The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-29
late
TIE RAILROADS.
Annual Report. Of S ab,oard A II
Line Makes Good Showing.
81 IS MORE i 4: / 4 MILLION /! n
Ashland Owl Traio Will Not 3. Discontinued
as Mas Reported Double Tracking
Of z. {. & Other Rail-
road Notes.
SURPLUS NOR E / HAN M LION Z! n


& Copies OF the first annual report Of the
seaboard Air Line Railway for the fiscal
year ended June so. 1901, were received
in this city yesterday and were examined
with interest, says to-day's Baltimore
Herald. It covers the operations of the
road in detail and gives the shareholder
minute information on every point The
statement was considered extremely salts
factory.
The condensed balance sheet shows that
the balance to the credit Of profit and loss
on June 80, 1901. was $252, 67647. which
was increased to $53O,31OlS on December
81, 1901, according to the statement pre-
scented to tile New York Stock Exchange
with the application for the listing OF the
4s and the refunding 1O-year 5 per cent
bonds.
President John Shelton Williams gives
a resume of the work done in uniting the
constituent lines Of the company, the
mileage, bond and equipment trust is
sues, and, continuing, says:
ut is a qualification to report that the
outlook for business over your entire MS
cal system for the current fiscal year is
most promising. The country. traversed
by this railroad is developing steadily and
III many sections rapidly. Newsindustrles
are springing up along the line and those
already in operation are prospecting and IN
many cases are materially charging and
extending their operations. The demands
of business will involve during the year
a large increase in both cars and motive
power to adequately provide for the ton
mage to be moved. The physical condition
of the system is being steadily improved.
| vice-President and General Manager
r. M. Barr covers the work. improvement
and betterment work in detail and shows
that of the operating expenses znoeral
amount has been spent in maintenance OF
way, structures and equipment Or the
gross earnings from operations, Sl,5So-
449 So, or 1899 per cent, was expended
in maintenance Of way and structures,
and 81, 234, 5O6.s4, or lisa per cent. was
!srent for maintenance of equipment. The
.rpercentare of expenses to receipts was
73.SS. This is being steadily reduced.
The number of passengers carried was
II $40 1914. carried one mile, I9,913,92S. Inc
number of tons of freight moved was
| 2. aaS OS1; carried one mile, 6lo,OO2,e9o
| tons. The passenger earnings per tram
mile were 7O.O6 cents, and the 1relsht
earnings per train mile were were @ 4,eoo.Ao.
The ayeras e receipts per passenger per
mile were 2.2S cents; for freight per ton
ne1- mile were i, 1SS cents. The total loco
motive mileage was 1O,511,15 and the cost
pcr mile run 1918 cents
The Ashland Owl Train. which was
reported yesterday would be discontinued
after April list, will run as usual, leaving
Ashland at 1910 P. NJ and Richmond at
ITO p. NJ. each. week night. A COM
mittee consisting of N1essrs. Christian
| Droste J. H. Vaughan, and r. L. 9.
| Scott. waited on Major Myers president
of the railroad company, yesterday, ane
| laid the situation fully before him. with
the above result. The company appre-
ciates the great convenience the tram
is to those living between the points,
| Bids for the work Of double tracking
the Richmond Fredericksburg and Pc
| tomac from Richmond to Ashland were
opended Thursday and the contract will b.
| let some time next week.
Inspector George, Of the Colorado and
Southern Railroad. this week visited thu
Richmond Locomotive Works. which art
| making for his company fifteen engines
! the largest ever made at these works.
| twelve of which have been completed.
Local passenger agents are expecting
many people to visit Richmond Easter
Monday, as the result of excursions tc
/ be run into the city over the Norfolk an6
! Western and this Chesapeake and Ohio
| Captain Adams. who has charge of thu
excursion from Norfolk, says he will bring
to the city over 1000 persons.
President George W. Stevens. OF the
Chesapeake and Ohio, is in New York.
| Mr.. Doyle, general manager OF, the Ches.
| apeake and Ohio, is on the western divi'
! sion of the road.
| Mr.. Frank Irish, travelling passenger
agent of tn eChicago and Northwestern