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S I X T Y - S I X T H
A N N U A L R E P O R T O F T H E B O A R D OF D I R E C T O R S
OF
T H E M I C H I G A N C E N T R A L R A I L R O A D C O M P A N Y
T O T H E S T O C K H O L D E R S
DECEMBER 31 1911
DETROIT
MICHIGAN
S I X T Y - S I X T H
A N N U A L R E P O R T O F T H E B O A R D O F D I R E C T O R S
O F
T H E MICHIGAN CENTRAL RAILROAD COMPANY
TO T H E STOCKHOLDERS
F O B T B E Y E A R E N D E D
D E C E M B E R 3 1 1 9 1 1
DETROIT
MICHIGAN
O R G A N I Z A T I O N O F T H E M I C H I G A N C E N T R A L R A I L R O A D C O M P A N Y
DECEMBER : t l , 1911
DIRECTORS Elected at the anuual meetiug of stockholders held at Detroit, Michigan, May 4, 1911
H E N R Y B. L E D Y A R D , Chairman W I L L I A M K. V A N D E R B I L T J . P I E R P O N T M O R G A N F R E D E R I C K W. V A N D E R B I L T W I L L I A M R O C K E F E L L E R C H A U N C E Y M. D E P E W J A M E S S T I L L M A N L E W I S CASS L E D Y A R D W I L L I A M C. B R O W N W I L L I A M K. V A N D E R B I L T , JR G E O R G E F. B A K E R W I L L I A M IL N E W M A N M A R V I N H U G H I T T
E X E C U T I V E C O M M I T T E E HENRY B. LEDYARD, Chairman of the Board of Directors •
WILLIAM 0. BROWN, President* WILLIAM K . VANDERBILT LEWIS CASS LEDYARD
FREDERICK W . VANDERBILT WILLIAM ROCKEFELLER J . PIERFONT MORGAN WILLIAM H . NEWMAN-
JAMES STILLMAN
O F F I C E R S
President WILLIAJI C BROWN New York Assistant tu President WILLIAM K . VANDERBILT, J K New York Vice President JOHN CARSTENSEN New York Vice President CHARLES E . SCHAFF Chicago Vice President ALBERT H . HARRIS New York Vice President. CHARLES F . DALY New York Secretary D WIGHT W. PARDEE New York Treasurer CHARLES F . COX New York Local Treasurer JOHN E . GRIFFITHS Detroit General Auditor RICHARD M . HI'DDLESTON Chicago Auditor FRANK 0. WALDO Detroit General Counsel HENRY RUSSEL Detroit (Jcm-rul Soli.-itnr CLYDE BROWN- New York General Land and Tax Agent HERBERT D. HOWE Chicago General Manager RICHARD H . L'HOMMEDJEU Detroit General Superintendent SHELDON W. BROWN Detroit General Supt. Freight Trunsp. HERBERT J . MERRICK Chicago Chief Engineer GEORGE H . WEBB Detroit Superintendent Motive Power EDMOND D. BRONNER West Detroit General Purchasing Agent SYDNEY B. WIGHT New York Purchasing & General Tic Agent JOSEPH F. FARRELL Detroit Freight Traffic Manager GEORGE IL INGALLS Chicago General Freight Agent WILLIAM C ROWLEY Detroit Passenger Traffic Manager JOHN W . DALY Chicago General Passenger Agent LOUIS W. LANDMAN Chicago
The annual meetiug of stockholders for the election of directors is, held iu the city of Detroit, Michigan, on the Thursday following the first Wednesday in May
R E P O R T
To the stockholders of
T H E MICHIGAN CENTRAL RAILROAD COMPANY:
The Board of Directors herewith submits its report for the year ended December 31, 1911, with statements showing the results for the year and the financial condition of the company.
The report covers the operation of the following mileage:
Total road operated (as shown in detail on another j.»ag<*) l.SM'TG
The total road operated as shown in the report for I DID was 1,803*29 miles. The iiu'ivuw of 1347 miles shown for this year is ou account of corrections due to iv-iueasurement.
There was no change iu capital stock during the year, tho amount authorized and outstanding being $18,738,000.00.
Main line Proprietary lines Leased lines Lines operated undor trackage rights
270-07 343-31
1,110-20 93-18
•1
Animal Report
The funded debt outstanding December 31, 19)0, was $41,870,578 68
It lias been decreased during the year ended December 31, 19U.asfnlU.ws:
Installment on New York Central lines equipment trust certificates of 191U, paid January 1,1911 $339,098 22
Installment on New York Central lines equipment trust certificates of 1907, paid November 1, 1911 260,425 4.")
Michigan Ceuti-al-Jackson, Lansing & Saginaw three and one-half per cent gold bonds of 19.">1 purchased and cancelled by the Trustees of the Land Grant Fund of the Jackson, Lansing & Saginaw Kailroad Company 2,000 00 601,523 67
Total funded debt December 31,1911 (detail on another page) $41,269,055 01
The total amount charged to road and equipment on December 31, 1911, was $03,527,985.12, as follows:
Amount charged against main line to December 31,1910 $48,184,503 07
There was charged for additions and betterments in 1911, as shown in detail on another page
Against capital account For road $123,406 53 For eqnipmeut 597,789 00 $721,195 53
Against income accouut (appropriated surplus) For equipment 87,277 02
$808,472 55 Less: Equipment replacement fund $32,194 36
Equipment trust installments 599,523 67 631,718 03 176,754 52
Total main line $48,361,257 59
Amount charged account leased lines to December 31, 191ft $16,622,525 25
There was charged for additions and lietteruients in 1911 against capital account for road, as shown in detail elsewhere -544,202 28
Total teased lines 17,166,727 53
(iranrt total $65,527,985 12
The Michigan Central Railroad Company
The double tube tunnel under the Detroit Uiver, unhiding interlocking system, electrical sub-stations and equipment, was fully completed in the early part of the year, and in its operation has met every expectation. The comings of the Detroit River Tunnel Company for the year were sufficient to defray maintenance and operating expenses, taxes, interest on bonds, ami to pay a dividend of two per cent on its capital stock, with a surplus of $L">9,152.:»3. Under date of May 10,1911, an agreement, supplemental to the lease of December 19,190o wa-made with the Detroit River Tunnel Company, whereby that company is now proceeding witli the construction of a passenger station, terminal yards and accommodations, in the City of Detroit, which facilities, when completed, will lie operate.) Iiy The Michigan Central Railroad Company. This company has agreed to guarantee the principal and interest on thirty million dollars of Detroit River Tunnel Company Terminal and Tunnel Oold Bonds bearing date May 1, 1911, as issued. There were issued and sold during the year fourteen millions of such bonds, bearing interest at the rate of 44 \ per annum.
In accordance with an agreement dated Apri l 13,1911, between the Chicago Milwaukee and St Paul Railway Company, Chicago and North Western Railway Company, The Michignu Central Railroad Company and The Lake Shore and Michigan Southern Railway Company, the two latter companies sold in equal proportions to the Chicago Milwaukee and St Paul Railway Company and the Chicago and North Western Railway Company, forty \*er cent of their entire holdings in the capital stock and a like interest in certain other obligations of the Indiana Harbor Belt Railroad Compauy. The Michigan Central Railroad Company, through this transaction disposed of 4,900 shares of the capital stock and $-l47,"i38.ti-"i of promissory notes of the Indiana Harbor Belt Railroad Company. The Lake Shore and Michigan Southern Railway Company and The Michigan < 'entrnl Railroad t 'ompany have guaranteed the principal and interest of an issue of $6,735,000.00 of bond* of the Indiana Harbor Belt Railroad Company. To the extent of twenty per cent each the Chicago Milwaukee and St Paul Railway Company and the Chicago and North Western Railway Company further agree to protect the guarantor1: of the Belt Company's bonds on their guaranty.
Under date of December 1, 1911, The Michigan Central Railroad Company, together with The New York Central and Hudson Rivet- Railmad Company, The Lake Shore ami Michigan Southern Railway Company and The Cleveland Cincinnati Chicago and St. Louis Railway ('ompany, became parties to an equipment trust agreement for the purpose of establishing tin-New York Central Lines Equipment Trust of 1912. Subsequently, the Chicago Indiana and Southern Railroad Company also became a party thereto. This agreement provides for an issue of $15,000,000 of equipment trust certificates bearing interest at four nod a half per cent per annum; being ninety percent of the total cost of the equipment to be furnished under the terms of said agreement. The certificate*are to be paid in fifteen annual installments of $1,000,000 each; the first installment being payable January 1, 1913. The cost of the equipment to be assigned to this company will lie approximately $2,.VJS,0<MI and the pro rata amount of certificates representing ninety per cent of the cost will be approximately *2,27.">,2GU Ful l particulars as to the character of the equipment to be acquired will be set forth in the report to the stockholders for 1912.
