OF THE

COMMISSIONER OF RAILROADS

OF THE

STATE OF MICHIGAN.

FOR THE YEAR ENDING DECEMBER 31, 1876.

Together with the Laws relating to Railroads, passed by the Legislature of 1877.

Compliments of

W. B. WILLIAMS,

Commissioner of Railroads.

BY AUTHORITY.

LANSING:

W. S. GEORGE & CO., STATE PRINTERS AND BINDERS.

1877.

LIBRARY

OF THE

LELAND STANFORD JUNIOR

UNIVERSITY,

4.371

Operating Expenses, Interest, and Rental, compared with Income.

viii

Net Income.

viii

II. Capital Stock.

III. Debt....

IV. Cost..

V. Earnings

VI. Operating Expenses..

VII. Operating Expenses compared with Earnings.

VIII. Operating Expenses and Interest compared with Income.

IX. Mileage: Train, Passenger, and Freight..

X. Equipment...

XI. Characteristics of Road:-Bridges and Crossings..

XII. Characteristics of Road :-Stations, Persons Employed, and Fencing.

xiii

XV

xvi

xvii

xviii

XX

xxi

xxiv

xlvi