credit of the same is to appear under these headings and must agree with the totals outstanding as shown on Table A (Capital Stock and Funded Debt).

Interest on Funded Debt, Due and Accrued.

Separate accounts should be kept showing interest due and accrued on each denomination of bonds outstanding. To these accounts should be credited monthly, whether due or not, one-twelfth of the annual interest on the bonds outstanding, debiting the same to an account called "Accrued Interest on Funded Debt," and at the end of each year close the latter account into "Profit and Loss." When the interest is paid, debit such payment to the denomination and series to which it belongs. The amount remaining at credit of these several accounts combined will show the amount due and accrued, and is to appear under this heading.

Dividends Unpaid.

When dividends are declared they should be credited to an account called "Dividends Payable," and debited to an account called “ Dividends Declared," which latter account should be closed at the end of each year into "Profit and Loss." Payments made on account of dividends charge to "Dividends Payable." The amount remaining at credit of "Dividends Payable" will represent the amount unpaid, and should appear under this heading.

Loans.

This heading is to include the credit balances of money borrowed or obligations issued by the company not included in funded debt

account.

Accounts Payable.

Include under this heading the credit balances of all accounts for material or supplies purchased and received, but not paid for, and all credit balances of accounts with other companies and individuals, except such sums as may be due Lessee Company for "Additions and Betterments," as shown by Schedule reported under Table B.

Due Lessee Company for "Additions and Betterments.”

In case the corporation making this report is a Lessor Corporation, and any sum is claimed to be due by the Lessee for "Additions and Betterments," as provided by instructions under Table B, the amount claimed to be due must be reported under this heading.

Sundries.

This heading embraces the credit balances of General Ledger accounts not otherwise provided for.

Profit and Loss (Surplus).

See Profit and Loss under assets, and if credit balance is shown it must appear under this heading and agree with the total surplus, as is shown in Table C. (Income Account.)

CHARACTERISTICS OF ROAD AND EQUIPMENT.

Traffic and Mileage Statistics; Characteristics of Road and Equipment, and Salaries of Officers and other Employes are required under Tables F and G. The blank fully sets forth the information desired.

STATEMENT OF ACCIDENTS.

Under this heading include a statement of each accident, with details; place where it occurred; cause and extent of injuries inflicted and name of person injured; following which gave a recapitulation of accidents. Give also, in the form provided, the total amount of payments on account of injuries to passengers and employes, the amount paid by insurance companies and the amount paid by the company.

Under succeeding headings fill in carefully the information required.

THE FOLLOWING ARE THE RULES OF PROCEDURE ADOPTED BY THE BOARD IN MATTERS COMING BEFORE IT:

Complaints.

Complaints to the Board against railroad companies should be made in writing, and the cause of complaint should be stated clearly. Upon receipt of a complaint a copy is sent to the railroad company, and an answer must be made within ten days, unless longer time is allowed by the Board. A copy of the answer is sent to the complainant, and, if not satisfactory, issue is joined, a hearing had and a decision rendered.

Increase of Capital Stock.

(Section 46, Stock Corporation Law.)

Application must be made by verified petition. The Board requires : First. Three certified copies of the proceedings of the meeting of the stockholders, two to be indorsed and one to be filed in this office.

Second. A sworn statement of the financial condition of the company as to the amount of the capital stock, outstanding indebtedness and the cost of road and equipment.

Third. A sworn statement of the purposes to which the proposed increase is to be devoted, and, if for further construction or equipment, an estimate of the cost thereof made by a person competent to make the same, and verified.

Reduction of Capital Stock.

(Section 46, Stock Corporation Law.)

Application must be made by verified petition. The Board requires: First. Three certified copies of the proceedings of the meeting of the stockholders, two to be indorsed and one to be kept in this office.

Second. A sworn statement from the proper officer of the company that the reduced capital is sufficient for the proper purposes of the corporation and is in excess of its debts and liabilities, the aggregate amount of such debts and liabilities to be stated.

Increase of Reduction of Number of Shares of Stock.

(Section 56, Stock Corporation Law.)

Application must be made by verified petition. The Board requires : First. Three certified copies of the proceedings of the meeting of the stockholders. two to be indorsed and one to be filed in this office.

Second. A statement of the reasons why it is proposed to increase or reduce the number of shares of stock.

Filing of Maps of Railroads.

(Section 6, Railroad Law.)

