The times. [volume] (Richmond, Va.) 1890-1903, 1896-01-01

/ freight carried orc mile sAo" an ii'i'1
/ Of 332 $500 tons.
/ Earnings Der mile earned by freight
} trains. YcsG. in 1895. against Sl,i5' for
( lsi. Number Of locomotives owned. 90.
( Passenger. b2ggage-cars, etc, IL. ireiBnl
cars owned. 1918.
Earnings from passengers, for lNl.
H.siI1iS. against y2,0li3l1 for ieef. Barn
( iuys from freight and miscellaneous. s.
] .il}. for 1895. against S5sso,-N for lN''.
Total earnings. 81. 59j.e29 Tor ls'. against
sa.0i4loS. in 1874. an increase OF sol 's----V.
+ Expenses, SifGi.J27 I'm 80, and <7'o-s,l-s
in issi
The net earnings show an increase ever
the previous year OF Sili.522. The net in
come OF the company for the year over
and above all fixed charges amounts 10
SiS.,0G.
SOUTHERN R'WY COMPANY.
The total mileage in this system for the
year ending June ~. 1925, WAS f,52.
Tho gross earnings from lines actually
operated 10y this company for the year
ending June So 1855. are as follows. Gross
earnings, SI1.If7eI: increase over 1894,
si.l 1888: expenses, Sl2.0c2.sJ4. decrease.
s1s2,r Net earnings show an increase
OF S1-4265. The ratio Of expenses 10
gross earnings was 10is In 1885, against
1IJ1 in 1895. Tho income from other
sources than operations was Ss9,6,1. Gross
income. 1885. s51H.ci5: interest and rent
ais and deductions from income. A,2i5-
500. balance to proht, and profit and
loss. .s95.1H.
The company paid during the year
SfGle2 Of equipment trust notes. leaving
$50 stiil outstanding. The Southern
railway. however. issued no new equip
mcnt trusts itself, but paid cash for all
new equipments purchased. The cN-
penIituTes for new equipments during the
past year amount 10 Ni+.s53. represent
ing tho cost Of eleven locomotives. two
passenger cars. and SG freight cars. The
capital stock Of the company Is si20.00o
600. the preferred stock 0authorized 500
/ m0nD ISSUED. SOW0.00. lrst-mOrfgdgc
d per cent bonds authorized S20,mO00D
issued. 5io0N090. the balance. SN,e9C9o.
OF the sl-0m.0po authorized. can only
he Issued az the rate OF 5000 Go0 annually,
beginning with the year 1896, for the ac-
quiremont of new property or for now
construction.
carried ....... ........s,fg7Ss 3.sa2, f7s
Average distance per pas
senger ........ ...... 5l.s3 miles s. miles.
Revenue from pas
scngcrs ........ ...... Sl2soS0S Sil6S.7o6
Number OF tons car
ried ........ ........... Ge75.75O 6,363SlO
A.. distance hauled
per ton ................ 1912 165
/ Tctal freight earn
ings ........ e.. ....slo.H602s No5es.z2s
7 Gross earnings per
mile .--.-... .-.-..--- St,lM 5000
operating expenses per
mile ........ ........ 1914 s2.gS2
OF the 1892 miles Of main line. ssS miles
are laid with iron rails. 65s with steel
rails Of So pounds or heavier. and 3326
with steel rails OF 60 pounds or less.
The gross earnings Of the company for
the last five months OF this year, as
compared with the last five months Of
last year. are as follows:
Earnings for five months ending No
vcmber 90 1895. S2.S7l310, showing an in
crease of S2sooG9 over same period OF
previous year.
NORFOLK AND WESTERN RY.
Tho net earnings OF this company for
several years past not being equal 90 fits
fixed charges. the road was placed la the
hands OF receivers on February s.. 1885
Committees have been formed. both I'm
London and in New York. f0r the pro-
lection OF the bOnd-h0idars Thorough
and exhaustive reports uDon the proper
ty for the past three years have been
made for the committees and plan for
the reorganization of the company will
probably be reported this month. which.
it o. hoped. will be acceptable 10 tie
security
The operations for the past ten months.
as compared with the same period last
year. are as follows:
1885,. iSef
Miles operated o.. 90. 1.510 1867
Gross earnings ...... SIs2S.732 SS152.5i0
Expenses and taxes. 61W,e4 C.o5a.s0l
Net earnings 900. a.7s0iS $2.2l6.709
The decrease in net earnings. amount
ing TO S5oS.650 was largely due 10 the
great strike az P0cahOntas. which lasted
about three months, beginning i'm may
last.
GEORGIA AND ALABAMA RY.
This railroad. in which large amount
OF Richmond capital has been invested,
extends from Montgomery, Ala. 20 Ly-
ous. Ca, seventy-dve miles west of Sa-
Vanuah. Total mileage. upon the COM
plen0n Of the extension 10 Savannah
which is now under way. $40 miles. This
company was organized in August. 1856.
as the successor to the Old Savannah.
Amoricus and Montgomery Railway.
Capital stock. $S500000. OF which }5.lo0.000
is common. and S340o.g0 g per cent. pre-
frfrIN STOCK. ne IDAael ltNf CONSISTS
OF nrst-m0ftgage preference per cent
hfty-ycar gold bonds, issue limited 90
$500 per mile. not 10 exceed 100000.
nrst-mortg3gei consolidated . per cent
nfty-year gold bonds limited TO $1,000
per mile, of which $500 H. reserved TO
retire preferred bonds. total issue not 10
exceed Sl0001.eO.
The net earnings OF the company for
the thred months ending December J..
1885, were sufficient TO pay interest for
The ful twelve months on the entire ont
standing issue OF preference mortgage
bonds. leaving earnings for the remain
ing nine months 20 be applied 10 the con-
solidated bonds and preferred stock.
Gross earnings for the third week i'm
December. 1875, just received show about
90 per cent. increase over the same period
in 1874
FtRMVILLE AND POWHATAN r. r
Earnings and operating expenses for
twelve months, ending October 81. K95.
are as fellows.
Gross earnings .....s5s5f5 S6ssS5 $3.50
Expenses ............. 1850 500 l.5T
Net earnings .....Slis+ S2l,5li 1912
Correction.
In Yesterdays edition Of The Times ap-
reared "a card headed "Starke Gets the
Columbia In this article IL says there
was a long controversy between the Pope
Manufacturing Company and ourselves.
We wish 10 say thaJ there has not been
l.lH