New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-04
Pennsylvania R. R.
HAS PROSPEROUS YEAR
Not Revenue Of Real Operations
Gag. 693.133. a Gain Of 3d.
755.201 Over 1911.
slMUEL REA'S COMMENT
o,,;eves Erdman Act Should Be
Amended TO Serve Best
interests of All
Concerned.

-., pennsylvania railroad system,
ting more than ll.5Co miles. issued
" .snor, for tho year ended December
,qa YESTERDAY. The statement gives
=. ,rafic. operating and other statistics
-. the lines directly operated cast Of
D.,sbureh. and shows the financial re
.. NJ ALI railway. ferry, bridge and
',nal corporations both cast and west
Of that city
ro,al rail operating revenues for the
wero sl74 So. 59S. the largest in the
.,,,orv Of the company. and an increase
i901S5 or l0S7 per cent. az com
..d with 1911. Rail operating expenses
80 also the largest in the history OF
=. COMPANY. showing an increase OF
,,iea1. or ll.N per cent caused princi-
.,rv by the greater traffic. which made
cesar not only larger OUTLAWS FOR
,-,nsportatiou expenses, but for repairs
,,d renewals as well.
nsspi,e an increase in operating OK
.,,s,s the not revenue OF rail opera
,ons after taxes. amounted 10 $50 500 1893,
rain Of 81. ~. col From sources other
han operations tho company derived an
,come OF N9,9s9. 49, bringing the Gross
,..o,oo account VI 10 s5S.9s9. SOS, which is
esss5s in excess OF that shown at tho
,,d OF 1911. After deductins siH,4s2's SEQ
:, rbich s9,.1es.9lS was for cash divi-
,,,ss for charges other than operating,
40 surplus for 1912 was sl,6olloG.
ronmen,ins on the years earnings
President Samuel Rca said:
The increased express traffic resulted
+, greater gross return TO the company.
Tho future effect Of the parcel post on
,rnrsss revenue cannot as yet be deter
..;ncd nor IS il known what effect the
.s.rre in express rates. ordered by the
Interstate Commerce Commission VIII
,.ye upon the revenue received from the
.,p-sss company operating over our
Ines
~ir the TRANSPORTATION Of United states
.srs the revenues show q decrease, al
a,,,b the volume OF the traffic in
.s,sed The rates are fixed by Congress
and ,hcre is q Congressional investigation
q the subject at the present time. II -
soped that. after due consideration IS
syen 10 the value % this service and to
,se special facili,ics It requires remuncr-
alive rates will 10 uaid.'
Referring 20 tho recently averted strike
n the fremen by the railroad companies
* eeins tc submit 10 arbitration under
Is, provisions OF the Erdman act. Mr. Rea
said:
gsnsidcrin. the magnitude 81 the IN
,,-ss.s in ini.. country and those countries
viii which 60 has commercial relations
that would ne affected by the interruption
n railroad traffic and the serious results
,.,i would ensue therefronl; the stoppage
r food supplies. fuel and other franc
m. Inconvenience. losses and suffering 10
he general public. whose interest IL para
Mount. and 20 tie workers in other indus
mes dependent on q reliable transporla-
rcn service and in no way responsible 10Y
,'lwav disputes. and the failure OF
strikes 10 produce any permanent adv2n-
ayes 70 either the employees and their
antilles OF 10 the transportation COM
ranies. careful consideration should De
gwen TO the recommendations Tor the
amendment OF the E1dman act which
AVE been made from % many sources IN
arrested in the wellbeing Of the country
The experience arising from these
anger wage controversies places serious
ssponsibllity upon those whose duty II i
70 enact proper legislation governing the
'siauons between employer and empio!e'
70 consider whether the Erdman aci
,aosld not be amended 20 increase the
number or arbitrators and thereby con
't,ue board OF sufficient size 10 prop
Hly represent the public as well as the
narties TO the controversy, and 10 direct
he hscesssry far-reachinG Investigations
ard fully share the responsibility or an
impartial determination OF the equitable
and economic questions arising from such
Disputes 1t will also be found necessary
provide longer time than the thirty
GAYS specified IN the act Cor the consldsra-
uon Of the subject and the rendering OF
decision
II nay not DC possible 10 prevent
strikes or lockouts by requiring compul-
WY arbitration. but II IS wise 70 con-
msr whether an obligation should not
paced upon the employer and employe
advise the authorities Of the questions
hsie before any lockouts or strikes
an become effective so that by due pub
eston and inquiry the government ana
ne public NAV be fully Informed OF the
a'snt OF the controversy and its causes.
'he tonnage OF the Pennsylvania Rail
'.o Tor the year increased l452 per cent
'AH tonnage mileage increased 1885 per
W. While the freight train mileage in
''ased only 1895 per cent, due 70 an IN
I'ased train load OF 2I7 per cent. The
Nsseneers carried increased 742 per cent,
''n increased passenger mileage OF 81
~ cent, while In the face OF this the
""shger mileage increased only l.sS PEI
'"N que TO the average number Of pas
"asers train increasing 4.A per cent.
"'ef deducting from net earnings all
N'ses' excepting dividends, tho years
Titus was SIS ss01o2 This is equivalent
more than per cent on the 500 $3.50
~, 80 stock Of the railroad company out
Handing.
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