The Monitor. [volume] (Woodstown, N.J.) 1884-1892, 1885-03-13
. Jersey Railroad Report.

west Jersey Railroad Report.
The West Jersey Railroads annual re-
port for the year ending December II.
1881. shows total gross earnings, 81
3t9. Gas: total operating expenses, sSl6,-
i43. and net earnings, s3o}. D The
per cent. of operating expenses to earn
ingS was 6l.s6. The result Of the
wears business on the main line and sew
eral branches shows Net earnings on the
West Jersey Railroad. 1891. 80: Swedes-
boro Railroad. s35. 42S: Woodstown and
Swetlesboro Railroad. 1881: West Jersey
and Atlantic Railroad. SS3. 2S6. and Sea
Isle City Railroad. s931l. On the opera
ton Of the Salem Railroad there was a
loss of S2j04. and ON the Ocean City RaIl-
road a loss OF 52446. The balance ofnet in
come of the West Jersey Railroad and leas-
ed lines. after deduction OF net earnings OF
the West Jersey and Atlantic Railroads.&c.
2SG) and of the WoodStown and ~ edes-
boro Railroad C$i3s1) for the year 1884,
applicable to payment of fixed charges. Is
sap. 6}S. to which add interest ON invest
mentS. ground rents, etc. Sl1, 966. making
a total of s424. G04. After deduction of i'll
terrst on rentals, etc. amounting To S2lo.-
"A. there is a balance to credit of income
account for the year, after deductlng all
fixed charges. rentals OF leased roads and
ttA 3lfEIGt~ " tItIAAttt $50 - =-Ff 49,
Two dividends of three per cent. each were
paid. enc in scrip convertible into stock.
s43. 252. and the other in cash. sfI.53i-
total. So. rs. which. being deducted from
the above amount. leaves balance tocred.t
Of profit and Jess for 1891 Of sl20.3il. The
balance 20 credit Of profit and loss Dccem-
Der 81. 1888. Was SIP. PAS. making the to-
tai net balance from operation OF the road
December -. 1854. 1912. 6l9. From this
sum was deducted Sl20, 53i for improve
ments and accounts charged of for depre-
citation on main line and leased roads, leaV-
Ing 4 balance to credit OF profit and loss
December 81. 1881. of S132.US During
tie year there was added TO the sinking
fund S31. 900. making the total of that fund
at par s431. 100. \ summary OF the years
operations shows: Net earnings of West
Jersey Railroad. $500. os6. and ofthe Swedes-
boro Railroad. SD. j2S-total. s235, 6l4.
The Salem Railroad shows a deficiency of
SO. 631. the Sea Isle City Railroad a def
/ cheney of s93it. and the Ocean City Rail-
road a deficiency of s2+46; total deficiency,
S21,454. which. deducted from the above
amount. leaves a balance. being net income
| of the West jersey Railroad, after payment
OF all operating expenses. flXed charges,
etc. of s20s. 100. In comparison with 1883,
the West Jersey Railroad shows an increase
in gross earnings Of s62. 5s1, in expenses OF
s2G. 90. showing total net earnings $50
6l2. from which deduct increase in amount
paid Camden and Atlantic Railroad,
1859. leaving an actual increase i'll net
earnings $50. 912. The Swedesboro Rail
road shows an increase in net earnings
of s1j. S42. the Salem Railroad a decrease
of 1911. the Sea Isle City Railroad an
| increase in loss of 1920. and the Ocean
CITY Railroad a loss in operating of S2446.
The total increase of net earnings from ops
Grating of roads was $50. 11j. and the in
crease in net earnings from m~isccllaneous
sources SIP. 800. There was an increase in
fixed charges of 1880, and the increase Of
earnings over 1883 was S54, 196. The West
Jersey Railroad Company now owns 1916
shares of the capital stock OF the West Jer-
sew and Atlantic Railroad. The total cap
ital stock of the Vest Jersey Railroad is
st.4S4. 800: bonded debt. 50. 152. 900; other
liabilities. 1894. 914; total debt, s4,52l. al.
The total cost of construction to date has
been 50. G09, 329: equipment, 1861. 900: real
( fSidtP. S~Ib. liz IhhtNH
the property adjacent to Ocean City, which
has heretofore been reached by ferry from
Somers' Point. having taken out a charter
for the Ocean City Railroad, extending
from Sea Isle City to Ocean City. Il distance
of H. miles, constructed the r0atbed and
bridges ready for track. and have trans
ferred their property to the West Jersey
Railroad. that company finishing the work
by laying the track thereon. This road
was completed and opened for traffic on
November oath. 1884. To bring all the
railroad properties south of Sea Isle june
ton. near Seaville. ON the West Jersey
Railroad. into one organization, the limits
/ of the Ocean City Railroad have. under the
laws of New jersey. been extended so as to
embrace the former Sea Isle City branch
and the Pleasure branch to Townsend's In
Leland they now aggregate 1872 miles.
The West jersey Railroad now owns the
entire capital stock of the Ocean City Rail
road-4GO0 Shares-whicl is represented
on the compamy's books at so, 600. The
equipment was increased last year by the
purchase of three locomotives and six par
/ lorcarS.