The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-03-05
Made Money at
Two Cents a Mile
REPORT OF Pennsylvania RAIL.
ROAD SHOWS INTERESTING
FACTS ON PASSENGER
TRAFFIC.

PITTsBURG, March Inter- ding
IN detail Is tine annual report for 1906
OF the PENNSYLVANIA railroad made
public last night fer the year ended
December 81. 1905 Light IS thrown
on the earnings Of the great CORPORA.
ton as they relate TO the Income de.
rived from passenger; and fseighs traf.
fic when compared with other years,
Gross earnings amounted 70 si4s.s
23s. $50, as compared with siss,s2i.-
ss2 In 1905. an increase Of s14.st7 $50.
OF this Increase passenger traffic
contributed s$,sssaf4 and freight
traffic s9,S67,O5s. Net earnings from
operation show an increase OF s5s
so2. 65s. Gross income increased 81.
lo11.s1i and net income increased So
571,7s4. i
The amount taken from the earn.
ings of the corporation during the year
for extraordinary expenditures is sS,s
7ot,f7 This includes improvements
such as revision of grades and align
ment. additional tracks, shops, yards
bridges. piers. stations and other ter.
minal facilities, abolition Of grade
crossings and improvement OF equip.
ment. Thirteen million dollars were
taken from the earnings and applied
toward the construction OF the New
York tunnel line.
Where Money VIII Be Spent.
The principal expenditures for the
current year viii be in completing the
fonrtrack system on the Middle, Pitts
burg and Western Pennsylvania diyi.
sions. upon the tunnel extension into
and through New York and upon the
terminal station in that city. Right Of
way swit1.be purchased and additional
relief lines built and motive power and
equipment increased.
It is pointed out that improvements
to enable traffic to be promptly and
economically handled between Pitts.
burg and New York have been com.
pleted or are rapidly nearly compile
ton. The completed parts cover the
Duquesne Elevated, pittsburg freight
depot and the terminal yards adjacent
to Pittsburg, double.track freight road
between Gallitzin and Petersburg,
classification yards at Hollidayssburg,
low grade freight line between York
Haven and Glen Loeb and the EnoIa
yards, and extensive work In and
about Philadelphia. The aggregate
cost Of construction, equipment and
real estate on them ain line between
Philadelphia and New York during the
year was sso.s5s,so2.
How Earnings Have Increased.
Gross earnings Of last year, S14s..
2s9. $50, compared with gross earnings
Of ssse, 452 in 1850, when the net earn.
ings were $167,2os as compared with
$Ss, ss2,o25. last year. The average
net earning per ton mile increased
from o.175 cents In 1905 to o.1so cents
last year, and average net earnings
per passenger mile Increased in the
same period from o.s2s cents to o.427
cents. The average earnings per ton
mile were o.593 cents In 1905 compar.
ed with an increase TO o.5s5 cents last
year, and the average earnings per
passenger mile were the same for the
two years, 2.O14 cents.
The figures are interesting In deter.
mining the question of whether the
corporation can carry passengers at 2
cents a mile. since they are official and
show that it has been done in the past
two years with a margin of profit for
every mife.