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
Southern District 142,554,000
Central Western 181,262,000
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...