The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-01-08
Expenses, Revenues and Re-
sources of the Company.
They Are Shown by Utilities
Report Fiscal Year.
FILED BY COMPANY OFFICERS
Income Over $4,OOO,0OO; Profits
Nearly 100000.
Charged Profits Up to Depre-
citation of z Years.

Although the Kansas Natural Gas
| company paid but a slight fraction
more than four cents a thousand feet
| for the twenty-three billion feet of gas
purchased during the year ending July
1. 1912; sold the same at an aerage
price of 1882 cents a thousand feet and
shows earnings for the year of $751;
91S.46 from gross income of more than
four and a quarter million dollars, it
is now in the hands of receiver. And
from the mass of figures contained in
the report, the shivering gas patron
might sit beside his cold stove tonight
and figure it all out
After going through the pages of the
1912 report filed with the Kansas public
utilities commission, it is finally shown
that the company earned nothing at
all. In fact there is a positive state
ment that no depreciation charges have
ever been, although all taxes, insur-
ance and interest is fully paid and in
the treasury is no money for the stock
holder.
On the big corporations balance
sheet, it is shown that cost of equip
ment at the close of the year, June 80,
1912, is Sc, 869, ,6S2.9S. There are 12O, 900
shares of common stock, with capi-
talization for the company of $12, ,0O0, 900.
property and equipment of 81, SOC, 900
and a second mortgage for 81 267, 600.
So with that information you may
start on the affairs of the corpora ton
for one year.
Paid Four Cents for Gas.
The Kansas Natural states that dur
ing the year it paid a small fraction
more than four cents a thousand feet
for the %, 452, 129, 900 feet of gas pur-
chased. In another table it is shown
that the gas sold to the public netted
an average of 1882 cents thousand
feet, Or more than II cents a thousand
feet above the first cost of the fuel.
But of course there was the cost of
supplying this fuel to the consumers
and forcing it through more than 800
miles of gas mains in Kansas and Mis-
souri, In the production table is also
shown the fact that the average daily
supply of gas was "a, ,252, ,4oS cubic feet,
while the maximum daily supply was
eighty million cubic feet as against a
minimum of thirty-four million.
From the sale of this gas, the Kan
sas Natural realized a total revenue of
81, ,29S, ,039.49. Then it began to account
the many expenses. 1t started with
an estimated cost of gas in the ground, |
which it listed at $500, 55. 1t charged
field expenses of s265. .1O6.63 and the ex-
pense for gas purchased, accounts |
charge off, maintenance, taxes and |
other items bringing the total expense
of earning this four and a quarter
million dollars up to s3,426 s7s. As. But
this leaves a gross earning above all
those expenses of $8S7, ,918.46
Paid No Dividends.
Still there were no dividends and |
no earnings for the company. 1t |
shows on another page that the $3,-
care of. So from the $SS7,OOO in |
earnings, $25S, S,24s.61 is charged to in
terest and the other money is distrib-
uted throughout the items included in |
one capitulation until there is no mon
ey for anyone in the company except i
the salaries and regular pay checks .
which were charged at the modest |
sum of S4S4,239.70. In further MAX
ing up the items of expense. free gas
is charged in at $2S,537.S5.
Then the company proceeds with
its showing of revenue from the sale /
of gas to varied industries and to ulti-
mate consumers, from owners of
brick plants to modest renters with a
gas plate and a one candle power
wall light. And this is the price they
paid:
What the Consumers Paid.
Commercial and Illuminating pur-
poses, which catches most of the
small consumers. the highest price
was charged. From these consumers
an average price of 22.05 cents
thousand cubic feet was received In
he year the company sold 643,611, 900
cubic feet of gas under this classifi-
cation and received a total of $141-
94S.30.
Power gas was cheaper It brought
he company an average of only 11.24
cents thousand cubic feet But un-
Ter this classification the Kansas Nat
lral in one year sold 2,:O6, 100000
cubic feet at an aggregate cost to the
consumer of $24S,123.29.
Other gas not in the above classifi-
cations, brought the company an av-
,rage of 14.17 cents a thousand cubic |
'eet. In this "other gas classifica-
ion, a total of 27,259,573, cubic
eet was sold for a total of $685.
1884
For compressor gas, used largely
or its own purposes, the Kansas Nat
1ral charged two and one-half cents a
thousand cubic feet. or $50, ,O41.SS for
he 1861, $4,000 cubic feet consumed
Gas Some Towns Burned
This table shows the six Kansas and
Missouri towns, supplied by the Kan
more than 100000 cubic feet of gas.
t also shows the price paid for that
;as.
TOWN Cubic feet gas. Amount
topeka .................2 OH 149 S 3O6 O44 37
Kansas City. Kan....2. .429 s67 go, ,e56. 81
Kansas City, Mo -.-.-.S, ,5s9, ,S59 1893 2S6 so
,offeyville .............2 S04 14s.1O4.47
ophn --.;...--.------.- l. ~ o,1a9 zoo "a
There are about 20 other towns in
Kansas ard Missouri which are sup
lied by the Kansas Natural, but which {
Z 1911-12 used less than a million
ubic feet of gas. The amount of gas
onsumed in each town and the amount '
objected for the same, is shown in a
eparate table of the corporations re- j
ort.
In 1911-12 the Kansas towns supplied
" the Kansas Natural paid 81 615 no 48 1