The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1907-11-22
GREAT NORTHERN REPORT
Earnings More Than Fifty Millions Over
Twenty Millions of Gold on Hand

items from the report. Number OF
new ties laid for the year ending June
81, 1907, 175,794. This is $4,000
more than was laid the previous year,
and represents only about 40 ties per
mile of road. In new steel, however,
the company laid only about half the
amount Of the previous year.
The report shows 2,730 stockholders,
as against 2,4O6 the previous year.
No increase was made from the SAT
miles of road operated in Washington
in 1906. The entire line, however,
shows an increase in mileage to 5,335
from the 5,183 of 1906.
The gross earnings from operations
for the year was $5o,2o8,o35, as
against $40, 494,226 in 1906. The
miscellaneous income, which included
dividends and interest on stocks and
and bonds owned, general interest and
more than million dollars on security
sold, aggregated $1,000, OPS.
The company paid a dividend OF 7
per sent, or more than ten million dol
lars, paid more than four millions Tor
leases, more than a million and three
quarters for taxes, laid aside nearly five
million for replacement Of equipment
and renewal of permanent improve
ments, discussed operating expenses OF
more than twenty-nine million, and
still had on hand $2,155, 1903 surplus
from operations for the year.
The company refuses to report earn
ings from operations in the state, say
ing: This company has discontinued
as impracticable and misleading the
plan of dividing the revenue from in
terstate traffic between the states thru
which the system is operated, and
cannot therefore give figures purport-
ing to show earnings in Washington
from such traffic. These figures
local to the state show gross earn
ings from operation in Washington OF
$3,832,383. This is made up OF
$1,46O,00O passenger revenue, S2,-
$4,000 freight earnings, and the bal
ance from rentals and other sources,
including mail and express.
The report shows the company owns
railway stocks valued at more than
$178,000, 900, other stocks valued at
more than $7,000,000, and railway
bonds valued at more than $214, 0O0,-
900, and other bonds valued at little
less than $4,000
For maintenance of way and structure
$1,436, 1877 was spent in this state out
of total of more than seven and one
quarter million for the entire line.
For maintenance of equipment in this
state $652,799 was spent from the
more than five million for the entire
line. The total expenses in the state
charged to operating is not quite
$5,O0O,000, or about one-sixth Of the
operating expenses of the entire system.
The company reports that expenses
for the entire line were 58.65 per cent
of the earnings. The company re-
ports that it employs in Washington
6,378 persons, at an average daily
wage of $2.16. This is an average of
a cents a day more than the average
paid the SO, 600 employees OF the entire
line.
The company says that it cannot
give the freight movement OF the state
of Washington, SO gives it for the en-
tire line. This shows that the products
of mines is 51.75 per cent OF the en-
tire freight traffic; agricultural products
aggregate about 81 per cent; lumber
and forest products less than IS per
cent, and fruit and vegetables less than
per cent.
The equipment report shows 155
locomotives added, making 889 in
service; rs new passenger cars added,
9 taken out OF service and 600 now in
use; $40 new freight cars, making
35,257 now in service.
The accident report for the state of
Washington alone shows 54 persons
killed and 607 injured. Railway EN-
ployes killed numbered 81 and injured
numbered 1903. Three passengers
were killed and 1913 injured. Two
postal clerks were killed and "a in
iured. OF the % other persons killed
and 81 injured, 10 were killed and 9
injured by being struck by trains while