The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-07-25

crease Is wholly due 10 the great TeiuC-
ton in the rates OF transportation. This
reduction has been steadily going Oh for
the last five wears In Massachusetts,
which presents fair average for all New
England-the reduction has been from
3.ll cents per tor per mile IN 1871 10
II, 1927 ,502 tons in 1876, while the quaint
ty of freight moved has increased from
1884, l04 tons in 1871 to 1927 sol tons
! in 1876. In Ohio, which also presents
fair average for the Western States, the
reduction has been from 80 cents per
ten per mile IN 1871 to liz per ton per
mile in 1876, while the amount OF freight
moved has increased from 1854, $40 tons
in 1871 to 29,348,799 tons in 1876. In
New York, which fairly represents the
Middle States, the earnings per ton per
mile have decreased from III cents In
1871 to liz cents IN 1876, while the
freight moved mas increased from
I4,i74 544 tons in 1871 to 22,89l 1913 ia
1876.
At the same ratio of decrease through
out the country (36 8 per cent? the earn
ings from freight transportation are less.
by more than Sl32,000.000, than they
would have been had the RACES OF 1871
been maintained. Since that time ST.
100000 have been invested in railroads
in the United st ties and 10000 miles OF
railroad constructed. Yet with this
enorm US reduction in the rates of trans
portation the railroads have yielded Tor
1876 net return of over per cent. on
the capital invested.
While the gross earnings, as already
stated, show decrease OF S5,SO7 $40, rs
compared with the preceding year. the
net earnings show an increase o. 1916
3l4 The decrease IN freight earnings Is
81, 822, ass as compared with 1875, while
the falling off in passenger receipts is
S2,984,68S The decrease IN dividends,
As compared with 1875, is S6,254,540.
Classifying the States by their geo.
graphical positions, as usual, it will be
seen that the gross earnings for the New
England States were S45 100, 1913, against
S4S, 32S,92S for 1875, S50O64,774, tor
1874, and SOL, 676 6S8 Tor 1873 Or those
earnings S25,244 779 were received Tor
transportation OF freight mails, etc,
and S20,5l6 2l5 Ter the transportation OF
passengers. The net earnings were Sl5,-
379,O72, against Sl5, 324 654 for 1875, and
sl6,7l3,1S3 for 1874. The dividends
paid smounted to S7,607, 973, against 49,.
78S040 for 1875, and $6,5ll,97l Tor
1874.
The gross earnings of the rallr oads IN
the Middle States were $l77.6l3,4O7,
against Sl75677.4l8 for 1875, 1856 1873
438 for 1874, and $l94 052.3O2 for 1873.
Of gross earning, Sl3O,l29,542 were re-
ceived for transportation OF freight, mails,
etc, ana 81, 493 S65 for trans ortation OF
passengers The net earnings were S69,-
3S25l7, against i65,6 9,4lS Tor 1875, and
S70lSS,972 for 1874 The dividends
paid amounted to S3369O,lll, against
$50, 357, 1876 for 1876 and S37 500, Isl for
1874
The gross earnings of the RAILROADS in
the Western States were SlS6, 242, 1872,
against sos 2l7 Goa Tor 1875, S2l4,S69,-
AT for 1874 and $2ll,7l778l Tor 1873.
OF these, SAP $780, 2l were received for
transportation of freight, mails, Sc, and
$43,362,2ll for passengers. The net
earnings were 500, 9l2, 9G8, against $751;
594 1874 for 1875, and S75,54G,695, for
1874 The dividends paid amounted to
$l7.304,532 against l9,23O,5ll for 1875
and SI6,605,S32 for 1874 Prior to the
present year the operations of the Union
Pacific railroad were aggregated with
those of the West IN States. With that
addition the real diminution OF gross
earnings is $713S,31 instead 2t SO
O25,l78.
The gross earnings Of the railroads in
the Southern States were $50, 743,6lS,
against $50 399, Z27, tor 1875, S52,259-
24l tor 1874 and S53,696.4O9 for 1878.
Oh the earnings S3S. $780, TAI were received
tor the transportation OF freight and sll >,
877,90l for that OF passengers The net
earnings were $l7ll9,03l, against SIG
al 06O for 1878, and Sl7269, 1872 for
1874. The dividends paid amounted TO
Sl,S60, 352 against 81, 1876 90G, for 1875,
and 81 ,O6S, 455 for 1874.
The gross earnings of the railroads in
the Pacific States were So S6l, 3l6, against
$22,442, 234 for 1875, l6,7740SG In 1874
and $l5,276,747 for 1878. OF the gross
earnings II ,627,Oll were received for the
transportation of pas engers, and 81, 1885,
4O5 Tor the transportation of lreights
The net earnings were $2,3@l 1925. The
dlvidents paid were $l87, 70l.
The earnings and expenses Of the |
Central Pacific railroad were included
among those Of the Pacific States in 1875,
which explains the apparent decline in
earnings. Adding those for the present
year. the earnings would aggregate S24,
OIL, 260.
On the Pacific railroads the earnings
aggregated $9l, O33, SOB of which $lO,-
2l6,424 were derived from passengers, +
and $2O,lSl7,3 79 from transportation OF
freight, mails, &c. The net earnings
were Sl7O33,5l7, and the dividends
S7.299,00o.