Grand Trunk Railway of Michigan – Toledo, Saginaw and Muskegon Railway Company

Below from Report of Michigan Railroad Commissioners for year of 1891 – Pages 78 to 85

Page 78

REPORT OF THE

CINCINNATI, SAGINAW & MACKINAW RAILROAD CO.

For the two Months Ending December 31, 1890

(Filed March 30, 1891)

OFFICERS OF THE COMPANY, WITH LOCATION OF OFFICES

President, A. W. WRIGHT, Alma, Michigan

Vice President, L. J. SEARGEANT, Montreal, Province of Quebec

Secretary and Treasurer, JAMES H. MUIR, Detroit, Michigan

General Manager, W. J. SPICER, Detroit, Michigan

Mechanical Superintend, HERBERT ROBERTS, Detroit, Michigan

Chief Engineer, GEORGE MASSON, Detroit, Michigan

Traffic Manger, GEO. B. REEVE, Chicago, Illinois

General Passenger and Ticket Agent, W. E. DAVIS, Chicago, Illinois

Assistant General Freight Agent, DAVID BROWN, Chicago, Illinois

Solicitor, E. W. MEDDAUGH, Detroit, Michigan

DIRECTORS

A. W. Wright, Alma, Michigan

L. J. SEARGEANT, Montreal, Province of Quebec

W. R. Burt, Saginaw, Michigan

F. C. Stone, Saginaw, Michigan

E. W. Meddauge, Detroit, Michigan

W. J. Spicer, Detroit, Michigan

George Jerome, Detroit, Michigan

Terms expire April 21, 1891

STOCKHOLDERS, STOCK AND GENERAL OFFICES

When chartered or articles of association filed:
Articles of association dated December 26, 1889, and filed December 30, 1889.
Number of stockholders at date of last election	8
Number of stockholders in Michigan at same date	7
Amount of full paid stock held in Michigan at same date	$676,500.00
Date of annual meeting of stockholders, -- Thrid Tuesday in April.
Fiscal year of company ends December 31.
General offices of the company are located at Detroit and Saginaw, Mich.

GENERAL EXHIBIT

	Debit	Credit
Total income for two months ended Dec. 31, 1890		$26,194.76
Total expenses, including taxes for two months ended Dec. 31, 1890	$20,131.83
Net income		$6,062.98
Interest on funded debit for two months ended Dec. 31, 1890		14,000.00
Balance deficit for the two months ended Dec. 31, 1890	$7,937.07
Balance forward to next year		$7,937.07

Page 79

ANALYSIS OF CAPITAL STOCK

Amount authorized by charter or articles of association		$1,500,000.00
Par value of shares		$100
Number of shares issued		15,000
Amount paid in on common	$1,500,000
Total paid in, as per books of the company		$1,500,000
Paid in per mile of road owned by company (53 miles)		28,301.88

ANALYSIS OF DEBT ACCOUNTS

Funded debt
Class, character and date of issue	Rate of interest	When due	Where payable	Account
First mortgage bonds issued January 1, 1890	5%	Jan. 1, 1980	New York	$1,680,000.00
Total funded debt				$1,680,000.00

UNFUNDED DEBT

For current balance	$27,399.09
Total unfunded debt	$27,399.09

RECAPITULATION

Total funded debt	$1,680,000.00
Total unfunded debt	27,399.09
Total debt liabilities	$1,707,399.09
Amount of debt liabilities per mile of road (53 miles)	32,215.08
Total amount of stock and debt	$3,207,399.09
Stock and debt per mile of road (53 miles)	60,516.96

GENERAL BALANCE SHEET – Dr.

Construction account Equipment account	}	$3,180,000.00
Cash	$7,107.63
Due from agent	1,341.68
		8,449.31
Other assets:
Materials and supplies	$1,503.16
Debit balances from companies and individuals	9,509.55
		11,012.71
Deficit		7,937.07
Total		$3,207,399.09

GENERAL BALANCE SHEET – Cr.

Capital stock		$,500,000.00
Funded debt		1,680,000.00
Unfunded debt:
Interest unpaid	$14,000.00
Vouchers and accounts	6,050.00
Other liabilities (list as follows):
Salaries and wages (paid January, 1891)	6,449.09
Total		27,399.09
		$3,207,399.09

Page 80

COST OF ROAD AND EQUIPMENT

PURCHASE BY PRESENT COMPANY

When purchased, - November 1, 1890
Original cost to present company, of road and equipment		$3,180,000.00
Total cost to date of report		3,180,000.00
Average cost per mile of road (not including sidings), (53 miles)		60,000.00
Proportion of cost for Michigan		3,180,000.00

