The times. [volume] (Richmond, Va.) 1890-1903, 1895-06-19
sfGNIFICINT SfAfni'o''
Given by the Interstate Commerce 'o"-
miiiee.

miiiee.
WASHINGTON. June l6.-Ihe seE zen,
s.stisficel ronort OF the Interstate Com
morre Commissicn. for the yeaii.,oI
June o. 1921. has just been supiiiilLtItn, de-
In the Introduction especial attentiNn. -
caiieJ ~ the peculiar conditions ahecl'ns
the operations Of railways duilss IN,
wear. First. the report covers We To-,
four months Of the Columbian HNp'''.',,1
during which time there was an lhcIe'i, 80
passenger traffic; second; u S,.o-,n'o'e,erfed
Rod of widespread and unpIectu'l',. o.,
business depression; third ON JohS a., nj,
1894 fqy roads operating upMdruS ~ 49,
miles Of line and representing dNyt.-. -,
fourth Of the total railway capltdll1au1,si
were in the hands Of receivers. me ~
fect of these conditions Is apparent b"
nearly all Of the figures presented. ,.t...,
The total railway mileage IN llt u's ~
States on June 3d. 1881. was 10 -, an ,r,,,
crease during the year of "a miles. lno
increase during the previous year va
4N7 The percentage of increase uui iil7
1891 was less than for any preceding var
for which reports have been made 10 tne
Commission. and 10 Is not propanle "a
the year ending June 30 49, VIII u, S snsgs
abandoned was rs. ne total mileage Oh
all tracks was 23.53 miles.
The total number OF railway corpora
lions on June 80. 1891 was lsZi; an IN
crease during the year OF Y. ne num-
Der OF INtNN liWN IN Nl''.-
The movement Of consolidation duilIs
the wear on the basis of mileage lnNolNeu
has been greater than Tor the prey l,"9
year: H. roads. representing l'i't illi1',
have been merged. p roads, represehtlls
2352 miles have been reorganl1ed' alt
IL roads. representing l,ssJ miles, nav,
been consolidated. a classification OF
railways on the basis OF operated mllease
shows that ~ roads each Win a nllea5'
of over 900 miles operate lroii mii'7
Of line. or $500 per cent OF the total mile
age of the country; % roads operate t-.'l
per cent. Of the entire mileage.
ON June 30. 1871 the total number OF
locomotives were =. 1872 an Increase during
the year of 70l The total number OF car
reported was 1.N9oio. The increase on
the number of cars during me year VIZ
4.l32. AZ against an increase OF .S,Nf dui-
ING the previous year This railing on ~
tho ratio Of Increase Us due TO the fact
that the railways have, during me year
destroyed a large number oi Olu. NoiH-
ont cars During the year l.JW locomp-
tfves and 80 3S6 cars were fitted with train
brakes. and 1871 locomotives ANA 5ilo'
cars were fitted with automatic coupl fsi
ISL per cent. Of the total equipment pr
stil without train brakes. ana ~" Pr
cent. without automatic coupltrs. Inc
total number Of railway employees on
June ~ 1894. was Ts.eN. q decrease as
compared with the number ON June ~,
1893 Of 1884. or 1876 per cent. THIS ls a
smaller number than in any year since
1872 This deer 'ase is due. The report
states. TO The heavy falling on IN franc
and the endcayOr Of the railways 10
ecOnomlze. 4 new featura in this report
Is table giving a comparative statement
If the average daily cOmps nsafion Of the
various classes Of railway IN plcAcs lot
is42 1893 and 1894. The total amount OF
reported railway capital Of June 30. 1884.
was SlO7.G. f73.Sl3. or S62.g5l per mile OF
fIIf. fa Increase Ia inc amount
outstanding during the year OF sZ",Il,, i"-
Tho amount Of capital stock was N.n5fr'''-
$50. OF which S. lO3. - .l66 was common
stock. ard $3.50. isl. i93 was pr aferred stock.
The funded debt was Si3is.1s3.nlo. lhe
amount OF current liabilities was sos, slo,-
49, The amount OF raiiw ~ securities
held By the railways as an investment
was Sl.5f.c5S so. decrease during me
year Of SlS963.5f3
Tho amount Of stock paying no divi-
aends was s. csc. iAoaf. OF CAB per cent
of the total amount The total amount of
dividends was Ss55l5,9lt. on an average
rate on the diyidend-paying STOCK or '.fl
per cent. The amount of bonds paying
no interest was sGH.5l3.lS? the amount
OF miscellaneous obligations paving no in
tercst was $50 i26 26i. and the amount OF
income bonds paying no interest was $40
1851. The number Of passengers car
ried was 6i96SS.iss. an increase over the
previous year OF 2fl27.5sl and was Oc-
There was a large decrease in freight traf-
fc the number OF tons carried being t3s,-
lSf.553 as against AS, 49, S2 in 1873. "A de-
crease or l0G.@2. 929 tons.
The gross earnings Of the railway for
the year were 81 .173 J6l .797, decrease as
compared with the previous year OF ST.
$50 or. Passenger revenue decreased sib.-
1928 and the revenue from freight traffic
decreased xi21 siS The amount of OPP
Grating expenses was S7Sl.ili3z2. de-
crease Of S95. 505.y7 The largest per cent.
OF decrease was in the operating expenses
assigned to maintenance of way and
structures. and 10 maintenance or equip
mcnt. was shown and respectively. a de-
crease Of 1872 and l1.52 per cent
The net earnings we're 3il.9HiD. de-
crease OF $50 eSJ.iV0 as compared with the
previous year. The income derived from
sources outside of operations was Sii2
1855. The amount OF fixed charges ana
other DEDUCTIONS from income was <i2S
cuS.al0 leaving a net income OF $40
available for dividends. "a decrease as cont
pared with the precious year of nearly
nifty per cent The amount of dividends
paid was S5.515.95. "A decrease OF only
3 1899 from the amount paiu the pre-
Vious year. The fact that IA arly the nor
NAL dividends was paid. Notwithstanding
the great decrease in income available Cor
them. and that the payment OF the
amount stated entalled a deficit from the
operations of th> year OF Si5,sl2,Oii. i
noted.
The revenue derived from the carrying
of passengers was S3S' 553 and the
revenue derived from freight traffic was
S63a 40 9l3.
During the year l.S23 railway employees
were killed and q. 422 were injured. as
compared with 2.1N killed and q .72s in
jured In 1898. This marked decrease I'm
casualty is. in part. due. the report says.
II the decrease in the number of men en-
ployei. and the decrease in the volume Of
business hardlei. The increased use or
automatic appliances on railway equip
ment also may have rendered railway en-
ployment less dangerous. The number OF
passengers killed was 323, an increase or
o. and the number injured was 1904
decrease OF 1875. To show the ratio OF cas-
ualty, II may be stated that one employe
was killed out Of every 42s In service. and
one injured out Of every 80 employed.