The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-11-26
Express Companies Will Lose
Rock Island Business.
Amounts to More Than 81, $780,
600 Annually.
DETAILED STATEMENT.
Other Roads Plan to Handle
Express Packages Also.
Gossip and Matters of Interest
I'm Railroad Circles.

TIE failure of the Rock Island 10 re-
new existing contracts with the ex-
press companies operating on its lines
at their expiration. means loss OF
gross business to their latter COM
panies of 4, 10000 based on the earn
ings Of the Rock Island-Frisco sys-
tenn from this service in the fiscal
year 1906. This loss will fall heaviest
upon the Wells-FargO Co, whose
gross business on the system in 1906
was over 100000.
The following shows the roads of
the system operated by each express
company, their payments to the rail
roads in the fiscal year 1906, and the
gross business of each company from
each line operated:
WellsFargO Co.
Evansville & T. Average miles
? operated, 80; payments to railroads,
$50. 511; express company gross earn
ings, $67,O22-
c. & z. Illinois-Average miles oper-
ated. 947; payments to railroads.
800 1854; express company gross earn
1ngs, SCORES.
Rock Island=Average mileage
operated. 7,21S; payments to railroads.
S582. $50 express company gross
earnings. S1.165,71S.
St j. & z. F.-Average mileage,
5.G68; payments to railroads. $29A,-
0F7; express company gross earnings,
$5SS,154.
Total-Average mileage operated.
-, 543 payments to railroads, ST.
O1O,S11: express company gross earn
tngs, S2,021.622.
United States CO.
Rock Island-Average mileage
operated, 7,21S; payments to railroads.
$5S2,S59; express company gross earn
inss, $1,165.71S.
Adams Co.
St L. & S. F.-Average miles oper-
ated, 5.O6s; payments to railroads
1894 .077; express company gross
earnings, S5s.154.
S L. & S. F--Average mileage
operated, 5.06S; payments to rail-
roads, $294,O77; express company
gross earnings. $5SS,154
Total Call companies) Payments to
railroads, S2.1S1.S24; express com
panies gross earnings. $4.363.63S.
AS the Rock Island system is oper-
ated by both the United States Ex-
press company and the Wells-FargO
company, the payments have been d.
vided equally and the gross earnings
accordingly. In the case of
the ST. Louis & San Francisco. pay
ments have been divided equally be-
tween the Adams, Southern and Wells /
Fargo, although there can be little
doubt that the bulk of the business |
does not distribute itself equally |
among those three companies M
each case the gross receipts have beenI
as double the amounts of (
the payments to the railroads, a basis /
which has proved to be conservative.
Allowing the net earnings of IA per /
cent of gross the net of each company /
and its per cent on the capital stock |
may be calculated as fol- /
lows:
Wells Fargo-Net earnings. $2S3,-
O27: per cent on stock. 3.53.
United States-Net earnings, $685.
200; per cent on stock. 1853
Adams sS2,341; per cent on stock I
IS
Southern-Net earnings. $S2,341: |
per cent on stock, 1.64.
Some of these contracts have some /
years yet to run so that the companies I
will not Immediately experienced this !
loss of business. AS yet, of course. the /
Rock Island has not announced its in /
tention of conducting these operations
itself.
Discovery of the fact that the North |