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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THE.. INESTT.OM..MSIN.N VE ST

OF FLORID
JOH J. ES H C .a .....












JOHNSO C PQ#oa



ERN EST L. LEWIS-J FRANK Mc)1MA9A' THOMAS F. WO K RICHARD V. T EZRA. BRAINE GEOPF C# Sce












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la SO ERINTM8 P





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS 26

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, 1926



INTRODUCTORY STAT LUEN T

This is the third issue of a compilation of special reports containing selected items of capitalization and incoa These reports were due to be filed with the Interstate Commerce Commission as of February 15, 1927. The final report was not received until March 3, 1927.
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 31.
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
present statement does not include data for the Alabama and Vickcsburg Railway Company, and Vicksburg, Shreveport and Pacific Railway Oompany for the period prior to June 2, 1926, on which date the properties of these roads were leased to the Yazoo and Mississippi Valley Railroad Company.

It should also be noted that in nearly all cases the present report deals with the reports of Class I operating comnpanies. The preliminary report of the Atchison, Topeka and Santa Fe Railway Company is on a system basis. This affect the distribution as between the Central Western and Southwestern Regions, as the Gulf, Colorado and Santa Fe Railway Company, usually assigned to the Southwestern Region is here combined witb the Atchison, Topeka and Santa Fe Railway Company in the Central Western Region. Also, in the monthly reports the revenues and expenses of the Southern Pacific Steamship Lines appear in the Southwesterh Region totals, while here they are included in the report of the Southern Pacific Company, which is assigned to thle Central Western Region. The report of the Kansas, Oklahoma and Gulf Railway Company, not available for the December report of revenues and expenses, is Included in this preliminary statement.


Washington, March 12, 1927.








INTERSTATE COMMERCE CMISO
BURAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND IN0ME ITEMS TAKEN FROM PRELIMINARY RERSOF CLASS I STERAIMAYS
(ILUIN MBSITCHjINO AND TERMINAL COMIPAN-IES) F(O TUE YEAR ENDED DEOME 31, 1926


The reeaon to Waldh a road ba been assigned I@ indicated by letters following te name a. follow*: Ne agimnd (N.1.); Grsa Laken (h.)

central Letern (C.E.); Pocahontas (P.); soutr rn ( N.); Northwestern (N.V.); Central Western (C.W.); and Southwestern (SW.)

SUMMARILS: DIST ICTS AD REG101$.




E ater i srea t So t .n. .. Co I 1 o Suit h st ete y. .. ...... ... ... n o r. ... a....... ......... ........................ a
A N O ar i o o ( .. ........o I .n.................... 6 southern r De t .... ... ........... . ..................... ork w ter e . 7 "
Great La es Region ..... C.................... 6 an 9 poc a egon .............. .... .. Western R io. .. .
Gent. Eae rn Reyon ...... .) ... )............... 6 and 9 Souenern R on ..................... .. )............. 31 N o wee u Rhie on ........ .. .. .


Akront canon & Youngstown By.. CO. (CL.) .................... 15 Feria it i et Re s Co. S ...t. .)...................... I++ .... N orw est n R. C
kla boa r o t(.C ................... ..... .... 1 Fori sm t & ian e lr 0. CO (S.).......................... 27 Ne H a & H f
........... ............ 14 Fort Wortn Loer ity y. o ( .1.) ...... ............. 2 r S3
n Arbor R .C ......... .....Now........................... 3
Atchian Cstie S.. at..... ...................................... re Say & Restern . Co. (..)...........................
(Incl. Panhandtle a Santa Fe Ry. 00. and o ok&WsenB.C.(. ................i

Altm e a A eho hi t R R. Co. (S.) ... ....... )............... G l Galv t Wh rf an CO G. (S.)..................................2 330 N hen & a na y. Go. (S.) 21
Btior e hi & At. antc Y. N.. (S.) .................. 1 u lg & Fora A S .. .. I.. ............. ., n Patci GO k S anaP o) *.. .""..2)

(le n t........e....ntaIsH7 .).... ..... .24 Pnelai .E.C ,()
BAlantic & Sint Lear oe R. R. Co. ( .) ....... ........... 10 Georia R R. Lose Or em ......o (S).........................19 Nort estemn Paiic n. R. C.
a e pAtlantic .y G. R. Co. (C...) R..ta i.n i N o W......................... 2
Atlantic Soet Line ar. Co. (S.) ..... ............ I .. 1 G n T Weter Co. (G. ) ............................ 11 Oregon MSoet Ltt e R R. Co. (0O.1 ) . .. .. . .

Heiti o Oo Chicago Teminal R, R. Go. (... ) ..............32 outn A Tep enA t. No. ( S.) 31.. 20 Penhani e et To O.
Besatmore rie O R .. E .L .) ..................... .... 15 Suetoload A e S a a To By. Co. (ncl. 31 it u h i oLak Sanri N y.. .). ........... 24
BostonrMei& O iost. I ......................... ...........10 (Inno. in etraleon, Topek. & Sant. .. .. .) -...............20 Pittsbrha nia .. C o. ( 0 .. .
brool Ee r istrfi Moble & N thrlo R. CO. (. ) ........................2 Pittsyu ani Sw t ...... .. .........
Bugor & A ootook Ru Ceh oni .) ............. .5..n.i.na Peoria & Pekin U on ... 0 (.1.) ..................... 3,,., 4
Beumont Rou e ake A Wete rn N. (S .W.) ............... 1 2 I R aiong Valley r. o. (C.E.) ,.... ........................ ....... 5 Pare Ma AuAte t CO N.0.) . ...... ........ I14
Bel i g. Co. ou te... go (C. .) ............................ Houston & Texas Central R. R. C (4.Io) ..... .......... Perkine R. R. o. (Cenaio ....N...Co...f.. ......in..e. 1
beoa~hemo Lake Erie R. R. Co. (C.L.) ........................ 1Z Houston Last & West T es y. C. (S ...............1 31 PittsburgheakeaIrisi.R.00.in.) ...................... 1 0.
Can am a ari ld Nyw Co. (C.W.) ........................... 2 PittiDZ CO. oS ) t R.. Co. (r. a 14* N
ns on & Maine t. ( Mae (. ....... ........ ...10 kllinol Cty. l RS R. A Co (.i ............................. 20 Pttburgh & Wes 1Vrginia 7y CO.
Central N e nd Distric Termi (N. .). .............. ...... 1 k ns Ct l M st e nt i...................................... 2 Pittsb. .& r
C ealo & Susque inna R. R. Cor oration :. ) .. ............... 15 a na C Haro u Belt Ny. Go. (.L.) ......................... 2 Pot R a din R. R. ( .E. ) ....... ... ........ I.... ........ 17
Bftalo. center & Po tburh r y. Co.. ............... 7 Intaentional o at Noy tse R. R. GO. (S.W.) .............. 29
urnln eRoute ..................................... k h anA G f INternationl .y. Go. of Mine quiny, Omeha & rane. ilty N. R o (.W. ................. 24
(See C Witr Pacific Li.e in Maine) )...................... 10



Chesapak Naioa Rity Co. te (................ .......18 Lake Suero A~n Cepei. it.L. i.C.( ).... I.............2 an oi-SfacsoN. I ........................2 7
Chai an PAciAto Line i n Ma ne ( .X.) ....................... 10 K nsah City MeAue o & rive Limes ........................... 27 ...11 &Sin t em .us outhwest..............ern L e
Chicao n Pactef Iato .............................. 10 Lmod 22 Kan s City, Mexglc o re t Co (S.W. ) .................. 2 Si n L oer n p Co . C. ..
centsIa AL ri land y. CO (.L .) ...........................12 Lehigh Vlle St .t. ..o ( ..........................................1S w..........3.........
Cenra Il o Ge irsgi M Co. (S .) ......... ................ Lon ln it. N CO. (. .) .......................... B Rtan d t.i. o ...................... 11
Cent al R. L.Co. t W stew Jeeey (C. 1.) ....................... 17 Koan es Aity Southern L yseNmN ............................ ... 26 Ssa n Air Ln N Co. ( . ......
Co trol Ve rmot R. te. tN..) .............................. 10 Kusan Oklahoma & f ity o (S.W.) ....................... 28 Sout h osep. &CGrne. s&n y. Go (.1 .... .... ..... ,'.. .
Charle ton & Western Carlina By. CO ) ... .... 16San Loi.B wsvle&M lc y C.(.W) .......3
chicago' ri t y itP.) . ...... ............. 1 Lake Super or & 1 inM t i t. (N.W.) ...................2 Sant L ul-Sway F ise o Co. (. .) .................... 2
Cheago A OShi o almia Mina p A Om. Sa... .... o... .. r5 Texa y. o.Saly .. ( ).................................. .T a l u e .. 2
Chicago, Detroit A da Grd T.) .... .. LouisianaN. Nit Ri. Co. oeL.) ...... .................28 S32outh.aoSn Le .
Chi W tn Co. (. ................... .... .2 Louis ia& Wdston Ri.e Go. (..) -. ............. ..........12 S n et Luis nou hwme. r L .. .................. 30.
ChiOcgo & E dia- 1 11 ol uisville aY" Cy. ... ............ 15 L uigh A i ew Enahi R. R. Co. ( .L.) ........................ .1 Sant e L o te thwi) e p.t By o (SW. I.. .... 0
Chicago & Eria R.u R. C (G.L.) . ..... .... .......... 2 Leoih Vlle en. eRs San Louis .. o. ...................... Sp ane to lnSo A eaten F C o. o Wf ) ........ ......
Chicago N i o I sndl a i n iy. Co. (M i.).. R. R. Co. (c.&.) .. Staten Island api.( .K................................. a AG l e &Gu ( R Co. G.E .................. 3
Chicago, Noth setern y. Co. ( ..) .................... 22 Los Angeles & Sal t La a. R. Co. (S.. .. .....................10
Chicago & Bokth Wel ern P cfem .............................. 22 Loui iana &e n l r.i. Co. (..) .......................... South n Co. (El) ..... (.<.W.). ...... . . ...... 21
Chnc in. Bu ing aon l Aunc t R. Co. ( .c.) ... ...........5 2 Lou isana Ay. & aing a tion Co. (S.W.) .................... 3 2 Southern Ralwr Syithm ..... W... ...... .... .........- 21
Chi ina Detri t & Cansaa Ten Trunk uion R. RB. G.L.) 1 Lou eli Ry. & avi at on o. at S nTs a (S..) ............... 22 outhe n Pacic 00. (Pacific Lines ) ............. K. .5
Cicni or t ern i. CO. (.EW.) ........................ 22 Louisianp Wetern Rt. H. Co. (S.W.) ............................. Tio hern Paoifi Lin e .W........ .............. 25 and 31
Clieao.Ind in na tolis, & o vlle i Co. it L Ci .) ............ 16 Mois ir i NrhvArkae R, o..+ ( .................... .....19 Toe Pnera t rn y. Go (S.W .)........................ 22


cliciflel + N. El. Co (S)...................1 iuriEnsas-TCKe s Lnes .c.(. .....Trinit.A.Bra.ns....... x +
ado A u e n C . ............... 22 Lousville, Henda on A S nt Loui Co. (.) ............. 19 Spokane, Por a & S t y o .W. ...........
Ch iu Aiver e ni & lle By. C. C ,( ) 1..............e1a N itt Ca n TIee RaWid Transi ty Co. . .,lt .A...a..war..e ......
Chicago Rock Islani &sGouf Py. Cof (N...) ... .......... 25 Maine Central .. .. Co. Un.i.) ......... : ...... .. C . ... + .
Checago RoHk Island & P.1f. ) y. Co. (C .) ................ 1 Miohign Centfl R. Co. (G.L.) .. ............ ........ ..29 and e 3 nn Ctral y S. .......... ................ .
Delawr, Sant Paul, Ainneepolit & Omaha o 0 ( .W.) ....... 12 Mbide Valley it. R Go. (S.. ................................29 Tnin N A. (of .n ).. L
Gicnnat, dR n apol s & Wes tern it. Go. (C.i ......... 15 Ainneaphla & 5a et Louis R. R. Co ( .W ) ................... 23 Tearkaa &By ort S th Go. 0. N
Cn innt New OA lean & Te a Pacific By. Co. ... ......... Saint Paul& Sault Sainte Marie By. 0. (.W) 22 TexaMne w Onrlegas Ey o ( .. ..................... -...
Cineinnti N ore n t. iCo. (C.).. ................ ....... 16 kM turppi Central R. R. Co1. (S.) ......... a o (P .) ........... ...................... 30
Cloel:+ i.C cm s.g & Sal, t ,+ Lou 16. s+!: Mixsoui& North Arkansa Ky. Co. (S.W.) ..................... 29 Toledo, + Peora& Wme s or By.+ex Co. (Cm. W.sm( ) ..... ................. 26+ ...+++++ +




Ceril old hr inehll R Rt. Co. ( GS.) ....... ................ .. 1 12 M or an a us Texas i. N..... ABsmh .. (....Wbs.N.C. 01...................29 Ti ty&Bao Vley y.G. S .I) .....................I31
C o itd & vern Ay. Co. ( 0.. 1.. ..)............... 11..... 24 Mioozi-K ,esa e,, R. R. Co. (S.W.)'.. ... .... ....-. 2
Dolu bus & re nvi lle Co. ( .) ........................... 39 asvou ll-K Ca a-Te sg R. R Co. of To i (S.W.) ............... U1 lte & De ware R. R. Co. (GL.) .+. ... .. .
Ddoo. Paote N. C. o. (.W .) .............................30 Unios Peciic R R C. (C.W.) .......... .... .............. 2
Delawu e & Hud on Co. ( N.L.) ...W...........................3 11 avenur P fSyste m ..... ................. ...... 29 and 0 union PWe t Syen m ............... -.. ....... 26
: Co. ... .............. 11 M a O R Go). ( ............................12i CoW (e rnlv ) ...........
Deluth. Win a e A Paci n R. R. Co ( ..) .. ............... 2 Mob ghe Op le C Gret tRt h o. .. G ..o .................... 33 Ut)2 N yi Co (C.Ie i ................................ ... 21
D( r & S lt i e R G C+I.. .. . ... I . 5 M n n a el y o G L ) .... .. ................... 13. ....




Elgri it Ea tern Ely. o (G. E.) .........................16 Mnto QRl TR. a Ao (G .. .................... O 13 Vign a ley Go. (. ........... ........................ I
D t~ero & Toldo hoe neH R. R. Co. Ce.n.tr.... L Morgan a Lou a .. & ... ... ...... 1
Dr i Gr E Co. (0.1.). . w.......... .. . 1 Wantsh y. C. .L....... ..............1. .................................21
D r tTem i ........3.. ... ............... 19 Chicsg i t st em i t..1..(...1....... .................................. 1
EVre l Tle d A Iro n R o.L.) ...... 1 .................... In d n a i s A e H at C CC (
De mt r o o Rang e n R .o G ) . . . . 2 lo +m eL u m n oa ~ e01I o. (N..W.) ........ . .. .. .. 23l New. Have System .. . . . ................. 10+ +. + .... 13++ +++++ Wet r ar l nIy.G .( ) .7
Dult h it i seb, rh eraykoiN.. ... .... . 3 N re & Newau~ Yor R. C (G.L. ..:....- ......... 12 % :en P cfcR .0 .( .. ...... .. .... ..
out h o e & Atlao n tic Co. ( .) ...............lens a orth atrn R~ . Co ........ .... ... 21 W' ter.+ By of Aelabsmaz e;++ (S.)+ ... ... ... .................... 19 +; + + + ++ + + + + + + "+ '+' +++
[D+ll tha i ipm e g a ii y o ( . . . ... . 2 N wO len ra o t enR. R. Co. (O-L. ..................... 20 [ 9h el n &e t e Lakexe Eri By.n Lou. (.. .. .. .... .. ... .1
D~~uNe Orl+ t., O ( . e ns, Txas, &..... ....... 0........ .............. .. 30+ wec ,i -s valley o. s W. ...... .... .... .... ..... 27+

Llgin, Joliet & Ease rne By. Co. (C.T6.) ..... .............. 16 Now. Yo e ntral+,. Line ............. .................. 13 ano 16
irie Rt. R. +Co. (G.L.) ................... .... :............. 12 Ne Yor Centra R. R. Co + ................. ........... 13 yaso A Mississippi Valley R. R., CO. (S.) ... ............... 20
irle~s a'-t ... .......... .. ................ ... ... ... .o. ewG.L.CO) ............. 13. c d .L+
L van ville, I is &polls1 & Terre Haute Bty. Co. (C.L.) ........ 16






6
2760 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

SUMMARY NO. I-RECAPITULATION OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF
CLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMfINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1926



Eastern District
Item United States Now England Great Laken CeatrateTotan
ReinRegion Ragitt Distic

I uile of road owned (single track)................. .14,216-50 5243210 15,41.99 16,32 3.990.94
2 Average miles of road operated*.................. 236,096.32 7,405-19 727. 1 26,01,2 .036.2
Common stock .......................................$5.965,610,046 $231,105,359 $1.079,43,012 $1,0241,383,1151 $23V 2,1
Preferred stock ................................... 1,752,14o,025 67.909.661 216,5 23 7,6,43
Total capital stock .................... 7,757,150,501 20,9015,01 I,96 8 1, 1,767,i I 2 955:7095
Funded debt unmatured .............................. 10, 14,631,7914 5 9 0 1,615.219,127 1,$51,80,91
7 Other long-term debt .............................. 400,573,01 24,817,499 5769.049 7257206,259 l0,
8 Total long-term debt ......................11,0150,88 574,337,533 1 665 987,176 1,877,016,23 7 1,173,; 949
Grand total capitalization ......................... 1,o,55,3e 873,352,552724 43,, 7,525 I
10 Railway operating revenues ...........................379,4091 259177 53593,1 .16,4l331
11 Total maintenance expenses.............. .....211 8521.372 92.967.575 395,01 1 510.995,96,83
12 Railway operating expenses............. .....4o666,1257,1314 206,932,751 95,8 1,108,789'970 2,16 7076,305
1 Railway tax accruals ................................388,682,377 11.973,971 67 365,628 79,950,101 159 99 D
I Railway operating income ........................ 1,322,692,95 569,64 3393133 20,071, 37 25
16 Net railway operating Income ..................... ...0 :* -I 0 02 90555m 5 r95-M

15 Eqien ad ctont filtres. ................ 719,0 11.49614 I i,7(1.8 6 4,9,5 z6,0
17 Other income ..................................... 28 7, 9, 50 7 105,0274 6&
1 n Total income .......................... ..1,500,35,221 56,1149,1014 2,50,1O 309,48,52 1249 951.R"
19 Rent for leased roads ..............................11797,211 9 54o '980 33.30 98 57,1417,254 99:267,118
20 Interest on funded debt.494557,655 27,677,693 74,77,277 86 53 ,02 1 4,
21 Interet on unfunded debt-...ap......a..on12.397,555 642,46o 2,655,629 2,173,206 414 29
22 Total interest accrued ................. 506,955,210 28,320,153 77,532,906 91,027,009 19N0:,06
Other deductions .216- 799, 200 790,583 11,232,526 4,898,559 16
Totl dedu.ctos................162 37.1,6 122,0714,316 153,314,2 313.o6e.,853
25 Net income......................................... 80,813,6o0 18,1497,388 161,776,097 156,138,705 336,4412,190
26 Dividend appropriations of income and surplus:
(a) Commo0n................................330,290,005 471,7142 744 41.6,554 61,383,427 136,271,72
b Preferred ........................ ... 62: 4,4 ,,132,579 170






24:94 9,32 560313 10,2
27 Total appropriation of income ................... 245 1053 4623,531 62 .3,310 54.684,692 1216,46"533
25 Income balance transferred to profit and lose 559,089.547 13,873,857 99,43 7, 757 101,14514,013 2114, 765657

Ratios of Items

Per cent of Grand Total Capitaliation: (Item 9)
Comon stock (3 to 9) ...........................31.8 26.4 36-5 32.7 335
Preferred stck (4 to 9) .......................9.4 7-3 7.5 7.5
Total caital stool (5 to 9).. ...................41.2 342 13.8 140.2 141.0
6 Funded debt unmatured (6 to 9)56.7 62.9 51 59.0 5.
7 Other long-term debt (7 to 9) ..................2.1 2.9 1.7 0.1
9 Total long-term debt ( to 9) ........ 6.- 56. o o.
Per cent of Railway operating Revenues; (Item1)5.
11 Total maintenance expeznes 11 to 73.1 3. 33.4 344.84.
12 Railway operating expenses 12 to 10 33.1 75-0 73.9 75-5 7.
Railway tax accruals (13 to 10) ................ .143 5.8 5.4
1 Railway operating income (14 to 10 ......20.7 20.7 20.3 19411.
1 Equipment and joint facility rent 1 Nt railway operating income (16 P er cent of Total inome: (Itei t)~1, 61 1. 701
17 Other Income (17 to i) ......................... 19. 19.2 22.4 19.4 20.7
lent for leased roads 1 to 18) 1... 15.2 117 15 5.3
9 Interest ............. 33.0 49.3 6 25.5 29
21 Interteoniunfunded debt (21 o18) .0.8 1.1 0.9 0
2iotlntereat accrued (22 to 1)....... 33.8 50.14 2- 943
24 Other deductions (2 to it1 ..... 1.8 1.14 401-62.
2 Total deductions (2~4 to 1S9......................46.14 67.0 43.0 49.5 44.
25 et income ( 25 to 18) .................................53.<6 33.0 57.0 50,5 51.9
Per cent of Net income: (Item 25)
27 Total appropriations of inom (27to 25) ....30.5 25.0 38,5 35 3.
28 Icom baanc trnsferred to profi an
108 (28 to <25) ......................,... <69-5 75.0 61-5 65-0 63.8

Including trackage rights.
d Def icit or other reverse item




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

SUMMARY NO. 1-RECAPITULATION OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF
CLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR DECEMBER 31, 1926



Southern Ditrict Westen Dilstri t
Ite Pocahontas Southern Total Niorthwestern ti rn Total
Region Region Southern Region R enster
n District Region Re Ion eg1o District

