The San Francisco call., 1896-02-27
ONE YEAR OF THE S. P,
That Corporations Report for
Twelve Months Up to
Last June.
SOME SIGNIFICANT FIGURES.
Statements Furnished by the Company
Regarding Its Annual Earnings
and Expenses.
SOME SIGNIFICANT FIGURES

The annual report of the Southern
Pacific Company for the year ending June
30, 1895, was presented to the Board of
Railroad Commissioners at the board S
monthly meeting yesterday. 1t was ac-
companied by letter from Mr.. Klink,
acting secretary of the company, who
made apologies for the delay in not filing
the report earlier. The excuse was that
owing to the illness and death of Secretary
Lansing the report could not have been
prepared at all earlier date.
The report begins with the statement
that the Southern Pacific Company was
organized March II, 1884, under the laws
of the State of Kentucky. The charter
was approved March II, 1884. and again
on March 81, 1883. The directors live in
New York and in San Francisco, but none
in Kentucky. At the last election of di-
rectors there were 162 stockholders in the
corporation.
The lines in the system include the
Southern Pacific in California, Southern
Pacific in Arizona and New Mexico, the
South Pacific Coast Railway (narrow
gauge), Northern Railway, Northern Cali
fornia Railway, California Pacific, Union
Pacific Give miles west of Ogden), Central
Pacific, Oregon and California Railway
and Northern Railway, aggregating 4874.8 81
miles.
Notwithstanding the fact that officials
OF the company have at various times
stated the Southern Pacific owned and
operated a coal mine up north, it is writ
ten in the report that the company owns
no mine that would affect the general bal
ance sheet.
The capital stock CO consists of 100000
shares-par value $100 each. The total
amount issued and outstanding is $780,
934, 40, of which ST. 10000 is represented
by shares issued for cash, the balance
having been given for stock of railway
companies.
The income account for the Atlantic and
Pacific systems of the Southern Pacific
shows gross earning from operation, $685.
847,olO S.. operating expenses, $23, ,797,
500 "a. Dividends on stock and interest
on bonds are added. Then deductions are
made to cover interest on funded debt
accrued, on Understanding current liza
bilities accrued, rents. taxes, permanent
Improvements and "other deductions"
The total gross earnings from operation
are stated at $3l, ,245, ,143 SO, made up as
| follows: Total freight earnings, $685.
454 oS; total passenger earnings, $11, ,021, :
l29 81; total other earnings, 81, ,036, $50 19.
| In the long list of stocks owned appears
the Northern California Railway, par
value 81 1,2S0,O ,O00, valuation $40. The total
valuation of stocks aggregates $123, ,260,-
900 16. The list of bonds owned is much
lighter, footing up $2621, 1878 38.
Then follow particulars of rentals re-
ceived, operating expenses and rentals
paid.
Under the head of important changes
during the year" are only noted: Steam
ship bonds redeemed, $l43, Co.," and ina
terials and supplies acquired in the opera
tion of the Central Pacific Railroad
fransfarred fo the ownership of that com,
pany."
Touching contracts, agreements, ETC., ("
appear these significant notes: "Rates for
mails are fixed by the United States Gov
ernment on the Southern Pacific; these
rates are subject to the terms of the sew
construction of said railroad" REGARDING
other contracts, "the Central Pacific Rail-
road, the Southern Pacific Railroad and
the Oregon and California Railroad each
received aid in its construction from the
United States and are subject to the acts
granting such aid and to certain restric-
tions and conditions regarding the trans
portatlon OF freight, passengers and mails.
These acts of Congress constitute contracts
between the railroads and the United
States''-
Then follow tabulated statements on
security for funded debt; employees and
salary (15,134, paid $l2, 333. TAG II, includ-
ing the pay of s3 officers) passenger,
freight and train mileage; freight traffic
ties.
The list of accidents to persons CON-
prises: Deaths 12S, 81 being employees and
! 81 passengers and "others''; injuries 695,
507 being employees and 1873 passengers
! and 'others." OF the passengers and
others killed "a were trespassers and la
| not trespassers.