Daily capital journal. (Salem, Oregon) 1903-1919, 1917-07-04
State House News
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According to the statement of the
Southern Pacific railroad company,
filed yesterday with the public service
commission, for the year 1916, the oper-
ating revenues of that corporation
amounted to $121, ,481 ,9s0.74. 1t was
also shown that the operating expenses
were $76,24S,25497, which leaves a net
operating revenue of $45, ,232, 1851.
Taxes and uncollectible revenue
bring down the net revenue to $3S,903,-
976.71. The incorporating income
amounted to $50, ,l00,613.17, which
brings the gross income 500, ,004, 9.SS.
Deducting from this amount rentals
for leased property and interest on
funded debt, which amount to $65, ,4l4,- :
512.77, brings the net income of the
company down to $3,390,077l1, which
is just $2S,337 ,527.91 less than the in
come derived the year previous.
Governor Withycombe was the orator
of the day at Oakland, Douglas county,
where he helped the citizens celebrate
the Fourth. Although the governor
had "a great many invitations to assist
in celebrating the nation IS natal day,
Oakland got in first and as result
the Others had to be declined.
+ George Palmer Putnam, the COVER
nor S private secretary, represented the
governor at klamath Falls, where the
ceremony of turning the first dirt on
the Stmhorn railroad was held.
A communication was received by
the public service commission yester-
day from the Heppner Commercial CLUB
stating that the railroads had been urg,.
inc the club to endorse the proposed
Is per cent raise in intrastate freight
rates. The club stated that it was not
sufficiently informed on the matter
and therefore took no stand either way
The communication also stated that
the interstate commerce commission
was competent and qualified to pass on
the interstate freight rate matter.
State Fire Marshal Wells stated yes
terday that during the month of June
there wers 40 fires in the state. The
loss resulting he said amounted to
$4,000. The fires are segregated as
follows: 25 residence 10 business
buildings and stocks, three mills, ono
theater. and one automobile.
The sur of 81 ,3s2, 190.06 is given as
the operating revenue of the Pacitie
Power & Light company Of Portland,
which filed its annual report with the
public service commission yesterday.
The operating expenses were $62s.5oo.,
or. During the year a dividend OF
seven percent was declared, which net
ted the stockholders the sum of $780,
600.
The report of the Portland and
Southwestern railroad showed that the
operating revenues for 1916 were
$55, ,446s4 and the operating expenses
s44 .463.4s. The net income, after ex-
penses were deducted, is given as
s674o.SG.
Announcement of the official vote
east at the special election held June
| when the people passed on the meas
ires referred to them by the 1917 leg |
stature, was made yesterday by Sec
-etary of state Olcott. At this election
Ne shows that the total number of
votes sast was 1896.
Following are the several measures
With She tota | state vote for and
against:
Authorizing ports to create limited
to encourage water trans
,ortatien. Yes 81 ,445. No 54,S6O.
Limited number of bills introduced
md increasing pay of Legislators. Yes
Z, 2,276. No 103,238.
Declaration against implied repeal
# constitutional provisions by amend
nents thereto. Yes 37,ls7. No 72,445.
Uniform tax classification amend
nent. Yes 62,11s. No 53,245.
Requiring election city, town and
tate officers at same time. Yes So
$50. No 1926.
Four hundred thousand dollar tax
evy for new penitentiary. Yes 1866.
10 6,165.
Six million dollar state road bond
ssue and highway bill. Yes 1876.
70 g., ,sO3.