The reports filed with the Interstate Commerce Commission by the Class 1 railroads, whose total mileage is 236,190, reveal some interesting facts and figures.
Net railway operating income for 1924 totaled $987,133,000, divided among the national railroad "regions" as follows:
New England $ 35,727,000
Great Lakes 183,333,000
Central Eastern 194,911,000
Pocahontas 52,525,000
Southern District 142,554,000
Northwestern 104,873,000
Central Western 181,262,000
Southwestern 91,944,000
Yet net operating income in none of the great railway districts was sufficient to amount to the 5 3/4% on property investment mentioned in the Transportation Act. In this respect, 1924 earnings of Class...