1 Miles of road owned (single track) ............... .:71.51o1 30,329.27 35,00.81 /43.7,14 41,768.o4 25,779.57 i .
2 Average miles of road operated* .................. 5,153.6 3 3,918.66 1411.072.29 48,538.02 53 793 40 30, 656-40 132,97.
Common stock......................................$302,227,791 s 698,169.192 $1,000,395,983 $ 763,645,513 $1, 440, 26,723 $ 425,760.036 $2,629
Preferred stock ................................... 53,394.400 119:790:750 193.165,150 475 767,352 368.443,189 14,205,700 1
5 Total capital stock ..................... 355.622,191 $37,958,92 1.143 56,13 1,239,112,965 1,808,729,912 619,9
6 funded debt unmatured ..............................387,325,6241 ,559-372.027 1:9 6:697,651 1,758,725.689 1, 716,93 9,538 1,175, 79,76665,8.9
7 ther long-term debt..................................650,937 1 6N.937 37,397,737 157,051,858 92,60,726 297.
Total long-term debt ................... 387,325,624, 1,572,022,964 1,959,34, 588 1,796,123,426 1,873,1396 1,268,400492 4,F3
9 Grand total capitalization ........................ 72,947,815 2.409,981.906 3,152,929.721 3,035,536,291 3,682,721 308 1,8366,22986, o,
10 Railway operating revenues ........................ 291,063,346 873,061,406 1,1 64124)752 721,197,991 1,088,160,5 507,03
11 Total maintenance expenses ....................... .98,321,169 P6,375,572 394,696,71 239 957,411 349,2 176,720,135 1
12 Railway operating expenses........................ 1 0 727 533:614,849 757,975,039 378,019.632
13 Railway tax acervals .............................. 21,863,27Z 53,719,96 75, 272 50,123.89689 78,991,6 2 69, 1 !
1 Railway operating Income .......................... 85,077.631 17 #266,775 259,1 406 137,310,073 250,937,674 104,i0,272 492,
15 Equipment and joint facility rents ............... 5,175,225 d 1.313. 121 nd 1 L 21 860 d d
1 Net railway operating income ...................... 90,52,56 4, 12q
17 the icom.......................................,3,2 31,329,4159 36 _gI~ 3'~z'8
Other Income ...5,137,022 3 1,, 3646.9 L3, 0 84 II I5 72, 70,/7 07200 1,2,7
Total income ..............................95,589,878 1911,283,110 72,, 2,97 1 07.,5,7 20,0Q1. 11
I18a noe9.5999 1423n 289,872,988 160755,1131 301, tt7, 664. 98.808,095 561.o. 9l
19 Rent for lese ras................10250 1,597137807,669,356 37, 661,3 40 7,220,890 53,1,586
20 Interest on funded debt .......................... 18,561,152 71,69, 228 90,210,680 81,16',61 57,089,5 77 55,679,91 212 8,20
21 Interest on unfunded debt ......................... ..106,8 931,434 1,011,308 2,557,015 1,88,299 1.439,638 5:84,95
22 Total interest accrued ................. 18,66,26 72,583,662 91,251,988 86,725,66o 74,977,876 57,119,619 21 823,155
24 Other deductions................................5146,27 3,615,1171 11,191,752 2,3.0212806.1162 5411,2911 5,665,780
21 Total deductions ....................... .. 20 23.7181 89,185,063 109, 422.247 92,733.040 115, 1145,678 64,81,803 273..60,521
25 Net income ....................................... 75,352:69 105,098,07 180,450,71 68,022,391 i16,001,986 33,926,292 287,950,669
2 Dividend a appropriations of income and surplue;
a Common ............................. .31225,611 40,73106 71,957,017 211569,750 88887,1565
2 tP Preferred ....................... .... 2945,200 6,536,871 9,482,071 11,576,470 16,097,565 5,253, 2 35:917,59
27 Total appropriations of income .................... 1110,307 111,306.956 15,1117,263 21,6 8,153 679 7,659,125 lg6,257
26 Income balance transferred to profit and loss .... 74,242,387 90.791,091 165,033,.78 46,3 3,96 106,679,307 26,267,167 179:290.42

Ration of Items

Per cent of Grand Total Capitalization: (Item 9)
sommon ,to k (3 to 9) .......................... 40.7 29.0 31.7 25.2 39.1 22.5 30.5
Prefrre stock (4 to 9) ....................... 7.2 6.1 15.7 10.0 10.3 12.
5 Total capital s tck o 9 .............. ....40.9 9.1 28 426
6 Funded debt unmatured (6 to 9)............. 52.1 61.7 68 57.9 16.6 62.3 511.1
7 Other long-term debt (7 to 9) ................... ... 0.5 0.4 1.2 1.3 4.9 3
Total long-tern debt 8, to 91 .............. 59.1 50.9 67.2 .:
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) ......3.8 33.9 33.9 33.-1 32.1 311. 33.0
12 Railway operating expenses (12 to 10) 632 73.9 71.2 74.0 69.7 71. 72.1
1 Railway tax accruals (13 to 10) ........... 7.5 6.1 6.5 7.0 7.2 4.9 6.6
Railway operating income (141 to 10) 29.2 20.0 22.3 19.0 23.1 20.5 21.3
15 Equipment and joint facility rents (15 to 10) 1.9 .........
6 Net railway operating income (16 to 10) ...... 31.1 18.7 21. 17 21I 17.4 19.2
Per cent of Total Income: (Item 16)
17 Other income (17 to 16)....... I.................5.4 16.1 12.6 20.6 211.0 10.9 20,7
19 Rent for leased roads (19 to 18) 1.1...........7 1.8 2.3 12.5 7.7
20 Interest on funded debt (20 to 1) ........ 19.4 3667 31.1 52.3 23 5 3.0
21 Interest on unfunded debt (21 to 18) .0.1 0.5 .4 1.6 0.6 1.1 1.0
22 To tal interest accrued (22 to 18) ....19.5 37.3 31. 53.9 241.9 57.8 39-0~
2 Othr deductions 2 to 16 ...........6 1 15 0.9 o6 10
211 Total deductions (2 to 18...9 .
211, .2, 4z.9 377 9" 74.
25 Not income (25 to 18) .......................... 78.8 51.1 62.3 12.3 61.7 31.3 51.3
Per cent of Net Intcome: (Item 25)
27 Total appropriations of income (27 to 25) ...... 1.5 13.6 8.5 31.9 42.6 22.6 37.7
29 Income balance transferred to profit and
loss (28 to 25) .............................. 9,95 86.4 91.5 68.1 57.4 77,4 62.3

I Including trackage rights.
d Deficit or other revere. item.








INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
SUMMARY NO. 2-RECAPITULATION OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS 1 SWITCHING AND TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 31, 1926*



Eastern District Western district
United
Item States Great Central Totr Northwest- Central Southwetern
Lakes Eastern Eastern er Western Region Western
Regiion Region District Re ion Region Distrit
1 Miles of first main track owned ................ 212.59 82.49 99.10 181.59 3.02 16.8 11.90 3100
2 Miles of first main track operated ....... .... 427.53 155.88 161.23 317.11 19-54 19.617 110.42
SCommon stock .................................... $41,643,100 $10.500,000 $17,020,000 $27.520,000 $ 500,000 $1,000,000 si2,6.100 $412,100
4 Preferred stock ................................. 5,490,000 ... ... .... 5490,000 490,000
5 Total capital stock .................. 47,133,100 10.500,000 17,020,000 27,520,000 500,000 1,000 1,113100 1 ,100
6 Funded debt unmatured ............................ 105,966,000 10,767.700 42,366,000 53.133,700 287,100 3,365,000 49.180.200 52.
7 Other long-term debt ............................ 12,933,950 5,090,913 1 093.733 6 18 4,66 ... 674936
8 Total long-term debt ................. 118,899,950 15,858.613 43:459,733 59.318,346 297100 365000 5929 4 5 .
9 Grand total capitaliszation....................... 166,03 ,00 26,3.8,613 60 79.T733 8 ,838,346 78100 350420
10 Railway operating revenues ..................... ...68,478,614 17,045.133 27.178.852 44223,985 6, 4,671 1.773.639 15.546.1 2 2
11 Total maintenance expenses ...................... .18,138,500 730,775 7,362,109 12,092,884 1, 8,314 7 3909 6
12 Railway operating expenses ...................... 48,813,282 12,68,070 20,212,376 32,900,446 4.520,998 1.3232 1512,
13 Railway tax accruals ............................ 5299,053 1,023.118 1,862,132 21,8j5250 1501567 228,000 1,64.2 6 2, Z13.80
1 Railway operating income ........................ 3 9,780 3,328,18 4 5,103,881 a. .o65 1910,614 214.40 3.79.2 5 7715
Equipment and joint facility rents .............. ,888387 11,768 1,955,9147 11 179 1395 2 293, 4.20
16 Net railway operating income .................... 18,23S,8167 ,1,416 7,059,828 9,576,:,2 396 507,61 4. 7)E 8,6 ,923
17 Other income ..................................2 1,971,.31 15. 97 96,9o 1,081,999 lo642 31147 15.530 19
18 Total income .......................... 20,209, 5 2,701,.1 7,95 6,730 10,658;.2k 30,048 53,828 5 366 9551242
19 Rent for leased roads ........................... 972,609 27,490 2,8Z1,074 2,868,56 2,000,000 33104,045
20 Interest on funded debt ..................... 259,850 493834 1,923.29 2.417,073 17,.36 189,0 163 .427 1 842.777
21 Interest on unfunded debt .................... 1110 5662 2,2 904 23 300 2,876 ,19
22 Total interest accrued ................ 4,270,953 1499,:496 1,925,481 2,42 '977 17.329 189,344 .63930 1. .
2a Other deductions ................................ 1,901,121 35,122 705,590 40,712 218.810 5415 6,18i,6,
Total deductions ..................... .12,144,683 56,o 5,14, ,34.253 2.236,139 201.592 372,69 6110
25 Net income ...................................... 8,064,802 2 139,405 2,:44.585 4,623.990 1,171,909 337236 1,931,667 3440812
26 Dividend appropriations of income and surplus:
(a Common ............................ 1,712,463 260,0oo00 1,187,200 1,447,200 50,000 57,667 157,596 e65,263
(b) Preferred ......................... .............. ...
27 Total appropriations of income .................. 1,098,736 60,000 272,984 332,4 984 50,000 337.236 378,516 7657
28 Income balance transferred to profit and loss ... 6,966,o066 2,079, 405 2,211,601 4.291,006 1,121,909 ... 1.553151 2675:

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9)........................ 25.1 39.8 28.1 31.7 63.5 22.9 17.1
Preferred stock (14 to 9) ...................... .3 ... ... ... 7....4.
S Total capital stock (5 to 9) .................. .284 39.8 28.1 31.7 63-5 22.9 24.5 24:
Funded debt unmatured (6 to ) .... ......63.8 0.9 70.1 61.2 36.5 77.1 6646.
639. 0- 123.5 77.1 66,
7 Other long-term debt (7 to 9 ....7.8 19.3 1.8 7.1 ... ... 9.1 .5
8 Total long-term debt (8 to 9 71.6 6.2 719 63 36.5 77-1 75-5 75.2
Per cent of Railway Oerating Revenues: (Item 10)71.9
11 Total maintenance expenses (11 to 10) ......... 26.5 27.8 27.1 27.3 24.1 26.4 25.2 249
12 Railway operating expenses (12 to 10 71.3 7 4. 7.4 ~4 65-2 74.6 64.8 656
1 Railway tax accruals (13 to 10) ............ 7.7 6.0 678 6.5 7.2 12.9 10.8 10.0
1 Railway operating income (14 to 10) ........ .. 20.9 19.5 18.8 19.1- 27.6 12.1 24.4 24.4
1i Equipment and joint facility rents (15 to 10) .5. 2.6 2o.1 16.5 6.8 11.3
1 Net railway operating income (16 to 10) ....... 261. 14.8 26.0 21.7 47-7 28.6 31.2 35.7
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ...... 9.8 6.9 1., 10.2 3.0 5-8 13.5 93
19 Rent for leased roads (19 to 18) 9.............. .6 1.0 3-7 26.9 58.7 1.3 196 325
20 Interest on funded deb (20 to 18) ........... 21.0 18. 2.2 22.7 0.5 5.1 29.2 19.3
21 Interest on unfunded debt (21 to 18) .......... 0.1 0.2 ...
22 Total interest accrued (22 to 18) ........ 21.1 18.5 24.2 22-7 0 35.1 29.2
2 Other deductions 2 to 18 ................... 9.4 1. 8.9 7.0 6 1.0 167 12.2
Total deductions (24 to 18) ....................60.1 20.8 68.8 56. 6 37.46.
25 Net income (25 to 18) ......................... 39.9 79-2 31.2 34 34 62.6 3 36.0
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ..... 13.6 2.8 11.0 7.2 4.3 100.0 19.6 22-3
28 Income balance transferred to profit and
loss (2s to 25) ............................. 86.4 97.2 89.0 92.8 95-7 ... 80.4 77 7

The New England, Pocahontas and Bouthern Regions, and the Southern District,
do not include watching and terminal companies of Class I.
d Deficit or other reverse ites.






10 INTERSTATE COMMERCE COMMISSION .
2760 BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1926



New England Region
Canad an-'
IteCana n Natl. Rys. SYeB;1 Pacific S:2/ n ew aven system:
Aroostook & Maine &6 C e 5ntral Cna Cn Centr al New Yo
R.R o R. & Sai.nt Ceta Pacific CRal G o. etral K~ew N ___Hve
R. R. Co. R. Lawrence VerEmont Lines In o. England & Hartford
R. R co Ry. Co. Maine Ry Co* R. R. A. a. o .
1 iles. of road ovned (single track) ..............62337 1,628.47 165.5 266.45 173.86 6454t 127.6 1,c.
2 Average miles of road operated* ................ 615.52 2,208.85 166.78 433-34 233.73 1,121.24 27520 1,917.01
Common stock.................................... $3,860,000 ,473 .008 $5.484,000 $3,000,000 $2.238,550 $12,007.100 $4795,000 $157117.900
Preferred stock .................................. 3,1480.000 48,731,361 ... ... 3,000,000 3.77,000
5 Total capital stock .................... 7,340.000 88,204,369 5,484,000 ,000,000 2,238.550 15,007,100 532,Co 157 7.900
6 Funded debt unmatured ............................. 21,510,000 126,829.779 1o8.165 2,890,000 25,917500 1,714, 306, ,
7 Other long-term debt ............................. .... 155.937 19,399,558 95331 ... 16
8 Total long-tere debt ................... 21, 10,000 126,929,779 1, 655,93 7 3],8, 8 7 1 5,331 25. 00 13,714,000 6,770
9 Grand total capitalization ....................... 28,50 215,032148 7,139,9)7 ,40,72 8,3,881 40, 2'4,00 asaksooo
10 Railway operating revenues ....................... 6,927,602 81,625,376 2.629,559 9,09,72 2,471,864 20,,423 29 1 53
11 Total maintenance expenses ....................... 2,590,326 26,187,281 875,363 3,065,058 1,021,201 6,88 ,791 2, 6,099 4. 7
12 Railway operating expenses....................... ,29,408 62355,456 2, 33012 7.26,0 2,265,50 15 43.20 5. 290 99.
13 Railway tax accruals ............................. 551,405 3,079,050 211,460 22, 15 159,412 1:227,0 ,611 51381,207
14 REAlway operating income ......................... 1,5 ,502 16,177,840 7,g64 1,439,154 46872 3,349048 2.47,533 30.131,518
15 Equipment and joint facility rents ............... 3 54,115 d 3.3.737 700.90 d 22 81 14 21 02 4721 6.9274
16 Net rdLway operating income ...................... 1,890047 12,841,103 1,205 8 2, .
17 Other income ..................................... 66,329 1,876,050 : .93 3.,128 1 6 6
18 Total income ................... I ......... 14,71 ,153 519 ,0 6 3152 80 4 29.
19 Rent for leased road ........................... .. 1,13.,12 ... 216,63 1,680 814.42 3823 6 59
20 Interest on funded debt .......................... .1,023.942 6,56,495 ... 1,249,375 144500 1,246804 566536 15193
21 Interest on unfunded debt ........................ 7.. ,016 317585 206,97 1,8214 24,296 1,548 23 79
22 Total interest accrued ................. 1,030,958 6,887,080 206,287 1,251,199 168,796 148,352 568 157,022
2 Other deduction ........................ 1 ,050 ,1,7 6,1 01 62, 47,
STotal d ....................... 1,42,050 .14 2069 1.517,546 170,877 2,125757 99,731 21
25 Net income ....................................... 914,326 6,573,405 312,084 26 116931 1,270,397 79,023 ,243112
26 Dividend appropriations of income and surplus:
a) Common ............................. 6... ... 2 ,142 ... .
(b) Preferred .......................... 23,600 926,319 ... ... 150,000
27Total appropriations of income ................... ... 4,094,6 289,273 150,000 ... ..
28 Income balance transferred to profit and lose .... 914,326 2,47,760 22,811 2 ,21 16,931 1,120,397 769,023 8,2,112

Rat ios of Items

Per cent of Grand Total Capitalization: (Item 9)
Oommon stock (3 to 9) .......................... 13..11 18.3 76.8 8.2 25.7 29.4 21.6 33.9
Preferred stock (4 to 9) ....................... 12.1 227 7....3... 3 8
5 Total capital stock (5 to 9) ................... 2.5 41.0 76.8 8.2 25.7 36.7 38.4 33.9
6 Funded debt unmaturea (6 to 9) ................ ... 7.5 59.0 ... 38.6 3.1 63.3 61.6 66.1
7 Other long-term debt (7 to 9) .................... ... 23.2 53.2 1.2
8 Total long-term debt (8 to 9) .................. 74:.5 59.0 23.2 91.8 74.3 63-'3 61. 66.1
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 3.... 7.4 32.1 33.3 33.7 41.-3 33.7 33.7 4.4
12 Railway operating expense. (12 to 10) ..9 69.7? 7.4 .6 617 91.7 77.6 70.1 7.7
13 Railway tax accruals (13 to 10) ................ .0 3.8 1 2.5 6. 4.1 4.0
14 Railway operating income (14 to 10) ............ 22.3 19.8 3.3 15.8 1.9 16.4 25. 22.3
15 Equipment and joint facility rents (15 to 10) .. 5.0 ... ..
16 Net railway operating income (16 to 10) .. 27.3 1517.3.19.8 17.2
Per cent of Total Income: (Item 18)
17 Other income (17 to 1) ......................... 3.4 12.7 218.0 3.2 135.1 7-7 9.0 22.5
19 Rent for leased roads (19 to ~8) ...... 7.7 ... 17.3 0.6.0 22.1 19.9
20 Interest on funded debt (20 to 18) ........... 52. 44.6 ... 100.0 50.2 36.7 32.8 50.7
21 Interest on unfunded debt (21 to 18) ...........0.4 2.2 39.8 0.2 8.5 0.1 0.1 0.3
22 Total interest accrued (22 to 18) .............. 527 146.8 39.8 100.2 58.7 36.8 32.9 510
23 Other deductions (23 to 18) ..... 0.6 0.8 0.1 4.0 0.1 1.8 0.5 1.6
2 Total deductions (Rls to 18) 433 553 39-9 121.5 4 62.6 72*5
25 Net income (25 to 18) .......................... 6.7 7 6... .6 374 .15 27.5
Per cent of Net income: (Item 25)
27 Total appropriations of income (27 to 25) ......... 62.3 92.7 ... ... 11 8 ...
20 Income balance transferred to profit and
s ( to 25) ............................. 1oo.o 37.7 7.3 ... 100.0 8.2 100.0 100.0

see also Great Lakes Region and Northwestern Region for this system.
See also Northwestern Region for this system.
See also Great Lakes Region for this system.
Including t package rights.
d Deficit or other reverse item.





INTERSTATE UUMERCE CUMMISS1UN
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASB I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1928



,New England Region Great Lakes Region
Ctadni ualNtiona1 Railwava Srntem:, 11
Bfalo, Rcg- e Detroit Granda Delaane
Item York Rutland Rochester & trot & Can- GrarHen Grand Trunk D a
Rnecting R. R. Go. Pittsburgh ada Grand Milwuk western o
R. R. Co. N y. Co. Trunk Junct. & aRy. Co. C Westegn
R. R. CO. _ C R. G
1 Miles of road owned (single trach) .. 8.97 369.71 5955 188.32 331.16 330. 2311
2 Average miles of road operated' .................. ........20.50 3.16 189i83
3 Common stock .... $3,000,000 $ 129,800 $10,500,000 $1,095,000 $1,500,000 s 6,ooo,ooo $43,092.i30 $84,1,100
4 preferred atock ..............................8,961,300 6,000,000 ...
5 Total capital stock .................... 3,000,000 9,091,100 16,500,000 1,095,000 1,500,000 6,000,000 43,92.300 84,441,100
6 Funded debt unmatured ............................ 27,333,000 1-,6'40 ,600 35,324, 400 .. 5,200,000 32,271,220 74,955,050 97.600
7 Other long-term debt .............................. ... ... 7.37Z 2,309 676 5,186, 65 18,537,900 15,684
8 Total long-term debt ................... 27,333,000 10,6'40,600 35,331.772 2,309, 76 10,386, 5 50,809,120 74
9 Grand total capitalization ....................... 30,333,000 19,731,700 51,831,772 3,04, 676 11,886 465 56,809,120 118,097.350 S4,
10 Railway operating revenues ....................... 2,995,118 6,759,524 18,423,273 3,814.513 7,890,629 20,660,599 46,372 a as,
11 Total maintenance expenses ....................... 574,413 2,590,686 7,511,502 647,428 1,370,442 6,824,59z 16,813,66 24,924
12 Railway operating expenses ...................... 1,2 5,0 5,525,382 14851,592 1,964,037 4,911,719 14,989,564 34,812 ,10 62,377,4
13 Railway tax accruals ............................. 458,459 356,912 600,000 124,489 102,828 966,609 1,608,000 7,671,
14 Railway operating income ......................... 1,291,429 873,084 2,966,552 1,2 .260 2,970,468 4,701,075 9,959,899 18,746,352
1 equipment and joint facility rents ............... d 51.358 97,412 326,426 M 29 1,248.577 d 1.604.91 d 884 595,557
16 Net railway operating income ..................... 1. 20,2 01 970,496 3,292,97' 1,2,91 1,721,891 39 19,331909
17 Other income ..................................... 4,645 76,478 138,078 14,33 96197 5.7 5,
18 Total income ........................... 1,288,716 1,046,974 3,431,056 1,305,794 1,818,66 3,756,321 15.713,' 24,982,137
19 Rent for leased roade .... 19,000 373,500 ... 42,248 7,392 1,952,169 6993.306
20 Interest on funded debt .......................... 1,225,697 457,846 1,659,055 ... 572,588 2.127,578 3,641,311 5:956
21 Interest on unfunded debt ........................ 1,435 812 1 ,900 100,826 915 4.360 223,206 63.351
22 Total interest accrued.................. 1,227,132 4558,65 1,674,955 100,826 573,503 2.131,938 3-964,517 69207
23 Other deductione .................................. 60,818 3,7 54,306 1,146,951 1,186,529 1, 543,978 1,593,386 51,36
24 Total deductions ........................ 1,287,950 2,102,761 1,247,777 1,802,280 3,b83,304 7,41Q,072 7,113,99
2 Net income .......................... ............. 766 565,575 1,328,295 58,017 16,386 73,013 ,303,277 17,968,239
26 Dividend appropriations of income end surplue:
(a) Common............................. ... 420,000 43,800 3,936,902 11,821,754
(b) Preferred........................... ... 89, b13 360,000 ... ... ...
27 Total appropriations of income ................... ... 89,613 ... 4 s.. 4"5.32 12,514,950
28 Income balance transferred to profit and lose .... 766 475,962 1,328,295 ,,217 1386 73,013 7,87 5,35 299

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) .......................... 9.9 0.7 20.2 32.2 12.6 10.6 36.5 99.9
4 Preferred stock (4 to 9) ....................... 45. 11.6 ... ... ..
Total capital stock (5 to 9) ......... 9.61 31. 12. 1.6 36.5 99.9
6 Funded debt unmatured (6 to ) ................ 90.1 53.9 62.2 43.8 56.8 63.5 0.1
7 Other long-term debt (7 to 9 ........... 67.8 43.6 32.6 ...
8 Total long-term debt (8 to 9 ............... 90.1 53.9 6i.2 67.8 87.4 89.4 63.5 0 1
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) ...... 19.2 38.3 40.8 17.0 17.4 33.0 36.3 28.1
12 Railway operating expenses (12 to 10) ...... 41.6 81.8 8o.6 51.5 61.o 726 75.1 70.3
14 Railway tax accruals (13 to 10) ................ 15.3 5.3 33 3.3 1.3 4.7 3.4 8.6
1 Railway operating income (14 to 10) ............ . .1 12.3 16.1 45.2 37.7 22.7 21.5 21.1
15 Lquipment and joint facility rents (15 to 10) .. 1.4 1.8 ... ..7.. ... 7
16 Net railway operating income (16 to 10) 41.4 14.3 17.9 33.8 *21.8 15.0 21.4 21.8
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 3-8 7.3 4.0 1.1 5.3 17.6 36.a 22.6
19 Rent for leased roads (19 to 18) ............... 1.8 10.9 ... 2.3 0.2 12.4 29.0
20 Interest on funded debt,(20 to 18) ......... 95-1 43.7 48.3 ... 31.5 56.7 23.2
21 Interest on unfunded debt (21 to 18) ........... 0.1 0.1 0.5 7.7 0.1 0.1 1.4 0.3
22 Total Interest accrued (22 to 18) ...............2 43.8 48.8 7.7 31.6 56.8 24.6 0.3
24 Other deductions (2 to 18) .:.:................. 94.7 o.4 1.6 87.9 65.2 41.1 102o.2
2 Total deductions 2 to 18 .......... 99.9 46.0 61.3 95,6 99.1 98.1 47.2 28.5
25 Net income (45 to 18) .......................... 0.1 54.0 38-7 .4 0.9 1.9 52.9 71.5
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) -... 15.8 75.5 *** ... 5.1 70.0
28 Income balance transferred to profit and
loss (28 to 25) .............................. 100.0 84.2 100.0 24.5 100.0 100.0 94.9 30.o

see also New Engiand Region and Northwestern Region for this system.
Including trackag rights.
4 Deficit or other reverse item.






