Selected Articles On Government Ownership Of Railroads (volume 1) by Edith M. PhelpsSelected Articles On Government Ownership Of Railroads (volume 1) by Edith M. Phelps

Selected Articles On Government Ownership Of Railroads (volume 1)

byEdith M. Phelps

Paperback | February 1, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919. Excerpt: ... RAILROAD EARNINGS SHOW BIG DECREASE1 The earnings of the railroads in the twelve months ended Dec. 31, 1918, as indicated in their reports to the Interstate Commerce Commission, show substantial increases in gross incomes over the preceding year, although there were big decreases in the majority of the net incomes reported. The figures for December, 1918, as compared with the preceding December show a majority of decreases in net operating income, which is of particular significance in view of the fact that in 1917 the roads experienced traffic congestion, severe weather, and a coal shortage, which cannot be held accountable for the falling off shown in the current reports. The reports for the twelve months show that, while the increases in gross were large, as the result of the rate increases authorized in 1918, they failed by a big margin to offset increases in wages and costs of operation, and are running below a balance now. In specific cases this disparity between the additional earnings resulting from the rates and the increased cost of operation and maintenance stands out sharply. For example, the gross earnings of the Atchison, Topeka & Santa Fe increased $21,390,194 in the course of the year, while net income decreased $4,684,340 and the December decrease in net was $1,873,574. New York Central's gross increased $55,861,514, while the road's net income decreased $6,353,023. In other cases the difference was even more marked. Chicago, Milwaukee & St. Paul reported an increase in gross amounting to $19,155,253, but net income was shown to have decreased more than $18,000,000. Great Northern reported an increase of $12,129,904 in gross and at the same time a decrease in net of $12,348,318. The table on the following page gives gross and net income, ...
Title:Selected Articles On Government Ownership Of Railroads (volume 1)Format:PaperbackDimensions:82 pages, 9.69 × 7.44 × 0.17 inPublished:February 1, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217923208

ISBN - 13:9780217923200

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