New-York tribune., 1907-09-30
ERIE'S BIG EARNINGS.
annual Report Shoes Encouraging
Gains an Gross and Net Income

The interesting and salient points Of the Fri.
Railroads operations for the fiscal year 1ss-'o7
recorded in a report to the stockholders which
will be submitted the October meeting. Tn.
management shows increased gross and net earn
ings. both exceeding that of any previous year. a
reduced cost OF operation, a larger merchandise
and coal tonnage. greater rate ton mile
more passengers carried at a less rate mile. an
increased number of tons a train. more earnings
a freight train mile. increased rates of wages a
greater amount spent for maintenance Of way
smaller amount for maintenance OF equipment a
heavy increase in taxes. mostly n New Jersey. and
no loss of life to of the 241ss.723 passengers
carried Gross earnings increased s3s121s2 operat-
ing expenses 81 2s4.2s2 and net earnings N67Sa
The ratio of expense to earnings was 1O7S per cent
a decrease of 80 per cent for the preceding year
The total revenue freight traffic, merchandise
and COAL SO 16s SIT tons. increase of 2s143x
tons. IA per cent; tons carried mile. 6z5-
629s77. OF 33 25o.s27 miles. per
cent; total revenue from freight, SIS 92 A. an In.
of s. 994 l CO. or s42 per cent The general
average freight rate a ton mile .614 cent
compared with .59S cent the previous year and
increase Of o16 cent. 26s per cent IncIudinx
company's freight. the total tonnage handled vas
43 726 tons; e. 592 train miles were run An
increase of 81 9o4 train miles. or LII Der cen,
The revenue a freight train mile was 50 90 a,
compared with 81 % the previous year an increass
Of IS cents. or 653 per cent The average train
load of freight Al 81 TONS an increase
freight. the average train load 5o4s4 tons. as
against 434 80 tons last year. an increase Of ~
tons, or 4H per cent The average carload os
revenue freight was 1857 tons. an increase OF 81
ton, 437 per cent Including connpany's freight
the average carload the system was 20s5 tons
increase of 81 tons. 4 S. per cent moro rba,
the previous year The total number OF passenger.
carried IN the was "A. 723. an Increase Of
1.3S37o1 passengers. or 6-e6 per cent; passengers
transported mile s3s 1880 an increase O.
a. 6.S55 passenger miles. or 6s7 per cent
The expense Of maintenance OF way ana ..r,c.
ures shows an increase of s47S744 So or 1pso ,s-
cent over the previous year This increase ia prin
cipaly caused by the increased cost and more ex-
tensive renewal OF ties and switch tirnbers 70 ad-
ditional labor employed at increased rates OF paw
tie renewals and placing Of ballast in the track
additional miles Of telegraph lines rebuilt removal
Of snow and ice during the extreme cold weather
last winter, and the increased repairs 10 station
and miscellaneous buildings. Sixty-ons bridge,
were replaced by new structures Of greater carrv-
ing capacity; 33.356 of eo-pound and sa1
tons OF Stpound steel rails were placed In ths
track during the year. with the necessary frogs
switches etc. 102375s cross ties and 231 ST. feet
of switch lumber were placed in the track. to-
gether with 6e,561 tie plates 1858 miles Of track
we're fully ballasted. and 98 miles Of track were
partially baIIasted; 43 miles Of rtght-of-way
fences built: 81 miles Of passing and other
company's sdings, and 125 miles OF Industrial side
tracks constructed and 545 miles OF telegraph
lines rebuilt
The expense OF maintenance Of equipment shows
a decrease OF S3o357 Y. OF 61 per compared
with the previous year. The decrease IS largely
accounted for by the company having made
usually large expenditures IN repairs TO Iocon19-
tiveS during the 1875 and 1856 which. together
with the benefit derived from the new locomotives
received during 1896. resulted IN decrease IN thu
OF repairs 20 locomotives The increase IN the
expense of repairs TO freight occasioned
by the Increased cost OF material. well the
increase in wages paid employees in the depart
rnent Additions and Improvements 20 the prop
erty and equipment OF the company agyregating
SI3 0C6.759 O4 have been made during the year. ot
which sI1 23sss1 66 has been charged 10 capital
count and s. 76s ST So has been paid the
pany's income
The income account follows:
Gross operations SIS e14 SGT IS
Operating expenses and taxes SS16ToSo %
Ner earnings from operations. SIS T4T sS %
Tncouss securities owned 22026 So Is
Gross income e9. ss ~ - - -
NJ. ,,-o-,s ....,...... s. p0S SIS IS
EXPENDED for additions ant tn
ptTtdends on arst pre-
ferred stock:
No l3.........--.--- e57.s4s 90
Dividends = o 4 q