Thirty-eight systems-Eastern District-Continued. Delaware, Lacka $13, 967, 096 $17, 339, 668 $16, 661, 183 $15, 989, 316 $188, 447, 134 $203, 571, 960 $208, 964, 671 $200, 327, 922 7.41 8.52 7.97 7.98 1903, 1904, 1905, 1906, Pere Marquette. 15, 226, 450 23,030,452 22,011, 2041 20,089, 369 225,677,917 227,733, 496 231,388, 888 821.340 1.134.25 1, 132, 271 1,029,283 21.508.530 21,547,295 22.312, 403 228, 266, 767 6.75 10.11 9.51 8.80 2,332, 127 7,244,078 8,023, 994 5,866, 733 189, 199, 938 201,683, 006 204, 408, 429 198, 430, 458 1.23 3.59 3.93 2.96 1905, 1906, 1907, 1910, 1903, 1904, 1905, 1906, 1906, 1916, 1917. 295, 998, 383 451, 457, 424 406, 461, 566 384, 840, 150 6, 804, 462, 894 6,916, 147, 918 7, 116, 424, 426 6,950, 412, 492 4.34 6.53 5.71 5.54 1903, 1905, 1906, 1907, 1 Deficit. 2 New York Central includes New York, Chicago & St. Louis, Kanawha & Michigan and Dayton & Union. STATEMENT OF PROPERTY INVESTMENT, CAPITAL OBLIGATIONS, AND INCOME, BASED ON AVERAGE NET OPERATING INCOME RATE of RETURN, THREE YEARS ENDED JUNE 30, 1917, APPLIED TO PROPERTY INVESTMENT JUNE 30, 1917. [The net operating income shown herein (column 3) is arrived at by scaling up the earnings of the three years-June 30, 1915, 1916, and 1917, taken as test period-to the property investment at June 30, 1917, affording the property at that date the same return as the average return for the 3 years, and takes no account of additional investment to Dec. 31, 1917, which is shown, however, in footnote.] 5. 54 394,591,207 51,792,787 446,383,994 202,462, 009 243,921,985 126,095,910 117,826, 075 6,974,232,466 1.69 110,000,000 5.54 6,094,000 Total to Dec. 31, 1917. 7,226,424,426 400, 685, 207 1 Deficit. "New York Central Lines include N. Y., C. & St. L., Kanawha & Michigan, and Dayton & Union. Approximate condensed income account, based on net operating income, scaling 3-year average earnings to property at Dec. 31, 1917-thirty-eight systems. Available surplus_. Per cent on capital stock.... Balance unappropriated surplus.. Earned surplus_-- Discounts, losses, etc. (average for three preceding years). l'er cent on total capital obligations__:÷ Appropriations for additions and betterments (average for three years) Per cent on capital stock_-_ Per cent on total capital obligations_. 93, 330, 093 21, 686. 983 71, 643, 110 2.55 1. 01 34, 269. 629 37, 373, 481 1.33 .53 Return on capital stock-38 systems. Memorandum showing net income return on capital stock for the 3 years June 30, 1915, 1916, and 1917, and averaged-and showing approximate disposition of such net income, averaging the several items for the same 3-year period, and showing the final unappropriated surplus averaged for the 3 years.] Net income carried to final surplus, averaged for 3 years, 1915, 1916, 1917. The CHAIRMAN. Is Mr. Robinson present, Mr. Bird Robinson? .72 STATEMENT OF MR. BIRD M. ROBINSON, PRESIDENT AMERICAN SHORT LINE RAILROAD ASSOCIATION, WASHINGTON, D. C. The CHAIRMAN. Mr. Robinson, what is your purpose-what is your desire at the present time? |