Citation
Preliminary statement of capitalization and income

Material Information

Title:
Preliminary statement of capitalization and income
Series Title:
Statement
Portion of title:
Class I steam railways in the United States
Creator:
United States -- Interstate Commerce Commission. -- Bureau of Statistics
United States -- Interstate Commerce Commission. -- Bureau of Transport Economics and Statistics
Place of Publication:
Washington, D.C.
Publisher:
U.S. G.P.O.
Publication Date:
Frequency:
Annual
Language:
English
Physical Description:
v. : 29 x 43 cm.

Subjects

Subjects / Keywords:
Railroads -- Finance -- Periodicals -- United States ( lcsh )
Genre:
serial ( sobekcm )
federal government publication ( marcgt )

Notes

Dates or Sequential Designation:
1st (1924)-
Numbering Peculiarities:
Report year ends Dec. 31.
Issuing Body:
Vols. for 1924-<1931> issued by the Commission's Bureau of Statistics; vol. for 19 - issued by the Commission's Bureau of Transport Economics and Statistics.
General Note:
Planographed.
General Note:
Vol. for 1924 "does not include lessor companies."
General Note:
Title from cover.
Statement of Responsibility:
Interstate Commerce Commission, Bureau of Statistics.

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
This item is a work of the U.S. federal government and not subject to copyright pursuant to 17 U.S.C. §105.
Resource Identifier:
020842661 ( ALEPH )
05589381 ( OCLC )
sn 88028572 ( LCCN )

Full Text




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UNIVERSITY
OF FLORIDA L I B R A R Y




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6 v2 ?' INTERSTATE COMMERCE COMMISSION

BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM RAILWAYS (INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1925



INTRODUCTORY STATEMENT

This is the second issue of a compilation of SPOcie-1 reports containing selected items of capitalization and income. These reports were due to be filed with the Interstate Commerce Commission as of February 15, 1926. The final report was not

received until March 6, 1926.

The publication is primarily for the purpose of furnishing figures of certain income and balance sheet items frequently called for and not appearing ,in the monthly reports of revenues and expenses. Without this separate report such information would not be available before the preparation of the Preliminary Abstract of Statistics of Common Carriers, returns for which are not available until the filing of annual reports of steam railways as of March 31This preliminary abstract of capitalization and income also differs from the Preliminary Abstract in giving this advance information regarding individual railways of Class 1.

It may be noted that the totals shown in this statement differ somewhat from the corresponding figures in the December
issue of the monthly summary of revenues and expenses of Class I Steam Railways. This is largely explained by the fact that the San Antonio & Aransas Pass Railway Company was leased to the Galveston, Harrisburg & San Antonio Railway Company on may 1, 1925.

It should also be noted that in nearly all cases the present report deals with the reports of Class I operating companies. In the cases of the Atchison, Topeka & Santa Fe Railway Company and the Bessemer & Lake Erie Railroad Company, the preliminary report is on a system basis. This affects the distribution as between the Central Western and Southwestern Regions, as the Gulf, Colorado & Santa Fe Railway Compant and the Panhandle & Santa Fe Railway Company, usually assigned to the Southwestern Region, are here combined with the Atchison, Topeka & Santa Fe Railway Company in the Central Western Region.


Washington, March 16, 1926.









RIAU OF STATISTICS
rTA T 01, OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM FLIIMUXAY SPOITS OF CLASS
(INiLITDIG SWwTOIN;G AND TURM3NAL COMPANIES) FO.TEYARQXDDCEBR$,I

INDEX
The regiotq &e which 4 oad has been assigned is indicated by letter follownatLakes (4.4L4); Cena. astern (0.+.); Pobontas (p,; southern (S.); Ntorthwestern (N.W.; Centrol Western (0.1.); and RoutwasMefnS W.)

SUMMARIES: DISTRICTS AND RiuGIONl
Pags Pagg
No. No.no
United States ...................................+.. 6 and 9
Eastern District ........................................ 6 and 9 Southern Diitrict... .........................
......tl~ 6n Southerni~ ... .. ... .. .. . ................................. 7 3 t ~ e n R g o .......... I ..... .+ .......
Now England Region .......................... ...... .d
Great Lakes Region ................................ 6 and 9 Pocahontaa Region ...................................7 CetaWserRgin.......ad
Central Eastern Region ...........................6 and 9 southern region................................. 7o
Name of Road or yse Pae me of Road o Sysem
Akron, Canton & Youngstown 4y. Go. (C.E.) ................... 15 Florida act Coast y. .()...........................19 6ew York, Ontario & West By. .
Alabama & Vicksburg fly. Co. k.) 21 'Fort Smith westernn fy. Co. (S.W.)................ Ne York, Susquehanna&tern .
Alabama Great Southern R. R. Go. (S.)........20 Fort Worth Denver City y. Go. (0W.4............ 2 Newburgh & South Shorey. o .
Ann Arbor R. R. Co. (G.L.) ................... ...... -14 Fort worth & Rio Grande ly. Co. (s..) ................... 7 orfolk & wste BY. Go (P).
Atchison. oek a sant . o ................. 24 yrso L es ..........................................27 yorfolk south rn R. Ri Go ( .. ......... :2
(Incl. Panbandle A Santa Fe fy. Co.* and Galvestn, Hrisbur & San Antonio fy. Co. (S.W.)...........30 Northern Paific :
&titania~~~~~~~~~ all 4ee Non PW Notwetr Pacfi R.. R....... Do .... ................... ..........+ ...+. ........
Gulf, Colorado A Bants e y. Go.) (0.1.)................4 Gail eton Wharf C0. ( 3 o a ......... .................... 3" 2
Atlant a et Ping R R. o. (.) .......AA.tlant .... .... orgia & Florida B (S.. ........................... 19
Atl-I i ighm &Atantc y. o.(S.) ..........1 Gergia R. fl. Lessee Organization (S.)).......*..._..........19 Oregon tort Line Ri. R. Co. C.. ......... ....2
Atlantic A Saint Lawrence Ri. R. Go. (N.E.) ..................10 Geri Southern A Florida fly. Cc Go. 4 ............... 21 Cregon-4aahington R.RL ai gaio Ao PaW)........2
Atlantic City R. B. Co. (OS.)............................ 17 Grand Trunk Western fy. G. (G.L.) ........................... 11
Atlantic Coast Line R. R. Co. (S.) ........................1 8 Great Northern flY. o- N-e-. 6.1). 23 Panhandle & Santa Fe By .
Atlantic Coast Line Sytem .........................1... and 19 Green Bay A Western R. e. Co. ( ) .... .... .....23 (Inc. in Atchison T eS a To N y o.) ..
Gulfmre &h~ l Shi Islandn R. O. Co.E. (s.. ............................ 2 en yvn aR .C .( .. . .. . ... .. .. .1
Baltimore a Ohio Chicago Terminal R...... ..)............. 32Glfhilodoanta F Co. C.. Pennsylvania St .................................. 16 "
Haltimor e & Ohio R. . ( )....... .................15 (Icl in Atchison, Topeke & Santa.Fe By. Go.)............. 2 Peoria A Pekin Union fy. Go. (0.1.).
Bltimore & Ohio System..................................1 Gulf, Mobile A Northern R R. Go. (S )......................19 Pars Marquette fy. Co. (L.) ........
Baltimore, Chesapeake A Atlantic fl. Co. (0.6.)..............l.. rk7.
Bangor A& AroostookR. R N. ......... ...............10 Hocking Valley fy. Co. (T.E.) ................................ 1 Pittseu & Lao.
Beaumont, Sour Lake & Western By. Co. (.1.) .................29 Houston Texas Central R. .. Co. (.0 ittaburg & wetR. B. Co L ......
Belt fy. o. of Chicago (0..)............................. 32 Houston tlat A lest Texas fy. Co. 5 ) 31 Pittsburgh Wesat 'r.a By.
itha & (..) Pittsbur, Shawmnt A RA i ..... 1
gseseriel y. o. (C.W.) ............................ AL Eriioe C. R R Go. (..) .......................... 20 port Rea R R
Boston A Main R R. (6.3.)................................. 10 Illiaois Central System .................................. 20
Brooklyn Eastern District Terminal (C. E................. 32 Indiana Harbor Belt R. R. Co. (0 ....................... 32 quiny Omaha A tenses City B. B. Go. (W.. .
Buffalo A Susquehanna Ri. Ri. Corporation ~or).. ~ 15 International Great Northern A. H. Co. (S.W.) ..............29
Buff alo, Rochester & Pittsburgh By. Co. (G.L) ..... 11 Int emostional fly. Co. of Maine Reading Co. (0.5) ,..................
Burlington .Route................................. .24 and 27 (Sem 'Canadian Pacific Lines in Maine)..................... lo Reading system .....I...........
Richmond, Fredericksbug & PotmaR..Co(P)......I
Canadian National Railways System ................ 10, 11 and 22 lansas 'City, Mexico & Orient Lines ................... 7 Rook Island System .................................. 2
Canadian Pacifi Lines in Maine (N.E.) ..................... 10 nnsea City, Mexico A rien By. C.(6. ...............7 Rutland R. Co. ..) ... ..
Canadian Pacific System .............................. 10 and 22 tind City, Mexico & Orient By. Co. of Texas (8.W.) ......... 27
Central Hew England By. Go. (N.E.) ......................10 Eansa' City Southern fy. Co. (S.W.) .......................2 2 Saint Joseph & Grand Isl fly. C. (0.14 ................. 6
Central of Georgia By, Co. (S.)............................ 20 Kansas City Southern System ............................... 28 Saint Louis, Brownsvill.e & exico By. Co. (S.j... ... 30
Central R. R. Co. of Hew Jersey (. 3,) ......................17 Eanas, Oklahoma & Gulf By. Co. (.1.) ..................... 2 Saint Louis Merchants Bridge Terma G Co.> (S. .
Central Vermont By. e. (E.g.)............................. o Saint Louis-San Francisco oy. Go. (8 .............
Charleston & Western Carolina By. Co. (8.)..................19 Las Superior & Ishpeein B. N. Cc. (N.W.)..................23 Saint Louis. Sp Francisco A Texas By. Go. (S.W.) ...
Chnesapeake & Ohio ly. CGo. (P.)............................IS Lake Terminal R. H. Co. G.L) ..32 Saint Louis Southwestern Lines ..) 3
Chesapeake & Ohio system..........................15 and 18 Lehigh Hudson River By. Co. (G...........................1 Saint Lou Su stern By. Co. ......... ...
Chcg atr liosB.G.(.. ..........1 eihVle o GL)................I an oi rnfrB.C.(.. ...........Chicago & Alton Ri. Ri. Go. (0.11.)........................... 24 Lehigh A New Nnglsnd A. H. Co. (o.L.) ...................... 12 Saint Louis Southwestern Bly. Go. of Txas (St.W) ....i:..
Chiag A asern~Ilinji By G. (.E)..............15 tihL a lleyln I. U. Go, (G.L.). .............1SanLoiTrnerfy4.(j)

Chicago A Erie R. R. Go. (GL.)........................... 12 Long Ialand R. ki. Co. (.E.)_....................1 San Antonio, Uvalde A Gulf R. Co. (S.. ...
Chicago & North Western By. Co. (6.11) .......................22 Los Angeles A Salt Lake R. B. Co (S
....... ,, :.. .................... 16 Soad AiieB. o S)... ... .. .... .. ..

Chicago & North Western System .............................. 22 Louisiana A Arkansas fy. Co. (8. .. ...2 S.uthern fly. Co. (S.) ...................... ..
Chicago Burlington A Quincy Ri. R. Go. (0.11.) ...............24 Louisiana By. A Navigation Co. (8.1.)......................26 Southern Railway System......L...I.......20ad1
Chicago, Detroit A Cand Stand Trunk Junction Ri. N. 00.10.1. ) 11 Louisiana fly. a Bs~igation Co. of TIa ..S..) ..............28 Southernt Pacific Go. (Notif~c ine. 1,fls3 8 ...........2
Chicago Great Western R. R. Co. (61.).....................22 Louisiana Western A. R. Co. (6.1.).........................31 southern Pacific L. ... Ie ... 2. 3
Chicago. Indianapolis A Louisville By. Go. (0.5.) ............ 15 Louisville A Nashville fi. R. Co. (B.) .......................19 Spokane InterntionalB. o i. ..............2
Chicago, Milwaukee A Saint Paul By. o. 6. 1....... .... 22 Louisville, Henderson A Saint Louis By. Co. (S.).............19 Spokane, Portn A Seate By>. Co. J( ......... ....2
Chicago Peoria A Saint Louis Ri. A. Co. (0.1r.) ... ... 25 Statst Island Rapid Transit fly. Cc. (0.5.) ........ ,.... ...1
Chicago River A Indiana R. A. Co. (6.1) 3 Mins Central R. fR. o (N.E.)............................ 10
Chicago, fock Islen & Gulf fy. Co. (C.W.) ...... ........... 25 Vichigan eya R. i. Co. (0..) ........ .................13 Tennese eeCentrl .Co (S.) .. 21
Chicago, Rock Island & Pacific By. C.. (C... ............... kidn Co. (.W.) ..............................Terminal
Chicago, Saint Paul. Miuneapolis &Omaha. C (..) ... .. 22 Minneapolis A ant Louts R.R. Co.( _..) .....................3 Taerka&C.. .
Cininati Idiaaplis& ast= R C. C.F) ....... 6 innapMariein PalN SaGo.aiteMaBe.y. .).(N ..)..22 erse &Ne& Or New Orleans.) ................. 3
CininntiNo Orean &Texas Pacific By. Co. (B.) ......... 21 Miss~issippi Central A. R. Co. (S.)......................... 2 Texas a Pacific BY. Go (SB......................3
Cincinnati Northern Ri. Ri. Co.' (9.6.)...................... 16 Missouri & North Arkansas fly.- Cc.- (8S.11-).)................... 29 Toledo, Peoria A WesernB.C.(.. ...........2
CleveIlanA, Cincinnati, Chicago A Saint Louis fly. Co. (CL. ) . 16 Misaouri-Kenfss.Texas Lines................................ 29 Trinity & Brasos Valley ,y Co. (S4.W.)........ .........3
GOltuhfield B. B. Do, (s.) ...............................16 1 Mi euri-anae-Texas R u. Go. (8.11) ..................... 29
Colorado A Southern By. Co. (0.1 ). 24 .. ...uri-KanaaaTex, R. R, Co. of Texas (6.11, .............. 29 Uaeer A Delaware a, R. Co. (,.) ............. .
Columbus A Greenville Ry.0o. (.) .... 19 Missouri Paecfic R. R. Co. (S.W.) ...........>................29 Union Paific . ........................
Mi cprzi Pacific systm............................. 29 and 30 'Union Pacific System..........23ad6
Delaware A Hudson Go. (9.1.) ..............................I 11 Mbile A Ohio A. Co. (S.) ... ..... 2 Union Ri. Ri. Co. (of Pennsyvani)'~i (:::Zx:)
Delawa, Laokowanna& western R. .Co (G..) ................ 13 Utah By, 00. (0o. ............................i 4*
Den & Gran4elpattx l R o.. (0 .W.) ...... nongahea 5Y. C o. (G.L.) ............... .................. 13
Deavr &Sal Lake R. R. Co (o.11.) r R. R. Go. (GIL ............ 13 Vickburg Acute. ...... ........ 21 31
Detet& Mckiac y. o.I.LL,) ..........................12 Morga6 Louisiana & Texas R. R. & StesAehiPo. ~. ...3 Vicksburg, SphreveprtA&PaCcicR. Go (8 W.) .......,... I... 31
t oledo Shor Line R. R. Co. (C.I.) .............ian 1S Virginian ABy. Co. (P.) ......... .......................... is
Doit, Gnd Raven A Milwaukee By. Co. (0................ 11 Nhl Chtaoh By. Co. LGuLe...........
Deleo Ter in R. Ro. Co. (.L.) ""........ 32 N Not r o Ry. CA tOWne ...G..,. ................. It T o. (9.11.) ..1.. .. 14
rt T l A I o. R .. ...............:.... 6 Nov en B System.................................. 'e ...............................
& Iron Bange B. A. Co. (.1.)......................... 2 Now Jersey & York R. R. Co. .L.) .......................1 West Jersey & Seasbore H. H Co. (0.3.]................... I
Dlth, isabe & Northern y. Co. (3.w.) ............ 2j New Orleans & t e n N. R. GO. ..... ...............1 Wste Maryland fy. Go. (023,) .. 1
Duluth, South Shore A Atlantio By. Go. (N. .).................22 We. Grime Ha N .... ........ .............Western tacifin R. Go. ......................
Duluth, Winnipeg A Pacific By. Co. (5.1.)..................22 Nw By. Go. (SW).......Westrn By. of Alabama (.) 11
S...............................................................1.an. Wheeling A Lake Erie By. 0.. (C ) ........................17
'est Saint Louis Connecting By. Go. (Co..) ..................32 No York Central R. R. Co. (G.L.) .........................13 Wichita Vally By, Co. (8.W.).......................... ..... 27
Sigin.Joliet A hatern By. Co. (.3.)w......................16 fw York, Chicag A Saint Louis N. R. Do. 4..) ............. 13
Erie R. R. Co (0..) ........... ........................12 Na York Goanqcting R. R. .0. (..)........... .... .... .11 Yazo & Mississippi Valley U. A. Go. ( .) ..................L9.
Eria system.................. .........................12 New York. Vaw Haven & Hatford B. R. Ce (..)............. 10
Evansille, Indianeapolis A Terra Harts By. Co. (0..) ........ 16




6 INTERSTATE~ COMMEFRCE COMMISSION BUREAU OF STATISTICS

SUMMARY NO. I-RECAPITULATION OF CAPITALIZATION AND INCOME TAKEN FROM
CLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1925




Lanern District
item UInited States New England Great Lakes CentrlToa
Region Region tern ... ..
.. M s .. rd o d ( l t ) ..83.929.90 5 34 6 ,26 3
2 Average miles of road operated' .......... 236,357.24 7,6.oo 2Z:789-3 26,8. 19....
Common "took ........ ..................... ...... $5,916,973,375 lP31,1 .941 $1,077,99,112 $,022,69,351 $ 7
Preferred stock .................................. 1,755,188,618 6j ,1 200 216,902,2d 235.478
5Total capital stOk:.......... 7,62,161,99 2 2,30,141 1,294,4.3 1 259 47 690 29569
6~ Funded debt unimatured ................ 1,52,2,94 546,810,279 1,601.7* 7,567 1,829,754,072 3.735,1
7 Other long-term debt ..............43,361,006 26:7242,821 41,841,557 1927891,224
8 Total long-term debt .......... i,9624,585,900 5 73. 553, loo 1, 624,629,124 1, 8 pi 94 6.6,6
9 Grand total capitalization ....................... 18 ,636,747,7M 8,853, 341 2,939,470472 3,107,4,631 92l
10 Railway operating revenues ......................... .6,120,6124,09'4 270,875352 096,18, 966 ',18 79,67Z 2 9
1.1 Total maintenance expense:........................2,0 120,693 9136,1 21, 6 907 6
12 Railway operating expenses ....................... 45,:6,029 205,5 2 6 9 1 052,i,26,4 4g:31
IjRailway tax accruals:...............................38 475,479 11, 2 62 2,38 6.,li
1Railway operating incomne............................1,225,527,816 53,84 ,69 211.979,095 260,15 02 525,968,2
1 Equipment and joint facility rents............... d 103.46 d 10, .55 49 d 11, 7 2 8
16 Net railway operating income ....................... .1,121 11 43:349,112 002495
17 Other income ...................................... ...260 1 10171,756 52,136,09
1s Total income........................... 1,382, I4303 53,520,868 252,2403,392 2 ,7Ii 59 M:71
19 Rent for leased roads ............................ / 1.52,-43,927 / 667,005 32,47,339 54, 859,03
20 Interest on funded debt ..........................46,472,929 27,882,813 71,905,907 861 451 7
21 Interest on unfunded debt ..*........* .............. 1l-,052,077 361 ,240 2 ,5,o40 1,8144,871 5,15
22 Total interest acorued.................. .9,525,006 2%,244,053 74,910,947 as8029,388 1 4
23 Other deductions ................................. 27 .. .660 1,76, 1 773 .6, 6 8
22 total deductin'...........:...,: 3973 73b,47,199 ~ 14;Z8, Z.4349235.259 30, .02
25 Net income .......................................702,732,720 14:1,69 3,74,'9 1950,0 9 13,1
26 Dividend appropriations of income and surplus .... 36 2,1 52 .909 66 574 5 05936,170 27,1,05
27 Total appropriations of income ................. .22,98,910 1,611,707 5395;,69 52,566,887 108,131,2
28 Income balance transferred to profit ad loss .... 477,763,820 13,261,962 80 ,791.760 86,938,313 180,992,035

Ratios of Items

Per cent of Grand Total Capitalization: (item 9)
Common stock ( t to 9) ......................318 26.7 367 329.
Preferred vo (4 to 9) .................. 9.4 7.1 76 7
S Total capital stc 5to9) ........ 44. 13824~
Funded debt unmsatur ed( o56.5 63-1 524 5495.6
7 Other long-term debt (7 to 9 2. 3.1 Z0613
Total long-term9 59.5 8
Per cent of Railway eatingg Revenues: (Item 10) 8
1 Ralamaontenain expenses (1 to 1Q 9 33.7 33.7 35-3
11 Ralwa ua intesxc expenses 12 to17.1 '?.9 74.97625.
1 Railway ta ccruals (13 to 10) ................ 5.9 5. 5.0
l? Railway operating income to 10) 20.0 19.9 19 18.6 2.3
15 Equipment and Joint facAiiy rents (15to 10) ..
16 Not railway operatig inome (16to 10 )........1.
Per cent of Total Inco e: (item IS)
17 Other Income (17 to.... . 1.... .1 27 19.8 2
19 Rent for leaned road1s 11.0 1,6.2 12.9 19.0 1.
20 Interest on funded det(0to IS) .......35.24 52.1 28.5 2 321 Interest on unfunded debt (21 to 18) ..0 0
accrued (22 to 1) ....... 36. 52.1 2
R Total deductions (4t ~ .....4: 294. .
25 Net Inorn (25 to 18) ..................... 50. 7- -53.4 .6~
2j Tota apoprain of inome (2 7o25 ... 32.0 10.8 110,0 37.7?7.
Ino~a bale transfderred to profit andi
love (26 to 25).......................... 66.o 89.26. 62,3 6.




