The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-05-10
ODE AND BULLION RECEIPTS.
conera1 Diminution in Trade
inc III Observation-Disclosures Burch
ards Responsibilities, Etc.

fine ct h Central Railroad, for the
year 1884:
your directors respectfully submit
.bofollowing report of the operations of
the company for the year ending De
cember 31st, 1884.
Total length of road. go miles
EARNINGS AND CURRENT EXPENSES.
cross earnings. -. 1862, 090.9S
0nerating expenses lin
Total surplus earnings $4S3, 431. So
PAYMENTS
Interest on bonds IS 38S,OOOGo
TWO dividends on stock,
1ner c. mt. each ........ 81 10000
paTRm sa improvem SIS42Il
S9ss, S42.I4
Surplus for theyear, 1859 IL
FUNDED DEBT.
Total funded debt ........... "a, 900, 600. 90
CAPITAL stock Observation-Disclosures OO.OO
floating debt ................ 1z9,891.s 50
The floating debt was created by the
purchase of steel rails from the Union
Pacific Company in 1892 5000 of this
has been paid since December 31st, 1884.
EARNINGS.
From transportation of passengers 81, 1885
freight. 76s, 1868
mail %, 1852
p" express s, 400 90
miscellaneous ............-. 81, 1884
Total earnings .....-...--..... 81, O62, 02O.69
Compared with the year previous,
there was a decrease in earnings of
$4,000 or 1928 per cent.
The total number of passengers ear
ried in 1884 was 169,S24, being AZ, 628 or
1870 per cent. less than that carried in
1888. The total amount of freight
hauled was 1868, 759 tons, being %, 84S
tons or 62$ per cent. less than that
handled the previous year. There is a
decrease in the passenger receipts of
SCI ,0S8.23, and a decrease IN the freight
receipts of $92, 451.72. There are two
principal sources which may be pointed
out as the cause of these diminished
earnings. First, and principal of these,
is the competition Of rival road. The
other being the general depression of
business and trade throughout the en-
tire country. The freight war between
the U. P. and D. g. R. g. Railways in
the latter part of 1888 may be pointed
out as particular cause of our dim
inlshed earnings; large amount of
merchandise was imported into the
Territory during that period, great
part of which is still held in stock by
the merchants.
The harvest in 1884 was excellen, out
there being no outlet for the surplus pro-
ducts, the farmers have been compelled
tOstore their grain, consequently they
have had very little money to spend.
OPERATING EXPENSES.
The operating expenses Cincluding
taIes) in 1884 were $685., 58S; compared
with the year previous there is saving
Of$l5, 1918. There is a slight increase
mthe item of taxes. and an increase in
the maintenance fway of s., 1862 This
increase was caused by the renewal of |
ueS, 10000 of which were put into the |
track during the year. together with 100 |
IONS of rails, everything has been done |
consistent with economy to reduce our
operating expenses, yet they have not |
decreased propOrtionately with the de- |
crease OF our gross earnings. This is
accounted for by the fact that while we
nave had less traffic in the passenger
apartment, the opposition and compe-
u9on OF the rival company has COM
PEELED US to run more trains and at
done.
The business outlook is not very
promising at present. We have, how
ever, entered into a pool contract with
uie u. q K. G. Railway company to
MAINTAIN rates, and run trains in such
manner that will be most economical
!" the TWO companies, consistent with
iSr service to the public. We hope
this agreement to reduce our
TTperaung expenses to some extent.
u unefe has been a serious cave in the
urn urn Silver mine. 1t has been shut
u ~ since the 18th of February, but
i Se nope for resumption of shipments
Ia " = lew weeks from this date. 1t is
O "el Known that the southern portion of
f hi, road r is very largely dependent on
bo Inc election of directors has already
''en noted by THE HERALD.
rn Inc tender sohcitude with which the
0m ,Gn Pacific regards the prosperity of
al H'MSl L Is again illustrated in the visit
saessrs, Shelby and Morse over the
pson Short Line. These officials on
tEon way took complimentary party of
i'm eight Omaha business men on a
ana rom Omaha to Portland. Oregon,
tb nu return, with view to encouraging
the -n no 70 form business connections with
'u Tt new northwest.
s9S 06o otah Central yesterday disbursed
IT, n" among its employees.
Cent?, lorce of mechanics on the
half m;., has been reduced about one
On within thin the last two months.
dur;ne. thousand bushels Of wheat went
Co-on the week from the Morgan
The +; 70 big mill in Kansas City. {
perimeIpamlent was designed as an ex-