Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-11-02


crease, mortgage bonds having increased
during the year ~. s28.794. and income
bonds $lSe,645 during the year covered by
the the report. while mtcelRneous oblisations
ment trust obligations q decrease Of S.
O54 SIT.
IAN important element in the organise
ton Of the railway property Of the United
way managers invest corporate funds in
railway obligations
1.-The number Of passehgers carried by
the railways of the United States during
a ase year hs,n ending Juns 80 se V ssa
pared with the previous year. The number
Of passengers reported BY the railways as
carried l mile during the same period was
Hiss, 446.211 being q decrease OF 21OO.O99,-
go as compared with the previous year.
These figures indicate q marked decrease
In passenger traffic, q decrease which Is
most clearly reflected in a comparison Of
the TN, passengers carried l mile per mile OF
line. which We're 6S,572 during the year
ending June 30, 1895, as against 81 1893 the
previous Year.
Freight Carried.
'The number Of tons of freight reported
by the carriers during the year ending
June 30. 1895, was 696 761. III, being an in
crease of 5s,574.6ls over the number Of
tons carried the previous year. The num-
Der Of tons carried mile was S5,227, 5l5, 81.
being an increase Of 1882, All ,1s9 as COM
pared with the previous year. while the
density of freight traffic shows an increase
from 457,252 in the statistical year 1894
to 40 $50 In the year covered by the pres
ent report; that is to say. an increase OF
22,23S ton miles per mile of line. NotWtth-
standing this increase in the density OF
freight traffic, the figure attained is not
equal to the density of freight tramc IN
1880 or in subsequent years. up to 1884.
The good crops seem to have done some
thing for freight tIaffic, but the figures do
not show the prosperity Of the year 1873
The gross income from operation Tor the
railways of the United States for the year
ending June 80, 1895 was 81 .O75371 Ago, be-
ing an increase CT $2,OO9G65 as compared
with the previous year. Expenses of
operation for the same period were $125,-
72O, 415, being decrease in operating ex
penses as compared with the previous
year of $5,6G3,D7. The income from opera
ton for the year covered by this report Is
49,651.OF, being an increase Of $7,IU3, 81
as compared with the previous year.
Net Income Diminished.
1T should be noted, however. that the net
income from operation for the year covered
by this report is less than for any year
subsequent to 1880, with the exception of
the year 1894.
In addition to earnings from operation,
the income account of railways takes into
income from OtneT sources.
In1S income for the year ending June 80
1913, was s132, AZ, l33. being a decrease as
compared with the previous year of $1O,-
3Si.6I2. This item is made up from income
from stocks and bonds owned by railways
IN their corporate capacity, from lease Of
read, and from miscellaneous sources, and
by comparison, it appears that the decrease
IN income from other sources Is due to the
decrease Of S.N4,7SS dividends paid on
stocks held by reporting corporation and
a decrease OF -, 49,, 241 arising from lease
or road. 1t thus appears that the decrease
IN income from sources other than opera
ton for the year covered by the report is
the result of sale of stocks during the
previous year with the purpose doubtless,
OF providing funds with which to pay dlvi-
uends in cases of dividends being declared
~ excess of clear income from the opera
tons OF the year,, or 20 the cancellat ton OF
stocks and revision of leases resulting from,
consolidation or reorEanizations
Fixed Charges.
THE income from operation augmented
by income from sources other than opera
ton, gives the amount of money at the dis
posal of railways for the payment of fixed
charges and dividends Under fixed charges
are included interest, rentals. taxes, per
nanent improvements charged to the in
&C me account, cost Of maintaining the cor
porate organization OF lines assigned to
other lines for the purpose of operation,
ana other similar items The aggregate of
tfese items for the railways Of the United
states for the year ending June 30, 1885,
was $i25.96692l, being a decrease as com
pared with the previous year Of S8t4l $50
Ihls sum being deducted, leaves a final net
income out OF which to pay dividends of
$56, 80. which shows an Increase az
compared with the previous year of $780,
2s3 The dividends declared during the
year, including $G73.957. other payments
from net income, were So, 1851, 500 being a
decrease as compared with the previous
year of s15, 1914. The dividends declared.
1t will be observed, are greater than the
final net income, from which it appears
II at the railways of the United States
closed the year. covered by the report with
deficit from the operations Of the wear of
So, S45,2i1. ~
Employees Killed.
The number of railway employees killed
during the year ending June 30, 1895. was
l,s11, and the number injured 25,t,6, being
a decrease Of ~ in the number of en-
ployes killed and an increase of 2.274 in the
number injured.
The number of passengers killed during
the year covered by the report was 10
and the number Of passengers injured
z, 31-.'-- beng a decrease in the number OF
passengers killed of 1874 and in the number
injured of G59. 1t is worthy Of remark that
the number of passengers killed during the
year covered by the report is less both
relatively ana dDSOlutely, than during any
year for which complete statistics are OBJ
tainable.
From the above statement it appearg
that during the year covered by this report
l employe was killed for each 49, employees.
and was injured for each 81 men employed
In the railway service. OF trainmen-that
Is to say, engineers. firemen, conductors
and other employees whose service is upon
the transit appears that l person was
killed for each 155 employees Of this class,
n rd I fni1 fnr
The number Of passengers carried for each
passenger killed during the year covered
by the report was 2,9S4,S32, and the num-
Der of passengers carried for each passenger
injured was 213,651. The liability of acct
dent to passengers varies, of course, other
things being equal with the length of the
journey.
Passenger Mortality.
"a more accurate statement Of the liabili-
ties sustained by passengers according to
the results Of the year covered by this re-
port is that II $3.50, 743 passenger miles were