New-York tribune., 1910-04-13
LONG ISLAND REPORT
Company Shows 2.64 Per Cent Earned
on Stock.

VA ODOIA
The report of the Long Island Railroad
company Tor the year ended December 81,
L-l2. shows an Increase in gross revenue OF
SLUtS.s-6. or II ger cent Notwithstanding
loss Of I64.S31 in passenger revenue from
rscetrack business and a loss OF $685. IN
ferry revenues due 20 the opening of Black
Well S Island bridge in April and the opera
uon Of trolley cars directly across the
bridge in September. The freight tonnage
shows an increase Of 81, ,I36 tons. or Il per
cent the ton mileage an increase of l02l9.00l
ton miles. or rs per cent. and the freight
tram mileage an increase OF 1852 miles. or
80 per cent TIE number or passengers
carried increased 4,223. .922 or 1&2 per cent;
ne passenger ma cage increased D 5o42-o5l, or
l5.6 per cent. and the passenger train mile
age 2l3.S46 miles. or % per cent
The net revenue from operation. after de-
Quoting The amounts due roads operated on
a net revenue basis was s. >, in
crease Of S'4i.35l over the preceding year,
ana. after adding receipts from other
$, SSl $50. After providing for the interest
on funded and other debts and all other la
1illteS, the net income amounted 20 S3l6, lSD
galnst which was charged $3.50 90 covering
extraordinary expenditures NOT properly
chargeable to capital account, leaving
balance Of $3.50, which was transferred 70
tie credit Of profit and loss. The surplus
compares with a deficit in the year before OF
S21Soss Total revenue was lo.ssS37l, total
expenses. 4.s54.5J5, and total net revenue,
s. "a 01N. against g. l57. .Ss7 in 1905.
The president Of the company q his report
10 the stockholders saws. IT Will be noted
YOUR lines amounted 10 &0l. .s35. including
"a bout $4,000 old taxes and assessments on
account OF previous years, being an in
crease Of SlOS5Z4 over the preceding year,
due 10 generally higher assessments on real
estate. higher tax rate in New York city
and other taxes imposed by the national
and state governments. the total aggregat-
ing s per cent on YOUR gross revenue. The
operation Of the Montauk Steamboat Com
pHny. Limited. showed a loss for the year
0f So 469 which was charged of against
your income. as against a loss OF Ss.Jis IN
1868
After careful consideration Of financial
plan 90 fund the floating debt and provide
the additional moneys needed for necessary
improvements. 10 was decided TO provide
for an issue Of Gebenture gold bonds ag
and bearing interest al per cent per an
mum. which viii take care OF your needs IN
-elo aud 1911 Arrangements were made
with the Bennsy ylVania Railroad Company
20 accept these debentures al par 20 cover
sums already advanced by ~. amounting 20
s. %. .-92. and 10 purchase the balance under
the same terms from time 70 time az funds
are rec IIred by your company 10. carry on
these Improvements. At the close Of the
wear S6uf2 a52 Of these dcbentureS were
issued and outstanding.
Construction. equipment and real estate
charges in the year amounted TO g. .Q55 931. OF
this amount s.. S6.93l was charged against
the capital account and the balance. 81. 90,
having been expended for items which are
not properly chargeable 10 that account.
VAS provided out Of the surplus income FOR
The wear The experimental farms were
carried on i'm the wear. and The work con-
tirues 20 be successful in stimulating agri-
cultural development and as an advertising
medium for the general business Statistics
show an increase ~ Ia per cent IN tonnage
Of products Of the soil over the preceding
wear and very satisfactory increase over
rany earned 264 per cent on its stock in
Tgq