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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ViRELIMINARYSTATE TT ED CLASS- Tt STEAV
"PA"

YEAR R, "31,11,92-7








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THE INTERSTATE MISSION


JOHNSTO
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CLYDE"I

JOHN
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FRA' TTHOMA
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-UNIVERSITY

OF FLORIDA

LI BR AR Y







INTERSTATE COMMERCE COMMISSION 2JO

BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM RAILWAYS (INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1927



INTRODUCTORY STATEMENT


This is the fourth issue of a compilation of preliminary reports containing selected items of capitalization and Income. These reports were due to be filed with the Interstate Commerce Commission as of February 15, 1929. The final report was not received until March 2, 1929.

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 31It 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 to largely explained by the fact that the present statement does not include data for the Louisiana, Western Railroad Company, Morgan*9 Louisiana and Texas Railroad and Steamship Company, Galveston, Harrisburg and San Antonio Railway Company, Houston and Texas Central Railroad Company and Houston East and West Texas Railway Company for January and February 1927. On March 1, the properties of these roads were leased to the Texas and New Orleans Railroad Company.

It should also be noted that in nearly all cases the present report deals with the reports of Class I operating companies. The preliminary report of the Atchison, Topeka and Santa Fe Railway Company is on a system basis. This affects 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 with the Atchison, Topeka and Santa re Railway Company in the Central Western Region. Also, in the monthly reports the revenues and exDeness of the Southern Pacific Steamship Lines appear in the Southwestern Region totals, while here they are included in the report of the Southern Pacific Company, which is assigned to the Central Western Region.

,53 9
Washington, March 12, 1928.









BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AN~D INCOME ITEMS TAKEN FROM PRLIAYRPRTS O LASI TEM RsWAT8 (NLDNSWITCHING AND TEMNL COMPNE)FRTEYAEDDDCMBRa,12


INDEX
The region to which a roa has been assigned I in1dioated b Iettre following the name s flos e central la tern (0.T.); Pocahontas (P.); Southern (S.; Zrt woatern (W.W.); Central et W

SUNURIES: DISTRICTS AND REGIONS

Page Page
United S ates ........................................... 6 and 9
ESotern District ..6n.d western District ... and .
Now ngland Regio ............................. southern Ditri t .......... .... .......
Grea Laken Region .. .. .............. 6 and 9 Pocahontas Region ...... .................................. 7 Central Wese n R on

Gon.& t rz O Ea t8o e 'r gio .... ........... ......... 6o + an 9; So th r Rego~ n ... . ..).. .................. .+. .. 7 in +,, Southwester Regio .,... .......... .......... ......... end
C e tr l se e r l g i n p6a d S oaher oeio R o a o r S yn I Uste gl m o Reg in or s s e


Ak nto n A Y wr n . o (.E.) .e. 10 Fo N sthe e I Co.... .................... 1 N Yorn & W R Co.
Atlab lo Cit RP oo (a.ut nR. 0 .) ..... .. ... ... 21 FrT ri thk We te rn . o. ..... . .................. 21o -l s etL ingt I, o
A t A o L n R Co ( ....... ...). : 14 Foreat Worth en Cit o (. .. ......................2 N
t chiti son Sy e om o. .... .................. ..... ., Co orh & ante. 6 C. S.) . )........ .... 27 Nrf l sen Rya .............................. 1
A t ci o n pe k &h S Fe0... . . . . . . .... ... .. . . ...... 27 N or l s uth e rn R. . ). . . . . . . . . . . . .. . . .... . t
l(ti re ahapelae & tlant ic 0o. (..) ...... ....... l1 Pore t.rquette l o..............
a ulr o o rat o &1 a t a C o .... W 1 0 lo ke n g V ea 1f C o. ( o.. . . . . .. . . . . . . . .. 1 Ne r t e n ac. f i C o . N . . .. .... .
tla onta Sor Lae i teR. n R.0l .. ....)................ I Gi torA aoai E. (S,.)0 ............. .. ............ 19 Nohwe s a R . Co ........
lt C. of oastR... S..................2 I ieogia CnRa Lese O o n (S.) ......................... G............
A sa., Ia 1. c . (0.(.................... ... .1 0 Illin ia Couern l or.. l .... (a=21.. ..o..... .. .. .. S iteburghor e i .R Co. ( 0. 1

Nie~ soe I Garfield Ry. Co. (0.1.) ........... ....... d ina N Aort e n 1 Co. N. 0. (................. .........2 Pb h
aStimo tos t n ytm ............................... ...10 eern aol & etnoRth r. o. (..) ...................3 2 Ponte a n Fe 1. Co. 0.
Ir ltmre Oh i al o (.C. ) ...............n tr T i ( In 3 n A ota f n e


Nuffalo 0 32eutn 1.GuCrortonCf,1 (e Clnrd an To Line in. Maine)...R.R.CoM.).................1QinyOah naaCt1.2Co ( .1.. ......
flfflo Roh~ty Pttugb, o o. 11,
ltnmor & oyte.. .............................2..... n 2 l ole ty her A o ( .i B. .......................2 1 Pea&Pein Unio. R. o...............
11endatorn Ctaye Atlante Rn. Co. C(1..) .......... 1.For@.........e80leCding Sycte......... ..... 3
Banien Aoto n in i.) (- .......................... 1 ainall y SBo.he 1.. o. (8...)....................... 1 ooklen SyCtEm...................................



Cani Saoufi Lake in Wesernt ,(..).................. 10 PitCiySuhenStsb................2 utlan & Lak C o. ... .. .................
anda a yCt Chicago t E 32 Il o Ceta R. R. Co.(B.)............................. 20 2s e k m a ut C. ( ..........
Centmer o Laeri R Co. (.. ... ............................Superior a Iahpemi........C.........................2 St .rgeh AWest rgnia (C .) 2
Bentram OL2. i I. C o o. ( ..).... ............. R I iana Hror B t R. C o. ..) 17. .. .. L e.. uis S w & Fr r o
onton & I int R. o. ( .).).............. ..... .......... 10 L term ional- Northern., R. Co. ".W. ................ 30 Po t Roin Rn o.. O..) .................. .... ..7.
Brooklyn &"trm DINtrit Termlial, ................. 32 Intat i+onal Ry. 0o. onf Mila



Buhaleeo & Sterbn Cln 7. Co. (S.).................15 (ehg Canudian Paifi Le i n Maone (........................12 StQui, anan & Tensas Cit IR Co. (.1 ......... 27
Bufl,-- oceter A Pit tsbrg Ry. Cooto. k.L. 1
Bhrlipeao Roo .......................... ........ .. ..1 -ehighi 27 n ew la, d 1. oo O. Lin .......... .............1 t. L o. (i .) .......S.tw.t..in...... ......... ..........
C a e Na iol System ..... I ....................V &Orent R. Co. ai) 1.V...Vy.......... 2C R(aing S ..L. ......... o .......................... 1
o 11 aldOn 2 K. C. x.o...................... 4 ongo t s. o. of Texs (.W) .... R..o... Ri.hmon, LFrder tPtmr R. o. Co) .
Ohnadioa Paitr Linoie In 1Cne ( .1.) ..................1 1 2nle Saantd Lek .. ...........................2 San oio 0e ..Gul..N..... IN......... 2
ian a c i ne s In 3 1 .). .....................12 Kuana Southern aSytam ................................. 28 Reand R n. Co. ( .) ..........................
Coia AllPiois Syte in ojO (.)............................... Suhr 17. Co. ................. ...................
Ch iao northi t Co. (S) ...2........................ 20 .u h & Gio o. IOn a .. )... ...... o y. .......................
Ontoal oRt eCotern fey. Ot..(........... Louisvieller & Iashpmie IL. Co. (....)...................19 Souero...... .i. C .
Chicral Vrmli.on A Ginay R. R. Co. (.L) .. .......... ....... L .edr. A St. Louis-. CoaS) sV o y ............ ............. 2
Chanto &o Western Co. R.. (. 2.2aisCe .................... 1t ale i on Ri. 3. C. N.E. (................ ......1 Sto. louits, n & eateo Do .%(.eW.).... ..... 27
Chesapeke Paul 1. Co. (P.) ............................... 1 Lhig & New Etrlla R. R. (0 .L.).. ....... ..+........... at St. Lou an southwe s iAter Les ... .. ..... ....... .... 3
Chesapeake O hio Systm ...... .. ....................... 15 Iad 18 Lehigh VOIy R. R. Co. (0.L.) ............................... I 8t. Louis Southwestern Ry. Co. (S.W.) .,........ .. ..++..,...3
hio o ,.) .......... 1 .S...e........... 2 dtr la IOn. of Texas ..... ........ ...3.....
Chicago &e AIin a .Co (1.1....................3 3 Linnapald i & S.
Chio ago, o okster I yo. (a.sui ... C .. .................... 15 Los, ee & Minn o.i C. o.. 26 B a nto n U & l. R.uCt. ... .................. 30
Chicago, &o o s R nd D o C. (0.1.) ................ 2i Louisian i & ras R o. (.W.) ........................ 2 seabor ir Lin Co.) ........... ..................... 20



Chicago, St Ilii Midlnedoi A OmaaRy o (31) .2isor A NO9t soter...C. S)................xa ~ a L Co(1........................2
Cioieti w rlea jeae 0ai.o1. ............ 16 sLouriana &avgtin
Chnoicao & Northe n o. W.) ....................... 22 Lou i an a a & Te on Co at mni).. .. ................29 Sot he n Sysotm ...................................
C1icoh & N .h Wo n os tem ............................... 22 Loui rille & a if e Co. (. .) ........................ 0 T so he o Tr inl o. (1.C )............... 2
0hicago, Burligon & Qu oc R. R. Co. (OW.) ................ 24 Louiville, Henderson & St. Louis Ry. 00. (S.) ............... 19 ....................... 31
Cha Motrle & Ohio N.. Tu Cni RSR................ pokae IntyA ation Ry, Co ( ,. ..................... 2


olups, scwi1e 17 Co...... ..,. .......Pttl & m+ <8I+ ... + ...+ ...
ChOea Great Wes tern i R. Co. (1,W.) ........... ...... 29 Maie Centra Co. . ..).... ..................... 10 So e, orelane & a.4. 0 1) 13
Chicago Indianapolis A Louisville R.aoO. f..) ........... Mogan enl R. Co. (............................. 13 Saten oIlan R T s. 0 5
Chelao e & St. Pul RCy. 0.. .W.) ................. Mld Valley. Co. (. .) ..............................1 o
Chicago RvrAd Indian R. o. (..)................. 33 Minneapolst & S St. Los .o. (1 .). ................19 teh 7 Co.tra By. .......... ... I
Chico R ock Iln A G o. (o.W.) ................... 5 Mn aolis, 0. P e C ).. ( 1 a. of o........ 3
Chicao, Rook Isan & Pacific R 00. (O.W.) ..:....:......... 25_ uMsssppi Centra R. o. +(S.) .................. 20 onw as,&Tr it By C.(SW) .......... I..... :::: 26




Chitro t. Pal Minnep i &7 Omo. (S1).... .......... 22 Mneourl Northrnsa 0.. (SW)............25.. Virgiian &17 reaR Co. ( .W.) ............. i
Cince nntit low0Orlean & TexaLe f R.00 ( ) 21 L ....... ......... M..ol-l2nO+Tex" Lines .... +. .............................
ocni No aten a. .,. (0. .)....... ..... .. ..... N oui- e-T R R, Co. (S. ) ....................... a e y. Co. (..) ............................
Cleeland, Cincin nti, Chicago & St. Louis Ry, 0o. (0:!:) .... 16 Misouri+-1BT0nGa-axel R. R., Go. of Texas (S.W.) .............. 29 T oleo. PeoriaZ & Western R. o R.+,.++ ++++++ .
Orlespe R R. C. (.. (5 21. ...... S t Miss. Pacfi R. ..
aoo.d o R ,.~, .... ...... ......... Missouri ,, o c St em I ............................. 30+++ i Trn t rzsVle y o SW ) ....... ....3
O 19 Mobile & Ohio R. Ro. (................................. .... Sa. '. Ne at.Jse&S.ehoeL ....
uoneath Ir ack La ck R. R. 0.1.) ...................... Mn nghla _onneting Co ,.) ...................... 33 Ueter & Denaarn e R. 0 (. .) ...... .. .......
) AI h . ) . . o Lo.) ty, o M .......................... ....... 1 etUon Paoiftio R. R. Co. tOW.) ........... ...... ...
DIZawa e & Hudslon Co. (G.L,) ................................. Ne M no r k R. 0o 0 (et l ] .....................................13 o Poaio Alb em ...........................,.. 23 26
D lawre, ackawnna Westrn R R. C. (GL.) ........... 11f Unon R. R. 00. (of Pennylvani) (O..) ........ ..... 3
D n :r& Ri o Western. R. Go. +(o.w.) ................. 25 Nshvil e, Ohattan ol &.St Louis Ry, ($.) .... :.............. 19 Ua y C .( .. ......................................... ...



D .1 el SatLk y o tonit ei a..... *....3
ul th ci na 5 y Cc Gtle ntip L 7 . . . ......... .. 12 N e N.o . .. ........................ ............. s
Dotolt Toedo o i .L ) .. .. ..................Nc on eCoone .......... ...... 10 o M.
Der i m inalt. Rt. Co. (G.L.) .....................:..... 32 Now Orlean & ]1ortheastern R. R. Co. ( . ..++........ :...... 21 ]1abashb Sysem .............. ......+ .................+ 14"
&Isra n Ra ogeR R. Co. (e. ..) ..................... low .r. .ermina Co o................................ Weser Marylan R Do. lt.Ev I ...C. ). .. .. ...............
Dulu t MI n It, & 0,e (]1. ..) ..................... 2) N le a Texas & .... ....... ............. 3 0 WesternPacifA . R n y. Co (...) 16.. .....
Dulth, W inipe & acific Byr. Do. (N1.V1.) .+,................. 22 Now11 Y ork cetr lm R. R. 0 ( 8.. ..................... 13 Weeng & ~ La t ri R. 00. (,1. ) ............ .......... ....
I York, Chicago & St. Loui R. R. Co. (G ... 13 ichitam Valley By. Co. (S W ) .... ........................ ... 2
Z11n.ole. Easer Ry. Co. (O.E) ...................,. +J"" +;' + 16 N:w Y o Conncing R. CO. (,S.) ..... :..1
Er R m ( .L ) ....................... ..... 2 OW or ,New Haven & = Hator + o. (N.E.) : ............... 10 Yaoo &Msis ippi V lle R. R.ao. (S ............... .. 0
Kri System, ++++ ...... ... .................... .....
Indianapo l & Torre Haute R. Co. (D.E1.) ........ 16





6 INTERSTATE COMMERCE CMISO
2860 BURtEAU OF STATISTICS
SUMMARY NO. l-REOAPIlThLAT[ON OF CAP'ITALIZATION AND INCOME ITEMS TAKEN RMPELMNR RPRSO CLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHIING AND TERINAL COMIAS FJOR THENEA ENDED DECEM1BER 31, 1927



Eastern District

Item United States Nw Great Central Total
England Lakes Easern Estern.
Region Region Region Distric~t



IPrefer d took .............. ..... 1,904,567,337 113 727,808 216579,9052296,3592740

5 Total capital stock ................... ...... ...7,959,252,319 31 528,51141,7 3991 326iog305.952
6 Funded debt unmatured....................... ........... 10,478,70).392 507, 724 o444 1,594,077 2Z; 1,804 2J Z8 3,8 6,024,3
Other long-term debt..................................... 409,084,994 2590:~ 53:22,15 :4517,2,7
ot$ on-tern deb~t...........................10,8$7,789,386 3 7014, 3 37 ,32 1, 2,311,99
9 Grand total capitalization.............................. 18,747,04I0,705 975,233,157 3,008,709,697 3,155.003,071 7,0389,94,1
10 Railway operating revenues .................. .............6,127,313,906 269,M 0084 1,103,744,8114 1,384,964 ,5,8.4
11 Total maintenance expenses ................... ............2,083,695,666 Z,9,0 4,4,6 7,5,8 9,7
11-1 Maintenance of way end structures ........866,612,7147 2i 940'V 2 32; 3
11-2 Masintenanoe of equipment ............................l217,092,919 50:91 :161 230:92z:~ 21957 325 51k0,1
12 Railway operating expensese................ ................4565,971,112 204,373,273 938,53 A9 4 1,053,705,7832.9 61,0
14 Railway tax accruals.............................. ....... 3; 097,875 334726,9,2 589?4123
1Railway operating incoe .........................l l7 6,100 5216,5 2o~g~4 5,9,1 0,0:,
15-1Equpment rents ............... W- 5TT1a220uM
15-2 J7oint facility rents ......................... ,3.9 ,e,2d 1.7.l
16 Not railway operating income ......... 1,069,5114,928 39,570,371 184,695,947 226,27,6o 450,31,779
17 nOther .In om .............. ............................ 303,835,14 10,451,260 6Z,7148,032 6 6 14,6,o
Ots e Total income .....................i 1,372,350,073 5oQ2l,631 2 434lI,37929 23 2759 6528
19 Rn or leased roads.............................. ..... ..1 gig _20689,9, 79R91 ,222
2 Ineeton funded debt .................... ................ 9,959 99 6 2.3 8:91,621 2 -6
21 Interest onounfunded debt ...,..............................5,56 584,a 4:2.9 ,,6 .5,5
22TtlIntereut "corned...............................l 5U 27,"5 76,54,138 91 ,4833is04,2
Other .... ... ..... ....*'' 9:8:1218 ,1 oa utb...........................~. 46646 3 27 15 50 7153275,5

25 Net Income.................. ............................ 672,883,608 14,568,937 122958,537 1311,049,559 8,4,3
26 Dividend appropriations of income "n surplus:
26-1 Common................................................ 394997 662,255 13 39 ,054 64,367,63919 42 94
26-2 Preferred ..........., ..... .. .........14597 15 7: 6 32591 3456
27Total appropriations of income ........255,233,819 38 .516 M 625: 7,1
28 Incomee balance transferred to profit and loses .... 417,6149,799 l1,o94,316 69,836,662 1 81,251,842 1 $12,172,620

Ratios Of Items

Per cent of Grand Total, Capitalization: (Item 9)6. ~,
P efe tok (4 og911- i


P~ter 2en of 5aiwa 5ptig:e;
Total enin tene dzet ( to 3j..... 4 105 458 7Per c an of ala peratin Roeveus (Ite 10) 1. l
12 ailway operating n t 10 ~ 745 75.7 17 0 7076.


Per cent of Total incom; (Item19)
1L7 Other incoms (17 ~t 01................................ ......22.1 20. 27-4 2.,r 24.6
19 Rent for leased roads (1 to 18) .......... 12.1 1411, 19. 7 62 Interest on fudd deb ( 21 to 19) ...........3.o5.1 93303321 Iteret on unudeddebt 2 to 8 .. 16.1 1.0 1. 10 .
2 Tteal Inerest .acorued ;22 to 18 ::::...... . 3715- 3. 13 ; .

25 St income (25 to 18) ........... .. ..~... ,: 29,1 5:

27f T oet~talapopriations of Inoe(2 o25 ..... 37.9 23-9 47.2 124.

and lose (2A toa 25 21 17. 28 158-8 1
Ilding trackag rights.
d Deficit 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 ENDED DECEMBER 31. 1927




Southern Distriot Western Distriot

Item Pchaa Souher ToCtral South- Total
Pocahontas Southern Southern western Western western western
Region Region Distriot Region Region Region Ditri t

1 Miles of road owned (single track) .................... 5,089.83 30, 41.22 5,431.05 43,11-99 42,623-03 2301.63 1 45
2 Average miles of road operated* ...................... 5:582.06 39,6.86 5,.27192 4, .75-19 54.133-95 30525 5 13313 6
Common took ... ......... .............................. 3~3,22,791 71 7.8,10 $1,017,208,898 67,61,33 $1,4 771,203 62769,486 2,
Preferred stook ....................................... 522 0 143292 195:3824 7 03752 368,284,39 205277 2 1 049063 6
5 Total capital stock ......................... 356,058,191 857,074,531 1,213,132,722 1,23,117,085 1,809,055.592 5 Z6 ,0 5, 3, 205
6 Funded debt unmatured ................................ 378,295,424 1,558,291,004 1,936.586,428 1,76 3,83228 | 1,782,286,295 1,10 ,6,60 4,64 2 3
7Other long-term debt ......................... 11,788,503 11.,78.503 34 ,6 1 ,790,0Z 6,52 142 270 1
8 Total long-term debt ................378,295,4 1,570,079,507 1,948,374,931 1,794, 1,916 1,9 2, 76,3 1,16 ,l ,752 4,95
9 Grand total capitalization ........................... 734,353,615 2,427,154,038 3.161,507,653 3,038,259,001 3,771,131,976 1,737,196,160 8,54 6,137
10 Railway operating revenues ............................ 277,700,883 13,166,423 1,090,867,306 714,792,992 1,077,051,549 486,012,717 2.277,857258
11 Total maintenance expenses ........................... 96,001,88 22,566,650 378,568,53 240,5175 356,494 171,032,93 68 34,26
11-1 Maintenance of way and structures ............. 38,617 119,339,024 157,58,70 104,2,72 1526 3781 45 9
11-2 Msintenance of equipment ..................... 57. 82:14. 7 163,227,626 220, 0973 1 35.89,12 887 4 879 ,16 22
12 Railway operating expenses ........................ 79,70, 618,642,230 798,113,0 1 536,517,541 7 7 0 1 70 ,618 is87 4
13 Railway tax accruoals .................................. 21,350,7980 50,655,006 72,005,786 49,39,846 78,431,733 22 ,864, 270 150,694,49
14 Railway operating income ...................... 76,3,743 143,603,944 220,437687 128, 54,187 231,21 973 ,66 45512317,6
19 Squipment and joint facility rents .............. 4.... ,199 ,88 2 2 212 1 8995 0 0 4 d I d
15-1 Equipment rents ........................ 6....... ,005,9 78 q d 0 5db,4- 5
15-2 Joint facility rents ............................ d 1.088.996 d 2,3089,852
16 Net railway operating Income .................. 81,750,631 136,474,665 218,225,296 114,465,712 206,577,423 78,714,719 399,757,954
17 Other income .......................................... 5,396,492 31,238,868 36,635,360 32,137,388 75,450,080 12,448,811 120,036,279
18 Total income 7 ................................... 87,147,123 167713,533 254,86o,656 146.603,100 282.,027,503 91,163.530 519,794,33
19 Rent for leased roads ................................. 1,117,969 14,871,945 15,989,914 3,439,995 36,042 478 11,835,21 1,3176
20 Interest on funded debt ............................... 18,012,299 73,058,635 91,070,934 83,504399 75,066, 03 54, 101,35 71956
21 Interest on unfunded debt ............................. 72,42 686,225 75,652 3,967,186 173, 92 1,687,701 7028379
22 Total interest accrued ...................... 18,084,72 73,744,80 91,82 ,586 87,471,~585 7639, 95 55,9 219,700,335
2 ther deductions ..................................... 501,228 1,835,044 2,33 ,272 2,1 7,66 4 2,753983 8 64 :540,1
24 Total deductions ............................ 19,703,923 90,451,849 110,155,772 93,09,244 115,2315 68,272, 2755842
25 et income .............. ............................ 67,443,200 77,261,684 144,704,884 53,553,856 166,791,347 22,890,588 243,235,791
26 Dividend appropriations of income and surplus:
26-1 Common ........................................ 2, ,64 41,26, 6966 354 2 372,928 919107 6,44,6 132,336,65
26-2 Preferred .......... ............................. 2,6,963 6,209,127 8,90:6090 14577,970 14,850,065 5,757,196 35,185,231
27 Total appropriations of income ................ 1,1 ,05 11,970,821 13,116,906 21,323,515 91,391,592 6,631,693 119,34,800
28 Income balance transferred to profit and loss .......... 66,297,115 65,290,63 131,587.978 32,230,341 75,399,755 16,258,895 123,8886,991

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) ............................... 41.3 29.4 32.2 25 38.2 20.9 30-1
~ a Prfredeok (to)..7.2 596.2 15,6 9.8 11.8 123
., Preferret ( a4 to 9) ........................ ... .5...2.1..
S Total capital stock ( to 9).0. .9.5 35.3 38.4 41.9 48.0 32.7 4N
Funded debt unmatured (6 to ......................5... .3 635 54.3
7 Other long-ter debt (7 to 9 .................. 5 0 1.2 7 3 3
Total long-term debt (8 to 5.5 7 .6 59.1 .................52.0 73 5
Per cent of Railway Operating Revenues; (Item 10)
11 Total maintenance expenses (11 to 10) .... 34.6 34.7 347 33.7 33.1 35.2 33
12 Railway operating expenses 12 to 10) ............... 64.6 76.1 73.2 75.1 71.2 7 6 7
1 Railway tax accruals (13 to 10) 7 .......... ...... ......7 6..2 6.6 6.9 7.3.
1 Railway operating income (14 to 10). ................ 27.7 17.7 20.2 18.0 21.5 19. 20.0
1 Equipment and Joint facility rents (15 to 10) ....... 1.8
1 Net railway operating inoome (16 to 10)...........29-5 16. 20.0 1:0 19. 162 173
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ............................ 6.2 18.6 14.4 21.9 26.8 13.7 23.1
19 Rent for leased roads (1 to 18) ................... 1 9 6 3 5.0 12.8 13.0 9-9
20 Interest on funded debt 20 to 18) ................. 2 4 357 7.0 26.6 59 40.9
21 Interest on unfunded debt 21 to 18 0.1 0.4 0,3 2.7 0.5 1.9 1.3
22 Total interest accrued 22 to 18........... 20.7 44.0 36.0 59.7 27.1 61.2 42.2
24 Other deduotione (23 to 18) ......................... 0,$ 1.1 0.9 1.5 1.0 0.7 1.1
S It deductions (24 to 18) ...................... 22.6 4 6 7
25 Net income (25 to 18) ............................... 77.4 .0 5 .8 36.5 59.1 25.1 *~
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ....*..* 1*7 15.5 9,1 39*8 54.8 29.0 49.1
28 Inoqme balance transferred to profit 60.2 45.2 71.0 50.9
and loss (28 to 25) ......................... ...... 9.3 84.5 90.9 6o.2______7___.
Including trackage rights.
& Definit or other reverse ites.








