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





411
INTERSTATE..
BUREAU STIC8


PRELIMINARY STATEMENT PITALIZATION AND I

CLASS I STEAM RAIL -.TI-I'UNITED STATES YEAR ENDED. BER: 31, 1928
Ai


WASI .C







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a brI 4 4 ES GOVE RWASHINGTON :41929
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THE INTERSTAT-UfOMMERCZ COMMMION


.....EPNFST t,, L, M,-,Q eLirman BALTHASO'Ho -ER CLYDE, B*.A!tT C N Jos 14
ol-INSTOW]314* ELL FRANK g IAN TH6MA Y C Vkk RIC= V: 114 am,R F-MA B
CLAUDE,
PATMMRi,G




UNIVERSITY

OF FLORIDA

L I B R A R Y














.........
14
a4









BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAE FRMP LI NRYEOTSF ASISEMM '1
(INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YA NE EEBR ,12


INTRODTVOT0RY STATMN


This is the fifth issue of a compilation of prelmnr reports containing selected4item fcotlzt n noe

These reports were due to be filed with the interstate Commerce Commission a of Feray1712.Te ia eot a o
received until MLarch 1, 1929.

The publication i~s primarily for the purpose of furni4shinzg figures of certain income an aac he iesfeunl
called f'or and not appearing in the monthly reports of revenues and expenses. Without this seprat eotsc nomto ol
not be available before the preparation of the Preliminary A.bstract of Statistics of Cmo ares eun o hc r o
available until the filing of annualI reports of steam railways as of March, 31.

It may be noted that the totals shown in 'this statement differ somewhat from the orsodn iue nteDcme
issue of the monthly summary of revenues anid expenses of Class I Stea Railways. This 1. larg>ely exlie bytefctta h
present statement does niot include data for the Chicago, Milwaukee and St. Paul Railway Company fo thepeidJnay1tJnur 13, 1929, and that the monthly summary of roe~ene and expenses does not include data for the Illinois Terina omay.Nite
statement includes data for the Baltimore, Chesapeake and, Atla~ntic Railway Company, the rail linso hc ee ae vrb h

Baltimore and Eastern Railroad COomany as of h close of buiess Novemnber 30, 1929.

It should also be rioted that in nearly all case the present report deals with the reports ofCasIprtncmais The preliminary report of the Atchison, Toek and Santa. Te Railway Company is on a syse basis. This affecstedsrbto

~as between the Central Western and Southwestern Regions, as the Gulf, Colorado and Santa Fe Railway Companiy, usal7sindt the Southwestern Regin is here combined wih h Atchis~on, Topeka and Santa re Railway Copay n theCetaWserRgin

A system report was also fi led by the Missoui nas-Texas lines.
The fact that the list of Clss I ralwyscanges oewa from year to year requires a restatemn of~h fiuesa
published for 1927 .in order to make them coprbewth the toa inth preen stat ement for 192. oretnsismefth

reports for 1927 were auoized by caresatrte 1927 preliminary reprt wa opled. ntetbeblwtettl o


adto exclude at for the Baltimre, Chsp ke an tlni Railway < may'h allnso wihwr ae vrb

Class 11 railway. Even so, the restated fiuesfr 1927 ar not strictlycoprbewtthsfa12Sbcuedrigteyr 192 cetain small railways were ajbsorbedolase d y ClesIrailwe.ys.

p.low




14
2960 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORT OF CLASS I STEAM RAILWAYS
(INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 81, 1925


Capitalization and income totals of Class I Railways for the calendar year 1928 compared with restated figures for 1927


o.tem 1928 1927 (Restated) Inctease or decrease

1 Miles of road owned (single track) .......................... ... 85,473.05 13,294 .73 L/ 2,1798.32
2 Average miles of road operated* ............................. 24b,070.)9 238,000.82 2,070.07
Comn stock.................................................. 3 10,1427,3514 0605 1489 121 06 7 3
Preferred stock .............................................. 1.. 746939 2 1,81,2l,24I 62:052:679
5 Total capital stoc. ................................. 8,085,121,296 7,862,789,384 222,331,912

6 Funded debt unmatured......................................... 10, 40 256824 10,1442,249,967 98,006,857
7 Other long-term debt........................................... 41,23,359,211 409,76o,725 13, 598,4-86
8 Total long-term debt ............................... 10,963,616,035 10,852,010,692 111,605,343
9 Grand total capitalization ................................... 19,048,737,331 18,714,800,076 333,937,255
10 Railway operating 'revenues..................................... 6,105,208,058 6,134,814,126 *. 29,606,068
11 Total maintenance expenses................................... 2,002,611,85 2,086,098,.47 *4 83,496,592
11-1 Maintenance of way and structures ..................... .... 7,351,664 86:,07, 18 M 30,726.750
11-2 Maitntenace ofeupet....1152021 1219 02I0,053 :: 279,3
12 Railway operating expenses ..................... 65,20,221 4571285 1 Z9201,050
14 Railway tax accruals. ................................... ..... 39,16,202 37 ,943,785 13,173,017
1 Railway operating income ........................... 1,292,430,575 1,18 1.01,210 6,329,365
15 Equipment and joint facility rents ........................... ..d 116678. 2,978,23
15_1 Eq uipment rants ....................1 j Zb SO4,815,733
15-2 Joint facility rents .................. 'e.v).5 -90065 1 ,837 98
16 Net railway operating income ........................ 1,172,747,817 1,069,396,67 103,351,130
17 Other income................................................... 31,12,982,121 3o14 009,997 8,972,154
8 Total income. ....................................... 85,729,968 1, 373:o6,94. 112,323:2 4
19 Rent for leased roads ................................... .164,819,64o 165,1451,935 ** 632,295
20 Intrst on f n doebt ......................................... 148,5,,8 ,492 35 l 3,303,497
21 Interest on unfunded debt .................................... 12,1471, 15,912,736* ', 8,274
22 Total interest accrued ............................. .501,59 780 508,271,551 6 :Z71
2 Other deductions. 260..20. .... ..... .......2.... ......09.2 2 7
Total dedutios.. ,rd ............................. 6 1 17 697,933,174 ,
25 Net income ......... ...................................... 792,387,851 675,473,510 I16,914,341&
26 Dividend appropriations o income ad surplus:
26-1 common ...................... .... ...... ............ ..... 39,9424,47 436,171,993 *'1/76,229,586
26-2 Preferred .................................................6:592:30 61,1425,9041/ 7,156, 10
27 Total appropriations of income ............................... 263,047,301 255,631,695 7,415,606
28 Incomae balance transferred to profit and loss ....................529,340,550 419,011,815 109.1499.735


I including trackage rights.
*e Decrease
d Deficit 9 other reverse item.
See explanation in Text.

The increase in miles of road owned is explained to the extent of 1,546 miles by the absorption of small railways by Class I
railways during 1 leaving 632 miles apparently due to the net result of new oonstruction an abn bndonments. The decrease in dividends
is in large par explained by the nsa ddnd from surplus by th Delawr, Lackawnn an wstern Railroad Com~pany in 1927 aontn
to 59631845. ls in197 therewere tc dividendsp to the extent of $10,053,120 and none are Indicated in the preliminry reports for 1928. Asde from these in tanoes 34 class I railways reported increases and 15 Class I railway reported decreases in dividends in 1928
ILE comped with 1927.



Washington,...rch..........






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEfS TAKEN FROM PRELIMINARY REPORTS OF QLASS I BTEAM RAILWAYS (INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR HIE TEAR ENDED DJnvtE 31, te2



INDEX
The region to which a road has been assigned to indicated by letters following the name as follows: New England (N.L.); Great Lake (. <')
Central Eastern (C.S.); Pocahontas (P.); Southern (.); Northweetern (LW.); Central Western (C.7.); and Southwestern (S..)

SUMMARIES: DISTRICTS AND REGIONS

Page Page
No. No.
United Statee...e..................... ,s................. 6 and 9 W
Etern Distriot.......................................... 6 and Western Dieri n........ .......

Central Eastern Region ........................ I........6 and 9 Southern Region ............................... n otwsenRgo ........Z

Name of Road or System 0 .re of Read or 3youn a Name of Road or System

Akron, Canton & Youngstown Ry. 00. (C.E.)................15 Florida est Coast r. Co. (S.).............................9 Newburgh & South Shore Ry. 00. (G.L,).......................
Alabama Great Southern R. R. Co. (s.)... 21 Fort Smith & Western Ry. Co. (Sa.W) .. ..................... Norfolk & Western Ry Go (P.) 1.
Ann Arbor R. N. Co. (G.L.)............. ..................... 14 Fort Worth & Denver City Ry. Go. (W .....................2 Norfolk Southern R. i. o (. ............ e0
Atchison, Topeka & Santa Fe Ry. Co. Fort Worth & Rio Grande Ry. Co. (S ........................ 27 Northern Alabama r. Co. (8)............................., 1
(Inol. Panhandle & Santa Fe Ry. Co. and Frisco Lines................................................. 27 Northern Pacific Ry. Go, (. 23
Gulf, Colorado & Santa Fe Ry. Co.) (C.W.).................25 Northwetern Pacific R. R. Co. 25
Atlanta A West Point R. R. Co. (.).......................... 18 Galveston Wharf Co (s N.),. ... ..............
Atianta, Sirmingham & Coast R. R. Co. (S.)................. 18 Georgia & Florida R. R. (8..............................1..Oregon Short Line R. R. 0o. (O.).. .. .......... 26
Atlantic & St. Lawrence R. R. Co. (N.E.)............... 10 Georgia R. R. Lessee Organization (S.)....................... 19 Oregon-Washington t. R. & Navigation Go, (............ 23
Atlantic City R. R. Co. (C.E.)................................17 Georgia Southern & Florida Ry CO (S1
Atlantic Coast Line R. R. Co. (S.)............................18 Grand Trunk Western Ry. Co. (.L.). ... 11 Panhandle & Santa Re Ry. Co.
Atlantic Coast Line System............................ 18 and 19 Great Northern Ry. Co. ( ) ................. 23 (Incl. in Atoison, Topeka & santa e R. 00.). 2
Green Bay & Western R. R. Co. ... .................. Pennsylvania R. R. 00. (C.t)......... ......
Baltimore & Ohio Chicago Terminal R. R. Co. (C.E.)............ 32 Gulf & Ship Island R. R. o. (9. .. 2.. 20. Pennsylvania System ............... I.... ..........
Baltimore & Ohio R. R. Co. (C.E.)............................ 15 Gulf, Colorado A Santa Fe Hy. Co.. Peoria & Pein Union Hy. Co. (c.W.)......
Baltimore & Ohio System ........ 1... 5 (Incl. in Atchison, Topeka & Santa Fe Ry. Co.)............. 25 Pere Marauette Ry. qo, (G.L.)...........
Bangor & Aroostook R. R. Co. (NJ.). ......... 10 Gulf, Mobile A Northern R. R. Co. (.)....................... 19 Perkiomen RR. Co. (0.E.)..................................... I
Beaumont. Sour Lake & Western Ry. Co. (S.:................ 29 Pitteburgh & Lake Erie R. R. 0o. (G L.)..... 1
Belt Ry. Co. of Chicago (C.E.) ............................... 32 Hocking Valley Ry. Co. (.E.)................................ 15 Pittsburg & Sharmut R. R. o. G.
Beemer & Lake Erie R. R. Co. C .......... ......... 1 Pittburgh & West Virginia hy. Co. G.L. .1
Bingham & Garfield Ry. Co. (CA.)........ 2 Illinote Central R. R. Co. (S.) ... 20 Pitt burg, Shawmut & Northern R. R. Co. 1
Boston A Maine R. It. (N.E.)....... ........................... 10 Illinois Central System.................................... 20 Port Reading R. R. Co. (C.E.)................................. 17
Brooklyn Eastern District Terminal (C. .. ..... 32 Illinois Terminal Co. (O.K,)............................... 16
Suffalo A Susquehanna R. R. Corporation 0. .... .... 15 Indiana Harbor Belt R. R. Co. (G.L.) 32 Quincy, Omaha & Kansas Gity R. R. Co. (0.W.)....,............. 24
Buffalo Rochester & Pittsburgh 0.Co, G ...... 11 International-Great Northern R, R. Co. (S.,).29
Burlington Route..............2 .............. and 27 International Ry. Go. of Maine Reading Co. (O.E.)...,.................. .. .....I
(See Canadian Pacific Lines in Maine)..................... 10 Reading System....
Canadian National System.......................... 10, 11 and 22 Richmond, Fredericksburg & Potomac R. R.G./
Canadian Pacific Lines in Maine (N.E.) 10 Kaneas City, Mexico & Orient Ry. Co. (5.7.)...... 31 Rock Island System............ .
Canadian Pacific Lines in Vermont (N.E 10 Kansas City, Mexico & Orient Ry. Co, of Texs(B.7. 31 RutlandR.R.O0.(N.E.........
Canadian Pacific Syste1.............................. 10 and 22 Kaneas City Southern Ry. Co. (2.).... 2o
central of Georgia hy. Co. (S.).............................. 20 Kansas City Southern System .............. 26
Central R. R. Co. of New Jersey (C..)....................... 17 Kansas, Oklahoma & Gulf Ry. Co. (B.W.)....................... 28 St. Louis, Brownsville & Mexico r. ................ 30
Central Vermont Ry. Co. (N.E.) 10 St. Louis-San Francisco Ry. 0o. W.).................... 2
Charleston & Western Carolina R. Co. Lak..............e18 Lake Superior & Ishpeming R. R. Co. (N.W.)................... 23 St. Louis, San Francisco & Texas R. Co. (B.
Chesapeake & Ohio Hy. Co. (P.).............................. 18 Lake Terminal R. R. Co. (G.L).. 32 St. Louis Southwestern Lines........ .........................
Chesapeake A Ohio System.............. ............. 15 and 18 Lehigh & Hudson River Ry. Co. (3,L,.. ............ 12 St. Louis Southwestern Ry. C. (B.W.)........................
Chicago & Alton R. R. Co, (CW.)J....... 24 Lehigh & New England N. R. Co. (G.L.)........................ 12 St. Louis Southwestern Ry. Co. of Texas .. 1
Chicago & Eastern Illinaes Ry. o. (C..)....................15 Lehigh Valley R. R. Co. (G.L........................ .1 San Antonio, Uvalde A Gulf R. R. Co. (S.W)................... 30
Chicago & Erie R. R. Co. (G.L.) ................... 12 Long Island R. R. Co. (C.E.)........... ......... San Diego & Arizona Ry. Go. (0.W.)..........................** 25
Chicago & 1linois Midland hy C. (C E. .................... 15 Los Angeles A Salt Lake R. N. Co. C.W;... ................ 26 Santa Fe System..... .... 25 and
Chicago & North Western Ry. Co. (N.W.)....................... 22 Louisiana & Arkansas Ry. Co. (S. .... 28 Seaboard Air Line Ry, Co. (8.)................................
Chicago & North Western System............................... 22 Louisiana Ry. & Navigation Co. (S..)........................ 28 Southern Ry. Co. (S.). ............ 21
Chicago, Burlington & quincy N. R. Co. (C.&.).................24 Louisiana R. & Navigation Co. of Texas (S.W.)................ 28 Southern System......... 2
Chicago, Detroit & Canada Grand Trunk Junction R. R.Co.(G.L.) 11 Louisville & Nashville R. R. Co. (S.) ................... 19 Southern Pacific Co. (C..... a***
Chicago Great Western R.R. Co. (NJ.) 22 Louisville, Henderson & St. Louis Ry. Co. (9.)............... 19 Southero Pacific System ....... 3
Chicago, Indieanolis & Louisville hR. ..(G.E. 1. pokane International Ny. GO.( 1.....2
Chicago, Milwaukee, St. Paul & Pacific N.R. Co. (N.) .- 22 Maine Central N. N. Co. (N.E.) ................................10 Spokae Portland A Seattle .........o..
Chicago River & Indiana N. R. Co. (N..)..................... Michigan Central N, R. Co. (G.L.)............................1 Staten Island Rapid Transit Ry. Co. CE ...............
Chicago, Rock leland & Gulf Ry. Co. (0.W.):................... 25 Midland Valley R. R. Co. .W,).............................. 29 (.
Chicago, Rock Ialand & Pacific Ry. Co. (C..) ... P.)25 Minneapolis A St. Louis N. R. Co. (N..) ......... 23 Tennessee Central hr. co.
Chicago, St. Paul, Minneapolis & Omaha Ry. Go. (N.W )...... 22 Minneapolis, St. Paul & Sault Ste Mari Ry. Co. (N 22 Terminal R. R. Asen. of St. Louie (S W.)....................3
Cincinnati, New Orleane & Texas Pacific Ry. Co. (8.5.......... 21 Misesaippi Centr1l R. R. Co. (S...................... 20 Texarkana & Fort Smith Ry, Co. (E.W .................... 2n.*
Cincinnati Northern R. R. Co. (O..) ...... .. 16 "iseouri & North Arkansas Ry. Co. ................ 29 Texas & New Orleans R. R. o. (S.W...:.:........
Cleveland Cincinnati, Chicago & St. Louis Ry. Co. (.E.).... 16 Missouri-Kansas-Texas Lines..... 29 Texas A Pacific RNy. Co.
Clinchfield R, R. Co. (.),.,. .....18 Aisouri-Xanean-Texas R. R. Co. Texas Mexican Ry, Co. (.W.) ........ .
Colorado Southern R y B. (C .............................. 214 (Incl. Miesauri-Kanaas-Texas R. R. Co. of Texas) (3.1.).... 29 Toledo, Peoria & Western R.,. R Q.W. .......
Columbdh & Soten R C.o .1 Y......R.... y
Columbu a ACreenville r. Co. S.......................19 IMissouri Pacific R. N. Co. (S.W..................0 Toledo ...rmi.. N.N.3o2 L ,
Conemaugh A Blackr Lick N. N. Co. (C.E.)....................... 33 Mis5souri Pacific System................... ....... .'29- d 30d Trinity BrSazos Valle~y hR. C.... ......3
Mobile & Ohio R. R. Co. (S.)..... ............................ 21
Delaware & Rudson Co. (G..)...... ...................... 11 iJonongahela Connecting R. R. Co. (C.E.)..................... 33 Ulster A Delaware R. R.00o (G.L.) ...
Delaware, Lackawanna A Western R. N.. (GL.) .......... Honofgehela Ry Co (GL)............... Union Pacific N. R. a. (C.UW............11 M3 ::*:: 2
Denv er A Nio Grande Western N. N. Co. (C.W. ............ 214 Montour N. N. &o. ~ L.............. .............. 13 Union Pacific Sytm.. 3ad2
Denvear & Salt Lake r. Co. 0C.1. ..............2 no .R o (of Pennsesn
Detroit & Mackinac Ry. Co. G.L. ............................ 12 Nashville, Ohattanoo;a & St. Louis Ry. (S.).................. 19 Utah Ry. Co. (C.W.)....................
Detroit & Toledo Shore Line R. R. Co. (G.L.),................ 12 National Rye. of Mexico... .30
Detroit, Grand Havn & Milwaukee Ry. Co. (0 ....... 11 Nevada Northern Ry. Go. (Co.) .............. 25 Virginian Ry. Co. (P.),..............
Detroit Terminal R. R. Co. (G.L.) ......................... 32 Mew Haven System....................... 0 and 13
Detroit Toledo$A Ironton N R Co (C 16 New Jersey & New York R. R. Co. (.L ................. 12 Wbash Ry. Co. (G.L.) ................. ....
Deit oleron "Rang . oh nCo. 1NW 2 New On & Northeastern .r R. R. G: J. S ................... Waba.h Sy.tem.............. 4.
Duluth, &Ssath Norte R n y Co o. (N,......... 2 O Tera ohern ....................... 33 West Jersay Seashre C. (. .

Brie~I Sy)m. . . . . .. ........ ........ 1 New YOrkeaCsnnectingaRl Co. ( .). .. ...................... 11 Wi h t Varley R y. C o. J .E. ............ .. . *
DeLuth1 South &B~r Atlantic Ny. Co. (N.!, :::: 2 r2si Geinal Co. P.. a
Dluth Winnipeg A Pacoific r. 00. (N.W.) .....................22 New QYl entra Texas ......co .... ............... ......3 Western Ry o a baa(.)...................1

Er R.C.(.L)... 1 CO. York. Chicago Louie N, R. Co. I..;;: Wi hita Falla & Souhr .R o
Evaneville, Indianapolis & Terre Haute y. Co. (C.E.A ........ 16 t a issippi Vae Co. (S ...........
New York. Bu.seuehanna & Western R. R. Go: ...... ... 12




6
29g60 INTERSTATE

BUlREAU~ OF STATISTICS
SUMMARY NO. I-RECAPITLATION OF CAPITALIZE ON AND INCOME ITEP
CLASS I STEAM RAILWAYS (NOT INVOLVING SWITCHING AND TRMIAL DECEMBER 81, 1928



Zastern District

Item United States Now Great COntral
England L~akes eastern atr
Region Region Region Dsrc

1 2la1.of road owned (single trok) ...... .............. 15,473.05 "5,292O5P 4 1 16; f. 37 477.6
peare ........ 27+ 286.83 59 296 +++
miAva e m road operated .. ................ 24b,070-89 7,325:l Z
C omon stock 6 0..0.................................40.... I 2 10 0'71Z+,,50 $ 005 $1,152 7 2 5 697 712
P referred stock .................., .......4. .......... 1217496 ,305 15 9'?5
5 otal capital stock ......................... 8,095121,296 3 9:1d0,+ 4 l:O, lO |.,378.983, 31.. 529..08
6FYunded debt unmatured ................................. 10,40,256,824 508,953.544 1,54,729,010 1,.769, 926 1
.Othe long-term debt................................ .. 2 29,23 ,32 6 e 74 3 1 121
a+ Total long,-term debt ..... +......... +.......... 1 6310353.7"61607 1179,603394 3717

9 Grand total apitalilation ............................ 19,048,737,331 882,375.790 3,031,132,478 3.178,41.9,317 7.091.927,575.
10 Railway operating revenues ............................. 6,105,208,.058 264969,280 1,105.039,157 1,361,031,131 2,731,039,568.
11 Total maintenance expenses ............................ 2,002,61,8 '7:627 627 35 672,362 41,737,168 89,03
111 Maintenance of way and structures .............. ...3 7,351,664 41,358,492 13l4 ,472 1. 027 889 41: 8,329
11-2 Maintenanc of equipment....................... 1 260,221 26, 225 0 5 ..... .......
12 Railway operating expenses.......................... ... ,4 73 191,7 7 2,902 9 ,9 '617
1 Railway tax aor ual ................................... 38 ,116,202 14 773 1 6; 80,7 225
ay operating income .................. 2 ,
Z equipment and joint facility rents .................. d
15-1 Xqu tpment rents ................................ d
15-2 Joint facility ents ......................... 7 t 7g +,XTZ d U2;, d .... 9 +b +
16 Net railway operating income ..................1,172.747,817 47,J167,894 203,21,171 252,756,726 503.4-65,791
T7Ohe noal inco....................................1, 5, 21 1259,62 6007,5 69,244, 1 ~ ,9,
th intot. inom ..................................... 5. 2 8, 89,0.1 26 2 320:905637 64,057,978
19 Rent for leased roads ....................................264,89 ,64o 7322,143 32 849,337 59 141 o66 9,1,4
20 Interest on funded debt ............................... ... J 8 I 1 24:2314,274 >72:42 12 85:3 ..9..413 19 116,99
21 Interest on unfundedrdbta................................. ;62 1 126 936,23 1 38, 24
T Total nte et aooru +...................... 5017,529 2 5 61 6t 7 7 62
2252: :7,9 095 86 7,8,527,988
2 Othe deduction,....... ..+..... ..................... ... .,.,7,6+,,oa deuton.................69 3,8316 >.2 ,)..'4J o ~ ,,+;85,++,310
Total +.e+.uoltiO'nal ..' .. .''... .. '. ... ........... .: 1 6 2 5

25 Net income ........................................... 792,387.51 26,090,050 141,536,071 170,051,327 337.677,448
26Dvdend appropriations of income and surplus:
26 OiV ommon ........................ 3J994~I2 1 ,5,0 77 48 02 70. 789334 154.13,2
26-2 Preferred.................. ................ ...... 8582304 ,73, 8 12; 724.28 6...4361 2099,44
27 Total appropriations of income ........................ ...263,047,301 3.,596.206 66,519,394 55,955,982 126,071,582
2 Ice balance transferred to profit and ose 529,340,550 22,493,04 75,01.,677 114,95,345 211,605,866

Ratios of Item,

.r cent of Grand Total as~piization: (Item 9)
a sanstck(Qt )..... ..........................32.6 25 3.6
S ......... 9 4
I unded debt unmqtured C ttogI .. 55.4 57. 51.1557.
Other logtr debt252
(7 to 9) ....... ................ 2 2: 0:o 1 iTolotermdet(t9 ....... 576 61.0 53.1 55.
Per cent of Ra~ilway operating Revenues: (item 10)
11 Total1 maintenance expens~es i to 1)........32.8 33.1 32.53252.
1 Railway operating expanses (12 to 10) ............... 72.4
Railway tx cuals o 1 ...... 6.4
aia operating income i to 10) ..21.2 22. .1
lg Squimnt and joint facility rents (15 to29 10 .....



