Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-03-03

80 c919s00 8tt0U - 49, VA oW0Uts
tested for ths doleeatse and TIE pre-
ceedings Of tie convention- The chs<
osso Typographical unson notsGo1 ehS
ccnssntlaa through Harvey q. Carr,
that after March [ ths Inter 0cooa vili
abandon The uee Of the NerEDntAaAer
typographical nasehinss. Printsss N
smaller towns viii bs urged - take
membership IN the city unionA
q. =. Z l. ANNUAL l9RETue0
Rsporss = Dusinsus Ts.nsaessl-KascGsa
- 0a6esn-
The annual meeting of ths d,rootors
Of the Grand Rapids and Indians road
was held yesterday. Few Of the board
were present.. moat of The votes being
depoeited ~ proxy. The following d.
recto1 were elecfed. the only change
being J. n. p Huehart in place az
the Hon. b s. cok,h. deceased. w. o.
Hukhart, Harvey J. Hollister. w. X.
Shelby and J. u. p. Huehaxs Of this
city; J. e. Wait OF 6turgas; Cnas r.
Specr. Vim. ThaW. Jr., Tkoe. ID. Meea-
Ter. James hccrea, and j. T. Erooks,
PittsburR; F. r. 6sockbridge. Kaiama-
roo; w. III. Rarnes, JuQ =. Hutchlr-
con- Philadelphia. The new hoard of
directors usually have meeting after
the election 10 organise. but eone Of
the member are In the south or vest
and the meeting vail b held later in
the seassn.
The annual report Of the roal. a.
rendered hy President Hugbart. shows
that the company operatas . total of
524:20 miles OF road including leased
lines. spurs. aide tracks. etc.. An in
crease of 1881 miles over 1890. The
gross earnings were S3,0s6, ,6S5.9l, . ce-
crease from 1890 Of $2i3, ,lsS. 90. but an
increase over 1859 OF $l3l ,229. Al. The
earninge from the ice traf1ic alone in
1890 were S255. .064.01 The net earn
ings were tes2, $3.50, . decrease OF
500, ,256.16. The total expenses were
q. .193, ,872.52, . decrease of &e, ,934. g.
The ratio of expenses to earnings were
7l.3l per cent. The freight earnings
show decrease OF ee6s. PSI .66. and the
pasaenger earnin&s IN increass Of
On the main line the gross earnings
were 81. .400, ,413.79. and net earnings,
$500. PSI is; decrease in the latter OF
$l66, ,6e5.l3. The freight earniugs
show . decrease of &2le, Isl. .Ss, and OF
this S222 1861 IL repreeented by the
ice trailic. Of which they had meme las(
year. The passenger earnings IN.
Creased S5,2l2.57. The averaee rate
of passenger fare was 2.332 cents per
mile, and the cost was l.s5s cents.
The express earnings for the year shoW
an increase Of $l654.18 over 1890; the
telegraph earnings = decrease Of Sllo6.-
81; the mail earnings were e42, 1856, q
decrease Of $3.50. The total expenses
of operating the main line were H,7lo.s
l62 .66; the ratio of expenses TO earnings
7l.26. Dy tho malicious derailmenf
Of . train at Cooper several pan
engeFs were injured. costing the
company 81, ,0R7. bes,dos the dam.
age to property. New depots have
been built and depot improvements
have been made at Reed City, Maok-
inaW. Kalamazoo and ether points, in
volving . heavy expense, but Ne cx-
penseo woTo e6169 'tcGa tbnn the pEovious
year. Fer m4zutonAnuD of Way o1oo.
696sSe was spent. including - .eSs. &C
Tor the new iron bridge across Grad
river IN this city. TIE road new owns
fifty-eight engines and six more are
rented to replace six that were con-
demned - unfit for longer service. Six
excursion cars, one baGgsge and mail
car and sixty-five freight cara were
added TO the rolling stock. The financial
condition of the road shows the indet.-
edness to b $3.50 900 7 per cent hends
due in '99. t3.o0o, ,000 six per cent and
81 ,336, 900 five per cent. with . total In
terest Of t7236 800. The seven PER csnte
are being refunded at u per cent run
ming nifty years. and already 81 i4,eee