The Lamar register., 1893-02-18
THE E-eA,LsoAps.

- s'ae sSSNithc ot W et sern agriculture
preliminary report on the income
and expenditures OF railways for the
year ending June 80. 1892, compiled
by the statistician to the interstate
commerce commission. SAYS that the
gross earnings OF l2S. $40. 90 miles OF
railway are shown to have been $751;
O26, log. from which the gross earn
ings OF the entire railway service OF
the United States are estimated to
have been 81. 222,7l1. sos. This is an
increase of $l2J.950, 1903 over the
earnings Of the previous year. or an
increase OF S60S per mile OF line. The
operating expenses for the year were
Ss4.f22,uSo pcing an increase OF
FS2.S3I, lS9. which leaves an increase
in net earnings OF S4S,1l6.1f4, or
S2,i12 per mile OF line. A coInpari-
son OF passenger and freight service
shows the larger proportion OF in
crease in earnings from operations to
have come from freight service The
actual increase Ia revenue from pas
seugcr service was s3l 800. uaS, or
S2i1 per mile Of line as against an in
crease in the revenue from freight
service uf S9l ,5O6,67 or SSI9 per
mile Of line
i, il observed that the railways on
which there has accrued the largest
increase in gross earnings per mile of
line arc the lines connecting the
wheat growing territory with the sea-
board. and the lines in the southern
states bordering ON the Gulf Of Mex
leo, says the Topeka Advocate and
Tribnne. II is significant, however.
that on these railways there has been
AZ increase In operating expenses
nearly equal 10 the Increase in gross
revenue. The report shows that the
aggregate gross earnings OF sixty-two
roads. each of which enjoys an income
In excess Of 5000. 900. Is ST94. 49,
3Jl. being an average increase Of
Si2.si4.I7l. The average gross rcvc-
nue. per mile pf line for all roads is
s. sips clas siiicatiou Of the sixty
two roads In question shows that
eight receive each an income in cN-
cess Of 10000 per mile Of line. for
ton the income pcr mile Of line Is be-
tween $4,000 and $4,000, for ;hir-
teen tho income per mile OF line Is
between S7.IIa and Si3.OJl. while the
income from each Of the remainder Is
less than S7,ii5 per mi,c ot line.
The density Of passenger and
freight traffic Is also given for the
roads whc<s gross revenue exceeds
100000, from which It appears
that In some parts Of the country
there has been healthy expansions OF
trade during the last two years while
in other parts the increase in traffic
OF 1892 does li';ie morc than balance
she los Of traffic in 1921 In the
Southern gulf states. Tennessee and
Kertucky. the tonnage per mile Of
line vas In lsgo, Aai.O9b; In 1891.
ipi. 915; In is92, 1926. showing q
permanent gain. On the other hand.
10 the territory of the trunk lines
east Of Buffalo and Fittsburg the ton
na.-e per mile OF line was In 1890,
.9Jo. POS: In 1891. l.763.S30, and In
1899. .sS5. 404 The poor relative
showings OF 1891 Is In part accounted
for by the new lines built in the state
OF Pennsylvania. but The figures indi-
Gaze n decided Guctuation in business.
The past year has been a prosper
ou- one Tor the railroads centcring in
Chicago. Every one OF them is able
TO show handsome gains in both gross
and net earnings, Notwithstanding
the fact that rates have been compar-
aiiveIy low during the greater part
OF the year. At no time has there
bsrn such a rush OF business a. to
seriously embarass any Of the roads,
vet. taking the twelve months to-
se;hcr, the volume OF frcightand pas
ssngcr traffic has been enormous. The
amount of freight exclusive, OF live
stock. brought into aud taken out of
Chicago viii. il l. estimated. reach
total Of lO.O01p3O tons At the
same time the managers Of the vari-
Gus lines say that IL has been a very
expensive year Tor them ON account
Of the heavy outiays necessary in
preparing to han,Ile next years busi-
ness. A very large proportion Of
their earnings have been set apart
for thi, purpose. and ior this reason
some OF the companies are compelled
to postpone contemplated increase in
dividends.
Why Not
VIII any liying man explain why