The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1884-09-19
RAILWAY FINANCES.
Report of the Condition of the North.
ern Pacific,
Tho Surplus for the Year over Fixed
Charges sI.O55, 656-New Direc-
tnrs-- wabash SsaEemeni-ssls-
eaIlnncous Railway Gossip.

NEW YORK Sept 19.-The annual report
of the Northern Pacific railway for the year
ended June 80, 1884, shows the earnings, in
Guiding receipts from leased and branch
roads, t. have been Sl2, COS. SIS Operating
expenses, $685., 525; leases, S255, 229; total,
S7,177, 754 Net earnings, s., 425, 500
Add dividends on investments from
other sources, including the adjust
ment Of sundry accounts and amount
previously charged to profit and loss since
recovered, SO, $40, leaves SIS, sos, 69l. Total
fixed charges and interest on curront loans,
adding expense of the opening celebration,
81, 449, 053 leaving q surplus over all fixed
charges and expenses for the year Of 81 ,055,-
656 This amount, together with the surplus
for the year ending June 80, 1888, viz,
81, 149, 5S3-in all, &, 205, 239-has been used
to pay for equipment as authorized i'll the
plan of organization, June 80, 1875.
The amount of general first mortgage
bonds issued during the year, viz, So, DOC
per mile on 81 $40 miles Of constructed
road, accepted by the president of the
United States, was 81, 1872, 600. OF the $780,
0OO,0O general second-mortgage bonds au-
thorized Nov. 20, 1888, 25,000,000 were
sold to the syndicate for S715 cash,
less 5 per cent, commission in
bonds. The option of the syndicate
to take IS, 000, 900 more of these bonds ON the
same terms has been extended, the syndicate,
pending the exercise of the option, agreeing
to make advances upon the same to meet
construction expenditures.
Capital stock and funded debt June 30,
1884, common $4,000, 900; preferred, $780,
607,06S; total, SIS, S07, 06S Funded debt
SAC, 27S, 600
The amount Of deferred payments on land
sales is s3,O56, Ais, bearing interest at pei
cent, and is applicable to the retirement OF
the preferred stock amounting to s1,276,oT
Missouri division bonds, 6,927; Penc
d'Oreille division, $751;, 400, and general first
| $606,0l0 OF the lands in Minnesota and
Dakota, east of the Missouri river there re
main unsold 4,079, 955 acres, dedicated by the
plan of reorganization to the extinguishmen1
Of preferred stock.
In addition to interest on outstanding
bonds and dividend certificates, the rents tt
be paid the ST. Paul & Northern Pacific
Railway company and to the st. Paul, Min
nssota Il Manitoba railway, and tht
| Northern Pacific Terminal company, o.
| Oregon, constitute a fixed charge Thost
rents will amount in the year ending Jun,
80, 1855 to 1866, 000.
| A summary of the resources and disburse
ments for the year is as follows: Resources
from gross earnings, 81, sos; 575; dividend
on investments, s38, 972: sundry items, prof
and loss, $50, S97: increase of funded debt
s22, 5000; decrease of supplies on hand
50, 3s3, S4S; decrease of investments, s.. 1888,
64S; decrease of cash On hand, 81 1892, 731; de
crease of accounts receivable, SOS, 49,; de
crease of land funds on hand applicable
to retirement of bonds $40, lis; land
sold, less expense of same, s1,61S $50
increase in sundry liabilities, 1904, 2S7; total
| s43, $50, $50. Disbursements = Operating ex
penses, taxes, interest, sinking fund, rentals
etc, $11 1896, 7s9; expended for construction
s9,1s2,9 4S; expended for equipment, s., 594,
672; decrease preferred stock, 81 ,942, 1876; de
crease in accounts payable, 81, 6S9, 945; de
crease in leans and bills payable, s., 1856, 912
discount on bonds, IS, 600 932; increase il
sundry assets, 1885,, 583; total, s43, 300, $50.
From the balance sheet it is seen that cas
on hand supplies, accounts for receivabI
and general seconds unsold, June 50, 1884
| amount to SO, TAI GEE, and that the interes
on the funded debt accrued June 30, 1884