The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1922-03-18
.tIons on the nuress-Nsvada Rail-

atoms on the Eureka-Nevada Rail-
way.
Referring to page / II will be found
that column one covers the Item of
operating revenue, operating ex-
penses. ETC., column two the average
annual earnings, expenses. etc.. for
the six year period commencing with
July 1, 1914. and ended December
81, 1919, column three same infor-
nation covering the year ended De-
cember 81, 1919, 1920, column four
the increases or decreases for the
year 1920 as compared with the six
year average. and column five the
percentage increase or decrease.
In making several comparisons I
will use the percentage figures only.
BY making reference to page two 1t
will be noted that for the year 1920
as compared with the six year aver
age, the tons of revenue freight car
ried increased 42.9%, the ton miles
of avenue freight increased 1863,
revenue passengers carried increased
52.65% and passengers miles in
| creased 94%. In handling this adj
| ditional traffic the total operating ex-
penses were increased 1887 while
the increase in railway operating rev.
enues amounted to 1863. 1t will be
noted that the increase in operating
expenses was practically equivalent
to the increase in ton miles of rev.
enue freight carried and considerable
in excess of the passenger mile in
crease.
A careful examination OF this sec
| ton of the exhibit will disclose the
fact that there we're many heavy in
creases in various items of expense.
Superintendent expenses increased
| in amounts ranging from 2S7 to 343
| per cent, maintenance of buildings,
etc., 306 per cent, depreciation of
way and structures 573 per cent. In
| fact practically every item with the
exception of general expenses shows
heavy increases. Many Of these in
creases are extremely heavy by COM
parison with the increased traffic
handled.
On pages three and four of this ex-
hibit a similar showing is made. ex-
cept that various operating detail for
the year 1920 IL compared with sim
liar detail for the year ended De-
cember 81, 1916.
Referring to page four 1t will be
found that for the year 1920 the tons
| of revenue freight carried amounted
to approximately l per cent less than
the tonnage carried in 1916 while
| the toni carried one mile amounted
to 80 per cent more. Passengers
carried increased SO per cent and
passenger miles ia per cent. In
handling this additional traffic op-
Grating expenses were increased 148
per cent and the railway operating
revenue derived was 83 per cent
greater.
Particular attention is directed to
the following items of operating ex-
pense: superintendent expenses in
1920 increased in percentages rang
ing from $50 to 2,807. Maintenance
of buildings, etc., increased 1.59S%,
miscellaneous maintenance of way
expenses 900 per cent, locomotive re-
pairs 207 per cent, station service
214%, fuel for train locomotives 355
%, other rail transportation expenses
2,640 per cent. General expenses,
however, indicate a decrease of about
10 per cent.
l believe that 1t is unnecessary to
go into further detail with respect to
this exhibit.
EXHIBIT NUMBER 5
Exhibit No. 5 consists of FIVE pages
and sets forth the balance sheets of
the Eureka-Nevada Railway, Nevada
Transportation Company and Nevada
Central Railroad for the seven year
period covered by preceding exhibits.
These figures we're taken from the
sworn reports of the carriers named
which are on file with the Public Ser
vice Commission of Nevada.
In commenting on this exhibit I
will refer only to page FIVE. BY re-
ferring to that page it will be noted
that the Eureka-Nevada Railway has
paid dividends each year. For five
years the dividends amounted to $780,
900 annually, for one year $4,000
and for one year 100000.
At the close of the rear the Eu-
reka-Nevada Railway Company had
a balance to the credit of profit and
loss account amounting to $15,907,
the Nevada Transportation Company
$12,185, and the Nevada Central
$35,925.
w. H. Russell being duly sworn
testified that in 1918 he purchased a
tractor outfit to place in service be-
tween Eureka and Hamilton to move
a large tonnage of ore available there
for shipment to the Salt Lake smell
tiers. During this year about $50
tons of ore was shipped by way of
Eureka and the local railroad, but in
1919, when the hauling season OPP
ened, the heaviest shippers of the
year before refused to ship by way of
Eureka owing, so they said, to the
excessive freight rates and poor SER
vice furnished by the local railroad.
There were, however, a few small
shipments made by way of Eureka in