Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-06-21
6. & 0. SHOWS DEFICIT
UNDER FEDERAL CONTROL
Government Operation Results in
Loss of S0,577,320 in 1910
Over 1918.
PASSENGER TRAFFIC is LARGE
Interesting Figures Arc Shown in
Forty-Sccond Annual Report OF
tho Company-Opcrating Expense
Increased.

Federal operation OF the Chesapeake
y and Ohio Railroad lines during 1919
resulted In deficit in the net income
OF the company of s7iS,l29.oo. a de-
crease. when compared with the net
income shown at the end of 1875, OF
S9,5II,329, or 1853 per cent, accord =
! ing II the forty-second annual report
of the company, issued yesterday, al
though the year ended December 81.
1913. Total passengers carried dur
ing the year were S,65?,6O2. an in
crease of &c per cent.
Average mileage operated during
the year by the United States Rail
road Administration operating the
Chesapeake and Ohio lines was 2.5oG.
an increase over the previous year of
26.3 miles. Mileage at the end OF the
year was 2,5l6.9, an increase OF 32.l
miles over the previous twclve-month
period.
Corporate and Federal combined in
come accounts show "A total opcrat-
Ing revenue OF s7l475,ol6. n decrease
for the year, as compared with 1918.
of s2.2i5.1Sl. The decrease is 5 per
cent.
Operating Expenses Increased.
To al operating expenses are given
as S60,S7s,522. an increase of sG.6ll.-
1I5, or 1913 per cent, leaving a total
operating revenue OF $lO,J?6.i9i, u
decrease of SS.9oG,956. The decrease
Railway tax accruals, the rcpor;
shows. amounted TO S2.4S5,O7S for the
year, which, when deducted from the
i operating revenue, along with other
deduction items, cuts the operating
income OF the railroad to SS,l05.SiG.
6lS.
Income from other sources, such rs
H!Fe OF equipment. interest from in
Nestments and accounts and other
sources. is given as sl.lll.S35, II de-
crease over 1919 OF S437.l23. Gross
income OF the road is S9.217.lS2.
Deductions from the gross income.
covering interest on debt rentals and
leased roads. joint tracks and other
things. amount to $y,965.3ll. an in.
crease OF per cent; Net income re :
S Su,ss snow deficit of $74S.1:9.
sS.S29.2OO, decrease this year of
1855 per cent
katio OF operating expenses TO op-
Grating revenues during the year was
S5.2 per cent. as compared with IL. I
per cent in 1915. an Increase OF II 7
per cent. Increase in operating ex-
penses is attributed to increases in
me prices OF materials and supplies
ana Increased wages OF employees
Results Are Unsntisfactory.
Result of the operation of the road
for the year. the report states. was
unsatisfactory. rs compared with pre-
Nious years, due 10 falling off in ION
mage during the early months Of the
year, following signing of the arm
istice. Interruptions in traffic due to
strikes OF Shopmen and of coal miners
In the latter part OF the year.
Unsettled labor conditions through
out the country are touched upon in
the report. which says that because
OF unsettled conditions IL probably will
be necessary to further increase the
pay of employees in order TO OBJ
tain competent and experienced men.
Further increases in the cost of OBJ
Grafton OF the roads also Is predict ed.
Revenue coal and coke TONNAGE OF
the road was reduced 25,47l.4T5 tons
during the year, and other freight
tonnage lO.l2G.SSl tons. Revenue per
freight train. which averaged during
Inc year 1.Oal tons per train mile
was S6.0l per freight train
Passengers carried one mile were
sol G37.25i. Revenue derived from
passenger traffic totalcd Sl4.l5Sl53
Passenger train revenue per tram
mile was S2.s41, a decrease OF more
Than per cent for the year