Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1907-03-09
EARNINGS OF The N.Y.P. & MIR.
Beats the United States Per
Train file.

rate hearing, after being forced to ad-
nit that his road had recently increas-
ed its stock by one-fourth and was
paving a ten per cent. annual divi-
dend, and that its earnings "per pas
senger mile" were twice as much as
those of any other road in the United
States, came to the conclusion that
the two-cent rate should be adopted.
"Now is the time for it," he said,
md the road can eas ly stand the re-
d tction. We have been very fortunate.
Our road is level, and our expenses
low. I think the rate should be re-
duced."
Al The conclusion of the morning
Examination, the whole two-cent pro
eeding was closed. No other road
will appear, though the Baltimore am
ohio and the Norfolk and Southern
will send papers to supplement- thelI
answers already filed.
II. G. Garlic, auditor, was the mrs
witness put on the stand. He was eX
lmined by Judge T. II. Wilcox, gen
sral counsel for the road.
what does it cost to earn $lOO on
your interstate business in Virginia?'
Mr.. Garlic was asked.
$50. 46 cents" he replied.
"What does it cost to earn 800 on
the whole systemW
"7O.46 cents. The local business
costs Is cents more"
How many interstate passengers
were handled in Virginia during the
year ending June 80, 1862"
"122,9Ss."
"What was the revenue from that
source?"
1875, 1928"
Chow many passengers were han
died one miller"
80, 397 1928"
cat what rate per mile?"
"3.14 cents" ,o,,
For what aat is {, the company bOndedR''
"S3, 800, OOO."
"in how many State does your road
operator" 3,
I'm two-Virginia and Maryland. y
"What is the mileage|' .'.rt-i
"Ninety-five miles in Virginia unity
hree in Maryland" ~
Judge Crump, chairman of the com
N ssion, here took charge of the wit
ness.
"Give the dividends declared by the
road since 1900," he asked.
1901, four per cent 1902, five pei
cent. 1908, SIX per cent; 1904, eigh'
per cent; 1905, ten per cent; lsOb
ten per cent" .,
Has the dividend bearing STOCK
been increased recently"
| "Yes.n
"When, and how much?"
"a stock dividend OF % per cent
was declared last June"
"Was not this done because 1t was
found that the road was paying in
stitution?'
Il cannot say"
"Is it not reasonable to suppose so?
Eyes"
eff the road had been thought poor
Ily-paying would the rs per cent. in
crease have been madeY
Il think not.
Commissioner Stuart then asked;
"What was the maximum rate
charged during the year 1862"
80 1-2 cents per mile"
"And the average?"
| 80 6 cents per mile"
"You said lust now that your inter
state rate in Virginia for 1905 was 81
cents, didn't your"
yes"
Then if your local rate was 81
cents and your average rate 2.66 cents
the local patrons in Virginia had tt
pay considerably more than the
through travellers.
eyes"
"And your maximum rate was l.:
cents; was there any other road II
Virginia charging that muchY"
81 do not know"
eff your business of 1905 had beer
transacted upon the two-cent bash
Instead of the three and one-half cent
basis, what would your interstate re
ceipts in Virginia have beenW
''S47, 958. As instead of the $75, 1872. s.
actually earned"
SIS it not true that you have de
creased your passenger rate since
1862"
eyes"
"Do you now sell two-cent mileag
books?"
Eyes"
ITO anybody"
YES"
And the act is entirely voluntar!
on your part?'
Certainly"
"Then if you sell these books vol
unfairly could you lose money If yo'
sold them involuntarily?"
81 do not understand what yo1
mean"
81 mean this, Mr.. Carlile," sal
Commissioner Stuart, eff you sci
these books now for 2 cents of you
own free will, could your bushes
possibly be affected if the commission
forced you to sell them?"
1.-The business resulting from tn
sale of the books would not be affect
ed.u
"Then 1 do not see how you can sa
that the road would lose money
forced to adopt this new rate" con
Guided Mr.. Stuart.
Taking up new line, Mr., Stuar
then asked:
"What were the 1905 earnings pc
train mile of the New York, Philadel
, phia and Norfolk"
{ $3.50"
9 "Do you know that it is twice q
much as the per train mile" incom
of any other road in the Unite
r States?"
II have not made the comparison,
"Do you know that your road
making more than twice as much pc
t train mile as the other roads in Vii
3 riniap'
81 do not know"
-News-Leader, 1st.
e Business Notices.