and other lands of the company. His supervision is of construction, real estate, and a portion of maintenance of way. The traffic manager, who is also the secretary and second vice president, has supervision of all traffic matters, having a general freight and passenger agent in direct charge of traffic matters. His duties, therefore, relate both to the traffic and the executive departments. The auditor, who is also assistant secretary and assistant treasurer, has full charge of the accounting, with a car accountant reporting to him, being in consequence an accounting and operating official. All these officers are located at the company's headquarters in Manistee, Mich. The general counsel, retained to look after the legal affairs of the company, is located at Grand Rapids. ATCHISON, TOPEKA & SANTA FE SYSTEM This system has a total mileage of 11,136.43 miles and extends from Chicago through Kansas City to San Francisco, Los Angeles, and San Diego on the Pacific Coast, Galveston on the Gulf of Mexico, El Paso on the Rio Grande, and Denver in the Rocky Mountains, reaching practically every city of importance in the Southwest. It has important systems of lines in Texas, Arizona, and New Mexico, and many branches in Nebraska, Kansas, Colorado, and Oklahoma. Its total capitalization for 11,022.35 miles of its system June 30, 1915, was $625,000,000 in round numbers, or at the rate of $57,000 per mile, divided about evenly between funded debt and stock, the stock being owned by more than 43,000 shareholders. Its gross revenue per mile was $10,856.32 and its net income $3,321.47. The operating ratio was 64.67 per cent. Its dividend rate on common stock for the past years has been 6 per cent annually. It underwent a drastic reorganization in 1896, which in connection with its excellent administration since, accounts for its healthful financial condition. Its organization is therefore an interesting study, as the dividend available after all fixed charges and earnings have been paid is the final test of any organization. The organization chart is of the Atchison, Topeka & Santa Fe Railway Company only and does not include the Gulf, Colorado & Santa Fe Railway and other lines in Texas which are a part of the parent system. The chairman of the executive committee, located in New York, is also general counsel, and he and the president, located in Chicago, report directly to the executive committee. The president has an assistant in Chicago and one in San Francisco. Financial The comptroller reports to the president. He is located in New York and is the financial representative of the company in the East. He attends to the disbursement of interest on bonds and other obligations and dividends on stock, and also supervises the transfer of stock in New York. He receives money from the treasurer at Topeka and the assistant treasurer at Los Angeles, but those officers do not report to him in other matters. He attends also to the delivery of securities. He is not connected with the accounting department in any way, the head of that department, the general auditor, reporting to the president direct. He is assisted in the duties mentioned by a deputy comptroller, who acts for him in his absence; an assistant secretary who attends to the transfers of stock and other secretarial duties; and an assistant treasurer in the receiving and banking of |