G
Annual Heport
SUMMARY OF-FINANCIAL OPEIUTIONS AbTEVTING INCOME
OPERATING INCOME 1011 1010 R,\l( . OPERATIONS i^l'-'Tii mUei operalt't ' . W J 9 miUi optraltd l.U,~ mills
Revenues #30,104,490 1C #29,694,815 71 #469,674 45 Expenses 20,710,231 18 21,628,906 20
NUT R E V E N U E F R u U R A I I , OPERATIONS #9,418,258 98 #8,065,909 45 $1,352,349 53
1'crwiiliujc of A l p r w j K - J i / « rerrafie (68-78*) <72'84#) Ot 'TSlI>E OPERATIONS
Revenues +008,29* 2* #513,636 69 #64,657 55 Expenses 599,383 38 599,951 82
N E T REVENI'E FROM OUTSIDE OPERATIONS $8,903 80 #65,223 99 N E T DEFICIT F R O M OUTSIDE OPERATIONS*
$8,903 80 #56,316 13
#65,223 99
NET R E V E N U E PROM A L L OPERATIONS $9,427,107 84 #8,009,594 32 #1,417,573 52 TANKS ACCRI'EO 1,322,620 82 1,357,019 92
OPERATING INCOME $3,104,547 02 #6,652,574 40 81,461,972 62
O T H E R INCOME
Joint facilities rents •236,403 38 #229,289 51 $7,113 87 Miscellaneous rent* 3,259 77 2,676 02 583 75 Dividends on stocks owned or controlled 347,241 50 287,211 50 60,000 00 Interest on funded debt owned 46,880 0(1 46,880 00
60,000 00
Interest on other securities, loans and accounts 525,154 01 440,969 02 81,181 99 Miscellaneous income 12,018 S3 S6.623 87
T O T A L O T H E R INCOME #1,170,9.57 09 $1,083,678 82 $77,277 17
«B08S CORPORATE INCOME $9,275,501 11 87,746,254 32 #1,529,249 79
DEDUCTIONS FROM GROSS CORPORATE INCOME
Rentals of leased lines #1,605,443 67 #5S5,310 00 $1,020,133 67 Equipment reserve 599,523 67 599,523 67 Hire of equipment 603,736 44 1.073,963 18
599,523 67
Interest on equipment trust certificates 307,716 93 261,523 99 106,192 94 Joint facilities rents 683,59] 98 620,568 83 Miscellaneous rents 6,816 35 6,069 24 747 11 Interest on funded'debt 2,543,998 88 2,535,398 33 8,000 55 Other interest 624,464 64 716,367 95 Other deductions 174,887 13 199,701 96
T . i T A I . ( i f : l > l T T I i ) K S m y * (SKOSS COKT'OKATK ISCOMK 87,159,139 69 #6,028,923 48 #1,130,216 21
N E T CORPORATE INCOME #2,116,364 42 #1,717,330 84 $399,033 08 DIVIDENDS, T W O , AGGREGATIIH] 6 < f 1,124,280 00 1,124,280 00 •
$399,033 08
SURPLUS #992,084 42 #593,050 Si $399,033 58
Additional equipment -On account 1910 proportion of New York
Central Lines 190" and 191U equipment trusts $250,000 00
B A L A N C E T O PROFIT A N D LOSS #992,084 4̂ ? $343,050 84 $649,033 58
A M O U N T T O CREDIT OF PROFIT AND LOSS (FREE SURPLUS) ILKCKMHER 31, 1910 B A L A N C E TO PRO PIT AND LOSS FOB VEAR 1911
A oo T o increase ledger value Indian* Harbor Belt Ra i l rand' Company's stock to par Prom r & . W V l i y a n d C M & S t P B y account proportion THH deficit to. December 31, 1910 Proceeds sale of Toledo property Adjustment sundry items
D E D U C T For abandoned property Balance 10% payments account (rust equipment ot 1910 Exchange on French notes
HA LANCE TO CREDIT 01' PROFIT AND LOSS (FREE SURPLUS) DECEMBER 31, 1911
#1.224,998 00 122,961 09 21,079 54 54.375 57
#105,054 42 83,356 70 50,980 12
Dec i-ca*B
$882,675 08
$566 44
$34,399 10
#74,605 44
#421,246 74
37,016 85
121,903 31 24,811 83
#250,000 00
#9,051,952 II 992,094 42
$I0,044,036~53
1,423,414 20 $11,467,450 73
230,391 24
$11,228,059 49
7
The Michigan Central Railroad Company
The total operating revenues were $30,104,490.16, an increase of J4ft9.674.45 as compared with the previous year.
The freight revenue was $19,538,684.00, an increase of $256,395.55. This was due to the
increased movement of flour, fruit, dressed meats coke, stone and miscellaneous commodities
The passenger revenue was $7,607,051.96, an increase of $202,576.30 duo to increased train
service and general improvement in excursion travel and local business
The express revonue was $1,478,449.15, a decrease of $41,500.52 compared with the previous year.
The revenue from the transportation of mails was $411,700.35, a decrease of $19,924.77. This is an apparent decrease only, due to the fact that mail revenues for 1910 were over estimated in advance of actual figures received too late to revise the 1910 statements.
The operating revenue from all other sources increased $72,127.89 over the previous year.
The total expenses of operation were $20,740,231.18, a decrease of $882,675.0S, as per detail on following pages. By groups and principal fluctuations they were as follows:
Maintenance of way and structures $3,549,204.67, a decrease of $486,056.11, caused principally by reduction in outlay for stone ballasting, fencing, crossing gates e b \ , fewer bridges and buildings needing replacement, less snow and ice to contend with, and a considerable reduction in force.
Maintenance of equipment $3,800,772.34, a decrease of $323,593.26, caused principally
by reduced charges for repairs.
Traffic expenses $783,599.14, a decrease of $98,551.94, due principally to decreased charges account of fast freight lines through a different method of treating deficit account Merchants Despatch Transportation Company and large reduction in cost of tariffs included in stationery and printing.
Transportation expenses $12,049,103.34, au increase of $25,514.19 notwithstanding the discontinuance of operation of the Detroit River ferry l>oats, and is largely due to increased train mileage, cost of fuel and increased pay of train and engine crews.
General expenses $563,551.69, an increase of $12.04.
There was an increase in the revenue from outside operations of $65,223.99 over the
previous year derived principally from dining car service and operation of stock yards and
restaurants.
The operating income was $8,104,547.02, an increase of $1,451,972.62.
8
Annual Report
Other income was $1,170,957.09, an increase of $77,277.17, of which $60,000.00 was due Jo additional amounts received from interest and dividends on securities, $84,184.99 to additional interest on notes, loans, etc. aud $7,697.62 to rentals, partially offset by a decrease of $73,303.61 in profit on trust equipment material.
Deductions from income amounted to $7,159,139.69, an increase of $1,130,216.21. The principal fluctuations were an increase of $1,001,383.67 due to rental of the Detroit River Tunnel, an increase of $599,523.67 due to a charge against income of an amount equivalent to the installments on account of the 1907 and 1910 equipment trusts, an increase of $106,192.94 in interest on equipment, trust certificates, a decrease of $421,246.74 in hire of equipment and a decrease of $121,903.31 in general interest.
The profit from operation for the year, after payment of six per cent in dividends upon the capital stock was $992,084.42, which has been carried to the credit of profit and loss.
The credits to retired equipment account during the year amounted to $407,093 00
The charges against this account for cost of new equipment aud bettermeuts were as follows:
10 locomotives $209,628 40 8 steel postal cars 93,295 83 3 cafe coaches 23,455 60 i interest in joint equipment consisting of 1 first class
coach and 2 smoking and baggage ears 7,870 91 19 caboose cars 18,107 60 Miscellaneous charges covering United States duty on
six Canada Southern engines and application of
sundry betterments to equipment •* 22,540 30 374,898 64
< Credit balance December 31, 1911 $32,194 36
The followiug appointments of officials were made during the year:
January 1, Louis W . Landman, General Passenger Agent, succeeding Oliver W- Ruggles, transferred.
March 20, Sydney B. Wight, General Purchasing Agent. u
Apri l 1, Frank V . Whiting, General Claims Attorney, New York. May 1, John W. Daly, Passenger Traffic Manager, succeeding Warren J . Lynch, resigned.
.September 1, Herman M . Griggs and John B . Nesslc were appointed General Coal and Ore Agents.
Appreciative acknowledgment is made of the faithful, efficient performance, of duty by employees in every department of the service during the year.
