The daily gazette., 1882-03-07
Ths sIy.nla Aallro.a Earn


The report Of the President Of the
Pennsylvania Railroad Company shows
that the gross earnings Of the main line
and branches from Plttsburg to Phila-
delphla were $27, ,647, ,009; expepsss, $751;
46S, 400 net earning from operation,
$l2,l7S,540, to which add interest ON in
vestments in cash, $9,211 ,466, aud sun
dry other items, $612, 100, aggregating
50 723, G26,making the total net earnings
1902, 1866; from which deduct rentals
paid branch roads, Interest on bonded
debts, interest on car trusts and State
taxes, $5.T70, ,44S and It leaves the net
income of the Pennsylvania Railroad
Division at $40, ,13I.Tl6.
The United New Jersey Rail-
road and the Canal Company
shows gross esrnisgs Of $13, ,022, ,S05; ex-
peDses, $s,81l ,2B1; net earnings from
operating $4,21l.5S4; to which add In
vestments in cash, $2l0. $50, which
makes the total net earnings 81, ,422, 400,
from which deduct the payments on ac-
count OF dividends and interest and the
interest on equipments, "a, ,726. .2e5, show
ing net loss IN operating Of $302 1886,
which deducted from the net income Of
the Pennsylvania Railroad Division,
leaves balance Of So, ,o26, ,e53.
The Philadelphia and Erie Railroad
shows gross earnings of So, 3,454,300; ex-
penses, S2,430, 900; net earnings, ST.
O24, ,249, from which deduct interest for
use of equipment and extraordinary ex-
penses, $500, ,624, and 1t leaves 4 balance
of $723, TBS, which was paid over to that
company IS rental. From the net in-
come Of the Pennsylvania Railroad Di-
vision, 1928, 853 have been deducted
payments to the trust fund, 5000, 900; TO
the consolidated mortgage sinking fund,
$2S6, ,430, and snndry other payments on
account of guarantees, 1881, ,391, aggre-
eating S1,767,671, leaving a, balance OF
SS,0SO.9S2, out of which were paid div
idends aggregating 8 per cent. and leav-
ing balance of $2,199.2e5, to which
add the amount realized from settle
meDto ct old accounts profits on the
sale ofsecuritie,, etc., $3.50, 1856, making
$3.50, 1881, which is the amount trans
ferred to the credit Of profit and loss for
The year. This amount at the begin
ming of tie year was $7,793 $40, so that
the total amount 10 credit Of profit and
loss December 81, 1881, is $10,344, ,0S0.
The lines west of Pittsburg show q
profit ofin excess of all liabilities Of
50, ,927, out Of which was paid q
dividend of per cent. on the capital
stock, 81, 900, 900 (all of which goes to
the Pennsylvanis RailrOad), and sun,
dry amounts charged of, eSo7, 664
and the amount carried to the credit
of profit and loss for the year wal
$704, S73-the total amount to the
credit Of profit and loss Decenber 81
1851, being e3,s53,747. The SUM o
"a, 659, $50 was expended for cOnstruo
tion and equipment east Of Pittsburf
and Erie in 1881, and the sum Of $099,
go advanced to branch and auxiliary
lines for improvements and exten-
sions.
The amount expended for better-
meats west of Pittsburg was 81, 1885,
1853. The gross earnings on al II lines
east and west OF Pittsburg in 1881
were s75, 1884 gross expenses,
sac, 243, 276, showing net earnings ol
$28, $50, sos. The number Of tons oi
freight moved was So, 520, ,S16, and the
number of passengers carried wal
80, $50, 1856. The Trust Fund created
October, 1878, has had appropriations
made to It amounting to 81, 800, 600.
with which and its accrotiOns sscuri
ties have been purchased aggregating
81, ,02s, 900.