The San Francisco call., 1897-11-24
HAS had ONLY
PROSPERITY
Annual Report of the Val
ley Road Filed With
the Commissioners.
The Average Cost Per Mile Of
Building the Road Lowest
on Record.
Line Well Equipped ThroughOut-No
Collisions, Derailments or
Fatal Accidents.


cisco and San Joaquin Valley Railway
| Company was filed in the office OF the
| State Board of Railroad Com missioners
yesterday. The document is volumlnous
| and conforms in all particulars with the
requirements of law. The report OF oper-
atoms covers the period from July l, 1886,
/ to June so 1897.
| The road was not completed from ock-
ton to Fresno until September %, 1896
| The line was opened to Hanford for pas
sengers July 9, 1897, but was not opened
| for freight until July 7. This will account
for the discrepancy in mileage, which Is
placed at 125 miles. Actually 2lO.1 miles
| have been completed, ct an average cost
per mile of SIS 237 so, the lowest cost OF
any standard railroad constructed IN
| this country. The expenses OF operat-
| ing TO earnings is based on the mileage
of 125, and this, therefore, accounts for
the percentage of 73 81
| The company was organized February
| 26, 1895. The directors are: Claus Spreck-
els. PRESIDENT; Robert Watt, first wee
pre- ,ident; Captain a. II. Payson, seoonG
c.-president; Charles Holbrook, ). ID.
Sprscke s. J. B. Stetson: Leon Sioss,
| Thomas Magee, Isaac Urham, Alvinza
| Hayward and ]. A. Hooper.
The date of the last meeting of stock
| holders for election OF directors was July
| q, 1886, and the total mum Der OF stock
! holders at data of election was o25 On
! page OF tie report, IN addition 20 the
| directors the names OF other officers OF
the company are given and among them
! are these: Secretary, A. Mackie; treas
urer, Bank OF California; attorney or
general counsel, E. F. Preston; chief en-
| lineer, w. B. Storey Jr.; division super
| iniendent, a. D. SCHNEIDER, Stockton;
| traffic manager, John Moss.
! On page the number of miles OF rail-
road from Stockton to Hanford is re-
/ ported a 153 A.
! On page II it is shown that the number
! of shares of stock authorized is 10000,
| the par value of shares $100 and the total
par value authorized Sc C00,000 The total
amount issued and outstanding Is s., 454,-
900, from which cash amounting to 81, 49,
! 500 was realized.
The reror, (page 25) presents reea pitu-
| lation in this form: Capital stock s., 454-
! 900, current liabilities $747, III 50, total
! So POI. III So.
/ Under the subdivision relating TO the
cost of road, equipment and permanent
| i'm provement interesting information is
presented in the itemlzed form required
| by the Board of Railroad Comm issioners.
| The expenditures during the year-not in
cons'ructior and equipment amounted to
81, 723. .997 80 The total cost to June 30,
1896, was 81, 499 802 65. The total cost TO
June 80, 1897, was So, 223 799 81.
Under the subdivision of income ac-
count gross earnings from operation are
reported at 5000 133 81, less operating ex-
penses S153, l02 90. showing income from
operation OF $56,030 90. Operating ex-
penses embrace repairs of roadway, $44,
$40 So: repairs and renewal of bridges and
cuyerts $2172 09; repairs of locomotives,
passenger and freight cars, fuel, wafer.
So superintendence, train service, train sup
plies, station service, salaries OF clerks
and attendants and many other Items.
The recapitulation is thus given:
Maintenance OF way and structures. s64.OSO SO
Maintenance OF equipment. 1920 =
Conducting ransportatlon........... "a 1868 AZ
General expenses. b,oS2 81
Grand total. S153 l02 29
The comparative general balance sheet,
pages 40 and so. contain these figures Of
liability and resource:
ASSETS
Cost OF ROAD o. = % 80
Cost OF equipment. 81 1I,obl o4
Cash current assets. $50 81 90
Other assets-materials and supplies 80 $50 So
Grand total. 614 964 O6
LIABILITIES.
Capital STOCK SSS o0o w
Curl liabilities. lie, 1873 IA
Profit and loss. ebO u 81
Grand total '.'... Po- Of 4rSo7 oo
The number of passengers carried one