WILLI Air C. BROWN, President
0
The Mivhlt/iin Central HaHrond Coil/pain/
DETAIL OF OPERATING REVENUES TRANSPORTATION
1011 11110 Incr^ew |!"( -
•19,538,684 M •19,28_',2KS 4.". •256,3!i3 S3 Passenger 7,«o7,05l 90 7,404,475 GO 202.57G 38 F J O W baggage 06,155 31 99,202 53 •3,047 22 M i l l 411,700 55 431,62-1 32 19,924 77 Express 1,178,449 I.", 1,319,949 67 41,500 52 Milk (on passenger trains) pfjm 37 29,161 35 8/91 »2 Other passenger train 92,611 99 40,278 09 52,333 90 Switching 505,005 90 5i:;,06o sii 4<i,945 GO Special service train 10,400 01 10,963 562 80 Miscellaneous transportation 37,451 31 41,1** 52 3,737 SI
Totals •29.«72,fifl0 19 $29,372,193 39 • 1500,372 70
OTHER T H A N TRANSPORTATION Station and train privileges $18,043 74 •16,298 29 IH.747 15 Parcel room receipts 9,881 75 9.630 10 •154 65 Storage—freight 30,383 46 26,353 40 4,06 Storage—baggage 5,798 7K 5,1*1 (2 197 36 Car service 118,382 ItS 157,229 4U 3 M H 53 Telegraph and lelephoue service 1,406 04 1,217 04 1MI 0-1 Rent* of buildings and other properly 73,738 96 83,092 38 9,353 10 Miscellaneous 24,303 37 13,510 99 10,795 38 Joint facilities revenue—Dr. 149 43 U'O 00 2!! 45 Joiut facilities revenue—Cr. 10,332 49 9,603 02 729 47
Totals •51)1,924 01 •322.622 32 " •30,698 »i
TOTAL OPERATING REVENI'KJ> •30,101,4110 16 •29.694,81s 71 •169,074 45
EXPENSES IN DETAIL •
(RAIL OPERATIONS) MAINTENANCE OF W A Y A N D STRUCTURES
1UI 1 1910 I ii err n»« l>eriva**
Superintendence 1183,744 6; |169,957 03 •6,112 36 Ballast 33.557 46 133.796 26 100,540 60 Tie* 829,355 M 677,718 83 •151,836 68 Bails 21S.6SS 64 122,301 74 90.5*i 90 Other track material 183,626 £6 261.739 16 78,112 A l Roadway and track 1,177,145 73 1,555,047 03 377.9HI :;o Removal of snow, saud and ica 40,074 06 95,7IS 5.S 55.013 92 Tunnel* 072 9S ' 672 98 Bridges, trestles aud culvert* 144.118 65 273,5*3 ; !« 129,131 69 Over and under grade crossings 54,325 65 3,214 13 51,111 52 Grade crossing*, fences, cattle guards, and signs S3,1H5 52 121,133 68 37,930 10 Snow and sand fences and snowsheda 94 3,093 50 1,287 56 Signals and interlocking plants 143,014 S3 101,009 nr 17,994 22 Telegraph and telephone lines. 29,449 13 1S.02S 81 11,420 32 Electric power transmission 307 26 307 56 Buildings, Sutures, and grounds 528.895 39 284,177 56 ."•3.282 IT Docks and wharves 17,642 IS 7/.S9 II 9.953 21 Koadwaj tools and supplies ItjftM 33 86,474 07 42.663 71 Injuries to persons 6,59" 85 1.371 95 5,218 93 Stattonory and printing ' fi,520 B7 6,76" 02 507 45 Other axpensea 087 09 349 32' 1,036 41 Maintaining joint hacks, yards, )
22,110 30 aud oUier facilities— Dr. f 209,594 02 lf-7,4.S3 72 22,110 30 Maintaining Joint tracks, yards, )
150,202 0(1 08,470 83 and other facilities—Cr. ) 87,731 17 150,202 0(1 08,470 83
Totals •3,340,204 07 •4,035,560 78 •180.056 II
1 0
Annual Report
EXPENSES IN DETAIL (RAIL OPERATIONS) continued M A I N T E N A N C E O F E Q U I P M E N T
1011 i m o Increase Decrea*« S11 p er i n 1 e Q J e n CP $135,355 43 #133,802 03 $1,753 40 Steam locomotives—repairs 1,2*4,485 00 1,410,157 76 $125,072 10 Steam locomotives—renewals 99,800 00 132,988 00 33,188 00 Electric locomotives—repairs 1,023 60 1,023 60 Passenger-train cars—repairs -'13,831 18 254,876 07 11,014 59 Passenger-train cars—renewals 20,121 99 12,500 00 7,624 99 Freight-train ears—repairs 1,747,114 29 1,909,333 87 162,219 58 Freight-train cars—renewals 140,676 96 109,401 88 31,272 08 Floating equipment—repairs 8,377 91 8,377 91 Work equipment— repairs 29,487 37 43,326 25 13,838 8 8
Work equipment—renewals 16,000 00 21,606 00 5,506 00 Shop machinery and tools 57,235 66 73,472 39 16,236 73
Injuries to persons 3,680 *7 1,492 49 4,1$$ 38 Stationery and printing 7,420 11 8,2S2 15 803 01 Other oxpenses 10.307 07 321 18 9,984 89 Maintaining joint equipment at terminals—Dr. 3,032 43 3,500 02 417 57 Maintaining joint equipment a t terminals—Cr.
Totals $3,800,772 34 $4,124,365 60 $323,393- 26
T R A F F I C E X P E N S E S
Superintendence $209,706 98 $205,831 11 $3,875 87 Outside agencies 146,764 30 149,831 62 $3,067 32 Advert is ing 80,360 62 73,585 97 6,771 65 Traffic associations 23,917 04 24,561 62 641 58 Fast freight lines 210,971 92 317,608 29 76,633 37 Industrial and immigration hureatis 4,218 11 5,305 95 1,287 84 Stationery and printing 74.222 92 105,170 16 30,947 21
Other expenses 3,434 26 56 36 3,377 89
Totals $783,599 14 $862,151 08 $98,551 94
T R A N S P O R T A T I O N E X P E N S E S
Superintendence $262,857 U7 $271,118 93 $8,261 86 Dispatching trains 94,671 66 94,338 03 $336 03 Station employees 1,046,880 45 1,985,881 32 38,991 S7 Weighing and car-service associations 7,590 14 12,275 44 4,685 30 Station supplies and expenses 147,608 69 147,458 36 130 23 Vardmasters and their clerks 224,348 60 237,611 52 13,262 92 Yard conductors and brakemen 801,845 2S S59.309 92 57,464 64 Yard switch and signal tenders 70,297 70 65,002 84 5,294 86 Yard supplies aud expenses 22,489 32 23,701 85 1,272 33 Yard euginemen 541,204 97 558,700 39 17,495 42 Enginchouse expenses -yard 87,08.. 82 65,562 4S 1,523 34 Fuel for yard locomotives 549,164 75 549,543 68 378 93
Water for yard locomotives 23,074 18 23,923 95 849 77 Lubricants for yard locomotives 10,762 11 10,266 00 476 11 Oilier supplies for yard locomotives 7,230 96 8,611 99 1,381 03 Opprating joint yards and terminals— Dr. 329,752 10 J13,766 80 15,985 30 Operating joint yards aud terminals—Or. 42,119 23 70,021 12 27,901 87 Motormen 6,140 75 6,440 75 Road euginemen 1,835,06!) 40 . 1,263,600 34 81,600 12 Enginchouse expenses-road 335,171 7.'. 324.844 50 10,330 25 Fuel for road locomotives 2,321,896 30 2,263,725 81 61,170 49 Water for road locomotives 99,992 97 103,052 74 3,059 77 Lubricants for road locomotives 48,628 01 46,597 96 2,030 65 Other supplies for road locomotives 27,267 77 28,793 65
2,030 65 1,525 88
Operating power plants 2,S20 14 2,820 14 Purchased power 8,082 08 8,082 08
Carried foritar'l $9,255,780 31 $9,2)5,053 95
11
The Michigan Central Railroad Company
EXPENSES IN DETAIL (RAIL OPERATIONS) concluded
TRANSPORTATION' E X P E N S E S
i n n 1*10 Iiierroa* i • • ••• - -• Ilrouyli I forward #9,263,786 31 #9,215,063 95
Road trainmen 1,430,118 67 1,397,774 27 #32,314 60
Train supplies and expenses 309,052 28 . 329,287 52 #19,333 24 Interlocks™, block and other signals—operation 124,971 72 121,507 37 3,461 33 Crossing flagmen and gatemen 90,219 44 91,819 22 4.599 78 Drawbridge operation 13,910 45 ir.,088 00 2,852 45 Clearing wre*ka 32,836 86 31,480 26 1,013 40 Telegraph and telephone—operation 89,160 88 84,116 21 4.344 67
Operating floating equipment 1,031 75 115,120 79 111,089 04
Stationery and printing 127,620 73 133,107 45 5,186 72
Other expenses 21,905 93 12,839 55 12,126 38 Loss and damage—freight 336,013 02 293,707 78 40,277 24
Loss and damage—baggage 1,023 77 2.955 60 1,068 17
Damage to property 21,029 35 31,113 89 13,3M 3*
Damage to stock on right of way 3,315 18 5,251 32 1,900 34
Injuries to persons 163,835 74 119,070 17 44,765 57
Operating joint tracks and facilities—Dr. 103,146 86 98,851 30 4,297 36 Operating joint tracks and facilities—Cr. 87,629 80 81,620 90 3,008 80
ToUls $12,019,103 31 #12,023,589 15 #23.514 19
G E N E R A L EXPENSES
Salaries and expenses of general officers Salaries and expenses of clerk* and attendants General office supplies and expenses Law expenses Insurance Pensions Stationery and printing Other expenses General administration joint tracks, yards 1
and terminals—Dr. i General administration joint tracks, yards >
aud terminals—Cr. (
Totals
#106,179 77 226,936 53
32,267 71 102,875 67 10,008 IS 14,447 87 23,601 II 13,729 41
1.195 44
#563,551 69
#109,412 51 217,373 37 27,229 73
113,921 59 8,334 03
38,291 11 31,225 01 10,706 36
1,025 II
13
#50.1,539 05
#9,583 10 5.037 98
1,654 15 6.136 40
170 33
43
#12 01
#3.232 7.
