The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-12-01


,rffc Fga-e>. Company settle .,--
Imeul, OLD euutIat. .------------- s1IEOsO
t0tal Income, for ISL -------- e'dsS'o5s
for l-sl ..--.-------- a-1o0iOoo
he total expenditures Of the entire
ivstem for the nine months IN 1880
Fere q. s29 90. IN 1885, S5,19I.SI. sur
llus IN lss5. =. G5s. 927; in 1885, $l.2oZ,-
III. less Umted States requirements,
lJO0 COO S7~j $50. Balance or surplus
Lr 1855. - .lSs.927 against SlI5, lS2 Tor
ISIS. ia. comparison with the nrst
line months Of lS5j, the gross earn
Ers snow an increase OF SSSl ,O55, or
Is uer cent. Passenger earnIn-s show
In increase Of $2sl. eos OF sc per cent.
height earnings show an Increase OF
k57.-.7 or 522 per cent; mail
Innings SHOW a decrease OF $S,i40
In IL per cent; express earnings
lhow a decrease OF SS,655, or I.9 per
lent. ana miscellaneous earnings s de-
tease Of SiG.f35. er l2.!6 per cent.
hp rating expenses show an increase Oh
Ii .lSq 9zu. or I'D per cent. or this IN
trease Sos GIG q, iu maintenance OF the
Eav EXPENSES aud Sl55 $50 Is IN the
haints-alr5 sEr Of expenses. Inc IN
treasa in -he average number OF miles OF
load under operation TOT the period
Ia Question Is less than per cent
/ On the S-erage road mileage the gross
Earnings per mile rose from 500 IN
Ss5 o. - - in 1856. an increase Of Sl55
b. 3.~ per cent. Pacific Coast earn
l4es. -llch 20 lsS5 represented IS per
tsny. Df Ire total earnings Of the system,
lsl. OF il ,s5 10 lls point where they
lep-eselird but IA percent OF It's earn
lngs. The earnings of the system from
l- t-aE. .utarchau Epd with Its branch
! Inc system. haze been kept for twelve
months and were IN gross s., % ,93S, or
ib0lr 21 per cent. OF the total earnings
4 tie parent company. As this traihc
done 80 q less average cost than its
tthe- business. the net earnings
Iron. Dr. j. estimated at over
b CaH rr 1r 30 per cent OF the total
met earnings This Is in addition
b re' earnings of the branch lines
I.la-~- slv5s. after paying AZ fixed
charges. which were SiJj, 4j5 for nine
month. OF lSss and indicates the vital
importance OF the branch line system
20 the main system.
Uuie. me head OF proposed legisla
lion she report saws 10 is admitted
non al SIDES inar existing legislation
-Hl -a-Je1ts, and adds that IegIsla-
-aF 0esn suggested and is now be-
Congress. which seems well ADAPTED
-c--vc. al tne defects IL the exist
. laws. aud 70 restore the govern
mi % ,is true pOsitiOn-that OF
Ee1'-g-. It's debt is not yet due and
too -s-re for as debtor to pay imme-
lia'-.y n 4 were due. Meanwhile
us present security IS still insufficient.
bat The debtor has additional securities
Ehirl may be pledged and solvent
business capable of paying the entire
interest and part OF the principal OF
each ear, Il he can only be permitted
20 conduct aud manage II in accordance
WIN BUSINESS principles and with The
SAME -ee1om enjoyed by mis- rivals. Al
present the debtor Is hampered botE
by partnership aud by cloud mon in,
credi.. caused by tae attitude of IN,
government. Surely il Is 60 the grear
advaniage OF both parties that thi,
.Jate li affairs should cease, that a per.
mane1- adjustment should be made
which Eli give government annie -
euTi-. Tor IL debt and pay the interes
~ iui and part OF the PRINCIPAL eaol
year and give ~ the company freedom
Ol s'lon ~ the management ~ "a
business; ana good credit IN tinancia
centre. In the discussion ~ ms
n Congress an7 IN jae public n-ess
tue-- Las been n.E one serious ,,,s-S -
raised As - the proposed settlement,
tlas IS whether or not the s1Iit;oT.
security offered 5y the companv !;
sut-C.aIs. As the COmpap,. u-ftbLol5
nothing bUt offers AL that If bo,
sud As iC shOws the 6nsnc;g
ability r. pay the entire intares
ard portion Of the Dr;r
pal every SIX months. it worI
seem nat the position OF the Govern
n.e-t d bettereG. even at first, TO tI
utmost ability % is debtor 10 better :
anc saat Il vii grow stronger from We,
20 = e''-- But apart nom this consider
non t4e ooa5d Of government dire
,esa os.eve confidently that the ado
|S-ai security which the compar
Ol-sFs VII place the government beVor
PeracYe7tUre OF loss. Uni. ai5isio1
security does not comprise sinnI
- 1l.la> SAD bonds Of its branch line
-. 1' Wh.ch standing alone 40
iS1sEe5s bot little value. bit II Is an a
~ u's zen upon the entire system
= MAIN line and fesIers
t-e value Of his svsta
whole that is to