Rensselaer Semi-Weekly Republican, Volume 39, Number 35, Rensselaer, Jasper County, 4 January 1907 — RAILROADS EARN $2,319,760,030. [ARTICLE]

RAILROADS EARN $2,319,760,030.

Interstate Commission’s Report Covers 220,020 Miles. A preliminary report of the interstate commerce commission on the income account of the railways of the United States for the year ended June 30 last, contains returns from companies operating 220,026 miles of lines, or about 99 per cent of the mileage that will be covered in the final report. The total gross earnings of the roads were $2,319,760,030, being equivalent to $10,543 per mile. Passenger earnings were $618,555,934, or $2,811 per mile, and freight earnings $1,640,942,862, or $7,458 per mile. Operating expenses were $1,532,163,153, or $6,963 per mile. The net earnings of the roads were $787,507,877, being $3,580 per mile, and nearly $97,000,000 more than the corresponding amount reported Tor the previous year. Income from other sources than those of operation aggregated $132,624.982. The dividends paid amounted to $229,406,598 and taxes $38,903,288.