The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-03

Were Carried Over the Various Lines
During the Fiscal Year-TotaI
Earnings, After Paying All
Charges and Dividend, Leaves
Balance OF $I74,775-COmpany'
Financial Statement.
Inc stockholders of the Twin City Rapid
Transit company will soon be In possess
sion OF the financial statement for 1899.
yesterday the publication of the main
FEATURES of the statement was authorized
oy PRESIDENT Thomas Lowry who ex-
pressed himself as satisfied with the
showing made
That the company has been carefully
managed. both in the interests Of the
stockholders and the public is shown bv
the figures.
The company has reached a position
"here IL can meet all of it's obligations,
pay moderate dividends on its stock and
each year greatly improve it's facilities
Tor transporting It's passengers.
+ 1t Is reported that the gross earnings
OF the company for 1899 were $2,522, 793. S5.
These earnings are the largest the lines
or the company have ever made, and with
decreased percentage of operating ex-
penses have made it possible to paw diyi-
dends and still have a surplus of STA
1925 The outline of the statement Is as
below:
Receipts
Gross earnings ....... 80 400 7q9 &c
Expenses F--''' "
T!to,t .;.;.''..':' l. 156, 972 81
interest tSi on debt and taxes. 62S,242 SS
Dividends nrofayrod
dividends on common Stock 375 pa on
s,,r niTtal '''''.. 94S, 01S So
surplus .''.'.'... ................. 174.775 &c
While the statement shows that the sur
plus applicable to dividends was S720. SIS &C
(of which about $685., 900 was actually paid
IN dividends), a much larger amount was
actually spent by the company In i'm.
provements such as new eouipments
track construction, new buildings and the
like.
These expenditures during the year
reached $SO3, 1853, of which about $500. O0t
was expended in new cars. These ex-
pendltures do not appear on the state
ment above as they were provided for
outside of the general operating expenses
Or the money spent for operation about
$l,OOO,OOO We're paid out directly In wages
for labor to men who live in the two
cities.
Vice President C. G.. Goodrich gives
some interesting figures as to the opera
lions of the company IN 1899.
For instance there were carried on the
cars of the company during 1899 about
so, 600. 900 people.
Considering the population Of the two
cities to be 900 in round numbers the
entire population rode on the cars twelve
times during the year.
The issues of transfers aggregated about
2O,OO0,O00, or As per cent of the total num-
Der of passengers. This was a daily av-
erage of $1,000.
The company now has a total mileage
of 25O miles of single track. A large part
of this is of modern permanent construc-
tion-the heavy rails laid In concrete and
finished with concrete and asphalt pave
ment In the manner familiar to the peo-
pie of the city since the business district
was repaved.
The total mileage made over the various
routes and tracks of the company was
1882 S65 miles or daily average of 1920
miles. Each day the cars of the company
made sufficient mileage to reach one
and a half times around the world.
The total value of the property of the
company is now figured at about $30,000.-
Co., which is also approximately the
amount of stock and bond issues of the
corporation. The increase in capital
stock during 1899 was about $24O 900.
For the current year the company has
large plans.
Mr.. Goodrich authorizes the statement
that 100 new cars are now building or
soon to be commenced. These are all of
the modern, rarge, two-truck type, and
will be finished so as to be put in serv-
ice early in the fall. The addition of this
amount of rolling stock will put the
company in excellent shape for all de-
mands upon It's resources. The expend-
ituTe connected with this and other i'm
provements under contemplation will ag-
gregate a total of $500 900.