The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-15
u. s. RAILROAD
MAKING MONEY
Enterprise at Panama Shows In.
creased Earnings for 1913

The Panama Railroad company. i'll
| It's report FOR the year ended June g.
| 1913, issued yesterday. records pros
porous period and a substantial gain
| IN net income, a variation from recent
reports of other railroads that is prob
ably due in some measure To the
greater dversiiiCation of its activities.
The Ice cream department. while
exhibiting satisfactory growth,
which fully Justified the eNpendi-
lures for modern equipment" is some
what oyershadoWed in interest by the
new corned beef department, the RE-
suit 81 which has been very salts
factory"
We are producing" SAYS Lieut.. Col.
Wilson Ia his report 10 Co. George ".
Cocktails. president of the road, "a
much more satisfactory corned beef,
and We are enabled 10 buy fun car
casses Of fresh beef, which gives us
the advantage of obtaining fresh beef
al "a cheaper cost
The output Of corHed beef was 2G5,-
SOC pounds. The hamburg steak de-
partment also did well, producing
N.77i pounds iu the year. There were
Increases i'm the amount of ice manu-
featured, the output of butter which
Amounted to $1,000 pounds, ana i'm
The coffee roasting department
The Industrial laboratory turned ont
extracts worth S2SlS5. ass against
Sl0.255 the year before, the principal
items manufactured being extract of
pineapple, strawberry almond, vanil-
Ia, lemon, coffee, orange witch hazel
Tosewater preserved fruits, tooth and
laundry soap and bay rum. Dena-
ured alcohol ard salad oil To the value
Of $4,000 were also produced.
The packing department packed
i,SO2,SGS pounds Of goods, to say moth
ing of putting sanitary wrappers on
il29,O37 loaves of bread
The laundry handled 5,035, 500 pieces,
as against 4,243,Gl4 the year before
The bakery turned out G,779.72G loaves
Of bread, 7l0,33+ rolls and 35,43j
pounds O: cake.
"On June l." says COL. Wilson, the
price Of bread to all was reduced to
2 cents loaf. owing to the general
decrease IN the price of flour"
The prices at which the company
sold it's products and imports, which
are given in detail show that there
was little change i'm the cost of living
from 1912 for the thousands Of work
men on the lSthmus tor whom the ho-
tells, boarding houses and nineteen
stores are maintained by the company.
Bologna sausage was actually reduced
from - To 10 cents Il pound, but
'snappy' cheese held steady at 10
cents cake
OF course, the company also runs u
railroad as well as a line of steam
ors. The railroad yielded a net rey-
'nue of SLh2S,S53 ana the steamships
of 22l,49O. Among the deductions
is the government income tax ON cor
poraticns amounting To $l9,2S9. The
net income was $2l79,lf5, which, add
ed 10 the previous profit and loss cred
II. left that account at $l5,379,522.
The company's operating revenue
showed an Increase over 1912 Of SILL
IFS, and instead of a larger increase
IN operating expenses it had de-
crease Of $l54,3OS.
The demand that railroads divcst
themselves Of securities of other
roads, which has been making Itself
heard lately, has evidently not reach
ed the lshthmus, as the report lists
$l,6OOO0O of securities owned. most of
which are bonds of such roads as the
Union Pacific, Baltimore x ohio, NIL
nois Central, &c.
Col. Cocktails, the president. adj
dresses his report TO the stockhold-
erS' i'm the usual form, although all
the stock excepting few qualifying
shares held by the directors most Of
whom are government officials is held
by the secretary of war as trustee
for the government