Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-09-28
A SUCCESSFUL. YEAR.
Annual Report of l., A. & w. st. Ry.
Shows Increasing Prosperity.

The year ending, June so. 1912. was a
particularly prosperous one for the
Lewiston. Augusta & Waterville Street
Railway, according to the annual re-
pert of that corporation. filed. Friday,
with the state Board OF Railroad Com
missioners.
This report shows that the road car
rieu 100000 more fare passengers this
yea than last and turned the deficit
of Si557.99 for 1911 to a surplus of 81
647J7 for 1912. The gross earnings
from operation were 500. 1913 in 1912
and 1892. 50 in 1911. The operating
expenses were s33S,25L36 in 1912 and
1929. 1887 IN 1911. The net earnings
from operations were $219, Asp in 1872
AMI sos, 1882 in 1911. The gross in
come less operating expenses was
$22G, ae15i for 1912 and sos, 240.4S for
1911.
Tie deductions from income, such as
taxes, interest on funded debt and on
floating debt, amounted to S1S1 S04.19
in 1912 and TO S165, 704 o. in 1911. The
net income in 1912 was s44, 1875 and
last year, $49, 526.41. Tine surplus at
|, the end of the 1911 fiscal year was
$61, 403. So and at the end of the 1872
fiscal year, $63, 656.21 Last year the
road charged $9.09440 TO renewals
and depreciation; this year 5,549.3S to
the same accounts. The six per cent.
dividend on 100000 preferred stock
was paid both years.
The various items which go to make
up the gross earnings from operation
and the operating expenses, indicate
that the road has dealt in slightly
larger figures this year. The passenger
car earnings We're 1921 los. 40 in 1872 as
against S5e3.512.S3 in 1911. The freight
and express earnings We're 24,251.33 in
1912 as against S20.775.51 in 1911. It
cost the road s29,oSo53 to maintain it's
way and structures in 1872, as against
| s24 ,255.59 in 1911. 1t cost $42, 1925 to
maintain its equipment in 1912, as
against S42.1s1.72 in 1911. 1t cost $751;
1901 for the operation of power plant
| in 1912 as against $79.27i.1 in 1911
and it cost S125.o0e.S5 to operate its
cars in 1912 as against $119,6s776 in
1911. The salaries of general officers
| We're $12,992.53 in 1912 as against SILL
| 731.a5 in 1911 and all the other items
under the head of general operating
expense show an increase, except those
designated store expenses" "adver-
/ ll5llR anu allTdtilpIlS ttilt IGs+di tA =
penses. The latter item cost the road
SIS, 1899 in 1911 and 81 .S03.45 in 1912,
a reduction of $74e.A.
Tie road had three less closed pas
| senger cars and one less open car this
year thar last but its total car equip
meat this year was 13S as against 121
| last ydar The track operated was
"A miles in both years. The statistics
of the years business. compared with
| the tables for last INear tell story
of increased business. The passenger
| car mileage in 1917 was 1856, 1852,
| and in 1911 was 2,349 042.4S;s the freight.
mail and express car mileage for 1912
Was 34,73s.13. almost $4,000 miles great
er than in 1917 or more than 200 trips
| from Lewiston through TO Waterville.
| The cars were Oslo hours making p
500, 454.45 miles in 1912 as compared
with 204, 9e5 hours making All. 9I4.S6
miles in 1911.
The road carried f0,S17,37S fare and
664, 194 transfer passengers in 1912 as
against 10379, 156 fare and 635,90S trans
fer passengers in 1911. The average
fare from the revenue passengers was
the same in both years. The car earn
ings per car mile We're $.2262 in 1912
as against $.2i29 in 1911. The car earn
ings per car hour We're $2.99 in 1912
and S233 in 1911. The operating eX
penses per car mile were $.1353 in 1912
as against $.131 in 1911. The operating
expenses per car hour were $1.46 in
1912 and S1.4S in 1911. The average
number of employees 0neluding offic
ials) in 1912 was 1893, as against 35S in
1911 The aggregate amount of wages
and salaries dncluding those of oflic-
ers) in 1917 was $200,927.t and in 1911
was 1874. COS.
Tie accident report for 1912 shows
that three persons who We're not pas
sengers or employees We're killed and
seven passengers, one employe and
three who were neither employees nor
passengers We're injured, In 1911 one
passenger and three persons who were
neither passengers nor employees We're
killed and five passengers, two en-
ployes and Is persons who We're neith-
er passengers or employees We're in
jured.
The roll of officers shows but one
change in 1912, q. T.. Fitz having been
selected assistant treasurer and sta