| Show ANNUAL REPORT R g FILED EIB BaLLy H PR Operating Costs in Utah 66 Per Cent of Revenues SATT LUE LE Ira 3 n hA Rail Rail- lo company I Lt the public utilities Ues commIssion or of I t tall tab II report sho sho shows s that hat the which owns some omo oth railroads outright and controls control I sUII others through the Oregon Short Lle Iloe which It 0 owns ns I 1 Is In th the hands ot oC O 51 61 stockholders ers of ot record With Ith l to o ance companies the tha l Equitable LIre Life o 1488 14 share shares par alu I 00 tL I n share and the lion In- In In Insurance rane company 0 owning 2500 Shares among Iti It stockholders tho number of o members of these mu mil mil- eual of course courso greatly Increases the number or of persons financially Interested ted In fliP Union Pacific as part owners 0 ners ST T OTI G G POWElL lOWEll According to the report tho largett larget voting power potter of ot anyone any one Iq I 1 1 In Amsterdam Am Holland by it II lIh a nn ternI and ab nb- nb br do down don n to el ete This company can cat cast 62 52 26 otes totes out ot the rep rep- represented represented resented by shares outstanding The next largest larget single 0 owner ner is 18 the Chicago S Northwestern North stern rep rep- resented rep represented re resented by Man In Hughitt as chaIrman of ot the board of ot directors directors directors tors MaT Man MaTIn In Hug Jr Is la a II di director dI- dI dIrector director rector of ot tho the Union Pacific hut vas ns not at the tho time of ot the report It a member m of ot Its executive corn om corn mitt e The members of ot tI t were wert Robert S 8 Io ett chairman W A Harriman Charles A Peabody C B 23 Seg-H Seg Frank A and Paul JI Ii Warburg Thoro There was one ono vac on the tho committee and two on the directorate NEW N W EQUIPMENT T Investment In road and equip equip- equipment ment of the Union Pacific IS placed at while White there are sufficient investments In stocks bonds and the like to brIng the total In Investment estment figures In the report Up tip to The Tho total corporate surplus Is placed at taking taking- care are of tho the stock liability and IU In term long debts as well ns as the other Items of ot the liability t column Book Bool Investment In estment In the road Is Dt at a 0 mile Oni was as as Invested ested In new line and and extensions during daring the I ear but 11 was latest latest- est ed In tn new equipment RE REt Lt While from the operating viewpoint lew point the Union Pacific bad had not a partIcularly prosperous vear ear the balance transferred to the profit after paving pa Ing 10 per cent on common stock and 4 1 Iper per cent on preferred was as 10 1000 plus or 2200 more than thanIn In In 1921 The dividends total more than thon The rail ay operating revenue ot of was Vas 7 less than In the precedIng scar I ear Operating ex- ex of 74 were 4 less lese than In the precedIng ear So that the resultant net from operations of wa In Ln 1921 Taxes TIU s were ere 6 or o which Ulan Utari re- re eh cd The federal Gov gay gay- S share was as Of Ot the thc operating revenue 81 81 was as tas In freight receipts und arid undU U 17 7 In passenger receipts The Utah mileage Is 70 on the tho th Tat t nai line lICo and 28 on branches The Th company owns 1936 miles of ot main mainline line aol and 1705 1706 of ot branches The H entire line operating ratio r oa Luat cne expenses s ter cr 6 5 per cent of ot the ree- ree nue Tl Ti Tte e corresponding ratio In Utah WM is per cent The road had an average a ot of more t ian lan 24 es last at sear ear and paid them ot of c which was ans chargeable 10 Operations |
