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SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME
 

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Rail opbration3                                                     a.-
Revenues
Expenses
 

1911                         1910

'00 23 miles operated 3,78503 miles operated

$103,954,862 81        $99,908,478 17

74,472,578 24         74,079,086 58

$29,482,284 57       $25,829,391 59

(71-63%)                  (74-15%)

$5,202,572 02         $4,791,030 30
4,881,096 79           4,909,808 90
$321,475 83

$118,778 60

$29,803,760 40       $25,710,612 99

5,447,759 13           4,697,826 30

$24,366,001 27       .121.012,786 69

$1,754,125 34 $1,451,212 04
309,579 61               319,527 90

11,649,589 23          11,150,915 74

489,986 73              573,754 67

1,616,736^4           1,595,601 41

416,162 50              355,321 51
 

Increase

5*20 mites

$4,046,384 64

393,491 66

$3,052,892 98

$411,542 32

$440,254 43

$4,093,147 41

749.932 83

$3,343,214 58

$302,913 30

498,673 49

21,135 13
60,840 99
 

Decrease
 

NET  REVENUE   FROM   RAIL  OPERATIONS
 


 

Percentage of expenses to revenues
Outside operations
Revenues
Expenses

NET REVENUE FROM OUTSIDE OPEKATIONS
NET LOSS ON OUTSIDE OPERATIONS
 

(2-52%)
$28,712 11
 

• net revenue from all operations
Taxes accrued
 


 

OPERATING INCOME
 


 

Other income
Joint facilities rents
Miscellaneous rents

Dividends on stocks owned or controlled
Interest on funded debt owned
[nterest on other securities, loans and accounts
Miscellaneous income
 

$9,948 29

83,767 94
 

total OTHER INCOME   $16,236,179 95       $15,446,333 27            $789,846 68

GROSS CORPORATE INCOME  ^40,592^181^_22       $36,459,119 96         $4,133,061 26

Deductions from gross corporate income

llentals of leased lines                                                 $10,036,832 20       $10,058,290 85                                                $21,458 65

Hire of equipment                                                           1,161,064 87              972,557 08            $178,507 79

- Joint facilities rents                                                           556,026 51               538,131 73                17,894 78

■  Miscellfineous rents                                    '                         565,693 96              504,395 88                61,198 08

Separately operated properties—loss                                 210,693 02                                                210,693 02

Interest on bonds                                                            9,162,019 58'        9,162,019 59                                                              01

Interest on three year gold notes of 1911                       1,085,039 99    ,                                        1,085,039 99

Interest on equipment trust certificates                            742,979 81''          630,097 20              112,882 61

Other interest                                                                       76,749 96 ''             80,848 89                                                    4,098 93

Equipment reserve                                                       —   1,227,624 54                                          1,227,624 54

St L & A Railway: interest, rental, etc                            138,600 00                74,000 00                64,600 00

.\ Y & Ottawa Railway: interest on bonds                        58,240 00                58.240 00

Other deductions                                                                276,267 74                91,866 67            _18M01_ 07     ___________

Total deductions from gross corporate income   $25,287,732 18       $22,170,447 89        _$^,J_17,284 29___________

Net corporate income    $15,304,449 04       $14,288,672 07         $1,015,776 97

Dividends,foureachycar:5%Jnl911: 6% in 1910     11,136.465 00         13,363,758 00                                          $2,227,203 (II)

Surplus for the year                                  $4,167,984 04            $924,914 07         $3,243,069 97

Appropriation for additions and betterments                                                 924,914 07                                              $924,914 07
Appropriation   to    cover   replacement    value    of
abandoned   property   including   buildings   at

Grand Central Terminal, etc                                   2,500,000 Ofl                                             2,5(10,000 1)0

Balance fob year carried to profit and loss       $1,667,984 04                                          $1,607,984 04

Balance to credit of profit and loss (free surplus) December 31, 1910                                                                   $12,337,616 37

Surplus for the year 1911                                                                                                                                              1,667,984 04

Additions for the year:

Interest on investment in Rutland stock to December 31, 1910                                        $365,845 72

New York & Putnam Railroad Company first consolidated mortgage bonds                       38,000 00

Refund of deposits account New York & Northern Railway Company                                   1,907 61              395,753 33

$14,401,353 74
Deductions for the year:

Commission and discount, three year gold notes                                                                $349,500 00

Adjustments Western Union Telegraph Company accounts prior to 1911                           147,014 79

Adjustments Pullman Company accounts prior to 1911                                                        33,404 03

Clearfield Bituminous Coal Corporation advances, interest, deficit, etc                              254,912 75

Settlement Canadian Pacific Ry for St L & A Ry proportion of property and facilities at

Montreal, twenty months prior to March 1, 1910                                                           90,000 00

Sundry uncollectible accounts and adjustments                                                                    77,853 84              952.685 41

Balance to credit of profit and loss (free surplus) December 31, 1911                                      $13,448,668 33