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Show COHIflfG SOME BETTER Western Pacific Now Meeting IntcrcM On Its llonit, HAN ntANClhVO. Pept. 27 Thn Western Puelflc railway for the first time In Its history Is oarnlntf the full Interest on Us fifty million dollar first mortgage bonds. This condition Is duo directly to the heavy minKrr traffic to nnd from thn Pannma-Pn-clflc exposition. In July the rompnny earned 2I,000 over operating ex-pensra ex-pensra available for bond Interest nnd In August net earnings approximated 1360,000. it requires only 1201,000 per month to provide for the full Interest In-terest on tho first mortgage bonds. Thn exposition has therefore proved a distinct benefit to the Western Pacific, Pa-cific, but tho transitory imturo of this heavy traffic precludes present earnings earn-ings being used us n basis on which to effect n reorganisation of tin- property. prop-erty. It shows, however, that ir tho properly secures a sufficient volume of truffle It enn be handled expeditiously expedi-tiously nnd economically Iteorganliatlon plans, which will be taken up more aggresslvel) this fall, will provide among other things' for developing the propert's latent onrnlne possibilities, such aa thn eon-slruetlon eon-slruetlon of brunch lines and fwders. the Tirovlslon of which would presumably presum-ably be the salvation of the proper!) . |