11,043 92
5,334 83 2,976 95
PERCENTAGE OP B A I L OPERATING EXPENSES TO R E V E N U E FROM RAIL OPERATIONS B Y GROUPS ! M ! I I0IO
Maintenance of way and structures 11*7; 13*39 Maintonanco of equipment 12-00 13-89 Trafflo expenses 2-60 2-97 Transportation expenses 3994 40*48 General expenses 1"87 1*90
Tot»U 68-78 ~72-84
12
Animal Report
OUTSIDE OP Eli AT IONS
1011 DINING CAR SERVICE
Expanses
Net deficit
GRAIN ELEVATORS Revenues Expenses
Net deficit
STOCK YARDS Revenues Expenses
Net revenue
$383,800 06 395,578 6?
$11,388 56
20,125 29
$11,111 97
$115,019 33 89,579 02
$25,110 31
1010
$318,108 79 401,126 35
$53,017 56
$7,985 59 21,728 00
$13,742 41
$88,312 24 82,292 31
$6,049 93
I n c r e a s e
$35,781 27
$372 56
$26,677 09 7,286 71
$19,390 38
Decrease
$5,847 73
$11,629 00
$1,975 27 1,602 71
RESTAURANTS Revenues Expenses
Net revenue
TOTAL HKVKNCR TOTAL DKKICIT
$103,374 53 94,402 45
$8,972 08
$8,908 86
$99,200 07 94,805 16
$4,394 91
$56,315 13
$4,174 4G
$1,577 17
$65,223 99
$402 71
ACCRUED TAXES
MICHIGAN CENTRAL SYSTEM ((NOLUDIXQ LEASED LINKS)
Smti> Of
Tcrrilorr
Michigan
Indiana Illinois
Ohio
Canada New York V. S. Government
Total s
On the value of real mid perianal projwtr
$1,007,550 45 95,375 41 51,342 05 11,684 16 51,882 41
1,901 36
$1,309,738 81
On «Lick*. bonds, loans.
$170 63
$170 63
On grou or in( earning*, revenue or dividend!
$1,005 28
$1,005 28
Internal Hi'vonue
V. S. (iov'I.
$11,706 07
$11,706 07
Total
$1,097,550 45 95,375 41 51,312 05 12,689 44 51,882 41 2,074 99
11,706 07
$1,322,620 82
The Michigan Central Railroad Company
DEDUCTIONS FROM INCOME Interest on funded debt
THIS COMPANY'S BONDS
Interest at 34% per annum on Michigan Central First mortgage bonds $490,000 00 Interest at 4 % per annum on Grand River Val ley F i rs t mortgage bonds 60,1 mo 00 Interest at 5 % per annum on Detroit & Bay City First mortgage bonds 200,000 00 Interest at 5 % per annum on Kalamazoo & South Haven Fi rs t mortgage
bonds 35,000 00 Interest at 4 % per annum on Michigan A i r Line F i rs t mortgage bonds 104,000 00 Interest at 34% per annum on Jackson, Lans ing & Saginaw Fi rs t mortgage
bonds 60,3os ss Interest at 4 % per annum on Joliet & Northern Indiana First mortgage
bonds 60,000 00
Interest at 4 % per annum on Gold Debentures 30->,3G<i 00 $l,3l4,fitw *8
LEASED LINE BONDS
In teres ta t3% per annum on Bay City & Battle Creek Fi rs t mortgage bonds $7,500 00 Interest at 3% per annum on Battle Creek & Sturgis F i r s t mortgage bonds 12.630 00 Interest at 6% per annum ou Cauada Southern F i rs t mortgage bonds 840,000 00 Interest at 5% per annum ou Cauada Southern Second mortgage bonds 300,000 00 Interest at 4% per annum on Leamington and St. Clair mortgage bonds 5,200 00 Interest at 4% per annum on Toledo, Canada Southern and Detroit First
mortgage bonds 64,000 00 1,229,330 00
Total interest on funded debt $2,54:1,998 8s
Rentals of leased lines Jackson, Lans ing & Saginaw rental, 3A% on $2,000,00(1 capital stock $70,000 00 Jackson, Lans ing & Saginaw expenses, fixed amount 750 00 Grand River Va l ley rental, ."»% on $491,201) capital stock 24.5G0 00 Joliet & Northern Indiana rental, 5% on $300,000 capital stock 15,000 00 Canada Southern rental, 3% »n $15,000,000 capital stock 450,000 00 St. Joseph, South Bend aud Southern rental, fixed amount 20,000 00 Benton Harbor Extension, etc., rental, fixed amount 5,000 00 Detroit River Tunnel rental, tolls 1,001,383 67 Detroit Manufacturers' rental, fixed amount 15.000 on Lansing Manufacturers' rental, fixed amount 3.7"'" Qo 1,605.443 G7
Other deductions Equipment reserve $599,523 67 Hire of equipment car mileage aud per diem balances (i52,73<» 44 Interest on equipment trust certificates 367.716 93 Joint facilities rents 583,551 9S Miscellaneous rents t>,SU> 35 Other interest 624,464 64 Deficit from operation Detroit Terminal Railroad 73,733 09 Deficit from operation Merchants Despatch Transportation Co. 101,154 04 3,009,697 14
Total deductions $7,159,139 69
DIVIDENDS
Payable Ju ly 29, 1911, 3% op 187,380 shares of capital stock $562,140 00 Payable January 29, 1912, 3% on 187.380 shares of capital stock 062,140 00
Total i f i " $1,124,280 00
14
Annual Report
DETAIL OF EXPENDITURES FOR ADDITIONS AND BETTERMENTS
MICHIGAN CENTRAL RAILROAD —MAIN LINE
Yards ami sidings
Miscellaneous industrial and yard tracks $43,313 13
Motions aud othn- xtrtatnrcs
Engine linu>e, Kalamazoo Freight house, Kalamazoo Stock yard improvements, Detroit Engine house and facilities, Jackson Terminal station, Detroit, (proportional cost of express rooms
etc., on Michigan Central property)
$13,978 13 12,408 35 21,791 80 10,054 90
81.322 18 139,555 30
Hoitdwui/
Increased weight of rail Signals, interloekers, etc.
