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Respondent's Investment in Road and Equipment at Close of Year.

ITEM.

Investment to June 30, 1907, road,

Investment from July 1, 1907, to June 30, 1914, road,"

Investment since June 30, 1914, road,

Total investment in road and equipment,

Length of road owned (miles),

Average investment per mile of road, exclusive of improvements on leased lines,

Owned Lines.

$30,608,213 35

14,593,602 65

1,244,667 82

$46,446,483 82

303.63 $152,970 67

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N. Y. Central 31⁄2 deb. bonds, 2000, January-July, $5,500,000 $5,500,000 00
Nor. Pac.-Gt. Nor. R.R. bonds, 1921, January-
July,

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34,000

32,702 50

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Chicago & Northwestern R.R. bonds, 1987, May-
November,

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Lake Shore & Mich. So. Ry. bonds, 1931, May-
November,.

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Am. Tel. & Tel. Co. bonds, 1929, January-July,
Chicago & Northwestern R.R. bonds, 1987, May-
November,

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General Electric Co. bonds, 1920, January-July,
U. S. Gov. Liberty bonds, 1938, April-October,

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GRAND TOTAL,

$5,599,000 $5,593,727 50

$196,230

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$2,187,500

NOTE. The dividends were paid from funds received from rental of road. No obligation has been incurred to obtain these funds.

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MISCELLANEOUS ITEMS IN PROFIT AND LOSS ACCOUNT FOR THE YEAR.

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