The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1903-10-29
BURLINGTON'S REPORT
Railroad Makes a Good Showing
q for the Year.

The forty-ninth annual report Of the
Chicago, Burlington & Quincy Rail-
road company has been issued, cover
ing the fiscal year ended June 80 last.
The company's surplus for the year
was 81 ,491, 53S, while at the end Of the
previous fiscal year it was $1,263,3S9.
The gross earning per mile of road
$9,000,000 in the past year, while oper-
ating expenses and taxes increased
$4,S59,597.
The total mileage of the system is
S24 miles, but the average operated
mileage in the fiscal year was 1913
miles, against S,109 miles for 1902.
The gross earnings per nile of road
operated were $7,529.56 in 1903,
against $6,6S4.02 in 1902, The operat-
ing expenses, including taxes, per mile
in 1908 were S4,S73.4S, against $4,-
4OO.4O in 1902. The percentage OF
operating expenses, including taxes,
to gross earnings in 1908 was 64.72,
against 66.63 per cent in 1902.
The number of tons moved one mile
increased 1923 per cent as compared
with 1902, and freight earnings in
creased 1850 per cent. Passengers
carried one mile increased 1906 per
cent, and passenger earnings increas-
ed 9.95 per cent. The percentage OF
operating expenses to gross earnings
decreased 1.61 per cent.
The total amount at the credit OF
sinking funds on June 80, 1902, was
$40 1852 ,290.13. The amount was in
creased during the year by the sum
of $1,345, 435.33, Of which $721,757.7O
was paid directly from the earnings
of the year, and the remainder, $685.
67763, was the accumulation of inter
est on bonds held in the funds. This
increase was used in purchasing ST.
276 600 bonds, of which 100000 were
cancelled and $774,60O remain uncan-
celed in the sinking fund investments.
Two Lines Merged.
The Burlington &c Northwestern
and Burlington & Western railways
narrow-gauge roads extending from
Burlington to Oskaloosa, Iowa, which
have heretofore been controlled by
the company through it's ownership
of their securities, have been consoli'
! dated under the name of the Burling'
| ton & Western railway, and during
the year changed to standard gauge
and leased to the company. An ex
tenson of the Burlington &c Western
railway from Oskaloosa to Tracy, Iowa
to connect with the company's branch
from Abba to Des Moines is now UNI
der construction.
The Quincy Railroad Bridge com
pany, which has heretofore been oper
ated by this company under lease
Y requiring an annual payment, as rent
al, of 10 per cent on the capital stool
of the bridge company, has been &C
CURED by the purchase Of 17,47i
shares Of it's capital stock, out of {
total issue of 1880 shares, payment
being made in Chicago, Burlington &
Quincy Illinois division 81 per cen
|
nual reduction in the rental amount
ing to per cent on the stock of tn,
bridge company.
i An arrangement has been made b,
} which the Chicago, Burlington
> Quincy consolidated mortgage pc
, cent bonds, maturing on July !, 1905
! have been extended for two years a
per cent.
The annual meeting of stockholt
ers of the original Chicago, ,BurliLl
ton & Quincy Railroad compan
Qeased by the Chicago, Burlington
Quincy Railway company of Iowa
. will be held here Nov. 4. The isst
ance of stock of the Iowa company
of necessity postponed until the Sc
Element of the Northern Securitie
case.