OCR Text |
Show Practically every one of the ten or eleven railroads which in 1918 had the distinction of making a profit pro-fit for the government over and above abo-ve the guaranteed compensation have now joined .the great majority not earning their rentals. For the first six months of 1919 such leaders lead-ers as Atchison, Southern Pacific, Union Un-ion Pacific and Louisivlle and Nashville Nash-ville all failed to earn the government govern-ment guarantee. Michigan Central however, which scored a remarkable remark-able performance in 1918, had the unique distinction, in the first six month? of 1919, of being practically practical-ly the only road of size in the country coun-try to earn more than the rental. !n 191 S the M. C. showed a profit to the government of $7,669,11 5 and for the six months ending June 30th last its net operating income was ?1. 919, 002 above the proportionate compensation of the half-year. Union Un-ion Pacific last year showed the largest lar-gest profit for the Railroad Administration Admin-istration of any of the roads, its net operating income being $12,406,000 I above the government compensation j of $38,416,110. Southern Pacific came next with a profit of $7,757,-I $7,757,-I !35. For the six months ending on June 30th Union Pacific's net earnings earn-ings were $1,454,693 under the gov-. gov-. prnment compensation and Southern , Pacific's fell short of the rental by SI 2.158,234. |