The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1902-09-24
Fifty-Second Statement Issued by
F the Illinois Central.
An Excellent Showing Made-Several
Small Roads May Be Absorbed BY
Vote on October 10.
I'm PROSPEROUS CONDITION

The fifty second annual report of
the directors of the Illinois Central
for the year ended June 80 has been
prepared for the stockholders. The
average number Of miles of railroad
operated during the year has been
4, 276. 23, against an average OF 4,214..
80 operated in the preceding year.
The report shows: Gross receipts
from traffic, $40, 1871, 0SO.12; expenses
of operation, see, 24s, 1872. SO; taxes,
81, 766, 217.22, total s2s, Ola, $40. os ;
income from traffic, sI2, 800. o.;
sale Of lands, SIC, 1924; investments
and miscellaneous profits, s3, 535, l0s.-
IS; excess Of income over expenses,
s16, 1858, 1884.
As compared with the preceding
year, the average number of miles Of
railroad operated increased 61.31 or
LAB per cent; gross receipts from
traffic increased %, 900, $50. IS, or TO- 60
per cent; expenses of operation in
creased 81, 1896, 445.sO, or s.2s per
cont; taxes increased s176, 102.s6 or
11.07 per cent; income from traffic in
creased s1,74s, 022, or 1881 per cent (;
net receipts from sale Of lands decreas-
ed s11,91o.35, or 41.6s per cent; in
come from investments and miscells-
peous profits increased s1,05S, 533. SO,
or 42.74 per cent; excess Of income
over expenses of operation and taxes
increased s2,794 645.61, or 2oeo per
cent; total fixed charges decreased
s2s, l5G. so, or .43 per cent net In
come for the fiscal year increased s2,-
822, 500. 10, or 40.4l per cent; the
amount available after deductiDg fixed
charges increased s2,s65, 062.13, or
35.75 per cent; the sum appropriated
from income for betterments increased
81, 444, 772. SO, or 1889 per cent sur
plus dividend fund has been augment
ed by $43, $50, or 4. o. per cent.
In order to simplify the organizs-
tion By reducing the number of sub
sidiary corporations, notice has been
p lblished that at tine next annual
meeting of the stockholders, to be
held October 10, propositions will be
submitted looking to the acquisition,
of the following railroads now oper-
ated under lease:
Chicago, Madison and Northern
railroad, Kankakee and and South
western railroad, Chicago and Spring
field railroad, st. Louis, Alton and
Terre Haute railroad, Chicago, Havan-
ma and Western railroad, Rantoul rail-
roid, Mound City railway, Chicago
and Texas railroad, Illinois and In
diana railroad, Riverside and Harlem
railroad. .-.. .f.. .......-t.
The sum of G7,9S6.5s has been
advanced ON account of the construc-
ton of the ST. Louis aud Ohio river
railroad, designed to extend from
Grantsburg to Goloonda on the Ohio
river. These IS miles of railroad lie
wholly in Illinois and are estimated
to cost $500, 900. In order to connect
Thebes, Ill. the southern terminus of
the railway formerly operated by the
Chicago and Texas railroad company,
with the main line of the Illinois
Central railroad at Mounds, ILL.,,
contract has been made with the Chi
cago and Eastern Illinois railroad
company for the Joint use of niue
miles of its railroad from Thebes, Ill.
to Olive Branch and advances amount
ing to SIS, 634. 10 have been made for
the construction of the Mopnds aud
Olive Branch railroad. This liue will