, 1875-07-23
MICHIGAN CENTRAL.

1io sfo's ,a osrn,"gn g., Of Tho n,sin , ns ,er,.
1874. were.: 7aa.a1
During tho past ycar they Lave beta..... 5so3
-,.o ~, ~
Tic eie,ses e the sin !no were, for tho ron m
year enna way " ls4...'.''' IL ~
During the past year they wcfS.'..'.''.. 4lo7t9.la
.,.-..-.
Icing reelection Of expenses IN main Inns e,oo me- o.
r business a.: s'''o'o.''
Tile nut enrSn ~ the maln !he' toe toS ~
During tho lElst year tAey Tcfe.s.'''. 4''h'a"'o5
<-, "a, =,
Heflhg sasn Oh s''''A'S'
from the whols business of the Company "a ,,o "a
That ui1oh inc na'n Hnc aaA 'etn' 'ne'o m .o7 a7
''''''''''''''''''' 1o''l.o9
And qgon ths ls,.ed s" u ,1s. M ,:x: fop7
~ ~ % .3taa H. ~ a. o 11ns ,I,c WITH, - t;,tx
aoubis doubts track. t :s and asoa as sush. ' ~ 'l''
rs tlU noaEa arc eumnsllct to zssS Wlll carry w
~. it,e . Gneoa1asc@s5ohs mem ta5 a T., an W.
had mt Htte 20 wren Is 6taIoa taat Tue ofefalin8
~ ha seeo,ts ,nnrsssr v cnaroina ~ them fto,
= saspsasd sossant. asay slaia; ea'.ssadins To- ~
Of s2a, ,75 which rroperly shoulI hsyp been chnraed
nasnss ne revenues Il proy years. instead Of sgsns
ioso OF Tits ,aet rear Though tho uct carninCs OF
this year however might With prprrcty be stated 1t
that amount greater, Aborn MI TIC proper Operating
expenses Of tic year Just closed still tic business of
viii be far from satisfactory 10 stockhoiders. TAa
ca,soa Will oppoar in te o,beeauont etatemcnts Of
tll!s report: ,... ..,.,,
as xas se a rs Sat
epl especially for wheat xud douf, Those rrnlucona
Of the ast yeas hsyu therefore only moved frum tho
Of the los narke.s They aso ysry laresly even now
In the granartcs aud warehouses of Tie Most. They
nnF "a ss sw To-. It ss 1ns
III tho history uf transportation In sh!s country,
Aud vat thc1o b.a bean
in tho ouanjty ot Ius.nes. ~ te Msh;aan Central
iL,au driua tbs pnst ycsr. Tho,e who Tcad tle ass
miyad nysr In rna ltnrnr ttn xear corcTnn r.
that rc{yort oyc, TINT Of my frior year Has
to vs.y la!ss amour. Of !1Sa tent; Tho eross
tha 1sst ycor the aross tonnsuo oysI was 1Gt. .:gu
enu an Of II SO tona oyor tbat Of to prior
ssaa.o asa as Been o1 BOTH tbtouoh md ioesi tom
naee, That stoctholdcrs NAV arprectao tbs rcauar
nn Of tna ruad. the touusao moy n csch Of tbo LII
dyo yeara Ia uIre,,. Ii ia u {ulfuws:
Il 1s1o.....: ~ ton.In .,lese, ton.
~ H. ~ i tms ~ III. SIi ~ ons ons
~ no, .onsn ~. "nS
Tha eno"a tho steady progress OF tao naAi!lcas OF
the roa 70 far ~ ynl'no y conccsned eVen esnce ths
ra1Ic VI 1878. ~ well ns oelosc.
PROSPECTIVE.
Tho regular increase Ia tue vulumc Of hu.neas in
tho past, year by ycar, will enabe epckholcrn to
indge how soon, BY natural Development ouly. tbs
present largo touaa9a moved VII be toupIe nld COLI
acou9utsJ tao utEpst caPahtlt'os OF Tue rn.a osen
called in'o ee OF tl9 absolute nsccssty Of a.! ihe
demunds Of hastness. and nut Il upon footing 70
eohire1a eHccesnin1!y *tn ~ f,sA! Anch. Me Aoara
vf ao' Ha spH no a il e
toEosoen, ara therefore, ths EeYanno snste1tea from
ae ~ yne o' y ss. @ ns' not 1sa o
aerrcsacd ~ ostraurdinas e,rsanssanses. seheIaai
T' @ % reduction s IT,, f. how
would nsse ony nsaaa 1nore olessE, eYasnt from tho
beginning, The aasonte necessity of ~ tho i.nproye~
sH psny to % sse Wit tv Stry ssesiIy
already Increased tral1c and tho future st't larGes
ro st @ ley s.tss soSs Il r s@s
larKer business prs.:ng ,,Ion 4 In la1o and which
would haso besn tha direct way toths total Or
noafy tne O. NJ let IIotn ~
ope win no Hnlty to eotpRots TOT through ttsiaas or
nd s'o M a
anu act upon tho Discrimination 70 PVT Tho ruad into
saSn sase III ~ Ms ~ - % eaahe ~ ~ 70 q
1nt conlste 1oe ~ ptstnesA "'ta sne ocst oi ~ com
pottors: iho .esns o. tne ttans, even tane 'a!;
oa4at By ~ ns;s4 .aat e1s h. Ies 70
anrng the Yaet two years. :. W us Michigan ccaszl
Noad. ~. however, .........
| TIE REVENUE or TIE PROPERTY or TIE COMPANY
have not win tho ihcrcso o! tho b1tl'
stsemsnts % foraery n.ds te nosrd again esll theis
attention 10 tic progressive reuct1on Of rates, and
he Consequences Of upon tAo earnings Of the roAd
he rats per ton Per nln on al freight carried shove
a easniu8 from every ton o. tscigh for every mi!o
measure Of the re,ced easnlngs in sash year. Thia
business In 1868. ten years ago xaa 100 uents oos
ye.r aAles II Ma4 eu-!W oeAts: Two Seafs !atei
] Hill MA4 ! A'!Q9 c4Hts: ~ Aott y Wa ua-4bu
UG L.