that the public interest in the maintenance of sound financial structures by the carriers would be served by extending the Commission's authority under section 20a to the retirement of capital stock. KENNETH H. TUGGLE, Chairman ANTHONY F. ARPAIA HOWARD G. FREAS JOHN H. WINCHELL CLYDE E. HERRING APPENDIX A STATISTICS OF RAILROAD DEVELOPMENT Data for years preceding 1948 for most of the tables appear in prior reports TABLE I.-Mileage operated and mileage owned by railroads in the United States, Includes mileage of some small companies that do not make annual reports to the Commission. 1 Includes mileage of classes I and II line-haul railroads and switching and terminal companies. 385, 264 TABLE II.-Equipment of railroads, including switching and terminal companies, in service at the close of each year, 1948-58 1 TABLE II.-Equipment of railroads, including switching and terminal companies, in service at the close of each year, 1948-58 -Continued Privately owned cars and cars owned or leased by the Pullman Co., are not included. In 1958 privately owned freight carrying cars numbered 275,406 and cars owned or leased by the Pullman Co., 3,007. 2 Class I railroads. Includes gas turbine electric locomotives having average tractive effort as follows: 1952, 6 locomotives of 138,000 pounds; 1953, 10 locomotives of 137,900 pounds; 1954 through 1957, 25 locomotives of 137,920 pounds; 1958, 29 locomotives of 147,931 pounds. TABLE III.-Railroad capital actually outstanding and net income, 1948-58: Linehaul railroads and their lessor subsidiaries 1 Does not include long-term debt in default. For class I railroads and their nonoperating subsidiaries such debt amounted to $17,228 (thousands) at the close of 1958. 2 Intercorporate duplications not eliminated, but amounts shown correspond with the stock in the second and third preceding columns. Amounts of dividends! TABLE IV.-Dividends, 1948-58: Line-haul railroads and their lessor subsidiaries Includes figures for lessors and operating railroads without excluding duplications on account of intercorporate payments. Stock dividends for the last 11 years have been as follows: $15,800 in 1948, $2,426,100 in 1951, $767,537 in 1952, $26,035,890 in 1953, $5,000,000 in 1954, $2,130,100 in 1955, $22,038,223 in 1956, $635,174 in 1957, and $46,282,730 in 1958, of which $37,819,775 was credited to Capital Surplus for amount in excess of par value of stock dividends declared. By class I line-haul railroads. TABLE V. Reported property investment and selected income items, 1948-58: Linehaul railroads and their lessor subsidiaries ! Includes investment of operating, lessor, and proprietary companies. Proprietary companies do not render annual reports to the Commission but information concerning them is given in reports of the operating companies. Includes amortization of defense projects. Proprietary companies beginning in 1950. : Classes I and II line-haul railroads. Includes amounts received as interest or dividends on railroad securities owned by reporting carriers. See Transport Statistics in the United States, table 109. Figures represent classes I and II line-haul railroads. The interest included represents accruals, not payments. In 1958, the interest payments on unmatured funded debt and long-term debt in default in excess of accruals was $12,206,773 for class I railroads. Figures represent classes I and II line-haul railroads. Includes investment of lessor and proprietary companies, as follows, but excludes investment of proprietary companies in systems which file consolidated annual reports combining the mileage, investment and other items on a net system basis: |