Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-08-23
Rio Grande Places a Record Rush
Order for Rolling Stock,
NEW LOCOMOTIVES AND CARS
New Stock Of the value of One MIL
lion Dollars Issued Increased Bus-
mess Makes Move imperative.

| DeSplle the TACT lnut l1e OcINel q
Rio Grande and the Rio Grande West
ern have been adding to their equip.
ment every month, the increasing bust
mes continues TO swamp the system
B'or some time past II has been demon
strated that it is absolutely impera
tive that the company make big
effort to keep up with the immense in
crease in Its business. The company
Is now adding equipment that Is to cost
100000 and rush orders have been
placed on cars and locomotives for de-
livery In three months on great por-
ton of this huge order.
An official circular to this effect was
sent to the New York stock exchange
a couple Of weeks ago, A copy of this
circular letter Is now being mailed to
all stockholders.
1t reads as follows:
Committee on stock list, New York
Stock exchange.
THE Denver & Rio Grande Railroad
company, First consolidated per cent
bonds. New York, Aug. &, 1902,
Referring 10 our application of Feb.
70, 1902, A--2592, on which 81, 100000 of
the first consolidated mortgage per
cent gold bonds Of this company, NUM-
bered 27,7lS TO 3O,l17 both inclusive, were
authorized by the governing committee
to be listed, this company hereby
makes application to you for the listing
Of an additional 81 ,00O0 900 bonds of the
same series, numbered 30,l1S 10 31,li7,
both inclusive, Nos. 277l6 to Sl.l17,both
inclusive, for $1,000 each, and Nos. to
1000, both inclusive, for $500 each.
The bonds covered by this applIca-
ton are dated July Is, 1885, and mature
Jan. |, 1896, and have coupons attached
maturing Jan. /, 1908, and subsequent
thereto, They bear interest at the
rate Of 4 per cent per annum payable
on the first day Of January and July
of each year, and the United States
Trust company of New York City Is
the trustee under the mortgage secur-
ing said bonds.
1.-The purposes for which the bonds
covered by this and the previous APP
plication Of the company have been Is
sued and used are for the purchase
and acquisition Of certain locomotives
and cars for use upon the lines Of the
railroad company, and all Of said bonds
have been sold and disposed Of by the
railroad company, and have passed be-
yond its control.
"The approximate cost of said equip
ment Is $4,072, 600, against which as Of
February 1902, you authorized the list
ing of S2,4OO,O00 bonds the additional
say of 81 900 900 bonds now APP
Ylf sxri 10 NJ ~
900 against the above approximate ex-
penditure OF si,072000.
"The Denver q Rio Grande Railroad
company dncuding Rio Grande
Western Railway company.
statement of earnings, etc, for the II
months ending May 81, 1902;
Gros searnings.. 49,. ....Sl5,577, SAC. 90
Operating expenses. :. =. 9.54S,39l 70
Net earnings. =. d. ,S6,O29,254. 25
Add interest from securities
etc.... I. :. =. +. g el.539.s4
Total net earnings. .,s6,1sO, 1874 %
Proportion of fixed charges,
taxes. insurance and
rentals.." ..u-" :. :. 1855. 266. 81 |
Surplus. E. e.. 4. ,,,,,,"s2 S02, 567. As
From which deduct;
D. & r. G. renewal fund $40 900 90 |
Surplus for the II months. 81, 692, 567. As
les dividend Of 2h per cent,
Dec, 1901, on D. q h. G.
preferred stock. go. 81 III. 900 90 |
----------------
Remaining surplus. ISL, $50, 5G7. As
There Is handed you herewith a GER
iiled copy Of the resolution of the
'oard OF directors, calling upon the
rustee Of said consolidated mortgage
or the certihcation and delivery OF
aid bonds, and also certificate made
" the United States Trust company.
he trustee OF said mortgage, with ref
renee to the certifcation Of said
onds,
The Denver & Rio Grande Railroad
company, by Il. T, Jeffery, P.esi-
dent.
New York, Aug II, 1902
Al q meeting held this day, the com
1ittee on stock list, under authority
rom the governing committee, direct
d that on Aug. 70, 1902, the above
lentloned $1,000, 900 additional first con-
olldated mortgage per cent COUPON
onds Of 1885, for $1,000 each, Nos. 3d..
Is TO 3l,ll7 inclusive, be added To
mount now listed making total amount
sted at that date $50 O5O.0OO Nos TO
$40 inclusive. Nos. g. us to 3l.li7 In
lusiye for $1,000 each and Nos. / 10
600 inclusive for $500 each.
wv. III. CRANBERRY, Chairman.
WILLIAM MCCLURE, Secretary"