527730

In~~~~ ~~cru~~ ~~ ~~~~~~~ d~~ fro~ ~a~~~~rI~c ~~ree~1 1443738 2507151 1063413 Interest accrued on tImber sales contracts 486857 486857 Contracts uncompleted-Farm land sales-Timber division 74000 74000 Purchase contracts-Town lots and acreage 74088 93025 18937 Audited bills-Timber division 3341460 4236743 895283 Rayonier Inc-Agreement 78308255 94416125 16107870 St Regis Paper Co timber sale contract 20000000 20000000 Crown Zellerbach Corp timber sale contract 20871328 14265549 6605779

Total Current Asse ts 1--1-53-9--4-7-=2-5-8--1--1=--=-54-2-=73-6=-4-6--1------------1----2=--=-763=--=-88=-shy

13806519 37000 10000

600 400

Total Deferred Assets 800 200 CAPITAL ASSETS

Land and timber 285688011 337134648 51446637 Real estate-Town lots and acreage 7011937 717416~ 162227 St Joe Idaho powersite lands 4830802 4830802 Spokane Wash-Industrial tract 3045270 3170672 125402 Reforestation lands purchased-Idaho 1686224 646309 1039915 Reforestation lands purchased-Washington 72704 5000 67704 Equipment-Automobiles $ 821863 Less Accrued depreciation 488538 335325 471284 135959 Furniture and fixtures 499547 LessAccrued depreciation 358377 141170 187806 46636 Government land scrip 100 100

Total Capital Assets 302811543 353620785 50809242

GRAND TOTAL $ 470615420 $ 521698750 $ 51083330

$ 23391782

3200

23394982

9700865 2384331

532761

12347

61400000

61400000

457719030 1 56409477

$ 521698750 $ 51083330

50

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 46: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE INCOME

TOWNSITE DIVISION

SALES

Real estate sales 287281 1814950 $ 1527669 Book value of lots and acreage sold 287629 5756520 5468891

Gross Profit from Sales 3941570 3941222

OTHER INCOME

Rents Interest and discount Miscellaneous income

569238 3721 1000

212881 11020 5500

S 356357 7299

4500

Total Other Income 573959 229401 344558

TOTAL INCOME-TOWNSITE DIVISION bull 573611 3719169 4285780

TIMilER DIVISION

SALES

Stumpage sales 148912286 233156503 84244217 Acreage sales 1492571 724224 768347 St Joe Idaho powersite land sales 50000 50000 Cost of land and timber sold 53100059 108246173 55146114 Cost of St Joe Idaho powerside land sold 173953 173953

Gross Profit from Sales 97304798 125510601 28205803

OTHER INCOME

Rents 261484 311)04 50420 Trespass 330244 168339 161405 Coal mine royalties 195636 280438 84802 Interest on notes receivable-Timber 791517 475077 316440 Interest on miscellaneous bills and other accounts 3314725 4396975 1082250 Dividends 30000 30000 Royalties 810 810

Total Other Income 4894416 5663233 768817

TOTAL INCOME-TIMBER DIVISION 102199214 131173834 28974620

TOTAL INCOME-ToWNSITE AND TIMBER DIVISIONS 102772825 127461665 24688840bullbullbullbullbullbullbullbullbullbullbullbullbullbullbull 0

EXPENSES

TOWNSITE DIVISION

Salaries 245475 277082 bullbullbullbullbullbullbullbullbullbullbullbullbullbull 0 31607bull

Salaries and expenses-Real estate department 50308 50642 334 General office supplies and expenses 4785 6184 1399 Commissions 525 3017 2492 Taxes accrued 86969 75136 11833 Interest on notes payable 6404376 6404376 Depreciation on furniture and fixtures 12600 12600

Total Expense-Townsite Division iii 6805038 $ 6829037 $ 23999

(Concluded on next page)

51

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 47: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

MILWAUKEE LAND COMPANY

INCOME ACCOUNT

FOR THE YEARS 1945 AND 1944

I 1945 1944 INCREASE DECREASE EXPENSES-CONCLUDED I

TIMBER DIVISION

Fire protection $ 1168372 $ 918544 $ 249828 Office expense 1775324 1881682 $ 106358

bullbullbullbullbull bullbull 0middotOfficers salaries middot 1423050 1282200 140850 RICa estate expense 3372878 4221950 849072 Tim bel cutting contracts expense middot 4160454 5158914 middot 998460 Legal expense - middot 60350 69500 9150 Taxes accrued 15895130 5229815 10665315 I ntere~t on notes payable 11423562 15412814 3989252 Pension account 69840 69840 Depreriation on automobiles furniture and fixtures 173195 206564 33369 South Olympic Tree Farm Co expense 36155 28924 7231 Clemons Tree Farm expense 18356 - 18356

