New-York tribune., 1901-08-21
ERIE RAILROAD REPORT.

The report of tn. Erie Railroad Company for
the year ended June 80 shows in results the effects
of good management and good times. Marked gains
in traffic receipts made. and marked improve
ment in the company's physical condition ac
complished The detailed figures follow:
Mileage operated. 2158 miles 21o9 miles AZ miles
Working expenses.
terments -. 2S4oss74 27 2s44sso514 .T.sso ST
Net earnings $40 SOS 828 Is s9s4 42s 7s ss5oeol AZ
ing
panies I4sso77 SO 42o 1o7 10 1o75,sss "A
Totals sl2 1871 ao5 IS $40 264 584 81 s1a9ss71 is
come interest
bonds. 1855 24s "a s6ol. .1o4 767.145 16
Surplus 81 1856 "a 81 sss 4sO "a s115972s 90
train load. 80. 4Oo.2e tons sa2 80 tons 7eo
a mile .os7 cent $50 cent .O2s cent
EXPENSES
way and s,ruet-
ures s4.2sss94 CT s3974 61s OF s314 276 sc
equipment - e.o5725o IL esss.s47 AZ .ss2ss7 80
Portation 1e12s7s7 Os 15soso21 OF sa2 1856 os
Taxes 1osasa5 aa75ss 81 7isS2 i. II II
Total expenses s2S 4o6o74 27 .s4e8o 81
oEsrason It! s1Oes5s2s 15 sssa4 IS ss5Oso1 AZ
!, TO- to earninss ar .- 72s59o 1926 1912
ting taxes ana
betterments 6657es 6s55G $3.50
Decrease.
The entire freight traffic OF the company. includ-
ING both merchandise and COAL amounted 25. &c.,
6o2 tons. being a de -rease as compared with the
previous twelve months Of 94S go tons. 352 per
cent. The tons carried one mile decreased from
5l51s55.975 ton miles 10 4.sSs.5S1 9SS miles
l6SS3,9S7 ton miles being 32G per cent The total
revenue derived from the transportation OF freight
traffic amounted s29 2S4 s96 25 as compared with
SIS 79SS 53 for the year 1900 The general
freight rate per ton per mile 5s7 mills. being
Is mill greater than the previous year. 5,Ol
per cent, and the average haul increased from
1sl 4O5 miles TO 1880 miles. 5Of mile. being IS
per cent. The prosperous condition OF the country
during the greater portion OF the year insured
greater stability OF freight rates, giving the
pany proportionately better compensation for the
york done and which than made good the
decrease in the volume Of tonnage handled. In
addition to the above tonnage company's freight
amounting TO 3,230O2S tons transported. max
ing the grand total or tonnage handled 2S229,63O
In trans porting this total tonnage IS 300036
train miles were run decrease IS compared with
the previous year OF AS per cent. being 67s.09s
train miles. the freight tonnage decreasing 3.s4
per cent. The revenue per freight train mile
s. 20. compared with 50 OS the previous year.
increase Of IA cents. SO per cent. The average
train load OF revenue freight 375 Is tons. in
crease OF 6l6 tons or 167 per cent Including the
companys freight. the average train load 4o.22
tons. against 392S tons last year. increase
OF nearly eighty tons. little over per cent
The average number OF tons OF freight in each
loaded increased from 1913 tons to 1859 tons.
an increase Of 10 ton. or IS per cent. Includ-
ing the company's freight the average carload
on the system 1892 tons. increase OF %
ton compared with the previous year.
The passenger traffic OF the company continues
10 show a very encouraging growth, and the re-
suits for the year quite satisfactory. The
total number OF passengers transported during the
year amounted 10 II 2Oe.9O0 compared with 16.-
627 $40 an increase OF Alb per cent. or 6202i pas
sengers. The number OF passengers transported
one mile equalled 469670 SS. increase OF &7sS2l
passenger miles. or SIS per cent. The merchandise
freight transported by the company for the twelve
months amounted 20 B.7c5S95 tons. a decrease or
521 al tons or 366 per cent. compared with the
prevtous wear The greater portion Of this de-
crease was on the lines between Chicago and Ma
rIon Junction and east OF Salamanca. those por-
tions which can be and are most cheaply operated
there being an increase in tonnage on the
New-York. Pennsylvania and Ohio where. by
reason OF physical location. the traffic can
not be as economically or efficiently transport
ed. The number OF tons carried one mile amount
ed TO sI5O5Sl ST. compared with S.Ss1SsI9i last
year a decrease Of &S5 per cent. or lOS'2O'S1 ton
miles.
The report for the year ending June 30. 1900.
showed the company indebted to its various
subsidiary companies to the amount or Si'oSi o.
while the report for the fiscal year shows SUD
sidiary companies indebted to this company s2iS.-
14a q2 making a net amount advanced during the
fiscal year Of $3.50 SO So This increase Is altogether
due TO the fact that the company has advanced
an cunts TO the Erie Coal companies 10 enable them
TO mine and ship different markets considerable
quantities OF coal over 561e cent OF the totai
oneratInr expeuses or the OF $l6,O545o 20. was
Maid bv the company directly to labor, oelns dls-
trIbuted among over thirty-two thousand EN-
Moves The total amount paid for taxes was
e a 3q5 o. or about 273 per cent Of the company
gross earnings and being su.s72 IL more than was
Maid during the year 1900 The taxes paid equaIIed
o1 mill on every ton OF freight transported one
mile.
CONDENSED GENERAL BALANCE SHbE4l'
ASSETS.
Coet OF and equipment as reor-
ganzed-
inc,udinr leased lines. .s245. .4l6,32o IS
Securities pledged under
consolidated mort ., ~, ca M
securities pledged under
rTmhSyts@h'H irisp desd ..'. 1o,eo6.s5O 90
pledged nder
,nnrtls,s nr"so & ~ -. In I240.OO0Oo
Additions December
f,orst,rnc,i", . s443S.S5t 81
New equipment ......'.-'' ii'"f'-0' * -sa 774 "a