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Show . . IJECEIYER BANCROFT'S - REPORT. Net Earnings of the 1. & K. . Western for the Past Eighteen -' months Nearly Half a 1(111. lion Dollars. Receiver Bancroft has submitted his financial statement of the business of the D. & R. G. Western, covering a period of eighteen months from July 12th,. 1884, when he assumed the duties of the Receivership. Re-ceivership. We question whether the showing will not prove as astonishing to the public as it is gratifying to the many friends and well-wishers of the " Little Giant." When it is remembered that the road has suffered an almost interminable intermin-able number of washouts and other disasters dis-asters which have been quite as unavoidable unavoid-able as they have been costly, and when too, the character of the times, in a business busi-ness sense, is considered the showing made in the following figures seems almost al-most incredible, and will effectually confirm con-firm in the estimation of his friends and the people everywhere that Mr. Bancroft was eminently fitted for the great responsibilities re-sponsibilities entailed in the . Receivership. Receiv-ership. . It will be seen that during tbe eighteen months which the statement embraces there has been1 a net gain of almost half a million dollars, which will be gratifying gratify-ing news to the stockholders, and tends to demonstrate what the possibilities of the road are, and .what may reasonably be anticipated for the future. The following is the tabulated statement: state-ment: ' " EARNINGS. Freight ,". 046,289 37 Passenger........":.. 282,782 58 Mall .... 44,414 27 Express M.'... i. ..'.'I . . .... 53,533 03 Miicellaneous 10,226 70 Total earnings ..."........$1,437,245 95 EXPENSES. Maintenance roadway ...... $ 290,233 70 Maintenance bridges and buildings 45,286 90 Maintenance rolling stock 115,532 82 Cond. transportation 497,199 13 Contingent expenses ..." 23,936 37 General expenses 46,043 77 Total expenses..... .... . ...$1,018,232 69 Net earnings 419,013 20 Income charges, less credits ...:.: . 270,831 67 Net balance ...$ 148,181 59 assets. Dae from various agents $ 32,748 28 Material and supplies on hand..... 94,162 04 Cash on hand 231,850 62 Due from-U. S. Government. 5,623 73 Due from W. S. Jackson, Receiver. . 22,319 04 Due from individuals and Co.'s . . . . . 4,440 19 Due from foreign roads .......... 13,357 68 Total assets. ...v.....:.. 404,501 48 LIABILITIES. Unpaid vouchers..... ' 58,380 54 Unpaid pay rolls -48,497 36 Unexpended material - 10,901 05 Inventory account 120,656 79 Pay checks ; . . 16,511 62 Unclaimed wages v . 1,372 53 Total liabilities. . . . . . . . . . . . ..,;,.$ 256,319 59 Assets ......... . $ 404,501 48 Liabilities.. 256,319 89 Excess of assets $ 148,181 59 |
