The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-10-12
SANTA FE REPORT
Showing of Last Fiscal Year
Made Public in Topeka.
Gross Earnings Pass Million
Dollar Record Mark.
SECOND TRACK MILEAGE
Gain of lis Miles Between
Chicago and Pacific Coast.
President Ripley Tells of Taxa
ton Burden Last Year.

The Atchison, Topeka & Santa Fe
reports for the past fiscal year re-
ceived at the general offices of the
company in Topeka today show
which is an increase of $4,000 over
the preceding year. The operating ex-
penses were $71,273,000, an increase
of $505,000, so that the net earnings
of $36,479,0O0 decreased $317, 900.
There was slight increase in the OPP
cent. last year
The company's surplus for dividends
and for necessary Lut unproductive or
only partially productive expenditures
was $19,66O,OOO. Out of this was paid
$5,70S,000 as dividends on preferred
stock, and $1O.168, 900 on the COM
mon, while $396,000 was set aside for
fuel reserve and S3,3OO.00O was ap-
propriated fol additions and better
ments. The Atchison follows the poll
cy of putting practically all of its sur
plus over and above dividend needs
back into the property each year
Concerning this President Ripley
says:
THE additions and betterments, ag-
gregating s1O,276,0O0 relate to ex-
penditures which under the interstate
commerce commissions rules, cannot
be charged to operating expenses. But
the use of the term additions and
betterments' does not indicate that all
such expenditures are or will be pro-
ductive. To keep great railroad
property and it's equipment up TO date
and to meet the increasing demands
of the public, it is essential to make
many so-called additions and better
ments which are either wholly unpro-
ductive or only partially productive.
or productive only at the expiration OF
many years from the time they are
made
Double Track This Year.
Mileage OF second track in operation
nv the Santa Fe on June 80 1912, was
S01.9O miles, as compared with 6Sl.9
miles at the close OF the preceding
fiscal wear, For the year there was
gain of 11432 miles toward attain
ment of complete double tracking be-
tween Chicago and the PACING coast,
some time ago by president
Ripley as the plan of the railroad
division is being carried on in connec-
ton with the reconstruction of the
bridge over the Missouri river at S1b-
lev. which it is expected will be com
pleted by the close of the current fiscal
year All work in progress on the
lines west of Albuquerque will be
by January l, making
total On that date of S96.O5 miles OF
second track in operation.
During the year the lines in west
Texas under construction at the date
of the last annual report We're com
pleted, including the entire line be
line Lometa to Eden. The extension
of the CoIeman-Lubbock line from the
latter point to Texico. n M, dis
lance of eighty-nine miles, has been
and it is expected this line
will be completed and opened for traf-
fc bv the close of the present fiscal
wear Construction of this extension
will complete the new through line be-
tween the Pacific coast and the Gulf
of Mexico via Belen and TeXico-
Expanded in Other Directions.
In many other directions the Santa Re
expanded during the year, principally by
acquiring from the Southern Pacific the
line between Needles and Mojave, Cal.
and other mileage in California and
totalling S34 miles, much CT
w hich had been operated under lease To
serve southwestern Kansas a company
was organized to construct a line south
westward from Dodge City, Kan, and
about sixty miles of the projected line
has been completed, an additional sixty
miles to be built this year. Completion
of the Galveston causeway was another
notable feature
Construction is being pushed on the
Northwestern Pacific, jointly owned with !
the Southern Pacific, and SO. 50 miles has
been finished, leaving 66.15 to be done. |
When this is completed the Northwestern |
Pacific will have a continuous line from |
Sausalito, on San Francisco Bay, to Eu- |
-eka and Trinidad, in northern California, |
through virgin territory.
President Ripley calls special attention |
10 the increasing burden of taxation felt |
1y the Santa Fe. Statistics are tabulatcd |
showing the percentage of increase in |
taxation over five years to be 6S-1 per I
cent, while total operating revenue III |
IS per cent and operating mileage 1+S
oaT- cent