The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-10-21
RECORD BY RIPLEY
In IL Years President Has
Made the Santa Fe.
Annual Report Shows $780,
100000 Expenditures.
GROSS EARNINGS WERE LARGE
Santa Fe Reached S116,OOO,OOO
Mark in 1918.
Six Millions VIII Go Back Into
Property.

Property.
The transformation of a sprawling
western railroad into system COM
priSing 1000 miles of track and en-
ploying $4,000 persons; the boosting
of an ordinary transportation line to
a vast corporation with earnings oc-
| cupying fourth place in the world
| railways; the expenditure of $270,-
! 100000 for extensions and improve
ments; the goal of $12O, 100000 reach
ed in gross earnings.
That is the record made by E. P
! Ripley, president of the Atchison, To-
! peka & Santa FEE railway. President
| Ripley'S annual report for the consid-
GRAFTON of the stockholders and dfrec-
| tors in annual session in Topeka here
Thursday, was issued last night from
| the executive offices in Chicago and
We're reported in part by the Asso-
| ciated Press. The report was received
today by E. L. Copeland. secretary and
treasurer in Topeka, and gives in de-
tail the wonderful achievement made
by the operating officials.
| 1t is shown that since 1896 when
President Ripley took the executives
chair, $270,0O0,0O0 has been spent by
the Santa Fe railway for extensions
and improvements. 1t is shown also
| that in order to raise new money the
Santa Fe has put out bonds amount
ing to s217,OOO,0Oo including the con-
vertible bonds now represented in
common stock. 1t is shown that the
capital stock of the Santa Fe amounts
to $64O,00O,00O.
This Years Record.
In order to prove to the students of
railway conditions that stockholders
are not becoming rich through their
nounces today that the S6,O46 264
listed as a surplus over all expenses,
rentals, bond interest dividends and
other fixed charges, is turned right
back into the property for improve
ments. In other words the Santa Fe
has adopted the policy of using it's sur
plus or balance for betterments rath-
er than distribute it among the stock
holders.
The road this year earned 1920, O0O,-
600 gross, the largest in history. The
reports in a Topeka paper that the
actual earnings were $122,000,000
are ridiculous. The actual earnings,
or the net corporate income amounted
to s22,153,0O0 or $1OO,OOO,OOO less
than the erroneous report issued this
morning.
The Santa Fe's operating revenues
for the fiscal year 1913 ended June
80, amounts to $116,S96, PSI. This is
a gain of 100000 over the 1912
showing. The operating expenses for
1913 were $77,642,00O, a gain of So
600, 600 over 1912. The road was able,
it will be seen, to make a net gain of
$3,OOO,OOO in operating revenue
Lie IOelu pdIu OlVlQenOS OF b per
cent. on common stock representing
$3.50, 100000, and per cent. on pre-
ferred stock. The amount paid in
common dividends amounted to $1O,-
$4,000.
The Santa Fe in the last fiscal year
carried 25,O61,714 tons of freight, an
increase of more than 100000 tons,
and 14,615 1000 passengers
The expenses in detail:
Maintenance of way and struc-
Maintenance of equipment 10, 5OO. 900
Transportation expenses. .......... 35, 00O coo
Total operating expenses. SIT, 500 600 |
Ripley Fears Outcome.
There is doubt that the Santa Fe |
will call a halt in the vast expendi-
lures for public safety and convenience |
unless there is a change in the public I
policy. 1t is limited that the road will |
be unable to maintain credit if any
reduction in transportation rates is
insisted upon.
The short tabulated report of the
annual report in earnings and ex-
penSeS:
Year ended June so. 1918. 1872
Operating revenues. .$116, $685. 2o1 $107, 752 359
Operating expenses. T,642,534 1928, 202
Net operating reve-
nue. .................$ SO. 25s,717 sc. 479 1877
Taxes ..........-.....-. 4,662,152 4,206 49,
Operating income. IS 81, 565 S 80, 272 7o2
other income .. 2515 623 1858 96S
Gross corp. income. S 81, 107, 1SS "a, $40, go
Rentals and other
charges ........... 1,12S,129 1,521. $50
Balance .....s IS, 979,059 5 81, 321, 100
Fixed charges includ-
ing accrued interest
adjustment bonds Is, S25,325 Ii, 660, $50
Net CORP income q. 153. 734 s 1860, 241
Preferred dividends. sos, $50 5,70S, $50
Balance ....S 16 .044 5 Is, 951, 551
Common dividends . 10 1896, $50 10, 16S. IS5
Balance ...s 6o46,264 S 3,7S3, 1856
A ppropriations .... e046, 264 1866, $50
S1rplus " S7,4G7
Previous surplus. IS 20 4I0,llb 5 N,3S5,tco
Total s,pl1s 20 470,116 $ 20, 40, 116
nEcInERe IN TE0T