The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-15

JClON DAILY POST,
years ended respectively June 80, lsas.
ana June so, 1899 OF the gross earnings
operating expenses, and results from cper .
alton twhether income or dehcltl OF esch
operated Texas railroad IL also shows
ior each road whether the net result WAS
pstter or worse for she latter year. and
lhe amount OF such difference. The totals
Tor all railroads OF the State are as fol /.
lows Increase in gross earnings for A..
year ending June 80 1899, compared with
the previous year, 1921 .e0ie0 tor 1880
per cent?: increase in operating expenses
s--Ei'5os.u2 Tor 1874 per cent?: increase Ia
net earnings, s2.0o7.23 Tor 1857 per
cent?. In these comparisons the compara-
uvely slight changes in the methods OF re.
pol,lns mentioned in the comments on
tables Nos. and were not considered.
Table No. li-Comparative statement. bv
years, OF the quantities and percentages OF
reVenue-yieiding freight transported On
Iexas railroads during the three years
which ended respectively on June 80 OF
1897, 1888 aud 1899, classified very nearly
IN accordance with the classification OF
the interstate commerce commission.
The aggregate number OF tons carried,
as reported by the railroad companies and
receivers. was le,SisSo2 tons during thc
year ending June 80, 1897, and 1880, o4S
| tons during the year ending June 80.
! 1898, and 2O,s24 $50 tons during the year
ending June 80, 1899.
Table No. l7--Comparative statement of
passenger revenue this does not include
mail express, extra baggage and miscel-
laneous passenger train earnings) OF Tex
as railroads for the two years ending
respectively June 30. 1898, and June 80,
1899, showing for each road the amount
for each year. and the increase or de-
crease for the latter year. The aggregate
| ioi all the roads was S7,209, 166,i6 for the
| twelve months ending June 30, 1898, ami
| N,1io.siS.Si for the twelve months ending
June &c. 1899. gain for the latter year
OF $685., 0Sl.SS, or IA per cent
| Table No, 2i--Abstract OF income &C.
counts for the year ending June 80, 1889
OF those railroad companies which made
report OF the same TO this commission,
showing the balances to the debit or credit
OF income account. both on June 30. 1888,
and June 80 1899. and in a general way,
| the entries between those dates. Con-
siderng the railroad properties which
were reported for. "a an entirety, the fol-
lowing is a condensed statement.
Accumulated deficit from or
ganization of companies to
June 80. 1898. ..,,...,...,.Sli,130 $50, 255 So
Interest on funded debt ac-
crued .,..,................ as4s.a5s 81
Other interest accrued ... 425.556 76
Taxes ACKNOWLEDGEMENTS. l,04l. 6S7 20
Expended for permanent i'm
proVements ........,,,,.,.. 2,3f5.lQ5 So
Rents paid for lease Of road. l20,S2Q IS
Other deductions for the year 1ss,llS 30
Deductions account CT trans
actions prior 10 the year. 62l, 40 81
DIVIDENDS paid on capital
StOCh ..s..t.ss.. s...s.ss.s.. So,VVl ~
Total deficits and debts -. s29, ass 900 0b
CREDITS
Net earnings from operation. $40, e97 1855 %
Other income during this
year OBSERVATION-DISCLOSURES. 1897 Sc
Additions 10 income account
OF transactions prior TO the
year Observation-Disclosures. l,o4St Ils oS
Total credits .,.........sl 5, 36S. 575 50
The net deficit on June 80 1899, WAS
sl4074,a5f56 which is 65,s0lSS less
than the amount shown twelve months
previously.
The Wells, Fargo G Co express renders
10 US full and satisfactory reports The
American and United States Express COM
panies decline TO furnish Information
necessary for US TO have as a basis in
rate making, and which We believe that
we are legally entitled to require OF them.
We have referred the matter to the at
torney general for his action in order that
the penalties provided by law in such
cases may be enforced. This Pacific Elk
press company this year, while it does not
decline to furnish the information de-
sired, states that II III unable to do 20.
which Is. In effect the same. 1t furpAhcd
similar information last year 10 that
which 1t now fails to furnish. and the
Wells, Fargo Co. express has always
been able to and has furnished Il.
Since the date Of our last annual report
a considerable number Of expert exam ma
tons have been made at railroad offices, |
both general and local. some for the pur-
pose of observing how near the Statutes
relating to the maintenance of general
Offices in the State were being compiled |
with, both in letter and in spirit, and to |
what extent railway companies in Texas |
were being dominated by companies cut. !
side Of the State some for the purpose OF |
acquiring knowledge of the disposition Of |
the revenues other than for legitimate |
some for the purpose OF |
tracing practices which In some inttances |
were In effect determinations. and in |
others apparently so until full investiga-
ton disclosed otherwise. aud others to |
elicit information deemed useful to this
commission in the discharge Of its duties.
These examinations were conducted at |
many places in widely separated portions |
Of the State, such as Dallas, Houston,
Galveston, San Antonio. Laredo. Long 1
view. Texarkana, Tyler. Greenvlle, Pan.
handle. Amarillo. Abilene. etc. resulting, |
We believe in increasing strictness in the
observance of our statutes relating to rail-
ways. though there is yet room for i'm
provement in that respecs by GONE OF the
We propose TO continue these
expert Inspections vigorously. as we be-
lieve chat the results are OF great benefit
10 the public.
The commission. realizing that the mile
age tables ut present in uss, by the rail-
roads OF Texas, are inaccurate and are
calculated on an improper basis. has de-
sided to issue, supplemental to this re-
port, correct mileage tables FOR the rail-
roads OF Texas, 10 be used as the official
distance table for the determination OF
passenger fares and freight rates be-
lween stations. The tables as compiled
will give the dittance to the nearest mile
between the center OF passenger depots
It junction points AMI the center OF pas
Ienger depots or Platform at stations, or
;encer OF sidlngs or spurs where there IRE
10 depots or platforms. The distance to
reight depots is also given in all cases
Il