To the standard return shown in this table there should be . 
added, as already noted, the return on new investment made in a 
the railway properties during the years 1918 and 1919. This, , ou 
investment was in the neighborhood of $1,200,000,000, but itis" 7 
difficult to apportion the return on the amount to the various > 
railways, or to divide it between the two years of the period. 
Hence no attempt is here made to state the total amount by 
which the government guarantee for 1919 was greater than-- 
the standard return, or to distribute such amount among the 
individual companies. Pending claims for special compensa- 
tion in excess of the standard return have not been included 
in the statistics. The entries of the first column of the table 
will be increased to the extent that such claims may be allowed, 
while the third and fourth columns will be affected cor- 
respondingly. 
Roads not under Federal control are indicated in the 
third table bv asterisks. 
RAILWAYS OF CLASS I—UNITED STATES 
Revenues, Expenses and Net Operating Income, 1919 Compared with 1918 and Average 
of Test Period 
[tern 
ating Reventon... 
Freight TT ——— 
Passenger me 
Mai] AT 
Express... a 
All other 
n erating Expenses Sue 
ine 1 Way and Sta wn. 
Tint. of Equipment i 
Traffic re —— 
Transportation SE 
Genera] i 
All othey TTT 
Net Operating Revenue osm 
Taxeg cig — 
Uncollectible meee eee mm 
Operating Income I — 
Net Rentals wooo - 
Net Overating Income....... 
Operating Ratio i 
d—Deerease. 
1910 
1918 
(000 omitted) (000 omitted) 
$5,184,280 
3,656,734 
1,178,120 
57,441 
127,664 
264 271 
$4,926,594 
3,458,191 
1,032,671 
53,563 
126,232 
ORE GIT 
1,419 989 
778,105 
1,232,702 
47 538 
2,193,264 
125,437 
42.943 
4,017,210 
656,601 
1,110,280 
48,741 
2,056,479 
112,319 
39.790 
764,241 
199,194 
917 
564,130 
Dr 48,337 
515,793 
R598 
909,384 
186,966 
614 
721,804 
Dr 28,693 
693,111 
?1 FA 
Test period 
averagle 
1815-17 
"O00 omitted 
$3,395,231 
2,380 943 
689,410 
83,236 
59,891 
181.751 
2,297,162 
407,111 
567,665 
61,741 
1,158,763 
82,538 
19.844 
1,098,069 
152,427 
721 
944,921 
Dr 39.761 
905,160 
a7 a8 
Per cent increase 
or decrease, 1919 
compared with 
T | Test 
1918 neriod 
5.2 
2.8 
14.1 
7.2 
1.1 
92 9 
62.7 
49.4 
70.9 
d 31.0 
113.2 
45 4 
10.0 
185 
11.0 
d 2.5 
6.7 
11.7 
21 0 
92.4 
91.1 
117.2 
dd 23.0 
89.3 
52.0 
1292 0 
d 16.0 
6.5 
49.3 
d 21.8 
d 68.5 
d 956 
d 304 
30.7 
27.2 
d 40.3 
d 21.6 
d 43.0 
Note.~—For the purpose of proper comparison with the test period, the operating 
“XPenses and taxes of 1918 and 1919 should be increased by the cost of the Railroad 
Sdministration, corporate exvenses. and war taxes paid by the railway corporations. 
€ Dage A