CONSERVATION OF RAILWAY SERVICE
same time the rate of interest on new capital has gone up, and federal and state commissions have reduced rates. The people are beginning to realize the fact that railroad-owners and managers need help.
The following figures, covering all the railroads in the United States, taken from reports filed with the Interstate Commerce Commission for a term of years, are interesting:—
| 1906–7 | 1909–10 | 1910–11 | 1911–12 | |
|---|---|---|---|---|
| Average miles operated | 227,454 | 230,052 | 243,229 | 246,511 |
| Total operating revenue | $2,589,105,000 | $2,787,266,136 | $2,818,780,398 | $2,873,279,985 |
| Total operating expenses | 1,748,515,000 | 1,847,159,773 | 1,935,511,581 | 1,990,061,981 |
| Net operating revenue | 840,5990,000 | 940,076,363 | 883,268,817 | 882,218,004 |
| Net revenue from outside operations | ……… | 2,684,892 | 2,072538 | 1,243,319 |
| Taxes | 80,312,000 | 104,144,076 | 103,108,490 | 121,797,743 |
| Net operating income | 760,278,000 | 838,617,180 | 776,232,865 | 762,663,579 |
For the year ending June 30, 1912 on 246,511 miles of railway the owners of the property received only two and one half million dollars
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