The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-16

The annual report of the Cincinnati,
Hamilton g. Dayton road, published in
pamphlet form, has been received and goes
into the results from operation of the road
more fully than did the statistics of earn
ings, etc, published a few mornings since,
showing the gross earnings of the year to
have bven 1897, 90. go; operating expenses,
$3.50 .534.42; net earnings, s2.401, $3.50. The
road was operated during the year on 69.97
per cent. of the gross earnings. Earnings
per passenger trains per mile increased
from a percentage of 1906 to SCI; earnings
per freight train mile increased 5S4. The
transportation expenses of the past year
have been verylargely increasedby the high
kinds. In the single item of fuel for loco
motives this increase was S112,095, or near
ly q per cent. The amount of taxes paid
during the year increased 40,3SI, or IL per
cent. This increase was largely caused by
the additional excise taxes imposed by the
last Legislature. The years expenditure
for maintenance of way and structures was
$lS4, 621, an increase over previous year of
$40, 446. Four hundred standard coal cars,
thirty-five tons capacity, purchased at cost
Of $251 ,066. One hundred and twelve side
dump coal cars. fifteen forty-foot fiat cars,
seven cabooses and one gravel spreader
were built at Lima shops, costing SIG, III.
The condition of the company's locomotive
equipment has been materially improved
during the year. Eight new locomotives,
one parlor car and two coaches are under
contract for delivery during October and
November. The consolidation of the Gin
cinnati, Hamilton & indianapolis Railroad
Company with the Indiana, Decatur &
Western Railway Company, forming the
Cincinnati, Indianapolis q western Rail-
way Company, vas as of
Sept. l, 1902. The Cincinnati, Indianapolis
& Western Railway Company has also Gre
ated a first and refunding mortgage au-
thorizing the issue of IS, 1000 of 4 per cent.
bonds, of which $500, 900 nave been issued
and delivered to the Cincinnati, Hamilton
& Dayton Railway Company, which last
named company undertook, In considera-
ton therefor. the retirement of the out
standing 100000 of Cincinnati, Hamilton
& Indianapolis first sevens (maturing Jan.
/, 1909 and the 100000 of Cincinnati,
Hamilton e. indianapolis general fives. thus
making the new Cincinnati, indianapolis &
Western 4 per cent. bonds an absolute first
and only lien upon the line from Hamilton
to indianapolis.
In closing the report M. D. Woodford,
president, says:
During almost the whole twelve months
covered by this report the freight traffic of
the system has taxed the existing equip
ment and facilities to their utmost ca
pacity. Under. these conditions large addi-
tons thereto became indispensable, espe-
cially as to terminals and points of inter-
change. Further OUTLAWS of this character
are now in progress or under consideration
at Cincinnati. Toledo, Indianapolis, Hamil-
ton, Wellston and other points. The COM
pany has suffered a severe loss during the
year in the death of one of the members of
it's board of directors, Mr.. Robert c..
Schenck, of Dayton. o. He has been for
many years q member of the board, and as
such has been a tower of strength to the
company. The thanks of the board are ten
dered to the officers and employees for their
dfligent service"
The annual meeting of the Cincinnati. In
dianapolis & Western Railway formerly
the c., H. & 1. and l., D.. & W. was held
yesterday in the company's office in In
Gianapolis. All of the stock was voted by
George r. Balch and G. w. Lishawa, c.,
H. & d., Railway officials. who had proxies
for all of the stockholders. There were
u, 15S shares voted. all for the following di-
~rectors: NJ. u. Woodford, Cincinnati: w. A.
Read, New York city; Gordon Mcdonald,
New York city; Henry F. Shoemaker, New
York city; George r. Balch Cincinnati: c..
G.. Waldo, Cincinnati; John S. Lazarus. In
dianapolis: w. c.. Shoemaker, Connersville.
and Eugene Zimmerman, Cincinnati. .