Bisbee daily review., 1908-07-24
INTERSTATE COMMERCE REPORT OH
 RAILROADS FOR THE YEAR 1907

Iating expenses to earnings for the year 1907 was 6T.53 per cent. For 1906 this ratio was e6.0S per cent. Earnings and Expenses. The gross earnings of the railways in the United States from the oltr-| ation of 227 ,454.S3 miles of line were, for the year ending June 30. 1907. $2,- 5S9, ,1e5, ,57S. being S25Ss s340.411 greater than for the year 1906. Their oper9t- ing expenses were $1,zS4, ,5tJ.hl3, or sz11 .63S, ,543 more than in tg0b. rEe following figures present 8 statement 1 Of gross earnings in detail and show the increases of the several items over those of the previous year: Pas senger revenue, $564, soc, ,343-increase $54. .57S, ,760; mail. S50.37S. .964-- in crease, $3, ,007, ,511; express, $57,332. 931-increase. S6,322.001; other earn. angs from passenger service $i..674, S99-increase, $1,369,6bs; freigbt rev enue. $1, ,S23. .651. .99S-in Teases S1SS, 265, 5,343; other earnings from freight service, S6, ,113,64S-iacTease $6S,426; other earnings from operation, includ- ing unclassified items, $74,346. .795- increase, S14,342, ,70S. Gross earnings from operation per mile of line aver aged $11. .3S3, the corresponding aver age for the year 1906 being 1923 less.
 The operating expenses were as signed to four general classes as fol lows: For maintenance of way and structures. S343, ,544, ,907; maintenance of equipment, S36S, ,061, FPS; conduct ing transportation. s970,952. .924; gen eral expenses. S65, ,404 ,655; undistsib- uted, $55l 500. Operating expenses averaged s7,6S7 per mile of line, this average showing an increase of $775 per mile in comparison with the year 1906
 The income from operation, or the net earnings of the railways, amount ed to $S40, ,5S9, ,764. This amount ex- eeeds the corresponding one for the previous year by S51,70i, ,S6S. The net earnings per mile of line for 1907 averaged S3.696; for 1906, S3,54S, and for 1905, $3,lS9. The amount of in- come attributable to sources other than operation was S2S6. .5S3,942. This amount includes the following items: Income from lease of road, SPA, 7O5,- 7SI; dividends on stock owned, $SS, 52S, ,952; interest on bonds owned, SPA. 4.361 ,054, and miscellaneous in- come. s4S,993, ,155. The total income of the railways ($1,127, ,173, 706)-that
 
 lease. investments, and miscellaneous sources-is the amount from which fixed and other charges against in come are taken to ascertain the sum available for dividends. Such deduc- tions aggregated S677,712, ,51S, thus leaving S449, ,46I. .1SS as the net in come for the year ending June 30. 1907, available for dividends Or su-- plus.
 The amount of dividends declared during the year under review Gin eluding S49,297 representing other earnings to stockholders was SS0S.- I3I924, leaving as the surplus from the operations of the year ending June 30. 1907, S141 1928, ,264. The sur plus from operations as shown from the preceding year was SIP, ,334. .761. The amount of deductions from in come as stated above, S677,712, ,5IS comprises these items: Salaries anu maintenance of organization, S64S, 1885; interest accrued on funded debt. S344,2 ,242, ,617; interest on current lia- ibiHties, s16,671 ,532; rents paid for lease of road, S12S,T66, ,452; taxes, l$S0,312,3T5; permanent improvements charged to income account, $3S, S90; other deductions, S6S, ,517, ,S17.
 The preceding figures for the in come and the expenditures of rail way companies are compiled from the Iannuai reports of leased roads, as well as of operating roads, and in- iclude Implications in certain items lof income and also of expenditures Ion account of the fact that, in gen Ieral, the income of a leased road is the rent which it receives from its lessee. The statistical report in cludes, however, a summary which presents an income account for all the railways considered as a single system, from which intercorporate payments are substantially elimi- mated.
 The complete report includes a summary showing the total taxes and assessments of the railways by states and territories, and also an analysis showing the basis of assess ment.
 Railway Accidents.
 In their annual reports to the inter state commerce commission, carriers include returns for all casualties to passengers, employees, trespassers and lother persons. The following figures lare therefore not comparable with de itafls in the Commissions Accident