New-York tribune., 1881-10-13

SGUia.-95 80
During more than half Of the ycnr for which this state
menL l. made the compauy's expenses were largely IN
crcnsrG aud revenues somewhat diminished by sharp
and litl ous competition aud by ualuaulng the -taf
nt Organization ~ the Atlantic and Pacific Telegraph
Company under The tnen existing agreemcnt' ana dur-
inc ffe latter half much ~ the duplicate eNp,nditurrs
ioT rents ETC. besides extraordinary legal expenditure
From the statement of the revenues and disbnrse-
mants of the company from July l. 1866, II appears
that of the y-one and quarter millions OF net
profits accrung TO the company in the last hiietn
wears more than twcnty-SiN and thror-quhrI'r mn
lions have been paid to stockholders m cash dl'i
dends more than seventeen and a quarter millions
m stock dividends, six millions Tor Interest anu
sinking fund bonded debt, leaving a present
surplus unappropriated of one million and ninety
thousand dollars. go , -.
An account of the consolidation with the Western
Union Company of the Ines and pEopcrleshl me
American Union Telegraph Company ana oi me
Atlantic ana BaclhC Telegraph Oolhpany 10 a'0O
given:
In the general statement presented the item OF
the Atlantic aud Pacific Telegraph Company stock II
taken out list II assets and charged with the hhs
auUropTatcd Of net profits. The remainder OF arHfS
now aggTegating sixteen aud half millions, a
credited by the fifteen and half millions when mas
been capitalized by the stock dividend These assets
have actual value much greater than tho cost value
al which they were stated
The business OF the year ending June 80 has beeu e1
ceedingy gratifying, considering It has been year oil
cons,drrabIc xpenditureH eectng results.
the quarter which haA expired since the end ol t'
gscai wear for which this report Is made large ncrease
of net profits II shown, indicating very much better re-
suits for the ensuing year.
n will De seen that there invested In new and cd
dOna properties ~ 6,5l2 80. These large additions
TO the plant and acquisitions Of telegraph sOcAs and
uropertes are IN pursuance Of the long eHihD-
shed policy which has built up and expanded the CON
pany To ia present dimensions and strength and tIe
moneys invested therein believed tn be worth more
TO the stockholders than II paid to them III cAzh dFi
dcnds.
Tho capital stock Of the Gold and stock Telegraph
Company Ia $5OOOOOO, Of which tue Western unlOh
TELEGRAPH Company owns 81 SOC 800, ana the company
itself SIO5 200. Its bonded debt, maturing May l.
1882 H. SJOOOOJ, Of which S65,3OO Is owned Dy the
company. ~, 400, -,
It's ne profits for the year ending Juno 80 1881, were
RD2422 49, During the year were paid Tor quarterly
dividends, 100000; for interest on bonded dcDt,
S35 900; for construction o. lines ana purchase on
patents $4,000 Tho surplus for the year, OF
$lO7, 800 has been invested In telephone stocks
The earnings OF the company for the year were up
wards Of q per cent on It's present catal STOCK aoo'
It's interest account. ~.
The eaptal stock OF the International Ocean Ielc-
graph Company $ei,OOO,OOO, uf which the stern
Union Telegraph Company owns $l,JlI,OOO, anu tho
company Itself owns Sl0f 600. Ii hiss no debt.
It's uei profits for the ending June 80 1881, Ntro
S22g ZJ2 90. During the there was pald loi quar-
terly dividends, S9G,37S, and for conHrilctlon anu anu
otner new property 50 s73 o. leaving the casn
al the close Of the year, Sl52744 0i, or S2'oUO -
The company Is earning and paying at the ihte
OF Der cent per annun on it's present capital
Tue gross earnings OF the Western Union Ieegrhpn
Company for the ensuing year cannot De less tna %
SI5 900 600 and the net profits can scarcely lh pul
81 100000. The earnings are now, ana nave Deen o
the first quarter just closed at rate considerably ABOVE
the figures named