Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1885-09-25
Northern Pacific Statement,

June 18th shows: Gross receipts
from freight, Sc, 446, 600; passengers,
s3,G76, 900; mail and express. etc.
Sn2,OC0; making a total of S11,-
234 900. Operating expense We're
Sc, 1876, 900, leaving net earnings at
50 ,03S,000. Adding to this interest
aul dividends on investments, bal
! ance at general interest account, and
incomes from other sources, amount
ing to Sl93, 900, the total surplus is
S., POI 900, out of which there was
paid: For rentals, 1851 600; to
branch roads, $3.50 900; maintenance
of terminal property at Portland,
S27 900; interest of funded debt &C.
count, S4.O24, 900; contributed to
the sinking fund, $50, 900; and there
was paid as expenses of opening eel
ebrations $4,000, making a grand
total of disbursement of S., ,139 900,
leaving a surplus over all fixed
charges and expenses for the year of
SG2, 900.
GAINS AND LOSSES.
Compared with the preceding year,
there was an increase in the earn
ings from commercial freight of ST. :
900, and from mail and ex ,ress, etc.
of S2l1 900, bu; here was decrease
in passenger earnings of 81 , III 900,
making net decrease in commercial
business Of all kinds of $S39, 900.
During the past year there were
no charges made for transportation
OF fuel and other supplies used in
operating the road, and the amount
charged for carrying construction
material was only the cost price of
transportation.
The report states that the princi-
pal cause of the decrease in passen-
ger earnings was the subsidence of
the CGur d'Alene excitement, to
which must be added the opening of
the Union Pacific road to Oregon by
the Oregon Short Line ard the Ore
gon Railway & Navigation line, as
woifAs tho anow which blockaded
the route last Winter, and the gen.
eral depression of business through
out the country. These causes OF
decrease were Offset as to freight by
the steady advance of population
and development contiguous to the
lines of the road.
VARIOUS MATTERS.
As compared with the preceding
year the earnings decreased 81 &c.,
900 and operating expenses $780,
600.
The balance sheet shows no change
in the common stock, and decrease
in the preferred stock by land sales
of 81 ,196, 900. Common and pre-
ferred stock now amount TO $87 Gil
600.
There was an increase in first
mortgage bonds of So, ,125, 900, issued
on 125 miles of the road. Of the
81, 143, 900 general second mortgage
bonds remaining in hand a year ago,
So, ,O00, 900 have been sold. There is
no change in the bonded debt of the
Pend d'Oreille division, while there
is a decrease of $27, 900 in the Mis-.
souri, division. The total funded
debt is now $677 ,345, not including
dividend certificates of 81, ,641, 900.
The company paid to the Northern
Pacific Terminal Company during
the year sS4. 900 for rent and $27,.
600 for cost of maintenance.
THE CASCADE BRANCH,
Respecting the completion of the
Cascade branch, about which there
is "a decided difefence of opinion
among parties interested in the road.
reports state that twenty-seven miles
are now under construction on the
West side o. ae Cascade mountains,
and 40 miles on &c East side, the
cost of which will lie $1,S4O, 900.
To complete the Cascade branch
there will remain seventy-five and
one-half miles, not including the
sixty-fve miles under way. The cs-
timated cost of the seventy-fve and
one-half miles is as follows: Fifteen
and one.half miles over mountain,
including tunnels nearly two miles
long, s2,441, 200; approaches on
each side, 81 .431 900, making a to.
tai of So. .S72. 200, to which is added
for snow-sheds, if needed, 5000, 900,
making the grand total a little over
81 900, 900. The total estimated
cost of the forty miles required to
complete the gap is IS, ,912, 900, and
the amount of frst-mortgage bonds
that will be available for the work,
s3.513, 900, leaving to be provided
from other sources 50, 1895 The
report says it will require between
two and two and q half years to con-
struct the tunnels with economy.
IN FAVOR OF TIE LEASE.
Total expended for construction
and equipment during the past year
was 81, ,562. 900.
The report recommends rati6ca-