The Bureau of Railway Economics made report last week on the 1925 earnings of 189 Class I railroads having a total mileage of 236,000. These earnings may be interpreted by percentages in two ways when laid against the property as evaluated by 1) the Interstate Commerce Commission and 2) the railroads themselves. The I. C. C. sets as a "fair" mark for earnings 5.75% on its own estimates of the property value. According to this, these Class I roads fell $23,826,000 short last year. Similar deficiencies from...
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