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RAILROADS
Arkansas Genealogy Trails Source - Annual Report of
Railroad Commission of Arkansas - 1902; contributed by Tina Easley
MISSISSIPPI RIVER, HAMBURG & WESTERN RAILWAY COMPANY. LINE OF ROAD. Miles. Hamburg, Ark., to Luna, Ark 39 HISTORY, ORGANIZATION, ETC. This road was chartered under the laws of the State of Arkansas, June 18, 1897. There was an Act passed by the General Assembly in 1897 to grant certain lands of the State to this road for the purpose of constructing and operating a line of railway from the Mississippi River at a point in Chicot and Desha County, via Hamburg to the city of Texarkana; aid to the extent of 1,000 acres of land for every mile of the distance from the point of commencement on the Mississippi River to the said town of Hamburg, Ark. The St. Louis, Iron Mountain & Southern Railway is the owner of the entire stock and bonds of this company. Total cost of road to June 30, 1900, $273,547.25; cost to June 30, 1901, $800,000.00; miles extended, none; general office, St. Louis, Mo. OFFICERS. President—C. G. Warner, St. Louis, Mo. Vice President—Russell Harding, St. Louis, Mo. Secretary—E. G. Merriam, St. Louis, Mo. Treasurer—A. H. Calef, New York, N. Y. Local Treasurer—D. S. H. Smith, St. Louis, Mo. Assistant Secretary—Francis Johnson, Little Rock, Ark. General Auditor- S. B. Schuyler, St. Louis, Mo. Superintendent and General Freight Agent—J. H. Schaefer, Hamburg, Ark. DIRECTORS. C. G. Warner, St.
Louis, Mo. CAPITAL STOCK. Number shares authorized, 17,500 at $100.00 each; total par value authorized, $1,750,000.00; amount issued and outstanding, $400,000.00; dividends declared during the year, none; total cash realized on 4,000 shares, issued for construction, $197,149.00. FUNDED DEBT. Twenty-Year 5 Per Cent. Gold Bonds—Issued 1897; due, 1917. Amount of authorized issue, $1,750,000.00; amount issued, outstanding and cash realized on same, $400,000.00; amount of accrued interest during the year, none; amount paid during the year, none. Equipment Trust Obligations—Issued September, 1899, covering ten flat cars; cash paid on delivery of equipment, $588.50; original amount, $1,374.88; amount outstanding, $234.36; interest included in notes at 6 per cent. CURRENT ASSETS AND LIABILITIES. Cash $ 475 28 Due from agents 259 06 Net traffic balances due from other companies 529 34 Other cash assets 16,850 43 Total cash and current assets 18,114 11 Total $18,114 11 Loans and bills payable $ 1,193 50 Audited vouchers and accounts 240 87 Wages and salaries 7 S4 Net traffic balances due to other companies 90 38 Miscellaneous 275 S1 Total current liabilities $ 1,807 40 Balance cash assets 16,306 71 Total $18,114 11 Materials and supplies on hand, $3,002.19. COST OF ROAD, EQUIPMENT AND PERMANENT IMPROVEMENTS. Total cost to June 30, 1900 $273,547 25 For year ending June 30, 1901 526,452 75 Total cost to June 30, 1901 $800,000 00 Cost per mile of road, $20,512. INCOME ACCOUNT. Gross earnings from operation $56,663 84 Less operating expenses 36,646 59 Income from operation $i0,017 25 Taxes 942 71 Net income $19,074 54 Surplus on June 30, 1901 (for entry on General 'Balance Sheet), $19,074.54. GENERAL BALANCE SHEET. Cost of road $800,000 00 Cash and current assets 18,114 11 Materials and supplies 3,002 19 Grand total $821,116 30 Liabilities. Capital stock $400,000 00 Funded debt 400.234 36 Current liabilities 1,807 40 Profit and loss 19,074 54 Grand total $821,116 30 |