The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1914-01-16

1903 ........... 10 Is per cent
1910 ......... 72.40 per cent
1911 ........... 76.49 per cent
1912 s.........5.-.-... 77.25 per cent
1913 ...... -. 1885 per cent
'(c) Beginning with the year 1911
he power OF the carriers to promul.
gate their interstate rates, and sub,
stantially the body Of their intrastate
4 eates, WIS placed under the super
yfsion OF the national and state gov-
arnments, so they could net adjust
heir rates to the increasing ratio OF
expenses and taxes to earnings; and
1ther governmental regulatory laws
Lave been enacted affecting the man
lgement, expenses and revenues of
.he carriers
'The lines of group one Increased
heir mileage, 1913 over 1910, first
main track owned 6S4 miles, operated
52S; all tracks owned 3 ,320 miles
operated 3,168; and increased their
property investment $225,5O3, go.
Operating revenue, 1913 over 1910,
increased 81 1913, 933; operating ex
penses and taxes increased $S4, 934.-
80; operating revenue, after deduct
ng operating expenses and taxes, de-
creased $13,535,403; or, after deduct
ing operating expenses. taxes and
rentals, decreased $I3,S93.910; or.
after deducting operating expenses,
ares and hire of equipment, decreased
S15,133 257; or, after deduct.ng operat-
ing expenses, taxes rentals and hire
Of equipment. decreased SO, 491, 764
The decrease in net corporate income
vas $23,2o7 .414.
"The increase IN operating revenue
S71s398,933, measures an additional
seryice rendered the public-increase,
1918 over 1910, in tons carried one
mile, approximately ten billion, or an
Increase of 16.4S' per cent; and in pas
sengers carried one mile, four hundred
million, or an increase of 1872 per
cent.
Notwithstanding the much larger
volume Of business enjoyed in 1918
over 1910, the power Of the carriers
o earn return on their property, de-
clined substantially
Results In Group Three.
While the showing of group one
indicates that the carriers as a whole
n the territory are rapidly approach
the showing of that group is far above
he average railroad situation in the
territory.
Group three embraces twenty
sight companies which operate 10 416
miles, or SAL per cent OF the entire
mileage of the. territory. 1t includes
all the mileage in the territory except
that of the four main trunk line con-
nections,' the coal and ore roads, the
forty-six short roads and the 'ex-
cluded mileage (the B. & o.. and Erie
@. b. & O., etc.), and embraces all
the mileage which serves generally
the people of the territory. and whose
prosperity is dependent upon the
territory.
obviously, the reasonable needs Of
the lines embraced in group three
81 per cent of the entire mileage of
the territory, to say nothing of the
forty-six short roads must control in
determining the reasonableness CT
rates in the territory, if the people in
that section are to have adequate
measurably with other sections of the
country.
THE lines in group three Increased
their mileage. 1913 over 1910-of first
main track owned, 543 miles; operated
604 miles; OF all track owned, 1920
miles; operated, 2,106 miles; and in
creased their property investment,
$99,570 844
Operating revenue, 1913 over
1910, increased $33,O25, 1870; but
the operating expenses and taxes in
creased SAB, ~ 4 1855, resulting in
decrease N operating revenue, after
expenses and taxes, of $40 IS 9I9, F66;
or decrease in operating revenue,
after operating expenses and taxes
and rentaas, of $1092T1 ,4T73; or a
decrease in operating revenue, after
operating expenses and taxes and
hire of equipment, of $13 i526,961;
ior decrease in operating revenue,
after operating expenses and taxes,
rentals and hire of equipment, OF
$1i3 ,09S,66S; and a decrease In net
corporate income of 81 :. 9SiT, 44I5.
1.-THE increase in operating reve-
nue., of 1898, OF 5 ,19e, measures an in
crease, 1918 over 1910, In tons car
lried one mile OF four and one"half
billion: passengers carried one mile,
one hundred and forty-ffve million.
t'It will be observed that after
swelling the volume of business by
this increased trafdc ana Increasing
| the property investment approx
lmateIy one hundred million dollars,
Group g har remaining, after deduct
ing operating expenses and taxes,
above ten million dollars less money
than in 1910.
DIVIDENDS Pain In 1910 and 1913.
Dividends Paid in 191 Oand 1918.
lGroup 8 decreased, 1913 as compared
with l19r1 o. S., e43 .0St5 The com
lpanies paying dividends IN 1910 in
clude the Grand Rapids and Indiana
which has not paid subsequent
ldividends,Eand the Chicago and Al
ton and Toledo, st. Louis and west