12 INTERSTATE COM CE COMMISSION
2760 BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROx PRELIMINARY REPORTS OF CLASS I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TIE YEAR ENDED DECEMBER 31, 1926



Great Lakes Region
Detroit & Erie Systm: L
Item D e &ho Toledo .. ... .
ackinac Shore Line Chicago & Erite Je u hana Ri y. a
Ry. Go. R. R. Co. Co. R. R. Co. && Western Co. R. R. o.
R R. Co. R. R. Co.

1 Miles of road owned (single track) ............... 377.78 47.49 24957 8 346 136. 74.60 176.25
2Average miles of road operated* .................. 375.43 50-70 269.56 2,047.6 47 3.7 9.0290
Common tock..................................... $2,000,000 428, $100,000 $112, 1,00 $1,40,00 $12,1631 $4,707000 $6
4 Preferred took .................................. 950,000 ... 63,904, 787, 12 964,
5 Total capital stock .................... 2.950,000 1,428,o000 100,000 176.386,300 2.22,60oo 25.781.163 4 ,000 6 ,000
6 funded debt unmatured ............................ 2.750,000 3.300,600 22,300,000 212,692,035 1,025,960 12,831943 ... 675
7 Other long-term debt ............................. ...... 12.339,236 ... 82,650 ... 7,321
8 Total long-term debt................... 2, 750,000 3 0.600 34,639,236 212,692,035 1,108610 12,831, ... 6,722,321
10 Railway operating revenue ....................... 1,625.950 4,781,204 14,899, 485 110.574, 019 1,602299 5,007,416 3,56784 5662328
11 Total maintenance expenses ...........* *....... 759827 96, 64 3,305 ,082 41,109798 469, 10 1,444,19 7
12 Railway operating expenses ....................... 1,48,31 2,4,4 8,787,244 90,396,252 1.398,606 4014411 2,34112 3,9
1 Railway tax accruals ............................. 112,760 327,272 517,687 4.350,583 40673 325,48 20379 .
1 Railway operating income ......................... 63,910 2,108,122 593,938 15,792,532 161,742 667,133 1,020,9 1,668,319
15 Equipment and joint facility rents ............... 70.266 d 1.057.562 d 735,212 d 397.498 d 167.704 d 39,117
16 Net railway operating income ..................... 134176 1,050,560 1,52,79 16,527,44 22 6 49942 1,707436
17 Other income ..................................... 13,721 55361 109,159 7.650.945 P7/ 59,046 40, 29.99
18 Total income ............................ 147,897 1,105,921 1,634,138 24,178.689 d 219,278 558,475 731,720 1.737.486
19 Rent for leased road ........................... ... ... 68 4,681 2,340,451 .. 24,117 ...
20 Interest on funded debt .......................... 110,000 138,119 1,505356 10,161,815 50,721 636,152 525
21 Interest on unfunded debt ........................ 5.938 135 1324 936,488 4 1,135 49 94
22s Total interest accrued ................. 115,938 138, 254 1,51,601 11,09303 50,725 63727 49 343,665
2 Other deductions ................................. 2,184 151 30 ,856 626,542 906 10 5,7436 7 29,717
2 Total deductions ....................... 118,122 138,405 1,634,138 14,065,296 51,631 764,840 56 332
25 et income ....................................... 29,775 967516 ... 10.113.393 d 270,909 d 20665 731.134 l1,3 44
26 Dividend apropriations of income and surplus:
a ommon .............................. ..*564,840 1,360,000
b) Preferred .......................... ... ... ... ...
27 Total appropriations of income ................... 48,245 ...... 1368,901 ... ... ... 8,919
28 Income balance transferred to profit and lose .... 1470 967,516 ... 8,744,492 d 270,909 d 206,65 731,134 1.355.125

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
eCommon stock (3 to 9) .......................... 35.1 30.2 0.3 2.9 4.2 33.2 100.0 50.3
-.- 3. 3. 10, 5.
Preferred stock ( 4 to 9) ....................... 16.7 ... ... 16. 23.6 33.6 ...
5 Total capital tock (5 to 9) ...................1.8 30.2 0.3 45.3 66.8 66.8 100.0
6 Funded debt unmaturxed (6 toD )................. .2 69.8 64.2 54.7 30.7 332
7 Other long-term debt 7 to 9 ..................... ... 35.5 2.5 ... ...0.1
8 Total long-term debt (6 to 9) ........ ...... 48.2 69. 99.7 54-7 33.2 33,2 .. 49.7
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 101 46.7 20.8 22.2 37.2 29.3 28309
12 Railway operating expenses (12 to10 89.1 490 59.0 81.7 87.3 80.2 65.
1 Railway tax accruals (13 to 10) .................. 6.9 6.8 3.5 9 2.5 6-5 57 5.2
1 Railway operating income (14 to 10) ............ .9 44.1 37.5 14.3 10.1 13.3 28.6 29.5
15 Equipment and joint facility rents (15 to 10) 4. 0.7 .... .0.7
16 Net railway operating income (16 to 10) ..8...... 8.2 22.0 10.2 15.0 ... 10.0 19.k 30.2
Per cent of Total Income: (Item 18)
17 Ot er income (17 to 1) ........................ 9.3 5.0 6.7 31.6. 1 5
19 Rent for leased roaes (1 to 18) ................. 5.2 9.7... ...
20 Interest on funded debt (20 to 18) 74.4 12.5 92.1 42.0 ... 113-9
21 Interest on unfunded debt (21 to 18) ...........4.0 ... 0.8 3.9 ... 0.2 ... 05
22 Total interest accrued (22 to 18) ........... 78.4 12.5 92.9 45.9 ... 114.1 ... 19.8
2 Other deductions (2 to 18) .................... 1.5 .1.9 2.6 ... 18.5 0.1 1.7
24 Total deductions (24 to 18 ....................79.92.5 100.0 2 ... 137.0 0.1 21.5
25 Net income (25 to 18) .......................... 20.1 87.5 ... 18... 99.9 78.5
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ...... 162.0 ... ... 13.5 ... ... 0.7
28 Income blance transferred to profit and ..
loss (28 to 25) ............................. ... 1o.0 ... 86.5 ... oo.o 99

Including trackage rights.
d Deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLASS I BTEAM RAILWAYS (NOT INCLUDING SWITCING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 192O



Great Lakes Region

Lehigh Hve New Tork Central Line,: g e ok
Item Va l e M nonga..M n o a or L ROWga ow York?82 L inesj Ch ca o

aoleyr l R. R. Co. R. R. Go. R. Ri. Co. R. R. Co.
R. A. 00.. o..t~

1 Miles of road owned (single track) ............... 27.66 81.26 54.12 20. 1,184.54 3,7.6 1.6.21
2 Average miles of road operated* .................. 1,3 3.76 130.46 57.35 1,855-98 6,928.0 2 1.95
3 common stock .................................... $60,501,700 $ 5,000.000 45,100,000 $ga, 418,73, g,0 $35235 $ 9,60
4 Preferred stock ..... 10,300 ...0...... .. ..00
5 Total capital stock ................... 60,608,000 5,000,000 5,100,000 5s,117,983 18,736,400 33.258.23Z 55,600 7,3 oo
6 Funded debt unmatured ............................ 77,250,000 6,320:100 2,348,000 28,905,000 73,968,942 694380,12 5 319,oo
7 other long-term debt ............................. ... 3. 0,000 ... ..4 ..,000
8 Total long-term debt ................... 77,250,000 9,.770,100 2,48,000 28,905,000 73,968,942 694,324 119 000
9 Grand total capitalization ....................... 137,8 ,000 14,770,100 7, 702000, 92, 42 10,0 89
T0 Railway operating revenues ....................... 80,3150 6,732,173 1, 9 1 S 43 3 48 3
11 Total maintenance expenses ........................ 26367,509 1 575,391 823, 1 2 592 1
12 Railway oneratinp expenses ....................... 60,9,636 3,54,640 1168 10,9 004 6 9 03
13 Railway tax acruale ............................. 4,193,976 341,5o 46 5 5 a 2
14 Railway operating income ......................... 15,288,738 2,4 2,d6610 8 24:,62 6 231
l5 Ecuipment and joint facility rents ....d..1....6.13 d 61.98 d 94.1 : ,Q~o '71
16 Net railvay operating income ..................... 7
17 Other income ..................................... 3,164,021 88,942 25,591 379,0 1, a 09,028593
18 Total income ........................... 16,966,626 2,019,026 345,038 2,187,1 25,328, 101 2 ,9 13
19 Rent for leased roads ............................ 2,342,039 137,266 211,000 2: 53 11
20 Interest on funded debt ......................... 3,529,005 507.993 114,936 1,159,625 31 7 169 29 ,26397 53
21 Interest on unfunded debt ............................ 62,13 116 2 0 9,688 62 9 3
22 Total interest accrued ................. 356,129 508,109 114,939 1,181,927 3,426,856 29,3) 6 9,
23 Other deductions ................................. 1,041,345 4,070 12,075 19,120 201,87 1.9170 1 2
24 Total deductions ....................... 6,945,513 649,445 127,014 1,412,047 6,364 61l 455 7 ,4 5,6
25 Net income ....................................... 10,021,113 1,369,581 218,024 775,128 18,963,899 55,664 7, 0
26 Dividend appropriations of income and surplus;
a Common ..................... 6,050,170 400,000 581,003 6,557,740 26,827,815 7,197.120 3,3)764
(b) Preferred .. ..... .... 10,630 ... 192 ... 159615
27 Total appropriations of income ................... ... 256,830 ... 6,5 740 26, 972,994 7,197,120 4,985-925
28 Ircome balance transferred to profit and lose .... 10,021,113 1,112,751 218,024 775,128 12,0159 28:691,0 7 641,522 3,080,383

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... 43.9 33.8 68.5 66.8 20.2 35.6 81.2 23.2
Preferred stock (4 to 9) ....................... 0.1 .... 165
Total capital stock (5 to 9) ..................... 44.o.0 68.5 66.6 20.2 35.6 81.2 39.7
tFunded debt unmature (6 to 9) ................. 56.0 2.9 31.5 33.2 79.8 64.4 18.6 60.1
7 Other long-term debt (7 to 9 .. 23.4 ...... 0.2 0.2
8 Total long-term debt (8 to ........... 56.0 66.2 31.5 33.2 79.8 64.4 18.8 60.3
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .......... 32.8 23.4 71.3 33.2 31.0 34.6 .2 32
12 Railway operating expenses (12 to 10) .......... 75.8 52.6 101.2 78.5 68.0 74.8 0.5 72.8
11 Railway tax accruals (13 to 10) ................ 5.2 5.1 4.2 4.1 6.3 6 6.3 5.4
14 Railway operating income (14 to 10) ............ 19.0 42,3 ... 17.4 25.7 18.4 13.2 21.7
1 Equipment and joint facility rents (15 to 10) ... ... .33.3 ... ... ..* 13.6 ...
1 Net railway operating income (16 to-10) ........ 17.2 28.7 27.7 12.9 24.7 18.1 26.8 18.5
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 18.6 4.4 7.4 17.3 7.0 28.7 13.5 26.0
19 Rent for leased roads (19 to 18) 13.8 6.8 ... 9.7 10.8 14.1 7 .
20 Interest on funded debt (20 to 18). 20.8 25.2 33.3 53.0 13.5 28.9 Z.5 39.3
21 Interest on unfunded debt (21 to 18) ........... 0.2 ... ...0.1 2.1 07
22 Total interest accrued (22 to 18) .............. 21.0 25.2 33.3 54.0 13.5 29.0 6.6 40.0
23 Other deductions (23 to 18) .................... 6.1 0.2 3.5 0.9 0.8 1.9 12.0 1.2
2 Total deductions 2 to 18 .................... 4o.9 32.2 36.8 64.6 1 45.0 25.8 41.3
Ns et in com (2 to 18) 52.2 63. 35.4.
25 Nicm25 5 o1) .......................... 59167.8 632 35.4 74-9 55.0 74. 58.7
Per cent of Bet income: (Item 25)
27 Total appropriations of income (27 to 25) ......... 18.8 ... ... 34.6 48.5 91.8 61.
28 income balance transferred to profit and
lose (2s to 25) .............................. 100.0 81.2 100.0 loo.o 65.4 51.5 .2 38.2

Se lso New ingland Region for this eyetem.
see also Central Eastern Region f--r this system.
Including trackage rights.
d Deficit or other reverse item.






14 INTERSTATE COMMERCE COMMISSION
2760
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLABS I STEAM RAILWAYS (NOT INCLUDING SWITCHIING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1926



Oreat Lakes Region

Pittaburgh Pittburg, Wabash stem:
Item Pere Pitt sbirg & & Wes Sbawm~ut & Ulster &
Marquette Shawmut Vrna Nor thern Delaware Ann Arbor Wabash
Ry. Co. H.R. Co. Ry. Co.L R. R. Co. R. R. Co. R. R. Co. Ry. Co.

1 miles of road owned (single track) ............... 1,76 .64 102.96 e9.01 160.96 128.8g 298.29 2,041.22
2 Average miles of road operated* .................. 2,24453 102.96 92.34 205.50 ls2.9 293.46 2.524.20
3 Common etock ..................................... $45,o46,OO $15,000,000 $31,315,100 $15,000,000 $1,900,000 $3,250,000 $G6,677,775
4 preferred stock .................................. 23.629,000 ... ... ... 4000,000 7115,192
d Total capital stock .................... 68,675,000 15,000,000 31, 15,100 15,000,000 1,900,000 7,250,000 13992,967
Funded debt unmatured ............................ 52,003,000 9,481,000 4 77000 ... 3,000,000 13.255.925 112.724:95
7 Other long-term debt ............................. ... ... 6,320,000 1,813,000 ... 175,000
8 Total long-term debt ....................52,0o3ooo ,100 10,797,000 0 )00,000 13,09
9 Grand total capitalisation....................... 120,678,000 24,481,000 42,112,100 16,813,000 4,900,000 20,680,925 251217,823
10 Railway operating revenues ....................... 45.799,700 1,672,914 5,156,484 1,939,831 1,242,253 5 2882293 71,93.341
11 Total maintenance expenses ....................... 14,396,504 713,128 1,416,;70 05,672 389,013 1,846,299 22,316,694
12 Railway operating expenses ....................... 31,886,0l1 1,279,784 2,902,850 1,613.932 1,093,63 4.445:259 52,t65.690
13 Railway tax accruals ............................. 2,409,488 15,102 705,922 34,051 69,054 289,140 3.429,692
14 Railway operating income ......................... 11,490,298 378,028 1.547.563 291,775 79,559 1,147.286 15,790,598
15 Equipment and joint facility rents ............... d 1 6 0 4 126,276 1,165, 78 d to e d 4 d 3. 22
16 Net railway operating income ................504,304 2,713,041
17 Other income .................................... ... 578,996 199,923 1,719,421 20,801 1,610 17,805 1,262 o
18 Total income ........................... 10,372,220 704,227 4,432,462 207,691 32,879 987,298 13,824,453
19 Rent for leased roads ............................ 31,309 ... 505,439 3,000.... 3G3,259
20 Interest on funded debt .......................... 2,562,520 475.504 1,283,664 129,251 110,000 442,985 5 027,594
21 Interest on unfunded debt ........................ 3,228 6973 32 587 98 z,041 35,495 70,295
22 Total interest accrued ................. 2,565,748 542,477 1,2E3,992 71719 142,041 539,480 5,101,882
23 Other deduction, .................................. 23,159 11307 25 550 2,678 21535 2'.854 141,8
24 Total deductiones......................... 2,670,216 553,784 1,814981 722,827 144,576 r64,334 5,60,9o
25 Net ince .......................... .... 7.702,o00 150, 443 Z,617, 81 15,16 22,9
26 Dividend appropriations of income and surplus:
(a) Common ........................... 3.,603,680 ... 1,814,106 ... ...
(b) Preferred ........ ............... 1181,450 ... 3,458,426
27 Total appropriAtions of income ................... ... 143,948 1,814,106 ...
28 Income balance transferred to profit and loes .... 7,702,004 6,495 803,375 & 1 d 111,691 42,964 8,217,488

Ration of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... 37.' 61.3 74.4 89.2 38,8 15.7 265
Preferred stock (4 to 9) ....................... 1... 1. 2.6
Total capital stock (5 to 9) .................. 6.9 61.7 74.0 9.2 38.8 31 ,
6 Funded debt unmatured (6 to 9) ..........1....... 37 10.6 .61.2 6 .1 .923
7 Other long-term debt (7 to 9) .. 15.0 10.8 ... 0.
8 Total long-term debt (8 to 9) ..... 43.1 38.7 25.6 10.9 61.2 64.9 4.
Per cent of Railway Operating Revenues; (Item 1o)
11 Total maintenance enenes (11 to 10) 31.4 2.6 27.5 41.5 31. 31
12 Railway operating expenses (12 to 10) 69.6 76.5 56.3 83.2 88.0 73.
1 Railway tax accruals (13 to 10) ................ 5.3 09 13.7 1.8 4.9 4.8
1 Railway operating income (14 to 10) ............ 25.1 22.6 30.0 15.0 6.4 19,5 2.0
1 Equipment and joint facility rents (15 to 10) .. 7.5 22.6 ... ...
16 Net railway operating income (16 to 10) ........ 21.4 30.1 52.6 9.6 2.5 16.5 17.5
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 5.6 28.4 38.8 10.0 4.8 1.8 9.1
19 Rent for leased roads (19 to 18) ............... 0.8 ... 11.4 1.4 7
20 Interest on funded debt (20 to 18) .......... 24.7 67-5 29.0 62.2 425.; 3
21 Interest on unfunded debt (21 to 1) .....9.5 ... 283.1 62
22 Total interest accrued (22 to 18) .............. 247 7. 29.0 O- 3205. 36.9
24 Other deductions (2) to 18) .................... 0.2 1.6 0.6 1.3 7.7 2.6 1.0
25 Total deductions (24 to 18) .................... 25.7 79.6 41.0 3548.0 439.7 57.2 4o.6
Net income (25 to 18) ........................- 7 .3 21.4 590 ... 12-3?:
Per cent of Net income: (Item 25)
27 Total appropriations of income (27 to2) ... 95.7 69.3 .,. ., ,. .
28 Income balance transferred to profit and
las (2 to 25) -.............................. 100.0 4.3 30.7 ... ... 100.0 100.0

Includes data for West aido Belt A. 2. o.
Including trackage right.
d Leficit or other reverse item.





INTERSTATE COMMERCE COMMISSION .2mo
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LA TEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 1926


Central Eastern Region

Akron, Cincinnati, t aten Buffalo & Ohio S Chicago &
Ininpoi Eand Be ]lea SusqueItem Canton & Baltimore Idianspol ll Baemi Su Hk
Youngstown & Ohio & Weste Rapid LR.eR. hanna R. R backing s
Ry. Co. R.R. Co. R.R. Co Tranit R, corporation Valley R o

1 Miles of road owned (single track) .... ..8.9.9 4,988.80 308.6) 23.51 2134.86 81.32 02
2 Average miles of road operated* .. ................. 171.34 5,291.68 347.02 23.54 228.03 25354 34857 13
Common stock ..................................... $1,500,000 $151,945,353 $5,350,000 $1,550,000 $10,699,200 $3,000o,00 $10,999'0 $a3 9 00
Preferred stock ................................... ... 58.863,181 5,350,000 ... 2,000,000 4,000,000 220.
5 Total capital stock .................... 1.500,000 210,808,534 10,700,000 1,550,000 12,699,200 7,000,000 10999500 45,91,400
6 Funded debt unmatured ............................ 3,250,000 575,537.241 5,075,000 511,000 15.305,000 4,656,ooo 26162,000 42,06036
7 Other long-term debt ............................ ...... ...... .0.4.575 -- 35 ,
8 Total long-term debt .................. 3,250,000 575,57,241 5,075,000 8,915,575 15,305,000 4,656,035 26.172,128 42,oa6.036
9 Grand total capitalization ...................... 4750,000 79b.345,775 15,775,000 10.465.575 28,004,200 11,656 035 37.171.628 87.917,436
10 Railway operating revenues ....................... 3,313.8 177 252,361,830 4.940,769 3,212, 7 16,972,124 1,30749 195.258 28,51,750
11 Total maintenance expenses ....................... 970,663 814.965,780 2,644,08 860,455 5,108,349 821,40 7, .531 10,26,147
12 Railway operating expenses ....................... 2,237,} 64 186,306.274 5,004103 2,404,48 9,867,893 1,386,305 13,826,111 22.605950
13 Railway tax aocruale ............................. 216,900 11,843,416 219,445 199,428 1,33,202 26,130 1,331,760 1,642000
1 Railway operating income ......................... .,82 5),978,93 d 28 605,786 5,7614,880 d 1001 439 3.993866
1 equipment and joint facility rents ............... d4 1 d 31730 4 ,001 5213 14
16 Net railway operating income .....................5..38.55 5 6,291,o6 49,398 T.
17 Other income ..................................... 76,217,09 2 210, 1,21,204 27.712 2 422
1 O Total income ........................... 515,073 57.899,81 1 706151 364,729 7,5 2,267 77110 44 30307a4
19 Rent for leased roads ............................ 87.951 93,794 ... 94659 2 39.72 154749
20 Interest on funded debt ............................. 175,219 27, 9,e62 209,181 344.9Z6 795,6" 188,833 1.2 .946 2,177,113
21 Interest on unfunded debt ........................ 283 369,617 16,942 26 391 3,668 ,44 12637
22 Total interest accrued ................. 175,502 27,808,879 226,123 345,204 so00,079 192,501 1,634, 90 2,189750
23 Other deduction ................................. 1.. ,13,914 1,002,852 9,520 Z525 24,270 11,326 23,790 41, 30
24 Total deduction ....................... 277, 67 29,405,525 26,953 364729 1,779,00 203,829 16, s 2.396,429
2 Net income ................................... 237,706 28,494,294 4 3.3 ... 5,763,259 4 126,719 2,746,459 .644355
26 Dividend a propriations of income and surplus:
a) Common ............................. 240,000 9,116,725 ... ... 2,307,976 ... 1,319940 .
b) Preferred .......................... ... 2,354,528 ... ... 120,000 160,000ooo .....
27 Total appropriations of income ................... 164,035 6,580,683 ... 419,976 74.822 4.652 225.450
28 Income balance transferred to profit and lose .... 73,671 21,913',b11 ... 5,343,283 4d 201511 2741,80 41S,

Ratios of Items

Per cent o f Grand Total OCapitalization: (Item 9)
Common stock (3 to 9) .................. ........ }31.6 19.3 33.9 14.8 38.2 25.7 29.6 27.1
Preferred stock (14 to 9) ....................... ... 7.5 33.9 ... 7.1 34. ... 25.1
5 Total capital stock (5 to 9) ................... 31.6 26.8 67.8 148 45.3 60.0 29.6 52.2
6 Funded debt unmatured (6 to9 ) 68.4 73.2 32.2 52.7 54.7 4o.o 70.4 47.8
7 Other long-term debt 7 to .......................... 32.5
Total long-ter, debt (8 to ) ................ 6I 72 32.2 5 4
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 29. 33.7 53.5 26.8 30.1 62.8 38,0 36.4
12 Railway operating expenses (12 to 10) 67.5 73.8 101.3 74.9 58.1 106.0 70.7 80.0
1 Railway tax accruals (13 to 10) ................ 65 4.7 4.4 6.2 79 2.0 6. .8
ailway operating income (14 to 10) ........... 25.9 21.4 18.9 34 225 1
15 Equipment and joint facility rents (15 to 10) ... ... 3.1 11.8
S Net railway operating income (16 to 10) ........ 13.2 20.1 ... 4. 37.1 3.8 21.5 9.2
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 14.8 12.3 ... 57.8 16.6 35.9 5.6 13.9
19 Rent for leased roads (1 to 18) ............... 17.1 1.0 ... 12.7 0.9 5.1
20 Interest on funded debt 20 to 18) ............. 3.0 47.4 94:5 10.5 244:9 29.1 71.8
21 Intereat on unfunded debt (21 to 18) 0.1 0.6 0.1 0.1 4. 7.7 .4
22 Total intere accrued (22 to 18) .............. 34.1 48.0 ... 94.6 10.6 24 36. 72.
23 Other deductions (23 to 18) .....................2.7 1.8 ... 5.4 0.3 14.7 0.5 1.4
24 Total deductions 24 to 18)9 0.8 100.0 23.6 264.3 38.2 78.7
25 Net income (25 to 18) .......................... 1 49.2 76,4 61.8 2l.3
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ...... 69.0 23.1 ...... 7.3 ... 0.2 350
28 Income balance transferred to profit and
lose (28 to 25) ................-.-............. 31.0 76.9 ...... 92.7 ... 998 65.0

Includes data for Staten Island Ry. Co.
SIncludes data for Pittaburg, Besaemer & Lake rie R. R. Co. and
Meadville, Conneaut Lake & Lineaville R. R. Co.
See also Pocahontas Region for this system.
Including trackage rights.
d Deficit or other reverse item.






16 INTERSTATE COMMERCE COMMISSION
2760BREAJ OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FR1OM PRELIMINARY REPORTS OF OLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1926



Central Eastern Region
Ne Twk Central Linea.-r Pennsyviuis, System.,
Chicago & Chicago, Detroit, Elgin, Cleveland, Eransvill
Item Illinoie Indianapolis Toledo Jollet & Cincinnati Cincinnati, *a sa e
Midland & Louisville Ironton Eastern Northern Chicago & I Tndin aot Ceaneae RLng.ZCan
Ry. Co. Ry. Co. R. R. Co. Ry. Co. R. R. Co. Saint Louis & y T e o & aCoR

1 Miles of road owned (single track) ............. 30.68 618.13 39*32 195.13 205.14 1,694 77 87-77 387
2 Average miles of rood operated* .................. 105.70 648.09 486.91 460.57 244.23 2,39732 1%.a6 130.76 101.
3 Common took .................................... $1,600,000 $10,500,000 $6,500,000 $10,000,000 $3,000,000 $47,028,700 $4.290,000 $1,000,000 $34,110,2
Preferred stock .................................. 5,000,000 5.989,948 .** 9,998,500 1,500000
5 Total capital stock .................... 1,600.000 15,500,000 12, 489,948 10,000,000 3,000,000 57,0a7,200 4,290,000 a,00000 3 .
6 Funded debt unmatured ............................ 4,460,000 29,940,466 4,293,200 13,315,000 2,198,000 157,266,742 1,000 5
7 other long-term debt ............................. 1,015,000 ... ... 1,931,768 ,719 a,526,1 ,
a Total long-term debt ................... 5475,000 29,940,466 4,293,2oo 13.315,000 2,198,000 159,098,510 60,7i9 3.916.5 61,005,723
9 Grand total capitalization .................... 7,075,000 45,44o,466 16,783,1t8 23,315,000 5,198,000 216:125,710 4,950,719 6316,i 100,115,973
10 Railway operating revenues .................... 1,471,041 18,598,066 12,891,530 26,432,112 4,808,433 94,539,987 2,627,3o6 1,4 39,649,538
11 Total maintenance expense, ....................... 575,598 5,667,035 4,541,222 7,824,009 1,377,583 31,069,864 751,104 518.437 11,405.595
12 Railway operating expenses ....................... 1,222,729 13,327,121 8,793.104 17,275.369 3,114,683 70,058,665 1,700,232 1,528,592 29.007.593
14 Railway tax accruals ........... ...... 14,919 1,055,470 760,892 1,429,750 330,033 5.384,906 81,146 50,54 2,151,527
1 Railway operating income ...................... .... ..9,210 4,212,721 3,334,926 7,726, 301 1,363.541 19,066,716 845586 d 15 6 8,491,271
15 Equipment and joint facility rents ............... 224.732 4 1,21_,2. d 2d10 49 011 2 649 a42
16 Net railway operating income ...................... 373,962 22979J150 2,0,275 5657,61 0b117 16,5272612
17 Other income ..................................... 70,115 118,489 91.589 365.716 35,498 1,486.476 8,215 1 790,783.
18 Total income ........................... 444,077 3,097,629 2,166:864 6,023,077 1,091,615 20,013,722 394,635 LA 111alg 6,623,012
19 Rent for leased roads ............................ 116,850 40,826 391,247 3,257,925 ... 552,258 60,001
20 Interest on funded debt .......................... 270,370 1,350,266 229,00 685,075 102,066 7,484,068 19,811 164,541 3,055459
21 Interest on unfunded debt ........................ 2 947 4,751 121,736 958 392 76,342 50,339 47 104,430
22 Total interest accrued ................. .271,317 13355,017 350,743 686,03 102, 58 7,560,410 70,1 164, 3,159,
23 Other deduction ................................. 54,030 12,146 15,601 18,5 5 6.579 505,770 193 46.661 259 052
24 Total deductions ....................... 42197 1,407,999 757,591 3,962,503 109,037 8,618 438 70,343 211.249 3,47.84 2
25 Net income ...................................... 1,8 0 1,689,640 1.409.273 2,060,574 982,579 11.395:294 324:292 43444 3,144,170
26 Dividend appropriations of income and surplus:
a common ............................. 734,790 ... 600,000 300,000 3,292,009 ... ...
(b Preferred ...199,652 ... ... ... 499,925 ...
27Tta oporations of icm..300,000 3,839,355 ... 400 537
28 Income balance transferred to profit and lose .... 1,880 1,689,640 1,69,273 2.00,574 682,578 7,555,929 324,292 d&41 3,143,633

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .......................... 22.6 23.1 38.7 42.9 57.7 21.8 86.7 15.8 34.1
Preferred stock (4 to 9) ....................... 11.0 4.6 28
5 Total capital etock (5 to 9) .... ............... ...... 22.6 34.1 7 42.9 7.7 26.4 86.7 39.6 34.1
6 funded debt unmatured (6 to 9) 63.0 65.9 25.6 57-1 .3 72.8 20.4 58
7 Other long-term debt (7 to 9) 14.4 ... ... 0.8 13.3 40.0 7.4
8 Total long-term debt (8 to 9) ... 77.4 65-9 25.6 57.1 42.3 73.6 13.3 60.4 65.9
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) ... 39.1 30-5 35.2 29.6 28.6 32.9 2$.6 36-3 28.8
12 Railway operating expenses (12 to 10) 83.1 71.7 6.2 65.4 64.6 74-1 64*7 107-1 73.2
1 Railway tax accruals (13 to 10) ................ 6.5 5.7 5-9 5.4 6.9 5.7 .1 35 5.4
1 Railway operating income (14 to 10) ..... 10.1 22.6 25.9 29.2 28.3 20.2 32.2 21.4
15 Equipment and joint facility rents (15 to 10) .. 156 .
16 Net railway operating income (16 to 10) ...... 25.4 16.0 11 1.4 21.91 14.1.7
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 15.8 3.8 4.2 6.1 3.3 7.4 2.1 ... 11.9
19 Rent for leased roads (19 to 18) ............... 26.5 1 18.1 54.1 2.8 ... ... 0.9
20 Interest on funded debt (20 to 18) ............. 60.9 43.6 10.6 11.4 9.4 37.4 5.0 46.1
21 Interest on unfunded debt (21 to 18) ........... 0.2 0.2 6 ..4 12.8 1.6
22 Total interest accrued (22 to 18) ....... 61.1 43, 16.2 11.4 9.4 37.6 17*$ *** 47.7
tOther deductions (1 to 18) ....1.007................ 1.. 0 ..6 2.5 ... 3.9
P Total deductions (24 to 18) .................... 996 4-5 35.0 6 .8 10) 4 .1 17i .5
25 et income (25 to 19) ... ..4 5 .5 65.0 3Z.2 90: N6.9 822 .7.5
Per cent of ?'et Income: (Item 25)
27 Total ap priations of income (27 to 25) .... ... ... ... 30.5 3' ...
28 income balance transferred to profit and
lose (28 to 25) ..............................1Q.0 100.0 100.0 10.0 69.5 66.3 100.0 ... 100.0

See also Great Lakes Region for this system.
Including traokage rights.
d Deficit or other rewarse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLAS ISTEAM ALWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 1920



Central Eastern Region
SPennsylvania System:-Cont'd. Reading System:
Item Pennyl- West Jersey Atlantic Central Perkomen R tng Reading Ma
vania & Seashore City R.R. Co. of R.o. Reading Co Co.oCo.
R. R. Co.. R R. Co. R. R. Co. New Jersey R. R. Co.

1 Miles of road owned (single track) ............... 3,033.59 341.03 161.27 390.01 38.21 19.71 547.74 6272 479.6
2 Average miles of road operated* ................. 10,527.01 378.97 161.27 690.90 41.1 19.71 1,135.17 .44 11.60
SCommon stock .................. .......$499,265,700 $11,556,450 $2,620,100 $27,436,900 $1,500,000 $2,000,000 $69,gg 49426, $33,61.300
4 Preferred stock .................................. ... 9,250 1,000,000 ......... 69,9b1,850 27741 22.279
n Total capital stock .................... 499,265,700 11,654,700 3,620,100 27,436,800 1.500,000 2,000,000 139,950,90 7.167,14 596.858
Funded debt unmatured ............................ 608,67,701 5,223.194 7,700,000 63,658,500 1,922,100 1,500,000 12157504 4,474,73 28200.700
7 Other long-term debt ............................. .,00,76 ... 325.550
8 Total long-term debt ................... 608,687,701 5,223,194 15,708,876 63,65e,500 1,922,100 r,500,000 121,900,591 64474,73 28 0,700
9 Grano total capitalization ....................... 1,107,953, 401 16,907,894 19,325,976 91,095,300 3,422,100 3,500,000 261,851,541 1414931 4,069,55
10 Railway operating revenues ....................... 709,517,450 12,925,921 4.796,784 60,171,118 1,440,281 2,476,392 99,290,16 25.259.575 20 5 99
11 Total maintenance expenses ....................... 254,242.937 4,241,526 1,378,511 21,15, 778 208,552 559,761 35.37,06 9,051161 256
12 Railway operating expenses ....................- 550,360,579 10,644,105 3911,367 45,993,621 71,068 1,534,182 73.5071 17 633 1
13 Railway tax accruals ............................. 37,110,193 944,,481 390,707 4,780,862 96,225 1 6 1
14 Railway operating income......................... 122,085,06 1,337,740 494,606 9,3185,825 562,950 762,862 2024479 658,125 4
15 Equipment and joint facility rents ......... d 1 652,310 & 17 648 d ZL9 d le261a290 d 6 4 968 d Z$2 86 1788,484 d 6190 125,717
16 Net railway operating income ..................... 106, 2,7,1 11 1 T07 20 6T3
17 Other income ..................................... 39.,890,036 118,910 55,910 2,339,617 52,827 4,836,68 18,
18 Total income ........................... .146,322,794 1,281,002 170,517 10.391.152 550,39 9, 511 26,869,551 6,263,87 4,697,o
19 Rent for leased roads ............................ 45,927,919 ... ... 2,343,873 .. ... 2,829,032 65.130 ...
20 Interest on funded debt .......................... 30,013,723 211,257 377,055 3,072,608 96,105 75,000 4,972,05 2,916,055 1137,17
21 Intereet on unfunded debt ........................ 976,810 3,903 11,278 6,655 4... 37,235 202 25,022
22 Total interest accrued ................. 30,990,533 215,160 3,333 3, 79,2-63 96,109 75,000 5,009,29 2,918,0 1162200
2 Other deductions ..............1................... 1,630,079 27,064 23,614 599,256 1.879 2,036 500104 21,334 27:4
Total deductions....................... 79,5459.531 242,224 411,947 6,022,392 97,958 77,036 8.335,429 3,004,54a 9.689
25 Net income .................................... .. 67,774,263 1,035,778 d_ 24i1 4j 4,368,760 452,851 L ld __5 18 ,531,122 3,259,339 3.507,355
26 Dividend appropriations of income and surplus:
SCommon ..... ......... .... 32,451.339 579,322 ... 3,292,416 150,000 ... 6,99,910...
(b) Preferred........ ..................... ... ... ... ... ... 2,798,474 ......
27 Total appropriations of income ................... 37,503,297 697,263 ...... 9,.329 ... 4,716,793 47 7793 100307
25 Income balance transferred to profit and lose .... 30,270,966 341,515 d 241 O 4,365,760 443,522 d 2L2 13,814,329 3,211,546 3,407,048

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) ....................51......45 68.5 13.5 30.1 43.8 57.1 26.7 349 4.
I Preferred stock (4 to 9) ....................... 06 5.2 ..... 26. 1.6 26.4
S Total capital stock (5 to 9) .................... 69.1 18 .7 30.1 43.8 .
Funded debt unmatured (6 to ) 39.9..... 54. 30.9 69.9 56.2 2.9 66.5 5 33.6
7 Other long-term debt 7 to 9 .................. ... 1... 0.1 ...
8 Total long-term debt (8 to 9 .................. 54.9 30.9 81.3 69.9 56.2 42.9 46.6 45.5 3
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 35.t 32.8 28.7 35.2 14-5 22.6 35.6 35.8 37
12 Railway operating expenses (12 to 10) ...... 77.5 82.3 81.5 76.4 54.2 62.0 7.0 68.9 71.6
13 Railway tax accruals (13 to 10) ............. 5.2 7.3 8.2 7.9 6.7 7.2 5.6 43 .0
14 Railway operating income (14 to 10) ............ 17.2 10. 10.3 15.5 39.1 30.8 20.4 26.8 2.4
1 Equipment and joint facility rents (15 to 10) .............. ... ... 1. ... .6
1 Net railway operating income (16 to 10) ........ 15.0 9.0 2.4 13.4 34.6 0.4 22.2 24.1 21.0
Per cent of Total Income: (item 18)
17 Other income (17 to 1.) ................ 27 9-3 32.8 22.5 9.6 79.6 18.0 3.0 6.3
19 Rent for leased roads (19 to 18) ........31. ... ... 22.5 ... ... 10.5 1.0 ...
80 Interest on funded debt (20 to 18) ........ 20.5 16.5 221.1 29.6 17.5 151.5 16.5 46.6 24.2
21 Interest on unfunded debt (21 to 1) .......... 0.7 0.3 6.6 0.1 ... 0.1 ... 0.5
22 Total interest accrued (22 to 18) ....... 21.2 16.8 227.7 29.7 17.5 151.5 18.6 46.6 24
2) Other deductions (2) to 18) .................... 1.1 2.1 13.9 5.8 0.3 4.1 1.9 0.4 0.6
2 Total deduction (24 to ) ................ .7 1.9 2416 .0 17.8 155.6 3.0 .o 23
25 Net income (25 to 18) .......................... 46.3 81.1 .2.0 822 ... 69.0 52.0 7.7
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) 55.3 67.1 ...... 2.1 ... 25.5 1.5 2.9
28 Income balance transferre to profit and
lose (28 to 25) .............................. 44.7 32.9 ... 100.0 97.9 ... 74.5 986.5 97 1

Including trackage rights.
d Deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION 276o BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I TEAM ALWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 192


Pocahontae Region Southern Region
Chesapeake & Richmond, Atlantic Coast Line System
Item C s orfo tlk & Fre dericks- Virginian Birmingham Atlanta & Atlanto Charleton
Chesapeake & Western b & Ry. Co. & Atlantic West Point ACoaetLin & Western Clinchfield
Ohio y. Co. Potoa y Wet t Line
Ry. Co. R. R. Co. Ry. Co. R. R. Co. R.. Co. arolina R. R. Co.

1 Miles of road owned (single track) ............... 2,646.31 2,205. 3 114.84 5o4.46 637.o6 90.86 4,790.64 340.9.
2 Average miles of road operated* ................. 2,249. 9 2,241. 117.62 545.0434250 309.29
SCommon stock ..................................... $117,051,591 $139,570,300 $14,334,400 $31,271, 500 $30,000,000 $2,463,600 $68,56,200 $1200400 ...
4Preferred stock .. ......................... ...... 1,946,700 22,992,300 / 500,:400 27.955,000 196700
5 Total capital stock .................... 118,998,291 162,562,600 14,834,800 59,226.500 30,000,000 2,463,600 68 782,900 1,200,000
6 Funded debt unmatured ............................ 193,172,224 120,067,800 8,023,300 66,062,300 8,634,120 ... 157,678,630 6, 500
7 Other long-term debt.............................. ....322, o .. 5312
8 Total long-term debt ................... 193,172,224 120,067,800 8,023,300 66,062,300 8,956,620 6 157,67,630 6190500 5,312
9 Grand total capitalization ....................... 312,170,515 282,630,400 22,858,100 125,29,800 38,956,620 2,463,600 226,461,530 7.390,500 5312
10 Railway operating revenues ........................ 133,974,01 120,409,038 12,801,738 23.878,539 5,726,345 3,173,186 97,086,517 3,862901 282,199
11 Total maintenance expenses ....................... 49, 727,346 37, 628,367 3456,099 7.509,357 2,380,270 9o40 31,53755 124.545 3,004 20
12 Railway operating expenses ...................... 90,970,788 71,226,914 8.656,356 13,239,669 5,205,906 2,443,226 90
SRailway tax accrue ............................ .. 82,40,412 11,07 ,000 858,762 1,689,100 169,249 184,.790 6.725,000 272055 970,000
1 Railway operating income ....................... 34 747. 619 38,09 ,793 3,286,241 8,948,9 8 345,016 544,182 19,637116 685,550 2,196,355
15 Equipment and joint facility rents ............... 2263 405 2,827,358 d 6212 907,747 d 199_,_14 dl 2 oI 104 7
16 Net railway operating income ..................... 7,011,02 40,922,151 2. 956,75 1 0 3 ? 359
Other inome ..................................... '. 9 9,856,7251 5
17 other income.................................2,404,394 1,508,497 262,8 9 961,282 70,914 36,768 6.391.289 5532 11 .727
18 Total income ........................... 39,415,418 42,4 30,648 2,925,805 10,818,007 216,334 322,805 23,977,096 663
19 Rent for leased roads ............................ 281,695 97,625 ..643,260 5030762, 68
20 Interest on funded debt ........................... 9,682,938 5,224,780 361,967 3,291,767 283,8 ... 7,040.598 32Q,6.
21 Interest on unfunded debt ........................ 1 ...,929 13,275 75,910 3760 44,965 214 43,313 177 1,580
22 Total interest accrued ................. 9,696,867 5,238,055 437,877 3,295,527 328,253 214 7,083.911 322:343 1 590
23 Other deductions .................................. 142,053 227,462 14,590 162,173 10,422 220 323,236 5,702 1, 96
24 Total deduction, ....................... 10,120.615 5.56,142 45 2 467 4,100,960 338,675 434 7,457,223 329,45 3755.700
25 Net income .................................. .... 29,294,o03 36,867.506 2,473338 6,717,047 4 12, i 322,371 6,519. 873 1 .02
26 Dividend appropriations of income and surplus:
a) Common ............................. 13,635.760 13,920,718 1,480,128 2,1s9o,005 ... 689, 8os 6,858,620 72,000
(b) Preferred .......................... 322,995 919, 692 25,213 1,677,300 ... 9,83 ......
27 Total appropriations of income ................... 127,297 98,010 ... 2, 656,944 64
28 Income balance transferred to profit and lose .29.167,506 35,84,496 2,73,38 6, 717,047 122,341 322,371 13,862,929 325.951 12t,

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) .........................37. 49.4 62.7 25.0 77.0 100.0 30.3 16.2
4 Preferred stock (4 to 9) ....................... 0. 8 .1 2.2 22.3 0.1 ...... ...
Total capital stock (5 to 9) .................. 1 7-5 64.9 47.3 77.0 100.0 304 16.2
Funded debt unmatured (6 to 9) ................. 61.9 42.5 35.1 52.7 22.2 69.6 83.8 ...
7 Other long-term debt (7 to 9 ........................ ... ... 0.8 ...... ... 100.0
8 Total long-term debt (8 to 9 .................. 61.9 42.5 35-1 52.7 23.0 ...69.6 .8
Per cent of Railway Operating Revenues; (Item 1o)
11 Total maintenance expenses (11 to 10. 37.1 31.3 27 0 31.4 41.6 30.9 32.5 32.2 36.3
12 Railway operating xpens (12 to 10) 67*9 59.2 6.6 55.4 90.9 77.o 72.8 75.2 1.
13 Railway tax accruals (13 to 10) ................ 6.2 9.2 .7 7.1 3.0 5.8 6.9 7.0 11.7
1 Railway operating income (14 to 10) ............ 25.9 31.6 25.7 37.5 6.0 17.1 20.2 17.7 26.5
15 Equipment and joint facility rents (15 to 10) .. 17 2.4 ... 3. ...... 15
16 Net railway operating income (16 to 10) ........ 27.6 34.0 20.8 41.3 2.5 9.0 18.1 7 42.4
Per cent of Total Income: (Item 18) .7
17 other income (17 to 18) ........................ 6.1 3.6 9.0 8.9 32.8 11.4 26.7 .3 3.2
19 Rent for leased roads (19 to ...... ... 0.7 0.2 ... ... 62. 0
20 Interest on funded debt (20 to 18) ............. 0.4 130.9 ... 24
21 Interest on unfunded debt (21 to 18) ............. ... 2.6 0.1 20.8 0.2
22 Total interest accrued (22 to 18) .............. 24.6 123 150 30.5 151.7 ... 29.6 48.6
other deduction (23 to 18) ..................o.0.4 0.6 0.5 1.5 4.8 0.1 1.3 0.8 41.4
2 oa edcin (kt 8 .. ............... 25-7 13.1 15.5 37.9 156.5 0.1 31.1 49.4 103.5
25 Net income (25 to 18) .......................... 7.-3 86.9 .5 62.1 99.9 689 50.6
Per cent of Net Income: (Itsem 25)
27 Total appropriations of income (27 to 25) ...... 0.4 2.7
28 Income balance transferred to profit and
los (2s to 25) --.............................. 99.6 97.3 100.0 oo100.0 ... 100.o 93.9 97.1 ...