11TETIATE COMERCtE COMSIOW15N
BUREAU OF STATISTICS

SUMMARY NO. 1-RECAPITULATION OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY OF
CLASS I STEAM RAILWAYS (NOT INCLUDING BWITCHING AND TERMINAL COMPANIES O T A
DECEMBER 81, 1928





Southern District Western District
Item Pocahontas Southern Total Northwetern Central Southwestern Toal
Region Region Southern R on rnRegionWet
District Reginn =yg ppyi
1 Uiles of road owned (single track) ............... 5,068.91 30,514.03 582.94 43,) .23 41,722.22 25.72945 11
2 Average miles of road-operated* .................. 5,518.69 38.543.51 ,62.2 4,7.41 3,66.
C common stock ..................................... $2,67,680 $ 685,9,292 $ 959,604,972 $ 752,065,61) $1, 86 1
Preferred stock .................................. 6. 518,400 143 ,850 2001,4,250 .41 .343
5 Total capital stock .................. .. 7,166,080 829,453,12 1,16 ,619.222 1227,24, 1,12,70.512 619,5,
unded debt unmatured ..,......................... ,579,324 1487,91,152 1,96470,476 17 4,39. 1.7,46,727 1,152,54721 ,
7 Other long-term debt ............................ ...12,081.097 12,081,097 50,521,92 199.50.505 33946 6
a Total long-term debt .................... 408,5 79,324 1, 499,972,2% 1,908.551,573 1,819,910.386 1,98,317,232 1,241. M 4 ,7
9 Grand total capitalis.tion ....................... 745.7 45, 2,329,425,391 3,075.170,795 3,047,534.851 34,021,74 ,6,23 49
10 Railway operating revenues ....................... 260,156,449 646,581,263 1,106,737,712 713.51f.765 1,0 4496,998 501.287,63 2,2
11 Total maintenance expenses ....................... 96,66 ,o010 279,834,576 376,498,586 236,011,228 340350,05 171,49,o 851.
12 Railway Operating expenses ....................... 176,8140,757 616,485,743 793,326,500 532964065 750 373238232 1. 54,
13 Railway tax accrualse ............................. 17,452,300 50,957,638 68,49.938 50674207 71 2 24130703 6
1 Railway operating income .......................... 65, 72,557 178,8914,328 244,676,885 129,697,041 22149,51 10366755 4
Ij Equipment and joint facility rents ............... ....5,5482,358 d ,26.1 d
1 Not razilway operating income ..................... 71 ,26491 ? 11 64 V,0210,9 8,76,49 6765,3
17 Other aicome ..................................... 3.832,15 28,89,5702 32:728,217 29.6 4,181 68,762,950 10,129,575 10
z Other income ..........................................3,5 e,970 7s.
18 Total income ........................... 75 097,: 0o 196, 16~,017 271,561,447 148.448,137 270,90 41 96,891059 516
19 R nt for leased roads ............................ 920,625 11 ,7498,:406 12,669,031 4,005122 33,3 9 4 50
20 Interest on funded debt .......................... 19,646,938 69,713,780 89,360,718 84,634,645 73,432,506 55,0 23 21,1389
21 Interest on unfunded debt ........................ 267,841 797,741 1,065,582 2 ,073,470 2:059,066 7 &
22 Total interest accrued .................. 19,914,779 70,511,521 90,426,300 86,708,115 75,1 91,572 55,81631 2101
23 Other deductions ............ ......785, 12 2,067,208 2.,852,520 3,211,716 2,6 91,274 658.
24 Total deductions ......................... 21,620,716 84,327,135 1 ,947,851 93,924,953 111,580,5 62, .83 268 731
25 Net income ................................* ..** 53,176,14 112,136,882 1 ,613,596 54523184 159323,406 344,226 247
26 Dividend appropriations of income and surplus .... 20,76, 450 44,,011,051 6,771,5o01 37,381460 102, 794,105 9 ,72871 r
27 Total appropriati6ne of income ................... 1,244,0 9 o10,681, 43 11,925,46 22,418,172 76,733,867 57, 104912
28 Income baleace transferred to profit and loss .... 52,232,665 101,1455,15 153,688,110 32,105,012 82,589539 28.389,124 143083,675

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common atoot (3 to 9) .......................... 36.7 29.4 31.2 24.7 38.6 23.1 .303
1 Preferred stock (4 to 9) .......8.5 6.2 67 15 9.9 10.2 12.0
Total capital stock (5 to 2 .6 37.9 40.3 48.5 33.3 42.3
Funded debt unmatured (6 to ) ................. 4.8 63.9 61. 5.1 46.2 61.9 538
7 Other long-term debt (7 to 9 ........ .4 1.6 53 4. 3.9
S Total long-tern debt (8 to 9 .................. 54. 64 621 59.7 51.5 66.7 57.7
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) ....... 37.2 33-1 34.0 3.1 32.6 34-2 33.
12 Ra1way operating expenses (12 to 10) 68.0 72.8 71.7 7.7 71,9 74-5 4
1 Railway tax accruale (13 to 10) .......6.......7 6.0 6.2 7.1 6.9 4.8 5
1 Railway operating income (14 to 10) ........ 25.3 21.1 22.1 18.2 21.2 20.7 20.1
15 Equipment and joint facility rented (15 to 10) .. 2.1 ... .........
16 Net railway operating income (16 to 10) ........ 27.4 19.8 21.6 16.6 19.4 17.3 18.0
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ....................... 5.1 14.7 12.1 20.0 25.4 10.5 21.0
19 Rent for leased roads (19 to 18) ............... 1.2 6.0 4.7 2-7 12.3 6.5 8.5
20 Interest on funded debt (20 to 18) ............. 26.2 35. 32 57.0 27-1 56.8 1.3
21 Interest on unfunded debt (21 to 18) ..... 0.3 0. 0.4 1.4 0.8 0.8 0.9
22 Total Interest accrued (22 to 18) .......... 265 35.9 33.3 58.4 27.9~ 57.6 4.2
2) Other deductions (23 to 18) 1.1 1.0 1.0 2.2 1.0 0.7 13
4 Total deductions (24 to 18). .................... 28.8 42.9 39.0 63.3 41.2 64.s 0
25 let income (25 to 18) .......................... .1.2 57.1 61.0 36.7 58.8 35.2 .0
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) .... 2.3 9.5 7.2 141.1 48.2 16.9 42.3
28 Income balance transferred to profit and
lose (28 to 25) .............................. 97.7 90.5 92.8 58.9 51.8 83.1 57,7

including trackage rights.
d Deficit or other reverse Item.









BUREAU OF 'STATISTICS

SUMMARY NO. 2-RECAPITULATION OF CAPITALIZATION AND INCOME ITEMS TAK CLASS I SWITCHING AND TERMINAL COMPANIES FOR m YEAR


Eastern District Wetern District

United Great Centrl T N hwe tern C r
Item State Lakes EasterntEasternn Western western
Region Region Dietrict gin e no


1 Milea of first main track owned ................. 223.38 82.44 io1.11 1355 3 1Z
Miles of first maino track operated ....o. 4o 163-71 169. 5001000 19.64 64. 1
3 Common stcrk ................................ $3,9' ... $1,0,0 ...~,5 2, 0 $ 5000 $10000 $ ,5,0 1.5.
4 Preferred stock ... ... .. ... ... ...
Totalcptl tc 37,893,100 10,500,000 1I'Ol~Q 27.5A10,W09 500 00 l00,0
6 Funded debt unnatured ........................... .15,070,68o 8,Z63400 42,609,000 51,072,40 319000 3,97000 4782 5
7 Other long-term debt ............................ 6,473,913 5,073,913 1,1400o,00 6:473,913
8Total long-term debt ....................111:44,59 ~537,313 .0900 57.54-b.313 319,0000 497220 53992
10 Railway operating revenues........................66,229,1 6 2 026, 99
9~ Gr:n toa aiaiain............14,I3, ~ 001 310 28 a 5 4,029 89 6389,267 1,647 129058 21
11 Total. maintenance expenses ....................... .1769o,220 315 11 25,0 1,877,159 4.,,1 5
12 Railway operating expenses ........................ 4465:, 12,0820 20, 14 32,563.360 14,91
1 Railway tax accruals ................................. 94861 1,025,369 1,72,79 22756,167 195*489 24o,0:7
14Railway operating Income ................ .........13,783,808 3,895,97 5,814,059 9,699,931 1,625,635 2 s8
I Equipment and joint facility rent .............. 2.2,42,27 d 00 99,56 d 2,27 1 330592
Ne railway operating income .................... 16,8.23 _911 G"2,9 433
17 Other income .................................... 2,389,270 240,597 1,214c732 1,411,319 9, 976 42
is Total income............................ 8,997,505 3,125,1 1 117,963 3.0 1.670
19 Rent for leased roads ........................... ,325.,822 27142 2.6936 2 7 2000,000 8,000 12 io
20 Interest on funded debt .....................626,116 196,59 49;230 221
21 interest on unfunded debt ....................... 11,482 8 9,96990,63 9
2Ttal interest accrued .....................1924613 491:146d 195.7.3 24 1544,2234$ 190,7 21304
thereduction...................... 1,24,37,62 l15 ,112 51'23,0,
O Total deducto.. ......*. 2 .... ..11,87,863 561 584 5, 9 6 7 2,255,679 2360o 3, 5
25 Net Income....................... ......... .7,1,642 2,564027 2M 1 5,018 3 805,991 316,013 96
26 Dividend appropriations of income and surplus .. 1,408,5 30 290,000 937,200 1,227,200 50,000 ...
27 Total propriations of income .................. 2,742,670 1, 351 350,1461 1,907,912 50,00 309713
28 Income balance transferred to profit and lose ... 4,366,972 ,O06, 676 2,15,705 3,10,31 755,991

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) ..................... ..... 25.4 43.7 27.9 32.4 61.1 2o.4 15.1 16.
Preferred stock (4 to 9) ....................Total capital stock (5 to 9) ....................'. 143.7 27.9 32.4 61ii 204 1 .1 ,.
Fudn t debt unmatured (6 to 7 ...............769.8 6o.o 38.9 796 839
7 Other long-term debt 7 to 94 . 211 2.3 7.6 .....
Total long-term debt 5 to 9) ............ 74.1 56.3 72.1 67.6 389 796 a4.9 si
Pr cent ofRailwa Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 26.7 25.4 26.4 26.0 27.4 25.8 2828.1
12 Railway operating expenses (12 to 10 71.7 71.1 73.1 72.3 6 7o
Railway tax acruals (13 to 10) ............7.5 6. 6.2 6
1 Railway operating income (114 to 10) ......20.9 22.9 20. 21.5 23.8 11.71793
15 Equipment and joint facility rents (15 to 10) 1 4.3 .. 31 ..19.5 15.39:1
16 Net railway operating income (16 to 10) ....... 25.1 17.0 24.3 21. 43.3 27.0 27-5 3N
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ....................... 12.6 7.7 15.4 13 .287
onfudd 8)24. 1: 214.2 21,91
1 Retfor leased roads (1 to 18) ...................28.1 0.9 30.8 N6 93.
20 Int~r:t on fude debt (20 to 19) ............ 24-.3 15.92. 19164: 542.
21 Inteet on unfunded debt (21 to 18) .......... 0.1 0.1 0.1 ...
22 Total int erest accrued ( 22 to 18) .......214.14 15.9 214 ~ 22.0 1.6 40.4 i:
Ohrdd ios(3t 8..........1011.2 114: 10:7 6.8 0.I1.29.
Toa eutos(4t 9........ 2618.0 55. 3J742.8 69225 Not income (25 to 18) ...............................37.14 82.0 30.5 .34. 57.2231.
per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ...36.6 6o.7 114.3 38.0 6.2 97.7, 49.134
28 income balance transferred to profit and
loss (28 to 25)........................ ...... 61.14 39.-3 85.7 62.0 93.8 2.3 50.9 60.1

*The New EnlnPocahontas and Souhen Regions, and the Southern District, do not iclud sitching and terminal- companies of Class I.
d, Deficit or ote reves Itm





BUREIDAU OF SATIS
STATEMENT 01' CAPITALIZATION ANIN lCOME1 ITE~MS TAKEN FO RLMNR EOT FCASISEMR1WY
(NOT INCLUDINGR1 SWITCHING AND TERMINAL OMPANIE) FOR THE~ YEAREN DDCMBR3,12


New Egland Regio
Item Bangor & Boston C~~~anadian Jai. Rye. ay.I nda L M. n o ae yfe
Item Bano a Bosto AtUIC0 e
Aroostook Man Atani Cent Candia lwYrk
&rcto mi aint Vermont Pacific Central cetaNo NwHvn
R. R. Co. R.a. R. R. Go. Engan
RR.o. . Lawrence Ry. Co. Linea in Ry. Go. &Hrt.r
R. R. Co. Mine R. R. 0o
1 Miles of road owned (single track) .............. 624.37 1,700.99 165.35 2141.16 1736.
2 Average miles of road operated* ........ 615.52 2,300.52 166:79 434.18 23373.88
Comon stock 3 $,860,000 5 391 5,494,000 63,000,000 $2,239,550 $1,0,0p.M 20 05.1,0
sPeered stock 4.....80Goo............ .,0
Total captl stock ..................... 7,340,000 61,3,091 5,484,0o
funded det nate ................... 21,675,500 127,j30,ii0 ,11,0 ~2 0
Other long-term debt .............................. .... 1 9,815 i986, 3.
Slong-term debt .........21, ,500 127,39,4 1 9,815
9 Grand total capitalisation ............ 2015, 00 208,862,57 7,123,815 4 9 ,1 0 o5460 2:4:0 6,1,6
1 Railway operng revenues ....................
1 Total maintenance epense.................. .. 26,261
12 Rail operate expenses .........................13Z 62,1 2,37 527 1
17 Railway oe accru o ............................. 569,9 3
1 Railw a ..................................... ....6,98 14 'd47
15 Equipment and Joint- facility rents ..............0,910 d 2ILab26 d2654 T 1 1.89 d O; .;
16Net railway operating income..................1707,9 7 65,51 U4Ie30568806
17 Other income ..................................... 7
18 Total income .......................... 0 1 2 M187 1,206 853
9 Rent for leased road ............................. 12Z.351 .
20 nt rest on funpded debt ..........................1,031,651 6,59 4080 1,2314,2 1144.500 1,3 6: 5 0
21 Interest on unfunded debt ............................6,118 5,156 206,295 7.94 26T 1U05 86,8
22 Total interest accrued ................... 1 37: 6
234 Othier deductions..................1 z'4' 15 1
T~ii otaomitin ..... .................... lO7I7 2o6,297,:506 ,3 1416.6o6 21389062 2 8,6
N iDvidend aportinofIncome and surplus W,500 2899,B4oo 2,3 .
27 Total appropriations of income....................... i72,4314 289,24o~o
28 Income balance transferred to profit a lose ..,628 1 4,596,47 173 7 0 9

*Ratios of Item.

Per cent of Grand Total Capitali ation: (Item 9)
SCommon ,tock (Q to 9) ...-........................13.3 18.9 77.0 9.3 25-7 29.6
Preferred stock (4 to 9) ........................ 12.0 20.17.
Total capital stock (5 to 9)...........................3 39.0 77.0 .3 7017A
Funded debt umatured (6 to 9 ................. 7Z47 61.0 9. 2.
7 Other long-term debt (7 to 9 ..................... 1.1
Total long-term debt (8 to 9 7.....4 610 23.0 917 743 a
Per cent of Ratlway Operating Revenues: (item 10)
11 Total maintenance expenses 11l to 10 37 2.0 35.8 36.-9 5 33.3
12 Railway operating expenses (12 to 10 79.0 372 91.7 s6.9 102.14 7- 557
13 Railway ta accruals (13 to -10)............... ,.3 .9 8-5 5.2
Railway operating income (14 to 10) 8.5 285933
15 Equipment ad Joint facility rents (15 to 10) 4.. .... 1.
16 Nt railway operating income (16 to 10) ........ 24.9 15.2 ... 7.7 ... 15-5 "i.4
Per cent of Total Income: (Item 18)
17 Other income (17 to ) ........................ 3-7 7.14 232..4 14.930.
19 Rent for les d ebtd 1. 96 3o
21 Interest on unfunded debt (21 to 18) ....0.....1... : .210
22 Total inte accrued (2 to 18) ............... 58? 40. 11.6 98"7
.........23 t0.7 0.7 7-.9203 10.00 .
T ald 2 t............. ," .... ............59.2 59.2+1
,. tal d e to n s ( 2 4+ t o V# 46
2 et income( to 18) ....................... Z098 59.1 .. 2
Par cent of Not Icome: (iem 25) 3 ..
2I Total anropriation of in 27 to 25) ... ... 16.0 96.9 ..... <
U Income balance transferred to profit anId 3. ..
S( to 25)..... ..................... ... .. 84.0 3.1 ... ... 6 10 I0.

seeak Neeions r this systm.
ao Neon system.
Including trackage right.
SDeficit or other reverse item.





BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY R
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE Y NDDC ME 1,i192



New England Region Ga Lakes Region
I~em oewmYI/
Im ,Buffalo, h 5 V Delawar Gran arru
item ewYRutland Rochester & trDet G Taun & RunR
Connecting R R. Co. Pittsburg &a Weserest
asGad & Miwaukee yCoR..C.
R. R. Co. Ry. Co. Trunk Junct. i Co.
.. . . .. .. -o Z

1 Miles of roa owned (single track) 8....... .97 ?956369.71 59-5183 .630-6251
2 Average miles of road operated* .................. 20.50 .3901 59.-55 1893 3 772.89
Common stoek ..................................... 3,000,000 $ 147,o00 $10,500,000 $-1,095.000 $ 1,500,000 $ 6,oooooo
Preferred took ... 8,959,500 6,oooooo ...
Total capitalstock. ........... ....000 9,107,300 16-500000 1,095,000 1500,000 60*, 000oo-....0 84....1
Funded debt umatured ........................... 10, 5,200,000 ,47 ,20 7.o0.0o 97o600
7 Other long-term debt ............................. .,366,000 7.409 1,98,09 log 470,714 17 1
8 Total long-term debt ......... ...........26366,000 10,760,000 36,076,409 1,983:109 1 8,670,:74 50:04, 7
Grand total capitulation ........................ 29,366,000 19,867,300 52,576,409 7,07#,19 1o,1 7
10 Railway operating revenues ........................ 1,293,138 61 ,ol 16,560,71 3,353,72 7,073 72 1, 4
11 Total maintenance expenses ....................... .393,210 2,526,941 6,627,440 53 1
12 Railway operating expenses ........................ 1.020446 5,449,501 13,690,729 1,667,69 4,698981 14, 5
Ralway tax accruals.............................. 458:304. 310,321 47 110,851 52,151 770,50
Railway operating income ......................... 679,905 4,036 1,573,823 2,319,994 4.4111,4 ,,,35
1 Equipment and joint facility rents ............... 1....,79,a 7 1d 767 120,6,, 531 9d6
16 Net railway operating income ...................... 1:25 234 786,66 2,650,757 1,203,082 1141,558
17 Other incoihe ......................................... .. 9 1 3,98882,026 558 3, 6, 1
Toa 0nco0e 2" .01 1,1,7 1::: 1m,2+ SEZ,- ,2135, 2,47 219,0
18 Total income ...........................,293,024 827012 1,1,74,2,81 ,4358 ~
19 Rent for leased roads .................. .......... 19,000 373,500 ... 2 .10
20 Interest on funded debt:...............................11221,96o 463,739 1,696, '408 ... 530,2480 2,070,21 :
21 Interest on unfunded debt ........................ . 1,299 99 9,462 ioo,147 665 0, 9
22 Total interest accrued .....................,223,259 463, 3 1,705,870 100,147 :3091 2, 6
Othe deductions .....................................57,570 5, 7: 39.158 1,068,81 '4037 126
214 Oer Total deductions ...........................,280,829 148,3 2,118,528 1,169,288 1,205 911 2,1.7814,01.67
25 Net income ............................................2,195 371,913 661,596 447,782 17,673 4 3,77 1,9,9
26 Dividend appropriations of income and surplus ...... 780,000 43,800 ....3M 24 1 2
27 Total appropriations of income ................... .... ... ... 13,8001 ... 3 2 1
28 Income balance transferred to profit and lose .... 2,195 371,913 661,596 3,982 17,673 d i 4.97709 1, 5 9

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
c omon stock (3 to 9). ......................... 10.2 0.7 20.0 35.6 14.7 10.7 365 99.7
q Preferred atock (14 to 9)............................ 45.1 11.14 ... ... ...
Total capital stock (5 to 9) .................... 10.2 ILA4 31.1 35.6 14.7 10.? 99.7
Funded debt unmatured (6 to 9) .................. 81.7 52.6 51.2 579 63. 0.1
7 Other long term debt (7 to 9) .............. .1 64."4 P.1313 ... 0.2
Total long-term debt (9 to 9) 89.8 54.i 6 6., 5-.-3 .- 0.3
11 Total maintenance expenses (11 to 10) 4 30.31.2 4.0 15.9 19.11 36.0 37.9
12 Railway operating expensee (12 to 10)8 a.6 82.7 49.7 66.4 6a7..
Railway tax accruals (13 to 10) ..................... ...4 4. 2.9 3.3 0.8.
1 Riwyoperating income (114 to 10) .. 1... 10.6 14. 147.0 32.8 18.3 16. 17.2
iquie and joint facility rents (15 to 10) 11.3 1 .6 1:7 ....
1 Net railway operating income (16 to 10) ........ 97.0 12.2 16.0 359 16.1 1 I ,9
Per cent of Total Inodme: (Item 18)
17 Other income (17 to 18) ............................ 2.2 8.6 14.6 1.1 6.7 2.0_44.o 2.0
19 Rent for leased roads (19 to 1$) .. .......... 2.2 13.4 ... 3.5 03 15 31-0
20 Interest on funded debt (20 to 18) ...I....95.2 53.9 61.0 .. 43.3 81.7 2:
21 Intere t on unfunded debt (21 to 18) 0.1 4. 8.3 0.1 0:11 15'i
22 Total. interest accrued (22 to 18) ....3 53.9 61.4 8.3 43.40
24 Other deductions ( to 19) ......................5 4 7 1.4
2 Total deductions (24 to 18...............99.8 :8. 76.2 919811Z. g:
25 emInomet (25 to 19) ............ ..........
Per cent of Net income: (item 25)V32.393079
27 Total appropriations of income (27 to M) .......... 91.7 ... ... 6.3 89.2
28 Income balance transferred. to profit and
'loss (28 to 25) .............................. 100.0 100.0 100.0 8.3 100.0 ... 93.7 10.8
V S eelao qw Englzand and Northwestern Regions for this system.
Including trage right.
d Deficit or other reverse item.





