Show AUTO TAKES PROFITS OUT OF RAILWAYS YS Short line lino railroads and nd street streetcar car Clr systems have ha have ceased to be bethe bethe bethe the best beat Investments since the automobile and truck tru k have com competed om oi- with them for business The truth of that th l statement Is brought home by the reports of ol o the Utah Idaho Central Railroad flail road company and the Ogden Rapid Transit company filed with the the public utilities utilities commission c l D V In tn 1926 the Utah Idaho Central C revenue totaled and its operating expenses From the net operating revenue rc of or t 13 t 4 there had to be deducted 56 36 In taxes and Interest on the funded debt When all items are accounted for the re report port shows a deficit of The consoling feature Is that the bondholders who 1 ho arc are the prin principal cipal stockholders can be induced to wait walt for their Other Other- Otherwise Otherwise wise the situation might bo seri ous oua Tho street car company's lev- lev ev was 1 iOS with operating op expenses 03 75 Taxes amounted V lo to tOi Interest on the funded debt d bt was which If paid would have left a deficit of 38 35 O. O There Thereas was as a time when street J. J railways were profitable profitable- or pros pros- prospectively ely so but bul today that is not true Few ew companies cOl In Inthe Inthe inthe the United States are V making money noney The automobile between Ogden and Logan and Logan and Preston Idaho operated by b the Utah Idaho Cen Cen- Central troll rul made madea rna e a a- profit with revenues I of ot V and operating expenses of Taxes warel 2969 and accrued Interest leaving a of Tho bus line is made profitable because the transportation Is not called upon to build Its Us roadway or r keep It l cp It In repair and its Investment In vestment v Is not large as ns compared with ai au electric or steam rail rail- road Ild |