. The Street railway journal . ock isworth 10 cents on the dollar, Evansville & Terre Haute Companyshould write off at least $1,800,000 from the value of its assets inorder to exhibit the true condition of the property. The total profit and loss surplus on June 30 last, was $1,475,000,so that if the company were to write down its holdings of Evans-ville & Indianapolis stock, to represent its actual value, it wouldshow a deficit to profit and loss of about $300,000. This in itselfwould be a very good reason for suspending dividends on thestock. No doubt the carrying of the stock on the books at
. The Street railway journal . ock isworth 10 cents on the dollar, Evansville & Terre Haute Companyshould write off at least $1,800,000 from the value of its assets inorder to exhibit the true condition of the property. The total profit and loss surplus on June 30 last, was $1,475,000,so that if the company were to write down its holdings of Evans-ville & Indianapolis stock, to represent its actual value, it wouldshow a deficit to profit and loss of about $300,000. This in itselfwould be a very good reason for suspending dividends on thestock. No doubt the carrying of the stock on the books at par is thematter to which reference has been made as constituting irregu-larity. The stock has been so carried for many years, con-sequently there is nothing new in the situation from this point ofview. It is, however, clear that before paying any more dividendsthe management ought to write down its assets something ap-proaching their proper value. STREET RAILWAY JOURNAL. 542 STREET RAILWAY JOURNAL. [Vol. XIX. No. MHY 3, 1902. PUBLISHED WEEKLY BY THE STREET RAILWAY PUBLISHING COMPANY Main Office: NEW YORK, Engineering Building. 114 Liberty Office: Monadnock Block. Philadelphia Office: 929 Chestnut Street. London Office: Hastings House, Norfolk St., Strand. Long Distance Telephone, New York, 4044 Address, Stryjourn, New York,—Liebers Code used. TERMS OF SUBSCRIPTION. Single copies, first issue of each month, 35 cents; other issues, 5 cents. In the United States and Canada *00 per annum To all Countries outside of the United States, Canada and J { m Subscriptions payable always in advance, by check (preferred), money orderor postal note, to order of C. E. Whittlesey, Treasurer. Entered as second-class matter at the New York Post , 1902, The Street Railway Publishing Co. NOTICE. Papers and correspondence on all subjects of practical interestto our readers arc cordially invited. Our columns are always openfor the dis
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
