Chapters on the History of the Southern PacificDaggett, Stuart
History
Chapters on the History of the Southern Pacific
Daggett, Stuart
Pacific railroads -- History; Railroads -- California -- History; Southern Pacific Company
In respect to earnings also, the Southern Pacific bulked large among
its contemporaries. In the single year 1892, with its affiliated
railroads and ferries, it took in nearly $49,000,000 on 6,486 miles of
line, or more than half the earnings of the Santa Fé, Union Pacific,
and Northern Pacific combined. In 1896 the earnings of the Southern
Pacific were about the same as in 1892 upon a substantially greater
mileage, but the earnings of its competitors had also greatly declined.
Naturally enough, the great extent of the Southern Pacific system made
its problems those of extensive rather than of intensive operation.
Locomotive runs were longer on the Southern Pacific than elsewhere, and
more attention was paid to questions of organization, particularly in
later years.
There were other features about the Southern Pacific lines, however,
besides their length, which deserve at least a passing mention. The
system enjoyed, for example, the advantage of a highly diversified
traffic. The year 1900 was not exceptional in this regard, yet in 1900,
22 per cent of the freight carried by the Southern Pacific fell in the
class of products of agriculture, 17 per cent was manufactures, 15
per cent was products of the forest, 10 per cent products of mines, 8
per cent merchandise, and 4 per cent animal products. When we recall
that in the same year 47 per cent of all the freight carried by the
Pennsylvania Railroad Company consisted of anthracite and bituminous
coal, and that nearly half of the freight transported over the
Chicago, Milwaukee and St. Paul Railroad consisted of products of
agriculture and of the forest, we can understand the unusual position
in which the Southern Pacific was placed.[498]
High Average Earnings
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