The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1888-03-22
GOULD'S LOSS LAST YEAR.
A "DEFlclT" OF $5,ooo,ooo IN THE
SOUTHWESTERN SYSTEM.

A Row in tho Directory Caused Thereby.
The Larrabee-P Perkins Correspondence
Made Public - The Burlington Have
Enough Mel-Railroad and Labor News.
n New York, March 2l.-The annual re-
port of the Gould Southwestern system for
1887 shows that the mileage during the year
increased from A, 6O7 to 6, 1913 miles, while the
gross earnings fell off S6,OO0,0 900. For the
Missouri Pacific deficit of 81 ,426 $50 ap-
pears, against deficit of 1924, 103 for 1856.
There is a mysterious item of 81, 702, 7s5 as
''floating debt" and there are memoranda Of
''uncollected balances from agents" etc, ag-
gregating the startling sum of S5,541,051.
These same entries appear in the report of
1886, but they have grown S3,O0O,0OO, while
the ''cash on hand" has dropped from 50, 72S,
7S5 down to S314,372. In these three items
there is a disappearance Of $5,OOO,0OO.
Furthermore, in 1886, the funded debt Of
the Missouri Pacific was $4,000, 900; in 1887
it was S44, 300, 900 In 1886 the capital stock
was $50 959, 900; in 1887. 1894, $50. The
Iron Mountain road shows $4,000 decrease
in net earnings, and S14S,OOO increase in in
terest charges. The Missouri, Kansas &c
Texas deficit is S5,O90,2O for 1897, against
s., SOC, 400 in 1886 The International & Great
Northern shows deficit of $3.50, 732 against
q surplus of S045,6 ,6j7 in 1886 Galveston
Houston & Henderson shows S63,3S2 deficit
against surplus of S5,675 in 1886.
1t is said that there is row in the direc-
tory over these figures, George Gould deSir
| ing to cut down the usual per cent, divi-
| dend, while the directors want it kept up,
-
Tariabee aud Perkins Correspondence.
DEs MONIES, Iowa, March 21.-The cor
respondence between Governor Larrabee
and President Perkins, of the Chicago, Bur
| lington & Quincy railroad, was made public
here last night.
Governor Larrabee's first letter is dated
March 10. 1t calls Mr. Perkins attention to
the Inconvenience and loss suffered by the
public from the delay in adjusting the diff
| terences between the railroad and its striking
employees The letter asks that every effort
be made to come to an understanding with
the strikers, aud suggests arbitration as Q
way out Of the difficulty.
Mr.. Perkins replied on March H. explain
ing the attitude of his road, and declarin5 :
his willingness to pay all damages sustained
by the people for which the railroad /
really liable. After showing how the strike
paralyzed the road, Mr. Perkins says tina
already 67 per cent. of the number of en-
gineers who were at work in Iowa prior Il
February % are now at work in the state
and additions to the force are constantly
being made The door is still open for suci
Of the former employees as may be needed t.
return to work, but the new men who ar
competent and Of good character will be re
tanned.
Governor Larrabee wrote again unde
date of March Is that he was glad to learl
that there was hope that the regularity il
the operation of the lines of the system
would soon be restored While there wa
much complaint of Inconvenience suffered N
claim for damages sustained had been pre-
' sented to the governor.