The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-04-15

ALLOW SHIPMENTS OF FREIGHT TO CT
THROUGH TO DESTINATION WITHOUT Re
OADING.-REsULTING IN PER DIEA
CHARGE AGAINST EACH ROAD FOR "FOREIG.
AIRS IN IT'S POSSESSION. AND SERIES Ol
CREDITS AND DEBTS WHICH ARE TO /
-ARGE EXTENT BEYOND THE CONTROL Oh
THE RAILROAD COMPANIES ALL AS FULL!
EXPLAINED BY MR. STEVENS IN HIS TEST
AONY
And with all these,
DECREASE OF REVENUE DUE TO THE two
CENT FARE LAW AND A LACK OF ANY IN
CREASE IN FREIGHT RATES
The following is from Mr. Stevens testimony:
II now draw your attention to the results Of the
operations of the company during recent years by
fiscal years, the fiscal year ending June 80.
For the fiscal year ending June 80, 1909, there
was surplus Of $4,000, and for the fiscal year
ending June 30, 1910, there was another surplus
Of $489,006.
For the fiscal year ending June go 1911, there
deficit Of 81, $4,000 BY that mean that
the company failed by that amount 70 earn enough,
and to receive enough from its passenger and
freight business and other income outside of its
passenger and freight business, to pay its Oper-
ating expenses, its taxes, it's interest charges its
rentals and its hire of equipment.
BY Mr. Young: What should cause such tre-
mendOus amount OF difference between 1910 and
Isil,-one year $46sOoO credit, the other year
81 813, 900 deficit?
A. coming to that, Mr.. Young l will
explain it with considerable particularity; and it
will show you some of the trials and trbulations
OF railroad management that you don't hear
about on passenger trains. There people per-
haps who,-on seeing those figures representing a
change in one years time of =, 200 900 and over,
that is to say, change from surplus of about
$4oOOOO to deficit the next year of 81 8O0, OOO,-
would think,-and as many men 60, would imme-
diatey charge, in the lOoseness of conversation
that goes on about ralroads-that there
something corrupt in that situation that some
body had been milking the road
Mr. Young: They would be just in the cOndi-
ton that am in now; they don't understand it.
A. Well, one of the advantages OF this investi-
CATION. hope, il that the committee at least will
understand some of the difficulties of financing
railroad operations.
A. matte, of fact the road ,oas not 'wilked'
There ,cus Nothing corrupt IN that situation. No
stockhoIder during that time received a dollar of
dir1dends. directly indirectlv either thGt uedr
any year since 1908. No money uas improperly
taken Oxt Of the cOmspanys treasury under any
gusse or torn. Dhatecer, I believe and
think k~o,c. You oan be furnished 10Th the ful
est details on this subject and going to give
y0u a number of them"
Whereupon Mr.. Stevens proceeded to state fact
,hich are summarized as follows
In the last mentioned year, the Company had n,
reater income than in the former year.-in fact 4
title less it's gross earnings having fallen of abOu
rs, 0OO,-YET 1T PAID OUT IN WAGES 81.
~, 900 MORE THAN IN THE FORMER YEAR
ne largely to increases in wage schedules. In tn,
ormer year. the total amount paid out in wages o
Employees had been $685., 900. while in the follow
ne year, without any increase OF gross earnings thu
company paid out in wages of employees a total U
Y ,579, 900.
Quoting from Mr. Stevens testimony
"You may be interested in knowing How differ
ent classes Of employees shared in that 81 O22, 900
To its engnemen in the year ending June 30,
1911, the company paid total of $685., 96S, in
crease OF $9S,72S
To its fremen $413, 004, an increase OF $37, 600
To its conductors $47l 1853. an increase Of 500
900
To its other tranmen a total of $941 ,902 an
increase of $33S,G70
To it's machnsts S247 ,545, an increase of S36,-
346.
To its carpenters, $19l 1913. an increase of So.
279.
To its other shop men, this being according
to the classification that is commonly followed in
making up these schedules-$1,27 7 ,2S9. an in.
arease of s134,ST2.
To it's section foremen $2S3S79 an increase of
S29013
To its other track men, $685., O25. an increase of
s129,4ss
To it's switchmen, fagmen and watchmen, $780,
S94 an increase Of S9,S39.
70 It's telegraph operators and dispatchers,
}e87 4o6. an increase Of @27,63s