Not railwa oprt n inom (1 to 10) .. .. ... ...
Pe cent of+ Total IO_ (ite is)+
-- Rout for ....d roads :+ to 1 ............... 1.1 12.2
.... 32.9 0. 4 2 5 26.. 219-3







BUREAU OF STATISTICS
SUMMARY NO. I-RECAPITULATION OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY IMPORTS OF CLASS I STEAM RAILWAYS (NOT INCLUDING SWITCHING AND TERMINAL 00MPATIE8) FOR THE YBAR ENDED DECEMBER 31, 1928



Southern Dietriot Western Distriot

Pocahontas Southern Total North- Cta GIouth- Total
Region Southern western Weatern western Western
Re nRegion Distriot Region Region Region District

1 Miles of road owned (single track) 5,083.72 322-56 35,406.28 44.541.66 42 468.53 25,179.42 112, .61
2 Average miles of road operated* .. 5,627.77 491.35 5,719:12 49:783-14 54.45*65 31.82361 135 6.40
3Common stock.................................... $303,989,491 709,041,245 P1,013,030, 6 4787,948,537 $145 $376,65 2
Preferred stock ........ ..... 52,3 700 1 ,467,750 197,814 479,170,052 3720
5 Total capital stock .:...: 356,19 85 4,50995 1,21,849,1 1,267,118,591
6 Funded debt unmatured ............................... 369,676,224 1,561,802,46o 1,931,478,684 1.852 27,794 1,786,335 306 1,14 ; 4
7 Other long-term debt ................ ............ 88,86 10,888,864 1 8, 6 19 7 2 261 9
8 Total long-term debt ................... 369,676,4 1,572,1,32 1,942,367,548 1890,9 44 1,985,4 ,6s8 1,1 509,2
9 Grand total capitalization ............ ........... 726,016,415 2,427,200,319 3,153,216,734 3,158,078,933 3,81l,675,860 1,833.838.229 9,9o3.593,02t
10 Railway operating revenues ........................... 261,287,834 771,814,274 1,033,102,108 738,215,199 1,092,540,574 510,310,609 2,341,066.3s8
11 Total maintenance expenses ............................ 88 8 .754 264,519,684 353.360,438 237,245,807 354559 7147 168,408736 290
11-1 Maintenance of way and structures .............. 35:66,9 110,521,729 15,888,228 110,219 ,642 15 09 10
11-2 Maintenance of equipment .. ............. 1 255 153,997955 20 7472,210 127,02,165 19 3 R 142
12 Railway operating expenses ............................ 1 025 582,087798 749056823 533,165,177 76 68 3 1,670,11291
13 Railway tax acoruas ................................. 20,194,933 50,940,916 71135,749 52,648,412 76,2a9, 25.989,3 154 .13q
1 l Railway operating income .................... 74,099,107 138,566,86 212,66,970 152, 2 967, 115.272.2 5156246
15 Equipment and joint facility rents .................... 5,536,477 d 51 723 d 2
15-1 Equipment**nte ................................ 6,690,111 2,773,207
15-2 Joint facility rents ........................ d 1.153.634 d 2.258.494
16 Net railway operating income ................ 79,635,584 133,545,109 213,1so,693 138,663,129 221,881,509 95,556,696 456,101,333
17 Other income c............................................ 5905,322 2,433,07 4,338,400 33,143,987 8,267,106 26,640,471 130 64
18 Total income ................................ 85.540.906 161.978,187 27,519093 171,807,116 30,144,4 122,197,157 596'142.:97
19 Rent for leased roads .................................... 1555,720 14, 945101 16,500,821 3,039,9 36,509,081 9,42 4 ;
20 Interest on funded debt ............................... 17,571 042 72,179,622 89,750,664 97,957,77 76.903,098 52 2 21 ,
21 Interest on unfunded debt.* 96554 736,.60 1324614 720,84 1573 2 193
22 Total Interest acored . 17,667 96 72,91562 90,58,278 88,578,583: 7.4 55.363. 22
23 Other deductions ....... 429226 1,88,222 2,U :18 2 1,327 2, 532, 6
Total deduction ............... .......... 19,716,242 89,7 .005 109,46 247 94,49,855 117,70, 65,537
25 Net income .................. .. ....... ............. 65,824,664 72,234,182 138,058,846 77,367,261 182,440,190 56,8144,106 316,651,557
26 Dividend appropriations of income and surplus:
26-1 common ............ ........._........ ...........29,071997 43,019,7 72,091,731 25,666,965 9N,214 712 8,8314,87613.6,Z
26-2 Preferred....................................... 2,66 94170 5,965,2M1 9,6314,?14 114,016,55 1 :,437,5149 10,553:M 7,0815
27 Total appropriations of income ........................ 1,141,506 12,472.954 13,614,460 22,192,593 92,106,425 9,062,241 123,361,259
28 Income balance transferred to profit and loss ......... 64,683,158 59,761,228 124,444,386 55,174,668 90.333,765 47.781,865 193,290,298

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) ........... ................... 41.9 29.2 32.1 24.9 38.1 20.6 29,
Preferred took (4 to 9. ............................ 7.2 6.0 6.3 15,2 9.8 14.2 12
tTotal capital stook 5t.o ............. 49.1 34 40.1 47.9 4.8
Funded debt unmatured to )..................... 509 13 5 .3 54
7 Other long-term debt (7 to 9...... ................. 0.5 0, 1. 2 2 3*
8 Total long-term debt (8 to 9) ................ 50.9 64.8 61. 59.9 55.1 657.
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 34.0 34.3 34.2 32.1 32.5 33.0 32.Z
12 Railway operating expenses 12 to 10 63.9 75.4 72.5 72.2 70.3 72,3 71
13 Railway tax aocruals (13 to 10). 7.6.6. 7.17. 5.1b.
1 Railway operating income (14 to10) .. 28.4 18.0 20.6 2.6 22:7 22.6 22.0
15 Equipment and joint facility rents (15 to 10) .. 2.1 ... ...
Net railway operating income (16 to 10) .......... 30.5 17.3 20.6 18.8 20.3 18.7
Per cent of Total Income: (Item 18)
17 other income (17 to 18) ............................ 6.9 17.6 13.9 19.3 26.1 21,8 23.2
19 Rent for leased roads (19 to 18) 1 ..................91.8 .2 6.7 1.8 12.2 7 2
20 Interest on funded debt (20 to 18) .................. 20.5 6 36.3 51.1 25.6 2. 36.6
21 Interast on unfunded debt 21 to 18 0.1 0.4 0.3 0.4 0.5 2. 0.9
22 Total interest accrued 22 to 18) ........... ......... 20.6 45.0 36.6 51. 26.1 45.3 37
2) Other deductions (23 to 18 ............ ............ 60 1.2 0.9 1. 0.9 0.5 1
2 Total deductions (24 to 18) ...................... 23.0 5.4 44.2 55. 39.2 535 467
25 Net income (25 to 18) .......................... 77,0 44.6 558 45.0 60.8 46.5 533
Per cent of Nt Income: (Item 25)
21 Total appropriations of income (27 to 25) .. 1.7 17.3 9.9 28.7 50.5 15.9 39.0
28 Income balance transferred to profit
and loss (28 to 25) ................................ 9.93 82.7 90.1 71.3 49.5 84.1 61.0
Including trackage rights.
d Deficit or father reverse item.









BUREAU OF STATISTICS
SUMMARY NO. 2.-1E0A1ITIULATION~ OF' CAPITALZAION~p AND3*INOME* ITEMS AE RM& ~IMNR FR$O
CLASS I SWITOIING AND TERMINAL COM N FOR THEAR



Eastern District So.. ..
Item United
S tates Great Central Total, Suhr Not- Cnalot- Ttl
Lakes Eaten aterr wetr Wetr etr at
Region Re District Ren ggii

1 Miles of first main track owned ....................... 26014 110.49 100.40 210.98 ig.42O
2 Miles of first main traok operated .............. 534.46 198,40 20.2 398.66 20.40 0:4 6 ...
eCmmon stock .................. $50,743,900 $17,100,000 017,520,000 $34,620,000 $2,00,000 S500000 1,00, 1
Proefeurred stock 5A9,0 ........ 440:1 91
5 Total capital stock...................5 33,900 17,100.000 17,520,000 3,6000 20080 0,00 10,
6 Funded debt atued .............................. 126,752,600 15,672,000 44,646,0O 6o,319 000 14,000,00o 3,275,
7Other long-term debt .... ............... ......... N:6 2.,40 500 9 6q2 6a2 862 ....:7:45 71l'0
3,,75, 5 ,
8Ttllg-term debt ... ..................1 6 17 2,500 45,49:6 2 .90g,862 14,000,000. ,7500 3100 7,0
9 Grand total capitalization ...........................192,700,767 34,562,500 62,94s,362 97,510,962 16,000,000 500,000 4,275,007
10 Railway operating revenues ......................... 73,438,60 4 19,907,549 28,125,117 47,932,666 1,634,033 6,852,263 1,907,172 1511
11 Total maintenance expenses .......................... 17,2 ,970 4,1 2,6 7.06,549 1 1,79 156 6 91,73 9
11-1 Maintenance of way and structures.............. s,46 296 1 1 O,022 2,756,391 4. M,4 13 ....
2 Maintenance of equipment ........................ 8,76067 2,411, 0 ,86 4,280,157 6 ,60 5791iI5
12 Ralay operating expenses ............................ 49,994907 12,9946, 430 20,515,391 33,50,921 918,738 4,022,320 1,39 1 1 ,
10Railway tax acruale .... ......................... 93 Q89 1,420,206 2, 3 4 12,354
a84, 62i5ntc ens 5 o 0 639 3.e j,2 64 190
15 aqui~ operating income ......................4:N83 ; ex815- Eq ipm e t en s .............. ........ .. 4 d 5.+41 -r T M 2,90 d 7 4.q
15-2 Joint facility rents........................... 3,263,7 670,50 972,828 1 043,331 706,367 27,:67 11 92,
16 Net railway operating income.................21,676,375 5,100,724 7,641,537 12,742,261 481,102 3,435,220 43,137 4, 5 ,4
17 Other ioe..................................... 2,117,707 263,o0 1,319 1154599 91 0,33 143,343 5,366 7,6 82
18 Tot al income.......... ............ 23:79' ,092 5, 3N:2,004 8, 532,856 13, c96, 860 572,135 3,578,56 58,0 51702 93507
19 Rent for leased roads................................. 5,330,19 29,625 2,600,4 20
20 Interest on funded debt ....... .........................,1,0 723,358 1,876,26927 1..1,6 1,6,21G
21 Interest on unfunded debt.......................... 25,212 192 3,189 3,371 1:664 1,263 491,6 2 1
22 Total interest accrued ................... 5,336,012 723, 5O 1,0 05 2 6659 61,664 1,263 192 o96
Thal deduction.............................. 2,7494 1,03 47920 1 :5 6








2o4n 1 :5554e954 5,5902 72l42 9,2
Otter deducttion...... ........................... 2 13 L 2 190,522 3,2 97 5,6
25 let income .................................. ......... 11,239,128 4,550,540 3,013,834 7,564,374 1,716 1,377,135 377,979 1,917,924 ,7,3
26 Dividend appropriations of income and surplus:
26-1 common ......................................... 2,772,062 1,050,000 1,437,200 2,487,200 ... 50,000 51,000 193,862 2s4,02a
26-2 Preferred .................. .. ........ .. ... ... ... ... ... ... ...
27 Total appropriations of income ..........................1,567,991 850,000 224,966 1,074,966 ... 50,000 89583357 493,025
281 Income balance transferred to profit and loss ...........9,671,137 3,7001,540 2,788,868 6,489,408 1,716 1,327,155 28s,461 1,564,41.7 3,180,01

Ratios of Items

Per cent 3 Common stock (3 to 9) ...................... .... .......26.3 49. 27.8 35.5 12.5 100.0 23.4 1
Preferred stock (to ... ..2.9 1
Total capital stock 5 to .....................29.2
nde debt unmatred(to. ......................... 65.88 74. 1 ..5 7. 6,6.
7 Other long-term debt (7 to9 5.2 1.31299:90






Z~oe {2 e to 9............................ 5.8;,0 .
Total 1ong~term debt (8 tc 9)....................... 70.8 50.5 72.2 64.5 867. 75
Per cent of Railway Operating Revenues: (Item 10)
11 TZotal maintenance expeses (11 to 10 ................... 2g. 25. 23. 22. 240.1;
12 Railway operating expenses (12 to 10)....................01 66 73.0 69:; 56.2 59.7 .67262
1' Railway tax accruals (13 to1 .......I....72 7.2 7.2 7.9 7.7 99 .
lj quipment and joint faiiyrents (15 to 10) 22...557..9.51. 61
1 Net railway operating Incom~e (16 to 10) ...... 29.5 2;.8 27.2 2N 29,4 50.1 285 29: ,51
Per cent oqf Total ime: (Itemn 18) 063..1. .
17 Other Imoap (17 to 18)..................................22. 10.4 8.3 15,9 4o41. .
20 lutee on audddb 2 to 18i....................... 22.3 13,5 22.0 18.7 0;3 902.
21 lut rs on unfunded debt (21 t~o 18) .....................0.1, 0.1 041030. .
22 Ttalinteestaccred122 to018)....................22.4 ?52.189923.08.3
22 Otho ducion3to 1....................................0 1 ~ 12.1 7.9 1.50.11jj
2 Totaldeductions (24 to 18) .................... 2 1Z2674.6976153563006
25 Net income (25 to 18) ................ : 53 40.3 38.5 6. 703:




10
o INTERSTATE C COMMISSION
13UREAU OF STATISTICS

STATRN F C~A PITA LIZA TIOI AND INCOME2 ITEMS TAKEN FROMi PELIfINAJX REPRT OFLASS I TAP (NOT INOLUI7DNO SWITMTflG AND TERMINAL COMPANIES) FOR THE YER ENDE DCMER 31, 19128



vow England Region
O tfddian National SyateS Syste --eifiw lte
Item 2agor a Atl.ntio Canadian Cadian Na Y
Aroostook & Maine & St. central Pacific Pacifio CeraOl
R. R. Co. R. R. Lreme Vermont Lines in Lines in R. B. 0o. W H
L Ro y. 00, Maine Vermont R. Co.

SMiles of road owned (single tack) 6. ....... ..... 161 16.37 79 173"6
2 Average miles of road operated* .61423 2,11z. 3 16:75 10.02 23373 1 2
ommon o ck .......... .. ........ ... ....... $5k 2 ,o o o , 0 ..,
iipreferred stock .... *- 65..00 .....,0 62,230,050 52:1 5:44....3007.000 1:1
5 Total capital stock ,50,000 91, 638,o4 5,451.,ooo 3,000,00 2,239,55 1507, 2, 5
6 Funded debt unmatured ......20,010,000 127,631,879 ... 13,709,165 2,890 000 ... 25,4110,500 29,4oo
7 Other long-term debt ................. 1. 1751,093 23 736,:295 ,2:9 2,5
Total l1ong-term debt ............ .............. 20,010,000 127,61, 579' 21,7512,270,3,52,03 3,4, 1+63 ," z s
9 Grand total capitalization............ ...... ..28,818,000 219,269,923 7,235,093 40,1445,463 8.752,739 ... 40,417,600 4s2090 10 Railway operating revenues .............. .......... ..... 7,19,222 76,624,237 2,532,219 7,603,525 2,552,77 $2,037,925 19,301,599 1333,053
11 Total maintenance expense ......................... n 2t7273t95 re 45,S9, 717 1,133,948 2,445,930 1,16 1,471,994 6,623,930 4,18
11 TtlMaintenance e~owydse tructures..................2 2: : 1214 6921 681,961 1,303,399 675, 1, 111
11-2 Maainenance of equipment ............... ..1414:230 13 45,796 2,1987 17145 1s02g240

13 Railway taz acruals ................................. ,273,623 3,94-6,294 215,559 166,780 17,14 48,37 1,335,985 7,49.95
SRailway operating ilome .................... .,7 15,2 5, 642 2,973 3 a
15 Equpmpientand joint facility rents .......................22;,332d742' .32 669u 01 dR69fi8
151oqipnt trents............... ...................22,5351 12sg 7d 2 RL7 H 2 3,1
15- Jin fciit rnts .......... .................d Z26H 4 17 .2.1L2 1
16 Net railway operating income................ 1,99,190 12,802,969 1d 15028.02 1,281,954 d 319,991 d 1.120.738 2,704,327 29,235,404
17 Other income .................... ............... ......56,899 1,557,659 1,535,061 39,199 473,172 2,66,73 225,990 6,972,055
is Total income................................. 1,956,089 14,360,628 507,035 1,321,153 153,151 '246:oo 2,9 3,317 36:210,42#5
19 Rent for leased roads ................................. ... 1,19,132 ... 216,553 1,65O 246,O00 822, 9 4,876,885
202tro n udddb- ..... 4,5 : 777,002 144,500 ... 1,222,07 <13,13,94
on =ntededtton.f.n.ed _1 ............ 1 0 12
00, Itrt tt......U 26'892,967 780*
22 Tntt Ino e. d................................ .13,o 6,,5, i 206,o9 79,859 1 ,*00 1, 1 6o
24Other deductions......................9 ,106 141,95 1,651 5,o62 M. 1,69 1 3
"~.l ..t.r.tacr... ....................97,901 6,,15 20,70 105,1 16&666661,
tal deductions ..............................7,1 723 7 20,0 10,1 1,590600 2,X7:8 1,2553
25 Net income ............................ .-..............953.077 6,437,471 299,068 267,640 6,60 .. 758,431 16,997,909
26 Dividend appropriations of income and surplus:
26-1 Common .......................................... 372,z60 ... 290,926 ... .,.. 40,2+ 4 1,3
<26-2 Preferred....................................... 243, 00 2,907,330 ... ... ... ... 150,000 334,5
27 Total appropriation. of income ........................ ... 3,065,657 290,926 ...... ... 150,000 ...
28 Income balance transferred to profit and loee 993,077 3,371,M14 5,142 267,64o 6,601 ... 635,431 16,557,909

Ratios of Iteme

Per cent of Grand Total Capitalization: (Item 9)
Ocmon took (3 tO 9) ............................ .95 15.0 75.5 7.4 25.62
Total capital stock 5 t0.... .. 6 1875 2
Funred to ............................3 ...
Fundd debt enaured_ .......
7ont rm debt (7 to 9) 5............. ... 5
7Total long-term debt (9 to 9).....................6.:4 55. 24.2 92:1 74.4 ... 6:
Per cmot of Railway Operating Revenues: (Item 10)
11 Total maintenance expen:es (11 to 10/............ .....37.9 3 S44.5 32.2 46.0 72.2 34-3N.
12~ Railway' operaing expense 1'2 to 10)........... .....6z.5 9154 999 132,4 7:
1 Railway t crualse (13to o) .................. ..5.0 55. 2.4
.+ o,+ ,,+ in,,a s (16o ) ....+:::::6". .0. 16.9 ....
Railway operating in me (14 to 10)................. .21. ... 17.9 ... ... 15
1 Eqimnanjoperaiglity rnts (15 to 10 ... 3.1 ... ,.......
1 et ral a operatic ng ncoe (6tl ) ......... 26.3 16.7 ..

Per oent of Total Income: (Item 18)
17 Ot her income (17 to 18)............................. 2.9 10.8 302.7 3.0 305.9
19 Rent for leased roads ( 1 o1) ............91... 100.027
0 Interest o dedo 18) .......... ... 4 ...:
21 InteoreeItunfunded debt o1 ........0.9 2.1 4.7 0.2 ... 231
22 otl n res acredU2 o 8 ........... 49.2 4. 0.35 43.. 353.
S Other n (23 to i 0:3 3
2 Total deutions (24 to 1) ............... 9. 'P124107 7 06 3.
et income to 1 ) .............. ................ 50 3 59 0 2 .3 ..
Per cent of Net Income: (Item 25)
27' Total appropriations of income (27 to 25) ....... ... 7.6 97,3 ... ..... 19.0 ...
.a transferred t profit
end l Incluing rackge rghts Ie: aso Geat Lakes 1Region end Northestern Region for ti system.
Defiit r oter evere Iem. 0 A~o Nrthestrn Region for this system.
500 lso reatLaks Rtegion for thief system.






