The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-10-04
COAST MAKES DEFICIT GOOD.
n. r. ANNUAL STATEMENT SHOWS
INTERESTING FACTS.
shortage In Tonnage On Eastern M
vfsions Of Line Presfaent Mellen
Predicts VIII Ne laaas VI In This
section-Reports show Gains.

The annual report Of the Northern Pa
clio Railway Company for the fscAl
year ending June 80 In remarkable In
many respects. 1t shows that while the
business OF the road has been light on
some Of the Eastern divisions there has
been such = heavy traffic on the Coast
divisions that there IL no deficit In the
earnings Of the road for the year. The
pamphlet copies Of the report sent out
from tho head officss show that during
the year improvements 70 the properties
Of the road were conducfed on an extern
rive scale II Ii shown that q large sum
Of money has been distributed and that
the proceeds OF the new issue of 81, CO.,
% capital stock has been used for the
betterment OF the road. OF this amount
all but 3sH.305 has been expended.
The larger items Of expenditure
charged against this fund are Ssso.5ls for
bridge work. sl2sSH for new spurs. 1884,
ne fer changes OF grades and lines $780,
go for widening embankments. The total
for roadway work was u. ess.if4 and for
new equipment ss4i.sss was spent.
The report dsvotss but one brief para.
IN connection with the affairs Of the
Coast divisions of the road. The effect
Of the shortage Of the spring. crop on the
may reduce the earnings for the fiscal
year. The business conditions on the
Western portions or the system" he SAYS,
nay be onset to 4 eonsiderasIe "xtsnt's
In this statement, II is said. he IL be-
Ing az the present time. as fully upheld
az when three months before the close
Of ihe gross earnings and came within
4 few thousand dollars OF the exact fig-
ures. For IN the ten weeks Of tho fiscal
year thar have elapsed. while there have
been heavy decreases In receipts on the
Eastern lines In the district affected by
the drouth the earnings OF the Western
divisions have made such heavy gains
Northern Pacific have held their own.
The weekly reports have shown gains,
but the statements this year include $40
miles Of additional road Figured upon
q mileage basis the road had earned
81 ssl per mile Of main line 80 far In
1000 against f.see In the same period OF
Northern Pacific gross earnings last wear
were sSa6s per miir of road. against S. SIS
In lSps and Is $50 In isp3 the previous high
record Since isa+ they have nearly
doubted. the. record iu that year being
- 100 per mite. ee against 81, ah Ia 1881
The ability OF the road 20 retain its gross
earninEa OF last year Is regarded az a
remarkable instance OF the buliding-up
sail IN sosas N ne eoming lev weeks
as they will he affected by the close Of
lake and rau trsnic but thUy are not
likely to be seriously affected
mainly responsible for the reads ability
so hold w its income AGAINST a loss
Of sss.sa. or 10 per cent. IN freight the
ssssna wsss y 8, sss s y rsT s.C,
and N the ten weeks passenger Fecsipts
are t3NsSa. or Is per cent higher than
"a the previous year while the gain IN
ne repcrt then frais With the new
conditions brought assut by the purchase
or the S. Paul q Duluth branch