The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1900-10-13
RAILROAD EARNINGS.
L. & N. Makes rIagnifieent Showing.


Railroad Company's annual report
for the year ending June 30 is u
fine showing of the company's bu-
siness and also a demonstration of
the increased prosperity or the
people of the country from which
the company obtains its patronage.
"a we'll Informed writer on the
staff of the Now York Evening
Post analyses the report and COM
pares it with the reports of other
important railway companies of
the company, saying:
As result of what is probably
the best year in the South's indus
trial history, the heaviest gains in
revenue and the highest gross and
net income that it has ever earned.
It's gross receipts on 3,007 miles
operated increased $3,982, 900, or
Is per cent. This gain is more
than the whole increase for the
three preceding years. tits with
in 1852, 900 of the exceptional gain
of 81, lac, 900 reported by tho Bur-
lington in the same fiscal year, on
a mileage (7,546) two and half
times as large as was operated by
the Louisville and Nashville. The
gain is not as large as the increase
shown by comparison Of the
Southern Railways 1900 or 1899
income accounts-S5, ,847, 900. But
if the same lines are included in
the Southern's computation. for
both years-the company having
taken over 500 miles of additional
miles last year even this gain
would be 81, ,505, 900, or less, both
in amount and ratio of increase,
than the gain on the Louisville.
In considering the company's
earnings, it is interesting to note
that this Southern line earns re-
venue per mile, which gives it
rank above most roads in this
country. Last year, for instance,
its gross receipts per mile were
1925, as compared with $7,951I
in 1899 and the low figure of &c.
419. In 1890 and 1891 Louisville
and Nashville earned $8,573 and
So, ,541 gross per mile respectively.
Even the low figure reported
above was larger than last years
high figures on the leading Chiea-
go Granger lines, except the Chi
cago and Northwestern. That
company earned So, 1880 gross per
mile in its 1900 fiscal year, but the
Burlington only $6,252, the st. |
Paul Sc 1897, and the Atchison Sc, |
297, per mile. In net earning
power, also, Louisville and Nash
vile compares favorably with the
other lines, its figure of $3,038
per mile for 1900 being exceeded
only by the $3,058 per mile of the
Northwestern If the Louisville
had retained in net earnings as
large a proportion of its gain in
revenue as the Northwestern, its
net receipts would have been still
higher.
The Mobile Register comments:
The annual report shows that
the company is q liberal expender
of money for maintenance and
Improvement, and the manage
ment has the fullest confidence in
the ability of the country to make
the improvements profitable to
the company. In a word, the
company is working hard for the
present and giving substantial SER
vice, and is building wisely for the
future. Increased traffic under
latest modern coalitions, demands
a heavier and better kept track,
stronger bridges, more commodi-
Gus sidings and more extensive
terminals. The company is fully
alive to the this fact, and keeps
not only abreast of the demand
but some distance ahead of it.
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