The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-11-30
Money Now Invested in the Corpora.
tions Estimated at S9,S94, ,4S3,400.
Average Capitalization Per Mile Of Nearly
$50, ,0O0-Greatest Danger to Travellers in
the SOuth-Changes in the Law Needed.
REPORT OF THE RAILROADS,

REPORT OF THE RAILROADS,
Showing the Enormous Work OF Our Great
Trunk Line Systems.
Special 60 Indianapolis Journal.
WASHINGTON, Nov. 2a-The third annual
report from the Interstate-commerce COM
mission on the statistics of railways in the
United States" which covers the operations
of railroads for the year ended June so.
1880. was given TO the press tonight It
shows that railway mileage in the United
States on JuneS0. 1890. was los. .5S7 miles; the
increase in railway mileage brought into
operation during the year was 6.0S0 miles.
The total length of tracks for the United
States. including ali sidings and spurs, is
209,0G0 miles. The number of railway cor
porations on June 80, 1890. was 1871. OF
these eighty-seven are classed as private
roads, with q total mileage of SO
miles. Nine hundred and twenty
seven of these corporations are
operating companies. and 735 are sub
sldiary companies; twenty-five companies
representing mileage of l.646 miles. were
reorganized during the year. and thirty
four companies, representing a mileage of
ence into other corporations. Fifty COM
panies representing mileage of 8. l9S miles.
were consolidated with other companies.
Thus. S,l0l miles of line dnring the year
disappeared independent companies.
Forty railway corporations operated 77.s72
miles of line. The average length of limo
for those forty roads was nearly 1000 miles.
There were seventy -four companies in the
United States whose gross income in 1890
was SS37, ,000, 900. out of a total gross income
of all roads in the country of Sl,o5l. z.6s2.
The total number of locomotives in the
United States was 29,92S, of which 1884
were passenger locomotives and 1910
freight locomotives The number Of cars
used on the railways of the United States
was ]. .164, ,1Ss, of which 26511 were in the
passenger service. The number of tons
of freight carried one mile per
freight engine was 4, ~, ,627. and the number
of passengers carried one mile per pas
senger engine was 1.4IS.142. The total
number OF men employed on the railways
of the United States was 749.40l. being an
increase of 45. .55S over the number employed
IN 1852.
TOTAL RAILWAY CAPITAL
The l56404 miles OF line. which is maze
the basis of statistics In this report. is rep
of So, ass. HAT which Is equivalent to S60.-
4S1 per mile OF line. Assuming that the re-
naming mileage Is capitalized at the
same rate. the total capitalization Of
railway property in the United States
would be S9.S9i. Asa. 400. The increase in
the railway capital for the year ending
June So 1890, over railway capital for the
previous year is s4z4.26S. 79s. OF this
amount $3.50. .OO0, 600. at least. is due to the
increase in capitalization on lines already
in existence. The proportion of railway
capital represented by stock Is 46 82 per
cent. of the total railway capital. Tho
amount of stock per mile of line Is s2s. .S2a.
and the amount of outstanding obliga-
tions. including bonds. equipment trust
obligations ETC.. is S29 262. There are
marked differences in the capitalization OF
Country the MSS. sss
example. railway capital is outstand,
ing to. the amount of slls656 per
mile of line. In California, Ore.
s01' T"ra,nr Washington and G;s o,ssa STATES an.
standing to the amount Of SS7,l04 The
roads which converge in Chicago, lying
east of the Missouri river. are capitalized
at s47.645 per mile of line. which fairly rep
resents the capitalization in the other seq
| tlons of the country. exclusive of the
| Middle States and the Pacific slope.
The capitalization of railway property is
largely in excess of its market value. The
| interest on railway bonds and the final net
| earnings available for dividends may DO
| accepted as the amounts accrning 10 the
owners of railways on their invest
| ments The amount paid In interest
earnings were Sl06. ,9Si. If the sum Of
| these amounts DO capitalized at per cent
| it shows that the value of railway property,
| considered as an Investment estimated on
| ha a m
ended June 80, 1875. was s6.661, 1ls. 40. which
is equivalent to e42,63l per mile OF line.
NUMBER PASSENGERS CARRIED.
The number of passengers carried by the
| railways of the United States during the
! year was 429. 430, ,s65. The number of pas
senger miles, that is to say. the aggregate
number of miles travelled by all passengers.
was Il. .s97. 7s5. .6l7. This shows an average
journey of 24.O6 miles per passenger.
The number of tons of freight carried by
the railways of the United States during
the year covered by the report was csc. AL
6l7. tho average per ton having been ll9.74
! miles The number of passengers carried
one mile per mile of line, for the railways
of the entire country, was DOL The
number of tons OF freight carried one mile
| per mile of line was 4s7. 245-
| The total number of persons reported by
railways as killed during the year was
1870. aud the total number reported as in
jured was 29.03i. OF the total number
| killed. :. 451 were employees 2e5 passen gers.
| and 3,5Si classed as other persons" OF the
total number injured, 22. $50 were employees.
| 2.44 passengers. and 400 unclassified.
| Railway travel is found 20 be the least safe
in the States south of the Potomac and
! Ohio rivers. Thus. in this territory. one
employe Is killed for each PAL men en-
| ployed. aud one trainman Is killed for
| each sixty-five men employed One pas
senger is killed for each sSs555 passengers
carried. In the States lying east of
| Illinois and north of the Ohio and Potom 40
rivers, one employe is killed for each go
| men employed, and one trainman for each
/ l07 men employed. One passenger Is killed
for each 2.5lpS5l passengers carried. The
The statistic sof the Western territory show
! that railway employment and travel is
slightly safer there than in the Southern
States
RECOMMENDATIONS TO CONGRESS.