The Caucasian. (Clinton, N.C.) 188?-1913, 1897-10-21

operating enosher rxiITU4d and IL IL
shown that there has been . large ia i.
crease IN the operating expenses OF
'he road which Is being operated, and
decrease in the operating expenses
OF the road doing the operating you
DO not consider that it is evidence that
Tue operating road is charging upon
the road IL il operating . greater pre-
portion OF expenses per mile than IL Is
on TIE lines it ia operating of its own ?
Ass. without further examination, I
! sho.id say yes.
viii ask you II the gross earnings
/ OF tie Southern Railway Company As
Whole, for the year 1895. were Sf.I3i
per mile as stated by President SPENCE
and The gross earnings of the Mort,
carolina division for 1925 were <s55 i5l
per mile Ii does not make as q matter
OF arithmetic q difference in gross
earnings FOR that period per mile in
favor OF the North Carolina Railroad
OF 81 800 mile?
| Ans. Yes.
| /! wlll ask you if, in other words,
this does not show that the North
Carolina railroad division of the South
ern Railway in the year 1895 was earn
ing VI 800 per mile more than the av-
erage earning per mile Of the SOUTH
ern Railway system?
Ans. 1t does.
L will ask you il multiplying this
sum by the length of the North Caro-
lima Railroad (223 miles) it does not
| show that this 223 miles of n. C..
Il. X. was earning in 1895 $23i.-
SGD more than the average of the
same length of mileage in the South.
| ern system as a whole?
Ans. 1t would and little over.
Will ask you in other words if this
does not show that the Southern Rail-
| road as leasee received from the eper-
alton Of this 213 miles Of railroad 1924 .
800 in 1895 more than it received from
the same number of miles of average
| road in its system
Ans. 1t does so show.
will ask you if the net earnings Der
mile OF the Southern Railway system
as an average for 1895 were $l.24O per
mile and the net earnings of the North
Carolina Road for 1896 we're 81 ,643 per
mile 1t does not show that the net
earnings OF the North Carolina Road
as reported by the Southern Road was
only $4O3 mile more than the earn
'ngs per mile OF its average system
Ans. Yes.
l will ask you if this does not show
that they were charging for operating
the North Carolina Road $l1O2 90 per
mile for that period more than was
charged per mile for operating the av
erage OF the Southern Railway system?
Ans. 1t would seem to, yes.
will ask you if when the average
receipts per passenger per mile are
$02,346 you consider this a very fair
passenger earning?
Yes.
will ask you if you consider 81
52S.23 for passenger earnings per mile
of rOad as a good showing for any
Southern rOad2
Ans. 1t is a good showing for any
Southern road not in the suburbs of a
city.
will ask you if you do not consider
$147 passenger earnings per train mile
very good showing for any Southern
road.
Yes,
l will ask you if you do not consider
SOIL, 3Ol.76 a large passenger earning
for year on 223 miles of railroad in
the South?
1t would seem to be.
l WILL ask you if you do not consider
$1.47 large freight earning per train
mile for any Southern railroadp
Ans: very fair.
l will ask you if when out of a total
freigh tonnage of S73 5S9tons 80, l73 are
made up of petroleum, 1920 tons are
made up of sugars and molasses, 6,4sO
are made up Of naval stores, 5000
tons are made up of iron, pi g and bloom,
2, 1888 tons are made up of iron and
steel rails, 1850 tons are made up of
castings, l0,903 tons are made up of
cement, brick and lime, 2,lsS are made
up of agricultural implements, 2,4O5
tons are made up of wagons and car
riages, 5,ss5 tons are made up Of wines
and liquors, 2,716 are made up Ct
household goods and furniture, 5,667
of manufactured tobacco, 5O,4S6 are
made up of cotton factory products,
7O,94O are made up of high class merch-
| laneOus commodities, you do not con-
s1ders that this shows that a very
profitable class Of freight was being
hauled over such railroad, and if upon
such freight showing such railroad
ought not to be regarded as very
rrofitabl, property
Ans. 1t is very high class of
freig yes.
| l asked you if you owned road 223
miles long which in the hands of one
administration had shown itself capa-
BILE of earning 81 1881 900 a year gross,
and which it had been shown could be
Eoperated for $3.50, per year, leaving
lyon. its owner, SAIL 900 per year with
which to pay rent of 100000 per
year; or leaving you in other words q
net profit of $21l 900 from the owner
ship Of this property after paying q
rent Of $3.50, 900 or an interest charge
of $500, 900 you would have leased that
property for 80 years to another cor
pOratiOn six years before an existing
lease expired without advertising OF
an invitation of bids for any such sum
of $500, 900 per year.
Ans, | certainly Shouts not.
! ask you If v"sI had known that il
tanv c..ner Southern State another roat
100 miles long with gross earnings O
+ 81 1885, 7S1 90 and operating expenses o
1888 900 was paying net rental to it
owners of $4,000 year, would you
have leased another railroad 223 mile
long whose gross earnings were 81 ,25l
600 per year and whose operating ex
+ penses with liberal maintenance o
+ way account, were $4,000 per year
would you have leased your 225 mile
1 of railroad six years before then ex
) listing lease of 1t expired to anothe
railroad for 100000 per year!
i Ans. certainly should not.
ask you if when a railroad who's
, gross earnings were 81 1856 ,7S1 600 ha
shown that. it could be operated 70
q $685., 200 per year you would not con
q slider it remarkable that another rail
. road whose gross earnings were 81 ,225
. 900 per year could not be operated TO
: a less sum than 1858, 1Sl per year?
Ans. Yes, unless freight rates wer
. lowered in the latter case.
1 will ask you If in the year 1895 20
= had been shown that the Western an
. Atlantic Railway of the State of Geol
gia with a mileage of $50 miles an
: gross earnings of 81 1886 600 was bein
= operated for $685.. 600 and you had foun
that the North Carolina Railroad Wit
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