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LETTER OF TRANSMITTAL.

Harrisburg, December 1, 1907. Hon. Henry Houck, Secretary of Internal Affairs of the Commonwealth of Pennsylvania.

Sir: I have the honor to present herewith the report of the Railway Bureau for the year ending June 30, 1907, for transmission to the General Assembly, as required by law.

Very truly yours,

JAMES H. CRAIG,

Superintendent, Bureau of Railways. 1

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REPORT.

The period covered by this report of the Bureau of Railways, June 30, 1906 to June 30, 1907, was the most active and prosperous in the entire history of railroads. Great increases along all lines of operations are shown by the information contained in their reports to this Department and they have contributed a large share to the general prosperity that has prevailed in this State as well as in the country at large.

A careful analysis of the principal tables which accompany this report exhibits, most satisfactorily, the amazing growth in the business of transportation.

STEAM RAILROADS.

Table C.-Assets.

The steam railroads reporting to this department and doing business in the State show assets amounting to $4,497,706,989, or an increase over the previous year of $203,475,961. The following statement shows the items in which the increases occurred:

Increase for the year 1907 over the year 1906.

Total cost of roads owned,

$85,143,499 Total cost of equipment owned,

11, 221,762 Stocks and bonds owned,

139,330,183 Other assets,

98,500,164 The only item in which a decrease occurred was that of "Cash and Current Assets," and it was very marked, amounting to $130,719,649.

Table B.-Liabilities.

This table is important as exhibiting the capitalization of the steam railroads. The total is $4,478,266,254, and the increase for the year 1907 over 1906 amounted to $173,385,957.

The following statement shows the items in which the increases occurred:

Increase for the year 1907 over the year 1906.

Total amount of stock outstanding,

$47,446,385 Total amount of funded debt,

134,593,322 Total railway capital,

173,385,957 The only decrease was in the item “Total Amount of Other Forms of Indebtedness," and amounted to $8,652,750,

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Table E.-Equipment and Persons Employed. The following statement shows the increase in the respective items for the year 1907 as compared with the previous year, 1906:

Increase for the year 1907 over the year 1906.

Locomotives in service,
Passenger cars in service,
Freight cars in service,
Total number of cars in service,
Number of employes,
Total yearly compensation,

1,672

312 46,744 46,901

38,363 $84,810,144

Table G.–Number of Passengers Carried.

Cost per Mile. The increase in number of passengers carried and in total passenger revenue was as marked as in other branches of the business. . The following statement shows the items in which the increases occurred:

Increase for the year 1907 over the year 1906. Number of passengers carried, earning revenue,

19,552,214 Number carried one mile,

662,341,321 Total passenger revenue,

$9,870,604 The average receipts per passenger per mile showed a slight decrease of .031 of a cent.

Table 1.—Quantity of Freight Carried.

Cost per Ton. The following statement shows the increase in the freight business of the railroads and the items in which the increases occurred:

Increase for the year 1907 over the year 1906.

Number tons carried, earning revenue,

78,469,204 Number tons carried one mile,

7,613, 810,242 Total freight revenue,

$51,966,209 There was a slight increase in the “Average Amount Received for Each Ton of Freight” of .004 of a cent.

Table J.-Earnings and Income. The earnings of the railroads for the period covered by this report were enormous. The total was $862,984,533, an increase for the year of $72,000,156. The following statement shows the items in which the increases occurred:

Increase for the year 1907 over the year 1906.

Passenger earnings,
Freight earnings,
Other earnings from operations,
Total earnings from operations,

$11,557,397 55,545,623

2,531,074 69,634,094

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