Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-04-19

penses where operating divisions of
railway cross state lines"
The Cedar Rapids line, or B., G. R.
& NJ, reports that the books do show
la distinction between the two classes
iof earnings and the figures are given.
The explanation follows:
The books of the b., c.. r. & N.
railway in regard to question Teport
to the counciD are kept in way by
which (aside from some clerical laborl
the information can be readily given.
Only part of the main line and of the
Sioux Falls division go beyond tho
state, yet as the earnings are based
upon mileage, it causes no difficulty
to give Minnesota and South Dakota
their due proportion"
In reply to question as to the basis
used in arriving at the figures The Ce-
dar Rapids people say: "As per in
structions of the interstate commerce
commission
The Great Northern has filled out
some of the schedules, but not all, and
the explanation of the basis used in the
prior report is this:
The earnings reported in schedule 6.
in the report to the executive council.
We're made up from earnings local to
the state of Iowa and mileage pro rata
of interstate traffic. In case of mail
and express. where there is no means
of knowing the local earnings in Iowa.
the same are divided between the sew
eral states upon mileage basis.
In addition to this the Great North
ern makes the following statement as
to the condition of accounts called for
by the council:
I'VE have given all the information
that can be furnished from our books
as they have been kept. To give as
separate items the information called
for by schedules B, D. e. + and
would necessitate our getting out every
waybill made during the year of 1901,
covering shipments to or from points
in the state of Iowa or passing over
that state in whole or in part and
working up the information desired
frmo these waybills.'
The Union Pacific furnishes only one
of the items called for. The Illinois
Central makes no report on the items
called for. The Wabash furnishes some
of the schedules Other roads report
ing, but not giving the figures desired.
are the Muscatine North & South. the
Minneapolis & st. Louis. the Rock
Island and the various Burlington aux
iliary roads.
On the question of comparative value
of the Iowa mileage and that In other
states some Of the roads make satisfac-
tory reports and some do not. The
Rock Island Company is unable to say
as to the comparative value of the
property. The Union Pacific admits
that Iowa mileage is more valuable
than any other The Illinois Central
does not undertake to report. for Its
Iowa line-the Dubuque & Sioux City
has but little mileage outside of the
state The Wabash, for instance. makes
an interesting report on this subject of
the comparative ard actual value of
the property:
.The general account does not show
the average value per mile of he line.
The cost of road equipment and appur-
tenances as shown by the general
ledger on Dec. 81, 1901, is S144,525,50o.
The road having been purchased at
foreclosure sale the cost of the road,
ETC. is represented by the capita! stock
and bonded debt, the total on Dec 81.
1901, being $144626,000. Based upon
ret earnings per mile the average val
ue per mile of the Iowa lines would be
much less than the average value per
mile Of the entire system, the net loss
per mile in Iowa for 1901 being S6O4.S7
and the net earnings per mile o. the
entire system S2,160.O1.
The Omaha road reports that the
average value per mile in iowa Is
greater than of the entire system be-
cause the average gross earnings per
mile is greater" The Cedar Rapids
route reports that "the earning power
in money should be the basis in deter
mining the value of property. The ay-
eraee earnings per mile in Iowa is
greater than in Minnesota and South
Dakota, hence the value per mile In
Iowa Is more than the value per mile
beyond the state"
The Milwaukee Company has this TO
say in regard to. comparative values:
..The company has no means OF de-
termining the value of its line in Iowa
per mile as compared with the value
per mile in other states. Any attempt
tc answer this question wtthou! accu-
rate information which is not in eX-
istence would be mere estimate, and
therefore of no value.
In regard to comparative values the
Burlington reports:
"Our opinion is that the line in Iowa
is less valuable per mile than the line
in other states, except perhaps In Mis-
souri,. where we have no expensive ter
minals on our approximately 140 miles
of line, none of which is main line. In
Illinois there are two or three tracks,
all the valuable terminals in Chicago,
Peoria, Rock Island and East ST. Louis.
In Wisconsin and Minnesota the line is
practically all main line"
The Minneapolis G st. Louis Com
pany reports that the books and rec
ords do not show the business in the
different states and as to value the
statement is:
"It is less Gn Iowa). Have rot in
the state of Iowa the valuable and ex-
terminals that we have else
where and the character of general
is less expensive. The
business of these lines is much lighter
than the business of our lines IN other
states, the average earnings per mile
=, Iowa annually being S2,1O2.SS, |