The Washington times., 1902-01-21
GOOD SHOWING Of
CAPITAL TRACTION.
Jubstantidl Increase in Busl-
ness and Profits Indicated by
the Annual Report---PasseR-
ger Earnings $l,228,o72.
OVER 28, 900, 900 PASSENGERS

The annual report of the Capital Trac-
| tion Company, submitted to its stockhold-
ers yesterday, shows a substantial in
| crease in business and profits, and was
| well received by Street generally.
The passenger earnings were 81, 22S, ,072
| an increase for the year of s91, ,39S: Total
] earnings from operation were s1,231, ,6S3,
| and operating expenses were S560,17l, or
| 45.6 per cent Net income from all sources
was s579, ,3S9, and after paying per cent
| dividend on the s12 OO0, 900 stock there was
a balance of 1889.
Carried Over 2S,OOO,OOO Passengers
There were carried during the year 2S,-
| 362,565 passengers, or an average OF IT,
| 200 day. OF this number 22,000,000 were
| ticket passengers. and 100000 paid cash
fares. The increase In the number of
passengers carried was about 2,250,00O,
or more than 5000 a day, as compared
with the previous year.
The main lines Of the company had
large increase in business In every month
of the year except April and May. The
vast crowds in the city during inaugura-
tfon month swelled the number of passen-
gers something like 0,000, and the re-
ceipts of March were s25 900 in excess of
March in the previous year. From June
| until December the average increase OF
receipts was 50, 900 month.
The Chevy Chase line did not increase
Its business for the year. The total pass
enger receipts were only S50,615, as com
pared with s51 ,060 in the previous year,
a net decrease of S445.
The total train mileage made by the
company during the year was 4,643, ,595.
The cost of running the trains per mile
was III cents, and the receipts per mile
were 26.4 cents.
Extension of the System.
Several extensions of the system were
completed during the early part of the
year. They are important additions and
have brought in large proportion of the
increased business. They include the line
west of the State and Navy Department
Building on and G Streets, the line on
Pennsylvania Avenue southeast, the Balti-
more and Ohio loop, and the Peace Monu
ment loop. The total cost of these extern
,ions WAS s306,002. OF this sum Sl02,0 900
was paid out OF the surplus earnings of
the company for the past two years, and
the balance of $500, 600 is carried on the
books OF the company as bills payable.
The company expended during the year
on its main lines in maintenance of way
SCI 403. and in maintenance OF equipment
$5S, ,703. The operation of the power plant
cost $50, ,46S. The wages of conductors and
motormen were s21S,153, and other car
service cost s4S 1856, making total for
car service of S266, ,939. Salaries of gener-
al officers were s35, $40 and OF clerks ST.
S34 Total general expenses were S102, ,9l3.
Deficit on the Chevy Chase Line.
On the Chevy Chase line 1920 was ex-
pended for maintenance of way; s5,4S8 for
| maintenance of equipment; si1,9S0 for
! operation of power plant; s24.78s for car
| service, and sS,26i for general expenses.
! The operation of the Chevy Chase branch
| of the line shows net loss for the year.
| The total cost of operation was S5i, 124,
and the total receipts only s52 zee. In ad-
dition there were taxes of about $1,000
paid out, and the cost of new construc-
tion was s16,e64.
The balance sheet of the company on
January J. 1902, was as follows: