The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1909-10-20
NET PROFIT FOR
EACH TRAM mile
Was 7o.7 CENTS
- U40k I'LL u0u
This Shows an Increase of
25.4 Cents Over That Of
1897
OTHER FIGURES SHOW HEAVY
RAILROAD GAINS N PROFITS

ffhllkuhu 6hlh0 IN rkUfllS
Shippers Declare Pamphlet Published
by Railroads Omits the Figures
Which Tell the Truth About Freight
Rates and Is Therefore Misleading
Cincinnati, Oct 20.-That any pro-
posed general advance in freight rates
will disturb existing business condi-
tions and that such an advance is
not justified and will be vigorously
contested by the leading shippers or
ganizations of the country was the
tenor of resolutions adopted late yes
terday at meeting of representatives
Of shippers and other commercial
organizations from many parts Of the
country, held in the Sinton hotel here.
sion Of the freight situation and 1t
was determined to at once inaugurate
q strong movement in opposition to
the contemplated advance in rates,
committee being created whose duty
it shall be to propagate campaign
of education of the public on freight
rates and to have all of the powers
of the general conference in dealing
with that subject.
The resolutions adopted are as fol-
lows:
Whereas, Mr.. G. c. Mccain, chair
man Of the Trunk Line association
composed of the Baltimore and Ohio
railroad, Buffalo, Rochester and
Pittsburg railroad, the Central rail-
road of New Jersey, Delaware and
Hudson company, the Delaware,
Lackawanna and Western railroad,
Erie railroad, Grand Trunk railway,
Lehigh Valley railroad, New York
Central and Hudson River Valley, New
York Ontario and Western railway,
Pennsylvania railroad, Philadelphia
and Reading railway, Western Mary
land railroad and West Shore rail-
road, has compiled pamphlet en-
titled, "the diminished purchasing
power of railway earning" and
Whereas, said railroads have as
sumed the responsibility for said PAM
phlet by circulating same generally
among the public; and
Whereas, the avowed purpose of
circulating said pamphlet is to edu-
cate the public; and
Whereas, the true purpose of said
pamphlet is to prepare the public for
a complated advance in freight rates:
and
Whereas, said pamphlet is biased,
partial and misleading and gives only
a section of the truth bearing on the
situation by omitting, among other
things, the following facts and
figures:
Strong Figures.
"The net income per mile of road
Of the railroads in the United States
for 1907 exceeded that for 1897 by
$1.534-an increase of 345 per cent.
The net income per mile of road
in group l., New England) for 1907
exceeded by $74O that for 1S97-an in
crease Of Al per cent.
.The net income per mile of road
in group 2 (trunk line territory for
1907 exceeded that for 1897 by S2,525
AN increase of 40 per cent.
The net income per mile of road
Of the roads in group &C. F. A. ter
yitory) for 1907 exceeded that for 1897
by $1,605-an increase of 521 per cent.
The. surplus from operation of
reads in group for 1897 was $25S
per mile greater than the net income
Of the roads in said group for 1897.
'The' net income of all the rail-
roads in the United States for 1907
was $449, 9,461. .lSS.
"For 1897, sS1,257 .506. Excess 1907
over 1897, s36S ,2o3. .6S2--an increase
Of 453. per cent
THE surplus from operations of all
the railroads in the United States for
1907, exceeded the net income for
1897 by $60,065,7S5.
"The amount of stock paying divi-
dends Increased from 81 ,6O3, 3,549,97S in
1897 to $4,94S, 1861 in 1907-an in
crease of s3,345,2O6, ,225.
"The rate of dividend on stock in
creased from b.43 per cent in 1897 to
6.23 per cent lin 1ao7--an increase of
14.7 per cent.
Train-Mile Cost.
"The revenue per train mile, all
trains, Of the railroads in the United
States for 1897 was 1882.
"The average cost OF running a
train one mile. all trains, for the
same year 3was 92.9 cents.
profit 45.S cents per mile.
"The revenue per train mile, all
trains, of the railroads in the United
States for: 1907 was $2,177.
The average cost of running a train
one mile. all trains. for the same year
was S1.47.
/, Profit. 70.7 cents per mile.
For 1907 the profit per train mile,
all trains, exceeded the profit for 1897
a u
IS per, cent.
-,"Now; therefore. be it resolved by
shippers" from all sections Of the
United States in conference assem-
bled:
"FIrst--That as said pamphlet does
not set forth all the technical facts
and ID biased and misleading, said
document is not a proper one for
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