The Washington times., 1905-11-20
Receipts and Expenditures.

Earnings-Freight traffic. $50, ,so7. .0s1.44.
Increase, 81. .9S9. .9S416, passenger traffic,
S15 ST, IS, increase, $3.50. 692.6s; express.
81. .232. or Sc. decrease. s34. 54S.01; mail, 81,
Ss4 s37-S7. increase. S9.0Ss. &c; miscel-
Ianeous, s6Ss. SIS 0S. decrease. s.2511s.
Total gross earnings, s67. .6s9, ,997.13, in
crease. 50. 1888.
penses-Adafntenance of way and
structures. S7.s52. .635. .s5. increase, $1,012,-
753.7s; maintenance of equipment. $l0. .337, =
1854. Increase, $406, ,S95 .0s; conducting
transportation. s24.54S. 1908. decrease.
$2s4. .52e.44; general expenses, s1,sT7, 52O.90.
decrease, S103, ,37e.5 Total expenses. S44.-
no, ,603.5S. increase, $. .osl, 1885. Net earn
ings from operation. 81, ,s7e. 1885, in
crease, s.. .537. .I7e 70; percentage of operat-
ing expenses to earnings. 6so5 per cent.
decrease, 1 per cent. Other income
Dividend and interest on securities
owned. $2.s17. .7Ss 81. increase. $ss2. 2.o92. 30;
Western Union Telegraph Company an
nuity. 10000; house rents and miscel-
laneous receipts. 1926. .25s. .e2. decrease. ga
691.S7 Total, 1876, sos. II. increase. $32S.-
zo1.o Gross income. s25. $50. 80. in
crease. SIss65.577.ss.
Deductions from Income-Ner earn
ings. Washington branch, inc. in
system earnings. 81. .5ss.5s; increase, $6s,-
153Os; interest and rentals s.s7S. 1926;
increase, $3.50 291.T7: taxes. $3.50. $3.50
Increase, S71,S74.4S; miscellaneous i'm
provements. $479, 1888; increase, So
so321 Typographical and right of way
surveys and maps. S6.325.37: decrease,
So eSO.5S Total. $I2. .2s2. .S96.24; increase,
S54s, ,s4l. sc; net income. S13.s73, 1855; IN
crease, S1.3l6 635.52.
Against this net income there were
.gno It'd 4
the preferred stock amounting to 81
100000 and a dividend OF ~ Fer cent
o. the common stock. amounting to So
sios. .SO1.50. payable September /. 1905:
s.. 800. 600 for extraordinary construction
expenditures in the way OF additions
and improvements made during the
year, leaving a surplus for the year of
s., ,667, =.
Showing Of Balance Sheet.
In the balance sheet Of the company
the capital assets show s3Ts. BE. sos. .O3;
stocks, bonds. special funds and ma
teriais on hand. S4s.05i. .77g.sS; current as
sets dncluding cash in hand and in
banks. SIS. 75s. .O45.0O) s44. sec sls72; total
value OF the companys assets being
s467, PA $50. So.
The entire equipment held by the
southwestern Equipment Company was
taken over l5A1 AlAt AoailiAIOIt q OHIO y
ca pitaf faccount-equipl..e stock.
at a valuation Of SIS s2S 10000 resulting
IN a corresponding decrease in stocks OF
other corporations and advances 20 other
companies
THE report shows depreciation OF fequip-
rnent of S2.100. .4S6. There has been
adopted a systematic annual deprecia-
ton charge for the future through oper-
atiug expenses. distributing the cost OF
repIaccmcnt over the life of the equip
ment.
Tne aggregate expenditure for con-
struction and betterments was SS,622.-
733. Upwards Of $1,000. 900 Of this sum
was expended on terminal improve
ments in and around Baltimore; about
/ $500 900 for terminal yards at Wash
| ington; about 81 ,5O0,0 600 on the Pitts
| burg division for improved freight
/ largest expenditure. however, WAS be-
| tween Pittsburg and Akron, where
something over $4,000, 900 was expend-
I ed for new double track line from
/ Niles, through Youngstown, to Cuya-
hoga Falls. Numerous smaller items
We're expended IN the way OF addi-
/ tional tracks, stations, and terminal
/ facilities over the entire system.
Special mention IS made Of the prog
| TesS of the work on the new terminal
and station at Washington, work on
| which is rapidly progressing and which
| it is expected VIII be ready for opera
tion some time In 1907.
The volume Of traffic was the great
/ est in the history OF the company Ton
/ mage maintained its ratio OF gain,
/ reaching a total OF 47,285.IS3 tons car
ried, IN increase Of 3.937.93O tons
Passenger earnings Of SI3,si7, ,14I