, 1877-08-14

Total ......... .....Sl1 1tfft 80
Net proht for The sear......"........$ ~ s;o
Net profit previous ycaF.:............. 1.l1o.7Jo
Decrease. ..............s 1o1, 400
The total number of passengers carried Turing
the Asrat year WIS 3,31.SIl, decrease III !!:!.-
90. Tue nunlbrr carried ono mile was Ill.,
"a sS cst. be sserssc ss S.snss ~
clet by cacl, passenger was 34..E miles.
The aggre9atc quantity Ct freight moved on
all the incs was !, ,l3,fos tons, decrease Of
4s;,l,i, ,Ho, a decrease Of ii,75{,4S9 TONS. The
average raic pcr ton per milo was l;S' cents,
against 1,a1 cents tic nreyioss ycar. Thu aver
ags haul ot eae ton Of irefEt was ~ n'!es M Ia,
2,txsa,,S and tho freight 4,i27,G05.
The total charges lavc been reduced on the
trou, slaSai,o15 in liz preceding wear !o Sill.
saving to tie Cun.pai,y OF ssT.l:h There was
q reduction ot $s;f,a9 IN w. operntlnI ... ex.
proper. $lt,5fs rct.ilction n its taxrs, at?,sl9
*49,G@l iu rental of lowa roads, s9'Gs:
ia e"s a1~. n a n, s5ec r prol o.
prictary rouls. Tie rondtlun Of the property
in all lts departments, Under tug rtEtu ccono'
mics Of tho lust year, lias been fully kept up,
an,t preserved a4ainst depreciation and 'aoeay.
Tho track, mud especially ,lat upon t4c great
main thoroughtares VI the con,pany's lines,
a1tl tho ruliluE.*tock. arc ln exceptionally Eou
order, and Will jnstlfy comparison with other
| tirst-c3ass roa1!s. Thc operating Gxpcnsca Tor
five ycars previous to the Inst fiscal year aver,,
agci s1,E;l, ,ua9 per year, aud for tho last isc'l
year they were to, ::ss0, ,uss, being decrease Of
| $l,3lI,311 hctow such average.
| The percentage of operating expenses, taxes.
ctc.. tt gross earnings WAS ~ pst cent Tor tlln
Chicago 4 Northwestern, aud 59ot pr ceut for
thc rol,,h!ncA property for the fiscal year Of
crca,c'i revenue, they wcre IS per cent and
i1.7a per cent respectively. The entire torve OF
the Company, !.,vluIfng all cIaA*cs Of officers
and employees. liaa been re''uccd l,o9 during
tic ycar, the ayrr1ge number employed bclhE
1,S1 persons, equivalent to 3.oo for caeh milo
rl.e equipment OF tho Company. consists Of
80 locomotives ani o'::'so cars VI a'l desesip-
Tho total expenditure during the year t for
construction purposes was eAGo0i, Of WHICH
s+S...1+a were used Oh tho main llno nit! sl63,-
| U10 on the proprietary roatis.
At tlls present tins tbers aru outstanding OF
the old Galcna stock hut twelve sharcs, aud tho
saa,s amount u Chicago u s'tiwaukce stock:
During tho year the co1npany laid 15l. IL mIles
rond hcnE now sol. .D9 miles.
III concluding tho report President Kcop
sars:
Thu gross sarn,nget q tho unitsl road. for the the
By s.tH, hla.W than thoAe Of tho eorfc.
spondng s'5 m"n!h@ Of the preceding year:
sait @ was M sa;n Of VIII ito 10 n tha net Income
4 I'll ss ss 81 e. ws %a se
continuance Of decreased expenses. show ~ favor.
abo net result. a. dit the period g.
a n,a4lcrata dividend on tho nrcfarred stock 4
June. sud leavr hsndsame % surplus t. the credit
m tfascd I'D ~ ths iixht bu.ines, ol ths winter and
sprinR, and II soon becams manifest thu,
s Of VII se' staaGep 81 fGisp e. e. s
eranshes Of ,as +, s1npassi.,sd snp r,, wt
| mud general a1tEinka.e at receipts CHsned. Low
prices snr froigas, which always come from lick
hu.ne.s. n .hs ,sIoa. rSatts. an y shs Low
have in part coluce,l to tic reduction OF eafn,nHs
Tbu general and wl'luapre.a depr.ss!on pnfvadin.
s9a" w aa afs M s va Yoa I'D Sc
sources from which 81 Company derives IT. bus!
assn s.. saFs ,hs1 thsy a1s ,.,v,
and ticir ra'ntacatlons cover tho quadrant of !
circle, wt.osc radius Of over 800 mtlss snseps =
/. Nearly uyrsy satrty of ntoductlon and industr'
tncident t" the vigorous activity Of shat country
Ss r. oa ahs aa IT, ua, 20 ~
i. within l!.s limbs Of these tnelo.ial l,ne' r.
."n M nre sse eSnrsr soas' s, %s1s IT, e., s@os ons
hee hs s1tsasl,s @ ~hsat
Grsat id diversified product. of .oue Of tho fair
81 s"a ~, 9, 'h1s!1S 4 g1.''ea: o. . ss. ~
con.f.huts in rruater or lcss degrees 10 tho ro!um
~ y, Of traffic which support. "ur revenues.
This bustncss VI tho rear has thown that not q
s.srnason u lie .tmss. Tha isain.5la Division
which extends from Furi IIoward thruuxh the grea
an othsr iocaltles on tAs shpe Vi Ufaen Day. 40
reaches tbs ssVn nhss VI thu Saf4ucta dlstFtct
Es:aunes. Increased isA business during the IL
~ Thl4 ,ncrea.e amounted to s3loT.aa. aud v.