Telegram-herald., 1888-03-08
A PROSPEROUS ROAD
The G r. d J. ANNUAL NETTING
Encouraging Reports Of the tasf Year
The Directors aad ontoers ke-elsoted
Some Interesting
fizuFes.

The Grand Rapids q Indians Railroad
CoRp4ny, with headquarters and general
offices IN this ely, ls prosperous concern.
The annual meeting Of the company Was
held yesterday al the ofices OF President
Hughsrt TIE reports presented shcws
hat the total miles OF road operated by the
company duTiag the past year. including
branches and leased lines was co. increase
over last year, twelve miles. Ihls includes
one mile Ut double TRACK between Pet oskey
and Bay View. The gross earnings Of all
the lines were s. sos 957 IS: al increase of
Sils so o. Tne operating expenses. in
Guiding EaKes, etc. were 81 Sea. ll0.4o. sn
increase Of $3l6 osl IS. The net earnings
were syis %. an increase OF 500 zs.o5
The sources of the earnings were for passen-
ger traffic 1881 l204s. an increase of Sl55-
6Ol Or Tor freight traffic. 81. sos ss6.09. an
increase OF sZ7S. 3zs 43; from miscellaneous
sOufces-msll, express, etc.-sl III ,55OO2,
decrease of si3 rs 40.
For the q. X. & /. IA ain line proper the
gross earnings were 81 36l 90l Al, an in-
crease OF s263, ,77466. Operating expenses,
including taxes. etc, 81 5lo 931 10, al in
crease of Sl7S l3s7S. Net earnings. xssI.-
9Ji IS, an Increase OF SIS, ,639sS. These are
the largest net earnings IN the history OF
the company
The interest on the bonded debt and other
| items 10 be charged TO the bonded debt &C
count were S124. .246.Os. leaving n net sur
plus for the year OF SIG. 2s7 %.
During the year the company handled
l.l9i $40 tens Of freight, an increase OF 2o5.
S2l tons. OF this amount 72i $40 tons
were lumber ana forest produces. an in
crease Of 1871 ,579 tons. Eighty per cent of
| the increased tonnage was on local freight.
The number OF passengers carried was
| 9o0,6 ,6S4 an increase of 90 $50 Out of this
large army of people transported, not one
was injuf ed--a remarkable showing.
| The number Of miles run by trains earn
| ing revenue was l,sl2576 an increase Of
| l35, ,42S nearly all in the freight business.
The average rate per ton DER mile for
carrying freight was l.0S3 cents; average
earnings per passenger per mile was z.446
cents.
| Tourists or excursion tickets TO the
various Summer resorts to the number of
| lO,O2J were sold, with a revenue OF sos, ,3J5.
| an increase of $4,000.
| Large amounts OF money have been ex
pended in the improvement Of the build
| ings, tracks and equipment OF the company.
/ There have been added TO the equipment
| three locomotives at a cost of $2o, 800; nine
| passenger and baggage cars at cost oi
| $3S. .S3i.Ol, and 900 freight cars. The COM
| pany now has sixty-twO locomotives. forty
| seven passenger cars, twenty-f0ur baggage
| cars. 3,uJ3 freight cars and twelve working
| or construction cars. During the year, l,006
1 tons OF sixty pound steel rails were used IN
| replacing light and worn steel in the main
| track. A new depot has been built al
| PetOskey and new depot and freigh; house
have been built q; Big Rapids.
| The company has purchased a strip of
| ground one bundled feet in width extend
| ing along Almy-st. from Island-st. 10
| Wealthy ave. 10 increase the station fac-
lities at Grand Rapids, on which there has
already been expended little over $4,000.
| The outlook toT 1888 Is very bright, the
months OF January and February showing
| an increase OF over Sg5 900 In the earnings.
| The gross earnings of the Muskegon
| branch of the G.. T. * !. tor the year were
| Sl23, 3,592.7o, expenses, sl05, 1913; net earn
| ings. Sl7 $40 35: interest on bonds and other
! charges, Si3. 2DI.43 showing deficit OF s25.-
| 652OS Tor The year. The road has been in
] operation but thirteen months aud the fig
| ures for the year under the circumstances
are very satisfactory. The amount of freight
transported was I29.34s tons. and the num-
| Der OF passengers 65.O"9. Arrangements are
| now in progress which will materially de-
| crease the operating expenses OF the road
| for the coming year. The earnings show Al
| encouraging increase, the January and Feb
ruary. 1888, receipts exceeding the same
| months ear ago oy Sll.ODO.
| Tne OLD Directors were reelected as fol-
lows: w. O. Hughsrt. Harvey J. Hoilisie-.
| w. T. She by OF this city; J. @. Wait. Star-
| gs; 5. ,. Cobh. seDator K. b. Stock bridge
| Kalamazoo; J. " Mccullough. Nm. Thsw,
Th0s. -. @esSier, PttsburE George w
| Roberts; John i. Green, Henry h Hons
| ton, PhiIadelphis Charles +. Muhler, Fort
| Wayne.
The officers as re elected by the Board OF
| Directors are:
". o. Hughsrt. President and General
Manager; ". K. Shelby. Vice President and
| Treasurer; J. III. +. Hughsrt. Secretary: r.
| A. Gorhaui. Auditor; Z. Z. Gill. General
| Freight Agent; q. l.. Lockwood. General
Passenger and Ticket Agent: L. J. . Bren,
General Counsel; J. NJ. Meihesny. Superin-
| tendent NortheTa Division; r. ;. O Rourks
| Superintendent S1uther1 Division &. \.
| Johnson. Chief Engineer: 5. ID. Brodleg
Master Mechanic; +. WygSnt, General Bag
gage Agent; W. X. shelby. Purchasing
Agent; II. Sullivan, Psymaster.