Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-03-24
the reform yielded larger net re-
t,,rn IN tha i1rnads

the reform yielded larger net re-
turn to the railroads.
"a study of these figures shows
that the panic, so far as it affected
the railroads, extended but slightly
beyond Chicago towards the west. II
we take the ans-continental roads
reaching to the Pacific coast, we find
that every one of them increased it's
gross operating revenues the last
half of the year 1907.
Beginning with the Great North
ern, which is near the Canadian
border, and coming down the Pa
cifc coast to the Mexican border,
thus including the Northern Pacific,
the Southern Pacific, and the Santa
Fee systems, each one increased it's
total operating revenues in the last
half of 1907 over those revenues for
the last half of 1906, while the net
income was in some cases increased
and in others slightly decreased; the
net income operation in each of these
lines being, Santa Fe $13,O0O,000,
Northern Pacific $1S,0O0,0OO, Great
Northern $13,O0O,0OO and Southern
Pacific $41,OOO,0O0 for the six
months. Taking freight revenues
alone, the Santa Fe system, for in
stance, shows larger freight revenues
in December than in July or Sep
TENDER; and the Southern Pacific's
December freight revenues were but
few thousand dollars less in that
month than in any other month ex-
cepting October and November. We
find. therefore, no alarming condi-
tion presented as to the trans-con-
tinental lines.
Coming this side of the Rocky
mountains we see that the Rock Is
land, Notwithstanding the state legis-
lation to which it has been subjected,
increased it's revenues during the last
half of 1907 over those of 1906 by
over 100000. The whole of its
net income from operation, $4,000
600, was over a million dollars less
than for the corresponding six
months of 1906. The Chicago, Mil
waukee & st. Paul shows decrease
of approximately 100000 in oper-
ating revenues, and the Northwestern
system an increase of about the same
amount; although the Milwaukee's
net income was larger in 1907 than
in 1906.
Moving still further eastward in
to Trunk line territory between Chi
cago and the Atlantic seaboard, we
discover that the New York Central,
the Baltimore & Ohio and the Pen
nsyivania lines, both east and. west
of Pittsburgh, increased their total
revenues for the freight and passen-
ger traffic in the July-December per-
iod of 1907 over that of 1906; and
as to both the New York Central
and the Pennsylvania lines the net
income from operation was greater
in 1907 than for the corresponding
period of the year previous. The
returns from these roads indicate,
however, that the panic had it's cent
or in their territory, as there is
more notable falling off in revenues
from traffic in this group during the
panic months than on any other e1-
cepting the Southern roads.
1.-THE single New England road
taken as an Illustration, the New
York, New Haven & New Hartford,
shows an increase Of over million
dollars in gross revenues and de-
crease of about a quarter of that
amount in the net.
"The Southern roads, the Louis
vile and Nashville, and the South
ern, increased their total revenues
from traffic. their total operating ex-