The Valuation of Public Service Corporation Property: Transactions of the American Society of Civil Engineers,; vol. LXXII, June, 1911, ASCE 1190Riggs, Henry Earle
General
The Valuation of Public Service Corporation Property: Transactions of the American Society of Civil Engineers,; vol. LXXII, June, 1911, ASCE 1190
═══════════════════════════╤══════════╤══════════╤══════════╤══════════
Track. │ 1908. │ 1890. │Increase. │Percentage
│ │ │ │ of
│ │ │ │increase.
───────────────────────────┼──────────┼──────────┼──────────┼──────────
Single track │213,888.36│142,665.89│ 71,222.47│ 49.9
Second track │ 20,209.05│ 8,437.65│ 11,771.40│ 139.5
Third track │ 2,081.16│ 760.88│ 1,320.28│ 173.5
Fourth track │ 1,408.99│ 561.81│ 847.18│ 150.8
───────────────────────────┼──────────┼──────────┼──────────┼──────────
Total, all main tracks │237,587.56│152,426.23│ 85,161.33│ 55.9
Yard track and sidings │ 73,728.57│ 30,750.17│ 42,978.40│ 139.8
───────────────────────────┼──────────┼──────────┼──────────┼──────────
Total mileage operated │311,316.13│183,176.40│128,139.73│ 69.9
(all tracks) │ │ │ │
═══════════════════════════╧══════════╧══════════╧══════════╧══════════
"The Interstate Commerce Commission in 1908 report that their
Balance Sheet covers 'miles of road' aggregating 213,888.36 miles,
whereas their statement of mileage represents all roads reporting to
the Commission whether or not they furnished a Balance Sheet.
"To analyze the Consolidated Balance Sheet, we have revised the
statement of mileage to cover same roads as are included in the
General Balance Sheet. The 'miles of road,' _i. e._, miles of first
main track, are actual. The Commission's report not showing
separately for each line the miles of other main tracks or yard
tracks and sidings, the figures shown in the statement of mileage
are _approximate_. It includes mileage of all second, third and
fourth tracks. Undoubtedly, practically all of the second tracks,
third tracks and fourth tracks are owned, or operated by, roads
furnishing the Commission with a Balance Sheet. Mileage of Yard
Tracks and Sidings is based on the proportion which the single-track
mileage of roads represented in the Balance Sheet bears to the total
single-track mileage of roads reporting to the Commission."
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