The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1909-10-07
Railroad News
MUST CUT Time
TO The COAST
PRESIDENT HOWARD ELLIOTT
SAYS THE NORTHERN PACIFIC
NEEDS MORE DOUBLE
TRACK.

New York, Oct T. - The Northern
Pacific Railway Co. has issued it's re-
port, for the year ended June 80, 1909.
The figures comply with the new class
it1cation Of 1908 and are compared
with the reclassified figures of 1907 as
follows:
Total operating revenue $6S.461, TAI;
increase, $4,000.
Total operating expenses, S32, 020,-
DOS; decrease, $1,S20,679.
Net operating revenue, $30,440, 742;
increase, $2,O60.74
Outside operations, s42s,seO; de-
crease. $211, 566.
Total net, $sO,S7O,1O2; increase. 81
849,1SS.
Taxes, $2,547ss5; decrease, S16s,651
Operating income $2s,322.267; in
crease, $2,01s.S32.
Other income, $a,ss7,6ss; decrease,
$416.5O5.
Total income. ss2,O1s,sO5; increase.
81. 602.s29
Deductions. s1O,ssO555; decrease,
sl4s.s54.
Balance available dividend, s21, &c.,
$50; increase. $1.746,2S3.
Balance, $7,534.350; decrease. 81,
50s,717
surplus, s75s4,s6O; increase. sl.27s,-
2sS.
Previous surplus. $5O.ss7,s5s: in
crease. s6,2S4,41O.
Profit and loss surplus. s5s.172,O OS;
increase $7,560,64s.
Report 10 Good Showing.
The foregoing balance available for
dividends is equal to STA per cent on
the $24S,000,OO0 outstanding capital
stock as compared with 500 per cent
the previous year on the same capt.
talization, or 1928 per cent on the
S155, 100000 capital stock.
President Howard Elliott of the
Northern Pacific says that increasing
business in the northwest makes it
imperative that considerable more
double tracking be done and that the
running time OF passenger trains be-
tween ST. Paul and the Pacific coast
must be lowered
The Northern Pacific now has under
way or planned for the next few
months new double tracks aggregating
1871 miles. When this is completed the
system will have a total of between
00V anu wv 4AA1NG vi SENOAA NEGGkAs
Keeping Pace With Northwest.
1--WE are giving especial attention to
maintenance" said Mr.. Elliott, "al-
though the property is now in such
excellent condition that the main
tenance can be kept up with lower ex-
penditures than formerly was the case
When I became president of this COM
pany the line was laid with seventy
pound rails. We have been replacing
these with eighty five and ninety
pound rails and by the end Of this
year, 1909-1O, the whole system will
have been relaid with heavier rail,
The Northwest is thriving, business is
excellent now and the prospects are
the best"
AT d meeting OF the board Of direc-
tors held the early part Of last Octo-
Der, when results for last year were
laid before the board. as extra salary
bonus of $4,000 was voted Mr.. Elliott
as an appreciation OF his management
This Is the annual custom when earn
ings are up to or over certain stan
dard.
Meeting Entirely Formal.
The annual stockholders meeting
was purely formal, with only about a
dozen present and most OF these Of
ficers. The five directors whose terms
expired were reelected. Three OF
these were Morgan representatives on
the board, j. Pierpont Morgan, jr.s
George w Perkins and Charles Steele
The other two were Howard Elliott
and Lewis Cass Ledyard There were
voted total Of 1,864,164 shares.
United Lutheran Norwegian Services.
Services in the United Norwegian
Lutheran church BY Rev. T.. r. DAHL
: ID, of Minneapolis. Mimi. Friday
a1tanir IL q d n II are nveIenrnsa