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM P ARTeMIPORTSOF CLASS 8 SE WAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) dirf TE R ENDED DECBR 31, 1923


New England Region Grea makes Regn
oanadtian national Ssne. /
Item Vew Y Rutlad Rocnnster l
Connecting --;an N.e & o.0
R. R. o.&

1 Yiles of road owned (single track) .. 8.97 95 .60 369,71 59*55 188.32
Average miles of road operated*. 20.50 41.01 601.97 9 189.8 3881.
3Comon etocki ....-............................... 93,000,000 S 11 ,o0 410 500000 $1,095,000 11,000,000 46,000s000 151.573,500 (AW,441,100
erred stock ............................. 30,8,9 2,300 6 000 .,,0006
5 Total capital sto9k 000 1,095,0 1,500666 600009,01 01,573,5o0 s,0i
6 Funded debt unmatured .......... 27,333,000 9,821,000. 37,373,200 ..31 26,20,45 600
7 Other long-term debt ... ... ... 2,9919,il 1l 8 8 2,,
STotal long-term debt : ::::::::.::..::: 27,333,000 9,21,000 37,373,200 2,59s,919 18,503,7 57 ooo
9 Grand total capitalization ............................ 30,333,000 18,903,100 53,973,200 3,646,919 20,303,147 63,8ag,29 111.775,950 84,760,075
10 Railway operating revenues ..........................- 2,857,741 6,626,282 16,966,504 4,013,441 9,363,389 22o7,054 40.2,a 715 1,135,181
11 Total maintenance expenses ........................... 436,484 2.533 51 6 45 31,4 32 8 1
11-1 Maintenance of way and structures .............. 28 215 1,3123E 2,0 03 14,133 1,204g%1
11-2 Maintenance of equipment ....................... 154269 1,221 6 4 2 392 1 299
12 Railway operating expenses ..................... ...... 1,001,722 5,361874 13, 359 1,65817 5,8 330 1 .0 1, ,S
13 Railway tex accruals .....................................478,897 336 667 00,000 10 31 14822 2 6 4 ,5,0 9.3
1 Railway operating inome .................... 1,377,122 920,790 2,616, 17: 70 1 4
15 Equipment and ....t f li y ent.. .................... 6. 9,60 2 1,502 17.22 95 883, 72,997 2 50
15-1 equipment rent................................. 1...138,266 .d 10 8 30,024 1 ,021 2 3:83
1 -2 Joint facility rents ....................... 1,07 7 24 ,41 05,32 11, 996,
16 Net railway operating income ................. 1,068,920 94,82 2,757,637 1,834,050 s,609 343,0 7),076 96 1 ,17
17 Other Income ...................................... .. 61.346 1065224 5,406 1,617,212 134,095 1,8096 99 5,608
18 Total uinome ................................ 1,3105s,2 1,047,384 3,361 14 1,7,0262 2,02,0413 4,2965399 5,017 7,054.993
19 Rent for leased road ................ ...........5..0 19, 00 373500 ... 35,869 12,967 9 6 6,95,2
20 Interest on funded debt.................................. 1,246, 6c 421L 420 1,744,10O3 ... 799,177 222 6 2I1.
21 Interest on unf ded debt. 2............................01978 424 6,044 105,800 5,432 1,9 11 17
22 Toteluintere t acrued .........................1,248,62e 425:661 1,750,547 105,800 5011,609 2,2413.0 9 4"7
r redution ...................................... .61,880 1,628 53,524 1,667,209 9
24 Total aiprri t ion..ncme .......... ...310,508 455,259 2,177571 1,773,009 1 969,506. 5 6 11,41
25 Net income .......................... ... ............ d 172,242 592,095 858,473 7,253 32,907 142,879 6,384,279 13,75
26 Dividend appropriations of income and surplus:
26-1 Common............................................. ... 420,000 43,800 ... ... 4,641,61 1182,7541
26-2 Preferred ........... ........................... .. ... 89,62 360,000.. .... .
27 Total appropriations of income ........................... ...... 89,623 43,900 549 1,2,5
28s Incoe balance transferred to profit and -loss ............d 172,242 502,472 859, 473 34,453 32,907 142,979 6,5,5 ,0,8

Ratios of Items

Per oent of Grand Total Capitalization: (Item 9)
Common took (3 to 9) ............................... 9.9 0.6 19.5 29.7 7.4 9.4 46.1 99.6
Preferred took (4 to 9) ............................ ... 47.4 11.1
Total capital stook 5 to )........... .......... 9.9 48.0 30.6 29.7 7.4 9. 41
F Funded debt unmatured to 9)...................... 90.1 52.0 69.4 ... 37.6 49.9 539
7 Other long-tere debt (7 to 9 ....................... ... 70.3 55.04 0
8 Total long-term debt (8 to 9)..................90.1 52.0 69.4 703 92.6
Per cent of Railway Operating Revenues- (Item 10)
11 Total maintenance expense. (11 to 10) .. 15.3 39-2 38.6 9.3 21.4 32.1 35.o 26.9
12 Railway operating expenes (12 to 10) ................35. 80.9 81.6 41.2 62.5 72.7 7. 71-5
14 Railway taxnooarle (13 to 10) ..................... 1.7 2 3.5 1.6 5.1 2 7.9
Railway perating income ( to 1) 48.10 15: 55.3 35-9 22.2 1. 20.6
1 Equipment and int f lity rente (15 to 10) 02 1.0 ..7 0.
1 et railway operating income (16 to 10) ........37.4 14.2 16.4 45.7 20.0 1,.4 19.0 21.1
Per oent of Total Income: (Item 18)
17 Other income (17 to 1) .6.1 10.2 8.2 0.9 6.7 20.6 32. 1.2
19 Rent for leased road (19 t .... 1.8 12. 1. 0.3 16.3 9..5
S Inte on funded dt (20 to 18) .................. 109. 40.2 57 99 2.2
21 Interet on unfunded debt (21 to 18) .. 0.2 0.5 0.2 5-7 0.3 0.3 1.3 0.2
22 Total interest accrued (22 to 18) ................ .109. 47 57.6 5.7 40.2 2.5 26.9 0.2
23 Other deductions (23 to 1) ....................... 1.0 1. 90.1 564 0. 0.2
24 Total deductions (24 to 18) ......... 115.1 43.5 71.7 98 98:4 97 44.1 34.9
25 Net income (25 to 18) ................ 56-5 29-3 9U2 1.6 3.3 55-9 65.1
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ... 15-1 56.0 ... 0.4 90.0
29 Income balance transferred to profit
and lose (28 to 25) 84.9 100.0 44.0 100.0 100.0 99.6 10.0

Including trackage rights.
d Deficit or other reverse item.
1/ See also New England Regton and Northwestern lion for this syatem.




12
2960 ITRTT OMRECMISO


STATEMENT OF' CAPITALIZATION~ ANDINCXXOMEl ITEMS TAKENjFROMPRLMNYREOTOFCASITAMALWS (NOT INC1,DING SAWTOHTG AND TERMINAL~ OMANIF) FOR T 'F~AR ENEDDCEBRO1J12


Great Lakes Regi.on

Mac ~

1 ii. road olned (single track) .............. 303.18 4+6 98 249.5 6.24: 3 8;:0 162
2 Average mles of road operated ...... ....292,4 24'I 300.3 50.24 526293. o 1:
Qomn sook. ..... ............. $2,000,000 $148,o $10 O $1 78l6 00 $144 00 $12, 16 3V8,0,00 $,0,0
Proeferred stock ..90002q ~ 8:0 2
5 Tota iapilstok'''.. 2,9 O000 1,2,105ooo L:021:10 2,229,600 25,781,163 4,0,6 e,mo,6
6 Nnmdad debt unmatured ..... ............ 2,750,000 3,233,900 22,000,000 224,825,4162 1,025,Z60 12,799.943.. 8g 00
7 Other long-term debt ...... ....... .... 12339:236 ..82: 50
8Total long-term debt ............. 2,750,000 3,233,i00 34:339,236 -24,825,462 1,108,610 12,799,943 i
9 Grand total capitslization ........ ...... 5,700,000 4,661,800 34,439,236 439,s46,562 3,337,210 39,581,106 4,70,000 14,68o,oo
10 Railway operating revenues ............... 1,668,743 4,873,358 14,8g4,622 110,091,920 1,583,383 4,957,022 2,922,s47 ~ 5,392,412
11 Toa aneac xpne ........................646 766 14 92 3, 70:622 37 75j2247,9 113' ,6 79, 116,

12 ailway operating exess...... ........ 1,238,997 238 32 9 93,5 g:6 9 134,41 381 4 ,6,0 ,5,1
14 Rilway t o cruals.................................... 130,66 393690 ~ 707,226 4,350,6054,9 35671545 14, 1
1 Railway operatin income ........................297,64 2,9,783 27,7 192329 ,90 7923 6,7 122R
151 quipmnt rents .................................. .....81 a 2 .1 .5. ~ 2.0 L t
15-2 Joint facility rents ......................... .3 24 [ 1 4T 6 2,5 10
16 Het railway operating income ....................330,089 1,143,275 1,612,949 18,434,210, d 24-9,228 459,550 522,024 1,1,1
Ot8 e Toa noe............................. ,910 1,0012 1,7 2 8 2'3 95 52 d 23,3 535 91 54:0 1, 29&

20 Interest on fudd debt ..................................110,600 1i ll i,6o59 i,:15,g 63 9
2 Interest onon dddebt .510516, 2 2:4'2 313
22T tliteresat arued.'.-.'...................... 115;J65 13'4,297 1 6o09426 l0.,659; 51,282 634 219 9:
2Other deductons...........................................130,990 l955:6113l4999557 22,1J7
24 ~Total deductions ...............................117,166 3,7 :5:9 395I 227 718259 4
25 Net income.............................................. 233,744 1,065,754 ... 10,002,i894 d 29,75 d 235,961 564,227 836,127
26 Dii$dend apropriations of income and surplus:
261 C m o . . . . . . . . . 8 2 .4.. 6 4 1 ,
27 Total appropriations of income ........... d 4o ... ... 1,399,092 .......
28 ncomue balance transferred to profit ea loss..... 297,824 1,065, 754 ... 8,614,792 d 291,775 23,961 56f,227 836,127 Ratios of Items

Commo stock aQm in tto 9).......)........ 32.1 30.6 0.3 34.4 43.2 33.O10.0 4Tota caita s51.&8 30.6 0.3 4: 9104:
Fund2 det6mtrd ~o? 9.4 63*9 51. 30.7 33.2 53 7
Is Total logtrm debt o gj;:::r...........4: 6:4 9 -7 5ii3323..5Par cn oRalway Operatn Revnue: (item 10o)


I Raa operat g oe (1 t 107....... 19.8 42.9 35:4 17.5 9: 45.7 233






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS F LASS I EARAILAS
(NOT INCLUDING SWITHING AND TERMINAL COMPANIES) FOR E YEAR ENDED DE 3RR 1,


Oreat Lakes Region


Ne1 wiles of road opened (single track) 2New entra Lin
system id Now York,

2. R.egWestern R. R. Co. R. R. oo. R. R. Co. R. o.
Ry. Go.






Other long-term debt ....................... ......... 3 ,050,000 1
STotal long-term debt ......................... 89,936,000 10,255,300 2,24,000 28,894,875 64,461,653 62,26,271 2 1

9 Grand total capitalization .......................... 150,544,000 15,255,300 7,343,000 7,012,858 83,198,053 1,0 0,827,406 4,167 44
10 Railway operating revenue.a i '......... ............... 71,935,071 7,191,161 1,720985 12,650,717 93,217,4 381,73 ,2446
11 Total maintenance expenses ............................ 2,64,40 1,258,672 238,914 4,167,79 28,422,674 132,929 30
11-1 Maintenence of way and structures ...........,28,685 968,298 286,570 1,807,764 9 ,6 S
11-2 Maintenn of e equipmentt ........................1 35,725 ,090,374 552,344 2359,5 1 1,412:
12 Railway operating expenses ................... 53,2,935 3,806,658 1,329,077 10,496,821 62,643,935 287,2 2 9 0 3
19 Railway tax accruals .................. ......... 3,67544 27 ,778 17,98 29 3,93 ,16, ,4 2,9
10 Railway operating income .................... 14,411 ,2 3,104,520 7 20,9 1,622,787 2,2,557 3.1 3,4 2
1 5 Equipment entsc i e ........................a j i r 1 46 9 O d 1 4
15 Equipment end ont fao ilt rents .................... 2 0650 6 d 1 12 94 2 9
12 ,a operain exess....... .......... 53.826,935 I ,6 1" 0.+, 10 9+. I2 62 7 643, 7 28,5:0 7


15-2 Joint facility rents 3,399 d
16 Net railway operating income .......... .....12,315,126 1942,474 646,813 91,577 23,155,967 62,22212 77 9 6,

17 Other income ................... ................. 1,820,624 97,355 21,505 369,431 2,9 51 34 ,629,1 1120,267 2,760 606
18 Total income ............................ .. 14,135,750 2,039,829 668:398 1,283,008 25,249,718 96,851,439 8691,096 12.317,503
19 Rent for leased roads ......... .................. 2,345,834 405,255 227,8 2,736,5 14,117577 622,943 1,457
20 Interest on funded debt ............................... 4,020,759 516,62 110,344 1,155,526 2,890,5 27,744694 1 56
21 Interest on unfunded debt ......................... 16, 3 114 3,932 41,384 14,195 52,012 2
22 Total interest accrued .......................4,o7,47 516,796 1,276 1,196,910 2,904,7 28, 05
23 Other deductIon ..................................... 1,105,912 4,130 13,187 17,892 21 8,966 ,902,T 655 159
24 Total deductionh:......................... 7,489,243 926,181 127,463 1,442,677 5,860,298 46,516, 94 I11206 5.938,79>
25 Net Income ........................................... 6,646,507 1,113,648 540,935 d.159#36 19,389,420 50,334,485 7,171,890 6,372,710
26 Dividend appropriations of income and surplus:
26-1 Common ..................................... 4,235,119 300,000 102,000 7,494,560 34,854,879 4,31,O 1 969
26-2 Preferred ............................. ....... 10,630 192 2 1 076
27 Total appropriations of income ....................... 358,036 7,494,560 35,030,731 4,318,210 4,182,9 0
28 Inoome balance transferred to profit and lose ......... 6,646,507 755,612 540,935 d1966 11,894,860 15,303754 2,853,680 2,195,730

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
S Common stock (3 to 9)... ........................... 40.2 32.8 69.5 66.8 22.5 42.5 93. 1;9
S Preferred stock (4 to 9) ........................... 0.,1
5 Total capital etook5 tp 9) ..................... 40. 69.5 66.8 22.5 42.5 93 3
6 Funded debt unmatured (6 to 9) ..................... 59 7 30.5 33.2 77.5 57.5 6
7 Other long-term debt (7 to 9) .- 265 0.1 1.4
8 Total long-term debt (8 to 9)................... 59.7 67.2 30.5 33.2 77.5 575 6.5 6.0
Per cent of Railway Operating Revenuee: (Item 10)
11 Total maintenance expenses (11 to 10) ............... 3 25 47 32.9 305 34. 45 311
12 Railway operating expenses (12 to 10) ............... 74.9 52.9 772 2 75-5 91.5 71.6
13 Railway tax acoruals (13 to 10) ..................... 5.1 3-9 1.0 4. 18 65 5
14 Railw ay operating income (14 to 10) .............. 20.0 43.2 21. 12. 26.0 12.0 227
1 Equipment and joint facility rent a (15 to 10) ....... 15. 12
S Net railway operating income (16 to 10) ......... 17.1 27.0 37.6 7.2 24.9 16,.3 248 16.1
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ............................. 12.9 4.8 3.2 28.8 8.3 3.8 126 22.4
19 Rent for leased roads (19 to 1.) .................... 166 19.9 17.8 10.8 1.6 7.0
20 Interest on funded debt (20 to 18) .......... 285 25.3 16 90,1 11.4 29.6 1.9 .9
21 Interet on unfunded debt 21 to 181 ................ 0 32 0.1 0. 4.
22 Total interest aorued (22 to 1i ................ 28..6 25.3 171 93. 115 2. 9 9
2i Other deductions (23 to 1 ) ......................... 7
Total deductions (24 to 18) ...................... 530 45.4 19.1 112.5 23.2 48.0 19-3 48.2
25 Net income (25 to 18) .................... 47.0 54.6 80.9 76. 52.0 so.7 51-8
Per cent of Net Income: (It;em 25)
27 Total appropriations of income (27 to 25) ..... 32.1 38.7 69.6 60.2 65.6
28 Income balance transferred to profit.
and lose (28 to 253) ............................... 1o000 67.9 100.0 61.3 30.4 39.8 34.
Including trackage rights.
d Deficit or other reverse item.
/ See also Newt England Region for this system.
Bee also Central w Enstern Reion for this tem.




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND 12COME ITEMS TAKEN FROM PRELINUNARY REPORTS O CLAS STEAM RAThWAYS
(NOT INCLUDING SWITCHING AND TERTNAL COMPANIES) FOR TEE YEAR ENDED S1, 1921



_Great Lakes Region

Item Pere Pittsburg & Pittsburgh Pittsburg, aes Sys
Marquette shaumut & West +"" n Deware I nD &bor Ibash
Tirginia Northernl De awaro. Ann Arbo. Wa.bOs.
Ry. Co. R. R. Co. Hy. 0o. L/ R. R. o. R R. R Rn. Co. R K a.

I Miles of road owned (single tr.ck) ....... ............ 1 7,5.94 102.96 g9.01 160 .96 128.8 79 2,G41.22
2 Average miles of road operated ....................... .. .2,242.52 102.96 92.34 198.60 129.8 29 2,524.20
Ommon stock ............. $45046,oo $15,000,000 $30,235,1oo $15,000,000 $,903,000 $,250,0
Preferred stock ............................ ..... 23,629,000 ... ... 00,000 71:53.
5 capitalsto ........................ 6 o 675,000 15,000,000 ,2 00 15,000,000 1,900,00 7,Z8,5
3,23,i'00020000 138O,12 9
6 Funded debt =matured ............................ 53,039,000 1,563,000 6,539,000 .5 3,oo 0.o ..
7 Other long-term debt ................................. ... ... 2,155 ... 9 400
a Total long-term debt......................... 53,039,000 1,563,600 6,539,00o 2,155,8e84 3,000,000 9,3300 126,040,125
9 Grand total capitalization .......................... .121,714,0oo 16,563,000 36,774,100 17,155,84 4,0,0oo0 16,853,300 264,160,824
10 Railway operating revenues ............................ 45,761,569 1,863,261 4,473,023 1,916,609 1,172,434 5,965,673 71,072,991
11 Total maintenance expenses...................... ... .14,039,678 692,674 1,179,32 807,67 374,95 1,93,576 1 1 132
11-1 Maintenance of way end structures ...... .... ....4,911,90o 286,482 29.g3 402,O 192,664 1:5 99 663
11-2 Maintenanoe of equipment ................ . 9,127,770 4<6,192 881,C49 405,014 182,297 1 292,411 95469
12 Railway operating expenses ...................... ..... 31,036,347 1,318,952 2,554,354 1,502,365 994,560 4,425,486 ,4il,568
1 Railway tax accrual ................................. ,725,029 15,44 605,778 36,363 6,20 322,9 3,052,35
always operating Income..................... 11,994,612 56,M 77,70
15 Equipment and joint facility rents ... ...................d 1 32, 90151,845 d 92.047d 109,4371 l21,9.2 d3 5.o
1 -1 equipment e .............................. 91 ,717
15.2 Joint facility rents .......................... dd2 d d0.87 101
16 Net railway operating Income ................ 10,596,357 516,712 2,218,718 285,656 64,099 935,312 11,950,039
17 Other income ....... ........................... ........... 575,787 234,825 586,382 14,419 1,6o 25,902 1,635,856
18 Total income ................................ 11,172,14 751,537 2,805,100 300,075 65,699 961,214 13,585,895
19 ent for leased roads ................................ 93,807 269,942 3,000 ... 363,633
20 Interst on funded debt................................ .. 2,9 44 88,038 171,195 233 140,000 426,97 1 5,9,6,10
21 Interest onunfunded debt ...........................4923 423,012 101,593 710,558 11 83 665,66
22 T tal Interest accrued...................... .2,59:365 511,050 272,78 710, 1 140,011 6g,30 60
Other deductions ...................... ........... . 23,000 8,826 21,924 2, 42,280 21 2
2 Total deductions ............................ 2,705,172 519,876 564,654 716,47 12,280 8,727 7,I8619
25 Net income ............................................ ,,466,972 231,661 2,240,446 d 416.399 4_ 76, 68 471,487 6,4ol,277
26 Dvldend appropriation of income and surplus:
26-1Common.......................................... 3,603,680 ... 1,14,106...
26-2 Preferred.......... ........................... 1 11,450 .... ... 3,576, 0
27 Total appropriations of income ........................... 105,736 1,814,106 ...
28 Income balance transferred to profit and loss z,466,972 125,925 426,340 d 416.399 d 76.581 471,487 6,401,277

Ratios of Items


Paer cent of Grand Total Oapitalization: (item 9)
ommon stock Q3 to 9) ............................... 370 90.6 82. 2 87.4 38 1983 ".
Peferred stock (4 to 9).............................. 19.4 ... ... 237.7.
Total capital stock .5 to 9).....................6.4 9o.6 82.2 87.0 3.8
l dd d bt una (6 0 3....................... 43.6 9.4 17.8 ... 61.2 52.5 7.7
I Other lon-term debt (7 to 9? -................................ 12.6
8 Total long-term debt ( to 9) .....................6 9.4 17. 12.6 6.2 57. 47.7
Per cent of Railway Operating Revenues: (Item 10)
11 To m intn expenses l to 10) ............... 0.7 36.8 26.4 42.1 32.0 32.1 30.0
S lwa opeat expenses (12 to 10) .............. 61: e 70.0 57.1 78.4 94. 74.2
15 Rail~way tax accruals (13 to 10t &0 0.8 13; 1.9 5.8 5. 43
1 Ralway oper ng inci (1 io.10) ..................9.1 29 197 9.3 20.4 21,9
l zj aint 10 J 1;ts t rents (15 to 10) ... 20.2 12
1 et raila opera eating inome (16 to 10) 23.2 27.4 49.6 14.9 5,5 157 16.8
Per cent of Total Inoome: (Item 18)
17 Other income (17o 18) ........................... 5.2 31.2 20.9 4.8 2.4 2.7 12.0
Rnt fo leasd r0o (19 to L 18) ............ ........ . ...0.7 ... 9.6 1.0 7
20 inest on fude debt (20 to18) ........................23.3 11.7 6.1 0.1 213.14: 4.
21 aners on ufned debt (21 to18..:630. 236.9 21.1. 4.o
22 Ttal intrs accrued (2 o1 23.3 6. 3. 1. 944:
24 Ta, co ( to i) .......................24.2 69.2 20.1 .6
25 Net income 1)............................... 75.8 30. 79.9 ... 30,...8 79-1

Per cent of Nlet Incme: (Item 25)
27 Tota aproriations o c m e (27 to 25) ........ 45.6 81.() .....
52. 19.0blac rnserdtopoi ... ...00010,
an losedia t(2kag ro2 ) . . . .I. . .Ig. .. 1t0s,4. 1 1 1 0010 .
0 Icuinto the rghrs Include$s data for West Side Belt R. R. Go.
d Deici orothr reers itm. include 88.83 mils of proprietary companies.




INTERSTATE COMMERCE COMMISSION

BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELnMINARY REPORTS OF OLASS I STEAM B IWAYS (NOT INCLUDING SWITCH TNG AND TERMINAL COMPANIES) FOR THE YEAR ENDED DE MBER 1, 1928


Central Eastern Region
Baltimore & hIo5SRatee Ghesapeae
Akron a E Buffalo Ohio Chicago 6 Chicago & Thicago
Item Ganton & BaltIsland Bessemer & usque- Hookin eastern Illinois Iadianapoli
Youngstown B more apid Lake Erie hanna R. R. V Illinois Midland Loisille
Ry. Co. & Ohio Transit .. .31 Voxpoaio Talley Illnos, su
R o R. R. Go. Corporation R. o. R. o. R. Ry. .