See also C-ntral Lastern Region for this system.
aRepresents debenture stock.
including trackeage rights.
d Deficit or other revers litem.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LASS I STEAMRAILWAYS
(NOT INCLUDING SWITOIRING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 19



Southern Region
Atlantic Coeis. Line system. Continued
Item Georgia ILouevI le, Nashville, Columbus & Florida Georgia &
R.R.,Leasee Louisville & ;endereon & Chattanooga Western Greenville Last Coast llotia
O.rganiza... Nashville aint Louis & Saint Ry. of Ry. Co. Ry. Co. Mr. g,
organiza- 3an oi n N R. Co.laam
tion R. R. Co* RY. Co. ioute Ry. A Om |

1 iles of road owned (single track) ............... ... 4,987-54 181.0o4 857.40 130.12 1787 842.23 402.18
2 Average miles of road operated* .................. 328.74 5,038.21 199.-36 1,259.53 133.427 86.849.42 40.
Common stock ....................................... $117,000,000 $2,000,000 $16,000,000 $3,000,000 $100,000 $37,500,000 $5,217,000 $
S Preferred took .................................. ... 2,000,00... ... .. 3 47 ,000 11 1 600
STotal capital Stock ..................... 117,000,000 4,000,000 16, 000,000 3,000,000 100O,000 37,500695.000 22 1700
6 Funded debt unmatured ............................. $1,957,637 235. 541 ,935 3,200,000 18,236,o000o 1,543,000 235,000 65~835,000 8216,000 4,o,
7 Other long-term debt .............................. 3,563,441 8,395 ... 1.992,000 ...
8 Total long-term debt ................... 5.,521,078 235,550,330 3,200,000 18,236,oo000 1,543,000 235,Q00 65,835000 10,208,000 4000 .
9 Grand total capitalization ........................ 5,521,078 352,550,330 7,200,000 34,236,000 4,543,000 335,000 10335000 18,903,000 2641 0
10 Railway operating revenues ..................... ...6,122,690 1k7,136,530 3,756,645 24,023,878 3,344,018 1,922,285 29,427,460 1,972,838 6.369,56
11 Total maintenance expenses .................... .... | 1,854,621 54,7 45,149 1,390,196 8,501,081 1,116.794 710.141 9,228,606 8,190 1 9 7,970
12 Railway operating expenses ....................... 4,875,999 112,:462,390 2.854,154 18,992,860 2,486,280 1,528,932 20,406.599 1,8U572 4,) 40
1 R ailway tax accrualse ............................ 192,872 7,927,642 226,703 1,075,000 197 ,876 50,251 1.569,9 78,000 517.04
1 Railway operating income ......................... 1,049,903 26,722,760 67 ,504 3,9'52348 659,481 342,911 7. 7 445 1,509,728
15 quipment and joint facility rents ................ 323,280 316,559 d 1 34 1 65,707 d 1 198 210 d
16 Net railway operating income ..................... I 1,373,183 27,039,319 601,499 4,018,155 1, 64 2 5 ,519 ,6 1 ,
17 Other income ..................... .............. 26,283 3,783,22 4 34,116 287,60 53. 07 28,080 73,0 9 16:
18 Total income ........................... .399,466 30,822,543 635,615 4,305,795 695,371 172,599 5,905.519 2 63 51,82
19 Rent for leased roads ........................... 604,151 194,076 ... 806,506 .. ... ... 3750
20 Interest on funded debt .......................... o106,297 11,023,086 160,000 917,876 92,<80 12,100 3,002,925 564,320 220,000
21 Interest on unfunded debt ........................ 11.458 102,2 7 66 4,198 8 1,074 6,112 2,816 ,283
2L Total interest accrued ................. 117 755 11,125.343 160,066 922,074 92,988 13,174 3,009,037 54,136 223,23
2 Other deductions ................................. 29,149 81,013 9,284 65,957 310 32 112,533 54.337 6153
2 Total deductions ....................... I .751,055 11,400,432 169,350 1,794,537 93,298 13,206 3,121,570 90,473 26316
25 Net income ....................................... 648,u411 19,422,111 466,265 2,511,258 602,073 159,393 2,783,949 d 66310 1319
26 Dividend appropriations of income and surplus:
(a) Common ............................. ... 7,605,000 90,000 1,120,000 990,000 ... ... ..
(b) Preferred .......................... ... ... 100,000 ... .,. ... ... ... 970,260
27 Total appropriations of income ..................... ... 13,707 90,000 .. .. .. ... ,.
8 Income balance transferred to profit and lose .... 64,11 19,408, 0 376,265 2,511'i258 602,073 159,393 2,783,949 d i,610 1 942

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
S common stock (3 to 9).......................... ... 33.2 27.8 46.7 66.0 29.8 36.3 27.6 41.,
Preferred stock (4 to 9) ............... ....... ...... 27.8 ... ... ...... 18.4 4 .2
Total capital stock (5 to 9) ................. .. 3.. 3.2 .6 46.7 66.0 29.8 363 46.0 4.8
Funded debt unmatured (6 to 9) ................. 355 .4 53-3 34.0 70.2 63.7 43.5 152
7 Other long-term debt (7 to 9) .................... 6.5 ... .... 10.5
8 Total long-term aebt (8 to 9) .................. 100.0 66.8 4.4: 53-3 30 70.2 67 5415 .
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expense 11 t 10 30 3 372 3.0 35.4 33.4 36.9 31.4 26 31.1
12 Railway operating expenses (12 to 10 79.6 76.4 7.0 71 74 795 693 7 .2
1 Railway tax accruals (13 to 10) ................ .3.2 6.0 5.9 .3
3 -.2 5 :6...
1 Railway operating income (14 to 10) .... 17.1 1.2 18.0 16.4 19.7 17.8 25.3 22.6 27
15 Equipment and joint facility rents (15 to o) .. 0.2 ... 0.3 .......
16 Net railway operating income (16 to 10) ........ 22:4 184 1: 16.7 19.2 7.5 1 22
Per cent of Total Income: (Item 18) .
17 Other income (17 to 18) ........................ 1.9 12.3 5.4 6-7 7.7 16.3 12.5 4.0 10.7
19 Rent for leased roads (19 to 18)................43.2 0.6 ... 8. 1
20 Interest on funded debt (20 to 18) ....... 7.6 35.8 25.2 21.3 13.3 7.0 50.9
21 Interest on unfunded debt (21 to 18) ........... 0.8 0.3 ... 0.1 0.1 0.6 0.1 118.4 0.2
22 Total interest accrued (22 to 18) .............. 8.4 36.1 25.2 2L.4 13.4 7.6 51.0 348 1.1
2 Oter deductions (2 to s) .................... 2.1 0.3 1.5 1.5 ... ... 1.9 22.2 0.4
25 Total deductions (2 to 18) ................... 53.7 37.0 26.7 41.7 13.1* 7.6 2.9 371.0 16.6
25 Net income (25 to 18) .......................... 46.3 63.0 73.3 56-3 86.6 92.:4 47.1 .. 3.4
Per cent of Net Income: (Item 25)
J Total appropriations of income (27 to 2V) ......... 0.1 19.3 -.... ...
28 Income balance transferred to profit and
lose (28 to 25) .............................. 100.0 99.9 80.7 100.0 100.0 100.0 100.0 ...100.0

Inclu ing trackage rights.
d Deficit or other reverse item.






20 ~INTERSTATE COMMERCE COMMISSON
276o BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPRTSOF I SA
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR E


southern Region
Illin ia Central Syete: ......Its&sa m sat sppi New Orleans Norfolk Saor
Central of Gulf & Ship Illinois Yazoo & ta G etNr 4 Sohrn ArLe
Georg ia I sland Central Mississippi R. c ern .R o.. Co tbarCo
Ry. Co. R. R. Co. R. Co. V 1er R, C. t. t.c,

1 miles of roa owned (single track)........... ....1,47 307.114 2,258.69 1,278.614 114g.b2 233.1379.6 34-1
2 Average miles of road operated'............ .....1:911:16 30 7.75 4,745 1,572.92 162-77 2714.993.8,439
Comnsok........................... ..........$20,000,00o $7,013,100 $129,181,392 $21,553,300 $ 3,94,0,000 $ 7,500,000 $16,o0000 $7,1.0
-Preferred stock................................... ... ...
Total capital stock .................... .20 .o000 7,013,100 15, 26,800 21 30O 391..0,000 7,00000 16,66 0o0
6Funded debt unmatured .................. :...........60:132.8640 2,635.000 3667253 4 1 :8,:000 3,1147,100 8,2118,000 16,58820 136 6
................... .. I -. .
7 Other long-term debt ...................0, ......... 500,00 ,..0" ...} 3 4,39 02 ... 1,64 46
8 Total long-term debt....... ..... ....60.632,84o0 2 6,000 366, 725,3 14 14 56,020 3,147.100 8,210,000 1
9 Grand total capitalization ....................... 80632,0 96100 521170,536 67,109,320 7,087,100 15,749,000 322
10 Railway operating revenues ...................... 31.,82 69 3,957,2314 158 38,258 28,198 9 21 1,699,878 3171232 10 672
11 Total maintenance expenses ........................ 9,99 7847,781 59,187420 10,209,498 5147,450 1,070579 2, 7,
12 Railway operating expenses ....................... 23.. 772538 4:4 3459 121,678.777 21,341,462 1,210,876 2,207,250
Railway tax accruals.................. .......... .. 1,519,852 10309,7 2,02297 121,299 2 7,559
14 NtRailway opertig income ..... ....... ......... d'.5,9 34370 1 3966|029527 5 7 6 :7.0
er ......................... 26,30 9 4824,5 36,287 75,785 22
and joint facility rents............... d99,477 d26 ,, d 0,698
6 S railway operating Income ........................2 d 3 521 422,99
Tter incomta inco..e ...........6 E 6 51155 57 0703 .6 '9Z94
is iotal................................... ...7,389,1o,7 6 34,. 61292 9 122
19 Rent for leased roads .......................... 374,2143 .,816,06 568,0814611 0 1 .5
20 Interest on funded debt ......................... 3,0 712 132.,227 114,500,850 2,077,3147161147005 9 8,212
21 Interest on unfunded debt ........................ 7,395 6,772 202,516 7,209 7 26 1 7,
22 Total interest accrued ................. 3,082 107 138,999 1. 703,366 2.0,89 5 6.44726 9:4
23 Other deduction................................. 2 1,79 275,174 1,873 ,54.6
Total deductions ....................... 3,13,o24 155,728 16,990,387 2,653,479 179, 3
2j Net income.................................... 3,75,393 jdfL7 17,150,399 181,911 28,916 177,877 1
2 Dividend appropriations of income and surplus:
(a) Common ............................. 1,200,000 ... 8, 97,787 1,4181,911 ......
(b) Preferred .......................... ... ... 1,569,909 ",,
27 Total appropriations of income .................... 1,200,000 167,849 1 ,11,911 109.. 709
Income balance transferred to profit and loss 2.475,393 A.313.563 17,150,399 ..139 7 17 7.,771,67

Ratioe of Items

Per cent of Grand Total Capitalization: (Item 9)
3 mmon stock (3 to 9) .......................... 24.8 72.7 24.8 32.1 55.6 47.6 49.1
4 Preferred stock (14 to 9)............... j 4.8 ... 1.
~ Total capital stock (5 to 9)............214.8 72.7 29.6 32.1 556 476 19
6 PFunded debt unstr6 6t 9. ...........714.6 27.3 70.14 61.7 4.452.14 50.9 7:
7 Other long-term debt (7 to 9) ..................0.6 ... 6.2 .......
8 Total long-term debt (8 to 9 ................ 75 .2 27.3 701 67.9 44.14 52.4 50.9
Per cent of Railway operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 31.4 72.0 37.4 36.2 32.4 33.92
1.2 REailway operating expense (12 to 10 714.7 113.6 76. 9 75.7 71.7696735
1 always tax acruals (13 to 10) ................ ..4. 8.7 67.2 7.2 6.5 .7
SRallwa operating income (14 to 10) ............ 20.5 16 17.1 21.1 23.4
15 equipment and joint facility rents (15 to 10) 3.9
16 Not railway operating income (16 to 10) 18.7.. 1.14.2 25.0 IS8.7 17.7 1.
Per cent of Total inome: (Item 18)
0 7 r income (17 to 1) .......................... .. 1 233 3.3 1.3 33 2 1.
19 Rent for leased rads ( to s............. .1 13.7 3.2 9 120 interest on funded debt ?20 to 18............ ... o.2
21 Interest on unfnded debt ( l to 10) .0.1 .. :0.2..010302
Total intres accrue 22 to 18). ................... 141.7.... 14,2 50.14
2 Other deducions ~ .. .................... .. .. 5 .4 0.1 : 4 .Z
Tta 1euti ( R to ) 0.3 .49. 64.2 41.9 71.0 6 7.1
25 lot no et (25 t)...em 2) Z9.7 ... 502 35.8 58.1 29.0
,7 Total appropriations of income (27 to 25) ....32.6 ... 100.0 114.0 0.1..
29 income balance transferred to profit and
loss (:28 to 25) ...................................67.14 ... 10O0.0 56.0 100.0 99.9 <100.0

including trakge rights.
4Deficit or ohrreverse item.






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRETIMINARY REPORTS OF LAS I TEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DEOEBEl 81, 1996



Southern Region
asthrpRatjwqls system:
Alabama Cincinnati, Georgia New Orleane Tennegsee
Item Great New Oinleans Southern & Mobile & North- Northern
Southern & Texas Florida & Ohio eastern Alabama RM
R. R. Go. Pacific Ry. go. R. R. Co. R.R. Co. Ry. Co.

1 Miles of road owned (single track) ............... 292.02 ... 391.26 918.74 195.75 10o4.86 4,295 2
2 Average miles of road operated* .................. 3135 3 17 401.81 1,16133 207.74 110.37 5795
SCommon tok ................................ $7,30,000 $2,000,000 $6,0l6, $6,0o00,000 $1,9143,300 $1293,300
Preferred stock ............................... 3,380,350 2, 53 ,400 1,768,000 ...... .. 2 00
Total ocania stock ...... :.............. 4l O : i,300 1. 0 .0 6.00..
e eTotal capital stock 11,210,350 11, 23400 3708,000 6,016,800 6,000,000 1,94 9,30 9o500 ,300
Pounded debt unmatured ............................ 11,897,890 2,994200 7 76,071 33,947,500 8,566,000 1,5,000 295,354.00 3,67,000
7 Other long-term debt .......... ..........6 -..........
8 Total long-term debt ...... 11,897,850 2,994,200 7,476,071 33,947.500 8,566,000 2,106,801 295,354300 3675.000
9 Grand total capitaliation ....................... 23,108,240 14,417,600 11244,071 39,964,300 14566000 4050.101 4901 00 9
10 Railway operating revenues ....................... 10,599,163 23,310,331 6,764,554 19.342805 6.385,549 1,484,605 15 3. 3
11 Total maintenance expenses ....................... 3,521135 8,138,936 2,09,773 6,362,199 1.775,422 335,110 823,74 1,1
12 Railway operating expeln es ....................... 7,336,614 16,082,198 5,071,913 14,219,710 3,964,522 860,071 107,66,9 2
13 Railway tax accrualse ............................. 773,201 1,424,709 334,011 1,223,872 645,024 73,150 10,35 ,
14 Railway operating income ......................... 2,486, 8 5,802,453 1,354,660 3,891.794 1.773.530 551,204 37. 3 2
15 Equipment and joint facility rents ............... 2415 d 94.764 401406 48 02 280 d 1
16 Net railway operating income ........................ 2,7284636 33.25 ,2
17 Other income ..................................... 676, 755 71 ,931 40,220 165,169 1, 63 ,531 33
18 Total income .......................... 3,405,218 6, 424, 20 993474 3,569.935 1.58,596 244,8L3 41:6 3247
19 Rent for leased roads ........................... 19,451 14424 ... ... 0 75 7599
20 Interest on funded debt .......................... 1599,318 16,7 335,24 I, 392,662 6,594 463183 18,93
21 Interest on unfunded debt ...................... 9,758 22,14 2,316 ,6 197 1,623 1,701 7512, 5 14,179
22 Total interest accrued ................. 609,076 186,893 337,562 1,670,636 394 285 9.295 1453468 20,871
2 Other deductions ... ....... .................... .. ,229 33,130 2,595 12,96o 2,677 232 194669 3 1
2T4 Total deduction a....................... 632,756 1,665,317 340,157 1,683596 396,962 9,06 17,775887 2
25 Net income .................................... 2,772,462 4,759.30 653317 1,886339 1,189,34 145,826 23,82,749 9, 6
26 Dividend appropriations of income and surplus:
() Common 6 ......... .................... 1,7, 986,700 100,000 601,680 540,000 4
() Preferred .... ................... 9, 46 122,670 88,400 ..... ... 3,226
27 Total appropriations of income ................... 1, 57,346 2,503,070 188,400 601,680 540,000 3,286,027 ,
28 Income balance transferred to profit and lose .... 1,315,116 2,256,233 464,917 1,284.659 649,634 145,826 20,596,722

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
C common stock (3 to 9) ........................ 3 62.2 17.8 15.1 41.2 48.o 26. .
S Preferred stock (4 to 9) ..................... ..14.6 17.0 15.7 134 6.4
Total capital stock (5 to 9) ..................5.. 79.5 733.5 1 1 4 1.4 39.7 6.4
Funded debt unmatured (6 to 515 20.8 665 89 58.8 40.7 60.3 93.6
7 Other long-term debt (7 to 9 ... ...... ...... .. ... 11.3
8 Total long-term debt (8 to 9 .........5.. 0. 65 84.9 58.8 52.0 3 9j
Per cent of Railway operating Revenues: (Item 10)
11 Tote.1 maintenance expenses (11 to 10) ...... 33.2 34.9 30.9 32.9 27.8 22.6 38 36.3
12 Railway operating expenses (12 to 10) 69.2 69.0 75.0 73.5 62.1 57.9 .4 79.1
Railway tax accruals (13 to 10) ................ 7.3 6.1 6.9 .3 10.1 .7 .
Railway operating income (14 to 10) ............ 23.5 24.9 20.0 20.1 27.8 37.1 23.9 18.0
15 Equipment and joint facility rented (15 to 10) 2.3
16 Net railway operating income (16 to 10) ........ 25.8 24.5 14.1 17.6 21.9 16.212
Per cent of Total Income: (Item 18)
17 other income (17 to 18) ............... 19 11.2 4.1 4.6 11.8 1.9 14.7 9.2
19 Rent for leased roads (19 to 18) ............... 0. 22. 0.2 7. 20.9
20 Interest on funded debt (20 to 18) ............. 17. 2.6 33.8 45.7 24.7 39.4 3 .7 52.1
21 Interest on unfunded debt (21 to 18) ........... 0.3 0.3 0.2 1.1 0.1 0.7 0.2 3.9
22 Total interest accrued (22 to 18) .............. 17.9 2.9 34.0 46.8 24.8 40.1 34.9 56.0
2) Other deductions (25 to 18) .................... 0.1 0.5 0.2 0.4 0.2 0.1 0.5 1.1
2 Total deductions (24 to 18) .................... 18.6 34.2 47.2 25.0 40.4 42.7 78.0
25 Net income (25 to 18) .......................... 81.4 74.1 65.8 52.8 75.0 59.6 57.3 22.0
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ...... 52.6 52.6 28.8 31.9 45.4 ... 13.8
28 Income balance transferred to profit and
lose (28 to 25) .............................. .47.4 47.4 71.2 68.1 54.6 100.0 86.2 100.0

L/ Lx*lndes 60,000 shares of common stock without par value for which no
consideration was received.
Incuding trackage rights.
d Deficit or other reverse item.





