New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
INCOME FOR THE YEAR.

in isss. g. per cent.
INCOME FOR THE YEAR.
These figures President Rosslter points OUT IN
c,ude n charge OF $529212 TO damages, large
mar, Of which IL on account OF accidents occurring
in the preceding fiscal years. Continuing ne says
The income account Of the BROOKLYN Ra apo dransII
Company for the year ending June 81 lSs' as VIII
be seen in the following ta6e, SHOWS to naid IN
seps OF $50 III Ou Ra T Transit bonds and for
miscellaneous general expsn pen OF tne SUR
Rapid Transit Company o 80 3 The acc9smuaed
surnIus prior to June go 1895 s25b7S 80 making
total surplus on mp5 5pn The old Of
0n m, While the company would nave peeh HdS.
in the shape OF a dividend, think 1t has adopted
the wiser OF using 1t for the strengtmSins
ond has therefore appropriated toward new equip
ment and construction on railroad propeItes, go -
4s2 "a and toward extnguishing old dehciencles OF
the brooklyn. Queens County and SUBURBAN Raj az
road Company. which were accrued pr,or 70 Ine
Company and for which the Rapid Transit CON- n,
pany not responsible vi ~ ne tHsTo ~
The constituent companies is excellent, and their
books are exceedingly clean
On June 30 1895 President Rossiter goes on to say.
the Brooklyn Rapid Transit system included 800
miles Of railroad (sngle track and during the year
preceding had shown passenger earnings OF S4sl co.,
ION June 30 1899" he continues. 1.-The system
conprjsed Cncuding the Kings County Elevated
Railroad Company. which has been contracted for'
but possession OF which has not yet been gven) ~
miles Of single track. with over 200 miles ~
franchises yet unbuilt. and the combined passeA-
ger earnings for the year then ending were Sn,-
0s e1s TO which should he added s35sO57 represent
ing earnings from miscellaneous sources. making a
total earning capacity for the year Of 81, 1928
"These earnings were based almost entirely on
former conditions. for OF the new properties ac-
oured the Brooklyn Union Elevated Railroad Com
panv and Nassau Electric Railroad Company were
taken over only on April l. 1929; the Kings County
Elevated Railroad Company. while contracted for,
has not yet been taken over; the Brooklyn ana
Brighton Beach Railroad formally opened for
business only May 80 1893 and regular operation
was not begun until some weeks later; and the
Prospect Park and Coney Island Railroad, with al
lied lines was not acquired until June H. 1879
INCREASE OF CAPITAL.
The report refers the recent increase Of the cap
ital stock of the Brooklyn Rapid Transit Company
from $4,000 600 for the purpose Of ac-
quiring the roads recently taken over by It, and
also the Kings County Elevated road. soon to be
taken over. and for providing money for the cleo
trcal reconstruction and equipment Of the Brook
Ign and Brighton Beach and the Prospect Park and
The brooklyn Rapid Transit system the report
says is in mileage Of track the largest street rail-
twice the trackage of the Metropolitan Street Rail-
way Company OF this borough ano SHY P Phe
adelphia, and In amount of passenger earnings II
surpdsSeS every other street railroad system IN the
world. with the exception Of the Metropolitan
Street Railway Company of NewYork. The gross
earnings Of the company for the year beginning
July l. 1s99-the first full year Of operation as a
combined system-will be not less than $4,000 600,
Mr. Rossiter believes while its entire net fixed
charges after deducting payments between COM
panies will be 81 400 900 which is somewhat less
than the fixed charges of the Metropolitan Street
Railway Company. and S2.20O00 less than the fixed
charges of the Union Traction Company OF Phila-
delpha. II is the presidents estimate that the
system should be operated. including the payment
Of taxes. at not over 80 per cent Of the gross
earnings under full electric operation. and this
percentage should be reduced as economies are
fully established. Regarding plans for further i'm
provement Of the company. the report says that
there are now being delivered $50 standard large
double truck cars, together with nine hundred
forty horse power motors. complete. with control
lers: that all the Closed Of the company are
being painted and thoroughly overhauled that
contracts have been let for three hundred large
double truck open cars, to be delivered spring
and that experiments have been carried on for the
iest SIX months with power brakes, II being the
intention or the management to equip all its cars
with the power brake which shall most satisfac-
torlly meet the tests. The report closes with an
exposition OF the benefits to the Brooklyn Rapid
solIdation N' - ~