M &M ' l B." KT . & ir &' tr fcfcv Rtf k'Mt P ' I' B K Si. (mkim m WAte o vivormer Commandant at Phila- ',f delphia Navy Yard Will Di rect jPignuiiK vjiait - ., it "" u" Ik,?'' sgafaBsBssssssssssssssfl T v 'NsssssKsssssssssssssaW 4'iv V . '"Bsamf"""""""" . fc XI 'n .ssssssssssssssssssssa. v :. . -dssssssssssssssssssssm I sssssssEsssssssssssBBBaaaaaaaaaaaaaaaaaH I JS , Vmmmm wmmm ommmmmmmmmjk ADMIRAL WILLIAM S. BENSON . X Admiral "William S. Benson, who Is re garded as a PhtladelpKhin because of his Ions stay here as Commandant of tho Navy Yard, will direct Undo Sam's fighting forces Jn the sea battles with Germany. He gave orders on tho day that war was sectored which sent 40,000 men Into action. Ai'rfilef of operations and president of the General Board of tho Navy great respon atblllty will rest on his shoulders during the present conflict. During: the many years that Admiral Bemon was stationed here ho won hosts of friends. He not only Improved the Phlla 'delphla Navy Yard to a very high degree but became a loyal Phlladelphlan In every tense of tho word. Vhen the Evenwo LspaEn. revived In- , terest In the subject of high-speed transit and entered Into the fight for a system ''advocated by former Director Taylor, Ad miral Benson gave valuable and practical co-ooeratlon. In tho case of tho Broad Street subway ho realized immediately the necessity of connecting a high-speed lino with the navy yard. Ho found through Investigation that tho present surfaco lines lost considerable time In carrying men to the yard and also caused them no end of Inconvenience. Admiral Benson also realized that a speeJy under- , rround line would be of great value for tho quick mobilization of men at the yard. With the former Transit Director he ad dressed several meetings In this city In which he pointed out the necessity for the high-speed system at the ettr!16st possible moment Incidentally, he won a host of supporters for tho plan. The Admiral, who Is sixty-two ycari old, has a record which warrants his selection for the Important post which he now oc cupies. In demeanor ho fs Just the opposite of what the average person would picture. He Is quiet and unassuming. Nevertheless one can detect determination behind his genial attitude. He entered the Naval Academy shortly after the Civil War and his first ea duty was as Junior officer on the old Hartford. 'which was then the flagship of tho South Atlantic fleet. He served a short period on the Essex and was then sent to the Brooklyn Navy Yard, where he remained until 1883. It was there that hlx nrnirnto Judgment and efficiency first attracted at tention. He was ordered to Join tho Greely polar relief expedition and on his return was made a captain. In 1890 ho was as signed to tho dispatch boat Dolphin, on which he made n tour of tho world. Sub sequently ho wns sent to tho Naval Academy as an instructor. He inspected thema terial for the first modern sea fighters known as the "white squadron." Admiral Benson also served In the Hydrographlo Office as an Instructor In naval architecture and has been in command of many of tho modern battleships. At all his posts ho showed superior ability. Admiral Benson became commandant of the Philadelphia Navy Yard on August IE, 1911, when ho was a captain. He was x strong advocate of the movement for a deeper channel" In the Delawaro and did mUch to Improve the standing of tho Phila delphia Navy Yard generally. He was promoted to his present post on Juno 5, '1915. Admiral Benson's office Is a bare rooiVi," with tho exception of a largo flat-top desk, in tho State, War and Navy Building In Washington. Ho may be found at his post almost any hour of tho day or night it 'y i H.. rt HW He a- -- r QNE suggestion in the April issue of Beck's Bulletin may mean a new Sales-idea to you. IClvartnes Beck Co. L , Paper for All Kindt of. :ibUQ. Uood "Printing gtUEk.609 Chestnut Street Philadelphia I Winn in ;'' It UEatier To Keep Well Than pet Well Put your v liver right by j f using t BEDFORD ,. y MINIMAL ; MKTER For Kidneys, Liver and Stomach ' Bottled at Bed- j (ford Springs, Pa., u famous Bince 1804. Sold by drueeiats .