620 



MICHIGAN. 



The railroad interests are represented by 41 

 distinct corporations, but the business control 

 and management of these roads is vested in 

 27 companies. Two new corporations report 

 the Menominee Eiver Railroad Company, 

 mileage 27'4, and the Toledo and Ann Arbor 

 Kailroad Company, mileage 45'7. Total in- 

 crease of mileage in the State during the year, 

 109-16. 



The freight tonnage was classified as "fol- 

 lows: 



Tom. 



Grain 8,881,297 



Flour 1,019,659 



Provisions (beef, pork, etc.) 623,663 



Animals 950,001 



Other agricultural products 467,801 



Plaster 74,088 



Salt 186,594 



Manufactures 886,723 



Lumber and forest products 2,71 1 ,983 



Pig and bloom iron 108,811 



Iron and steel rails 84,092 



Other iron and castings 170,035 



Ores 1,029,983 



Stone and brick 167,184 



Coal 817,144 



Petroleum 672,692 



Merchandise and other articles 2,658,030 



But five roads paid dividends: the Chicago 

 and Northwestern, 7 per cent, on preferred and 

 5 per cent, on common stock ; Detroit, Lansing, 

 and Northern, 2 per cent, on common ; Lake 

 Shore and Michigan Southern, 10 per cent, on 

 preferred and 4 per cent, on common ; Michi- 

 gan Central, 4 per cent, on common ; and Min- 

 eral Range, 10 per cent, on common. Of the 

 11,552 stockholders, 4,550 reside in Michigan, 

 holding $4,685,819 of the $147,841,368.37 stock 



issued. There were 76 employees and other 

 persons (no passengers) killed during the year, 

 and 159 persons (including 42 passengers) in- 

 jured. In 1879, 58 miles of road were con- 

 structed. 



There are 14 State and 14 savings banks op- 

 erating under State laws. The State Trea- 

 surer, in his annual report, gives the condition 

 of each of the former on July 7, 1879, and of 

 each of the latter on October 6, 1879. The fol- 

 lowing is a condensation of his tables : 



The following statistics of the lumber prod- 

 uct of the State for 1879 are from the " An- 

 nual Review " prepared by Messrs. Lewis and 

 Cowles for the "Saginawian" and East Sagi- 

 naw " Courier " : 



The cut is greatly in excess of any previous 

 year. The cut of shingles has also been un- 

 usually large, the reporting mills giving an ag- 

 gregate of 685,619,150. The reviewers say 

 that the pine forests of the State are rapidly 

 being denuded, and that large areas of hereto- 

 fore productive territory are already worked 



* Of this amount, 85,647,887 feet is reported as already 



out. During the latter half of the year there 

 was great activity in the lumber market, " great- 

 er than during any season of the previous seven 

 years, the closing prices being $6.50, $13, and 

 $28, with $7, $14, and $30 for exceptionally 

 fine lots." 



The State Salt Inspector, in his annual re- 

 port, gives the following comparative table, 

 showing the total amount of salt inspected for 

 the last three years in barrels : 