12INESAECMMECMISO
266o

STATEMENT OF CAPITALIZATION AND INOME ITEMS TKNB AI P
(NOT INCLUDING SWITHING AND TEMINAL CONm IES FO H EREDD EEBR3,12


Great La Region

Item Detroit & Detroit & E S m Lh &ee
Maknc Toledo hcg New Jersey Nw~ York, Hdo e
Shore Lene Er Ri & New York S R Ry.
IV. Co. R.iGe Co. R. R. Co. R. R. Co. & Westen C.R R o
__ RR. R.O Co
1 Miles of road owned single track) ........ 77-48 147.49 2149-57 859.7 ~ 3.4613797.o762
2 Average miles of road operated* ................... 75.3 60.93 269-56 2 053.20 M-72
Common stock ....................................... 90000 428,00 0,0 12 63g"$goo $ 1,44oI0;O0 $128,31 $.0,0,,0,0
Preferred stock .....787............... 950,000 ...,
Tota capital tock ................. 2950000 142,000 100000 176,386,300 2, 6o 25,
Funded debt unmatured ............................ 2,750,000 3334, 22,30000 14,017061 1,025,960 1 ,
7 Other long-term debt 1.1.......................... .. ... 2114,553 ... 2 6 ...
8Total long-term debt .......... 2,750,000 334,000 314:4I14,557 214,07,61 1,108,610 12:,
9 Grand total capitali~zation ............ 5, 00,000 4,762,000 314,5114, 553 39,0 61 3, 37,0 3 0 ,0. 37 0
10 Railway operating revenues ............. 697114 4,270,835 14,291,27 104,2,181 1,628065 i4 ,30 ,5356
12 RToala oieratng expenses ......................... 1,507,2 2:2 R '2:025P:
12 a o pematin gc expenses ...........................1,782 2 ,23,0 9,9,7 347.367 1 34,119 1,95 ,6 ,3.9 ,7,
1 Railway tax accruals ............................. 121:84 291,908 708, 723 4,02,o68 ,697 33,
1 Railway operating income ......................................1,855 ,099 5,100,512 15,409 923 186,028 6,7 6.97 101,0
15 Equipment and joint facility rent .................. 2, d d
16 Net railwt y operating income 2... .... : ., ..: 15,802,6 d
17Other income .............................. .......,5 41 53 6si~ 5,>154,6
18 Total income ...............................21 ,950 886,165 1,867 26o 20, 956,750 d 169.9o6 42,9 1,0 :8,3
19 Rent for leased road.............................. 83,78? 2,366,6 90
20 Interest on funded debt ........................... ...110,000 111,123 619,900 10, 6 5,298 63,8
21 Interest on unfund d debt ........................ 1,962 30 9 12 34,1936
22 Total interest accrued ........il92 i1 62Z1 11397Z5363:76235
2 Other deductions ................................. 697 97,514 1,154066 : 2,0, 32 2 :
24 Total deduct ions ............ .. .,.,116,659 27,667 1,867,260 14,227,'44 52,0536
25 Net income .........................................100,291 6 1p496 6.729,306 d2199 d 4587, e41,o666:4
26 Dividend appropriations of income and surplus .... 700 So....
27 Total appropriations of income ................... 3114,366 97:364 1,16,915 ...
2, Income balance transferred to profit end lose d 21.. ,.0" 551,134 .5,582,391 d 241.959 d 415741216

Ratios of Items

Per cent of Grand Total capitalization: (Item 9)
S Common took (3 to 9) ......................... 35 30.0 0.3 28.8 43.2 33.2 100.0 49.6
Preferred stock (4 to 9) ........... ............. 16. .. 166 16.4 23.6 3. ... ...
Total oapi$.l stock (5 to 9) 3..........- 0.0 0.2 66.8 667 100. 49.
Funded debt unmatured (6 to 97.0 614.6 5.e 30'7 ., .. 50.4
oaOther long-term debt (7 to 9) ................... ........51..2.5 -i
Total long-term debt (8 to 9).......... 41.3 7.0 99.7-2 i ... 502.
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenees (11 to 10) 116.6 19.3 22.8 36.3 29. 2
12 Railway oprat ing expenses (12 to 10) .8.8.149.7 59.3 81.3 85. 9- 7- 7.
1 Railway tax accruals (13 to 10) .................7.2 6.8 5.0 .9 2.8 653
1 Railway operating income> (14 to 10) .......39 43.14 35.7 11.8 11.14 1.6 .16 1.
15 ,quipmen and joint facility rents (15 to 10) 8.. o.4 ... ....
6 Not railway operating income (16 to 1o) ........ 12.3 19: 12:1 15.2 ... 7-5> 12:.4 1 9,
Per cent of Total Income: (Item 18)
17 Other Incom (17 to 19) .......... .5 14.7 .14 214.6 13. 9.7 .
1 -9 Ren.. fo......d ( 9 t 8) . .. .7:51 .
Interesto funded debt (20 to 18 50.715.8 33.2 49 150 ...
21 Intereast funde debt (21 to 18. 0.9 ... 0.5 .9..
22 Total t- t accrued 22 to 18).............. ,51. 15.8 .:.
24 Other deducions (3t1)...........2.2 11.0 1.:8 24..5..
2 Ttalddcions (24 to 1)...........L 626.8 100.0 67.9..2096i a
Tot i 25to 10).......................... 2 73.2 ... 321...
Per cent of et Inoome: (Item 25).
Total rations of income (27 to2) ...... 3-3.4 153 17.0 ... ... 1-3
Income blce transferred to p ofit ad
lose (2 to 25 ......................... 95-0 ... 93.0 ... 100. 9.7

SInclng traokag e r oit.
Deqficit orohrrves tm





BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF 0LA88 I STEAM RAI[WAYg (NOT INCLUDING SWITCHING AND TRMINAL COMPANY) FOR THE YEAR EDED DECEMBER 31, 1925.



Great Lakes Region
New Haven New York Central Lin e
Item Lebigh Mononga- Montour e Yao
Valley hela Ry. Co. R. R. Co. On Michigan Nw York Pittburgh
Wesenentral a Eri
,eeten R.R. Co. R. R. Co. R. R. Co. R..Go
1 Mile of road owned (jingle track) ............. 278.72 80.56 54.38 320.23 1,185.41 3.730.96 7570 1672.96
a Average miles of road operated* ................... 1,370.26 130.67 57.35 569.49 17132 69094 231 1695.30
3 common etock ..................................... 860.501,700 $ 5,000,000 $ 5,100,000 58,113,983 $18,736,400 $33.25,235 35,995,600 7
preferred stock ...... ...................... 06,300oo ... ... 4,000 66200
5 Total capital stock .............. 60,60s,000 5,000,000 5,100,000 58,117,983 18,736,400 383,258.235 35.985.678.7,900
Funded.debt unmatured ............................ 77,727,000 6,377,000 1,866,000 28,965,000 76,113,077 696,501,507 8,903. 120 000
7 Other long-term debt ............................. ... 4,050,000 ... ... 61 08,000
STotal long-term debt................... 77727,000 10, 27,000 ,866,000 28,965,000 76,113,077 696, 1 ,95 12110,000
9 Grand total capitalization ....................... 13835,000 15, 7,000 6,966,000 87,02,983 94 ,477 1,079.7572 4495 20 7900
10 Railway operating revenue ....................... 74, 0573 5, 48,448 896,034 12,247,511 91,86 .377 38.994 32 5
11 Total maintenance expenses ........................ 5,621 1, ,99 65,0 4,212,93 28,03729 13002756 14 1 361
12 Railway operating expenses ....................... 57,4,13390 3,127,777 983,414 10,319,418 61,893,039 290,44095 25 3
13 Railway tax acrual ...........................** 34...... 3,60 182 2 ,100 44,697 41,181 5,864590 25 343 923 2:17.5 2:965511
14 Railway operating income ......................... 13,375,601 2,514',622 13.09 1, 700 2408,61 69:992348 4 3 7 11
15 Equipment and joint facility rented ............... .. ...80.62.. 18 & 20 120530
1 Net railway operating income .................... 12,494,980 17 11721922 ,
17 Other income ...................................... 2,492,232 8 41,229 3766 15 ,006106, 2852
18 Total income ........................... .4, 987,212 1,840, 91 250,491 1, 45,226 25,292,97 9,40,020
19 Rent for leased roads .......................... .. .2,345,825 136,8241+ ... 211,000 2,735,12 107 4 79 ,317
20 Interest on funded debt ....................... ... 3,552,8 53,172 93,300 1,162,325 3,532,74. 28,6 24 50787 5,120395
21 Interest on unfunded debt......................... 36,7 84 8 11,167 19,911 142,210 24,
22 Total interest accrued ...............3.. .,589,0 543,256 93.308 1,173:492 3,552,654 28,26,494 753 5,4,157
2 other deductions ................................. 1005,778 10,190 12,219 19,667 198,997 1,896,18 1,179, 2 653
24 Total deductions ........................ 6,90,6 1 690,270 105,52T7 1,404,159 6,486,79 44,802,796 2728, 5,
SNet nome ....................................... ,046,564 1,150,221 14,964 41,067 18,806,19 48,627,224 7369, 6, ,07
2 Dividend apropriations of income and surplus .... 4,245,749 300,000 192 5,152,510 33 3598560 3
27 Total appropriations of income ................... ... 56,249 144,964 5152510 26 951 3598,560 i
Income balance transferred to profit and lose .... 8,04 6564 1,09),972 ... 41,067 13,65),682 2 9

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... 43.7 32.4 73.2 66.7 19.7 35.5 80.1 2.1
S Preferred .stock (4 to 9) .. ..................... P.1 ... .. ... 1.3
Total capital stock (5 to 9) ................... .. 73.2 667 19.7 0.1
Funded debt unmatured (6 to 9) ........... ...... 56.2 31 .26.8 33.3 80.3 6. 19.8 .4
7 Other long-term debt (7 to 9) ..................26 ......... .1 0.2
Total long-term debt (8 to 9) .............2 26.s 33. 80.3 6*5 1.9 60.6
Per cent of Maitay Operating Revenues: (Item 10) 3..0
11 Total maintenance expenses (11 to 10) ........... 32.9 214.1 73.0 34.4 30. 34.70
l2 Railway operating expenses (12 to 10)..... 77.2 52.6 109.8 64.3 .4 75.j 79.5 72.4
1 ..46 5o.0 L4S
13 Railway tax accruals (13 to 10) ........... .8 .6 5.0 3.5 6. 5.4
14 Railway operating income (14 to 10) ... 18.0 42.8 ... 12.2 26.2 18.1 17 22.1
1 Equipment and joint facility rents (15 to 10) .. ... .3...2 2.. 1 **
S Net railway operating income (16 to 10) ........ 16.8 29.5 25 8.9 259 17.6 27.89.
Per cent of Total Icome: (Item 18)
17 Other income (17 to 18) ........................ 16.6 4.6 12.5 24.5 6.0 27.3 119 12.6
19 Rent for leased roads (19 to 18) ............... 1577 7.4 14.6 10.8 15.1 7.9
.20 Interest on funded debt (20 to 18) ............. 3.7 29.5 37.2 80.4 13-9 30.7 5.0 4.2
21 Interest on unfunded debt (21 to 18) ............ 0.2 ... ... 0.8 0.1 0.1 2.5 23
22 Total interest accrued (22 to 18) .............. 23.9 2 32 81.2 14.0 308 75 445
23 Other deductions (23 to 18) .....................6.7. 0.6 9 1.4 0.8 2.0 11.6 2.3
24 Total deductions (24 to 18 46.3 37.5 42.1 97.2 25.6 47.9 27.0 46.8
25 Net Income (25 to 18) .......................... 53.7 62.5 57.9 2.8 74.4 52.1 730 53.2
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ...... ...4.9 100oo.o ... 27.4 s.8 53.8
SIncome balance transferred to profit and
lose ( to 25) .............................. 100.0 5.1 ... 100.0 72.6 4.8 512 46.2

See also Now England Region for this qastem.
See also COntral Eastern Region for this system.
Including trackage rights.
Deficit or other averse item.





2660 INTERSTATE COMMERCE COMMISSION
266o
BUREAU OF STATISTIC

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1925


Great Lakes Region
Item PrPitbr& Pttburgh Pittsburg, Ulster & Wabash System:
Per Pitr g & Poit tburgh
Marquette Sbawmuxt & West Sawu & Delaware AnAbr Wbg
Ry. 00CoC. Virginia. Northern An. Ar.o WoabashO. .Co
Ry. Co. R.R. Co. R


1 lles of road owned (single track)................. .1,79-11 102.96 59 .77 160.96 128.96 295.19 2,04;.22
2 Average miles of road operated" ................ .... .2,263. I 102.96 92.34 210.43 128.88 293.86 2,524.20
SCommon stock ........... ..406,000 $15,000,000 $30,500,000 $15,000,000 $ 1,900,000 $ 3,250,000 $66,602,775
IiPreferred stock ................................... 23,629,000 I ... .9,1 .2.. I ,C I 180l2
Tota capital stock 6,67,000 150,000 30,56,ooo 15,0,000 1,90,00 7,250,000 1384 967
Funded debt unmatured ........................ 52,675,000 9,538,000 2,700,000 ... 3,000,000 10,702,250 94,81,9514
7 Other long-term debt ............................. .. ... 1,813,000 10,000 ..
8 Total long-term debt 0.......... 5,,7,00 .538,000 2,700,000 1,813,000 3,60,000 10,712,250 94,45,954
9 Grand total capitalization ........... ... .. Il350 000 24 .53,000 33,200,000 16,81.3,000 1900,000 17,962,250 23.338,921
10 Railway operating revenues ..................... 42,710,69o 1,32 4,98 ,6,384 1,901,899 1,,587 5,867,692 9,910,301
11 Total maintenance expense, ....................... .13.954,922 573714 1,570,096 1.48, 15 '9,78 1,86,396 21660 ,276
12 Railway operating expensese..........................30,225 1,053,L6 2,9 7,269 1627,96 1,5,3 4,3,8:10012
14 Railway tax accruals............................. .. 2,0R.75 21,0 4 624,998 35,727 6,100 2b7,077 3,27,580
11 Railway operating income .............................9, 902,429 249,776 1,263,1471 238,182 104,14W 1,161,292 15,535,228
1j Equipment and joint facility rents ................. 1.132.8 89,6 782,291 d 91.277 d 56.780 d 32d 22,713
1 Net railway operating income ..................... 8,7 0,221 39,3242 2,o45,762 -1480 47,1 12,5 ,515
17 Other income ........... :............. I...............394,144 183,739. 339,633 16, 39 2 0147 18,217 770,107
18 Total income ........................... 9,164,365 522,981 2,385,395 163 ,,344 49,715 1,047,054 13,022,622
19 Rent for leased roads ............................ .. .80,59 ... 397,491 3,000 ... ... 361,704
20 Interest on funded debt .......................... 2,6 O 479,979 132,750 129,272 140,000 41,894 458596
20 Interest on unfunded debt ......................... 6 66,012 89 587,999 2,203 7,317 23,558
22 Total interact accrued.................26811 51, 9 1 132,839 717,171 1420 5921 6115
Other deductions ................................ 214,04 9,847 20,259 2,731 ,10 ,326
Total dduct~on ........ 6 ......8 27.3,99 55:,6j1 50:11 722,91 1,4,612 97,375,
2. Net income ....................................... 6..2, ,82 d 325 7 183 9 go d 559,.558 d 94 9,679 7,94,438
2 Dividend appropriations of income and surplus ... 2,983.290 2. ...... "5" 95', 2,553 61
27 Total appropriations of income .................. ... ....... ... ...
28 Income balance transferred to profit and lose ... 6,4140,382 d 32,857 1,834,806 d 559,559 d 949 19,679 7,946.438

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock ( to 9) ............................ 371 61.1 91.9 89,2 38.8. 18.1 28.6
Preferred stock (4 to 9)........................ 19.5 ... a ,.
Total capital stock (5 to 9) ....................6 61.1 91. 9.2 38.80 4
Funded debt unmatured (6 to ) . ................. 8.9 8. ... 61.2 5.6 9.
7 other long-term debt (7 to 9 ..................... .
8 Total long-term debt (8 to 9) ..............4 iiE 0S6 ~ 4:
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 32-7 43.3 2.3 44.6 30.8 30.4 31-0
12 Railway operating expenses (12 to l1Q 719- 79. -1.1
14 Railway tax accruals (13 to 10) ................ 4... 1...9 6. 5.8 87.0
1 Railway operating income (14 to 10) .... 23.2 18.9 26.0 12.5 7.8 19.8 22.2
1 Equipmnt and joint facility rents (15 to 10) .. 6 16. ...
6 Net railway operating income (16 to 10) ........ 525: 4.1 77 3.6 17.5 175
Per cent of Total income: (Item Is)
17 Other income (17 to 18) .........................4.3 35.1 14.2 10. 4.1 1.7 5.9
19 Rent for leased roads (19 to 18) 0917.......1.809..6. 2.8
20 Interest on funded debt (20 to 18) .......28.5 91.8 5:1 79.1 281.6 43.
21 Interest on unfunded debt (21 to 18) ........... 0.1 12:6 .59.9 4410
22 Total Interest accrued (22 to 18) .............. . 8.6 104.4 39.0 286.0 53.4 35.4
23 Other deductions (2 3 to 18 ....................... 0.2 1.9 0.8 1.7 5.0 2.7 0.8
24 Total deduction 2 to 1V ....29.7 1063 23.1 442.5 291.0
25 Net income (25 to 18 .......................... 70.3 76.9 ......
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ......... ... ....
28 Income balance transferred to profit and
loes (29 to 25) .............................. 100.0 ... 100.0 ... 100.0 100.0

Including trackage rights.
4~Def~cit or otter reverse iteii.