Shop machinery and tools
Less sundry credits Grade separation. Detroit Land sold Telephone lines Miscellaneous
$32,201 91 5,878 85
$55,552 69 32,927 69 16,355 32 3.127 14
38,080 76
10,420 12 $231,369 37
107.962 84
$123,406 53
.Wir equipment
Trust equipment delivered and paid for in 1911 $685,066 02 Installments paid, equipment trusts credit $599,523 67 Equipment replacement fuud—credit balance 32,194 36 631,718 03 53,347 99
Total Main Line $176,754 52
The Michigan Central Railroad Company
DETAIL OF EXPENDITURES FOR ADDITIONS AND BETTERMENTS {continued) LEASED AND PROPRIETARY LINES
Canada Southern Railway
Stations and other structures
Passenger station, Windsor, balance $19,688 39 Drawbridge, Welland, on account 196,553 0 2 Drawbridge, Montrnac, on account 3,7G0 7 0 Cantilever bridge approach, Niagara Fa l l* , on
account 41,774 11 Ross St. and First Ave. subways, St Thomas,
on account 4,909 7-+ Engine house, St Thomas, on account 24,494 48 Stock pens, Montrose "844 84 Miscellaneous structures 5,749 49 $304,774 77
Roadway
New yards, Windsor , on account $9,153 1G Telephone line, Detroit and St Thomas, on
account 2,853 04 L a n d 2,582 24 Improved drainage 5,378 46 Miscellaneous industrial and yard tracks, eft*. 7,031 2'. 26.998 75
Shop machinery and tools 6,898 89
$338,672 41
Less property abandoned, principally in reconstruction of yards at Windsor 63,734 78 $274,937 63
Detroit and Bay City Railroad
Yards and Sidings
Miscellaneous industrial and yard tracks, etc. $14,325 45
Roadway Land W73 40 Grade separation 35,384 49 Interlocked Gratiot A v e , etc. 1,322 29 Telegraph and telephoue l iues-cred i t 7,462 25 30,217 99 44,543 44
Joliet and Northern Indiana Railroad
Stations mid other strurtmes Elevator improvements, Matteson
Rwdicay
Grade separation, Joliet, mi account Increased weight of rai l Miscellaneous roadway
Carried forward
$98,637 Of. 1.247 30 3,139 6 0
$17 ,500 0 0
103,023 96 120,523 96
$440,005 03
Ill
Animal Report
DETAIL OF EXPENDITURES FOR ADDITIONS AND BETTERMENTS (concluded) LEASED AND PROPRIETARY LINKS [continual)
Brought forward $440,005 03
Toledo, Canada Southern and Detroit Iiailimy Yards and 8idings
Hold-for-order yard. River Rouge, balance $10,153 47 New yard, North Toledo, balance 9,006 79 Miscellaneous industrial aud yard tracks 6,317 44 $23,477 70
•Stations and other strurtm-fs Coaling station. River Rouge, on aeeonnt $4,845 77 Miscellaneous 5,139 22 9.984 99
frond tra if Land $5,000 95 Overhead crossings. Toledo, ou account 2,953 54 Grade separation, Post S t , Toledo, on accmut 3,395 23 Miscellaneous 831 58 Telegraph and telephone lines—credit 3.395 07 8,785 73 44,246 42
Jackson, Lansing and Saginaw Railroad stations and other structures
Pninping station, Sailings Passenger house. I^aingsburg, on account Intake pipe. I'iueonning. on account Miscellaneous
Itoudiraif Land Increased weight of rail Telephone lines
$2,967 88 2,152 08 2,164 60
969 75
$125 60 2,033 28 2.113 16
$8,254 31
4,272 04
Yards and sidings Winona Yard. West Bay City, on accoimt Sidings, logging branches, etc.
$19,465 48 10,910 13 30,375 fil 42,901 96
Other Isas'd IJuea
Miscellaneous improvements 17,046 87
Total Leaned ami Proprietary Line* $544,202 28
.Summary Michigan Central Railroad—Main Line Leased aud Proprietary Lines
Total
$176,754 52 544,202 28
*720,956 80
17
The Mfckif/av Ventral Railroad Company
N E W Y O R K C E N T R A L L f N E S E Q U I P M E N T T R U S T S
Tho following statements show the character of the equipment acquired under the terms of the
New York Central Lines Equipment Trust Agroomcntsand Leases of 1!)07 and mm, together with the
total amount of certificates issued and the amounts now outstanding.
EQUIPMENT TRUST OF 1007
ROAD Lixomoti>-»* Can C m fame* Can
for 9n i-r .•«i.t o* ia)<i* bortnc in-
IMrtt al S*
rertifrite
N Y C & H R R R 447 88 4,000 $11,904,901 73 $3,174,640 48
L S ft M S R Y 125 25 4,000 200 6,708,392 73 1,788,904 72
C I & S R R <j S 3,400 150 3,779,976 60 1,007,993 76
M 0 R R 5 15 3,500 200 3,906,331 73 1,041,701 SO
C C C & S T L R Y 112 17 1,525 100 3,7<Xi,347 16 986,759 24
TOTALS 691 153 16,425 650 $30,000,000 00 $8,000,000 00
lUlam-o CMflStMM " • . I . U b O IW.II . Nil
$8,730,261 30
4,919,488 01
2,771,982 84
2,864.679 93
2,713,587 92
EQUIPMENT TRUST OP 1910
N Y C A H E R H
L S & M S R Y
C I & S R R
M C R R C C C ft ST L R Y
TOTALS
127
100
31
87
so
30 4,000
60 12,500
2 1,000
34 3,300
6 1,600
h n k i
250
CaitirlfAUi IuuikI for W MI 0«nt of vhIud Waring In- C.-rllfl.*nti« BalMM Csrliftcimn
Out Mat"! I >U Ow. 31, mil
$6,509,466 30 $433,964 42 $6,075,501 8S
13,771,005 60 1,638,607 50 5,086,473 30 2,994,387 80
918.071 04 12.S52.994 56
109.240 50 1.529.367 ou
339,098 22 4.747,375 08
199,625 82 2,794,761 48
425 132 22,400 250 $30,000,000 00 $2,000,000 00 $28,000.000 00
L8
Annual Report
CONDENSED GENERAL BALANCE SHEET, DECEMBER 31, 1011
Assets
I'mptrty farfniuieul Htxul tin<l equipment
Investment to June 30, 1007
; -v- . ' - ; .n i i since June 30, 1007
JBMKI Michlgau Central Railroad $1,303,520 54 Lea-ed and proprietary line. 2,050,584 26 $4,251,104 80
Kquipmrnt Michigan Ctntml Railroad $2,480,216 53 Tniat equipment 9,995,981 46
912,176,197 91 r>ftffJ -
Equipment replacement fund $32,194 36 „ „ „ „ , „ T r o « i n « a l l m e n t 9 599.523 67 631,718 03 11,844,479 96 15,098,564 ,0
Total cost of road and equipment $65,527,985 12
Seeurilie* Securities of proprietary. affiliated and controlled companies
Pledged, Canada Southern Railway Company—stock Unpledged
$5,441,000 00 1.605,192 50 7,030,192 50
Other tmrtttmcttU Advances to proprietary, affiliated and controlled companies
for construction, equipment and betterment* Detroit Terminal Railroad Compauy
Miwellaneoua investments Physical property Securities—uupledped
Total property owned a* investment
$100,698 68
485,650 45 2,334,627 00 2,920,876 13
$75,488,053 75
Working amet* Caah Michigan Central Railroad stock Marketable hecurities Net traffic, car mileage and per diem balance Net balance due from agents and conductor* Miacellaneous aceount* receivable Materials and supplies
$3,311,257 02 1,600 00
18,130 28 184,110 97
1,818,608 9K 1,331,555 16 2,531,251 35 0,196,516 76
Jeerierl iaccmt not due Unmatured interest, dividends and reuta receivable
Jtrferred rt(*t( Advances
Chicago, Indiana aud Southern Railroad Indiana Harbor Belt Railroad Toledo Terminal Railroad Toronto, Hamilton and Buffalo Railway
Working funds Other deferred debit item"
258,618 65
$315,000 00 671,307 96 81,000 00 41,644 64 ' $1,138,952 60
53,960 25
53,268 54 1,246,181 39
$86,189,370 65
19
The Michigan Central Railroad Company
CONDENSED GENERAL BALANCE SHEET, DECEMBER 31, 1011
Liabilities
Slock ' Capital "took—common •18.738.OO0 00
Mortgage, bonded and mured debt
Funded debt Mortgage Bonds
Michigan Central first mortgage Graud River Valley first mortgage Detroit & Bay City first mortgage Kalamazoo & South Haven first. mortgap,e Michigan Air Line first mortgage Jackson, Lansing and Saginaw first mortgage Joliet & Northern Indiana first mortgage
Plain bond?, debentures and notes Gold debentures Equipment trust certificates, 190" Equipment trust certificates, 1910
Total capitalization
•14,000,000 00 1,800,000 00 4,000,000 0"
700,000 OH 2,600,000 00 1,723,000 00 1,300,000 00
7,034,000 00 2,804,679 93 4,747,373 08 41,269,035 01
#811,007,055 01
Working liabilities
Loans and bills payable Audited vouchers and wages unpaid Miscellaneous accounts payable Matured dividends, interest aud rents unpaid Matured mortgage, bonded aud secured debl unpaid Other working liabilities
84,500,000 00 3,582,CG4 34
283,<O0 12 !2,S77 5(» 2,000 00
595,433 31 9,01)0,395 30
Accrued Mobilities not due Unmatured interest, dividends aud rents payable 1.096,349 36
Deferred credit item
Operating reserves Reserves for replacement of property
Other deferred credit items
$635,020 92 400,367 33 1,093.3*8
Appropriated surplus
Additions to property through income since June 30, l!>07 3,756,12:! 14
Froe Surplus
Profit and loss—balance 11,228,030 10
$90,189,37" 55
20
Annual Report
STOCK AND BONDS OWNED OR ACQUIRED UNDER LEASE
Stock Shore*
Battle Creek & Sturgis Ry Co. 4175 Bay City & Battle Creek Ry Co. 3000 Buchanan & St- Joseph River R R Co. 200 Canada Southern Railway Co. 78100 Chicago, Indiana & Southern R R Co. 30000 Chicago, Kalamazoo & Saginaw Ry Co. 2700 Clifton Hotel Co Ltd 150 Detroit & Bay City R R Co. 8000 Detroit & Charlevoix R R Co. 5203 Detroit Belt Line It R 1000 Detroit, Delray & Dearborn R R Co. 35 Detroit Manufacturers' R R 1280 Detroit River Tunnel Co. 30000 Detroit Terminal R R Co. 932 Detroit, Toledo & Milwaukee R R Co. 7500 Grand River Valley R R Co. 1569 Indiana Harbor Belt R R Co. 7350 Jackson, Lansing & Saginaw R R Co. 6743 Joliet & Northern Indiana R R Co. 3000 Kalamazoo & South Haven R R Co. 2575 Lansing Transit Railway Co. 10 Mackinac Transportation Co. 8663 Michigan Ai r Line R R Co. 6685* Toledo Terminal Railroad Co. 4800 Toronto, Hamilton & Buffalo Ry Co. 4464 Miscellaneous
Tot-si par value of >tock
P»r Vnlu* $417,500 00
300,000 00 20,000 00
7,810,000 00 3,000,000 00
270,000 00 15,000 00
600,000 00 520,300 00 1O0/100 00
3,500 00 128,000 00
3,000,000 00 93,200 00
750,000 00 156,900 00 735,000 00 674,300 00 300,000 00 257,500 00
1,000 00 21.666 67
334,262 50 480,000 00 446,400 00
62,700 00
$20,497,229 17
Bonds Battle Creek & Sturgis Ry Co. Bay City & Battle Creek By Co. Chicago, Kalamazoo & Saginaw Ry Co. Torouto, Hamilton & Buffalo Rv Co.
