The Monitor. [volume] (Woodstown, N.J.) 1884-1892, 1890-03-07
West q n. r.. Report.

- o@
-s-
West Jersey H.. n. Report.
The thirty-second animal report of the
West Jersey Railroad with its leased and
operated road for the year ending Deem
Der 81, 1889, shows the following: Total
revenue. $1,526, 100; operating expenses,
s., 900, 070; net earnings, $427, 099. In
comparison with the year 1888 there was a
decrease in gross earnings of 500, S64, an
increase in expenses of s44, 939, resulting
in a decrease of net earnings Of $94, SOB.
The above figures include the earnings and
expenses of the West Jersey and Atlantic
Railroad. In addition to the above net
earnings there was received from dividends
and interest s24, 321, interest on mortgage
$4,000, and interest on general account
1902, making the total net receipts $751;
0s2. From which deduct rental met
earnings) West Jersey and Atlantic Rail-
road, S43,513; interest on funded debt,
&c, S17j, 900; interest ON funded debt Of
branch roads, s2S,57t; amount paid Cam
den and Atlantic Railroad under contract,
81, TS9, leaving a balance to the credit of
income account for the year 1899 OF $685.
1874. Out Of which were paid two diyi-
dends of 3 per cent. each on the special
guaranteed stock OF the West Jersey Rail
road, amounting to 1885, and two diyi-
dends of 3 per cent. each ON the common
stock, amounting to $40, So, leaving the
amount to be transferred to the credit of
profit and loss for the year So, OF. Add
amount to credit of that account Decem.
Der 81, 1888, s36i, 124, and s3,247 received
from the sale OF Delaware lands; total,
1922, $50. From which Geduet amount ex-
pended for extraordinary repairs and i'm
provements, &C., SAB, 1G4, leaving q balance
to the credit OF. profit and loss on Deem
Der 81, 1889, of 1879, 124. The total number
of passengers carried in 1889 was 9, 349, 201.
an increase Of 44,G16, equivalent to g.
3333, 697 passengers carried one mile, a
decrease of S36, 1911 carried one mile. The
number of tons of freight transported was
605, O1S. equivalent TO 1s,651, 139 tons
moved one mile, showing an increase of
10, 724 tons, and a decrease of ], 900, 626
tons moved one mile. During the year
1889 there were used in repairs SO tons of
steel rails and SO, sol cross ties.
In the following statement are given the
result of the operation of the several prop
critics of the company for the year 1889, in
comparison with 1888:
West Jersey Railroad-Gross earnings,
81, 312, 8S3, a decrease Of SO, 50G; operating
expenses, 1929, 3J7, an increase of S13, 0s3;
net earnings, $3.50, 5a5, a decrease of s35,-
$50.
West Jersey and Atlantic Railroad
Gross earnings, S213, 2S6, a decrease Of
s735S; operating expenses, $3.50, 112, an in
crease of S31, $50; net earnings, S43,574, a
decrease of $50, 214.
West Jersey Express-Gross receipts,
S103, 1873; expenses, SAG, 100; net earnings,
S51,11T, an increase of $1,000.
The treasurer's report shows the follow
ing: Total capital stock, s., 1874, $50, of
which 1922, $50 is special guaranteed stock,
and funded debt SO, 242, 500. The cost of
construction of the road to date is given at
So, 642, 80; equipment, SITS, iGf, and real
estate. s3oa. a25. The Treasury of the
West Jersey Railroad Company holds 1000
shares $3.50, 000l Cape May and Melville
Railroad. 7151 shares (s297, 999) West Jer-
sey and Atlantic Railroad, 100 shares 49,
000) West Jersey Express Company, 400
shares $50, 000) West Jersey Railroad
Company's pledged stock, 43S shares (s100)
Cape Island Turnpike Company. and SG0,-
600 mortgages. The credit to the sinking
fund account is given at 1901, 500.
During the year 1889 the seashore was
visited by unusually severe storms in jan
nary, April and September. The storm
of the latter month was particularly severe
and caused serious damage to the seashore
branches. The roadways of the West Jer-
sey and Atlantic road between Pleasant
vile and Atlantic City, of the Sea Isle City
branch between Ocean View and Sea Isle
City. and the extension on the Seven Mile
Beach, including the bridge over Town
sends Inlet, were seriously damaged; also
a large portion of the Five Mile Beach
branch. The damage thus caused inter
rupted the movement of trains on portions
of the road from one day to two weeks.
The roadway. tracks and equipment of the
West Jersey Railroad and branches have
been we'll maintained during the year and
are now in excellent condition.