The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-09-17
The Northern Pacific.

NEW YeRK. September 16.-A special
from Philadelphia says the Northern
Pacific Railway Company supplies the
press with the following synopsis of its
annual report, which W Il be read at to-
days meeting. The report covers the
year ending June 3Qth. The total earn
Ings, including the leased and branch
lines, Weree $1l, 80, 527lH0, and the total
operating expenses and taxes $6,l56,-
263. "A. leaving the net earnings 1914,
G63. As. There was surplus over all
fixed charges and expenses for the year
OF Sill ,199,7 70. Compared with last year
earnings from freight, the traffic in
creased 81, 635 40l- Passenger earnings
fell off $178,66S; and miscellaneous
business $6S, 3U6 Earnings from local
freight increased 81, 497 ,797, and through
freight decreased $685., 122 The net
earnings of the branch roads were
$20S 1856; an increase of $51, 125 over last
wear. Amount of deferred payments
on bonds, 1856, 204 bearing per cent.
interest. Cash on hand and other cash
items including the first and secon
mortgage bonds, amount to $3.50 ,9T2.
The interest on the funded debt accrued
to June 80 and bills payable amount 10
81, $50, 407. Referring TO the construc-
ton, the report says: The tunnel on the
Cascades division will be finished In
June, 1888, but the road will be com .lcted
to the mountains and connected by
means of switch track next spIng
The total cost of roads yet to be COM
pleted. 70 y miles, will be So, 500, 900. A
number of branch roads are III course
of cons ruCtion. The total length of tue
road owned ant controlled by the com
pany Is 2.SOS miles. The amount vi
land sold during the year was $40, 945
acres, tor 81 ,376, 34t. Sales of town lots
and timber made the total receipts OF
the land department LAS, l48. The
amount of land earned during the year
was ], 6e4 900 acres; total acres earned
to June 3Oth, 44,864,00o acres, and the
total sales, $3.50 Us acres.
The report views at length the at
tempt in Congress to forfeit the land
be successful, and if so, that suchifor-
fixture would be declared illegal xndi
void by the COURTS AIS, r
President Harris formally opened the
STOCKHOLDERS annual meeting Of the
Northern Pacific RsAFoad inthls city
at noon to-day. The ticket for the
directors for 1886, is August Boil
mont, Frederick Billings, John w.
Broakman. John G. Bnllftt, Benjamin
p. Cheney, James G. Fayo, ohm H.
Hall, Robert Harris, Brayton Ives,
Johnston LiVin sston, Thos. r. Oakes,
Lewis K. Stackpole, and Charles B.
Wright. The new names on the list are
John BroakmRR, BraytOn Ives, and
James G. Bayo, who take the places of
Roswell G Ralstol, and n. P. Halo
well. Brayton Ives was voted on by
Is, 600 shares, and John, W Broakman
on over e, 300 shares. The election re-
suited in a complete victory for the
Harris ticket. The total number Of
votes cast was 633, $685. out of a capital
stock Of $40, $50 shares. Elijah Smith,
President Of the Oregon Trans
continental, voted I88, 239 shares
for the old ticket with the
the exception of John G. Bullitt, and
Charles B. Wright, of Philadelphia,
voted on over $50 coo shares. Presi-
dent Harris then read the annual re-
port. synopsis of which is given above.
The new board of directors met later,
and elected the TO lowing officers
President, Robert Harris; Vice-Presi-
dent, L. K. Cakes; Treasurer, R. l..
Belnap; Secretary, Samuel Wilkinson.
The new directors, Brayton Ives, James
q. Fayo and John w. Rroakman, be-
long to this cItv, but represent Phila
delphia interests as we'll.