Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-07-01
STATE HOUSE.
Blanks tor Annual Reports Of
Railroads Sent Out.
They Must Be Made on or Before
September /.
State Assessors to Value Wild Lands
During July.

Inc railroad commissioners have sent
OUT the necessary blanks to the steam
ana street railways Of the State upon
which they will make their annual re-
ports These reports must cover the
entire business done by the respective,
roads for the fiscal year ending June
80, 1907. The officials are given the
months of Gully and August in which TO
prepare and file the same with the rail-
ROAD commissioners. Failing to comply
with this requirement of law on or be-
fore Sept. LIST of each year will subject
delinquent roads to a fine of $1,000
This penalty is imposed for the pur-
pose of compelling the railroads to
make their reports each year before a
stated time, so that opportunity will
be allowed the commissioners to ex-
anime the same, making such deduc-
tons therefrOm as they feel disposed to
do. and prepare their report to submit
to the Governor of the State on or be-
fore December 31st.
The session of the legislature con-
venes on the first Wednesday OF Janu-
| airy the coming year, and for that rea-
son it is especially important that the
railroad commissioners report is
printed and bound before that date. If
any railroad company fails to send in
its report promptly the work of the
commissioners is delayed to just that
extent.
These reports are sent this year to 81
steam railroads and IS street railways.
Last year there were % steam and q
street railways. Consultations have
| reduced the number of companies from
whom reports are required as shown
| by the figures first given above.
| The information required of each
company includes the following: Or
ganization: officers; property operated
name of all coal. bridge. canal OF
other properties, the earnings and ex-
penses of which affect the general bal
| ance sheet; capital stock; mOrtgas &c
| debt. including bonds, miscellaneous
obligations and income bonds: re-
| capitulation of funded debt; current
/ assets and liabilities; mileage owned
| by road making report; cost of road
equipment and permanent improve
| ments: income account: earnings from
/ operation, entire line: stocks and bonds
1 owned; rentals received from lease OF
| tracks, yards and terminals; mis-
| cellaneous income: operating expenses
Iwhicfsfnclude cost of maintaining ways
land Structures, maintenance of equip
ment. conducting transportation am
general expenses; rents paid for lease
/ or. roads, tracks, yards and terminals
| comparative general balance sheet;
| important changes during the secur-
lily for funded debt; employees
! and salaries: traffic and mileage sta
| tistics, showing income from every
source: freight traffic movement; des-
cription of equipment, locomotives
passenger and freight cars owned, ETC.;
| mileage of road in and out of the State;
renewals of rails and ties: consumption
of fuel by locomotives: accidents from
the movements of trains, locomotives
or cars in the State, or from othe:
causes in shops or tracks of the COM
many: bridges, trestles and tunnels or
/ entire line and telegraph line If owned
| by the company or located on III
! property.
/ The Maine Central railroad furnishes
i such information as is enumerated III
n the above schedule and the other COM
Hpan;es follow the same general pian
4 although not so extended in detail, IN
asnuch as none OF the other MAINE
troads own 50 much property or do s.
great business.
H When the commissioners have com
II nleted their analysis of the reports
II the various roads they are able to pre-
N sent a most comprehensive and intelii
,;-.,e summary Of the business done d.
all If the roads in Maine for the yea.
and whether there has been proi'
made or a deficit incurred Ihey az
also enabled to fix basis TOT u
excise tax annually imposed upon a.
railroads.