Kentucky Irish American. (Louisville, Ky.) 1898-1968, 1914-02-21


lines) ................. $s,OsO.s54 IS
Revenue from mail and
Net revenue from inter. 800 .
urban lines and interest. 1864 So
Income from other sources. 117.272 Ii
Gross income ,........s3,423,O9 O 10
OPERATING EXPENSES, INCLUDING
MAINTENANCE.
Operating ex-
penses 1,S4S,51s 81
State, county
and city
taxes for
il months. 25s,25s 40
Interest on
debt paid
and accrued 5S5.sss "a
Dividend on
A ferred
stock $500. $4,000 90 2,s25,611 81
Net earnings .a.. $597,47S rs
Dividend on
m m
stock s545,660 90
Accident fund 36.495 so
Income ac-
/ count 49,. 1882 o. 597,47s 76
! Improvements made during the past
year have been of such a varied nature
that only the more important ones can
I be referred to, and in a. general way in
I this report But attention is called TO
the balance sheet and detail report of
! the secretary and treasurer presented
at this meeting for the benfit of any
who may desire special information.
BONDS.
| A special meeting of the board of di-
rectors was held February Z, 1913, TO
consider proposition, presented by the
president, from a number of the finan-
cial institutions in the city to purchase
$1,000,000 of the general mortgage
bonds of the company at par. On mo-
al tA1
osition was accepted, the bonds deliv-
cred and proceeds used for extending
and improving the property.
1 POWER HOUSE.
The new power house, admirably To-
Gated at Twentieth and High streets,
nal and first-class railroad connections
and switching facilities, has been COM
pleted and is now in operation. The
4 building and all the machinery is of
the very best design with all the latest
improvements, and the station is equal,
| If not superior to any like plant in the
country.
I The building of the new power plant
necessitated the extension OF our con-
duit system and the installation of con-
siderable new cable and erection of ad-
ditional wire which has materially i'm
proved our feed wire system.
SHOPS.
The new car shops on Twenty ninth
street. between Broadway and Garland
scale with all modern improvements,
are nearing completion and will be a
subject for a later report.
TRACKS.
The track TO Jacobs. or Iroquois
Park, by the way of the Third-tsreet
route was doubled and put in thorough
condition with heavy tee rails.
The West Main-street line was ex-
tended from Twenty-sixth and Slevin
along Slevin street to Thirtieth. over
Thirtieth street 10 Afford avenue and
east on Afford avenue to Twenty-sixth
street, and il now In operation and Civ
ing service in a portion of the city
where IL was much needed.
Double curves were put in on Port
land avenue west of Twentieth street
and tracks built over private property
purchased for that purpose from Port
land avenue 10 and across High street
into the new power plant yards.
The thirty-five Mound tee rail ON Sew
enth-street line TO jacobs Park was re-
moved and tracks rebuilt with seventy
pound rail
The track on Bardstown raod was
doubled from the city limits TO Doups
Point.
sewer construction and street recon
struction necessitated the relayins OF a
large amount Of track in all parts Of
EQUIPMENT.
The company built in its own shops
ten new trail cars of the center en-
trance type which have been In opera
tion for the past few months and have
proven very popular with the public
INTERURBAN LINES.
The right of way was. purchased from
the property holders along the Louis
VILE and shelbyville turnpike and the
line double tracked from St. Matthews
TO Warwick villa siding. The power
greatly Improved by building new
transmits sion line from campbeli-street
4 station 10 Marcia