CHAPTER IX 
HOW TO READ A RAILROAD REPORT 
Income 
A FTER ascertaining the total bonded debt of 
a railroad and the fixed charges necessary 
to pay the interest on said debt and keep 
the railroad out of receivership, the next important 
question refers to the income available for paying 
said fixed charges. Therefore, to continue our 
illustration, in the case of the Atchison, Topeka & 
Santa Fe Railway Co., a report thereon for that 
year would read somewhat as follows:— 
“The gross income of the property for the year 
ending June 30, amounted to $107,565,116 or about 
$10,393 per mile. The growth of these earnings 
since 1900 is shown as follows:— 
Year 
Total Gross 
Per Mile 
Total Net 
Per Mile 
1900 
$46,232,078 
$6,297.49 
$18,977,399 
$2,585.12 
1901 
54,474,823 
6,977.41 
22,544,434 
2,887,72 
1902 
59,135,086 
7,527.97 
26,366,675 
3,356.67 
1903 
62,350,397 
7,827.92 
25,231,280 
3,167.77 
1904 
68,171,200 
8,334.31 
27,197,943 
3,324.93 
1905 
68,375,837 
8,232.70 
23,672,355 
2,850.37 
1906 
78,044,347 
8,828.01 
31,774,665 
3,471.50 
1907 
93,683,407 
10,102.65 
33,111,966 
3,571.00 
1908 
90,617,796 
9,624.82 
27,221,147 
2,891.00 
1909 
94,265,717 
9,624.00 
34,913,678 
3,564.00 
1910 
104,993,195 
10,588.00 
33,775,011 
3,406.00 
1911 
107,565,116 
10,393.00 
35,529,623 
3,433.00 
1912 
107,752,360 
10,139.00 
34,842,671 
3,278.41 
1913 
116,896,252 
10,874.00 
37,107,189 
3,451.73 
In 
the above 
table, two 
kinds of income are 
referred to, viz. 
, gross income and net 
income. 
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