Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1882-03-16
Pennsylvania Railroad Report.

The annual report of the PennsyI-
vania railroad company is published
in the larger daily papers, showing the
wonderful operations of this gigantic
corporation-the vast extent of terri
tory it traverses and accommodates
with the facilities of trade and travel,
and its no less wonderful productive
resources. The following abstract we'll
exhibits its income and expenses for
the year 1881, which We clip from the
Lancaster Hteiligencer
The Pennsylvania railroad company
report for 1881, prepared and published
in anticipation Of the annual meeting Ot
the stock holders, on March IL, shows
that the gross earnings of the main line
and branches from Pittsburgh to Phila.
delphia were S2T.6i7,0O9; expenses,
$l5,46S 469; net earnings from operat
ing, Sl2,I7S,5i0. to which add interest
on investments in cash, 1921 400 and
suudry other items, $jl2, l6O aggregat.
ing $3,T23626, making the total net
earnings $l5,902 l66 from which de.
duct rentals paid branch roads. inter.
est on bonded debt, interest on car
trusts and state taxes, Sj,TGO AS, and
it leaves the net income of the Penn.
sylvania railroad division at Sl0,l3l,7lS.
The United New Jersey railroad canal
company shows gross earnings OF Sl3,
O22. sos expenses, s. .Sll PSI net earn.
ings from operating. 81, 81 ,5S4; TO which
add interest on Investments in cash,
$2l0,S36. which makes the total net
earnings 81, ~, ,420, from which deduct
the payments on account of dividends
and interest and the interest on equip
ments, 81, ,725. .2S5. showing a net loss in
operating OF 1902, SOS, which deducted
from the net income of the Pennsyl.
vania railroad division. leaves n balance
of 80, ,S2S, ,s53. The Philadelphia i Erie
railroad shows gross earnings of S3.ij4,
30g expenses, a., ,430, ,0G0 net earnings.
$l,024 .249, from which deduct interest
for use OF equipments and extraordl-
nary expenses $500 624, and il leaves a
balance of $T23. .625, which was paid over
10 that company as rental. From the
net income Of the Pennsy lvania railroad
division 80 S2S ,Sj3 have been deducted
--payments to the trust fund. 5000 GOO
10 the consolidated mortgage sinking
fund, $3.50, ,450. add sundry other pay.
ments on account OF the guarantees,
1881 ,89i, aggregatinR sl.767, ,S7l. leaving
balance OF $3.50 9S2, out OF which
were paid dividends aggtegating eight
per cent. and leaving q balance of 81.
199. .265. to which add the amount re
. b. af II "a
profits on the sale Of securities. &c,
1853, $50 making $3.50, l3l, which is the
amount transferred to the credit or pro
fit and loss for the year. This amount
at the beginning Of the year was Si,T93,.
9i9. so that the total amount to credit
of profit and loss December 81. 1881, is
1924 050. The lines west OF Pittsburgh
show a profit in excess Of all Liabilities
of S2,5l ,g27, out Of which was paid
dividend oi five per cent. on the capital
stock. 81 600 900 (all Of which goes TO
the Pennsylvania railroad. and sundry
amounts charged off, $s07, ,5j4, and the
amount carried to credit Of profit and
loss for the year was S70i 373-the total
amount to the credit of profit and loss
December 81, 1881, being S3.S53.T47.
The sum Of 81 .659.G .G39 was expended for
construction and equipment east Of
Pittsburgh end Erie in 1881. and the
sum OF $G90 $40 advanced to branch and
auxiliary lines for Improvement and
extensions. The amount expended for
betterments west of Pittsburgh was Sl.
S9j. .l68. The gross earnings on all lines
east and west OF Pittsburgh IN 1881 were
$T5, lS2,9T4; gross expenses. $40. .243. .27s,
showing net earnings Of SlS .930, ,6g6
The number Of tons Of freight moved
was $500 GIG, and the number of pnss
engers carried was 29,GS6, ,qs5. The
Trust Fund created October. 1878. has
had appropriations made to 1t amount
ing to 81. 800 900, with which snd Its ac.
cretions securities have been purchased
aggregating $2.O2S, 900. The report Is
clear statement of the physical and
financial condition OF the company. and
is full of interesting information.
--------s--------- -