Show STATISTICAL REPORT I I The Interstate Commerce Commission Commis-sion Submits Its Statement For the Past Year Washington June 15Thc seventh statistical report of the interstate commerce commission for the year ending June 30 1894 has just been submitted I In the introduction special attention atten-tion is called to the peculiar conditions condi-tions affecting the operation of railways rail-ways during the year First the report re-port covers the last four months of the Columbian exposition during which time there was an increased passenger traffic Second it covers a period of widespread and unprecedented unprece-dented business depression Third on June 30 1894 192 roads operating upwards I l up-wards of 42000 miles of line and representing i re-presenting about onefourth of the i I total railway capitalization were in f i the hands of receivers The effect of I I these conditions is apparent in nearly I all of the figures presented I I The total railway mileage in the i United States on June 30 1894 was 178708 an increase during the year of 2247 miles The increase during the previous year was 4897 The percentage per-centage of increase during 1894 was less than for any preceding year for which reports have been made to the I j commission and it Is not probable the I I year ending June 30 1895 will show much improvement The number of I roads abandoned was sixteen The I i total mileage of all tracks was 233 i 533 miles Railiray Corporations The total number of railway corporations cor-porations on June 30 1894 was Jan J-an increase during the year of 22 The number of roads not in operation was 77 The movement of consolidation during the year on the basis of mileage mile-age involved has been greatest in four previous years 15 roads representing repre-senting 1734 miles have been merged 22 roads representing 2352 miles have been reorganized and 14 roads representing repre-senting 1590 miles have been consolidated consoli-dated A classification of railways on j the basis of operated mileage shows that 44 roads each with a mlleag of over 1000 miles operate 100547 miles of line or 5630 per cent of the total mileage of the country Ninety roads operate 7290 per cent of the entire mileage On June 30 1894 the total number of locomotives were 35392 an increase during the year of 704 The total number of cars reported was 1278078 The increase in the number of cars during the year was 4132 as against an Increase of 18SGi during the previous pre-vious year This falling off in the ratio of increase is due to the fact the railways have during the year used a large number of old worn out cars During the year 1579 locomotives locomo-tives and 50386 cars were fitted with train brakes and 1187 locomotives and 34156 cars were fitted with automatic auto-matic couplers Seventyfour and eightyoneone hundredthu per cent I of the total equipment is still without train brakes and 7277 per cent without with-out automatic couplers The total number of railway employees June 30 1894 was 779608 a decrease as compared com-pared with the number on June 30 1893 of 93994 or 1076 per cent This Is a smaller number employed than In any year since 1890 This decrease Is due the report states to the heavy falling off in traffic and the endeavor of the railways to economize Average Daily Compensation A new feature in this report is a table ta-ble giving a comparative statement of the average daily compensation of the various classes of railway employees for 1892 1893 and 1894 The total amount of reported railway capital of June 30 1894 was 10796473813 or 62 951 per mile of line This Is an increase I < In the amount of outstanding capital during the year of 29200000 The amount of capital stock was 4824 075659 of which 4103584166 was common com-mon stock The funded debt was 5 356583019 The amount of current liabilities lia-bilities was 605815135 The amount of railway securities held by the railways rail-ways as an investment was 1544 058670 a decrease during the year of 18963563 The amount of stock pay ing no dividend was 3066150094 or 6343 per cent of the total amount The total amount of dividends was 95575976 or an average rate on the dividend paying stock of 541 percent per-cent The amount of bonds paying no interest was 65057378y The amount of miscellaneous obligations paying no interest was 53426264 and the amount of income bonds paying no interest was 210757554 The number of passengers carried was 6196SS1S9 an increase over the previous year of 26127587 and was occasioned by the Worlds fair travel There was a large decrease in freight traffic the number of tons carried being 636186 553 as against 745119482 in 1893 The gross earnings of the railways for the year were 103361797 a decrease as compared with the previous year of 147390077 Passenger revenue decreased decreas-ed 1614225S and the revenue from freight traffic decreased 139562948 The amount of operating expenses was i 731414322 a decrease of 96506977 The largest percent of decrease was in the operating expenses assigned to maintenance of way and structures and to maintenance of equipment which show respectively a decrease of 1512 and 1772 per cent Xet Earnings The net earnings wero 341917473 a decrease of 50SS3iOO a < 3 OMiaed with the previous year The income derived from sources outside of CIIf rations r-ations was Sl12S16yJ3 The amount of fixed charges and other deductions I from Income was U2900S3IO leaving a net income bf 55755970 available for dividends and a decrease as compared with the previous year of nearly 30 per cent The amount of dividends I paid was 95795976 a decrease of only 5353909 from the amount paid the I prevous year The fact that nearly the normal amount of dividends was II I paid notwithstanding the great decrease de-crease in income available for them I I and the payment of the amount stated I entailed a deficit from the operations of the year of 15912044 is noted I The revenue derived from the carry I i ing of passengers was 285349558 and the revenue derived from freight I traffic was 619490913 During the year 1823 railway employees wre I killed and 23422 were injured as compared com-pared with 2727 killed and 31179 in I jured in 1S93 This marked decrease in i I casualty is partly due the report says I to the decrease in the number of men i employed and the decrease in the volume vol-ume of business handled The Increase I in the of use automatic appliances on railway equipment also may have ren dered railway employment less dangerous I dan-gerous The number of passengers I killed was 324 an increase of 25 and the number injured was 3304 a decrease I de-crease of 195 Average Casualty To show the ratio of casualty it may be stated that one employee was killed out of every 428 In service and one in jured out of every 33 employed In concluding the report the statistician sta-tistician renews the recommendations made in previous reports In regard to the desirability of requiring all the reports re-ports from express companies coroor ations and persons owning rolling stock used in interstate commerce corporations companies and persons owning depot property stock yards and elevators used by interstate car riers and from carriers from water ways that compete with railways for traffic Reference is also made to the question of requiring the railways to i report freight earnings by commodi ties On account of the present de pressed financial condition of rail wavs it hasbceridecided decided to let this matt rest another year although there Is no queston as to the desirability of such reports |