22 INTERSTATE COMMERCE COMMISSION
2760
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELImINARY REPORTS OF LA8 I STEAM RAILWAY
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1928



Northwestern Region
Cannoan Nt'l. Canadilus Pacif ic System./ ChicagoA& Nor h etern
Ryna n Pacific Chicago, Chicago Chicago,
Item Luluth th. luth Minneaol, Spokane Chicago & Saint Paul, Great Milwaukee
Winnipeg South Shore Saint Paul & Inter- North West- hinneapolie Western & Saint Paul
& Pacific & Atlantic Sault Sainte national ern Ry. Co. & Omaha R. R. Co. Ry. Co.
ay. _Cc. Ry Co. Marie ay. Co. Ry. Co. R. C o.
1 Miles of road owned (single track) ............... 81.25 585-13 3,272.54 141.37 8,386.94 1-,676.71 1,034.90 10,13.14
2 Average miles of road operated* ............ ... 169.00 590.67 ,400.37 165.69 8,458.91 1,802.08 1,496.06 11 192.90
3 Common stock .................................... $6,000,000 $12,000,000 $25,206,800 $4,200,000 $156.732,400 $18,556,700 $45,21051 117 6,000
iPreferred stock .................................. ... 10,000,000 12,603,400 ... 22,395,000 11,2 9,300 47,12902 11 45,00
5 Total capital.stock .................... 6b,000,000 22,000.000 37,810,200 4,200,000, 179127,400 29.81 2,33415 2 51,00
6 Funded debt unmatured ............................ 7,004.997 20,352,000 107,778,300 4,200,000 255,544,100 46,082,200 40,17 99 3 436100
Other long-ter debt ...........................540.931 7,46 1,295,000 150,000 ... ,896 .
Total long-term debt ................... 11,545,928 20,4 49,846 073300 4350,000 44,100 46,2,200 40,264995 394436100
Othe..lon.-term.d.bt 109,073,30)0 4,350,000 2.55, 5,r,l00 46,082,2 00.
9 Grand total capitalization ....................... 17, 45,928 42,449,46 146, 883,500 8,550,000 434,671,500 7,898,200 13
10 Railway operating revenues ....................... 2,:: 18,181 5,281,270 46,856,739 1,265,290 154,335,724 26 433,019 2545,001 16053840
11 Total maintenance expenses ....................... 1,151,611 1,854,220 15,372,721 291,641 55,208.210 8,682,8151 ,240 60 ,82
12 Railway operating expenses ....................... 2,254, I69 4,406,891 35,696,798 812,571 120,588,383 21,272,949 20,0 7496 128: 16
1 Railway tax accruals ............................. 11 7 346,103 2,799,810 67,120 9,278, 6 1,274,029 1,9,18 ,900,896
SRailway operating income .......................... 44,258 528, 25 8,347,408 385,548 24,429 .8 3,197 4,1
15 Equipment and joint facility rents ............... .64,276 .d 1140.14Z 95337 d 2408 d 6 1 12 4 5,026
16 Net railway operating income ...................... 10S,534 342,09 7,007,2b1 290,211 2,29 8
17 Other income ..................................... 165,80so6 120,128 433,974 5.711 2,705,403 199.733 23379 1,261,1
18 Total income ........................... 27,340 462,222 7,441,235 295,922 25,000,542 3,379,822 2,7 936 19,656,
19 Rent for leased roade .......................* ... 2,117,743 27,200 10,901 ...44,1 1051,2
20 Interest on funded debt .......................... 280,200 880,158 4,956,053 210,000 12,406,812 2,530,82 1,698,304 1,74558
21 Interest on unfunded debt ........................ 121 7,809 99,237 149 15,649 1,60s 133 2o 475
22 Total interest accrued ................. 280,321 887,967 5,055,290 210,149 12,422,461 2,532,490 1,711,87 20,7,03
2 Other deductions ................................ 5 2,545 122,584 3,500 147,339 37,590 43,026 ,3
2 Total deductions..........................28026 890,512 7,295,617 240,849 12, 580,701 2,570,080 1,799,91 22455,125
25 Net income ...................................... d 5.986 d 428,290 145,618 55,C73 12,419,841 809,742 901.65 d 2,399,)42
26 Dividend appropriations of income and surplus:
(a) Common ............................. ... ...... 6,243,250 ......
(b) Preferred ..................*....... ............ 1,567;650 562,965 .. .,
Z7 Total appropriations of income .................. ... 24,264 ... 7,810,900 562,965 48,034
28 Income balance transferred to profit and lose .... d 5,986 428290 121,.354 55,073 4,60s,941 246,777 901,05 4

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
common stock (3 to 9) .......................... 34.2 28.3 17.2 49.1 36.1 24.1
Preferred stock (4 to 9) .......................... 23.5 8.6 51 18
Total capital stock (5 to 9) ....... 34. 518 25.8 49.1C-6393 9
Funded debt unmatured (6 to 9) ................. 39.9 47.9 73.4 49.1 58.8 60.7 }3 62.
7 Other long-term debt 7 to 9 .................. 25.9 0.3 0. 1.8 ... 0.1
8 Total long-ter debt 8 to 9) .... 658 48.2 74.2 50-9 58.8 60.7 30.4 62.
Per cent of Railway Operating Revenues; (Item IC)
11 Total maintenance expenses (11 to 10) 47.6 35.1 32.8 2.0 29 3 7
2.03.. 3.2 3712 Railway operating expenses (12 to 10 49*3 83.4 76.2 64. 78.1 80.5 7 .0 so.0
1 Railway tax accrual (13 to 10) ..... .9 6.6 6.0 5.3 6.0 4.8 .Z
1 Railway operating income (14 to 10) .......... 1.8 10.0 17.8 30-5 15.8 14.7 16.
1 Lquipment and joint facility rents (15 to 10) .. 2.7 ....... ....
1 Net railway operating income (16 to IC) ........ 4.5 6.5 14.9 22.9 14.4 1Z.0 1
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 60.4 26.0 5.8 1.9 10.865.9
19 Rent for leased roads (19 to 18) ............ 5.9 9.2 6
20 Interest on funded debt (20 to 18) ........... 102.1 150.4 66 71.0 49.6 74.9 6.9 5:
21 Interest on unfunded debt (21 to 18) ........... 0.1 1.7 13 ... 0.1 ...
22 Tota ier st acudeucon e ( 2 to 1 )..................... 102.2 152.1 b7.9 71.0 49757
24 to 18) .................... .... 0.6 1.6 1.2 1.6
2 et no e 102.2 152.7 98.0 81.4 0.3 7b.0 66.6 112.2
25 Net income (25 to 18) ...... .................... ...... 2.0 18.6 9.7 24.0 3.4 ...
Per cent of Net Income; (Item 25)
27 Total appropriations of income (27 to 25) ........ 16.7 ... 62.9 69.5
28 Income balance transferred to profit and ......
1os (28 to 25) ............ 83... 3 1600.0 37.1 30.5 0 ....0

oee also New Englana Re ion and Grea LaKes Aegion ior tois sy -,t.
21 See also New England Region for the system.
Inclucin, trackage rigts.
d Deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEA ALWAYS
(NOT INCLUDING SWITOHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 196



Nortnawestern Region
Union
& Lake Minneapolis E
Duluth & Duluth' Great Green Bay Su & Laeainpoi Norher Spkae Paci fia Sy1
Item Iron Rang e & Nrthern & Western Leri Paci c r an
Northern o.hern R. Co Iseming Louis R. R.e Wahng
Ry. Co. R. R. Co. Co. R. R. &

1 Miles of road owned (single track) ............... 267.62 265.80 7,134.03 238.31 16059 1,513.54 641434 494.6 2,26
2 Average miles of road operated* ................. 275.72 306-52 8,188.21 234.15 160.59 1.627.80 6,6235 554.60 22324
3 common stock ................................. $6,500,000 $4,112,500 ... $2,500,000 $1,428,000 $25,792.600 $248,00,000 $40,000000 $50000,000
4 Preferred stock .................................. .. i... 248,934,950 1/7,600,ooo
5 Total capital stock ...................... 6,500,000 4,112,500 248,934,950 10,100,000 1,428,0oo 25,792.600 246,00,0 40,000,000 50.000,00
6 funded debt unmatured ............................ 8,151,000 7,127,000 332,315,215 ... 1,000,000 45,451,676 319,481,ooo 740054023 95.073.765
7 Other long-term debt ............................ ...... 1,079,330 ... ... 1,950000 3717 255.55
8 Total long-term debt................... .. ,151,000 7,127,000 333,394,545 ... 1000,000 47,4o,676 319,481, 1 20
9 Grana total capitalization ....................... 14,651,000 11,239,500 582,329, 95 10,100,000 2,428,000 73.194,276 567,481, 11711413 170 0,323
10 Rilway operating revenues ....................... 7,041,389 18,943,968 117,383,909 1,645,802 2, 1,312 14,733.725 97,351,042 8 19 3
11 Total maintenance expenses ....................... 2,380,107 4,509,894 31,996,875 598,791 78,39 5,743,042 29712,041 2.3739 9,00.08
12 Railway opeating expenses ....................... 4,591,468 s03,o0 75,285,464 1,271.312 1. 437 05O 13,305,390 68,260,944 5,2966 2233047
13 Railway tax accruals ............................. 550,603 2,474,438 9,699,807 113,62 263,647 750,465 9.151,147 79139 2,22
I1 Railway operating income ......................... 1,899,289 8,066,468 32,383,299 260,724 750, '582 674,892 1,919,279 2, ,48 5.9
15 Equipment and joint facility rents ................ .42,518 d 0 65 d 1 102, 8 0 5 295421 11 41 d 12
16 Net railway operating income ..................... 1,941,807 8,015,773 i 2,1 3722,126 222, 24,21),700 TE4
17 Other income .................................... 428,739 42 38 13,175,670 80,584 72,982 1657 12,09 .576 355,2 3
18 Total income ........................... 2,370,546 8,858,159 44,456,099 325,778 795,108 387,915 36,307,76 2,637.49 5. 959
19 Rent for leased road ............................ ... 205,563 118 ,287 ... 135 51.321 4219 ...
20 Interest on funded debt.......................... 407,550 366,931 17931341 65,000 50,292 2 6,542 14.774879 3
21 Interest on unfunded debt ........................ 12 36 16,630 7,684 47 148,190 129,427 6,9 S4,
22 Total interest accrued ................. 407, 62 366,967 17,947,971 12,684 50,339 2,184,732 14, 904,306 3,034,231 3.997'
23 Other deductions ................ ................. 4,7 134,489 446,583 299 888 220,184 349,917 47,729 1101
2 Total deduction ........................... 412,049 707,019 18,512,841 72,983 1,227 2,405,051 15,304.544 3.550,099 4,004,486
25 Net income ..................................... 1,9581 97 8,151,140 25,943,258 252,795 743,881 2, 21,002,732 912.6 14,473
26 Dividend appropriations of income and surplus:
(a) Common ............................... 975,000 4,112,500 125,000 714,000 ... 12,400,000 ...
(b) Preferred ......................... ... ... 12, 45,855 ... ... ... ... ...
27 Total appropriations of income ................... 18,782 472,141 12,451,367 125,000 .........
28 Income balance transferred to profit and loss .... 1,774,715 7,678,999 13,491,891 127,795 743,881 d 2017136 1,002,732 d 912,61o 473

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Conon stock (3 to 9) .......................... 44.4 36.6 24.8 58.8 35.2 43.7 34.1 29.3
Preferred stock (4 to 9) ......................... 42.7 75.2 ... ... .
5 Total capital stock (5 to 9) ................... 44. 36 42.7 1co.0 58.8 35.2 43.7 34.1 29-3
6 Funded aebt unmatured (6 to 9) ................. 55.6 63.4 57.1 ... 41.2 62.1 563 63.6 55-7
7 Other long-term debt (7 to 9) .................... .. 0.2 ... ... 2.7 23 150
8 Total long-term debt (8 to 9) .................. 55.6 634 57.3 ... 41.2 64.8 56.3 659 707
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses 11 to 103 .......... 33.8 2 8 27.3 36.3 30.5 39-0 30-5 30.5
12 Railway operating expenses 12 to 10 .......... 65.2 4 -3 6 .1 77.2 58 6 90.3 70.1 60.9 73*2
13 Railway tax accruals (13 to 10) ................ 7.8 13.1 8.3 6.9 1. 9.4 11. 7,
14 Railway operating income (14 to 10) ............ 27.0 42.6 27.6 15.8 30.6 4.6 20.= 27.1
15 Equipment and joint facility rents (15 to 10) 0.6 ... ... ... ... ...
16 Net railway operating income (16 to 10) ........ 27.6 42.3 26.7 14.9 29.5 1.5 24.9 26.4 15-3
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 18.1 9,5 29.6 24.7 9.2 42.7 33.3 13.5 13.7
19 Rent for leased roads (19 to 18) ................... 2.3 0.3 ... ... ... 0.1 1.6 ...
20 Interest on funded debt (20 to 18) ............. 17.2 4.2 40.3 19.9 525.0 407 114.
21 Interest on unfurced debt (21 to 198) ........... ...2.4 38.2 .4 03 1.6
22 Total interest accrued (22 to 18) .............. 17.2 4.2 40.3 22.3 6.3 563.2 41.1 115.1 71.9
23 Other deductions 2 to 18)..................... 0.2 1.5 1.0 0.1 0.1 56.8 1.0 17.9 2.2
24 Total deduction 2 to 18) .................... 17.4 8.0 41.6 22.4 6.4 620.0 42.2 14.
25 Net income (25 to 18) .......................... 82.6 92.0 58.4 77.6 93.6 ... 57.8 ... 25.9
Per cent of Net income: (Item 25)
27 Total appropriations of income (27 to 25) ... 9.4 9.8 48.0 49.4 ... .....
28 Income balance transferred to profit and
los (28 to 25) .............................. 90.6 94.2 52.0 50.6 100.0 ... 100.0 ... 100o

}1 represents obenture stock.
SSee also Genral est rn Reion fr t ie system.
V Including package rights.
d Deficit or ctnr reverse item.






24 INTERSTATE COMMERCE COMMISSION
2760
BUREAU OF STATISTICS

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 81, 1926



Central Western Region
Ac aiBurlington Route: ?f
Ie.Atchi son, iga Qucy, Chcao
ItemTpa & Baned& Br1gon Om Colorado & Fort Worth Alon .R.
Santa Fe Ry. Co. & Quinoy Kaneae City Southern & Denver Co.
tR. Ro. Cf pp_ _o. R. R. Go. Ry. Co. City vy.co.
1 Miles of road owned (single track) ............... 18,013.38 32.98 a, 2.3 243.24 880.94 .5 691.14
2 Average miles of road operated* .................. 12 121.04 33.27 9: .79 250.02 1,06.42 9
Pformon stok .................................... $232 9, 500 $7,500,000 $170,39,100 $6,000,000 00000 $9,24 $19
3 Coeerred stock ................................. 124, ,soo 0002...40o
tota capital stock .................... 356,582.300 7,*00,00 1709,1oo 6,000,000 0001000 9,243.800 3
5 Funded debt unmatured ............................ 277,178,172 *** 209,692,000 ... 42,94,00 9.031,100 894
7 Other long-term debt ........................... .. ... ... 299,918
8 Total long-term debt ................... 277.1 7,172 20 ,2,000 ..-. 93,9 QQ01, go,
9 Grand total capitalization ....................... 633,71C,472 7,500,900 380.531,100 6,000000 g,94,0 18,9 129,
1o Railway operating revenues ....................... 259.olo316 563:563 161,3, 442 940.438 20 1 31
11 Total maintenance expenses ....................... 82,079,758 202,137 5 836 519952 4,836,14 .222, 11,
1 Railway operating expenses ....................... 16875 O8 410,134 116:042j808 3960 10, 8,T9 24:
13 Railway tax accruals ............................. o.0 198 1Qo,3 5 11,480061 5 755981 1
114 ailway operating income ............................6, 6~69 51,01 33,35,119 4 2,l13 86 45 oo6
15 Equipment and joint facility rents ................ 5 1 4 4 4 d12
16 Net railway operating income ..................... 7881 2 978
17 Other income .................................... 6,186,796 1 682 2,96 4 591 41 76
1a Total income ........................... 72,.677 390660 32,95.45 d 107,452 6,4 22se 4,810o,931 4,17455
19 Rent for leased roade ............................ io64 ... 18 ... 112,946 18,0002594
20 Interet on funded debt .......................... 11,256,183 8,6 91 ... 1,955,204 512,733 3..3
21 Interest on unfunded debt ........................ 56,679 34 .45. 1,32 403 .5
22 Total interest accrued ................. 11,312. 862 34 8,1 :64 ... 1 613 4,2 7
2 Other deductions ................................. lo1,716 6,572 16l, 705... 106 7 11 ,
2 t Total deductions ....................... 11, ,182 6, 606 8,964,467 ... 175,69 65 1 4, ,0o
25 Net income ..................................... 60, 631,495 384:054 23,987,968 4 107,452 4,467,521 4,15473 d79870
26 Dividend a propriatione of income and surplus:
Common ................ .......... 18,011736 300,000 17,083,800 ... 930,000 3,689,606 ...
Preferred ............................ .6,20s, ... ... ... 680,000 ... ...
27 Total appropriations (f income ................... 24,296,385 300,000 17,82, 834 ... 1,61o,oo 1 379,656 4
26 Income balance transferred to profit and loss .... 36,335,110 84,054 6,806134 d 107.452 2,857,521 2,776,oso d 498,762

Raticsof Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) 36 100.0 44.9 100.0 34.1 49.4 15.0
Preferred stock ( 4 to 9) .................. 187 16
Total capital stock (5 to 9) ................... 56.3 100.0 44.9 100.0 52.8 49.8 30.6
Funded debt unmatured (6 to ) ................. 43-7 ... 55.1 47.2 48.6 68.8
Other long-term debt (7 to 9...*- *.- 1.6 0.6
Total long-term debt (8 to 9) .... ....551.-. 47 50.2 69.4
Per cent of Railway operating Revenues: (Item 10)
11 Total maintenance expenses- (11 to 10) 31-7 35*9 33.5 55-3 36.8 24.2 36.4
1.2 Railway oprating expense (12 to 10) ... 65.1 72.8 72.2 102.1 78.0 58.9 76.9
1 Railway tax accruale (13 to 10) ..8.1 18.2 7.1 6.0 5-7 6.5 3.9
1 Railway operating income (14 to 10) 26.7 .0 20.7 ... 16.2 34.5 19.1
1 Equipment and joint facility rents (15 to 10) ....4
1 Net railway operating income (16 to 10) ........ 25.5 43.5 18.6 ... 1 39 17
Per cent of Total Income; (Item 18)
17 Other income (17 to 18) ........................ 8.6 37.3 9.1 ... 72.1 4.5
19 Rent for leased roads (19 to 18) .............. 0.4 ... 1 0 6.
20 Interest on funded debt (20 to 18) ............ 26.2 ... 27, 10.6
21 Interest unfunded debt (21 to 18) .....****.. 0.1 0.1 0.1 0.2 19.1
22 Total interest accrued (22 to 18) ............** 15-7 26.3 29-5 10.8 102.3
2 other deductions to 18) ................. o 17 5 ... 1.6 2.4 36
24 Total deductions 24 to li) ........... 16.1 1.7 27.2 32.$ 13.6 111.9
25 Net income (25 to 16) ............... 83.9 98.3 72.8 67-2 86.4..
Per cent of Not Income: (Item 25)
27 Total appropriations of income (27 to 25) 4.1 78.1 71.6 ... 36..
28 Income balance transferred to profit anid 7. 603-.
lose (2s to 25) ... . .. . . . . 59.9 21.9 128.4 ... I64.0 66.8 .


1 Includes Gulf, Col arado & Santa Fe Ry. Co. and Panhandle & Santa Fe Ry. Q0. 2Soe also Southwestetrn Region for thes system.
including trackage rights.
d Deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM RAILWAY (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 192



Central Western Region
Rock Islanad System. Southern
Denver & Denver & Nevada NorthwePt- actf
Item Rio Grande Salt Lake Northern ern Pacific Ro CIand Ro hmd
Western R~h cagoCo R o
R. 1.. Go. Ry. Co. R. R. Co. Roc CIsln Roc Iand ---S-uT~
R. R. Co. & Gulf & Pacific Pacifi Co.
Ry. Co. _Ry. Co. (Pacific Linea'
1 uiles of road owned (single track) ............... 2,469.58 252.00 165.71 514.480 454-.74 5,340.6 57854
2 Average miles of road operated* .................. 2,562-93 255.18 165.87 483.07 458.59 7.56531 8799-5
3 Common took ..................................... $72,457.539 $ 553,655 $2,000,000 $35,000,000 $ 469,000 $74,359,723 8372.380,906
4 Preferred stock .................................. 16,445 ,600 .... ...545494
5 Total capital stock .................... 9s,903,139 553,655 2,000,000 35,000,000 469,*00 1as,909,21a 372. ,906
6 Funded debt unmatured ............................ 116,350,000 12,145,650 ... 29,90,900 9,656,o000 21968,000 216, 5
7 Other long-term debt ................................ 859,68 ... 365,496 10,21774 25 871 11, ,7
8 Total long-term debt .................. 116,350,000 13,005,118 ... 30,274,396 1~8 ,474 222, ,871 33127,6
9 Grand total capitalization ....................... 205,253,139 13,558,773 2,000,000 65 ,27.396 20,3 4 351,173.03 710
10 Railway operating revenues ....................... 3 ,030,309 4,268,447 970,401 7,009,347 7,142857 10.76.559 226: 5
11 Total maintenance expenses ....................... 12,141, 23 2,612,78 228,473 2,185,050 167 27 4, .390 6570
12 Railway operating expenses ...................... 24,614,31 3.72, 0 475, 761 5.135,979 49 9,126,41 157
13 Railway tax accruals ............................. 2,430,000 71,629 127,643 490,370 31 ,182 7,174,9 17 ,
14 Railway operating income ......................... 6,981,823 470,898 366,9647 1,381,717 2,140,097 2 5399 51
15 Equipment and joint facility rents ............... 627,979 d 2!,357 5,96 d 1524 d 266,446 4 152
16 Net railway operating income ..................... 7,6o9,802 19,1 372,931 12, 12t,52
17 Other income.................................... 233 548 20,479 41.382 42,33217
18 Total income.................. .......... 7,843.350 470,020 414,313 1,272,147 2,000.183 22, 18,400 77212,850
19 Rent for leased roads ............................ 102,865 ... 612 ... 3.3oo 1566 29 34962
20 Interest on funded debt .......................... 3,665,553 518,482 1352935 1,5746 970 ,9
21 Interest on unfunded debt ........................ .6,283 52,464 135 14,058 772 426,727 193 107
22 Total interest accrued ................. 3,671,836 570,946 135 1,366.993 1,036,518 10,I3131 99774
23 Other deductions ................................. 28,532 1 ,847 1 77,884 405 1 3,051 1137
24 Total deductions ......................... 3,803,233 584,793 748 1,444877 1,040,223 11,862,479 46,07,
25 Net income ....................................... 4,oo,117 d 114,773 413.565 7 959,960 10,555921 31,122
26 Dividend appropriations of income and surplus: 4
(a) Common ............................. ... ... 300,000 ... ... .. 22,342.,54
(b) Preferred ............... ......... .............. 3 567,185
27 Total appropriations of income ................... ......693,91) 15.015 ..67185
28 Income balance transferred to profit and lose .... 3,346,204 1 77 413,565 1775 959,960 698,736 31,120,227

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Oommon stock (3 to 9) .......................... 35.3 4.1 oo100.0 53.6 2.3 21.2 52.4
Preferred stock (4 to 9) ....................... .8.0 ... ... ... ... 1 .5
5 Total capital stock (5 to 9) ................... 43-3 4.1 10. 3.6 i3 36.7 5i4
6 Funded debt unmatured (6 to 9) ................. 56.7 89.6 ... 58 47.5 6.6 305
7 Other long-term debt (7 to 9) .................. ... 6.3 ... 0.6 50.2 0.7 171
8 Total long-term debt (8 to 9). -56.7 95.9 ... 46.4 97.7 63-3 47.6
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .......... 35.7 61.2 23.5 31.2 23.4 33.7 29.0
12 Railway operating expenses (12 to 10) ... 72.3 87.) 49.0 73.3 6.6 75.0 69.5
14 Railway tax accruals (13 to 10) 7.2 1.7 13.2 7.0 4557
S Railway operating income (14 to 10) ............ 20.5 11.0 37.8 19.7 30.0 194 22.7
15 equipment and joint facility rents (15 to 10) .. 1.o.6 ........
16 Net railway operating income (16 to 10) ........ 22. 10.5 38.4 17.5 26.2 15,7 21.2
Per cent of Total Income: (Item 18)
17 O ther income (17 to 18) ......................... .3.0 4.4 10.0 3.4 6-3 8.6 7.
19 Rent for leased roads (19 to 18) ... 1.3 ... 0.2 0..2 7.0 -3
20 Interest on funded debt (20 to 18) ............ 46.7 110.3 ... 106.4 51:8 43.3 127
21 Interest on unfunded debt (21 to 18) ........... 0.1 11.2 ... 1.1 1.9 0.2
22 Total intrat accrued (22 to 18) .............. 46.8 121.5 ... 107lo5 51.8 .2 12
S Other deductions (23 to 18) .................... 0.4 2... 6.1 07 1.5
24 Total deductions (24 to e) .................... 48.5 124 11.6 2.9 97
25 N et income (25 to 18) .......................... 51.5 ... 99.8 0 7.1
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ..... 17.2 .. .. ... ... 3.8
28 Income balance transferred to profit and
loss (28 to 25) ............................. .82.8 ... o100.0 100.0 66.2 100 .o

see also southwestern Region for this system.
Including trackage ihts.
& Deficit or other reverse item.






