The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-24
AFFAIRS OF THE RAILWAYS.
The Bee-Line Annual statement.

The Decline Annual Statement.
The board OF directors OF the Bee lire have
issued their annual statement to the stockhold-
Ars Of the c., c., G. g. L road. which shows
total earnings Of 81, 19O 966 II; operating expen-
Ses. 81, 757 7s9 %; net earnings. s. ABB LAG "a;
increase in total earnings over those of 1886,
1865. or "a; increase in operating expenses.
H77, IL increase in net earnings, 1887. l3l IL
The road was operated in 1887 on so per cent
Of the gross earnings against &c. 10 per cent IN
1856 Tables show that while the ton-mileage
increased 9. Oh per cent the revenue Increased
IL SO per cent. and that the rate received per
per mile. for the entire system for the year
1887. was IA cent. against 725 cent in 1886,
IA increase of 2 90 per cent The cost per ton
per mile increased from 1872 cent IN 1886, to
per cent, which increase in cost is largely
accounted for By charging to operating ex-
pensesp the amount heretofore charged TO lad
ditions to property President Laying says
1.-The result OF the passenger earnings is very
gratifying, the mileage having been increased
10. rs per cent, aud the revenue derived there
from, TO- 6 per cent, the rate oeing increased
from 2 OBJ cents per passenger per mile in 1886,
to 2 lS6 cents in 1887. gain Of 5.04 per cent.
The passenger business of the company has
been very seriously embarrassed by the want of
sufficient equipment of modern build, and under
the authority Of the board, contracts favora-
bic terms have been made for fif teen frst-cIass
passenger and five baggage cars, which will be
delivered in time for the heavy summer travel
A contract has been let for 200 twenty-five ton
coal cars, which will be delivered early in
March
The total freight earnings for the year were
s. no. 563 "a; passenger earnin Rs 81 1S7, S24 95
total earnings. 81. 1858 1888 SO. The net earnings
of the Cincinnati q Springfield road over all ex-
penses fixed charges and betterments, have
been go. 9T9.77. gain over 1886 OF $50, 12S. So
this division having been sef-supporting. The
Indianapolis & St Louis road has reduced its
deficit from S435 $751; q in 1886 to $214, 479 20 in
1887 When it is considered that of this amount
of deficit $126. 217.77 was for the interest due
this company for advances, which amount of in
terest so charged was included in the earnings
of the c., c.. G. & l. company. the actual loss IN
operations for the year just closed has been but
386. 26l. 43."
General Manager Beach recommends that ex-
Sensve Improvements be made at Cincinnati to-
enable the road to better handle the freight
traffic at that point His report shows that on
the whole Beeine system there are 228 locomo-
tives all of which in good condition, and 167
passenger cars and 1925 freight The Bee
lire proper operated on CO. 70 per cent. of It's
gross earnings; the Cincinnati & Springfield
66.47 per cent, and the Indianapolis 81 St
Louis on 70 03 per cent During the year there
were carried the road 9l5, 796 local passengers
and 1872, 233 through passengers, total OF
1.00608l There were handled 2. S08, 149 tons of
freight. being the largest tonnage in any year
except 1878 and 1881.