Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-10-02
STATE HOUSE.
Work of Maine Railroads for
Past Year.
A Big Increase Of Earnings Shown on
All Sides.
Rifle Practice Drawing TO a CIose-Unusual
Number Of New Corporations.

| OF the railroad commissioners:
| Bangor & AroostOok-This new road
makes splendid showing and exhib-
its business growth which must be
most satisfactory to the management
| The gross earnings amounted to 81
22I916.l6 as against 1921, 253. SO the pre-
| viouS year. While there was a gain
of nearly 100000 in earnings the OPP
Grating expenses increased from $573,-
1913 in 1899 to $142, II this year. But
an analysis of the returns demonstrates
| that largely increased sum was ex-
pended in improvements. In 1899 the eX-
! penditure for the maintenance of way
ana structure was but $173, "a. while
in 1900 it increased to S221 .6421O. In
the maintenance Of equipment, there
was an income of $34,514S0 The in
crease Of expenditure in conducting
transportation was about $S0,0o0.
| The income from operation was $4S5.-
$500, a gain Of $129, 465 81 After paying
| interest on funded debt accrued $3.50
1925: interest on current liabilities &C
crued, S1l1.34; rents for lease of roads,
$21, +01; taxes, $42O3S9 and permanent
! improvements, $79019.A. There remains
q nct income of $53l2005. which is
>i-75.3G more than for the year ending
June 30. 1896 The total surplus June
30 was S160 SS9.97.
The main increase in the earnings Of
the road comes from the freight. In
1899 the total freight earnings were
SOLO, 672. 20; in 1900. SS14 1851
The assets Of the road We're given as
follows: cost Of road. $1713.S7432:
cost of equipment $S53 22252: stocks
owned, 81, $685. bonds owned. S2O77:
cash and current assets. $3lS170.61;
material and supplies, SO. POPS: sun
dries. 1891 1854; total. $9371. 449 %. The
| liabilities are: Capital stock. 81 29S,
SSH. an increase of $120576.47: funded
debt $6,470000. an increase Of $3.50. 900:
current liabilities, $241. 1881: profit and
loss. $3.50. SS997.
The total number of employees is 1910
a gain Of 1SS. and their total compensa-
ton was $419,901.12 as compared with
1891 .5$2. 26 the previous year.
The number Of passengers carried
was 3l5,747. as against 2S9092 in 1899.
tons Of freight carried. 63S 974. against
| 4OS. S5S
The statistics of freight traffic move
ment shows that there was carried So
546 tons of potatoes; 229 $50 of lumber.
which was 30 Is per cent. Of the entire
freight business; 1895 Of pulp wood
The total number Of locomotives
owned is 80, a gain Of 6. Cars, 1854 an
increase Of 453
The total number Of miles operated is
422.3S. which includes an increase of
1911, the Van Buren, branch. and 1901.
yard track and sidings.
total or ooS5 t,,,S of c+aaI ra f1e have
been laid during the year ana 70. 800
cedar ties.
Three employees were killed and % in
jured: two persons who We're trespass-
ing killed and two injured. No passen-
gers We're killed OF injured.
The report of the Portland & Roch-
ester Railroad is a semi-annual one.
and is for the six months ending Dec.
81, 1899, as after that it passed into the
hands If the Boston & Maine. The
gross earnings of this road during that
period We're $3.50 95f.19: operating ex-
penscs. 21l6 81, showing an income
! from operation of $43044.52 After paw
ing taxes there was a net income Of
So 724.$S. The surplus of the road Dec.
81 was $l62 O99.i6
! In figuring the income account of the
/ 4 Mslip h., =
,,1,;Ch ,.,,..,, ea,. ,t,,, san "A,
-etn, .,l 49,, o,,',...:;,'I
| LII eoc "a I'LL .lili4Il Ti'
g p-.trI,.I., ',,'', ~ ~ 'i'''N
/ ou,,r,t +o,ra.t,a,. .,.i.,. INV ~
o,-..,,.o.. e,,, .t,, -. .t,- 1t -
| 49,, % ,.i,t MI,
1I,,i.,. ta.,i- 'o'o'i
| Lime Rock Railroad Col. gross earn
'IlsS' @"Voo-o9' an increase "t Ao96-li;
operating expenses $Z"Z'fS3o' leaving
At income from operation q "f68oi
ne net income was $2',hb64, after
paying interest ahd othcr charges and
Il DIVIDEND "t ! per cent. amounting 70
Sia'ooo was declared on the common
stock. me surplus from the years OBJ
'ra'l"nS Wa @'io''+' put lhe t"'ai sur
piuS' June IT. was S-p'fuN.-n.
hthh"o'c tehlFat ms r"ad runs
from Gardiner I" loSuS. 'froSs earn
lhGS. Fl',IZ'-3f' against $l'''hl-9Z IN
l6."' operating expenses FIiISo--5.
leaving an increase from operation 81
S7943.'l, an increase al S9o''23. After
the payment 81 interest ana othoi
charges ana per cent on the COM
mon stock. $500, there remained sur
pluS OF $lb'5.Hf