BUREAU OF' STATISTICS
SUMMARY NO. 2-ECAPITULATION OF CAPITULATION AND INCOME CLASS I SWITCHING AND TERMINAL COMPANIES'FOR THE YEAR




.EastenOsrot southern District

United Dsro
Item states Great Central Totn Nrth- cntr t
Region Region District Region gin RioReon Dsrc

1 Miles of first main track owned ............ 281.37 110.50 121.48 23 81.1306 16.n199 09
2 Miles of first main traok operated ..... 526.:6 198.30 196.413 3473
Sommon #took ....................................... 1 3,100, l ,500,000 $7,0,0 $32,020,000 ,00,00 S 500,0 1.000,
Preferred took .................. .. 59000
5 Total capital stook --........... 53 ,633,100 14,500,000 17,520,000 32,020,80'6 2,000,600 500,666&,0, i s 13,000 1:63,0
6 Funded debt unmatured............................ .. 124446,800 ::, ,o 41 7.91 1,0,36 kO, .32 04,51s...
other long-term debt...................................12432507 6 9 1 0 ,
8 oa n-tr e debt. .. ...... ........ 136,79307 20,529,313 43,183,362 63,,712 ,675 00 3,320,00 M 6 5 6 0




|Tta long,0 ........................... 6.,o 1400,6, 5.5, '' '
9 Grand total c opitaliation ............................. 190,512,407 35.029,313 60,703,362 95,732,675 16,0ooo0 500,000 1,320,000 73,959 7,7,
10 Railway operating revenues ..............................69,937,602 17,815,736 26,310,593 441,126,329 1,917,7413 6.793,393 1,1159,3041 15,2110,833 2,9,3
11 Total maintenance expenses.............................19,62s,637 5,326,949 7,752,177 13,079125 3837a 1,154564
11-1 Maintensance of way and structures .................9,801,110 2 51,6641 :1 1,6 1 5.1:0 113, 6sl,,! 2,5 99 286 o 3, 25
11-2 Maintenance of equipment .................. 9,5,6 :,3,8 6,
12 Railway operating expenses .................... 1..........1,5 157 3 7:150 20,993,716 34,559" 6 113,9 '232 139:4 047 721 1
13 Rsilway tax accruals ....................................5,150,696 1,312,969 1,644,267 2 821,236 130,099 552,98422,o ,9,7 9,6
114 Raelway operating Income........ I..............12,818,039 2,95,25 3,782:104 6,7 .355 653,761 1,839,08 3,9 ,5.4 4;90
15 Equipment and joint facility rents ..................... 3,e 1690 1, 73,4 1, 51j 15- Joint 1,3o5,1t3 rents7 973 fil 3 2HI
15-1 joint reits s... .. ...........................1
16 Net railway operating inoome...................16,7143.705 2,757,361 5,520,9416 8,276,307 4190,213 3,153,260 1193,162 41,326,763 7,975195
Other moo .......................................... 2..,2,714 43 ,1 8 Z7,2 1,17,.086 9 1. ,14600
1 Total mooome..................................19,0 1,719 3,240u,5415 6, ,Z11 9,70,393 57,:'2 3,25 4127 5 36 49 17 S :
19 Rent for leased roads ................................. 5,666,006 28 ,533 2,51,263 ... 2,000, 1 000,,,O ,
20 Interest on2funded debt ............................... 07 0.5 8 193 2' 159 56o, ooo 3 1
21 Interest on unfunded debt ..................................l:32 7 580 1 4,b3 56 l ,34 1,52100
22 Total interest accrued ....................... 5,091,923 7 1 18
Other deductions........................... 1 .........2 d.... 80b,742 79,092 1, 5
Total deductions .............................12,714,153 771,066 5,245,036 6, ,102 56 70 2,205.315 190.559 3,5 7
25 liet mooose ............................................ .327,566 2.469,479 1,223,812 3,693,291 6,956 ,0115,112 319,788 1,262,1419 2,627,31
26 Dividend appropriations of income and surplus:
26-1 Common ....... ................................. .1,735,796 290,000 1,167,200 1,477,200 ... 50,000 51,000 157,596
26-2 Preferred .................................... ...
7 Total appropriations of.in.ome .................930,0 90,0 251,9 31,i" 50,000 165,990 599,i.j
26 11ngome bslanoe transferred to profit end loss.... 5,396,757 2,379,4179 1 971,8611 3,351,325 6,956 995,112 153,798 889,566 2,038,476

Ratios of Items

Per oent of Grand T!otal Oapitalization: (item 9)
3 Commonstoo (3Q t 9)... .. .. )........ 25.3 11. 28.9 33.1 12.5 100.0 23.1
11 Preferred stock (41 to )...................2.9 ..... 2..0
Totl s el tol 5 o 9.............. .....28.2 11.1 2893:.1 12.5 100.0 2:
Funded debt unmatured (6to 9. ...................65.3 45~.2 69.11 60.6 87.5.. 9
7 Other Ion -ter debt (7 9 .......... to 9) ..................... 7. 71.7 66.6 77.5 755 75
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance szpense o 0).............26.1 2 9 9 29.6 20.0 24a23.1 270 5.
12 Railway perting exes: H112 to W ::.........77a:Z75Z 0) : 7.1 6> 6s.1
1' Railway tax accrual3. to 10) .... .. .71 9811
1 Railway operating im (14 to 10).............8 16.6 14. 15.3 311.1 27,0 12.0.2.02
12 Equipmnt nd joint facilAi ret 15. to 10) .. Nb. 3.5 1. N641:
l1 wet railway operating income (1.6 to 10) ......23.9 i1-*5 21.0 1.. 25,6 4Z.41 2.5 28.433
Per cent of Ttal income: (item 10)
17 Other inoe(17 to... ...................................12.1 141.9 141.7 111.7 314.5 30341
19 Rent for lesad roads (1 o 18).................... 93. 203
20 inter est on funded de 21 Interest on unfunde:d 1t o 1....... :............ ...0.1 ..4 0,1 0.1. ~ 0.1 .
22 95. 1 s 1 o......... 26.7 23.1 29.3 27.14 97. 0.3 3. 362.
24 Other dedutions (23 to14 ............ 10.3..3.. 5.1 1.00 .0I
18edcins(4 oi) ............................64.8 81.1 62.0 98 6.8 J. 77.
25 No icme(2 t 8).. *....................... 323- .
Fer oent of Net Income: (Item 25) 2.
27 Total appratinso income (27 to 25) .....1417 3.6 e0,6 9.3 ... 1.s 51-9 29.5254
and loe(8to 25................ $5.3 96.4 79.11 90.7 100.0 95,-2 48.4 70-5 77.6
'The Now England and Pocahontas Regions do not include swithng and terminal companies of lasB 1. Deficit or other rdeese itm.





1 0. INTERSTATE COMMVRV E UVMMISSIN
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM ALWAYS (NOT INOLtDING SWITCHING AND TERMINAL COMPANES) FOR THE YEAR ENDED DECEMBER 81, 1927




Sew Enland Region
unn44ag satana bot 11 Canadian Paci11c tivam 2
Item Sangor & Boston Atlantio Canadian Canadian Maiae Yetem 31
Aroostook & Maine & St. central Pacific Pacific Ceatral
R. R. Co. R. R. Lawrence Vermont Lines in Lines in New. Ha. ven
R. R. Go. M7* ** Naine Vermont & Hartford

1 Mlles of road owned (single tracks) .......... 613.77 2,083.54 6376541.66676 1o44
2 Average e m Iles of road operated* ....................... 61389 2,083.59 1678U .233 561,1282745
3Commonrstock ......................................... $5 32000 $39 o 1,4",000 $3,ooo8ooo 02,238,550 ... $12N 100
4 Preferred stock ....... .4.0,000 .O .7. 000
5 o pita atook ..........T.l.... . .ao o 9 0,192,84 ,44,ooo 3,000,000 53 o ... 15,0 0 7 9
6 Funded debt unmatured ................................ 20,266,00o 129,934,579 ... 14,660,965 2,890,000 25,670,500 a76,9,900
7Other long-term debt ............... :: 1 65.2 051156.,3 .....12,5
8Total long-term debt .........- :: 20,266,000 129,934,579 1,650,729 35,252050 563 ... 25,670,500. 27,00,5
9 Grand total capitalization ............................ 29,074,000 220,127,383 7,134,729 38,252,050 8,744,883 ... 40,677,600 491,796,212
10 Railway operating revenues ............ ............. 7,401,075 77,848,374 2,716,788 8,259,570 2,519,257 $1,828,609 20,217.535 139,24.315,
11 Total maintenance expenses ............................ ..2,64642 28,177,834 993,967 3:556,694 1,22,715 648,972 7,090,138 45
11-1 Maintenance of way and structures .............. 1,254, 95 142 333 51,79 -2 1,686 25 O.1 288924 3,252 3 1
11-2 Maintenance of equipment ............ .47 0 1,2 o 6
12 ilway operating expenses ..................... 95....... 56597 61,835,501 2504, 7 257,160 1,863,921 1 ,7 1
1) Railway tax accruals .................................. 596,539 3,572,869 220,9 5 232.579 168,222 57,416 1,373.275 6,435364
1 Railway operating income .................... 1,947,b52 12,436,597 d 8 0,785 d 1 29 2,7 33,b
15 Equipment and joint facility rented .................... .. .2. 5 d 2.97824
15-1 Equipment rents ................................ 240123
15-2 Joint facility rents ........................... 2 26 b9
16 Net railway operating income ................ 2,086,303 9,500,773 d 718.606 149,668 d_346 405 d 467,795 2,452,652 25,235,294
17 Other income ..60........................ ............ 60,168 1,740,069 1,252,885 36,875 499,498 713,796 249,014 5, 72 .310
18 Total income .................... ............ 2,146,471 11,240,842 534,279 186,543 153,093 246,011 2,701,666 30,964594
19 Rent for leased roads .. ............................... 1,139,132 ... 6,552 1,680 246,000 8,426 4.847,77
20 Intereat on funded debt ...... ........................ 995,600 6:452,45Z 1,244,338 144,500 ... 1,236,284 15.135,
21 Interest on unfunded debt ............................. 1,098 155,307 206,287 186 3 31 90,186
22 Total interest accrued ...................... 996,698 6, 206,287 1, 144 12 15 1775
2 Other deductione ............................... 10,0 120: 57 3 44 40 11
24 Total deductions ..................... .. 1,06,748 7,867, 548 206,290 1,512:560 146,580 246,011 2,150,641 20.531,933
25 Net income .......................................... 1,139,723 3,373,294 327,989 d1.126.017 6,513 ... 551,025 10,432,661
26 Dividend appropriations of income and surplus:
26-1 Common ......................................... 302,042 ... ... ... ... 360,213
26-2 Preferred ...................................... 243,600 2,895,886 150,000 821, 9
27 Total appropriations of income ............. ... 3,0 8,554 285,967 150,000
28 Income balance transferred to profit and lose ......... 1,139,723 324,740 42,022 17 6.513 ... 401,025 10,432,661

Ratios of Items

Per oent of Grand Total Capitalization: (Item 9)
Common atock (3 to 9) .......................... 18.3 17.9 76.9 7.8 25.6 2. P. 6
P eferred stock (4 to 9 ........................... 12.0 23.0 .. 7.9.9
Total capital stock (5tto 9).. .30.3 40.9 76.9 7.8 25.6 .. 3.9 425
Funded debt unmatured ( to.) .............69.7 59.1 --- 38.4 33.0 ..
7 Other long-term debt (7 to 9) 23.1 53.8 174
8 Total long-term debt (8 to 9) ................... 69.7 59.1 23.1 92.2 74.4 .6j1 57.5
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 ............... 35.7 36.2 36.6 43.1 48.0 35.5 35.1 32.
12 Railway operating expenses 12 to 10) .............. 67.0 79.4 92.2 92,4 99.9 101.1 79-5 .71
1) Railway tax acoouals (13 to 10) .....0...6.8.1 2.8 6.7 3.1 6.9 4
Railway operating income (14 to 10) .. 25.0 16.0 4.7 ... 13.7 23.7
15 Squipment and joint facility rento (15 to 10) 3.2 ...
16 Net railway operating income (16 to 10) .. 28.2 12.2 ... 1.9 ...
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) .......... ................... .. .15.5 234.5 19.8 326.3 290.1 9.2
19 Rent for leased road (19 to 18) .. 10.1 .
20 Intereot on funded debt (20 to 18) .................. 46.4 57.4 667.0 94.4 5
21 Interest on unfunded debt 2 18)... 1.4 6 6.1 .. ... 5.2 .9
22 total interest aorued ( to 18 46.4 58.8 38.6 667.1 94.4 47.0 49.2
2) Othe r deductions (23 to 19) ..** ........... 0.5 1.1 27.6 0.3 ..2.1 1
24 Tot al deductions (24 to 1d) ............ 46.9 70.0 38.6 910. 58 100.0 75661
25 Net income (25 to 18) ........................ ...... 53.1 30.0 61.4 20.4 33
Per cent of Net 1come: (Item 25)
27 Total appropriations of i ncome (27 to 25) ..... 90.4872..--7***
28 Income balance transferred to profit872......72
and loss (24 to 25) ....... ........ 100.0o 9.6 12.8 ... 100.0 ... 172.8 too0.0
1/See also Great Lakes Region and Northwestern Region for this system. /see also Northweater Region for thit system.
T/See also Great Laken Region for tnis svstem. I ncin tr..+acka rights. D fin :t om other r vere@ Item.





BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS 01 CLASS I STEAM RAILWATS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 197




New England Region Great Lakes Region
Oanadan National sem aif~---
Item New York Rtadahor te. ,a Detroit, GalruDear
Connecting Rutlando Roohbeter & an- Gt Trunk oax
Cn g o. R. R. Go. Pitt burgh ada Grand Grand Haven Lest& w n
R. RJC. wy. Go, R. R. C.

1 Miles of road owned (single track) ... 897 395-56 369.71 5955 108532 331.16 330.07
2 Average miles of road operated* .............. 20.50 413.01 601.96 59,55 139.83 3 7.36 881.59
common eo ....................... $3,000,000 8 119,soo 110,500,000 $1.o95,0o $1,500,000 $6,00,00 851.573,900 $84,441,100
Prnnt flflflO
Peerred atock .... 8,962,300 6,000,000
5Tot capital stock .. 3,000,000 9,082,100 16,500,000 1,095,000 1,500,000 6,00,04,441,
6 Funded debt unmatured ................................ 27,333,000 10,021,200 38,116,800 5,200,000 32,064 720 61,967,850
7 Other long-ter debt ...7,335 2,556,695 74 21,346 21235:038
8 Total long-ter debt 27,333,000 10,021,200 3,124,135 2556,695 12,621,346 53,299,75 967, 1
9 Grand total capitalization ....................... 30,333,000 19,103,300 54,624,135 3,651,695 14,121,346 59,299,758 113,541,750 84,571,6
10 Railway operating revenues ............................ 3,066,455 6,197,106 17,522,081 3,935,874 8,139,276 20,555,105 42,692,911 64,685,831
11 Total maintenance expenses 527,684 2,692,876 7,926,868 674,120 1,849,983 6,94955 16,25,2os 22,746,602
11-1 Maintenance of way and structures ... 353,007 1,43,6o 2 626,991 6 987 1,1207 2:546 6 56 0
11-2 Maintenance of equipment .,677 1,209 5,477 20,133 7292 2. 27 5 a 14
12 Railway operating expenses ,6 1,97 377 5,399,089 15,2768 34, 0 1
14 Railway tax accruala............... 46,923 260,50 336,000 125,325 3.276 939,572 1,404,000 7 9
14 Railway operating income ...1,4 ,607 379,83 1,700,054 1,722,781 4,333,677
15 Equipment and joint facility rents ... ......... 201 221 55,259 220,611 3 241 4 s6
15-1 XquI ment rents.........................................d 11

16 Net railway operating income ................ 1,243,386 435,101 1,920,665 1,336.540 1,397,714 3,021,356 6,710,504 17.398.099
17 Other Income .................. ...........I..............6409 10,6 222,688 13861n4 624,0 2,E6n 0775460
i O Total income ............. ................. 1,307,415 51067 2,143,353 1,350O416 1,542 28 3.646261 9 1 22 M 171
19 Rent for leased roads ...... .............................. 19,000 373,500 ... 2175 11916 1,9 6,962,
20 Interest on funded debt ................................ 1,243,096 448,201 1,702,528 ... 671108 2,134:8S 3,2, 5,6
21 Interest on unfunded debt .............................. 2,099 295 12,047 100,827 3,277 2,411 17,
22 Total interest accrued ................... 1,245,195 448,499 1,714,575 100,827 674,385 2,137,299 3, 08
Other deductions .......... ...................9 9,2 54,001 1,204,132 843,27
Total deductions ............... ......... 1,307,161 477,322 2 076 1,304,959 1,539,237 37 6 72 7,0

25 Net income. ............................................ 304 63,345 1,277 45,457 3,391 d 3,071,861 15,707,772
26 Dividend appropriations of income and surplus:
26-1 D on on ............ ........d ............... 420,000 43,800 ... 4,271.900 71,453,602
26-2 Preferred ....................................... ... ... 360,000
27 Total appropriations of income ........ 43,800 34,557 11,821,754
28 Income balance transferred to profit and lose ......... 304 63,345 1,277 1,657 3,391 d 949123,037,304 3,886,018

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 0omostock,(3 to 9)................... ....... .... 9.9 0.6 19.2 30.0 10.6 10.1 45.4 99.8
4 Preferred stock (4 to 9) ............................ ... 46.9 11.0 ...
Total capital stock (5 to ). ..................... 9.9 47.5 30.2 30.0 10.6 10.1 4 .4 99.8
Funded debt unma ured to )....................... 90.1 52.5 69.8 36.8 54.1 5 .6 0.1
7 Other lon -term debt (7 to 9. 70.0 52.6 35,8 0.1
8 Total ong-ter debt (8 to 9) ....................90.1 52.5 69.8 70.0 89.4 89.9 54.6 0.2
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenee (11 to 10) .. 17.2 43.5 45.2 17.6 22.7 34.8 397 26.9
12 Railway operating epennes (12 to 10) .. 38.0 ?5.4 51.8 6G.3 7 80.9 718
1 Railway tax aocnals (13 to 10 ....................... 14.9 9 .) 1.2 3
1 Railway operating income (1 to 10) .............. 47 1 9.7 .9 325 21.1 1 201
1 Equipment and joint facilitycrents (15 to 10) o.9 1.3
1 Net railway operating into (16 to 10) .......... 40.5 7.0 11.0 8 17.2 14:7 15;7 20.5
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ......... ...................4.9 19.5 10.4 1.0 9.4 17.1 26. 2
19 Rent for leased road, (19 to 18) ........................ 3.5 17.4 ... 1.4 0.3 20. 3
20 Interest on funded debt (20 to 18) .................... 95.1 82.9 79.4 ... 43.5 58.5 34.9 .1
21 Interest on unfunded debt (21 to 18) 0.2 0,1 0,6 7.5 0.2 0.1 0.1
22 Total interest accrued 22 to 18) 953 83.o so.o 7.5 .7 .6 39. 0.1
Other dedu otine (23 to 18) ................... ........ . 7 18 2 5 3
2 Total deductions (24 to 18) ................ ....1000 99 9 99 12
25 Net income (25 to 18) .... ........................117 0.1 3.4 0.2 32.
Per cent of Nat Income: (Item 25)
27 Total appropriations of income (27 to 25) ,.. .. 96.4 ... ... 161 7.4
28 Inoias balenoe transferred to profit
and I eb (2 to 25) ...................... ..100.0 100.0 100.0 3.6 100.0 ... 98.9 24.7
21 See also New England Region and Northwestern Region for this system.
Including trackage rights.
d Deficit or other reverse item.




to INTERSTATE COMMERCE COMMISSION
2860
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 THE YEAR ENDED D MBER 81, 1927




Great Lakes Region
Ie tm it Erie Systew eeB h &a.kna n
Item Detroit & Toledo Leiiah A Lhg y
Mackinac Shr e Eew Jersey Lieke Hudon New
Coy. R. R Co. R.R. Co. R A Western 0 RRwYo. Go
00. 00 Ooon
R, f. Co. R.. R Go.

