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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Dec. 22, 1903)
1903. DAILY A5T ORC QONIANi PENDLETON. nREGON. TUESDAY, DECEMBER 22, r ABOUT RAILROADS INTERSTATE COMMERCE COMMISSION MAKES REPORT Cost. of Sin Thousand Dollars Per Mile to Operate the Railroads the Past Year The Gross Earnings Amount to Over Nine Thousand Dollars Per Mile. The Interstate commerce commis sion's report Includes a comprehen sive abstract of the Fifteenth annu al report on the statistics of railways In the United States for the year end ing June 30, 1902. This report, a volume of "00 nagce. !s similar to previous reports In the series, though several new summaries appear !r the Brst time therein. To present concisely the results of railway operations, the commission Issues each year a preliminary report on the Income account of operating roads, which Is published In advance of the full report on railway statis tics prepared by Its statistician. For the past fiscal year this report com prises returns for roads representing 201,457 miles of line, or abont 9S per cent of the mileage that will be Included In the final report. The chief results of this compilation are given In the following statement: The gross earnings of the railways for the year ending June 30, 1903. on the mileage stated were J1.S90.150, 679. The gross earnings for the pre vious year, on 200,154 miles, ns shov.-n In the final report, were Jl.72C.ns 2C7. Passenger earnings amounted to J50S.6S2.009, and freight earnings to J1,335,7CS.5S1. Miscellaneous earnings connected with operation were J45.699.0S9. Gross earnings from operation averaced J9.S.S2 per mile of line. This average is J757 larger than the average as shown in the complete report for 1902. Of the gross earn ings per mile of line, .,525 were as signable to the passenger service and JC.630 to the freight service. The operating expenses of the roads to talized J1.24S.520.-IS3. This aggregate is equivalent to nn expenditure of $6,197 per mile, or of J620 more per mile than was shown In the complete returns for 1902. The net earnings thus shown for the year 1903 were JC41.C30,196. Those of -s-entlally the same lines for the year 1602 were J607.547.926. On the same mileage basis the net earnings aver aged J169 more per mile for 1903 than for the previous year The total net Income of the roads included In this advance report was J93.07S.23S received as income from corporate investments and miscellan eous sources. The aggregate or the deductions from income was JC43. 546.723. , The principal Items comprised In these deductions were Interest on funded debt, rents of leas ed lines, permanent Improvements charged to income, taxes (which were J52.960.OO4). and dividends. The re sulting surplus from operations was J91.162.712. The full reorl for 1902 showed a surplus or J94.S55.0SS. The dividends declared during the year ending Juno 30. 1903. by the rail way companies for which returns ap pear In the preliminary rcivort amounted to J159.310.010. This sum exceeds that representing the divi dends of corresponding lines for 1902 by J9.5S9.700. . It should be understood that the preliminary report, being compiled fmm th. returns of oncrattnc compa nies only, does not Include any state ment of" the dividends that are de clared by those subsidiary companies which have leased their property to others for operation. The Income of these companies Is almost wholly derived from me ren tals which they receive from their lessees and from which they make their own Corporate expenditures, in cluding dividends. The lessor com panies distributed as dividends among taelr stockholders In 1903 probably about J35.000.O00. ORIENTAL TRADE. MAY ASSESS ASPHALT STOCK. Suit to Bring $30,000,000 Corporation to an Accounting. Trenton. Js J Doc. 22 -He-ore Judge Klrkpatrlck, m the Vnited States circuit court, today, argument ' was heard on the application df the Land Title and Trus. company l I'hl.adelphla for nn order directing Henry Tatuall to collect an assess ment of SO per cent of the par value of the outstanding stock of tbo as phalt Company of America. The suit is brought by the trust rntniianv as trustee for the bond holders of the Asphau Company o: ' Tlmrn nrn outstanding . honds, -with Interest, aggregating i about J2y,U00,UlH. It is cnargeu urn ' only about 20 ier cent of the amount i ,,i,ihi,h nr the J30.000.000 of the stock of the company was ever re- l,-,l Innrlnr J24.UUU.UUU. WIHCI1 is claimed stockholders have never paid In. Important Notice. Every dollar paid before 5 p. m.. December 24th, entitles you to a ticket. This means on account, as well as cash purchases. The Peoples Warehouse. Harriman Agent Returns from Traffic Hunting Tour in the Orient, Ben uampDeu, assistant iramc ii rector of the Harriman lines on his I return from the Oneiu. iu an Inter view with the Oregon Tlmbcrnian regarding the outlook for the expan-: Eion of Pacific Coast trade, more es pecially in lumber nnd Hour slnu ments. does not trke a very optlims- ' ti' view Mr