The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
History
The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
Railroads -- United States -- Periodicals
Gross revenue $ 48,155,379 621,939,274 670,094,653 1,823,651,998
Operating expenses $ 96,322,357 677,614,637 773,936,994 974,577,820
Taxes and interest on
bonds $ 23,503,973 165,582,552 189,086,525 235,468,467
Total expenses $119,826,330 843,197,189 963,023,519 1,210,046,281
Surplus -- -- -- 613,605,711
Deficit $ 71,670,951 221,257,915 292,928,866 --
Ton mileage (thousands)--
Revenue weight 484,683 3,411,592 3,896,275 236,601,390
Dead weight 10,498,482 73,877,400 84,375,882 256,833,896
Total gross 10,983,165 77,288,992 88,272,157 493,435,286
Tons dead weight per
ton revenue 21.7 21.7 21.7 1.1
Per gross ton mile (cents)--
Gross earnings 0.438 0.805 0.759 0.369
Operating expenses 0.877 0.877 0.877 0.197
Earnings over operating
expenses -- -- -- 0.172
Operating expenses over
earnings 0.439 0.072 0.118 --
Taxes and interest on
bonds 0.214 0.214 0.214 0.048
Surplus -- -- -- 0.124
Deficit 0.653 0.286 0.332 --
Per cent of operating
expenses to earnings 200 109 115 53
Gross expenses to earnings 249 135 144 67
Figures exclude dividends, betterments and additions, etc.
The above shows that whilst passenger service as a whole is
unremunerative, the mail earnings are hardly what they should be to
pay a fair share of the railroad operating expenses only, regardless
of taxes and interest.
Or, put in another way, our computations have shown that in each
passenger train run the railroads haul an average of 43/100 of a
mail car, and the contents of this car yielded average earnings of
9.4 cents for each mile run. The computation just made shows that
each freight car run, loaded or empty, yields a revenue to the
carrier of 10.5 cents per mile. Incredible as this may seem, it is
understandable when we reflect that the railroads transport 1.1 tons
of dead weight for each ton of freight for which they are paid; with
mail they transport 21.7 tons, or twenty times as much. The freight
rate is .759c per ton mile, the mail rate 9.94c, or only thirteen
times as much.
Public-domain text, read in full here on John Shaqi.
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