INTERSTATECOMRECMISN
BUREAU OF STATTSTICS

STATEMENT OF CAPITALIZATION AND INOOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LA STEAM RAILWAY
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 192



Central Eastern Region
Blir Juinav-mheeape
Akron, Staten Buffalo & O B 3 Chicago & Chicago
Item Canton & Baltimore Island BeLsemer & Suque- atern Indianapolis
Youngstown & Ohio Rapid Lake Eriel anna R. 4, cooking Illino & Louisville
By C. o. Trnst R. R. Go. C orporation Valley Ry, Co. Ry. Go.
By. Co. R. R. Co. Transit
Rw Co. l/
1 Miles of road owned singlee trqk) ............... 18.99 4,98 .04 2.54 214.86 218.52 320.61 2132 6191
2 Averages miles of road operated ................. 171.314 5, 29.99 23 228.03 253.54 3457 4513 6503
3 Common stock ..................................... $1,500,000 $151 ,353 $1,550,000 $10,699,200 $30,oo000 $10,999,500 $23. R300 $10,500,000
4 Preferred stock .................................. ... 5, 3,181 ... 2,000,000 ,00ooo0,ooo ... 22 5,000,000
5 Total capital stook .................... 1,500,000 216,0,5Z4 1,55,ooo9 12,699,200 7o0o, 10,999,500 459 15500
6 Funded debt unmatured ............................ 2,250,000 547,916, 88 5,511,000 16,125,000 34,801;6 30.19777
7 Other long-term debt................................. 2,770 9 .
8 Total long-term debt .................... 2,250,000 sky,916,688 8,281 9 16,125,000 4,801,O 3 29,227,
9 Grand total capitalization ....................... 3,750,000 756,72 ,222 983149 28,821,200 11,801,033 4,226,500 138
10 Railway operating revenues ....................... 3,.194,729 237, 10 2981137 15.546,685 1,463,315 19659 26 74
11 Total maintenanoe expense ....................... 797,091 81, 47,077 1104,412 5,300,373 906,974 7,859 339
12 Railway operating expenses ....................... 1,9,186 179,09,597 2,788,437 9,95,293 1,5 1 14.309 7 22 10 12
Railway etax atrual ............................ 1,884 100 186,313 3 12204 1 99
1 Railway operating income ......................... 1,068 48814Z024 3,0733 4,74 4,12 7Z
15 Rquipment and joint facility rents ............... 44.. 4 7 d 2 7 d 29950q 1 5 245 195.o
16 Net railway operating income ....................5. b24,4 49,,07 d 2930 09 111,919 3,1921 2,142
17 Other income 639 4 e 553 1: 6 177,092 290:494 409:2 12,3
18 Total ncome .......................... 688 97 ,5 3,90977 2,557.53 2,972259
19 Rent for leased roads ............................ 98 3 5 958,392 2 4 150
20 Interest on funded debt .......................... 124 0 26,4Z8,252 270 88 850,"g 194,325 13920 21967 1,30oc
21 Interest on unfunded debt ........................ 10,129 14,228 1, 6 6,88 2,95 393,631 514 1
22 Total interest accrued ................. 134,989 26,642,480 272, 57, 197,281 1,75,717 22 1,302 370
23 Other deductions ................................. 7,947 1,482,667 14,091 245,935 12,695 11,703 42 3 12189
214 Total' deductions ............. .......... 241,569 28,730,556 286,535 1,81,93 09,978 1,837,501 1
2 Net income ....................................... 446,828 20,793.508 ... 4, 04,2 903 2,072 19 152
2 Divided appropriations of income and surplus .... 120,000 29,1 ... 2, 7,971 ,000 43 2
27 Total appropriations of income ................... ..217,529 4 ,971 295 52
28 Income balance transferred to profit and loss.... 229,299 14,379, 1414 .. 4,28 ,711 9,738 2,067, 1,620,749

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
S Common stock (3 to 9) ........................ 40.0 20.0 15.8 37. 25.4 27.3 27.1 23,0
4 Preferred stock (4 t 9 .................... ... 7.8 .. .0 33.9 ... 25.0 10.9
Total capital stock 5 to 9) 40.o 2.8 .8 4Z.1 9*3 27.3
Funded debt unmatured (6 to .60.0 72.2 56.0 55.9 .7 72.7 7:9 .1
7 Other long-term debt 7 to 9 .................. ... ... 28.2 .. .



8 . .... .......::
8 Total long-term debt 8 to 9 ................. 2.2 4.2 559 47 7
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses 11 to 10) .......... 25.0 34.4 37.0 34.1 62.0 400 39.1 317
12 Railway operating expenses (12 to 10) .......... 60.9 7.493.5 64.1 103.2 72 3.1 728
1 Railway tax accruals (13 to 10) ......... 5.5 42 6.2 5.4 2.5 6.2 5 51
1 Railway operating income (14 to 10 33.5 20.3 0.1 30.5 ... 21.0 1. 22.1
1 Equipment and joint facility rents (15 to lo) .. .. .0 .- 1 2 13.4
1 Net railway operating income (16 to 10) ........ 19.5 18.1. 1 7 18.4 8.1 16.0
Per cent of otal Income: (Item 18).
17 Other income (17 to 18) ...... .3 13.1 201.9 18.9 61.3 7.4 6..3
19 Rent for leased roads 17 to 1.. 8) .............. .... 1.3 1.2 ... 14.6 ... 1.o 5. 1.3
20 Interest on funded debt /20 to 18 .. 18.1 53.5 94.6 13.0 67.3 35.6 85.9 43.
21 Interest on unfunded debt (21 to 18 1.5 o3 0.5 0.1 1.0 10.1 0.2 ...
22 Total interet accrued (22 to 18) .............. 19.6 53.8 95.1 13.1 68. 457 6.1 43.8
2 Other deductions (2 to 18) .................... 1.2 30 .9 8.4 4 0.3 1.7 0.4
24 Total deductions (24 to 1) .................... 3.12 8.0 100.0 20.1 72.7 47,0 93.7 *
25 net Income (25 to 18) ............. .9 .o ... 71.9 27.3 53.0 .3 54.5
Per cent of Net Income: (Item 25
27 Total appropriations of income (27 to 25) ...... 48.7 30.8 ... 8.9 87.7 0.2 132,9 ...
28 Income balance transferred to profit
and loss (28 to 25) .***.*.*......................... 51.3 69.2 ... 91.1 12.3 99.8 ... 100.0

1/ Includes data for Staten Island Ry. Co.
g/ Includes dateator Pittsburg Bessemer & Lake Srie R. R. Co. and
Meadville, Conneaut Lake & Lineeville R. R. Co.
/ Bee also Pocahonte Region for this system.
Including trackage rights.
d Deficit or other reverse item.








STATEMENT OF CAPITALIZATO ANDINOEIESTKNFO REIIAYRPTSFCLSiSEMRMWS
(NOT INCLUDING SWITCHN AND) TERMINALI COMANES FOmHsER NEEEBE.3,12





ItmIndianapols oleo 4le & Cincinnati Cincinnati, Indianapoi Cheapak LngIsan
& Western Ironton E~asten Northrn Chicago & TorrenmHaute & Cb ntc . o R. R. Co. R.2 R.Co. Ry ,CO- R.R. Co. Saint Louis ? ~ i t I

1- miles of road owned (single track) ........ 309-63 393-32 194.96 205 .14 ,6.68-335
2 Aveage miles of road onerate* .......... 347.02 48.3 244.239M 1
38 459-7900 2,914 1 10.b0971
n tock .........,............................ $ ,5,00 s 650000 $ 00,000 $ 3,000,000 2 ,9.0 0,0 3,1,5
Poeferre4~ stock ............... ... 5,35 ,0 6 .' :9 :
Total cpital stook ........... 10 7, 00 lar,500C 10 a00 ,000 3 0000 57,027.200 4.2a9~0,02, 000 1025
Funded debt iumatue ............... 4l, ooo0 12,159,200 13 ,,00 2 302, 000 158,4a65,17. ,9,00A-43
9 Total long-term. debt ....................4,186,000 1 159,20 13,56o,000 2,302,000 15558 : 56 1,0 ,1,5 66
9 Grand total capitalizationl .......... 14:8 8002,5,20 2,60,020 30200 215:05 76 ,0.0S.i~5 0,6,J
1o Railwa operatn r'evenues....q 78:3 1 .911371 25o6, 6 75 20 9 '1 70,4 ,6 146 31 69922
ii Toalminteance exenses .... ,o.2 18;1 8,2o6,98 1~ 31 29,o 679 j45 7W *5646 1,1,9
12 Rala operating expenes .... ,5,eo:2,1 .,41,6 304os 6:0 2 1 32 15996 2,7,3

17 Rila opeati i ncome I ....nI.o ........ 60 77 4,890,07 6,4,9 093 9 176i6 d 6 9 7,8,3
1 4 823 1 :7~ 0 156,869 Si '6A9

20 ineet onfune debt ..............272 o,4G 9:00108,700 7408522931929 28C
21 I~nterest on unu dddebt 1149 99.769 565 4,10 5,873921,9
Other deductions....................................... 2369 6O,~
2 Tota d edutost ................ 23967 1,9, o 3 4,5 1 745 458449154 6,6
25 NtIcmT........i........... 2,5 ,7.9 deduoti963:96 1o 8, 7,525 16o, o d 221380126
2 Dividnd appropiaions of income and surplu ..... ..0,0 300,0 3 ,08b, 503 .
27 Toa ppopriations of inome ........ 3,1&000 31185304
28: Icme balance transferred to prof it and loss 125,855 1,138,574 1,3~21527 63,996 ,7.2i6 48 d2273 38966

Ratios of Items

3 Common stock (Q to 9)......................... ... 35-9 a6.14 42.14 56.6 21.8 84.0 16.6 33.9
4 Preferred stock (4 to 9) ... .........3 9,24.3 472- .
Totalca-oital stock (5 to 9) ....................... .1: 50.6 4i4 L 2 6: 4. 33 ;9
Fudddebt mmatured (6 to 9).....................28.2 76347. 1557 Other long-term debt (7 to 9)~ ........... : 36. .2 ~
Is Total long-term debt (8 to 9 ..........28.24:; 57.6 43.41 73.5 1. 9 6.
Per cent of Railway OneratinL Revenues: (Itemj10)
11 Total maintenance expees (11 to 10 33.5 3. 282-3. 053
12 Railway oeaigexpess (~a 12 to 10 82.5 06966317.6650362
1 Railway ta accruals (13 to 10).......................4 a 4.2 5465.
Railwa operatig income (1 to 10) .......12.7 35.2 25.0 29.92.23-02:
1j Lquipmsnt an oint faciit rents (15 to 10)
16 Ntraiwyoeaigicm (16 to 10) ...... LiA6 16.1 21.9 26. .. i
Per cent of Total inome (te 18)
17 Other income (17 to 1...............................17. 3.8 7.7 3. 1916 .
19 Rent fori laed roads (1 to 18) .....................0.4 8.03 53.3..291:
20 Interest onfuded deb (20 to 59.) 8.......2 16.0 10.1 5702, ~ .
21 Interest onufunded deb (2 to 18) ..3.2 2.7 0. .2 11. 3.1
22 Total Itrs acre (2 to1).. .62610.9 1 6 16H3.213. 42.2
3Ztd .6 0.7.98 63.9 ~
25 No nom 2 to 19) 9 .............. 55.1.1109.2 56.6 36.1 ..5.
Frcent of 89.Icme2(tm5
27 Ttlapor os o in oe 27to25).... ... 45.1 ... 31.1 27.5
loe(8t 5 ...............100.0 54.9 100.0 68.9 72.5 1000 ... 100.0

V See also Great Lakj Reio fo thi sytem.
Including trackage riht.
a Deici brother reverseitem.




1NTERSATE CAIMRE UUMMESSIOl
BUREAl OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORT OF CLASS I STEAl RAILWAYS(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1925



Central Eastern Region
Penneylvania System:-Cont'd. Reading Syetem;
Pennsyl- West Jersey Atlantic Central Perkiomen Reading W Wheei
vania & Beashore City R.R. Co. of R. R. Co Reading Co Ry. Co. Ry, 0o.
R. R. Co. R. R. Co. R. R. Co. New Jersey R. R. Co.

I Miles of road owned (single track) ................ 3,034.27 341.03 161.27 390.01 38.21 19.71 57. 623.7e 479.60
2 Average miles of road operated* .............. 10,516.09 378.97 167.46 690.90 41,91 19.71 1,139.41 804.@ 11.10
3 ommon stock $499,173,400 $11,56,250 $ 2,620,l00 $27,436,8oo $ 1,500,000 $ 2,000,000 69, ,100 849426,ag8 $33. 3
Preferred stock .................................. 97,100 1,000,000 69,961,950 27. 050 e
5 Total capital stock .................... 499,173,400 11,683,350 3,620,100 27,436,800 1,500,000 2,000,000 139950 950 77 1 a
Z Funded debt unmatured ............................ 598,106.373 5,344,100 7.700,000 62,816,000 1,922,100 1,500,000 12Z,009,041 3,061 300
7 Other long-term debt ............................. .................26,801,786 ,
8 Total long-term debt ......... 598.106.,373 5,34E,100 14,501,786 62,816,000 1,922,100 1,500,000 1243 ,76 3,511061 3
9 Grand total apitalization.... ............ 1,097,279,773 17,027,450 18,121,886 90,252 00 31422,100 0,000 264,25,716 140,670,205
10 Railway operating revenues 15.3.7............ 672 55092,10 1,102,3 7, 2 1
11 Total maintenance expenses ....................... 27,036,979 4,484,847 1,481,237 19413,715 191,1 392,330 32,7,836 7,059.883 306
12 Railway operating expenses .......... ............ 527,139,3 7 10,913,320 4,14c,562 41 388,145 773,171 1,231,696 68,33,515 13,965557 ,
13 Railway tax accruals ............................. 31,700,789 1,015,114 302,305 4:540 580 ,4 20.372 49,772 7 05 1,5
14 Railway operating income ......................... 113,016,963 1,521,468 6o0559 9,134,202 5 ,4 1,060,1507,4 5,118.43 4,4220
15 Equipment and joint facility rents ............... d 12008956 16C 61 4 8 0 94 1,38040 d 2 6 d 4 1,847,149 d
16 Net railway operating income ..................... 100,108,007 l,.30,905 2. 6 7,753 632 54629
17 Other income ..................................... 37,281,490 137,176 34,275 ,8361 556
18 Total income ........................... 1,38 7 1,49,081 256,740 9,592,073 5,569 350,305 25,574, 4,856,606 4:606:903
19 Rent for leased road ............................ ,385,9 9 28,470 2,312238 2,829, .130
20 Interest on funded debt .......................... 28,261,040 215,909 362,833 3,079,289 96,105 75,000 5.085,743 29 07 1,278,881
21 Interest on unfunded debt ........................ 742,411 2,568 11,339 7,148 8 2 42,022
22 Total interest acorued.................. .29,00z,451 218,477 374,172 3,086,437 96,113 75,002 5.127, 743 2,301
24 Other deductions ..................................1,624,915 20,456 17,800 597,280 2,062 3,009 458,148 6851 18,986
Total deductions ....................... 5,014,315 267,403 391,972 5,995.955 98,5 78,011 8,415,334 3,077,7 1,320.624
25 Net income...................................... 62375,182 '230,678 d 135.232 3.596,118 442,394 272,294 17,159,
26 Dividend appropriations of income and surplus .. 29,950,404 ... 3,292,16 405,000 ... 8,397, 62 ... ...
27 Total appropriations of income ................... 36,482,197 ... 23,456 4,136,535 45 497 171,612
28 Income balance transferred to profit and loss .... 25,892,985 1,2 0,678 4 135.232 3,596,118 418,938 272,294 13,023,08 1,733:562 3,114,667

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) .......................... 45.5 68.0 14.5 30.4 43.8 57.1 26.5 35 1 37.3
Preferred stock (4 to 9) ....................... 0.6 5.5 ... ... 2.5:7 24.7
Total capital stock (5 to 9) ................... 68.6 20.0 30.4 4358 7.1 53-0 8 62.0
Funded debt unmatured (6 o). .5 31.4 42*5 69.6 .8 42.930
7 Other long-term.debt (7 to 9................... 37.5 ..1
8 Total long-term debt (8 to 9 .................. 54. 31.4 0.0 69.6 56.2 42.9
Per cent of Railway Operating Revenues: (Item 10) 47.0
11 Total maintenance expenses (11 to 10) 36.8 33.3 29.4 33.4 13.6 15.7 35.5 35.5 36.1
12 Railway operating expenses (12 to lC) 78.4 81.1 82.1 75.1 55.1 49.3 .0 70.3 70.6
1 Railway tax accruals (13 to 10) ................ 4.7 7.6 6.0 8.2 5.7 8.2 3-9 7.7
1 Railway operating income (14 to 10) ............ 16.s 11.3 11.9 16.6 39.2 42.5 20.2 25.8 21.7
15 Equipment and joint facility rents (15 to 10) ... ... ... 2.0
16 .Net railway operating income (16 to 10) ........ 14.9 10.1 4.4 14.1 34.7 12.6 22.2 23.8 21.4
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ...................... 27.1 9.2 13.4 19.2 9.9 10.2 20.4 2.7 5.3
19 Rent for leased road (19 to 18) ............... 32. 19 1. .1 111 1.3 ...
20 Interest on funded debt (20 to 18) ............. 20.6 l4 141,3 32.1 17.8 21.49.8 60.5 27.8
21 Interest on unfunded debt (21 to 18) ........... 0.5 0.2 4.4 0.1 0.2 0.1 0.5
22 Total interest accrued (22 to 18) ............. 21.1 14.6 145.7 32.2 17.8 21.4 20.0 60.6 2.
Other sections (23 to 18)..................... 1.2 1.4 6.9 6.2 0.4 0.9 1.8 1.4 0.4
4 total ded ions (2 to 18).................... 54.6 17*9 152.6 62.5 18.2 22.3 32.9 63.4 28.7
25 'et .income (25 to 18) ........................... 82.1 ... 37.5 81.8 77-7 67.1 36.6 71.3
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ....- 58.5 ... ... ... 5.3 .. 24.1 2.6 5.2
88 Income balance transferred to profit and
lose (2s to 25) .............................. 41.5 100.0 100.0 94.7 ICO.0 75.9 97.4 94.6

Data not available.
Including trackage rights.
d Deficit or other reverse item.






2660 BURlEAUi OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY RA (NOT AND TERMINAL COMPANIES) FOR T A E


Pocahontas Region SouthenRgo
Cheapee & Ataic, tlnicCondLneSstm
Item OhioSs, I/ Norfolk & Fredericks-. Virginiani Birmiga Atlanta & Atlatc Crlso
Chespeae & Western burg & Ry. Co & Atatc Ws on os in etr lioftl
Ohi Ry o.Ptoa
R. R. C R..o

1 mil. of road owned (single track) ............... 2205- 4.4 637.06 90.86
2 Average miles of road operated* ........... ...... 261495 224. 117.62 5145.16 639-86 931836
Cohe to k db........................ ........ ..... .. *** 500 $ 04
Pre rd sto a at n .............. ...... 16,1005,700 29 ,2000 2 0 0 2 7,5 ,000


10 Railwa 1eratig vn 21 10 140 ..18...1 59,8219 30,06, 2,463,000 6
11 Total cntnance expenses . .............. 31, 0 00 682,90 0
12 de det e ens .......................... 23 5 ope g e s,91, 019 7,7,13 0 ,155,01 1 11, 719, 44:82 3
Othe Izw n-t em debt ...................... .... ...629 ...0 O ... 6 X ..2 ..6 5.4


SToa l debt 0 000............ 24879,7,00 9,, 7...
n e G n t a ci .2.....................,99 5, 50 39 ,407 600 22 3 7 700
10 qipmwa t operatint fae iitnu e nt 12,627,677 28,991 1281,7 1 662,17 5. 18390 ga 93.762 4 189

1 ilwaye i n ................op..in. 8 0,1 7 90, 85 1 5 06 4 25
6 22 9W 9o



*1 iltar an crnunde ............................. 776,22 99,41,0
D3 te deduotio ofccruoe d 279u3 85,] 1, 1501 3,069,8190 304 04 6
21oa Tawayotaeton nome ..........................31,35 586,23 57,9 5,2017 251,285
1 N o rai dappopratio ns ofe .......... su.plu.. 3,51 18 1,506556 3 ,5o,590
27 Otal appo r i tio. I t .in.o. ..................... 14470 919,779 2 0 770 85 1
8so Icebaae roasre topoi1ad8s 0,280 2,105,06 2,699,82173,859,77741
Ig Rent for RI. t io30 of.r It70 69ems97ii,






0 itoe esto fn3 db to ..... ................. o .7 91,62 .52 2 629.770. 0.0
21 Itrerrstock e t 9........................... .3,22 821 42 .,6
2 To Tolc tal intrestoc t ........................25 5 73 6 3, 6 3 :O 10030
2 uned debtuntd 6 to2e .... .. 1 ........4Z. 40..7.5 7 35.14 53.0
2 Total o term..5 deb 8 t. 3 5 52 05 444 7 06 ,1 2..300,8
5 Ot iner om er ...debt.7.to )... ................... 4 362. ..
11 v ed aproriaion of inco and ... ..... T l mc e 31 t4.521 30.0 88 6 5 7
27 Toa aprpitons= ofin o ...:.............. 12,2o 91,7 200,00 --- $3 9 Z31,
lj Raiway opRatioepss (12 I toem7.26s 2.9.




1 sto c r 3 to ...10.................. ......45. 62.1 6.8 1. .




l'o an oitaciy rentse (15 to 10)2.12.
refrt stoc (4 to )..... ............... ... 9. .- .1 0.2.2 ... 0.
1 other cit l (17to (5 ................................. 142.7 27 56.8 16.3 857.9 114.5 :
F0Itreo unded debt urd( to 18)37.7 6.6 545. 15 938. .
7 terestn-tm nuddebt to 18 03.21:385,05 100.
8 Total iongtret (6rd 2 to 1)....................... 50 16.0 10.6 39.8 323.8 3. 0.
11 Totael dae ce expn3 e to 1 to.........................0.5 34.9 24.1 26.0 11386 .2293 .
12 alwa pertinexpne (212 to 10)..... .................3.161.0 6.7 50.03.4 0237.1 Z9.1 1 9.
1 l yt a accrual (135 to 10...... ..................... 5. 82 83.3 50.0 69.o 7.0 .29Per cent ofeTta income: (Item 1)
inom (27e inom 25) 4. 2.5 6.9 1.3. 95.945.187..