Total Expense-Timber Division 39558310 34499103 5059207

TOTAL EXPENSE-TOWNSITE AND TIMBER DIVISIOiIl _0 46363348 413281 40 5035208

_ 0 0 bullbullbull bullNET INCOME $ 56409477 S 86133525 $ 29724048

PROFIT AND LOSS ACCOUNT

FOR THE YEARS 1945 AND 1944

1945 1944 INCREASE DECREASE

I CREDITS

Credit balance transferred from income $ 56409477 $ 86133525 middot 1 29724048

DEBITS

Debit balance at beginning of year 457719030 543852155 86133525

DEBIT BALANCE DECEMBER 31 CARRIED TO GENERAl BALANCE SHEET $ 401309553 457719020 middot $ 564094771$

52

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 48: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

- -

--------

-------- -------

--------

--------

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDT G C T H amp S E RY) END OF YEARS 1936-1945

LOCOMOTIVES

I

WEIGHT (TONS) NUMBER BY SFRVICES TRACTIVE POWER

Ai ASSIG ED (POUNDR) EXCL OF TENDER11 D YFAR 0 DmVERS

AVllilAGE PAfS- YARD OTIJEIl TOTI IA PER PER LocoFHI TOTAL Av PFR I TOTALENGER il Loco Loco

Stenm 1936 644 199 353 5 1201 52679254 43863 142718 11883 9111 1937 653 203 351 3 1210 53583834 44284 145718 12043 9175 1938 651 189 371 13 1224 54758724 44738 150187 12270 9260 1939 618 186 386 11 1201 54006115 44968 147805 12114 9304 1940 589 174 341 8 1112 50965795 45833 140103 12599 9464

1941 591 172 332 16 1111 50937637 45818 140045 12605 9467 1942 579 169 319 31 1098 50633668 46114 139258 12683 9507 Hl43 589 164 314 29 1096 50563571 46135 139129 12694 9513 1944 575 160 316 43 1094 50789926 4G126 1~0451 12838 9577 1945 550 170 302 25 1047 49246358 47036 136347 13023 9684

I I

EI(ctric 1936 36 15 6 57 6560975 115105 16780 29439 23021 1937 36 15 6 S7 6564600 115168 16787 29451 23034

(Decline in numbr due mainly to 1938 35 15 6 1 57 6579100 115423 16691 29282 23085 re-arrangement of lInitR in locoshy 1939 36 15 5 56 6 5652iiO 117237 16570 29589 23447motives) 1940 34 15 5 1 55 6565250 119368 16570 30127 23874

1941 34 15 5 middot 54 6565250 121579 16570 30685 24316 1942 33 14 3 1 51 6460250 126672 16260 31882 25334

34 1944 34 14 4 52 6460250 1lL216 16260 31269 2-1847 1943 14 - 52 6460250 124236 16260 31269 24847

1945 34 14 4 52 6460250 12236 16260 31269 24847

Diesel electrie 1936 2 2 91390 45695 183 9139 9139 1937 2 2 91390 45695 183 9139 9139

([ncluding oil anll g1S electric) Hl38 2 2 91390 4fi695 183 9139 9139 Hl39 9 middot 9 465R90 51766 932 10356 10356 1940 2 43 45 2313949 51421 4716 10480 10480

1941 12 2 44 - 58 3091491 53302 6400 11034 10660 1942 11 2 46 59 3072886 52083 6363 10785 10416 1943 13 2 56 middot 71 3960243 55778 8138 11462 11155 1914 15 2 60 2 79 5509363 69739 1l236 14223 13n48 1945 21 2 79 1 103 7808831 75814 15831 1515815370 I

I I Total 1936 680 214 361 5 1260 59331619 47089 159681 12673 9740

1937 689 218 359 3 1269 60239824 47470 162688 12820 9798 1938 686 204 379 14 1283 61429214 47879 167061 13021 9874 1939 654 201 400 11 1266 61037255 48213 165397 13065 9937 1940 625 189 389 9 1212 59844994 49377 161389 13316 10155

