Evening star., 1913-11-25

revenues of $7SOOO,G0O more than for
1910, suffered a loss Of So, 100000 in oper-
ating income.
Besides the loss in net revenues for
the year ending June 30, 1913, as COM
pared with 1910. the figures for these
thirty-eight roads for the three months
of July, August and September. 1913,
show a decrease in net operating earnings
OF $6,931 1858, or approximately 20 per
. Mr. Maxweii directed special attention
to the condition Of a special group OF
roads which. as claimed by +. A. Delano
sentative of the whole situation in Cen
tral Freight Association territory.
In 1913 roads in this group" Mr.. Max
well asserted, learned $63, 100000 more
than in 1903. which is known as the panic
year. and operating expenses and taxes
were B2,OOOOOO more. Net earnings.
after paying expenses and taxes We're
only LOCO more than III 1908. The net
corporate income of these properties was
actually sSGUo.O6o less than i'm 1908. al
though during this fiye-year period $780,
OOO,OO0 new capital was put into these
properties
In 1913, according to Mr.. Maxwells fig
ures, the roads in It's group earned $36.
600. 600 more than in 1910; operating ex-
penses and taxes were $45.OO0.OOo more
than in 1910, and the net. after operating
expenses and taxes, decreased $500, 600.
while the corporate income decreased al
most 100000.
Review by DR.. Dixon.
Dr. Dixon, who directed the preparation
of statistics submitted yesterday for the
railroads. reviewed those figures today
in detail He also stated that the total
operating revenues for the respondent
systems were greater by $1S1.O0e,00O In
1918 than in 1910. and that operating ex-
penses taxes and net revenue from out
side operations were greater by about
SlG4 100000, so that operating income
S owed decrease arproximating $l3,
900, 600, despite the fact that there was
an increase of $500 OW,O 600 in property
investment. Railway net return for 1910.
he said, represented 81 per cent upon
capital. while 104 manufacturing con-
Germs in the United States showed a cor
responding return of lis per cent, and
the net return for all manufacturing in
dustries in the country was IL per cent
Aggregate compensation to railroad en-
ployes. excluding general officers, in the
group affected increased. according to
DR.. Dixon, from s364. 100000 in 1903 to
1851, 600 900 in 1912. or SO per cent.
At the present time the average wage
of engineers passenger or freight, Is
ST 600 a year, the average wage of a
fireman, $500 year; the average wage OF
q conductor, 81, 451, and the average wage
Of a trainman. S1,O16 year..
Protests, Filed With Commission.
Protests against the proposed per
cent rate increases as well as protest
against the appearance of Louis d.
Brandeis on behalf of the commission
were filed at the interstate commerce
commission late yesterday. The protest
against Mr. Brandeis came from I. I.
Spellman, an attorney of New York.
The Pittsburgh Coal Company and the
New Pittsburgh Coal Company of
Pittsburgh. Pa, and Columbus. Ohio.
filed protests through Charles NJ. John
ston, E c. Morton and Frank Lyon,
who later will argue against the in
crease. Rush c. Butler. representing
the Freight Traffic Association of the
Chicago Association of Commerce, also
noted an appearance.
c. NJ Bunting of the Pennsylvania
system. testified yesterday that the re-
turn on property investment Of that
system had shown declining tend
ency since 19u3 and a steady decline
since 1910. He then gave specific
figures to bear out his statement.