The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-09-26
MAINE CENTRAL's BUSINESS.
Reports OF Heads Of Various Depart.
mentS for the Year.

|
4 mentS for the Year.
The Road Has Done Well in Spite of Bust
ness Depression.
The thirty-fifth annual report of tn,
Maine Central has been sent out in it,
entire form. The directors report state
that for the year ending June 80, 1896
as follows:
The gross earnings of the company 10,
the twelve months ending June Both
1895, were $500, 61s. So, and for th,
twelve months ending June Both, 1895
were 81, SS9, 761.3S, showing an increase
during the last twelve months of $40.
S57. II.
| The ope rating expenses, however
during the same time increased from So.
1885, 563. "a for the twelve months ending
June Both, 1895. to So, $50. 451.9 for the
twelve months ending June Both, 1896
OF an increase of s232, sSaO7.
The principal causes Of the above In.
| crease In operating expenses are, the
| restoration OF five per cent, bein one.
half the reduction heretofore made in the
wages OF employees, calling for about
$SS, wv for the year; the laying of 1850
tons OF steel rails. being an increase
creased expense of about $71, 900; and the
| severe freshets, which prevailed through
| out the State Of Maine in the early
spring months, causing great obstruction
to traffic for mauy days and q positive
| injury to the road bed, water ways and
bridges to the amount OF $S5, 900, as esti
mated.
Many industrial enterprises upon the
line OF our road were forced to suspend
operations for a longer or shorter period
OF time In order to repair the injuries
caused by the flood, SO that orr business
as common carriers was ourtailed there
by.
The restoration of wages we deemed to
be al aot OF Justice to our employees. who
had gracefully acquiesced in the reduc-
tion rendered necessary three years since
by business depression, whilst the food
OF last spring was som ething which could
not have been anticipated.
The report OF the general manager of
the railroad for the year ending june
Both. 1896, shows as follows:
The total number of passengers trans
ported during the year was Q, 10, 7S4.
The total amount Of freight transported
during the year was 2, 678. 203 tons.
Passenger earnings, $I,939, 074. e6
Freight earnings, 2,774, 602 "A
Mails. baggage and express, All, 46S. 6e
Total earnings, S4,o85, 31S. SIS
Miles run by freight trains, l.498 aO4
Miles run by working and
switching trains. 1,491, 997
Total miles run, 4,746, 224
The report of the treasurer shows as
follows:
COMPARATIVE STATEMENT OF BUSINESS.
II Months. 70 Months
July LIST, 1894, to July 1st- Is3s tn
June 30th, 1896 June 3Oth. 1904
$1s2S, 6s3.1S Earnings from Pas 81, 939, 047. 6
2,716,e 10 Earnings from Freight e.774 so2, "a
- q 200 90 Earnings from Express, n 200 90
172,043.05 Earnings from Mails i7l.b99. 40
22,Ss2.s7 Earnings from Extra 25, 669. So
Baggage.
$4S14, So Total Transportation 81 1856 31s. 55
20 ..o on p Earnings.
o., 20 Rents, Wharfage and 81 $3.50 II
Miscellaneous Earn
ings
$4s66, 991.5 IS Total Gross Earnings SIS os7 It's as
:, 035, 49, % Less Operating Exp, 3271,6 72 10
Sl,s31 s1s.s5 Net Earnings, s1.7s5.6O5. es
101, 1871. 81 Less Taxes, 81 779 81
] 646,7ee1s Less Rent of Leased eas,5l5.s65
Lines,
662, 77227 Less Interest. 637. SO. 90
$3.50 Less Dividend on Stock 29S, 524. 90
81, 7O9, 449.57 Total Payments from 81 $50 e5s 90
o,o, 900 Net Earnings,
$122, 70 Surplus Ss1. 1852. 81
The profit and loss account for the year
ending June 3Oth, 1896, is as follows:
DIR,
Operating expenses. 1921, e7s. 70
Taxes az 77o o.
interest,", 637, 1888. 90
hent OF leased lines. $40, 515. 90
Discount and commission on
bonds, 4s.S79. 90
Accounts of previous years, 2.24S.74
Dividend No. SO, July l, 1895, 1861 90
Dividend No. October /, 1895. "a, 631. 90
Dividend No. 35, January /, 1895, "a. o31. 100
Dividend No. 36, April l, 1896, n, 631. 90
BALANCE. 668, 625. 10
IS. 668, 673. So
Balance Of aonouns June
3Oth, 1885, 8 612. go "a
Gross transportation earnings, &, OlO, sis. IS
Miscellaneous earnings, S6. 660. II
Premium on bonds sold, 1.8O8. N
t. ~ "
!nteresb on SINKING FUNDS, 12,4l6. SO
miscellaneous Items, 6,000 90
S., 66S. 578 CD
The traffi" statistics for twelve months
ending June S0th, 1896, are as follows:
PASSENGER TRAFFIC.
Mum Der Of passengers carried
earning revenue, ALTO. 73a
Number of passengers carried
one mile, 84.161. 437
Average distance carried, 81. AZ