The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-09-19
MONON ANNUAL Meeting
NO CHANGE IN COMPOSITION OF
BOARD OF DIRECTORS.
Report as n Whole Favorable One
1OO,2SS Shares, Mostly by Proxy.

The stockholders Of the Chicago, Indian
apolis & Louisville road held their annual
meeting yesterday in this city, at which
100, 2SS shares were represented. The terms
of Samuel Thomas, Temple Bowdoin and
Amos T. French having expired, they were
reelected, leaving the board OF directors
the same as last year No other business
was transacted. The annual report or W.
II. McDoel, president, shows the total
mileage owned by the company. which con-
sists of 5OS.S5 miles of main line, 163 miles
of sidings and 2S.04 miles of track used un-
der contract, making the total main line
operated 546.11 miles. The gross earnings
for the year ending June 80 were Pas
senger, $1,000, 1876; freight, 81 $50, 1885, ex-
press, S11O,93174; mail, 1872. 1866; telegraph,
s., S6O26; miscellaneous, s33. 80; total earn
ings. "a, $50, 47017. Operating expenses: Main
tenance of way and structures, 2SS61.6I;
maintenance of equipment, S515, 1898; con-
Quoting transportation, 81, 49,, 1881; general
expenses, S2S5, S7127; taxes, $3.50, 49, 70; total
operating expenses and taxes, 81, 653, 542 3S
Net earnings, 81 496, 927. 10; ratio Of expenses
TO earnings Including taxes 63.93; ratio
of expenses to earnings Excluding taxes)
1894 Fixed charges: Interest on funded
debt, S771, 294.44 rentals, S20S, 635. &c; total
fixed charges, 1919, S3O10; surplus from OPP
Grafton, S516, 1919; dividends from stocks
owned. ISL, 1854; interest on bonds owned,
S44,5l2.S5; interest and discount, $9.279.04; to-
tai surplus, $685., 773.5S. Decrease in gross
earnings, s27,41S.11; increase in operating
expenses, s19,1O3.s1; increase in taxes. So
232. 49, decrease in net earnings, $50, 754 70 in
crease in fixed charges, $7,1f079; decrease in
surplus from operation, $3.50; increase
in dividends, etc, S25 9SS.S2; decrease in total
surplus, $S3,9O6.67; passengers carried, l.
49, AS. There were purchased during the
year 5,25l tons of acknowledgements per-
yard steel rail. at cost of $136. 1851. Dur
ing the year twenty-six miles of track were
ballasted with gravel and cinders, and
twenty-five miles with crushed stone, at a
cost of $S2.23799; $1O7.545.47 was expended
for Improvements of bridges and culverts
during the year, of which s34,O was
charged to operating expenses and S73 545 AZ
10 construction account. During the year
the following steel bridges have been built:
Two spans at the Wabash river north of
Lafayette and five spans at the Wabash
river north of Delphi, replacing spans of
combination bridges too light for it's roll
against .757 in 1900, and the tonnage per
train was Sl.4. against 2913S tons for the
previous year. The tons of freight carried
one mile were 357, 706,91S The rate per pas
senger per mile was 1892 against 1889 in
1900. The earnings per passenger train
, mile, including baggage, mail and express
The decrease in net earnings for the year
was caused wholly by increased cost of fuel
and other supplies The physical condition
| of the entire property has been fully main
| tanned. contract has been made for 5.OOt
tons of seventy acknowledgement stee
| rail and nine locomotives, to be delivered
| in the early part of the coming year. APP
| peal has been taken from the decree of the
| United States Circuit Court favorable tC
| this company in the Beattyville bond suit
| to the Circuit Court of Appeals at Chicago
Counsel for this company is confident
| that the decree will be affirmed, which will
put an end to that vexatious litigation
| Special attention is called to the accom-.
| panyfng tabulated statements relating Il
| the business of the year and the condition
| of the company's affairs at it's close. The
| accounts of the company have been exam.
| ined by the Audit Company of New York
| and its certificate is attached to this report
| The acknowledgements of the board are
| due the officers and employees of the com
pany for faithful and efficient service:
| rendered during the year.