The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-09-30
RAILROAD news.
Annual Report Of Santa Fe by
President Ripley.
Increase Of IS, 242,744 in Gross
Earnings.
GREAT DEVELOPMENT.
improvements Which Have Been
Made in Six Years.
Preferred Stock Has Increased
From SIG to 500.

New York. Sept. So.-1'he annual re-
port OF President Ripley, Of the Atchi-
son. Topeka * Santa Fe railroad, for
the fiscal year ended June 80 last shows
total earnings Of S54. 474. So, an increase
OF ss.242. IA over the previous year
The total operating expenses We're So.
262, s45. being an increase over the pre-
vious year Of ss.74I AS. The net earn
ings were S22.211, ST.. an increase OF
Ss501.29S After deducting interest
charges Of S. US. $40 there remained sl4.-
1S4,401 applicable for dividend and sur
plus purposes
President Ripley concluded his report
as follows. Notwithstanding an al
most total failure Of the corn crop IN
Kansas and Oklahoma. it is not be-
lered that earnings for the coming
year VIII be less satisfa ctory than those
of the last year. The direct gross earn
4ngs OF your property from freight on
corn during the year covered by this
report were approximately $4,000, or
Wnlcn about ODe-rhird came from sec
tons IN which there IS little OF no dam
age The indirect loss of earnings ION
cattle. hogs. etc-) cannot be accurately
computed but it is believed that in
creased tonnage in other lines of bust
ness and other territory VIII quite
compensate therefor
The report shows the most remark
8 Die CeNHI opreur under the present
mana cement lltL mas ever occurred III
the railway world When the company
WAS reorganized six years ago but lit
Tie more than 5000 miles of track was
included ia tie system its physical
condition was far from frsr-class the
rolling stock was limited and much OF
II inferior. and the preferred stock Of
the company Was drug on the mar
ket at a price of SO a share, while the
common stock was quoted at $40.
Today the system includes $500 miles
OF track in excellent condition. the roll
ing stock includes 1174 locomotives.
f11 passenger cars. 1929 freight cars
and 739 miscellaneous cars and the
preferred stock OF the company Is but
little below the par value of 500 a
share and the common stock is SO
share. During the last fiscal year two
semi annual dividends OF 115 per cent
were paid on the preferred stock and
the first dividend OF IL iser cent was
paid on the common stock on June Is.
The funded debt per mile Of road is
are sL124. During the fiscal year 55t
miles 81 track have been added to the
system, and since June 80 last have
been added the FecoS Valley railroad,
the Grand Canyon line, the Gulf, Beau
mont x Kansas City read. and about
geo miles Of new lines are under con-
struction in oklahoma other extern
slons are projected. and from all tnu1-
cations in less than five wears over TO COO
miles of track viii be included in the
santa. F'e system
0A1-I5 the l-l-L year Lle present
management of the co mpany, ending
June 81, 1897, the earn lngs were $780,
S75.7-s- operating expen taxes. etc.
were S24Sl4.425- fixed interest charges
were s. SOS SIS and adjustment inter
est amounted TO $50. $50. leaving n
deficit Tor the year Of S8T e34
In the last fiscal year the earnings
were So ,379, fixed interest charges
were S5-7I6.s70. adj ustment interest
amounted to s.. 05S $40. leaving a surplus
OF sl2.414 so. The average earnings
from operations in 1897 were 81. 752 per
mile OF road. and last year they were
S6.Sl1- The increase ia earnings per mile
las year over the preceding year was
$3.50, or los per cent, and the increase
over 1897 was ST.. 2z5s. or Al per cent.
The average tons Of revenue freight
carried per freight train mile Increased
from 221-40 TO 242.67. or SCI per cent over
the preceding year The average freight
revenue per freight train mile Increased
from S-l6 To 1914. or 1895 per cent The
average passenger revenue per passen-
Ee- train mile increased from So 81 TO
81. or sos per cent The average total
revenue per passenger train mile in
creased from s1-23 to s126. or IA per
cent Tons OF revenue freight carried