Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1900-07-26

For the year ended June Both, 1899,
the gross earnings from the operations
of tho railways in the United States,
covering AN operated mileage of 49,
534. GO miles, were 81, 3l3, 610, 116, being
500, 1884, 497 more than for the proceed.
ing fiscal year. The operating expenses
were 1856, 969, 800, the Increase in this
item being S3S, 995, 723. The details Of
gross earnings were as follows. Passen-
ger revenue, 1921, IL, 993- Increase as
compared with ), the, prepeGing1 y ear,
s24. lf2, 503; mail, s85, 500, OIL increase,
81, 800, 659, express, S2d, 1860 - in
crease, SS47, 979; other earnings from
passenger service, 81, 6S7, 363-increase,
S463, 1853; freight revenue, 1913, 1877, 1855
Increase, S37, 009, 1876; other earnings
from freight service, 81, 261, S04- de-
crease, s42l, 40l; other earnings from
operation, including unolassified items,
S34, 055, 735-increase, 1851, 95S. Gross
| earnings from operation per mile of
line we're $3.50 more than for the year
ending June Both, 1898, being 57,005.
The operating expenses of the rail-
ways for the year under consideration
were assigned as follows Maintenance
of way and structures, $3.50, 40, BOG /:
increase, s7,095,S48. Maintenance Of
equipment, $50, 1924 increase,
IS, 294, 3S7. Conducting transportation
1886, 159, GOT; increase. s2l, 4S5, 33l.
General expenses, s3S, 676, 1888; in
crease, 50. 200, 1877; undistributed,
1902, 454. The operating expenses for
| the year in question were "a, $40 per
mile OF line, or sl40 MORE than for the
previous year. An analysis of operat-
ing expenses for the year ending June
Both, 1899, according to the fifty three
accounts embraced in the official CLASH
fication, appears 10 the report, with a
statement of the percentage of each
item in the ciassied operating expenses
for the years 1895 to 1899, inclusive.
The income from operation, or the
amount of gross earnings remaining
AFTER deduction of operating expenses,
generally designated as net earnings.
was 1856, Gal, 119, an increase as com.
pared with the year ending June Both,
1893, of 1927, 1888, TIA. The average
amount per mile of line for 1899 was
50. 1885, and for 1893. 80, 1926. The
amount of income received from sources
other than operation was sl4S, 713, 9S3.
This amount covers the following
items: Income from lease of road, s96,
302, 295; dividends on stock owned,
$40, 104, 521; interest on bonds owned,
81, 334, 500; miscellaneous income,
$40, 922, ATT. The total Income of the
railways, s605, 355, 102-- that il, the in.
come from operation increased by the
income from other sources-is the item
from which fixed charges and analogous
items are deducted in order to reach
the amount available for dividends
Total deductions from income amounted
to Si41, 200, $50. leaving Sl64. 154, Sl3 a:
the net income of the year availabl,
for dividends or surplus.
The amount Of dividends declared
during the year, including $50, ia othel
payments from net income, was Sill,
0s9, 1876, leaving as the surplus from tn,
operations of the year s53, 064, ST., tn,
corresponding surplus for the year end
ing June Both, 1893, being S44, O7S, 557
The deductions from income, SAL,
200, $50, already mentioned, comprise
the following items Salaries and main
tenance of organization, $685., 1872 in
teIest accrued on funded debt, S25l,
los, 087; interest on current liabilities
81, 102, S47; rents paid for lease of road
S94, 406, 1877 taxes, SAG, 337, d32; perma
nent improvements charged to incom
account, sl3,070. 045; other deductions
So, 529, 749.