Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1903-10-09
STATEMENT MADE
Rock Island Roads Earnings
Fell off the Past Is
Months.
DECREASE SHOWN IN SURPLUS
Rumor That a New Traffic Manager
is 10 be Appoint
ed.

The annual report of the operations
and affairs of the Rock Island com
pany was submitted to the meeting
held at Davenport yesterday. The
statement of earnings cannot be an
alyzed. as comparisons with the pre-
vious years cannot be made. This is
owing to the fact that the report is
for 10 months, the fiscal year being
changed to close June 30 To meet the
requirements Of the interstate com
merce commission and the general
practice. In consequence this report
covers the 10 months ended June 30,
1908. The income account for the Is
months was as follows:
Earnings-Fr Freight, $29,171 $50; pas
senger. l1.614O20; mail and express.
S1,S5O.52 miscellaneous, $116,02O; to-
tai, $42, 1852, $50.
Operating Expenses - Maintenance
of way and structures, $6,44S. $50;
maintenance and equipment, $4,025,-
531; conducting transportation, $13,-
7OO.723 traffic and general expenses,
81, 716.137; total, $26 ,S9O.979. Net earn
ings, $I5.s61.576.
Taxes, $1.336 500: rentals, S1,212. 1879;
interest, $6.123.S40; total, $S,672, 722;
balance, 81. 1855 Other income, ST.
O06,965 Balance, $9,195,S1s.
Dividends TO stockholders, $3.50
$50; less paid from stockholders inn
provement loan account, $3749S3; to-
tai, $5,305.556. Surplus, $3,S90,262.
The annual report for the wear end
ed March 81, 1902 showed Il surplus
for the year of $4.973,0i0. As the re-
port Just issued shows a surplus for
the Is months of only $500, 262, there
appears to have been a decrease of
81. 0S2, 7SS in the last Is months. On
June 4. 1902, an increase in the capital
stock was authorized sufficient to
make the entire capital stock $75 900
600. OF the increase so authorized
there has been issued $14,S17.100, max
ing the total capital stock Outstand-
ing June 30, 1908. $74, SIT. 100.
At the date of the last annual re-
port the Rock Island operated direct
w 1909 miles of road. Since then the
Burlington. Cedar Rapids & Northern.
Rock Island & Peoria. and several
roads in Oklahoma and Indian Terri
tory have been added. making the to-
tai mileage June 80, 1908, 5.579.
The amount of $5,733,941 has been
expended during the Is months for
new equipment and 81 .53O,224 was
spent for additions and improvements.
wInchelI for Traffic Director.
In all probability l.. d. Winchell.
vice president and general manager of
the Frisco system, will be made traf-
fic director of the Rock Island. says
the Chicago Chronicle. 1t is likely
that an announcement will he made in
the near future. The management OF
the Rock Island has been seeking Il
man to place in charge of the traffic
of the entire system, with absolute
control, and the position was offered
more than year ago to w. b. Bid
die. of the Santa Fe, and declined
Then an effort was made to secure
Darius Miller, vice president of the
Burlington. Later l.. F. Day, vice
president and general manager of the
Minneapolis & ST. Louis was offered
the position and declined. and recent
ly one of the traffic officials of the
Pennsylvania did the same thing. Mr.
Winchell has not been connected with
the freight Departments of the rail
roads which he served, but he is re
garded as efficient in every way.