1 Miles of road owned (single track) .............. 317.84 47.49 24957 860.82 33.46 13678 74o0 176.
2 Average miles of road operated* ........ 315.149 50.70 29.5 2,047.31 5.7213 7 96:60 216.
3 Common took ......... ....................... $2,000,000 $1,1428,000 $ 100,000 151,116,700 $1,440,800 $12, 316,19 $4,707,000 $6,800,000
4 Preferred stotk 950,000 5, 3,904,400 787,800 12,964,844
5 Total capital stock .................... 2,950,000 1,42,000 100,000 215,021,100 2,223,600 25,781,163 4,707,000 6,00,ooo
6 Funded debt unmatured ............................ 2,750,000 3,267,200 22,300,000 225,219,041 1,025,960 12,815,943 ,0<5,000
7 Other long-term debt ............................. ... 12,3 9,236 82, O .
8 Total long-term debt................. 2,750,000 3,267,200 34.9,236 225,219,041 1,10,61o 12,815,943 ... ,5,000
9 Grand total capitalization ........................ 5,700,000 4,695,200 34,739,236 440,240,141 3,337,210 38,597,106 4,707,000 14,885,000
10 Railway operating revenues ....................... 1,626,388 4,727,678 14,121,190 10,357,165 1,595,976 4,933,623 3,362,338 5,7919,454
11 Total maintenance expense ....................... 661,159 1,07,2 3,:55,891 41,496,908 49,211 1,440,268 6 181,684
11-1 Maintenance of way and structures .. 352,17 6703 1,6670 14,43,25 205, 52 66.247 W,480 641,674
11-2 Maintenanoe of equipment .................. 1308,85 402,86 1,589,621 27,058,283 292,459 75 ,021 521,201 1,230 010
12 Railway operating expensee ........... ........ ... 1,252,01 2,381,852 l,41,:4-8 91,623209 1,4 3,91 4,1,22 2,29,799 4037225
13 Railway tax accruals ............ ............... 121,621 350,313 58,135 4, 3,034 43,238 3 224 199,699 249,
14 Railway operating income ............... 251,924 1,994,530 4,890, 6 12,46,809 87,92 4 548 3 1,5
15 equipment and joint facility rents .............. 46,711 d 1.021.060 d 4.oa .672 d 27789
15-1 Equipment rents ........................ 54,63 1 d 657164 d 9.961
15-2 Joint facility rented ...................... 1 d 3 3 13,492 19,1211
16 Net railway operating income ........... 298,635 973,470 835,563 12,125,137 310,41 165,759 5714,09 1,425,133
17 Other Inoome ..................................... 18,027 72,356 1014,137 5,587,066 9,187 72,202 42,343 43,117
18 Total income .......................... 316,662 1,045,826 939,700 17,712,203 00 237,961 616,141 1,468,250
19 Rent for leased roads ............................ 85. .179 2.0716 .,.
Interest on funded debt .......................... 110,000 136,116 1 1 799 51,280 634,697 .0,3 g
21 Interest on unfunded debt ..................... 3,074 906 12,123 591,25 1 345 66 3,970
22 Total interest aorued ............... 11),07 137,022 323,563 11,20,04 51,231 635,032 66 3614,1
23 Other deductiae ............ ................ ,971 15,30 30,75 64 ,15 988 201 522 22,9
24 Total deductions ...................... 118,0 5 152,e62 939,700 114,199,553 52,269 867,296 588 387,06
25 Net income ....................................... 193,617 892,964 ... 3,512,650 d 629.3ig 615,853 1,01,182
26 Dividend appropriations of income and surplus:
26-1 Common ..................................... ...... ... ... ... ... 564,84110 8814,000
26-2 Preferred ............................... ............
27 Total appropriations of income ....... 1i9,130 5,230 *. 1,37,887 ... ",731
28 Income balance transferred to profit and lose .... 69,487 1 77,734 ... 2,133,763 d 3 693,1 615,53 1,072,451

Ratios of Iteme

Per cent of Grand Total Capitalization: (Item 9)
3 Common took (3 to 9) 3 1.......................... 30.4 0.3 34.3 43.2 33.2 100. 45.7
4 Preferred stook (4 to 9 ....16................16.7 ... 14.5 23.6 33.6 ..
Tot apital took (5 to ) ................1. 30. 4 0.3 48. 6.8 100.0
d debt matured to ................. .2 69.6 64.2 51.2 30.7 33.2 ...
7 Other long-term debt (7 to 9) ............ .... 35.5 2.5
Total long-term debt (8 to 9) ............... 48.2 69 99.7 51*2 33.2 33.2. 54
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 40.7 22,7 23.1 38.3 31.2 29.2 28.7
12 Railway operating expenses (12 to 10) .......... 770 50.4 61.2 4.6 91.7 1 64
Railway tax accruals (1o to 10 ) 7.5 7.4 4.2 3.9 2.7 6.9 5.9 3
Railway operating Income (1 N to 10) ... 155 42.2 34,6 11.5 5.5 9.0 25.7 26.1
15 Equipment and Joint facility rents (15 to 10) .. 227
Net railway operating Inome (16 to ) ..... 18. 20.6 112 17.1:i 24:
Per cent of Total Income (Item 18)
17 Other ncome (17 to 18 ........................ 5.7 6.9 11.1 31.5 ... 30.3 6.9 2.9
1 Rent for lead road to 19) ........... 13. ... 10.1 ... ..
2 Interest on funded debt (20 to 13) *.34.7 13.0 60.0 24
21 Interest on unfunded debt 21 to 18 0.1 1. 3.3 0.2 ..

82 Ttlin4rs cruf 22to.15........
22 Total interest red 22 to 18 ... 35 13.1 87. 63.3 ... 266.9 ... 24.
2 Other deductions (23 to 11. ...... 161 3.3 3.9 ... .5 0.1 1.6
2 Total deductlona (24 to 18) 1.... 37 14.6 100.0 80.2 ... 364.5 0.1 26,4
25 Net income (25 to 11) .......................*.9.8 ... 99.9 73.6
Per aent of gat Income: (Item 25)
AF Total appropriations of inoose (27 to 25) ..65,o 1.7 ... 39.3 ... ... ..0.8
28 Income balance transferred to profit
and less (as to 25) ....---................... 35.0 9.3 ... 60.7 ... ... 100.0 99.2
Including trackage rights.
A Deficit or other reverse Item.













Great Lakea Regin
Newr York Ventral Ltaea I
Iteme Lehigha Montour Ne ok Michiga Nov Yorlk Pitteiburgh a 8
o hel&Ry. C. R. R. Ontario central a tal & Lthe.Iu
By. Co.II
1 Miles of road owned (single track) ....... .. 1:69 1541 2.3 1 8 2.116s2
Average tiles of road operated* ........... 1338 7:65-9594 ,5:' :2'1
Common took. ......... ............................. $60,501,700 $5,000,000 $5,100,000 $518,11 93 $18,736,400 $421,285,435 (43,182,72o
referredd ...tock...... l o6,300..4,001 4
5 Total capital stock .. ........ ... 60,608,000 5,000.000 5,100,000 59,117,98 l,76,466 41,28.j; 0
6 Pounded debt unmatured ................................. 77,250,000 6,263,200 2,298,000 28,8.45,000 67,525,318 684,629,139 7 10600
7 Other long-term debt......................................*. 4,050,000.... '73
a Total long--term debt ............. 77,250,000 10,313,200 2,298,000 28,8145,000 67,525,il'i 6814,62139j 733 09 10
9 Grand total capitalization ............................ 137.58,000 15,313,200 7,398,000 s6,962,993 86,261,718 1,105,914,574 50,521.309 1e2tep71
10 Railway operating revenues ............ I ...... 74,502,819 7,729,914 1,299.958 13,157,620 89,750,602 383,377,311 31,785,820 53,619.W
11 Total maintenance expenses .......... .... 25,191,14 1,565214 156,20 4,581 V6 27,063,807 1Z9132 1.1, 1 40
11-1 Maintenance o ery and structures ............. 9,35076 2,2405 M23 1,2766 1037 91 5 09 ,6 123027 0 .9 99
11-2 Maintenance of equipment .. .,8 580,949 6771 5 557 2,7 1 71 79 6 1
12 Railway operating expenses .............................5,7,9 1145,726 1,22,727 1 0,92 62~l 24,8,2Is836032 654T


5 Netincome ta ....... ino. e.................... 11, ,26, 1.53,1673 33,142 1 ,639 216 5 6,61,0 6 ,9
15 Equipment a po ft nci n m rented ......srl......... d 4,5, 9 00 0 3 060 7 5 60,6 7 9 5 2.9.
15-1 Zqulpment rents ............................. 2101 l3041 b,0 :I"
15-2 roint facility rent ........................ 1, 0 357,43n 30,622 7 9,2 4 3
16 n et rail ay operating income ................ 9,835,767 2,290,514 427,372 5,066,13T 20,998,726,92,8 2.65,554 9,000,
1 Other incoee ...... I6578ZZ6L 39 595 23 40 4263,2 1sa6 ,56n
18 Total incomwe............. ........... 114,51 5 2,3 70 41, 19.732 3O 25 io,7 51 9:4 11 25ego
19 ent for leased Toads .......... ........................,5245 46,914 1126. 2, 8449 2,7731 14, z 1 2 0
Interest on funded debt ................................3 519 3,158,935 29,2 3
22 Ios. nterest accruedddet .. ........................3 9,815 Z:321 4: 6 2297134 66001 9
21T Interest o pn tal stoe 5e t o ...................... 39 .0 .2 112 6 197 3,11, 12 29, 9 : 9 5
2 Other deductions ............................... ... 915, 09 1.16 3.18, 83 0.1 79j9 ,48








Per31 cen of4. Ra l a Op ra in Re en e (2,4em 10)5 2 0.2.924
Total deductions ............................ 7,205,558 987,30 2 431 0 6,247: 45 1 6
25 let income ............. .............................. 4,266,007 1.353,163 336,442 5,631 16,s66,558 58,565,145 6,6iigo9 6 9
26 Divend appropriations of income end surplus.
26-2 Crofmored......................................... 42510, 300,000 306,000.. 7,1494,560 30,"12,783 3,958,255 59.0
2 q Pmefntr d o...................................... ... 0 ..1..I 1
16 Total appropriations of income .(16 .......... 7,494,56o 30,622t,4o1 3.,951,i;. 2.
28 I7ncome balance transferred to profit and loss ......1 4,266,007 1 995,733 336,442 5,631 9,371,998 27,9142,658 2.5 54 00,1

Ratios of Items

Per cent of Gand Total o pitalimet:cn: (Item 9)
Common stock (1 to 9) .................43.9 32.7 68.9 66.9 21.7 381
refr ed o 1 to 9 ..................... 0.91 ... .
Toalcaitl stoto?- )..........276''Li27 s18
I nt er e on f e d deb t 0 to 9 ) ...... ................. .. 262 0 .1 .
2 Itert ong-n edr debt ( to 9) .................... .. 7.3 21
Foer cent of Raeilway Operating Revenues: (Item 10) 64 1.
11 Total maintenre expenses (11 to 10 3.8 24.0 67 1 1. 1 3




8 t e r d d u t o n 2) t 1 . . . . . . : . .* 9 4:02. 1 .: 2'. S U *9 *
12 Tai y opera tin ses to 10 2......... ....2 72.2 21.0 9 .




1s wais incom (ccu5 l (o1 3 o 17. 57.4 73.09.35
Pe cta of .et Inc me Iteo 2 ............
27 Tal apy operating incom e ( 2 to 10) .......... 1
2 Income and o int fai it r ents (15 to 10) lo.0 28..0 6 .7 140
I ean operating income (16 to 10) 1.2 29.0 32.9 .1 2312
ePer cent of Total snooma (otee 1s)oon.e7.2h s
11 Other income (17 1 to 18 ) ......................1 3 37224.80.1.60
19 ent fo leasd r o d I 2to W 2 214.5........ 82.7.811 1. 39 :
20 Interest on fudddebt (0to 19) ..................3. 222. 151. 8044.
21 Itest nufne dbtl2........................ ....., 0.2 12 01 3M3

2 5 d uo 2 3 to 8 732.05.1

27 e Totalapoain of inom me7 to2~ 25 ........ .,26.4 ~ ... ... 144.34 5.996.
281 Icm blnetanfre oprofit 10. 36100.0 100.0 55.6 4- 01 13.


se loNwKgadRgo o thi system. See also entral uterlk Region for this sYsteM.




14 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I BTEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1927




Great Laken Region

Item Pere Pitteburg & Pittsburgh Pittsburg U rabseh vetem
PeePtsug& West ShallOUt &Ulster&
Marquette Shawmut Virginia Northern Delawark Ann Arbor Wabash
Ry. Co. R. R. Co. Ry. Co. I/ R R. Co. R. R. Co. R. R. Co. Ry. Co.

1 Miles of road owned (single track) ................... 1,769.68 102.96 89.01 160.96 128.58 295.1 2,041.22
2 Average miles of road operated* ....................... 2,24 .75 102.96 92.34 19.60 128.58 293.86 25524.20
Common stock ........................................ $4 ,046,000 $15,000,000 $30,235,100 $15,000,000 $1,900,000 13.250,000 $66,5 114
4 Preferred took ..23,29,0o0 4,000,000 71 ,39 ?85
5 Total capital stock....6575,000 15,000,000 30,235,100 15,000,000 1,900,000 7,250,000 138, 699
6 Funded debt unmatured ........................... 53,881,000 9,033,000 3,973,000 3,000,000 9,083,600 112,046,oo
7 Other long-term debt ................... .............. ... ... ... 1,722,350 443,013
a Total long-term debt ...... ........... 53,81,000 9,033,000 3,973,000 1,722,350 3,000,000 9,526,613 112,046,008
9 Grand total capitalization ............... ......... 122,556,000 24,033,000 34,208,100 16,722,350 4,900,000 16,776,613 250,166,707
10 Railway operating revenues .................. ....... 44,744,593 1,896,899 4,011,616 1,859,338 1,331,568 5,615,112 67,108,154
11 Total maintenance expenses .... ......14..... 14,436,789 845,060 998075 765,370 398,085 1,863,175 21,221,815
11-1 Maintenance of way and structures .... --.......4,921,516 279,563 264,511 211,550 663 50 9,340,820
11-2 Maintenance of equipment ....................... 9,515,273 565497 733564 379,063 186,535 1,199,675 11,s0,995
12 Railway operating expenses .. .......................... 31,639,564 1,490,783 2,413,547 1,539,14 1,059,774 4,332,331 51,379,147
13 Railway tax acecruae.. ... ........ 2...,491,074 14,381 551,726 35,101 69,200 296,784 2,787,695
14 Railway operating income ................ 10,605,953 391,732 1,046,279 285,0s4 202,594 95,604 1931640
15 Equipment and joint faoility rents .... d 1.31l4 285 7g64o90,: d 10671 d8 "'19.6
11 Equipment rents/ 74,012 911,807 4
155 Equipment nd nts f.....y.en.......... ....... .....d 7n 14 70,64 911,0.97 d__ I106d 12PJ dmT7_ T d2E04,
1o2 int facility rents .. d 602725d 10.865 d 1.959.91
16 Net railway operating income ............. 9,291,665 465,372 1,947.221 175,957 154,417 780,182 9,611,677
17 Other income ...... .................................. 558,636 219,937 1,479,351 16,251 1,792 22,816 1,981,198
15 Total income ....................... 9,550,304 685,309 3,426,572 195,208 156,209 802,998 11,592,875
19 Rent for leased roads ........... ................86, 450 ... 270,728 3,000 .. ..64,94
20 Interest on funded debt ....................... 2,56 468,025 1,27,494 125 1 140,000 35
21 Interest on unfunded debts 6Z.. 95I 62,112 9 ,27 588 7 22 93 884 332
22 Total interest accrued....................... 2,564: i5 530,13 1,376:521 713,63 140,022 51 ,65 6,310,68
2 b Other deductions .................................. 22,755 105 2371 2,653 2,521 281
Total deductions ........................... 2,673,350 39 1,671,oho 719,291 142,543 546,211 6,829,265
25 Net income ......................................... 7,176,924 144,815 1,755,532 d 521083 13,666 256,787 4,763,610
26 Dividend appropriations of income and surplus:
26-1 Common ....................... 3,603,60 ... 1,814,106 ... ...
26-2 Preferred ................ 1,181,450 ..... .** 3.576,920
27 Total appropriations of income .............. ... 130,884 1,814,106 ...
28 Income balance transferred to profit and loss 7,176,924 13,931 i 13,666 256,787 4,763,610

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) ................. ........36.7 62.4 88.4 59.7 38.8 19.4 26.6
Preferred took (4 to 9) ...................... 1.3 23.8 28.6
total capital stock (5 to 9) .. 56.0 62.4 as.4 89.7
debt unmatured (6 to ) .. .44.0 37.6 11.6 612 5.1
7 Other long-term debt (7 to 9 ............ 10.3 27
8 Total long-term debt (8 to 9) .................... 44.0 37.6 11.6 10.3 61.2 56.8 44.8
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .3 2.3 44.R 24.9 41.2 29.9 2 31.6
12 Railway operating expenses (12 to 10) 70.7 78. 60.2 52.8 79.6 77.1 76
1) Railway tax accruals (13 to 10) ................... 5 07 17 1.9 5.2 5 41
1 Railway operating income (14 to 10) 2.7 20.7 21 15.3 15.2 7.3 19.
15 Equipment and joint facility rents (15 to 10) ..3.. 22.4
1 Net railway operating income (16 to 10) 20.7 2 .5 45.5 11.6 13.9 14.3
Per cent of Total .Income: (Item 18)
17 Other income (17 to 18) ........... 5.7 32.1 43.2 8.3 1 1.1 2. 1.1
19 Rent for leased roads (19 to 18) .................... 0.9 7.9 1.5 ...2
20 Interest on funded debt (20 to 18) .................. 6.0 98. 37.3 64.3 89.6 546 47.4
21 Interest an unfunded debt (21 to 18) .:: 9.1 2.9 301.3.... 10.5 .0
22 Total interest accrued (22 to 18) 26.0 77.4 40.2 3656 89.6 64.5 5 *4
2 Other deductions (23 to 18) ., 0.2 1.5 0.7 1.4 1.6 3.5 1.3
24 Total deductions (24 to 1s) .. ...... .... 27.1 78.9 48.8 368.5 91.2 6a.o 8.9
25 Net income (25 to 18) .............................. 72.9 21.1 51.2 $.8 32.0 41.1
Per cent of Net Income: (Item 25)
27 Total Iappropriations of income (27 to 25) ........ 90.4 103.3 ...
28 Income balance transferred to profit
and loss (28 to 25) .............. 100.0 9.6 100.0 100.0 100.0

Includes data for West Side Belt R. R. Go.
Including trackage rights.
A Deficit or other reverse item.




INTERSTATE C01MERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLASS I STEAMR EMWAY8 (NOT INCLUDING 81TITORING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECMBlER 81, 1927




Central Eastern Region
Hatioe I Ohin Hyte unfeiteaiF X" "" """
Akron, lt Buffalo & Ohio Sys, 4/
Item Canton & Baltimore Island &haque- A
Youngstown & Ohio Rapid Rake ie hn a cooking Illinote
Ry. Go. R. R. Co. Transit .Corporation ey
Ry.00o.2/ Ry. Co.
1 Miles of road owned (single track) ................... 9 1/ 5279 23.54 214 58 218.22 32o.61 $82.)e
2 Average miles of road operated*. 171*34 5M41:78 23.54 227.75 253.54 348.57 949.13
common tok ........................................ 11,500,000 $215 187.953 $1,550,000 lio,699,200 smoo000 $10,999,500 3 0
Preferred stock 58863,11 ... 2,000,000 ,000,000 ... 00
5 Total capital stook 1,500,000 274,051,034 1,550,000 12,699,200
6 Funded debt unmatured .............................. 3,237,000 546,943,223 8,79 000 14,4485,000 4,525,900 25,5 41.433,136
7 Other long-term debt .................. 516.145 37 J,40
8 Total long-term debt .. 3,237,000 546,943,223 931145 14,485,000 ,
9 Grand total capitalization ............... ..... 4,737,000 820,994,257 10,865,145 27,184,200 11.525.937 36,645,960 7,324.536
10 Railway operating revenues ........... ... 3,171,453 2446,078,510 3,277,823 13,410,859 1,530,183 21,o42,515 26,714,3e6
11 Total maintenance expenses .. 873,758 82,212,929 689,167 5,260,199 930.313 6,50, ,165,202
11-1 Maintenanoe of way and structures .. 500,550 30,894,282 426,217 1,53 2. 3,192,223
11-2 Maintenance of equipment ............ ....373208 51318647 262950 928 59 4. 9. 97,979
12 Railway operating expenses ...2,092,125 186:16s.521 2,246,670 9,62,143 1,553196 13,508,2 .529,900
13 Railway tax acorualse 121,071 12,286,617 247,191 615,743 12,256 521.8 1, 0
14 Railway operating income ........... 95,7 47,575,385 6oso 3 181 997 d 352b2 6:, .40 64
15 equipment and joint facility rents d 33b,252
15-1 Equipment rent, .. i a ,8 6 80 30,783 22
15-2 Joint facility rents .rent 1..0 ... 31469 22
16 Net railway operating income ............... 584,010 44,817,227 299,186 3,518,239 161,405 4,930,766 2,291,709
17 Other income .... .................................... 68,184 8,570,487 671,613 1,402,964 177,486 243770 502,379
18 Total income ............... .. ........652,194 53,387,714 970:799 4,921,203 338,891 5,17Z,536 2,794,088
19 Rent for leased roads ................................ 197,412 595,832 951,488 2 143,604
20 Interest on funded debt ................. 17.......I..... .187659 27,963,957 410,741 753, 87 182,964 11 2,148,
21 Interest on unfunded debt ............................. 1,222 1,272,816 2,948 5, 30 60 1
22 Total interest accrued ...................... 188,881 29,236,773 413,689 759, 417 183,024 1,36 2,1
23 Other deductions ..................................... 17,682 922,764 557,110217
24 Total deductions ........................... 403,975 30,755,369 970,799 1,733605 193,0 1,417 1 2.355,679
25 Net Income .................... ................... 248,219 22,632,345 ... 3,187,598 145,483 3,756,595 436,409
26 Dividend appropriations of income and surplus:
26-1 Common ......................................... 240,000 10,964,491 ... 2,557,976 1,044,953
26-2 Preferred ......................................... 2,354,528 120,000 160,000
27 Total appropriations of income ............ .. 84,680 7,327,301 419,976 80,680 5,22 245,23
28 Income balance transferred to profit and lose ......... 163,539 15,305,044 ... 2,767,622 64,803 3,751,393 193,173

Ratios of Iteme

Per cent of Grand Total Capitalization: (Item 9)
C ommon stock (3 to 9) .............. .............. 31-7 26.2 4.3 39.4 26.o 30.0 .3
Preferred stock (4 to 9............................ ... 7.2 ....3 *7 *
Total capital stock (to ) ..................... 31.7 33.4 .b7 0
Funded debt unmatured ( to ......................3 6.6 1.0 53.3 39.3 98
7 Other long-term debt (7 to 9) 4.7 0.2
8 Total long-term debt (8 to 9)................... 6.. 3.66.6 85.7 5i3 39,3 70.0
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses 11 to 10 27.6 33.4 21.0 39.2 60.8 2.6 34
12 Railway operating expenses 12 to 10 65.9 75.7 68.5 1 101 5 N.2
1 Railway tax acruals (13 to 10 ) 5.0 7.5 4,6 0.8 7.2
14 Railway operating income (14 to10) .............. 30.2 19.3 23.3 23.7 28.5
1 Equipment and joint-facility rents (15 to 10) .. 2.5 12,8
12 Net railway operating income (16 to 10) ..1.. 18.2 91 26,2 10.5 23.4
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ............................. 10.5 16.1 69.2 28.5 52.4 4.7 18.0
19 Rent for leased road (19 to 18) .................... 30.2 1.1. 19.3 0.7
20 Interest on funded debt (20 to 18) ................ 28.8 52.4 42.3 15.3 54.0 22.9
21 Interest on unfunded debt 21 to 18 ....... 0.2 2.4 0 0,1
22 Total interest corued 22 to lI ......... .. 29.0 54.8 42. 15.4 54.0 A
Other deductions 23 to 18 2.7 1 '57.4 0,5 3.l o 15
2 Total deductions (24 to 18) ......................61.9 1.0 71 27 3
25 Net income (25 to 18) ............................... 38.1 2.4 ... .8 2 9 72.6 *7
Per cent of Net inoome: (Item 25)
27 Total appropriations of income (27 to 25) ....... 34.1 32.4 13.2 55.5 0.1 55.9
28 Income baspee taserdto profit
and I es (28 to 2e ................... ...... 565.9 67.6 86.8 444.5
1 Includes 3,040.17 miles of proprietary and controlled companies. /Inludes cats ior Staten Island Ry. Co.
I includes data for Pittaburg, Besemery Lake Erie R. R. Go. and Mead* ille, Conneaut Lake A Linesville R. R. Go. JSee ale. Pocahontas Region for t, e ayate.., Including trackage rights. d deficit or other reverse item.





