St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-09
SANTA FE STATEMENT.
Another Discouraging Report
From That Road.


Another Discouraging Report
From That Road.
BOsToN, May 8.-The annual report
of the directors of the Atchison, Topeka
& Santa Fe railroad for the year ended
Dec. 81, 1883, was given out this
evening, comparison being made with
the year 1887. Average number OF
miles operated, 5000: increase, 307.
Gross earnings, $l5,616,9l3; decrease,
g., S4S, 453. Operating expenses, includ-i
ing taxes, 1927, l6l; increase, $6lS, TOT.
Net earnings, deducting taxes, 81, 5S5,.
951; decrease, S3,467, 100. 1t Will
thus be seen that the earnings
for the year 1888 are $2,64S,-
453 less than during the preceding
year, decrease OF Is 4-10 per cent. DE
this decrease, 1901. 0OS is the loss on pas
senger business and S2,054, 300 is the
loss Oh freight traffic. The number OF
passengers carried one mile was 1,92S.-
799. against 2,139,623 during the year
1887, and the average received per
passenger per mile was 2.21l
cents. against, 1857 cents per
mile III 1887. Had the same rate
been received in 1888, as in 1887 the pas
senger earnings would have increased
decrease of S6S6.S6S. representing an alb
solute loss of business. The number
of tons of freight carried one
mile during 1888 was lO,59S, sos,
against 500, 1882 III 1887. show
ing decrease OF 9S,574,037
tons. The average rate per ton per
mile was 1.25S cents i'll 1888, against
1.547 cents in 1857, showing decrease
in the rate of 0.89 cent. Ii the same
rate per ton per mile had been received
in 1888 as in 1887 the freight earnings
would have been increased $721, 42s,
leaving still decrease of $l,3s2, S72
from the freight earnings OF 1887
on account of actual business. De-
ficiency for the twelve months to Dec.
81, $1,517, 1856; surplus Dec. 81, $685.
620; net surplus, IS, 4S5, ISL. The ex-
penses of operating averaged 1919 less
per average mile operated than in 1887,
although the total expenses show
cess being entirely due to in
creased mileage. The condition of the
road, bridges and buildings, as well as
that of its rolling stock, has been fully
maintained and was never better than
at present. The unfayorabie results
from operating the road in the past year
have caused more or less criticism
of the action of the directors
in increasing the dividend in
the fall Of 1887 to per
cent. There was every reason to be-
lieve that the earnings Of the road for
the last half of 1887 would be greater
than for the first half of the year, as
hal usually been the case, but through
the partial failure of the corn crop and
other unforeseen, causes, the year 1887
formed a remarkable exception to
what had hitherto been the regu-
lar course of the company's earnings.
At the close of 1883 the capital stock,
including scrip outstanding, amounted
to $75, OOO, 600; bonds outstanding, S47,-
100000; expenditures for real estate,
construction, permanent Improvements,
ETC., s16,999,9l7, of which $685.
roads. Combined with the report
are full statements of the
income accounts. balance sheet and
statistics. respecting the Atchison sys.
TEN proper, the land department and
the various leased and proprietary prop1
critics owned or controlled by the Atchi-y
son company, as we'll as general Sum-
mary showing the results for the,
year to the Atchison company Of
all its properties, owned or con-
trolled. Of Oklahoma the report says,
There is every reason to believe that
the earnings of the AtchisOn line will
be largely increased by the settlement
of this region, as the line passes north
and south through its entire length, and
is the only railroad by which the
country is directly reached. !,