(' and grocers. Ask s. youra or write us. Bf4for4t8tat O- L& J wmmmamuurw' ! I r 1 FT7"! itmer Column "THEYEATl" Dearies The teacher of the Infant class in a certain Sunday school was talking to the children about spring, and when she ashed, "When the little birdies awake In the morning, what do they do?" a little boy answered: "THEY EAT I" Why do you .suppose the tlttlo BOY should have "said that? Of course, the !.mflrer ,,nou8ht ha children would answer, "They sing." But the little boy had his own Idea, and he did not wait to tell what HE thought about It I want to ask If you will write and toll me what Is tho first thing YOU do In the morning? The first thought you have each day Is tho rudder of the day. That Is what I think, nnd NOW, what do YOU think about It? Your loving editor, PARMER SMITH. STRANGE ADVENTURES OF BILLY BUMPUS "THE SKY JHRD" LIGHTS By Farmer Smith reter Duck and Baby June had been the first to seo the strange thing which was flying so high In the sky then Mr. Jay Bird caught sight of It and started his shrill cry which startled all the other birds. Next Billy Bumpus had been attracted by the strange noise up In the sky and had run In to tell his wife about It and when he reached her side he was so out of breath from running that he merely told her and dragged her out of the house and pointed up In tho sky. "I.-o-o-kl" waB all Billy could say. Mrs. Bumpus cocked her head on one side and squinted up at the great thing which was coming nearer and nearer all tho time. "W-h-a-t Is It?" asked Billy, who had gotten his breath by this time. "I thlfflc It Is something 'to cat," sug gested Mrs. Bumpus, thinking to please her husband. "Nonsense It's a new kind of bird. It may be ono of those war birds I have been reading about In tho Goatvlllo News." Billy looked proudly at his wife. "Sure enough, how bright you are!" ex claimed Mrs. Bumpus, leaning over and kissing Billy. ''Don't, DON'T. You are In my light" It seems to mo that sometimes when I try to be kind to you, you are too busy to let me be kind," said Mrs. Bumpus, In a sad tone of voice. "That's the way In this world some people try to be kind at the wrong time. But say, what If that war bird would drop one of those horrid bombs?" Mrs. Jay'BIrd shuddered. "Let's get over there under that tree and see If we can't make out what the thing Is?" suggested Billy. In tho meantime Mrs. Jay Bird Insisted upon her dear husband going and getting something for the babies to cat. Tho poor fellow was so excited ho had forgptten all about the feeding the llttlo denrs. He soon disappeared, and In no ttmo had robbed another bird's 'nest and was flying home with one of the eggs for his babies. Just as ho got over where Billy and his wife were, he turned to look at tho whirring thing In tho air and POP! He dropped the egg right in front of where Billy was walking! "It's a BOMB!" shouted Mrs. Bumpus, a- she started to rim. .Billy was not-going to lose his life, so ho took one good look at the "bomb" and then turned to run. But before he had gone very far he turned and looked once more. "I hae seen some thing like that before," ho said to himself, going closer. "Why!" ho exclaimed. "It's an EaQ!" With that ho lost no time In eating It "Oh, my. poor Billy!" whined Mrs. Bum pus, who waB standing on the step? of their home, wringing her hands. "My poor Billy has eaten a bomb and will surely be blown up." By this timo Billy Bumpus was trotting slowly toward home. "Oh, Billy If you MUST blow up, don't blow me up with our llttlo home!'! shouted Mrs. Bumpus, "Pshaw, 'fraldle, that was an EGG," said Billy, licking his chops with hli tongue. "LOOK!" Billy turned quickly. Just in time to see the war bird descend to tho ground. Then he turned and ran toward it as fast as his legs would carry him. y S'VSn it' "2r i.'' .. . t LEATHER. BELTING if Year after year our belting has stood the. severest teat that could ba applied it has proven its sterling worth and long service. Everything in Mill Supplies 1 CHABLEA isfc MrQ company! rkszowv THE man of affairs has little time to devote to-thou'ghts of dress. Yet his posi tion demands that he be faultlessly attired. We take pride in the fact that most of Philadelphia's lead ers put uiemseives entirely in our hands when it comes to matters sartorial. We have lone served the men who have made Philadelphia what it is. nnd it is our earnest de sire to serve those who will make i'miaaeipnia what it will be. We feel particular graulicauon wncn aaa ine the younger Phila Hoinhfa. leaders to the list of our regular patrons. HUGHES .AND 'MtJLLSER' Tallow T. DE WITT CUYLER President of the Commercial Trust Company of Philadelphia, who will be head of the Department of Sani tation and Medicino in the State Defense Committee. RAIL "REPEALER" IN SENATE r 1' ? .-,, , 0 HX WELL AT KEITH'S Excitement of Forest Fire Soothed' by Mack & Walker nd Others Patriotism Runs High Full Crew Amendment Gives Service .Board Discretionary Powers HAnRlSBURO, April 10. The railroads' "repealer" of the full crew act of 1911, which was passed by the Legislature of two years ago and then vetoed by Governor Brumbaugh, was introduced In the Senate today. .. The measure la not an outright repealer. 14 Is in tho form of an amendment to the full crew law. and gives the Publlo Serv- ! Ice Commission discretionary powers In reg ulating uie size of train crews. The officials of the railroads operating In Pennsylvania profess confidence In their ability to convince the Governor that the full crew act of 1911 haa not worked fairly to them, but the general opinion prevails at the Capitol that the Governor Is likely to veto th new "repealer" If the Legislature passes It Melodrama "came back" at Keith's last night nnd "came back' with a bang several of them. But there was some thing else. Tho entire gamut of tho emo tions, . from tense anxiety and Jolty laughter on to patriotism, was stirred by the actor folk. Beginning with a good Imitation of a patriotic demonstration, the program led through bno of the cleverest bills presented In a long time to a melodramatic plot with a forest fire rescue as a climax., "The Forest Fire" stands first because It was the most elaborate and spectacular production and because the presentation marked the return of "good old melo drama" to Keith's. The rescue of Jean, the telephone operator (Sylvia Btdwell), by Judd ht thrilk to' found' the biasing tlmberland and lh puf fing locomotive very realistic. Brownie Biirko, as Murphy, a river boy. was good, Wilbur Mack with Nella Walker In his "A Pair of Tickets" showed a clever sketch, abounding In bright sayings that brought many laughs. A prominent part In the ludicrous situations was taken by Albert Hockey, a Phlladelphlan, whose piano play ing also was greatly appreciated by the audience. Craig Campbell, tho tenor, made a splen did Impression and also brought disappoint ment, when he dodged an encore. His rendi tions of "Good-by" and "My Aln Folk were excellent. "Plain Joe" Towlc, one of the threo first appearances," who had no property save a piano and a beer barrel, receUcd the laurel wreath of the most laughter and npplause, His "peculiar" monolog was what vaude vllllans call a "riot" The other newcomers, who also became Instantly In high favor, were Frank Hale nnd Signa Patterson, dancers, with their orchestral sextet, and Virginia Lewis and Jean White, "Just two girls trying to get along." The dancers gao original Interpretations and were stanchly supported by the, Boxtet. which Included John Alessandro, whose "O Sole Mto" was one of tho brightest spots In the evening. Two exceptionally fine voices that blended HllllllllllHIIllllll Stop suffering from Bright' Disease, Rheumatism, Gout, Diabetes, etc. DRINK Mountain Valley Water Pure, UuUleua delightful table water Let ns Mnd ou letters howlag what It hss 4oss for ether PhludelpbUos. Call, write or vhone. SAMPLE IT FREE AT 83fl45?,M, 718 Chestnut St DH1HU Walnut S4T Hk39E7!R iiiiliiiiiiiiiiiiiifiiiiBMiii tK n dHeffSSi 0S1MNM sMM showed 'finish in their clever nsnsrHUe' and Scotsman's hornpipe. Ths GatrasmtdU and their, tumbling Spanish poodles were good. Tho program began and ended with pa triotic motion clotures that brought- rat tltng Applause. Marching soldiers, war. ships, preparations for war and tho Stars and Stripes made up the Pathe prologue. The epilogue was "The Wings of Death," the thlreeenth episode of "Patrla," with Mrs. Vernon Castle starring. "My Honolulu Girl" Cross Keys Up-tO'the-mlnute songs and dances, pretty girls and picturesque scenery combine to make "My Honolulu Girl" a worthy feature attraction at the Cross Keys. Alice Berl, Charles J. Berkhardt, Bella Belmont and others appear to advantage In their re spective parts. Tho act won many laughs and an abundance of apptause. The latest thoughts of the day wete pre- IntsmeAlssl. tb last half vtemWmf "Oh,- Doctor l" ,,' musical comedy taJMetaV Easier week" bill at the' lines are clever, and ths cast up to ths minute. Another attraction which : applause was "Seven Little'' company of talented invenjleev- rounomr dim inciuaca bow blackface comedians: Harrk singers and comedy boxers,. 1 Salores In a combination t dancing and acrobatics. f Genevieve Hamper in r was me teaiure mm. v mere win oe a complete Thursday. , sjiiiihiii imiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiwiMirtinsH MORE than half a century of successful cigar making finds its fitting cli max in Henrietta r ADMIRALS 0 Eisenlohr's Masterpiece 10 Straight Otto EUrabsr OBracUieerpotsttd. rV'3 I R, ml v T: f""' Illlllllllllllllllllllllim lliesinillllTPT niiiiimiini IITIIBSIIIIIIIUIIIIIIIIIITl UNITED LIGHT AND RAILWAYS COMPANY REPORT FOR THE FISCAL YEAR ENDING DECEMBER 31st, 1916 To the Stockholders of the United Light & Railways Company: The Directors submit this Annual Report for the fiscal year ended December 31st, 1916. . The Statement of Earnings and Expenses of tho United Light and Railways Company and' its Subsidiary Companies for the Year is as follows: SUBSIDIARY COMPANIES. Gross Earnings (Including 9H,644.64 being Inter Com- pany business) $6,585,773. 3 J Operating Expenses, including Maintenance and Taxes ....,, (Including J914.C44.64, being Inter Company charges).... 4.2111.386.15 TCAt FjimlneB. fluhftldlarv Comnantes Interest and Dividends on Subsidiary Companies' Bonds, Preferred Stocks and Notes: To United Light and Railways Co , To the Public $2,666,393.18 $477,642.44 912,870.64 1,390,513.08 Net Earnings on Stocks Subsidiary Companies '1,27,5i2'12 Net Earnings due others than United Light & Railways Co.. . 18.389.es UNITED LIGHT AND RAILWAYS COMPANY Earnings available on stocks owned by United Light and Railways Company $1,257,490.4- Dividends and Interest Receivable (as per detailed Revenuo Account annexed) 489,428.13 Miscellaneous Earnings (as per detailed Revenue Account ....,. annexed) 171.502.75 GROSS EARNINGS United Light and Railways Company. .$1,918,821.30 Expenses IX?,12SSX , . J, 21.462.29 F908.14 Taxes, General and Federal NET EARNINGS United Light and 'Railways Company. ...$1,771,913.16 Interest on First and Refunding 6 Bonds 403,7-3.88 BALANCE . Interest on Interest on Three and Five Year Bond Secured Notes ". Interest on Commercial Loans Ten Year 6 Conertlble Gold $1,368,189.28 $ 7,262.49 135,000.00 32.653.97 174,916.46 BALANCE AVAILABLE FOR DIVIDENDS $1193,272.82 Dividends First Preferred Stock 6 595.79-50 SURPLUS EARNINGS G97.4fc0.32 Note The amount of $0.14,644.64 Included In tho Gross Earnings and Operating Expenses of Subsidiary Companies represents Inter Com pany transactions; of which $288,185.87 Is for Electric Power sold to Subsidiary Railway Companies. From the Surplus, $298,353.78 was credited to the Deprecia tion Reserve (of which the United Light and Railways Company s Expenditures made for construction were largely in the nature f natural extensions of Gas, Electric and Railway service, due to :he growth of the communities served, and in some cases complet .ng work started in the year 1915. The properties of your Com pany arc in good physical condition and in many instances addi tions made to Central Station Equipment have provided consid erable reserve capacity. Hof'ver, further exrj-adltures will be necessary on the Central Stations serving the Tri-City Railway nd Light Company properties, due to the rapid growth of the :ommunities and the demand for service. On November 1st, 1916, your Company issued and sold $1,500,000.00 of Wo Convertible Gold Debentures. These Deben tures become due on November 1st, 1926, and are convertible on md after November 1st, 1918, up to and including November 1st, 1923, at the option of the holder, into the First Preferred Stock )f your Company at the rate of 11 shares of Preferred Stock for each $1,000.00 of Debentures. The proceeds of the snle of the Debentures have been used to retire a large amount of bonds of the underlying companies, which were falling due, and the balance has been used to cancel all of the floating debt of the Company and to refund the Company's Treasury for construction expendi tures made on the properties 'of the subsidiary companies. As will be noted from the Balance Sheet annexed, your Com pany has no floating debt and has substantial working balances. 'VM 'i ' m "4(2 proportion pro ratea on its siock noiaings 01 ouosiuiiuy v,umv."" is $292,859.31) and in addition tho Subsidiary Companies expended aaila -fny MnintonnTipn nn ndditinnnl sum of S432.112. (9. ..,v.,.ii rims nhnrrerl riirectlv to Orjeratin? Exncnses: making the total expended or set aside for Maintenance and Depreciation of property $730,466.57, or over 12 of the Gross Earnings received from the sale of Gas, Electricity, Heat and Transportation. The Operating .Expenses of Subsidiary Companies include $295,431.38 accrued for payment of General and Federal Taxes, an increase of $34,057.56 for the fiscal year, and also substantial increases in wages paid to all classes of Employees. There were outstanding in the hands of the public on Decem ber 31st, 1916, the following amounts of Bonds, Notes and Stocks of your Company: First and Refunding Mortgage 6 Bonds $8,451,600.00 Convertible Gold Debentures, due Nov. 1, 1926 1,500,000.00 Three-Year Bond Secured Notes due Jan. 1, 1918 760,000 00 Five-Year Bond Secured Notes, due Jan. 1, 1920 9,983,400 00 First Preferred 6 Stock !'2SM22-22 Common Stock - ,....;...j., 6,900.000.00 Following the established practice of your Company, it has acquired during tho year, in exchange for its securities, or by pur chase, large amounts of the outstanding preferred stocks and bonds of its subsidiary companies, and in the very near future (April 1st, 1917), the entire