$24,000 00 48,000 00
761,000 00 357,000 00
Total par value of IHHMIK $1,190,000 00
The securities owned by this company are carried on its books at a total value of $9,393,449.7°,
CAPITALIZATION
Capital stock
Number of shares authorized Number of shares issued and )
outstanding j Par value per share
187,380
187,380
$100 00
Total par value authorized $18,738,000 00 Total par value issued and out-) t l fl r , f l m „ An
standing . } $18,738,000 00
Amount of capital stock per mile of road owned (270*07 miles) $69,382.00
21
The Michigan Central Railroad Company
OA VITA LIZA riON (concluded)
Funded debt
Now -UndkHf
Miohigau Central First mortgage
Gold Debentures Grand River Valley
First mortgage
1902 May 1, 1952
D moHgtge n y ° i t y F ! r S L J 1 8 8 1 March 1, 1931 K i ~ & ^ H a V C n I l « November «. 1939
$18,1100.000 $14,000,000 00
j 1909 Apr i l 1, 1929 25,000,000 7,084,001. (Hi
j 1910 September 1, 1959 4,500,000 1,000,000 00
4.000,000 4,000,000 00
700,000 70(1,000 00
H n ^ f l ^ f i ; i n - F l l l r t ( 1890 January 1, 1940 2,000,000 2,000,000 00 J ^ i S ^ r t 5 ^ » 1 9 0 1 S ^ t o m b e r * ' 1 9 5 1 2 • 0 0 0 ' 0 0 0 • J.723,W0 0o Joliet and Northern In
diana First mortgage / Equipment Trust
Certificates, 1907 Equipment Trust
Certificates, 1910 Total amount of funded debt
1907 July 10, 1957 3,000,000 1,500,000 00
' 1907 November I, 1922 3,906,382 2,804,079 93
\ 1910 January 1, 1923 5.080,473 4,747,375 08
Hale »f
*\%
4 %
% 5 %
4 %
4 %
alt* att th« Br»f '. - j . nt
I May and \ November 1 April and J October / March and
iSeptember March, Juaa,
• Seplembar and ' Keeember
May and November
• Jauusrv aud July
' March aud J September ( January and \ July 10th
May and November
\ January and } J i l l y
$41,209,055 01 • 271,000 pnrchaMd Mid i«tind hr tbe Lnad Or»ni T n w l w i
Amount of funded debt per mile of road
Michigan Central Railroad Grand River Valley Railroad Detroit and Bay City Railroad Kalamazoo and South Haven Railroad Michigan Ai r Line Railroad Jackson, Lansing and Saginaw Railroad Joliet and Northern Indiana Railroad
Tiea$Hwt Grand Central Terminal, Keif York
$29,240,055 01 1,500,000 00 4,000,000 00
700,000 00 . 2,000,000 00
1,723,000 00 1,500,000 00
•41,269,055 01
- \ : . l < Kill* of .• •. 1
27007 •116V.11 S379 17,902
109-80 23,557 39-50 17,722
115-10 22.577 37007 4.650
• 4500 33,333
1,093-39 $37,744
Guaranty Traiil Company *\Vie York
Union Trust Company of Neic York
Transfers stock and pays dividends uu stock Transfers and pays interest on registered bonds Pays coupons from gold debentures of 1909 Pays coupons from Detroit Terminal and Tuuuel ImiihI Pays coupons from Michigan Central ±% bond* due
1959, secured by mortgage on the (fraud River Valley Railroad
.Pays coupons from Michigan Central first mortgage bonds and bonds due 1951, secured by mortgage im the Jackson, Lansiug & .Saginaw Railroad
Pays "coupons from Michigan Central ±% bonds duo 1957, secured" bv first mortgage on Joliet and Northern Indiana Railroad
*P*ya interest on equipment trnst certificates
Pays coupons from all other issue of bonds
Annual Report
TABLE OF TRACKS
I»M til till
MAIN LIKE Kensington to Detroit
PROPRIETARY LINES
Battle Creek & Storgis Railway Bay Citv & Battle Creek Railway Detroit A Bay Citv Railroad Detroit Belt L i n e Railroad Detroit, Delray & Dearborn Railroad Detroit, Toledo & Milwaukee Railroad Joliet & Northern Iudiaua Railroad
B R A N C H E S
Ou Detroit & Bay City Railroad
Total proprietary lines
M i l . . Second tr«*k T b l n l total PouUb truck 8ldi»«« T o U l
27007 27007 5*71 5*71 30932 92088
3:1 80 18 00
10746 4 39 5-76
66 56 45-00
62-34
34331
7-60
369 1049 6079 1776
1-79 10-45 2839
3749 28-49
175-85 22-15
7-55 7701 7339
44-67 107*01
760 178*03 528*94
- L E A S E D LINES Beuton Harbor Extension 163 .95 2-58 Canada Southern Railway (iu Cauada) 22618 22618 165*97 61S-33 Canada Southern Bridge Compauy 2-50 1 65 4 15 Detroit River Tunnel 242 2 42 484 Detroit Manufacturers 'Railroad 1-51 2-03 3-54 Grand R i v e r Va l ley Railroad 83*79 20 71 104 50 Jackson. L a using A Saginaw Railroad 296 35 4 02 297*5 396*12 Kalamazoo A Sourh Haven Railroad 39 50 6 96 46 46 Michigan A i r Line Railroad 11516 4ft 11 l f i i a ? St. Clair A Western Railroad 14-78 149 11V27 St Joseph, South Bend A Southern Railroad 40-20 7 25 47-45
, i , w » v 343 106-17 164-70 Toledo, Canada Southern & Detroit Railway
Total leased lines 8 7 9 T 2 23605 6-77*24 1,772-41
b RANCHES Canada Southern Railway {in Canada) O n Jackson. Lans ing & Saginaw Railroad Toledo, Canada Southern A Detroit |
Railway (
Total hraurhrs
Total leased lines and branches
Total main line, proprietary and ( leased lines f
Carried formtrd
153-86 73-72
350
16-86 44-62 21534 91-20 164-92
913 12*63
231-08 16 86 144-95 392 89
1,110*20 252-91 802-19 2,165-30
1,723-58 530-58 5*71 571 1,349-54 3,61512
1,723 58 530-58 571 3*71 1,349*54 3,61512
23
The Michigan Central Railroad Company
TABU!: OF TRACKS (Cow/adcd)
TeKnt lou
Brought forward L I N E S O P E R A T E D U N D E R
T R A C K A G E RIGHTS : Illinois Central Railroad, Kensington \
to Chicago Grand Trunk Railway, Bridgeourg to }
Black Rock J
Grand Trunk Railway, at Battle Creek J Indiana Harbor Bel t Railroad, Calumet)
Park to Union Stook Yards j Lake Shore & Michigan Southern Ry. /
Wagon "Works to Toledo \ Lake Shore & Michigau Southern Ry . /
South Bend to SS&S Junction \ Chicago, Indiana & Southern Railroad /
South Bend to SS&S Junction \ London & Port Stanley Railway, S t /
Thomas to London \ New Y o r k Central & Hudson River )
Railroad, Suspension Bridge to !-Buffalo \
Total lines operated under trackage rights
Grand total, all lines operated
UUM Satond track Tbinltrtub l'burtklm-k 8M1B|M 1.723-58 530-58
1400
110
•28
3002
6-31
•72
1-88
14-09
14-00
•34
3 0 - 0 2
23-84
1 5-71 1,34954 3,61512
28-00
1-53
•28
00-04
6-31
•72
IHS
14 99
47-68
161-38
1,816-76 598-78 571 571 1,349-54 3,776-50
Recapitulation according to States
Michigan Illinois Indiana Ohio New Y o r k Canada
M I L E S O P E R A T E D F O R Passenger and freight service Passenger service only Freight service only
221-00 607
4300
27007
prtrUrt line*
29831 2900 1600
linn
696-58
2034 11-79
3 8 1 - 4 9
27007 34331 1.110-20
32105 1,094-67
22-26 15-53
•23 44 02
2-60 0 31
2471 15 31
3410 26-44 32-64
T-Wal
1,216*12 7909 81-94 18-10 24-71
396*80
93 18 1.81676
1,719-89 26*44 70-43
270-07 343-31 1,110-20 93-18 1,816-76
24
Annual Report
MILKAOK STATISTICS
LOCOMOTIVE M I L E A G E
R E V E N U E 8ERVICE Freight Ioconiotivti-miles Passenger locomotive-miles Mixed locomotive-miles Special lo<-oninlive-miles Switching locomotive-miles
191 1
K,l96,S18 0,020,226
493,750 26,535
5,381,356
1*10
8,362,722 6,595,574
437,292 11,422
5,072,637
24,052 30,138 15,133
165,904
.',91,281
Total revenue locomotive mileage Non-revenue locomotive mileage
20,7)8,705 443,930
21,399,6*7 1,075,078
680,942 631,112
Total locomotive mileage 21,162,641 22,471,725 1,313,084
TRAIN M I L E A G E
R E V E N U E S E R V I C E
freight train-miles Paswnger train-miles Mixed train-mile* Special train-miles
6,090,058 6,204.957
486,459 5,460
6,853,846 6,255,186
465,912 9,157
9,771 20,547
103,808
3,601
Total revenue train mileage Non-revenue train mileage
13,446,920 148,237
13,581,101 495,460
137,181 317,218
Total train mileage 1 o,.i95,357 14,079,581 181,421
C A R M I L E A G E
R E V E N U E SERVICE Freight car-miles
Loaded Empty
193,821,290 80,715,505 0.833,720
103,379,154 07,911,372 7,010,653
442,134 12,603,933
212,913
Total freight car-mile* 281,J70,S15 268,337,359 13,033,156
Passenger car-miles Passenger Sleeping, parlor and observation Other passenger-train cars