190 INTERSTATE COMMERCE COMMISSION
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 TIE YEAR INDEED DECEMBER I, 1927




Central Eastern Region
Chicago & Chicago, Detroit, Elgin e
Illinois Indianapolis Toledo & Joliet & Cincinnati CainnatU, Evaneville, Baltimore,
Midland & Louisville Ironton Eastern Northern Chicago & Indianapolis Chesapeake Long Island
Ry. Go. Ry. Co. R. R. Go. Ry. Go. R. R. Co. St. Louis & Terre Haute & Atlantic R. R. Co.
Ry. Go: Ry. Co.

1 Miles of road owned (single track) ...30.68 618.15 9332 195.13 205.14 1,693.20 139.76 47.77 37
Average miles of road operated* ....................... 133.21 650-34 95.69 460.57 2.23 2:396.33 146.35 130.71 ?03:95
3Oommon stock ...................................... $1,600,000 $10,497,000 $6,500,000 $10,000,000 $3,000,000 $47,028,700 04,290,000 1,000,000 $34,110,250
Preferred stock ................................ 4,991,300 5,9&946 .. 9,998,00 1.500,000
5 Total capital stock ..................... 1,600,000 15,48,300 12,489,948 10,000,000 3,000,ooo 57,027,200 4,2g0,ooo 2,500,000 34,110,i50
6 Funded debt unmatured ................................. 5,632,068 27,360,89 4,394,400 13,070,000 2,094,000 153,137,197 1,290,000 60,99,6
7 other long-term debt .. .........................2,751,500 ... 10,333,78 379,186 2731923 17,2:
8 Total long-term debt ........................ 8.,383,568 27,360,289 4,394,4oo 13,070,000 2,094,000 163847095 379,16 4021923 72,2644
9 Grand total capitalization ........................... 9,983,568 42.149,1l9 16,884,348 23,070,000 5,094,000 220,498,185 4,669,186 6,521,923 106,374,684
10 Railway operating revenues ........................... 1,60,012 18,542,197 8,671,353 24,281,541 4,636,369 91,185,737 2,522,858 1,466,381 40,886,581
11 Total maintenance expenses ... .................... 1,222,351 .759, 02 3,325,062 7631,658 1,462,197 30,441,751 659,65 549 ,6 11,782,193
11-1 Maintenance of way and structures ........... 436,526 1: 932147 1,593,951 2,493,011 561,914 11,103,049 32.24 1'41,J3 5,510,01
11-2 Maintenance of equipment ........... ...........725855 1 5 3 1,131,111 5.13g,6 89 3 19,3 02 3 5 407 b271,32
12 Railway operating expenses ............................ 2,67,150 135 1 6,953487 17,000,309 3,153,64 70322,699 1,708955 1,569Z 30,11 6
13 Railway tax accruals ...... ........................ 60,614 19,593 436,837 1,379,127 344,804 5,047,015 75.874 49,141 2,472,1
14 Railway operating income .................... d 4.9 4 4,o blo5 1,280,020 5,900,159 1, 3 15,100, 60 737, d8
15 Equipment and Joint facility rents ............. d....&d 14.245.39b 644.0 d 22,0 d
151u qupmn rents ........................... .4A 31 d IIMLR2 d ...097--7T-
15 c Ji facility rents ............................ 7.'i ojj5b d ,6 dn-. MFT
16 Net railway operating income ................. 2,822,709 635,923 4,178,780 796,118 14,603,066 234,537 d 16i.56o 6,162,579
17 Other income................. ......... .............. 131,042 1 2 61,974 1424,92 146,2147 709,1146 7,357 17,0814 773,24
18total Income.............................. gg 32,00 2,9;5:;09 697,197 4,603,079 043,065 l312,212 2141.924 d ".7 6,935,827
19 Rent for leased road ............................. 156,025 3.957 467,290 2,356,060 ... 53,318 ... ... 60,001
20 Interest on funded debt ............. .........380,99 1,374 84 222,521 b71,625 96,167 7,426,959 17,11 195.991 3.177.977
21 Interest on unfunded debt ...2,322 3 121,976 76 22,170 4 4 612097
22 Total interest acrued ..................... 353,218 13 8,3 3 344,497 672,387 105, 5 7,449,129 63,5 19599 3,298951
Other deductions....................................... 3,595 12,07 20,120 29,384 5,5 504,383 22 42,56 3,6 3
2 Total deductions ............................ 542,138 1,429,374 131,907 3,057,531 110,960 8,536,830 63,92 242,585 3662,555
25 Net income ......................................... a 1,566,332 d 134.010 1,545,241 732,105 8,775.382 178,100 d__1Z.961 3.273.272
26 Dividend appropriations of income and surplus:
26-1 Common ................. ..................... 734,790 ... 600,000 300,000 3,644,724
26-2 Preferred .. ...................................... 199,652 499,925
27 Total appropriations of income ............ ... ... .. 300,000 4,19 ,219
28 Income balance transferred to profit and lose ........... 14.1 1.566,332 1,545,241 432,105 4,581,164 178,100 & 3,272,520

Ratios of Items

Per cent of Grand Total Capitalisation: (Item 9)
3 Common stock ( to 9) ................................ 16.0 24.5 38.5 43.3 58.9 21.3 91.9 15.3 32.1
Preferred stoc (4 to 9) ............................ .. 11. 3.5 4.5 23.0
Total capital stock 5to ) .................... 16.0 31.0 4'.3 o59 5. 919
Funded debt unmatured (b to 9) ................ 56.4 63:9 2.0 56-7 3.3 .5 9
7 Otheron debt (7 to 9) .....................6 19
To long-tm debt (8 to 9) ..................4. 63.9 2 60 56.7 4169
Per cent of Railway Operating Revenuee: (Item 10)
S(1 Toalminenne.xpnes(1.o.0).67.6 31.1 38.3 31.4 1.5 33.4 26.1 37.5 28.8
12 Railway operating expenses (12 to 10) .......... 119.9 73.2 60.2 70.0 6s.0 77.1 67.7 107.0 73.6
13 Railway tax accruals 1 10 ...... .................9 ...7 7.4 31
Railway operating income (14 to 10) ... 21.9 14.8 24.3 24.5 17.3 29.2 ... 20.2
15 equipment and Joint facility rents (15 to 10) .......
1 Net railway operating income (16 to 10) ....15.2 7 17:2 12 160 9 1.1
Per cent of Total Income: (Item 18) t
17 Other income (17 to 1)......... ....... 9. 9 9.2 '5.5 15.6 3,1 11.1
Rant for lased roade (19 to 18).. 1.3 66.9 51.2 3.4 ... ... 0.8
20 Interest on funded debt (20 to 18) .................. ... 45.9 31.9 14.6 1119 42.9 7.1 ... 45-5
21 Interest on unfunded debt 21 to 18).*..... 0.1 17 1.0 0 2 1.
2l interest accrued 22 to 18 ... 46.0 9 1543.023
2 Other deductions (2) to 18 o.4 2.9 0:6 0.7 2.9 0.1 ... .4
2 Total deductione 24 to 18). .*. 47.7 119.2 66.4 13.2 49.3 26,4 ...
25 Set income (25 to 18) ....... ....................... 52.3 33.6 85.S 50.7 73.6 ... z7.
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ... ... ... 41.0 47.8 ...
28 Income balance transferred to profit
and lose (28 to 25) **. 100.0 ... 100.0 59.0 52.2 100.0 100.0

/ See also Great Lakes Region for this system.
Including trackage rights.
A Deficit or other reverse item.




INETTAE.~ii LCOMMRCEMU~ 1OMISIONA
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN PROM PRELIMINARY REPORTS OF OTAS8 I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YBAR EN D EGEIMBER 1, 1927




Oentral Eastern Region
Pennsylvai Bst a -on ttd. andng te
Item Pennoyl- West Jersey Atlantic Gentral Port Western Wheeling &
vania & Seashore City R.R. Co. of Pekomen Reading Reading Maryland Lake fre
R. R. Co. R. R. a. R. R. Co. New Jersey R. R. Co. .

1 Miles of road owned (single track) ................ 3,027.20 341.03 161 27.0 38.21 19.71 556-33 623.72 486.
2 Average miles of road operated* ...11......0.....61....6.0.. 10,.1118.77119916l204.41"
Common :took ....................................... $499,265,700 $11,586,450 $2.620,100 *27,436,800 $1,500,000 $2,000,000 $699 100 $50,864.098 $]T,
Preferred stock .16/ 98,2 0 1, 000,000 69,96850 ;6,303,0 S 0,
5 Total capital stock ...... 499,265,700 1 4727,436,00 1,500,000 2,000,000 139,
6 Funded debt unmatured ........... ................ 599,926,899 5,098,289 7,700,000 63,017,000 1,922,100 1,500)000 119,82,805 65,997,566 26,353,100
7Other long-term debt ............................ ........ 9.. 3241I4
8 Total long-term debt.................. .. 599,926,899 5,098,289 1721,44c 63,017,000 1,922,100 1,500,000 120,150 3o s97,sti 26.353,i66
9 Grand total capitalizsation .......................... 1,099,192,599 16,782,989 21,041,540 90,453,800 3,422,100 3,500,000 260,101,313 143,o64,714 82,221,958
10 Railway operating revenues ........................... 664,851,023 11,643,817 4,205,844 58,745.712 1,277,648 2,427,509 92,590.436 21,866,171 18,129,5SG
11 Total maintenance expenses ...... ..................... 228,8083 3,837,279 1,286,043 18,324,382 212,49 462,112 33, .6844 7,841,J2 7029,
11-1 Maintenance of way and structures ......... 87,92952Z 1.921:567 939,519 5,460,520 136 40 328,490 12, 61,s a
11-2 Maintsnance of equipment .................. .... 140,878, 61 1,915,712 3 6,524 12, 0862 76 4 133,622 20 7V552, O
12 Railway operating expenses ........................... 510,668,662 9,847,874 3,840,589 43,34 247 789,191 1,355.375 71, 14,993,32 1
1 Railway tax accruals ................................ 35,709,749 80,848 448,394 3,7 8,302 66,47 196,633 5,184,747 i, 80,026 1,462
1 Railway operating Income .. 11,3 01 912,41.4 d 83 8 11,6 9,192 421,610 8 15 515 937 5.61.74 2.948.
15 Equipment and joint facility rents .............. 8 6 d6.4718 1,27 18 9,89 99.
15-1Equiment rents ....................... d12h. 9 139 --7 :9 d
16 Net railway operating income ................ 103,977,303 546,701 dJ4,43 10,383,653 337,005 130,244 16,790,121 6,131,593 3,048,020
17 other income.......................................... _:.....432696 271,575 Z4 ,52 1,6844 808 53. 39,977 5 095,4461 250,546 25 58
18 Total income .......... 1...................... ....1,29 818,2R d3 I 12,068 4461 13921 2638,4

19 Rent for leased roads ........... ..................... 47,029,935 2,376,835 ... 2,824,933 85,130
20 Interest on funded debt ...................... 29,893,588 206,462 377,055 3,093,193 96,105 75,000. 4,874,333 2,948,49 678,103
21 Interst on unfunded debt ............................ 45 ,8 15,701 13,002 461,229 32 1 195,719 31 19,119
22 Total interest accrued ................... ... 3,246 222,163 390,057 3,554,422 96,137 75,001 5,oO,o52 2,94g7 897,222
RTter dotia dedutio............ ....... .....30 22 219 7 477 ~ 6644,600 1,90 3,356 4397Zj~,1,2
2Ttlddcin............... 78,997,043 2190 44,8934 6,595,857 98,0u 78,357 8,38,2 3,1 7,06 90,4
25 Net income ............... ........................... 69,217,256 576,306 & 771.512 5,472,604 292,300 91,864 13,496,660 3,275,078 2,394,833
26 Dividend appropriations of income and surplus26-1 Oomon.r ..................no oin eanoup ..... 34,949,500 289,661 ... 3,292,416 150,000 ... 5,599 12.
26-2 Preferred .......... 2,. ... ..... .
27 Total appropriations of income .............. 40,170,900 121,350 ... ..2 I,474 49,32 1126i
28 Income balance transferred to profit and los ......... 28,046,356 454,956 8 _112 5,472,604 268,408 58,597 9,829,171 3,225,766 2,282,771

Ratios of Items

Per cent of Grand Total Capitali stion: (Item 9)
S ommon a (3 to 9) .......... ................... 45.4 69.0 12.4 30.3 43.8 57.1 26-9 35j
Preferred stock (4 to 9 .,.0.6 4.8 26.9 IS .7*
Total capital stock to ....... ......4.469,6 172 j0.3 443.8 U.57.1 7.
Funded debt unmat ued Cto.................5I46 30.44 IN. 9.7 56.2 42.9 .1 13.
7 Other 1long-term debt (7 to.................., 9. 46.20...
a Total long-term debt (8 to 9)............... ....54. 30.4 82.8 6 9.:7 56'2 44. 46.246.13i
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10. .344 33.0 30.6 31.2 16.6 19.0 36.2
12 Railway operating expenses (12 to 10 ...76.8 8 .6 91.3 7 ,g 61.8 55.8 776 8 7
1 Railway tax accruals (13 to 10) ...... .............4 76 10.7 6.14 5.2 .1 1
1 Railway operating income (14 to 10) .. 17.8 7... 19*. 33.0 36.1 11 220 .
1 Equipment and joint facility rented (15 to 10) ....... ... .. ..0
1 Net railway operating income (16 to 10) .......... 15.6 4.7 17,7 26.4 5.4 18.1 28.0

Per ent f Ttal ncoe: (tem18)
17 Other inome (17 o 18) .............................29.4 .2 14.0 13.7 23.5 233 3.9 77
19 Rent for leased rada (19 to 18) .................... 32.0 19.7 ..9 1
20 Intrest on funded debt (20 to 18) .................... .. SO,3' .3 25.7 '244. 444.03 0.
21 Interest on unfunded debt (21 to 18 ................0. 1.9 ... 3.8 2
22 Total interest acred 22 to 8 ........ 27.2 ...29 24.6 44.0 23.2 2
Other deductions (23 to 18) ..................... 1.1 2.4 .5 0.5 2.0 2.2 1 27.
2 Total deduct Ions 124 to 18) .................... 7 14. 1: a62.

Per cent 'of Net income: (Item 25)
27 Total appropriations of income (27 to 25) ........ 58.9 21.1 ... ... 8.2 36.2 27.2 1-5.
28 Ilnoeebalanom transferred to profit
8 I o s (28 to 5 2..... ........... ... ..... 41.1 78.9 ... 100.0 91.8 63. 1 72. 1 98*5 95.3
V1 Represents debenture stook.
AInolaud track e it em,
&Deficit brother rvseitem.





110 ~~~~INTERSTATECOMREOMISN
BTHEAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL OMPANIES) FOR TmE YEAR ENDED DECEMBER 81, 1927




Pocahontas Region Southern Region
ema e & Richmond,
Iteml Cheosapak I/ Norl buFrgdriks Virginian Atana & Atlanta, AtlanticO Caleston
Ohio Ry. Co. Potomac O)' 0. WetPon Coma coast Line Carolin .R o
Ry. Co. R. R, Co. R. R. Go. R.R o. R. R. Co. y Co

1 Miles of road owned (single track) .................... ? 2,264.62 2,205-79 114.84 504. 5 90.86 637 06 4794*56 340.9
2 Average miles of road operated* 2,677.71 2,241.57 117.62 545,16 93.19 639.88 5,078.35 342.50 309.29
3 ommonstock. ..... ..17,910,591 $140,006,300 4,4'O #31,271,800 12,463,600 Jk/924,57488 "'3R.0 $2,000 .
4Preferred stock ....I:...... 1,187,700 22,992,100 D oU ,4oJ 27,95 ,00 5iS ?01300 G
5 Total capital took ......................... 118,998,291 162,998,600 14,834,800 59,22E,500 2,463,600 29 750:755 8,5, 1,200,000
6 Funded debt unmatured ................................. 189,095,424 116,456,800 7,929,600 64,813,600 ... ... 159,403,330 5,136,000
7 Other long-term debt ............................... .. .I. 6
a Totl long-term debt ...... ............ : _. 19,095,424 116,456,0oo 7,929,600 64,813,6oo ... 159,403,33o 6,136,0 47
9 Grand total capitalization ............................ 308,093,715 279,455,400 22,764,400 124,040,100 2,463,600 & 29,750,755 241,942,730 7,336,000 4,874
10 Railway operating revenues ........................... 133,042,174 110,948,201 11.595,722 22,114,786 3,184,475 5,258,713 80,426,296 3,525,848 7,92o,044
11 Total maintenance expenses ... ....................... 48,898,777 36,9 2,944 3,442,924 6697,238 921,269 2,262 0 2
11-1 Maintenance of way and structures .............. 19,115,604 1537 40 1,414,940 2,3776g 369:370 16245,69 13229,75 6222780 9 467
11-2 Maintenanoe of equipment ....................... 29,783,173 2121, 404 2,027,984 2,3 J9689 1,017 4 16,42,6 540,272 1,9 021
12 Railway operating expenses ............... ........... 89,733,037 69,696,126 8,438,157 11, 03, 91 2, 47,176 4:943,851 64,330,235 2,728,693 5,o .728
3 Railway tax noruale... ..7.6 10,300,000 669,451 1,635,000 190,697 174,749 6,o0000 245,000 9 .000
N Wla aRailwayoperatic -in.om-e .................. ...3,3,938 i5 ~ 59:.
13 Rl operating i .. 3355 30,938,3399 496
15 Equipment and joint facility rents ............. ...... 1, 34 3,072,61 6 1 20 20 2 38 1,3,391
15-1 Equipment rents ............................. ... 3,008, 24 2,872,671. 61 0 d09208 3?b526 1,3,083
15--2 Joint facility rents ........................... 122270 199,945 1 592 4 2192
16 Net railway operating income ................ 36,320,830 34,010,951 1,875,647 9,543,203 351,417 d 66,145 10,271,334 5o4,574 3-255,C29
17 Other income ..................... .................... 2,092,324 2,184, 18 210 957 08,69 30,417 54,638 7,032,829 54,219 8,684
18 Total income ......... ......... ....... 38,413,154 361195,469 2,o86,04 10,'5,89 381,834 d 11,907 17:304:163 558:793 3.3 713
19 Rent for leased roads ......................... 369,287 100,482 648,200 ... 150 71,676 2,346,874
20 Interest on funded debt ............ 9..53.951 5,127,61 35636 3,34 .. 6,991,62d 317,Z .96
21 Interest on unfunded debt ........................... 45,291 l,209 7,691 236 260 501 73,553 3,1 1,083
22 Total interest accrued ...................... 9,299,242 5,146,830 364, 037 3,274,617 260 501 7,055,191 32073 1,08)
23 Other deductions....................................... 137,310 198,541 12,813 152,564 }98 7,615 35,3 4,30se
24 Total deductions ....................... 9,805,839 5,445,853 376,850 4,075,381 58 8:26 7,448,254 326,373 2,352,265
25 Net income ........................................... 28,607,315 30,749,616 1,709,754 6,376,515 381,176 4 19.773 9,855,909 232,420 992,44s
26 Dividend appropriations of income and surplus:
26-1 Common ......................................... 11,260,412 13,990,767 1,015,080 2,189,005 197,088 ... 8,234,270 72,000
26-2 Preferred ................ ...................... 99,778 919,692 193 1,677,300 ... ... 935
27 Total appropriations of income .............. 128,073 1,018,012 ... ... ... ... 2,846,019 11,301
28 Income balance transferred to profit and lose ......... 28,479,242 29,731,604 1,709,754 6,376,515 381,.176 d 19.773 7,009,890 221,119 992,448

Ratios of Items

Per cent of Grand Total Capitalisation: (Item 9)
Common stook (3 to 9) .. 38.2 50.1 63.0 25.2 100.0 82.6 34.0 16.4
4 Premferred stock (4 to 9) ............... 0.4 8.2 2.2 22.5 17.4 0.1....
total capital stock (5 to )..35........... 5 47.7
Funded debt unmatured (6 to 9).................. 614 7 3 52.3 65i9 93.6 ...
7 thr ong- erm debt ( to 9) ......................... .. .. ..10.
7 Other long-term debt (7 to 9)....100.0.....
8 Total long-term debt (9 to 9) .................... 61.4 41.7 34.8 52.3 ... ... 65.9 83.6 100.0
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10)...36.8 33.3 29.7 30.2 28 44.1 17.0
12 Railway operating expenses (12 to 10).... 62.8 72.8 52. 76. 9.0 0.0 7Z4 39
13 railway tax acoruals (13 to 10) .. ..6 9.3 5.8 7.4 6.0 3.3 7 11*9
14 Railway operating income (14 to 10) .............. 26.0 27.9 21.4 40.1 17.1 2. 12.4 15.6 24.2
15 Equipment and joint facility rented (15 to 10) .4 1.3 2.i 3.1 0.4 16.9
15 Nt railway operating inoome (16 to 10) 27.3 30.7 16.2 43.2 11.0 ... 12.8 14.3 41.1
Per cent of Total Income* (Item 18)
17 other Income (17 to 18) ........................5.4 6.o 10.1 8.7 8.0 40.6 9.7 2.7
19 Rent for leased road (1 to 18) 1.0 0.3 6.2 .04 70.2
20 Interest on funded debt ?20 to 18) .................. 24.1 14.2 17.1 31.3 40.4 5LS'
21 Interest on unfunded deb 21 to 0................ 1 0.4 0.1 .4 0.6
22 Total interest red 22 to 114.2 0.1 40.5
24 Othertdeductiona (23 to 18 .... 0.3 0.5 012 1.5 0.1 1.9 1.00.
2 Total deductions (24 to 185 ......................5.0 1.1 9 0 0.2 4
25 Ret income,(25 to 18) ............................... 7.5 85.0 81.9 1.0 99,8 469 6 29.7
Per cent of Net Inoome: (Item 25)
27 Total appropriations of income (27 to 25) ..... 0,4 3.3 ... ... ... 28.9 4.9
28 Inoome balance transferred to profit
and loss (29 to 25) 99.6 1 96.7 100.0 ... 71.1 95.1 1o0.0
see also Central Eastein Region for this system, Represents debenture took.
Includes 260.69 miles of Chesapeake & Ohio Ry. Go. of Indiana. s reported by company. Approval by the Commission under consideration.
Including trackage rights. Deoflit or other reverse item.






