The St. Louis Republic., 1902-08-29
Gross Earnings of the Big Four
Have Increased More Than
Four Millions.
SHOWING LAST FISCAL YEAR.
President Burt of the Union Pacific
Issues a Statement in Re
gard TO His Arrest
Notes.

President ingalls,, in issuing his annual re-
port of the Big Four yesterday, stated: Il
believe it will be especially encouraging to
the stockholders to know that in the last
ten years the company has increased its
gross earnings s4,OiS 015.76 and its net earn
ings s1,267, So. .O1, while the fixed charges in
the same time have only increased $1i5,-
$50. 90"
The report is for the fiscal year ending
June 80 last, and is the thirteenth annual
statement to the directors OF the Cleveland,
Cincinnati. Chicago and st. Louis Railway
Company. For the year the gross earnings
were $lS,Tl7 20; operating expenses, in
Guiding taxes. $13. 920.37: net earnings,
A9I2, l5l 05; interest and rentals. S2,799 go 81
balance to the credit Of income, S2.1T25J0.5l.
Deducting from the last amount four
quarterly dividends of IA per cent each, on
the preferred stock, $i99,94S.75, and two
dividends of per cent on the common
stock, N,119,572.4 10, a surplus is left of $552.-
sS4.56. To this is added sundry balances,
account OF interest discount and exchange
surplus OF 1851 f.34:6S.
The Cleveland division was doubIe-tracked
at an expense of $2lS,fZ6io: the Linndale
yards We're improved at a cost of $l59 "A. q.
and payments We're made on new freight
cars of $222, 20 Il. which brings the surplus
to S309I3.22. Added to the income account Of
the previous year of Sl.i0I 70S.16. q balance
Is carried forward of 81 ASS, ,6Sl.3S. The mile
age for these earnings was the same as the
previous year.
The number of tons of freight carried one
mile shows an increase of Sc per cent; the
revenue from freight an increase of "a per
cent; the average receipts per ton per mile
decreasing from 6.10 mills to 592 mills. The
average trainload decreased from $50 to SS2
tons, and the freight-train earnings were
SL97 per mile. as against $203 last year.
The number of passengers carried one
mile shows an increase of 121. and the reve-
nue. an increase of 10.2 per cent. The average
rate per passenger mile decreased from
train earnings per mile Were SLlSI0. as
against 81 1872 the previous year, The pas
senger train mileage increased 29} 7i5 miles
The increase in freight earnings for the
year was S2SJU94.O2; there was an increase
of ll542.6I, due to increased tonnage, and
loss of $S3l, 1855. due to decreased rate.
The passenger earnings show an increase
of S5OI.S5L5S; there was an increase Of ST.
SLlOS, due to increased business, and a loss
Of Sl13,522 -, due to decrease in rate.
Seventeen engines. $50 freight cars and 35
passenger cars. costing 500 6Jo.S9, We're
charged to repairs of equipment. The COM
pany built 5I.U9 miles of Sidetrack at a cost
of $354 gSS.O6 and S17, ,T24 was paid for land
for terminals and right-of-way.
In addition to these charges, there was
income account SOD 2200.7l, the same being d
part payment on $500 cars, and 21S,12j.46 for
2l.S2 miles of double track and Sl59, p for
lib miles OF track in the hnndale yard,
near Cleveland. All together 1924 miles OF
track were constructed. 113 miles of eighty
pound rails were laid, $50. .GO) yards OF bal
last were distributed and T.1S6 feet of tres
ties were replaced by stone and iron. The
entire condition of the property was much
improved.
Purchase of the Cincinnati Northern has
been completed at q total cost 50 far of ST.,
O91 Sol 90
The Peoria and Eastern earned an in
crease in gross. but had a decrease in net.
the latter due to expenditures for improve
ments, etc. IN the year SlS6.6O52I was
charged for new equipment. Sos 153 OF for
changing structures of wood to permanent
work 3,021 feet of trestle was changed to
stone or iron or filed. New equipment was
charged to the amount of S2Il,599.73. On
April l last, the interest on the income
bonds of that company was paid. and a bal
ance in its favor has been carried forward.
President Ingalls, states that the outlook
was never better; that there are large crops
of everything on the line. and that the gross
earnings this year will be large. Expenses.
however. he thinks. will he increased by
increased wages and cost of material.