issue ($257,500.00) of the bonds of the Citizens Railway and Light Company will be retired. The continuation of this policy will result in the gradual elimination of all subsidiary company stocks and bonds. The proportion of Bond and Stock Issues of Subsidiary Companies owned as of December 31st, 1916, can be ascertained by a review of the annexed Consolidated Balance Sheet. Through Sinking Fund operations, additional bonds of the Tri-City Railway and Light Company, Citizens Railway and Light Company, Iowa City Gas and Electric Company, Peoples Gas and Electric Company and Chattanooga Gas Company, were purchased and cancelled. The total par value of Bonds and Preferred Stocks of Subsidiary Companies acquired or cancelled during the year was $2 232,100.00. There were also retired Certificates of Indebtedness and Car Trust Notes of tho Cedar Rapids and Marion City Rail way Company and Grand Rapids. Grand Haven & Muskegon Rail way Company in amount $10,091. ' i The srross business of your Company in all departments shows a substantial increase, but, duo to the increased cost of materials and wages involved in operation, increased general and federal taxes, and to material reductions made in gas and electric rates, the net earnings, while satisfactory, do not snow such a large pro portionate increase. The gas sales in cubic feet for the 12 months ended December 31st, 1916, were 1,439,979,800, an increase of 70,975,100, or 5.187. Electric sales in kilowatt hours were 110,501,901, an increase of 17,225,888, or 18.47; while the revenue passengers of all classes carried on the railways were 38,013,075, an increase of 4,484,082, or 13.37! Below Is a Comparative Statement indicating the sources of Revenue, both Gross- and Net, and the percentage each class of service bears to the total. GROSS EARNINGS: Gas,..;. Residuals Railway City Unei Hallway Interurban Heat .. Miscellaneous tt.l?S I 1916 .$1,353,805.11 92,709.05 , 2,587,469.39 . i;806,m.76 868.S01.09 86.215.18 9p.770.76 0f Total 19.66 1.35 37.58 26 23 12.61 1.25 1.32 1915 11,318,922.65 122,934.76 2,322,983.63 1.599,469.62 791,361.75 81.004.4S 72,109.85 Of Total 20.91 1.95 36.8 25.35 12.55 1.28 1.14 TOTAI i NET EARNINQSl Gas ,..,...,..,... ... ..$ 664,160.03 Electrlo .....;.......... 1,152,646.23 Railway City Lines 671,968.49 Railway Interurban 300,693.10 Heat ...............,,..i 10,745.22 Miscellaneous , 66,180.11 .w ' 1 TOTAU 3,SS,I3.1S 100.00 $6,88579.33 100.00 $6,308,776.61 100.00 21,16 43.22 21.45 11.28 0 2.49 $ 611,353.85 1,101,701.69 439,867.92 254,143.90 19.732.51 t 54,714.49 24.64 44.40 17.73 10.24 .79 2.20 12.411. K14 !)S 1AA Durlnff'tfce year $1,474,274.22 were exnandea for ariHIMn. ' property mnd extensions' of service.. Of this total $271,078.94 wars extended ttivGu WOMrtUa. SliSr.474.lfi on 'Electrd. m-. tlM, MAM3.13fm 4lwy proaerilM W MMJM oniuSa, Business conditions in all of the communities' served by your Company have been and are very satisfactory, and all departments of your Company continue to show material- increases in gross earnings. The relatio-. of your Subsidiary Companies to the Public they serve are cordial and service rendered, is satisfactory and at very reasonable rates. During the year regular dividends at the rate of Wife quar terly were paid on the First Preferred Stock of your Company, and on October 1st, 1916, a 19i dividend was paid on the Common Stock, and a similar dividend was declared, payable January 2, 1917. The total number of stockholders on December 15th, 1916, was 2,927, an increase during the year of 347, which has since been increased as of February 28th, 1917, to 2,975. Of the total number of stockholders, 881 arc residents of the communities served. Appended is a consolidated Bfjt"ce Sheet of tho United Light