Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1907-11-07
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ford Railroad will now proceed rapidly
to install the entire system with electric
power, owing TO the successful completion
of the trial installation on the division
between New York City and Stamford,
Conn.
The outcome of the trial of T. L. Ford,
chief counsel of the San Francisco Street
Railway Company, who was indicted for
bribing city supervisors, was a disagree
ment of the jury, which stood eight'Ior ac-
quittal and four for conviction. Another
trial is already in progress.
United States district attorneys in va
rious parts of the country have been in
structed by Attorney General Bonaparte
to institute suits against a large number
of railroad companies to recover penalties
incurred by them for alleged violations
Of the safety appliance law.
Advance copies of the financial state
ment of the Rock Island Railroad show
total earnings of $60.23S, 420, an Increase
of $9,00O,562. Notwithstanding an in
crease of nearly $6,O0O,000 in operating
expenses. the net earnings were $D,194,-
27S. an increase of S3,023,47S.
At the annual meeting of the Chicago
and Alton railroad, E. H. Hartman fail
ed to be reelected a director and the name
of his friend, James Stillman, was left off
this marking the complete ascendalcy of
the Rock Island interests in Alton and
victory for the Moore-Reid people.
I'm , an agreement with Gov. Comer
of Alabama, the Southern Railway and
other lines in that State, except the
Louisville and Nashville. are to put the
2M cent fare and freight rate into effect
Dec. I, and ali litigation as a result of
resistance to the rate is to be withdrawn.
In his annual report President Charles
S. Melen of the New York, New Haven
and Hartford railroad admits that the
2-cent passenger rate established about a
year ago has proved a profitable one. the
gross earnings of his company having in
creased about 5 per cent during the past
year.
The annual report of the Baltimore and
Ohio road shows gross earnings for the
past year of $SS.562,9 1914, an increase over
the two previous years. The net earn
ings for the year, however, were only
$21.362,S30, a decrease of So13,004 from
1906. Operating expenses increased So
364 500.
The business of Havana. Cuba, is par
alyzed by one of the greatest strikes in
her history, being caused by the walk
out OF the engine drivers on the railway
lines leading out of the city. Their griev-
ance is that they are paid in Spanish and
not American money. 1t has been almost
impossible to move any trains, as the men
employed to take the places of the strik-
ers are afraid to work, although protect
ed by the police.
The first official statement of the fnan-
cial results of the operation of Chicago's
traction lines shows that the city's share
of the net profits of the Chicago City
railway for the first six months ending
July 81 were $2TS.21S. This is based
upon the city's getting 80 per cent of the
total profits. When the Union traction
lines are brought into the city operation
plan it is estimated that the city's share
of the profits will be over S1,300,OO0.
Much discussion has been caused by the
report of the Philadelphia Rapid Transit
Company for the last fiscal year. showing
a deficit Of over S364.000, while during
the same period the company paid dam
age claims for accidents to the amount
of $1,217 $50, or Z per cent of the gross
receipts. This does not include the cost
of the legal staff in defending suits. Com
menting on these figures, Golfers says
that when traction companies through
out the country are compelled to choose
between killings and dividends, they will
find ways to prevent the killings
The agreement of the parties at issue
to adjourn the meeting of the Illinois Cen
trail stockholders to Dec. IS was taken
to indicate that the partial count Of
proxies showed a strong trend of senti-
ment favorable to the Fish interests.
Meanwhile the scramble for proxies will
continue, and the case be fought out in
the courts. Mr. Fish said the most that
could be hoped for under the modified in
junction was to prevent an election of d.
rectors at this time.
The annual stockholders meeting of the
Union Pacific Railroad at Salt Lake City
resulted in complete triumph for the
Hartman ticket. although there was a
protesting minority at the meeting.