La 
, *2 
To the 4? 
added, as ali 
the railwa 
investment. 
difficult to {. 
railways, o}' 
Hence no 
which the 
the standa 
individual 
tion in exc 
in the stat 
will be incr 
while the 
responding’ 
Roads 
third table 
Revenues. Expenses 
(tem 
Dperating Revenue 
Freight coe 
Passenger pn 
BXpress we 
All other 
Iperating Expenses 
Maint, of Way a 
Maint. of Equip 
Traffic tras 
Transportation i 
General... 
All other on 
Net Operating Rev 
TAXES oor 
Uncollectible 
Operating Income . 
Net Rentals oe 
Net Operating Incol 
Operating Ratio ... 
d—Decreace. 
Note.—For the’ 
®Xpenses and gi 
Administration, co 
See page 4. 
2 
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3 
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on 
orn shown in this table there should be 
the return on new investment made in 
during the years 1918 and 1919. . This 
eighborhood of $1,200,000,000, but itis 
ie return on the amount to the various 
it between the two years of the period. 
-2re made to state the total amount by 
guarantee for 1919 was greater than 
* to distribute such amount among the 
Pending claims for special compensa- 
:;andard return have not been included 
antries of the first column of the table 
extent that such claims may be allowed, 
fourth columns will be affected cor. 
5 
- 
ol 
Pe Ye 
BREE 
[a 
Federal control are indicated in the 
F CLASS I—UNITED STATES 
ating Income, 1919 Compared with 1918 and Average 
of Test Period 
14619 
191% 
Test period 
average 
1915-17 
ONO omitted: 
Per cent increase 
or decrease, 1919 
compared with 
To | Test 
1018 neriod 
000 omitted) [000 omitted) 
$5,184,230 
3,556,734 
1,178,120 
57,441 
127,664 
264 971 
$4,926,594 
3,458,191 
1,032,671 
53,563 
126,232 
OFE gam 
$3,395,231 
2,380 943 
639,410 
83,236 
59,891 
181.751 
5.2 82.7 
2.8 49.4 
14.1 70.9 
7.2 | d 31.0 
11 113.2 
33 45.4 
4,419 989 
778,105 
1,232,702 
47 538 
2,193,264 
125,437 
49.942 
4,017,210 
656,601 
1,110,280 
48741 
2,056,479 
112,319 
29 790) 
2,297,162 
407,111 
567,665 
61,741 
1,158,763 
82,538 
19.344 
10.0 92.4 
185 91.1 
11.0, 117.2 
125! d230 
6.7 | 89.3 
11.7 | 52.0 
310! 1920 
764,241 
199,194 
917 
564,130 
Dr 48,337 
515.799 
909,384 
186,966 
614 
721,804 
Dr 28,693 
693,111 
Q1 FA 
1,098,069 
152,427 
791 
944 
Dr 30° 
905,150 
a7 RA 
d 16.0 | d 30.4 
6.5 30.7 
49.3 21.2 
21.8 d 40.3 
€35 d 21.6 
qd 2568 : 4 43.0 
R5.26 
‘oper comparison with the test period, the operating 
1919 should be increased by the cost of the Railroad 
es. and war taxes paid bv the railwav corporations. 
9) 
‘er