22Ttliees accue t22 to........................ .93.1016.s 90.1 100.0 3,1.8 100.04



Ree enl decifior thi6 3y3tem
For eeini of Ntt Income: (Item.5

Icuigtrakg rigt.




INTERSTATE COMMERCE CMISO
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY TS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED


Southern Region
Atlantic Coast Line system: Continued Columbus & F Gr & Gulf,
Item Georgia Louisville & Louisille, ashville Western Greenville Lt CasFlorida Mobile
R.R.,Lesse Nashville Hlenderson & Chattanooga ] of Co 1 C. R Nothr
rgRa e Nashill Saint Louis '& Saint Alabama R. Co. R.0.
.Ognia R. R. Co. ELj. Lou R A
I miles of road owned (single track) ".... 497.10 191 04 856.90 130.12 178.96 744
2 Average miles of rooa operated.................. .328.90 5.041.97 199.36 1,259.04 133.42 1 67.70 7 0 4 1
SComimon stock......................................... $117,000,000 $ 2,000,000 $16,000,000 S 3,000.000 $ 100,000 $3i7,500,00,d $ 5 217,0 I 9.0
Preferred stock ...". 2.000,000 ... ... 31
Total capital took 117,000,000 4,000,000 160000 650,00 0
6Funded debt unmatuired .............................. 2,215,621 243,756,335 3,200,000 18,455,000 1,543,000 45,000 18800.000 21,o4oooo
7 Other long-term debt .............................. 3 ,642,442 ..
STotal long-term debt........................5,858,063 243,756,335 3, 20000 18,455.000 1,543,000 45,000 800,
9 Gan toalcaitaiztin ............ 5,a~63 360,756,335 7,200,000 34,455,000 4,543,000 145,00 CO 6,00,00 19000 o7,0
10 Railway operating revenues ........................6,112, 664 42243 7 3,3,98 2,005 3.932 1 7."0 91273 -U 94 63103
11 Toal maintenance expeniet a1 i2atio......9.......................... .1 4 1,7 ,b8, 8 2,000,050 92,32 1, 3
12 Railway operating expenses 43....................2.. 02:,5 2.7171 19,112,0596 ,611, 3:,06, 6 ] 9-67,18
13 Railway tax accruals ............................. 5,002 7,09,63 235 718 759516 211:269 38,808 1,
14 Railway operating income...................... .............26760 119 88~ 526 4,050,842 868,493 232,089 77,34 7:8 ,9,4
15 Equipment and joint facility rents ............... 9 17,500 d d
16 Net railway operating income ........................1,037,822 26,939,619 (4 [b) 3 59297.1 ,3 4 6
17 Other Income ..................................... .22 ,2 3,219,50 31603 981 12,47 36
1s Total income ..........................1, 060,224 301156,1A4 775,372 4.344,412 921,116 88.059 5,976,472 277,072 1,53,03
19 Rent for leased roads ............................. .....04,248 194,903 ... 806,506 3,5
20 Interest on funded debt ........................... .119,296 11,155,4 160,000 929,216 92,580 2,700
21 interest on unfunded debt. ....................... .3240 17.695 79 ,.37 233 201 3 71269, : 40
22 Total interest accrued................. 122,536 11,173,38 160,079 4,63 92,813 ,
2 Other deduct ions ......................................8,3 88,672 9,280 6230 281 34f
24e~ dedeton icm.... .............................. 617......11,457.413 169,359 1,815,370 93,094 2,935 2 1 6,102 85 3,8
25Nt Tnome deducio................. 0.0 16,700,711 606.013. 2,529,042 828,022 85.12 ,:8 .7 0 ,9.5
26 Dividend appropriations of income and surplu ..... 7,020,000 180,000 1,120,000 240,000 ... ... ....78,
27 Total appropriations of income .......................... 132,3QU 180,000 ......
28 Income balance transferred to profit and los .... 304,607 18,56 8,48 426,013 2,529,0.2 828,022 85,124 3,840,370 .d 1

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) ........................ ... 32.4 27.8 46.4 66.0 69.0 43 27.6 41-7
?~Preferred stock (4 to 9) .......................... 27.8 16.4 4. .. ,.
5 Total capital stock (5 t@9)................... . 3 6."4 66 69.0 43 :::46.:::
uFunded debt matured (6 9 .7.66 34.0 31.0 565 435 15.1
Other long-term debt (7 to 9)................62.2 13.5
8 Total long-term debt (8 to 9)..........
Fer cent of Railway operating Revenues: (Item100.0
11 ~Total maintenance expenses (11 to 10 31.5 36.9 33.1 36.3 29.2 40,0 29.1 2452
12 Railway operating expenses (12 to 10 80.7 76.2 70.8 79.9 68.1 84.4 68.4 70 68:
11 Railway tax accruals (13 to 10) .. ..... 2.2 5.0 .1 3.2 6.2 2.2 "a
1 Railway operating Income (14 to 10) .......17.1 1s.$ 23.1 16.9 25.6 13.4 2. 492
15 Equipment and joint facility rents (15 to 10) .. 0.1 ...
16 Not railway operating income (16 to 10)...............17.0 18.9 19.464 24.3 4.4 14,1 146 6:6
Per cent of Total Income: (Item 18)
17 Other income (17 tO 18) ........................ 2.1 10.7 4.1 9.4 10.7 13.9 10.7 4.1 9.6
Rent for leasediroads (19 to 18)................ .....57.0 1.6 ... .. 1
20 Interest on funded debt (20 to 18) ........ 11.3 37.0 2096 21.4 10.1 3.1 0,6 2
21 Interest on unfunded debt (21 to 1) ........... 0. 0.1 ... o.4 ... 0.2 0.19.0
22 Total interest accrued (22 to 18) .............. 11. 37.1 2o,6 21.6 10.1 3.3 37o 12.9
2 Other deductions 2 to 1.....................2.7 0.3 1.2 1.4 2.1 ... 0
Total deductions( to 1 ..................... 71.3 38.0 21.8 4*1.8 10.1 3.3 3Z:8 319.
25 et icome (25 to 19) ... ......... ..... 28.7 62.o 78.2 58.2 89.9 96.7
Per cent of Net Income: (Item 25) 1 ..
27 Total appropriations of income (27 to 25) ......... 0.7 29. .. .......
28 Incomebalan ce transferred to profit and
lose (28 to 25) ..................I 100.0 99.3 70-3 10J.0 100.0 100'.0 100.0 ... 100.0


d Deficit or other reverse item.







STATEMENT OF OAPITALIZATION AND INOME ITEMS TAKEN FROM PRELIMINARY R T OFC
(NOT INCLUDING SWITCHINGI AND TERMINAL OMPANIES) FOR THE YA NE EEBR3,12


Southern Region
II nois Central Sstem.,sub
ItmCentral of Gulf & Ship Illinois CentralI Gr Nrh- suten i Lt
Geri sad Cnrl Mississippi ~ '5bIth
R.1 o .RC. Valley R. R.~ Co. er R.R. Co. R. R. Co. 0.gra
Ry U. ._._ o. R.R.Co R. R. Co. 0br
1Iiles of road owned (single track) ...... i,494~.S6 307.00 2,258.7 1,278.14618.92437026,7
2 Average miles of road operated* .......... 1,917.07 307.56 4,974:95 1,380.161
Common stock ................... $20,000,000 $ 7,013.100 $124921, 32 $21,553,300 $ 3,9410,000 S75O00 $60000 $709lo $7800
Preferred stock .. .. .................... ..... 2 L9o,23 9 '4 3... ..
5Total capital stock .......................20,000,000 7 013,100 15 1U79 21 Z5,300 3,9410,000 7:500:000 16000 6,Z120,5
Funded debt unmatured ............................ 58,034,503 71,000 2,,1 ,000 37359,100 ,8,0.
Other long-term debt .............................750000 ... 2 ,9 ...
STotal long-term debt ........... ........57.503 278,0 326,6o,358 4, ,3,0
10 n tailw ople ra ....................... 7 :76100 40,720,10 66199,204 7,299,100 15640c2 2 2
0 Rlway operating eines ..........................30,2293 768,812 153503,18, 2,666,410 l,655,520 2,90504491 1, 6
11 Total maintenance pense ........................ 9:5 5 1,37J,94 57,0085R 8,005,015 492,1692 2.03
12 Railway operating expenses. ....................... ..22,737,452 2,83, 922,002 2 18 is06 144
14Riwy a crul ................ 1,33,,921 320,230 10 907,474 1,822,4177 131985 213, W'I 531,49 2 1,7
1 Rlh eratn In.come.......................... 61642 563,45 24:657,009 5,361,794 4C02,94 700,3 1,913
15 quipmnt and joint facility rents ............... 05,113,8 632 ....
16*triwyoperating income .............74 r 6 ,93014
17 Other income ..................................................... 983908241 1 2999 4 o 12 637 62,05 -0,9 T.
18 Total Income ............................... 51,3 3,51,9 4,9 06411 60, lQ
Rnfoleased roads ..................................272 ... 1,750,921 19,325 1,00 l712 4,101'5
20Interest on funded debt .............................2,94 138,845 13,585,2141 2,881,Ok 175,53 412,099 857 380 Tq ,4 6,2
21 Interest on unfunded debt ..............................8 1,700 1,619 9 6716
25 Ttta interest accrued .................. 2, i 10,5 56 : 9 302 55 18 2
2 2 o t l n t e e s a c r e d, 5 5 95 *1 1 3 3 9 ,8 3 3 2 8 2 9 9 9 1 2 2 5 0 1 2 1 163
2 Other deductions .. ... ....................... ... ,499 ... 10 11,796 2
SNeincome ....................................... .,105,1 9 17,551,742 2 ,121 291,361
26 Dividend appropriations of Income Ld surplus 1,200,000 10,0741278 2,043,121.
27 Total appropriations of income...................... 1577 2 ,0413,121 io41166 -8'2
5513.,37719514 700 54,778
28 Income balance transferred to profit and. lose 3,105,1161 17,551,7412 ... 18,5 614 511,1 4 2, "82,1

Ratios of Items

Per cent of Grand Total Capitaliation: (Item 9)
Common stock(3 to 9) ... ............... 5. 71.8 26.0 32.6 54.0 484.0 19.013
Preferred stock ( 1 to 9)....................... 6.1 ......
Total aoital stock (5 to 9).........................2.11 7.8 32.1 2.6 00 14.. 26 7. :
Funded debt unmatured (6 to 9) ................. 67. .16. 52,0 51.0
7 Other long-term debt (7 to 9) ............ .0.9... .... .
8 Total long-term debt (9 .................. 8.2 67 67.L6 52
Per Oent of Railway Operating Revenues: (It m 10)
11 Total maintenance expense 11 to 10) 32.6 36.11 37.1 32.5 29. 3. 752:
12 Railway operating expenses R12 to 10 71.2 76.5 7. 76.8 -67. sz714 Rlwytxacul 1 oi)................ .5+ 9".5 7. .0 5 .86.

1 Ri*ay operating income (14 to 10) .......20.3 111.9 16.1 21.7 241.3 .12.20865
Raa zacul (13 to .5 7.1 2:) .1=,
15 Xquipment and ioint facility rents (15 to 10) ... 0.3.2....11.2
16 Not railway operating income (16 to 10) ........ 751. 195*. 28.5 20.32,
Per cent of Total Income: (item 18)
7 Other income (17 to 18) ...... .. ...... 16.5 .25.0 2.o.
Rent for ...............oa,(1.o...7 5.2 2:.02.0. 0
20 Interest on funded debt (20 to 18) 113.2 77.2 11.5 58.2 36.8.3 54 16.
h Interest on unfunded debt (21 to 1) ........... 2.6 0.5 0.1 1.41 0.2 0.4 1 ..,
Total interest accrued 22 to 18) 7.............. 11.
Other deductions (23 to 8 )..................... .3 5.8 1. ... o.4 011. 1.2 .5 0.2
2 Total deductions (11 to is .......... : 56 8.7997276. 6- .
25 We ncm (25 to 116) ..............64. 527:4 87 712273 32.6 179.
Percet of Het income: (Item 25)
27 Total appropriations of income (87 to 25) ..... 607.8 ... 100.9 35.8 0.1 2~ 6.2
28 Income balance transferred to profit and
loss (28 to 25)................................ 100.0 100.0 641.2 100.0 99. 10.0 ~ 73-0

Incluin trakhe rights.
Dfctor othe reee item.







STATEMENT OF CAPITALIZATION AND INCOME IEMS (NOT INCLUDING SWITCH-ING AND TERMINAL COMPANIES) FOR YEAR


Southern Region
Item New crleans Georgia Mobile New Orlean oernTn s
& Texa Southern & & Ohio & North- olaa
Tas Florida R. jR. Co eastern Ry. Co. R.o y o ikbr

I 1Miles of road owned ( single track) .......1.........1 922.45 1 117 5 4 3582 294... 141.44
2 Average miles of roadL operated' .......... 3 7 101.71 1,161.33 207.7z4 11U.50 6,939 9-5ijk
Common stock................................2,g90000 $ 2,000,000 $ 6,016,800 6,oooooo s 1,943,300
SPreferred sto ................................. .2,3400 1,768,000 6502000
STotal capital took .................... 5,53:11) 3,76 6000 1,i 4,o,,300 85,65 ,0 3 2
6 Funded debt unmatured............................... 3 98000 7568,671 33,202,000 8,554,000 1,650000 292,095,50
7 Other long-term debt .............................. ... i............... 50
a Total long-term debt ..................... 3,45,000 7,568.67 33,202,000 ,94. 0 2.134, 950
SGrand total capitalization ....................... .... o 11,336,671 39,218,800 114,584, 0 4,072,70 .00 0
10 Railway operating revenues ......................... 23,433,243 6,749,302 19,255,o64 6.122,25 10461
11 Total maintenance expenses......................... 6, 6,6
12 Railway operating expenses ....................... 14,574,266 4, 3 13,882, 3 43,125 37 1
1 Railway tax accruals .............................. 1,340,594 372613 1,152, 20
1i Railway operating income ...............................) 20 4,214,746 1, 66,ol0
15a E oime a j in c e ........................................2.89+3++
1 r.ay in aic r....................... .. ,651 1 4 291,7 7B 8
17other income ................................................................176514.8557 552,91.37783
s Total income............................ 8177,091 1,451,282 3,10570 1,605,97 .630 4
19 Rent for leased roads............................ .143,461 .. 2 0
20 Interest on funded debt......................... '3 4i,'4 1 5 3 174 1
21 Interest on unfunded debt ............................. 909 083,I5 ,53,90 2: 61s 94 1Q14 l1 96 ,156
22 Total Interest accrued .........................13916052,061163 11 60 1,573 l'7515 6
23 Other deductions...................................................... ; 12:27 2 5 2M9
2 Total deductions .................... 1,622, 9
25 Net income 6........5 103.... ............... Q 2:187,623 1,206,230 22,551 1
26 Divdd propriations f income and surplus .... 51370 88 O 601,680 54Qcoo ... 9,826,068 ...
27 Total appropriations of income ................... 941,163 88,400 601,680 54o,..
28 Income balance transferred to profit and lose 5,570,852 915,380 1,585,943 666,2N 193,336 19,

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9)............................. 33.6 17.6 15.3 41.1 47.6 2- 006.
Preferred stock (4to 9) ............. .......... .276 15.6 ...1... I5 Total capital stock (5 to 5) ................... 61.2 .33.2 15.3 141. 394066
8 Funded debt matured (6 to )................. 31S. 66.8 887 5 .5 611 0.
7 Other long-term debt (7 to 9................. ... **. 11.
8 Total long-term deb 5to..................... ...38.66. 514.7 5i.9 521' 614i 5663~
Per cant of Railway operating Revenues: (Item 10) 11 Total maintenance expenses (11 to 10 29.1 23 31.6 27.3 20.9
1 Ralaoprtnexess(12 to 10 :...... 62.2 65 .1 72.1 61.1 54.9 N5217.
13 ilAway tax accruals (13 to 10) .............. 5.7 5.5 6.0 10.7 4.9
1 Railway operating income (114 to 10) .32.1 9.0 21.9 28.1 40.2 24
S Equipment end 3o$nt facility rene (15 to 10) 2...0
1 Net railway operating income (16 to 10) 337........ l 29.6
Per 0 et of Total Income: (Item 18) 3 0l:"6 i'
17 Other income (17 to 1) ............................ 3.6 14.4 .7 1.9 1
19 Rent for leased moads (19 to 19) .................. .17.6 ... :
20 Interest on fuand-id debt (20 to 18) ....... .3 28.5 42.2 214.534 3117404.6.
21 Interest on unfunded debt (21. to 18) ......012,1 0.1 0.2 11.01
22 ota interest accned (22 to 18) .....3..6 2. 42.3 .4 42 1

24+ ~ e ot 30.i6 83.7rid35I
her~ deductions 28 to 18) ........... o.4 0.2 0>,3 0.205o.02N
2 Toal dduction:j1 to 18 *ej ............ 20.14 30.8 42.6249394 .Z6517
25 Net incme (25 to19) ...................... 79.6 69.2 57.14751615.23533
27 Total a~proprlations of income (27 to 25)......... ....14.14 8.8 27.5 44.8 ... 14-3 .. .
88 Income balance trasferred to prof it and
lose ((2 to 25) ............................... 85.6 91-2 72.5 55.2 100.0 85-7 1000 00. 0

O. also Southwestern Region for this system.




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME INEM8 TAKEN FROM PRELIMINARY REPORTS OF CLA S STEAM RALWA
(NOT INCLUDING SWI TIOHRING ANI) TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1925.



Northwestern Region
Canadian Chicago & North Western Sys.
Nat'l. Rys. Canadian Pacific System 2V n o .i.
Sy. (Chicag0 1 Chicago Chicago.
item e-1 Duluthbuuh. ineaosi Sokn Chicago & SitPt1 Great Milwaukee
W i South Shore -Saint Paul & Inter- North Wet- Minneapol We s rn Saint Paul
i& Pacf ', & Atlantic Sault Sainte national ern Ry. Co. & Omaha R. R. Co. Ry. Co.
Ry. Co. Ry. Co Marie Ry. Co. Ry. Co. Ry. Co.
1 Miles of road owned (single track) ............... 81.25 585.96 3,275.88 141-3.7 8,395.33 1,676.81 1,034.90 10,197.10
2 Average miles of road operated* ................... 169.00 590.90 4,401.57 165.69 8,467.56 1,8 .19 1,496.06 11 204.99
Common stock ...................................... 56,000,0CO $12,000,000 $25,206,800 $4,200,000 $1L5.152,500 $18,556,700 s45,210 513 $117,66000
SPreferred stock ................................. ... 10,000,000 12,603,400 ... 22,35 ,000 11,259,300 4.9 02 115845,00
5 Total capital stock .................... 6,000,000 22,000,000 37,810,200 4,200,000 167,5 ,500 29,810 149
6 Funded debt unmatured ............................ 7,004,997 20,4 75,500 115,778,100 4,200,000 262, 433,000 [ 6,444,o000 0,11t6077 4,83,6
7 Other long-term debt ............................. 4,552,370 97,846 1,295,0-Q 150,000 ... 89,034 ...
8 Total long-term debt, ....... ....... 11,557,367 20,57,3346 117,073,100 4,350,000 262,433,000 46,444,000 4o25,111 4o,32,6
9 Grand total capitalization ....................... 17,557,367 42,573,346 Z154,883,300 8,550,000 429,980,500 76,260,000 3254426 63484,4
10 Railway operating revenues ....................... ,251,63 5,808,935 49,670,264 1,254,965 148,538,269 26850133 24
11 Total maintenance expenses ................. ...... 873,373 1,980,138 15,297,803 297,971 51,601,529 8 585,809 ,29257 61821,
12 Railway operating expenses ....................... 1,887,199 4,611,035 36,075,537 835,834 115,626,056 21, 480,708 19,812,718 130:449,
13 Railway tax accruals ............................. 111,498 336,661 3,264,5 45 64 352 10,004,224 1, 553:, o04 1 000 262 8,98,
14 Railway operating income ......................... 252.450 861,105 10,322,495 354,666 22,861,117 3,798,092 3.685,931 as, 6,163
15 Equipment and joint facility rents .............1.. 16,09) d 242411 d 1 4 9 84 d 2 6 1,
16 Net railway operating income ...................... 2.4 bl8,94 ,82 2, ,9,,
17 Other income ..................................... 5,530 152,328 9 626 5,74 2, 16, 8s 8,4 1,2963
s18 Total income .......................... 274,073 771,022 9,425,856 261,625 23, 4,996 3409: 9 2 757 1819952
19 Rent for leased roads ............. ............... 2.445,92 27,200 99 45,021 1 36
20 Interest on fi4nded debt ............ I ............. 280,200 886,021 4,959,8 4 210,Q9 12,425.298 2,554,641 1,709,840 19
21 Interest on unfunded debt ........................ 648 377 122,0 617 22,871 3,062 19,483 1,
22 Total interest accrued ................. .280,848 886,398 5,081,897 210,617 12,448.169 2,557,703 1,729,323 20.713.19
23 Other deductions ................................. 1..68 3,336 112,537 3,529 182,351 39,081 43.493 6 3
24 Total deductions ....................... 281,016 889,734 7,640,57 241,346 12,640,418 2,596,784 1,817.837 22,0 96
25 Net income ...................................... d 6,943 d 118,712 1,788,499 20,279 10,784,578 813,165 62,920 4 8
26 Dividend appropriations of income and surplus ..... .... 7,373,750 562,965 .
27 Total appropriations of income ................... ..... 2 8 7,373,750 562,965 67.5
28 Income balance transferred to profit and los .... .1 6,9a d 118.712 1,764,111 20,279 3,410,828 250,200 628,920 4 3934611

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
SCommon took (3 to 9) ........................... 34.2 28.2 16.3 49.1 33.8 243 34.1 18.5
Preferred stock (4 to 9) ......................... 23.5 8.1 52- 14.8 35-5 18.~
5 Total capital stock (5 to 9) ..................... 342 .7 24.4 49.1 39.-0 391 69 6
6 Funded debt unmatured (6 to ) .................... 39.9 .1 74.8 49.1 .61.0 03.3 63
7 Other long-term debt 7 to 9 .................... 25.9 0.2 0.8 1.8 ...... 0.1 ...
8 Total long-term debt (8 to 9 .................... 65.8 48.3 75.6 50.9 61.0 60.9 30.*4 6.2
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .... 38.8 34.1 30. 23.8 34.7 32.0 33 3812 Railway operating expenses (12 to 10) 83.8 79.4 72.6 66.6 77.8 80.0 0.9 80.5
1 Railway tax accruals (13 to 10).................. 50 6.6 5.1 .8 4.1 55
1 Railway operating income (14 to 10) .............. 11.2 20. 154 .1 150 139
1 Equipment and joint facility rents (15 to 10) .... 0.7
1 Net railway operating income (16 to 10) ........... 11.9 1 18 2011 2 1. 8.5 14
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) .......................... 2.0 20.0 5.0 2.2 9.9 5*5 14.7 7.1
19 Rent for leased roads (19 to 18) .................... 2 10.4 Q.1 1.8 58
20 Interest on funded debt (20 to 18) ...........6.... 102.2 114.9 80. 9
21 Interest on unfunded debt (21 to 18) ............. .3 0.1 1.3 0.2 0.1 0.1 0.8 70
22 Total interest accrued (22 tO 18) ................ 102 150 3.9 905 531 75 0 707 114.o
102.5.....115ll.0 53.9 80,5 53.1 75o.
2 Other deductions (23 to 18) ...................... 0.1 0. 1.2 1.3 0.8 1.2 1.8 1.5
2 Total deductions (24 to 18) ...................... 102.6 115.4 81.0 92.2 54.0 76.2 74-3 121.3
25 Not income (25 to 18) ............................ ... 19.0 7.8 46.0 23.8 25.7 ...
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ ... 1.4 ... 68.4 69.2 ... ...
28 Income balance transferred to profit and
lose (28 to 25) ...................................... 98.6 100.0 31.6 30.8 100.0 ...

