The Newark journal., 1912-09-20
M. O.P. EARNINGS
SHOW BIG INCREASE
Presidents Annual Report Shows
Enormous Business Done by
Company the Past Year

Few people realize the enormity Of
the business done annually by the big
railroad systems of the country. On
the 10th of this month, at the meeting
of the board of directors of the Mis-
souri, Pacific System in New York,
President B. f. Bush submitted his re-
port showing the receipts and disbur-
sements for the fiscal year ending July
l. His report shows that the company
has 1921 miles of road in operation,
and the operating revenue for the year
was S54 ,503, $50, an increase of 3.27
per cent, Notwithstanding loss in
passenger revenues of more than a
quarter of a million dollars. 0perat-
ing expenses, $4l $50, 592, a decrease
of Il per cent. Net operating revenue,
S13 3D., 659. or practically a 40 per
cent increase. Ratio of operating ex-
pc nses to operating revenues was 753
per cent against 81 per cent the prev
ious year. 70 the above net operating
revenue was added income from other
sources amounting to s., 237, 100, MAX
ing the net corporate income 49,
AGO, lis.
The gross corporate obligations
were; Loss from outside operations
tdi ming cars, etc. SIPS, $685., taxes,
81, 243, 800; interest, rentals, equip
ment rentals etc, Sl5,074, 977: total,
ST., 439, 30. The net income shows a
gain over the previous years opera
tions of more than So, $50, 900, towhich
gross earnings contributed only ST.
725,657.
Taxes increased more than - per
cent, and interest payments 10 per
cent.
The capital expenditures for the
year were $40, 756, OPS, of which s., 6l5,-
600, was for cars and locomotives, and
81 ,027, 900 for new construction. The
balance went for miscellaneous work,
rails, ballast, sidings, widening cuts
and fills, station buildings, etc. This
is exclusive of those items of improve
ments accomplished and charged to
maintenance, both of roadway and
T equipment, the total Of the latter two
aggregating an expenditure OF nearly
/ S17, 600, 600.
Pronounced progress has beenmade
in the restoration of this excellent
property. The closing remarks of the
annual report Enthusiastically set
this forth and introduce an accusation
new in such documents. for the patrons
of the road are credited with parti-
cipation in what has been achieved.
The closing paragraph reads:
sit is believed that the close of the
/ fiscal year established a conspicuous
mile-post in the history of your prop
erty, for at that time the territory it
serves was giving every evidence of
revival, aroused by the promise OF
bountiful crops of every description,
and in no small part due to the expan-
sive activities of the communities in
their own behalf, and which in turn
has brought these people into closer
association with and understanding
of your company's affairs. Such a
marked advance could scarcely have
been made withoutthe substantial and
efficient support of the officers and en-
ployes, in whose hands rest the i'm
mediate conduct of the business. Lo-
cal and Federal enactments cumuia-
! lively have imposed burdens, Of which
the public gives evidence of having a
growing realization, and which, it is
believed. wise councils will eventually
undertake to tighten. This lends furth-
encouragement to what must be re-
garded as a gratifying outlook !"
Tor headache pr Niae' Anti pe'n Pr