TO THE STOCKHOLDERS OF THE DENVER AND RIO GRANDE RAILROAD CO. FOR THE YEAR ENDING DECEMBER 31ST, 1889. DENVER, COLO. W. F. ROBINSON & CO., PRINTERS. I GEORGE COPPELL BENAGE S. JOSSELYN. CHARLES F. HOECKEL Car Accountant. Stationer To the Stockholders of DENVER, Colo., March 25, 1890. The Denver & Rio Grande Railroad Company: GENTLEMEN: The accompanying statements show in detail the operations of your railroad for the year ending December 31, 1889, and the financial condition of the company on that date: MILEAGE. The Mileage of Road operated December 31, 1889 was. Increase, 3 per cent. or.. The average Mileage of Road operated in the year 1889 was. Increase, 2 per cent. or EARNINGS AND EXPENSES. The earnings and expenses as compared with the previous year were as follows: The freight revenue shows a decrease from 1887,* but was greater than any other previous year. The passenger and express revenues and the aggregate revenues were the largest in the history of the company. *The increase of freight earnings in 1887, over any previous or subsequent year, was largely due to the construction material carried during that year for the Midland and Atchison Companies, since which time they have not only carried their own material but have been competitors for other business. |