Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-02
POSITION UNEQUALED
AMONG AMERICAN ROADS
H., T.. ~ +. Makes Actual Gain in
Net Earnings, Notwith-
standing War.
DUKE ISSUES STATEMENT
First Eleven Months Of Fiscal Year
Put This Road in Glass to Itself,
No Other Road Showing Increase
in Net Earnings.

No Other Road Showing Increase
in Net Earnings.
fiscal year ending June 80 the Rich
mond. Fredericksburg and Potomac
Railroad had al increase in it's net
income of s??4,9S over the total for
the same period during the preceding
year. May showed n net income Of
s95,22695 an increase Of si3.ss5.7o over
the same month list year.
The financial record of the Richmond
Fredericksburg and Potomac for tho
eleven months. ending May 81. as we'll
as for the month oe May. is believed to
have been unequaled by any road in
the United states during this period
or depression. due to the war In Europe
w. D. Duke, assistant to President Will
liam III. White, in giving out the figures
on the income yesterday, said that, so
far as he had seem no other road
showed an increase in its net income
for the elercn-twclfths of 1e14-l5. So
FAR as is known In Richmond railroad
circles. no other line in the country
made similar record during this pc
Rod. Because Of the decrease in the
revenues or several roads 1t was neccs-
sary for their directors TO pass the
dividends. usually due on July l.
NO DRASTIC ACTS IN
OPERATING EXPENSES
It will take definite figures on the
operating income of the Richmond.
Fredericksburg and Potomac TO tell
whether or not the road Will show an
Increase in it's net income for the entire
fiscal year, ending June 30. Passenger
service revenue was better last month
than during June. 1914, due to the addi-
tional traffic to and from the Confcder-
ate Reunion in Richmond The freight
revenues, however. show decrease,
and II Is possible that the increase for
the first eleven months may be wiped
out by an expected decrease in net
income for June. The gain In the Nav
net income was sufficient to wipe out
the decrease of approximately $4,000
reported for the ten months ending
April so.
The splendid financial showing of tho
Richmond. Fredericksburg and Potomac
was accomplished without any drastic
reductions In operating expenses. The
policy of the road has been to keen
Its roadbcd, tracks, bridges and yards
In high state of efficiency because of
the density OF its traffic. and this course
has prevented any reductions in the
maintenance of way department. The
passenger service has been maintained
at practically the same standard as
before the outbreak Of the European
war. but the drop in the freight traffic
mas resulted In reduction OF operating
ROAD EARNS AND PAYS
IT'S USUAL DIVIDEND
The Richmond, fredericksburg and
fotomac's scmiannual dividend Of ~,
per cent payable July !. was ordered
by the directors at Il meeting in New
ork last month. Its financial show
ing for the fiscal year just closed
means that the next dividend will be
paid and that the road will still
nc m f,ti .,I
which permanent improvements may be
charged.
The Washington Southern. which is
under the same management as tho
richmond Fredericksburg and Poto-
mac had an increase OF slS7G71 IN
us net income for the month of Nav
over the same month last year. For
the eleven months ending Nav 2, there
was n decrease in the not income NJ
Sio.66S.oo from the total for the same
period last year.
The figures given out by Mr.. Duke
TOR the Richmond. Fredcricksburp and
POTOMAC arc rs follows:
operating income - for May. soo3
"if.SI;; for eleven months ending Nav
81 S2.G32.5oi.79
operatlng eNpenses-for May, Sl56.-
10y %; for eleven months sl.6o7, oS1.63.
ooals '''"'-
Net income-for May. se5,226.eh: for
eleven months. s575.79I7S.
increase In net income over l9ls-14-
Nay NAY Sl3'sS5.79; first eleven months.
For the stington Southern the
figures are:
Operating income - for May. Sis.
$3.50; for eleven months ending Nav
81. S1,l4S,033.5S
operating expenses-aor May, $50
o'S;oo| Tor oleven months, sS35,S42.13
= Hevenne from operation = for NAV,
IIooS 20 for eleven months, s31e,
Net income for May. s14.sso.77. for
eievc nmonths, sGl,7s610.
,o,h e. ease IN net. income over Nav.
decrease for first eleven months of
i"l4-ib from total for same period in
preceding year-si0.G6s.O ~" III