RAILWAY TRANSPORTATION 
521 
The net railway operating income for all Class I roads combined 
reached a peak in October when it was about $10,500,000 greater 
than in October, 1924, totaling $137,700,000. 
Distribution of Operating Revenue. 
Of $6,120,000,000 total operating revenue of Class I railways in 
1925, $2,660,000,000 (excluding items for labor chargeable to capital 
account) or 43 per cent was spent for labor, compared with 44 per 
rent in 1924 and 1923: 5514 per cent in 1920, and 38 per cent in. 1916. 
Chart V.—DISTRIBUTION OF OPERATING REVENUE (CLASS I ROADS) 
BILLIONS OF DOLLARS 
3 prr—iiidin 
Total Operating Heven 
A 
2 
3s 
- af, 
EY 
olL_—t 
1913 1914 1915 1916 
FISCAL YEARS 
ENDED JUNF AN 
a6 1017 
— db 
_- 19.) el 1922 1923 1824 1925 
CALENDAR YEARS 
(2088-10 
A total of $1,983,000,000 or 32 per cent of the operating revenues 
was spent for fuel, material, supplies, and other expenses. Taxes re- 
quired $359,000,000 or 5.9 per cent of the total operating revenues; 
in 1924 taxes accounted for 5.7 per cent; in 1923, 5.3; in 1920 and 
1916, 4.4 per cent. In 1925 there remained 18.3 per cent of the total 
Operating revenues as net railway operating income with which to 
pay fixed charges on bonded debts and returns on other capital em- 
ployed. This compares with 16.5 per cent in 1924, 15.3 in 1923. and 
28.9 in 1916. 
1950—26+F 02