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLAS8 I STEAM RAILAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1927




Southern Region
Atlantic Coast Line System Continued
Item ceorgia Lu~ll ouiR'll C,* *olumbus A FloridaGoga uf
R.R.,Lessee LouBenderon NaChttanoeg Western Greenville East CoasetMbl
;rganiza- R. St L ai &S. Ry f R. Co. y. Co.R.. A..Co
tion R. 0 y. Co. Louie Rv. Albm
1 Miles of road owned (single track) .... 5,000.55 181.04 857.41 130.09 178 402.18 4;4.00
2 Average miles of road operated*..328.7 5,06921 199.36 1,259.78 133...2 167.5164
3 Common stock ... $117,000,000 $2,000,000 $16,000,000 $3,000,000 9 100,000 $37,500,000 S, ooo 10, 610
4 Preferred stock ... ... ... 2,000,000 4
5 Total capital took ... 117,000,000 4,000,000 00 3,00,00 100 0 ,1,700
6 Funded debt unmatured ................................. $1,893,966 233,279,020 3,200,000 17,964,000 1,543,000 225,000 64,990,000 7,192.000 7.000,000
7Other long-term debt............ ................ ..5,207 2338711 3,0000 ...1,0 ,11,0 2,0 I.poo ~ ?i~
o ota longmdebt 3,200,000 17,964,00 1,543,00 225,00 64,990,000 7,192,o6o 7,000,66
9 Grand total capitalization ............................ 5,628,007 350,287,415 7,200,000 33,964,000 4,543,000 325,000 102,490,000 20,568,374 29,411700
10 Railway operating revenues ............................ 5,666,787 144,605,117 4,127,232 22,905,626 3,187,850 1,881,849 17.59,635 1,851,804 7,099,497
11 Total maintenance expenses ............................ 1,634.995 5451, 324 1,381,308 8,009,885 1,030,318 7306o4 6,842,400 60 282,
11-1 Maintenanoce of way and structures ............5,379 ,439 7 616 3,12,693 0,17 5 ., ,
11-2 Maintenance of equipment ....................... 1,02616 12 443,85 3 692 4,885,192 630,301 217,519 2,938,108 27 1
12 Railway operating expenses ............................ 4,624,95 112,957,83 3,01 916 18,282,454 2,409,807 1,549,971 14,375,826 1,512,3 51
1 Railway tax accruals ............................ ...... .1548,690 7 ,639,855 50 97 220,4co 35,481 10601,422
14 Railway operating income .............. 886,191 24,087,731 856145 36 14 557,329 29561 1,865,708 2 ,
15 Equipment and joint facility rents ........... ......... 173,837 d 20.1097 d 11292 184:547 36,26 d
15-1 Equipment rents ............................. 6.2 173,0411 d 4 1 d 1,110 d2$O ,1.9M
15-2 Jo1int facility rents .......................... ... .2412,26b d 393 d 427H25 35,1541341 ,7
16 Bet railway operating income ................ 1,060,028 23,876,834 743,222 3,811,261 593,593 87,677 592,205 223,766 1,267,753
17 Other income ............ ............................. 2933 4,075,052 41,070 269,47 4304 29,833 947,266 21 28 1287,6
18 Total income ................................ 1,08913 1 27,951,88 74,292 41111208 637,897 117,510 1,539471 251,050 1555394
19 Rent for leased roads ...................................6041,201 232,4S go6ooc ...~? ... 1150 500 142 3
20 Interest on funded debt ..............I........... .......91,524 10,893 45. 16 9o 7 2501,0 ,9 5 ~ 4
21 interest on unfunded debt ....................... .28 209 3 21 623 9 732 6225
22 Total interest accrued ...................... 105 62 10,914,038 16o,213 911,298 92,678 12,232 3,188, 200 2 3419
Other deduotio ....... I....... I.................... ,n. 7:12~56 9,280 67,553 1118 12:31 :3180
Ttldeducticns ...... I..........................7,22251'2,4 169,1493 1,785,387 93,0961235.N2325 $350,0

25 Net income ............................................ 342,136 16,726,241 614,799 2,325,821 544,Sol 105,145 d 1.774,62 35,227 1,054,194
26 Dividend appropriations of income and surplus:
26-1 Common ... ....................................... ... 8,190,000 100,000 1,120,000 240,000 ...
26-2 Preferred ...................................... .. 100,000 799,692
27 Total appropriations of income ... 328
28 Income balance transferred to profit and loss .. 342,136 16,725,913 614,799 2,325,821 544,801 105,145 1.774_762 35,227 1,054,194

Ratios of Items

Per cent of rad Total Capitalization: (Item 9)
3 Common stock (3 to 9)................................. ... 33.11 27.8 117.1 66.0 30-8 36.6 113.7 37.4
Preferred o too 9) .. ... .............7.8 3
11 Pefersai stock 11 to ).................................A3 27.8
youded d bt uamatured (b to 912.6.4....................4. 51.0 26.:
Other long-term debt (7 to 93 .... 311.0. ....
Ta long-term debt (8......................... 100.0 6E 52.9 31o 6:2 6 3;6 2
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenaes 11 to 10 ............... 28.8 7.8 33.5 5.0 32. 388 3.3 32
12 Railway operating expenses 12 to 10 .............. .1.6 78.0 7J.1 7.8 7 8 2.11 1 .
14 RailwaY tsx accruals (13oto 1.0 ...............2. 5.3 ,1 91. 1g 10.1 62
11 Railway operating in me 0 15.6 1N.7 207 160 175 1 14 11 21.
Equipment and joint facility rents (15 to 10) ....... 3.1 0.8 1.1
Net railway operating income (16 to 10) .......... 18.7 1 16.8 18.6 4. 12.1 17:i
Per cent of Total Income: (Item 18)
17 Other income (7 to 18 ............................ 2.7 14.6 5.2 6.6 6.9 25.4 61, t 01
19 Rent for leased roads (1 to 18) .................... 55.5 0.8 19.6 ... 30 IN
20 Interest on funded debt 720 to 18) .................. 9. 1 39,0 20.4 22.0 14.5 2o6. 79.0 .4
21 Interest on unfunded debt (21 to 18 ................ 0.6 0,1 0.2 0.6 0.4 1.0 o
22 Total interest accrued 224t 18 ................ 9.7 39.1 20.4 22.2 14.5 10.4 207.1 80.0 0.
2 Other deduct in (23 to 183 1.2 1.6 0. 0.1 20:
2 feTtal deductione (241 i-'- ... ....6. 102 21. 43.4 14.10511: 1.0?
25 Net income (25 to 18 ............. ................31.4 59.8 78.4 56.6 85.4 89.5 71,
Per cent of Jet Income: (Item 25)
27 Total appropriations of inoose (27 to 25) ... ... .*.
28 Incomebaactrnfretopfi
d loss me to 25 ................................ 100.0 100.0 100,0 100.0 100.0 100.0 ... 100.0 100.0
Including trackage rights.
d Deficit or other reverse item.





BUREAU OF STATISTICS

STATEMENT OF OAPITALIZATION AND INCOME ITEMS TAKEN FROM IARY REPORTSOF IT
(NOT INCLUDING SWITHNG. AND TERMINAL COMP~ANIE) FOR THE T-R ENDE DECEMBER& 81, 1927




southern Region

Item Central of Gulf & ship Illinois Yazcoo M ississippi New Orleans orfolk
Georgia Island Central Mississippi Cntal Geatorth- Souhern A
Ry. Co. R. Rt. Co. R. R. Co. Valley Rt. Rl. Co. Or It o R. Co. Ky. Co.
SR. Io. Co.
1 Miles of road owned (mingle track) ........ .. 1,2477.87 307-14 2,25S.69 1.277.22 1249:62 23:67a16 a4s6
2 Average miles of road operated' ............ 1,911.82 307.75 4.924.59 1,709.02 162.77 27 991-7 293
Itc 22,2,4, I . ..,... .


C ooc ........ :6. :. 20,000,000 $7,013,100 $132, 00Z 09 21,553,300 $3,940,000 $7,0,000 $16,000,00 3;,0o,0
5, Total capital stock ............. 20,000,000 7,013,100 1524 ,1t25,192 21,553,3'0' 3,9L40,0'0 7,500,66 16,000,66 6,90,0
6 funded debt unmatured .... ..............................59,400,677 2,247:3,000 371,652,672 4i,4l8,oGO 2,880,900 8,2248,000 16.531,2400 1: 66
7 ,O.long-term debt. .............................. .....25 000 4 639:59 ..M
t Total long-tem debt ........................ 725,677 2,473,000 37l,652, 72 4 2,880,900 8,214,000 16531,46 1a

9 Grand total ap.talization.............................. 79,725,677 9,486,,o 526,097,6 4 67,60,889 6,20,900 15,748,0 32,531,4o044,
10 Railway operating revenues ............................. .27,641310 3,763,553 155,822,0o64 26,95,6 1,653,416 3,309,494 9,567,021 61,7,150
11 Total maintenance expenses ............................. ,521,213 1,966,122 55,91.61 1382,1 02 1,152,128 2,685,99 7.276,759
11-1 Maintenance of way and structures ............... .8,,+o,2 1,86,.0: 1,, 2 2,042 514 2
11-2 Maintenanoe of euIpme t ....................... 4,4,292 67,1 37,311, 2 O 317, 637 6 ..I 6
12 Railway operating expenss............................. 20,'5,626 3,632,20 118,92:7 220 5,0B 7 5 ,1,983 2,33,243 6,92,969 4 7.1
1.+.+ ,01,20,,, 1,68652 ,02.8 + 8,170a 6243, + 61

1Railwayx accruals ........... .......... 1,555,182 307,G0 1 2 18,6
RIla Railway operating income .......... 5,128,413 2 17.3 24,861 2,35 1l33:2 77,8 2,09,4 913b,5
15 Equipment and joint facility rents ......................i 7.34o d.IL-b _6,3 581 d2394 d348. 51Eupetrns................ .1Lb 3_2 3
1.- Uupmn ens.....................12,'42'4 2:3 , T
15-2 Joint facility rents ............................4 89,764 ---1~k17,M07 b,4 9,4J1 5 T 96 d 2,8
16 Net railway operating income ................ 5,051,073 d 25,615,627 1,599,071 370,318 554,8142 1,718,182 10,34,76o
17 Other income ........................................... .61,21 .41,126 5,869,,3 133,214 6 5 1 464 72,050 2,235531
Total income.. .............................. 5,912,291 d 307,769 31,485,510 1,73,2:25 376,763 566,306 1,790,232 12,6291
19 Rent for leased roads................................. ,627 ... ,5.,,21,831,019 ,,,207 1,. ,102 1 67,102
21 Interest on funded debt .............................. ..,085,651 008 15.922,955 5128t,281 199 3,0151,,2
20 Interet onfundd debt ...................... .. ... ,a6 2366 122,89 1 1 23,,42 41 3,05 8,2 ,99
22 T total Interest accrued ...................... .3,05,470 126,374 16,085,836 1,6:761 151,457 410M0 1 0
24 Tohe l deduction i 2 ........................... .. 3 5 ,3 1.2 3 2 25
2otal ter- edutios... ............... ,,7 7 2,6 26,21 1,0 7 12,59 7 0
25 Not income ............................................. 2,216,159 d 4426 13,066,2418 d 223,167 130,075 740,355 31,591
2pm26-1 Common ..................................... 1,200,000 ... 9,182,310 ... ... ...
26-2-Preferred .................................. .9 4 .
27 Total appropriations of income............... 1,200,000 174,923 ... 115,39 ... 714
29 Income balance transferred to profit end loss .. 1,016,159 618.7249 13,066,2419 L- 44 107,768 130,075 739,641 31,577

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 o 9) ................................. 25.1 73.9 2 .i 31.9 57.8 47.6 49. 124..
Prfre stock (4+ ,t, o 9) ... ................... 6 : + .... P
Total capital stock 05 to ,) ... 2oo1 90. 2:-0 49':2 2Z:
funded debt umtured (b to 92 1 ~
STotal lng-term debt (9 to 9) ..................... ..74.9 261 70.6 6.91 4i.2 5:4 50.75Z
Per cent of Railway Operating Revenues: (Item 10)
11 Totsal mintenenc ep:naes (to 10) 30.8 52.2 35.7 242.2 35.1 324.8 28.1 28.0
12 Railway op~rtn 1xess 2 to 10..............................72 .4 70.671459
14 Railwa.accrual. (13to 1o ......... ... 75. 8.2 7646 9 4
Railway ot inomeo .............. 18.6 17.2 87 20,2 24 21.9 1,3
1 quipmntan joint facility rental (15 to 10) .......i2.2
12 let railway operating incom (16 to 10) ...... 18-3 5. 22: 6:a;
Per cent of Total income: (Item 19)
f a e a8) ..........240..21. 9 :
Ins ofnedebt (2 to 1.. .................. .... 52.2 5. 770
21 ITort in unued debt (21 to .,,.. 95.15 52, 1.
0.2... 01.6: 0o6 .
22 Tta n acrued t................... 2.4 ... 51s 6 s 40.2 747.
2 t e e uc i n 2 t 8 . ..... ............ 4.1 1. 1. o.6 4. i. 0 5

21 Toa eutos(4t 8 ........... ..... 62595 139 08770r.69

25 Nt Incm to ) ............................... .37.5 .1:5 ... 59.2 2304
Per cent of Net income-. (Item 25)
27 Tota appropriatin O nome (27 to 25) .....524.1 ... 51.7 ...0.
as Incom aac rnfre opoi

I ncl.uding-tackage rights.
A Deficit or other reverse Item-






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM ilM3NART REPORSOF CLASS I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL 60HEANIBS) FOR THE YEAR IENDED DECEIMBER r1, 1927




Southern Region
CincinnatmiAy GeogigTeneme


ac. Z. Ga. Co. . .o.

1 Miles of road owned (single track) .................... 292.02 ... g.g 67 19575 10b.s6 4 41
2 Average miles of road operated* ....................... 314.99 338.17 01.81 1,161.33 204.05 110.17 e7y1. 1a
Comon stock ........................................... $ O $30,000 08 70 0 $2,00,000 $6,01600 $6,oooo $1,943,300 1, ,0
P Preferred stock. .. 3 350 2i:::40: n 68,000 ox o oo V
5 Total ;'pita1-stook- ....*........ 11,210:350 1434o3O9oo 6o6go 6oo66193i6 l;Z ,6 6 0
6 Funded debt unmatured ................................. 11.690,000 2,620,400 7,380,371 37,909,500 ,5661,000 1, 292,9,100
7 Other long-term debt .. ... 100,000 7 3
a Total long-term debt .. 11,690,000 2,620,400 8, 60,371 37,909,500 8,566,000 2,12 292,228,10 3,$
9 Grand total capitalization ............................ 22,900,350 14,043,800 12,446,371 43,926,300 14,566,000 4,063,536 487,696,860 .1,0
10 Railway operating revenues ........................... 10,359.494 21.611,757 4,s63.249 18,055,294 5,756,052 1,376,563 147,639,o63 3.2
11 Total maintenance expenses ............................ 3 564,o 02 1.7233 3,,9 46,01,
11-1 Maintenance of way and structure .......... 9 1,003 79447 20. 7 4
11-2 Maintenanoce of equipment ....................... 1,97Z,576 417273 922,9 31 9553 924,758 48 26, 329 5
12 Railway operating expenses ............................ 7,333,077 15:566,226 l9 13. 73 ,1
13 Railway tax accruals 7 280 1,2 243,062 1,080,000 79 66,049 004
1 Railway operating income .. 2,34764 3, 9 529,37 3,6,444 14 9 4945 3
15 Equipment a joint facility rents .. 22544
15-1 Equipen rants .................. 438,91 a 1.3 d.850
15-2 Joint facility rents ............... d1,17Td 24583,0 003 t f
16 et railway operating income ................ 2,607,30 4,709,507 420,254 2,931,071 976,798 198,706 32,765,o62 3
17 Other income .............................. ........... 625,461 76,353 29,762 213,468 178,454 6.206 7,136 671
16 Total income ................................ 3,232,769 5, 95,6 0 450,016 ,14,539 1,157252 204,91239901733
19 Rent for leased roads .............................. 203 144,461 816 ... 0,200
2o Interest on funded debt ..56.6.3.367 1,7355122 392,5 95 5 14 7
21 Ioterest on unfunded debt ............................. ..19,523 21141 2915 43,34 1,415 1, 1
22 Total interest accrued ....................... .94 163.54 349,291 1,778,4 393,500
23 Other deductiona ................ 4717 32,482 2,399 1510 2,30s 1 ,869e7
tal deductions .. ........................ 1,60517 351,60 1,79Z.872 39 ,044 98,072 17,875,177
25 Net Income .............................. ............ 2,621,765 3,815,343 98,336 1,349,667 761,204 106,810 22,026,556
26 Dividend appropriations of income and surplus:
26-1 Common ......................... ...1,017,900 986, 00 722,016 540,000 ... 9 ,806
26-2 Preferred ...................... ...........439,446 122,370 880300...2 0
27 Total appropriations of income .. 1,457,346 1,47, 713 88,400 722,016 540,000 .648
28 Income balance transferred to profit and loss ......... 1,164,419 2,327,630 9,936 627,651 221,204 106,840 18,699,908

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 ommon stock (Q to 9).......................... 34.2 63.9 16.1 13.7 41.2 47. | 26.6
Preferred stock (4 to 9) ....................... 14.8 17.4 14.2 13.5
5 Total capital stock 5 to ).................... 49.0 81.3 30.3 1 41.2 4 1
Funded debt unmaturei1 (6 to )......... ............ 51.0 18.7 59. 83 58. 59.9&
7 Other long-term debt (7 to 9) .. ..................... .10,4 11
8 Total long-term debt (6 to 9) .................... 51.0 17 97. 2.2 59
Per cent of Railway Operating ReVenues: (Item 10)
11 Total mainte ace penses (11 to 1 34.4 36-3 35.6 2.3 29 22.6 31.4
12 Ralw ti epee(12 to 10 .... .... 71.3 75.3 66.4 5 .) 70.
R Railway tax aooruals (13 to 10) ....... .. 6.7 5.8 5.0 60 9.14.8 6.
1 Railway operating Income (14 to 10) .............. 22.5 22.9 10.9 18.7 2:-5 35.9 23.2
12 Equipment and Joint facility rented (15 to 10) ....... 2.7
1 Set raslway operating income (16 to 10) .......... 25.2 216 .6 16.2 17.02
Percent of Total Income: (Item 18)
17 Other iose (17 to 18) ............................ 19. 143 66 6 154 .0 17
19 Relt for leased roads (19 to 18) ....................0, 27.0 ...3
20 Int:eest on funded debt (20 to 16) 2.6 77.0 55.2 33.9 46.s 3 *)
21 Interet on unfunded debt 2 1o) 0.4 0.6
22 Total interest acorued 22 to 16 ................. 1. 3.0 77.6 56.6 34.0 47.5 36.7
2 Oth deductions (23 to 1) ......................... 0.2 0.6 0.505 0.2 0.1 0.5
24 Total deductions (24 to 18) ..................... 18. 9 30.6 78.1 4.2 47.9 44.1
25 Not income (25 to 18) ..:............................ 61.1 69.4 21.9 42.9 65.8 52.1 55.2
Per cant of Net Inoome: (Item 25)
27 Total appropriations of income (27 to 25) 55.6 39.0 69.9 53.5 70.9 15.1
26 Imncor banne transferred to profit
an2 I os an to 25) ......... ... .... 44.4 61.0 10.1 46.5 29.1 1oo.o 84.9
IIncludea $5,650,200 -Debenture stook'.
Excludes 60,000 Shares of common stock without par value for which no consideration was received.
Including trackage rights
4 Deficit or other revere item.




