Semi-weekly Windham County reformer. (Brattleboro, Vt.) 1897-1901, 1901-08-13

Sl09. i24.l9
Capital stock. SI1,5000D
| Bonded dcbt, $4,000. 90
| Bills payable, 3lGD0.0O
Accounts payable, 2.2o0.nO
Dividend unpaid, 1868 90
surplus, 2,4j9.l3
500, 42+.l0
This means obviously, that the
road has SlSG112 less cash on hand
than it had year ago. and oses
$500, more money borrowed besides
the SlG5J dividend of last year. de-
clared but not paid. This while it
has done about 30 per cent larger
business SlS, Ia. IS against some Sl2.
000 years before. Tue diderenre has
gone into the Centrevills plant
whose cost row stands at S2G, 800
Tue hoods issued to cover this in.
vcstment are not yet marketed except
a small amount and the money is
borrowed of banks, though Treaurcr
atckuey stated tuat several parties
wers negotiating for them and it
was hoped TO soon dispose of the
balance. But even when marketed
they will rot come within Sl500 of
co,ering the Centreville investment,
though when the issue was voted it
was expected that they would do this
and leave little surplus besides, for
other improvements or extensions.
Manager Jones stated that the
Ceotreville works had cost a go7i
deal more than anybody had antici-
pated. that many changes had TO te
made, engines didn't work right at
first, and mistakes had bsen made
that all cost money. Goal had also
been high and they were not in
shape To utilize the water power when
it was fist available, so that all to.
gether the power had cost more than
it did when il was purchased OF the
Electric Light Co. y coed zeal more
had been used to handle the % psr
cent Increase of business in fact, |
the business couldn't have been done
from the power they used to have
but perhaps it had cost more pro
rata. But the shaftiug and wheels |
were now running smoothly, the water
wheels reany to utilize all the power
the brook could furnish, and be aas
confident that another year would
show a cost as low and perhaps lower
than when rented
1t is always the experience in
installing new plant that it costs
more than expected ana lots CT
money gees into it that is hard t1
trace. The 500, 800 certainly looks
like a big investment for it: but how
much if any of it is wasted or sunk,
depends on the income 1t can be
made to Weld. That income will
consist of the rent received, some 5000
2 year now, plus tue power furnished,
figured at what would havs to he
paid for the AMOUNT used IL reutad,
say 1890 year, less the cost CT
,oal and labor required to run 1t.
The coal last year cost about 5000,
lut on permanent basis 1t Is eX
lected that it will cot be over about
5000 a year The labor is some $1,000.
To cover depreciation, Interest, insIr-.
.nce, etc, there must he figured in
Innusl expense ID per cent at least
~ the cost of the machinery aud all
Iut tue building, sayS20, 000, or 81 0G0
wear. This aided to the coal and
sbor means 40 annusl expense ac-
count Of 5000. As Offset, there is the
loxer. at what it would cost to rent,
lseraging some $500 year 10 the .
,lst, ard about $500 year, when
he Increase is figured, tlast year it
vas $500 10 round numbers rs rear ,
Is can be figured nearly 5000 year
RIM rent. 800 from cleo
rio lights, about 500 :
,ear that used to he psid for besting
,ars and buildings, and SO, year
or rent of house. Total S53l5. so the ,
over station last wear came $1,000 :
hort of taking care Of itself, az d rs near
- can tie iugded will fall $500 year :
hort on tue present basis. But there I,
5 still a full floor and uarts of the
,thers vacant in the bulldog and if !
hey caa be rentej, they will come
veil to Ssrds filling the gap, while ,
here is also chance to extend the :
lectric lighting at some profit. Prob
bly,. On the whols therefore it does ,
lot seem that there has been large :
.nount sunk in fitting up the buil1-
ug. but it is certain that there will
,e no such large n srgin Ct profit as ,
o-ra,sa1 HrEr II GhnnlH he 3