The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-10-01
EARNINes AND ExPENsEs.
Railway Showing for Year Ending june
30 Received in Detail.


30 Received in Detail.
The gross earnings Of the railways in
the United States from the operation
of 2l6,973.61 miles of line were, for the
year ending June 30. 1905, $20S2. 4S2, 4O6'
being $107, S0S,3I5 greater than for the
year 1904, and foi the first time exceed
ing the two billion mark. Their operat-
ing expenses were $3.50. 500. 1872, or $751;
705,S99 more than in 1904. The follow
ing figures present a statement of gross
earnings in. detail and show the in
crease of the several items over those
of the previous year: Passenger reve-
nue., $472.694 ,732-increase, SOS. 1857, IA;
mail, $45. 426, 125-increas 1926, 1888: ex-
press, $45,149. 155-increase, IS, 2l3,5lSi
other earnings from passenger service,
81, 040, 142-increase, SIPS. 1886; freight
revenue, 81, $50, 772. S38-increase, $7l7l0,-
145; other earrings from freight ser
earnings from operation. $50, 1913, 14S-in-
crease, 81, 1873 1877 Gross earnings from
operation per mile of line averaged So
59S, the corresponding average for the
year 1904 being 1922 less.
The operating expenses assigned to
the four general ciassea were: For
maintenance of way and structures,
S275,046,036; maintenance of equipment
$2S8, AL ,273: conducting transportation,
S771, 228, 666: general expenses. $55. 319,-
sos; undistrfbuted. S566.372. Operating
! expenses averaged IS. 400 per mile of
line. this average showing an increase
of $l01 per mile in comparison with the
year 1904.
The income from operation or the net
earnings of the railways amounted to
1891, S80.254. This amount exceeds the
corresponding one for the previous year
by $55. 500, 416. The net earnings per
mile Of lire for 1906 averaged So, 1870; for
1904, 81, $685. and for 1903, 1913. The
amount of income attributable to other
sources than operation was S23l, SsS, 555.
There are included in this amount the
| following items: Income from lease OF
road, $114 473, 1873: dividends on stocks
owned, $56, $40. 694; interest on bonds
/ owned, SIS. 1856, ga and miscellaneous
income. 81, 1876. 076. The total income of
the railways (S923. 77S. S07)-that Is. the
net earnings and income from lease, in
vestments. and miscellaneous sources
is the amount from which fixed and 9TH
er charges against income are taken
to ascertain the sum available for divi-
| dends. Such deductions aggregated
| $685. SIS, 420. thus leaving 1927 ,O0O,3S7 as
| the net income for the year ending
June 30, 1905, available for dividends or
! surplus
The amount Of dividends declared
'during the year under review GncludinS
| $S2, AIS representing other earnings TO
| stockholders was 1926, O46 8e7, leaving
as the surplus fran the operations of
the year enulng June 80, 1905. $s9,043, 490.
| The surplus from operations as shown
/ for the preceding year was $50, 729, 231.
The amount of deductions from income
as stated above, $3SbsbeS.4Z comprises
these items: Salaries and maintenance
| of organization, 1912, 51S; interest ac-
crued on funded debt. s310,6S1. S02; in
terest on current liabilities, S11, 451, 400;
rents paid for lease of road, S116, $780, 44;
taxes, $6S, 474. 679; permanent improve
ments charged to income account, $751;
TO- 24: other deductions 56416,753.
1t should be understood that the pre-
ceding figures for the income and the
/ expenditures of railway companies are
compiled from the annual reports of
| leased roads as well as of operating
roads, and thus. necessarily. include
| Implications in certain items of income
and also of expenditure on account of
the fact that, in general. the income Of
a leased road is the rent which it re-
ceives from the company by which ii
I is operated. There is included IN the
statistical report however, a sum-
mary which presents the income ac-
count for all the railways considered
as a single system, from which inter
corporate payments are substantially
eliminated.
The complete report includes sum
mary showing the total taxes and as
sessmcnts of the railways by state and
territories and also an analysis showing
the basis of assessment