26 INTERSTATE COMMERCE COMMISSION
?760
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELI NARY REPORTS OF OLA I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 1, 192



Central Western Region

Toledo, Uni.on Pacific System: .
Item Peoria & .....en Unioh
westen Loa Angeles Oregon sainGr seph Union a c
Ry. Co. & Salt Lake Short Line IslG d Pacific R. R. Co.
R. R. Co. R. R. Co. Rs. CO R. R. Co.

1 Miles of road owned (single track) ............... 2..0.70 1,076.28 2,341.27 257.98 3,701.05 -54 ,0433
2 Average miles of road operated* ........... 28.40 1,208.08 2,525. 5 258.50 3,96.57 11105 1,042:
SCommon stock ..................................... $ 4,076,900 $25,000,000 $100,00,000 $ 4,600,000 $222,291,600 ,065,200 47500,
Preferred stock .................................. ... ... ... 8,999,400 99 543.500 2750 ,
5 Total capital stock .................... 4,076,900 25,000,000 100,000000 13,599,400 321,835,100 ,0065, 7500u,
6 Funded debt unmatured ............................ ... 59,022,000 120,545,000 4,000,000 255668,660 4,9127971 4,283,4
7 Other long-term debt ............................. ... 19,190,340 1,125,000
8 Total long-term debt ................... ... 78,212,340 120.545,000 4,000,000 255,66.660 4,12971 41 408,00
9 Grand total capitalization ....................... .4,076,900 o10 ,212,340 220.545,000 17.599,400 577.503 ,760 7, 1 160,
4Q. Z7811 148,o
10 Railway operating revenues ....................... 1,524,845 24.561,747 36,372.207 3,586,348 113,972,308 1,42,631 16057.065
11 Total maintenance expenses ....................... 655,867 8,976,474 11,838,900 1,250,595 36,055,662 663,929 4,7921
12 Railway operating expenses ....................... 1,523,808 19.212,125 25,182.357 2,680,214 74,044,571 1,o ,4 11,275,i4
13 Railway tax accruals ............................. 74,900 1,597,372 3,120,146 222,571 8,782,409 117 045 1. 5.
14 Railway operating income ......................... d 7 .0 1 3. ,747,630 8,0 67,752 68, 091 31,139,984 43:858 3,
1 Equipment and joint facility rents ............... 5,5 1065 1.892 d 0 1 19_716 32 92.59
16 Net railway operating income ..................... 27,9 2,560,738 7,0246 488.375 2852,4.3
17 Other income .....................................1,711 317,195 4,124,921 45,607 21,237,630 24,1 395.585
18 Total income ........................... d 2,877,933 11,149,532 533,982 49,059,694 423,933 4,722,790
19 Rent for leased roads .............................. 18,566 460,410 ... 90 9,000 3,000
20 Interest on funded debt .......................... ... 2,360,80so 5,144,895 183,923 255,821 2,05521
21 Interest on unfunded debt ........................ 197,717 1,495 6,617 1,402 87,916 12 1,845
22 Total interest accrued ................. 197,717 2,362,375 5,151,512 185,325 11.275,362 255.833 2,060,36
23 Other deductions ................................. 1,580 231,516 13,005 1,996 90,098 4,33 189,160
24 Total deductions ........... ...1.99,297 2,612 45 5,624,927 187,321 11,36550 26166 a252,526
25 Net income .................................... d. 310.782 265,47 5.524,605 3,661 37,72 4 15 767 2,470,264
26 Dividend appropriations of income and surplus.
(a) Common ............................ ... 4,000o,0oo ... 22,229,160......
(b) Preferred ...................................... ],981,740 ... 1, 6'50 000
27 Total appropriations of income ................... .. 15,380 3,998,407 .. 26,210,900 ... 5Q0~,000O
28 Income balance transferred to profit and lose .... d 3 10,782 250,096 1,526,19 36,661 11,513,244 154,767 2,420.264

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Co mmon stock (3 to 9) .......................... 100.0 24.2 45.3 26.2 38.5 38.4 40.8
Preferred stock (4 to 9) ........................ .*. 51.1 17.2 .6
Total capital stock (5 to 9) ................... 100.0 24.2 .3 77.3 -7 38.4 64
Funded debt unmatured (6 to 9) .............. .. 57.2 5. 22.7 .3 61.6 34.6
7 Other long-term debt (7 to 9) .................. 18.6 ... ... .. ... 6 .0
8 Total long-term debt (8 to 9) ................ 75.8 54.7 22.7 44.3 .6 356
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 43.0 36-5 32.5 34-9 31.6 40.4 29.8
2 Railway operating expenses (12 to 10 9.9 78.2 69.2 74.7 70.2
1 Railway tax accruals (13 to 10) ................ ..4*9 6.5 8.6 .2 7.7 7.1
1 Railway operating income (14 to 10) ........... 15.2 22.2 19.0 27.3 26.6 21.6
15 Lquipment and joint facility rents (15 to 10) **... ... .. ... 5.4
16 Net railway operating income (16 to 10) .******. 10.4 19.3 13.6 24.4 243 27.0
Per cent of Total Income; (Item 18)
17 Oher income (17 to 18) ........................* 11.0 37.0 8.5 43.35 5.7 8.2
19 Rent for lease roads (19 to 18) ............*** 0.7 4.1 ... ... 2.2 0
20 Interest on funded debt (20 to 18) ................ 82.0 46.1 34.4 22.8 6o.3 43.6
El Interest on unfunded debt (21 to 18) ******..**. ... 0.1 0.1 0.3 0.2
22 Total interest accrued (22 to 18) .......... 2.1 462 347 23.0 .
A Other deductions (23 to 18. .............. ** 0.0 0.1 0.4 0.2 1.0 4.0
2 Total deductions (24 to 18.................... ......... 90.9 504 35. 2 63.-5 47.7
25 Ne noe(5t 8 .............. ... 9.2 9.6 64,9 76.r0 36.5 52.3
Per cent of Net income: (Item 25)R:
27 Total appropriations of income (27 to 25) ...... 5.8 72.4 ... 69-5 ... 2.0
28 Income balance transferred to profit and
loss (28 to 25) .......... ....................... 94.2 27.6 100.0 30.5 1oo.0 9S.0


1)see also Northiwestern Region for taie system.
*In)1udting trackage rights.
4 Def icit or other reverse item.





INTERSTATE COMMERCE COMMISSION a
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LASS I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TIE YEAR ENDED DECEMBER 31, 1926


------------- ------Southwestern Region
BurlingtonffKo eaTasefty
IUF Fort Saint Louis- Saint Louis, co rie
SRoute: Fort Smith Fort Worth S FrItem Wichita & Western & Rio Grand s Fran- & Mexico Mexico
Ralley o.y. CO Ry. Co. isco Ry. Texas Orient Orient Ry.
-- -- -- Ry._ Co... Co. o. Co.o RVt t. Teas

1 Miles of road owned (single track) ............... 52.11 197.16 221.74 3,498.97 79.20 259.46 465-75
2 Average miles of road operated* ................... 271.6 249.75 233.52 4.958.-36 137-95 272.20 46575
Common stock ................................. $1,020,000 $1,248,000 $2,928,300 $50, 47,026 5 04,0 000 $75100,000
Preferred stock ................................... 7.500,000 ...
5 Total capital stock .................... 1,020,000 1,248,000 2,925,300 57,947,026 804,000 7,0000 1000,0
6 Funded debt unmatured ............................ 769,000 5,245,800 4,467,000 253,172,18 1,188,000 3500000 .i6,633
7 Other long-term debt ............................. ... 4,176536 7,326,646 3,003,255
8 Total long-term debt ................... 769,000 5,245,500 8,643,536 260, 499,464 4,191,255 35,000 91
9 Grano total capitalization ....................... 1,799,000 6,493,800 11,571,836 31, 446,490 4,995,255 11,000,0Q 10,116633
10 Railway operating revenues ....................... 1,721,450 1,773,70) 1,295,032 59,538,955 2,030,352 2.422,969 4,317,804
11 Total maintenance expenses ....................... 310,797 679,41 622,164 29,000,85:1 652,111 1,212,.374 1,976,972
12 Railway operating expenses ....................... 875,112 1,425.287 1,374.217 61,957,895 1,519,812 2,47,16 3500,254
14Riwy prtngicm.............................75072559 22,0,3 76,906
13 Railway tax accruals .............................. 110,561 62,062 48,625 4,665,459 30,293 ,084 84,000
14 Railway operatin income ......................... 73.5,03 7 285,897 1 22,90034 476,906 6.452 731,00
15 Lquiment an joint facility rents ............... a 254,215 d 166,721 139,223 2 1 5
16 Wet railway operatinC income ..................... _119,170 E 23,040.057 1747 585571
17 Other income .................................... 27,037 2,669 3,359 740,409 10,770 66,414
18 Total income ........................... 507,86' 121,545 d 225105 23,780,466 155,397 124.971 195,250
19 Rent for leased roads ...........................22,74 34,714,697 19,228
20 Interest on funded debt .......................... 38,:450 117,720 178,680 12,740,621 47,520 150 7 3 66
21 Interest on unfunded debt ........................ 165 695 15 316,378 310 1.67 135
22 Total interest accrued ................. 3,618 115,415 175,695 13,056,999 47,930 151,904 364,800
23 Other deductions ................................. ..... .. ..220 1,061 190.0 74 25 50
24 Total deductions ....................... 267,361 118,635 179,756 17,961,770 67,053 151,904 364,50
25 Net income ....................................... 240,498 3,210 d 48 61 5,518,696 11,314 d 26 d 1
26 Dividend appropriations of income and surplus:
(a) Common ............................. 306,000 ...... 4,11,584
(b) Preferred ................................... 418, .1.
27 Total appropriations of income ................... 4....,756,1 71. .
28 Income balance transferred to profit and lose .... 24,499 ,210 d 406861 1,062,225 118,314 d 26933

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) ......................... 57.0 19.2 25.3 15.5 16.1 65.2 9.9
Preferred stock (p to 9) ......................... . ... 2.4 --5 Total capital stock (5 to 9) ................... 25.3 18.2 16.1 6i.2 9.9
6 Funded debt unmatured (6 to 9) ................. 80.2 38.6 79.5 23.8 31.8 90.1
7 Other long-term debt (7 to 9) ................ .... 36.1 2.3 60.1 ......
S Total long-term debt (F to 9) .................. 4.0 80. 74.7 81.8 83.9 31.8 901
Per cent of Railway operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .......... 18.1 358. 47.9 32.4 32.1 50.o 458
12 Railway operating expenses (12 to 10) .......... 50.8 50.4 105.9 69.2 74.9 102.2 51.1
14 Railway tax accruals (13 to 10) ................ 6.4 3.5 3.7 5.2 1.5 2.0 1.9
1 Railway operating income (14 to 10) ........... 42.7 16.1 ... 25.6 23. ...16.9
15 Equipment and joint facility rents (15 to 10) ... ... 0.1 7.2
16 Net railway operating income (16 to 10) ........27.9 6.7 ... 25.7 .6 2.4 4.4
Per cent of Tota&l Income: (Item 15)
17 Other income (17 to 18) ........................ 5.3 0.2 .. 3.1 5.6 53-1 2.1
19 Rent for leased roads (19 to 18) ............... 45.0 ... ... 19. i.4
20 Interest on funded debt (20 to 18) ............. 7.6 96.6 ... 53.6 25.6 120.4 186.8
21 Interest on unfunded debt (21 tO 1) ........... ... 0.6 ... 1.-3 0.2 1.2 0.1
22 Total interest accrued (22 to 15) .............. 7.6 97.2 54.9 25.-8 121.6 186.9
23 Other Geductions (23 to 18) .......... ............... ... 0.2 ... 0.5
2 Total deductions (24 to 15) .................... 2.6 97.4 ... 75.5 362 1216 18 9
25 get income (25 to 15) .......................... 7.4 2.6... 24.5 63.8
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ............ 81.7 ....28 Income balance transferred to profit and
loss (28 to 25) ............................. 100.0 100.0 ... 18.3 100.0 ...

see also Central Weetern Region for tnis system.
Including tracxage ripats,
a Deficit or other reverse item.




26 INTERSTATE COMMERCE COMMISSION
2760
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIM ARY REPORTS OF CLASS I STEAM RILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBE 31, 1926



Southwestern Region
Kansas CTy
_8out hern . Kansas, Louisiana Louisiana Louisiana
Itemaa fy. & Ry. &
Kansas City Texarkana & Oklahoma Arkansas Navigation Na Raton
Southern Fort Smith Gulf Ry. Co. fy. Co. No. ofvTetao
Ry. Co. Ry. Co.Co. C Tea

1 Miles of road owned (single track) 2.......... 04.5 186.32 309.-1 273.3 3 10.4
2 Average miles of road operated*.................784.07 91.03 316.12 302.2 333736 2o.og
Co.on stock ..................................... $29,959,900 $ 100,000 ... $5,000,000 $ 8.,131,000 $
Preferred stock .................................. 21,000,000 ... $11,325,800 ... ....
5 Total capital stock .................... 50,959.900 100,000 11, 3Q,900 5,0006,000 8,131,000 52,500
6 Funded debt unmatured ............................ 52,80 59 10,000,000 3,5 ,922 2,800,000 10,1,5o0
Other long-term debt ............................. 2,201,266 ...
9 Total long-term debt .................... 55,081855 10,000,000 3,516,922 2,800,000 10.418,500
9 Grand total capitalization ....................... 106,041,75 10,100,000 872,722 7,800,000 1549,500 52,50
10 Railway operating revenues ....................... .1,90,335 :,019,6115 2,51,25 14,295,138 3.3,970 1, 0
11 Total maintenance expenses .................. ...... 5..544,292 585,652 1,699,033 1,335,907 1 0905
12 Railway operating expenses .................. 12,902,866 1,645,792 2,815,106 2,823442 3,142,788
14i lwa tax accruals ..................................1,235,174 201,84 126,297 1411,580 265,09214 1
income........................... .. 53 ,,4 ,059944
15 Zquipment and joint facility rents ............... d 5 46 9 d 21664
Net railway operating income ....................... ... 1 2
17 Other income .... .............................. .. 1 5,526 7, 90 3,2508
8 Total income............................ 4,927,678 1,o14,315 d543:692 99 173 73,7o6 d 74:14,
19 Rnt for leased roads .............................265,969
20 Interest on funded debt ........................... ,05 156,538 151,905 12,381 1,198
209 7345 7,1472 15195147,710 470,257 3d2R0.56
21 Interest on unfunded debt ........................ 735,079 1,305 19,510 213 214,875
22 Total interest accrued ................. 2,79 82 458, 77 171,15 147,923 495,132 d 220.51
2 Other deductions .................................8,9 1 1 113 $9 13,598 3
24Total cieductions ............................ 3,0 9 617:,256 177,90:, 49,16 d201
25 Not income ....................................... ..37,910 4_4... 7,059 .729,92 4 2220o
2 Dividend apropriations of income and surplus: 7 798 d
a Cousin ....................
(b) Preferre .................................... .0,000 ."'
27 Total appropriations of income ................... . ..80,000 12,.46
28 Income balance transferred to profit and loss .... 997,910 "',059 d 76632 608,421 d 4124210 1 5,691

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) .................... .......... .283 1.0 64.1 43.8, 100.0
Preferred stock (4 to 9) ....................... 19.8 ... 76:2.
5 Total c"ital stock (5 to 9) ................... 1.1 1.0 76.2 614.1 43:8 100.0
6 Funded debt unmatured (6 to 9) ................. 49.8 99.0 23.8 35-9 56.2
7 Other long-term debt (7 to 9 2.1 ...
8 Total long-term debt (8 to 9) .........
Per cent of Railway Operating Revenues: (Item 10)59256
11 Total maintenance expenses (11 to 10 28.8 14. 4 66.5 31.1 33.9 31.4
11 Railway operating expenses (12 to Ilj 68.3 5f :5 110.2 65.7 82.1 86.1
14 Railway tax accruals (13 to 10) .........6-5 6.7 14.9 06 6.9 3.14
Railway operating income (14 to 10) .25.2 3.7 2:7 11.0 1015 equipment and Joint facility rents (15 to 10) ". 1, 1.
16 Net railway' operating income (16 to 10) .....2. 6z..20.0
Per cent of Total Income: (Item 18) 226
17 Other income (17 to 18) ................................14. 25.6 3.7 121.2..
19 Rent for leased roads (19 to is) ........14.4.7 1Z 1
20 interest on funded debt (20 to 19) 141.8 143.0 1 6.5 6".6
21 Interest on unfunded debt (21 to 18)........... 14.9 0.1 ...... 33
22 Total interest accrued (122 to 18) 56.7.13.1.165.....
23 to 18).................... ........... 0.2 ... 21
2. Total deductions (24 to 18).................... 62.. ....7 ... 18 655...
5 et n 5 to 1) .......................... 37.3 2.0 81.6
Per cent of Net Income: (Item 25) 1".6
otal apropriations of income (27 to 25) .....
2 Income balance transferred to profit and
lose (28 to 5) ............................... 54 3 100.0 83.4

1J "Does not include adjustment for excess guaranty accrued under Section 209, Transportation Act 1920, amounting to $269,192, which is withheld pending deciaon of the Interstate Commere ommsieeicn.'
Des not include adjustment for excess accrual under Section 209, Transportation Act 1920, amounting to $7,907. wtich adjustment is withheld pending decision of the Interstate Commerce Commission, Includes adjustment on account of over accrual of interest in prior years.
Including trackage rights.
d Deficit or other reoverese item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELINARY REPORT OF CLASS I STEM ALWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TE YEAR ENDE DECEMBER 1, 1926



Southwestern Region
uise~sur-Tanaa-Tean L ines; 4issenti Pn ifi toaotim
Item Midland Missour Missouri- Masouri- B
Valley & Not Kansas- Kansas-esmn. Itaa oValey anss- our Lake I al Great
R. R. Co. Arkansas Texas Texas Weetern Northern
Ry. Co. RRR.Co Rex C* Ry, Co. a.R o
R R. Co. o Coa R. R. Co.

1 Miles of road owned (single track) ............... 288.6 3350 ,0.45 7006 84.29 ,6.oo
2 Average miles of road operated* ................. .64.04 364.57 1 1799.31 89 950
3 Common stock ........0............................ $k,O 00 $3,000,000 $82, 20,000 ,500,00 7,000
4 Preferred stock ....................................* 3.999,250 ... 34 ,98),900 .
5 Total capital stock .................... .005,750 3,000,000 117,403,900 1,400,000 5,000 7500,000
6 Funded debt unmatured ............................ 11,815,150 3,500,000 142,831,470 50 ,601,276 2,0 042,000
7 Other long-term debt ...............7.....02........ 01 42 ...
5 Total long-term debt ................. .11,815150 3,500,000 142,831,470 61,490,977 2,074 249 42. ,000
9 Grand total capitalization .................... 1,620,900 6.500o,000 260,235.370 62,890977 21 249 49,000
10 Railway operating revenues ..........4,245 1,759,08 4 5,32,896 22,567,869 ,901
11 Total maintenance expenses ....................... .1,170,588 866,892 12, 5,099 6,336,612 02,82 4
12 Railway operating expenses ..................... .2,551,732 1,745,260 23,648,621 16,330,449 2 76544 15 44
1 Railway tax accruals ............................. 247,151 27 145 2,751,780 615,428 79.90 96
1 Railway operating income ......................... 1.511,759 d 14611 9,115,362 5.60 0 021 33 2
Lquipement and joint facility rents ...)............6 40554 109
1 Net railway operating income .................... 197, 9,2,903
17 Other income .................................. 182,608 b, 13 131 11,344 842 : .5
18 Total income .......................... .1,480,081 d 154,255 9,93 ,216 3593,704 ,
19 Rent for leased roads ............................ 95847 7661 68.590 2,000
20 Interest on funded debt .......................... 596,121 210,000 6,543 666 2,834998 123,46 1 .962,707
21 Interest on unfunded debt ......5-726.................2 2,575 72 14, 527
22 Total interest accrued ................. 601,4966,632290 237.57 124,193 1,977.23
23 Other deductions .................................7,819 1,07 12,194 235 26
75,162 12114106
STotal deduction ........................ 70 6 21347 6,652,135 3.30,69 ,93 1 8
25 Net income 3 ..................................... 774,919 367.902 3,282,081 285,006 d 84,







26 ident t
26 Dividend appropriations of income and surplus:
( Com mon,.. ...................... ..... 660,325 ... .
(b Preferred ....... ................... 199,962 ... 1,61,112
27 Total appropriations of income ................ .. .=
28 Income balance transferred to profit and lose .... 71,919 3.2 2,081 2,006 10 ,38

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) ..................................... 20.2 46.1 31.7 2.2 3.9 15.1
Preferred stock (4 to 9) ...................... 20.2 ... 13.4 ..
5 Total capital stock (5 to 9) ....................... 40.4 461 453. 1
6 funded debt unmatured (6 to 9) ................. 59.6 53.9 54.9 80.5 95.3
7 Other long-term debt (7 t 9)........17.3 0.8
8 Total long-term debt (8 to 9).......59.6 53-9 54.9 97.8 96.1 84.9
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 27.1 49.3 357 2.1 2.0 35.0
12 Railway operating expenses (12 to IC. 59.1 99.2 66.6 72.4 72.4 78.3
14 Railway tax.accruale (13 to 10) .... 5.7 1-5 7.7 2.7 2.6 2.9
14 Railway operating income (14 to 10) ....... 35-1 ... 25.7 24.9 24.9 18.
15 Equipment and joint facility rents (15 to 10) .- ... 1.1
16 Net railway operating income (16 to 10) ........ 30.1 26.8 15.4 0.5 13.3
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ........................ 12.3 ... 4.2 3.2 ... 4.2
19 Rent for leased roads (19 to 16) ............... 6.5 0.1 13.0 0.1
20 Interest on funded debt (20 to 18) ............. 40.2 65.9 78.9 3,572.6 73.6
21 Interest on unfunded debt (21 to 16) ........... 0.4 0.9 0.1 20.9 0.5
22 Total interest accrued (22 to 18) .............. 40.6 ... 66.8 79.0 3,593.5 74.1
25 Other deductions (2 to 19) ................... ...0.5. 0.1 0.1 ... 0.1
2 Total deductions (24 to 18 .................... 476... 67.0 92.1 3,593.5 74.3
25 Net income (25 to 18) .......................... 52.4 33.0 7.9 25.7
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ......-...-... ... -**
28 Income balance transf erred to profit and
loss (26 to 25) .............................. 100.0 ... 100.0 100.0 ... 100.o

Including trackage rights.
d Deficit or other reverse item.





