, 1879-03-01

road hare brcn furnished TnR TRIBUNE. The
report makes VERY good showing, md speaks
well for the present management OF tho roud.
Tie following is full abstract from President
For|Jcs' report, and Ia which nro contained most
itetns Of Interest:
The gross earnings of the Company III ILL.,
ndfs anu luwn, Including all leased roads aid
brAneses, have been.
rto,, rron tteiaht: ........s1i' ib2.i5S
From mail, rxpseas, and
p. ln'accllhnehns.. 622, 143
From inteltst and Gx-
GHAHHs.tt. .s.....'.'. O.Auz
The operating expenses. Including
taxes, hafc oech. ch................... 7.H71.Dl6
Leaving net earnings from operating o,147t $50
Tut Of tue net earnings have been maid the
following amounts, For rent Of tracks and
sspyts -a! Interest % bods sink!ng-fund, etc,
~ Tux IN capital stock lately der!ded adversely,
dividends, alid renewal funds, So III, 1888, max
Ivy altota Of tnolS 3 i it-leaTI'g net surplus
per cent, sid thc rccefpts from frGsxht Increased
oniy 1d U.lU per cent. These figures lntiicato
tlat tic voltllnc Of business las increased faster
an the earFs; e, III lhs increase Of freight ears
with The !ncrcasc ot business. Tho t,ayf,ents
Tor rent Of A.ars In fBiY amounted to Ell3,ED03
as compared With $i51, s:si.N patd III 1877. Thls
shows dimInut!on Of s3a, lUN.Ss, but indicates
frefglltears nre Sill considerably in advance Of
tho present supply.
Tl!r funded dcl''t Of t',o Company at tue dato
81 The last report. including the contingent aia-
tlm Hurllngtnn a. Missouri River Railroad Com
pany (1owa}, was s30, WI SIS; nrt increase Of
funded elest 6es u, !s!s; @ *sJ,sf, f wSole 1Ua1s
VI, t5S,b:H,5l1.
Il!c number Of mi,cs Of road owned and leased
BY the Company at the beginning Of The year,
Including oil bfanshes, md also tl,c St. Louis,
lsosk lslan'l d Cbtcaro KntIroad. was 1,5l7
miles. There haso bscn added during tile
ycnr in Iowa dity.u{no milct, and
for roads leased and operated Jointly with other
cosnpaHtcs mud for roads FOR which fixed year
ly rental Ii paid. 10o miles, making The total
length Of road operated BY the CONTRARY Dec.
81 l.10o miles. The equipment NJ the end Of
the year Is as follows: Three hundred mud forty
one cnEincs, I'LL PASSENGER cara, ~ baEgage,
maiI. md express sass, 7,t0t box, freight, and
cars, dining cars, oilircrs' cars, wrerl;iux
nni tool cars. 49, hnud ears, aitd 3B7 rubblu
cars.
The report concludes as follows:
When considering tho question Of rcorcaniz!ng
tue attention Of thc Duard was forctuly drawn 10
the low estimate thcn put upon eomc Of our bunds
secutcs Upou eae @ah o It,
JrCi. It was believed that ss discrimination ngalst
tug Company was Gllrtiy owing to the waut III an
saiae ground 10 cesan cxtct Masf tnaa naa
tue debt boro 81, unNu propnsiion TO tue ,narrnu Ut
capital; - less dcesee the to9 hrh rates of the
keep tho securities out VI thu portfolio. Of trus.
tees md othtr conservative 1aycsturt, s!u natur-
nr9,nrinr nn inSnnr whrt r,n ~ M c1anvao sa. ana
divided sc'n.pni!Hny witli0.tt trcHching upon the
In VIM Of ihra" nni ',thrr rnu,tae,o,,,,. .v,,,r
nee o"r. o waen
" t ~ eat M 1s hoaf a ~ aosaea M 81.
sssa a esen =! os pu
crs ,nny n % Him. ~ sa aS 10 faso ~
rtnncr tn iast. in I'm stuc.inicT. rn,v stncr =,
s o @ @ es
II y f f.. ay hs peton
II e sooa crops. ' rapSiy Eiowins a' eonnry nni
urosuc1oss They h;.yo oceofdiusIy eat1toi ta
rcucswal fmn mi of thc nrninarr M, ca,ninCs ts
Nut Of ST, 00u, tj0, aid have offered 10 tho stoek
IL mcct tho b,tsncss nrrady r.. mre..nu nm, tho
comnmv III" Hirrctnrs inrn,, ~ 1s*, .pu1 ~, o eo
insI3sl i; sxsaa,t;a5s' y, ths asiu;s Will ~.
II 1H-H IND Whit ran ne nnid f"r o,t e -, .c
u1s rarnngs ot is7s. and tIo nroeseas " n, H.
wb" hny,, wuichs, l,,o nrasth ~ thc c,,ntrv n1sg
turouah Which, Ihis roaI pavsrss and ~ tin t"a;t
ifun ,trrr Inn r,st tnn ron ~ - il
~ W. INT H ~ n,na,.ha Xxi ~ ~ ~ @
stcn, Ilncs nf ralraad to stapd sti The pont e,
unmy ~ eTn ucnicai viii. t,ase nf the ae uaons
nun,ely. 10 ,.,sct tha natnral " AM bcuitnys
u"t'' " III. ~ TIM ro,,nirv in.s aAe ,a, ,.ua'aJ
M'"i i T. teudy o to s pay fir rcturn ns' tor o.
iafinn prnr ,n 1S7H tnarn W. wa -, rnnan,.;
;n."ct,s tv"n tn raii,nnd hn,ii,n, i,v H. nn
."rt5 ~ ~ H., ~" raIn Il ~ INV -, i
,nnn~css r. trrn,s of ra,npstt,nn +, onm,;.a
t n,' - ,,dixIno,s ~ xcrn .o,nI; In ht.
~ rsmntr,a n r"I1rnsS. and .v;t.", ~ ..st
w. ina,sr ~ u,yo ts,e a,a ~ icssas e.
1u.ns,,""s 'ae' a'4 " 'e"'es ao o'ner
tn.s nar,nh of nro,tr,t1on ,vb;ch fo,,ow.d ,v,
o,a,,v Psnst ron ~ ~ tn .a,,'tn ". H. Ws, VIZ WI
% = i.n.I ~.rnat +, hn S thas , at
nv" icarnnJ snmcthinr ~ liz sbn ~ ins.n ~
ppsi,nlIa 10 as bad a mistake as to make q loo
rapld advance. II the Wcst con'lnuua In tis
h,eSe"t ho fntn,, p.cri WAL nns
t,lorc mIlca Of double track, sJme other
facilities fof ottsl,sSt,; ,, ara some additional
IL" unn,,cs,inmabla wants "f onr rosd ans - ia
sncans oi payment. Lodging tu thu ayaiiabs To-
SOURCES u The Company II Viii Dn seen 1s1tn ths