The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-30

ment has been given heretofore, but the
full figures are interesting:
Gross earnings. 81, 1863, Oi2 Inc sSO0237
Net earnings. ,32s, $50 Inc. 22s 572
Net operating income. 95s,650 Inc. 3D.
Miscellaneous income, not
including land sales. Bliss Inc. 81 0l4
Net income main system 81, OOl, $50 Inc Sl25. 725
Proprietary lines........ 2i,533 Inc, 1872
Total .................. sI,O26s72 Inc. $685. 5s
From July 81 10 March 81
Gross earnings. So. 7sOsis Inc 50. 100 7s5
Net earnings II, 5il 6J7 Inc 432 216
Net operating income. 10, 01S, ls4 Inc. gS7 2s3
Miscellaneous income, not
including lana sales. 42l 1913 Inc. 15i,G22
Net income main system $40, 5OOl77 IncSI ,I41 905
Proprietary lines. 2Ss.59j Dec. s5.527
Total .................slO,7s s,772 Incsl o56,s7s
Other full statements are as follows:
Southern Railway for March
Gross earnings. $2,s55,sO9 Inc. SS967is
From July to March 81
Gross earnings s23 9,l, 9O2 Inc. S2ol4 POS
Net earnings. 1880 Inc. s--2l3
Chicago, Burlington and Quincy for March
Gross earnings. $4,000 Inc. Sj3l.3Js
Net esrnngs............. l.i3O.s5 Inc. S370j
Surplus .-.............. 5000; Inc. 30, Ggj
From July ! to March 81
Gross earnlngs-..-. $50 SOL ,.36 Inc. s., 3Oe,222
Net earnings. ..-........ IiI09,227 Inc. lO57 l6g
Surplus ................. 6slO,227 Inc. 1858 799
The Erie Railroad is making money. and
its constant additions to revenue, despite
large expenditures for the good OF the
property are supplying net returns that
have never before been equaled for cor
responding times in the history of the
property For March gross earnings were
s., 1895. $50. an increase of $232, l95 over
March, 1899 while net earnings were $500
2I6. a net gain of 500. 1888 operating ex-
penscs increasing sl25,202. For the first
nine months of the fiscal year gross earn
ings increased s4,0s6, 731 ana net earnings
81 $780, 93 The Susquehanna road, owned
by the Erie, returned gain In net earn
ings of s6.201 for March. and a net gain of
S7S,25 for the fiscal year to March 81.
a story is published by one of the New
York papers to the effect that the reorgan-
ization of the Kansas City. Pittsburg and
Gulf Railway has been delayed by the un-
Willingness of capitalists to be identified
with concern in which John W. Gates,
the steel magnate, is so much connected
The story is an interesting one, but there
is not much reason to give in credence
Mr.. Gates is much interested in the reor-
ganization, but he distinctively has not the
control of it, as has been shown on several
occasions. He was influential in securing
the success of the Philadelphia committee
in the contest for the reorganization of the
property and in the Immediately suhse
quent events. He was aided in this by Mr.
Stiilwell the old company's former presi-
dent and the promoter of the project. APP
parently, however, Mr. Gates was not
strong enough to cause the retention of
Mr. Stillwell. The latter was dropped soon
after the New York interests joined with
the Philadelphia committee in the reorgan-
ization Mr.. Gates was also unsuccessful
in obtaining the appointment as president
of the new company Of the Chicago officer,
who it was generally understood was his
nominee Instead, Mr.. Fordyce, of St
Louis. an outside man, was chosen. Al
though Mr. Gates and his friends are well
represented in the voting trustees and di-
rectors of the new company, they are
probably in a minority Of the voting trus-
tees, while the directors seem to be nearly
evenly divided. The voting trustees. who
control the property for five years, are John
W. Gates, Herman Sielcken w. Eden5orn,
and John Lambert. of the Steel and Wire
Company; S. r. Shipey. Gen. Louis Fitz-
gerald and President Stillman. Of the Ma
tional City Bank. OF these. three and pos
sibly four represent the Gates interests.
They are thirteen directors and OF these
only five are distinctly Gates representa-
tives
Buying Of Wabash securities is for the
account of people with close connections
with the management, who have been in
formed that the company is not only earn
ing the full interest on its debentures. bu,
that payments will be begun soon on the
81 bonds. There has been fair amount