Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-10-17
STATE HOUSE.
Excellent Showing Of Bangor
4 Aroostook Railroad.
Handsome Gain in Profits Over the
Year 1901.
Railroad Commissioners Are Now In
speeding Maine Central Tracks.

. The annual report of the condit;o,
OF the Bangor & ArOostOok Railroa,
Tor the year ending June 80. 1902. ha,
oeen received at the Office of the rail.
road commissioners. The report show,
an increase i'm the gross earning Owe,
the preceding year of $259.4s2.51. anf
an Increase i'm the operating expense.
of $1S3.461.SS.> The income from oper.
alton in 1902 exceeds that in 1901
being $66.02O.63 greater. The net in.
I come IN 1907 was ISABELLA; i'm 1901
4s'6os.2o. The following is "a sum-
mary:
INCOME ACCOUNT
Gross earnings from operation, 81. loN g,s ,s
: operating expenses. 1,lO1 SIS. y
Income from operation, ssa,7 no :,
Deduction from income 55o x11 -
Surplus for year ending June 30.
~, 49, s5i 81 40
' ,lI p!us June ", l@l, 3o.f9S. II
'"'i''ohS' $4,000
surplus June So' Ev2 s9i,529. &C
ASSETS.
Cost of road. cor, -, -
COST of equipment, an, 80 :.
800 oHn eu, 1896. IS
E Eanus owned, il,5O7. 10
"A
other assets: Material and
supplies, sundries, as. 40 e
Iotai assets. 81 724 Isl CT
LIABILITIES
Capital stock -. ,oo M
Funded debt Az o0sr On
Current liabilities. as III o.
Accrued interest on funded debt
not yet payable.
Equity car trust,
Aroostook county bonds. 12S.Ooo 40
Total liabilities. 81 goo 81 oS
important changes have been made
during the year as follows: Ballast
ing main line and sidings, 170.74S
yards. Trestles Nos. 80 and "a at
Houlton. and No. 1874, 24:1s feet. 252
feet and BIS feet and ) inches in
length respectively. were filled. One
hundred and twenty-nine thousand,
two hundred tie plates were pur-
chased. Six electric semaphores were
installed. two each at Island
Falls, Grindstone and Norcross Eight
thousand. eight hundred and eighteen
miles of Sc Id. rails on Ash
land branch replaced with 30 h.
rail, and eight miles of 20 h.. south
of Brownville in main line, relaid with
of logs. filled with rock and gravel. to
protect the river bank, and the yard
graded out onto it to make space for
sidings; also wharf built at Mud Cut
on katahdin Iron Works Branch after
the Washout of December. 1901, to
carry and protect the main line.
The funded debt outstanding con-
sists of the following: First mort
gage bonds, due 1943, five per cent. in
terest. $3,360.000: second mortgage
bonds. due 1915. five per cent. $151.000:
first mortgage. Piscataquis division.
due 1929. five per cent. $l.5OO,000;
first mortgage. Van Buren extension.
due 1913. five per cent. 100000; Con-
solidated refunding bonds, due 1881.
four per cent. $2.Sl3.000: Aroostook
Northern bonds due 19i1. five per
cent 1925 900, making ii total bonded
indebtedness of $S,555,0OO. Besides,
there are equipment trust obligations
outstanding amounting to sSt0,ooo
which makes the total interest-bear-
ing debt. S9.413.0O0. The interest
amounted to $414.Si0.04 for the year
The total cost of the road is as FOL
lows: Total cost Of construction to
June 80. 1901. $S.0GI.910.24; to June 80,
1902. SSH, 1857. Cost per mile, s23.-
iSs.0S. Total equipment June 80. 1901,
81 .9OS. 40491: 10 June 30, 1907, S2,oo",-
.19.11. Cost per mile, s6.2S3.6G. Total
cost of construction and equipment
June 30. 1901. s9.973,315.15; to June 3d.
1902. Sil,04:.311.44. Cost per mile
S2o.77l.1f. Amount charged to equip
mcnt for the year. shown AS S6o2.-
.O0O.0O-Si22,-
l74.S6. which amount of $26O,0Oo.oo mas
been previously reported as Equi'!
car trust" and now credited to equip
ment for depreciation.
The permanent Improvements ioi
yoar amounted to $l1S.t41.lo.
The gross earnings from operation
per mile Of road amounted to s4.e"'.of
and the net earnings per mile assre-
gated sl.63610. In 1901 the gross
earnings per mile averaged SS,?oS.-'
and the net earnings S1.45S.S1.
New rails laid during year: steer.
I $50 tons: weight per yard. ~
Mounds. average price per ton at dis-
t,ibutinr point. s2S.0O. New ties iald
durip. wear: Cedar 12S.762: average
nrice at distributing point, 24.l cents.
The whole number of passengers
o,rriad was 421.76S: carried one miie'
rs 7sS sal: freight carried, 925,6ll TONS
of which :21.464 tons was paper lfi'
,4s tons was potatoes. tl.s'o tons Wa
naner 1s.a03 tons was bitumihous co'''
and .554 tons was sulphur. :,
The total mileage operated incinI-
;n. single track. yard track ana SUI
ings is 413.4o. 49,. Al
The American Express 90. pays ~
nor cent. Of the gross receipts. ne
nost Office department paid the sun,
Of ss,421.73 for the transportation VI
mails. The Pullman Palace car 30
furnish cars for two cents per n,,ie
The Northern Telegraph co: oulius
and maintains the telegraph me a.o
this company has free use OF me i''
oneration Of road.
Accidents to persons resulting non
.ha movement of trains, locoiho'i'es
ard cars were as follows:
Trainmen-Injured coupling ana un
counting. ): falling from trains. ioe" !.
mot,yes or cars. =: jumping on OF on
trains. locomotives or cars =
| &pnin1Nlen ln1u1tu. 1t