Evening star., 1923-02-02
POT0MACE[ECTR|C
+. PROFITS S959,&1
Hams Report Filed With
Speaker GiIIett DiscIoseS
Operation Figures.

The annual reports of the Potomac
Electric Power Company. OF the
Washington Railway and Electric
Company, of the Washington Inter
urban Railroad Company, OF the City
Georgetown and Tenlcytown Rail-
way Company. for the year ended
December 81, 1922, were filed yesterday
with Speaker Gillett OF the House, as
required by law. by W. F. Ham, presi-
dent Of those corporations.
Colin II. Livingstone, president of
the Washington and Old Dominion
Railways notified the Speaker that
ton, treasurer of that corporation,
and as no other person could com
plete the report, the annual report Of
the Washington and Old Dominion
Railway would be delayed, but he
hoped II would be presented some day
before February 10.
Gross Revenues, &5.373,363.
Tn his report on the Potomac Elec-
tric Power Company. Mr.. Ham listed
the gross revenues totaling s5,31S,
363.i1; the operating expenses total
Ing S4.413.5024 leaving surplus.
after paying operating expenses and
fixed charges before payment of divi-
Extensions and Improvements made
in the plant and works during the
year totaled sl.300.4 .43s1S. The amount
expended for labor was sl,259,5l6.36.
The amount set aside for deprecia
ton, including general amortization,
$5s7,31202. Amount set aside for in
Surance mad renewal, $459.l26.16.
Amount expended for betterments and
other sources, s1,300.1l5.12. Amount
set aside and paid In interest
-;
port showed that OF the $4,000 shares,
a9.994 arc held by the Washington
Railway Electric Company and 9.9sa
for the United states Mortgage and
Trust Company as trustees.
he report OF the Washington Rail
way and Electric Company shows the
amount OF capital stock sl5.o0o.ooo.
The total amount now Of funded debt
s1T.se035o. Amount of floating debt,
sls1 o. So The heo am1unt Of dividend rs. nd
property, s34S74.sSs.6o. Length of
road in the District. 4s.41 miles, and
in Maryland, $50 miles. The total
length OF track figured in miles of
single track, 104.o5.
The total number OF passengers car
ried, including transfers, So.45o.223.
The average fare per passenger car
ried. .;oo34s. The report includes
list of the average time consumed in
passing over various street car routes.
Passenger Receipts.
The receipts for passengers IN the
District are s4,229,?s1.c0, and in Mary
land. s11o,e3i.l5 Receipts from
chartered cars totaled s1,965.36. The
receipts from freight and express.
$1.101.S2. The total receipts. includ-
ing returns from advertising, from
switching. from sale of power. for
rent of tracks and interest and divi-
dends on securities owned. totaled
$6.713.193.23. The total expenses Of
operating the road and repairs. 3d.
year is ss1i,s51ss. The profit and
loss surplus on December 81. 1922. is
given as $1,723,504.4o. The report
shows that there were . total OF 1.o0S
accidents during the year, in two of
which the persons injured died.
The report on the Washington In
terurban Railroad Company shows
the amount of capital stock. $4,000.
The Washington and Rockville Rail
way Company owns ss5 OF the 1000
shares. The total amount now of
,unded debt is 100000 The float
ing debt. s4,o57.so. The number of
passengers carried. including trans
fers. is i1s.s29. The receipts from
ceipts from all sources s34.01s.51. The
total expense OF operating the road
and repairs was $37.76S9s. The to-
raj operating expenses and other
charges is s4I,12S.3S. The deficit for
the year is $iS.lo7s7. The net def
cit for the year Is sl3,52435. The re-
port shows that there were nine ac-
cidents. none Of which was fatal.
The report on the City and Subur-
ban Railway shows the capital stock
si.750,o0o. The total amount OF fund
ed debt. s1,74s,0o0. The amount OF
floating debt. sso.soss2 The total
cost Of the road and equipment is
placed at s4.o4441s.6s. The road has
of double track. The total number of
passengers carried, including trans
fers o1,357.3S1.
Total Receipts.
The total receipts from all sources
S1.172.002.76, Of which Sl1631so
vas for passengers carried. The total
expenses for operating the road and
other charges was s1.o64.S04s6.
The net profits and loss surplus on
December 81 Is given as 3274,241.12
The company reports 216 accidents, in
two of which the persons injured died
Tho report on the Georgetown and
Tenleytown Railway Company shows
the amount OF capital stock 100000.
The total amount Of funded debt
100000 and the amount OF floating
s1I2,266.4s. The total number Of
passengers carried, including trans
fers, 2,44o.73s.
The total receipts from all sources
during the year were sos ,26os7. The
:otal operating expenses and other
charges, s13n.69e.47 The net deficit
for the year is given as s29o07.5s
This road had eighteen accidents dur
ing the year. none OF which was fatal.