Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1877-08-14
Statement of The Condition Of the c
&M. W. Railroad.
Jsseph's Indians Killing Settlers IS
they Retreat.
Confirmation Of the Account Of Glib.
bon's Battle.
n.,ss Democrat. ,sts,s. IN shss coa.entlen
MISCELLANEOUS.
A FINANCIAL STATEMENT


the Chicago & Northwestern railroad IL
officially promulgated. The income of the
company proper, operating 1909 10 miles of
road is set forth as follows: Gross earn.
ings for passengers. t3,Ols.o22.7s; freight,
eS.20l ,5s3.72; express. t94s. .0Os36; mail
$2s4. .702. SO ; miscellaneous, $G5. .592 IS. To-
tai, ell, ,s77, ,5ooOso Operating expenses
and taxss we're $a547, 600, o., leavins . bal
ance Of S5.329,sl9.s7, from which the
amount deducted of the interest and sinking
fund or bonds is s2,264, ,259.s7, on gold,
cupons, 1922, l63, 95; interest aud exchange,
35,072; balance of old tax on capital stock,
sl,s74.l45,l5; amount paid in exchange Of
the old Galena and Chicago Union railroad
stock, S557, ,s2; rent Of the Chicago, Iowa
and Nebraska r. r., $47i, ,464 80; rent ofthe
Cedar Rapids and Missouri river railroad,
1921, ,4s9,es. Total ss,4s4, ,sol,74, leaving a
net income Of the c & N w railway COM
pany proper, for the year, sl,s35. .Ols,2a.
This is reduced some seven hundred thous.
and dollars by the deficiency on proprietory
roads. Speaking of the falling off in bus
iness for the past year and prospects
Of revival this fall, President Keep says the
gross earnings Of the united roads for the
first half Of the fiscal year to Dec. LIST were
less BY 1884 sis, 80 than those Of the CORES
ponding six months Of the preceding year,
but the falling ofin earnings Wa more than
INST By BY . reduction in exps.ss and the
result, WAS gain ef s2ls,e2o,4 ,40in the,nes
income Of the company. The expectations
which were satsrsained fof the last half Of
the fiscal year would with the continuance of
decreased expenses show as favorable net
results as did the corresponding period Of
the previous year in sufficient amount 70
justify q moderate dividend on preferred
stock in June, and leave . handsome surplus
to the credit of the years income. This q.
pectation WAS frustrated ~
the light business Of The winter
and spring. The low prices for itettht,
which always comes from lsck sOf busi.
ness BY the various routes, and tAe,aow
rates obtained under the operation OF ihe
rsstricttve laws of lows. have 10 part con.
duced to the reduction of the earninel The
general and widespread depression perva.
ding in tho country would have weighed
still more heavily upon our revenue during
the last year, he'd the resources from which
the company derives It's business been less
varied than they are atpresent. The season
has already sufficiently. advanced to assure
an abundant harvest in the west and north
west, especially wheat. Every indication
points to On early and constant demand for
breadstutis and traffic on all Of our railroads
will soon feel the movement. There Is en-
co,,ragement in the change from old years
b,ainess to the new, in the prospects Of
improvsmeat id Ill sources Of revenue
during the new fiscal year, and in the
certainty Of corresponding increase in
value Of the stocks and l,onds
of:she company's permanent way. The re.
port says on this point tha. the value Of
propsssy % its owners and lie cdac,ency to
the public are steadily enhanced BY the i'm.
provsments oe durable character made In
the permanent way. Steal track 70 The
extent Of l5l, ,73.l00 miles was laid during
~ last ysar. making 59i, $500 miles 10
'uss on ~ 8tss sf Na5 last. Thu Mjll be
ilDcreassd . about 40 miles, dsiiss the
present year.
MAlNE pxMocRArS.
Portland. Ne, Az. N.-The dsnoe,a,
STATE convsnsion aarsmbled u li:l5 O'Clock
this morning and vaa called to order by
Hon. 4. r. Piilsbasy. chatra.n Il .As ss.,
eoanhses. TAsss vas lasss and isselli.
esas aaasnlly pssssnl. Hoa. wa. L. Put
aan, ofPosNGad, ~. soasina,s.l 6s ,m,.o,
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