CHARGES AND CREDITS TO PROPERTY

November and December, 1890

None

ANALYSIS OF EARNING FOR TWO MONTHS ENDED DECEMBER 31, 1890

PASSENGER EARNINGS

Main Line and Branches
Local fares	$5,513.87
Through fares	649.53
Total passenger fares		$6,163.40
Express and Baggage	$148.13
Mails	366.33
Total passenger department earnings		$6,677.85
Proportion for Michigan	$6,677.85
Per train mile	.37
Per mile of road	126.00

FREIGHT EARNINGS

Main Line and Branches
Local traffic	$17,072.15
Through traffic	2,370.62
Total freight department earnings		19,442.77
Proportion for Michigan	$19,442.77
Per train mile	2.41
Per mile of road	366.84
Total transportation earnings for two months ended Dec. 31, 1890		$26,120.63
Transportation earnings per mile of road for two months ended December 31, 1890	$492.84
Transportation earnings per train mile of road for two months ended December 31, 1890	1.01
From telegraph		74.14
Total		$26,194.76

Total earning from operation of road:
1^st January to 31^st October, 1890	$161,518.78
1^st November to 31^st December, 1890, as above	26,194.76
Total earnings from operation of road for the year	$187,713.54
Total earnings per train mile for November and December, 1890	1.01
Proportion of taxable earnings for Michigan for the year	187,713.54
Total taxable earnings per mile of road in Michigan for the year	3,541.76
Income other than from earnings	None
Total income from all sources for the year 1890		$187,713.54
Proportion of income for Michigan for the year 1890		187,713.54

ANALYSIS OF EXPENSES (FOR TWO MONTHS ENDED DECEMBER 31, 1890)

Class 1. – Maintenance of Way and Buildings.

Repairs of roadway and track		$2,443.21
Repairs of bridges, including culvert and cattle guards		23.75
Repairs of fences, road crossings, and signs		48.95
Repairs of buildings		174.50
Total		$2,690.41

Page 81

CLASS 2. – Maintenance of Motive Power and Cars

Repairs of locomotives		$884.69
Repairs of passenger cars		376.48
Repair of freight cars		888.13
Total		$2,151.29

CLASS 3. – Conducting Transportation

Fuel for locomotives		$2,806.74
Water supply		101.23
Oil and waste		165.58
Locomotive service		2,784.46
Passenger train service		653.77
Passenger train supplies		159.48
Freight train service		2,068
Freight train supplies		398.70
Mileage of freight cars		826.70
Telegraph expenses (maintenance and operating)		450.00
Damage to property and cattle		60.00
Agents and station service		3,478.27
Station supplies		339.23
Total		$14,191.98

CLASS 4. – General expenses

(Paid by the Chicago & Grand Trunk Company).

Insurance		$70.00
Stationary and printing		354.97
Contingencies		123.18
Taxes		550.00
Total		$1,098.15

RECAPITULATION OF EXPENSES (FOR TWO MONTHS ENDED DECEMBER 31, 1890)

	Per cent of expenses
Maintenance of way and buildings	13.37	$2,690.41
Maintenance of motive power and cars	10.68	2,151.39
Conducting transportation	70.50	14,191.98
General expenses, including taxes	5.45	1,098.15
Total operating expenses and taxes	100.00	$20,131.83
Operating expenses and taxes per mile of road		$879.85
Operating expenses and taxes per train mile run, for trains earning revenue (25,951)		78
Proportion of operating expenses and taxes for Michigan		20,131.83
Total proportion of expenses for Michigan		$20,131.83
Percentage of expenses to earnings	(76.85)
Net earnings per mile of road (for November and December, 1890)		114.40
Net earnings per train mile (for November and December, 1890)		23

DESCRIPTION OF ROAD

Date when the road was opened for use between its present termini:

From Durand, Mich., to West Bay City, Mich., January 11, 1890.

MAIN LINE

	Miles	Miles
In Michigan, from Durand to West Bay City	53
Total length completed		53
Total length of road belonging to this company in Michigan		53
Aggregate length in Michigan of sidings, spurs, and other tracks not above enumerated		28.10
Aggregate length of tracks in Michigan belonging to this company, computed as single track		81.10
Guage of track, 4 feet, 8 ½ inches

Page 82

Number of Bridges and Trestles in Michigan

	Number	Aggregate length, ft.
Wooden bridges	1	299
Iron bridges	2	64
Combination bridges	2	281
Wooden trestles	31	8,796
Total	36	9,440

Draw Bridges in Michigan

How many on your line?

Three

One at Saginaw River. Built in 1889; length of draw span 194 feet.

One two miles north of Batchelders. Built in 1889; 88 feet long

One three miles south of West Bay City. Built in 1889; 88 feet long

Character of structure?

Trusses

Material of which constructed?

One stone and iron, and two wood.

Height above water, and depth of water under bridge?

Above water 20 feet. Depth of water 12 feet.

How swung, by engine or hand power?

