Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-26
UNION PACIFIC SHOWS LOSS
Business Of Small Portien Of Line in Iowa
Not Rsmuuerativs.
NORTHWESTERN EARNINGS SHOW GAIN
Cashier ware Of the Seymour bank,
whose Defalcation Embarrassed
the Bank, f. Sick and Likely
TO Lose His Mind.
NORTHWESTERN EARNINGS SHOW GAIN
tFrorn 4 star Correspondent

DIES MONIES. April B.-(special.) IRE
ports OF the Union Pacific Railroad COM
pany to the executive council and on which
the assessments are based show that the
roads net loss more than doubled on its
Iowa mileage, though on its gross busi-
ness on the entire system there was a
big increase in the business done The
road has 206 miles of trackage in the
state Of Iowa. Every year the road reports
a loss on its Iowa business, though there
is a big increase reported on its business
on the entire system, due to the fact that
the report gives the transfer charges be-
tween Council Bluffs and Omaha as the
earnings Of the Omaha side, and the execu-
tive council OF Iowa, which assesses the
Iowa trackage, believes that these earn
ings belong as much to Iowa as to Ne
braska- The gross earnings of the system
reported to the executive council are
ZIG, 1919 and the operating expenses
$23, AIS, 722.SS, leaving the net earnings for
the system SIS, 637, 1868. On the Iowa bust
ness the road reports the gross earnings
S227,6O4S3 and the operating expenses $685.
752.H, leaving a loss of sS114S.04. One year
ago the net loss was reported as $32,sl4
The last taxes paid were S23 4S5. s.. and the
year before the taxes paid were 81, l3S.
The assessment Of the company by the
executive council each year was the same
and the Increase in the taxes paid in Iowa
is therefore due to the increase in the
taxes levied locally in Pottawattamie
county.
The Northwestern road also filed its re-
port today which shows that the net earn
ings during 1906 were $2S,sSS,OOO for the en-
tire system On the Iowa business the
gross earnings were Sl4, 696,2O9 and the OPP
oe0
earnings $3,74S,O67. on the business of 1906
the net earnings of the road in Iowa were
&3,6O2S1g.
Ware Under Trained Nurse.
Cashier lie Roy Ware Of the Seymour
bank is in the hands of trained nurse,
according to information that reaches this
city today. Officially It is said that
the shortage Of Ware will reach about $780,
900 at the least, but unofhcially from other
sources it is said that the shortage will
go considerably more than that. doctor
was called from Centerville today for
Ware, and it is asserted in Seymour that
there is danger that Ware will lose his
mind. There is little doubt here now
but that specuations caused the downfall
OF Ware. These speculations were not
perhaps made by Ware himself, but the
money was advanced by him from the bank
funds and were invested by other persons,
with the understanding that he was to get
the bulk Of the profits. There would be
no surprise IL receiver for the bank was
asked for by some of the depositors. When
it was expected that the shortage would
amount to but $4,000 or so 1t was known
that the stockholders could meet all short
age, for the capital stock is $4,000, and
this is accessible up TO the full face value
of the stock Now there are fears that
the Loss cannot be made good
Hunter Receivers sanity.
Matt Hunter, the man who killed Homer
Holland. a Drake university student, and
who went insane at the Fort Madison pen
itentiary by his refusal to work and take
exercise, has nearly recovered his sanity
at Anamosa and has. consented TO go to
work. Hunters refusal to work was
legal question for a time. The warden
refused TO begin his sentence till he began
to work, because he was sentenced TO hard
labor. Under the strain of solitary con-
finement' his mind gave way and he was
sent to Anamosa, Within the last week
he has consented to take work in the tailor
shop.
William McWillams, the man who killed
his entire family and was sentenced to
hang, is now entirely insane at Anamosa.
Old Bids Not High Enough.
When the Board OF Control came to let
the contract for the heating and plumbing
for the new building for the School for
the Deaf at Council BLUFFS 1t found that
the old bids, taken some months ago, are
not high enough. Every contractor refused
to close his contract at the old figures.
Each and every one added about Is per
cent to his old bid. As result II will be
some days before the Board of Control