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Show i j ROCK ISLAND ANNUAL REPORT Bi ig id j Gross Earnings Decrease Over 0 Three Millions in Fiscal ly Year Ending June is 30, 1914. te IJI Chicago, Nov 1. The annual re port of the Chicago, Rock Island and Pacific railroad and proprietary companies com-panies shows gross earnings of ?68 - if 208.112, a decrease of $3,156,822 for 1 the fiscal year ending June 30, 1914. Operating expenses were reduced, $1,-504. $1,-504. loo and net operating resenuea were $17,208 166. a decrease of $1.-652,666. $1.-652,666. The year's balance appllc- !t able to dividends was $450,621. All but a small part of the company's com-pany's capital stock of $75,000,000 is pledged to secure the Rock Island's sa collateral 4'n Two dividends amount- in ing to $1,871,762 were paid out of al surplus, so the actual result for the ec year was a deficit of $1,421,141 la President H. U. Mudge in the re- 5e port remarked that added mileage I( with an increase of only $15,000,000 U In capitalization operated to reduce !he capital stock from $17,625 per M mile in 1002 to $10,126 per mile in 1914. The bonded debt, however ln- I creased from $28,088 per mile in 1902 to $36,604 per mile in 1914. partly due to new mileage assumed and partly to amounts expended for ad ditioiial improvements to the prop-ortv prop-ortv making a total capitalization per mile in 1914 of $46.7?o as against $45,713 in 1902. |