Hand power

Approaches straight or curved?

Curved

Do you require all trains to come to full stop before crossing a draw, and how are the signaled?

Yes. Signaled with a semaphore.

Crossing – Railroad and Highway.

What railroads cross your road at grade in this State, and at what locality?

Flint & Pere Marquette R. R. at Maple Street, East Saginaw

Flint & Pere Marquette R. R. at South Saginaw (F. & P. M. Belt)

Flint & Pere Marquette R. R. at East Saginaw (Dead Line)

Michigan Central R. R. at Emerson Street, East Saginaw

Michigan Central R. R. at north of river bridge, East Saginaw

Flint & Pere Marquette R. R. at north river bridge, East Saginaw

Michigan Central R. R. at East Saginaw (Wright’s Spur)

Flint & Pere Marquette R. R. at Mershons

Michigan Central R. R. at Lafayette Street, West Bay City

Michigan Central R. R. at Hart Street, West Bay City

At what crossings are interlocking and derailing switches in operation?

First class – F. &. P. M. at Maple St., East Saginaw. Michigan Central R. R. at Emerson St., East Saginaw. F. & P. M. R. R. at Mershons. Michigan Central R. R. at Lafayette St., West Bay City. Michigan Central R. R. at Hart St., West Bqay City. Trains do not stop if signals are clear.

Second class – F. & P. M. Belt, South Saginaw. F. & P. M. siding, East Saginaw. F. & P. M. Siding, north of river bridge. Michigan Central siding, north of river bridge. Michigan Central main line, C. S. & M. siding to Wright’s mill. At second class interlockers when signal are clear the following roads do not stop, but the other’s stop and trainmen put up the signals: F. & P. M. Belt – F. &. P. M. do not stop. F. & P. M. siding – C. S. & M. do not stop. M. C. & F. & P. M. sidings – C. S. & M. do not stop. Wright’s mill – M. C. do not stop.

What pattern or patterns have you adopted?

Union switch & Signal Company’s machines

Are your frogs and guards blocked as required by act 174, Session Laws 1884?

Yes

How are they treated? – Plank blocking

Stations

Number of stations on whole line		21
Same in Michigan		21

Employes

Number persons regularly employed on all roads operated by company, including officials		127
Same in Michigan		127
Classify your employes as per following list:		Number
Baggagemen		2
Brakemen		6
Conductors		4
Engineers		6
Firemen		6
Laborers		41
Shopmen		18
Yardmen		12
Others		32

Page 83

REPAIRS AND RENEWALS

Fencing in Michigan

How many miles of fencing have you

116

Road Bed and Track

Number of track sections in Michigan		8
Average length of sections (miles)		6 2/3
Average number of men in section gang		4

ROLLING STOCK

	Number	Present esti- mated value
Number of locomotives of more than 30 tons weight, exclusive of tender	4	$30,000.00
Number of locomotives of 20 to 30 tons weight, exclusive of tender	3	12,000.00
Number of locomotives of 10 to 20 tons weight, exclusive of tender	1	2,000.00
Total	8	$34,000.00
Number of passenger cars – 8 wheel, including official use	12	$36,000.00
Number of combination cars	2	3,000.00
Number of box freight cars	30	12,000.00
Number of flatform cars	65	16,250.00
Number of conductors’ way cars	2	600.00
Other cars as follows: Derrick	1	500.00
Total	112	$68,350.00
		$102,350.00
Number of locomotives equipped with power brakes		6
Number of passenger-train cars equipped with power brakes		14
What patterns of power brakes have you in use, and number of locomotives and cars with each? Six locomotive and 14 cars – Westinghouse Air brake
Are your freight cars being equipped with automatic couplers as required by Act No. 147, Session Laws of 1885? Not yet
How are your passenger cars heated? Baker heater (hot water)

MILEAGE, TRAFFIC, ETC. (FOR TWO MONTHS ENDED DECEMBER 31, 1890)

Train Mileage

Miles run by passenger trains during the year		17,743
Miles run by freight trains during the year		7,620
Miles run by mixed trains		583
Total mileage of trains earning revenue		25,951

Passenger traffic (for two Months ended December 31, 1890)

	Numbers and quantities	Miles	Rate
Number of through passengers carried	440
Number of local passengers carried	12,340
Total number of passenger carried	13,780
Total passenger mileage, or passengers carried one mile	243,448
Average distance traveled by each passenger		17.7
Average amount received from each passenger			30 44.73
Average rate of fare per mile for through passengers			02.41
Average rate of fare per mile for local passengers			02.55
Average rate of fare per mile for all passengers			02.53

Freight Traffic

	Numbers and quantities
Number of tons of through freight carried	4,165
Number of tons of local freight carried	27,678
Total tons of freight carried	31,843