1 Miles of road owned (single track) 19.03 Y 5 125.12 23.54 211.11 218.22 320.61 23.34 29.1 618
Average miles of road operated* 171.6 5,6:7.9 23:4 224.6 253.54 3457 945.1 131.6 6481
3 common took ............................. 81,500,000 $215, ,853 $1,550,000 $10,099,2oo 000,000 $10,99,500 23 $1,600,000 $10 0
Preferred tock .... ...... ....................... ... 586 ,181 ... 2, 00,000 1000,000 ... 00 4
5 Total capital stock ................ 1,500,000 274,0 ,034 550,0oo 12,699,2oo ,000,000 10,9.500 1,600, 15
6 Funded debt unmatured ................................ 3,724,000 542,626,740 8,799,000 13,775,000 4395,100 25,009,000 41,033,936 7, ,05
Other long-term debt ...... .... 751.. ....,68 1 39 72,80
Total long-term debt ...................... ,626, 9,550 16 13,775, 4395139 25,081,806 41,o03, 27,121
9 Grand total capitalization .......................... 5,224,000 816,677,774 11,100,168 26,474,200 11.395,139 36,081,306 86,925,336 10577,714 4,609,356
10 Railway operating revenues .................. ......... 3528026 236,18,61 3,127,661 15,794,736 1,632,983 20,801.232 24,893,573 2,736,600 18,381,006
11 Total maintenance expenses ............. 1,014,514 74,299,840 59 5 4990,377 838,979 6,150, 704 8,
11-1 Maintenane of wayand structures 66 29 26, ,745 113,414 327, 8 2 2644o 8
11-2 Maintenanoe of qu pmn .......... 6,5 7,404,05 225119 3,76,63 5, 1 3. :060 ,9 543N
12 Railway operating expenses ..................... 2,263,549 172,550,868 2,103,175 9,290,35 1,6 76 12, 629 19 5 133 s
13 Railway t aoo ruals ...................... ........ 17,5 I 11,638,71 216 1,424,937 ,
1, Railway operating income .......... ..31 52,310,49 612 5,079,332 141 o 6,
15 Equipment and joint facility rents ..... .0d.. 1 2 292 180 a









P15 Eqipent od 372,and 122a d~lal~ln ?.te9 4 :
15-1 Equipment rents .......................... .. .Z9 8:70 207 1 .101,
15-2 Joint facility rents ............... 4........ d 27,096
16 Bet railway operating income ................ ... 722,461 49,387,716 349,650 5,204,624 321,448 5,624,746 2,00,674 530,715 2,696936
17 Other income ....................................... 78,821 7,378,325 24,008 1,506,737 167,087 218,988 554,735 234.957 14,662








80,9 0 1. 659 6 71, g 5:9 75.7 ,1,9
18 Total income .............. ................ 801,282 56,766,041 553,658 6,711,31 48,535 5,843,734 2,755,409
19 Rent for leased roads l 20 442,15V 56,1 177,579 11 2,2 1
2 interest on fund ed et..... ............................. ...8 ..... .
21 Interest on unfunded debt .. ................ ....... 31 416,228 70 3,63 18 282 27:,671 5
22 Total interest orued ....................... 210,810 26,12 630 442,674 720,154 177,597 1,152,849 2,12126 505 7 13
23 Other deductions ..9...2.. 0...............,4 24,035 10,034 2 8,8163 915









. . . . 1p.2l n 2 1o o1 9 4 8 i loo9 2 4 ,0) . . . . 8 6.1 212 .
24 Total deductions ............. ....... 38,854 27,65,111 553,658 1,695,295 187.633 1,202,263 2355,201 685,1,43897
25 Net income ................ ............................. 412,428 29,100,930 ... 5,016,066 300,902 4,641,471 4 .00,208 79,852 1.372,62
26 Dividend appropriations of income and surplus: #
26-1 Common ......................................... 240,000 12,91.275 ... 2,807,976 ,. 1,099,950 ... 7349
26-2 Preferred ...................................... ... 2,35 .528 ... 120,000 160,000 ... ..... 199 5
27 Total appropriations of income ........................ 197,549 2,684,161 ... 419,976 86,093 5,777 263,316 ... ...
28 Income balance transferred to profit and lose ......... 214,879 26,416,769 ... 4,596,090 214,809 4,635,694 136,892 79,852 1,372,620

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) ............................... 28.7 26.4 14.0 40.4 26.3 30.5 27.4 15-1 *.
4 Preferred stock (4 to 9 ......................... 7.2 7.6 35.1
5 Total c capital took 5 to ).. ............. 2...7 .6 46 480 :1.4 1i
Ttal long d1b t 86.0 52.0 38.6 9 3 79.5
S unded debt unmatured (to 9 . .......7...I 6.4 7.2 52.0 38.6 9 3.
7 Other long-term debt (7 to 9) ............... ..... 8 02 3 7
STotal long-trm debt (8 to a. 71n3 6&:4 s6.0 5i.0 38.6 69.5 47.E89 2.
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10)... ..7 31.4 18.9 31.6 51.4 29.6 31.6 6.0 29
12 Railway operating expenses (12 to 10)...o.. .0 29 67.2 58.8 89.8 60.9 78.0 78.0 7
1 Railway tax aooruals (13 to 10) ..4.9 4. .9 9.0 1 7.3 6.4 5*
1 Railway operating income (14 to 10) .............. 31.1 22.1 25.5 32.2 31.7 15.6 18.6 22.
1 Equipment and joint facility rented (15 to 10) ....... .08 11.0 .... 08
1 Net railway operating income (16 to 10) .......... 20:4 20 1 33.0 19.6 27,0 8 19.4
Per cent of Total Income: (Item 18)
17 Other income (17 to 18)...9.8 13.0 36,8 22,5 34.2 3.7 20.1 30. 4.
19 Rent for leased roads 19 to 18)..................... 2.7 1.0 ... 12 ... 0.7 5
20 Intereat on funded debt (20 to 18) .................. 25.9 45. 79.9 10.6 36.3 19.7 77.1 U5. 4**
21 Interest on unfunded debt (21 to 18).....0.4 0.7 ... 0.1 1.0 0.1 0
22 Total interest aoorued (22 to 1)................ 26. 46. 79.9 10 36.3 1977.1 66.1 49
2 Other deductions (23 to 18 ......................... 1 1.7 20.1 0.4 2A 0.2 1.6 01 0.
2 Total deductions (24 to 18) ...................... 48.5 48.7 100.0 R 3 8. 20.6 2 .5 9 *
25 Net income (25 to 18) ................. 51.5 51.3 **. 7 .7 61.6 79.4 1 *S 10.4.
Per cent of Ret Income: (Item 25)
27 total appropriations of Income (27 to 25) 47.9 9.2 ... 8.4 28.6 0.1 65.* ... **
28 Income balance transferred to profit
and lose (28 to 25) .. 52.1 90.8 ... 9l.6 71.4 99.9 34.2 100.0 100.
Including trackage rights, Inoludes data for Staten island .Co.
& Deficit on other reverse item. Includes data for Pittsburg, Beasemer & Lake Erie R.RCo. and Meadville,
I/ Includes 3,038.78 miles of proprietary and controlled companies Conneaut Lake 1 Lineeville RR.Co.
See also Pocahontas Region for this system.




2 INTERSTATE COMMERCE COMMISSION
296D
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS I STEAM RAILWAYS (NOT INCLUDING SWITO NG AND TERMINAL COMPANIES) FOR TE YEAR ENDED DECEMBER 81, 19293U



Central eastern Reg ion
ItmDetroit, Elgin, ntran inee A/ PenneI tam
Item Toledo & Joliet & Illinois 0nini C5n9innat, Envll5e,
Ironton Eatern Terminal otern Chiago & Indianapolis Long Island Myl- at Jersey
R. Co. Ry. Co. R.. :o. St. Lo: & Terre Haute R. R. Co. Y ,ania A Sasore
-- . . 'I... y C o R R C o R R C .
ile of rad owned (cintle trank) ...................... ... 4 69 2 5.80 4751 2440,0 2,396 16 4 13,231 'A 1 7 00
2 Average miles of road operated ..................... 1 04 71 5 .. 1146 4. 10,4809
3Common stock ...............................6, 500,000 $10,000. 000 0500,000 $3,000,000 $47,028,800 $4,290,o00 $39,994,106 $561. 673,950 11 8 5
11 1 M e at c e o3, 91. ...... 3
Soal aptal stock ........................ 9994 ... 998500
5 Tet aila .... ................... .12,99,94 10,000,000 500,000 3,000,91 57,027,300 4,290,700 39,994,i6& 56,68 1170








20 ntret n uneddet 20987 65, 9,67 ,6 8 1,11 ,26500 286,56,5 4580,0
2 Funded debt unmatured ................................ .42O,600 12,825,000 ... 1,990,000 164424,386 6 1 5705 ,
7 Other long-term debt ................................. 3 7.,9 1 ,o2 3 93 5 190
STotal long-term debt.......................... 4,20o,c5 12,825,000 ... 1,990,6 007,9 7 ,, 9.909 7 ,6
9 Grand total apitalization .......................... 16,690,548 22,825,000 500,000 4,990,000 222,804,39 4,586,376 112,815,786 1,12241,865 16,642,700
10 Railway operating revenues ............................ 11,107,836 24,602,240 6,717,136 4,061,793 988,8930,152 1,764,688 40,532,572 650,67,316 O4,09
11 Total maintenance expenses..............................3,274,692 7,4662 2 09339 1, 3 28,944,729 545,978 10,930,89 2 5 2
11-2 Maintenance of equipment ........... .... 846.435 4,97,0.1 998,02 82 ,980 1 ,053 ,57 24 ,268 517143, 1,01 .1
11-2 a enan0 of eq :i 1ment........ .......... 64 3 5
12Rilway operating expenses ............... I.............,950 6, 00 5 ,101,080 2,7 :o43 6989155 1333,86 1,357 1 8 Z5
28 Railway txacorualsferred to.profit.and ......... ..753,00 2,196,85 305,320 291,697 4,928,865 57,60 2,681,7 37,945 ,686
ilway operating inoome ................... ..34934 5,616,329 1 ,4,868 1 ,3 46 1,221,8
15 equipment and Joint facility rents ........... d2 8 d 1.885.70 d 12, 86 8
15-1 Equipment rents ......................... .. 81.R 1 1 4.60. 9 35
1 -e Jo ntf fa ility rents .......................a ( e 12
16 et railway operating income ................ 2,635,599 3,730,959 868,179 670,291 15,622,5398 4 45 7,542,458 11,297,686 970,614
17 Othe income .......... (to)............ .............. .. .83,6 2 390,78 95 232 9 1967,187 4398 234,258 24 535. 9 246,604













PrenofTotal Inome: (Iem18 18 Total inome .............................. 2,718,661 4,111,747 95,0 3 17,59,725 3,903 8,376,716 161 733.3 5 1, 217,218
19 Rent for leased road. (.............................. 4g 506 2,239,596 3,787 ... 417,511 ... o6000 30
20 Interest on funded debt .2.........................11 0........ .22097 65 175 ..667 7 697,7 17,181 3,25013 2 4 01
21 Interest on unfunded debt ...1t1........... .......0,700 1,65 48 1428 43 53,862 .1'7 : ,6
22 Total interest accrued .................... .3167 659,60 648 93095 7 629 71043 3,342,69 29, 22
2 Other dedutions o....... ....................... 21, 690 1,416 2,305 5 8 262 104 291,4 1520, 17,11
2 Total deductions ............................ 742,883 2,914,872 6,.74 98,23 8,719,902 72,090 3,694 .1 79,372,403 222,011
25 lWset income ............ ............................. 1,975,778 1,196,875 952,534 594,927 8,819,823 68.1 4,62,656 82,40,92 995,207
26 Divcdend appropriations of income and surplus: 26-1 Common .......................................... ...... 600,000 279,213 300,000 3,762,304 38,171,621 289,661
26-2 Preferred ...................................... ...... ... ... 49 ,925
27 Total appropriations of income .................. ........ .. 279,213 300,000 4,313,929 920 43,510,014 414,521
28 Inome balance transferred to profit and los ...... 1,975,77 1,196,75 673,321 294,927 4,505,894L 6187 4,681,736 38,950,929 580,686

Ratios of Items
P r nent of Grand Total CepitallmatiLon: (Item 9) 6012.1 935 5.5 45.8 69.6.
amon sto ( to 9) ............................... 3.9 o3.8 100.0 1.1 9.5 4. .









Including Grakag Tothta Caiaiain Seee aloGetLknRginf.ti)ytm
Preferred stock (4 to 9) ................. ........... 39 ... 0.6
o pitel sto k (5 to 9) ..................... .7 :8 169"
Funed deb u1 mzaturedne, 25.2 5Ze .2) ... 39.9 73 8" 52:i:i 50.0 29:
d.r.,,,+ ont ,n ,to. .. ...................25: 100.0 : ..:
8 Total lng-term debt (8 to 9)..................... 25.2 5.2. 39.9 74.4 6.5 029.
Per cent of Railway Operating Revenues: (Item 10)0 ,
11 To tal maintenfncge expenses (1.1 to 10~ 29. 30.4 31.2 32.6 32 6 30.2 20.- 2.
12 Railway operation expense (2 to 10' .. .....1628:4 7970.8 75:4 7t7 2. 2 7 '
1o Railwaytax accruals (13 to 10)...........................8 8.8 :5 6.7 .5 N 6.6-5-1 :
1 R o"i io (14 to 10 .............. 312 22.8 195 22.5 19.. .2.0 -3 2o41
ent and jont facility rents (15 to 10) ......
I Net railway operating income (16 to 10) ..7.. 11. ,9.3
pier opant of Tota Income: (Item 18) ,41012 .. 752.
17 Othr ncome (1d7 to IS ) ...... ...........,- : 3 4 114 2~ 112. 1007 30.5 0
Rete iolaed 1 to 18 ................... 15.4 5 .. 20.
2 Ineet on fude debt (0to 185): ............. 8.1 16.0 ... 132 43.8 446:i 39817
21 Interest on u d debt ( to 18. ......... ...0 .1 2 0.1 1,30..0 1.. 0.
22 Tota ineetaccrued(2 to 18)......................... 11.1 16.o 0.1 13:4 43. 1,820 2 39,9 18. 1:
2 .Other deduc o (23 0, 0 . ..1....... 2. 0 """
a deo 273 70.7 14.. 14 4:1 49o 1.2
25 Net income (2 to 1 ............... 72.7 29.1 99-3 85.95... 55.9 51.0 81.8
Per cent f Not I c(Im25
27 Toa prpitionso income (27 to 25) ...... ... 29.3 50.4 48.9 ... 52.6 41.7


0 Inludig tackae rihts s~ee also Great Laes Regio for this system.





INTERSTATE E COMMISSION 2

BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PREIMINARY REPORTS OF C SS E I
(NOT INCLUDING 8WITC1FlG AND TERMINAL COMPANIES) FOR T YEAR ENDR


Central Egtr Region
~Reading Sysem

Item Atlantic Central Port Wea a
City R.R. Co, of | Perkiomen | Reading, Reading ayad seg
P.R. C'o. New Jersey R .. R, o. | R.. Co. Co. Ry. Co. Ry Go


1 Mils of read owned (single track) ..... 163.91 388.128.12-55g46966462
2 Average miles of road operated* ............ 162.79 690.52 1.81 19.76 ,Z682.4510
Common stock $2,620,100 $27,436,800 $1,500,000 $2,000,000 $69 98 100
Preferred stock .0.................................... 1,,000 69610 2 370 M
5 Total capital stock ........ .. 3,620,100 27,436,800 1,500,000 2,000,000 1.39,950,95 71715,6,5
6 rounded debt unmatured ..................... 7700oo0 61,15,500 1,922,100 1,500,000 116,g268 66,7 2 ,
7Other long-term debt ....................................10,551,659 119122 ..ta log-er det.................0,5,5 6115,0 1,2,00150,0.18~

9 Grand total capitalization ........._................... ..21,871,759 88,592,300 3,422,100 3,500,000 259.073,629 143,95951 90,8,35
10 Railway operating revenues............................. 3,732,785 58,002,057 1,300,485 2,365,220 89,940,034 18,592,557 2
11 Total maintenance expenses ........................... 1,196,954 17,921,244 262,359 377,72) 32,954,080 6,51257,
11-1 Maintenance of way and structures ...82890 5 478 188 000 227,824 12,52,47 2196 2 5,
11-2 Maintenance of equipment................. .....354,064 12,041,766 74,359 149,8999 20,425 608 5,5 :2,2
12 Railway operating expenses ............................ 3,651,305 42,122,160 854,199 1,225,3:0 69,826,345 1 7 1 6,
13Railway tsx accruals ................ ............ .....466,519 5,059,307 51,367 178,900 4,521,030 983,478167,9
Railway operating income ........................ .d 1 0,803,120 394,919 958,328 15,581;59 4 45 ,
15 Equipment and joint facility rents .................... dd 22 d 116 45
15-1 Equipment rents ................................
15-2 Joint facility rents .......................... I ... 69,26
16 Net railway operating income .................. d 721,397 9,385,057 314,497 76,456 17,098,a49 5,250,619 4,975,6
17 Other income .......................................... 63,789 2,649,956 38,78 61,366 6,224,824 163,196 3
18 Total income ................................. .d 65Z,591 12,035,013 353,285 137,922 23,323,673 5,433,615 5,
19 Rent for leased roads ................................. 2 ,382551 ... ... 2,816, 50 8 ,N
20 Interest on funded debt ....... .............................377,055 2,946,074 96,10 ~ 75,000 4,820, 72 2,89 :260 9
21 Interest on unfunded debt ................................. ... 9,632 20,078 .. 5 21 3,69229
22 Total interest accrued ....................... 386,87 2,966,152 96,119 75,000 4,905, 43 2,8 9 Z 90,60
2 Otherodeduction36,349 634,600 1,908 3,284 510, 9 69,
Oter Total deductions........................ .423,236 5,983303 98,027 I 7,284 8,232,983 3,056 63 9

25 Net income ............................................ d 1.00.834 6,051,710 255,258 59,538 15,090,690 2,375,185
26 Dividend appropriations of income and surplus:
26-1 Omon .......................... 3,292,416 700,000 ... 5,599,128
26-2 Preferred ....................................... ... 2.. .,79 47 .8.7
27 Total appropriations of income ....................... 123,486 ... 3,212,144 52,375 92,508
28 Income balance transferred to profit and lose ......... d 1.080.834 6,051,710 131,772 59,538 11,979,546 2,32,,810 4,272,

Ratios of Items

per cen t o f Grand Total Capitalization.- (Item 9)
commonn stock (3 to 9) . ............ 12.0 310 43.6 57.1 27.0 3o.
Preferred stok (4 to 9) .......................... .... .6 3.0 87. 26
Total capital stock (5 to 9)...................... 16.6 31.0 56.2' 7-1 306.1
Funded debt unmatured (6 to 9) ...........................90 56. 2.
7 Other long-term debt (7 to 9) ......................2........ 0.1
8 Total long-term debt (8 to 9) 63.4 69.0 56.2 42.9 4.0 46 :00
Per cent of Railway Operating Revenues: (Item 10) 3.
11 Total maintenance expenses 11 to 10 32.1 30-9 20.2 16.0 34.1
12 Railway operating expenses 12 to 10 97.9 72.6 65.7 51.6 7766.2 67.
14 Railway tsx accruals (13oto 10 .................12.5 8.7 3.9 7.6 5.0 5.3 8.1
1 Railway operating income (1H. 18.6 30.4 40.5 17.3 26.5 24.9
REquipment and joint facility rents (15 to 10) ............... .....
1 Pat zailway operating income (16 to 10) .......... 1624.2 3.2 19.
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) .............................. ......... ... 22.0 11.0 44.5 26.7 3.4 5.7
1 R ent for leased roads 1 to 18) ...
20 Interest on funded debt (2o to 16) ...I.......... 2N. 27.2 54:. 20.7 53 1
21 pIntzeoet on unfunded debt (21 to 18) o...)-2 ... 0.3 01 0.9
22 Tota l interest accrued (22 to 18) .. ... 24.6 27.2 53. 21
23 Other deductions (23 to 18) ............... .................... 5.3 0.5 2.4 2.2130.
24 T otal d e ductiona (24 to 16) .. .......................... ... 49.7 2. 663: 631.
25 Net income (25 to 16) ..................................... ... 50.37233267378,
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ ... 48.4*.. 21.3 222.1
28 Income balance transferred to profit
and lossa (26 to 25) ................... 100.0 1 51.6 1 100.0 78.7 97.9 97.9

Including trackage rights.
d Deficit or other reverse Item.




296 INTERSTATE COMMERCE COMMISSION

BUREAU OF STATISTICS

STATELT~ OF CAPITALIZATION AND N1 COME TTENTS TAKEN FROM PiRLIIARY REPORTS OF CLASS I STA ALWAYS (NOT INCLUDING SWITCHING AND TERMINAL. COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1 9


Pocahontas Region Southern Region
Item m:Oe, Norfolk & JFrederioka- tlanta, Ch.. .| ..
Chesapeake & Western burg & Virginian Atlanta a t At antic
Ry Co Coo. Ws ont Brigam Goas &i Western Ci
Ohio Ry. Co. Potomac a Co. aast Point L ine a. a. c.
Ry. Co. R. R. Co. R. R. Co. cast R. R. Co. CoC R RCo
R. R. ao. Up. Co.
MI lles of road o,,ned (single track) .. ......? 2,259.55 2 20L.4~ 1114.84 504.55 90.56 637.06 4 932.6 306.
2Average miles of road operated* ........................ 2,723.53 2,241.4R 117.62 545.16 93.1 6398 5.175 ,342. 309.29
3Common stock ....................................119,095,291 $14o,255,300 814,334,4o0 331,271,500 $2,463,600 Y$/22 o00412 152,342,700 $,200,000..
4Preferread at0ok..........................903,000 22,992,300 31500 400 27, 95 :000 2,43,80:35~00 1967
..... T pils.tock ...... .................. 1 163, 20600 4,5 02, .2 421 .
6 Funded debt ixceatured .... .........-.-.......-.........155,294,624 112,950,500 7,535,900 63,564,90 .. 155,335,030 6,9,5o0
7 Other long-term debt................ .............. .,
8 Total longater debt.........................15,294,9i 112,990,j66 7,835,900 63,564,i86 ... 18,335,6i6 6,o51,609
9 Grand total capitalization............................ .304,292,915 276,261,400 22,670,700 122,791,400 ,463,6oo V 27,180,712 240,974,430 7,291,500 7,092
10 Railway operating revenues ............................ 124,825,172 106,947,111 11,035,433 15,4o0,i8 3,073,917 4,795,169 71,393,170 3,279,890 6,870,121
1 1 aintenance ofx ayende ..tru.turs................. 16,54 5 22 54927 3123,915 5,610,951 911,128 2,025,003 25,74,9.13 1,~l12,7949
1 1 otlMaintenance of apanst........................... 545,67522675,725 1,213,300 1,561,40R 369,791 1,050,799 10, 935,25 591, 92 7
1.2 Maintenance of equipment ....... ................275 21,775 19,,22 1,909,32 3 ,09, 541,337 974,2 14,51 8
12 Railway operating expenses ........................ .....2:543 29 6
13 Railway ta acruals ................. .......s,49o 514 9,200,000 61,419 1,86,000 195.730 199,625 5,00,000
15 Equipment and joint facility rents .................... 2549l65 2,955,914 4 6o6,65 d 1 1 3
15-1 Equipment rents ... ............ ..................3 ,576,370 3,015,144 557,532 0 C 444 6.1 28 6 d 5.91,367
15-2 Joint facility rents ............................dL 1.027.209533 3 147'791 =, 28:447 ---*=,5d322 57
16 Net railway operating income ................ 36,323,594 34,204,055 2,011,579 7,096,053 316,310 d, 8. 371. 9,595,362 54.531 3,oo,430
17 Other income .......................................... 2 ,633,212 1,901,526 192,321 1,177,963 96,515 52,532 6,049,923 63,716 115,472
18 Total income ................................ ..35956,506 36,105,84 2,204,200 8,27 ,016 412,925 d 131, 53 5,945,285 61o,247 3,115,902
20 Interest on funded debt ...............................9,046,542 4,966,918 350,723 3,6 g ,74 346&3
19Rn o esdras.................................8275 ,4 3' 72 150, 6 .. s24 7 2,
21 Int rest on unfunded debt .........................5,234 13 03 25,20 2 6 5 8
22 Total interest accrued ........ .. ........ 9,100,776 4,980,121 351,17 3,2 223 2,044 2,6 3 9
88g991 25
2 Ohrdeductions...................................1 6,359 195 99 12,79 1o4,,: 3, 206 2,79 7,0, ?72.,9 25 83
h Total deductions ........................... 10,0 39,550 5,275,50 33, 967 6036,535 3,o66 2,799 7,501, 396 2,50,335
25 Net income .......................................... .2,916,926 30,930,034 1,640,233 4,237,471 409,759 d 138.627 5,443,602 289j,351 605,567
26 Dividend appropriations of income and surplus:
26-1 Common ................... .................. 11,795,870 14,02.,370 1,066,752 2,159,005 197,08 ... ,234,270 72,000 ..
26-2 Preferred ..................................... 67,251 919,692 5,197 1,677,300... ... 9,85
27 Total appropriations of income .......................... 11,823 1,022,68s3 .. ... ..... 2,523,874 ... ..
25 Inoome balance transferred to profit and loss ......... 2,795,103 29,507,35 1,84o,233 4,237,471 409,759 d 139.627 5,919,725 29,351 605,567

Ratios of Items
rPer cent of Grand Total Capitalization: (Item 9)
Common stoek (3 to 9) ........................ ...... 38. 50.8 63.2 25.5 100.0 80.9 34.2 16.5...
Preferred stock (4to9. ............................ 02
Tt ait d ,tu.ook( to .... 3, 51.52" 100.0 100.01 ..
Funded ebt unmatued (6to ...................... L: 3 :. 51.9 .....57 35...
7 Other long-term debt (7 to 9) .1...... .............. 100 0
9 Total long-term debt (9 to 9) .................... 6o:9 4o. 3:. :5: 6%: 8 1000.
Per cent of Railway Operating Revenus: (item 10)
11 To tal mai ntenanos expenses (11 to 19) ....... 3g.8 33,1 29,3 30.7 .29.6 42.2 613p'3.
12 'Railway operating expanses (12 to 10)....... 66.1 62.2 705. 10 96.27a47s6.
14 Riwa a acul 5(13 to 1 ...... I ......... 6.8 5.6 5:1. 44.2 9.1 7. 2.:
1 i qu4pT nt adJoint facility rents (15 to 10) ....2.0 2.5 9 3~. *,,;:
I et railway operating icm(16 to 10) ......29.1 32.0 15239:103 13 .9 ILI:
PertGent of Total Income; (Item 15)
17 0ther ncom (17 to 18 ........................... .. .6.s 37 :9 i. 3,7
Ret orleew I71.2 ...


a 1 to 15)........................... .9 0.2 0 8
20 In eet on fune debt20 to 15) ........................23.2 13.8 159~ 38:9,* ... 5~ 51,051
21 Interet on u ebt (21 to 15 . (. 0.2 03 6 97 01 0.1
2 Otohar1 i)itioeo (23 tto 1) .................. ..... .2.4 1.. "9. 25 7". 0.2
o a deducio* ena to 1 ....................... .. ....4. 06. 8.a 0.7 ... 0.
25 Net income 25 t ............................ .. 3.5 515.2 93 ... 19,
27 c e t a t o s o f i n o m e (2 7 to 2 5 ) 0 .4 3 .3 . ... . 9. .
9 Icm erered to profit
an os(6t 2)....... 9.6 96.7 100.0 10. 10. 090.
Intcluding trackage rihs 2 Incluides 26o.69 iles of Chesapeake &, Ohio 1;. Co. of Indiana.
d Defict of other rees item. R3/ sn eenuesok
V ee also Central Eapstern Region for this. system. A are ort ~ byompany. Approval by tbe Commissi~on under considleration.




