Pine Bluff daily graphic., 1915-10-07
C0I1ONB BELT Ry. z ny ytNE5 REFLECTS ALL I h$ $S-e. x a : 'I's OLD DIRECTORS
 
 ae --- a; Y s,g Absence of Quorum of Di- rectors Causes Postpone 'ment Selection Officials.
BRITTON'S REPORT % 5 SHOWS INCOME DROPS
Officials of Road Come Here Today for Meeting Tomorrow Forenoon of Stockholders of Pine BiuG, Ar.
 kansas River Railway. .

All dhe directors of the Cotton Belt were ra-elected at the annual meeting of the stockholders of the organization, at St. Louis, Tuesday morning, but because there was no quorum present, the directors did not hold the annual election of officers. elected at mesting to be held later at the New York offices of the com pany. .
 relieving the meetings inst Louis, the officers and directors Of the com pany began the annual tour of the system, to att nd the annual meet ings Of the various subsidiaries Of 3iae company. The first of these meetings. was held at St. Louis yesterday, when officers were elected for the Grey's Point Terminal company. C.
 Arrive Here Today.
 The annual meeting of the stock. holders of the Paragould Southeast. ern railway company, another sub- sidiary. will be held at o'clock this Forenoon, at Paragould. with the of-, ficers and directors of the Cotton Belt in3s ayt etHaneEss. kSTAe ,fissrty. is, .fiy sS 7: .S.s,. " VI,
 
 ns sSs ril.S ra ii1ead wifi be :Sss futiao'pt', today at noon, and aESfh sstsottdn Bek party will. be iiiiR 3af silaance: r. sFollowing the meeting at Stuttgart Cthe special train will come to Pine and spending the night here, and l 2 -t, h 1, fsf the party will be in attendance at the annual meeting of the Pine Bluff, Ar kansas River railroad company at II o'clock tomorrcw forenoon, at the Of l flee of Attorneys Bridges & Wool |'dridgla, in the Citizens bank build ] ing. ~~.,""
 Revenues Show Decrease.
 1 The annual report submitted by President Britton shows that the com pany operated 1753S miles of main 1 track during tn year. The total operating revenues amounted to s10,- 627, ,S61.12, a decrease Of $2,164 043 g, Or 1892 per cent, comparfd With. the preceding fiscal year. Tha total operating expenses amounted to $S.- 361 ,153G6 a decrease of $1,472,646.9o Or 149S per cent, and was sufficient tc. offset ovsr 6S per cent of the loss in operating revenues. The ratio of opera ing expenses to operating rev enues was 1867 per cent, as against 76.SS per cent during the precedins year, or an increase of l.79 per cent 1 The sevsral general operating ex- pense accounts show increases and decreases as compared with preced- ing fiscal years as follows Main tsnance of way and structures, de crease $3o1 .161.33, or 1913 per cent; <, maintenance of equipment, decrease 1 $5S6,7120a, or 22.3 per cent; traffic expenses, decrease $o5,574.92. or 10.9" per cent; transportation expenses decrease $344, ,127.S9, or S.29 per cent; miscellaneous operations eXpensss decrease $12.350.77, or 2o.55 per cent; general expenses, incr3ase $6.7S1. .2S or 1.32 per cent; transportation for investment-Cr., increase $129.49S.2' In conclusion the report says: I'll is believed that the active aniirailroai agitation of the past few years, re I sulting in the serious impairment oi the credit of transportation interests I will be followed by a reaction when Twill establish closer relations and a