Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-26

- a - ttfat alNfeasH ~ tia htNiutf ~
sAis i.adsd 81 the nantn ~ aha ~
estVra from rahHfrtlnf lines u ths
sisht ilanIhs sndsa November ~. ie1e.
The asegass nuiahsf q losefd eats q.
fsped &C. Noysnihff vas t,isa lsf Day
and IN ne nest tour months ended 9Th
March a.. isli, ths average was ateo
pet day. dosresse q apfosimsifiY
10 To- cent IN the munths " January.
reifmafy. and Match, 1891. The nun
ipt Il lasded oafr offered Toe movement
was 90 average II asii per day. eaainsi
an average u t.iss per day IN the same
months u isge a dscroase Il ~ p"f
cent. Yoa are familiar With the hfee
humbef II 10. eat, stored on the line
ON Abrli itth ih- number u empty
ears on the Santa fe vas Ji,O's Nhch
Dneans that APPROXIMATELY Al per cent
OF the hslrht vars owned hy this rail
way which ought g. be- earning revenue
are tied w and earning nothing.
III would seem needlsS 10 give as
surance that {, were possible Coz the
santa ~ g. con,inuc "a pay the In
creased salaries granted DURING and
sub, equcnt O. the war and s,lli main
sain the proper ratio between income
and expenditure W. would no, IN talk'
Ing with you to-day. The truth II that
49, cannot operate and continue 90 pay
the high scale OF wages established dur
Ing aud after she war.
Statistics Glven
"From 1917 to 1890 the faIoli of the
Santa be System Increased nearly iis
per cent. thr average yyarly wages 81
employees increasing approximately "
per cent In tina, period.
AT the present time approximately
20 cents out Of every dollar that the
railroad receives from operation II paid
out IN wages. the remaining 20 cent?
II not sufficient 90 buy fuel ana o,hrt
materials and supplies and Jay our
taxes and other obliEauorS.
COMPARING September 1890 with Feb.
ruary, 1891, op,ndlng revenues show a
DECREASE Of approximately 5.aso.Oee or
.abou, IS per cent
ION the basis Of our annual financial
requirements to take care of taxes. fiy.
ID charges. and other obligations. this
railroad ought TO have net earnings ~
approximately $4,000. 900 per year. 90
An average al i9iCV,0co per month.
She amount % the net revenue required
Tor the three months ended February
~. 1921. WAS iii.25O 900. while the ac.
tua! net revenue N that period amount
"a a. only sans. 900. which Il scarcely
enough 60 rsy fer "a three months pro
pci ton ~ taxes and rentals. leaving
Eo,hins icr fixed charges and other Oh.
legations OF the company
OPERATING expense. taxes and rentals
Ia the month Of February. 1894, exceed.
"a tne operating revenues by ls9s,s3s
and !or the Inonths ~ January and Feb
iusry "a" operating expenses, taxes
and rentals cNc-ede4 the operating
revenues by t334.0o4. Thus II cost the
Santa fe more than one dollar In ex.
pens.s ~ earn dollar Ia rcycnu, Ia
these two months without considering
It's fixed charges and other obligations.
From September 60 February the
operating ratio 1.-THE relation u operat.
INK expenses 90 operating revenues) In
creased from ss.:s per cent 10 st.se per
cent. rndcr such abnormal conditions
IL II impossible To set aside sufficient
funds 20 provide thu public with zde.
quate service and pay our obligations.
No surplus Cash.
without taking dividends into con-
alteration at all. the santa Pc system
was oaerated In February AZ a loss q
more than 81 .sO0. 900. Not dollar was
earned for Interest on bonds or for sur
plus 90 carry CA business TO sustain
the cumpsny's financial standing. In
III. two peeeding months. December
and January. owing 10 Oh. marked de
cline In business ana the abnormal
wages a somewhat similar situation pre-
vailed. In December the net operating
income amounted to only si.i2s,335.
which was barely sufficient TO pay In
terest on bonds and In January there
was a deficit VI t3siTi. Taking the
Two months together there was not SUI
ficient earned 20 pay the interest on
bonds and nothing bu, dividends OF sur.
plus. March results will probably shG.
some little Improvement but this was
affected by cutting down forces. mater