Show SPRING CHECK UP TIME Brakes Vi I lights V r Tires V i Steering V Above All COURTESY V iI Professional drivers check these items every trip Safety Safely is No Accident 0 I a. a Y YI I u Full 1 OLO 01 i iS Eu The A. RS S enhance the great Taste of Y Bourbon A OLD HICKORY s iT sI 7 fl OR pun 1 r k kr r d' d t i 1 fi I i t. t y r your homey Ch roe reports re rs Y to to its ifs ts stockholders to to its s 's employees to YOU Its is shippers and travelers I. I Most successful in Rio Grandes Grande's year 82 history 1952 becomes s exceptionally interesting when compared with 1915 1945 previous record year tl I Comparative highlights dramatically tell the story of fundamental economic changes I Increase since World War II 1952 1945 or Decrease Gross Operating Revenues What bat of the Future Operating Expenses Gross Ton Miles thousands That the Rio Grande anticipates Operating Ratio continued growth and advancement for Colorado and Utah is shown Improved Improve I operating tg efficiency reflected reflected in n these comparisons is 7 by its 1953 improvement b budget of attributable to die n and plant Principal items include improvements achieved since Ce 1700 steel all-steel drop bottom gondolas World War 11 II 1 50 covered hoppers five purpose all-purpose 0 Diesel locomotives rebuilding of PAY PAYROLL R 0 LL 38 33 14 11 54 r 0 o t i box cars completion of the new Average Employee Count classification yard at Grand Junction Evidence that railroading is iI s a and 36 miles of new pound rail desirable industrial career is found iI in n the the act fact that ewer fewer employees employee Looking to the future disposition i in Sn 1952 earned more of the 1952 net income attains special than in 1315 1945 significance Net income for 1952 was which after applying h 11 TAX ACCRUALS to sinking and other reserve L That the C cost coat o of 0 government f exacts exact a funds and payment of on heavy ton toU from Industry I is iI outstanding preferred stock left demonstrated by this thil increase ereal of 0 1846 per share earned on the U in n yearly tax taz payments payment common stock The first quarterly dividend of per share was paid z cu MATERIALS AND SUPPLIES on March with additional additional a dividends on common stock subject Despite Q e opera operating ti no econom economies i e. e e effected D ec t e d I generally higher prices price prevented to further action by the board of I any Y appreciable saving in purchases d directors The Tho 1953 improvement t largely channeled through Colorado Colorado of with budget 19 and Utah producers Producer and ad suppliers c charged to operating expenses and depreciation allowances Wh Where ere t the h e R Revenue came from f. rom in In 1952 leaves capital expenditures expenditures expendi expendi- tures representing per share Transportation of 01 Freight Transportation of 01 Passengers All other Sources of common stock graphically demonstrating Rio Grandes Grande's faith in the future r r 0 1 z au y ar tiara M J. J w. w r Rio R Grandes Grande's primary obligation H iT Hi w i.-w ft a Y is to 0 provide dependable economical DENVER E ENVER N V E R R Rio lOR GRANDE G AND E WESTERN W EST ERN RAILROAD R A I L R DAD tr service travelers vele s for lor Stockholders YOU its shippers and nd and employees are a team in pooling Pf N 1 OF THE PROSPECTOR their skills and abilities I C CALIFORNIA ZEPHYR resources sources Ji ID ROYAL lOYAL GORGE to attain this his objective Pioneering tl J for jor or 82 years ears COLORADO EAGLE fAGU Rg sae |