Show The Southern Pacifics Condition The earnings of the entire system for 18S9 reached the enormous sum of iGJM3 207 while the operating expenses were 30304365 leaving a balance of 10038842 But alter the payment of rentals interest and other charges there remain from the magnificent income of 46887852 which includes o44G45 from other sources than earnings of thelines only the comparatively compara-tively small sum of 1333585 as the net surplus a result which certainly does not indicate that this great syftem is so excessively exces-sively profitable as to need to be farther repressed by legislation The figures for the Pacific system which comprises all the lines of the Southern South-ern and Central Pacific companies in California Cali-fornia Nevada Utah Oregon Arizona and New Mexico reaching as far north Portland Ore east to Ogden and southeast south-east to El Paso and constituting almost the entire railway system of the Pacific coast south of the Columbiaare of course the subject of much interest We find that the earnings of the 427S miles forming the average mileage of the Pacific system for the year aggregated 133928435 a decrease of 1158756 while the balance of fiarninsrs over oneratine exnenses was 512304805 a decrease of 115831 and that after paying all fixed charges and other expenses there remained as net income from the nearly 534000000 of earnings only 223260 a decrease of 320394 compared com-pared with the previous year The passenger pas-senger receipts show slight increase in the aggregate over those of 1SSS although the through passenger earnings fell off 474809 a notable evidence of the decrease of California travel during the past year On the other hand the local passenger business increased to the amount of 2 J4 101 The extra baggage earnings increased 1 l 19124 and the Sleeping car earnings from 5296091 in 1S8S to 516083 in 1889 i an increase of 5220011 which plainly indicates indi-cates a readjustment of the s coping car contract as otherwise the earnings from this source would have shown a decrease In the freight traffic which earned 19 754424 the falling off was very evident amounting tol4i > 9077 but operating expenses ex-penses were reduced 81072924 chiefly by the saving of 972712 in the cost of conducting con-ducting transportation compared with the previous year when travel and freight were excessively largo so that earnings show a balance over operating expenses amounting to 12304865 a decrease compared com-pared with the previous year of only 115 831 But after paying taxes interest rentals and costof betterments the net income in-come from the operation of the Pacific system sys-tem lines amounted for the year to only 223200 a reduction of 320394 from the pr vious year without the payment of any dividends The Atlantic system with its 1712 miles of lines and its steamships earned 12414 722 and there remained a net income from its operations of 1103491 Almost every item in the account of the Atlantic system shows an increase the gross earnings gamine 32n4B the net earnings 153734 and the net income 260400 compared with thellreYious year The passenger business of herailway not counting the steamship linesnmoullte to 1926528 or 1119li per cent and the freight earnings to 7465105 or 0733 per cent of the total rail earnings |