. Electric railway journal . year, as compared with thetwo preceding years: Year ended Dec. 31. 1906. 1907. 1908. Gross earnings for year $1,703,340 $1,909,061 $1,890,473 Operating and taxes 1,006,842 1,095,755 1,086,424 Net earnings $696,498 $813,306 $804,049 Applied to payment of interest on bonds and collateral trust notes 483,174 513,242 526,532 Available for companys uses $213,324 $300,064 $277,517 Dividends on stock 158,778 i34>i5 Surplus $99,797 $141,286 $143,366 Average mileage in operation 200 207 214 Gross earnings per mile $7,885 $8,556 $8,168 Net earnings per mile 3,115
. Electric railway journal . year, as compared with thetwo preceding years: Year ended Dec. 31. 1906. 1907. 1908. Gross earnings for year $1,703,340 $1,909,061 $1,890,473 Operating and taxes 1,006,842 1,095,755 1,086,424 Net earnings $696,498 $813,306 $804,049 Applied to payment of interest on bonds and collateral trust notes 483,174 513,242 526,532 Available for companys uses $213,324 $300,064 $277,517 Dividends on stock 158,778 i34>i5 Surplus $99,797 $141,286 $143,366 Average mileage in operation 200 207 214 Gross earnings per mile $7,885 $8,556 $8,168 Net earnings per mile 3,115 Ratio of expenses to earnings 59-n 57-4° 57-47 March and June dividends for 1908, 54 of 1 per cent; September andDecember dividends for 1908, lA of 1 per cent. From the surplus for 1908, shown in the foregoing, therewas deducted $112,007 on account of depreciation, recon- Oafe /years)/S99 1900 /90/ /9oe /903 /904 /9os\ /joe I /S071 /90a .Gross /rnvmis; ^xjpff/ise, 1 —— a/?c/ Si/rp/t/s~~-V<339 /<? /SOS. /, c/.60000O/, 700 Cog/600,000 /Socoeo 1400,000/30000C Chart of Earnings of the Northern Ohio Traction & LightCompany struction, etc., as compared with a similar charge in thepreceding year of $100,000. The final balance sheet sur-plus as of Dec. 31, 1908, was $782,942. The condensedstatement is supplemented by details of earnings and ex-penses. The gross revenue derived from freight amountedto per cent of the total gross earnings from all gross earnings include $66,657 from parks, repre-senting per cent of the total gross revenue for the year. The total expenditures for maintenance of equipmentand of way and structures amounted to $247,762, which isequivalent to per cent of gross earnings, or per cent of the operating expenses. The following table shows the earnings and expenses in detail for three years: Earnings. 1906. 1907. 1908. Passengers $1,449,900 $1,645,864 $1,623,070 Light and power 126,249 137,921 142,544 Car m
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