INTERSTATECOMRECMISN
BUREAU OF 9T&TISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PAULI (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR


Southern Region
Atlantic Coast Line System continue
Item Georgia L-guil~e -MLblleClmu lrd eri uf
R.R. ,Leesee Louisville Hedro & Ohattanooga o on Genvle Zs os roia lbl
Organize- ~Nashville H1 oen.Co yeCo .oothr
tion R. R. o. St. Louis at. R, oR IC o.. 0L
lon , Ry. Oo_ Lo-us Ry .......labama //..

Miles of road owned (single track) ............ 5,003.28 il.o4 657.110 100 7-71:94
Average miles of road operated ...................... 28.74 5,0751 19936 133.42
SCommon stckl .........1 ............ ... ll7,000,000 62,000,000 016,000,000 $3,000,000 $100,000 $37,500,000 $,7 4 1,9,0
e e r d stock ....................................... . ... 2 000 I c00 0. ...
5 Total capital stock -............ .... ...... ... 117,000,000 4,000,00 16,000,000 3,000,000 100,0 37,500,60' .
6 Funded debt unmatured .1...0.................... 02,710,25 231,008,120 3,200,000 18,4 5,500 1,943,000 301,000 64,0000
Other lon-term debt .......................... 3,79, 55,66 ... ...
8Total one-trm debt ...................ol t d 5,504,36 231,063 6 3,200,000 18,485,500 1,543,000 301,000 64,245,0
9 Grand total capitalization ..............................5,504,336 348,063,806 7,200,000 34,485,500 4,543,000 1101,000 101,745,000 eo,52i,44 9,1170
10 Railway operating revenues ............................ 5,271,328 135,638,458 3,250,600 23,335,033 3,238,873 1,829,576 13,874,723 1,6
11 Total Maintenance expenses........................... 1,606,56o 51445,075 1,162,872 8,047,893 1,3.057 ,
11-1 Maintenance of way and structures............... 583,808 21,036,463 5991 ,2823 1,891,59
11-2 Maintenance of equipment ........................ 1022,760 30,08612 56,981 61,66 4 2,1
12 Railway operating expenses ............................ 4.,0,31 106,231,042 2,64 225 1 1 2,437,505 1,496,116 9,889,

1 R oay tax accruals .............................. 119,381 7,605,176 149,239 978,923 220,194 43,671 1,7 47 Us .
14 Railway operating income ....... ...... 742,932 21,82,026 457,573 4,226,77 581,01729,633 2 1,6391759
15 noint facility rents ........................... ......4,0 d _22oo 614 .5 d 4 4.. d 39L
15-1 Equipment rantsa................. I.................65.950 793,069 d 28,709 d 26'542 1 E72,9

16 Net railway operating income ....................912,939 22,205,053 382,201 4,232,696 677,724 133,978 1,426,619 ~ 14,6864 1,300,332<
1 other income. ....................................... .26,630 3 251 675 47,582 469,1.. 10,348 29,2.0 150,181U6
1 Total oaincome ....... ........................ 3. ....9569 2545672 429,783 4,702, 818,072 163,2 1,576,799 ,
19 Rent for leased roads............................... ._.64,224 232 02 .. 806,506 ... 1 7
20 Interest on funded debt ..... .......................... 92,352 10,763,747 160,00 835,729 86,794 10,075 3,142,7001
21 interest on unfunded debt ............................ .. 509 42,085 ..671 14 1,336 6006,
22 Total interest accrued ....................... 92,861 10,8056#32 160,671 aqI 443 88,130 10,6 :49
2 Other deductions ...................................... .:36,518 95 594 9,280 73,429 256 32 17 9,
24 Total deductions ..........I ................. .733603 11,133,508 169,951 1,729,378 8;389 10,716 3,274:22 21 39 6
25 let Income...............................................205,966 14,323,220 259,832 2,972,668 729,686 152,542 d 1,697,425 d ,
26 Dividend appropriations of Income and surplus:
26-1 Common ............................................... 8,190,000 100,000 1,120,000 2,.0... ..
26-2 Preferred .................................... .... ... 100,000 ... .. .
27 Total appropriations of income ............................ 290 ... .....
28 Income balance transferred to profit and lose 205,96 14,322,930 259,832 2,972,668 729,686 152,542 I S_ 45,12 95652

Ratios of Items

Per ce nt of Grand Total capitalization: (item 9)
S Common stock Q3 to 9)....................... 33.6..... ..
Preferred stock ( to 9...............9 31o...
Tt~al to 9) stock t ........................... 46.4 24. ......9i
F unded debt tmmatured (i to 31.1.......... 64. 53.6 34-0 75.1 313:
7 Other long..term debt (7 to 9) 6...... .....8.9
8 Total long-term debt (8 to 9) .........................100.0 66:4 44.4 53.6 34.0 7;:l 6:i 1' j'
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 101............30.5 37.9 35.8 34.5 33.4 37.6 33.1 1.3.
12 Railway operating expenses t12 to 10)...................3.6 78.3 81.3 77.7 75.3 51.8713U7:
R~ Railway tax accrual1s (13 to10........... 2.3 5.6 4. 4. . L 2:6i
1 Ratlway operating income (14 o 0 ......... 14.1 16.1 14.1 18.1 17.9 15.8 15872
I Equipment an joint facility ret (15 to 10) ..... 203.1:
I Net railway operating incmee (16 to 10) 1......3 'NL 1: 20.9 9: 1 19.1
Per .cent of Total income: (Item 18)
17 Other Income1~7 to 18).......................2.8 12.8 11.1 10.0 17.2 17.99510779
19 Rent for leed roads (1 to 18..............64.3 0.9 ... f7.2 4.6 15.0
20 Interest on funded debt (20 to 18) ........................9.8 42.3 37.2 17.8 10.6 9: 1912
21 Interest on unfunded debt (21 to 18).............0.1 0.1 0.1 0.3 0.2 0.4 072107
22 Total interest accrued (22 to IS).....................9.9 42.4 37.3 18.1 10.8 6.6 2001122.
2~ Othertdedu tins (23 to 18)..............................3.9 0.4 2.2 1.5774.06
2 Total1 deductions (24 to 18) ...........................78.1 43.7 39,5 36.8 10.6 6.6 1% 3.
25 Not income (25 to 18)................... .........21.9 56.3 6o.5 63.2 89.2 93.4 ... ..6.
Per cent of Net Income: (Item 25)
27 Total a~ppropriations of Incomse (27 to 25) ........ ... ... ...
28 Income balance transferred to profit
and loss (228 to 25) ....... .........100.0 100.0 100.0 1 100.~0 100.0 110 .A.........100
inldn rckg ihs




20
296 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLASS I STEAM RAILWAYB (NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) POR THIE YEAR ENDED DEOEMBER 81, 1929


Southern Region
T11inniAa.trlStm
Item Central of Gulf & Ship Illinois Yazoo & Mississippii New Orleans Norfolk Saor
Georgia Csat ets issip entral Crest North- Souathern i Ln
8y. Co. R. R. Co. R. R. Go. Valley R R. o. er N.R. C. R. R. Go. Ry. CO.
R. R. 0o.
1 Miles of road owned (single track) ........ 1,477.31 307.14 2,258.67 1,273.36 149.62 239.56 719.90 447
2 Average miles of road operated* .........._........ 1,917.25 307.75 5,001.86 1,708.39 162,77 276.69 931.52 498
Common stock .. $20,000,000 $7,013,100 $134,453,392 $21,553.300 $3,940,000 $7,500,000 $16,ooo,o0 $37 too
Preferred stock ..... ... 19,991,800 ... -. .
5 Total capital stock ....... .. .... 20,000,000 7,013,100 154,A5,192 21,553,300 3,940,6 7,500,66 16,000,666 500
6 Funded debt unmatured ............................... 58,664,2l3 2,286,ooo 365,471,443 43,792,000 2,613,400 8,248,000 16,371,600 192,964,688
Z Other long-term debt ..... ..............2,124,895 .,87,752 555,696
o Total long-term debt ........................ 60,792,105 2,286,000 365,471,443 46,179,782 2,613,400 O,249,666 16,371,66 19,520,394
9 Grand total capitalization ............. .............. 80,792,105 9,299,100 519,916,635 67,733,082 6,553,400 15,748,000 32,371,600 254,470,e84
10 Railway operating revenues ................ ........... 25,132,966 3,308,201 152,569,583 26,550,679 1,691,523 3,231,159 9,122,317 57,245,207
11 Total maintenance expense ...... ...................... 7,610,420 1,355,761 53,972,043 9R563,29 537,192 926,722 2,490,327 16,4;1,9
11-1 Maintenance of way and structures ....5..578 18, 9, 1 4;662,000 2,14 3541 1,207,794 6,9 79
11-2 maintenance of equipment ............. 449 3 19 32 62 2 4,901,298 273.579 491,30 1, 22533 9,554,o2
12 Railway operating expenses ............ ............... 19208 2,814,15 11 33,61 20,51,66 118499 2,200,72 6 327 42,902,964
14 Railway tax accrualse. 1, 2,756 369,134 10,253,499 1,9 ,500 121,176 227,989 7 ,072 3,
14 ailayopeatig ncoe .4 520 121,986 25.952,912 4,o 1,101 394,994 ac2,2o0 1d,89 o
15 Equipment and joint facility rents .................. 04 10,76510d 1
Rala oeain nom.............. 4 25,552,d91.0 5.0 33,9 d502,2015 1, 30.91
15-1 Equipment rents ............. ............... 164 27 b, d10 5 1,064
15-2 Joint facility rents ........... ............
16 Net railway operating income ................ 4,449,524 4 70.194 25,761,534 3,175,465 356,055 569,307 1,545,605 10,055,417
17 Other Income in926...................................... 48,482 5,6g4,091 118 577 6:574 166 92 6Z3 2,40
18 Tot income .n.e. ..53........ .................. 21,712 31,445.925 3,294,0 2 392.32 57Z:473 1,638,241 12,46
19 Rent for leased roads ........ .................. ... 343, 20 1,5 2,015 946,753 ... 167,102 2
20 Interest on funded debt .. ...............3,071, 73 116, 411 157 462 2,310,73 139,282 407,66
21 Interest on unfunded debt ................................ .9, 4,36 1257 1,77 '5 15,307106,1
22 Total interest aoorued ...................... 3,080,7894 120, 779 15,890,T 2,329,559 135,327 422,307 *34214 ,
24 Other deductions .......................... ...... 2, 604 6, 69 453,052 17:730 1,927 25,410 29,99 6,191
Total deductions ............................ 3,6',108 127, 74 15,195,427 3,294,042 140,254 447,717 1,031,314 11, 3,553
25 Net income .......................... ................ 1,712,192 4 149,186 13,250,498 ... 252,378 121,756 606,927 1,180,298
26 Dividend appropriations of income and surplus:
26-1 Common ...................................... 1,400,000 ... 9,375,860 ** *... 360,000 .
26-2 Preferred .............................. ... 1,225,146 .. .. ...
27 Total appropriations of income ...................... 1,400,000 154,059 ... ... 120,814 ... 414
28 Income balance transferred to profit and loa ......... 312,192 d 333,24i 13,250,49* 131,564 128,756 6o6,078 1,180,284

Ratios of Items

Per cent of oGrand Total Capitalization: (Item 9)
Common stock (3 to 9) ............. ................ 24.8 75.4 25.9 31.5 60.1 47.6 49.4 14.6
Preferred stook (4 to 9 .............................. .. 3.8
Total capital stoo 5 )............ 24,i 75.4 29.7 312 66H 4j4 2 .0
Funded debt unmatured ( to ............ 72.6 24.6 70.3 4. 39.9 524 50.6 .8
7 other long-term debt (7 to. 9 .2...........*
8 Total longterm debt (8 to 9) ............... .75.2 24.6 70.3 65.2 30
Per cent of Railway Operating Revenues: (Item 10)
11 Total Msintenanoe expenses 11 to 10 ...... .3 41.9 .4 35.6 31.8 28.7 27.3 29.7
12 Railway operating expenses (12 to 10 7 .5 85.1 7 *3 77.7 70.1 68.1 71.7 74.9
1N Railway tax aoorua (1 to 10) ..................... .0 11.2 7-3 7.2 .1
Railway operating income (1 tol1) 17.5 3.7 17.0 1.0 22.7 24.5.
1a equipment and joint facility rents (15 to 10) .0.2 ... ... 0.1 .. a
Net railway operating income (16 to 0) .......... 17.7 16.9 11.8 22. 17.6 1 17u9
Per cent of Total Inoome: (Item 19)
17 Other inome (17 to 18) 172 ... 15.1 3.6 1.7 1.2 5.7 19.3
1 Rent for leased road (19 to 18) ...... 64 -59 28.8 1Q.2 18.3
20 Interest on funded debt (20 to 18) ..........57.1 ... 50.1 70.1 353 7029 50. 70.
21 Interest on unfunded debt 2to1).0.2 ... o.4 0.6 2.7 0. 1.
62e 1 ...5.3 ... i :
2 Total interest ooru 22 to. 18) ............... 505 70.7
2 Othertdeduotions (23 to 18 ........ .; ... 155 0. 0.71180
2 Total deenations (24 to 19) ...................... 68.2 ... 57.9 100.0 R .7 77.7 62.9 90.5
25 Net income (25 to 18 ) ..*.............. 31.8 ... 42.1 **-3 22.3 37.1 9.5
Per cent of Net income: (Item 25)
27 Total appropriations of income (27 to 25) .. ...... 81.8 ..... 47.9 0.1
25 Income balance transferred to profit ..." "
and loe (28 to' 25) -- .v...... .... 142... 100.0 ... 52,1 1oo.o 99.9 1oo.o




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF CLASS 18STAM B A IS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER $1, 198



Southern Region
Soulthern System
Oincillati.
Item, Alabama New Orleans Georgia Mobile Ne Oren NotenTante
Great Southern & Ohio o cAaaaSuhr eta
Southern Pac Florida R. o. eastern R o.
R. R. Co. Ry. Go. R R. Co.

1 Miles of road owned (single track) .... 292.02 ... 391.26 916.97 19575 104.86 4,e46.66 2
2 Average miles of road operated ... 314.99 338.17 398.75 1,16015 200 110,17 6,78685
SCommonstock ....... ....... -030,000 $8, 000 $2,6,0 $6,016,900 $6,000,000 $1,943,300 $129,2,000 g/
4Preferred stock ....................----- 30,0350 2, 5 400 1,76 ,0co .. 65, 65,200 $50,000
5 Tot capital stook ............. ..... 11,210,350 11, 400 3,7 ,000 6,016,800 6,000,000 1,94336 195, 0400 ,000
6 Funded dept unmatured ............................... 11,495,000 2,246,600 7,2871 38,893,000 8,566,000 1, 000 298,613,900 3,505,ooo
Other long-tera debt ................. .. 1, : .....63,7*.
oth otsl longt d ....................... 11,495,00 2,246,88 9,587,171 39,893,000 8,566,ooo 2,313,. 298.613, 3.55,
9 Grand total capitalization .............. .......... 22,705,350 13,670,000 12,355,171 44909,80 0 14,566,o00 4.256,972 494,084,100 4,085,000
10 Railway operating revenues .......................... 10,110,310 21,631,726 4,519,309 17,369,129 5,522,966 1,155,423 144,16,452 3,a56,510
11 Total maintenance expenses ............................. 3,50,467 7,910,123 1,779,025 5,582,321 1,726 342,016 45, 1 684
11-1 Maintenance of way and structures .............. 1 61j945 3,39 ,07 892:539 2 525 93o 40 3o6,41 21,0001 J~l
11-2 Naintenanoe of equipment ...................... 9 522 451 ,043
12 Railway operating expenses .....1............ ........ 7,l ,24 15,239,251 3,812,778 13,199, as 3, 569 791, 8 101,N,718 2,
13 Railway tax accruals .............................. .... 753,996 1,241,5 48 273,3 1,013,014 5 3, 15 71, 1 002
15 Railway operating income ..................... 2,1 25150245 43 3151,543 1, 5
15-1 Equipment rents .......................... ........4Z5,0 6 d 161 2SpI F01lF d P-217
15-2 Joint facility rents ................ ..........d 1 e.8614 d 2.o3y -G.Wr ,
16 Net railway operating income ................ 2,538,.423 4,917,528 435,950 2,647,695 852,117 56,145 30,842,554 392,711
17 Other income .......................................... 584,82 675, 987 24,6Z5 162,334 162,274 5:767 6,705,846 2
18 Total income ...... ........................ 3,123,241 5,593,515 460,6 5 2,810,029 1,014.391 61,912 37.549,400 41,
19 Rent for leased roads ..................... ..... 19,6 1,700,976 ... 1,516 ... 03 0 62,
20 Interest on funded debt ........................ ........ 525,8 121,8o6 342,120 1,704,849 392 .325 9 143 6
21 Interest on unfunded debt ......................... 3,7 5,519 2761 5,88 16,90s 1,
22 Total interest accrued ............... ...... 529, 1 1273 34 881 1,710,735 409,2 97 1 6 2
2 Other deductione....7,588 7 2,398 15,351 200 200
Total deductiones...556,903 178 7347.279 1,727,603 97,612 1 9
25 Net income ............... ............ ............... 2,566,343 3,732,740 113.366 1,082,426 603,150 d 35.70o 19,603,205 123.245
26 Dividend appropriations of income and surplus:
26-1 common ......................................... ,o96,20 986,700 .. 722,016 540,000 ... 10.385,600 ...
26-2 Preferred ...................................... 473, 249 122,670 g,i4o0 ... ... ... 3,221,006 35,000
27 Total appropriations of income ........................ 1,569,449 1,987,117 88,00 722,016 540,000 ... 3,336,072
28 Income balance transferred to profit and loss ......... 996,894 1,745,623 24,966 360,410 63,150 16,67,133 123,245

Ratios of Items

Per cent of Grand Total Capitalisation: (Item 9)
mmon stock ( 9)................ 34. 65 2 13.4 41.2 45.6 26
Preferred stock (4 to 9 18.0 1;. .. *
Totaleoapital stock 5 to 3) 65.....6. ..... 13.1;04 141.2 14;36.
9 Fuded debt unpatuxsd ( to.............................50).6 11 141i6:683999:46.
7 Other 1 ong-term debt (7 to 9)..............1 65.6
a Total long-term debt (8 to 9) ............ 106.~a695 5K 6,o6: s~
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 ..35.4 36.6 3 .4 2.1 1.3 .6 1-9
12 Railway operating expenses (12 to 10) .................. 70.8 70.5 8 .4 6.0 7,o 7
1 Railway tax aoruals (13 to 10) .................... 7. 5 5 6.1 ,1 2. 6. 7
1 Railway operating income (1 to 10) ............. 21 23. 9.5 ;:* 22.9 25.3 22. 19.1
1i Equipment and joint facility rents (15 to 10) ...... .Z *
1 Net railway operating Income (16 to 10) .......... 2 227 96 15.2
Per cent of Total Income: (Item 18)
17 Other income (17 to 18 ................ ............12 5. 5 16. 1
19 Rent for leased roads (1 to 18) .58 0 3o4 0*1 .. **.
20 Interet on funded debt 20 to 18) .............16. 9 2.2 74. 607 3 155.
21 Interest on unfunded debt 21 to 16 .0. 0. 0 0. 1. 2.
22 Total interest accrued 22 to 18 17.0 2. 749 60. 9 M. 157, 3 53.9
2 Other deductions (23 to 18, .. ..7.. 0.2 0 0. 0.5 0. o.
2 Total deductions (24 to d) .................... 17.8 *7 *61 4 157, 4 .l70
25 let income (25 to 18) ............................. .2. 2 R3...3..5 255.6 38.. 59.2
Per cent of Net Income: (Item 25) 069
27 Total appropriations of income (27 to 25) ........ 61.2 53.2 78.0 66.7 89.5 ..* 17**
29 Come balance transferred to profit 10.5.
S oe l to 5) .................... ........... 3, 46.s 22.0 33.3 10.5 *** 83.0

,Includir 4 trackage rights.
11Deficit or other reverse Item.
includes 5,650,2oo "ebenture stock".
Excludes 60,000 shares qf common stock without par value for which no consideration was received.




