Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1861-05-09
Pittsbursh, Fort Wayne & Chicago Rail-
'h A.'ii i-iD road. it


D. da'a9-ib Q ~ road. aaiis'ft fs
The fourth annual report Of the Pitts
burg. Fort, Wayne & Chicago Railroad
has just been issued..f s1s.!aig i1sI rs
10 From a cufsory glance over its pages.
we find that the earnings Of the line for
the last year were 81. 335. 353 50, being
an Incl ease over the earnings of the prcvi-
Gus year Of 1863, 500 03. or thirteen and
seven-tenths per cent, The expenses of
the road for the same period are given at
81. 573.79S 81. or sixty-seven and one
third per cent. Of its entire earnings. Al
though there is an increase Of thirteen and
half per cent. of net earnings per mile Of
road during the year. as compared with
the previous year, yet this increase per
cent. is not equal to the percentage Of in
crease business for 1860 over 1859. owing
TO the fact that in the single item OF
maintenance of way" there is an increase
Of else. $50 So. Or fifty-thrce and eight
tenths per cent. y & - q H'i1 'aHr
During the year there were placed in the
track sol. 74l new cross ties, $4,000 new
chairs. 4 900 kegs of spikes. 1000 tons
Of repaired rails. $500 tons te-roIled rails,
and I 800 tons Of new rails. at an aggre-
gate cost for materials alone OF $3.50, 900,
which is equivalent to the building Of
sixty miles of new track. The repairs
have not yet been made to the extent re-
quired. bat large disbursements will be
necessary the current year for cross ties,
re-roIled rails. bridges. and station build
ings. it being the intention Of the Receiv-
er. as it is the wish Of the Board Of Direc-
tors. that the property shall be in good re-
pair at the close OF the year. During the
year three new station houses were erected
-one at Fort Wayne another at Bucyrus,
and the third at Valparaiso At Fort
Wayne. the buildings. a very substantial
brick. and with tin roof. cost $4,000.
With relation to the prospect Of. the
road. Mr.. Cass. Presidcn, Of the Board Of
Directors. says in his report: The business
Of the road during the past year. and thus
far in the present. is sufficient 20 reassure
you chat there is value in your property
somewhat commen ura'e with its cost
As the country along The line of the road.
and especially west of Crestline. becom,s
developed--as it soon must-the local
traffic will very largely increase. and even.
tnaily equal the through" traffic; the lat
ter being now nearly double the former as
regards freight. 4 = =.
:. Up to the first of this year orr advauta.
ges as a through line between. Chicago
aud the Atlantic cities was hardly recog-
nized by our competitors; but another year
will. we think. give MS a position, equal TO
any Of the through lines-from which corr
responding benefits must flow. and will be
exhibited in increased business and earn
ings. Great impa.ience is sometimes ex-
Inhibited by stockholders at the non-pay
ment of dividends. without rejecting that
they have never jet paid for the road
Until the property is paid for. or accepfa-
Heterogeneous maize for payment at a
future da,, SO as to liberate current earn
ings. no stockholder acquainted with the
first principles of business could expect a
dividend. When the road shall he bnit.
put in good condition, and so paid for that
no ,rortion of the current earnings will be
required. or taken. to pay for capital
(other than intest- then have STOCKHOLDERS
good, reason to look for divilends-and
we have belief that they will not look in
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