266e INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIXINARY REPORTS OF CLASS I STEAM IL WAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1927




...... .Northwestern Region
Canadian Ja- Canadian Pacific System g/ 01 ter aang
Duluth, Duluth, Minneapolis, pokane Chicago a St. Paul, Gre Milwaukee
Winnipeg South Shore St. Paul & Inter- North West- Minneapolis western St. Paul
& Pacific & Atlantic Sault Ste. national ern Ry. Co. & Omaha R. R. Co. Ry. Co.
_y_ Co. Ry. Co. Marie Ry.00. o. _Ry. Do.
1 ilsof road owned (single track).............. ....1.25 582.11 4,261: 79 1417 8 8.24 1 6 1 '3.1a0273
2 Average miles of road operated*..........................178.89 589.39 357165. 9 8, 65.15 1:74'6. 3 11956 11285
Common stockc....................................$6,000,000 612,000,000 $2 M680 4,200,0 $ .100;io f1, 6 .0021,l 111,c
Prefer d st 000:00
5 Total capital stock ......... 6,000,000 22,000,000 37,810,200 4,200,000 180,832,100 29,8 ,000 9,3 .515 23351,800
6 Funded debt unmatured .......................... 7 4,991 20,308,000 107,326,700 4,200,000 277,977,200 46,919,400 41,1 4 366,9,600
7 Other long-term debt........................2,86,11b 97,846 1,295 000 150,000 ... ... az696
8 Total long-term debt ....................... 9,091,113 20,405,846 108,621,700 4,350,000 277,977,200 46,919,400 41,214,106 366,139,600
9 Grand total oapitalisation ............................ 15,091,113 42,405,846 146,431,900 8,550,000 458,809,300 76,735,400 133,557,621 599,391,400
10 Railway operating revenues ............ .......... 2,571,529 5,121,693 49,157,009 1,239,384 150,132,960 26,847,105 24,444,753 162,942,819
11 Total maintenance expenses .......................... 1,068,163 1,696,133 15,196,844 303,709 51,620,750 9,164,226 ,013,8142 63.560,222
11-1 Maintenance of way and structures ....... ....... 478.688 886,358 6501 435 207,285 22,230,791 4 273.9 2 3,374,710 2 944,845
11-2 Maintenance of equipment ............ ......... 589,1475 809,775 ,69513 96,424 29.389,959 4890,2 439,132 3 15377
12 Railway operating expenses ....... .................. 1156 4,061,518 5735,14 828,732 116,99 ,267 21,800,205 19,722,I10
13 Railway tax anoruale .......... .. .............. 131,119 370,886 2, 64,1415 5,165 9,78,o807 1,326,540 1,42,859 8,869,5o7
14 Railway operating income .................. .. 324,689 689,274 10, ,48 345,465 2 ,321,424 3,712,763 3,6 025,119
15 Equipment and joint facility rents .................... 3 19 28 d d 36 70
15-2 Joint facility rents............................ d 4,2 2 U -7222d 249t)d 9941 .9,4
16 Net railway operating income ................ 364,608 516,016 8,663,348 246,195 20,257,694 2,679,421 1,962,446 14,072,934
17 Other income ............ ............................. 2,928 94,653 466,616 5,787 2,839,826 195,666 238,450 1334911
18 Total income ................................ 367,536 610,669 9,129,964 251,982 23,097,520 2,875,087 2,200,896 5,07,745
19 Rent for leased roads .. 1,883,392 27,200 15,163 ... 44,618 1,051,471
20 Interest on funded debt ................... 280,200 876,38) 4,942,219 210,000 12,99 820 2,513,550 1,706,220 17.257.,525
21 Interest on unfunded debt ......................... ...... 432 1,822 123,694 19 3649 2,288 9,519 3,252, 7
22 Tdotal interest acorued ............ ......20,632 878,205 5,065,913 210,139 13,032,469 2,51588 1,715, 39 20510, 12
2 Other deductions .. t a u... ....... 1........ 050 2,200 135,708 3,283 123,825 39,364 39,1 166,40
R Total deductions ........................... 341,682 880,405 7,085,013 20.622 13,171,457 2,555,202 1,800,Z98 21,728,021
25 Net income ........... .................................. 25,85 4 269,736 2,044951 11,360 9,926,063 319,885 400,398 d 6,320,276
26 Dividend appropriations of income and surplus:
26-1 Common ...6}................................... ..... ... ... 6,33,228 ...
26-2 Preferred .....................................1,567,650 562,965
27 Total appropriations of Income .............. .... 214,749 7,0 562, 45A2
224797,900,879 562,965
28 Income balance transferred to profit and loss ......... 25,854 d 269.736 2,020,202 11,360 2,025,185 d 243.oso 400,39s d 6.365.92

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) ..............................39.8 28.3 17.2 49.1 34.5 24.2 33.8 19.6
Preferred stock (4 to 9 ..'' '.............23.6 86 4.9 14.7 35:1 19.3
5 Total cap ital stock 5'to 9) ..................... 3.51.9 25.8 49.1 39. 396.1 3g.9
.. 39,1 39.1
ned debt unmatured. to )..........4 7.9 73 49.1 60.6 61.1 30 .61.1
7 Other to term debt (7 to 4 13.8 0.2 0.9 1.9 ... ... 0.1
7 Total1ong-term debt (S to 60.2 4.1 74.2 50.9 60.6 61.1 30.9 61.1
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 .41.5 33.1 30.9 24.5 34.4 34.1 32.8 39.0
12 Railway operating expenses (12 to 10) ............ 82.3 79.3 72.7 66.8 77.9 81.2 80. 81.9
Railway tax accruale (13 to 10 ...5.1 7.2 6.0 5.3 6.5 4.9 4.
Railway operating income (1to 10) 12.6 13.5 21.3 27.9 15.5 13.8 15.0
1 Equipment and Joint facility rents (15 to 10) ..... 1.6
1 Wet railway operating income (16 to 10) .......... 14.2 10.1 1:6 199 15 10 0 87
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) .................. ...........0.8 15.5 5,1 2.3 12.3 6.6 0.8 8.7
19 Rent for leased roads (19 to 18) .. 20.6 10.8 0.1 2.0 a
20 Interest on funded debt (20 to 18) .................. 14.5* 54.1 83.3 56.3 7.4 77.6 112.0
21 nt0er on Unfunded debt (21 to 1) 0.1 0.3 1.4 0.1 0.1 01 0.4 21.1
22 Total terest accrued (22 to 18) 76.4 1438 55.5 3.4 56.4 87.5 78.0 133.1
2) Other deauctionso(23 to 18) ............. ...........16.6 0 4 1. 1,3 0 1*1 1:* 1.1
24 Toa' edcine( to1). 93.0 1.44.2 77 9. Z7.0 8.9 81.8 141.0
5 Net Inome (25 to 18) .. 7.0 ... 224 5 3.0 11.1 1.2 .0
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ....... ... 1.2 ... 79.6 176.0
29 Income balance transferred to profit
and lose (28 to 25) .............. ................. 100.0 ... 98.8 100.0 20.4 .100.0
see also New England Region and Great Lakee Region for this system.
See also New England Region for this system.
Including trackage rights.
d Deficit or other reverse item.






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLAS8 I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1927




northwestern Region
Duut Union
ItmDlt 4 Great Green Bay GLakea& Mineapolis Sorthern .aii Av.4
Item Duluth II .. ebe Spro & &ck U nSt.o Norther Po %ln A e
Iron Range ro thr.: N t Pacific Sra,
InNo h a rthern Western Ishemin LouieoR. R. PSethttl VhIAgo
R. R. Co. Ry Co. y.~ Go. R. R. 0o, R. R. Co. Co. .Co y C.R!Ra


1 iles of road owned (single track) .. 267.76 266.17 7,114.04 238.31 160.59 1,513.54 6, .11 494.6 2
2 Average miles of road operated* 274.95 306.25 8,1 4.14 234.15 160.59 1.627.80 6,69.95 554.2 914
3 common stock .............. ......... $6,500,000 $4,112,500 ... I 2,500,000 $4,284,000 125,199,720 $248,000,000 40,000,000 050,00,000
4 Preferred stock ... .......244.,967,250 y1/ 7,600000
5 Total capital stock 6,500,000 4,112,500 245,967,250 10,100,000 4,294,000 25.199,20o 248,000,600 40,000, 50,00.,
6 Funded debt unmatured ................................. 8,151,000 6,531,000 341,628,915 ... ... 45,074,726 318,232,000 744,4 5 9
7 Other long-term debt .. ................................ .. 1,53,855 ... 1,950000 1,48
8 Total long-term debt ........................ 8,151,000 6,531,000 3416270 ... 47,024,726 018,02,05 2
9 Grand total capitalisation .......................... 14,651,000 10,643,500 592,130,020 10,100,000 4,284,000 72,224,446 566,232,000 115,972,354 171,049,101
10 Railway operating revenues ............................ 6,648,644 15,835,414 117,904,005 1,579,392 2,322,021 14.413,217 95,574,816 8,932,62) 29,125.538
11 Total maintenance expenses .......................... 2,546,855 4,401,876 34,906,685 555,771 75 478 5,370,573 29,8 0,
11-1 Maintenance of way and structures .............. 1,197,372 2,023,166 14,812,274 307523 0 0 2,226,011 11,9 27, 1 1 95038
11-2 Maintenance of equipment ....................... 1,349,48 2,37,710 20,094,411 248,244 32108 3:144 562 17, 17 1.1a 39 3057
12 Railway operating expenses ............................ 4,700,92 7.85242 78,355,550 1,226.557 1,3 77 12,842,315 673 5,3 25 22,8
13 Railway tax acoruale ............................ . .35,412 1,904, 0 9,046,049 95,262 269,622 709,545 907,124 2,39,230
14 Railway operating Income .................. 1,9,314 6,072, 16 30,502,604 257,19? 687, 8 69 18,792,944 2, 4,558,710
15 Equipment and joint facility rents ...31.53 d.. 64 6 6 46 3 799,93 -4 5 9
15-1 Equipment rents .. 50,753 25,1 11 1,728,210 *
15-2 Joint facility rents .......................... d 1d 2.,071,83
16 Net railway operating income ................ 1,440,967 6,017,497 29,202,540 223,693 655,989 184,694 22,592.837 2,454,087 2,93o,746
17 Other income...470,153 907,44 12,575,273 78,419 31,294 134,625 11.435,o64 333,612 3
18 Total inome... .1,911,120 6,924,945 42,04081 302,112 657,283 319,319 34,027,901 787.699 3. 0A
19 Rent for leased roads .......................... ....... ...207,021 116,549 851,471 42,9
20 Interest on funded debt .............................. 40,5 341,288 1,349, 65,000 5,4 2,016, 14, 02 3,02018 3
21 Interest on unfunded debt .... 0 2944 240 6187 97 ,501
22 Total interest accrued ................. 408,636 344,232 165,240 5,51 2,20 46 3, 3
23 Other deduction .................................... 4,628 25 0 87,748 510 561 179,237 573 37
24 Total deductions.......................... 413,264 19,054,890 65,750 6,3O 2,33,512 15,89,47 3.5 4,
25 Net income ......................................... 1,497,856 6,633,562 22,955,923 236,362 68o,903 d 2.064.193 18,538,424 4 751.49 L 32131
26 Dividend appropriations of income and surplus:
26-1 common .................................. ...... 975,000 4,112,500 ... 125,000 1/3,427,200 ... 12,40oooo
26-2 Preferred ......................................... ... 12,447,355
27 Total appropriations of income .............. 18,232 13,440 12,462,599 125,000
28 Income balance transferred to profit and loss ......... 1,309,624 6,620,122 10,523,324 111,362 680,903 d 2,064,193 18,538,424 d_751,149

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
common etock (3 to 9) -.............................. 44.4 38.6 24., 100.0 34.9 43.8 34.5 29.2
Preferred stock (4 to 9) .................. .......... 42.0 75.2 142.0
eTotal capital to6k (5tto 9)4 ..... 4 42.0 100.o 100,0 3 a 14.5 29*
F funded debt unmatured ( to 9)14 57.7 ...2 50 4.2 55
Other long-term debt (7 to 9) ....................... 0,3 ... ... 2.7 .1' 1.2
8 Total long-term debt (5 to 9). .................... 55.i 61"4 5.0 ... 65,1 5. 65.5 7.
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) ............... .8 27.4 2.6 35.2 31.2 37.3 31.2 26.4 37
12 Railway operating expenses (12 to 10) ..70 .7 49.6 6 .4 71.71 71.0 .8 7.2
Railway tax accruals (13 to 10) ...................... .1 12.0 7.7 6 99 9, 20 .
Railway operating income (14 to 10) .. 21.2 39.4 25.9 16.3 29.6 6.0 19. 292 5
Equipment and joint facility rents (15 to 10) 0.5.... 0.5 ... 3
Net always operating income (16 to 10) .......... 21.7 38i. 2 14.,2 25 1.3 23. 2j.; 16-0
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ............................. 24.6 13.1 30.5 26.0 4.6 42.2 33.6 12.0 19.9
19 Rent for leased roads (1 to 18) ..................... ... 3.0 0.3 0.1 1.6
20 Interest on funded debt (20 to 18) ................... 1.3 5.0 43.7 21.5 0. 631.5 43.2 108.3 103
21 Interest on unfunded debt 21 to 18)................0.1 ... 0.2 0.1 58.8 0. 0.1 6
22 Total interest acorued 22 to 18 .................. 21.4 5.0 43.9 21.6 0.8 6N.3 43. 10,4 1.5
Other deductions (23 to2 .1.1 0.2 0. 7.1 17 17.0 2.
2 To t al dedutions (24 to 18) .. 1.6 4.2 45.3 21. 0.9 746.4 455 127.0 109.3
S Net income (25 to 18) .... 78.4 95.8 5.7 78.2 99.1 ... 5
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ....... 12.6 0.2 54.2 52.9 ... ... ..
28 Income balance transferred to profit
and lose (28 to 25) 87.4 99. 45.5 47.1 100.0 ... 100.0

Y Represents debenture stock. & See also Central Western Regton for this system.
3,Represent a interest on debenture tock. aIncluding trackage rights.
Incld12 5,5856,000 stock divisd !I Deficit orpother reverse item.




26 INTERSTATE COMMERCE COMMISION
28t;0
BTUAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARy REPORTS OF CLASS I STEAM RA
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECE E 3, 1927




Oe___ Wetllorn Region
Atchison I Ingo R e P/
ItT oseka B igham & Chicago, olorado Fort Worth Quincy, Chicag
Atchison, Garfield Burlington ouen nnerOma.ha & Alton R. R.
Topeka & fy. Co. & Quinicy Southec. & Dene.0 Kansas Cty Co.
Santa Fe Ry.# Co. Cit Ru Go.
fly. Co. 1/ R.[ R. t o. R. R. Co.
I. iles of road owned singlee track) ............ 1 P 30 6-9909 5 4.5611
Average miles of road operated* ...... 12,320.:75 33-59 9,390.00 1,051-35 499A1 249-75 1,3 4

Common stok S232;,409,500 $7,500,000 $170.839.100 131,000,000 $9,2143,800 16,ooo,ooo 1.3go
4 Preferred etock 1214,172,800 ... 17,000,000 2,3 0
5 Total capital stock ...........................356,582,300 7,500,000 170,839,100 48,000,000 9,2143,i006 6,ooo,0O 9.7,0
6 Funded debt u.matured................................. .277,125,920 222,904,000 42,771,900 8,947,200 ... 88,952,00
7Other long-term debt ... ... 2Z9,918 .. 1705
8 Total long-term debt :::..... ..............277,125.920 222,,9014,00 42,771,900 912 17,118 ..88,99O :505
9 Grand total capitalization............................. 633,708,220 7,500,000 393,743,100 90,771,900 18,49o,918 6,0o,o00 128,762,705
10 Railway operating revenues ................. ........ 255,617,925 4S5,657 156,320,454 12,959,440 12,3620,993 07,175 28,345,728
11 Total maintenance exenses.................................2,651,633 206.341 50,15,553 5,591,573 4,14 ,14 504, 229 9667
11-1 Maintenance of way and structures ............... ... 1 813 13? 107,083 23,6,7 2,b93, 00 2,18,766 375:8Z 3,692,7
11-2 Maintenance of equipment ........ .................... 96 99,28 26,4s6,675 28 ,566 1, Z59,508 1291400,
12 Railway operating expenses ............................ 172 ,267 0111,917,503 10, 2 9

Riwy Railway cper ating .i nco................. d0 6i.197 32,6714,979 1.6414 3,3 9 010txacal. .................1 6 146,0l,6, d8 788,I 455,0'i4 1
15 Equipment and joint facility rents .......................19,I
15-1 quiienime rent................................ .. 6 206,,]11ll 20',d 71,, d.
15-2 Joint facility rents.......................... i 4 99_4_ 2,16,6 d 1 ,91 F 7 d 8
16 Net railway operating Income.................. .54,603,104 193,564 2,143,308 1,214,511 3,212,882 d 17'o02 2.733,521
17 Other income......................................... 6,444,6 61, 2,881,907 ,723,3147 445,494 7,630 256,712
is Total income .............. ............. .61,0147,03 255,49104 31,025,215 937,959 3658,366 d 171.672 2.990,233
19 en t for leased roads ...................... ......... 10,378 149,519 112,954 30,822 ..
on funded debt...................::..... ..1,2:5,0:8 9,126,4 1,883,187 507,90 ... 3,41
21Itrs nufne et............... d 2 ,.09 26 129,863 1,001 17,868 1,972 05,13
22 Total interest accrued .6............... 911,0 6 256,321 1,514,188 525,818 1,972 4,27,109
23 Other deductions ........................................ ....9 21,167 176,252 30.739 116 .684 .. 149,1459
14 Total deductions .......................... ..1,o,143 21453 9,52,2 2,027,581 673,324 1,972i I4,6713
25 Net Income........................... .................. 49,7514,117 2314,001 21,443,123 14,909,977 2,985,042 d 173,644 d 1.685.280
26 Dividend appropriations of income and surplus:
26-1 Cammon ............... ............................23240,950 300,000 17,083,815 9300 4,521,549....
26-2 Preferred e................................... 62086.0 M". 680,000 54l
27 Total appropriations of icme.................... 29,519,818 300 0 17083, 1,61000 4,521,49 5
28 Income balance transferred to profit and loss 7....... 20.235,299 0 21,A,4,359,308 3,2,99.977 d 15016-11 d 1d68 17.625

Ratios Of Items
per cent of Grand Total Cpitalieation: (Item 9)

Comm on ......................................... 3 000 1 43.14 314.2 50.0 1000 1.2
*telredatal stock, 5 to).. ..................... ...1. 100.0 4 2 9 100 .0..
S Funded debt unmatured ( to 51:4 7.. .4
7 Other 1ong-term debt (7 o o ................ 1 6
8 Total long-term debt (8 to 9) .................... ...143.7 56.6 147.1 50.0 d .. 6H
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance eipanses (11 to 10 ..... 6.2 142.5 3243.1 33.5 62.5 341
12 Railway operating expanse a 12 to 10i u97 83.11 71.N 82.9 98.1 110,5 78.5
13 Railway tsx accruals (13 to 10) .......... ............... 8 17.9 7.5 6.1 4.5 7.1 4.3
1 Railway operate income (14 to 10) .............. 22.5 ... 20.9 10.9 27.3 17.1
1? Equipment end joint facility rents (15 to 10) ..... 41.1 .
10 Net railway operating income (16 to 10) ...21.14 39.9 18.09.1 26.10 ..
Per cent of Total Income: (Item 18)
17 Other Inome (17 to 18) .........................6 24.2 9.3 82 12.2 .6
19 Rent fo r leased roads (lIto1) 0. 1:9 0.8 ... 9.14
20 Interest on funded debt (20 to 18) ................... ... 5 ... 29. 27.2 13.9 ... 11i
21 Interet on unfunded debt 21 to 18 ................
22 Total Interest acrud (22 to 101 ... ........1.92 &4i 1:o
2 Other pduction (23 2to 1) ....................... .. .4 o.6 0.14 3.2
2 Toal de dution t 18) ........................... ..1--5 8. 10.9 29.2 18.
25 Net income (25 to 1) )................................. 81,5 9. 19.1 70.8 81:
Pe cent of N t Income: (Item 25)
27 Total appropriations of income (27 to 25) .59 79.7 32.8 1515
28 Income balsnce transferred to profit
end lose to 25) ..........20,3 ...............67.2 1
1/Includes Gulf, Colorado & Santa Fe fly, Co, and Panhandle &~ Santa Fe Ry. Go. 1/See also Southwestern Region for this system.
'Including trackage rights. Deficit or other reverse item.






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OP CLASS I STBAM ILWAY8
(NOT INGLTIDING SWITCHING AND TERMINAL COMPANIES) POR THE YEAR ENDED DECEMBER 81, 1927




central Western Region
Hook innArmbane Bokern
Item Ri r Denver &Nevada Northwest- Ghicago,
Western Salt Lake Northern orn Pacific Rook Island ok
R. R. 00. Ry. Co. Ry. 0. R. R. Co. a Gulf & Pactfe southern
Ry. Go. RY. Go. Pacffc Co.

1 Miles of road owned (single track) ..... 2,474.49 252.00 165.71 514.68 12.44 5) 1 .
2 Average miles of road operated* ...................... 2,552.69 255-15 165.87 77.61 483.01 7,19.39 8
3 ommon stok .......................................... $72 4 539 $5,110,035 $2,000,000 435,000,000 8 469,ooo #74,359,723 6372.300.906
4 Preferred stock .................. ..................... .., ..00...* 0,3 545 9, 89
5 Total capital took ............ ............ . ,744.339 5,110,035 2,000,000 35,000,000 469,000 128,909,21P 372,390,
6 Funded debt unmatured ................................. 117,450,000 13,500,000 29,915,soo 9,656,000 248.185,000 ,
7 Other long-term debt ............................ 50 2,179,910 12,5950905 3 092352 13 5
I Total long-term debt .... 117,450,00 13500,000 32,098,710 22:551,985 251,277:352 ,
9 Grand total oapitalization ........................... 206,194,339 18,610,035 2,000,000 67,09,710 23,020,985 30,186,564 748,562,178
10 Railway operating revenues ........................... 33,121,169 4.110,286 974,814 6,606,409 7,159,065 132.927,925 226.955,798
11 Total maintenance expenses ............................ 12,545,431 2,326,400 213,595 2,235,620 2,110,820 44,061. 6
11-1 Maintenance of way and structures .......... 6 7 41 1,105,933 145,142 1,235,79 1,232546 17 a
11-2 Maintenance of equipment ................... .61 950 1,21767 6 56 99 77
12 Railway operating expenses ............................ 25,079,216 3,375,502 171,537 5,362,096 5,062,7 9 7 01
1 Railway tax acoruals .................................. 2,390 000 7,7JO 154,302 45,83 282, 9 7 17 016
14 Railway operating Income .................... 5,6546. 4 646,049 34 b38 754735 1,912,0 2 61
15 Equipment and joint facility rents .. .............73 6,176 33,858 2, 6 1.13 1 162,
15-1 Equipment rents ........................... 0... .. 79 ,279 5411 150
15-2 Joint facility rents ........................... 32,897 5 2
16 Net railway operating income ................ 6,391,040 679,907 351,124 613,599 1,509,299 21,927,424 45.302,629
17 Other income ........................ 10.., .......... 5,05as 4,72 47,751 49,293 272,625 2,201,639 945.852
15 Total income .............. ............... 6,606,055 76,6149 395,905 662,582 1,791,924 24,129,063 7449,481
19 Rent for leased roads ................................. 102,228 1,500 612 3,30 1,566,09 33,299,963
20 Interest on funded debt ............... ............696,371 633.500 1,353,042 1,166 0 10,01,12 10, 210
21 Interest on unfunded debt ........................ -...,604 24 5 23,337 74 422,39 7
22 Total interest accrued ...................... 3,699,975 634,324 85 1,375,379 1167,224 10,435.9 10 8
23 Other deductions ...................................... 827,999 950 1 7,7 0606 172,253 1 6853
24 Total deductions............ ... .. ........ 3,530,202 636,774 698 1,454,139 1,171,130 12,175,027 45,351,al
25 Net income ........................................... 2,775,586 131,575 398,207 d 791r257 610,794 11,954,036 29,296,667
26 Dividend appropriations of Income and surplus:
26-1 Common .................................... ...... 300,000 3,717,900 2,342,654
26-2 Preferred 3.............3567,185
27 Total appropriations of inoonse............... .. 783,050 14,951 --. 7,285,085 5,000
28 Income balance transferred to profit and loss ......... 1,992,506 131,875 395,207 d 806.208 610,794 4,665,951 29,291,667

Ratios of Items

Per cent of Grand Total Capitalisation: (Item 9)
3 Common took (3 to 9) .... .......................... 35.1 27.5 100.0 52.2 2.0 6 49.7
4 Preferred stook (4 to 9) ............................ 7.9 1 ...
Total capital stock (5 to ?) .................... 43.0 27.5 100.0 52 2.0 33.9 49
Funded debt unmatured (6 to ) .. 57.0 72.5 4.6 42.0 5 3 32.
7 Other lon term debt (7 to 9) ............ ... ... 3.2 56.o 0.8 18.3
Total ong-term debt (a to 9) .................... 57.0 72.5 ... 47.8 98.0 66.1 50.3
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses 11 to 10 38.8 56.6 21.0 33.5 29.5 33.1 28.6
12 Railway operating expenses 12 to 10 .. 75.7 82.1 48.4 81.2 70.7 73.9 70.5
1 Railway tax accruals (13 to 10 .. 7.2 2.2 15.8 7.4 3.9 2*
1 Railway operating income (1 to 10) .. 17.1 15.7 35.8 11.4 25.3 ,1.
1 Equipment and joint facility rents (15 to 10) ....... 2.2 0.8 0.2 ...
1 Net railway operating income (16 to 10) .......... 19.3 16.5 36.0 9.3 21.1
Per cent of Total Income, (Item 18)
17 Other income (17 to 18) ............................ 3.3 11.5 12.0 7.4 15.3
19 Rent for leased road (1 to 1) ... 1.6 0.2 0.2 0.2 Z.5 *:1
20 Interest on funded debt 20 to 18) .................. 55.9 82.4 204.1 65.5 45 14*3
21 Interest on unfunded debt 21 to 15 0.1 0.1 .. 3. 1 0
22 Total interest acorued 22 to 18 ................ 56.0 82.5 ... 207. 6.5433 I
2 Other deductions (23 1) ......................... o.4 0.1 11.7 i07 1.
2 Total deductions ( to 18) ...0......... .0 82 0.2 219.3 0 67 **
25 Net income (25 to 15) .......... ...................172 99. 3 3 9.5 392
Per cent of Net Income; (Item 25)
27 Total appropriations of income (27 to 25) ........ 28.2 ... ... ... ... 60.9
28 Income balance transferred to profit 00.0
and lose (28 to 25) ...............................71. 100.0 00,0 :.. 100.0 391 10
1ee also Southwestern Region for this system.
V Includes Southern Pacific Steamehip Lines.
Including trackage rights.
d Deficit or other reverse Item.




