The Dawson news. (Dawson, Ga.) 1889-current, 1924-04-15
CENTRAL ENJOYED
A PROSPEROUS YEAR
HANDLED 18O,028,e85 PASSEN-
GERS, AND MOVED 1,622,744,-
453 TONS OF FREIGHT.

The tWenty-ninth annual report OF
the Central OF Georgia Railway Com
pany for the year ended December 81,
1928, has been completed and reflects
the improved business conditions that
prevailed during the past year, the
| operating revenue, or gross receipts,
being $26,198,846, the largest in the
history of the company, and an in
crease OF $2,912,110 or 1881 per cent
over 1922. The net railway operating
Income, however was $3,944371, de-
crease of S447,713 or 1919 per cent
from 1922.
Cost of Operation.
This decrease in net earnings was
due almost entirely to increased eX-
pense of maintenance. The manage
ment devoted a large portion OF its
! income to expenditures for the i'm
provement OF service to the public,
both equipment and power having
been placed in the best OF condition.
The operating expenses were 81,
138,070. an increase OF $3.50 or l7.02
per cent over 1922.
Over 4 Per Cent.
The rate of return earned on the
tentative valuation OF property devOt-
ed to public use was 4.43 per cent.
Investment in road and equipment
increased S4,130,816, which was the
amount spent during the year for adj
ditions and improvements to roadway
and equipment. Additions and I'M
provements to property leased by the
railway cost $479 189.
An analysis OF the report shows
some interesting figures. Except where
otherwise indicated, the following
comparisons are with 1922 results:
Big Movement.
Tons of freight moved one mile
were 1,622,744453, an increase OF
358.322291 or 1884 per cent. The
average distance each ton OF freight
was hauled was 1922 miles, an in
crease OF $50 or 1888 per cent. The
average revenue for each ton handled
was S214, a decrease OF p cents or
I9.28 per cent. The average revenue
received for handling each ton OF
| freight one mile was Ill cents, de
crease OF IA cents or II per cent This
was the lowest rate per ton mile re-
ceived since 1917.
Passengers Hauled.
Passengers moved one mile were
| 180.02S.085, an increase of 15,05,7ll
or GA per cent. The average distance
each passenger was carried was 4/.4O
miles, an increase of 2.53 or $40 per
cent. The average revenue received
| from each passenger was 149.43 cents,
! II Il *
cert. The average revenue per passen-
ger per miles was SIS cents, an in
crease in cents of .02, or .o4 per cent
In renewals 13,348 tons OF new steel
rail were used, an increase OF o,o9|
tons
Exactly 311366 new cross ties were
used in renewals, decrease OF ESQ.,
| 279. The company operates creosot-
ing plant for the treatment OF cross
ties that effects economy by reducing
the necessity for renewals.
Coal Consumption.
Coal consumed by locomotives was
699, 465 tons, an increase OF i54,4/9
tons. This increase was due mainly to
an increase OF 1884 per cent in loco
motive miles.
The company expended $7,500,000
Tor fuel, materials and supplies.
Army of Employees.
The average number Of employees
during the year was 9,401, an increase
OF 1905
The amount paid i'll wages was SIS
095, l40. an increase OF $1,S54,975. The
wages required 1898 cents OF each
dollar Of operating revenue.
The number OF locomotives in SER
vice was $40, an increase OF SO, and
the number OF passenger cars was
302. decrease OF 10. Fifteen new
steel coaches have been ordered Tor
delivery in 1924.
The number OF freight cars in SER
vice was 9,202, an increase OF 900.
The company paid $1,295,000 in tax
es Tor the year 1928. 1t is interesting
10 compare this with 1918, when the
taxes paid amounted to S598, 500. Tax
payments now exceed dividends to
| s+0r elders