The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-26
Big GAINS SHOWN
IN I. CIR. I. REPORT
LARGE EARNINGS HELPED PAY
FOR LIBERAL EXTENSIONS.
Expenditures Include Large Items for
New Cars, Better Power, Track Bet
terments, Stations and Pleasure Re
sorts September, Because of state
Fair Crowds, Shows Largest Earn
ings.

The growing greatness of Minneapo-
lis and the twin cities is in no way bet
ter exemplifed than by the remarkable
annual report of the Twin City Rapid
Transit company for the year 1905,
which is made public today.
During the year 94,666,696 revenue
passengers at Scents each rode on the
company's system, this magnificent to-
tai >being over 100000 greater than
Il The gross earnings of the company
for the year 1905 were $4,759, 262.76 as
compared with $4,3OO,08O60 for 1904,
an increase of l0.47 per cent. The net
earnings Of the company were $2,640,-
ll7.44 as compared with $2,35l ,034.S5
in 1904, an increase of 1890 per cent.
After paying taxes, interest and divi-
dends on all bonds and stock outstand-
ing, the surplus amounts to $497 ,932. SO
as compared with $404, 49l.82 in 1904.
Growth Of System.
The presidents report to the stock
holders calls attention to the extensions
sthta have been made in the year and
the remarkable growth Of the system.
The amounts spent on these extensions
and improvements aggregate $2,923,047,
the distribution being as follows:
New shops $685.. 10
Station buildings ................ 3s,435. 80
Big Island resort H,779.74
St. Paul Auditorium. ............. 10000. 90
Track and paving ................ ], sec, 06O .9S
Minneapolis came in for the lion IS
share Of the latter item receiving more
than st. Paul and the suburban systems
combined, or Minnetonka. The track
and paving expenditure is divided as
follows:
Minneapolis 1855, 096 y
81; Paul ...'..'........'...'.. 24O, 366 SO
SuDurDan ........ 122,9S7 10
MlnneLOnKa ..............s... olO,6lO.7S
The item of $64e, 1869 for additional
car equipmen represents the addition
Of $50 big modern cars that have been
turned out OF the company's shops dur
ing the year. 81.
Stock Is Increased.
Additional common stock to the
amount Of $1,489,000 was issued and
sold, increasing the amount Of outstand-
ing stock to $21,000,0O0, of which $751;
100000 is preferred and $1S,O0O,OO0
common. The report Of the president
also outlines the plans of the company
for next summer and the two proposed
new interurban lines. r. If.:.-
Every feature of the company's bust.
ness is included in the several tables
of the report. The operating expense
Of the year was $2,359, 1889, as com.
pared with So, 163, 304.34 for 1904. The
preferred stock Of the company has
earned and received dividends amount
| ing to per cent. The earnings of the
common stock amounted to 6.33 pei
cent, of which per cent has been paid
I During the year 26,612,347 transfers
were redeemed or used by passengers
as against 22,33O,681 for 1904.
| Miles Of Trackage.
| The company now has $3.50 miles Of
single track; 121.08 miles Of doubl,
track, and 21.80 miles of special track
a total single trackage of 317.26 miles
| The total miles Of street and right Of
way occupied by the company is 1883
! The gross passenger earnings per mile
single track, was SIG, 731.48.
:. The roadway, equipment, real estate
! buildings, machinery, tools and securi
ties in treasury are> placed at $37 1923,
| 633.66. Current assets, stores, mate
rails and supplies and invested fund
bring the total resources to $38,517,
299.97. The liabilities, consisting of out
standing stock, funded debts, curren
t liabilities, reserve and renewal fund
and surplus cover this. The income &C
count surplus amounts to $456, 1853
and the renewal fund for wear and de
/ probation amounts to $470,895.l9, $24O
900 Of which was added during the las
year.
Earnings by Months.
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