The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-10

Income from operation -saszs 90
additions 30 income account Of transactions prior
the ss4'sot os
Total credits sso407,,0s S,
we presume that will be understoo4 hat this is the ag
eresa for all the railroad teo in the table from the
heene Of earnings the combined Of their operating
eSpensesntere their bonded or large
Of which the railroad received nothing which
they show other nieres; paid the systems which dom
in the deficits produced by eNavagant
times and by judgment selecting wrong locations
construction and equipment lines after they had been received
The net dc6ct therefore for tho roads listed in the table on
June 1901, $i4646qs6o6 which $96537s4 less than
the shown for these properties months previously
sNeeeaed three millions
the the Gull Colorado and Re Railway company
charged its income account and credited the Atehison Topeka and
Santa e Railway with interest Indebtedness OF G.
January 1900 20 Jane So 1000 years months at per cent
tbndnc ne Ines traverse the hes, as,ura, sections az the
State and reach cities Galveston, Dallas and Fort
Worth, and others nearly important The fact that the Ateh
Topeka and Santa Re Railway all OF the stock
and bonds Che body and soul OF the Gulf colorado
and santa and through that ownership exercises complete
troll of tho latter IS sufficient explanation why the Cult Colo
and Santa | makes such exceptionally bad showing
A REHABILITATION.
Table No is reappaton for the eleven for which
this commission has received annual from the Texas rail
road companies OF the amount Of track mileage (eSeudng yard
tracks and dn) on June OF each the number Of
ending June the earnings for each OF said periods and
the income from operation for each OF said For the entire
number Of hauled from
earnings from SIS e56sos to OF Ss per cent and
income from operation from $69o166es $I7s45oos90
RAILROAD BONDS.
appendix hereto tabular which contains
pe list Of all railroad bonds approved by this commission from
the date that April 1895 regulating issuance
ooI both dates inclusive The table shows that total amount
OF $o4Soo Of bonds have received the commissions
have Been to s for caneeIa,ion Sine. NE Ja 81 %
approved bonds
the OF the amount Of $7s9s,ooo follows
Gulf Beaumont and Great Northern R. R. CO... I7iooo
international and Great Northern r. r. Co L734ooo
Total .sa,sosooo
| FREE TRANSPORTATION.
Appendix is compiled in office from monthly re
ports received by from number OF railroad companies 1t
tes free transportation OF railroads in Texas during
the year ending June 80 1901 II SHOWS that by me companies re
porting there a7Iass passes issued during twelve
We the table for particulars different
issued and the different classes OF whom the,
MISCELLANEOUS RULES. E4..
lhe Rules govern the mode Of bringing complaints an,
an the Rules and regulations controlling the railroad commission
situte Appendix and Appendix hereto respectively
OFFICE FEES AND FINES COLLECTED.
Since the which approved 1899 became eff
ieoy authorizing this commission charge ices in some cases
charged and received fees for such papers and have in in
stance collected all of which has been paid the State
treasurer Exhibit herewith statement by quarter OF
EXPERT INSPECTION
Since rendering ninth annual have usual
caused many railroad Offices general and local
volume and eopext of railroad business having increased e
this commission organized without
corresponding increase the appropriations available for cera
poyes except be in office all the Quite
have been made, by Of
acting separately
associated the inspections and occasions
experience that line In instance the work Of tn
examinations has been satisfactory to us and developed full il
erai and others probably will be in due time.
c THE RAILROAD STOCA AND BOND LAW
legislature approved April 1895
and elective Aagst s93 pS,etons Tag ana regulations 10
bonds has been effect eight and think be sal
Justice and wisdom OF its provisions and that their vigorous an
uaieiou by the commission has resulted
State but to the railroads themselves Whatever eireunanc
railroads affects the people in that affects the chat
and efficiency OF the service which the railroads perform &c
II @ not be denied taat the stock and bond law has had tn
effect New railroad enterprises have not been permitted undo
by These been limited by law rcasonab
amount approximating all their actual
The stock and bond affected only new road
but constructed and morgaged prior passag
With increased earnings the Indebtedness of the
increased poporuonatey absorb has bee
practice almost without exception IN every state IN Il
As stands railroad in the State ca
sent OF the railroad by them only
with the stock and bond law With few
stocks and bonds of the old roads
more than commissions valuations. until the properties
n,proved 70 the point by
re conon) present ndebednss further ssu
can lawfully charged against them 1t is safe that
win years before this condition be obtained, and
The meanwhile surplus earnings Of fixed charges
operating should be expended IN eeen Of oaa0e
,t structures equipment
= The wisdom of the stock and bond law will
come more apparent of the future than in
ast eight wears during which has effective The beneh
and advantages operation beginning be fs
and made apparent The following table compiled from the s,
steal ports each by the commission will inc
cate further effect which, will be observed is far reaching
lie gradual reductions OF the