Evening Republican, Volume 14, Number 238, Rensselaer, Jasper County, 6 October 1910 — OUR GREAT RAILWAY VALUES [ARTICLE]

OUR GREAT RAILWAY VALUES

Total Estimate of Their Property Last „ Year Placed at Over Seventeen Billion Dollars. '-m. . ' '[ ~ Figures prepared by the Interstate commerce commission for the 1 ' fiscal year ending June 30 give the total single track railway mileage in the United States as 230,868 miles, an increase over the previous year of 8,125 miles. The total number of employes on the payrolls of the steam railroads of the country was 1,602,823, an increase of 66,548 over the previous year. „ The par value of railway property was $17,487,868,935. Of this amount $13,711,867,733 was outstanding in the hands of the public, representing a capitalization of $59,259 a mile of line. Of the total capital outstanding there existed as stock, $7,686,278,545, of which $6,218,382,485 was .common and $1,467,896,060 was preferred; the remaining part, $9,801,690,890, represented funded debt The number of passengers carried during the year ended June 80, 1909, -was 891,472,425. The corresponding number for the year ended June 80, 1908, was 890,009,574. The number of tons of freight was 1,666,569,741, while the corresponding figure for the previous year was 1,582,891,790, the In' crease being 28,577,961 tons. The operating revenues of the railways in the United States were $2,418,677,588; their operating expenses were $1,699,443,410. The corresponding returns for 1908 were: Operating revenues, $2,398,805,989, and operating expenses, $1,669,647,876. Operating expenses averaged $6,865 a mile of line.