The Topeka state journal., 1899-12-18
What the New Santa Fe Man.
agement Has Accomplished.
Statistics Form a Splendid FL
nancial Showing.
MONEY BEING SAVED.
Balances Available for Interest
Show a Big Increase.
The Increase of Net Earnings
Greater Than Gross Earnings.

| A somewhat full account of the fnan-
! cial result of the last fiscal year on the
Atchison, Topeka & Santa F'e system
was published about two months ago.
Earnings have now been reported for
/ One-third of the year 1899-19OO, and with
this starting point a further discussion
! of what the Atchison has accomplished
since the present corporation began
| business on January l, 1896, and of
what the management thinks may be
! anticipated reasonably for this year or
! the next, Will be found of interest.
The year ending on June 80 last show
ed an increase of 81. 300. 600 in gross earn
! ings, and of 81 100, 900 in ret earnings
over the year before. This increase,
large as it was. did not mark the limit
of the expansion of revenue. The month
of October showed a gain of $46O,OOO in
gross receipts, and of $42O, 600 in net re-
ceipts over October, 1898; while in the
four months ending with October, gross
earnings increased nearly 81, ,0OO, 900. and
net more than 81, 100 ,00O Going back to
January for a base, the gross earnings
of ten months. at $34. 60S,000 surpassed
those of the same period last year by
81, ,268, 600, and the net earnings similarly
gained S4,154. 600.
The last statement affords the key
to one aspect of the AtchisOn's earning
power. With net earnings now increas-
ing over previous periods more than
gross earnings increase, the inference
must be that the company IS reducing
its extraordinary expenditure for main
tenance, or is conducting its transpOr-
tation more economically, or both. and
the facts are that in both of these direc-
tions money is now being saved and
the prospects for still further savings
are considered excellent.
The Atchison's life to the end of the
fiscal year ending on June 80 embraces
a period of three years and six months.
The cOmpany's mileage has changed
somewhat since its organization, and
this fact should be borne in mind in
considering the statistics of earnings,
expenses, traffic, etc. Down to the end
of the fiscal year 1897 the New Mexico
& Arizona and the Sonora roads were
included in the AtchiSOn'S operations,
but not the Santa Fe Pacific; the re-
turns for 189S-99 as we'll as those at
present include the Santa Fe Pacific,
but not the New Mexico & Arizona or
the Sonora, a trade as between these
properties having been made with the
Southern Pacific company; and the San
Francisco & San joaquin Valley viii
appear for the first time in the annual
report for 1900. This division, covering
roughly 300 miles of completed line and
seventy under construction, became a
part of the system on July 1.
Bearing these changes in mind, the in
accounts Of 81 the 4eo7 t9ree fiscal years
spectvely, appear as follows:
Gross earnings $40 513 499 $S9 PA O99 $50 62 23O
and faSes-e.. 2s,o67,as s26, 45s 242ao,722
Net earnfngsS1 81, ,446 168 92S7,6n 6.39O.5O8
Other income. 249 434 1S2,027 254, ,499
come -. 81, ,695 6o2 g, 1886 6.645 OO7
-'otiissrS other deduc! u =
come .,.',.... -. -. 2s5ea8 5szos5 5sa7os
Balance avail
est - -. 81, ,429 s69 Ss82, ,578 e.o618o4