New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-11
ILLINOIS CENTRAL GAINS
Gross Earnings Largest in His.
tory of Road.
NET AFFECTED BY FLOODS
But $50 Is Earned on Common
Stock, as Against Only
3.179o in 1912.

The Illinois Central Railroad Company.
according to the annual report mads
public yesterday, showed gross earnings
amounting to So, $50. 9O3 for the year ended
, June 80 1913, an increase Of $5.553s $50 over
1917, and the largest In the history OF
the company The company's freight
revenue was SosS,3lS. and the passenger
revenue slls,322 greater than In any other
year.
Although there was an increase in
operating expenses of Sl,927.4i5, or 40l per
cent and an advance In taxes Of s.lI per
cent the years operating income totalled
81, $50 sis, a gain Of s3,i3Sl29. From sources
other than operating the company re-
ceived s5,99s35l, making the gross income
equal to sl7,25O, 1893, an increase OF &, Oss,12i.
DEDUCTIONS from gross income amounted
TO ,0s6. leaving surplus OF ss,575.ll2,
which, after the payment OF the regular
4 per cent dividend on the 50, 9S9, 200 leased
line stock outstanding, was equivalent 70
sc per cent on the sl09 900 common In
the hands OF the public. In 1912 the I'LL
nois Central carried 317 per cent on ,ts
common stock, and IN 1911, 1855 per cent.
Owing to the unfavorable conditions
prevailing in 1872 and their effect on the
1913 surplus, the directors on July 30 de-
clared a semi-annual dividend Of ?ia per
cent on the common stock instead Of the
usual 3ia per cent. Under the head Of
general remarks c. II. Markham, pre.l.
dent OF the Illinois Central, said in part:
Along with other railroads in the Md I
die South, your company suffered severely
from the floods, and on March %, 1918,
the line TO the south, across the Evans (
Wills bridge, was washed out and re- !
NAMED out Of commission until April - |
At the time OF this occurrence It was
such height as to interrupt trafic on
your limo between Mounds and the Cairo
bridge approach; but, notwithstanding
the efforts made TO prevent It. the line
was washed out early In the morning OF
April 2 for a distance Of 1,S2 feet. and
was impossible for traffic OF any descrip-
ton until late in the day on April 10.
when n train was moved over single
track which had been restored, bit not
until several days later was II possible
to move traffic to any considerable extent
entire period the Evansville line was
washed out and, all communication be-
tween the North and South over your
company's lines was stopped.
THE result OF this interruption Of traffic
was not only the loss OF considerable
revenue. but IL also caused a large eX-
penditure in restoring the portions Of the
railroad washed out. ard resulted in
congestion Of traffic which was n very ex-
pensive and disturbing matter 10 both
the company and its patrons.
while the income account shows that
the operating results for the year con-
s1erably improved over those for the pre-
vious year, they are not equal 10 what
had been hoped fDr: but month by month
Improvement has been made and the re-
suits fer the last few months OF the fiscal
year were decidedly encouraging. the net
revenue for the month OF May being
larger than that I'm any other month of
May in the history of the company, and
that for the month of June closely APP
preaching the highest net revenue in any
previous June"