6 REPORT OF THE PANAMA RAILROAD COMPANY.

In October, 1909, Mr. H. J. Slifer, general manager, resigned, and
the office of general manager was abolished and that of general super-
intendent created, to which Mr. J. A. Smith was appointed and duly
authorized.

Respectfully submitted.

Gro. W. GoETHALS, President.

PanaMA RartLRoAD Co.,
New York, N. Y., October 28, 1910.
Col. Gro. W. GOETHALS, |

. President Panama Railroad Co., New York, N. Y.

Dear Sire: I have the honor to submit herewith the financial
exhibits and results of the company’s operation for the fiscal year
‘ending June 30, 1910, with statistical tables and explanatory com-
ments thereon.

Gross revenue receipts, expenditures, and net earnings for the
year ending June 30, 1910, CDE as under, with the year ending
June 30, 1909:

. Earnings
Earnings. Operating over operating
expenses. expenses.
DLO icra esse a ai cents ee ee unas $6, 100, 788. 83 | $4,358, 426. 92 $1, 742, 361. 91
OOO sce see e Sn Bae ik cee Poa. eee eee al 5, 715, 517. 16 3, 699, 678. 60 2; 015, 838. 56
Increase in 1910. see oe oes eae eee oun ee 385, 271. 67 G58) (485325 | eros eee
Decrease iNoLOlO ose ee ee Ca en | ena nore abate Hoan necator Se 2738, 476. 65
HARNINGS.
RAILROAD.

_ The total earnings of the railroad from all sources show a decrease
of $43,099.57, or 1.01 per cent less than the previous yea This
decrease i in revenue is divided as follows, viz:

Amount. Per cent.

 

DECREASES.

marotieh commercialireightiz. soccer ee es Pecos $63, 290. 70 4,93.
ocal Isthmian Canal: Commission treightess. 22. oe oe ss ie es oe 173, 914. 64 19.16
237, 205. 34 10. 82
INCREASES. ?
Passenger eee (including mails, baggage, treasure, and express) .......- 69, 975. 76 7. 86
Local commercial freight.......-.-...---------- eles Suis cosa rate Cate aesre 38, 619. 29 10.19
e Muscellaneous Carnings.s. sis ot Soca ass ce swan es eta as cere ac 85,510. 72 10. 61
194, 105. 77 9.35

Net decrease. 2: .cs 0... Sanaa’) Se ocd’ s Ves ine Rie nemo ar: 43, 099. 57. 1.01