Daily Kennebec journal., 1906-09-18
STATE HOUSE,
Street Railways File
Annual Reports.
Certificate Of Portland Mutual
Fire Insurance Co. Approved.
S64,000,000 Corporation Files Certificate
al Office Of Secretary Of State.

The annual report of the Watcryi,le
q Oakland Street Railway Co. filed
with the State Board of Railroad Com
lnissioners Monday. shows that tie
gross earnings from operation of the
road for the past year were S29, 535 35:
operating expenses. $l9.175.93; net
earnings from operation $lU3594 ~: in
come from parks. $l.36O.6O: net income,
$4.933.1I; surplus for year, 1898 Il;
surplus at close of year. $ll,67S.7S; pas
senger earnings, $29, $685.
The operating expenses are divided
as follows: Maintenance of track and
roadway, S!S90S: maintenance of cleo
trio line. $346.9S; maintenance of cars,
81 ,659.45: maintenance of electric equip
ment of cars, 81 ,469 90; power plant
wages, $122.50; lubricants and waste
for power plant, $42.00; miscellaneous
supplies and expenses of power plant,
$200lG hired power, $3,9SS.25: storage
battery, s1S6.26; wages of conductors,
s., 5Ga S4 wages Of motormen, 81 2.563. IS;
wages of ear house employees. $390.l2:
car survice supplies, 1891. GO; removal Of
snow and ice, $239.l3; salaries of gem
eral officers. $lo. o.19l 90; printing and
stationery. s6l2.20; advertising and at
fractions, $330.53; rent of tracks and
terminals. 10000; insurance. $1.231.l 10
Other items III the report are as fol-
lows: Capital stock, 100000: funded
debt. S125.U00: passenger car mileage.
l66, $40; fare passengers carried. 2S,3co;
car earnings per car hour, $1.94; oper-
ating expenses per car hour, Sl.2t,
operating expenses and taxes per car
hour S1.30: operating expenses per cent
Of gross earnings. 64 per cent; operat-
ing expenses and taxes per cent OF
gross earnings, &c per cent; average
number of employees. including officials,
during the year, 10.
The annual report of the Somerset
Traction Co. shows that the gross
earnings from operation for the past
year We're s21,436.S7; operating ex-
penses, $l2,922.S9; net earnings from
operation $S.51393; deductions from
income, s6,Si9.50; net income. ST.
G64.4S; surplus for year, $l,664.4S; pas
senger earnings, $20,220.67; freight and
express earnings, $1,1l1.25; adVertls-
ing. $104.16.
The operating expenses are divided
as follows: Maintenance of track ana
roadway, $1,794.S5; maintenance OF
electric line. $685.: maintenance OF
cars, S31610; maintenance of electric
equipment of cars, $S0l.S9; malnten-
lance of miscellaneous equipment,
ss9.27: miscellaneous shop expenses.
S2327. hired power. s2.266.70; wages of
conductors. $1.596.32; wages of motor
men 81 l596.33; wages of car house en-
ploy-S, $S01 80; removal of snow ana
ice. $lJ0.11; salaries of general officers,
s953. 3O advertising ana attractions.
t$59S.32; rent of Land and buildings,
(S19992; insurance. S352.26.
l Other items in the report are as
follows:
ldcbt. S75.0O000; passenger car mile
lage, $96.12S; freight, mail and express
car mileage, 300; total car mileage
l9973S; passenger car hours, 1923; fare
passengers carried 1872, ,429; car earn
Iings per car hour. $2.61; gross earnings
Der car hour, $2,623; operating ex-
penses per car hour. $1.5S; operating
lexpenses and taxes per car hour, Sl.t0;
operating expenses per cent OF gross
earnings, 60 per cent; operating eX-
| penses and taxes per cent of gross
earnings. 81 per cent; aggregate
amount of salaries and wages paid
Sc, 10000; average number OF EN-
ployes. including officials, during th'
year. II.
The annual report of the Line Rocl
Railroad shows the following: Gros:
earnings from operation. $113,9I9.3l
Operating expenses. $53.S3279: income
from operation. $6O.14G.52; deductions
from income. s17.O00.00; freigh
; revenue $1O9922.31; maintenance .
way and structures. s10,1S3.5S; main
tenance of equipment. $14,5S6.9O; con
ducting transportation, $23.154.1'
capital stock, $450.O0O.
Announcement has been made at tn
office of the Insurance Commissions
of the approval of the Portland Mutu
l. at Fire Insurance Co, which was or
ganized at Portland. July 80 for tn
purpose of conducting lnsuranc
against loss or damage by fire or lgh'
ming. The certificate of organization
has also been filed at the office ot III
secretary of State.
The shareholders of the organization
are T. +. Millett of Gorham, Hiran
Nnowlton, w. J. Knowlton. James w
Parker Robert S. Thomes. Edward w
Cox. James L. Rackleff and j. X Llbp
of Portland, George II. Griffin OF Cor
Iham and Marion l.. Smith of Portlano
Hiram Kpowlton is president ana +
liz MilIett is secretary and treasurer
land the directors are r. F. Millett, hi
ram Knowlton. w. ]. Knowlton, Jaine
NV. Parker, Robert $. Thomes. EoWar
Iw Cox. James l.. Rackleff, j. r. Llpb
land John II. Griffin.
IL Announcement was made at the ONO
n of the Board of Railroad COMMISSION
ers Monday. of the receipt OF petltio
from the Washington County Raii"a
Co. asking the approval by the poar
of a branch railroad track in the 10"
- >.,ob;aS extending from a polf