Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1903-10-15
SMALL BALANCE.
Net Surplus of the Central Vermont
Railroad IL Under $4,000.


St. Albans. oct. 13.-The annual meet
ing of the directors of the Central Ver-
mont Railway company was held here
to-day. the following directors being pres
ont: Charles NJ Hays of Montreal. eX-
Gov. Edward C. Smith of st. Adams. f..
II. Fitzhugh OF st. Adams, eX-Gov. John
W. Stewart of Mddlcbury, Hon. f.. II.
Baker Of Boston, Samuel Il. Kilner of
New York. Hon. Albert Tuttle of Fair
Haven and Hon. Charles l.. Smith of
burlington.
The annual report of the railway, an
excellent showing over previous years,
was submitted as follows
October l, 1903.
To the Shareholders of the Central Ver-
mont Railway Company:-The directors
of the company herewith submit their re-
port of the business and operations for
the year ending June 80. 1908:
Miles OF road operated. .5I miles
Gross earnings ..............'...'S5 'S5'ooo'dNl'1l
Operating cNpcnscs....." ...... 2,S'l'59l -
Balance. ........... ..........S 76l, ,99O1i
Taxes ..... .............. lOl, $50 I6
Net earnings..... ............ .''S o0O'oV9'oo
Other income, interest on Sc
curities held by the company. 1O,SiO.OO
Total income....... ........ ...'.S o'l,oi''oo
Interest on bonds. and rentals OF
leased NuCS....... .'.'.'.''''''. o"'''N''l'
Not surplus over fixed chargcs.$ 3.362.2S
The results Of operation for the year as
compared with the previous year, have
been as follows
Revenue Receipts from all sources, in
crease, s230. 23Q o..
Expenditure Conducting transportation,
increase, S20j,0o3.61 maintenance OF
ENt a. {
of way and structures. increase, $S.SlN2I
general expenses. decrease, Sion.l3; taxes,
decrease. $2,32S.ij, hXed charges, increase,
$2i.SG improvements included in operat-
ing expenses, increase, $li,V517c.
While the gross earnings show the
satisfactory increase of $3.50, 1900, the
same causes which contributed to the in
crease in operating expenses last year
are again conspicuous. and to stil
greater extent, in the operations for the
year Just closed. and as a result there is
scarcely any Improvement in the net earn
ings.
The increased wages paid employees and
the increased cost Of fuel arising in con-
sequence Of the coal miners strike and
ia lure of the contractors to furnish coal,
partly from their inability to obtain cars
with which to make shipments, have
practically absorbed all the increased re-
cepts.
our Pi"PcIN ""9 ~" e'iOiI",'H 'p''
at"u anu wen 'ldi'itd'ncu' "'Iu 'ite u"9'
ol an auul'lohS anu ,n o''e, e."'
atnouhuis 10 lo'dl VI Si'''7'''-'' nave
pceh InciuueH III operating 'Npc"SrS'
mere mas poeI no iilcrc'S. lI .lie UNI
year. Respectfully submitted.
CHAS. NJ, HAYS,
ireSi"eht'
me iohoWlhe poaru OF uirec'orS was
eleC'eo lor ,ne EedI ehsulnS >, -
mas ~ nays MOI ui'iT"i' Que'' r-' q.
| onith' 81, A',dHs' r. "a, 'GuuE"' -
AIpars: W. H'W"iu Ntpp' SHelpurhe
John w. stewart Ml"dlepurF; Johl t.
McN NuIioush' bennlhSton, T.. H. i'dker'
Boston Mass, hehry -: Day Boston
Mass D Il, miner New YORK Guy Jolll
bell belleNlile, Oht', "A. lutIe' All
raven thas r. smith, burllhstoh' Jas
l.. Martln, Brattlcporo'
me on1clais' VINO nave peen elected and
appointed are as follows:
Nhas. M. RAYS president montreal
que T. II. fltZhuh, Nlce-preslucnt and
Writer'S, attorney, St. Albans; w. q
y