The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-02-02

S7,114,760 for 1903; operating expen'
SEES $5,042.724, as against S4.559, l23;
gross income less operating expenses,
$3.149 SOS, as against $2,620,593.
The surplus for the year was $685.
5S476. There were 1857 ,342 reve-
nue. passengers and 40.963,615 transfer
passengers on the d. u. II. proper.
which includes the city lines and a
portion of the interuTban lines The
receipts per revenue passenger on the
Detroit United Railway were $.O467
and on the whole system S052S. The
interurban lines inCIuded with the city
lines In this summary are the Crosse
Pointe. Wyandotte. Pontiac Orchard
Lake and Flint divisions.
The company states that II has
.003 closed passenger cars. goo open
passenger cars, 242 freight and con-
struction cars. 10 line cars, 81 express
cars, 10 miscellaneous cars, two loco
motives, 2.172 motors and 2,l60 trucks.
The total mileage OF the system is
| 1861.
In the list Of additions and better
Inents there is shown an expenditure
during the year of S354.537 for road
and 1887 ,299 for equipment, OF which
$160.792 was for cars and 1921 ,1c0 for
electrical equipment OF cars.
] The financial statement shows that
there Is a present surplus Of $3,244,539
decrease during the year; the de-
probation reserve stands at 81 ,033. 614,
there having been 100000 charged TO
that account during the year. Tho
track expenditures during the year
were very heavy and all Of this was
charged TO operating expenses, except
$50. 600. which was charged TO the de
probation reserve.
The company has outstanding ST.
050.OO0 OF short-term notes, OF which
81, 100000 is due Feb. 10, and the re-
mainder May l. OF this 100000 will
be paid and the remainder extended
| for periods of six and twelve months
During the year 81 ,066, 900 of bonds
were sold to pay off 81 100000 of short
term notes.
The road shows investments OF $3S,
| III ,46S and total assets OF $42,SSi ,844
OF which S2,320 459 consists OF It's own
bonds. stock and other securities held
in the treasury.
The financial statement shows stock
outstanding to the amount of $12,500'
600, less $459 in the treasury and
bonds to the amount OF $22,S53,O00 out
standing. beside the short-term notes
mentioned above.
All OF the directors and officers oil
the Detroit United Railway we're re-
elected for the year The list is as
follows:
Oficers-J C. Hutchins, president
Detroit: Arthur Pack. vice-president
Detroit; f. W. Moore. vice-president
Cleveland A. j. Ferguson, vice-presi
dent, Montreal; Geo. II. Russell, treas
urer, Detroit: Edwin Henderson, sec
rotary. New York; A. f. Peters, assist
ant secretary. Detroit.
Directors-F. W. Brooks, Detroit;
A j. Ferguson. Montreal; ]. c,
Hutcbins, Detroit; +. w. Moore,
Cleveland, o.: Alonzo Potter, New
York; Arthur Pack. Detroit; A. e.
Peters, Detroit; Geo. H. Russell. De
troit: c. NJ. Swift, Detroit; r. b. Van
Cortlandt, New York; j. NJ. Wilson
Montreal
A renewal OF the S12.s67 900 mort.
gage given by the ID. L. X. TO the Guar
antee Trust Co., of New York, was
filed I'm the city clerks Office Tuesday
morning. A second important renewal
/ filed at the same time was that OF the
Detroit, Ypsilanti & Ann Arbor rail
road 10 the Union Trust Co., OF De
troit. for $780, 900.