26 INTERSTATE COMMERCE COMMISSION
2860 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, 1927




Central Western Region
Toledo, U nP jzS mL/ it..
Item Peoria & Los Angeles Oregon St ra Union UtJos
Western & Salt Lake Shrt Line Grand Unio Uta Western
Island cific Ry. Co. Pacific.
R. R. R. R. Do. F. R. Co. Ry. Co. R. Co. R. R. Co.

1 miles of road owned (single track) ..................... 230-90 1,0732.2 2,3I2 257.99 3,70O.14o I 05 1 o43
2 Average miles of road operated'. ...................... 239.10 1,2 8.86 2,53. 9 25-850 3,71333 111O 1:,
ommon stock .......................................... S 5,000 $25,000,000 $100,000,000 $4.600,000 8222,291,600 23,065,200 47 ,5 0ooo
Preferred stock 8................ ............. ...... 91999,400 99,543,500 2,500,000
5 Total capital stock 20..................... 5,oo 25,00,66 ioo,ooo,66 13,599,400 321,835,100 3,o65,2'0o 75,000,o
6 Funded debt unmatured ................................. 1,127,875 59,022,000 120,545,000 4,000,000 254,22O,O00 4,733,315 3 6
7 Other long-term debt ................................. ... 21,1,102 120.5. 21733
8Total long-term debt ........................ 1,127,75 so 160io2 120,54560' 4,0000 25,4220,00 ,73 5 2,715,30
9 Grand total capitalization ............................ 1,132,875 105,616,10i2 220,545,000 17,599,400 576,055,100 7,799,515 117,715,330
10 Railway operating revenues ........ .............. 1,762,746 25,392,737 35,999,739 3,521,309 113,383,609 1,813,208 16,433,463
11 Total maintenance expenses .. ......5,9.878 1643 9255,96,922 702,278 6 03 6
11-1 Uaintenance of way and structures .............. 410,13 1,7143,551 6bi,76 12,766,1419 250,771 o04,60
11-2 maintenance of equipment ...................... 23,80 4, l6,2Q1 ,765,978 6 22,76O,5 25,774 3 9 i060
12 Railway operating expenses ................--..............1,514,.472 20, 50,800 2Z,442,5142 2,04085 73,235,23 1,125, 1l 13,12,o,g
1, Railway tax accruals .. .............................. 20,000 1,649,018 3,275,077 222,286 8,672,519 144,662 1,503, 47
Railway operating income .............. 178,057 3,279,28 8,27,311 694, 3147055 01
,27 ,4 9 1 8 7 3 1 6 7 ,31 4
15 Equipment and joint facility rents .................... d 1.... 1 d 1.83.,367 1 Ud 3 7.9 d '517,69
15-1 Equipment rents .................................. .. d 974d___ 284 ,20
15-2 Joint facility rents .......................... 2772 d 17252 232,749
16 Net railway operating income ................ .4,820 2,O41,O61 6,936,914 505,908 27,574,669 451,959 2,321,43
Total income ............................... .. 6,257 2,,73,051 11,027357 536.3 3 50,11020 479:32

19 Rent for leased roads ...................................... 515 461,933 d 3
20 Interest on fundedaebt .............................. ... .6, 2,1,0 5,112,170 16oooo 1,583 2 2,179
21 interest an rfued debt ............................. 2,6 1,485 7,977 225 35,465 386 2,131
22 Total interest accrued ...................... 66,48164 2,362,365 5,120,47 160,225 11,20 ,048 240 580 2,14 ,093
23 Other deductions.-....................... ..............1,657 2714,998 15,1442 1,6140 714,326 14,01 9 186,1482
Total deductions ............................. 68,11 2,665,878 5,597,822 161,865 1-,20,374 236,599 2,329,575
25 ret income .......................................... d 1,4 d 93.,827 5,,428535 374,498 3,903,846 2p41,794 394,851
26 Dividend appropriations of income and surplus:
26-1 Common ............................................ ... 4,000,000 ... 22,229,160 252,879
26-2 Preferred ............................................ ... 3,981,740 ... 41P,500
27 Total appropriations of income ................. 7.57 4,000, 210,900 ... 50,000
28 Income balance transferred to profit and loss ...... A d 1,1427,743 374,498 12,692,946 241,784 344,851

Ratios of Items

Per cent of Grand Total Oapitalization: (Item 9)
common stooc (3 to 9)................................. 0o.4 23-7 4- 26.2 38.63934
Preferred stock (4 to 9)............................... 4 51.1 17.3 ...
T otal capital stock5 to ?)..................... 2.. 77. 9.3 63.7
Funded debt unmatured to..... 99.6 55.9 27 1 o. 3:
7 Other lon-term debt (7 to 01 .. .0.14 a Total long-term debt (8 to 9) ........... 9i:6 76.3 54.7 22,7 607 36.3
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses fll to 0365 37,j 1..........736.7
12 Railway operating expense 12 to 10 886......9.
Railway tax accruals (13 to 10) ..................... 1.1 EL.5 9.1 6,3 7.6 7.9 9.1
Railway operating Income (14 to 10) 10.1 12.9 23.0 19:7 27.7 30.0 11.0
12 Equipment end joint facility rents (15 to 10) .......
Net ra lway operating Income (16 to 10) .......... 2.8 8.0. 13:,2249
Pertoent of Total income: (Item 18)
17 0ther inome (17 to 18).....................6.3 10.2 37.1 5.7 145.1 5-5 114.s
19 Rent for leased roads (19 to 18) 1.21. ... ..... 0.1
20 Interest on funded debt (20 to 18) .................. 163 346.3 29.9 .2 5.2 78.5:
21 Interest on unfunded debt (21 to l 1. 0 0
22 Total Interest accrued 22 to 18 .............100.3 104:0 46.4 29.9 223 50
Other deductions (23 to 15 ......................... 2.5 12.1 0.2 0.3 0.2 0. 6.8
Total deductions (24 to 18).......................102.8 1173 2 255S
Net income (25 to 18)..................................... 5
25 .. r9: 9.677.5
Per cent of Net Income: (Item 25)
27 Total approprations of Income (27 to 25) ........... 73.7 67.4 ... 12.7
28 Inco"me balance transf erred to profit
and loss (28 to 25) ..............I... P6,3 100.0 132.6 1100.0 187.3
e lNort w tern Region for this system.
Including trackage right.
D eficit or other r ever se item.




INTERSTATECOMRECMISN
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INOME ITEMS TAKEN FROM PIMINAR E T OF LASS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TEE 9A 7




Soutwemtsrn RegiOn
Burlington Fic ie
Item outa Iort Smith Fort Worth St, Lous .. .
Wila & Western & Rio Grande San a
Valley y Co I o 10 y ~ a
R y o f l y Coo . o ft0 C

1 Niles of road owned (siogle track) 52.11 6 22174 .
2 Average miles of road operated* ... 27146 24975 33.52
Common took ........................................... 1,020,000 1,248,000 $2,928,300 865543 6$0
Preferred took ................................. ...
5 Total capital stook ............. 1,020,000 1.248,60' 2,9281,300 7:4:220 0,0
6 Funded debt un e aed ................................. 769,000 5,214 oo0 4 467,000 252,57.6.9 1
Other long-term debt ......................... 4:,51b,995 6 7b.7122:9 02
8Total long-term debt .............765,000 5,244,606 8,983.995 259,314,090 4,Oe0
9 Grand total capitalization ............................ 1,79,000 6,1492,000 11,912,295 332,357.306
10 Railway operating revenues ............................ 1,918.219 1,646,670 1,300,461 814,430,132 l 6

11 Total maintenance expenses ..................................4644,229 6po,391 562131 Z52,2,o 0,*
11-1 lM antenanoe o f W y and structures 51 ,22 l 47 3 93 4 3 10 :z 84 12 go.H
11-2 Maintenanoe of equipment ........................11,J43,0 25119 39471
2 Rajlway operating expenses ......... ..............1,03s,1 1,957 1,312,352 58,. O 1,01.5 9:05
13 Railway tax accruals ................................. ... 105,065 19,6 49.295 I ,23 60
14 Railway operating income ..........................712,313 i~,4 1lb21:4 ,1931:4
15 Equipment and joint facility rents ..................d 22915A 3.24d.U91d23.3
1 1 Equipment rents ............................... '
15-2 Joint faility rents ..........................
6 Net railway operating inoom ................ 509,325 36,61s d 167.770 22,045,i24 1,51
1 Other oine ... ......................................... 20,629 1,77 8 1 2,83 390,16
rn inol...................... ........................... 38:396 1, .63109 39045 1
19 Rent for leased roads ............................... 228,743 47, 1629 227....12,
20 interest on funded debt ............................... 3,498508 12:70,8 B5
21 Interest on unfunded debt ............................. .1,771 1,982 104 34 ,352 17.
22 Total interest aoorued .............................40,221 100,50 170, 714 13 io6,53n 47.69
Total deduction. ................................ .... .28,9,69 .16,970
2 te dedotlnedcin ...............28j4,OR 179,853 17,711,135 6,T
25 Net income ................................... ...... .. 260,990 d 62.141d 351 6,165,379
26 Dividend appropriations of inoome and surplus:
26-1 Dommon.............................................. 357,000 ... 3,472,353
26-2 Prefsrred ......................................... .... .. .426,5
27 Total appropriations of income ............. 35?,000 ... ... 3,926,616
28 Income balance transferred to profit and loss ......... 4JL_6-O1 d 62.4 d I.1& 2,23,613A 147Ratios of Items

Per cent of Grand Total Capitalization (Item 9)
SCommon stock 3 to 9) ............................... 57.0 19.2 4.6 19.7 1.4
4 preferred at oak (14 to 9).. ................................ .....3
Total capital stook&~ to ?) .......... 7 0 8.8 247 2.
Funded debt u3matured 2.0 0. 35 24. .
S other long-term debt (7 to 9, .......... .................... 20
Total long-term debt (8 to 9).................... 43.0 80 75 7083.
Par cent of Railway Operating Revenues: (Item 10)
11 Total maintenanO expenses (11 to 10 . 24.2 41.9 43 2 32
12 Railway operating expenses ( 12 to 10)1 ....... 514.1a610.9NS86
aa prtn income (1 t 10) 3 10.3...
1 Equipment and joint facility rents (15 to 10) ....... .. 7
16 Net railway operating income (16 to 10) .......... 26.6 2.2
Per cent of Total Income: (Item 18)
I her income (17 to 18) ............................. 9 14.6.o Rent for leased ros 1 to 18).................... 43.2 "".0
1.]ne~e on fndmed debt (20 to 18) .................. --6
21~ Inte~rest cn unfunded debt (1to 18 ... 0. 5.21503
22 Total interest aoorued _22 to 1 ......... 261 54. 9 9
Other deductione (23 to 8) ............................. 0: .8.
I Totsl .edutin ( o ....................... .. 8 262.6 74.
25 Not Income (25 to 18)2......8)....'...........................9.2 ... 25.825.8
Per cent of Net Income: (Item 25)
27 Total appropriations of Income (27 to 25) ........ 136.8 ...... 63.7
28 Icome balance tr sterred to profit 36I
and lose(28 to 25) -, ----Seealo Cntal eser Rehion for this system-




2820 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEA] M A L
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TE YEAR ENDED DECEMBER 81, 1927




Southwestern Region
Kansas City, Kansas City
Mexigo & rient Lines So t~h n yetemI
Item Kansas City, KanssCit, Kasa Louisian
Mexico & aexioo & aneae city Texarkana & Oklahoma && Arkansas
rient Orient R. Southere Fort smith Gulf Ry.0o/ Ry. Co.
. . Co Oo.Qf Tex R 0c._y. Co.
I Miles of road owned (single track) ........ 259.146 465.75 404,25 156.3231is23Z
P Average miles of road operated" ........ .......... 272.20 465.75 784.07 81.03 326:58 302:
Common stocks 0 1,000,000 9 goS10001000$,000
P re... d 100,000 12009,000 1 ooo ..000,000
14Preferred stook....................... .0000-t 7 .+
5 Total capital stook ......................... ... 1,00,00 50,959,900 100.00 50 ,300 5,000,000
6 Funded debt unmatured ......................... 02,500,000 9,116,633 52,705,942 10,000,000 4,165,673 122,000
Other o te lon.tem d .......................500 2,249 212...
Totte l ong -term d ebt. .... ........................ 2 .5.6 9,116, 549 154 10,00 0,000 O0 oo 122,00
9 Grand total capitalization ............................ 2,500,000 10,116,633 105,900,054 10,100,000 15,672,973 5,122,000
10 Railway operating revenues ............................. 3,029,697 7,105,595 19,075.667 2,972,939 2,937,043 j 3,562,3o2
11 Total maintenance expenses .......................1,954,379 3,497,827 5,334,52765,572 1,309,008
11-1 Maintenance of way and structures............. 2,60605 2,155,070 45,559
11-2 Maintenance of equipment ....................... 17, 51 896,222 3,176 458 320,013 310 25 107,165
12 Railway operating expenses ........................... 3,11s,796 5,817,20 4 12,913,138 1,851,353 2,3016O, 2, 90.15
13 Railway tax accruals................................... .4o,215 14,020 1,279, 549 117,222 117,917 3,307
1 Railway operating income .................... 7d 10 56,6,57 1,003,215 517,693 559,37
15 Equipment and joint facility rents.................... 149,005 d 699.255A 1 d
i. qupment rents ........ ............. ..........161,865 0
15-2 Joint facility rents ........................... 6 2 8
16 Net railway operating income ................ 6,610 246,937 4,177,402 590,617 319,652 1430,349
17 Other income ......................................... 67,098 94n 351,122 32.772 59 352
1 Total income ............................... 73,708 24, 528,52 923,379 79,00 149

19 Rent for leased roads....................................... ... 3314,613 156,236 ,714 1.8
2 nteet on funded debt .............................. 150,000 36 ,66 2,014,997 550,000 114 2,8
S s on ununded ebt......................................... 645 2:,36 2 8,C95 1,858 3 9 .70
22 Total interest accrued ...................... 150,645 367.031 V2.Z8,072 551.858 214,5021 6
23 Othe deductions 50 32,888 11,2 3 1,193
2Total dedUction............................ 150,645 367,081 2,815,573 719,337 219,399 1
25 Net Income .......... ..............................A 76.93? d 110.733 1,712,951 204,052 159,605 307,820
26 Dividend appropriations of income and surplus:
26-1 Common ...............................................
26-2 Preferred ............................................ ...... 84o,0.0
27 Total appropriations of income .................... 80,000 ,6
28 Inoqme balance transferred to profit and lose d 76.937 d 110.73 872,951 204,052 159,605 286,694

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
0ommon stock (3 to 9) .................................. 9.9 28.3 1.0 0.1 97.6
PreTered stock (4 to 9 ............................ ...... 19.897.6
caia sok5 to ?).......................... 9.48.1 7g.6
Funded debt vnmatrd C to. ....................... 100.0 90.1 49.8 99.0
Other long-term debt (7 to 9........................... ... 2.1 ..
8 Total long-term debt (8 to 9) .................... 100.0 90.1 51,9 99.0 26.6 2.4
Per cent of Reilwai Operatin Revenues: (Item 10)
11 Total. maintenance expenses (11 to 10) 645 49.3 2
12 ilway operating epnse 12 to 10 102. 81.9 6 2.8 715.6
14 Rala axacul (3t 0 ..................... 111.+ 94o .
a y r ao 10) .............. 16:9 25.1 63:7
fknn and jointofacility.9 rent.....317)..6...7.
(16 to 10) .......... 0.2l 3.5 21.9 19.9 10.9 12.1
Per cent of Total Inome: (Item 18)
17 Othr income (17 to l89 ............................. 91.0 3.7 15.7
for leased road to 1) .... ...... 1
I reut on funded debt (20 to 18) ............... 203.5 1142.3 7560
eat on unfunded debt (1 to 1) 0...8 Z 5 :
0 9 9e Z ..... .8 0.20.97
22 Totl interest or 2 t0.............ol) 2014.4 14'
2 t-r reduction ( to 8......................... . .... 0.7 1.2 0.8
24 i .......................24.4 143.2.
25 Net a ..5 1.................................. ... .. 779 ...
Per cent of Net incoe (Iem 25)
27 Total appropriations of inomae (27 to 25) ........ ... 49.0 ..,. 6.9
28 Income balanc t ranferd to profit

I include daa for Kass kahoma & Gulf Ry. Co, of Texas.
Ini ngo tackg rghts.




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINA REPORT 0 CLASS ITEAM RAILWAY
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1927




Southwestern Region

Item Louisiana Louisiana Midland Mi sourt eexaItem RY. & Ry. & Vall & North MiegouriNavigation Navigation O Arkansas Kansas. o. o Texas Ry. Go. TexasR o
SR. R. Go, q

1 Miles of road owned (single track) .................... 330.55 180.42 28.6 335.20 1,809.45 a10.06
2 Average miles of road operated* ....................... 337.63 206.0 364.04 3 7 1,799.31 1.39.23
3 Common stock ......................................... $8,131,000 $ 52,500 4,006,500 $3,000,000 66,687,650 1,400,000
Preferred stock ...................................... 3.... 999250 ... 45,4,622
5 Total capital stock ......................... 8,131,000 52,500 ,oo5,750 3,o000,000 112572,272 1,boooo
6 Pounded debt unmatured ................................. 11,90),500 ... 11,815,150 3,500,000 114,725,395 50, 276
7 Other long-term debt ........................................ 61,000 12 0
8 Total long-term debt ........................ 11,903,500 ... 11,815,150 3,561,000 114,725,395 62, ,79
9 Grand total capitalization ............................ 20,034,500 52,500 19,820,900 6,561,000 227,297,667 64,244,079
10 Railway operating revenues ............................ 3,291,534 1,121,588 3,964,915 1,682,613 35,236,541 20,944,9 5
11 Total maintenance expenses ............................ 1,120,115 415,265 1,252,408 693,903 12,429,89262096
11-1 Maintenance of way and structures ..0515........2 258,102 642,016 496239 4, 726 32
11-2 Maintenance of equipment ............... ........ 4.1,96 160,163 610,392 ,19 7510,166 2 74
12 Railway operating expenses ............................ 2,730,l65 1,016,113 2,529,253 1,566,997 23363,037 15:97613
13 Railway tax accruals .................................. 271,792 41,385 27,822 29,471 2 '59 423
14 Railway operating income .................... 285,84 63,140 1,26,657 a6,4 9,7,540 4,
15 Equipment and joint facility rents ... ...... 7 60 2 58 29242
15-1 Equipment rents ............................. 9,996
15-2 Joint facility rents ........................... d d 427,2
16 Net railway operating income ................ 3,3 d 99.220 963,071 9,375,298 2,321,675
17 Other income .......................................... 104,573 5,052 193,055 3,705 825,151 86,58
18 Total income .................................. 41s,480 1,156,126 d 40022 10,203,449 2,405,223
19 Rent for leased roads ................................. 1,198 ... 9,438 7,61 4647
20 Interest on funded debt ............................... 469,358 45,000 590,758 210,622 5,998:160 2,934
21 Interest on unfunded debt ............................. 39,195 2,813 12,178 5,04 82,583 5,2
2e Total interest aoorued ...................... 508',553 47,13 602,936 216,426 6,070,743 28397
2 Other deductions ....................................... 1,43 355 7,196 1,537 5,159 1 ,
2 Total deductions .............................. 511,186 48,1 705,570 27,9 53 6,093,583 3,305,624
25 Net income ............................................ 4 9.7o61 447,556 4,109,866 d 997.401
26 Dividend appropriations of income and surplus:
26-1 Common ......................................... ... ... 200,325
26-F Preferred ............................................ 199,962 2,111,243
27 Total appropriations of income ......................
25 Income balance transferred to profit and loss ......... 69.706 12 6 447,556 4 ,109,866 d 897.40

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
4 Common stock (3 to 9) 0...............................40.6 100.0 20.2 45.7 29 2.
Preferred stock (4 to 9) ..... ...................... ... 20.2 ...
Total capital stock (5 to 9) ........ .. 6 100.0 40.4 4 49.5 2*2
S Funded debt unmatured (6 to 9) ......................59.4 .. 59.67.7
Other long-term debt (7 to 9) ...... ..................... 0.9 ...19.1
a Total long-term debt (8 to 9) .................... 59.4 ... : 54.3 50.5 97.
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses 11 o 10) ............... 34.0 37.3 1.6 41.2 .
12 Railway operating expenses (12 to 10) .5 2.9 90.b 13.6 93.1 6 .3
13 Railway tax acorale ( to 1 .................. 8.3 3 5.2 1.7 7.2
1 Railway operating income (14 to 10) .... 8.7 5. 30.9 5.1 27 20.5
15 Equipment and joint facility rents (15 to 10) ......... .. .
16 Net railway operating income (16 to 10) ..... 24.3 ... 26.6 11.1
Per cent of botal Income: (Item 18)
17 Other income (17 to 18) ............................. 252.8 ... 16.7 .8.1 3.6
19 Rent for leased roads (19 to 1) ................... 2.9 ....5 0:1 1.9.3
20 Interest on funded debt (20 to 18) ................. 1,131-5 51.1 58.:7 117.
21 Interest on unfunded debt (21 to 18) ............... 94.5 ... 1.1 0. u
22 Total interest accrued (22 to 185 .....1,22.0 ... 52.2 ... 59.5 11~7.9
24 Other deductions (23 to 18) .........................3.5 0.6
5 Total deductions (24 to 1 ) ...................... 1,22.4 61.3 7 37.3
25 Net incomes (25 to 18) .............................. ..... 38.7 .0.3
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ ... ...
28 Income balance transferred to profit
and loss (28 to 25) ... ..., 100.0 .. 100.0
SIncluding trackage rights.
SDeficit or other reverse item.




