Pine Bluff daily graphic., 1912-09-14
PRESIDENT BUSH MAKES HIS REPORT PRESIEENT PUSH .... .. 3.27 Per Gent Increase in Operating Revenue De-
 spite Loss.
ON MO. PAC. SYSTEM
More Than Million Spent in New Construction and Five Million
 For Rolling Stock.

The report of the Missouri Pacific System for the fiscal year ending with June, presented by President B. F. Bush, was approved by the board at it's meeting held at New York Septem- her 10. A synopsis of the results from operations is as follows:
 Average mileage, 7,231. Total op- erating revenue, $54 4,503,250, an .in- crease of 3.27 per cent, notwithstand- ing a loss in passenger revenues of more than a quarter of million dol- lars. Operating expenses, ,$41,2SO,- 592,592, decrease of 4.73 per cent. Net operat' 'ng revenue, S13,222,65S. or practically g 40 per cent increase. Ratio of operating expenses to op- erating revenues was 7o.I4 per eent against S2 1 per cent the previous year. To the aboTe net operating revenue was added income from other sources amounting to $2,237, ,460, mak- ing the gross corporate income $15,- 460,11S.
 The gross corporate obligations were: Loss from outside operations (dining cars, etc), $12S,S53; taxes, $2,243,3S0; interest, rentals, equip ment rentals etc., $15,O74,977;; total $17, ,439,219. The net income shows a gain over the previous years oper:.- tions of more than $3,250,OOO to which gross earnings contributed on ly s1,726,657.
 Taxes increased more than 13 per cent, and interest payments 10 per cent.
 The capital expenditures for the year were $l0,756,025, of which $5,- | 615, ,600 was for cars and locomotives and $1,027, 300 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 i'm provement accomplished and charged to maintenance, both of roadway and equipment, the total of the latter two aggregating an expenditure of nearly $17, 7,O00,000
 That pronounced progress has been made in the restoration of an inher- ently excellent property is well known to the public to whose confi- dence the railroad has currently ap- pealed throughout the year. The closing remarks of the annual report characteristiCally set this forth and introduce an accusation new in such documents, for the patrons of the road are credited with participation in what has been achieved The clos ing paragraph reads:
 Tt 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 | DOuIllllul CIOpS Ol every ucSCIlpllOIl, and in no small part due to the ex- pansive activities of the communities ill their own behalf, and which in turn has brought these peoples into a
 closer asscIciation with an under standing of your companys affairs. Such marked advance could scarce ly have been made without the sub- stantial and efficient. support of the officers and employees, in whose hands rests the immediate conduct of the business. Local and Federal enact- ments cumulatively have imposed burdens, of which the public gives evidence of having a growing realiZa- ton, and which, it is believed wise councils will eventually undertake to tighten This lends further encour- agement to what must be regarded as a gratifying outlook