I3,896,(i7S 12,394,561 19,218,249
14,513,075 11,032,211 18,083,926
1,302,350 1,132,323
016,397
Total passenger car-miles 45,509,488 13,631,212 1,878,276
Special car miles Freight-loaded Caboose Passenger Sleeping, parlor and observation Other possonger-train ears
02,23.» .',453
05
39
80,210 0,341
11,964 102
14,214
6,025 6*8
11,899 102
14,175
Tota! special ear-miles 97,792 118,831 21,039
Total revenue ear mileage Non-revenue ear mileage
356,977,795 1,471,687
312,087,402 9,229,196
11,890,393 7,757,509
Total ear mileage 328,449,482 321,316,598 7.132,684
2b
The Michigan Central Railroad Company
TRAFFIC STATISTICS
D E S C R I P T I O N O F F R E I G H T M O V E D
P R O D U C T S O F A G R I C U L T U R E
Grain F lour Other mi l l products Hay Tobacco Cotton Fru i t aud vegetables Other articles
P R O D U C T S O F A N I M A L S
L ivo atock Droesed meats Other packing house products Poultry, game and fish Wool Hides and leather Dairy products Other articles
P R O D U C T S O F M I N E S
Antliracito coal Bitumiuous coal Coke Oros Stone, sand and other like articles Other articles
P R O D U C T S O F F O R E S T S Lumber Other articles
1 0 1 1
Ton* 964,822 266,511 254,395 166,693
16,4 tC 27,723
328,552 430,7-17
358,479 154,779
88,283 25,415 14,945 32,891 52,648 52.736
1,500,298 3,292,795
391,149 26,866
1,786,811 320,6fl::
1,017,388 1,311,616
IttlO
Tom 981,600 211,954 238,941 170,450 14,115 16,48-->
166,143 432.772
335,110 97,151 88,917 22,140 14,108 36,442 54,90S 10,233
1,366,602 3,384,241
332,514 23,506
1,718,570 272,617
1,155,982 1.386,909
11:1
Tomt
54,660 15,454
2,301 11,238
162.4011
23,369 57,028
3,275 $37
12.503
133,696
58,635 3,360
68,244 48.066
Deere*in
Tout 16.778
9,757
2,035
(331
3,551 2.320
91.446
138,591 7;. "9:{
M A N U F A C T U R E S
Petroleum and other oils Sugar Iron: p ig and bloom Iron and steel roils Other castings aud machinery Bar and sheet metal Cement, brick and lime Agricul tura l implements Wagons, oarriagea, tools, etc Wines, liquors and beors Household goods and furniture Other (irticloa
M I S C E L L A N E O U S
Other commodities not previously mentioned
TOTAL
140,870 98,537
197,246 29,604
435,431 354,455 481,223
76,837 136,056 50,870 43,736
2,316,439
1,483,782
18,728,753
134,675 86,086
172,382 18,028
521,909 286,219 4 (6,377
72,369 107,492 43,370 44,833
2,276,663
1,595,525
18,376,478
6,195 12,451 24,364 11,57ii
68,236 32,846 4,468
28,564 7,500
39,776
86,528
1,09,
111,743
352,275
2G
Annual Report TRAFFIC STATISTICS (concluded)
FREIGHT I M l 10(0 Incie i iBB Pest saw in
Tons of revenue freight onrriod 18,728,70.'; 16,376,478 352,270 Tons of company freight oarried 2,635,064 3,113,720 578,002 Total ton> of freight carried 21,268,817 21,490,204 226,387 Tona of revenue freight carried one mile 3,044,621,396 3,065,015,640 20,394,214 Tons of company freight carried one mile 148.477,990 196,075,882 17,597,892 Total toot of freight carried one mile 3,193,099,386 3,261,091,522 67,992,136 Miles of road operated in freight service 1,790-32 1,776'85 13-47
• •
Tona of revenue freight carried one mile per | mile of road / 1,700,602 1,724,972 24,370
Tons all freight carried one mile per mile of road 1,783,535 1,835,322 51,787 Average distance haul of one ton of revenue freight 163 167 f
4 Average distance haul of one ton all freight 150 152 2 Average number of tons of revenue freight 1
per train mile _ / 424 419 6 Average number of tons all freight per train mile 445 416 1 Average number of tons of revenue freight (
per loaded car mile ( 15-71 15-85 •14 Average number of tons all freight per 1
loaded ear mile / 16 47 16-82 •35 Average number of freight cars per train mile 39 21 36-66 2-55
•35
Average number of loaded cars per train mile 27 01 26-42 •59 Average number of empty cars per train mile 11-25 9-28 1-97 Total freight revenue •19,538,684.00 •19,282,268.45 •266,395.55 Average amount received for each ton of freight 91.04 •1.05 •0.01 Average revenue per ton per mile mills 6*42 mills 6-29 mills 0-13 Average revenue per mile of road •10,913.51 •10,651.95 •61.56 Average revenue per train mile »2 .72 •3.63 •0 09
PASSENGER •0 09
Number of interline passengers carried 1,064,639 1,122,466 57,829 Number of local passengers carried 4,4*1,472 4,186,481 254,988 Number of commutation passengers carried 429,475 483,295 53,820 Total number of revenue passengers carried 6,935,586 5,792,217 143,339 Total number of revenue passengers carried one mile 383,674,618 3:3,46:!.151 10,212,267 Miles of road operated in passenger service 1,746-33 1,720-33 2598 Number of revenue passengers carried one i
mile per mile of road ( 219,703 217,085 3,613 Average distance each revenue passenger carried 61-64 64-48 •16 Average number of pannengors per train mile 66-83 55-57 1-26 Average number of passengers per car mile 14-59 1462 (Ci Average number of passenger tars per train mile 6-74 6-49 -25
(Ci
Total passenger revenue •7,607,051.96 •7,404,475.66 •202,576.30 Average amount received from each passenger •1.28 •1.28 Average revenue per passenger per mile cts. 1-983 cts. 1-983 Total passenger service train revenue •9,724,024.33 $9,524,692 62 •199,331.71 Average passenger service train revenue 1 •
per mile of road j •5,568.26 •5,336.49 •31.77 Average passenger service train revenue per 1
train mile •1.44 •1.42 •0.02 T O T A L T R A F F I C
•0.02
Operating revenuea •30,104,400 16"" •29,694,815 71 •109,674 45 Operating expenses 20,746,231 18 21,628,906 26
•109,674 45 •682,676 08
Net operating revenue •9,418,256 98 $8,065,909 45 •1,352,349 53 Operating revenues per mile of road •16,603 45 •16,467 02 •136 43 Operating expense- per mile of road 11,419 36 11,994 14 $574 78 Net operating revenue per mile of road •5,184 00 •4,472 88 • T i l S i Operating revenues per train mile •2 24 92 19 SO 05 Operating espenaea per train mile 1 54 1 60 •0 06 Xet operating revenue per train mile •0 70 SO 00 10 11
27
The Michigan Central Railroad Company
EQUIPMENT STATISTICS
• 1011 1910 Average mileage per engine (steam) 32,588 33,61H Average mileage per engine (electric) 23,797 9,751* Cost of repairs per engine mile (steam) eta. G i l cU. 6-28 Cost of repairs per engine mile (electric) '•U. 4-49 ets. 1-74" Total capacity of freight train cars, tons 858,060 s69,470 Average capacity of freight train cars, tons 3545 35-24 Seating capacity of passenger cars 18,958 17,85C Average seating capacity of passenger ears 63 G2 Average mileage per passenger train car 93,61)9 92.702 Average cost of repairs per passenger train car mile ••is. 0-728 cts. 0-774 Capacity of floating equipment:
4 car floats ! e a V M ^ ' 7 6 ' r e i g h t cars or 40 passenger cars »* average 19 freight cars or 10 passenger cars
•From September to December 1910 inclusive
MISCELLANEOUS STATISTICS
CONSUMPTION OF F U E L B Y LOCOMOTIVES
Total fuel, tons (all bituminous coal) 1,376,29G 1,384,988 Average pounds consumed per mile run by locomotives in freight service 175 177 Average ponnds consumed per mile run by locomotives in passenger service 111 107 Average cost of fuel per tou $2.08 $2.03 Average cost of fuel per locomotive mile ets. 13-67 cts. 12-51
N E W S T E E L B A I L L A I D DURING T H E Y E A R
Tons 100-pound rail Average price per ton
8,023 $30.22
12.24G 431.34
N E W TIES L A I D D U R I N G T H E Y E A R
Oak Chestnut Cedar Miscellaneous
340,321 280,641
18.444 260,540
905.946
478,827 449,152 47,379 97,361
1,072,719
Average price at distributing points cents 68 cent* 69
28
Annual Report
EQUIPMENT
Uadudiiig Equipment of Leased Lines)
LOCOMOTIVES
For paasanger service
Electric locomotive.
