The Sutro Tunnel Company And The Sutro Tunnel; Property, Income, Prospects, And Pending Litigation. Report To The Stockholders by Theodore SutroThe Sutro Tunnel Company And The Sutro Tunnel; Property, Income, Prospects, And Pending Litigation. Report To The Stockholders by Theodore Sutro

The Sutro Tunnel Company And The Sutro Tunnel; Property, Income, Prospects, And Pending Litigation…

byTheodore Sutro

Paperback | January 8, 2012

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This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1887. Not illustrated. Excerpt: ... VII. Prospective Income and Expenses. The total annual expenses of the Company (as soon as it shall be freed from the present complications and the attendant outlays) need not exceed the average expenses during the past two years, namely, about $80,000, as that has been quite sufficient to keep the tunnels and works in thorough repair and to defray the ordinary expenses of the Company. In this, of course, would not be included such expenditures as might be rendered necessary for exploration, building of mills, railroads, or other new enterprises; but as such expenditures would also, in turn, result in giving to the Company a much larger revenue, they need not for the present be taken into consideration. It would also be fair to assume the average gross income of the Company during 51 the past two years, viz., the sum of about $236,000, as a basis for future calculations, as the work of taking ore from the mines lay comparatively dormant during the period from the completion of the tunnel until the year 1885, the mining companies having, for some occult reason, occupied their time during said period principally in levying assessments. As the output of the mines has largely increased during the past year over the preceding year, it may safely be assumed, in view of the still greater activity which is at the present time displayed in all the Comstock mines, that the income of the Sutro Tunnel Company will continue to increase in at least the same proportion. The net income of the Company for the year ending March 1, 1887, exceeded the net income for the preceding year by about $70,000, so that it is hardly possible that the net income for the year ending March 1, 1888, can fall short of $250,000, and there is every indication that it will be nearer $300,00...
Title:The Sutro Tunnel Company And The Sutro Tunnel; Property, Income, Prospects, And Pending Litigation…Format:PaperbackDimensions:34 pages, 9.69 × 7.44 × 0.07 inPublished:January 8, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:021710844X

ISBN - 13:9780217108447

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