The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-02-02
DETROIT j NITED
AGAIN PASSES
DIVIDEND
Policy Of Putting Earnings Into
Betterments Will Be Continued
Montreal Stockholders Are Salts
fed, Says II. M. Wilson.
Ten New Interurban Cars and 20
Pay-Enters To Be Bought at Once
Extensions Not Discussed

No dividend was declared by the De
troit United Railway in the annuai
meeting in the local offices TUESDAY
noon. The subject was mentioned
only once and very briefly
Instead, the policy OF putting earn
ings into betterments, which has been
pursued for several years. VIII De con
tinued. The company will purchase
at once, 10 new interurban cars ana 40
pay-as-you-enter city cars ana VIII
double-track the Harper-ave. line as
well as continue track renewals on
the city portion OF the system as rap
Idly as possible.
No mention was made OF the pro
posals made on behalf OF the city
council that workingmen's tickets oe
made interchangeable and that mum
Der of new lines and extensions De
built.
"'rhese are executive matters said
President Jere c. Hutchins after the
directors meeting. which followed the
stockholder'' meeting
When asked how the Montreal STOCK
holders regard the continued passing
of dividends because OF the improve
ments being made out of earnings. j..
M. Wilson, one of the two Montreal d.
rectors. smiled.
1--WE are quite satisfied and perfect
~ happy" he replied.
During the past year the manage
ment of the d. u. r. has expended
s641 900 for extensions and better
ments Of service. To meet portion
OF this, the issue OF $4S0,000 OF bonds
was authorized. This new issue is a
part OF the $25,00O,000 bond issue au-
thorized several years ago, only por'
ton OF which has ever been issued.
The directors ratified the sale OF
the Woodward-ave. car barns 10 the
General Motors Co. President Hutch
ms stated that the work of building
new car barns on the Highland Park
track owned by the D. L. r. would be
carried on so that the transfer would
be complete by summer. A deal by
which a portion OF the d. T. r. prop
erty out Harper-ave is traded for prop
erty owned by the Packard Motor Car
Co. was also approved. This deal al.
lows the Packard company to extend
its works back from the Boulevard TO
Harper-ave
The annual report shows that the
gross earnings OF the d. L. r. system
during 1909 were $S,047 ,554. as against
$7,114,760 for 1908; operating eXpen
ses $5.042,724. as against $4,559, 1923;
gross income less operating expenses
$3.1i9 66S, as against $2,620.59S
The surplus for the year was 1853.
53476. There we're 130.617,342 reve
nue. passengers and 40,963,6l5 transfer
passengers on the d. u. r. proper
which includes the city lines and a
portion of the interurban lines. The
receipts per revenue passenger on the
Detroit United Railway were $.0467
and on the whole system $052S. The
jnterurban lines inciuded with the cltg
lines In this summary are the Crosse
Pointe, Wyandotte, Pontiac, Orchard
Lake and Flint divisions.
The company states that Il has
1908 closed passenger cars. 900 open
passenger cars, 242 freight and con
strliction cars, 10 line cars. 81 express
cars, 10 miscellaneous cars, two loco
motives, 2,772 motors and 2,160 trucks.
The total mileage of the system is
746531.