Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1922-08-04
RAILROADS DOLLAR SPLIT
MANY WAYS.

If the public could get clear pic
ture of the story ia railroad dol
lar; that is, the story of the receipts
and expenditures of companyq in
terms of the cents which make up o
dollar, much o fthe present adverse
criticism Of the transportation COM
panies and their homogeneous would
be dissipated, in the opinion of local
operating officials.
This problem has been condensed
into Understandable language by the
Bureau of Railway Economics In nm
analysis of the Illinois Central Sys-
TENS operations last year. The COM
pany was taken as typical of the re-
iative manner in which carrier re-
ceived its dollar of revenue and the
manner in which it was spnt.
The greatest source of revenue
was from the transportation or
freight, which Melted I'LL cents to
the dollar. The company transported
44,637, 446 tons of freight an average
distance per ton of 270.46 miles The
average revenue per ton per mile was
I.ol5 cents. From its passenger traf-
tic the management added 1898 cents
to its dollar of revenue, the ANALYSIS
showing that during the. year there
We're 37,027,8S9 passengers trans
ported an average distance per pass
enger of 1926 miles. The average
revenu per passenger per mile was
3.104 cents.
The balance of the dollar was
earned in the following manners. By
the transportation of mail, 1.69 cents;
transportation of express, 1853 cents:
sources related to freight service,
such as demurrage and storage, and
special service, O.49 cents; switching
service, 0.85 cent; sources related
TO passenger service, such as the op-
Grafton OF parlor cars and excess
baggage, 0.66 cent; hotel, restaurant
lining and buffet service, 0.58 cent;
s1ation and train privileges and mis-
cellaneous, 0.32 cent; rents of equip
ment, road, buildings and other prop
erty, joint facilities and miscellan-
eous income, 2.T9 cents, and income
from corporate investments, $50
cents, total of 100 cents.
The blue print of where the dollar
went proved n surprise to many per-
sons i'll the financial district The re-
port showed that train, station and
switching operations and other trans
portation service took 26.69 cents, Of
which 92.96 per cent. went for wages,
and 7.04 per cent. for material. Next
in importance was the maintenance
of locomotives, freight and passenger
cars and other equipment which took
Is 90 cents. of which 6267 per cent.
vent for wages and 1888 per cent.
for material; maintenance of tracks,
roadbed, buildings, bridges and other
structures demanded 1855 cents, of
which 547 per cent. was needed for
wages and 45.3 per cent. for material.
Tho other items showing where
he 1921 dollar went were listed MS
follows: Fuel, 7.50 cents; interest on
bonds and other interest charges,
SS5 cents; taxes 5.54 cents; traffic
agencies, compilation and issuance OF
tariffs and miscellaneous traffic cx-
nenses, 1.2S cents; hotel, restaurant,
ming AID buffet service, 0.62 cent;
salaries of clerks and other general
Office employees, 1.48 cents; legal cx-
penses, O.18 cent; pension depart
ment expenses, 0.16 sent; salaries of
general officers, 0.19 cent; valuation
expenses, 0.15 cent; miscellaneous
general expenses, 037 cent; depre
citation and retirement of equipment.
$50 cents; loss, damage and casual
ties, 81 cents; rent of equipment,
leased lines, joint facilities and mis-
celianeous rents, 2.45 cents; dividends
on capital stock, 448 cents, and bal
ance available for enlarging and i'm
proving the property, 1.GO cents,
making total of 100 cents.