0 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMnNARY REPORTS OF OLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1926


Southwestern Heglon
Missouri Pacific ayetem: Continued Louis
New Orleans, Saint LouiS, an Antonio, a Stn Le
Item Missuri Texas & Brownsville Uvalde & Texas & Saint Louis t t
Pacifc Mexico & Mexico Gulf Pacific Southwestern R y
_______________._______R. Co. i. Co. a.a. Co. y. .y. Co.
1 kiles of road owned (single track) ............... 6,531.26 172.72 555.15 315-58 1,949.60 616.89 697.16
2 Average miles of road operated* .................. 7,347.09 191.22 554-.54 31.32 1,953.62 940-59 807.20
3 Common stok ..................................... $2,39,500 $15,ooo,000 $ 500,000 $ 280,000 $3,763,810 $16,356,10 $2,750,000
Preferred stock .......................... ........ 71,800,100 ...... 23,703,000 19, 83,650 ..
Total pital stock .................... 154,639,600 15000,000 500,000 20,000 62, '910 36,24,7500
a ca 1,6,0 -00 1 ,5,0
Funded debt unmatured ............................ .30,360,950 37,070,000 15,12,342 4,413,000 55,205,553 614.250 15,729,500
Other long-term debt ............................. ... ... ... .. 1 0,3241
Total long-term debt ...................9 0 7,070,000 151132 44300 5:2535 86420 3 64
9 Grand total capitalization ....................... 75,000,550 52,070,000 15,621,342 ',693.,000 11.672 63 84,6,000 6,4o 3 6 41
10 Railway operating revenues .......................l3,:990.294 3:2,7 9,766,533 1,555,406 35 5 15,201,955 7.'490,970
11 Total maintenance expenses ....................... 7,794,60Z 1, 2,910 6,516,250 667,212 11,98,35 5,519,026 3,706,451
12 Railway operating expenses ....................... 10,,51,99 2750,201 ,4,702 45, 6,9:39 11,995,377 7.355,080
1 Railway tax accruals ............................. 5,612.341 ,0,90 361,9 9 1,49, ,796,569 3
lZRailway operating income ............................25,248.8146 5769,100 2,93!9, 4.39,117 7,095, Z76 5,303.3336 d22.4
N ailway operating Income....................... 2033 15 1035,7 ,6~ 223OJ .J664315,007 6725
17 other Income....................................... 3,2,5 2,052,56 26,933 5,570 365,657 367,590 2,9
15 Total income ........................... 23,955,072 3,091, Z30 2,389,761 229,174 6,609,333 4,742,597 492,141
19 Rent for leased roads .............................. 138,081 ...... ... 195,272 130,350
20 Interest on funded debt .............................15,007.529 1,692,764 944,274 220,650 2.14i4,731 2,025,415 4.32,500
21 Interest on unfunded debt ..........................572 712 610 41 10,91 '4,790 6,754
22 Total interest accrued .................. 15,0776 2.691 2, 4 2,033,205 439584
23Other deductions .....................................12,043 9,7. 3 1,49 96,44 21,539 9,245
2 Total deductions ....................... 15,323.405 1,703,222 94,019 222,1 a 61,92 2,250016 ,579,182
25 Net income........................................5,631,667 1,355,2D5 742 6,990 3,927,341 2.492.551 d 97,041
26 Dividend appropriations of income and surplus.
a Common ................................... 1,039,1951 753,9551j55094,8
1P)referred ............................ .... ... ... ... 1 1,150 9,692
27 Total appropriations of income ............ 1,15,150 55,625 1,336
2 Income balance transferred to profit and los1s ;.: 9,61,667 1,355,205 1,444,742 6,990 272,91 2,433,956 d 8,37Z

Ratios of Items

Per cent of Grand Total Capitalization; (Item 9)
C common stock ,3 to 9) ........................... 17.4 28.8 3.2 6.0 32.9 19 8.2
Preferred stock (4 to 9) ....................... 15.1 20.2 2N
Total pital stock (9 to 9) ................... 3.5 :. 0 p31 .42.7
Funded debt unmatured (6 to ) ................. 65 6.:94.0 6:9 57.3 47.0
Other long-tern debt (7 to 9 ... I::.:.:.:...... 4..
9 Total long-term debt (9 to 9)................ ... 67 9 94.0 4.69 53 91.8
Per cent of Railway Operating Revenues: (Itep 10)
11 Total maintenance expenses 11 to 10) ......5740,43. Z43. 204.
12 Ra~ilway operating expenses (12 to 10).....R- 75.1 6 27- 765.9 95.2
1 Rlway ta accruls (13 to 10) ................ .8 3.7 2.2 5.2 .9 '4.8
Railway operating income (14 to 10) 19.0 13.1 30.0 23.3 20.0 29.1
15 Zquipment and Joint facility rents (15 to 10) --.16.4 9.
16 Net railway operating income (16 to 10) 15.1 29.5 24:l 119 17.6 24.0 6.2
Per cent of Total Income: (Item 18)
17 Other Income (17 to 15) ................ 15.1 66.4 1.1 2.4 5.6 751
19 Rent for leased roads (19 to 15) 0.......... o.6 4.525
20 Interest on funded debt (20 to 1) ............. 62.6 54A 3:i 9:j 37- 4.7
21 Interest on unfunded debt (21 to 15) ...........0.3 1.7 0,1 N
22 Total interest accrued (22 to 15) .............. 62.9 35 9 39.1 142
S to 1 .. .". 64.o 5.1 39.5 97.0 40.6 47.4 117.7
income (25 to 15).......................... 36.. 60 3.5 52.6
Per cent of Not Income: (Item 25) 9 .5 59.4
27 Total appropriations of income (27 to 25) ......... ... 30.2 2.4.
25 Income balance transferred to profit and
lose (28 to 25) .............................. 100.0 100.0 100.0 100.0 69.8 97.6

Including traokage rights.
Deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM ALWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TE YEAR ENDED DEEPER 31, 1926



Southwestern Region
Southern Paciice l es: i.
Item Galveston, Houton &Trinity
IarrmsGurg Houston & E Houstoa Louisiana L aei & Tree&a
A n T Texas Central Weatern Texas R. R. NesOrlean Valley
SSan An- R. R. Co. Texas R..R. Co. eam- R.R. Co. r. 00.
toai RSC.te
tonlo K ,Co. 1 o. shi Co. R,


1 Miles of road owned (single track) ............... 1370.80 872.62 190.59 207.74 375.37 466.12 302.91
2 Average miles of road operated* ................. 2,104.65 898.65 191.60 207.74 400.67 56137 36719
3 Common stock .................................... $27,084,400 $10,000,000 $1,920,000 $3,360,000 15,000,000 .000,000 304,000
4 Preferred stock ............................... ...... ... ...
5 Total capital stock .................... 27,084,400 10,000,000 1,920,000 3360,000 1 ,000,000 5,0 0
6 Funded debt unmatured ............................ 33,243,000 7,241,000 3,000,000 6429,000 9982,144 9,35014
7 other long-term debt ............................. 27,212,863 141,305 1,091,625 ... 6,77,3.097 13,956.17 48
8 Total long-term debt ................... 60,455,863 7,382,305 4,091,625 13,202,097 23.93,1 10241 494
9 Grand total capitalization ....................... 87,5 ,263 17;382,305 6,011,625 3,360,000 28,202,097 28.938,331 105 494
10 Railway operating revenues ....................... 30,426,108 14,453,822 3.335.849 3.873,876 8,165,559 10,317,157 2 a6502
11 Total maintenance expenses ....................... 11,3 45,665 5,316.419 1,149,837 1,241,216 3,676,184 4|079563 123695
12 Railway operating expenses ....................... 24,418, 4 25 10,905,101 2,270,390 2,928,428 8,029,871 8,546 172 2,582521
13 Railway tax accaruals ............................ 1,259,039 772,521 174,580 325,014 661,677 386134 ,
14 Railway operating income ......................... 4,730,442 2,770,731 889,307 619,339 0 8 2 1, 1.481 1
15 Equipment and joint facility rents ............... 1,129,785 d 08,800 4 216 048 d 121
16 Net railway operating income ..................... ,600, b7 61,1 67.6 59
17 Other income ..................................... 721,657 210,7 2 26,833 11,333 372,57
18 Total income ........................... 4,322,314 2,672,673 700,092 551,821 66.056 1322, d 4 1'6
19 Rent for leased roads ............................ 740,876 ... ... 37,07 -.
20 Interest on funded debt .......................... 1,835,010 396,930 150,000 ,090 499,7 56,770
21 Interest on unfunded debt ......................... 8,312 6,336 ,501 5,0 49 o 177 445
22 Total interest accrued ................. 1,843,322 40,266 153,501 5049 4391 507,61 5721
23 Other deductions .................................: 8,104 4,168 270 397 20,995 25 1:644
2Total deductions ....................... 2,592,302 407,434 153,771 5,436 460,035 544,68
25 Net income ....................................... 1,730,012 2,265,239 546,321 546,385 4 1,120,091 778,181 d 792,021
26 Dividend a propriations of income and surplus:
a Common ............................ ... 1,000,000 ... 504,000.
b Preferred ...................................
27 Total appropriations of income ................... 696,083
28 Income balance transferred to profit and loss .... 1,033),929 2,265,239 546,321 _6,85 d l 77,181 d 6 2

Ratios of Items

Per cent of Grand Total Caitalization: (Item 9)
Common stock (3 to 9) .......................... 30.9 57-5 31.9 100.0 53-2 17.3 2*9
Preferred stock (4 to 9)..................... ...
5 Total.capital stock (5 to 9) ................... 30.9 57.5 31.9 100.0 53.2* 17.3 2.9
6 Funded debt unmatured (6 to 9) ................. 38.0 41:7 49.9 ... 22.8 .5 97
7 Other long-term debt (7 to 9) .............. 31.1 8 18.2 -o 24.0.2
8 Total long-term debt (8 to 9) .............. 69.1 4.5 ... 46. 82.7 97.1
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .... 37.3 36.8 34.5 32.0 45.0 39.5 43.9
12 Railway operating expenses (12 to 10) .. 80.3 75.4 68.1 75.5 98.3 82.8 91.7
13 Railway tax accruale (13 to 10) . ... 41 5-3 5.2 8.4 8. 1 3 31
14 Railway operating income (14 to 10) ............ 15.5 19.2 26.7 16.0 ... 13- 5*2
15 Equipment and joint facility rents (15 to o10) ..... ... ...
1 Net railway operating income (16 to 10) ........ 11.8 170 20.2 1 0 ... 9
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ....... .......... 16.7 7.9 3.8 2.1 2* 282..
19 Rent for leased roads (19 to 18) ............... 17.1 ..... ... 2.8P.
20 Interest on funded debt (20 to 18) ............. 42.5 14:.9 21.4 ... ... 37.8 *
21 Interest on unfunded debt (21P to 18) ........ 0.2 0.2 0.5 0.9 ... 0.6 .-22 Total interest accrued (22 to 18) ........... 42.7 15.1 21.9 0.9 ... 38.4...
2 other deductions (23 to 18) ..................... 0.2 0.1 ... 0.1
2 Total deductions (24 to 18) .................... 60.0 15. 21.9 1.0 4*2
25 Nat income (25 to 18) .......................... 40 84.8 78.1 99.0 ... 58.8 ...
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ..... 40.2 ... ... ...*.**
28 Income balance transferred to profit and
lose (28 to 25) .............................. 59.8 o00.0 10o.0 100oo.0 ... 100.0 ...

See also Central Western Region for this system.
Including traciage rights.
& Deficit or other reverse item.





A INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROMf PRELIMINARY REPORTS OF CLASS I SWITCHING AND TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 31, 1926



Great Lakes Region central Laeter, Region
Item Detroit Indiana Lake Newburgh & Baltimore &
Terminal Harbor Belt Terminal South Nor O Tinag R:. io. of Eastern
R. R. Co. H. R. Co. R. R. Co. Ry. Co. .ein. Co ,trit


1 Miles of first main track owned................. 1.00 145. 13.39 5.59 71.65 ...
2 iles of first main track operated .............. 19.02 1614 13.39 7.03 75.67 3293
Common stock .................................... $2,000,000 $5,000,000 $2,00,000 $1,500,000 $8,000,000 $3,120,000 $150,000
Preferred stock ................................ ....... ... ...
Total capital stock ................... 2 ,000 5,60,000 '.000,000 1,500,00 8,000,000 3,120,000 150,000
Funded debt unmatured ........................... ... 10,767,700 ... ... 32,,46,..
7 Other long-term debt ............................ 2,595,413 1,495,500 1,000,000 143,733
9 Total long-term debt ................. ......... 13,363,113 1,495,500 1,000,000 32,989,733
9 Grand total capitalization ...................... 2,000,000 18, 363113 3,495.500 2,500,000 40,989,733 3,120,000 150,000
10 Railway operating revenues ...................... .2,46,459 11,363,9 1,181,021 2,013,708 3,821,55 7,524,36 123,484
11 Total maintenance expenses ...................581,917 3,097,1 2 382,314 67:,0 771,96 1,5 36 25,629
12 Railway operating expenses ...................... 1,906,735 8,147,890 1,066,687 1,566,758 2,985,745 5,177,207 9g1,452
14 Railway tax accruals ............................ 86,996 550,178 74,893 211,051 625,o42 581,218 94,57
1 Railway operating income ..................... 392,623 2,660,221 9,1441 235,899 210,308 1,895,904 512,514
et railway operating Income .........................JH'3d 2 Ia~.619 s11 2,09 94
I Equipment aand vtnjoint facility rente.................. l,1 d8A5 d 124S07 110,21553 ,5
17 Othor income ................................. 102,861 74,1423 283 ,47F1,,139 54,9a 111,2 3 21,2596
I$ Total income .............................1461,166 1,951,249 d 986 26,103 1,57,63 5,63 23,35
19 'ent for leased roads ........................... 2 o ...,57 1.... 1 7 27,0
20 Interest on funded debt ......................... ... 4k4,327 9 322,316
21 Interest on unfunded debt ....................... 4,997 652 13 1,827 352
22 Total interest accrued ................ .,997 444,979 49,520 1,324,143 352
23 Other deductions ................................ 14,329 29,768 120 905 533 ,495 1,569 2,22
N Total deductions ...................... 9,326 2,237 120 50, 425 1,857,638 1,955,297 4,31
25 Net income ...................................... 451,:40 I,9,012 d 1391659-...6,77,
26 Dividend appropriations of income and surplus: Li "10 19,77 11337
a Common ............................ 200,000 ..... 60,000 ... 187,200
(b) Preferred .......................... ... ..."
27 Total appropriations of income ............... "0,00 1,776
28 Income balance transferred to profit and loss 1451,8140 1, 149,012 L.106 179,659 ...1... 07,8"72

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Co mon stock (3 to 9) ......................... 100.0 27.2 57.2 60.0 19.5 100.0 100.0
Preferred stock (14 to 9) .............................0......
Total capital stock (5 to 9) ....................0. 27.2 57.260. 19.5 10600 100.0
Fded debt unmatured (6 to 9).... ..... 58-7 .. 80.1
7 Other long-term debt (7 to 9)....... ........... 14.1 42.8 40.0 0.4
8 Total long-term debt (8 to 9) ................. ... 72.8 42.8 4. 80.5 ...
Per cent of Railway Operating Revenues: (Item IQ)
11 Total maintenance expenses (11 to I0) 23.4 27.2 32.4 33.7 20.2 20.0 18.7
12 Railway operating expenses (12 to 10):-,-. 76.7 71.7 90. 77.8 78.1 67.6 6o.2
13 Railway tax accruals (13 to 10) .7.5 4.8 6.4 10.5 16.4 7.6
1 Railway operating incom.:(14 to 10) 15.8.2..... .7.8 3.
15 Eqimn zdjointI facil ity rents (15 to 10) -. 2.4 28.8 1.9 o.6
16 Net railway operating income (16 to 10) .......6.5 ... 14.1 34.3 26.7 34.2
Per cent of Total Income: (Item 18)
17 Other income (,7 to 18) ....................... 22.3 3.8 ... 2.1 29.14 2 3.9
19 Rent for leased roads (19 to 18) .............. 1.1 9. 9
20 interest on funded debt (20 to 18) ............ 1.4 ... 17.1 7n.6
21 interest on unfunded debt (21 to 18) .......... 1.1 01
22 Total interest accrued (22 to 18) 1.1.2..... 17.1 O1
Other deductions 2 to 18. ......... 0.9 15 28.
2 Total t ..... ...... o., 25.7
25 Net income (25 to 19 ..........................99.0 7 -3 ... 82.6 100.0 90.9 79.0
Per cent of Net income: (Item 25) 9-- 21.
7 Total appropriations of income (27 to 25) ......... 25.0 100.0 5.7
29 income baance transferred to profit and
lose (28 to 25) ............................ 100.0 100.0 ... 75.0 ... ... 94.3


d fDeficit or other ever, iAtem.





INTERSTATE COMMERCE COMMISSION o
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LASS I SWITCHING AND
TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 31, 1926


North- Central
Central Eastern Region western Western Southwesatern Region
Region Region
Ite Monon Union Chicago Peoria & Temia
Item MonOngabela R.U.oGo. 9 Galeaton R..e ..na
R. Co. River & Pekin Galveston R Aeon
Connecting (of Penneyl- Indiana Union Wharf f
R. R. Go. vania) R. R. Co. Ry. Co. G. St. Louis

1 Miles of first main track owned ................. 7.07 20.38 3.02 16.01 10.83 1.07
2 Miles of first main track operated ............ 70 456 19.54 9.61 1,0577
common stock .................................... 750,000 5.00000 oo.o0o $1.000.000 a.626800 1/89.9
S Preferred stock ................................................. ...5 ... ., 000
5 Total capital stock ................... .750,000 5,000,000 500,000 1.000,000 2,62616oo .486,500
6 Funded debt unmatured ............................ 9,520,000 297,100 3.365,000 2,685,000 / .200
7 Other long-term debt ............................ 95e,000 ... ... ..* 6 .304
8 Total long-term debt .................. 950,000 9,520,000 287,o100 3365,000 2,5,00co 53. .504
9 Grand total capitalization ..................... 1,700,000 114520,000 787,100 4,365,000 5,311,600 68,7 1,O4
10 Railway operating revenues ..................... 2,279,70C 11,899,781 6,934,671 1,77,839 2,00Q,301 13537,618
11 Total maintenance expenses ...................... 674.622 4,095,Z6 1, ,314 467 575,882 3 334,087
12 Railway operating expenses ...................... 1,721,026 9,4119 6 4,5260998 1,32),244 1,261.557 3807 ,037
I Railway tax acruals ............................ 547 466,047 501, 56 228,000 36,817 47.419
1 Railway operating income ........................ 46,427 2,021,786 1,910,614 2114,1480 409,84 3,2,77
15 Equipment and joint facility rents .............. 1 W 731,26) 1,395,792 293,201 d 1640 1, 0 56. 5
16 Net railway onerating income .................... .. ,93.9 2,753,051 3,306,406 507,681 203 4439 3
17 Other income .................................... 1,378 216,396 101,642 31,147 183,527 573,003
1 Total income .......................... 433,317 2,969, 017 3,o408,048 538.828 591,730 5.012,636
19 Rent for leased roads ........................... 1460,000 2,000,000 6,8 ". 1,097,212
20 Interest on funded debt ......................... 60,111 540,812 17,306 189,04 107,1458 1,528,969
21 Interest on unfunded debt ....................... ... 63 23 300 1,211 1 665
22 Total interest accrued ................ 60,111 540,875 17,329 189,3144 108,669 5,6
2 o ther deductions ................................ 62,516 105,790 218,810 5,415 2,149 934,035
24 Total deductions ...................... 1 2, 27 1,106,665 2, 236,139 201,592 110,818 35,881
25 Net income .................... ............ 310,690 1,862,782 1,171,909 337,236 8o,912a 150,0755
26 Dividend appropriations of income and surplus:
(a) Commod .............................. 1,000,000 50,000 57.667 157,596 ...
(b Preferred ......................... ....
27 Total appropriations of income .................. ... 69.743 50,000 337,236 278,516 100,000
28 Income balance transferred to profit and loss ... 310,690 1,793,039 1,121,909 ... 202,396 1,350,755

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
~ Common stock (3 to 9) ......................... 4.1 34.4 63.5 22.9 49.5 14.5
S Preferred stock (4 to 9) .............. ...... ......
Total capital stock (5 to 9) .................. 4.......4.1 6g 22.9 49.5 22.5
Funded debt unmatured (6 to 9) ............... 65.6 36.5 77.1 50.5 677
7 Other lone-term debt (7 to 9................. 5*.9 9.8
8 Total lone-term debt (8 to 9.................55.9 656 365 77.1 .5 77.5
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 29.6 31.4 24.1 26.3 2.7 24.6
12 Railway operating expenses 12 to 10 75.5 79.1 65.2 74.6 62.8 65.0
13 Railway tax accrulst (13 to 10) .............. 2 3.9 7.2 12.9 16.8 9.9
1 Railway operating income (14 to 10) .......... 20.3 17.0 27.6 12.1 20.4 5.0
15 Lquipment and joint facility rents (15 to 10) ...6.1 20.1 16.5 ... 7.8
16 Net railway operating income (16 to 10) ....... 18.9 2.1 47.7 28.6 20.3 32.8
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ....................... 0.3 7.3 3.0 5.8 31.0 11.4
19 Rent for leased roads (19 to 18) .............. 15.5 58.7 1.3 ... 21.9
20 Interest on funded debt (20 to 16) ............ 1.9 1. 0.5 35.1 18.2 30.5
21 Interest on unfunded debt (21 to 18) ........... ... ... ... 0. ...
22 Total interest accrued (22 to 18)131. ............. 1 18.4 30*5
2 other deductions (23 to 18) ................... 14.4 3.6 6.4 1.0 0.3 18.7
2 Totel deductions (24 to 18) ................... 28.3 37.3 65.6 37.4 18.7 71.1
25 Net income (25 to 18) ......................... 71.7 62.7 3.4 62.6 81.3 28.9
Per cent of Net .Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ 3.7 4.3 100.0 37.9 6.9
28 Income balance transferred to profit and
lose (26s to 25) ............................. 100.0 96.3 95.7 ... 42.1 93.1

1J Includes data for St. Louis Bridge Co., Tunnel R, R. of St. Louis, St. Louis Merchants Bridge Terainal Ry. CO., East St.
Louis Connecting Ry. Co.. and St. Louis Transfer Ry. Co.
Includes data for St. Louis Bridge Co.
Includes data for St. Louis Bridge Co. and St. Louis Merobehants Bridge Terminal By. Co. Deficit or other reverse item.



























































































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