Strike bulletin. (Clinton, Ill.) 1913-1915, 1914-05-05
FINANCIAL CRISIS FOR
RAILROADS IN TEXAS
The sh"p~~s's STRIKE Has Cost the Hartman
Lises Wiiit"ss. of IaaIsss.

General II q Askew. statstictan for thr rrlnci-
pal Texas railroads. has just completed a
mary of business results Of thirty two railroad
companies comprising something over ~ I.r t.nt
OF thu entire mileage OF til, stat. for IT, eight
months ending February y. 1914. oampsIed
with the corresponding eight months ending Feb
rGary -. 1913
ing February -. 1914. MAS s7s.75s.asso2 against
So Mt 30 "a for the months OF the previous
The operating expenses not including taxes.
rents, hi. of equipment interest etc. for the
eist months ending February y, 1914. were ss2-
istitost against eel3J0.l1iz2 for the correspond
operating expenses Of ss5s.5so12
The net operating revenue. not counting takes,
rents hire Of equipment interest etc, for the
eight months ending February ~. 1914. was III
5'Asl5os againsttt ,2st75.sis3. for the oorros-
ponding months Of the previous year. "a net de-
er-as. of Nsol oo,2 -
Other income. thai is. income not from opera
ton. but from rents. received. etc. si.i72.-
os1 ~ : against N.2s5s s3sl for the months
of the previous year. an Increase Of s20s -
Tn. gross corporal. income Of said road for the
eight months ending with February -. 1914. was
slsoissi2s 30 against 81! 1ti.3o3 10 for tn. same
months Of the previous year. net decrease Of
" ssi3so 20. From this gross corporate. income.
taxes rents for lease of road. rents of Joint IA
cties hire Of eauipmenttt interest on bonds and
other debts outside operations. etc must be de-
Quoted The amount of such deduction Is s2o.657 :
s5i6> against tssls.sios3 for the same months Of
the previous year,
railroads. taxes for the eight months this year
Increased tsi7.sss "a. There was a small decrease
other Indebtedness Therefore. the capitalization
Is not responsible for their financial distress
For the eight months ending February -. 1918
III. thirty two roads had "A net corporate income
|of f3ss2ss??3. True that inc"m. was entirely
wiped out by the next succeeding four months in
1913. So that the same roads last year had a def
icit Of a little 81 100000
This YEAR for the eight months ending Feb
ruats = 1871. thts. roads already have def, II
81 sls1o.7tl.7S
compared with the corresponding eight
months Of last year. these thirty two roads thu
18th day Of February. 1914 wrre s. 49, ga ul he=
hind compared wit hthe corresponding eight
months Of the previous year.
II these roads do VIII for the remaining four
months Of this year they did for the CORE
spending four months Of 1913. ending June 10.
their deficit Will he little over 5000 "o In
view of the fact that for the eight months ending
February ~ 1914 they have done much worse
than they did for the eight months last year IL
can hardly he expected that any gain Will he made
during the remaining four months OF this fiscal
poorest showing from financial standpoint Of any
road In the state This poor showing Is attribute
bile by the Officials Of the road to the labor trou.
bile and strikes that have been In progress for the
last couple of years. and statisticlans from Mi.
Askews office state that there be imprnN"
ment In the financial affairs OF the Hartman
lines long the strike Is on. The dangerous
condition Of the equipment necessitat.s such
skilled wofkmen be only found In the
ranks OF the strikers,