INTERSTATECOMREC MISN
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND InOOME ITEMS TAKEN FROM PRELIMINAY REPORTS OF CLASS I (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THU YEAR ENDED DEC BR 31027




Southwestern Region
Itm eaumont, I nternation- Misur ew.Orleans, St .Louts aan Antonio Tx
Sour tae al- Great Texae & Brownsville Uvalde ,S5A
W ere n N ro~thern Pacifc Mexico x& extoc ulf
Ry. 00. R. R 00. y. oo Ry. am. R. R. Co.

1 Mile. of rosa owned (single track) 9.2 ,06.0 6866.7 1727 3 5
2 Average miles of road operated ...................... 138.9o 1,159.50 7,361. 1 191.22 2.12 3 1:9o00.37
C ommon stock ....... $ 95,000 $7,500,000 992,839,500 415,000,000 S 500,000 $260,000 3,6,1
Preferredc stock ... ...... 71,800,100
5 Tot al capital s tock ..... ..... 85,000 7,500,600 154,639,60o 15,000,000 500 '00 280,&66 6, 6,i
6 Fnedetum ,o ................................. 2,057825 44,459,ooo 325,694,320 37,070,000 15,885,342 4 55
7 ther lonF tr debt ............ ..................... 920,16 ... 3, 6,ooo... i...o
8 Total long-term debt 2..................... 2.977,989 44,59,000 325,6914,3' 40, 6,000 15,865,34.2 4,4i3o+ ..... ,
9 Grand total oapitalization ........................... .. 3,062,989 51,959,000 140,333,920 55,14146,000 16,385,342 l4,693,00 118,031,250
10 Railw&y operating revenues........................... 3,054,g76 18,4)8,470 125,729.,405 2,963,4o7 9,197,732 1.919,35 3
11 Total maintenance expensee............................ 915,977 640094 45,5814,774 1,1470,426 3 ,452,132 66,, 1,6J3453
11-1 Maintenance of way and etrutures................ 515,992 3,2 66,301 21,20,236 6514,269 1,912,427 399,50 210
,112 Maintenance of equipment ............................ 95 273193 23 764,539 816,157 1 53Z 705
12 Railay operating expenses..................... ........ 2,34.6229 149514,672 99,565,998 2,766,707 6,6 b96220 1,477.777 ~ 28,797,073
13 Railway taxaccruals .2...................... ... d 10.000 4, 4 322442 423 4 4
11 R lway operating income ................... .... 2,970,9 1,09, 22 64. 2,072:811 395,26 1 :729
15 Equipment end joint facility rents....................... .d 70. 5 d 792.71 d 4,"7 2
15-1 Equipment rents ........3........ ....... .. C 5 20,3 2 2
15-2 Joint facility rents.............. ........
16 Yet railway operating income. .. ................. d 5719 2,178,180 16,899,498 301,833 1,692,779 95,020 6475
17 Other income............................................. 32,117 714,070 3823 767 2,572,601 1796 7,653 56
16 lee inc Total income............................... d 25. . .2,252,250 20,723,265 2 (,14 1,7 102,67
19 Rent for leased roads ........... .................. 34,000 2,000 18,1419 .
20 Interest on funded, debt......... .............. .....1z2,146z 2,13 1421 15,814,395 1,924,926 goo 113 220,6 02
21 interest on unfunded debt.I.....................2 ,891 76.760 162,9 2Z,666 1,65 75248
22Total interest accrued ..........................150,285 2,212,181 15,9Z6:,2 1,95 ,592 90 16 220,63 2:2383
Sededuction ........................ .......... .. .....131 3 601 9,8.
Total deductions ................................184,1416 2,217,782 16,322:9 4l,96i:,473 30,9 20652, ,9
25 Net Income.................................. ........... d 209."S8 314,1469 4,4ol,196 909,961 829,779 d 118.022 41,113,9610
26 Dividend appropriations of income and surplus:
26-1 ommon........................................... 1,038,196 976,754
26-2 Preferred .................................... 1,185,150
27 Total appropriations of income .... ... ... ... 1,185,150
26 Income balance transferred to profit end lose ......... 3i4,4 4,401,196 909,961 829,779 aL 2 2,928,830

Ratios of Items

1Pr cent of Grnd Total Oapitalization: (Item 9)
S................. 17.2 27.1 3.1 6. 32
15.0 @took (4 ............. 150 .0 20.1




Fundeddeb *( to 1'.. ......... ... ..... .. 672 5. 16. "9Z
74 O shera lo rtr et( o (4 t.....).3.711.0 6.1.2.
To et lont debtli(8 rtso 1 t) .... 0)...... 97.2 85* 16.6 7.5 699.,4
P e railw a iome (16 tao la) Operating 1e:n 10.5 (tm1

ot cent ofn (ot Incoe (30em .)
12 Riwyoprtn8xpne.5 t 0 6a 117: 9.6 72. 770 8.09
11 Rt Iwa a Rored (13 to 10 ... 2.17 0.8 1.0 : 24:


... 98.2.77.1 68.0 "'
0 0 .... ,.


I Z nd jl ........ I ... ... .. 21-3
12 Ntrala oeaing+ inom (16 to lo). ....... 8




1... ........................... ........ 103 10.0 895 2
21~~~ Iners oevrs item, eb 2 t 569 9





BUREAU OF STAISTICS
STATEMENT OF OAPITALIZATION AND INCOME ITEMS TAKEN FROM (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR TE E




Southwestern Region
National I lou Bout a n
Item Rye. of SouthesterLiem V T A
St. LOuit Lu !rz
M a io oSt.w Loui SouthwesternU No as A
fly &eo V al l e y
Ga. fly. 0. of Texs f. Co.

Miles of road owned (single track) ................. 162.05 623.29 697-75 4. 302.91
2 Average miles of Toad operat..d.. ................ 162.05 94o.61 1 0201697o97.36
0,omm : tnook ..................................... 02,500,000 16, 356 10 2,750,000 5,00,00080
V efarr d s tock ....... .... ....................... ... 19893:65
5 Total capital stock ..................... 2,50,000 3,2 ,750 2,75060 5 304,666
6 Rldd debt unmatuxed ........................... ... 4,178,250 15 729,00 9,812,982 33j1O1
Other long-term debt................................... 73] 946 15:50N67 1 97, 981 9 937
Total long-term debt .................... 13,946 ,7,31 ,23o,96 257063
9 rand total capitalization ..... .............. 2,673,946 4,49,000 3390,967 30710963
10 Railway, operating revenues ....... . ..- 1,280,7589 16,935,900 7,370,725 61,44199222,335
11 Total maintenance expenses ..................................... .469,553 5,52,214 3,328,174 22,5,68 922,a
11-1 Miantenance of way and structures ....... 3,8 2,713,125 1,928,352 10,715,0103,
11-2 Maintenance of equipment ........................2)7,470 2,53 :Ogg08 1 3 22a 1
12 Railway operating expenses........................... 1,081,922 11,38Z,877 | 49,4.,3 2,250,09
19 Railway tax accruals ........................................6..6 ,719,5 332,374 2,92,6g
1o ,o,.,,Railway operating Income .................. ......... 6.,e d ,1 9,,52 3
15 Equipment and joint facility rents........ ....9.. d..lZbl. 5774d... 11.. d ..i8
15-2 Eqpoent a rent ........................ .... .......... 1. d 2
15-2 i nt at ets ................................ A- 4 ,563 108,424
16 Ret railway operating income 37,370 3,611,631 502,836 6,120,147 151,926
1 other income ... ......................................... 14,59 711,249 25,413 6
27 Total income .......... I ..................... .51,99 4,322,880 528249 +2 165:737
19 Rent for leased roads 195,p72o.........9 ......... i918:63 130,350 5.Z4....9
20 Interest cn funded debt .................................. ...6,9j& 200 42 432 ,00 9753 62,j
21 Interest on unfunded debt.I... ................................50,259 20 216:7 1 55511
22 Total interest accrued...................... .....156,949 27,21.7 49 1
Other deductions ......................................20 19,171 717N22 6,0 3164
Total deductions .....................................77, 2,442,076 7 2396 ,,
25 Ret income.............................................. d 125,Z18 1,996,go4 d 4990 653,267
26 Dividend appropriations of Income end surplus:
26-1 Common ............... ......................
26-2 Preferred.. ...... ................................., 994,S68
27 Total appropriations of income .............. 269.40 33,171
28 income balance transferred to profit and os ........9,1 1.63,633 653,267

Ratios of Items

Per cent of Grand Total apitaliztion: (Item 9)
Common stock (3 to 9) ...............................93.5 19.4 9.1 16.3 2.9
e stock (4 to 9 .......................... .... ..... 23.5.
ot cp it a, stock 5 to )i~ 95 42.9
Funde debt unmetured ( to .... 57 ':. 1 4633.K
7 Other ng -term debt (7 to 93 ......57.1........... 1.7 9.0
6 Tot n g-er. eb' to.. ..................... 6 5 g er 91.9 (8 t 9)_1
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expense 6:7 to 10 36.71 3.
12 Railway operating ampen:sesR(12 to0 10)l 8445 :69 4510.
1~ Es t.aoa 44.9 4.9 3
14 Riwtxacul 1 o1).....I..... .ala operating income (14 to 10) ........9.9 27.5 ... 13.9 15.9~
18 EuipantandJoit fael1ityoret (15 to 10) ...
Se ala spring Inc o(1 to 10) 2.9....1 105
Per cent of Total Income: (Item 18)
17 Other income (17 to 18)........ \ ......... 28.1 16.5 44.8 9.2 9.3
19 Rent for leased roads (19 to 18) ............ 4 24.7 8
2 nreton funded debt (201 18).....:.:.:..I 12.9i 464 81.9 743'
21 ota on unudddb 1o 1V8, ....... 289.2 14.8 83.2 0.3 31
oeIint erest accrued 22 to 18 ........ 302.1 51.2 M-
R Other deductions (23 to 18),................................ .9. 0.14 1o5 0.3 1.0
2 a eutos(4tol1l) ....... ?.... .0 .90 9- 6.
25 Not income (25 to 1......................................... p3.9 ... 9,7..
per cent of Net income: (Item 25)
2 1 tl appropriations of Income (27 to 25) ...... 1.7....
24 Icmebalance transerred to profit ..9, g~

Saa also Central Western Region for this system.
I cluding trackage Tigh4ts.
DeUficit or other reverse Item.




2460 INTERSTATE COMMERCE CMISO
BU-REAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM MINARY R S OF 1481A
TERMINAL COMPANIES FOR TEE YEAR ENDE DEMBER 31, 1927




Great takes Region Central Eastern Rgon

ItmDetroit Indiana Lae Newburgh A Toledo Bltioe Brooklyn
Hamial Rrbor Belt Terminal gouth Shore Terminal Ohi hCag.oo f Estr
R. R. Co. R. Co. R R. Do. Ry. Co. R R. oe inal Dstrcm t
R. o. Termina

1 Mila of firot main track owned ..... ..... 1.00 45.16 13.29 46 25
2 Mile of irat min track operated ......................19.30 130.46 13.29 N~6295978 2i
,Common I2,000,oo 15,000,000 2,000,000 $1,50o,000 S4,ooo,0o0 $8,000,000 3 1 150,000
4Preferred at ck
5 Total capital sto ... ....................... ..2,000000 5000000 2,000,000 1,500,000 4,ooo Iooo ,0. 000 3io, 1,066 oo
6 funded debt unmatured .................................. ......... 10,607,400 ... 5,241.000 32,9"6000
Other ong-term debt .......................... 25 3 1,355,0 73o,000 ... 3J 2 "...
Total long-term debt.................. 13, .5413 1.355,5073,0 5,21i,000 33,1 8,362....
9 Grand total capitalization ........................ 2,000,000 15,202,513 3,355,500 2,230,000 9,24 ,00 41,179,362 3,i120,00 150,000
10 Railway operating revenues............................. 1,949,352 11,435,824 1,073,037 1,943,472 1,514,021 3,975,102 7.537,959 1,429,496
11 Total maintenance expenes ....... I........................429,397 3,13.092 455,480 65i,727 411,g52 91.0,155 ~ 29 943
11-1 Maintenance of way and structures......... 243 ,90 1, 59.975 195,855 229,362 2226794
12 Rail2way operating epenaei................1,4142,74 I4 l8l39,7 I,465,O65 1,0,945
11-2 Maintenance of equipment......................... 15,0 1,713117 259,62 428365 19853 4 38
1 2 Rail y operat inoe e .....................3 2, 9 1 1 ,6 210 b 51, 1 6 9305 9
15 aent and jint facility rents...............4N13 167,525
151 quipment rents.................................47,450 d 98b __-11,22d5 :....1U d415L ,, 920
12 Joint facility renta........................... ...1053 15,665 75555i
16 let railway operating income ................. 395,115 1,749,645 d13i86 195,474 549.993 1,204,159 1,709,314 422,792
17 Other Income ............................... .. ..... 124,7t 81,553 6,230 242,297 25,341 571,76 119,06854
18Total income................................ .... 519, 1,531,229 d 129.636 4140,771 575,334 1,775,975 1,528,382 6,5
19 Rent for learned roada...................................... 28,533 'i .. ... 360 1,635,595 1442.735
20 7nteret on funded debt................ ............... 471,255 51,55 235,545 1,322,300 ...
21 Interest on unfunded debt ......................... ........ 10 555 1 1 1.995 1.63
22 Total interest accrued..........................10 472,176 5 51,156 235,546 1 4285 7
Ot ueoton deduc n...... .......... ....5,199 d 120 1,120 2, 5 451,31 5,5 1:4
Total deduotione ............................ 5,209 "75,55 125 52 ,276 23 1 1,775,97; 641:192 445,575
25 let Income ............................................ 54,639 1,356,213 1 i L 388,495 339,93 ... 157,200 22,481
26 Dividend appropriations of income and surplus:
26-I Common ...................................... 200,000 90,000 .. .. 157,200
26-2 Preferred ...................... ........... .... .. :" ... ... .... ...
27 Total appropriations of income ........ ... ... o90,000 "0" "" ,2
25 Income balance transferred to profit and oe .......... 514,639 1,356,213 _, 295,495 339,993 ... ... 15 44

Ratios of Items

Per cent of Grand Total Capitalieation: (Item 9)
O~ con took Q to 9) ............................... 100.0 27.5 59.6 67.3 43.3 19.4 100.0 100.0
dtoc (4 to ..... ............... .......
Total capital stock 5 to 9) ....................100.0 27-5 59.6 6 3 41:3 19.4 100.0 100.0
,,= .,debt u .................... ... 58-3 5 7 79.5
oe lo-term debt (7 to 9) ........................ ... 14.2 40.4 32.7 .8 .5.
T o debt (9to 9).. .................. ... 72-5 40.4 32.7 5., 5.6.
Per cent of Railway Operating evenues: (Item 10)
12 l4w =perat emecs("' to 10) 272,1o
11 Total maintenance expenses (1.1 to 10 2202,542.4 35.727229 z 0.
13 Railway optige xpese (e1 t o 10) 4o7: 106.2 79. 7341 88665.1
15,iwytxaoras(3t 092 24:1 5.9 1N13016...1
1, R~aiway operating income (16 to17 2.3 15.36. 9.1 12.25729.5


Per cent of Tota~l income: (Item 19)
17 OtheIo -me(17 to1......... ....................24.0 4. 55.0 4.9 3
R fr lesed roads ,to 1 ..................... ..,. 1: ... ... '
et onud debt to- ) .................. 25.7 1.:6 4.8 7..
1 Ineet on unudd debt (2 tol5 1,. 0. 1. .. ..7:04
interest acrue (2 to 1 ................... 25.7 ... 11.6 7406 0.3
24 Ohrut~ion (2 to................................. 1.0 ... ... 0. 0,4 2 403 .
2 Toal ..on.24 to id)....................... . 0 ... 11 3 0.
let Income (25to 1 ................................. 9.0 7 1 .... ....
Per cent of Net Income: (Item 25)
2 Toal aprpiain oficome (27 to 25) ........ ... ... 23.2 ... 100~op.0 31.3
and Ions (2 o 5 ,............ ....... 100.0 1 100.0 ..76.8 100.0 68.7
Deflicit or other reverse Item.




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I SWITC G AD
TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 81, 1927




Central Eastern Region oti ern wt tern Southwest a Region
Region R rn legion
Item Oonemaugh a Monongahela Union whicago Peoria &
Black Lick Conneoti Orle-na RIve Pern ah
R.R. R.R. 0o. (ofvPenneyl- Terminal India UionC
vania) Co. R. R. Co. Ry. o t. Loui

1 Miles of first main track owned ....................... 2.01 7.05 20.39 18.41 3.00 16m 10.83 1.07
2 Milee of first main track operated .................... 2301 705 45.57 20.40 20.65 19.61 13.50 57.77
3 oomon stock ......................................... 8 500,000 750,000 #5,000,000 $2,000,000 8 500.000 $1,000,000 $12.626,60 6 99 no
Preferred stock .......................................
5 Total capital stock ......................... 500,000 750,000 5,000,000 2,000,000 500,000 1,000,000 2,626,6 500
6 Funded debt unmatured ................................ .... 9,280,000 14,000,000oo ... 3,320,000 2,660,000 4 ,1
7 Other long-term debt ................................. .. 725,000 ...
8 Total long-tem debt ....................... ... 725,000 9,280,000 14,ooo000.oo000ooo ... 3,320, 2,680, 53 6 2
9 Grand total capitalization ............. .......... 500.000 1,475,000 14,20,000 16,00ooo0o000o 500,000 4,320,000 5.306,600 6.653,3r
10 Railway operating revenues ........................... 1,669,258 1,919,642 9,779,136 1,917,743 6,793,393 1,659,304 1,970,747 13,270,086
11 Total maintenance expenses ........................... 573,518 52.90 3906,261 38 ,71 1,615,456 428718 676,2 3, 5
11-1 Maintenance of way and structures ............. 202,246 209,526 1,522,624 26 58 661,927 255929 620, 2,26
11-2 Maintenaqe of equipment ..... 1,277,83 35671:4 1.18 3 2 17279 5561 1.
12 Railway operating expenses ...................614544 182 818,195 1,133,880 4,2,322 139 2 1322 91
11-2,,.i,+ ensi., .o qmnt....................... '.,,,I, ,,,,,+ :,.,.+ ',, 22 1,3,44 ,

1 Railway tax accruals .................................. 10,002 o100,426 215 ,490 130,0o 552,984 242,400 26457 1,1,
14 Railway operating income ......... ........... 441S2 336,897 94 1 63,76 1, 8,0 234 89 39 1 2,9
15 Equipment and joint facility rents ........... 5,488.391 87 d_ l51 1,3 3 259,274 d 2797,2
15-1 Equipment rents ................................ .5,48 0 d 8d 5 12 4
15-2 Joint facility rents ........................... ...... ,95 77 4,921 r
16 Net railway operating income ............... 50,200 31616) 1,818,288 490,213 3,.153,260 493,162 384,403 3,944,360
17 Other income .......................................... 5.142 1,846 204,493 83,21] 97,167 17,184 140, 66,
18 Total income ................. ............. ..55,342 318,009 2,022,781 573,42 3,250,427 51Q:346 525,269 4,472,858
19 Rent for leased roadse .................................... 462,570 2,000,000 1,000 1,097,210
2 Interest on funded debt ............................ .. 42.18 528,813 560,000 ,374 183,875 144,15 1.527,601
21 Interest on unfunded debt ............................. ...1 681 13 1 75 1,
22 Total interest accrued ................... ... 42,88 52,14 56o.,6 .38 184,350 144 11,
2 Other dedutioe.. ................................... 180,699 6,566 1,364 5,7 196,928 5,20 3706 252,
2 Total deducti.ons ......................... .180,699 ,o 54 1096749 56470 2205315 190,558 14 .4 3587,

25 Net income ... ..................................... . 5 213,455 926,033 6,956 1,045,1i2 319,786 377,375 895,044
26 Dividend appropriations of income and surplus:
26-1 Comon ...................................... ... ... .. 1,000,000 ... 50,000 51,000 157,596
26-2 Preferred .................................... .....
27 Total appropriations of income ... .. 57,733 50,000 165,990 272.53 100,66
28 Income balance transferred to profit and loss ......... d_ 213,455 868,300 6,956 995,112 153,79 1 104,522 785,044

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
Common stock (3 to 9) .............................. 100.0 50.8 35.0 12.5 100.0 23.1 49.5 14.
Preferred stock (4 to 9 .....
S Toalapital stock 5 to 9)..................... 100.0 50.8 5.0 12.5 100.0 21 4 2.6
Funded debt unmatured ( to .................. .. 5.0 87.5 ... 7 9 50.5 .7
S Other long-term debt (7 to 9) .......................... 4 ...9
S Total long-term debt (8 to 9).................... 49.2 65.0 87. ... 7.9 5.5 77
Per cent of Railway Operating Revenues: (Item 10) 2 21 6
11 Total maintenance expenses (11 to 10) 4.4 30.4 40.0 20.0 8 2.1 43 26.
12 Railway operating expenses (2 to 10 96. 77.2 8.1 5 73. 71 69.1
1 Railway tax acoruale (13 to 10 0 .....................5 2 0.65 13. 13.4
1 Railway operating income (14 to 10).............. 2. 17.6 9.7 34.1 27.0 16 19.5 22.
1 Equipment and joint facility rent (15 to 10) ....... 0. 1 7*3
Net railway operating income (16 to 10).......... .. 0 16.51 2 4 2 5 15 297
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ............................ 0.9 0.6 10.1 14.5 3.0 3.4 26 .98 8
19 Rent for leased roads (19 to 18) .................... 22.9 61.5 0.2 45
20 Interes:t on funded debt (20 to 18) ..................... 13.3 26.1 97.7 0. 36:o 5 3 :2
21 Intere t on unfunded debt 21 to 18) ................ 0.1 0.1 0
22 Total interest aoored 22 to 18) ................ 13. 26.1 976 0.3 36.1 2
Other deductions (23 to 8.............. ............... 32.5 19. .2 1.0 6.o 1.0
S Tta deductioneo 24 to 16) ..... .............. 326. 5 2.9 .2 9.8 67 73 22.
25 let i oome (25 to 18 .............................. 71... 758 1.2 32.2 2771*8
Per cent of Net Income: (Item 25)
2j Total appropriations of income (27 to 25) --.. 6.2 ,.. 4.8 51.9 72.3 113
26 nd la nce transferredtop fi
Inom emo ~ +P to profit 481 77 8.
n (2 to 25) ............................... 100.0 93.8 100.0 95.2 48.1 27.7 8

SIncludes data for St. Louis Bridge Co., Tunnel R. R. of St. Louie, St. Louis merchants Bridge Terminal Ry. o., East St. Louis Codnecting Ry. Co., and St. Louis Transfer Ry. 0o.
Includes data for St. Louie Bridge Co.
Includes data for Bt. Louis Bridge Go. and St. Louis merchants Bridge Terminal Ry. Co.
Deficit or other reverse item.









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