The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-15

70 per cent; decrease in operating expenses
of 500, 1877 80, or 20 per cent; decrease in net
earnings of $79, 1873, or 7.49 per cent; an in
crease in tonnage of 165,968 tons, 7.06 per
cent; an increase in tons mile of 81, 013 COB
tons, or Z79 per cent; decrease in freight
earnings of $47,0100l. or l. Sc per cent; de-
crease in freight expenses of $57 212 OF, or 2 10
per cent; decrease in net freight earnings per
ton mile of .OO6 cent, or 8. IL per cent; de-
crease in passengers carried of 118 040 or IL 81
per cent; decrease in local passengers carried
or 1l1,87O, or IA AZ per cent; decrease in
through passengers carried of g. no. or 3. rs per
cent; decrease in passengers carried one mile
or 4e3l, 700 or 9.56 per cent; decrease in
passenger earnings Of SOL. 1851, or 1l.3l per
cent; decrease in passenger operating ex-
penses OF So 97597, or 85 per cent; decrease IN
earnings per passenger per mile of .O42 cent, or
L97 per cent; an increase in earnings per local
T. IL per cent; decrease in earnings
per through passenger per mile OF .126 cent,
or e. rs per cent; an increase in cost per pas
seneer per mile of .160 cent, or $50 per cent.
For most of the year disastrous competition
and conflict has obtained in the carriage of all
rail traffic, and the lowest point in rail rates
between the Mississippi valley and the sea-
board has been reached The average gross
freight rate is .577 cent per ton mile compared
with 1913 cent in 1884 a decrease of 8 "a per
cent on the extraordinary low figures of the
preceding year. And the cost freight rate for
the year is .466 cent. compared with .5l6 cent
IN 1904. a decrease OF ~ % per cent.
President Devereux says the tonnage move
ment and the amount of passenger traffic
has been fair in volume, but rates have
been torn and attenuated to the last
degree apparently and the work CT the year has
IN consequence been barren of net revenue. 1t
may be needful that such experiences
continue, but the time must come when the
destruction and decentralization of unrestrained
and unlicensed competition in railroad tariff
rates is to be restrained by law. Due, proper
and full accountability nthe one hand as pub
lie servant is to be required of the railroad but
fair and reasonable protection should be rendered
it in its enforcement of just rates During the
year there was expended for additions to the
property as follows: New and additional freight
cars, $l25 1923 go; new and additional passenger
cars, $40. 1852 08; new and additional locomotives
1922 AZ; total new and additional equipment
$l55, 208. TO- new side-track $40 498 90; total ex
penditures account additions. SLIT 143 88; operat
ing cost 1885, 7341 per cent; operating cost
1884, 1882 per cent; increase in operating cost
LOG per cent The bonded debt of the company
has been increased during the year by ST. 70l 900,
and now stands at SIC, 5l7, 900. The company is
free from floating debt, and its property was
never in better physical condition, the roads and
their equipment having been fully maintained to
standard. Unreserved communication and recog-
milton is made of the faithful and energetic
services of the officers and employees during the