Se ae also New Englad and Great Lakes Regions for this system.
See also New England Region for this system.
Including trackage rights.
d Deficit or other reverse item.





INTERSTATECOMRECMISN
BUREAU OFST ITC,
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIF IS
(NOT INCLUDING SWITCHING AND TERMINAL OOMPANIE$) FOR THE YEARM


Northwestern Region

temDuluth & Duuh Great Green Bay Laemnepls NrhnSoke, Pcfcvs2
Iron Range Misse & Northern & Wester Superior & & o Saint
Northern o Co. R. Rm. St Ws
Q) ~ Ry. Co. R. 0R. Co Co. Co. R.. 0..

1 miles of road owned (single track) ...... 268.15 266.416 7, Z7.26 238.31 160 59 1:3.46 43749.32 .2
Average miles of road operated* .................. 276.1 306.51 8,2 2.09 234.15 160.59 1, 793 Common stock ..................................... 6,500,000 $ 4,112,500 s 2, o,000 $ 1,428,00 $25,792, oo ,600 $0000 0
Preferred stock ................................. s4....16, / ,60000
re tal caritl eod ................... 6.5 2 655 170,000 92600 4C 00
Funded debt unmatured ........... 8,151,000 7,,000 7 0 ... 1,18,5
7,0100oo8,665.oo ~ ,0o,00
Other long-term debt .............................. ...16. .5 150l ... 2.. 071 0a
Total long-term debt ................... 8,151,000 7,71,000 320,716,681 ... 8
9 Grand total capitalization ...........................1651000 1,13500 569,633231 10,100,000 2, 500 7 571,226 68818,0000
10 Railway operating revenues ....................... 6,813,65 18,0514,509 114,9241960 1,57,446
12 Railway operating expenses ...................... 1C 9 8,220,970 7 ,927,2 1,14 675 1,3, 0 13,220,166 ,47
11 Raway tax acrua s ....ce...................... 52.. 7 l,1O1,67,686 91,946 5o0009
Railway operating income ....................... ...1,570 2 763
Rala tx oras....................2,0 8,6187,9578 9,92. 332 97606 8 1,090,215 19,519,809 ,9.8) 33
15 Equipment and joint facility rent s.................... ,137 6 311 d 0
16 Net railway operating income ........................ 1 1 264,693 6 363a6 2 7,319 I.M.-7l3
17 Other income .....................................13 11,07,06 2
18 Total income ........................... 2,022,699 8,891,197 39:7o,431 347,122 676,305 511,593 33,30,8312
19 Rent for leased roads ............................. ... ..... .203,313 119,727 ... 25 51,321 432 .
20 Interest on funded debt .......................... 7,550 396,797 17,591,927 000 58,660 2,05516o 11,7831 29
21 Interest on unfunded debt .........................58 I55-0 1,7 62 131442 1 R 1544 9.4554
22 Total interest accrued ....................40, 68 396A8 17,71 1 1 6745,72 230.17110532 301:6 ,69,8
2 Other deductions................................. . ,523 1,074,1541 4l' 6 714 51,452 2,17 295 15,0 ,78
STotal deductions ......................... 1,17168 60,1741 2,4116,803 13 9 33,1 91 66
25 Net income .....................................................7,216,882 21,1135, 36 279:964 616,131 d 1,905,210 17,9441,287 d1.3,9 .8.1
26 Dividend appropriations of income and surplus .... 975,000 3,290,000 121,691 1 125,000 285,600 12 12,4 000..
27 Total appropriations of income...................... 187,678 1,390,756 12,375, 436 150,>000 285.600....
28 Income balance transferred to profit and lose .... 1,122,890 5,826,126 9,059,960 12996 330,531 d 1, 17,9 ,287

Ratios of Items

Per cent of Grand Total Capitalization. (I.tem 9)
I Common stock (3 to 9) .................. ......... .. ..4 31. ... 21.8 57.4 35.1 43.6 34.2 27
S Preferred stock (4 to 9). .................... 11. 43.7 75.2 ..
S Total capital stock (5 to 9) ................. .4 34& 37 100.0 3i 4 .6 34i
Funded debt unmaturd (6 to 9) ................. 55.6 65.2 56.0 ... 2:6 62 N 6 51-9
8 Other long-term debt (8 to 9).................. .. .56 6.2 56.3
7 o Oter long-term debt (7 to 9 ....................... ... o,.3 ... 64.9 5:k
Per cent of Railway Operating Revenues: (Item 10)
11 Totalamaintenance expenses (11 to 10) .....36.0 2.2 27. 317
12 Railway operating expenses (12 to 10 .....69.2 115.5 66.0 7- 119- 156s.
13 Railway tax accruals (13 to 10................ .. 77 9.1 8 6. 2 5.0 9,6 IN .
11 Railway operating income (14 to 10) .......23.1 45.4 5- 21.1 10.2 5.0 892421.
lZ quipment ana joint facility rents (15 to 10). 0.53.
1 Nt railway operating Income (16 to 10) ...23.6 1150 116 6. 27.:2 2,112.72:
Per cent of Total Income: (Item 18)
17 Other income (17 to 18)..................................20.5 8.6 29A8 23.7 9.11
19 Rent for leased roads (19 to 18) ......... 23 0.3..0122
20 Initerest on funded debt (20 to 18) .......20.*2 U11.1714i* 4:4195 3:
21 Int rest..n unfunded debt (21 to 18) ....... 0: 18.7 8..7 251. 011.7 1.03
22 Total interest accrued (22 to 18) ........20. 11.1 4471-4 5 3.
2 Other deductions (2 to 18)...........................0.2 12.1 1.0 0.1 0.245o09273.
24 To tel deductions (R to 18.).........................20.11 18.8 6. 19.3 8.7 42.4 461 164 4.
25 NIet income (25 to 18) ...............................79-6 81.2 511.0 80.7 91.1 ..5- .
Per cent of Net Income: (Item 25)
27 Total a>proriations of income (27 to 25) ...... 1,7 19.3 57.7 53.6 246.11. .... .
28 Icom baance transferred to profit end
loss (28 to 25) .......................... 89.3 80.7 412.3 416.4 53.6 ... 100... ...
1 Represents debentue stock.
See also Central Western Region> for this system.
d Deficit or other reyerse item.




24 INTERSTATE COMMERCE ION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) POR THE YEAR ENDED DEC B 31, 192


Central Western Regi n
Atchison Bu. .... Route
system Bingham & ......
S ktchison Garfield C quinc. Colorao & Fort Worth Altn .R
Topeka & Ry. Co.. Burlington Omaha & Soutrn & D Co.
Santa Fe & uincy Kansas Oity R. o Ct .00.
Ry. Co. 1/ IR. R,_. Co. Co.
1 uiles of road owned (single track)............... ....e.08 32.65 e,99o4.544 4 91.8 .44.1 691. 14
2 Average miles of road operated* ................... 11, 695 29 8
3 Common stock. ....................................... 0$. 9,500 $7,500,000 $170,939,100 $6,000,000 $31,000,000 $92 43,8o0 o $19539.00
4 Preferred stck........ ........................... 24,172.8oo ... 17,000.000 ... 20. 7,0
5 Total capital stock ......................356,582,300 7,500:000 170,89;iOO0 6,000,0600 ~4,oo0,o0 9.2143.8oo 39,7 .90
6 Funded debt unmatured ............................ 275,906,992 ... 2113,000 ... 45.207,900 9,115 000 { 9,
7 other long-term "bt ...... ..... 29..9.. 1.......1
Total long-term deb'....................... ., 275l6992 ... 211,340,o00 ... I 9, 7,90 19 P 9. 1 +
9 Grand total capitalization ....................... 632,489,292 I,7,506,000 382,179.100 6.0,0,0 I ,900 1 :,65, 18 130,
10 Railway operating revenues ....................... 236,942,529 04, 219 159,155,178 1,010,855 12565:59,9I5 5013 77,0
11 Total maintenance expenses ............................ 223,379 53,.406,1431 560,056 14, 362, 773 3,105,1 9 10,72,9
12 Railway operating expenses ....................... 16.3....63. ,728 51,322 116.676 I 1,093,490 9,715,875 7,155,031 / 4, 912
12 Railway tax accruals .................................17,565,042 130,220 10197r,1481 56,597 781,537 700,612871
1 Railway operating income ......................... 55,76 ,194 22,677 31, 7,5 dl 2 1,8655 ,65359,094
15 Zqipent and joint facility rents ................ d 2,027,502 157,13 d 3,3 2r.967- 2aI 4 3 d
16 lt railway operating income ..................... 5....5 6b6 2 179 ,811 25,131915I 7 )/ k.
17 Other income ..................................... ,209,124 155 2,08: 1 2 0 318: 2
19 Rent for leased roads ............................ 11,067 ... 141:,55 ... I 112,96 18,000 2 9
20 Interest on funded debt ........................... 11,2416,719 s643 8 26, 94 ... 2,0408 518,38 3,597:24
21 Interest on unfunded debt ........ ................. 1236614 68 1,955 6 913 6 1,313 713/9
8 Total interest accrued ................. 11,70,3 68 8,7 ,2 I 6,2 o6,54 519.671 4,3 131
R Other deductions ................................. 327,667 938 I49, 460 112 22 116 9b7 1 5
Total deductions .................. 11 709, ,17 1,oo6 9o26,267 6,913 22,027 44 6 6 4,718,881
25 Nlt income ....................................... 46 ,166,699 357,354 2,114:,594 d 7Z,533 I 1,6 92 3,239,424 l1,
26 D Vidend appropriations of income and surplus .... 221477,30 300,000 17,083,78 ... 68 ,00 1,378,6 56
27 Total appropriations of income .......................22,5: 31 000 1,7.8 680.00 13,656
28 InoOme balance transferred to profit and loss .. R3 4,61,355 57-3514 3,807,308 d 1-5jji33 980,982 1,860,768 1,283

Ratios of Items

Per cent of Grand Total capitalization: (Item 9)
3 Common stock (3 to 9) .......................... 36.8 100.0 44.7 100.0 33,3 49.5 114.9
Totalre saia tok ( to 9).......................... 1.6410011, ~ 18.2 15
Preferred stock ( to 9) ...
Funded debt unmatured (6 ) ....... 1 .6 ... 55.3 :5 49.$
8 Othe long-term debt (7 to 9 ........................
8 Total longi,,-term debt (7 to 9 ...; ..............3.6 55.3 -69 .6 50.5
Per cent of Railway Operating Revenues: (Item 10)
11 Total msintenanoe expense (112 to 1.0 33.6 55.14 35.3
8:: Rl to W,. :2703
12 Railway operating expense (12 to 10) 69.0 77- 0. 966
1 Railway tax accruals (13 to 10) .........714 21:1 108 .2 6-36:1.
1 Railway operating income (14 to 10) ............ 35 19.8 ... 31.7
lj Zquipment and joint facility rents (15 to 10) .. 2!6.0
1 Net railway operating income (16 to 10) 2........ 2.6 29.8 17.7 ... 13.2 368 114
Per cent of Total Income: (Item 18)
17 other Income (17 to 18) .. ......... 73 49.8 6.9 ... 58.6 8.9 4.5
19 Rent for leased roads ...... 0.5 ... 2.9 0.5 5
20 Intere t on funded debt (20 to i) ............. 19. 28.6 ..51.9 133
21 Interet on unfunded debt (21 to 1) 0.2 ... 0.1 ... 0. ...
22 Tot al interest accrued (22 to 18) ....19.6 ..28.9 52.0 1- .
2J Other deductions (2 to 18)................... 0.3 0.5 2.9
3 Total deductins (24 to 1f ..........20.2 0.3 29- .89.
25 Not income ( e 25 o ) ....................... 83.2+ .. :
Per cent of' Net income: (Ite25 79.8 99.7 70.120.
27 Total appropriations of Income (27 to 25) ...... 1.s 814.0 82.0 40.9 ,42.6 ...
28 Iome balance transferred to profit and
lose (28 to 25) ........................... 121. 805915. 0.

InondesaGulf, Clorado &anta Fe 14. C. and Panhandle & Santa
ToFu#. o.
See also Southwestern~ Rseio for this system.
In oluding trackage rip .s
d Deficit or other reverse Item.






INTE STAT COMFC COMMISSION 2L
BUREAU OF STATISTICS

iSTATEM4ENr OF CAPITALIZATION AND) INCOME ITEMS TAKEN FROM~ PEIMINARLYREOT OFCASITAM ALW Y
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TEE YEARE


Central Western Region
Cago, Denver & nacioh t
Item Peoria & Rio Grande lDe v Nevade Northwest Ch
Saint Louis Western Salt Lake Northn ern Pa c Rockl
R. R. Co. R. R. o. R. R. Co. Ry. Co. R. R. o. &

1 Miles of road owned (single track) ............... 196.86 2, Ass.20 252.00 16571 514.8o57
2 Average mile, of road operated' .................. 223.21 2 514 45 255 .8 1657 489.94 1, 6
C ommon stock .....................................s 4,ooo,00 $72,1'57, 4 53,65 $,000,000 $,0.0
Preferred stock .................................. 16, 445 ..5 44,600
Total capital stock .................... 4, ,000 88,90,139 55 ,655 2,660 .000 35,009,000 11,1, 29
Funded debt unmatured ............................ 3,833,000 114,985,000 2 ... 29,942,000 9., 0
7 Other long-term debt ................................6...8 ... ... 8,
Total long-term debt ................... 3.83,000 1114,965,000 13,005,118 ... 290942.000 18,
9 Grand total capitalization ........................ 7 203,868,139 13,558,773 2 .000000 19
10 Railway operating revenues ....................... 1...,06 577 33629.463 3,889,321 1029:44 7,0465,21 6.28
11 Total maintenance expenses ....................... 39,687 11,690,500 1,996,801 310,11 21 2 1,54, 9 42 86,
12 Railway operating expenses ...................... 1,032,751 214794,249 3,121,338 592,65 5,3,514 4,56
13 Railway tax accruals .......................... . -34,237 2,316,091 708 W 126,7185 07
1 Railway operating income ......................... d o 6,511,7 697o64 30,990 1,318.52 1 62
1 Equipment a joint facility rent ............... 2 0 1603
Net railway operating income .................... 6,758,M 3,214
17 Other income....................................50 179, 8398 35,087 3,959 87,630 212,967 3,
Totae Income ........................... d' 99 6,939,219 696,534 9.335 1,202,181 1,320,974
19 Rent for leased roads ..........................150 107,301 110,850 612 .4,479 1
20 Interest on funded debt................................17 3,619,229 570,051 1.354,487 1,012,622 9 1
21 Interest on unfunded debt ........................ 21,3 18,646 1,9 17 13,685 662 1 ,1 18
22 Total interest accrued ............... 193,65 3,639,075 571,9R17 1,36s,172 1,019 ,4 1 41349,8 4
2 Other deductions ................................. 3 31,777 1,96 l2 13,685 6,392
Totaldeductions....................... ......194,038 3,7 53 696,720 786 1,4 6,o6 1 ,64
SNet income .......................................... 4o3,957 3:11066 d 348,549 d 2,43,05 296,700 6,
2 Dividend appropriations of income and surplus ........... 300,000
27 Total appropriations of income .......... ... 80 ...... 11,973...
Income balance transferred to profit and lose .... d 950 2, V2,986 d 86 3.49 d 2859 296,7

Ratios of Items

Per cent of Grand Total capitalization; (Item 9)
Common stock (3 to 9)................ .... .....51.1 35.5 4.1 100.0 53,9 2.5 20.7 52.4
S Preferred stock (4 to 9) .................... ...6.1 15 .2
6 Funded debt unmatured (6 to ) ........... . ....... 05 30
5r Toa aia toc (5( to 9) ...43.6....4.1 10. 53. 2.7.
Other long-term debt 7 to 9) ...... ............6... 6. .. .5 .3
Total long-term debt (8 to 94 5;.4 95.9 ... . . 97.5 64.1 47.6
Per cent of Railway Operating Revenues: (Item I0)
11 Total maintenance expenses (11 to 10) .............. ..... 37.5 34.8 51.3 30.2 30.7 24.6 3 28..
12 Railway operating expenses (12 to 10) ...............97.0 73,7 80.3 57.6 73.9 72.07.422
Railway tax accruals (13 to 10) ..................... 3.2 6 18 12.3 7.47
Railway operating income (14 to 10) .............. 19:1 17.9 30.1 18.7 23.4 17 199
15 Equipment and joint facility rents (15 to 10) .. ... 0.7 ... .5
16 Net railway operating income (16 to 10) .......... ... 20.1 l.14 36 16.4 1
Per cent of Total Income: (Itam 18)
17 Other inooe (17 to 18) ........................ 2.6 2.6 10.0 3.7 1
19 Rent fcr leed roads (19 to 18)................. 1.6 15. 0.2 ..0-3 83420 Interest on funded debt (20 to 18) ................ 52.1 81.8 112.7 76.7
21 Interest on unfunded debt (21 to 18)0 0 .......... ... 0.30 .. 1.1 03.
22 Total inteat accrued (22 to 18) .................. 52.4 8.21 113.8 ,:13
21 Oth:er de.duction to I' 0................. 2.0 .o .
2 T T euctions to......... .. 00. 0.2 120.3 ...7
25 Net income (25 to 18) .....................
?or csnt of Dft ome: (Item r s i
27 TotaI appropriations of income (27 to 25) ..... 18.9 ... ... ... 53- ...
29 Income balance transferred to profit and
lose (29to 25) ..................... :......... .. 1.1 ...1o.0 ... 100.0 46-+5 100.0


Including rckg rights.
d Deficit or oterrverse item.





26 INTERSTATE COMMERCE COMMISSION
266o BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY R T 0 IS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDEDD


Central Western Region
Toledo, Union .Pacif 1 System: Western
Item Peo ria & Saint Joe p U ion Utah Pacifi
Western Los Angeles Oregon & Grand Paoific Ry. RG
Ry. Co. & Salt Lake Short Line Island R. R.Co
R R. Co. R. R. Co. B Go.

