Report of the operations of the Western and Atlantic railroad for the year ending June 30, 1912 [Oct. 1, 1912]

REPORT OF THE OPERATIONS
OF THE
Western & Atlantic Railroad

FOR THE
YEAR ENDING JUNE 30, 1912

REPORT OF THE OPERATIONS
OF THE
Western & Atlantic Railroad

ATLANTA, GA., October 1, 1912.

To His Excellency, Hon. Jos. M. Brown, Governor of Georgia:

SIR: In accordance with the provisions of an Act of the Legis-

lature of the State of Ge.orgia, approved November 12, 1889, pro-

viding for the lease of the Western & Atlantic Railroad, the annual

report for the fiscal year ending June 30, 1912, is herewith sub-

mitted:

RECEIPTS.

Freight______________________________________$ 2,051,791 81

Passenger __________________________________ _ ~ail _______________________________________ _ ECxpress _____________________________________ _ Other Sources_______________________________ _

553,842 03 78,597 95
113,086 15 124,794 54--$ 2,922,112 48

OPERATING EXPENSES.

~aintenance of Way and Structures ___________ $ 196,580 60
Maintenance of ECquipmenL _________________ _ 443,238 16 Traffic ECxpenses ____________________________ _ 105,287 28
Transportation ECxpenses ____________________ _ 1,283,715 04 (;eneral ECxpenses ___________________________ _ 74,772 28--$ 2,103,593 36

Net ECarnings _________________________._________________ $ Flental_______________________________________ $) 420,012 00

Taxes--------------------------------------Improvements-------------------------------

18,112 38 6,455 6Q--$

818,519 12 444,579 98

Surplus------------------------------------------------ $ 373,939 14

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STATISTICS.

FISCAL YEAR 1911-1912.
Total number of passengers carried __________________ _ 504,080 Amount received from each passenger_ ___________ _
Total number of passengers carried one mile __________ _ 26,145,498 Average receipts per passenger per mile __________ _
Total tons of freight carried_________________________ _ 2' 114,821 Average amount received on each ton carried_____ _
Total tons of freight carried one mile ________________ _ 215,096,693 Average receipts per ton per mile ________________ _

1.0987 .0212 .9702 .0095

OPERATIONS DURING LEASE.

The receipts and expenditures from December 27, 1890, to ]Une 30, 1912, twenty-one and a half years, have been:

Receipts ____________________________________ _ Operating Expenses _________________________ _

$47,066,785 45 32,659,566 42

Net Earnings____________________________

$14,407,219 03

Rental_;-------------------------------------$ 9,034,774 26 Interest ____________________________________ _ 326,633 63 Taxes ______________________________________ _ 268,820 25
Improvements ______________________________ _ 793,103 90

$10,423,332 04

Surplus________________________________________________ $ 3,983,886 99

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IMPROVEMENTS.
The improvements during the year were: Steel Rails-Difference in Weight-Value _________________________ $ 2,084 70 Siding and Spur Tracks___________________________________________ 280 14 Terminal 1lards-------------------------------------------------- 2,985 34 Interlocking Plants---------------------c------------------------ 379 02 Change of Alignment_____________________________________________ 726 40
Total--------------------------------------------------------$ 6,455 60 Respectfully submitted,
J. W. THOMAS, ]R.,
President.