New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-07
GENERAL REMARKS
crNrRAL INCOME ACCOUNT

Tn. revenues ,or the year. with the exception
a, the last three months, show fair increase
conDared with 1905. but this Increase mas oeeN
o,.et b, the large Increases In Operating tx
r.,sse due principally TO advances In wages Oh
employees. IT,
The burden q this and other increased outlay 5
and charges. such as taxes. led The company ~
sndeavor TO make moderate revisions In certain
class and commodity rates. affecting Only a
co,,,aratively small percentage OF the toiai
,~ofrc carried and which. II granted "ou'u
have netted the Lines East OF pittsburgh az
Increased annual revenue estimated al S5'ooo'Oo'.
which &c about 100000 less than the estimated
annual increase In employees wages lheSs
rropossd rate increases met with pronounce
orno-ition. and. during the preparation or tnis s
Taport the Interstate Commerce Comihlss4oh ,laa
declined 10 suthor.L e the rate sch1u1i'' '''
were filed 10 secure the advances. .,.,,-o+.4
The new accounting classncati9ns pIoI'L -
nv tie Interstate Commerce ComILlsslon 'v ~ ~
iii evnend.tti-es above bare maintenance 10
includsd Inn the cost % road ana eqllpu.1',, a'
there seems 20 be crowns ts ih.sars Earned
.,,,.-i.an railroads 20 forget the lessons lehrl1
H,.st n ion, list OF receiyerships and reorsanl-
1affons and provide out of capitaI IoI -
r~bioh should be met through income 49,
could always be uniformly nalHlaIlle-' .i,ys,s
- p iabor material and taxes Nere alNa'
stable II business prosperity Were 49, ory
il were not necessary iof IaL,rOi t ,,betsnrisly
."frI Id NaN
,nHre9ee its earning power. then. unaet SUE
iac l aS.g,rdifions n might be claimed that al
80. -,,sfior expenditures should be caplta'41eI
aud the funds provided ti'ielo' 'i'o
OF stock or bonds, - t-,,,s aimed 70 con
49, ite operatlons so as 70 give az es.l0'e go
-,.i,e 20 mo public, adequately maintain sl.'
nrcrertv rroyide for depreciation ahl eo s9..5
Piol nav regular dividends 10 its stockhollets
o1 cam a surplus income Tor those h7cesI ,
oGdi.iors ard betterments when III lrs,i'Se1 ~.
o. but little IN any, TO earning NV -
~1rsrif of this policy has estabilsned aill ma
t'-J tEa high credit ~ your COliipi.,s - az. ~
90. uossfbe the physical qeNelopiheIlS "a "a -,
Itch IN IS able 90 render the eaIe ahg ~
-riro required by It's patrons anu u, - ss-c 20.
s,,s,,uert of vour management mat an! 'N'o'D'
1a1.,rtffra from this policy Is INVITE .., If
IRE rot income of the wear, ailer uls'-l'e a.
r.tt,i.ti.s and providing for the necessary pay,
I -lao a. the Sinking Funds and the Trust .,
Inen,a ts7s was S37 466 9Gi 70. al increase o.
20 cgq 300 y compared with l'Ve que ght sy IS.
- decreased interest payments caussu u5 ~ ,t
iars reduction IN the Funded DENT thIousn ~, ~
h,,ersion into capital stock anu cons,.l -,
lo4t'.,r,- an Increase ~ DIVIDEND pVH'Hts' -
caus.tiiS 80 income we're paid dividends OF PEI
o. s'iN aor-sgatinr S2i. 410. $3.50, Car Irus
/ yTglii,'tf.,i 81 as G5e OF and extraordinary *
,,iitifrea OF So 5O4 5GG 81 leaving pal'i'eo
u 800 az II OF which S3.79 onW Nese uatS
SraG 10 the Reserve Tor Addltlohs unu - :,
1870 heretofore known "a the EAuS t u'l'u ~ +
Ip,.sv,.sp5iture FUND and the balance 10 uS 'l'N'
az profit and Loss.