4

Annual   Report
SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME
 

IIaiI, OI'tniATlONS                                                                  Z.7^^03 miUt operaCal 3.VSVSS milet operated           3'20 miUs

Ileveiiues                                                               *99,9U8,47S 17"      S9;!,171,8G0 09         $6,736,017 48

74,079,086 58         64,593,826 35           9,485,260 23
 

NET Ilt^ENUB FItOM OOTSU)*; OI'EK.ATIONS

NET LOSS ON OUTSIl>E OPEKATIONS                          1118,778   60
 

oPEitATiNu INCOME    121,012,786 69        $24,349,497 !
 

TOTAL OTHER INCOME   815,446,333 27        $11,392,858 86         84,053,474 41
 

GROSS corporate INCOME    $36,459,119 96       $35,742,350 82            $716,703 14
 

Deductions from gross corporate income

Rentals of leased lines                                                  $10,058,290 85-        $9,943,570 81             $114,714 04

Hire of equipment                                                               972,557 08              959,684 09                 12,872 99

Joint facilities rents                                                             538,131 73              419,441 42                 88,690 31

Miscellaneous rents                                                              504,395 88                83,057 29               421,338 59

Interest on funded debt                                                   9,162,019 59'       < 8,913,651 53               248,368 00

Interest on equipment trust certiacates                             630,097 20          '■   548,948 26                 81,148 94

Otlier interest                                                                        80,848 89-             940,970 39

St. L. & A. llailway; interest, rental, etc                           74,000 00                74,000 00

N. Y. & Ottawa Railway: interest on bonds                      58,240 00                58,240 00

Other deductions                                                                   91,866 67                75,366 67                 16,500 00
 

Total deductions from gross corporate income    $22,170,447 89        $22,046,936 40
 

Net corporate income    $14,288,672 07        $13,695,420 36            $593,251 71

Dividends, four each year *                                          13,363,758 00           8,931,600 00"          4,432,158 00
 

NET REVENUE FROM RAIL ophkations    $25,829,391 59        $28,578,034 34                                            $2,748,642 75

Percentage of expenses to revenues        (74-15%)    y/         (69-33%)       >/         (482%)
Outside operatiuns

Revenues                                                                 $4,791,030 30         $4,517,996 90             $273,033 40

Expenses                                                                    4,909,808 90           4,312,028 96               597,779 94
 

NET revenue FROM ALL OPERATIONS    $25,710,612 99        $28,784,002 28                                         $3,073,389 29

UED                                                                                4,697,826 30              4,434,504 32               $263,321 98
 

Other income

Joint facilities rents                                                        $1,451,212 04         $1,274,627 35             $176,584 69

Miscellaneous rents                                                         .    319,527 90              506,61157                                               $187,083 67

Dividends on stocks owned or controlled                      11,150,915 74           7,692,497 79            3,458,417 95

Interest on funded debt owned                                          573,754 07              577,901  13                                                     4,146 46

Interest on other securities, loan^ and accounts             1,595,601 41            1,080,595 14               515,006 27

Miscellaneous income                                                           355,321 51               260,625 88                 94,695 63
 

Surplus for the year                                      $924,914 07         $4,763,820 36                                         $3,838,900 29

Appropriations FOR additions and betterments          924,914 07                                            $924,914 07
 

Balance for year carried to profit and loss                                        $4,763,820 36                                         $4,763,820 36
 

Balance to credit of proiit and loss December 31, 1909                                                                                             $15,409,187 67

Against tiiis there has been charged:

Discount or loss on sundry securities                                                                                       $35,352 33

Uncollectible charges, sundry adjustments, etc (net)                                                              323,033 96

Commissions, discounts and expensesaccount of Equipment Trust of 1910                           141,376 76

Abandoned property at various places                                                                                   979,650 41
Cash payments and 1910 installments on account New York Central Lines

Equipment Trusts transferred to appropriated surplus                                             1,592,157 84            3,071,571 30

Balance December 31, 1910                                                   $12,337,616 37

♦Dividend in 1910, 6% on 2,227,293 shares of stock;   in 1909, 5% ou 1,786,320 shares