Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-01-01

1t is scarcely necessary to comment upon
this showing, for to all conversant with
the history Of the State the reasons for the
fluctuations indicated viii present them
selves. The marked falling of for the
year Just closed is due unquestionably to
the operation of the fourth section Of the
Interstate Commerce Act, to the remark
able decline Of tourist travel during the
year, and consequently to the dispropor-
ton Of operating expenses to the income
from passenger traffic, and to the unfair
competition of the foreign line against
which the transcontinental roads leading
out of this State have been compelled to
maintain themselves. The table indicates
also the prosperous years in California in
a large measure, and the periods in which
unwholesome anti-railroad legislation was
attempted. and political agitation in antag
onism to railroad industry was promoted.
The earnings of the Southern Pacific
Company over operating expenses in the
year 1883 are reported by the Commission
TO have been So, 42O,696 So. The gain of
net earnings over operating expenses of
all roads in California for 1888 as against
1887 was s., 72S, 446 81. The net decrease
in the Indebtedness of all the roads oper-
ating in California was in 1888 little
over s., 100000.
One table shows that the percentage of
operating expenses to earnings of the
Southern Pacific Company was 64.63.
Taken for all roads operated in the State,
this percentage rose to 1872. The cost Of
construction and equipment Of all the roads
operated by the Southern Pacific Company
is reported at $S2S, 179,57S so, the net in
come being Sl,2O9,371 10, and thus the
percentage of income to cost was but .oO96
plus The percentage of net income to
gross income was .0S4.
The decrease in the total earnings Of
trains per mile of roads operated by the
Southern Pacific Company, in 1888 as COM
pared with 1887, was SO per cent. The
net earnings per mile of trains of such
companies in 1887 were IA, but in 1888
were go, decrease of 1892 per cent.
There was an increase of passengers car
ried in 1888 over 1887 of 127 per cent.
and an increase in freight carried, in
tons, of S274 per cent. But the average
tons carried in a train in 1883 were S.73
per cent less than in the preceding year.
From January to September, 1889, the
Southern Pacific Company carried east
ward 57,217 overland passengers, as against
59,l26 in the same time in the preceding
year. II brought West in the period in
dicatel, in 1889, 6S529, and in the same
period the preceding year it carried into
the State, or westward 77,479 overland
passen- ers.
ssTnere were 5. $50 more second-class pas
sencers east-bound in 1888 than in 1889
There were 4,7s6 more frst-elaSs passen-
gers west-bound in 1883 than in 1889
There were 4,2I4 more second-class pas
sengers west-bound IN 1888 than in 1889.
The tables showing the movement Of
tonnage of through freight to and from
various points in the State are very inter
esting Thus: From San Francisco, west
bound, 1883, S4S, ,O40; 1889. 5O8,55S,-
$40; difference in pounds in favor OF 1888,
S477S,70O. San Francisco, east-bound,
1889, 266, 9A, sos; 1888, 247,745,0l5; diff
ference in favor of 1899, 19,196,S5O.
Up to September 30,1SS9, the movement
OF east and wast-bound freight over the
Southern Pacific Company's Pacific sys-
TEN taken in pounds makes for Sacra-
mento very hattsring showing. Thus
this city sent eastward 6S794,o5e pounds
offfeight, while Los Angeles sent but %