The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-07-17
Tines Dispatch Bureau.
MupBey Building,

| 1! lH'' OisPa ..ca, .R 1M, Edu.
Vashin gton. 70. Gu July 10.
| Advance figures obtained from the
Interstate Commerce Commission, and
based on the summaries in the annual
statistical report for the year ending
! earnings OF the railways In the United
States from the operation Of 227.A54.S3
/ miles OF line were, for tho year indt-
Gated, s2.5s9,105,57S, being $2B2,340,4ll
1 greater than for the year 1906. Their
1 operating expenses were $1,74S,51b,81i,
or $211.63S,543 more than In 1905. The
| following figures present q statement
of gross earnings In detail. and show
the increases OF the several items over
those OF the previous year:
Passenger revenue, $5G4. 606.343: In
crease, ;54.57a.7so.. Mail. s5o.a7s.s64;
Increase. ,soo7,511. Express. s57.sa2.-
cal; increase. se,s22.oo1. Other earn
| ings from passenger service, s12.s74.-
I, 500; Increase. s1,3B0.662. Freight rev
ienue, $1.s23,651.99S; increase. $ls3.-
,265,343. Other earnings from freight
service. $6,l13,64S; increase, $46s.426.
Other earnings from operation. includ-
!, ing unclassifed items, s74.346T9o; in
crease. s14.342.70S. Gross earnings
from operation per mile OF line aver
aged $11,3S3. the corresponding average
/
The operating expenses were as
! signed to the four general classes. as
Ifollows: For maintenance OF way and
structures, $343,544,9O7: maintenance
i OF equipment, s36S.061,72S: conducting
transportation. s970,e52,s24; general
expenses. $65,404.655: undistributed.
$551.60o. Operating expenses averaged
1851 per mile OF line. this average
showing an increase OF S775 per mile
In comparison with tho year 1906.
The Net Earningh.
The income from operation, or the
net earnings OF the railways, amounted
to $si0.5s9,764. This amount exceeds
the corresponding one for the previous
year by S5h7o1,S6s. The net earnings
per mile OF line for 1907 averaged
1886; for 1905. $s.54s. and for 1905,
$3.50. The amount OF income attribu-
table to sources other than operation
was s2S6,5s3.942. This amount In
Guided the following items: Income
from lease OF road. $l24,705.7s1; divi-s
dends on stocks owned, sS8,523.952;
interest on bonds owned. s243si,o54.
and miscellaneous income, $4S,993,155.
The total income OF the railways
(S1.127,17a, 706)-that Is, the net earn
ings and income from lease invest
ments and miscellaneous sources-Is
the amount from which fixed and other
charges against income are taken 10
ascertain the sum available for divi-
dends Such deductions aggregated
s677.712,51s. thus leaving }44o,4sl,lss
as the net income for the year ending
June 80, 1907, available for dividends
or surplus.
Dividends Declared.
The amount OF dividends declared
during the oN,ia
ing S49.297. representing other earn.
lngs to stockholders) was $3OS,137,92l,
leaving as the surplus from the opera
lions OF the year ending Juno 80, 1907,
S141.323.264 The surplus from opera
lions IS shown for the preceding year
was $112,S34,761. The amount OF de.
ductions from income as stated above,
S677.712.518 comprises these items:
Salaries and maintenance OF organiza-
tions, $64s,s35; interest accrued OF.
funded debt. S344,242.617: interest on
current liabilities. .316.671.532; rents
paid for lease OF road. $l2S.766462;
taxes. SS0.3l2,375; permanent improves
ments charged to income account, $3S,-s
552.S90; other deductions, S6S.517S17.
The preceding figures for the In
come and the expenditures OF railway
Enual reports Of leased roads, as well
as Of operating roads, and include
Implications In certain items OF In
como and also OF expenditures on ac-
count Of the fact that, In general. the
income Of a leased road Is the rent
which 1t receives from It's lessee. The
statistical report includes, however,. a
summary which presents an income
account for all the railways consider
ed as single system, from which
Sintercorporate payments are substan-
tally eliminated. II c
The complete report includes sum
mary showing the total taxes and as
sessments Of the railways by States
and Territories, and also an analysis
showing the basis Of assessment
&; Railway Mileage.
The report shows that on June 80,
1907. the to tai sing e-track railway
mileage In the United States was s229,-
951,1 miles, or $500 miles more than
at the end Sof the previous year.
& Substantially complete returns were
rendered to til Q comm issi on for 227..
{454,S3 miles OF Inc Sop era tied, y Ii Guiding
iS.325.97 miles used under trackage
rlghtR The aggregate len gthSof rails
way mileage was thus classified: Sin
gle track. 227.454.Bs miles; i second
track, II l9,42o.s2 miles; third track,
= n