. The Commercial and financial chronicle . zation of investments. Depreciation 57,051 Officers salaries 60,597 Employeessalaries 146,686 General expenses — 156,204 Organization expenses ,223 $2,158,581$218,566 $202,200 Total deductions $872,987 Net income $1,445,935 Interest on debenture bonds $664,200 Dividends on outstanding stock of subsidiary companies-- 16,589 Amount written off securities to bring them to present markt val. 66,309 36,109 44,305 126,121 156,517 87,468 $735,394 $1,704,828 $552,000 8,512 20,090 35,047 66,009 178,581 193,984 ($820,826$1,337,755 438,385 £?• Surp
. The Commercial and financial chronicle . zation of investments. Depreciation 57,051 Officers salaries 60,597 Employeessalaries 146,686 General expenses — 156,204 Organization expenses ,223 $2,158,581$218,566 $202,200 Total deductions $872,987 Net income $1,445,935 Interest on debenture bonds $664,200 Dividends on outstanding stock of subsidiary companies-- 16,589 Amount written off securities to bring them to present markt val. 66,309 36,109 44,305 126,121 156,517 87,468 $735,394 $1,704,828 $552,000 8,512 20,090 35,047 66,009 178,581 193,984 ($820,826$1,337,755 438,385 £?• Surplus- $765,146 $1,144,316 CONSOLIDATED BALANCE SHEET. $899,370 ? ? S- 2905.[Assets— S S Real estate 28,495,353 ,936 Less underlying mortgages 13, 12,395,000 Equity 15 Loans on mtges 4 Seeur. in realty cos 5 Other securities .-1, Plant, &c -- Expendit. on con-tracts in protjrss Proportion ot pro-fits on Accts receivable-. 1 Unexpired Casli Good^viU are ll^ .....,? . Total Apr. 2905. LiaMliiies— S S Stock 16,162,800 16,155,300 Stocks o£ subsidy companies 876,900 Debenture bonds. 13,284,000Bills payable 2,650,000 Current & taxes accrd and rents rcceiv. in advance Rent deposits Reserves Unrealized profits account, 974,300 13,284,000 ,000 91,112 668,032 Surplus. ,462 421, 181,934 34,906,373 Total 37,181,934 34,906,373 z Good-will of subsidiary companies of U. S. Realty & Improvement Co., being thedifference Ijetween the cost value ot the stocks ot such companies and the book valueof the net ^assets owned by them at the time of acquisition. ..-, • • ^-^ Nole.—In addition to the above the company has contingent liabilities in the lormof contracts to make various loans and mortgages to the amount of $2,975,010. Itmay be called upon also to pay stock subscriptions to the amount ol $1,926, payments are made on account of a
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