Show NORTHERN PACIFIC WEALTH Annual Report Shows Net Earnings of Over Twenty Million Dollars for Company St Paul Minn Oct 3The annual report oC the Northern Pacific railroad was given out here today It shows the folio winG Gross earnings 546112104 operating expenses 21032092 net earnings 22 110012 less taxes 1421433 leaving 520088579 V Deduct Interest on bonds 0901695 rentals of leased lines 5160 fii3 dividends 10074043 total 17130 183 Surplus for year 46709IB less sums for betterment etc 3000000 surplus sur-plus 511167001C Surplus June HO 1002 8054709 leaving surplus Income D72C635 The excess in gross earnings WitS 547Gi72G and in operating expenses ex-penses 2743670 Freight earnings were 33301957 an increase of 3074914 or 102 per cent Passenger earnings were 510301395 an Increase of 1417938 or 15fi per cent There was nn Increase in the income from operation of 54731723 or 11G percent per-cent C President Mellon In his report shows that since September 1 1 1806 when the load commenced under the new regime 34244369 has been spent from the betterment bet-terment and enlargement funds There is a credit to this fund In cash on deposit de-posit of 1403628 Mr Mellen says The business conditions con-ditions prevailing In the territory served by our lines warrant the prediction that the present fiscal year will compare favorably fa-vorably with the one Just closed Tho rusults for the year from operation of the Burlington ssytom In the stock of which your company and the communities com-munities served by It from Its acquisition acquisi-tion of its holdings In this property are being realised These holdings have not required the making of any advances by your company during the year |