Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-07-27

The gross earnings of the railways
of tho United States, covering an
operated mileage of 1874, 648. &c miles,
we're 81, 247, 32J, Cpl for the year ending
June Both, 1893, being greater by
Sl25, 235, 8i3 than the corresponding
item for the fiscal year preceding.
The operating expenses during the
same period were 1917, 073, 27G, being
an increase of S65, i4S, SIP as compared
with the year 1897. The items com.
prised in gross earnings from operation
for the fiscal year under consideration
We're: Passenger revenue S266, $40, 400,
increase as compared with tho previous
year Sl5, S3l, 563; mail s34, Cos, 1852, in-
crease 1858, $50; express S25, sos, OTIS,
increase Sl,007, 009; other earnings
from passenger service S7,224, 600 |;
freight revenue sS76, 1877, 719, increase
SOB, STS, 405, other earnings from
freight service Sl,6S3, 205, increase
s4I3,54S; other earnings from
operation, including few unclassi-
fled items, S31, 203, $780,
The operating expenses for the year
were assigned as follows: Maintenance
of way and structures, Sta, 3l4, 95S !;
increase as compared with the pre-
ceding year, sl3. $50, BOB. Maintenance
OF equipment, SLAP, ga, S62; increase,
SID, S62, 504. Conducting transportation,
SAGA, 674, ZIG; increase, S32, 14S, Ala.
General expenses. $50. 476, $3.50; de-
crease, 81, 5s3 The gross earnings
averaged So. 7J1 per mile of line, and
operating expenses 81, 430 per mile of
line. These amounts are. respectively,
s633 and 1924 greater than the cor
responding figures for 1897. The re-
port contains further analysis of the
operating expenses of railways in the
United States for the years 1895 to
1888, in accordance with the 50
accounts embraced in the prescribed
| classification of these expenses.
The income from operation, that is,
the amount of gross earnings remain
ing after the deduction of operating
expenses, commonly termed net earn
| ings, was S429, 352, 345. This amount
is 500, 1877, 1886 greater than it was for
the preceding year ending June 30th,
1897. The amount of income from
other sources was S138, POP, 779. The
| following items are embraced in this
amount: Income from lease of road,
| $50, al, CTS; dividends on stocks owned,
| 6,Gl4, 63S interest on bonds owned,
| $40, 500, 343, and miscellaneous income,
SIG, 5S7, l20. The total income of the
| railways S5G7, sos, l24, that is, the in
come from operation and income from
other sources, is the item from which
| fixed charges and other analogous
items are to be deducted before reach
ing the amount available for dividends.
Taking from this amount the total de-
ducrions from income, 1927, 235, 703,
leaves $40, 3l9, 42l as the net income
for the year available for dividends or
surplus.
The total amount OF dividends de-
clared during the year, including
SS7,975, other payments from net in
come, was SOC, 240, S6l. 1t therefore
appears that the surplus from the
operations of the year was S44, O78, 557.
An analysis of the total deductions
from income. s427, 235, 703. mentioned
above, shows that they were composed
of the following items; Salaries and
maintenance of organization, SAB, 325 /;
interest accrued on funded debt,
S2i6, l26, Col; interest on interest
bearing current liabilities, 81, O73, 1853 (;
rents paid for lease of road, S92, 39l ,OOS !;
taxes, si3, S28, 224; permanent improve
ments charged to income account,
5,674, 905, and other deductions,
$50, 524, 507.