New-York tribune., 1911-02-22
D., |. & WIS YEARLY REPORT.

In his annual report 70 the stockholders
of the Delaware. Lackawanna & Western
Railroad, " n Truesdale, the president Of
The company, deplores legislation against
The railroads saying that legislation now
pending ID Congress and in the several
state legislatures "is "a great in volume
and, in many respects. more radical and
trdensome than at any time in the past
his introduced and being pressed FOR pass
age chiefly for political purposes and with
fhe view Of securing the votes supposed 20
te controlled by the labor leaders and the
element that has been educated TO he
hsye that the railways are enemies Of the
public and that their complete regulation
and control both as respects their reve-
nles and expenditures. should be turned
over 10 government authority.
In the recent hearings before the Inter
state Commerce Commission at Washing
ION general attack was made on the
Methods Of MANAGEMENT Of the railways Of
the country
On this point Mr Truesdale says: 1T was
claimed with great assurance and audacity
that they are wastefully and inefficiently
administered As bearing on this question,
htile if any proof was submitted substan-
uating the claims made a general sweeping
Indictment was drawn and argued by the
legal talent representing certain interests.
Without attempting any general Gefence Of
he railways 10 this unjust claim, q brief
Comparison Of the operating results of this
company for the year 1919 with those for
the year just closed will be Of interest and
hat Hr - M o ~
erroneous and unjust as applied TO the
railways OF the country as whole. The
operations Of the year 1ao as compared
with those Of 1900, show the following in
peases Total tons Of freight handled, 90
feI cent. tons handled one mile, 50 per cent;
toial Passengers handled. so per cent; pas
tengers handled one mile. II per cent
{ This service was rendered with an in
crease OF but per cent in freight train
mileage and 3 per cent in passenger train
mileage The increase in tons handled
freight train mile was "A per cent, the earn
ingS q freight train mile CO per cent and
Passenger train mile 90 per cent. The total
incrtase in cost Of transportation was but
q per cent
The results as to total cost of trans
lortaton as applied 10 units of traffic. l. e.
he cost ton "a mile and passenger mile
Combined, show d decrease of 25.7 per cent
There was substantially no increase in mile
iee Of main tracks and the Increased traf-
Y wss handled with an increase OF but
= per cent ip number Of locomotives, 10
Per cent Of passenger train cars and 4.3
PEI cent Of freight train cars in service
The Lackawanna's gross revenue for the
year ended December 81. 1910. were larger
ihan in any preceding year in the history
o. The company with the exception OF 1907
amounting 10 S36,G2, 932. against &i,Sl5,On
II 1877, S32sss 4s5 in 1905 and s57.26447S in
~ Detailed results for three years fol-
ow.
SSross o. rev. s3s o52 9S2 s34sl5oll s32 SOS SOS 493
''sf expenses. 20 628. .44s 1s.745,5C9 ls'e2S'ooo
Ne orer rev SIS. 42e. .4s4 SIC Oe9 5o2 sl4.274s4oo
o1'siae op net 30 $50 Se4,6s5 l55,s99
Total ret evsI5. $40 go SIG 484 ls7 s1449o 55S
te''s .......... l5ls825 l.89a,1OO i'I0o'oDO
Qper.. income l4.121.3l5 s15089 es7 $13 249 9$9
V''t income. 4,547, 1896 s.41d'sos ''NoO'-DI
To,sl income SIS. .eoo. 81 s2atI8595 SIS 1870 1so
--'- rent etc. 5.405.2o9 5.+84's4o o'1'l''o-
Halsnce .... Si3. .2e4 1902 SIS O7s $50 s13.4Is12s
'adit ana bet 2542.li7 2O39.454 2'7sl'ooa
Surplus - $50 721 ss4 s19979 1876 $40 S9a l.3 i3'
Dl'esrds ..... G02s 500 5s5l5s6 o'z4oVoo
Surplus ... s4.ea3 is4 s1o1i7eO9 s5.i57i i2S
'EqU8I n 85 ~ per cent earned on $50 Ooo
40 compared With 297 per cent earned ON
sane stock last year.
The tonnage Of anthracite coal handled
was slightly less than in the preceding
e~s, as also We're the earnings. The De
.iesse in earnings was, however chiehy
Que 70 the rate ton mile being less than
~ the year before. The tonnage of mer-
chandise freight handled was larger ana
ue Earnings thereon substantially more
man In any preceding year. The increase
u the cost OF maintaining and operating
me properties Of the company In the last
rear is most striking, exceeding the IN
,fease in gross earnings by more than
ciPeo. This is accounted for chieny by
ne general increase in wages paid 20 prac-
@csiy All classes of employees on all ralls
,gfays east Of the Mississippi and north Oh
'"e Ohlo rivers.