The Dawson news. (Dawson, Ga.) 1889-current, 1925-03-10
HDN CENTRAL GETS
AND SPENDS OOLLA's..
ppESIDENT DOWNS DISCUSS
re WHAT BECOMES OF CASH
TAKEN IN BY RAILROAD.
MORE TAXES THAN DIVIDENDS

Ten Thousand Employees Get Their
Share of Roads Revenue Twice a
Month. Sources From Which the
Money Is Derived.
Interesting facts as to where every
dollar earned by the Central OF Geor-
81. railway in 1924 came from and
where it went are contained in state
ncnt issued by L. A. Downs, presi-
dent of the road. Every dollar earn
ed by the railways goes back to the
oeople in payment of wages and for
necessary railroad supplies" Mr..
Downs stated.
Pay Rolls.
"Bv far the largest expenditure for
anv single item is for the pay rolls
IN employees" he continued. There
are approximately 10000 of these on
the Central of Georgia who get their
share of the railways revenues twice
month. Some part of this goes into
savings banks, building and loan as
.ocjations and other forms OF invest
ment A greater part is Immediately
distributed through the channels OF
trade None of the wage payment re-
mains unproductive. 1t is all kept busy
either through investments or in pay
ment of living expenses. About 40
Der cent of all the money that the
railways of the country take in goes
to pay rolls.
"A little more than 6 cents of the
Central of Georgia's dollar last year
went for fuel.
Taxes Big Item.
The railroads contributed largely
TO the public welfare in the form OF
taxes. In 1924 AZ cents of the Cen
trail of Georgia's dollar went to the
tax collector. The amount spent by
the Central for taxes was greater
than the amount received by the own
ers of the property in the form OF di-
vidends
Here is a statement showing the
different sources from which the 1924
dollar was derived and the various
purposes for which it was expended.
These figures are self-explanatory:
Coming In.
Where the 1924 dollar came from:
transportation OF freight, oI94 per
cent; transportation OF passengers,
1885 transportation of mail, 40;
Transportation OF express, 2.71; sourc-
es related to freight service, such as
demurrage, storage and special ser
vice, 1.43; switching service, Ill;
sources related to passenger service,
such as operation of sleeping and par
lor cars, excess baggage, etc, .79;
dining car and buffet service, 40; sta
ton and train privileges and miscel-
laneous, %; rent Of equipment, lease
OF road buildings and other proper
ty, rent from joint facilities and mis-
cellaneous income, 100; income from
corporate investments, $50 total,
10000
Going Out.
Where the 1924 dollar went: Main
tenance OF trucks, roadbed, buildings,
bridges and other structures, l4.48 per
cent; maintenance of locomotives,
freight and passenger cars and other
equipment, 1850; train, station and
switching operations and other trans
portation expenses, 27.30; traffic agen-
c'es, compilation and issuance OF tar
ifs, miscellaneous traffic expenses,
2.S9; hotel, restaurant, dining and buf-
let service, 40; fuel, 6.22; salaries OF
clerks and other general office en-
poyes, 200; law expenses, "A; pen
son department expenses, IA; sala-
RES and expenses of general officers,
~; miscellaneous general expenses.
90; depreciation and retirement of
equipment, 2.45; loss, damage and cas-
ualtes, III; rent of equipment, leas-
ed lines joint facilities, miscellaneous
rents, etc, 3.58; interest on bonds and
other interest charges, 9.8S; taxes,
4.12; dividends on capital stock, 4.2l;
balance available for charging and
improving the property, 3.64-total
10000.