Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-15

pepses to operating earnings in 1907
Was 60.1,. and in 1902 1t was SIS.
The total capitalization OUTSTANDING
of the operating and lessor companies
in 1907 was $3,774,772.096, while ir
1902 it was $2,3Os. 2s2.099, an increase
of 63.5 per cent.
The report observes that with few
exceptions the percentages of in
crease are very uniform and indicate
a large growth between 1902 and 1907
The unusual increase in the number
of cars other than those for passen.
gers is accounted for by the rapid de.
velopment of freight business on in.
terurban lines. The very large gair
in the output OF stations is due large
ly to the increasing practice among
railway companies of operating cleo
trio light and power departments
The item of income from other
| sources than earnings from operation
comprises interest and dividend on
securities of other electric railways
income from other permanent invest
ments and income from miscellane-
Gus sources, such as interest on de-
posts and rentals from real estate
The high percentage of increase in
j
extent to which electric railways have
| become connected with these mis-
cellaneous interests.
There were 101 companies reported
| at the census of 1907 as having prop
critics under construction, but not in
operation during any portion of the
census year. This indicates, approx
mately, the amount Of new develop
ment work in progress in 1907. These
companies reported 675.S5 miles of
| traks as completed by December 81.
1907, and an estimated total of g.
1870 miles of track for the roads
when completed. Their total out
standing capitalization had par
value of $232.29S.844.
The report states that. measured by
trackage. the average operating COM
pany reported at the census of 1907
was about three and one-half times
as large as the average company at
the census of 1890.
1t is noted that the average number
of passenger cars per operating COM
pany was the same at the census Of
1907 as that of 1902. this being re-
suit of the general use Of larger cars
at the~later census. The average
number of fare" passengers per car
per year was 106.277 at the census of
1907 as compared with 79.1S7 for 1902
and 62.237 for 1890.
The percentage of total trackage
operated by electric current increased
from 1873 in 1890 to 80 in 1907. Ami
NAL power was the most important in
1890, being in use on 69.7 per cent. of
the total trackage. By 1907, how
ever. the proportion of trackage
operated by animal power had de-
creased to four tenthS of l per cent.
Referring to the GAS operating COM
panies, the report states that the use
of electricity by line transmission
was reported by 9O2 companies, with
"a. O3419 miles of track. Electricity
was one of the classes of power USED
bv every company employing more
than one kind of power. The electric
railway companies owned or leased
more than IS per cent. of the track
used for horse cars. over 66 per cent
of that operated by cable. and over 80
per cent. of that operated by steam.
The greatest actual increase in the net
trackage in any state was reported 1or
Ohio. the increase amounting to 1887 sc
miles The next largest increases were
in Indiana, with 1,27215 miles: Pennsyl-
vania, with 1,257.49 miles; California, with
11S4.39 miles: Illinois. with 1,O9tl5 miles,
and New York. with 1,Ol129 miles. Inc
largest relative gain occurred IN ldaho'
when the track increased from $50 miles
in 1902 to 1899 miles in 1907, or 1855 per
cent. The smallest actual increase. =
miles was reported by South Dakota,
while the lowest rate of Increase 80 per
cent is shown for the District of Column
bia and Montana. The large gains in the
mileage of track in Ohio Indiana, Cali
fornia. and Illinois can be credited MAIN
Nv to development of interurban llnes'
while the increases in Pennsylvania and
New York are due to the growth of both
urban and interurban lines
The use of electricity has made 1t pos
sible to increase the size of the passen-
ger cars which accounts for the fact
that there was, from 1902 to 1907. an in
crease In the total number of only ISL per
cent. The truth of this is evidenced by
the. fact that the increase in the number
Of fare passengers. $50 per cent from
100, to 1907. was much greater than the
corresponding increase in the number of
cars.
The greatest absolute increase in the
number of passengers carried was re-
ported for the roads operating in the
North Atlantic division of states. while
the largest percentage Yf increase for the
period 1902 to 1907 was for the South Gen.
| trail division.
The largest increase in the number OF
| rides per inhabitant in. 1907 was shown
| for the Western division. after which
came the North Atlantic, North Central
South Atlantic and South Central, in the
order stated.
The amount reported in 1907 Is cost of
construction and equipment is more than
nine times as great as in 1890 and over
| one and two-thirds as great as the tota
| for 1902.
The income from passenger service
! formed 80 per cent of the total income
| from operation in 1880. but this proper
| ton decreased to 945 per cent in 1902 ano
| - OF 4 nor cant in 1907 The nercentage