and Railways Company and its Subsidiary Companies a9 of Decem ber 31st, 1916, and Statements of Revenue and Surplus Accounts for the year. The Certificate of Messrs, Barrow, Wade, Guthrie and Company, Chartered Accountants, who have audited the books and accounts of your Company and its Subsidiary Companies, is hereto annexed. ' By order of tho Board, FRANK T. HULSWIT, President. March 15th, 1917. UNITED LIGHT AND RAILWAYS COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATED BALANCE SHEET AS ON DECEMBER 31st, 1916. ASSETS. Plant. Construction and Investment Account Aggregate of Book Value '. $46,925,140.48 Total Capital Assets ., 40,9", 140.48 Current Assets: Cash on hand and In Banks $1,169,387.61 - Accounts ueceivaoie, less iteserve ror Bad Debt Bills Recelvab Stocks and Bonos of other Cos Interest & Dividends Receivable Supplies, (Coal, Coke, Oil, Pipe, etc.).... Prepaid Accounts 443,210.13 20,116.29 53.551.00 3.206.67 581 753.80 31,204.32 $2,302,429.82 Cash and Securities In Hands of Trustees for Sinking Fund , Debt Discount being Amortized Items In Suspense and Open Accounts 257,718.06 658,457.50 21,500.05 LIABILITIES CAPITAL STOCK: United Light Hallways Company) 1st Pfd. 6 Cum. Auth. $12,SOO,000.00 Issued .-. . Common, Auth. $12,500,000.00 Issued $ Less amount In Treasury ; 7,19:,900.00 293,900.00 150,165,145.91 $ 9,983,400.00 $ 6,900,000.00 Cedar IlapliU : Marlon City Hallway Company! Common. Issued $ 660,000.00 Less amount held by U.. L. & Rwys. Co $ 584,801.24 $ 65,198.76 Chattanooga Gas Hi 6 Less amount held by & Rys. Co Comnsnrt Cumulative. Issued,. U. L. 600.000.00 --' 368,300.00 $ 131,700.00 750,000.00 746.000.00 Common, Issued $ Less amount held by U. L. & Rwys. Co Trl-Clty Railway ft Light Company 1 Preferred 6 Cumulative Issued $ 3,000,000.00 Less amount held by U. L. & Rys. Co 173,800.00 Common, Issued $ 9,000,000.00 Less amount held by U. L. & Rys. Co 8,830,900.00 Total Capital Stock, In hands of public FUNDED DEBT: , ' Outstanding $ 659,000.00 United Light and Railways Company t First and Refunding 5's Out standing $11,482,300.00 Treasury Bonds , deposited as col- , lateral to Three and Five year j Notes $3,000,000 00 Treasury Bonds 30,809.00 3,030,800,00 4,000.00 2,826,200.00 $ 169.100.00 :20,07B,5D,-6 6 Convertible Gold Debentures due November 1. llfjD saeaaaaaaaaaBfla -.. Three and Five Year Notes due January 1, 1918 ivzu ... . Cedar Bapldi Marlon. City Ballroad Company B'ai Outstanding - 250,000.00 Less amount held by by U. L. & Rys. Co. $171,000.00 Less amount held in Treasury 25,000.00 Retired through Sinking s Fund but not can celled , 41,000.00 I 8.45L600.00 .$ 1,500,000.00 $ 2,250,000.00 237(000.00 I 13,009,00 ChattMeogat Gas Company Flrit Sit Outstanding $ Less amount owned by U. L. A Rwys. Co. 659,000.00 6,000.00 O read Bapldi, Grand Haven Mlfakegoa By. Co. First O'ti uuiBiairaing ................. .1. ....... v j,H,uo.uu 9 33.08.e0 ,; 1 l.BN.Bn.un 4..sv ' r a . ssi -i . . . 2(4.1 MA 1, ..$ 7.794,000.00 Outstanding Manon Cltv & Clear Lake Ballroad Comnanrt First 6s Outstanding ........$ General Mtge. 6s Outstanding $ Peonle'a Gaa A EtertrlA CamnMT! General Mortgage 6s Outstanding $ "379, ".jity iiaiiwar c Light Company! First and Refunding 6s Outstanding. iess amount owned Dy u. L. & Rwys. Co $4,267,000.00 Loss amount held in Treas ury : 321,000.00 4,688,000.00 $ Collateral Trust 5s Outstanding $ 7,777,000.00 , Less amount owned by U. L. & Rwys. Co. 25,000.00 $ Trl-Clty Railway Company! First 6s Outstanding $ 84,000.00 Less amount owned by U. L. & Rwys. Co.