Evening Republican, Volume 14, Number 227, Rensselaer, Jasper County, 23 September 1910 — Monon Railroad Shows Increased Earnings For the Past Year. [ARTICLE]

Monon Railroad Shows Increased Earnings For the Past Year.

■ Stockholders of the Chicago, Indianapolis & Louisville railroad company, at their annual meeting, held Wednesday in the Board of Trade building in Indianapolis elected Adrian Iselin, Jr., of New York, a director to fill the vacancy in thei board due to the recent death of I. G. Rawn, of Chicago. Mr. Iselin is president of the Buffalo. Rochester & Pittsburg railroad and at the head of the banking firm of A. Iselin & Co., of New York. Reports on the financial condition of the Monon showed the net earnings during the year to be $2,072,106.58, an increase of $406,500.18 over last year. The .reports, which were approved, showed the gross earnings for the year were $6,020,241.92, an increase of $700,855.67 over the preceding year; that the surplus for the year was $861,580.41, an increase of $358,693.83; that the taxes were $268,653.94; that the operating income was $1,803,452.64; that the increase in the operating revenue was $398,660.89; that income from other sources amounted to $237,354.88, making a total gross income of $2,041,407.52, from which were deducted fixed charges aggregating $1,179,827.11, leaving $861,580.41 as the surplus for the year. The total operating expenses were $3,948,135.34. Speaking with regard to the report, Fairfax Harrison, president of the company, said it was the best showing on gross revenue that the company had ever made. The officers and some of the stockholders are going over the Monon on an inspection tour. A meeting of the directors of the company will be held in New York within two or three weeks and officers will be elected.