1941 637 18n 381 16 1223 60594378 49546 163015 13329 10179 1942 623 185 368 32 1201 60166804 49807 161881 13401 10220 1943 636 180 374 2) 1219 60984064 50028 163527 13415 10263 1944 (24 176 380 45 122i 6275n539 51232 167947 13710 10507 1945 605 186 385 26 1202 63515439 52841 168437 14013 10809

1 I Work service leased to others and held for sale or other disposition

53

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 49: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

--

CHICAGO MILWAUKEE ST PAUL AND PACIFIC RAILROAD COMPANY

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONTINUED

FREIGHT-TRAIN CARS

AUTO AUTO REFRIGERshyYEAR Box I GONDOLA IHOPPER BALLAST ORE STOCK FLAT amp CABOOSE TOTAL40 50 i MISCL ATOR

1936 29259 2945 1591 11438 1029 999 1063 4063 3914 898 8 57207 1937 28644 3336 2099 11342 2014 999 977 4050 4014 910 6 58391i1938 27508 3310 2052 11871 2002 999 805 3974 4364 880 3 57768 1939 27430 3227 2030 11465 2001 999 ROO 3927 4438 889 middot 57206 1940 27659 3108 2023 11319 2035 999 800 3921 4364 816 57044

1941 27421 3104 1996 11273 2033 999 800 3921 4269 815 56631 1942 26907 3192 1991 11120 2524 999 800 3918 4364 803 56618 1943 26376 3391 1982 11746 2516 999 800 3910 4732 790 57242 1944 26588 3650 1976 11183 3015 999 800 3907 4647 802 middot 57567 1945 26116 3615 1969 10468 3014 999 800 3894 5055 784 middot

56714

PASSENGER-TRAIN CARS

TAP LOUNGE BAGGAGE PASSEN- PASSCOMPANY PARLOR TAP STEAMYEAR COACHES PARLOR DINING OBSERV- EXPRESS GER AND TOTALSLEEPERS CAFE EXPRESS MAIL AND HEATINGATION amp MAIL BAGGAGE BAGGAGE

1936 347 76 29 6 24 27 2 382 66 middot 959 1937 341 75 31 6 31 25 2 378 64 1 954 1938 358 72 29 8 35 25 6 380 55 11 middot 979 1939 325 70 29 15 30 18 6 369 59 11 932 1940 324 66 29 15 30 15 6 370 57 11 middot 923

1941 324 66 29 15 30 13 6 369 57 11 920 1942 354 66 26 13 36 13 4 369 58 11 middot 950 1943 360 65 24 13 36 10 3 369 58 11 middot 949 1944 360 65 24 13 36 10 3 376 58 11 2 958 1945 359 65 24 13 36 6 3 390 57 11 2 966

I

RAIL MOTOR CARS

175 H P GAs-ELECTRIC 275 H P GAs-ELECTRIC 400 H P GAs-ELECTRIC 450 H P

STEAMYEAR TOTALPASSENGER PASSENGER PASSENGER PASltENGER PASSENGER MAIL ANDMAIL AND MAIL ANDMAIL AND AND MAIL AND AND AND EXPRESSEXPRESS EXPHESSEXPRESS BAGGAGE EXPRESS BAGGAGE BAGGAGE

1936 1 3 1 4 10 2 21 1937 1 3 1 4 10 2 21 1938 1 3 1 4 10 1 20 1939 1 1 1 4 10 1 18 1940 1 1 3 2 10 17

1941 3 2 10 2 19 1942 3 2 9 3 18 1943 3 2 9 3 18 1944 3 2 9 3 17 1945 3 2 9 1 15

54

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 50: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

ANNUAL REPORT FOR 1945

EQUIPMENT OWNED (INCLUDING C T H amp S E RY) END OF YEARS 1936-1945-CONCLUDED

HIGHWAY VEHICLES

REVENUE SEHVICE NONREVENUE SERVICE

YEAR I

SEMI- PASSENGER SEMI- MISCBUSES TRUCKS TRACTORS TRAILERSI BUSES TRUCKS TRACTORS TRAILERSTIAILERS AUTOMODILES TRAILERS EQUIP -----------------------I---------------------- ---- ---shy

1936 8 3 39 46 1 9 1937 R 5 1 2 42 43 1 2 2 10 1938 7 4 2 2 2 44 45 1 2 2 10 1939 6 4 2 2 2 48 54 4 2 8 10 1940 8 5 2 2 2 51 61 6 2 10 10

