REPORT BOARD DIRECTORS PANAMA RAILROAD COMPANY. 9

- The increase in revenue from the transportation of mails was
$10,964.48, or 5.49 per cent. |

Of the total tonnage transported 103,606 tons were carried by the
company’s steamers and 116,019 tons by chartered steamers. In the
twelve months ending June 30, 1908, the former carried 83,353 tons
and the latter 116,694 tons.

EXPENDITURES.

The operating expenses for the twelve months ending June 30, 1909
and 1908, compare as under: |

1909. 1908. Decrease.
Per cent.
Railroads a ae ee $2,356, 319.27 | $2,831, 142. 76 16.
Steamship dimecec 8 ees eee ee petra aN eer a ete 1,343, 359.33.| 1,688,364. 95 18. OL
PTT ee Se eho pee rc Cree oe ae aya 3, 699, 678. 60 4,469,507. 71 17. 22

This table shows a decrease of $769,829.11 in total operating
expenses, while there was a decrease in total earnings of $284,474.91.
(See pp. 32 and 33.) 3 :
| RAILROAD. |

4

Summary of operating statistics.

 

 

Items. 1909. 1908. Increase. Decrease. | Per cent.
Average miles operated.......... 49.73 AQ STS | oa eee pee A eS eee ae ese
GYOSS'CATNIN GS. eee se $4, 267,161.85 | $4,541, 487.79 |.....222222-.- $274, 275. 94 6. 04
Operating expenses........0..... $27 G00; 019s 2h ee Sol ADE (Ose fe as $474, 823. 49 lOnie
INeGearnings =e. s 7 eee ee $1, 910,842.58 | $1,710,295.03 | $200,547.55 |.............. 11. 73
Per cent expenses to earnings... 55. 22 O2E Sar aay reese oe (el2 11. 42
Gross earnings per mile.......... $85, 806. 59 SOU S21 89 cs Cee eee $5, 515. 30 6. 04
Operating expenses per mile. .... $47, 382. 25 $50; 930; 08cl teen eG ei $9, 547. 83 16. 77
Net earnings per mile............ $38, 424. 34 $34,901 Sit $4 03200805 oe ee 11.73
Earnings per passenger-train mile $6. 09 $0. 33 POS On| seers Te leiees 14. 26.
Earnings per freight-train mile... $18.65 $12. 70 BONGO e | Reve eens 7. 48
Amount operating pay rolls..... $1,737, 072.93 |) $2,005; 196. 4387\ eo ee $268, 123. 50 13. 37
Tons per loaded car............. 18. 00 17.31 OS OO eee ese cae 3. 99:
AROUSEWOLELT A Mes. See es Fa ts 222.77 205. 22 Tit AGS Sie Siege 8. 55:
Locomotive mileage............. 883, 143 LLSOO2ZGe ta ee ee eae 305, 883 25.73
Passenger-train mileage.......... 146, 209 141, 169 5, O40. oe ee 3.57

Freight-train mileage...........- | 188, 297 223s BAN | Sw soiree hee 35, 544 15. 88:

 

Various details of organization and operation on the Isthmus are
shown on graphical charts, Exhibits P, Q, R, S, T, and U, submitted
herewith.

CONDUCTING TRANSPORTATION.

The expenses of this department decreased $225,031.41 as com-
pared with the last fiscal year, or 17.79 per cent; while the freight
tonnage handled shows a decrease of only 24,347 tons, or 2.06 per
cent, and the mileage of this tonnage a decrease of 3,988,741 ton-

miles, or 8.68 per cent. :

 

 

4 Data relating to operations on the Isthmus are supplied by Mr. Hiram J. Slifer
general manager.