$ 5,000.00 Cltlceni Hallway A Light Company! First 6s Outstanding $ 257,500.00 Less amount owned by U. L. & Rwys. Co. 600.00 $ 4M cdar Bapldi A Marlon City Railway Company! Certificates of Indebtedness, due Sept 1, 1919 I i VS A ,2W Total Funded Liabilities In Hands of Public $.4UA ului uapuai jjiaouilies v ff,BTSJi CURRENT LIABILITIES: Accounts Payable $ Paving Taxes due within one year. Other Liabilities ACCRUED LIABILITIES: Interest Accrued I Taxes Accrued Dividends Accrued 552,079.42 2f.010.72 &.?21.90 810,946.66 257,794.31 195.81S.50 f'AJ ;. 6,l 7I.I 111. JJL aw s l,28T,t 74. Meter and Service Deposits J Deferred Paving Taxes ......$ SURPLUS OF SUBSIDIARY COMPANIES: Available for Dividends to Minority Stockholders.... ....$ RESERVE: For Depreciation and Maintenance, etc ......i.. SURPLUS: As per Schedule Attached ..... ' - B.li REVENUE ACCOUNT FOR THE YEAR ENDED DECEMBER !; Income. Earnings Receivable of Subsidiary Co.'s before deduction of Depredation I Dividends and Interest Receivable: On Permanent Investment 255,509.28 On Bonds and Stocke of Other Co.'s & 2,190.67 On Notes 222,133.16 On Bank Balances and Certificates of De posits : 9,595.12 Miscellaneous Earnings Ii' WST.f vt&i & 4IM X if 171,1 Total Income EzxMndltnrei. Expenses . . . Miscellaneous Taxes 125,445.85 21,462.29 J 1.911 Interest on First arid Refunding Bonds.... $ 403,723.88 Interest on Ten-Year 6 Convertible Deben tures 7,262.49 Interest on Three and Five Year Notes 136,000.00 Interest on Commercial Loans. 1 32,653.97 Total Expenditures .. . -. Balance, being profit for year, non 01 jjiviaenas ana w J&fl ? rled to Surplus Account. before deduc- Depreclation, car- , CLAUDE M. HUMfc in CONDENSED STATEMENT OF SURPLUS AOCfSiTNT JSAtt UiNUUU JJiSUKUBER 91, 191B Credit Balance of Surplus Account on De cember 31st, 1916, aB per Consolidated Bal ance Sheet In Annual Report for Fiscal Year 1915 Credits to Surplus for the Year 1916: Profit for the year as per Revenue Account lng to period prior to December 31st, 1915.. 30,665.24 Total Credit to Surplus for 1916 7. " FOR I lit Total Surplus to Account for. v-ldT- 1.221 f 1,T ' '.ts to Surolus for the Year IS is. DlvW'.a on First Preferred Stocks...., Dividends on Common Stock, 1 , ...t 95,792.50 69,000.00 Total Dividends on Preferred and Common Stocks ....:'.. Bond and Note Discount written off Credit to Depreciation Reserve Credit Balance of Surplus Account as on De cember 31sti 1916. as per Consolidated Balance Sheet annexed y Wi Total Surplus Accounted for. ..M.'JSf.Ji.'JSrDepreclationnd uu wj .. wuwo.y... proportion Company l.T ?.ujL!!T'Comnle.or 11 lemtMwtTeT i 7, b v, ,t. Vuffl",S ,VI,-H? "" - nmrninti nt tha PAmmAn c.i.. L il I " V .." v IJMJt ti not owned by the United L!ht n,i w.iiU. "","I,!7 K8 .... w.. ..,n0 viiiiMiny. UL.AUDE M. HUJ Tr CHARTERED ACCOUNTANTS' CERTIFIC . . . .... New iorK, March We have examined the books and accouaW'tf Lignt ana luuwiw company ana its SUDSldlarv trolled Companies for the year ended December follows: me uaauiac uas Light Company, Cedar Kapids & Marion If Company. C4ur ... . . .v . " vuuipauy, usual m4iui isartun vity JUUIWAy tanooga Gas Company, Fort Dodge Gaa A Electric I Gas & Electric Company, Mason City tt Clear XaW' pany, uivumw una vvumpany, reopjea ua ,J Tri-Citv Railway and Lisrht Comnanand 4t. and Controlled Companies, and we hava cojaoflad foregoing Balance Sheet with ItevMutAccottftt Account annexed. We find tlwtV bfr tk ueDreciauon ana uiseount on muds state, vsa all.. MStai S9tJMttfV 4 1 1 AV ff B 4tt a M'rZ "! " vi.iaw.JgfAOTt MIHDII, JS Ml bees cnargeet against muvm-A and a further, sum tMi.inMt.tm count ea fjWsUd Wbt wHsjaMa t tj . inevr sjbhiwb bjb ; VieamMr SUt. JVM, I .muBU', a t '"Til V1 , Leas amount 1 yUbco.c: tjmM .VAMkMX'- 'Vi ' ' - Hi j . T JT. . 1 T'. W m'--" -Tv1 ' 1 .-. m. .. . rv T ....... . . -j-" t .-.. 1 - 1 1 law .ii. , ishmjIIi 1 I,,, , 1 mmM"irGiri-'j: irh ,' ISaSHBMSSm LA"-; U4
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