The Oskaloosa herald., 1908-04-02
RAILROADS HURT
LITTLE BY PANIC
INCOME LARGER IN LAST HALF
OF 1907 THAN 1906.
WESTERN LINES FARE BEST,
Official Reports to Interstate Com
rnerce Commission Show condi-
tons lmprovins--Rock island
Makes Good Showing.

Washington, March 27.-Every in
dication points to an Improvement
generally in the railroad and indus
trial situation OF the country accord
ing to reports made by the great
railway systems of America to the
Interstate commerce commission.
These reports are to the effect that,
while the railroads suffered to some
extent by what has come to be refer
red to as the october panic" the
loss was by no means so serious as
generally has been supposed
It appears from the reports that the
effect was felt particularly by the
eastern lines and by the lines in the
southeastern part of the country,
while western and transcontinental
roads have not suffered materially.
The figures available to the interstate
commerce commission indicate also
that the general condition in the
country is improving materially,
with prospect that 1t soon will be
normal or better.
Lane Makes Comparison.
Commissioner Franklin X. Lane
has made a careful analysis of the
figures submitted by the following
railroads.; New York New Haven and
Hartford, New York Central, Baltimore
and Ohio, Pennsylvania, east and west
of Pittsburg; Louisville and Nashville
Rock Island, Atchison, Topeka and
Santa Fe, Chicago, Milwaukee and
st. Paul, Northwestern, Southern Pa
cific, Great Northern and Northern
Pacific. - -. -s~. s--...--.-
During the three months, July
August and September, the total op
Grating revenues of these roads,
said Mr.. Lane to-day, amounted te
1898, 900; for the panic months Of
October, November and December the
total revenue was $376,OO0,00O. The
freight revenues of the systems
named were, for the first quarter
$3.50, 900, 100000, and for the seconC
quarter $259,000,000. Freight revenues
for November we're larger than those
for July or September.
These systems during the last 81,
months OF 1907 received from passen
ger and freight revenues grand to
tai of $775,0O0,00, which is S54,000,00l
more than they received for the same
period in the preceding year, 1906
and their net income from operation
in 1907 was $14000,000 more than ii
1906. -"- ...
West Suffers Little.
"A study of these figures shows
that the panic, so far as it affected
the railroads, extended but slightly be
yond Chicago toward the West. II we
take the transcontinental roads reach
ing to the Pacific coast we find that
every one of them increased its gross
operating revenues during the last
half of the year 1907.
Taking freight revenues alone, the
Santa Fe system, for instance, shows
larger freight revenues in December
than in July or September, and the
Southern Pacific's December freigh
revenues were but few Thousand
dollars less than in any other month
excepting October and November.
THE Rock Island increased its rev
enues during the last half of 1907 ovel
those of 1906 by over 100000. The
Chicago, Milwaukee and st. Pau
shows a decrease of approximately
100000 In operating revenues and
the Northwestern an increase of abou
the same amount, although the Mil
Yankees net income was larger IN
1907 than In 1906.
THE New York Central, the Balti
more and Ohio and the Pennsylvan
Ia lines, both east and west of Pitts
burg, increased their total revenues
for the freight and passenger traffic
in the July.December period of 1907
over that of 1906, and as to both the
New York Central and the Pennsyl
vania lines the net income from OPP
Grafton was greater In 1907 than fol
the corresponding period of the yea
previous.
THE single New England road
taken as an illustration, the New
York, New Haven and Hartford shows
an increase of over 100000 in gross
revenues and decrease Of about
$250,000 in net"