Show 1 SHOWS GROWTH OF THE WESTERN 4 Annual nual Report of the Utah Road Roads is s Issued T RECEIPTS GAIN PER PERCENT CENT t F 4 HEAVILY IX Some indication of the aM all l Increasing of Utah is con contained tamed in the annual report of the BIe I Grande which has bu 1 just been received in Salt Lake Ike hei he i gross grose income of the company for tor u th the Dacal year ending June 30 1901 shows an increase r g 67 over the tile me ious year ot O pet p ent Sent Th Tie heavy ex for new equipment and for tor Improving Im roving the physical condition of the road including Jw e practical rebuilding of ot large Jarge portions of ef the main line brought up the oper operating operating aUng expense so ao that the th net earnings how a decrease the amount of ot Ue te decrease being practically what h lu lugone gone back into the road Despite all these improvements the road paid a dividend of ot 5 per cent and has bas a com corn comfortable comfortable surplus Under date of Nov President i T Jeffery summarize ethe showing In rn the report as follows The income of f the company during the fiscal year ended June 30 1101 In Including Including eluding 31 interest on loans etc as an Increase of Qt 43 i compared with the previous 5 year ear earThe The gross receipts from operation Were tere ere being an increase of ot 71 The operating expenses were an increase of 2964 The n nt t earnings earning from opera operation operation operation tion were being less than for the previous fiscal year The Increase in gross from operation was per cent in expenses ex I IS 68 per cent and t he decrease in net ne earnings per cent After Alter providing for interest on funded debt taxes rentals ot of leased lines etc and tour four quarterly divi dividends dividends of IVi 11 per cent each tach upon the capital stock there remained I Ia a surplus of ot credit to profit pm t and loss from the years year operations of Mt r The m charges charge cha direct to profit and aM lose Io during the year were as 8 follows fon Five per pe r cent dividend on common ft capital stock paid Aug Au XI 31 1900 1910 6 N Betterments Insurance fund 35 Contribution to sufferers from the explosion in Winter Quarters Quarten mUM of Pleasant Valley Coal company l 11 1 6 ls Settlement of sundry Items accruing u uI I ing ng prior to July 1 1900 1100 j T Total Making aIng a net ret decrease e in profit and a loss account of Revenue Bevenue and aRd Expenditures Freight revenues s were Ig an increase of over the j year Passenger Pa revenues v were ere vere 53 an increase of ua 52 Express man malls and tius were ere 81 an increase of 14 The operation expenses were an a n Increase of The expenditures for tor maintenance of v way ay and structures were about more than thau evious year of which p was wu in renewals cf f rails and ties The funded debt bt at the close cloae of the year was out of a total issue thus far authorised of of which are first trust mort mortgage mortgage mortgage gage 4 per cent bonds and first consolidated mortgage e 4 per pet cent bonds of the first tInt dated mortgage bonds have bave been sold for the purpose e of acquiring securities of o other companies for new equipment and for tor expenditures 8 in and betterments 0 of the th Ant Ir eon on sol dated mortgage e bonds bonda the treasury of the company Utah Fuel Purchase There were issued durin th U tl year of first consolidated mortgage bonds of which 0 were vt 1 ac cc I auire the capital stock of the th tb Utah Fuel company full ue to provide for expenditures exPenditure for new equipment and betterments and for construction of the th following extensions 82 miles Belnap to Marys Marysvale vale ale alt Sevier levier railway 3 miles Twelfth South Sooth street line JI Salt Lake Lak miles mites Potters Graystone ton quarry marry spur apor yo I 11 miles mUes r improvements ts and additions to the property t were vere expended dur durins ins Ing the year m account of bridges buildings fen f fenee 9 spurs spur sidings water ater plants rights right f l vay a 8 etc and aDd for new a W equipment making a f which was wasI I charged to account I During the year yeat 1546 IS tons of new I steel tails rails were laid releasing I ing rails which were used in iu replacing lighter rails on branches where they were inadequate for trat traffic fid fic fi The equipment was increased dur durin inc inT in the year by the addition of ot eleven I locomotives s fifty steel coal cars with hopper bottoms nine passenger cars carsone carsno one no JIe dining car two to caboose cars and andone andone one construction car all of were ere c barged to capital account except t thirteen of ot the steel teel coal eol co l cars were paid for out of the construction I fund of the Carbon County Railway the securities of which as ae a 4 owned by b this company Tre have hav been received and put into service in addition to the above 1 I enty locomotives JOC mOthes stee steel flat cars carsI carsI I I box x cars can steel co col 1 cars 1 j te tc box cars fifty stock t i carl care car one dining ear car ar two baggage care can I find and nd ballast ballat ears payment for forA A which has baa been made since the close of the fiscal ft cal year The mileage of road read operated on June Juat 30 31 3 1901 was 66 miles exclusive sive sIe sh of i 35 miles of narrow narlO gauge tram tramways tramways ways ays in disuse being bIng an increase over the previous year of 5 43 mules There were securities of ot controlled railways and of the Western Vestern Express company in the treasury on June 30 amounting to at par value but appearing on the hOoks books at 10 There Thue are also bonds and andI I stocks of ot branch lines lin and of the Utah r Put Fue company amounting to at par deposited dep the Morton Trust any trustee as an collateral for tor the first consolidated mortgage bonds Expenditures in Utah Of the nearly nearl three and a t quarter quarter millions charged up to operating ex cx the greater creater part wr wrt pent in Ip inthe inS S 4 J the tat of t Utah tab approximately x I a k hI 1 I V fourth being disbursed in of or I 5 employees exclusive of ot agents opera open operators tore tors and section men A total of ot t which does df not include the sala sale salaries ries of or the class clasps of nf employees men mentioned mentioned Is mad up Ul as follows i 1 Engine and men f eight 12 Engine and nd in n en r 1 4 62 I Train service freight 13 IS Train service passenger er 85 I o 8 and 42 46 t officers 3 87 C k and an ator 99 I II tu j rn ng the t th h Y ar 81 r 74 u n Is i W we L tarried carried is i s with i ij it ity j y 0 J Q 7 it m the previous year The freight ton tonnage tonnage tonnage nage was 1 as compared with the previous year The aver average average average age number numb r of ot passengers to a train wu was Ii The TM banner banDer month In freight earn was October 1900 when the reve eve nu from this source amounted to The banner month for tor the passenger put department was June 2101 1111 with to its credit Another interesting item of informs information tion Is Ia that a ton of coal eoal will run aa an engine miles mes on an average The Tile equipment Of the road mad June M II last lut consisted of seventy aeYe freight t lo 10 locomotives C passenger 10 lo locomotives ti passenger ears ers 1533 u freight cars wg Can and Ud other earL cars This does not nt Include two loco ben locomotives motives two passenger ears cars re and Del five other which formed a part art of the theold theold old oki Utah Central equipment The expenses were A per par cent of the receipts The reports of ot the Ute roads road controlled by the RIo Bin Grande Western the range Sevier and Utah Central are included in the general Jeneral report a |