Evening Republican, Volume 14, Number 47, Rensselaer, Jasper County, 24 February 1910 — Rensselaer Boy General Manager Of Lake Shore Electric Ry. Co. [ARTICLE]

Rensselaer Boy General Manager Of Lake Shore Electric Ry. Co.

A copy of the annual report of th© Lake Shore Electric Railway Company, of which Fred W. Coen is the Vice President and General Manager, has reached this office through the courtesy of Mr. Coen. The road has lines between Cleveland and Toledq, Ohid, with several short lines to take im towns where there was a prospect of good business. The report is pri-. marily a financial one, although it shows a number of things of interest relating to the new equipment installed within the past year, the road improvements, etc. Mr. Coen’s headquarters are at Sandusky, about midway between Cleveland and Toledo. The road has a total mileage of 170.13 miles. The total cost of construction and equipment was $13,578,303.86. During the year just Closed the gross earnings of the road were $919,612.92 and the operating expenses $497,331.29, making the net earnings for the year $422,281.63 or less than 4 per cent of ttfe liabilities. With the exception of 1908 the road has shown an increase of business and an increase pf earnings based on the comparative cost of operation each year since 1901. Mr. Coen, who is one of the most active officers of the company, is the son of William £■!. Coen, a brother of C. W. Coen, and is a sample of the selfmade man. Hte graduated from the Rensselaer high school in the class of 1890. He has worked bis way up from the bottom in the company 'of which he is now the vice president and general manager.