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REPORT.

OFFICE OF THE RAILROAD COMMISSION OF DAKOTA,
BISMARCK, DAK., Nov. 30, 1887.

To His Excellency,

LOUIS K. CHURCH,

Governor of Dakota:

SIR: The board of railroad commissioners respectfully submits its third annual report in pursuance of law and for the purpose of furnishing such facts in regard to the railroads of the territory as law and the interests of the public demand.

The present board having been in existence but a few months, and having a vast amount of work awaiting completion, must necessarily be brief and leave much of interest for its report one year hence, when the material at hand will warrant the publication of a more exhaustive report.

The law creating a railroad commission for Dakota, approved March 12, 1885, requires a report from each railroad doing business in the territory, showing:

Cost of road and equipment;
The amount of capital stock;

The amount of floating debt;

The amount of funded debt and the rate of interest;

The amount of preferred stock, if any, and the amount of its preferment;

Schedules of property owned;

Number of acres originally granted in aid of construction of the road, by the United States or the territory;

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