22
2960 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INOrME ITEMS TAKEN FROM PREL.AflNARY RiEPORTS OF CLASS I STEAMILWY (NOT INCLUDTNO SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECE14BlE 31, 192


r ~~~~~~~~~~~Northwestern Region......... .........--

Item Duluth ,, Sokanneapo is, sp e Ohioago St. Paul, Gra
Winnipeg South Shore St aul & inter- ,Nort Wet Mneapoi rn a.Pu
& Pacific & Atlantic Sault Ste. national ern Ry. Co. Omaha R. o. & Pacit 0 4
... ... _o Ry C ale r CO. Y na Coc ern RF. R On.Co

1 Miles of road owned (single track) .. .............. 1.257 2 141-37 8 .... 1 646 ..... ............
Average miles of road operated .......1788
o ton k ........................................ *6.ooo.ooo $12,000,000 625,206,90 $4,200,000 $15 ,03,20 $45
Pre erd stok ..... ... 10,000,000 12,603,400 ... 2,9000 11 259,300 7o !
5 Total a st0ok ..................al.t.k. 6,000,000 22,000,000 37,810,200 4,200,000 180,83,200 29,816,000 92,3 5
6 funded debt unmatured ......................... ...... 7,004,997 20,264,oOo 107,559,700 4,200,000 279,831,300 49,663,600 40,6 611
7 Other long-term debt 2,106,817 97,846 1,29,000 150,000 ...
a Total long.-term debt ............- 9,111,614 20,361,846 108,854,700 4,350,000 279,831,300 4s,663,6o0' 40.725,753 459,378.289
9 Grand total capitalization ............... 15,111,e14 42,361,846 146,664,900 6,550,000 4.60,664,500 78,479,600 133,0618,960 716,262,73
10 Railway operating revenues ........................... 2,573,965 5,045,957 50,291,654 1,195,321 152,089,755 27,063,052 24,871,023 165,303,
11 Total maintenance expenses .............................1,05,6o6 1,72,751 15,629,906 2,927 51,44,334 1004 ,6 0 7,652,646 55,
l11-1 Maintenance of way and structures ..................75,170 919,568 6,921,702 182, 42 23,4.61,939 4, 879:65 :9
11-2 Waintenance of equipment ...... .... .............580,436 g 163 8 204 99% 28032,39 5 17095 5,170, 2
12 Rail~way operating expenses.............................2,52 3 ,132 799 36, 7,029 02 16, 638,908 22,988,963 19 2,52
z,11,29 4, : 3:409 5 1,6,, :,1 :,o~e 9, 9,57,83 1008091
13 Railway tax accruals ................................. .126,209 399,464 2,967,747 64,712 9,608,225 1, 1,514
14 Railwa peai om................332,1485 513,560 10,912,902 2,025,81,6 26,35 : :0 3:9,5
15 quiment and jcante "illwi.y yemta ..................... d 11 1 d 186.085 d 028 2 8, 8216 d 0 d 6
15-1 Equipment rents ..................................... ...._______ 9,'5' 5d IZ
15-2 Jocint facility rents.........................d 4"16a92.0 M5 d 23,2 ,L5,
16 Net railway operating Income ............... 320,634 327,475 9,006,174 240,325 23,225,683 1,857,815 2,510,393 29,027,055
1 Other in e ......................................... 2,453 S9 923 582,805 6,528 2,345,164 187,858 240,224 2,7,006
1.. 17,99 9,588,979 246,853 25,570,947 2,045,673 2,750,617 31,7,061
19 R nt f r e ne oa e .. ... .. . .. .. ......39.7,0 1 ,9 ... 78 53 1 1,95
20 Interest on funded debt.............................. 280,200 $74,183 4,945,602 210,000 13,3 2 1
21 Interest on unfunded debt .................. ..............188 1,30 66612,.840p12 e Tota eas ed t ads............................ 61 2 42398 27,200 608
2Toaitretarud............ ...........280,388 874,~L 5,0 1,723 211,428 13,140 ,308 2, 605'2; I, 4 1l31,7C
2~ Other deductions.................................... 2,3 2, 36 1.42 77( 3,400 90,65 :0"
14Total deductions.............................. 306,118 87,5 6643:894 242 ,028 13,512,25 2, ,,42805 22509,09
25 lt income ............................................ 16,969 d 459.954 2,945,085 4,825 12,059,590, d 594,595 907,812 9,261,971
26 Dividend appropriations of income and surplus,
26-1 Common ............................................ ... ... ... 7,129,705
26-2 Preferred.. ............................... ...... .. ... ... 1567,650
27 Total appropriations of Income ......................... ... 25.097 ..- 8,697,355 ... ... 11,638
28 income balance transferred to profit and lose ......... .16,969 d "459,954 2,919,988 4,825 3,361,235 d 594,595 907,812 9,250,333

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
ommon stock (3 to 9) ............................... 39.7 28.3 17.2 491 34.4 0 1.
Peerred stock (4 o~236 8.6 491. 401.
t o 9 5................. 3 16 7
Ot l ngtem eb ,( t .... . .. .. ....13.9 L 3 :
I Total or-term debt (8 to 9) ........................6. .. 74. 5.9 76: 30.66
Per cent of Railway Operating Ievenues: (item 10)
11 12 ~Railway operating epenses (~12 to W0.............2.2 81.9 72.4L 671 76.7 A9 817.
Ito 10) ................... 12.9 7.9 2.7 17.0 9.1
12 Rala paraigic (13 t o 10)........................9 10. 21.3 5.121
1 Equipment and joint facility r (15 to 10) ..... ... .... 91
1 lt railway peratng inom:'(6 to o) ......... 12.5 6.5 17.9 20.1 15.3 6.9 10.1 17.6
Per cent of Total Income: (Item 18)
17 Other Income (17 to 1) ............................. .0.1 21.5 6.1 2.6 9.2 9.2 s78
19 Rnt e edro ds (19 to 1 ) ................ .. 1. 2
20 terest on f debt (20 to 18) .................. 6.76 .
resa o ad2 0 to .............. .0 0.2 0.7 0.6 0. 0.2 0.
22 Total inters accrued 22 to IV8 ........ 6:8 209.6 52.3 95 6 52.4 127.4 62.6
te dadu one23. to 18) ...................... . l.o 0.6 1." 11
21 Tta e duo no 24 to 1 ) .,.. ............. ..... 1.5 1:4 0.3 1.7 .
0te IS~o (3 to4.0 210.2 69.3 9.0 0,36 1.7 707.
25 Notincome(25to ) ............................... 5.2 ... 30.7 2.0 ...3
T a nations t 7 o .. ... 0... 72.1 ... . 0.1
28 Inotealac ornfere o pr27i 100.0 0.99
S29 ) .......................... 100.0 ... 99.1 1 27.9 ...... o3.

o Including trackage rights. 2 ir th e m .
SeDefi or0 NotEngan eginadGawaeerin.oti itste. Inde 375.23 ilea of a proprietary company.
M S . a l s N e w l n g a n d R e g o n e < r~ a < & a w ~ l a t o n M t i s < y s t m .R e p o r t f o r p e r i o d J a n u a r y 1 4 t o D e c e m b e r 3 1 1 9 2 8 .




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLASS I STEAM RAILWAYS
(NOT INCLUDING SWITCITNG AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1928



Northwestern Region
Duluh. Lke innepols SpkenUnion
Item Duluth & d & Great Green Bay Laor Minne olie Xorthern
Iron Rang N n northern & Western mi Louis ft. Pacific Sattle Washingn
R.R. o. 0,Co Ry. o. R .' G. o. R R.O o. Co G o. Ry o. R. R &
NT iz**ti on.
1 Miles of road owned (single track) .. 262.44 266.64 7276.75 238.1 160.59 15 54 6,503.6 494. 2 .
2 Average miles of road operated' .................. .... 274.64 307.76 826.64 234.15 160.59 1,2. 0 6,729,9 554.60 2 ,
3 common stock .......................................... $6,500,000 $4,112,500 $2 ,00,000 $4,284,000 $25,230,374 $248,000,000 $40,000,000 $50,000,000
4 Preferred stock ... . .8249,oo4,650 j/ 7,500,ooo .0 ...
5 Total capital stock ..6,500,060 4,112,500 249,004,650 10,100,000 4,284,000 25,230,374 245,0,06 400oo,6o
6 Funded debt unmatured ................................. 8,151,000 5,910,000 340,o2,615 ... 44,867,776 316,759.500 74,420,401 9,077
7 Other long-term debt .................................. ... ... 1,762,56 ... ... 1,950,0oo 18 4F
8 Total long-term debt .--.............. 1- 8,151,000 5,910,000 341,845,471 ... ... 46,817,776 316,759,500 75.907,051 1 .29-2
9 Grand total capitalization ............................ 14,651,000 10,022,500 590,850,121 10,100,000 4,a84,000 72,o4,150 564.759,500 115,907,051 174,29e,4
10 Railway operating revenues .......................... 6,548,685 17,417,640 126,737,091 1,797,564 2,517,812 14,450,531 101,272,724 9,345,584 29,693,248
11 Total maintenance expenses ............................ 2,43 ,046 3,777,227 37,311,408 559 ,171 734,882 4,925,043 31297,164 2,692,079 9,
11-1 Maintenance of way and structures ........... .1154:314 1,687,262 18,319,757 30 ,028 427.310 2,1 ,293 12:596,853 1,499.938 5,
11-2 Maintenance of equipment ....................... 1,2 ,732 2,089,965 18,991,651 256 143 307,572 2,816,750 18,700,311 1,192,141 4,
12 Railway operating expenses ............................ 4,418,867 7,206,859 83,235,116 1,333,316 1,453,743 12,381,93 70,801,966 5:853,199 63,292
13 Railway tax accruals ........... 3 ........4 3 2,206,859 10,297,997 105, 43 26 ,629 789,788 9,68 8,17 1,0,05 2,
1 Railway operating income ....1,690,9 8,003,918 33,190,062 358, 3 7 ,011 1,274,27 20,761Z03 2, ,805 4,
15 equipment and joint facility rents ............. 30,91 20,006 d 85 4 1.4 d 4,32 6 9
15-1 Equipment rents........................ .... .........5034 42,337 ______ _____ ___ 1,985,491d 5 3
1-2 Joint facility rectsa............................. .50,qj3 d 2,3 3796 d 2,9 ,9 1 I941 2,341 ,17T8
16 Net railway operating income ................ 1,721,946 8,023,924 31,294,069 301.534 752,528 522,277 25,088,572 2,299,251 2,143,474
17 Other income ...................... 75...................... ,020 950,368 1 ,032,123 81,253 39,224 136,662 il,320,518 192.592 717266
1s Total income ... 2,16966 8,974292 U,326,192 382,787 791,752 50,939 36,109,090 2,491.83 0,740
19 Rent for leased roads ............ .... ......... 209,119 105,067 ... 25 1,471 42,896.
20 Interest on funded debt ................70......... 026 5,0 14,646255 2.9g9,7 0 ,
21 Interest on unfunded debt ..6................ .7671 13:3 9 185 2 16004 131,682 9a ,26
22 OT tlintere t acrne ............... .... 407,6 183022 6,185 3 4, 37 2,90.721 3
Total Iners acre 33 97 18,536,265152 15,7,8 O 3,
2Other deduottion ..4689 5031513. .. 65 215 44672 475,7V4I
Total deductions................................ 412,315 1,081,337 19,157:962 65,1i; 671 2, 379.37 15,275,890 3,5a9,o 01 3,9
E5 Net income ............................................ 1,784.651 7,892,955 25,168,230 317,602 791,074 d 1,720,408 21,133,210 d 1,017.8 a 1.123.198
26 Dividend appropriations of income and surplus:
26-1 Common ........ .................................1,300,000 4,112,500 125,000 599,760 ... 12,400,000 ...
26-2 Preferred ...................................... ... .. 12,449,205 ... *-. ***
27 Total appropriations of income ........................ 869,703 12,464,656 125,000 ... ... ... ... ...
28 Income balance transferred to profit and los ......... 1,7895,507 7,023,252 12,703.574 192,602 791,074 1 1,720,408 21,133,210 1

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
3 Common stock (3 to 9) ............... ................ 44.4 41.0 .. 24.8 oo.o 35. 43.9 34.5 28.7
Preferred stock (4 to 9 ......................... 4 75.2
Total capital stock 5 to )4:4 4i:6 42.1 100.0 100.0 3549 3.5 28.
6 Funded debt unmatured ( to. .................... 55.6 59.0 57.6 ... ... 2.3 51 2 55
7 Other long-term debt (7 to 9) .. ... ... 0.3 ... ... 2.7 ...1.3 16
8 Total long-term debt (8 to 9) ............... 55,6 59.0 57,9 ... ... 65.0 56.1 65.5 71.3
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10 ................37.1 21.7 29.4 31.1 29.2 34,1 iO.9 28.8 33.0
12 Railway operating expenses (12 to 10) 67.5 41.4 65.7 74.2 57.7 85.7 09, 62.6 78.8
13 Railway tax accruals (13 to 10) .7 12.6 8.1 5.8 10.7 5.55
14 Railway operating income (14 to 10) 25.8 46.0 26.2 20.0 31.5 205 26.1 13.7
I Equipment and joint facility rents (15 to 10) .0.5 0.1 4.3
1 Net railway operating income (16 to 10) .......... 26.3 46.1 244i 16. 299 245 2. 2
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) ............................. 21.6 10.6 29.4 21.2 5.0 20.7 31.1 7.7 25*1
19 Rent for leased roada (1? to 18) ....... 0......... 23 0.2 ..... 0.1 1
20 Interest on funded debt (20 to 18) .................... .1 35 41.5 17:0 304.4 4o. 120. 13i.
21 Interest on unfunded debt (21 to 18 ... 0, ... ... 24. 12..3
22 Total interest accrued (22 to 18)....1.6 3.5 41, 17,0 ... 328. 40.6 129.1 136.2
2Z Other deductions (23 to 18) ........................ 0.2 6.2 1.2 0.1 19.18.
2 Total deductions (24 to 18) ....................... 18.8 12.0 4j:2 1 .0 0.1 611 41.9 1.8 139*3
25 Net Income (25 to 18) ............................... 81.2 8.0 5 .8 .o 99.9 ... 58.1 *** .**
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ... .-. 11.0 49*5 39.4 ...... ... .* *
28 Income balance transferred to profit
and Io s (ea to 25) ................ .......... 11.o 50.5 60.6 1oo.o ... 1oo.oo ... .
*Including trackagd right Represents debenture stock.
Deficit r other revere Item. Represents Interest on debenture stock.
1 also Central Western Region for this ystem.




214
2960 ITRTT OMRECMISO

STATEMENT OF CAPITALIZATION AND) INOMEt ITMAKEN FROMPRLMNYREOTOFCASITAMALWS (NOT INCLUDING SWITCHING AND TERMINAL COPNE)FRTE0 R NE EEBR3,12



Central Wesern~ Regi1on




1 Mlesm of road owned (single traok) .............. ..... 33.06 9,962.5 98 M99 5-524336135W7.
2 Average miles of road operated* ........... 35 ,7:4 7 2.9297 ,2.92577
Ooipuonr ~ok .................... $7,500,000 $170,139,100 $31000,000 $9,243, O 86,oo,oo $95980 7, ,3

5 Total capital stock ..... ...... 7,500,606 170,939,i6100D,00924,6 ,0,6 9, 7,0 1,9,3
6 Funded debt uanmatued ...... .............. 219672,000 42,594,goo 8, 30 94170 2,5iO
7 Other long-term debt ................. Z 1 3 ,9
Total long-tere debt ...................... 1,7,6 254 6"l32840 58,0
9 Grand total onpitl a tion ............... 7,500,000 39,51,100~ 9054, 19,07,019 6,430,795 129, 203,9000.4,3
10 Railw~ay operating reyenuee ............... 4152,992 162,691,4o9 12.303,3141 11,6oi,56o. 734,122 29,54,347 33,20,65
11 ota manteanc exenss ............... .. 8' 1 52,713,005 4,30o5,10 0,3 lo769S455 4,7
11 Maneac ofwyadsrcue ....174 25,515,422 ,6:5 :4, ,1 ,7 .
12 Railwy opening expenses................ 353,916 11 ,191,159 9,209,703 7,219,59 939,o26 22,42, 244291



16 eRaiway operatig n oo ........... 202,4329276 l97,4
te1.993e 34 57 2,200,141 3,0215 d 12436,:1,76
2o,5 5 1.q0 s6.6,
15 Euet lad jon il it ret ....... d. l '200 d 9 3 1 I1= 6i
1 rEt ipo n t r e ........... .... d ,9 d 2 225110 5
15-er Jdoit s failt rns.... .......... -2562 1RN42 9,70 95 '22 d 2.7943 4zy30 F
Th~4 d~4utlone* 701 9,61,51316? 6304
26 e< N etm rala oprain. ic.e........... 212,920 32,92375, 1,957,437 3,61.76 L.~21970327082704

17 Ohricm .................................... ... 60,000 1.7,720 4,a4 226 320473685 0:5
27 Toe apo~tlino e o .. ..pi...................... ..... ..0,0 .705,5.96500~ ,5
bene n 23,120 3,0919,3 694:6 3,97873697 190,13 29 27 .3


1 Retfrlae rods... ............................ ... .. 1920 1 437 29 0 .. 23,5,12.9
20 ftefrret on funed o9b ...............iiZ,5 ,7:7 53 3340753905

22 T tl intr s d a ccue ............ 800 9 3293,,840030:6 ,22793,7 0
2 Othe dedutio a..... ................................ 21 9 1 49Z7A11,9670 09? 25


26-1 p e p~~ tommo .. . .. . .. . ... . ......... 20 ,0 17 08 209 0, 0,154, 3

26- Pr fer ed ... ... .. 16.. 010....... ..... 8~ o .
27 otl pp op ia io s f ncme .......... .... .. 20,00 1 ,03,20i,1o oo 3 50 ,70 ..d 0 59 79




28 ncme alnc trnsered o roft ndlos ...... 5,90 919.,42 ,17,97 42,3o 19,13 1,4303 2,9559 Ratios f Item




INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LA I TEM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1923


Central Western Region
Rock Ilei d System S anta Fe
Item Denver & Nevada Northwest- hicago, higo.San Diego yste
Salt Lake Northern ern Pacific Rook Island Rook Island & Arizona A.. h n,
Ry. 00. By. Co. R. R. Co. & Gulf & Pacific Ry Co. od a
By. Co. By. o. ant Ile2/

1 Miles of road owned (single track).................... 220.17 165-71 14.6 512.44 53.4 1303 12,14
2 Average miles of road operated . ...235 16.87 165.87 7 6 516.29 7,5 .20 156.32 12,397.A
Common took .....................................5,110035 000,000 35,000,000 $577,000 $743,72 $2, 000 241 30
Preferred stock .. 54:54 9489 5, 800 124 12 o
5 Total capital stook ......................... .5,110,035 2,000,000 35,000,000 577,000 128,90,212 7, 00 365 10
6 Funded debt unmatured ................................ 13,500,000 ... 30,005,700 9,656,000o 241,337,000 10,04 0 1,751,01
7 Other lopg-term debt .................................. ... 3,189,457 14,313,264 3765,134 9
8 Total long-term debt ............................ 13,500,000 33,195,157 23,969,264 245,102,134 19,503 21,751,
9 Grand total capitalization .......................... 18,610,035 2,000,000 68,195,157 24,546264 374,011,346 27,330,452 7,553901
10 Railway operating revenues ....................... .... 4,011,663 1,163,362 6,355,971 6,915,993 134,316,611 1,225, ~32 247,632,837
11 Total maintenance expenses ....... .... 2 3 . 1,727,1 7 259,433 2367,014 7 9 44,184 411,02
11-1 Maintenance of way and structures .....824, 15,132 1,31153 5, 6 211 .4
11-2 Maintenance of equipment ...... ....902,749 101,301 1055620 73025 25, 1 20007
13Ralaytx oi~al........................,05 .. ..
12 Railway operating expense ......... 2,536,322 517,211 5,732,204 4,12,477 988, 3 93162 171 2 255
1 Railway tax accruals .. 11, 0 152,280 47,961 325,920 8,053,529 69 j 17
14 Railway operating iocome............ 1,., 2 493,55 1 ,302 2,17 0 7,335,97 22 s
15 equipment and joint facility rents .. ......... ....... ,770 d 11 d I d 31'676 d 4 .
15-1 Equipment rents .............. ,770 .. a... 1 . .. d
15-2 Joint facility rents .... ......... b ........b..... .i .
16 Net railway operating income I.. ........ 1,428,412 482,648 50,483 1,870,741 22,395,774 223,175 55,332,526
17 Other Income ........................................ 126,077 61,382 71,104 240,834 2137 58 35,900 6 22
17 Total income ............................. ,55.48 544,030 121,587 2,111,575 24533632 259075 61
19 Rent for leased roads .................................. 343,940 612 3,300 1,585,336 1283 1
20 Interest on funded debt ............................... 810,000 1,346,72743 10, 325 1
21 Interest on unfunded debt.....................9........ 934 653 262,496 1,4218 1,660 1
22 Total interest accrued ..................... .. 810 6,5 3 1,373,223 1,244,986 10,454985 1,015,284
24 Other deductions ........................-.7.......... 2 1 79,268 821 188,082 13,841 2 199
Total deductions ............................ 1,162,716 7,176 1,452,491 1,249,107 12,228,403 1,047,408 11,626 352
25 Net income .... ...................... ........... 391,773 536,854 d 1 330.904 862,468 12,305,229 d 8,3 49,930,431
26 Dividend appropriations of income and surplus:
26-1 common ............................................ 300,000 ... ... 4,461,44 0 24 162,66
26-2 Preferred ................... ... ......... ... 3,567,185 6 s,64o
27 Total appropriations of income .............. ....... ... ... 10,040 ... ,028,665 ... 30,437,564
28 Income balance transferred to profit and. loss ......... 391,773 536,854 1.340.9 44 862,468 4,276,564 d 833 19,492,867

Ratios of Items

Per cent of Grand Total Capltalization: (Item 9)
Common stock (3 to 9)............................. 27.5 100.0 51.3 2.4 7
Preferred took (4 to 9) ........ .................21 .... .2 ...
5 Total capital stock (5 to 9) ..... 2j}3 loo6 51. .4 34.5 28.6 5
Funded debt unmatured( to .................. 72.5 ... 44.0 39.3 64.5 39.2 .5
7 Other long-term debt (7 to 9) .................... ... 4.7 58.3 1.0 322
8 Total long-term debt (8 to 9) .................... 72.5 ... 48.7 97.6 65.5 71:4 43.5
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 4.1 2.3 37.2 22.9 329 6 2
12 Railway operating expenses (12 to 10) .63.2 44.5 90.2 638 7.6 7.0 69
Railway tax accruals (13 to 10) ..3 1..........o 75 7 0 2
1 Railway operating Income (14 to 10) .2 2.5 231 5 20.4 3 23*
1 Equipment and joint facility rents (15 to 10) ..2 1.
1 Net railway operating income (16 to 10) .35.6 41.5 o.8 27.0 16. 7. 22
Per cent of Total Income: (Item 18)
17 Other income (17 to 18) .............................. .1 11.3 58.5 11.4 8. 13.9 10.1
19 Rent for leased road (19 to 18) .................... 22.1 0.1 ... 0.2 6. .1
20 Interest on funded debt (20 to 18) .................. 52.1 ... 1,107.6 58.9 42. 39 18.
21 Interest on unfunded debt (21 to 18 0 1 21.8 0.1 0.2 0.1 0.4
59.0 .2112. 42.6 391.9
22 Total interest accrued (22 to 18) ................ 52.2 1.2 1,129.4 59.0 391.
2 Other deduotiona (23 to 18) ......................... 0.5 ... ...2 0.7 .
24 Total dduotions (24 to 18) .. ............... 74.8 1: 1,1N 6 .2 49.8 1
25 Net Inoome (25 to 18) .............................. 25.2 98.7 ... .50.2 ... 81.1
Per oent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ ... ...... ... 65.2 ... 61.0
28 Income balance transferred to profit
and lose (28 to 25) ........... 100.0 100.0 ... 100.0 34.8 39*

Inoluding trackage rights. Includes Gulf, Oolorado & Santa Fe Railway Company and
d Deficit or other reverse item. Panhandle & Santa Fe Railway Company.
TI Bee alea Bouthwestern Resgion for this system. / Inoludea 3,625.27 ales of proprietary and leased companies.




