New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-08
INTERBOROUGH'S REPORT
Carried 578,150,036 Psssen-
gers, Shonts Reports

After coiug into d detailed history OF the
efforts Of the marlborough Rapid Transit
Company to secure the right TO build new
subwsys in this city Theodore =. Shonts,
president OF the company. closes his re-
marks in his annual report TO the stock
holders as follows:
For the year ended June 80. 1911. che com-
pany shows gross operating revenue oi
500 - 352. compared with S2s.95I 6N IN the
wear before. q gain of E19,1ol. the result
of an increase on the subway division OF
1920 7hl. and an increase on the Manhattan
Railway division Of &}59, O03. operating eN-
penSes were Si236S qSl. an increase OF 81
Go $50 the increase being due IN large part
10 the extraordinary expenditures resulting
from changes in subway equipment. made
necessary in connection with the operation
OF ten-car express and six-Car local trains,
amounting to approximately %"o,"' uuflhg
the year The enlarged train service and
the increase in wages " employees IN the
transportation departments OF hoth d.
visions account for an additional 9t',vIl
Net operating TeWnue was NA5S',3'j -. as
compared with Sl7,sI4.55 10 last year, q de-
result OF 2 loss on the subway division OF
$50 j02 81 or 20 per cent ana "a gam on
tile Manhattan Railway division OF %t6'-
The total amount OF taxes was $.S25,-
Oll 81 as compared with N.l5U,tA 81. last
wear an increase Of Sl1i.66S y, or 9.sS per
cent the result OF an increase on the So.
way division Of S-3, l57 90. or 1916 per cent,
and on the Manhattan Railway division or
Sl3l SO 7&. or S.62 per cent. ms increase
i'm subway division taxes is subst anuaiIF
inc amount of the federal tax for the year
the increase in taxes OF the MAMMA IAN
Railway division is due 90 tpe federal tax
and am increase in the real e-tcte ana Spe-
c!al franchise assessments. income ll orI
oueration was Sl5.47321s -, as compared
with slG.224OS3 10 last year. a decrease "i
$50 S13 90 or s65 Der cent. the result oi Il
loss on the subway division ~ Si'3'b'l - or
$50 per cent. and gam on me ldIIi.,. ~.
NOD-operatiuE income was tjot,5lv 3D. as
against S-ll 024 rs last year. decrease oi
ST.. l0S 81. or 1880 per cent the frrall OF q
decrease or the subway division ~ Sbt,No 10
or 1851 per cent and on the Manhattan
Railway division OF 1886 or 24.o5 per
cent This decrease IN non-oneraunS IN
come is principally cue 10 the SAFE OF lut
securities formerly constituting the Man
rattau guarantee fund and the Application
of the proceeds thereof 20 the purchase OF
additional subway equipment
Gross income was N7'sld, i53 l'. as 'piil-
pared with S-6.635.1Q1 3 last year, a &c
crease OF $50. 9l2 10 or 4.9i Per cent the r.
yllt Of loss or the subway DIVISION OF
$3.50 464 g. or 9.2l per cent. ana Il EaHi -"
the Manhattan Railway DIVISION 81 Soo,
40 Is or - per cent. Total income ueollt
,;o1s were Sl0673.15S Il. As compared WITH
SIN 551 qc0 y last year. an increase 81 Fl-L-
1qs IT, or la per cent, the result ct an ~
rrra.p tie subway llNlS4oH VI 'L-.'
oe5 SS or 256 per cent. and decreasH on
rT. Manhattan Railway division of s5. ~
Tho neI CORPORATE income was $3,lft''o o.
ss compared with S6os2.l4 "a last year. a
decrease Of S9s2ll0 s. on 1919 per cent the
result of a loss on the subway division ~
SgS1 -flai. or RIB per cent. and q gam on
fhe Manhattan Railway division M Af>.-
sss * or 2eS per cent. The surplus over
dfyiden6s II per cent on the captal Stock
yves q 900 026 70 as compared with "; 55-'-
Ia q, last wear. q decrease Of $e42llo y on
20 u Der cent The percentage OF operatln-
expenses to gross operating revenue Wa
n =. Uer cent. as compared with Obj Per
cent last YEAR an increase ~ 52h per cent.
inc result OF an increase on the sueWaI
di,sziou Of III per cent and on me Man
hattap Railway division Of ~ per c'l I;
The total number az passenger ,1l'.."
o.ae us ia 0SS. as compared Win 5b-. ,a-y
ias- vrar. an increase of lJ.@55 6@. or -"
nr,. cent the result Of q gain on the r.o-
~ division ~ 7.742.6Sl. or. 2o- per ceh..
and ON the Manhattan RAILWAY dl l-loIl
~ eoa 0-2 OF 259 per cent TIE increase
in The number Of passengers carried d,ilns
ia year was distributed among nractlcaIE
iii stations ~ the subway and Manhattan
IoilV,sv divisions the few exceptions were
tre.a,roe whore The decreases were coca
stoned hy local conditions