1 miles of road owned (single track)................... .... 1,07593 2,247114 23,674.20 52-5.4 1 073
2 Average miles of road operated*.......................24'l 1,207.g 2,435-46 259-50 3,687.52 102.8 ~ 1:26
7 Other c on -t$,..... $.............................. ..,00,00,000 s 2 4,600,000 $222,291, 600 $3o65,0
Prefrredtoctk................................... .. ... ... 8,999,400 99,535,00 o
Funded debl t oc ........... 0 76,900o 25,000,000 100,000,000 1 599,4100 313,0 ,6 5000
Fd debt unmatured ............................. ... 59,022,000 121,42,000 .. .. 256'49 825 5 38,31
7. Other long-term debt. .............................. .. 16,85,o4 32,1491,112 675,000 11,010,706 '1624,474
8 Total long-term debt ..........75,880 040 154,323,112 14,75,000 267,50t.53 .4500 000 3,4,7
9 Grand total capitalization ...........................4,076,900 100,880:040 254,323.112 18,2141 589934 631 7,5520 1 84,7
10 Railway operating revenues ....................... 1.,617,o67 24,5424,14 35, 491 692 3,595,699 110,131, 1739,790
11 Total maintenance expenses ...........................747,116 8,920,011 11,87778 1 log 031 314,412,606 672.37 4.9 0
12 Railway operating expenses ..........................1 ,682,799 19.583,614 25 29,913 2:525,036 71,609,424 1,329 .kj:4
Railway tax accruals..............................90,000 1592,097 2,84, 188,726 6,979,74 9 ....
j1 Railway operating income .......................... d 40 2 9 21 3 3 3
15 Equipment and joint facility rents .................... ..... d 1 0 1 d 1 d 3 42 1 0 29
West railway operating income 2............., .......... d326 22el,1 5 90<958 b 7 2 4 +4 4.. 8:..99
1 Other income .................................... 1 78,5 3.9 20, 779
1 t Total income.............................. .d 2.1 2 700,9710 83,905 663904,:7:2 476.7 7 4,557,72
19 Rent for leased roads 6noesups.... .... .- ... 100,346-9, 732 ... d .9 3,000
20 Interest on funded debt ............................ ... 2,360,880 5.177,57 211,901 11245,170 22J,000 1.91
21 Interest on unfunded debt ........................ ...1 ,902 14,096 8,9 6 89 85,53 34 11 12
22 Total interest accrued.................. .195902 23 976 5,16,514 2123 1,311
5 1tin 4oe 7, 1 ... ..... . . .
2 Other deduction a 2 258 22,954 7,127 9 7 4 2 l
T5etin ota dedut.... ...................... .. 90 2 7,58 38,353.983 2 522 241
26 Dividend appropriations of income and surplus .... .. 4,000,000 .26,21o,9 0 4 53,2
27 Total appropriations of income ..................... ... 5,068 1.o0,35 26,210,900.
SI transferred to profit and le .... d 415.652 63,325 903.330 444,783 12,1143,083241,

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
7 Comon stock (3 to 9)) ......................... 100.0 24. 39.3 25.2 3.7
4 Preferred stock (4 to 9) ....................... ... .......
Total capital stock (5 to 9)..................... 100.0 214.8
Funded det a (6 to 9) ............ 55 21.9 43559
Other ong-term debt (7 to 9: ............... 16 1.... .... 1. 12.8
z Total long-term debt 8 to ....9 ......... 75.2 60.7254:5, 3.
Per cent of Railway rating Revenues: (Item 10)
11 Total maintenance expenses 11 to 1l0 46.2 36.3 33-5 31.6 1.1 3.
12 Railway operating expenses k12 to 10 14.1 7: 71.01
1 Railway tax accruals (13 to 10) .....................5.6 5. 8.0 5. 523:
1 Railway operating income (114 to 10) ........ '137 21.0 22.6 28.62.52.
15 Equipment and joint facility rents (15 to 10) 6..
16 Net railway operating Income (16 to 10) ...... 9.5 18.6 17.7 26;3 29:5'2.
Per cent of Total Income: oem 1
17 Other Income (17 to 18)............................... 14.0 37.7 6.6 41.7 3.35
19 Rent for leased roads (19 to 18) ......... o.6 0:3 1:
20 nterest on funded debt (20 to 18) ........ 8. 7.14 48.9 31. 2: i4.
21 Interest on unfunded debt (21 to 18) ....... 0.2 0.10.13
22 Total interest accrued (22 to 18) ........... 87.6 119.0 31.9 22.84a5ii
R~ Other deductions (23 to 18.................. 8.9 0.2 1.1 0.2 0V .
25 oNta Inoeu n ( 25 to 1............................ ...2947077.1 50-7 33032. 18.
Per cent of Not Income. Ie: 5
27 Total appopriations of income (27 to 25) ..... 19.2 81.6 ... 68.3 2.0
28 income balance transferred to profit and10.
loe(1 o25)................................ ... 80.8 18.14 100.0 31.7 1009.

See aloNrhesenRgonfrti system.
Including tracpkagrihs
d Deficit orothe!r revesitm





INTERSTATE CMMERCE- COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORT OF LAS I TA ALWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YAR ENDED DECEMBER 1, 125



Southwestern Region
Burl on 1roo n .....nss.Utty.
.Roe ..........Lois Sin Lous Meio&0letL*
Item Fta ort Smith Fort Worth San Ban Fran- K
Wichita Western & Rio Grande oisco & Mexico & Mexico &
ValyRy. Co. t co eco Ry.
Valle Ry.Co Ry. Co. aCaoRy Texas Orient Orient Ry.
yRy.00. y. Co. of Tx4

1 Miles of road owned (single track) .. 52-05 197.16 221.74 3.513.33 46575
2 Average miles of road operated* .................. 271.86 249.75 23352 4,pO4.61 137-95 46
3 C on stock ..................................... $1,020,000 $1,248 $2,92.300 s5o, ,o6 $ 804, 000 7 1000000
4 Preferred stock ........... ......................... ... 7, ,000 .... ..
5 Total capital stock .................... 1,020,000 1,248000 2,9 8,300 57 ,026 8o4,0 7500000 .100 00
6 Funded debt unmatured ............................ 769,000 5,394,000 4, 7:000 X%,716,568 1,188,000 3,524,500 9:116,633
7 Other long-term debt ............................. ... 3,88a4,010 7,277,276 312999 ...
8 Total long-term debt ................... 769,000 5,34,000 8,351 ,040 253,93844 4317 9 5245 9,116 3
9 Grand total capitalization ....................... 1,789,000 6,6 2,000 11,279,140 311,9 ,870 5,121,949 110 500 10.116, )
10 Railway operating revenues ....................... 1,784 165 1,896,725 1,399, 96 90,058,611 2,204,156 2 411 096 3,192
11 Total maintenance expenses ....................... 355,429 641,201 ~5~388 28,309,637 684,5 2
12 Railway operating expenses ....................... 879,722 1,382,872 1,3418347 62,327,124 1,578,07 2278,996 2,626 28
13 Railway tax accruals ............................. 112,545 62,368 49,122 4 90163 2679 759 83
14 Railway operating income ...................7...... 790, 8 450, 43 1,681 22.791,55 595.17 55 597
i Equipment and joint facility rented ................ 2 1 d 160 411 1 d 4 1561
16 Net railway operating income ............**-.-***. 21 2 21,567,133 .5723.
17 Other income...................................... 24,925 1.337 4,498 8836 1,987 148 .910
18 Total income ........................... 556,422 290,812 a 111.134 22, 7551494 311,975 124.720 35.382
19 Rent for leased roads .......................2..... .28, 74. 4,271,866 19,227 .
20 Interest on funded debt ........................... 38,450 286,87 178680 12,478,488 47,520 116,4 364,665
21 Interest on unfunded debt ........................ 398 18 614 84,409 2,753 38024 17
22 Total interest accrued .................38,8287,027 179,294 12,562,896 50,2 154064 364,792
23 Other deductions ......................... 330 1,695 200,412 2 .
24 Total deductions ............. ......... 26q7.591 287357 180,989 17,035.174 69.2 64,
25 Net income ....................................... 288,831 3455 d 292,123 5,720,20 242,7 29,
26 Dividend appropriations of income and surplus ............. 2,907, 52 .... .
27 Total appropriations of income ................... ... ... ... 2,928,912
28 Income balance transferred to profit and lose .... 288,831 3,1155 292123 2,791,408 242,47)3 d 2 44 39.46

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... 57.0 18.8 26.0 16.2 15.7 68.o 9.9
Preferred stock (41 to 9) ..........................* *** 2..4
Total capital took (5 to 9) .................... 7.0 18.8 26.0 18.6 15.7 66.0
Funded debt unmatured (6 to )........ ......40 81.2 3.6 791 23.2 320 90.1
Other long-term debt (7 to 9 ...4 1............ 1 ... ...
8 Total long-term debt (8 to 9 .................. 46 74.0 81. 84.3 32.0 90.1
Per cent of Railway Operating Revenues:.(Item 10)
11 Total maintenance expenses (11 to 10) .......... 19.9 33. 413 1.4 31.143.4
12 Railway operating expenses (12 to 10) 149* 72.9 96.4 69.2 71.6 94.5 8.
1 Railway tax accruals (13 to 10) .............* 33 3-5 5.4 1.3 3*2 2*
1 Railway operating income (14 to 10) ............ 44. .7 0.1 253 27 150
15 Equipment and joint facility rents (15 to 10) ..*.........
16 Not railway operating income (16 to 10) ........ 29,8 1.3 243) 13 5 2* 10
Per cent of Total Income: (Item 16)
17 Other income (17, to 18) ........................ 4-5 0.5 ... 39 4s 54*6 .
19 Rent or leased roads (19 to 18) ............... 41.1 .. 18.8 6.2 ...
20 Interest on funded debt (20 to 18) ....6.9 987 54.s 15.2 93.0 1,03o
21 Interest on unfunded debt (21 to 18) .......... Q.1 0.4 0.9 30.5 0.t
22 Total interest accrued (22 to 18) .............. 7.0 ... 55.2 16.1 123.5 1,03.1
2 Other deductions (2 to 18 .................... .. 0 ...9 .01
2 Total deductions (24 to 18 ..... ............. 81* 74.9 22.3 123.5 103.
25 Net income (25 tolS) ........................... 51.9 1.2 ... 25-1 77-7 *** ***
Per cent of Net Inoome: (Item 25)
27 Total appropriations of income (27 to 25) ...... .... ... 51.2 .........
28 Ino*e balance transferred to profit and
lose (8 to 25) ................................ 100.0 100.0 ... 48. 100.0 **

SSee also Central Western Region for this system.
S Including trackage rights.
d Deficit or Other reverse ites.




28 INTERSTATE COMMERCE COI SSION
2660
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LA8 I S
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED D B 9


Southwestern Region
Kansas City .ua..i.
Southern System Kansas, Louisiana Louisan Louiana
Item Ry. & Ry. & Midland
ItmKansas City Texarkana & klanzoma & & Arkansas Navigation Navigation Vle
Southern FOrt Smith Gulf Ry. Co. .Ry. Co. Co n Co. of TNxavi a Ra lle
.. ...__y. Co. By. Co. C
I Miles of road owned (single track) ................ 407.08 81.08 311.92 273.36 333,.39 190.4 288.68
2 Average miles of road operated* .................. 78L.07 81.08 314.42 302.25 337.63 2364.o0
Common stock.......................................$29,959,900 100,000 s 61 127 $ 5.000,000 $ 8,131,000 5 s 4,oo6,500
Preferred stock ..................................$21,000,000 .*8 ,15 ... ... ... 3.0999,250
Total capital stock .................... 5o 959,900 100oooo 9,337,279 5,000,000 8,131,000 52,500 e,005750
6Funded debt unmatured............................. 53,055,236 5,591,000 9,089,675 3,013,000 10,433,500 .. 11,905:167
7 Other long-term debt ...................................... ... ... ...
Total long-term debt...................... 5055,236 5,591,000 9,069,675 3,013,000 10,433500 .11,90,167
9 Grand total capitalization ..........................10 :015,136 5,691,000 19,1426,P514 8,013,000 18,564 Z2:5~500 19-910,917
10 Railway operating revenues ...........................s8231,1458 2,933,698 2,518,478 4,0)90,952 3,859,b0' 17 257 432,6
12 Railway operating expenses ....................... 12 914903 1,64, 01 2,259, 91 2,722,303 3.185.713 10 72 79
13 Railway tax accruals .............. I..................1,'155,133 195,4~35 106.,429 362,812 253,302 I,8 969 195,908
11 Railway operating income ................... ..........4,122,618 1,096,1452 1 6 1.0 1 1,rS 209,7 ,.olo
15 Equinment and joint facility rents ............... ...d 0:144 d4 1 d 8 6 82o.
17 Other income ..................................... '' 4 gs6
16Ne rilayoetin In me.......................... / 003:51 1,5 3,l
18 Total income ....................... -........4,126.1425 792,741 11,496 882,286 69,279 8,998 1,375,391
19 Rent for leased roads ............................. 072 156,506 3,750 12,381 1,198 95,203
20 Interest on funded debt .......................... 2,62,32 124312 279,580 157,553 171,157 17 ,70 593,993
21 Interest on unfunded debt ........................ 418,26 2,942 1,009 1,521 _14:430 177300,22
22 Total interest accrued ................. 2,481,258 127,254 280,599 159,074 485,587 177,4 6,329
23 Other deductions................................. 25,656 122 ... 2,798 1,829 602 9,144
2 Total d2,uctions........................ ,511,986 283,8 2 284,3 9 174,25 d 11: 614 ,96 ,669
25 Net income............I............................ 1,14o 139 Z/1498,859 4 242 a 708,033 5 d 38 71,72
26 Dividend appropriations of income and surplus .... 10000 .............. 00,287
27 Total appropriations of income ...... S40...........,0
28 Income balance transferred to profit and loss 77,1439 49,859 d L24.1 595,749 d q93 d'19.j98 6i,'7T22

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... .28.8 1.8 3. 62.4 43. 100.0 20.1
Preferred stock (14 to 9) ....................... 20.2 ...474... 20.1
5 Total capital stock (5 to 9) ............. .......49.0 18 50.7 64 4 160.6 40.2
6 Funded ebt unmatured (6 to .............51.0 98.2 Z9.3 37.6 56.2 59.8
7 Other long-term debt (7 to 9) ..... .............
8 Total long-term debt (9 to 9) ................... 51.0 98.2 49.3 37.6 56.2 ... 59.8
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 31.3 20.8 14.1 32.4 37-6 29.2 29.0
12 Railway operating expenses (12 to 10) 55.9 14.2 82.5 10
I Railway tax accruals (13 to 10) .........6.14 6.7 8.7 66. 6.6 3-.5.
1 Railway operating income (14 to 10) ............ 22.6 37.-3 6.0 24: 10.8 15.5 32.1
15 Equipment and joint facility rents (15 to 10) ....... 16 Net railway operating income (16 to 10) .....20.14 2:j 0.3 21:1 0.8 0.2 27.2j
Per cent of Total Ipcome: (Item 18)
17 Other income (17 to 19) ........................ 9.8 1.3 84.7 2.2 55.0 67.6 13.5
19 Rent for leased roads (19 to 18) .0.1 20.0 9.0 114 1.8
20 Interest on funded debt (20 to 18) ............. 50.0 673. 17.9 680.1 1,975 43.2
21 Interest on unfunded debt (21 to 18) ...... 10.1 M2.4 0E 20. 0
22 Total interest accrued (22 to 18) .6.1 16.3 676.2 1.1 70. 1,975.9 43.6
2 O Other deductions (2{to 1 ....... ....:.:.0.6 0... 2:6.1 0.6
2 ota deucins (2 to 19 .. 60.9 36.3 66s.2 19.8 705.3 1,98
25 Net income (25 to 18) ...... ...... 3 63.7 90.2.9
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ...... 52.0 ... 15.9 ........
28 Income balance transferred to profit and
lose (28 to 25) ................................ 146.o 100.0 s84.1 .. 100.0

I/ Does not include $269,192 "representing an over accrual in our Income account fvr the year 1920 of amounts recoverable from the Gqvernment during the Guasety Period under provision of Section 209 of the Transportation Act, 1920.m ?J 'Doe& cot include adjustment for excess Guaranty acoued under Section No. 209, Transportation %ct, 1920 amounting to $7,907, which adjustment is withheld pending decision of tLe Interstate commerce Commission.$
Including trackage rights.
A Deficit or other reverse item.





INTERSTATE OMRECOMSIN2
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LA I STEAM RAIWA
(NOT INCLUDING SWITCRING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER3112


Southwestern Region

issoe agour en aT a L s- Missouri Pacific System
Item & North Missouri- Mier- _-0
Arkansas~ Kansas- Kansas- Beaumont nento- 1 or
rnsy. T ao. Texas Sour Lake al Great Pacifi &
Ry. Co. R. R. Co. Ri. R. ,,. Western Northern R. R. G.
nfTera Co. R ft Co. Wye
1 Miles of road owned singlee track) ............... 33.20 1,725.o0 870.06 84.29 1,106. 682.o 17272
2 Average miles of road orerated* .................. 36 4.57 ,799.31 1 369.23 118.75 1,159.50 7337.62 191.
3 Common stock ..................................... $ ,000,000 $82,1420,000 1,,0,000 $ 85,000 $ 7500,000 2,839,500 15,000,000
4 Preferred stock ....................... .. ...- 31,603,0 00. ... 71,00,100
5 Total capital stock .................... ,000,000 11,023,C0 1,40,oo0 85,000 700,600 15
6 Funded debt unmatured ............................ 3,500,000 146,195,370 50,611,276 2,057,9825 36,5000 305333780 32437600
7 Other long-term debt ........................... .. 8,820,297 16,42 ... ...
8 Total long-term debt ................... 3,500,000 146,195,370 59,431,573 2,074,249 36,650.000 305,333,780 32, 600
9 Grand total capitalization ....................... 6,500,000 260,218,370 60,831,573 2,159,249 150,000 9.97330 47, 600
10 Railway operating revenues ........................ 1,548 341 35,325,003 22,167,911 2,803,705 1703.74 ,66 3 446
11 Total maintenance expenses ....................... 6676.6 4 11968, 298 659,05 703,992 5,96797 ,644 1,39,60
12 Railway operating expenses ....................... 1,4 5:249 22,861,69 16:756,479 1,855,015 13,517750 1022 499 25
1) Railway tax accruals ............................. 2,96 213 19 7,,2.0 ,786 515,759 26 1
Railway operating income .......................... 86,74 10,314,629 4,667,143 849,30Z 3,048,172 23,253,239 66
15 Equipment and joint facility rents ................ d 12 42 78,029 d 2241 61 1 d 808 707,4
16 Net railway operating income ..................... 10,392,58 ,2
17 Other income ...................................... 9,23 416,266 103,127 11295 94, 8 4,459,089 1,279,588
18 Total income ........................... 10,808,924 2,536,09 245,0 2,334,145 22472,15 262,15
19 Rent for leased roads ............................ ...7,661 492,460 .2000 1 31.
20 Interest on funded debt .......................... 210,000 6,650.735 2,835,548 123469 1.859,000 14,52 1,46,3
21 Interet on unfunded debt ........................ 131 3 41 8,866 830 18,813 ,39 25,69
22 Total interest accrued ................. 210,131 6,684, 676 2,844,414 124,299 1.877,81 14,565027 89
23 Other deductions .............................. 92 9,473 1,667 6,843 120,07 1 0,1
24 Total deductions ....................... 211,054 6,701,810 3,338,541 124,299 1,8866 656 14,82394 159847
25 Net income ....................................... .d 239.329 4107,114 80248 120,785 447:49 7648,209 1,003511
26 Dividend appropriations of income and surplus .... ... 1,281.502 ... ... 1,03,19
27 Total appropriations of income ..........................
28 Income balance transferred to profit and lose .... 239SI129 4,o107,i14 d 802,:448 120785 447,89 ?,8209 1

Ratios of Items

Per cent of Grand Total Capitalisation: (Item 9)
common stock (3 to 9) ......................... 46.e 31.7 2.3 3.9 17.0 1.0 31.6
Preferred took (4 to 9) .......................... 12.1 ... 15....6.
5 Total capital stock (5 to 9) .................. 46.2 43.8 2.3 3-9 17.0 1:.6 31.6
6 Funded debt unmatured (6 to ) ..................53.8 56.2 83.2 95.3 83.0 66.4- 68.4
7 Other long-term debt 7 to 9 . ................... 14.5 0. ...
8 Total long-term debt 8 to 9) ............ .. 8 52 977 96.1 8.0 664 6
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 43.1 33.9 30.9 25.1 35.0 35.4 40.4
12 Railway operating expenses (12 to 10) 92.7 64.7 75.6 66.2 791 78.2 74.9
1 Railway tax accruals (13 to 10) ............... 1. 6.1 3.3 3.3 30 0 7
14 Railway operating income (14 to 10) ............ 5.6 29.2 21.1 30.3 17.8 17.8 17.9
15 Equipment and joint facility rents (15 to 10) ..... 0.2 ... 20
16 Net railway operating income (16 to 10) ........ ... .29.4 11.0 8.3 13-1 1. 38.:
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................... ... 3.9 4.1 4.6 4.0 19. 49.2
19 Rent for leased roads (19 to 18) ................. 0.1 19.4 ... 0.1 0.6
o20 Interest on funded debt (20 to 18) ................ 61.5 111. 50.4 79.6 64.6 5
21 Interest on unfunded debt (21 to 18) ........... 0.3 0.3 0.3 0. 0.2 10
22 Total interet accrued (22 to 18) ............. ... 61.8 112.1 50.7 80.4 6.8 57
2 Other deductions (23 to 18........................ 0.1 0.1 ... 0.6 2
2 Total deductions (24 to 19 .... ... 62.0 1 1.6 50.7 66.0 61.4
25 Net income (25 to 1 ) ......................... ... 38.0 .. 49.3 19.2 34.0 386
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ......... ... ... ...
28 Income balance transferred to profit and
lose (28 to 25) .............................. ... 100.0 ... 100.0 100.0 100.0 100.0

Including trackage rights.
d Deficit or other reverse item.





BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REP OF CLAS STEAM
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TIE YEARE


SouthWestern Region
Missouri Pacific system Continued S oi
___________weet n_____ Lines___ Southern Pacifi in 4e@
Item Saint Louis, Sam Antonio, n cuI
Brownsville1 Uvalde &~ Texas & 8ainx Louis Houseaton &
GufPacific Southwestern Southwestern Harrisburg
MexCo R.R.Colf. o Ry. Co. & Sani An___ __ __ __ ___ __ __ __ __ N. 0. N.R. 0. __ __ __of Texa toni RC. R R. Go.
1 Miles of road owned (single track) .......... 04.2 315.58 1,849.36 616.89 697.81 1 370.8
2 Average miles of road operated* .......... 550.22 318.32 1,952.96 94o0.58 807.20. 2 65 9 7
C on o ...................................... 500,o 28 00 3876310 $16,356100 2,750.000 7,84,00 10
Preferred stock .................................. 370,000 19,S93.650
5.Total capital stock ...... 50000 2800 62, 42810 ,249,750 2, 27soo40 1 ,o 00
6 unde debt umtusd ............................ 12,91nd3d debt 56a214,533.391 250, 1572 56,21OO5 33,,24,,0 7.P41,0
7 Other long-term debt ........................ ................... .. 15.23 5 60261
STotal long-term debt ......................12, 4,11300 5,2448 49,8z6,, 233
10 Railway operating revenues .......................... ,169,7,.9 3522,.299 6,1-m39 3 7 89 02 97 7 3320 44 147Z59
11 Total maintenance expenses ....................... .,417,827 410.941 1211 1929: 2
12 Railway operating expenses ....................... 5.179,661 1,123,97 26,453,o 12,372,182 75676 21,206,669 11 4
13 Railway tax accruals.............................. 396,20 4i,339 1,917,500 8 413 332,906 1,281,391 82,.45
1 Railway operating Income ............................ .2, 8S, 94 291669 6,86691 5C.05. 375 10,108 4.9 .40 370,311"
1o Equipment and joint facility rents............... d 4229.2 d .891 d d .7. 13 582,422 d 9.39 d 24
1 t railway operating Income ................... .. 1 5 78I 5974.04 62 592530 253,94fl
18 Total in;ome'...... *.*.............2,l194,92e 178,526 .6.3 7,22 4,591217 628,802 1.891 673 2,398.697
19 Rent for leased roads ........................... ..........2 130,350 51 3,I
20 Interest on funded debt .......................... ..774.801 220,650 2,41 2 ~ ~2 7 43.0 185
21 Interest on.unfud.ed debt........................ .........22 76 2, 0 37 6 ,61 7 2
22 Total interest accrued ......................775,623 220,726 2,428,09 2,03i7439:48 1, 6: 6 42:
2 Other deductions ........................................30 1 976 23.197 8,010 9.031 ,3
2 Total deductions ........ ....................75.653 220,727 25567 226 5 7,7 .5:3 4,0
25 Net income ..................... .....................1.409:269 d 42,20 3,9215557 2,2286:3615932.2,7 15397
26 Dividend appropriations of income and surplus .....1,185,150 994, 62 ... 500,000
Total appropriations of income ................... 3 99 ... 661,657
28 Income balance transferred to profit and loss ... 1,9,269 d 4 :22 2,636,405 2,296,262 50,931 1,871.1 0 1,95,97

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... 3.7 6.0 32.6 19.2 8.2 31,0 57.9
Preferred stock (4 to 9) .......................... ... 20.0 23.3 ... ...
5 Total Capital stock (5 to 9) .................. 3.7 6.0 L2.6 42.5 4.2 31.0
6 Funded debt unmturd (6 to 9) .................. 94.0 57.5 46.6 38.0
7 Other long-term debt (7 to 9) ................ ..... .... 45.2 31.0 0.2
8 Total long-term debt (9 to 9.................. 96.3 94.0 ,7.4 57.5 91.8 69.0 42a
Per cent of Railway Operating Revenues: (Item 10)
11 Total 'aintenance expenses 11 to 010 29.6 28.4 346 14.6 49. 34.4 36.3
12 Railway operating expenses (12 to 10 77.6 70 90. 7.76.
Railway tax accruals (13 to 10) ........................... ..9 5.4 .
1 Railway operating income(14 to 10) ........17 195 195 7.7 0.1 1.2 1.3


1 Eqimnt and join failt rent (1 to10 74.
I Net railway operating income (16 to 10) ...... 22:j75 15.5 1 4
Per cent of Total Income: (Item 18) 2.
17 Other income (17 to 18)........................ 4.3 5.9 9.0 5. 13.0 11.6
N9 ent for leaned roads (19 to 18) .........207..
20 Interest on funded debt (20 to 18) .......35.5 123.6 3i64168.9 37.5 18.1
21 Interest on unfunded debt (21 to 18) 0..0 ........1 1 .1. 0.1
22 Total interest accrued (22 to 18) ....... 612j:93- 34.-5 6993.6l
Ohideductions (23 to 1915 1.3 0.2 0.1
Total deductions (24 to 168)..........................3. 1236 39.8 49.3 91.9 48.2 18-5
25' Net income (25 to 18)................. .......1. 6o.2 50.7 8.1 51,,8 81.5
.?or cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ......31.0 1.4 ... 26.1..
28 Income balance transferred to profit and
lose (29 to 25) ............................... 100.0 69,0 9-6 100.0 73.9 100.0

1 q also Cnt l Western Rin fOr this system.
Includig trackiage rights
d Deficit or other revise itm






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FORL T YEAR NE EEBR3,12


Southwestern Region

Houston Mrgan' Trnt5 ot
Item East & West Louiiana Luisana & Texas &
Texas Western Texas R. R. Now Orleans
hy C. R~. Steam- R.R. Co. Ry. o a i

1 ..iles of roa o (single track) ................ ..1905 207.74.12 3 .
2 Average miles of road operated* .................. .91.6o 2774 0
1 Prieerre to+C.................................... P0S++++ ++ + ......
Common stock ..................................... $ 1,920,000 $ 3,360,000 $, 0
Preferred stock .................................. 2 1 .0
5 Total capital stock .......................1,920,000 3,366"600 ~ 1000,000 5,0OO003400 0
6 Funded debt unmatured ............................ 3,000,000 ... 6429,000 9,96.9
7 other long-term debt ............................. 1,832,003 ... 6,116,222 15c,7
a Total long-term debt ................... 4,832,0O3 12 ,414522 65 1
10 ailayopeatig eveues................. .39,76 4274,113 8,j0 47 1,095,852 2:6273
11 Total maintenance expenses ....................... 1,2,7 1 ,12. 93 4, 7 4,o6,1
2 Railway operating expenses ....................... ..2,443,04 379: 8,51
I Railway tax accruals ............................... 156,286 329760 609,35 362
lii1 Railway operating income ......................... 786,291 778,941 319,20
15 Equipment and joint facility rents 1... .
16 Net railway operating income ..................... d 70
17 other income ..................................... 29,97 9,97
18 Total income ........................... 599,707 661,8 2 :031 1,854,570
19 Rent for leased rords .................................. ... 20
20 Internet on funded debt ......................... 150,000 ... 0 099,6 5 6
21 Interest on unfunded debt ....................... .... 1,893 l,06 2,0-7 2,101
22 Total interest accrued .................. 151,893 1:406 437.137 501,796
Other deductions................................. 5.........35 2,6 ,8 460
Total deductions .............................7 52:090
25 Net income .....................................
26 Dividend appropriations of income and surplus .... ... 50 000 ... 221,4oo
27 Total appropriations of income ...................
28 Income balance transferred to profit end loss .... 447, 464 66; 22 d494 1,5:9 d 2:8 3:2

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... .28.4 100.0 54.5 16.6 3-0 32,3
Preferred stock (4 to 9) ....................... 24.2
Total capital stock (5 to 9) ........................ ..2. 100 16.6 M
6 Funded debt unmatured (6 to ) ................. .445 ... 23.3 33.2 .
7 Other long-term debt (7 to 9).................. .271 .22.2 50.2-5...
8 Total long-term debt (8 to 9 .................. 71.6 ... '3.4 97 43
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance epenses (11 to 101 35.5 33.1 37.0 367 43 321
12 Railway operating expense e (12 to 10 72.1 7 .0 89.0 76I Railway tax accruals (13 to 10) ................77 7.
Railway operating income (14 to 10) ............ 23.2 18.2 3.8 19.6
15 Equipment and joint facility rents (15 to 10) ....
16 Net railway operating income (16 to 10) ...6..5.8-3 15.3 ... 1
Per cent of Total Income: (Item 18)
17 Other income (17 to 18........................ 4.9 1.5 376.5 4.8... ,
19 Rent for leased roads (19 to 1) .............. ......
20 Intereat on funded debt (20 to 18) ............. 25.0 1,671.4+ 27.0 32.
21 Interest on unfunded debt (21 to 18) ...... 0.3 0.2 7.9 0. ..
22 Total interest accrued (22 to 18) 25.3 0.2 1,679.3 27.1 32-3
25 Other deoe on to3 to 1 ) ........ ............... 074.6 9.1 ....
21& Total deductions (24 to 18) .. ........... 4 3 1,758 271.
25 Net inco me (25 to 19) ............. ... .... ... 99.7 72.9 67-Per cent of Net Income: ( Item 25)
27 Total appropriations of income (27 tO'25) ..............
28 Income balance transferred to profit a10
lose (98 to 25) .............................. 100.0 l00.0 ... 100.0 10.O

SSee also Cetasl Western Region for this oYst~m.
See also Southezn Region for this system.
Inoluding trackage right.
d Deficit or other revere item.





2~0INTERSTATE COMEC COMMISSION BUREAU OF STATISTICS

STAThMENT OF CAITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS WITCHING AND TERMINAL COMPANIES FOR THE YEAR ENDED DIEMBER 31, 125


Great Lakes Region Cena Eastern Reio
Detroit Indiana Lake Newburgh & A Belt
Item Terminal 0o, Harbor Belt .TerminalT South Shore Oern C of r Saint Loui
Termnal arbr Bet Trminl Suth bor District Connecting
R. R. Co. R. R. C. R. R. Co.- Ry. Co. R. R. Co. Ciao Terminal Ry. Co.

1 miles of first main track owned .........18.00 45.51 13 .34 5.59 7165 1. 95 11
2 Miles of first main track operated ........26.77 116.57 13.34 7.03 80.71 32.93 1.:.x85
3 ommon stock ...................................... 2,000,000 5.000,000 $2,000,000 $1,500,000 $ 8000,000 $ 3,12,00 150,000 $ 20,000
4 Preferred ..tock .......................................... ... ....... ...
stock.................... 5, 9 000,00

Total capital tz.............,0,000 5000,000 2,000,000 1,500,000 80000 3,120,000 150,000 i6,000
Funded debtu lt r .................................. ... 8 463,LLO ... 32sf9,oo .. .... I
7 Other lon term debt .............................. ..... 2,595,43 1,573,500 905,000 .. ...
otl long-term debt ......................... 11,058,81 1,573,500 5,000 3 49,000
9 Grand total capitalization .... ...... 2,000,000 16,05,1 3 oo 3,573, 15""0. 2,..
10 Ra lway operation g revenues .. .7,04,57 1 I 2 ooo
11 Total maintenance expenses ............................,853 2,7 046 396,334 723:816 840,937 1,389,363 2 1 6 416,6
12 Railway operating expenses .........................1, 747,718 7:b'R937 1,093,79 1,635,592 2,933,812 4,697,016 84,14 q5720,8
5 Railway tax accruals. ......................... .. .211,641 48s,600 82 2o6,794 585,9.79
Railway operating income...................... .....5263 3,109,181. 71. 94:165 1,82 99 520,14.92.95
15Eqis et land jon failt ret .......5 1: 6 125 62,5 1,109,360 d 41:61 99 l24a.552
16 N~ent wyoeaigicm .......... 6o6 ,61,L 173 3o6,666 1,203, 525 T,41,235809 540
17 Other income ........................................149,707 74:76 1,1b4 16,170 56,720 47385 1936,1
18 Total income ...............................30,103 1,9l44e16 27,616 322,836 6o 024 1,875,09154:761.9
219 Intrs for Rentonse~d rodebt ............. 27I, ,2 ... 5077 1,585,603 430,973
20 inee ta f ne debt ........... ... 445SS '';7 132+5 .





21 Interest onopfunded debt. ......................69 7 i. 877, 9 5
22 TotOl interest ,aerued .,..69 4146,6 .0,7 6 1, 31,2 5
SOther deductions ................................. 4,138 3, 120 1,52 2,560 2,220 560 54
04 Total deductions.......................4,207 4,901 120 52,556 1,760,245 1,5e172 43,9 560,5
2+ Net =incoe+" .. ..... ....... '++ (





251 3.85 27 6 20 0....................... 286,919 11 2 121,171
26 Dividend appropriations of income and surplus 200,0 : ... 90,000 187,200....
27 Total appropriations of income. ..................... l 55 27,496 90,)00 286,919 6 323 ...
28 Income balance transferred to profit and lose 8O180,080 ... ... 107963 121,171

Ratios of Items

Per cent of Grand Total Capitalization; (Item 9)96100 O. 0.
Commn stock (3 to 9) ........................ 100.0 31.1 56.0 62.4 .
Preferred stock 4 to 9).................... ..........
Total Capital stock (5 to 9)........... ........100.0 31.1 560 62.4 196 100.0 100.0 100.0
Funded debt unmatured (6 to 9). .. ........... 52.7 ... 80..
7 Other long-term debt 7 to 9).................. ... 16.2 7. .6 ...
STotal lon-term debt ( to 9)....................... 6s.9 44.o 37.6 8o.,
Per cent of Railway operating Revenues; (otemI10)
11 Total maintenance expenses (11 to 10) 18,7 24.4 33.5 34 23.3 196715
12 Railway operating expenses 12 to 10)6.1 55 1-3 66 08.1 56.3
9.8 8~ .8. Z 15. 18.5
Railway tax accruals (13 to 10) ........................ 9.9 16.1 7.6 6.2 2.
,Railway operating income (14 to.0)............. 25 .6 25.......9
e qui oent and Joint facility rents (15 to 10) 0.91 1.7 30 30.7 ... 0.5
I Nt railway operating income (16 to 10) ......27.0 16.7 2.2 3 29.9
Per cent ofeTotal income: (Item 8)1
17 Other income (17 to 1) ....................... .1.0 3.8 5.2 5.0 31.6 2
9 Re t for lease road (19 to IS) ................ ..I :3 3.5:.
20 Interest on funded debt (20 to 18) .1............ 154 7..7 .
2,. Interest on unfunded debt (21 to 1) ..........0 2.9 ...
SToal ierest crued 2 to ) ...........3.. 2 ... 15.7
Ohrddcin 2to1 1.6 o- .4 CH 0.4 82.2
T6.0 dedu16ion02 0t 00 e6.o o.4 4.. 10.82 s'7.7
2 e o me 29. ..5................... 9-5 74.o 99.6 638 ... 1.3 20.9 17.8
27 Total appropriations of income (27 to 25) ...... 100.0 100.0 33,3 ... 100.0 5.5
S ( t 25) ....... ....... ............. o100.0 ..... 66.7 ...... 94.5 100.0


Deficit or other reverse item.




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I
TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 31, 1925

North- Central
Central Leastern Region western Western Southwetr ego
Item Monongaela Union Chicago Peoria & Savso Loi nts St ext
Connecting R. R. Co. River & Pekin h Bridge Trnsfer o
Conneting (of Penn syl- Indiana Unon Ti t
R. R. Co. vania) Co. T.rCo. Ry. oC. Saint
R R. Co I y Co C o ool

I miles of first main track owned. ................. 7.12 2o.49 3-15 16.11 13.50 6.0 .
2 Miles of first main track operated .....................7.12 45.67 19.67 19.614 13.50 6.006073:
3 onmmon stock .......................................S 750,000 $5,000,000 8 500,000 $ 1,000,000 $2.626,600 $ 2,939,500 8 200.00 3.8,0
Preferred stock .........\.............
Total Capital stock .................... .,000 5,000,000 600,000 1,60,000 2,626,600 2, *,5k
SFunded debt unmatured ............. I..................... 9,760.000 319,000 3,897,000 1,5514,280 5,500POO0004,79,0
7 Other long-term debt ............................. 40....1, 0,000 ...... ... ...
a Total long-term debt ......................1,1400,000 9Z,760,000 319,000 3.897,000 1,5514,290 5,50,000 ..4,2,0
9 Grand total capitalization ........................ 2,150,000 7,000 819,000 14,897,000 4,180,88 8,1439 5
10 Railway operating revenues ....................2,19570 11,1414,385 6,839,269 1,869,476 1, 80,7514 496 62 7, 5130
11 Total maintenance expenses .................... 7,079 3,794 1,877,15 1208 08, l,:2 6 1 7
12 Railway operating expenses .................... .... ,8 ,260 8,887,903 ,718,129 1,411,643 1,129,i 7 IS7787 631,9 35
13 Railway tax accruals ............................. 67,418 395,594 1495499 240,000 244,500 392,1149 5,0
1 Railway operating income .......................... 281,892 2,170,88 1,625,635 217,833 204,709 1.096,925 13379 8
15 SQuipment and joint facility rents .................... 572,228 1,38,059 286,533 d 1AZ 70,391d1
16 Net railway operating income .........................261,2 ~ 2,7143,116 2,963,694 5014,366 3167 6556260 2
17 Other income ......................... ......... ... 1,6 12,804 97,976 48,247 115,580 6,132
18 Total income ..............................262,898 2,925,920 3,061,670 552,613 319,157 1,235,448 66,s ,8,9
19 Rent for leased roads ....................................... 10000 2,000,000 8,000 ..10,000 136,1466,0
20 Interest on funded debt .............. I................1869 552,813 49,230 223,305 84,l438 295,000 ... 1503
21 Interest on unfunded debt .............................11413 99 153 18 18
22 Total interest accrued ................ .. 73,010 552,8149 49,329 223, 458 8,1438 295,118 18 1,5303
23 Other deductions ............................... .. 66,403 1O4,766 206, 350 5,142 350 180,082 21,026 31.7
24 Total deductions ........................ 139, 413 1,117,615 2,255,679 236,600 814,78 485200 157,188
2 Net income ....................................... 123,495 1,808,305 805,991 316,013 234,369 750,246 d 9 7
29 Dividend appropriations of income and surplus ... 750,000 50,000 ... 131, 330
2 Total appropriations of income ................... 57,219 50,000 308,718 234:,69 ......
28 Income balance transferred to profit and lose 123,485 1,751,086 755,991 7,295 ...750248 d J6

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (Q to 9) .......................... 34.9 33-9 61.1 20.14 62.8 34.8 100.0 6.7
-Preferred stock (4 to 9) .......................... ... .....
5 Total capital stock: (5 to 9) .........................314.93i6. 20.66.834810i .
6 Funded debt unmatured (6 to )..... ............... 66.1 38.9 79.6 37.2 65.2 ... 93.3
Other long-term debt (7 to 9).................. 65.1 ...... .......
Total long-term debt (8 to 9) ..... ........6
Per cent of Railway Operating Revenues: (Item 10) 11 Total maintenance expenses (11 to 10 .. 33.1 27.14 25.8 385 24.5 25.7 o
77.6 69.0 75.5 7.400820
12 Railway operating expenses (12 to 1088. 766. 55 1 7. 209.
13 Railway tax accrul (13 to 10) ................ 3.0 3.5 7.2 12.8 15.5 7.9 0 15.7
Railway operating income (14 to 10) ......... 12.9 19.0 23.8 11.7 13.0 22.1 7. 15.
15 Lquipment and joint facility rents (15 to 10) .... 5.0 19.5 15.3 ...
1 Net railway operating income (16 to 10) 1....... .9 23.9 43.3 27.0 12.9 23.5 8.5 38,8
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 0.6 6.2 3.2 8.7 36.2 5.5 2.0 22,3
19 Rent for leased roads (19 to 18) .................. 15.7 65.3 1.5 2.9 0..203-.6 25.
20 Interest on funded debt (20 to 18) ............ 27. 18.9 1.6 40. 26. 23.9 ... 593
21 Interest on unfunded debt (21 to 18) ...........0.5 ... .. ... ..
22 Total interest accrued (22 to 19) .............. 27 i. 40.46 :
2 Other deductions 23 to 18) .................... 25.2 9 6.s 0.1
R Total deductions (24 to 18) .................... . 3.... ...0 26.6 2 25.0 9.1
25 .Nt income (42 to 19) .......................... 7.o 61.s 26.3' 57.2 73.4 0:7 ...9
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ......... 3.2 6.2 97.7 100.0 ... ... 321,7
88 Income balance transferred to profit and
loss (29 to 25) .............................. 100.0 96.8 93.8 2-3 ... 100.0

d Deficit or other reverse item.
































































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