New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-19
RAILROAD INTERESTS.
EXPLAINING A PARTIAL REPORT.

ALARM MIGHT BE CAUSED BY SLIGHT MIS-
APPREHENSION OF THE FACTS.
The recent publication of partial report Of the
Missouri Pacific Railway Company, filed at Topeka
Kan, would have passed without notice II the prom
nent organ of the bear faction in Wall Street specula
ton had not attempted to draw from 1t unfavorable
deductions 1t Is well understood in Ncw-York that
the reports to the Railroad Commissioners of this
State only the operations Of the road within tho
State limits. The actual condition of New York
corporation which owns property in other States may
not be inferred from the reports submitted to the
Railroad Commissioners. At the West this distinction
appears not to have been recognized and the proclv
ties of the bear organ disposed 1t to that its
readers did not appreciate the value of the Topeka
dispatch. An explanation may not have been
sary. but the following dispatch from General Manager
Clark received by George J. Gould. acting presi
dent of the Missouri Pacific, yesterday
ST. Louis, Oct is, 1888.
George ]. Gould, New-York.
Sir The statement teegraphed from Topeka relative TO
earnings for past year is incorrect and the matter is being
taken by auditor and the secretary of the Board Of
Railway Commissioners. This mornings " Republican "
contains correction OF the statement follows:
Owing the fact that the financial exhibit Of the
Missouri Pacific published in yesterdays " Republican "
and taken from the Of the road filed Topeka
but partial showing person unacquainted with the
facts might arrive at some incorrect conclusions The
telegram stated that the earnings for the year
sl2643 937 &C. and the expenses for the year
s14 43S 52S 81 This might lead TO infer that the
Grating expenses almost g. 600 larger than the
earnings disastrous condition OF things Last year
vglant correspondent elegraphed New ork that the
floating Of the Missouri 600 O00 and
nearly created panic. Operators shorted the stock.
and Mr. Jay Gould made the wires hot asking what 1t
The correspondent had simply mixed things. Tho
following official statement obtained Missouri Pac
fc headquarters yesterday:
Statement the Missouri Pacific Railway Company for
che year ending June 80, 1883:
Gross earnings SO
Gross operating expenses. s,93i,619 33
Surplus earnings (Mo. P)-..-......... s3709,31S 33
Payments from surplus earnings, rentals coupon
interest and miscellaneous were s3 305177 OF. Missouri
Pacific surplus applicable to dividend sf0l,1 49,
In addition to above dividend OF 1885, 731 paid
out OF surplus Missouri Pacific and Iron Mountain
roads Iron Mountain surplus earnings not being
ported 10 the State OF Kansas I
s. II. II. CLARK.
THE FORT WAYNE COMPANY DISCONTINUED.
Pittsburg, Oct 1s (speclaD. are prospects
Of serious between the directors Of the Pitts
burg Fort Wayne and Chicago Railroad and the
lessee. the Pennsylvania Railroad Company. The
directors of the Pittsburg, Fort Wayne and Chicago
will make a tour Of inspection, something which they
have not done for years. The lessee presents a
large sized claim for betterment Of stock every
and the directors propose 10 where and how
this money has been expended and whether not
the improvements have been 1udciously made. Com
plants are made that Of the improvements were
strictly necessary and that had the Pennsylvania
Railroad been the instead of the lessee, more
economical policy would have been pursued. There
Is also difference of opinion among the stockholders
and directors as to the manner IN which the Penn
syvania Railroad shall be paid for Improvements.
couple of months ago proposition was made that
bonds I'm place of stock be issued. meeting Of the
stockholders called for the purpose, but failed
OF a quorum second meeting held with the
same result A majority of the stockholders are
opposed to Issuing bonds instead of stock. It is said
or they would certainly have taken enough interest n
the matter TO attend the meetings. This year there
will he no change I'm the mode OF paying the Penn
sylvana Railroad. Betcrment stock wall be issued
as heretofore