2960 INTERSTATE COMMERCE COMvIlSSION
BUREAU OF STATISTICS
STATEMENT CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF OLABB I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) FOR THE YEAR ENDED DECEMBER 31, 1928


G entral Western Region
S o u t h e r n T o e o P .
Paoific Toledo, fl 0 -St. Joseph Union
Item Sy et em/ Peoria & Los Angeles Oregon G eh Union Uth ee
Southern Western & Salt Lake Short Line Island PaifO Ry. Co. Pa ifio
Pacific Co.f R. R. R. R. Go. R, R. Co. Rs Co. R. R. Co. R. R. Co.

1 Miles of road owned (single track) . 1,247-52 230.18 1,076.74 2,432-95 257-99 3,753-9 50-05 1 05263
2 Average miles of road operated 8,905.82 239.42 1,209.16 2,539-17 25.50 3,731.81 111.0 190
to n tock ............................... $372,380o,906 5,000 $25,000,000 l100oo,o000,000 60022 ,600 $ 3,065,200 47
4Pr.ferred stock ... ... ... ... 8,999,400 995 ,100 ... 27 000
5 Total capital stock ..................... 372.380,906 5,000 25,000,000 100,000,000 13,599,400 321,3'4,700 3,065,200 75,000
6 Funded debt unmatured ................................. 23886,885 1,000,000 59,022,00 120,5145,000 4,000,000 252,255,720 4,590,000 3
7 Other long-t e debt ............................. 1345 72 2196,914
O Total long-term debt ........ .............. 373,392,667 1,000,000 84,218,914 120,545,000 '4000,000 252,255,720 4,590,000 47,
9 Grand total capitalization .......................... 745,773,573 1,005,000 109,218,914 220,5 45,000 17,599,400 574,090,420 7,655,200 122,545,946
10 Railway operating revenues .............. ............. 230,043,438 2,179,119 24,772,512 38,731,875 4,073,862 121,971,611 1,797,413 17,594,075
11 Total maintenance expenses ........................... 64,86 20 6,401 8,824,450 11,640,367 ,215 .8,o ,51 7, 6,
11-1 Maintenanoe of way and structures .............. 27, 28 4 4 o492,350 5,542,800 ,3 3 2 2 3,
11-2 Maintenance of equipment ....................... 37,69 492 2 4,332,070 6,097,567 06 2 3
12 Railway operating expenses .................. .......... 161,6 856 1,641 19,768,477 25,359,146 2,803,94 77,711,571 1, 5014
1 Railway tax soonals ................................... 17,56939 ,772 1,69,254 3,444,2 1 239,160 ,591,008 1 602 1
I Railway operating income ................... 50,76,167 467o 30 3432 9,4 1, 3,665, gas 22
15 Equipment and joint. facility rents ............... d ..... 4 1 1
1 5-1 Equipment a rents . ....................... d .O2.0, 1, 9
15-2 Joint facility rented ................... 19 ......U6 u 17489 2 1
16 Net railway operating income ................ 46,020,457 313,317 2,029,501 8,574,324 771,179 31,071,696 349,562 2,581,011
17 other inome .......................................... 31,060,413 9,965 249,413 4,495,711 46,116 24,136,638 21,051 515,80
18 Total income .............................. 77,00,870 323,282 2,278,914 13,070,035 817,295 55,208,334 370,613 3,096,891
19 Rent for leased roads ............................ 33,13 ,638 ... 27,0 461,940 d _n_200
20 Interest on funded debt ...................10,932,753 60,000 2,360,88u 5,112,470 160,000 10,999,753 2,u165
RE~ 1 ....... -n7e.es aeue .....
21 Interest on unfunded debt ............................. 119,203 13,082 9,405 10,023 322 59,70s
22 Total interest accrued ...................... 11,051,956 73,082 2,370,285 5,122,493 160,322 11,059,461 233,2 2,29,832
23 Other deductions ..................................... 962,610 3,048 254,299 16,510 6,715 84, 1175
24 Total deduction............................ 45,14,204 76,130 2,652,291 5,60o,943 167,037 11,144,163 233,728 2,4 ,61
25 Net income ................ ...................... ..... 31,932,666 247,152 373377 7,469,092 650,258 44,064,171 136,885 613,278
26 Dividend appropriations of inoome and a urplue:
2 -1 Common .............................. 22,342,854 ... ... 4,ooo,ooo ... 22,229,160
26-2 Preferred .................................. ....... ... ... ... ... 3,981,724
27 Total appropriations of income ..................... 5,000 ... 6,982 4,000,000 ... 26,210,884 ... 50,000
28 Income balance transferred to profit and loss ......... 31,927,666 247,152 d ,9 3,469,092 650,258 17,853,287 136,885 563,278

Ratios of Items

Per cent of Grand Total Capitalization: (Item 9)
a 0 on stock (3, to,) ............................ 49.9 0.5. 22.9 45.3 26.2 4'I 0 :
stock (4 to 9 ............................ ... ... 51.1 38.
Tot~~~~~... stc: oV......... 9cntaltcpt o to 9)...49.9 0.5 22.9 45.3 77.3 6. 40.0 61.2
ount deboitunmtured ( to9) .0.2.0.99.5 22.o:94...2..7 3-9 60.0 31-2
Other ong-term debt (7 to 9 18.1 23.1 3.9 .0 7.0
Total long-term debt (S to 9) ....................99.5 77-1 54.7 22.7
Per cent o Railway Operating Revenuee: (Item 10)
11 Total maintenance expenses 11 to 10 28.2 29.8 35.6 30.1 29.8 30.4 42.8 36.1
10)..... o o ............ : o24.1:2
1 Railway operating expense 12 to 10 70. 75 79.8 65.6 68.8 637 6. 60.
1 Railway tax accruale (13 to 10 2.8 6.9 .5.9 7.0 6,
1 Railway operating income (1 to6 10 212. 325 5 922* 2
4 t- oe{ 'o-10ed ............... 2;.l 21.91332553 9232:
1 Equipmentand joint facility rent (15 to 10) ........ .....
Net railway operating income (16 to 10) .......... 20.0 14.4 22.1 18.9 255.14.7

e r cent of Total income: (Item 18)
S18) 0 ...... ........ ....1 10 5.6 43 7 5 7 1 7
19 ent for leaed roads (19 to 18)..................... ..... 14.6 1.2 3. .. .. 1
Interest on unfunded debt 21 to 1 01 40 04 0.1 0.1 00
22orne 22 t 14.3 22.6 104.0 39.2 19.6 20.0 62
24 Othertdeduction (23 to 18 ) 1.3 0.9 11.2 071 0.0. 0.
m e 25 to 18) ............................. .... ......... 65 11..2 .1 2 o4 2 63 0
.......... r, 23 46 76:5 ... 57.2 79.6 79.8 36.9 19.8
Per cent of Net Inoome: (Item 25)
2 Total appropriations of Income (27 to 25) ... ... ...
26 Income balance transferred to profit 536 .. 9.5 ... 8.2
and lose (29 to 25) .. .. 100.0 1 1 0 46.4 100.0 40.5 100.0 91.8


See als.Noarthweastern Region thi ystes.






BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRTS OF LA I M AILWA
(NOT INCLUDING SWITHING AND TERMINAL 0OMPANIEB) FOR ENDED DECEMBER 1, 19


Bouthwestern Region
Burl In In
Item ort Smith h
Wichita Western Sr o St. FranValley Ry. 0o. & Rio Grande 0a"180
Ry. Co. Ry. Do. Cisco Ry.
t 0 ae xs)
Mile* of road owned singlee track) ........ 52.11 197.6 221.4 52& .32 104.1
Average miles of road operated' .................. 27186 2.75 23.2 1
3 Common took ......................................... $1,0m,000 $1,248,ooo $2,928,300 6,543,22 $975,000
4 Preferred took .............. . ............. 11 :15:
5 Total capital stock ........................ 1,020,000 1,24s,000 2,928,300 11 758 975,000
6 funded debt unmatured ................ ............ 769,000 5,244,000 285,333,667 1, 0
Other long t-te debt ....................... 5-1,6
8 Toah long-ter debt ..................... 769,000 5,2144,ooo000 285,3,67
9 OGrand total capitalis.ation .......................... 1,79,000 6,492,000 8,239,997 400,092,518 6365,
10 Railway operating revenues .......................... 1,752,861 1,559,773 1,314,323 81,,653122 1195,1
11 Total maintenance expenses ..9,89.............. 60966 461 00 2 461 3
11-1 Maintenanoe of way and structures ... M:),5 2 226 a8
11-2 Maintenance of equipment ................... 90,03 32 234 2 1
12 Railway operating expenses ........................ 9....3,426 1,28,157 1,180510 531 1,
13 Railway tax accruals ........... ....................6,93 62,37 4356 5,0 2 66
14 Railway operating inoose .................. 208 ,14 2, 66 94
15 Equipment and joint facility rents .................. 1
15-1 Equipment rents.............................. d
15-2 joint facility rents ........................ ,92 25
16 Net railway operating income ................ 388,557 67,035 1, 5 2o,66o,17 4,63
17 Other income ................................................. 0 ,12 2 ,3 6 903 15,048.0511
18Total income..................................... 406,69 69385 d.11 5g 35,708,99
19 Rent for leased roads ................................. ...... .228,743 1,7 19,3
20 Interest on funded debt .............................. 3840 98,4oo 89,340 14 57,
21 Interest on unfunded debt ............................. 11 262 2 6 7
22 Total interest accrued ...................... 39,761 1w, 62 89, 14, 5 9 2
23 Other deductions ..................... ............
Total deductions ............................ 268,504 10, o,o4i 16,21 7
25 Nset income ............................................ 138,365 d __90W 19,507,170 38,412
26 Dividend appropriations of income and surplus:
26-1 Common ......................................... 3o6,ooo 5 092
26-2 Preferred .....................................- -1, ,789
27 Total appropriations of income ........................ 306,000 6,631,542
28 Income balance transferred to profit nd loss ......... 16763 4 1 11,993 12,875,628 ,412

Ratios of Items

Per oent of Grand Total OCapitalieation: (Item 9)
S Common tock (3 to 9)........................ ....... 57.o 19.2 35.5 16.4 15.3
4 Promfrr e d stock (4 to 9) ...................... 12
Total capital stock 5 to 9) .............. 57.0 19.2 35.5 27 .
FuAnded debt unmatured ( to...9).... Z3.0 80.8 71.3 2Z0
S Other long-term debt (7 to 9) ....................... 64.5
Total long-term debt (8 to 9) 43.0 80.8 64.5 71.3
Per cent of Railway Operating Revenues: (Item 10)
11 Tot maintenane expenses (11 to 10) .... 26.2 3 9.1 35.1
12 Railway operating expenses (12 to 10) ..... 8
13 Railway tax acoruals (13 to 10) ................... 0 62 1
14 Railway operating incomae (14 t10........ 31.3 13.4 6.4 24.6 21.8
15 Equipment and joint facility rents (15 to 10) 1.. 10 0
1 Net railway operating income (16 to 10) .......... 22.2 4.3 2 5-4
Per cent of Total Income: (Item 18)
17 Otbhe r income (17 to 18) ......................... 45 .4 578 42.1
19 Rent for leased road (1 ,0to 8) ................ 56.2 3.6 6
20 Interest on funded debt 20 to 18) 141.6. 32.) 4 .
21 Interest on unfunded debt 21 to 18 .................34
22 Total interest accrued 22 to 18) ................ 9. 14 4 50
2) Other deductions (23 to 18) ..3-.*7 -U0, 0.
2 Total odedution (24 to 18)...................... 1 ... 66.0 14.9 66
25 Net income (25 to 18) ................................ 34. 6 332
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ 221.2 -Income blanoe transferred profit
andloss (28 to 25) ... .- 66.0 100.
*-Including takag rights
&-Definit or other reverse item.
s/ ee alo Oentral Western Rgon is r this system.




29o INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELI IARY REPORTS OF CLASS I STEAM RAILWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES) POR THE YEAR ENDED DECEMBER 1, 1928


Southwestern Region
lansas City
Souther Seystem Louisiana Louisiana Louisana
Item Kansas City Texarkana & Oka a Arkana y & Ry. &
other For Si th Oklahma00 Ry. Go. Navigation Navi on
nG.lf RYC. o. o. i Co. Co. Txs

1 Miles of road owned (single track) ................ 404.2 18632 311.44 273.33 326.82 42
2 Average miles of road operated* ...................... 74.07 81.03 326.1 301.52 33.57 6
SCommon stock.......................................... ..29,959,900 $100,000 $ 0... 5,ooo,ooo 8$131,,
I Preferred stook .. .............. ....21,000,000 $11,527,900
5 Total capital stook I.. ...... ................ 50,959.900 100,66000 11,527,900 5,000,o66 8,131,0666 ,
6 Funded debt unmatured .............................. 52,531, 294 10,000,000 4,135, 500 102,000 10,3 ,500 ...
I Other long-term debt ..................................2,52,S
t Total long-term debt ....................... 55,60,1 9 10,000,0006 4,135,500 102,000 10,3896.5 .

9 Grand total capitalization ........................... 106,020,068 10,100,000 15,663,400 5,102,000 18,519,500 52,500
10 Railway operating revenues .......................... 18,513,388 2,910,509 3,266,728 3,959,960 3,424,53 1,51,907
11 Total maintenance expenses ............................ 5,259, 079 547,154 110, 3N2 1,187, 6 1,107702 444,60
11-1 Maintenance of way and structures .2,12.......... 2 ,2672 29 ,383 7,9 2 5266 227,392
11-2 Maintenance of equipment .........2...........5771 11,O 4,74 2, 1,
12 Railway operating expenses 12 0 1.5 ,988 2,034,773 2043,780 2,689,610 1,03,273
1 Railway tax accruals .... .............. 1,070,878 ,6 124,4 397,097 250,269
4 Railway operating income ... 4,Q3,019 1,177,952 1,10 33 1,018,638 1il0,836
15 Equipmet and joint facility rents Z14...... .. 860 A I2.19
15-1 Equipment rents ... ............ 1" 1
15-2 Joint facility rents ................. ......... 9 ,2
16 Net railway operating income ................ 4,151,476 822,092 917,834 872,525 162,210 d 135,742
17 other income ...... ....................1,635.393 333,029 32,715 58,977 43,863 6,o28
1 Total income .................... ...5,786,869 1,155,121 950,549 931.,502 206,073 A 129.714
19 Rent for leased roads ........................ . .34.,692 156,260o 12,381 1,198 ...
20 Interest on funded debt .............. 2,040,231 550,000 212,256 6,970 468,456 45,000
21 Interest on unfunded debt ............................. 869,264 81 6,314 132,1 118,01 9
0, 902 r1 920,919
22 Total interest accrued ...............290.......2,9 5508 215 1391 5 471 45,07
2 Other deductions ............. ....................... 10,77 42 2, 929 1
4 Total deductions ........................ ..3,277, 0 717,851 222,814 154,388 588,598 45,178

25 Net income ..................... ........................ 2,509,665 437,270 727,735 777,114 d 382.525 174,892
26 Dividend appropriations of income and surplus:
26-1 Common .........................................
26-2 Preferred .............................. 840,666..... ...
27 Total appropriations of income ............,000........... 84, ... ... ... ... ...
28 Inoome balance transferred to profit and loss ......... 1,669,665 437,270 727,735 777,114 d 3822 4 174.892

Ratios of Items

Per cent of Grand Total.Capitalization: (Item 9)
Common took (3 to 9) ............................... 28.3 1.0 ... 98.0 43.9 100.0
Preferred stock (4 to 9 .... ...................... 73.6Total capital stock 5 to ) .................... .1 1.0 7 98.0 4j9 10
6 Funded debt unmatured ( to 49.5 99.0 26.4 2.0 56.1
7 Other long-term debt (7 to 9 2. 10.
8 Total long-term debt (8 to 9) .. 51.9 99.0 26:4 E6 56&.
Per oent-f Railway Operating Revenues: (Item 10)
12,, peatn ex. nse ,1 o ................ ,........ .,+
11 Total maintenance expenses 11 to 10) .. 28.4 18.8 33.9 0.8 32. 42.
12 Railway operating expenses 12 to 10) .. 6.8 5.0 26).3 78.
S Railway tax accruals (13 to 10) ..................... ..8i 10.
Railway operating income (14 to 10) .............. 2.4 40.5 33.9 264 0 .6
1 equipment and Joint facility ents (15 to 10) .........
1 Nt railway operating income (16 to 10) ... ....... 24 283 2 22
Per cent of Total Income: (Item 18)
17 Otherfincome (17 to le) 28.3 28.8 3.4 6.3 21
19 Rent fr leased roads (19 to 18),: *.. 5.8 135 1. .3 N. .
20 Interest on funded debt 20 to 1) ........35.3 4 2:3 0.8 22...
21 Interest on unfunded debt (21 to 18) ............... 15.0 0.1 0.,7 14.2...
22 Total interest crued (2 to 18 ..........3 4.7 23.0 15. ...
S Other deductions (23 to 18) ...................... .9 0.4 0. 0. ...
25 Total deduction (24 1i) .*8 6.6 62.1 23.4 16.6 285.6
25 Net ineeme (25 to 18) ............ 3.4 37.9 7.6 83.4 ...
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ..... 33.5 ............
28 Income balance transferred to profit
and los (28 to 25) ............................. 66,5 100.0 0 .o 1 ... ...

Including package right.
..., - -..... ....... ......". d Deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LAS.I STA ALWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIES ) FOR THE YEAR ENDED DE MBER 1,



S__.outhwestern Region

Item Midland Misor T u.sr.... e
Valley AKieourt- Beaumont, InternationR. R. 0o. Aknsas an- Sour Lake Great
Ry 0. Co Tezxas & Western Northern
R. R. 00. Ry. 00. R. R. Co.
1 Miles of road owned (single track) ........................... 288.68 3.20 / 44 6 4 1 106.00
2 Average miles of road operated' .............................. 364.04 3657 3,189.54 153.24 1.1590
Common stck .................................................. 4,006,500 $3,000,000 66,66,166 $5,000 $7500000
Preferred took ............................................... 3,999,250 ... 59,569,730
5 Total capital stock ................................ 8,005.750 3,000,000 126,205,896 85. 700,
6 Funded debt unmatured ........................................ 9,427,000 3,500,000 114,454,047 2,057,25 4A4.400
other long-term debt ..... 249,000. 1 71
Total long-term debt ..9.427,000 3,749,000 114,145I4,047924,

9 Grand total capitalization .................................... 17,432,750 6,749,000 240,659,943 2.156,696 56,424,
10 Railway operating revenues ................................... 3.725,530 1,654,466 56,549,118g 3.310,903 18,55,805
11 Total maintenance expenses .................. .. ....... 1,026,962 631,332 18, 005,078 81 6,
11-1 Maintenance of way and structures ................... 607,9~l 399,47 81,520 2
11-2 Maintenanoe of equipment ............................... 419,04 231, 87 1 0,133558 4
12 Railway operating expenses ...................... ........... 2,195,020 1,512,075 38,933,816 2,39 14
1 Railway tax aooruals ....................................... 186,185 30,698 ,74,029 47,274
14 Railway operating income ......................... 1,343,722 111,26 0 1523, 866,93
15 Equipment and Joint facility rents ........................ d ...1 d 1 2 9 8.97
15i Equipment rents ..................................
I-2 Joint facility rents .................... ..........
16 Net railway operating income ........................ 1,023,981 d 27.657 12,204,471 69,818s 2,627,076

7 other inome ................................................... 61 d 2,32 7.6, 23
12 Totdair combination .............. o i m ad s
19 Rent for leased rmadsm.........................................4,674 7699
20 interest on funded debt ........................................ 592,702 210,000 5, 51,152 1,9
21 Interet on unfunded debt....... ..................................7,175 9,600 42,639
22 Total interest accrue................................ 2 1 *9 ***,
Other deductions.............................................. 7 237 4
Total deductions ................................. ......691,788 220,84 5, 9 73
25 it Income ............................. ..lo................ 557,616 d 24t5.069 7,496,263 9,075
26 Dividend appropriations of income and urplus2
2- Common .............................................. 200,32.5 ....
26-2 Preferred c .o .................................... 199,962 .. 3,763,4i
27 Total appropriations of Income ................................. ... 2....
28 Ilncome balane transferred to profit and loss ..................... 557,616 d 245.069 7,496,263 22

Ratios of Items

Per cent of Grand Total capitalisation: (Item 9)
Cmostc Qto9) 230 44 L1.
Preferred stock (4 to9j 22.......................................9 ,.0
al capital sto (5 to 9) ......................... .01.9.9 5.44
4o- debt ,ngtae ( to ......................... ....... ....1 51.9 7.6
Funded debt mdtueb ( to V 9............................ .51.9
S Othale long-term debt ( to 9.. .......................... 3


1 Nt rI lway opr ati incom (16' to.. 1).................. 2 ... 21.6 251439.1 3.:
Per cent of Ratlway operating Revenues: (Item 10)
11 Total intenance expenses (11 to 10 ........................276 38.22
12 i or eating expenses (12 to 10 ........................ 58.9 91.
Railway tax accruals (13 to ). ........................ 3~:5 i .6
S Rilwayt operating income (1 to ...................... 25 .
11 Equipment nd joint facility rents (15 to 10) .............. ......
S ot railway operating income (16 to 10) .................. 27.5 ... 2i.

