Evening star., 1901-07-13
Preliminary Statement of Interstate
Commerce Commission Statistician
COVERING YEAR ENDING JUNE 80, 1900
Enormous Increase in Mileage,
Earnings and Dividends.
SUMMARY OF ACCIDENTS

1
the country for the fiscal year ending June
| 30, 1900, giving statistics regarding receiv-
erships. mileage, equipment. employees.
capitalization and valuation Of property,
earnings and expenses, public service Of
| railways and railway accidents
| The number of the railway corporations
| included in the report was 2,023. OF this
| number 1,O67 maintained operating ac-
| counts, S47 being classed as independent
| operating roads and 22O as subsidiary
| roads. OF roads operated under lease or
| some other form Of contract 324 received A
| fixed money rental, 167 contingent money
rental and 241 We're operated under some
| form Of agreement or control not readily
! classified. The total single-track railway
| mileage in the United States was 1913, ,345. rs
| miles, an increase during the year Of A.
| O51 II miles being shown. This is a greater
increase than that for any other year since
| 1893.
Earnings and Expenses.
| 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 1872, ,556.O3 miles, were
81 ,4S7 044, ,s14, being $173, ,434 ,696 more than
| for the preceding fiscal year. The operat
Ing expenses were 1861. ADS, ,511, the increase
| in this item being S104. .459,512 The de-
| tails Of gross earnings were as follows:
| Passenger revenue, 1923, Z 15 63eincrease as
| compared with the preceding year. So. .602,-
| 646; mail $37, ,752 414-increase, $1,753, 463;
| express, S2S,416, ,150-increase. $3.50, o96;
| other earnings from passenger service, S.
| 161 ,022-increase, S473, $50; freight revenue
81, ,049, 256, 56,323-increase. $135, ,519. .16s; other
! earnings from freight service, So ,345 912-
| decrease S915, 800; other earnings from OPP
! Grafton, including unclassifed items, $685.
| 397 ,294-increase, $2,841,656 Gross earnings
! from operation per mile of line was Sill
! 1899, being $7,722.
The operating expenses of the railways
| for the year under review were distributed
| as follows: Maintenance of way and struc
| lures. $211 ,220,521; increase, $50. .s09. 715
Maintenance of equipment $1S1, la, $50; in
crease. $50, ,254 631 Conducting transporta-
ton, $500, 1896: increase. 1886. 119. Cen
eral expenses, S39,32S, 165: increase, S651,-
$50 Undistributed, $5s9.019. The operating
expenses for the year in question were
$4,993 per mile of line. or S423 more than
| for the previous year An analysis OF op-
Grating expenses for the year ending June
30, 1900, according to the f1fty-three ac-
counts embraced in the official classifica-
ton, appears in the report, with a state
ment 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 deduc
tion OF operating expenses, generally desig-
mated net earnings. was $525, GIG, ,303. an
increase as compared with the preceding
year Of s6S,975.1S4 The average amount
per mile Of line for the year ending June 80.
1900, was $2,729 and for 1899, 81, 435. The
amount Of income received from sources
other than operation was S162, ,SS5,0T1. This
amount embraces the following items: In
come from lease of road, 500. .429, ,S19; divi-
dends stocks owned. $24 400 253; inter-
est on bonds owned, S11 S33 ,974; miscella-
neous income, $27, 131 .225. The total income
Of the railways. $6sS, sol ,374-that Is. the
income from operation increased by the in
a ton frny
which fixed charges and analogous items
are deducted in order to reach the amount
available for dividends The total of these
deductions was $461 ,240, ,927, leaving 1921
260.447 as the net income for the year
available for dividends or surplus
The amount Of dividends declared during
the year Qncluding $4542 other payments
from net income) was $189, ,6O2, ,514, leaving
as the surplus from the operations Of the
year $S7, ,e57 1888, the corresponding surplus
for the year ending June 80, 1899. having
been $50, 3,064, ST.
The deductions from income, $461 24O 027,
already mentioned, comprised the following
items: Salaries and maintenance Of organi-
zation 500, ,1O2 interest accrued on funded
debt $252,049. GIG; interest on current liza
bilities, s4,012, ,s92; rents paid for lease Of
road, SOL 1851, ,319; taxes S4S, $50 273; perma-
nent improvement charged to income ac-
O74, $50.
The report will contain a 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, dfsregarding taxes paid to the United
States government under the recent inter
nal revenue act and small amounts not ap-
portioned by states, there accrued against
the railways Of the United States during
the fiscal year in question taxes to the
amount Of 81, .433. or an average tax
of $254. 7S per mile OF line.
Railway Receiverships.
The number Of railways in the hands Of
receivers on June 80, 1900, was flfty-two
there being net decrease of nineteen as
compared with the corresponding date Of
the previous year. The number Of railways
placed in charge of receivers during the
year were sixteen, and the number re-
moved from their management was thirty
five. The operated mileage of the roads
under receivers on June 80. 1900, was A.
177.91 miles, of which 3,64O 80 miles were
owned by them.
capitalization and Valuation Of Prop
erty.
The amount Of railway capital outstand-
ing June 80, 1900 was $11. .491 ,O34, 800. This
amount assigned to a mileage basis repre-
sents a capitalization OF $61 400 per mile
Of line. OF this amount $5.s45. .679 sos ex-
listed in the form Of stock. Of which $4,522,-
POI 1888 was common stock and 81, ,S23, 2S7, ,755
preferred stock. The amount which exist
ed In the form Of funded debt was IS. .645,-
1867. This amount was classified as
mortgage bonds, $4,9OO626, ,s23: miscella-
neous obligations, s4s4. .9ss. .s41: income
bonds, $219 636 1888; and equipment trust OBJ
legations, $50, ,30S,220. The amount Of cur
rent liabilities not included in the fore
going capital statement was 1894. .7S7, $40,
or $3, 183 per mile of line.
The amount of capital stock paying no
dividend was So. 176, ,6O9, sos, or b434 per
cent of the total amount outstanding. The
amount of funded debt, excluding equip
ment trust obligations, which paid no in
terest, was ss7s, ,ss7, 800. OF the stock pay.
amount outstanding paid from to = per
cent. 1855 per cent paid from to per
cent, 6.93 per cent paid from to 6 per
cent. 4.29 per cent paid from to Z per
cent and $40 per cent paid from to
per cent. The amount Of dividends de-
clared during the year was s9.597 .972.
which would be produced by an average
rate of 5.23 per cent on the stock on which
some dividend was declared. The amount
of mortgage bonds paying no interest was
$685. 874. .623, or 5.A per cent: OF miscella-
neous obligations 6.770175. or 361 per
cent; Of income bonds sos, ,2S4, ,OOS, or AZ 40
per cent.
Equipment.