New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-20
G., B. AND Q's. STRIKE YEAR.
EFFECT OF THE BIG LABOR FIGHT ON THE
ROADS TREASURY.
THE ANNUAL REPORT SHOWS DEFICIENCY OF
s4,SS1 1,425-THE LAw-MAKING POWER
PARTLY RESPONSIBLE.

s4,3S1,425-THE LAw-MAKING POWER
PARTLY RESPONSIBLE.
Boston, March I9-The annual report Of the Chi
cago, burlington and Quincy Railroad Company for
the year 1888, as compared with that Of the preced
Ing year, is foows Gross earnings, s23, ,7s9, ,l67
decrease S3,7s6,910. Expenses and taxes, S18,-
sSs,4S9; increase, s2,7s4,546. Net earnings "a
OO6,ToS; decrease, 1851 457. Total net earnings.
adding interest exchange and other income, S5,07s.-
300; total decrease, s7,oGo,91o. Fixcd charges.
S39s6,712; increase, s71o62s. Dividends, S3,s19,-
o'Si decrease, S2o91y4s6 Deficit, S4,73o,9s0; I'm
crease. S5o90o51. Land receipts, s40s,55j; de-
crease, Si5s,52s. Miles operated, 4,017; increase.
@A Capital, s7e,3o3, sos increase, 50, ,2O5. Debt.
800 1895 ,9ss; increase, q, 900 ,2s1.
The miscellaneous income reduced By reason
OF tho strike ON the Hannibal and St 10 and the
council bluffs roads, so that they returned no dvi-
dend to the Chicago, Burlington and Quincy, while
In 1887 they paid S61s764 The operations Of these
and other outside lines Of the Chicago Burlington and
VHncy are given more fully than usual These con-
uoled properties consist Of 1115 miles Of standard
gauge, 2ls miles Of narrow gauge and 05 miles
jointly operated The total debt of these proper
lies outstanding and not owned by the Chicago,
burlington and Quincy Is S16,460,000 The
comparative reports Gross earnings,
s6.04l ,006; decrease, s1,402,4s7. Expenses and
taxes 81 73s ,051 increase S151 o63. Net earnings,
Aftor many prosperous years the Chicago Burlington
and Quincy Company has experienced year Of
serious Ieverses After paying liked charges including
per cent upon the stock, the accounts show de-
heency for the year of 1881 425, which IL has boon
necessary 10 take from the accumula surplus OF tho
company. Chief among tho causes Of the falling of
IN the net revenue from the operations OF tho road
cause however There has been diversion Of traffic
TO othor roads and decline IN rates. The decline In
rsres has been due to the difficulty OF seltregulaton
pClil he rio IA uiip
was tAknn away by the Interstate Commerce Law. An
sfert Is now being made among railroads west Of
s hoped, .wnl Be successful. The, dlrec;
serious evil the PoSont railroad laws are de
signed to remedy and say that II cannot be denied
situation is the attitude of the law-mahng power,
both National and state. The increase IN expenses
have orsrsted an average Of asSO miles as agalnst
t23D In 1887, the new mileage being non-produotive.
Of & trained IN msn %Scb aS 10
q large part 4t Che great machine, the task OF re
d SsS d@ns aG to the SS msa@s % 1S sp per- or
become impaired This Involved, and still involves.
sSS s S expense ~ 10 make the present force equal to
The Chicago, Burlington and Quincy earnings show
gross increase for January OF S244,911, and net
increase OF s75,236 The December earnings showed
gross increase Of s4,os5 and a net decrease OF
S3ia,763.
President Perkins devotes two pages In closing his
report TO concise statement Of the Chicago. Dming.
ton and Quincy TO the Chicago, Burlington and
Northern road The Chicago, burlington and Quincy
began the construction OF tho line 10 St. Paul IN 1883,
10 strengthen It's a.. Louis and TranscOntinental
business, and expended 100000 Il IN 1888, 1884
and 1885. In the OF 1888, when tho directors
considering the question Of building or Of selling,
Mr.. Toueelaine made a proposition to pay back what
tho Chicago, burlington and Quincy had expended,
with interest and 10 organize the Chicago Burlington
and Northern and build road 10 1T. Paul feeder
TO the Chicago, burlington and Quincy This was
accepted on condition chat the Chicago, burlington
and onsnoy stockhodcrs had right 10 Subscribe to
tho new company Tho Chicago, burlington and
Quincy became tho owner Of 10000 shares, and by
the operations Of the contract 300TO out OF
b0,O75 shares. II will bo seen that the Chicago,
Burlington and Quincy does not control the Chicago,
burlington and Northern road.