The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-20
IT WILL COME N HANDY
Many Will Take Advantage OF
the Low Rate to Omaha.
OVER THE BURLINGTON
Montana Day at he Imposition The
Great Northern Stock Issue-Rsil-
road Earnings Continue
to Decrease.

A number Of people from Butte will
take advantage Of the $40 round trip
rate to the Omaha exposition for Mn
tana day on the 18th Of the present
month. Tickets will be on sale next
Sunday. the ceth. which will give Mon
tanans sufficient time to get to Omaha
for the great day. The popular Bur-
lington route, In connection with the
Northern Pacific. has made prerara-
tions to handle the bulk II tile excur-
sion business. and Phil Daniels prom
ises that his road will try to Guido
it's own well known attention TO the
comfort Of travellers to make IL pleasant
for Montana's visitors TO the exposition.
The $40 tickets Will be good for Is days.
which will give ample time for q salts
factory visit. The same rate applies
to the Southern route.
The Great Northern issued q circu-
lar to stockholders last week, announc-
ing the right to subscribe for 25o.000
shares of new preferred stock pro rata
at par. The issue Of this stock n TO
provide for the redemption Of $15,0 00. 900
of collateral trust bonds n for the
purchase of the capital stock OF the
Seattle & Montana for not more than
SO, 900. 900. Upon the cancellation OF
the collateral trust bonds SIS, 900, 0Oo OF
Pacific extension ond OF the 81. Paul,
Minneapolis 4 Manitoba are released
and become the property Of the Great
Northern. Stock OF the Seattle 4 Mon
tana Is now held in trust for distribu-
ton to Great Northern ockho'ders OF
record July 1. 1898. The directors have
authorized the purchase of iris sto'k
"a -, ~At 70 A~anAA M mar Tonf nj
its par value
The preliminary report for 1897 on the
income account OF railways just Issued
by the interstate m commission
shows that mile earnings, gross ana net,
continue to decrease and that the allie
ratio OF operating cost to earnings does
not show a corresponding reduction.
The number of lines represented IN
the report Is 743. whose total mileage
on the date named was 1S0,O27, a de-
crease Of 1885 miles from the numper
covered in the report for the previous
year. This accounts for about 81 rer
| cent of the total railway mileage OF he
United States. From passenger service
the roads earned 1914. s5s. SIC; from
! freight. s773, sos. 253. The other earnings
such as car mileage, switching charg"s
rents and interest on investmen q, Were
sos, 155. asa. The gross earnings Tor nc
year were 81. ZIG, 613. 254. The operating
e~xpenses amounted to s747. $50. $50. The
gross earnings per mile OF road was
81. 2O2. a decrease of Sis 4 mile from
the earnings of 1896. The net earning
were s., O5O a mile. against s2,O72 ir 1876
Mile earnings rave steadily decreased
since 1892. in which year the gross earn
ings were s7.213 and net earnings w.
404. =.
During the year there were paid II
Al a.-aa ltaFnCf M
bonds, etc, $347, 1893, 1872. leaving $5o,Sis,
$50 for dividends and surplus for tn
year. The dividends declared amounte'
to s57. 2s0, $40. showing q deficit OF 81,
412, 399 in the income account Of tn
railways as a whole. Against this
however, IL should be stated that tn
deductions from the income previousl
mentioned included about $40. 0oo. 900 @
dividends paid upon the stocks Of lease
lines and rentals.
The Missouri Pacific has ordered :
1o-wheel freight engines, Is from tn
Rogers Locomotive company and ]
from the Cooke Locomotive Works. A
details have not yet been definitely Sc
tied. The following dimensions cove
those to be built by the Rogers Loco
motive and the others will /
similar: Cylinders. 20x24 inches: vhe'
base, rigid, ~ feet 6 inches. total % fe'
4 inches: boilers. extended wagon-to
type. 60 inches in diameter at smok'
box: hrebox. 1o2 11-16 inches long. 40
inches wide, 76A inches deep at froi
and Sc inches at back; flues. 2S2: on
side diameter 2 inches n IL feet
inches long: CRATE. cast iron rockini
driving wheels. 60 inches outside dian
/. eter. made OF cast steel. and front AT
back OF cast iron; trucks. four-wheele
: rigid center: truck wheels. 30 inch
, outside diameter, cast iron spoke &c
ters, steel tire: driving and truck a
/ les OF hammered iron, the former 50
III inches. and the latter with SKI
> inch Journals: tender. eight-wheele
: with frame for 10-inch channel ste
= and steel tank of a capacity OF "a
: gallons of water and eight tons OF co;
! The engines will be equipped wi
8 Westinghouse driver. tender al
a brakes. Houston double-track sander
i Nathan ~injectors. United States NETS
. lie piston and valve rod packings. Gro
by mufied safety alv and Latro
tires.
!. The Chicago papers announce that
a meeting OF the Illinois. Iowa a InC
ana railroad in hat city Friday e
Governor Drake of Iowa resigned
president Of the company on accou
Of poor health. T. p. shonts. exec
n ernor Drake s~on-in-law, general ms
aver Of the road. succeeds him. \
r Drake has sold q large block OF
y stock to Joy Morton. the salt mercha
d OF Chicago. and a number OF
? friends. Some of these friends. II
IS stated, are interested In the Atchis'
l. Topeka & Santa Fe railway. Joy NJ
,e ton Is a son OF j. Sterling Morton an
l. brother OF Paul Morton. the second V
president OF the Santa Fee. Joy Nor
~ was elected vice president of the TO
- The general opinion Is that the Ia
!, in the management portends establi'
- ment OF close relations with the Sai
n Fe.
~ 1t Is said that John F. Stevens VII
oy resignation as chief engineer OF
es Great Northern was announced a
rs days ago. will be associated with
railroad contracting nrm OF Fo
70 Bros. of ST. Paul In the construction
the extension of the Crows Nest p
- III