The courier. (Lincoln, Neb.) 1894-1903, 1896-05-16
Highest Of al in Leavenng Pow-Iatest Govt Report
@!a!!!!! R Rsk1Rs
ARAOKUTEIY PURE


But in state that 10 penetrated in
nearly every part by Burlington tracks
and where 90 many people are in the
company's employ or own stock, &C
curate information concerning the vast
property, is Of general interest. A
severe critic OF @" management is the
financial writer on Town Topics. New
York, and yet this writer is forced to
comment favorably on the showing
made by the recent statement OF the
road.
Mr.. T. Woodlock. a financial authority
draws the following conclusions from
the o. report:
There has been much loose talk,
especially in this city, TO the effect
that Burlington & Quincy is another
Atchison. another Baltimore 4 Ohio
and 90 on. II Burlington figures as
published in its stockholders reports
and in reports furnished on oath to the
Interstate CONNER and Kansas State
railroad commissions are correct, we
are willing to 60 on record as saying
that the property lie sound to the core
and is a property containing many
possibilities under favorable conditions.
In the first place, Burlington seldom or
never owes any money to anybody ex-
cept in the shape OF ordinary operat-
ing debt or accrued interest. 1t in
variably carries cash on hand amour
ting to from s2.5OO,OOO to 100000.
This was not Atchison's way Of doing
bueinese. nor was it Baltimore & Ohio g,
nor is it the way in which any road
which lie in really bad condition does
business. Secondly. while Burlington
& Quincy has extended very far in
in more directions than one and extern
ded very rapidly. the new mileage has
been kept well in hand, as shown by
the 'trainload' figures above. and has
kept less ef drain on the property than
at first appeared. Thirdly, Burling-
ton & Quincy has charged. on an aver
age of eleven years, over sl,3OO,O0O an
nually against income for sinking funds
all OF which has been paid before a
dollar has been devoted to dividends.
There are sinking funds and sinking
funds. and Burlington's treatment Of
sinking funds in relation to income is
the most liberal and soundest of all
varieties. Fourth, Burlington's eco
Monies 10 the last two years turn out
to be by no means 90 dangerous or I'M
sound as has been assumed. There is
no reason to believe that after one year
OF ordinarily good earnings many
traces OF them will remain. Fifth, Bur.
lington's territory is, all things consid.
cred, about the most important section
OF country west of Chicago, and com
prises, practically. all the great centres
OF business between Chicago and the
Rocky Mountains. With ordinary crops
and ordinary good times, there is no
richer territory in the wet than this.
1t cannot be judged by the last two
years. Sixth, there is evidence that
the drain Of the extensions made in the
last few years is now easily manage
able since the cessation OF further con-
struction on large SCALE"
Cobb and Walton and Green. There
has been q combination of events and
conditions the trend OF which is
Generalization. The tension OF the
past three years has been great. Dis
couragement has easily let to desper-
alton, and men have sought relief from
troubles 10 suicide. There is too much
morbid feeling 10 the community. Lin
coin needs tonic, something that will
make the peonle lool ouf and bovond