People's Pilot, Volume 2, Number 29, Rensselaer, Jasper County, 6 January 1893 — INCOME OF THE RAILROADS. [ARTICLE]

INCOME OF THE RAILROADS.

Report of the Statistician of the Interstate Commerce Commission. Washington, Jan. 3.—The preliminary report of income and expenditure of railways for the year ended June 30, 1892, compiled by the statiscian to the interstate commerce commission, will be made public soon. The gross earnings of 128,349.99 miles of railway are shown to have been $951,025,159, from which the gross earnings of the entire railway system are estimated to have been $1,282,711,698. This is an increase of $125,950,303 over the earnings of the previous year, or an increase of S608 per mile of line. The operating expenses for the year were $814,722,082, being an increase of $82,834,189, which leaves an increase in net earnings Of $44,116,114, or $2,472 per mile of line. The actual increase in revenue from passenger service was $31,500,088, or $247 per mile of line, as against an increase in the revenue from freight service of $91,506,671, or $349 per mile of line. It is observed that the railways on which there has accrued the largest increase in gross earnings per mile of line are the lines connecting the wheat-growing territory with the seaboard and the lines in the southern states bordering on the Gulf of Mexico.