New-York tribune., 1906-10-26

Total $77 78a2 o5s 90 Incss 7O2Oos SO
EXPENSES
sjraejuTes SO 8sos5s 81 Incs1 47s 228 %
@a9e as S % los as 90 s Inc o.
General expenses l47oso9 80 Inc. s3.Sss AZ
Total expenses 900 80 mesa sp46l7 Al
Percentage Of expenses TO ooa ooz
earnings bSS5 Dec 2U1
The general income account of the company
shows the income after the payment OF interest
on the funded debt, and all other fixed
charges. have been SS064 s9 2, increase over
1876 OF s. 3S 81. Against this net income there
were charged dividends of per cent on the pre-
ferTed and per cent the common stock, SS,1S-
<M 50 Uhe dividend OF ~ per cent on t. common
stock. paid March !. 1906, having been charg~
against the surplus of June 3d. 1862 and 5000,
for extraordinary construction expenditures in the
way of additions and improvements made during
the year. leaving a surplus for the year of $685.
e7 % TO be carried to the credit of profit and loss
account This account OF June 80, 1866, was
ssl85,2S7 Il. Against It had been charged during
the year the 2la per cent dividend on the common
stock. S311z0e 80. paid March l. 1905 and added by
reason of sundry adjustments $S75, ,634 p, making
the total credit of profit and loss June 30 1906
el5,s236i3 %. The rolling equipment depreciation
amounted TO G.4I9,SN 81 The aggregate expendi-
tUres for construction and betterments for the
twelve months ended June 30 amounted to $780,
e24 O. increase OF $427,1so 81, as compared with
the fiscal year OF 1865.
The company had ssSsl, $50 q cash in hand and IN
banks on June 30 1906 The total value Of the
company. " 10. asse5s @ m % Tscords 9 Deg ege 6R boten e
.u the number OF Of freight carried over the
@ 52ad ors m ans Of tos 6Ter 3 Which 0f
The record up to that time and II sS7 500 tons over
10 an analytical statement Of construction work,
@ se OF reodo Il St IL ne ee bag b G6
10 the property in the elimination OF sharp curves
In the year 27Ik miles of main track. little
over @3 miles Of second and 8l$ miles OF third and
1202s+ miles OF track ballasted 66oI5 tons OF
polads to the yard and iS75s8 crossties used
either in renewal Of old ones or new construction
bridges for heavy equipment, and there is much
work OF this character stu under way Inere
points along the lines OF the system. In the yeal
tn the the sese So S q pas.ener
1oo5s freight cars and 26S service cars The The tota
sists Of the following: Locomotives. 1876; passen
sESs7 sESSs7 cars TO- freight cars S'"' service cars
oscar c. Murray, the president OF the company
in ths report states:
The increase from express traffic S97.Os7 o.
the gratifying ~ result & Of improvements s made !,
business over your lines. The increase from trans
2siS sseaneoas % Sources ss4 s the latter resai
being mainly due to increased elevator earning
7 s n Of %hicGp epePSeS q Wss in @an
teisaee or way and strgGtuTes representing IN
ing and improving your roadway, bridges an
$.5T.s77 ee. mainly in repairs OF freight and pas
eenger cars and floating equipment; conductin
transportation increased & .655. .12S o., about
per cent OF the increase IL gross earnings and tn
increase In general expenses SS, ,335 Y. You
company acquired by purchase during the yea
- $500 shares of stock of the Washington brancl
Aeld by the State OF Maryland, and also a nun
Der OF shares held by indiviJlal interests, thu
securing the ownership Of the entire issue of stocl
with the exception OF few scattering shares. fc
which liberal offer Is pending. The interest
the State Of Maryland in this stock entitled II I
two representatives your board OF Director
which relation was terminated by the sale. You
holdings OF Washington branch stock depo.
tied with The trustee OF your prior lien Tnortgag
pletion on June 3d. and was occupied on Septen
Der y, 1896. i~ese Offices have been arranged
meet tfs requirements OF the several department
anc with a view Of bringing them in close touc
with your executive officers and each other n
lack OF which facility has constituted serio,
disability since the fire OF February 1904 TT
Washington terminal construction Is stiu und,
way, and steady progress has been made