The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-10-18
New Industries Establish
ed Number 335
WAGES ADVANCE 100000
Passover and Freight Revenues Show
1920 Per Cent, Gain-Annuai Re-
port For Fiscal Year Is Issued.

IoAe vi kNGA AS"A - oeNN
With a total gross income of s1e,
8~77,156.15 and 355 new industrial
plants completed and 72 more undel
construction along its lines, the South
ern Railway, in its sixteenth annual
report, which has just been made pub
lie, shows the road to be in a better
condition in every way than at the
time of the last annual report. The
report IS for the fiscal year ending
June so. 1910.
The total gross income shows a gain
of s2,139,456.67, and this is only in
line with every other branch Of the
income report, which shows q de-
cided gain in almost every depart
ment, The only case in which any de-
crease was shown was in the miles Of
road operated, where there vas a de-
crease of 12O.19 miles, and the add
tons and beuterrnents which showed
a decrease of ~S25,912.27. The net
revenue from outside operations also
showed a decrease of s117,983.03.
n net revenues of the road for
the year increased s1,921,663.33, while
the operating income went from $14,-
e3e,SS7:7S to s16,69s,02o.o3, a gain
Of $1,858,621.05 for the year. The
balance which was carried to profit and
loss is S5,7O4,645.70, an increase OF
$2~,193,545.46.
The umne OF industrial plants
along the lines operated by the South
ern shown the past year Is due to a
large degree to the active campaign
which the road has always carried on
in such matters. The 355 plants which
were completed last year, as classified
IN the report, follow: Brickworks, IS:
cotton seed oil mills, ..21; fertilizer
works, 8; flour and feed mills, FL: fur
nNure factories. Z; iron Industries, 81;
lumber mills, 50; stone quarries. coal
mines and others, 80; textile mills, 49,:
woodworking plants, 16; miscelle neous
plants. los.
important changes took place in The
capital account during the year. The
property Investment increased s14,O61,-l
558.2s, Of which s3,923,593.70 was N
road and s10,137, 9s4.59 was in equip
ment. The increase in the road ac-
count was due to additions made dur
ing the year, but the increase In h
account was largely a re-
adjustment made necessary to better
meet the requirements Of the new uni
form system Of accounting, prescribed
by the interstate Commerce Commits
sion. There were, however, actual net
additions to equipment during the year
costing $844.772.15.
The whole report shows an improved
ment in business during the year.
Freight increased 1877 per
cent passenger revenues 9.92 per cent
and total operating revenues 10. 80 per
cent. The gross operating revenues
were the largest in the history Of the
But at the same time the
increase in the total operating ex-
penses was 9.s1 per cent, which was
almost as much as the increase of
operating revenues. Jnsistent effort
mas been made, according to the re-
port, to Increase the efficiency Of the
operation. looking especially to MAN,
talnlng 4 reasonable ratio between
transportation expenses and gross rev.
enue.
The Increase in the wage scale
which has just been within
the last month or two will bring the
annual pay roll Of the at
least $4,000, 900 higher than it has
been before.
over 100000 0O worth Of bonds
were redeemed within the past year,
and in addition to this S548,OOO worth
or underlying bonds, whose date of
maturity was approaching, We're
bought up. No new construction was
undertaken during the past year, and
there remains from work previously
begun about 80 miles Of track to be
finished. The Lynchburg tunnel, in
which the disastrous fire occurred last
year, is part of the work, and the re-
port IN regard to this work states that
it will probably be finished by this
fall.
No nest is more uncomfortable than
the one that is with stolen
fnery.