Section 6 of the Railroad Law shows in detail what is required.

Accommodation of Connecting Railroads.

(Section 35, Railroad Law.)

Application must be made by verified petition. The Board will in each case prescribe rules for proof in applications under this section.

Railroads Crossing Each Other at Grade.

(Section 36, Railroad Law.)

Application must be made by verified petition. The Board requires : First. As to the precedence of trains: The Board will in each case prescribe rules for proof in applications under this provision.

Second. In applications for approval of an interlocking switch and signal apparatus at such crossings, a hearing will be given at which a blue-print or sketch of the proposed system must be submitted to the Board which shall show distant signals at least 1,500 feet from the crossing (except where impracticable); home signals at the crossing, and throw-off switches (except where impracticable), all interlocked and operated from a tower.

Safety Devices.

(Section 50, Railroad Law.)

Application must be made by verified petition. Applications under this section will be considered under rules made for each case.

Cooking Stoves Used in Dining Cars.

(Section 51, Railroad Law.)

Application must be made by verified petition. In applications under this section for approval of cooking stoves in dining cars, the Board must see the stove proposed to be used, or a blue-print or sketch of it.

Cessation of Operation of Railroads during the Winter Months.

(Section 55, Railroad Law. See section 21, Railroad Law.)

Application must be made by verified petition. The Board will require notice of hearing on applications under this section to be advertised. Proof must be furnished that the road comes within the meaning of the section, and that the public interests will not suffer from the cessation of operations. If the application is granted, proof must be subsequently made that the order has been posted as required by section 55.

Fixing Compensation for Transportation of the Mails.

(Section 56, Railroad Law.)

Rules of procedure under this section w ll be formulated in each case.

Extension of Time in which to file Reports of Railroad Companies. (Section 57, Railroad Law.)

Applications under this section must be accompanied by a statement of the reasons why an extension of time in which to file reports is necessary.

Certificate that Public Convenience and Necessity Requires the Construction of a New Railroad.

(Section 59, Railroad Law.)

Application must be made by verified petition. The Board requires : First. Proof of the publication of the articles of association of the company as required by section 59.

Second. Public notice of the application and hearing before the Board must be published in such form and in such newspapers as the Board shall direct.

Third. At the hearing, proof must be made (by affidavit or oral evidence, or both) that public convenience and necessity require the construction of the railroad.

Fourth. A map and survey of the line as proposed must be filed with the Board, in the case of a steam railroad.

Fifth. Proof must be made of the bona fides of the enterprise, and of the financial ability of the projectors to build the road.

Consolidation or Lease of Parallel and Competing Steam Railroads.

(Section 80, Railroad Law.)

Application must be made by verified petition. Rules for the consideration of applications under this section will be established by the Board in each case.

As to Liability of Reorganized Railroad Company to Extend Its Road.

(Section 83, Railroad Law.)

Application must be made by verified petition. Rules for the consideration of applications under this section will be established by the Board in each case.

Motive Power of Street Railroads.

(Section 100, Railroad Law.)

Application must be made by verified petition. The Board requires: First. Publication of notice of hearing on the application in such form and in such newspapers as the Board shall direct.

Second. At the hearing, affidavit or affidavits of an assessor or person connected with the taxing office or department in the locality, showing the total assessed value of the property bounded on that portion of the railroad with respect to which a change of motive power is proposed, and the value of the property the owners of which have consented to the use of the motive power, which must be at least one-half the total value of abutting property.

Third. In the case of new roads, proof of the consent of the local authorities to the construction of the road.

Use of Tracks of a Street Railroad.

(Section 102, Railroad Law.)

Rules for procedure under this section will be prescribed in each case.

Abandonment of Part of Route of a Street Surface Railroad.

(Section 103, Railroad Law.)

Application must be made by verified petition. The Board requires : First. Two copies of the declaration of abandonment, adopted as required by the section.

Second. Notice of hearing on the application shall be published in such form and in such newspapers as the Board shall prescribe.

Third. Proof must be made by affidavit or oral evidence, or both, that the proportion of the route proposed to be abandoned is no longer necessary for the "successful operation of its road and convenience of the public."

Laying Street Railroad Track Across Steam Railroad Where There are Three or More Steam Railroad Tracks.

(Section 2, chapter 239, Laws 1893.)

Application must be make by verified petition. At the hearing the company making the application must furnish the Board with a map or sketch, showing the crossing and the locality surrounding it.