S Other income (17 to 18) ........ 1.............................. 80 ... 7.1
1 Rent for lse.d roads (I19 to 185), 6 .
20 Iterest on funded debt (20 to 18). 4 42.5
21 Int t on unfunded debt (21 to .............. ........ 6
22 Total tr nsetaccrued (22 to 14o10 ft104200
Other dedution (23 to 18).. ...................................... 0.6 0. 1
(25 toe ... 5;-0 ..
25 t not ms nom ................ --:.. .
Per cent of Net Iqoome: (Item 25)
27 Totial appropriations of income (27 to 25) .. .......
Income b oe e transferred to profit 10.
,nd1Lo (26 to 25)....................................... .100.0 ... 100. .... 100

Including trackage rights.
Deftoit or other reverse item.
Include Missouri-lansa-Texas R.R.Oo. of Texas.
Includes 365 miles of proprietary companies.





o60 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 THE YEAR ENDED DECEMBER 31, 1928


Southwestern Region
Su p p yjifc System continued at onal
Item Oissouri New Orleans, St. Louis, San Antonio, Texas & Rye. of
Pacific Texas & Brownesville Uvalde & Pacific a
R. R. Co. Mexico Mexio Gulf Ry. Co. V
. -Ry. Co. Ry. o. R. R. Ro.(

1 Miles of road owned (single track) .................... 4 172.72 74.4 3155 1,45.54 162.05
2 Average miles of road operated* ...................... 7, .79 191.22 17.2 318.32 2,015.15 162.05
3 Common took ........................................ $.. 82,S39,500 $15.oo0,o00 50,000 so500,,Oo $ 00 13,755,10 0 ,ooo
4 Preferred stock ....................................... 71,800,100 000 .
5 Total capital stock ........................ 154,639,600 15,000,66000 500,O666 280,666 110 2,500,000
6 Funded debt unmatured ................................ 366,552,920 43,04 500 15,65 ,342 4.413,000 72,5,410
7 Other long-term debt 11.361.... 1 .9 657,571, ,oo 167,i5
5 Total long-term debt ................... 3..... 66,82,926 44,22, 81 15, 61 ,70,571 79 10 16 56
442561 15,984,61-1 5,070,57 73,950,:410 16,256
9 Grand total oapitalisation ........................... 521,222,520 59,228,681 16,484,611 5,350,571 136,4os,520 2,667,256
10 Railway operating revenues .................. .......... 131,576,525 2,584,211 8,213,685 2,136,335 50,795,832 1,245,031
11 Total maintenance expenses ............................ 45,865,209 1,109,522 2,71,512 7,7 16,242,722 397,474
11-1 Maintenance of way and structures .............. 21,5,903 451,796 1,430,99 819,7+ 3Z9,109 192, 001
11-2 Maintsnanoe of equipment ............... ........ 276,0 657,726 1 7409 4 363' 4
12 Railway operating expenses ................ 9........... 9091,201 2,25,390 1,569 34
13 Railway tax accruals ................................... 513,21 2,77 260,739 ,26 2,246, 241
Railway operating income 3 5.. 26 o 3 2,366,3071 13,99
15 Equipment and joint facility rented .................... 577 43. 0
15-1 Equipment rents ......................... .... 5g13
15-2 Joint facility rents .............I........... 64, 25
16 Net railway operating income ................ 21,347,537 921,710 1,994,796 169,341 o10,446,475 163,661
17 Other income ........................................ 4,037,60 2,049,440 32,114 7,695 533,126 11,746
1 Total income ................................ 25,385,l1O 2,971,150 2,026,910 177,09 10,979,601 175,L07
19 Rent for leased road ............1...................163,85
20 Interest on funded debt .............................. 15193, 07 2,194,41 912,2 220 2,829 6
21 Interest on unfunded debt .....................W 5..... ,29,441 622 u 8591 1514
22 Total interest ascrued ..................... 15,59 752 2, 22 ,852 912,816 220,690 2,91,525 158.0 6
SOther deductions ........................................ 11, 2 9 2 46 o ,
24 Total deductions ............................ 15,872, 9 2,23)3,594 913,139 224,098 2,95, 5 175,952
25 Net income ................ ............................ 9,512,691 737,346 1.113,771 d 47,059 7,993,956 ,54
26 Di vidend appropriations of income and surplus:
26-1 ommon ......................................... 1,038,195 603,113) ... 1,453,148 ...
26-2 Preferred ...................................... 1,950,038 ... .... 185,150 .
27 Total appropriations of income .......................... ,. ...... ... 1,185,150 99,549
28 Income balance transferred to profit and lose ......... 9,512,691 737.346 1,113,771 4 47,059 6,808,806 d 103.094

Rationa of Items

Per cent of Grand Total Capitalization: (Item 9)
ommon stock (3 to 9) ...............................15.9 25.3 3.0 5.2 28.4 93.7
Preferred etock (4 to 9)............................ 13 ... 174 ...
Total capital stock (5 to 9) ....297 25.3 3.0 5.2 45.8 93.7
Funded debt unmatured (6 to ) ......................70.3 72.7 95.0 82.5 53.2.
Other long-term debt (7 to 9) .. ...................... ... 2.0 2.0 1 10
Total long-term debt (8 to 9) .................... 70.3 74.7 97.0 914, 54.2 6.3
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) .. .34.9 3.5 35.0 35.0 32.0 31
12 Railway operating expenses (12 to 10) ............. 7. 79 2 67.9 73.4 .o 7.6
1 Railway tax accruals (13 to 10) *... .. 3.2..
1 Railway operating income (14 to 10) .............. 0.2 2. 27. 19.
15 Equipment and joint facility rents (15 to 10) .....20.0 .9 .3
16 Net railway operating income (16 to 10) ...1..2 31.9 2.)7 20.4 1 1
Per cent of Total Income (Item 18)
17 Dher income (17 to 18) .............................15 69.0 1.6 4 4.9 6.7
19 Rent for leased roads (1 to 18) ... ..................,
20 Interest on funded debt (20 to 1) ............ .....9 75 12 2
21 Interest on unfunded debt (21 to 18) ... 1. 1.0 ..0 a5.4
22 Total interest acorued (22 to 18) 61 45.0 1247 26.6
23 Other deductions (23 to 1 ............ ..... ...... o.6 11.8
24 Total deductions (24 to 18) ...*............. 62.5 75.2 4;.0 126.9 27.2 102.0
25 Net income (25 to 18) ........................ ......... 37. 5 2 .8 55.0 ... 72.8 ...

Per cent of Net Income, (Item 25)
27 Total appropriations of income (27 to 25) ........... ... ... ... 14.8 ...
28 Income balance transferred to profit
and loss (28 to 25) .............................. 100.0 100.0 .0 ... 85.2 ***
Including trackage rights.
d deficit or other reverse item.





INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS 08 OLASS SE RB ALWAYS
(NOT INCLUDING SWITCHING AND TERMINAL COMPANIBB) FOR THE YEAR ENDED



Southwestern Region
Sot. eLouinste Santa Fe System I/ Paii e any Trinity A Wiht
it. L ouis ansas City, Kanes Otty, Base
S ou s Southwestern Mexioo & Mexico & Texas A Fgggy a
outeatern Ry. Go. Orient Orient r. *e. Orleans 8. 00. ..
Ry. Co. p S ypg o. 0m :y R, R. Co.

1 Wiles of road owned (single track) .................... 623.29 69720 259.46 465.75 456.20 02.91
2 Average miles of road operated* ....................... 940-59 00720 272.20 46575 4,69746 367,19
cmmon .o ......... .......................... 16 56,loo $2,750,000 91sisio64 e1,ocooon $ooon $3osoo
5 r al capital stock ........................., 9,750 2,750,000 15,181, 5,000,66 304,

6 Funded debt unmatured ................................. 47,776.250 16,044, ... 9,116,633 9 903 9. 01422
7 Other long-term debt. 10.8., 2,500,000 ....20,663,316 1, 087 2 ,11Q,6
Total long-term debt. ............................. 47,776,250 27,08943 2,500,000 9,116,633 30,4,219 10,4 lo,10
9 Grand total capitalization ........... .. 84,026,000 29,779,943 17,681,064 10,116,633 35,472,219 10,705,101 2
10 Railway operating revenues ............................ 17,999,097 7,576,668 2,967,097 5,663,336 70,060,589 2.717.457 1
11 Total maintenance expenses ......... .................. 5,0 480 35 7 27 409 84 to t5, ;6 32
11-1 Maintenance of way and structures ........ 2,2 6A2 2:365:376 1'15 d 90 O 11, 620m:71803
11-2 Maintenance of equipment ....................... 2, 4 1,9 0 295,271 2, ,14,87,012 3 7
12 Railway operating expenses ............................ 11,481,764 7,88,869 1,579,391 2,572.259 55,095,347 2,1
1 Railway tax accruals .................................. . 66 029.30 286,7 3.1 3 89
14 Railway operating income .................... 5,011 r.60.0 1,100302, 10 11 860d33
15 equipment and joint facility rents .. 416 1 481
l51 Equipment rent .. ................0
15-2 Joint facility rents ...................... d d 15.19
16 Net railway operating Income ................ 4,230,282 d 186.865 1,279,989 1,899,093 8,875,058 201,3 4
17 Other income ......................................... 481975 18,737 448,835 10,880 495517 14
18 Total income ................................ 4,712,257 d 16, 1,728,824 1,909,973 9,370,575 2153
19 Rent for leased roads ................................. 195,272 130350 ..6,69,206
20 Interest on funded debt ............................... ......1,981,555 432, 0 10 ,0770,
21 Interest on unfunded debt ............................ 11,953 2,292 19, 11 11,453 n014 420
22 Total interest accrued ...................... 1, 993, 08 435,092 3430,76, 18 690,491 6054s
2 Other deductions ......................................25. 56 5 l89 1 53 5 433.751 E2
24 Total deductions ............................ 2,,21 36 570,631 342, 1 376,16a 7, 2,5 6o7.732
25 Net income .......................................... 2,498,121 d 7 759 1,386,583 1,533,805 1,948,119 d..322$Z&&
26 Dividend appropriations of income and surplus:
26-1 Common ........................................... ........ .*
26-2 Preferred ......................................... ,.. 2 ...
27 Total appropriations of income .................... ..... ... ... ... ...
28 Income balance transferred to profit and lose ......... 2,498,121 1,386,583 1,533,805 1.948,119 i..2446

Ratios of Items

Per cent of Grand Total capitalization: (Item 9)
3 Common stock (3 to 9) ......................... .....19.4 9.2 85.9 9.9 14.1 *
4 Preferred stock (4 to 9) ...................... ...
5 Total capital stock 5 to 9) .9. 85. 9.9
Funded debt unmatured (6 to ) ....... .... 5 .9 53.9 90.1 276o 7.4
7 Other long-term debt (7 to 9 36.9 1-1 .. 583 9.9:
8 Total long-term debt (8 to 9) ....................5 90.8 14.1 90.1 859 97.2
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses (11 to 10) 28.3 50.9 13 .8 150 1.
12 Railway operating expenses (12 to 10) 6),8 103.6 53.2 45 4 7.
14 Railway tax aooruals (1 to. 103 494. .745
1 Railway operating Income (14 to 10) 0 31,. 37,1 45.1 15*7 *
1 Equipment and joint facility rents (15 to 10) ....... ... 0
1 Vet railway operating income (16 to 10) ......... 23,5 ... 43.1 33.5*
Per cent of Total Income: (Item 18)
17 Other income (17 to 18 ..10.2 26.0 0.6 5. 6.5
19 Rent for leased road. ( to 18) '.4.2 .,I ... 71.
20 Interest on funded debt (20 to l8) .42.0 ... 42.o19.1 5 2
21 Intrest onunfunded debt (21 to 18) .0O.3 ... 11.0 0.6 2.1 0.2
22 Total interest aorued (22 to 18) ................ 42.3 ... 19.7 19.71.0
23 Other deductions (23 to 18) .. .....................0.5 ... 0.1 ... 0:4 1.0
24 Total deductions (24 to 18) .. 47.0 ... 19.8 19.7 79*2 292.0
25 Net income (25 to 8) ........ 5............. 53. 0 ... 80.,
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ ... ... ... *** **.
28 Income balance transferred to profit
and loBs (28 to 25) ..................................0 100.0 100.0 ... 1
*Including tracskage rights.
&Defiit or other reverse item.
V See also Gentwal western Region for this system.




32
2960 INTERSTATE COMMERCE COMMISSION
BUREAU OF STATISTICS

STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM pRELIMINARY REPORTS OF CLASS I SWITOBING AND TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 81, 1928


Great Lakes Region Central Eastern Region

Item Detroit Indiana t Lake Newburgh & Baltoe BrooIklyn
Terminal Harbor Belt Terminal South Shore Termnal Terminal Ry. ,0 District
R. R. Co. R. R Co. R. R. ac. Ry. 0o. R. R. Go. R. R. Co. Terminal

1 Miles of first main track owned ............................17.99 45.16 13.29 1.46 28.59 71 03....
2 Miles of first main track operated .................... 19.29 130.24 13.29 .99 28.59 82.76
Common scok .......................................... 2,000,000 17,600,000 $2,000,000 81,500,000 4,ooo,000 $.,000,000 $3120,000 50,000
Prefred stock ................................... :::
5 Total capital stock ......................... 2,000,000 7,600,000 2,000,000 1o500,000 4,000,000 g,000,666 3,120,0o1
6 Funded debt unmatured ................................. 10,172,000 5,500,000 35,946,000
7 other long-term debt .................................... 1 345,500 445,000 ... 332,362 ... ...
Total long-term debt. ........................ 10,172,000 1,345,500 45,000 5,500,000 36, ,2 ......
9 Grand total capitalization ............................ 2,000,000 17,772,000 3,345,500 1,945,000 9,500,000 '4,178,362 3,120,000 150,000
10 Railway operating revenues ............................ 2,323,158 12,722,774 1,123,497 2,120,439 1,517,681 4,356,197 8,152,394 1,471,638
11 Total maintenance expense ............................. 0 0 719567 26808 .. 9 272,
11-1 Maintenance of way and Structures ..................2 19 1:7,7 9,551 045 17:102 1, 02 22
11-2 Maintenance of equipment ...................... . 84,0 1,328,370 227,135 48 4 187,633 492,41o 12
12 Railway operating expenses ............................ 1,528,398 7,907, 34 1,054,2 2 1,573,809 930o547 3,293,667 5,6019 897,495
13 Railway tax acoruals ............................... 245,980 7 8,236 56,165 146 ,810 211,015 761,606 643,08 98,021
Railway operating income ................ ... 54,580 4,0 9,o16 13,090 307Z 20 376,1.19 )0,775 1 ,905 97,121
15 Equipment and joint facility rents ...................... ,...1',79 6 1,012 ,004 311,447 1,152 d57 96
15-1 Equipment rents ..............................1 9 dJ 14 29,642 2 48 d~ 39232 d .11-LO22g.6
152 Joint facility rents ........................ 96 1, 19 7 """
16 Net railway operating income ................ 563,059 3,361,144 44,131 444,24. 687,566 1,453,033 1,760 958 477,082

17 Other income............................................ 131, 640 92,162 1,676 6,030 28,772 555,296 125,625 28,4.7
1s Total income ................................ 64,699 3,45 ,306 45,807 450,994 716,338 2,008,329 1 ,S98,583 505,560
19 Rent for leased roads .................................... 29,625 ......... 360 1,696,50 441,722
20 Interest on funded debt ................................ .. 453,420 ... 32,151 237,78i7 1,335,5Z4 ..
21 Interest on unfunded debt ............................. ". 9 173 ... 1 2 4
2 Total interest accrued ...................... 32151 237 7 1,3 ,76 43 4
2 Other deductions ....................................... 1 2,819 i20 1,13 2,823 66 2,{ 9 10,983
24 Total deductions ......................0, 529,07 120 33,286 2O, 610 2,008,329 1,6993 452,709
25 lot income ............................................ 64,298 2,927,269 45,687 417,568 475,728 ... 187,200 52,851
26 Dividend appropriations of Income and surplus,
26-1 Common .......................................... 200,000 760,000 ... 90,000 ......7,200
26-2 Preferred ...................................... .... .
27 Total appropriations of income ............................ 760,000 ... 90,000 ... ... 187,200 6,950
28 Income balance transferred to profit and lose ......... 64,288 2,167,269 45,687 327,568 475,728 ... ... 45,901

Ratios of Items

Per cent of Grand Total Cap italication: (Item 9)
3 Common stock Q to 9). ......... .............. 100.0 42.8 59.8 77.1 4.2.1 18.1 100.0 100.
Preferred stock (4 to 9) 59.8.77.1..2.11811....... ... ... ..
Total capital stock 5"to V................. ...... .100.0 .. l. .....
6 Funded debttunmatured ob t .......... 57.2 ..57.9 81.1..
7 Other long-term debt (7 to 9 ..... --...... 40.2 22.9 0.- 0.8
8 Total long-term debt (8 to 9)..................... ... 572 4o.2 22.9 591.9
Per cent of Railway Operating Revenues- (Item 10) 18
11 Total maintenance expenses 1l to 10 ..............193 19.6 36.3 34-9
12 Railway operating expense 12 to 10 ........65,8 62.2 93.87 P,-35.6871.
1sYoruals (13 to 10) ............. lo.6 6.0 5.0 7.0 13.. 76 6
S Ra~lway operating income (14 to 10) 23.6 3181.2 18.8 24.8 32.4
1? Equipment and joint facility rents (15 to 10) o.6 2.7 2.2 20.5 26:
1 et railway operating income (16 to 10) .......... 6.4 3.9 21.0 45.3 33. 21: :
1;Pertont of. Total Income: (Itl~m 18)
Rent f o leased roads l. to 18)................... .
Interest on funded debt (20 to 1)... .............. ............ 1.1 .o7.
Interest on unfunded debt 02lot 18.................... ... .:. ... 0.2
22 t oal Interest accrued (22 to 18) ....................... 13.1 7. 33.2 66.7 ......
23 Othe~r deductions (<23 to 18) ............................ ..1,5 1.3- 3 03 o.4 33.3 0.12.
2 0 T L deductions (24 to 18) ..................... ...1.5 15.3 0.3 7.4 33.6 100.0 90.1 89.6
25 Net income (25 to 18)............................. 95 87 99.7 92.6 66.4 ... 9.9 10.4
Per cent of Net Income- (Item 25)
2 Total appropriations of income (27 to 25) ... 26.0 ... 21.6 ... 100.0 13.1
28 Income balance transferred to profit
and los (2 to 25) 100,0 7..........74 100.0 1 7.4 100.0 1 6.9
d Deficit or other reveree item.




INTERSTATE COMMERCE COMMISSION 0
BUREAU OF STATISTICS
STATEMENT OF CAPITALIZATION AND INCOME ITEMS TAKEN FROM PRELIMINARY REPORTS OF LAS SWIT G AD
TERMINAL COMPANIES FOR THE YEAR ENDED DECEMBER 31, 1923


entral Eastern Region s ern North- central
era as non e western Western Southwestern Region
IRari on lrinn
Item Conemaugh & Monongahela Union New Chicago Peoi& G
Black Lick o onneoting R. o. Oreans River & Pekn h R en.
R. R. Co. R. R. Go. (of Penneyl- Terminal Indiana Union Co.
,vniO) C. R. R. Co.C. flyu0*
1 Miles of first main track owned ......... 21 694 20.39 18.41 2.77 16.08 103 1.07
2 Miles of first main track operated .. 23:01 694 4557 20,40 20.42 .6 1350 1.87
SCommon stock ........................................ ...... 500,000 $750,000 $5,000,000 $2,000,000 $500,000 $1,000,000 $2,626,600 $ o
4 Preferred stock ....... .............
5 Total capital stock. ..... 0,oo 750,oo0 5,000,066 2,000,00 500,666 1,000,666 2,626,66 1
6 *Funded debt unmatured .................................... 8,800,000 14,000,000 ... 3,275,000 2,710,000 / 46449
7 Other 10pg-term debt ... .......... ................... .50,000.......... 71414
8 Total long-term debt .................. ... 450,000 8,800,000 14,00,0, ,75, 006
9 Grand total capitalization ............................. 500,000 1,200,000 13,00,000 16,ooo,ooo 500,000 4,275,000 5,336,600 69,078,305
10 Railway operating revenues .......................... 1,873,359 2,129,030 10,142,499 1,634,033 6,852,263 1,907,172 2,334,856 12,777,6,4
11 Total maintenance expenses ............................ 4195,011 627.592 3,o4e,96 361,9 1.379288 429, 1 50,0 3,o
11-1 Maintenance of way and structures ............. 15,505 20,30 1,000,536 26 5,9 6,79 4 5,798 2:
11-2 Maintenance of equipment ...3. 06 7,288 2012 3,1 96, 690,493 18,o 2 1,0g,
11, Ha7, 3933"1 2,o42
12 Railway operating expenses .. ................. 1 22 1,589,783 7.557,239 918:738 4,022.320 1,391.349 1,24, 42
14 Railway tax accruals ......... ....................... 22,127 104,125 407,710 1283 525,896 233,985 325,02 1,16278
1 Railway operating income .................... 275,210 435,122 2,177,531 586,91 2,303,933 281,838 7629 2 26
15 Equipment and joint facility rented .................... d .2057 ,1 02,725 ,10131287 261,299 1,0 1,
15-1 Equipment rents ................................. d 353 1,099,156 & 4 ,920 1,279
15-2 Joint facility rents ........................... ... ... 3,569 706,367 25 15
16 Net railway operating income ............... 255,659 441,549 3,280,256 481,102 3.435,220 543.137 763,997 3,710,659
17 Other Income............................. .............. 5,933 1, 169 173,810 91,033 11+3,31+3 25,366 128,459 574.90Q7
18 Total income.................................. 261,592 16719 3,1454.071 572,135 3.578,563 568,503 892,452 4+,265,565
19 Rent for leased roads .................... ...... ........ ... 461,558 ... 2,,o0o, 3, ... 69,
20 Interest on funded debt .......................... ..... ... 31,492 511,813 560,000 ... 1812 145,715 1,82 233
21 Interest on unfunded debt ............................. .... ... 1,664 1,263 M 1 498
22 Total interest aoorued ........... 1......... ,o2 51, 561,664 1,263 182,o4 14. 1 1
2 Other deductions ...................... ......... 186 3,839 ,755 200,65 5O0
21 Other Total deductions ........................... 186: 9 3 77 1,07 ,115 570, 19 2201,28 190 524 1 ,2 31 9 7
25 Not income ............... ........ .............. 74,945 322,879 2.375,959 1,716 1.377,135 377,979 742,233 1,175,691
26 Dividend appropriations of income and surplus:
26-1 Commoon ............................................. ... 1,250,000 ... 50,000 51,000 13,862
26-2 Preferred ................................ ..... *.... **. *** *** ***
27 Total appropriations of income ........................ 6,000 ... 24,816 ... 50,000 89,518 253,507 100,000O
28 Income balance transferred to profit and lose ......... 68,945 322,879 2,351,143 1,716 1,327,135 288,461 488,726 1,075,691

Ratios of Items

Per cent of Grand Total Oapitalization: (Item 9)
ommon took (3 to 9) .-. .. ...... .............. 100.0 62.5 36.2 12.5 100.0 23.4 49.2 14.5
'4 Preferred stock (4+ to 9)...........
Ttal al t stoik *o'i::::: ................ 106:6. 6E: 39: 0 15 100.0 24i :
Funded debt unmatured ( to 9..... ... 63.8 87.5 ... 76.6 50.8 6.3
7 Other long-term debt (7 to 9) ....................... ... 75 ...
8 Total long-term debt (8 to 9) ....................... 7*5 3 7
Per cent of Railway Operating Revenues: (Item 10)
11 Total maintenance expenses 11 to 10 ............26. 2.5 30 0 2~.1 20.1 22.5 2
12 Railway operating expenses 12 to 10 .....84.1 7 .7 7.5 56.2 58.7 72,9 5
1 Railway tax ooruale (13 to 10 ...................... 1.2 1. ,0 79 7. 1 13 9
1 Railway operating income (1 to 10) ................ 14.7 20, 21.5 359 3 1 32:7
1 Equipment and joint facility rents (15 to 10) ....... ...0 5 13.7
1 et railway operating income (16 to 10) ..........3.7 19.5 32 29.4 50.1 28.5 3279
Per cent of Total Income: (Item 18)
17 othr income (17 to 18) ............................. 2.3 0.5 5.0 15.9 4.0 .7 1
19 Rent for leased roads (19 to 1) .................... 1 55.9 0.
20 Intrest on funded debt 20 to 18)..................... 7.5 14.8 9.9 ... 31.9 .
21 Interest on unfunded debt 21 to 18 .................... *. *3 *** 0.1U


e l on he eae i.... ..751489.23.
22 Total interest accrued 22 to 18 ................ 75 1. 92 1
Other deductions (23 to 18) ......................... 71. 4 15.0 3.0 1.5 0.9 0 IN
25 Yetincm ded5cton 1+ to.18.......I....................28 .6 22.5 Z9. 0- 38.5 :5 03.2 2.
Per cent of Net Income: (Item 25)
27 Total appropriations of income (27 to 25) ........ 8.0 ... 1.0 ... 3.6 23.7 34.2 8.5
28 Incom b ane transfeorred .to .profit... ....65895
S. 28 to 25.1 r .......92.0 100.0 99.0 loo.0 96.41 76.3 65.8 91.5
d, Deficit or other reverse item.
Include data for St. Loui i dge Co., Tunnel R.R. of St. Louite, St. Louis Merchants Bridge Terminal Ry. Co., East St. Louia connecting Ry. Co., end St. Louie Trsnfer Ry. 00.
Includes data for St. Louis Bridge Co0.
Includes data for St. Louis Bridge Co. and St. Louis Merchants Bridge Terminal Ry. Co.







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