New-York tribune., 1910-08-23
B. r. T. ANNUAL REPORT
Company Earns $50 Per Cent on Stock
in Fiscal Year.

The Brooklyn Rapid Transit Ccuapany's
report for the year ended June 80 shows
that, while the company has increased its
service in many directions. bettered the
conditions OF its employees and made pro-
visions for the future growth of the coIn-
InuniTy Il serves, the financial condition
has experienced a satisfactory advance.
There was an increase in gross earnings
OF s., 81. .467 50 and an increase in net earn
ings Of $3.50, 80 Is. After deducting all
charges the surplus is S2,572, ,219 10, from
which was taken s., ,906 $50 30 for dividends.
The balance surplus of the company as Of
June 50, 1910, stands at 81. 4sI,OS5 A. an in
crease Of S393, sos IS over that of 1909. The
gross earnings for the year were SO. 902,-
929 50.
The company has increased its track
mileage TO the extent OF nearly five miles
Of surface line, has raised the wages Of
many OF its employees and adopted d PEN
sion system. 1t has improved the air
brake equipment on the elevated cars, and
has succeeded IN materially reducing the
number Of accidents, thereby efecting a
marked saving in damage and legal ex-
penses- In the year the elevated and sur
face lines IL the Brooklyn Rapid Transit
compared with 53e,I49.59I for the year end
ed June so, 1903 This was an increase
for the twelve months Of more than 39,-
GO0 690. OF IA per cent OF these passen-
gers Isl, ,279 SG6 rode on transfers, or about
10.Go1JC9 more than for the preceding
twelve months.
Against the increase Of S,212.467 60 in
gross earnings for the year there was al
increase Of 1891, 737 q in the operating eX-
penses, which amounted to 26,592 20
This left s., ,I8o, ,527 so as the net earnings
from operation. Expenditures for main
tenauce Of way and structures increased
sl55, 7o4 43. an increase due chlely 10 e1-
tensive rebuilding Of trolley TRACKS In
the item of maintenance of equipment
there was an increase Of S317, ,35+ 81 over the
figures of the preceding year. To the sub.
stantial raise in salary granted to many OF
the conpany's employees is due an increase
of more than 5000 ,QG0 in the operation OF cars;
The combined items Of damage and Legal
expenses show q decrease OF SEUt, 300 L. Inc
cost of damage settlements and judgments
amounted to 2.66 per cent. and the legal
and claim department expenses to l45
per cent of the gross earnings There was
q further reduction in the number OF SUITS
brought and aside rom about s25,ooO N
judgments on appeal. there is no outstand-
ing judgment against any company ID tlie
system An interesting feature OF the
reuo-t Is the analysis Of the passenger
fare showing on how slender e thread a
traction shareholders equity hangs, thoueh
in this case apparently gaming strength ee
time passes. OF the cents c9LeCLeo: -
mills 20 in transfers. 2O.e for operauoH'
8 for taxes and 9-9 for interest ano rem
+1Is leaving z surplus o< "a mills, whlch
with miscellaneous earnings Is oroughI 70
~ mills an increase of g mills, or -o.t
Der cent over the preceding year
The report shows that the total TI2!leaee
over which .Ee cars and elevated trans
operate is Goo. OF this, 535 miles are uoI-
ley tracks and Il miles elevated lT lTachs,
There were authenticated by the trustees
e zg- Oeo fT-s- refunding bonds There are
nov in the treasury s13,509,0 ,0o0 par value or
these bonds The income account coii-
pares as follows:
1910 1909. 1907 ,c