FREIGHT OR TRANSPORTATION COMPANIES, OR LINES.

Traffic contract with Iowa Central Railway, via Lyle Division, of freight revenue on mileage basis, but not less than 33% per cent to either company.

OTHER RAILROAD COMPANIES.

Through billing arrangements with all connections, dividing revenue on various fixed percentages.

TELEGRAPH COMPANIES.

The Postal Telegraph Cable Co. operates the telegraph lines, and by contract furnishes the necessary wires and facilities to the railway company for the transaction of its business on the line of the road. Operators at railway stations are paid by railway company, and perform service for telegraph company. Operators at city or outside offices are paid by telegraph company. Material for maintenance is supplied by telegraph company, and labor for maintenance is furnished by railway company.

SECURITY FOR FUNDED DEBT.

Chi., St. Paul & Kansas City R'y Co.

Income bonds of Chi., St. Paul & Kan-
sas City R'y Co

Three-year collateral notes of Chi., St. Paul & Kansas City R'y Co

*Collateral, $1,600,000 M. & N. W. R. R. Co. debenture and equipment 5 per cent gold bonds, a 2d mort. on above 510.15 miles of M. & N. W. R. R.

NOTE. The column headed, “freight originating on this road," includes a small to age of freight billed on local billing, from one point to another on Chicago, St. Paul Kansas City Railway, which was received from connecting lines, from points not co ered in through billing arrangements.