Omaha daily bee., 1902-09-14

already stated were distributed among the
four general divisions. as follows: Main
tenance OF way and structures 1921, 056, 602,
increase S19, S36, 0S1; maintenance Of equip
ment $3.50, 299, $50, increase 1925 $50; con-
Quoting transportation $685., 265, 789, increase
$50, las, 463; general expenses $42, sec, 55S, in
crease $3,237, 1888; undistributed 81. POS, 766.
The operating expenses amounted to 5000
per mile OF line, or 1916 more than for
the year Immediately preceding. The re-
port contains an analysis Of the operating
expenses for the year in accordance with
the ffty-three accounts embraced in the
of1cial classification of such expenses, with
a statement OF the percentage Of each item
Of the classified expenses for the years
1895 to 1901.
Net Earnings for 1901.
The net earnings amounted to s55s, lbs, 767,
an increase Of s32, 512, 463 over that of the
previous year. The average net earnings
per mile were $2,S54, as compared with 81
729, a small increase over the year before.
The amount Of income received from
sources other than operation was S179, 146,-
449, which brought the total net income up
to $737, SIS, 216. The amount available for
dividends or surplus, after deducting the
fixed charges and analogous items from the
Iolhi net LhComcs was SS1AgoAAiSAd AhS
amount of dividends declared during the
year Qncluding $40, 1852 other payments from
net income) was $3.50, TAG, 536, leaving as the
surplus from the operations of the year end
ing June 30. 1901, $S4, 764,7S The surplus
for the year 1900 was $s7, 657 1888. showing
the first gain of that year over 1901. In the
amount stated for deduction from income,
S496, 1868, 1913, are embraced the following
items: Salary and maintenance OF organiZa-
ton, S532, 299; interest accrued on funded
debt, 3262, 094. 1928; interest on current liza
bilities. Sc .526, 572; rents paid for lease OF
road, $112, GA, s22; taxes, $50. 944. S72; perma-
nent improvements charged to income ao-
count. sS1, sSs. 7s1; other deductions, $780,
ss1s2S4.
Capital stock Account.
The amount Of railway capital outstand-
ing on June 80, 1901, was S11.6S III, 991. This
amount, on q mileage basis, represents a
capitalization of s61,52s per mile Of line. OF
the total capital stated. s., 1905, 597, 1o4 existed
IN the form OF stock, Of which $4.475, 439, 72l
was common stock and 1881 57, 1888 pre-
ferred stock. The amount which existed in
the form of funded debt was s., Ss1. $50. 1897.
This amount comprised the following items:
Mortgage bonds, So 4s. 81, 611; miscellaneous
obligations, {546. 7so, ASS; income bonds, s2ls,-
s72, 06S, and equipment trust obligations.
S6s, lie, 72s. The amount Of current liabilities
which is not Included In the foregoing hg-
ures was $500. 4oS, 419, or SS,2e6 per mile OF
line.
The amount Of capital stock paying no div
idends was 81, s2s, O21, s25. or 4s.73 per cent
Of the total amount outstanding. omitting
equipment trust obligations, the amount OF
funded debt which paid no interest was
1891. sO5. 2OS. or the stock paying dividends,
s.2s per cent OF the total amount outstand-
ing paid from 1 to 4 per cent, 1887 per cent
paid from 4 to 5 per cent. 10.47 per cent paid
from 8 to 6 per cent. S.n per cent paid from
9 TO Z per cent, and SGT per cent paid from
7 to s per cent. The amount OF dividends
declared during the year was si56, 1876, 7S4,
which is equivalent to a dividend OF 5.2e per
cent on the amount Of stock on which some
dividend was declared. The amount Of div
idends declared In 1900 was $1ss. 597 ,s72. The
amount OF mortgage bonds paying no inter
est was $685. 75, 9ss, or 1886 per cent; of
miscellaneous obligations, S7s,072, 4ss, OF
1870 per cent, and Of income bonds, $685.
156. 746, or $3.50 per cent.
The number Of persons in the employment
OF the railways of the United states as re-
ported for June 80, 1901, was l.071.1s9. or an
average Of 54s employees per 100 miles Of
line. AS compared with June 80. 1900. the