Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1901-08-01
RAILWAY EARNINGS
Report of Interstate Commerce Com
for Year Ended.

For the year ending June 80, 1900,
the gross earnings from the operation
Of the railways in the United States,
covering an operated mileage of 1922
556,03 miles. were 81 .4S7,044.S14, being
S1T3, 434 .696 more than for the preced-
ing fiscal year. The operating ex-
penses were s961 ,42S sill the increase
in this item being $104 ,459512 The
details of gross earnings were as fol-
lows. Passenger revenue 1929 lis ,639
increase as compared with the pre-
ceding year 1872 500, $40; mail $37 1872
4S4-increase $1,753,4 63; express $685.
416, 150-increase $780, 96; other
earnings from passenger service S.
161 ,022-increase $473,659; freight rev.
enue 81 .049, 256 ,323-increase $135,519,-
1853; other earnings from freight SER
vice $3.345, 3I2-decreas $915,S92; 9TH
er earnings from operation, including
unclassified items, 6,397 ,o94-increase
S2,341 $50. Gross earnings from oper-
alton per mile of line was $717 more
than for the year ending June 80, 1899,
being $7722.
The operating expenses of the rail-
distributed as follows: Maintenance
of way and structures s211 ,220 SCI, in
crease $50 ,S09,715; maintenance of
equipment $751;, 173,SS0, increase 500
254 ,631 conducting transportation
1929 1926, increase $42,956, 719; gem
eral expenses $39, 32S,765, increase
1851 $50; undistributed S5S9019 The
operating expenses for the year in
question were $4,993 per mile of line,
or $423 more than for the previous
year. An analysis of operating ex-
penses for the year ending June 30,
1900, according to the 90 accounts en-
braced in the official classification, APP
pears in the report, with a statement
of the percentage of each item of the
classified operating expenses for the
years 1895 to 1900, inclusive.
The income from operation, or
amount of gross earnings remaining
after the deduction of operating eX-
penses, generally designated as net
earnings. was $525.616,303, an increase
as compared with the preceding year of
SOS .975.184. The average amount per
mile of line for the year ending June
30, 1900, was $2729, and for 1899, 81
1876. The amount of income received
from sources other than operation was
S162,S5.071. This amount embraces the
following items: Income from lease
of road, 500 ,429. 619: dividends on
stocks owned, $24 400 ,253: interest on
bonds owned. Sill 1888 ,974 miscellane-
GUS income, $27 ,l31 ,225. The total in
come of the railways. S6SS, sol, 374-that
is. the income 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 diyi-
dends The total of these deductions
was $461 ,240 ,927, leaving 1927 ,260,447 as
the net income for the year available
for dividends or surplus.
The amount of dividends declared
during the year Gncluding $4,542 other
payments from net income) was $l39,
602 ,5l4 leaving as the surplus from the
operations of the year $S7 ,657933. the
corresponding surplus for the year end
ing June 80, 1899, having been $59,06f,-
S77.
The deductions from income, S461,
| $40 ,S27. already mentioned, comprised
the following items: Salaries and
maintenance of organization, S520102;
1856. interest on curren liabilities
$4.912,S92; rents paid for lease OF road
| S1$1 ,95l ,3l9; taxes, $4s332 273; perma-
nent improvements charged to income
account. s25, 800, 035; other deductions
| $27 ,o74, $50.
The report will contain summary
of taxes paid by railways, the gross
amount and the amount per mile OF
| line being given for each state. From
| this it appears that, disregarding taxes
paid to the United States government
under the recent internal revenue act
and small amounts not apportioned by
! States, there accrued against the rail
ways of the United States during the
| fiscal year in question taxes TO the
amount of si7 ,415. 433, or an average
tax of s2547S per mile OF line.
In the consideration of the foregoing
| figures pertaining to income and eX-
| penditure il should be held in mind
| that annual reports of two kinds are
made to he commission by railway
/ companies. Operating reports are filed
/ by such companies as maintain full
/ operating accounts, and financial re-
ports by such companies as have leased
/ their property to others for operation
/ their own income. apart from that de
rived from investments, being the an
nual fixed or contingent rental paid
/ by their lessees, from which they make
+ their own disbursements. In conse-
/ Quence. certain items of income and
/ expediture are necessarily duplicated
! in comprehensive summaries which
are compiled from reports of both
Glasses The source and extent Of such
/ Implications are clearly Indicated Jy
\ the statistician His rport contains also
an income account OF the railways OF
I the United States. considered as a sys-
I TEN. The figures in this account are
/ such as would be presented We're the
railways owned by the government
operations. tariffs, and expenses re-
naming the same They eliminate in
/ tercorporate payments by making use
1 where necessary. of balance accounts
/ His Perfect Defense.
I Albany Press: heard a rather
good story the other day about a con-
/ ductor who was once brought up be-
/ fore General Manager Mcnamara on