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
Scattered through the official reports for 1908 the student is
confronted with numerous changes in terminology, many of which are
for the better, but nearly all impair that continuity of names
and phrases which is so desirable in comparative statistics. For
instance, the public has been taught, by official practice, to speak
of the revenues of the railways derived from the transportation
of passengers, freight, mail and express, as "Gross earnings from
operation." The phrase is descriptive, definite and clear. For this
the Commission has substituted "Rail operations, operating revenues."
Former reports spoke of "Income from operation," which now gives
place to "Net operating revenue." To this is added the "net revenue
from outside operations," making a "Total net revenue," from which
"Taxes accrued" are deducted, the remainder being "Operating income."
It will be perceived that this last phrase, which covers revenues
from which operating expenses and taxes have been deducted and to
which the net revenues from outside operations (sometimes they
involve a deficit) have been added, comes perilously near the "Income
from operation" of preceding reports.
The exclusion of the reports from switching and terminal companies
in some instances, while they are included in others, introduces an
element of perplexing uncertainty at every turn and really vitiates
all comparisons with former reports.
The Commission itself seems to realize the bog into which the
official statistician has plunged its accounts, when it says:
"The changes in the income account submitted in the report under
consideration _are so far reaching in their results_, in a number of
instances, as to impair direct or close comparison with figures for
similar items in previous statistical reports."
And now it is proposed to throw all the accumulated statistics of
twenty-two years out of consecutive gear by substituting the calendar
for the fiscal year.
* * * * *
The writer has deemed the foregoing comments necessary to clear the
atmosphere before proceeding to the introductory summary showing
the salient features of the railway industry in 1909 compared with
similar items in 1899 and 1889. The data for 1909 is compiled from
the annual reports to this Bureau covering 221,132 miles of operated
line, together with the monthly reports to the Commission of earnings
and expenses of all classes of roads for that year, covering an
average operated mileage of 233,002.
SUMMARY OF RAILWAY RESULTS IN 1909, 1899 AND 1889, WITH PERCENTAGES
OF INCREASE FOR EACH ITEM BY DECADES.
(m = 1,000; d = decrease.)
Public-domain text, read in full here on John Shaqi.
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