New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-18
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Surplus OF earnings. ............s IS GOS $50 ~
Operating expenses being a 90 100 per cent OF gross
earnings The surplus earnings for tho year are equal
TO seven per cent the entire stock and bonds OF the
Company.
Tn NAV ~ The great commercial depression OF the past
YEAR and the almost universal failing off OF the earnings
Of railroads throughout the United States the increase
of earnings on your road for the past year graft
flng The Directors take much pleasure in calling the
attention OF stockholders to this fact. the import
ancc of which hardly be ovcresfimatcd In cacu-
ating the future earning capacity OF the property when
the business OF the country shall have been restored TO
something like its former volume The continued settle
ment the Companys lands by good class OF settlers
the increasing production OF the silver mines OF Utah.
the coal mining on the line OF road and the natural
increase trade between the Atlantic and Paciflc
States must all tend swell materially the earnings of
your road In future. The establishment OF friendly
relations with tho Pacific Mail Steamship Company,
which already has enabled your Company to charge
more remuncratve for passengers and freghts Is
very important matter and should not be lost sight OF
in considering the prospective value OF your property
Ills with great pride and eradication that the Direct
ors announce the important % that arrangements have
been made aud the funds provided for the immediate
payment OF the entire floating debt OF the Company.
The expenditure for construction and for rolling
mill Laramie was $50 GS 0ll00 details OF which are
given in appended statement.
Compared with the year previous there has been
increase gross earnings Of $977G 46iOO decrease OF
expenses OF s39O.sy7 fiOo, and increase in surplus
earnings o. sGs4, 673 SO 100.
The ratio expenses to earnings has been decreased
from iS 4GOO per cent TO "a C5lOo per cent
The passenger earnings amounted ~ t3952,e5s $500
and the freight earnings 10 IS G6i. 73l $500.
Upwards OF - miles OF steel aad iron rails havo
been laid during the past year. and the entire track
e. her with the equipment and depos. has been mai
tanned n high Orier OF efficiency, the expenditures for
which were charged TO Cooperating Expenses"
The adopted 10 AVOID bloc kades that
part Of the line which the Rocky Mountains
have very effective and the experience OF the past
Winter which for intensity of cold and de pth OF
has been without precedent in the Rocky Mountains.
fully demonstrates the wisdom Of tnc Board in incur.
rng the large expenditure for Raising the track and
the erection Of snow sheds aud snow fences.
During the year the trains have run with great regu-
ary very few connections either end Of the road
having been missed
From Nov. l. 1874, to March /, 1875 the passen ger
trims on the Union Pacific Railroad failed III "a sin gle
instance only 10 connect with the Central Pacific
trains on end, the trains OF the Iowa roads
the east.
The important work OF filing the temporary trestle
bridges throughout the line of tbs road with cm6ank
inont which WAS progress during the past year. has
been completed In procuring material for this purpose
numerous deep cuttings have been widened. and the
or maintaining ana watching costly snow
aloda obylntcd, whereby important saving In the
fno operating expenses OF the road will be effected.
Tue control by Jour Company OF the coal supply for
ao Of ootlvca has resulted III saving OF $780,
0 during the past year over the year preceding In the
out of fo aud haH enabled settlers along The line Of
tho road 10 obla'n fuol AT corrcspondngiy reduced
rates
Tho 100 W roilInp nlll but br your Company at Lara
mic viii he IN operation ~ Ap'l most with capacity
10 rrrOll 2pUO ionf ~ rails yet inai
Daring the past vent ~" 'ais I" hn fof"lod were
necessarily trans Ioiod dHlan,es al ovo hD nile. Ia
rolling mills east OF Omaha,
1t u estimated that Tho dr,inp Tho current wear
By the Coinpany's operating ia own mIli viii bs aver
$4,000.
During the year tho Company havn successfully
f,oded ei0ooo0oo OF Income Bonds. which msiutod
the LIST OF september into It's Issue OF sinking tad
Bonds BY this exchange the Company mako annual
saving Ia interest ments Of HOUJO per year. TIE
sinking Fund Bonds now rank Of the most popu.
lar ttS they certainly one OF the soundes irest
ioent securities dealt In on the kcw-Yofk sto 0gx-
change.
Another important consideration for the
Of tas CVtpuuy which should 10 lost sisht of