The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-18

Adjustment of taxes
paid ........ ...... l4o,9lS 1~,945,9lS
Surplus exclusive
income b a n
lines) ...... ...... 81 96, 6s5
The item of adjustment of taxes
represents taxes paid by the receivers
In January, February and March on
the main line and Kansas and Denve
Pacific lines in excess of the amount of
taxes apportioned to those months and
included in operating expenses and
taxes as shown above. As the company
assumed the payment of the full six
months interest which fell due on its
bonds on July l.. 1898, although IL did
not begin to operate its roads until
Feb. /, 1898 (main line), and April 1,
1898 (Kansas and Denver lines), there
has been included in the earnings from
operation the net receipts from the
operation of those fines during the por-
ton OF time in which they were not
operated by the company, the amount
representing such net receipts having
been received by the company from the
receivers. No interest is charged on
the $4,000 900 first mortgage bonds
owned by the company, as they were re-
ceived on June 80, 1898, the coupon due
July 1, 1898. having been cancelled. The
Carbon Cut on railway. Echo q Park
City railway, Salina & Southwestern
railway and solomon railroad are
branch and auxiliary lines which were
severally operated from jar. / to June
20. 1898. by receivers or under their own
charter, n their earnings are not in
cluded In the statement given above.
The net earnings of these lines. for the
period named were approximately $446,-
$50. which, added to the net results Of
operation OF the as above
given. would max an aggregate of
$4.lS9. 263 Of net income on the basis Of
the 3.00s miles which 1t is intended to
embrace in the system OF the company.
To supply new equipment there has
been appropriated from available cash
other than earnings from
operation, n already in greater part
expended. the sum Of 81. ass. 024. The
company will acquire 5.601 new freight
cars. increasing the tonnage capacity of
It's freight equipment 169.525 IONS. OF
the sum of $500. 600. being the proceeds
OF the sale of the company's three
quarter interest in the Pullman equip-
ment purchased with the railroad prop
erty. set aside as an improvement and
equipment fund. $4l7. 451 has already
been expended for new equipment. Ex-
penditures amounting to S1.s22. $40 have
been authorized for the purchase OF
rails and ties n for betterments. The
Ianu grant andsa n the land contracts
now absolutely owned by the company,
or Indirectly owned by IL through its
ownership of the securities of the Union
Pacific Land company $500. 900 stock
and $40. 0oo. 900 bonds). have the follow
ing estimated value: Lands. SSH, 900
acres OF an estimated value of IS. s97. 500; |
land contracts. $5.Ss4.4 94: total esti- |
mated value. $14,sS1. 994. The Union Pa |
ciic has also acquired and owns all or |
a large majority of the securities and
stock of the following branch lines. now |
operated by the receivers under fore
closure proceedings: Junction City a
Fort k~earney. Kearney & Black Hills. |
q Republican Valley and Union |
Lincoln 4 Colorado railways. |
having a total mileage of SCI miles. Ar
rsneements have practically been COM
for the early acquisition Of the
OF railroad from La Sale to Jules
burg. Col, known as the "Juiesburg
Branch which will add Isl miles TO
the system. The company also owns
many miscellaneous assets. the princi-
pal Of which are all the stock and bonds
OF the Union Pacific = Coal company.
OF the stock Of the PAcihc |