Evening Republican, Volume 17, Number 8, Rensselaer, Jasper County, 9 January 1913 — SHALL LINES THAT DO WELL [ARTICLE]

SHALL LINES THAT DO WELL

Have Small Trackage, but Volume of Business Means Dividends for Those Who Hold Shares. One of the most prosperous of the little fellows among railroads is the Lake Champlain and Moriah railroad, that runs frbm Port Henry to Seville, N. Y., a distance of between seven and eight miles. In 1910 its net earnings were >51,000, and this year, so it is claimed, that amount will be greatly surpassed. It was opened in 1869, so that it is quite an old timer. It has six locomotives, three passenger cars and 326 ore cars. It is operated almost entirely in i connection with the iron mines of Mineville. Last year it moved 626,631 tons of freight. Its surplus is >128,360. Not so bad for a dwarf road. Public interest in the work of the Tuskegee Institute, Ala., of which, Booker T. Washington is founder an<t president, to a very great extent i» explanatory of the present prosperity' of the Tuskegee Railroad. This roa<* runs from Chehaw, Ala., to the institute, a distance of about six miles. Iti has only two locomotives, one passenger and one mail and express car. yet in 1910 it earned net >30,773, carried 24,487 passengers and paid a dividend of 14 per cent. But the little road has had its troubles. It was incorporated in I860;* was reorganized in 1871, after its public sale for debt; chartered in 1902, and opened for traffic about a year later. Between its incorporation and. its first operation its history is that of tedious and Intricate litigation.