The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-10-04
One of Few Railroads to Pass
the 100 Million Mark.
Earnings Have Increased and SO
Have Expenses.
INCOME s1O7,543,25O.
Oper alton for the Year Cost 75
Millions.
Property Is in Excellent Con-
ditiOn Physically.

New York, Oct. 4-With an increase
OF II million dollars in its gross reVe-
nues last year, the Atchison, Topeka &
Santa Fe Railway company passed into
the class of the few big railroad sys-
TENS in the United States that take in
more than 100 million dollars annually.
and with the additions of 1875 miles
to its main track during the year, it
barely missed getting into the 10000
mile class, for it directly operated
9,961.25 miles. Including the separately
operated lines, the total mileage of the
system on June 80, 1910, was 10,969. IS
miles. These figures are from the an
nual report of the company, to be made
public today.
The total operating revenues of the
company for the year were $1O4, $685.,
19467, and the income from other
sources was 81 $50, 055, making a gross
income from all sources of $107, 543,-
1916 an increase of 1871 per cent over
the figures for the preceding year. The
operating expenses, taxes, rentals and
other charges were SIS, 133, 314.54, show
ing an increase slightly greater than
the gain in gross income, and the net
earnings, $32, 400, 935, were Ia million
dollars less than those of the preceding
year. After paying interest on bonds,
per cent dividends on preferred stock
and per cent on common stock, mil
lion dollars set aside for additions and
betterment and 100000 for the fuel re-
serve fund, the company showed sur
plus for the year of only 1856, S46.
During the year $43, 959, 900 in common
stock was issued in exchange for con-
vertible bonds that We're retired. The
present capital stock is $165, sis. 500
common and $114,173, 100 preferred. The
outstanding funded debt is 1902, OO4 ,951
making an aggregate capitalization of
nearly $50 million dollars, equal to $685.
600 mile. The net increase in capital
account during the year was 1913, $4,000
Increase in Revenues.
The gross operating revenues of the
company have increased from 80 million
dollars in 1897 to los millions in 1910.
The average revenue per passenger
per mile was 2.056 cents, and the aver
age freight rate per ton per mile was
lois cents.
The report shows that of the COM
pany's total carload tonnage last year,
20.6S per cent was products of agri-
culture I'll per cent livestock and
animal products, 1928 per cent pro-
ducts of mines, 1915 per cent pro-
ducts of forests, 1881 per cent man
ufactures and .6S of one per cent other
commodities. Less than car load
freight constituted 6.94 per cent, and
company's inter-system tonnage asa
per cent.
The company owns 1921 locomo-
tives, 1875 passenger train cars, ST.
7S1 freight train cars, and 495 work
equipment cars.
The losses and damage to freight
and property, and injuries to persons
cost the company over ? u million dol
lars.
Property in Good Condition.
The only comment in the report be-
yond the routine statements of facts
and figures. is the following:
your property is in excellent con-
dition physically and the company has
made provision for its present financial
needs. However, in view of the I'M
settled econ omic condition of the coun-
try, and the tmpossibility of accurate
ly forecasting the trend of current
events, especially as applied to the
railroad interests. your directors feel
that it is necessary to proceed with
caution. even as to those improvements
and extensions which are most desir-
able from the standpoint of public well
fare. and which are imperatively de-
manded."
The total cash in the treasury of
the company and in banks is nearly
IS million dollars