St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-04
STILL OLD RELIABLE.
The Milwaukee & st. Paul Still a
Paying Property.
Its Business and Net Earnings Larger Than
Ever,
Except Only for a Portion of Last
Year.
Condition of The Chicago, Mil,raukee Dc
st. PaMl.

Condition of The Chicago, milwaukee, &c
st. PaHl.
Recent publications sent out through the
country as to the condition of the Chicago, Mil
waukee and st. Paul railroad company business,
rumors of cutting down expenses, conclusions
that have been drawn from the falling off in the
receipts of the road as compared with those of the
same time last year, have led to an examination
into the matter and to consult the officials of the
company in regard to the state of affairs. In the
first place, the falling off in receipts is such only
by comparison with the same time last year.
The receipts Of the company larger than
ever before in its history, with the single ex-
ception of last year at this time. Last years
receipts for the spring and early summer were
the largest ever known. There were special
reasons for this state of things. The heavy
snow blockade carried large part of the freight
business over until april, May and June, thus
swelling to unprecedented size the figures for
these months. Again the immigrant traffic was
larger team ever before The total number Of
car loads of immigrants movables carried into
Dakota alone was over 10000. Then the corn
crop of Iowa for 1882 was heavy, increasing the
spring freight of 1888 to very
large figures. This year the immi-
grant business was comparatively light less than
5000 car loads of movables going into Dakota.
Last years crop in the corn belt was failure,
thus bringing about reduction in the freight
business this spring. The result of all this was
enormous showing of receipts for the spring
and early summer of 1883, and something of a
falling off for 1884, though as stated above, the
receipts this season are larger than ever before,
except for 1883. On the whole, however, the
decrease is comparatively slight, and the officials
of the company do not regard the falling off as
at all significant. So far the reports of cutting
down expenses are concerned, they have basis
of truth only in the fact that the company's
management is always on the watch to prevent
any excessive or unnecessary expenditure. There
is no radical or sweeping cutting down. and there
will be none. With the lessened business this
time and opportunity afforded to |
watch the whole situation closely, and to cut off
here aud there any unnecessary outgo of money. |
The company is preparing for the largest bust |
ness in its history during the fall months. The /
immense number of immigrants carried into |
the northwest last year will be an important fac
tor in connection with the coming seasons bus |
mess. These immigrants will become shippers, |
and large business will be furnished from
sources which have furnished none heretofore.
All reports from the agricultural regions on the |
company lines are to the effect that unprece-
denied crops are promised, and that the season
is several weeks earlier than last year, thus vir-
tualy insurng the cIops against the effects of
frost. All in all, the officials of the company ex-
press the utmost satisfaction with the present
condition of affairs.
One of the leading officials of the company
summing up the whole situation, said: ''We
don't want it understood that we have not re-
duced expenses There has been a reduction-a
material reduction. The expenses are consider
ably lower than they were last year at this time,
but there Is nothing in the way of a sweeping
change just as any private business man would
cut off unnecessary expenses, we look out for
such things. When business falls off there is no
need for So great EXPENSE but, in my opinion,
this bids fair to be the most prosperous and profit
able year in the history of the companY,,