Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-02-25
GAIN IN INCOME
FOR RAILROADS
Figures by Statistician AS
kew Show Slight Com
parative Increase

Special % paIis News
Austin. Tex. Feb. - H.. G.. A.
Kew. statistician OF the leading Texas
railroads comprising over 80 per cent
.of both the mileage ana the business
done, has completed a compilation
of financial affairs Of 81 OF the lead
ine lines OF the stat. covering the
first siX months of the present fiscal
year ending Dec 81 las. This re-
pert does not indicate the railroads
are exempt rom the depression Incl
dental to the series Of unfortunate
conditions that has prevailed in this
state for the past year or 90.
In the matter of total operating
revenue these 81 roads for the period
covered show a rain of $500. 36i 81
as compared with the corresponding
period of ,he previous fiscal year.
but this is inst about offset wi.h an
Increase of S'59.2l9.Sa Increase IN
operating expenses. leaving net
operating income iucreasn OF but
Sll1il.Ni for the period. as com
pared with the correspondent. pnr.oi
OF the previous fiscal teag. Under
the head of other income" how
ever, ,hc roads show % gain %, sp5l-
'&I.ll over tho same pcuol of the
lroceedine -l year Thi leaves
/ "a gross corporate iuCou which De-
the operating rrrIu, less the op-
Grating expenses plus other income
of $lG79f.1.NfN for the six
months oudme ur,eUbcr 30 last. a
gain If $296.c7S.l5 over the CORES.
.pondng six months Of the proceed.
ing year
Ou' OF this gross corporate in.
come the % roads must pay all OK.
pcusas fiNed charges and the like
including taxes "hcn these item.
are net il IS found TINT The available
net corporate income with which "a
make additions and bettcrments and
TO pay dividends - stockholders
amounts tp Sf,N2).1p01,. which O.
sl.5o3.oN-.eT less than was avail.
able on Dec g.. l9i1
Practically evCrv item entering In.
To the odtgo os The 81 roads shows q
bic increase FOR n" first six months
Of the present riscll year as comrar.
cd with TIE cCr,rscordns period oil
the Immediately prcvious year Taxes
for instance. show an increase a
sG74,9lI17. AIl..icus and better
ments, though iorelv needed, have
Lon account Of lack Of available funds
fsten cyrtailed nearly a million dol
lars for the period covered as CON.
pared with the Same period cf tho
previous fiscal v'tr 20 he exact
ISlNQ,Q95.Oi.
While the uel- Cbrlorp' income ui
these 81 roads was S.22i17N1}
for the six months ,UdjrE Dec q
/ 1870. the first halt pf that fiscal year
IL amounted 10 only ssg2.t-555 oI
Jurc 80. 1911. the end 90 the fisca
wear. II would. therefor, follow IN,
net income sh1vl fot thc 80 com.
nanies 70 rthc siN mouth. ou1Ius Drc
81. 1911. Of S2.S2rlo1I, Indicate.
that this viii be reduced hy luue 80
1ol2. 10 about s5972VlGs. which
win be the whole amount ayaiian,
or. Of the gross recei1,s of 40, veal
for the following PURPOSES addition,
and bettermcnts. dividends To- stock
holders and reduction pf 0utsandin,
floating debts against W1u, of d.,
companies, oorasiCncd bv failures 20
prior years to receive grpse eyonrc,
adequate for the purposes of mpciin
all necessary and o5'rgior, cv
penses. A. the statements Of tI.s,
.Gl companies show thar. d.rn- o.,
six month ending Dc %. l9l1. On,
interest charges on such other debit
amounted 10 Sl.70o. -2o.-o o. IS ol
iously 10 tn interest of The .lm
panios and Of the public that tm
principal of the amounts ON W1't.
such large sum of Interest mast h
paid should be gradually los.eupd %
somo extent al least ont ol c1.l
Years receipts.