Capitalization And Valuation Of Railway Property

The araount of railway capital on June 30, 1896. was .f 10,566,865,771, which assigned on a mileage basis, shows a capital of .f59,510 per mile of line. It should be noud, however, that these figures do not include currentliabilities, which, if included as a part of capital, as in former years, would increase the amount of outstanding capital about $613,000.000, making the amount per mile of line $63,068. The amount of capital stock was $5,226,527,269, of which $4,256,570,577 was common stock and $969,956,692 preferred stock. The funded debt was $5,340,338,502, consisting of bonds, $4,519,872,063; miscellaneous obligations, $457,735,531 ; income, bonds $314425,977, and equipment trust obligations, $50,304,931. The amount of stock paying no dividend was $3,667,503-194, or 70.17 per cent. of the total outstanding. The amount of funded debt, not inclnding equipment trust obligations, wliich paid no interest, was $860,558,442. Of the stock paying dividends, 1 .68 per cent. of the total stock outstandng paid froin 3 to 4 per cent. ; 5.55 per cent of tlila stock paid froui 4 to 5 per cent, 6.82 per cent. paid from 5 to 6 per cent, 3.91 per cent. paid from 6 to 7 per cent, and 4.37 per cent. paid from 7 to 8 percent. The total amount of dividends was $87,603,371, which would be produceil by an average nf 5 62 per cent. on the amount oí stock on which some dividend was declared. The amount of honda paying nu interest was .f5 15 029,638, or IJ. 40 per cent: i miscellaneuus obligations, $68,918,68), ur 15 05 per cent, and of iucoiiie hond, $76,611,094 ur ,s7.ii(i per cent. PCBLIC SERVICli OK RAILWAY8. The nuuiber ..f passengers ciirried during the year ending June 30, 1896, .vas 511,772,737, being an iucrease of 4.351 ,375 as uompared witli the year ending June 30, 1895. Thaf year, however, showed a decrease if 33,260,837 as eoinpared witli 1894. The nnmber of passengere uarried one mile d uring the year was 13,049,007, "233, showing au increa.se as coi n pared with the previons year'of 860,550,95-. The rorrespiínding decrease of the year 1894 was 2,100,999,622. The numberof passengers carried one mile per mile of line - that is, the ñgures indicating the density of passenger trafic during the year ending June 30, 1896 - was 72,705, an increaSë of 3,133 in th ia item being shown. The corresponding decrease as shown by the report of 1895 was 12,761. The nuuiber of tons of freight earried during the year under consideratiou was 765,891,385. This iá the largest tonage ever reported for railways in the United States. The increase during the year was 69,130,214. The numbei' of tons of freight earried one mile was 65,328,370,278, there being an increase of 10,100,844,387. The density of freight traffic is shown by the number of tons of freigbt earried one mile per mile of line, which was 52.!.832. These ligures, as compared with those of the preceding year, show an increase of 44,342 ton-miles per mile of line. ' RAILWAY ACCIDBNTS. The statistics submitted by the Interstate Commerce Commission show that the number of railway employees killed during the year ending June :!0, 1896, was 1,861, the number injured was 29,969. These figures indícate an increase of 50 in the number killed, and of 4,273 in the number injured, as compared with the preceding year. The numberof passengers killed was IS], the number of passengers injured 2,873, being an increase of 1 1 in the number killed and of 498 in the number injured. The number of persons other than employees and passengers killed was 4.406 and the nnmber injured 5,845. These figures include caaualities of persons reported as trespassers, of whom 3,811 were killed and 4.4S8 were injured. From summaries shuuiiig the ratio of casualties it is iound that for every 411 men einployed on railways 1 was killed, and for ever}' 28 uien einployed 1 was injured. A similar COUiparison as to trammen shows that 1 traii.man was killed for each 152 trainmen employed, and that 1 trainman was injured for each 10 trainmen einployed. The number of passeugers earried for 1 passenger killed was 2,827,474, and the number of passengers earried for 1 passenger injured was 178,132. As showing in another way the immunily o!' pasBengprs from accidenta, tbe reporta gives ratios based upon the number of miles traveled, from which it appears that 72, (K!,963 passeuger-tniles were accomplislied for every passenger killed, and 4,511,945 passenger-miles were accomplished for every passenger injured.