The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-06-29
EXPENSES
KEEP ON GROWING.
Figures Are Given BY Their Sta
tistician, Fl. G. Askew.

"'t'"hF bAs W. EhbfAtns
Austin, Texas, June 80. - Ac-
cording to a compilation just com
pleted by H. G. Askew, statistician
for the leading railroads, for the
first ten months of the present fis-
cal year, ending April 80, last the
increased cost of living prablem
is becoming a vital one for the
common carriers of this state
This compilation shows the results
of the business done by thirty one
of the larger roads in this state
during the ten, months period.
With the single exception of the
Orient every one of the larger lines
in Texas contributes to the to-
tails.
For the ten months period COW
cred by the thirty-one roads had
Ia total operating revenue of $780,
402, 210,.e0, which is an increase
of $2,507 ,000.34 over the total OPP
Grating revenue for the correspond
ing period of the preceding fiscal
year. On the other hand the thr-
ty-one roads had operating ex-
penses of $6S,76e,3 391o during
the period, which was an increase
lof $4,000, 021. 80 over the operat
ing expenses of the corresponding
period Of the er.esains fsss:;s IS. .s.:...
hire of equipment and miscellan-
eous items) the road took in dur
ing the ten months covered by the |
compilation 1874 ,906.50, or S610,-
079.24 more for these items than
was received during the cores
ponding period of the preceding
fiscal year. The gross corporate
income" of the thirty-one roads
for the ten months (and gross
corporate income is the total opre-
ating revenue plus the other In
come, less the operating eXpenses)
was $22, $500. or $456,04s.5o
more than it was for the cores
ponding period of the preceding
fiscal year.
Out of the gross corporate in
come" the roads must pay: Taxes,
which for the period covered by
the compilation increased during
the period covered by the compila-
ton S522,13789 over the cores
ponding period of the preceding
fiscal year; debit balances, hire of
equipment, rents and other legal
fixed charges These items for the
thirty-one roads for the period
treated aggregated s22,9O6.7 70.70,
or s3,206,7S0.25 more than for
the corresponding period of the
preceding fiscal year.
After substracting these fixed
charges from the gross corporate
! income of the roads it is found
that the net corporate income for
the ten months compiled was
deficit of 1918, 08S.40. whereas for
the same period of the preceding
year the thirty-one roads had a
net income of $2,437,642.35, or
a difference in favor of the pre-
ceding year of $2,S10,739-75.
Normally additions and better
ments (Which is the technical term
for improvements of existing pro
perties) should be paid out of the
net income But for the period
covered by the compilation the
4 thirty-one roads as whole had no
net income However, during the
ten months ending April 30, 1911
the thirty-one roads spent for these
improvements to existing properties
the sum of $6,413,20121, while
the same roads spent but S5,346,-
/ 427.47 for such Improvements dur
ing the ten months ending April
} 80 of this year, which is $1,000
: 773.77 less than the amount spen'
: during this period of the preceding
fiscal seer. Students of economic
questions ought to be able to draw
conclusions from these figures tina
= will solve the old riddle OF wher'
l the frog seeking to get out OF th'