For freight service
For switching service
•tec. St ieio
1411
6
273
144
56.1
Iliereaae Chang*
A'.A*d Of •!»*• x:id w v k *
Caaugs Retired of c U u
14 11
10 in
.11 1011
1511
0
2fll
1*2
559
CABS IN PASSENGER SERVICE
Passenger coaches, wood Passenger coaches, steel iimlerfnoiie Smoking carB. wood Combination eara. wood Combination cam, steel undername Immigrant aud excursion cars Dining cars, wood Dining oars, steel underfrnme Buffet and cafe cars, wood Duffel aud cafe cars, steel Mall, express and baggage cars, wood Mail, express aud baggage .-are. ateel Mail, express and baggage ears, steel
underfrnme
Officers' and pay cars, wood Other cars in pawenger service, wood
TOTALS
9A 14
3* • J
.'
72 15 1
1-1 •j
12S
Id
4 I
IT
44.1 1(1 11
M
14 42 28
S
n 15
1 11
2
122
18
6
6 16
446
CARS IN F R E I G H T SERVICE
Box cars, wood Box cars, steel uuderframe
Flat cars, common Flat cars, steel imderframe
Stock can Coal and coke cars, wood Coal and eoVe ears, steel Refrigerator and produce ears, wood Oil tana cars, wood Caboose cars
TOTALS
11361
4 2473
93 732
208:: 301 572
32 299
17949
1
1!
13
220
18
II
421
J3
3
.33
UI10 3
2382 09
609 2045
300 563
20 29*
17189
•»1
The Michigan Central Ilailroad Company
EQUIPMENT {continued)
(Jltctn'JiHff Ji'/in/j/"/::>I of Isflstctl fAUt")
lucre a 4 » I . .
CABS IN COMPANY'S SERVICE Ballast cars Derrick cars Steam wrecking cranes Cinder, push, gas and oil transport curs Other road oars
Total
MARINE EQUIPMENT Ferry boats, side wheel, single dock Ferry boats, screw, siugle deck
Total
Deo. 31 1 0 1 0
23 591
$06
3 l
Added Change of I "tuns and Service
£3 31
.J4
kctilvd
I 1
27
i-rr i iM'
i I a n d Scrvkv
29
1 1 ' - . - i r s n
160 4
6 4i
595
831
LEASED VSDEH RKST.lt. AtiltEBMEST C A R S IN F R E I G H T SERVICE
Stock cars 250 250
Total 250 2.->u
LEASED VS'DEJl EQUIPMENT TltUST Trust of 1907 Trout of 1910
31 Added Retired Dec. 01 D « . 31 A<l<l<d KrlirrU I i.e. 31
T .iial TTUKI
Jiec. 31 Dee. »i 1910 1911 1010 1911 1910 1911
LOCOMOTIVES For passenger service s IS i> 23 23 For freight service 38 2d 58 38 •an For switching service 11 11 11 ii
Total •i 5 67 20 sr 72 92
C A R S IN PASSENGER SERVICE Passenger coaches, wood Passenger coaches, ntcel underframe Dining cars
Buffet smoking cars, wood Buffet smoking car», steel Cafe ears Combination cars, wood Combination ears, steel uuderfraine Baggage, mail aud express cam. steel
Total
CARS IN F R E I G H T SERVICE Box cars, wood Box automobile cara, wood Box automobile cars, steel iiiidcrfmtue Flat cars, steel nnderframe Cool aud coke cars, steel Caboose
Total
CARS IN COMPANY'S SERVICE Ballast oar*
Total
0 6 << a 0 6 1.1 11 15
• 4 - 4 4 J
1 1 * 1 i e e
1 I 1 8 8 « 8
•i 2
1 1 11 11 12
lo 1 16 13 •*« 35 ~2S ;>i
1480 5 1481 HSC I4S1
491 2 489 491 4S9
1998 7 19'J 1 ivy* 1991
49$ •j 496 *!>* I'M!
1000 1000 1300 I3»0 •J:(IKI 23 0d
21 8 29 21 29
343(1 8 9 3403 3298 7 3291 679* 6786
200 -
2'10 •*i.u iim
200 200 •-•in
30
Animal Report
REPORT OF THE LAND COMMISSIONER OF THE JACKSON, LANSING tC
SAGINAW RAILROAD COMPANY
DETROIT, MICH., JANUARY 31. 1912 MB. W . C . B R O W N
President Michigan Central Railroad t'uHijmni/
NEW YORK
DEAR SIR—I respectfully submit herewith annual statement of the business of the Land Depart
ment of this company for the year ended December 31, 1911
LANDS AND SALES
LANDS Afro* Acre*
Unsold January 1, 1911. according to patents 24,368-22
Restored to market iu 1911 1,100-00 25,f>2H 2-1
Hold during the year 1,0*0-00
Unsold at the close of the year 24,468'22
LAND HALES ACCOUNT
l A b d s diinng the year #8,081 50 Lees eaneelled contracts 3,80* 09
•4.277 41
LAND CONTRACTS
Total amount due ou contracts at the close ot the year $5,133 73
The sales for the last fir? year* are as follows;
1007 IfloS 1900 1010 1011
Acres sold 1.384-85 774-10 1,273-14 1.233-89 1,040-00
Average per acre 67 96 ( 6 31 85 66 S4 65 87 77
Land sales 911.028 78 $1,885 S2 $7,462 23 $5,740 98 $8,081 50
31
The Michigan Central Railroad Company
REPORT OF THE LAND COMMISSIONER OF THE JACKSON, LANSING t£ SAGINAW RAILROAD COMPANY (concluded)
Cash on hand January 1, 1911 From payments ou land contracts and sales From interest
Total
RECEIPTS
#1,743 00 3,051 36
168 84
*9.963 Oil
DISBURSEMENTS
Deposited to the credit of trustees For taxes For salaries and commissions For miscellaneous expenses Balance
Total
NATHANIEL E. SLAYMAKER ijtuA Ct>Htmtssio*>er.
*l,5.o OU 1,101 91 3,614 97
262 60 3,108 52
$9,903 20
Messrs. Lcdyartt, Mussel and Joy, Trustees
Balanoe on hand end of 1910, aa shown by report for that year $4,lu3 01 Amount received from laud commissioner during 1911 V " 5 w
Interest on land fund year 1911 5 6 T "
Total ***** 7 1
Bonds purchased and cancelled during 1911 ($2,000. lem discount *210.) ' - ' 9 0 0 0
Cash on hand December 31, 1911