Campbell says from what l.e could lear. the timber In the Talu rher district embraces a large terri tory and Is adapted for many or the purposes Pacific Coast lumber is now being used. "Labor Is cheap." says Sir. larni. bell, "and the JtUBsians are bending their energies to develop their lumber ', resources, ami with good prosiH-cts of ultimate success. In Central Si beria there are enormous stretchex of land perfectly adapted to the growth of hard wheat The climate and soil are very sim ilar to the Dakotas and Manitoba. The Trans-Siberian railroad, which has been constructed more with a view of developing Russin's internal commerce and a military highway, rather than an Interest earning in vestment, is being used to foster and build up industries The freight charges are merely nominal In my judgment ten years from now the Pacific Coast shipments of lumber and wheat will be less to the Orient than they are today." OlvmDia Beer Olympia Ceer, The most popular Drand for family use. On draught at Anton Nolte's i He also handles the oottled beer In any quantity desired. i IN NY NEW LOCATION 1 am better prepared than ever to supply Ladies and Gents with Shoes that WEAR, are STYLISH and are a! ways COMFORTAHLE Shoes made to our own measure. Repairing a speci.ntv. A. EKLUND 128 Court Street Moved fr-m Judd b'.ork f t 8 0 i I - X'mas Presents Fi Beginning Friday, Dec. 8, and continuing until S at. lSJfp-ht. Dec. 2h ' -o i - WP WILL GIVE EACH OF OUR CUSTOMERS A CHRISTMAS PRESENT n, OF TEE PRESENT DEPENDING ON THE AMOUNT OF HIS OR Hfi FREE ! FREE! FREE! With every MaiTs Suit of Clothes a pood Hat, worth 20 per cent of ft. tin- suit I with a $10.00 Suit a $2.00 Hat, ete.l With every Boys Suit of Clothes a Hat worth 20 per cent of value of J hnv's. fi PaJ nf Cirmn ,n,.t. m . I Willi every uukui, . ' unn lujxrcsaj va'ue or me overcoat. Willi every pair of Long Pants a Pair of Sospenderi. With every pair of Shoes a Pair of Socks or Hose. With every Lady's (-'oat a Fine For worth 20 per cent of the value nfjj vwith $10,000 coat a S.uu rur, eie.j With every Lady's Skirt a nice Shirt Waist worth 20 per cent of uV, the skirt ($1.00 waist with $5.00 tkirt, etc.) To every person buying $1.00 worth or more goods not mentioned J bottle of fine Perfume, or any 25c article fiom our toilet case. THE BEST PLACE TO TRADE 1 i FMIR Pianos and Organ Christmas Presents FOR MLL For Mother For Father For Sisters Nice felt Juliets Slippers, Any of the following arti- with fur trimmings. Black cIes will tempt him to spend aest Jetse' le86,n6s, 75c and red, $1.25 . in black, red his evenings at home- A pair and 85c. felt Juliets, red, fur- and drab, $1.50 ; in black, red of those fine leather slippers, trimmed, Si. 00 and $1-251 and green, $2 00. These are with hand turned soles, rus- school gaiters, 2-buckle, 90c warm and comfortable. Jer- set and black, $t.. i.5o. and , Patent calf, welt sey Leggins, best quality, $2.00 and $2.25 ; and if he is . , . ' '1.0a Seven.button Over obliged to go out in the cold sole shoes' s,zes 10 Gaiters, 50c, 10-button over world you could fit him to a $2.50 . 11 J to 2. J2.75 2)4 gaiters, 75c. Storm Rub- pair of those warm 4-buckle to s'A, $3 00 Crocheted bers, best grade, 50c. Cro- arctics at $2 25, or a pair of slippers, all colors $1 00 to cheted Slippers, all colors, cloth top storm rubbers for $1.00 and $1.25 $1.00. 5" For Grandma For Grandpa For Any Member Nice warm felt slippers. Get him a pair of those of Family lace shoe, $1.50 and $200. they 11 cost you $1.25. or a me js s0 complete that the Also a common sense kid pair of felt slippers at $1,50 correct thing for each one . an ShpPe'''5a nd,.7S. be ,ound. For the Boys For the Baby Nice kid slippers, sizes 11 We have those cute tiny t . , little shoes, with patent vamp o 21 S115; z)i to 54, Ji 25. . f J; J in pink, blue, white and drab r leather leggings, $1 25. lops. It will be a pleasure for us to help, you make your Christmas selection! Dindinqer, Wilson &Cp. Grood Shoes Oiieeu-p Extraoii araams I am back to my old stand on Alain street near bridge and have inaugurated A GRAND HOLIDAY SJ And extend to one and all an invitation to call and im igate my money saving offers. You'll find it no idle boast I say that you will find this one of the great opportunity get a Piano or Organ at a price that will work an epoc your life's economy. Such chances to get a Piano at such prices as we 1 during this holiday sale do not come than once. Consider fact that we handle Packard, Hardman and Fischer V' - 4. 1 1 . . . .... I Urn a PfCV vl Munuuru 01 excellency in piano Dunaing, anu im is recognized as the peer in organs. ST.ATIfiHTPP QAT.F. ofRugs,Art tiers, La Curl tings Window Shades and Window Poles. Four Velvet R" worth $25 and $30 for only 20 each. Arabian point lace curtains from $4.00 up. The shades 5o cents, Good oil opaque shades 25 cents, Large l"88 pictures almost given away Steam dressed Feathers and. Pillows.. A few more tresses, best made. Don't get confused, I am back at my u sWW 0 A JESSE FAIL 901 Main Street' Near I