The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-08-23
FIGURES an RAILWAYS
interstate Commerce Com
missions Annual Report.
RECEIVERS LETTING GO
Safety Appliances Increasing
financial Statements.


mission. prepared by is statizrictan. ne
following advance figures are obtained:
On June 80. 1857. cnsre were rs reads in
the hands O: receivers. These roads
operated a mileage OF 1881 miles. The
mileage owned By mem being 14ss4 miles.
These figures as compared with those Of
1895. SHOW that there vas a net decrease
OF 1854 miles In mileage operated. and
3 s22 miles in mileage owned by roads in
the charge Of receivers During the year
ending June 80. 1897, hfty-one roads were
removed from the control Of receivers and
twenty-eight roads were placed under
their management.
The capital stock represented by rail-
ways in the hands OF receivers on June
80, 1897, was Sass Q64. so: funded debt. 1881.
497, 7s0, and current liabilities s113, SOC. 34s.
A comparison Of these figures with those
corresponding for the preceding year
shows a decrease in capital stock repre-
sented OF over $3.50. 000. 900 and in funded
debt Of over Sass 900 coo.
The total railway mileage in t41e United
States was 1s4 428 miles. there being an
increase Of 1851 miles. or go per cent
during the year.
Niuety-fve per cent OF the railway mile
age Of the country IS laid with steel rails.
The total number OF locomotives in ser
vice was So SIS. an increase of IS for the
year. The number Of passenger cars was
Sc. 62s and Of freight cars l. 221. 80
OF the total number Of cars so. 2Ss were
fitted with train brakes, the Increase be-
ing z. 432 and s7s. 725 were fitted with auto
matte couplers, an increase Of 133. 49,
The number OF men employed by the
railroads OF the United States on June
so. 1887, as reported was go 476. These
figures assigned on the mileage basis.
show that 4.4s men were employed per
100 miles OF line. The corresponding fig
ures for the year 1896 were slightly
larger
Regarding the year ending June 80. 1897.
IT appears that the amount OF wages
and salaries paid was s465, sol 5s1. This
amount represents 61.s7 per cent OF the
total operating expenses OF railways, or
$3.50 per mile OF line. The total COM
pensation for 1886 was s. 2c2, $50 greater.
On June so, 1897. the amount OF railway
capital outstanding was SO 635, OOs, O74,
which, assigned on mileage basis, shows
a capital OF s5s. so per mile Of line. The
amount OF capital stock was s.. 364 5i2, % i,
Of which s4,367, O56, s57 was common stock
and 1897. SIS .59S preferred stock The
amount Of funded debt was s. 27O. s65, $40.
The classification Of funded debt shows
that it consists Of mortgage bonds.
81 $50 81, 595: miscellaneous obligations,
s4S0 us. 800; income bonds, $685., So. 154. and
equipment trus. obligations S39 SIS. 767.
The amount Of capital stock paving
dividend was s.. 761. CSC 277, or 20 10 per cent
OF the total amount outstanding. The
amount OF funded debt, excluding equip
ment trust obligations. which paid no in
terest, was $50, s50. $40 The total amount
Of dividends was Ss7.110 500. which would
be produced by an average rate OF 5.43
per cent on the amount OF stock on which
some dividend was declared. The amount
OF mortgage bonds paying no interest
was S6l5 259 $50 or 1885 per cent; Of mis-
ceuaueous obligations s37345. 7s9, or S.67
per cent. and income bonds 1915. 544,s72. or
2.sT per cent The amount OF current
liabilities outstanding on June 90. 1897.
was s57s, sol. 635 or IS. 156 per mile OF line.
The number Of passengers carried dur
ing ri1e year was ass. As l9s. a decrease Of
% 327. $50 The number of tons Of freight
carried was al 705 945, which is PASS, 439
less than for 1896.
The gross earnings OF the railways OF
the United States for the year ending
June 80 1897. as reported for an operated
mileage OF 1S32S4 were 1.222 esq. 773 In
comparison with the preceding year this
a, IL
ngs Of SOS 07s 500. The sources Of income
comprised in gross earnings. from opera
ton OF The year were: Passenger reve-
nue. s25f 135 S27. decrease as compared with
the previous year. 81. 425 sos; mail &c.
- f55. increase g. 374.547; express s24 CO..
066. increase go, $50: other earnings. pas
senger service s. So $50: freight service
81 90 So, increase S323. 7s7. other earnings
from operation. etc. s2s 6ds So. Ths ex-
perses OF the operation OF railways for
the1scaI year covered by the report we're
s752 52475+- This amount Is SO - 80
smaller than the corresponding amount
for the year 1895. me operated mileage
for the year being Isl as niles.
The operating expenses OF 1Ss7 we're dis
tri5uted as follows:
Maintenance Q. way ana structures.
s75s l34 403. decrease as compared with the
preceding year tsla547; maintenance q
equipment Sl22 10 s5S. decrease 30 sls. SO.
conducting transportation ~ rs SO. de-
crease g 6eI.720. genera. expenses So. 81
55s, increase S5e7gss
Gross earnings per nile % line oper-
atei averaged ss.Il2; operating expenses
s4Ils Tuess amounts are. respectively.
slss and S1l2 .ess iran the average sor
1885
TIE Moons from operation. tfzt 5. re
amount OF gross earnings rem aiming after
zoe de6ucton g operating expenses. cora-
monty termed net earnings. vas 1858 ~
90. This amount s 8 az &c less man tie
corresponding Rem for re prevtogs ysa-.
TIE tola. ar0cut C dividends declared
incl15i1g IS - othsr payments. from
ret income was - -. So re resglt 5e-
ing d de5clt f-e-n tas operations C -ne
year OF IS ss2
The ro-a. number CO casualties % pe--
seas on acouat O. railway accidents tor
re year ending Jzae .. lss- vas oIss-
OF these casualties s ~ resulted = esata
a-5 : 81 = injuries % varTl1g -1zrac-
tsr. o. railway szap,oyss. La Ee-s
killed al 2 81 were injured s1rtzg re
ysar.
ron summaries showing tss rae .:
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