Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-04-01
CROSS INCOME OF
T. s. CORPORATION
WAS s29,205,1S4
Report just Published Fixes Net
Gain at SCOOPS for
Past Year.

The second annual report of the Pub
lie Service Corporation of New Jersey
was made public by President Thomas
N. McCarter today and consists of
thirty-eight pages of printed matter
and figures, eight pages being devoted
to the report of President McCarter as
to the present condition of the COM
pany.
The report covers operations of the
Public Service Corporation of New Jer-
sey, Public Service Gas Company, Pub
lie Service Railway Company. Public
Service Electric Company and subsi-
diary companies for the year ending
December 81. 1910. 1t shows that the
gross earnings of all the companies
was 500, 200, 194.15. Operating expenses
and taxes cost s14.611, 0 .07, while bond
interest and rentals of leased and con-
trolled companies figure in the report
at $40, 558, 243.03 and fixed charges OF
Public Service Corporation of New Jer-
sey at 81. S35, 1856. IS.
The net income was So, POO, 295.19. less
the following amounts, set aside as re-
serves: BY Public Service Corporation
of New Jersey, s125, 600; by the River
side and Fort Lee Ferry Company,
$4,000. This leaves the surplus OF the
company for the year of 1910 at
s2,070, 295.19.
s1,25o,oOo Dividends Paid.
ont of this surplus dividends at the
rate of ) per cent. ag~gregating S1,20o,Ooo
were paid during the year on n szo'-
O00 600 capital of the corporation.
During the year the corporation pur-
chased 100 new cars, and also pur-
chased 81 per cent. of the capital STOCK
~ the common stock of the New Jer-
sev and Hudson River Railroad Com-
yanv which operates about forty-eight
and ore-half miles of railway in Ber-
co.., county connecting with lines al
ready in operation by the Public SerV-
ice Company at h time OF pureiase,
Other acquisitions during the year by
the corporation were the entire capital
stock of the Morristown Gas Llgn.
Company, the entire capitai STOCK o.
the Burlington Electric Light anu
Power Company. and 1920 per cent. OF
the capital stock of the princeton
Light, Heat and Power Company
The report states that the more I'M
uortant improvements during the year
were the completion of the Hoboken
terminal. which is characterized as
nDrobably the most Thoroughly
eanipped street railway terminal In
the country" a large addition to the
West Hoboken power-house, providing
facilities for eighty additional cars
and a substantial addition to the
Marion electric generating station.
During the year the company paid
out in taxes SLAP. $685., an increase
of s197.116.04 over the amount paid In
1909. Mention is also made in the re-
mort of the insurance, sick benefit and
pension fund, which went into effect
ON the first of the current year,
The mileage of the company is 1890,
of which 1903 is main line track ano
2e2.s second main line track and turn
outs. The total number of cars now
available for operation are 1,53O closed
and $50 open cars. A total of 75s closed
cars and $50 open cars have been
added to the system since 1903. A total
of III lines are o operated by the
of which % are located IN
Essex county.