New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-10
New Haven r. r.
Minimum Needs
Put at $l3,5O0,000
Annual Report of System
Shows Gross 1919 In
come of S23,735,594;
Deficit After All CHARGES

Including it's standard return Of ST.
250,S48, the New York, New Haven 4
Hartford Railroad Company for 1919
reported gross income Of s23,735.594,
an increase of $1,O77,176 over the pre-
ceding year. After deducting $685.
1874 for all charges, including interest
on the funded and unfunded debt, there
was a balance of S2,397, 459, from which
further deduction of $3274,520 was
made in settlement of accounts accru-
ing prior to January /, 1918, leaving a
deficit for last year Of $S77,06O.
The Federal operating income ac-
count of the road showed total operat-
ing revenues of s1o6,545,119, compared
with $102, 294,212 in 1918. Operating
expenses absorbed s92,473,3S1 of the
gross. while taxes and other items
added S3,19S,473 to the expense account,
leaving railway operating income Of
NV $3.50, decrease compared with
the preceding year of Sl,042,O57.
Non operating income added $685.
697 to the operating income, giving a
total of $11,79S,S62, from which S4,-
S69,4S1 was deducted for rent for equip
ment, joint facility rents, interest on
unfunded debt and miscellaneous income
charges, leaving a balance of $685.
3S1, to which was added $3,293,369 for
items accrued prior to January l. 1915
Ihls resulted in Federal net, income
of S10,222,750, an increase of $780,
912
Capital Needs This Year
Edward j. Pearson, president of the
New Haven, states in the annual re-
minimum needs for power and in
creased capacity during the current
year VIII require an expenditure of
$13,500,000, of which $3,5OO,O0O is
needed for forty heavy freight loco
motives and five passenger electrics
and Slo.OOo,OOO for additions and bet
terments.
Summarizing the necessity for in
creasing capacity" Mr.. Pearson adds,
your company must provide such
transportation that the requirements
OF the many communities depending
entirely upon it will be met, otherwise
the prosperity of its territory, which
IL necessary for its own prosperity,
will diminish. Satisfaction, support
and good will of the public will result
from proper service. The improve
ment in working conditions will in
crease the effective results, as we'll as
the interest and loyalty of employees.
All OF these factors will operate
toward the maximum net income
From whatever angle Of view, the
maintenance of the property in cond
ton normally to meet the commercial
demands IS not only necessary, but
promises in the end to be the most
satisfactory and profitable"
OF the density of traffic on the New
Haven lines, with the resultant in
crease in expenses, Mr.. Pearson said:
'1n view of these conditions and in
connection with the commercial re-
quirements OF New England. requiring
the maintenance of former parity in
rates between New England and other
territory, SO that commercial relations
heretofore enjoyed will not be dis
turbed, it will be the endeavor in con
nection with the establishment Of new
rates to secure such portion as may be
needed by sufficient average increase
over large territory, SO that from
the whole thus derived, through div
sions or other arrangements, the New
Haven will be. reasonably compensated
Tor the class sof service it must per
form and for the use Of its valuabe
property"