Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1899-07-20

represents a capital W se0.A per mile of
lin. Tho amount Of capital which existed
In the form If stocks WIS SL3SN 26N.32l of
which ~. 2G9 27l.7ii was commou stock, and
N,1lS,9mi go WIS prcfcrrs I'd stock. The
amount which existed ia the form OF fund
ed debt was s.. i3O. 2Sj.7l0. comprising mort
gage bonds, N6iO,7G2 G32, miscellaneous
obligations, A'6n7127o; income bonds. $E2,-
l9L6SN. aud equipment trust obligations,
Ho,3il.lll. Thc amount Of capital stock
paying no dividends was S67o.li5,23o. or
&c % per cent of the total amount out
standing. rh" amount of funded debt. cX-
Guiding equipment trust obi cations, which
paid no interest. was $Nj2, iu2i21
Tho amount of current liabilities out
standing at the close of the year named
was $40 ol3,99j, or sop per mile of line.
PUBLIC SERVICE or RAILWAYS.
The aggregate number of passengers
carried during the year ending June 20,
1875 as returned IT. the annual reports Of
railways. was iOl N3,6Sl indicating an in
crease. as compared with the year ending
June 80, 1897. of 1854, iS3. The number Of
tons of freight carried during the year was
Na. 00d.3N, there being an increase Of 49,
SOO,3G.
EARNINGS AND EXPENSES.
Tho gross earnings of the railways ot
the United States, covering an operated
mileage of ISL, Gas % miles, were Sl,2i1,d2l,
62l for the year ending June 30, lNS, 1cing
greater by 1929 23j, SIS than the correspond
ing item for the fiscal year preceding. Tho
operating expenses during the same per-
iod were SSl7.973. 276. being an increase Of
So, iiS,jl2 Ms compared with the year 1891.
The income from operation, that is the
amount of gross earnings remaining af-
ter the deduction of operating cXpCIsts ),
commcnly termed net earnings, was Si29,-
3523iI. This amount Is $59,1S1 1886 greater
than it WAS for the preceding year ending
june 80, 1881. The amount of incom" from
other sources was $l3S 2U2. 40 The total in
come of the railways, $ir57, 5;,j,12i that is.
the income from operation and income
from other sources. is the item from which
fixed charges and other analogous items
are to be deducted before reaching the
'amOWnt available for dividends. Taking
from this amount the total deductions
from income $4&7 23j 7o3, leaves SliH3la, ri
as the net income for the year available
for dividends or surplus.
/ The total amount of dividends declared
during the year. including $3.50. other
payments from net income, was $9d,2io,Ni
1t therefore appears that the surplus
from the operations of the year was $ii-
O'S, 81 An analysis of the total deductions
from income $i27,23i,7o3, mentioned above,
shows that they were composed Of the
following items: Salaries and maintenance
Of organization, Ni? .325: interest accrued
on funded debit. SIG 12G G'l; interest on in
torcst-bcarrg current Liabilities, SG015@j@;
rents paid for lease Of road so, 391 COS;
taxes. $i5.>2N22i; permanent Improvements
charged to income account Sh.S47 .905, and
other dc duCtious, $50 i2tI7
RAILWAY ACCIDENTS.
/ The total number of casualties to per-
sons on account &C railway accidents dur
ing the year ending juno 90 lSeN, was a.
III The aggregate number of persons
killed aS a result Of railway accidents dur