The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-09
MEXICAN EARNINGS
DROP 50 MILLIONS
Report Of National Railways
Shows Effects Of Various
Revolutions.
BOOKS ARE CONFISCATED

Tho report Of che National Railways
Of Mexioo for tho year ended June so.
1915. shows how the earning powers of
the property have been affected by the
several revolutions which have been
going on In Mexico. The figures are
given in Mexican currency.
Gross earnings for the year were
$1.776, 9S1, as compared with s34,273,S41
for the year previous, and operating ex-
penses were S1,S22,46s against S31 ,se3,-
SOS. The reduction In operating ex-
penses and sross earnings was due TO a
considerable extent TO the fact that only
small sections of the system were op-
Grated by the company. the greater part
being operated BY the various revolution
AIRY chiefs.
The deAcit from operating expenses ex-
ceeding earnings was s4b.tST. az com
pared with a surplus OF s2.379.77 a
year ago. and the total income was $751;
39s. against n deficit OF sl.065.5 72 in
1914. The revenues for the wear bowed
a deficit OF 5.25s, Sos, against one OF
s5,3l5.02s Il year ago. and the loss for
the year. owing 20 the interest on bonded
debt. on collateral and equipment trust,
80, and on notes poyable was SOS .909.-
32s, as compared with s2S, s35, 62i "A year
previous.
c. Bassave, chairman OF tho board Of
directors, in his remarks 20 tho stock
holders says In part
Every military chief OF those who or
tered and left the city OF Mexico had
more or less troublesome demands to
make. About the middle of January last
there were taken out of our building at
Bolivar street. as well as from the sta
lions at Colonla and Buenavista, prac-
t'cally the whole OF the furniture and
fixtures. We figure that tho value OF tho
extracted outfit liz oyer 100. 000 pesos. In
those days the officials and employees
OF the company were refused access 70
the offices. There were also taken away
books, documents and papers which were
Indispensable 10 all the departments. es-
pecially TO the accounting department,
this being the reason why the accounts
have not been kept up TO date
j. w. TDngo. chief clerk. saws
\ will be noted. the gross earnings
FOR the year l9li-tl SHOW a c~pnsiderahl.
falling OH this Ia due TO cpufscation OF
all our lines by the Const'tutionalist adj
ministrattoD on August IL. 1914. there
being therefore since then no earnings
for account Of operation ~ the lines o.
the National Railways OF Mexico.
A the company was losing It's control
v NC PEbIfrlN, pf4Hk EEtlltllN Ge-
prfved OF its sources OF revenue, ard its
financial situation becoming extremely
difficult. 1t IL logical 10 imagine that for
The short period of operation under re
View there would not perhaps be any
important works of be,tcrmsut. additions
or requirements to report, but that as
the disturbances which took place in the
country assumed an even more serious
character than in previous years since
the beginning % III" revoli',Cg. the COM
pany was struggling very hard - keep
In serviceable condition whatever prop
erty vas being left TO n. up 10 the ahso-
lutte taking over of the lines and general
offices. which have been IN the hands OF
different managing personnel. during
various periods of time
The balance sheet Of the company
shows n deficit carried 10 profit ard loss
as OF June 30. 1915. Of STT.6f5,aa $50.
against s2s. 1861 m the corresponding
date a year ago.