Evening star. [volume] (Washington, D.C.) 1854-1972, 1886-01-18
THE METROPOLITAN RAILROAD.
A Statement Of It's AAAfrs Furnished "a
the Senate.
REcErrr AND EXPENDITURES FROM 1870 10
1850, WITH OTHER OBSERVATION-DISCLOSURES
OF PRESIDENT PEARSON,

The president pro tempore Of the Senate to-
DAY submitted communication from Mr.. Geo.
H. Pearson, president OF the Metropolitan street
railroad company, in answer to Mr.van wyck's
resolution, accompanied by reports Of the re-
celpts ana expenditures of that company for,
the nscal years 1879, 1880, 1881, 1881
1883, 1854 and 1885. Following is
PRESIDENT PEARsoN's LETTER:
In compliance with the 22d section OF the
act of July list, 1884, Incorporating this COM
pany. have the honor to transmit herewith
for the preceding years Of 1879 to 1854. incIus-
I've. It will be observed that the returns prior
10 1850 are not sworn TO. as the affairs OF the
ent management and the present officers have
not the knowledge that would enable them to
make oath TO these returns. 1t Is respectfully
that the present officers OF the company are not
responsible for the remissions occurring prior
to their accession TO the control"
THE REPORTS OF EXPENDITURES
are itemized, but the totals are not footed.
Some of the reports give the number OF passen.
gers carried, while others do not. The limited
capital stock of the company is 81 600, 900.
FROM the reports the following figures are
taken; For the fiscal year ended June 80, 1879,
capital stock actually paid In, s421 ,230; divi-
dends first six months, $2U.939; dividends
second six months, S6,915. AS to the number
OF passengers carried, etc., the report is "no
For tiscal year 1880, total capital stock paid
I IN S42l ,29O; dividends first six months,
S22.2o6; dividends second six months,
81, la; number passengers carried, $751;
.1ss1-Capital stock paid in, $3.50, O2O; div
idend first four months, sci ,O7O; dividend
second four months, S2O,41S; dividend third
four months, SS,324.75. Number passengers
carried, 3,1SS,111; number miles travelled,
l,521, IA; average number passengers per
lss2sCapital stock paid in. o,o2o: divi-
ond quarter, S9,3SS.15; dividends, third quar-
ter, Sl5, 4O2.5tb; dividends, fourth quarter,
S9.S99; total length of road, single track, -
4oS-i 200 miles; character OF rails, in center
bearing. Number passengers carried, ,OSS, lbs;
number miles Travelled, 1857 ,S24; average
number OF passengers per mile, 3.
lSS3-Capitai stock paid in, $3.50, lao; divf-
bends, first quarter. S15,27T.75: dividends,
second quarter, $9,406.75; dividends, third
quarter, SIS, 166.25; dividends fourth quarter,
9,ioS7o. Number passengers carried, 4. 426,-
sos; number miles travelled, /, Asa, 12S. Aver
age passengers per mile, 3ls.
1SS4-Capital stock paid in, $3.50, 1856; dfvi-
bends, first six months, S25.3O0; dividends,
second six months. S39, S27.25. Number pas
sengers carried, 4,7SA ,219; number miles trav-
eied, l,o32,223. Average number passengers
pee mile, 81.
1SS5-Capltal stock paid in, S43O.41O; divi-
dends, first quarter. 81 1875; dividends, sec
ond quarter, S1O,423.25; dividends, third
quarter SD, 1925; dividends, fourth quarter,
$1,000 20. Number passengers carried,
5,2O9,91S; average number pa sengers per
trip, 12La; average number passengers per
This report for 1855 Is sworn to by Mr.. Pear
son, president of the company. Though the
number of passengers carried exceeded that Of
any previous year the dividends fell OH.