Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-09-01

last year were s2ss,5I4, and the year be
fore Sll.S4 AS.
The East Tennessee and Virginia road
to which the Memphis and Charleston i
under lease for twenty year, from 70
Is with It's branches 1923 miles long. O
which 902 miles are In operation. Ii
June. 81 Il reported annual net earn.
ings ofh I63.460, but is financial statuI
is complicated, and it, common stock wa
down 10 7 on August lith. while the pre-
ferred stick was l3i The st0ckholderi
met June sd last. and authorized thu
issuance Of Si6,O00,00 increased stock
seven and a half millions 70 be common
and eight and a half millions pre- erred,
This was done 10 enable the company Z
contract, equip, lease or purchase any
roads necessary TO the perfecting Of The
system.
The Southern Division Of the lllinoi.
Genital road. which includes the line
from Cairo 10 New Orleans, earned foi
the 7mOnths ending July 3lst, ~, 1888 ,s77
an increase Of Sf0i, ST. over last year fol
the same time. The Illinois Central ha,
recently acquired the controlling interest
in the Mississippi and TENNESSEE, extend
ing from this city 70 Grenada, 100 miles,
by the purchase of the stock owned by
the estate Of the late II. S. McOomb. The
lst mortgage per cents Of the Mississippi
Central branch of the line are worth 100
and l02 in the open market. while I'd
mortgage s. on the same branch are
104.
The earnings Of Ga leading railways Of
this country for the Z months ending July
Slst summed up a total Of 1888, l25, 468, a
net increase over last year Of ID, l07, 1874.
OF this number 81 showed an increase
Of over 10 millions and l3 showed a de-
crease Of nearly 2 millions.
From January LIST to the 10th of Au-
gust, 1888, the miles Of railway completed
in this country were 2796 against 1861 last
year for the same time, and the total
completed the whole of last year was
II COL miles. At the end of 1882 the total
mileage ofroads in operation was 1899,
and the average operated for the year
was l01, 1853. The Northern Pacific road
will be completed and N operation within
a few weeks, making the third continuous
railway route across the continent, con-
Meeting the Atlantic and Pacific oceans.
The amount of share capital issued by
the several companies according 10 the
latest Poors Railway Manual was
1856 IS, 1876, an increase from the previ-
Gus year of8S5 254,5S5. The funded debts
OF the several companies amounted 10
3,lSi, as 20l, an increase from the pFevi-
Gus year of 1852, 6jl, 496. Their floating or
unfunded debts amounted TO 25, 10, 962,
an increase of 42, 404,9 65 from the previ-
Gus year. The total increase Of share
capital and Of funded and floating debts
from the previous year equalled $780,
2l3, ZIG. The total amount Of all LA
bilities at the close Of 1882 was g.
S9j, 664, 359. The total per mile for
completed mileage was 81, 342i The total
of stock and liabilities for 1881 was G,1l5,-
540,5S3, the amount per mile, 81, 100 the
total for 1880 was 5,373,0l5, 928; per mile,
81, 100 The gross earnings Of ali the
roads for the several fiscal years of 1882
were 770,356, ZIG, an increase from the pre-
vious year Of 67,066, oil. Of the gross
receipts, 202, 100 rs were received from
passengers, COG. 1857, 2l7 from freight and
81, S48, 734 from miscellaneous sources.
The net earnings for the year were 3l0,-
6S2,S77, an increase Of 24,029, 100 from the
previous year. The amount Of interest
paid was ll0, 295, $50, an increase of 90
70S,078 from the previous year. The
amount Of dividends paid was l02,0 3 4S,
an increase Of 9,687,244 from the previous
year, The percentage in 1882 Of gross
earnings TO investment was IL per cent;
in 1881, ll.5; in 1880, ll.4and IN 1879, 1913.
The percentage Of net earnings to in
vestment in 1882 was As per cent; in 1881,
AZ in 1880, 81 and in 1879 "A per cent.
The earnings per mile Of all the railroads
operated for 1882 were; Gross, 1888; net,
2899 in 1881, gross, 1921; et,30lQ in 1880,
gross, 7l35; net, 1898 in 1879, gross, $685.
net, 27Gl.