Page 84

	Number and quantities	miles	Rate
Total Mileage of through freight	220,761
Total mileage of local freight	1,004,806
Total freight mileage, or tons carried on mile	1,225,567
Average ton haul through freight	58
Average ton haul for local freight	36.3
Average ton haul for all freight	38.5
Average amount received for each ton haul		$0 61.06
Average rate per ton mile received for through freight		01.07
Average rate per ton mile received for local freight		01.70
Average rate per ton mile received for all freight		01.59

Freight Forwarded at Michigan Stations (for two Months ended December 31, 1890)

	Forwarded tons
Grain	743
Flour	344
Provisions (beef, pork, lard, etc.)	198
Animals	176
Other agricultural products	821
Lumber and forest products	9,447
Coal	165
Salt	14,162
Railroad iron, iron and steel rails	18
Other iron and castings	25
Manufacture – articles shipped from point of production	289
Merchandise and other articles not enumerated above	5,461
Total forwarded	31,843

Tonnage of Articles Transported – Entire Road

	Tons	Per cent
Grain	743	2.38
Flour	344	1.08
Provisions (beef, pork, lard, etc.)	198	.60
Animals	176	.55
Other agricultural products	821	2.58
Lumber and forest products	9,447	29.68
Coal	165	.52
Salt	14,162	44.47
Railroad iron, iron and steel rails	18	.07
Other iron and castings	25	.08
Manufacture – articles shipped from point of production	289	.91
Merchandise and other articles not enumerated above	5,461	17.15
Total forwarded	31,843	100.00

ADDITIONAL QUESTIONS

Express Companies

What express companies run on your road, and what terms and what conditions as to rates, etc.; what kind of business is done by them, and do you take their freights at the depot, or at the office of each express companies?

The American Express Company pay one and one-half times the company’s local first-class freight rates per 100 lbs. on all local merchandise. For all produce one and a fourth times the company’s local first-class freight rate per 100 lbs. For all through business the same rate as produce. Freight taken at the depot.

Telegraph

Number of miles of telegraph on your road, and to whom does it belong?

Cannot state

Michigan Postal and Telegraph Company

TRANSPORTATION COMPANIES

Sleeping, Drawing-Room and Palace Car Companies

What sleeping, drawing-room, chair or other palace passenger cars other than the exclusive property of your own or other railroad company have been in use on your road, in the Sate of Michigan, during the year, on what terms respectively, and if rented by you or allowed mileage between local points in State, the amount paid for use of each during the period under report?

For November and December, 1890 – None

Page 85

Fast Freight Lines

November and December, 1890

Name of Company	General Office	Amount paid
Armour Refrigerator Line	Chicago, Ill	$2.24
Chicago Refrigerator Car Co.	Buffalo, New York	.78
Chicago, Boston & Liverpool Co.	Boston, Mass	9.95
Columbus & Rocking Coal & Iron Co.	Columbus	.29
Canda Cattle Car Co.	Chicago, ILL	3.06
G. B. Hodgeman & Co.	Sandusky, Ohio	.80
Hicks’ Stock Car Co.	Chicago, ILL	52.59
Iron Car Express Line	Atlanta, Ga	1.56
Kanawha Valley Rolling Stock Co.	Chicago, ILL	1.09
Michigan Salt Line	East Saginaw, Mich	154.55
Merchants’ Despatch Transportation Co.	New York City, N. Y.	5.37
New York Refrigerator Line	New York City, N. Y.	4.94
National Car Co.	St. Albans, Vt	24.34
Swift’s Refrigerator Line	Chicago, ILL	2.16
Street’s Western Stable Car Line	Chicago, ILL	6.33
Southern Iron Car Line	Atlanta, Ga	.54
St. Louis Refrigerator Car Co.	St. Louis, Mo	.58

STATE OF MICHIGAN, }

COUNTY OF WAYNE, } ss

William J. Spicer, General Manager, and James H. Muir, Secretary and Treasurer of the Cincinnati, Saginaw & Mackinaw Railroad Company, being duly sworn, depose and say they have caused the foregoing statements to be prepared by the proper officers and agents of this company, and having carefully examined the same, declare them to be true, full, and correct statement of the condition and affairs of said company, on the thirty-first day of December, A. D. 1890, to the best of their knowledge and belief.

Signed, [L. S. of R. R.] W. J. SPICER, JAS. H. MUIR

Subscribed and sworn to before me this 27^th day of March, A. D. 1891.

[L. S.] Signed A. B. Thomas

Notary Public, Wayne Co., Michigan

[1] Michigan Railroad Commission Data pertaining to railroad – Outline of Development and Successions in Title of Railroads Systems in Michigan

[2] Data taken from Michigan Railroad Commission reports for Toledo, Ann Arbor & North Michigan for years 1888 and 1889

[3] Michigan Railroad Commission Report 1889 page ii