1941 8 4 3 2 4 53 82 6 2 10 10 1942 8 3 7 4 11 76 100 5 10 10 1943 4 5 9 4 12 117 3 103 3 12 10 1944 3 1 5 2 9 178 5 123 8 2 15 10 1945 4 1 5 2 9 192 8 138 8 2 16 10

COMPANY SERVICE EQUIPMENT

BUNK OTHERI CINDER SNOWBUSINESS DERRICK I STEAM AND WATER COMPANYYEAR I DUMP FIGHTING TOTALCARS CARS SHOVELS OUTHT CARS SERVICECARS EQUIPMENTCARS EQUIPMENT ---- ------ ---------------_------------ ------------------shy

1936 14 27 1 1298 698 246 154 436 2874 1937 14 25 1 1426 667 256 183 455 3027 1938 14 25 1 1417 621 243 183 437 2941 1939 14 24 1 1419 583 244 187 440 2912 1940 13 25 1 1461 541 261 187 428 2917

1941 13 24 1 1521 524 260 188 429 2960 1942 13 24 1 1543 507 254 187 430 2959 1943 13 24 1 1678 496 247 187 444 3090 1944 13 23 1 1786 450 246 I 189 443 3151 1945 13 20 1 1879 402 237 189 470 3211

I I

FLOATING EQUIPMENT

~~~ _ TU~~~_ CAR ~~~~I_~~~ __ 1936 1 5 6 1937 1 5 6 1938 1 5 6 1939 1 5 6 1940 1 5 6

1941 1 5 6 1942 1 5 6 1943 1 4 5 1944 1 4 5 1945 1 4 5

55

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 51: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance

bull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

bullbullbull

INDEX TO TABLES PAGE

Available Net Income and disposition thereof for years 1945 and 1944 240 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Commodities Transported 42

Contingent Liabilities with respect to securities of other companies 250 bullbullbullbullbullbullbull

Earned Surplus-Unappropriated as of December 31 1945 0 24

Employes and Compensation by States year 1945 0 43bull bull bull bull bullbullbullbullbull 0 bullbullbullbullbullbullbullbullbull 0 bullbullbullbullbull 0 bull

Employes and Compensation (1928-1945) 43

Employes in Military Service 3

Equipment 0 bligations 28

Equipment Owned 0 53

Financial Results of Operation-Condensed 40 bullbullbull

Freight Traffic (1928-1945) Chart 0 34

General Balance Sheet-C lVI St P amp P R R Co 20

General Balance Sheet-C T H amp S E Ryo Co 46

General Balance Sheet-Milwaukee Land Company 50

General Balance Sheet-The Milwaulwe Motor Transportation Company 45

General Balance Sheet-Republic Coal Company 48

Gross Income disposition of (1928-1945) Chart o o 290 bullbullbullbull 0 bullbull bull 0 0 bullbullbullbull

Highlights of 1945 Performance 5

Income Account-C M St P amp P R R Co 22

Income Account-C T H amp S E Ry Co 47

Income Account-Milwaukee Land Company 0 51 bullbullbullbullbullbull 0 bullbullbullbullbull 0 bullbullbullbullbullbullbull

Income Account-The Milwaukee Motor Transportation Company 450 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Income Account-Republic Coal Company 49

Investment in Road and Equipment 0 260 bullbullbullbullbullbullbullbullbullbull 0 bullbull

Long Term Debt-C lVI St P amp P R R Co 280 bull

Long Term Debt-C T H amp S E Ryo Co 470 0 bullbullbull 0

Miles of Road by States 440 bullbullbullbullbullbullbull 0 bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Miles of Track 44

Net Railway Operating Income Items (1945-1944-1929) 33

Operating Revenues and Expenses-Detailed 300 bullbullbull

Operating Revenues Expenses Taxes and Income by months 1945 33

bullbullbullbullbull bullPassenger Traffic (1928-1945) Chart 0 34

Revenue Freight and Passenger Statistics (1936-1945) 350 bull

Securities Owned 270 bullbullbullbullbull 0 bullbullbullbull 0 bullbullbullbullbullbullbullbullbullbull 0 bullbullbull bullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull bullbullbullbullbull

Transportation Statistics 36middot0 bullbullbullbullbull 0 bull bullbullbull 0 bullbullbull bullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbullbull

Page 52: 1'- r·E · A brief resume of 1945, insofar as the reorganization . the old mortgages, the executio1l, delivery and recording. is concerned, follows: of the new mortgages, the issuance