Telegram-herald., 1890-03-06
RAILROAD EArIooINATIoNs

RAILROAD EATioA AIlRNS.
The annual meeting Of the directors
OF tue u. K. 4 /. vas not held Nester-
day, for reasons heretofore published.
The meeting oi the stockholders how
ever. came on a. announced. 4 ma
lOrty Of the stock was represented.
The various reports Of the officers were
read, and the following summary Is
presented.
The reports are for business done for
the year ending December 81, 1883, aud
they show that the uumber OF miles 0f
line operated is 6S4.l2, an increase Of
400 miles. The lines comprise 56S.s6
miles OF main track, LIZ OF second
track aud ll6.as OF siding.
The tocal earnings Of the road and
all l. branches were s. ga, 45o.44, an
increase over that OF lsSs OF $780,
09S =.
The operating expenses aggregated
81 ,99O. $50 0S, an Increase over the hg-
ures OF 1858 Of 81 244.63, the expenses
being OF. 6S per ccul. al the earnings.
The net earnings were sss2 ,0st.5o, an
increase Of SIS ,s4s-ol over the previous
/ year.
On the Muskegon, Grand Rapids 4
/ Indiana branch, the total earnings were
/ Sl57 ,543.57, a decrease of S5S077 The
/ operating expenses were 500, ,S94.SS, :
4 decrease 81 50 .922 80. The net earnings
I were S5l, ,l4s.74, an increase OF S534l .63.
j IL ls calculated that in addition 20 tins
the road cOntrit uted business % the
amount Of about sl25,009 10 the main
/ line.
On the main line the transportation
OF freight aggregated ,565, l5s tons, an
increase OF lO1 ,6S4 tons. The earnings
from this source were 81 AIS, ,s24 .6l, an
increase of s43, ,624.46. The average
earnings per ton per mile on the freight
was .957 OF per cent, an increase Of
.030 of / per cent, or 2-l0 per cent
over the previous year. The average
| haul per ton decreased 6.5 per cent.
The number of passengers carried
was 952 ,S74. decrease from the NUM-
Der carried in 1883 Of SSH, due no
doubt 10 the cold season last year. The
passenger earnings were Sis, ,99s2o,
decrease of sl5,5l3.50. The average
rate per mile WAS 2.40l cents, an III
crease over 1883 of mills.
/ During the wear 1889 the sum Of Sls9,-
6S7 90 was spent IN bet,erments and lm-
prOvements.
The present rolling stock includes
siKty-six locomotives, eighty passenger
and baggage cars, 305S freight cars and
sixteen working and tool cars. During
the year the company purchased new
locomotive for the NJ, O. K. a /. and
condemned one on the main line.
Not one of the nearly million pas
sengers carried was seriously injured by
accident or otherwise.
In has address 10 the stockholders
this morning, President Hughart stated
that the Missaukee branch would be
extended TO Lake City, distance Of
about ten miles, from rs present ter
minus 10 bring the pine recently sold ia
that section, and this addition Is ex-
pected to give large business TO the
road III the future.
The report states that the sales Of land
for the year amounted 10 $567 ,0S3.23
and that there was now N the hands OF
the trustees as a sinking fund for the
redemption of first mortgage bonds,
the sum Of 81, ,443 1882.
The report further states that the
contract has been let for the new train
shed, which Will accommodate all the
trains entering the city, and which VIII
be completed I'D time for the summer
business. IL Will be of iron. and VIII
be most handsome. IL is expected that
an average of siNty-twO trains VIII
arrive at and leave the shed daily.
The matter of the union depot Is not
mentioned; neither is the matter Of the
LudmgtOn extension from Big Rapids.
The stockho ders reelected these d.
rectors this afternoon: Messrs. ". ..
Hughart. II. J. Holhster, W. X. shelby,
Grand Rapids; i, G.. Wait, Sturgls; :.
:. Cobb and T. -. StOckhrdge. kala-
mazoo: VIM. Thaw, Thomas u. Messier,
Plttsburg: George =. Roberts. John i.
Green. Henry IL. Houston, Philadei-
phia; Charles +. Muller, Fort Wayne.
The following are the present officers
of the road, and there is no reason 10
suppose that there viii be any change
during the present year, except those
made necessary bv the death OF J. VI.
Metheany, superintendent OF the North
ern Division, and the resignation Of G.
T. Gill. general freight agent. c. +.
LeavenwoTth has been filing the posi-
ton al iptofm. and VIII probably be
elected to the Office:
". o. Hughar,, president and gen.
eral manager.
: W. r. she'll, vice president and
treasurer.
J.H.P. Hugbart, secretary and assist
l ant 10 the pres dent.
c. L. Lockwood, general passenger
and ticket agfr..
=. A. GoTham. auditor.
. J.O'Bren. general counsel.
= =. =. OR0urke. superntendcntSo south
ern Division.
q. :. johnson. chief engineer.
:. y. Bradley, master mechanic.
+. Wvgant, general baggage agent.
". x. shelby, purchasing agent.
IL sullivan, paymasier.
The approximate earnings Tor Jauu-
ary and February Of this year show a
very gratifying increase over the bus
ness Of the corresponding months of
! 1889. The increase for February BE-
! about 81 ,700, and March VIII probably
= be- more Much ri this is due % tic lcc
D ! business, hut general business has been
: better. The outlook Tor the summer
s passenger business 81 also very bright.
The Perks Arrsisnsd.
Frank and Arv.ne Peck, the clover
F. seed thieves. were arrsignsd in the CT
+ cuat court yesterday. and pleaded not
s. er.atv nr0 forma. Later Ia the dsv