Reports of Decisions of the Public Service Commission, Second District, of the State of New York (Volume 5 ) (Paperback)

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. 1917. Excerpt: ... The interstate traffic uses the 2600 miles of track in New York east of Buffalo. The earnings on various eastern railroads per passengertrain mile for the year ended June 30, 1914, were as follows: Lake Shore and Michigan Southern SI.77 Pennsylvania 1.60 Pennsylvania Company 1.39 Erie 135 Lehigh Valley 1.15 Central Railroad of New Jersey 1 29 Delaware and Hudson 1.28 Long Island 1-60 New York, Chicago and St. Louis 1. 54 Buffalo, Rochester and Pittsburgh.97 New York, Ontario and Western 1.11 These figures are taken from the report published by the Interstate Commerce Commission. The accounts of the consolidated" company, The New York Central Railroad Company, began January 1, 1915. Since that time the accounts have not been kept by state lines. The accounts of the New York Central and the constituent companies have never been kept by state lines because this was not required by the Interstate Commerce Commission. The revenues reported to the Public Service Commission by The New York Central Railroad Company for the year 1915 for freight and passenger traffic are as follows: Total operating Operating 1915 revenue expense Net First quarter $39,012,342 $29,794,426 $9,217,916 Second quarter 44,660,147 28,725,148 15,935,001 Third quarter 48,304,589 29,820,979 18,483,610 Fourth quarter 52,953,405 32,538,906 20,414,499 $184,930,483 $120,879,457 $64,051,026 Total rev., inc. Optg. exp., 1915 non-op. rev. inc. fix. chgt. Net income Firstquarter $42,871,035 $43,072,098 1201,01S Second quarter 49,166,910 42,153,792 7,013,118 Third quarter 52,402,182 43,407,228 8,994,956 Fourth quarter 57,278,358 45,373,895 11,904,463 $201,718,485 $174,007,011 $27,711,474 The 1915 net income which remained after paying all fixed charges, taxes, etc., was equal to 11.11 per cent upon ...