Omaha daily bee., 1910-08-06
Nebraska
ST6EET CAR co. HAS DEFICIT
Report for Fiscal Year Shows Short
age of $179, 1880.
-FOUR PER CENT DIVIDENDS PAID
Gross Earnings from Operation
4 Figure S2,4O1, 334 ana Operating
Expenses 4s7,5s3-stin
Surplus of SO3,1s3.
CFrom a Staff Correspondent

AtTOh q SlhII correspondent
LINCOLN, Aug. Especial ITO pay
dividends the last year the Omaha and
Council Bluffs Street railway company
had to go down IN it's reserve left over
from the year previous. Such is shown
in the annual report of the company filed
with the state railway commission this
morning. After paying dividends to the
amount of 100000. per cent on the
common stock and per cent on the pre-
ferred, the company SHOWS up with a de-
ficit of $179,1S8.s0
The gross earnings from operation for
the year amounted TO $2.401, 334.76, and
the operating expenses. $1,4s7, 5s3,22. This
left a net earning from operation of $919-
T51.54. There was received by the COM
pany in interest on bonds 1t owns, s215.S0,
and from miscellaneous sources, $17,-
O23.9s. The reduction to be made from
the savings included the following: In
teresG on bonded Indebtedness, SAIL
9O6.5S; interest on bonIed indebtedness,
leased lines, $66.S15.6O; interest on inter-
est bearing current expenses, S3,431.6S;
rental paid leased 4nes, 10000; taxes,
s167,799.91, making a total reduction of
sos, 963.72. The net income was $780,
S11.20. Dividends to the amount of s400-
600 we're paid equally divided between
the common and the preferred stock, leav-
Ing n OeIlCil luT lllS ytei VI PA'0sloo'oV'
.kThe surplus left over in 1909 was S242,-
s7522 This leaves the company starting
the fiscal year of 1910 with a surplus
!, of s63,183.42 less $1,000 charged to
profit and loss
: The company derived It's income from the
following sources: Passengers, 1924, 55SS
revenue from mail &,45S24; special cars,
s2,5O3 25; mail carriers, $5,9O5.55; sale Of
power, $32,542.55 sale of advertising, $40,
600; rent for tracks yardage and terminals,
Sc 6S4.SO; bridge tolls, $29.4O234; rents not
otherwise provided for. $6,6S4sO
The. salaries paid general officers were
llsteHRAs follows: G. w. Wattles, presi-
dentey $2O.O OOJ L. C. Nash. secretary and
, treasurer, $S,OOo w. A Smith, second vice
president and general manager, 5000; r. A.
Leussler. assistant general manager, $1,000;
w. G. Nicholson, auditor, $500; John L.
Webster, general solicitor, $500.
Wilson Calls mt Executive office.
Victor p. Wilson of Polk county called
at the office of Governor Shallenberger this
morning. Mr.. Wilson is a candidate for the
democratic nomination for state railway
commission and his friends are insisting
that II Governor Shallenberger is to be re-
nominated for signing the eight o'clock
closing law, he should come in for the
the bill through the house. Mr.. Wilson, be-
fore announcing his own candidacy, OPP
posed the nomination of Congressman
Hitchcock for United States senator, sc
! when II was reported that Shallenberger
and Metcalfe is the leading combination
among democrats, Wilson came hustling to
Lincoln to see about it.
Wants state to Take Out Permit.
Building INSPECTOR Withheld of Omaha
has notified the State Board of Public
Lands and Buildings that unless a build
ing permit is taken out at once for the
construction of the state building at the
Institute for the Deaf at Omaha work will
be stopped. At an informal meeting of the
board II was decided that If work is stopped
on the building 1t can stay stopped, unless
the contractor saw fit to pay the fee. II
the building is not constructed by August
1911, the appropriation will lapse. Attorney
General Thompson holds that the state IL
not compelled to pa yany fee for a build
ing permit and he said he would never vote
TO pay it, even II work was suspended in
definitely. In the meantime, however, the
contract provides that any building permit
fee shall be paid by the contractor, in this
case George A. Shaul The fee is S2S
Nebraska Well Off.
Following is condensed statement of thu
financial condition of the state Of Ne
braska, issued August l. 1910. and compiled
from the reports OF state officers and sta
tistics gathered by the bureau Of labor ant
Industrial statistics: