The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-30
LOCOMOTIVE AFFAIRS.
Earnings and Business of the Amer
lean Locomotive COMPANY.

lean Locomotive Company.
The following notice has been sent out
TO the stockholders of the American Lo-
Gomotiye company by the president, S.
r. Galloway:
'"The earnings from June Is to Dec. 81.
1901, partly estimated, were So, SIS, O41. and
the estimated expenses for the same pc
ROD without allowing for depreciation,
$lO. 6S9, 653. The surplus, after payment
of dividends upon preferred stock has
been expended in the purchase of new
machinery and the enlargement of the
plants at Dunkirk, Schenectady and Pitts
burg.
Full detailed reports will be furnished
stockholders at the expiration of the
nscaI year, on June 80, and each year
thereafter"
1t is the intention of Mr.. Galloway to
make full statement Of the business
done and the condition of the company
each year. There will be no secrecy.
The American. Locomotive company
Eight large locomotive plants were CON
solidated. For the first five months
and fifteen days of the year prior to the
organization Of the company, these
For the six months and fifteen days of
operation ended Dec. 81 1901, the COM
pany turned out S99 locomotives, making
total of 1881 engines for the year of
which $50 were built at Schenectady, the
largest plant owned by the company.
inns plant recently constructed for the
Atchison, Topeka & Santa Fe Railroad
company the two largest locomotives
ever built They are known as the
'Decapod type" having ten driving
wheels and tandem compound cylinders
The total weight of each engine is $50 600
pounds, or nearly zoo tons. OF the vari-
Gus types of engines manufactured by
the locomotive company, the consolida-
ton LEAFS with 443, and the mogul
next with 100.
The company is capitalized at S5O,OOO,-
eOO, equally divided between preferred and
common stock. The preferred is
per cent cumulative stock Mr. Gala
way resigned the presidency of the New
York Central to take charge of the new
company. Within the last six months
the directors have authorized the expend-
lture Of 81. 100000 to improve and increase
The capacity Of the plants at Schenecta,
dy. DunkiTk and Pittsburg
1T is the intention to enlarge the vari-
Gus plants until the company has a ca
paclty Of over 1000 locomotives a year.
The company in the course of the year
mas exported engines to Egypt Sweden,
= New Zealand, Canada Java Hawaii
Mexico, Costa Rica. Spain, Finland and
Japan. The company has 250 engines in
Mr.. Galloway announces that the COM
pany will spend at least 81. COG, 900 in i'm
proving plants The, capacity Of the
schenectady works is to be doubled He
adds:
Our present orders viii keep us busy
until well on in the year, the total num-
per OF orders at present unfu1flled being
1,750. The American Locomotive COM
pany intends to adhere to the policy OF
extending its foreign trade. During the
last year orders have come from South
Africa. Mexico and Japan.
This last order is especially gratifv-
Ing, because we were the only Ameri-
can company that rendered for the
contract which was let by the imperial
government OF Japan. and we competed
successfully against the English and
German companies