*ANNUAL STATEMENT OF THE

PULLMAN COMPANY.

For the fiscal year ending July 31, 1907.

Total revenue

$32,186,012.82

Total expenses of operation

Depreciation on cars and on other property of company.

Dividends declared

17,388,741.12

749,341.93

7,476,878.00

Net surplus

...

4,149,455.19

Surplus brought forward, less distribution Nov. 30, 1906.

1,106,764.57

The above statement covers both manufacturing and sleeping car business of the Pullman Company.

ANNUAL REPORTS OF EXPRESS COMPANIES OPERATING IN MONTANA

For the year ending June 30th, 1907.

ADAMS EXPRESS COMPANY.

Statement of Gross Receipts and Expenses within the State of Montana, for

Year Ending June 30, 1907.

Gross earnings from business within the State of Montana..

$2,847.00

4.

Net income from other sources entire line in Montana,

(Money Orders)

5. Total deficit entire line in Montana

1,319.65 10,394.72

6. Number of each class of employes and average daily compensation, entire line in Montana:

tana.

EXPLANATORY NOTES.

1. This includes earnings on business handled within State of Mon

2. This includes operating expenses on business handled in the State of Montana, as well as interstate business, as we know of no equitable way of dividing agents' salaries between state and interstate business. For instance, the pay of agent at Butte is $150.00 per month, and it would be impossible to determine what portion of his time is occupied in handling state business and what time is occupied in handling interstate business. We have no record of the amount of interstate business.

These same questions have been asked by other states, such as Nebraska, Iowa, Minnesota and Washington, but we have been able to reply to them only as above.

*Many of the employes are joint employes of other companies, and the question of how to report the number and daily compensation without duplication, is one that is engaging the attention of the representatives of the Interstate Commerce Commission at the present time.

Note. In answer to question "Number of employes entire line and their daily compensation": We have approximately 5,300 employes to whom we pay salaries aggregating $1,996,793.54, divided into Office Salary, $1,380,541.09 and General Salary, $616,252.45. Our accounts are not kept in a manner that enables us to give the information as requested. Some of the employes are joint with railroads, and other express companies, and some are hired by the trip or for extra service.

The figures applying to the entire line and State of Montana are arrived at in the following manner:

Figures relating to the entire line, from statement of earnings and expenses for year ending June 30, 1907, on file in this office.

Gross earnings in State of Montana, $7,890.31, are the domestic earnings in that State from agents, statements of way-bills and proceeds revised and entered on register in this office.

Operating expenses in Montana, $7,300.39, computed by applying to the domestic earnings the percentage that the entire operating expenses (less money order expense) bears to the gross earnings of the entire line 91.48

per cent.

The net income from other sources in Montana, would be the net earnings from money orders, an amount small and not ascertainable.

The answers to questions 6 and 7, relating to State of Montana, are taken from advices received from Superintendent Rogers.

Salaries relating to entire line are taken from agents' statements for the year ending June 30, 1907.