580 



MICHIGAN. 



Detroit, Mackinac and Marquette Railroad Com- 

 pany l,32fi.!>63 



Chicago" and Northwestern Railroad Company 657,220 



Lake Superior Ship Canal, Hallway and Iron Com 



pany 210.000 



St. Mary's Canal and Mineral Land Company 127,000 



Michigan Land and Iron Company, successor to 

 Marquette, Hougbton and Ontonagon Railroad 

 Company 400,000 



The lands held by the four corporations first 

 named are in the Lower Peninsula, and may 

 be classed as pine and farm lands. The lands 

 of the five other corporations are all located in 

 the Upper Peninsula, and include both mineral 

 and pine lands. 



The last published report of the Commis- 

 sioner of Railroads covers the year ending 

 December 31, 1880, and the business of fifty 

 corporations, under the control of thirty-six 

 managements. These corporations operate 

 6,427,54 miles of road, 3,824 being in Michigan, 

 an increase over 1879 of 166 miles. The capi- 

 tal stock of the fifty corporations, paid in and 

 invested in the roads, is $160,580,320.06, or 

 $27,376.48 per mile. The debt is: funded, 

 $142,212,896.73; floating, $11,159,412.17 ; to- 

 tal, $153,372,303.90, or $26,147.63 per mile. 

 Total stock and debt, $313,952,628.95, being 

 $53,524.11 per mile of road, while the com- 

 missioner puts the total cost of roads and equip- 

 ments at $297,388,917.13, or only $51,149.95 per 

 mile. The total investment in Michigan he puts 

 at $204,673,520.43, and the cost of the Michi- 

 gan roads at $195,594,851.30. The excess of 

 stock and debt over cost of road-bed and equip- 

 ment is $9,078,665.13, arising largely from the 

 fact that " the resources of the corporations 

 have not been sufficient to meet interest on the 

 bonded debt and expenses, thereby incurring a 

 floating debt, which is included in the account 

 of indebtedness." But seven corporations 

 failed to earn enough to pay operating ex- 

 penses four of them being '' log-roads " the 

 deficiency being $64,418.64. In 1879 ten com- 

 panies were deficient in the sum of $246,926.82. 

 The total earnings of the roads were $56,650,- 

 054.10, against $45,942,860.23 in 1879. The 

 expenses, $32,268,996.74, against $26,906.685.- 

 44. Earnings above operating' expenses, $24,- 

 381,057.36, an increase over 1879 of $5,345,- 

 882.57. But six companies paid any dividends 

 the aggregate being but $8,300,952.57. The 

 total number of passengers carried during the 

 year, 13,507,200, an increase of 2,541,583 over 

 1879. The number carried one mile was 114,- 

 580,292, at a cost of $-0269 per mile. The freight 

 tonnage was 55,122,240, exceeding the freight 

 carriage of 1879 by 30,873,350 tons. The num- 

 ber of tons carried one mile was 4,789,420,773, 

 an increase over 1879 of 1,190,744,288. The 

 average charge per mile for each ton of freight 

 hauled was ^ of a cent per mile, against T W 

 in 1879. 



The following table shows the number of 

 miles of railroad in Michigan on the 31st day 

 of December, 1881, a year later than the com- 

 missioner's report: 



ROADS AND THEIR BRANCHES. Length (1881) 



miles. 



Lake Shore and Michigan Southern 531 



Michigan Central 903 



Grand Trunk I S9ft 



Chicago and Grand Trunk ( 



Wabash, St. Louis and Pacific 80 



Detroit, Lansing and Northern 258 



Chicago, Saginaw and Canada 33 



Detroit, Grand Haven and Milwaukee l^J 



Flint and Pere Marquette 315 



Flint and Pere Marquette (Saginaw and Mount Pleas- 

 ant Branch) 15 



Grand Rapids and Indiana 313 



Chicago and West Michigan 854 



Canada Southern 65 



Fort Wayne and Jackson 46 



Toledo, Ann Arbor and Grand Trunk 57 



Lake George and Muskegou 10 



Pinconning 20 



Tawas and Bay County 24 



St. Joseph Valley 10 



Port Huron and Northwestern 100 



Paw Paw | ..q 



Toledo and South Haven j 



Muskegon River and Rose Lake 8 



llobart and Manistee 10 



UPPEB PENINSULA. 



Chicago and Northwestern 202 



Detroit, Mackinac and Marquette 1.W 



Marquette, Houghton and Ontonagon 90 



Mineral Range 12 



Hecla and Torch Lake 4 



* Total 4,144 



From tables in the " Lumberman's Gazette," 

 published at Bay City, giving the total produc- 

 tion of white-pine lumber in the Northwest for 

 two years past, the following figures are taken, 

 giving the cut at principal Michigan points for 

 1881: 



Feet. 



Saginaw district 1.294,000,000 



Manistee 250,000,000 



Muskegon 632,500,000 



Ludington 120.000,000 



Grand Haven and Spring Lake 191 .000,000 



Cheboygan 92,000,000 



Detroit and Lansing Railroad and Lake Huron 



Shore 820,000,000 



Grand Rapids and Indiana Railroad 196,000,000 



Chicago and West Michigan Railroad 65,000,000 



Northern Railroad 84.000,000 



Flint and Pero Marquette Railroad 95,000,000 



Michigan Central Railroad, Mackinaw and De- 

 troit and Bay City divisions 85,000,000 



Miscellaneous 92,000,000 



Total 8,516,500,000 



The products of Bay and Saginaw County 

 mills are definitely given as follows : 



Lumber manufactured, feet 972,320.317 



On dock at close of season, feet 282,120,929 



On dock, sold, feet 118,605.117 



On dock, unsold, feet 16S.515.812 



Laths manufactured 65,983,750 



Shingles manufactured 854,925,500 



Staves manufactured 47,450.959 



Headings manufactured 5.440.947 



Logs in mill-boom 46,498,890 



The journal quoted says: "During the last 

 three years the annual increase of production 

 (in the Northwest) over each preceding year 

 has been about 1,000,000,000 feet, yet, notwith- 

 standing this enormous increase, the amount 

 in manufacturers' hands is probably less at the 

 present time (January 1, 1882) than during 

 either of the three previous years." 



The annual report of the salt inspector shows 



* Increase over 1SSO, 320 miles. 



