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Facts About Railroads

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Parent Issue
Day
27
Month
July
Year
1894
Copyright
Public Domain
OCR Text

llie interstate co-.umerce cru: i23sion bas made its s;xth stalistical repon. The total mileage of railways in the [Jnited States on June 30, 1893, was 176,461.07, being an inorease during the year of 4,897.55 miles. The corresponding increase during the previous year was 8, 160.78, from which it appears that there was some revival iu railway construction during the year covered by the report. The number of roads abandoned during the year was 19. The total length of line, including all tracks, was 230,137.27, which includes 10,051.36 miles of second track and 42,043.40 miles of yard tracks and sidings. The total number of employees in the service of railways on June 30, 1893, was 873,602, beiug an increase of 52, 187. Of this total of employees, 35,384 are assigiied to the work of general administration, 256,212 to maintenance of way and structures, 175,464 to maintenance of equipment and 397,915 to conducting transportation, the remainder, 8,627, being unclassiiïed. The aggregate property properly classifled as railway capital was on June 30, 1893, $10,506,235,410, which shows railway capital equal to $63,421 per mile of line. The amount of stock outstanding was $4,668,935,418, of which $3,982,009,602 was common stock, the remainder, $686,925,816, being preferred stock. The f unded debt outstanding was $5,225,689,821, classified as follows: Mortgage bonds, $4,504,383,162; miscellaneous obligations, $410,474,647; income bonds, $248,132,730, and equipment trust obligations, $62, - 699,282. Tho amount of investment in the railway securities has increased during the year from $ 1 3 9 1 , 457,053 to $1,563,022,233, being an increase of $171,565,180. The amount of stock paying no dividends during the year was $2,859,334,572, being 61.24 per cent of the total stock outstanding. The total of dividends paid was 1 00, - 929, 885. The amount of mortgage bonds payiug no interest was $492,276,999, or 10. 93 per cent of the total of mortgage bonds, and the amount of income bonds paying no interest was $204, 864, - 269, or 82.56 per cent of the total of income bonds. The total number of passengers carried during the year ending June 30, 1893, was 593,560,612. The number of tons of freight reported by the railways for the year was 745, 1 1 9, 482. Ton mileage was 93, 588, - 111,838. The gross earnings from operations on the railways of the United States for the year ending June 30, 1893, were$l,220,751,874, being an increase of $49,344,531 over gross earnings reported in the previous year. Operating expenses during the year were $827,921,299, being an increase of $46,923,303 over the previous year. The final net income available for dividends was $111,058,034, being a sum less than the corresponding amount for the previous year of $4,907,157. After deducting from this amount the dividends paid the income account of railways in the United States for the year 1893 shows a surplus of $8,116,745, which is less than the surplus of the previous year by $5,919,311. The number of railway employees killed during the year was 2,727, being greater by 173 than those killed during the previous year. The number of employees injuredwas 31,729, being greater by 3,462 than the number injured the previons year. The number of passengers killed during the year was 299, being less by 77 than the number killed the previous year, and the number injured was 3, 229, being two in excess of the number injured the previous year. Of the total number of deaths to employees on account of railway accidents 433 were due to coupling and uncoupliug cars, 644 to falling from trains and engines, 73 to overhead obstructions, 247 to collisions and 153 to derailments, the remainder being due to causes not so clearly deflned. An assignment of casualties to the opportunity offered for accidents shows 1 employee to have been killed for every 320 men employed and 1 to have been injured for every 28 men employed. The most daugerous service is that of trainmen, and for these the statistics show 1 employee to have been killed for every 115 trainmen and 1 employee tohave been injured for every 10 engaged in this service. A similar comparison shows 1 passenger to have been killed for each 1,985,153 passengers carried, or f or each 47,588,966 passenger miles accomplished and 1 passenger injured for each 183,822 passengers carried, or for each 4,406,659

Article

Subjects
Ann Arbor Argus
Old News