The express companies of the United States : $b a study of a public utilityBenedict, Bertram
History
The express companies of the United States : $b a study of a public utility
Benedict, Bertram
Express service -- United States; Parcel post -- United States
Cost of Land, Buildings and
Equipment on January 1, 1918 $44,160,773
Land and Buildings 20,811,830
Equipment 23,348,943
Inventory Value of Equipment
owned on January 1, 1918 $13,735,058
Total Express Charges $222,860,373
Other Operating Revenue 6,594,815
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Total $229,455,188
Operating and Other Expenses $229,639,493
_Deficit from Operating_ 184,305
Other Income 4,471,292
Gross Income 4,286,987
Deductions from Gross Income 1,538,481
------------
Net Income $2,748,406
Dividends 2,508,044
Profit and Loss Balance $24,294,792
Total Investment, Including
Real Property and Equipment $123,484,515
Capital Stock $59,008,600
Funded Debt Unmatured 20,736,500
Money Orders Issued:
Number 16,035,002
Amount $145,934,982
C. O. D. Checks Issued:
Number 8,612,106
Amount $143,832,226
Limited and Unlimited Checks Issued:
Number 236,071
Amount $108,798,279
Telegraph and Cable Transfers:
Number 88,146
Amount $136,809,746
Travelers' Checks Issued:
Number 1,608,037
Amount $34,923,816
Letters of Credit Issued:[1]
Number 1,539
Amount $4,126,154
Revenue from the above six items and other
sources, other than Express Charges $6,594,815
Maintenance Expenses $6,527,766
Traffic Expenses 925,033
Transportation Expenses $98,583,724
(Employees' Wages) (55,820,701)
General Expenses 7,684,534
(Salaries and Personal Expenses) (4,161,299)
[Footnote 1: Including 569 Postal remittances to the amount of
$39,435, issued by the Canadian Express Company.]
NOTE:--Of the above figures the Adams, American, Southern and
Wells-Fargo Companies accounted for 89% of the mileage and for
94% of the total operating revenues.
Public-domain text, read in full here on John Shaqi.
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